ANNUAL REPORT

OF THE

F ederal D eposit I n suranc e C o rpo ra tion

FOR THE YEAR ENDED

DECEMBER 31f 1959

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Federal Reserve Bank of St. Louis
LETTER OF TRANSMITTAL

F e d e r a l D e p o sit I n s u r a n c e C o r p o r a tio n

Washington, D. C., June 7, 1960

SIRS: Pursuant to the provisions of Section 17 (a) of the 

Federal Deposit Insurance Act, the Federal Deposit Insurance 

Corporation is pleased to submit its annual report.

Respectfully,

Je s s e P. W o l c o t t, Chairman

T h e P r e s id e n t of t h e S e n a t e

T h e S p e a k e r op t h e H o u se op R e p r e s e n t a t iv e s

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Federal Reserve Bank of St. Louis
FEDERAL OEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE CORPORATION

N a t io n a l P ress B u il d in g — W a s h in g t o n 25, D . C.

BOARD OF DIRECTORS

Chairman ............................................................................Jesse P. W o lc o t t

Comptroller of the Currency.........................................R a y M . G id n ey

Director................................................................................ E r le C ocke

OFFICIALS—June 7, 1960

Assistant to Chairman (Acting) ................................Neil G. Greensides

Assistant to Director....................................................... William Matthews

Secretary ............................................................................Miss E. F. Downey

General Counsel, Legal Division..................................Royal L. Coburn

Chief, Division of Examination................................. ...Neil G. Greensides

Deputy Chief, Division of Examination.....................Edward H. DeHority

Chief, Division of Liquidation.......................................A. E. Anderson

Chief, Division of Research and Statistics.................Edison H. Cramer

Chief, Audit Division........................................................ Mark A. Heck

Controller ............................................................................William G. Loeffler

Assistant to the Board......................................................Don L. Waage

V

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Federal Reserve Bank of St. Louis
DISTRICT OFFICES

D ist. Su pervisin g

No. E x a m in er

1. Lundie W . Barlow

2. Philip C. Lods

3. Gilbert E. Mounts

4. Robert N. McLeod

5. John E. Freeman

6. Charles M. Dunn

7. William T. Hammill

8. Darrell E. Wilkins

9. Charles F. Alden

10. James H. Meek, Jr.

11. Lloyd Thomas

12. Walter W . Smith

A ddress

Room 1365, No. 10 P.O.

Square, Boston 9, Mass.

74 Trinity Place,

New York 6, N. Y.

Suite 500,

50 West Gay Street

Columbus 15, Ohio

200 The Bank of Virginia

Building, Fourth and

Grace Streets,

Richmond 19, Va.

Fifth floor, 114 Marietta

St., N. W., Atlanta 3, Ga.

1059 Arcade Building,

St. Louis 1, Mo.

715 Tenney Building,

Madison 3, Wis.

164 W. Jackson Blvd.,

Chicago 4, 111.

950 Federal Reserve

Bank Building,

Minneapolis 2, Minn.

1207 Federal Reserve

Bank Building,

Kansas City 6, Mo.

Federal Reserve Bank

Building, Station K,

Dallas 13, Texas

Suite 1120, 315 Montgomery Street, San

Francisco 4, Calif.

S ta te s in D istrict

Maine, New Hampshire,

Vermont, Massachusetts,

Rhode Island,

Connecticut

New York, New Jersey,

Delaware, Puerto Rico,

Virgin Islands

Ohio, Pennsylvania

District of Columbia,

Maryland, Virginia,

West Virginia, North

Carolina, South Carolina

Georgia, Florida, Alabama,

Mississippi

Kentucky, Tennessee,

Missouri, Arkansas

Indiana, Michigan,

Wisconsin

Illinois, Iowa

Minnesota, North Dakota,

South Dakota, Montana

Nebraska, Kansas,

Oklahoma, Colorado,

Wyoming

Louisiana, Texas,

New Mexico, Arizona

Idaho, Utah, Nevada,

Washington, Oregon,

California, Alaska,

Hawaii, Guam

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ITA

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Federal Reserve Bank of St. Louis
CONTENTS

Page

Part One

Operations of the Corporation

Participation in Federal deposit insurance.......................................................... 3

Insurance operations to protect depositors of failing banks....................... 4

Supervisory activities ............................................................................................... 7

Legal developments ................................................................................................... 12

Administration of the Corporation....................................................................... 12

Finances of the Corporation.................................................................................... 14

Part Two

Asset and Liability Characteristics of Insured Commercial

Banks Grouped by Size, June 10, 1959

Distributions of assets, liabilities, and capital accounts of insured commercial banks among size groups of banks................................................... 25

Distributions of assets, liabilities, and capital accounts within size

groups of banks....................................................................................................... 31

Distributions of banks according to their individual asset and liability

ratios ........................................................................................................................... 38

Part Three

Legislation and Regulations

Federal legislation ..................................................................................................... 77

Rules and regulations of the Corporation.............. ............................................. 79

State banking legislation.......................................................................................... 80

Part Four

Banking Developments

Insurance coverage and supervisory status of banks at the end of 1959 87

Banking developments in 1959 and annually since 1947................................ 90

Changes in bank assets and deposits by States, 1958 and 1959.................. 94

Assets and liabilities of the entire banking and currency system............ 96

Income of insured banks.......................................................................................... 100

Part Five

Statistics of Banks and Deposit Insurance

Number, offices, and deposits of banks................................................................ .....108

Assets and liabilities of banks.....................................................................................128

Earnings, expenses, and dividends of insured banks...................................... .....142

Deposit insurance disbursements................................................................................ 170

Summary .................................................................................... xv

ix

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LIST OF CHARTS

Page

Organization chart of the Federal Deposit Insurance Corporation.......... iv

Federal Deposit Insurance Corporation districts (map).............................. vii

A. Number of banks of deposit in each State which were not insured

by the Federal Deposit Insurance Corporation, December 31, 1959 3

B. Income of the Federal Deposit Insurance Corporation 1933-1959...... 18

C. Number and total assets of insured commercial banks grouped bydeposit size, June 30, 1954, and June 10, 1959...................................... 26

D. Percentage distributions of number and total assets of insured

commercial banks grouped by deposit size, June 30, 1954, and

June 10, 1959..................................................................................................... 27

E. Percentage distributions of total assets, liabilities, and capital

accounts of insured commercial banks, June 30, 1954, and June

10, 1959.............................................................................................................. 30

F. Percentage distributions of total loans and securities of insured

commercial banks, June 30, 1954, and June 10, 1959......................... 37

G. Average capital ratios of insured commercial banks grouped by

deposit size, June 30, 1954, and June 10, 1959...................................... 38

LIST OF TABLES

Part One

Operations of the Corporation

I n s u r a n c e o p e r a t io n s to p r o t e c t d e p o s it o r s o f f a i l i n g b a n k s :

1. Protection of depositors of insured banks requiring disbursements

by the Federal Deposit Insurance Corporation, 1934-1959.............. 5

2. Analysis of disbursements, recoveries, and losses by the Federal

Deposit Insurance Corporation in insurance transactions, 1934-

1959....................................................................................................................... 6

S u p e r v is o r y a c t iv it ie s :

3. Applications from banks acted upon by the Board of Directors of

the Federal Deposit Insurance Corporation during 1959................ 8

4. Bank examination activities of the Federal Deposit Insurance Corporation in 1958 and 1959............................................................................. 10

5. Actions to terminate insured status of banks charged with unsafe

or unsound banking practices or violations of law or regulations,

1936-1959............................................................................................................ 11

A d m i n is t r a t i o n o f t h e c o r p o r a t io n :

6. Number of officers and employees of the Federal Deposit Insurance

Corporation, December 31, 1959................................................................ 13

F i n a n c e s o f t h e c o r p o r a t io n :

7. Assets and liabilities of the Federal Deposit Insurance Corporation,

December 31, 1959.......................................................................................... 15

8. Insured deposits and the deposit insurance fund, 1934-1959.............. 16

9. Income and expenses of the Federal Deposit Insurance Corporation,

by years, from beginning of operations, September 11, 1933 to

December 31, 1959, adjusted to December 31, 1959........................... 17

X

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Page

10. Administrative and operating expenses of the Federal Deposit

Insurance Corporation for the year ended December 31, 1959........ 18

11. Income and expenses of the Federal Deposit Insurance Corporation

and changes in the deposit insurance fund, for the year ended

December 31, 1959.......................................................................................... 19

12. Determination and distribution of net assessment income of the

Federal Deposit Insurance Corporation for the year ended December 31, 1959............................................................................................... 20

13. Audit report of the Federal Deposit Insurance Corporation for the

fiscal year ended June 30, 1959................................................................... 20

LIST OF TABLES xi

Part Two

Asset and Liability Characteristics of Insured Commercial

Banks Grouped by Size, June 10, 1959

D i s t r ib u t io n s o f a s s e t s , l i a b i l i t i e s , a n d c a p it a l a c c o u n t s of i n s u r e d

c o m m e r c ia l b a n k s a m o n g s iz e g r o u p s o f b a n k s :

14. Percentage distributions of insured commercial banks and their

aggregate assets among size groups, June 30, 1954, and June 10,

1959........................ ........................ ..................................................................... 26

15. Assets, deposits, and capital accounts of insured commercial banks,

June 10, 1959

Percentage distributions of aggregates for all banks among

banks grouped by size........................................................................... 28

D is t r ib u t io n s of a s s e t s , l i a b i l i t i e s , a n d c a p it a l a c c o u n t s w i t h i n

s iz e g r o u p s of b a n k s :

16. Assets, liabilities, and capital accounts of insured commercial banks

g r o u p e d b y s iz e , J u n e 10, 1959

Percentage distributions of aggregates for each size group

among types of assets, liabilities, and capital accounts.......... 32

D i s t r ib u t io n s o f b a n k s a c c o r d in g to t h e ir in d iv id u a l a s s e t a n d

LIABILITY RATIOS:

17. Distributions of insured commercial banks within size groups according to their individual ratios of selected asset and liability

item to total assets, June 10, 1959............................................................ 39

18. Distributions of insured commercial banks within size groups according to their individual ratios of selected types of loans to

total loans (gross), June 10, 1959............................................................ 45

19. Distributions of insured commercial banks within size groups according to their individual ratios of selected items to total deposits, June 10, 1959.... ...................................................... .......................... 50

20. Distributions of insured commercial banks within size groups according to their individual ratios of total capital accounts to

selected items, June 10, 1959....................................................................... 53

A s s e t s a n d l ia b il it ie s h e l d b y v a r io u s s iz e g r o u p s :

21. Assets and liabilities of insured commercial banks in the United

States (States and other areas), June 10, 1959

Banks grouped by deposit size.......................................................... 54

22. Assets and liabilities of insured commercial banks in the United

States, June 10, 1959

Banks grouped by State and deposit size.................................... 58

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xii FEDERAL DEPOSIT INSURANCE CORPORATION

Part Four

Banking Developments

Page

I n s u r a n c e coverage a n d supervisory st a t u s of b a n k s a t t h e e n d

of 1959:

23. Classification of banks according to supervisory status and Federal

deposit insurance participation, December 31, 1959........................... 87

24. Assets of banks classified according to supervisory status and Federal deposit insurance participation, December 31, 1959................... 88

25. Deposits of banks classified according to supervisory status and

Federal deposit insurance participation, December 31, 1959.......... 89

26. Capital account ratios of banks of deposit classified according to

supervisory status and Federal deposit insurance participation,

December 31, 1959.......................................................................................... 90

B a n k in g d evelop m en ts in 1959 an d a n n u a l l y sin c e 1947:

27. Annual changes in banking offices, and population per office, in the

United States (States and other areas), 1947-1959........................... 90

28. Major categories of assets of all banks in the United States (States

and other areas), December 31, 1959, and selected prior years,

and annual percentage changes, 1948-1959........................................... 91

29. Major categories of loans of all banks in the United States (States

and other areas), December 31, 1959, and selected prior years,

and annual percentage changes, 1948-1959........................................... 92

30. Total capital accounts, total deposits, and major categories of deposits of all banks in the United States (States and other areas),

December 31, 1959, and selected prior years, and annual percentage changes, 1948-1959.................................................................................. 94

C h a n g e s in b a n k a s s e ts an d deposits by s ta te s , 1958 an d 1959:

31. Percentage changes in deposits, total loans, and holdings of United

States government obligations and of other securities, all banks

in each State and Federal Deposit Insurance Corporation district

in 1958 and in 1959........................................................................................ 95

A ssets a n d l ia b il it ie s of t h e e n tir e b a n k in g a n d c u r r e n cy sy s t e m :

32. Net total deposits and circulating currency, and other liabilities

and capital accounts of the entire banking and currency system,

December 31, 1947-1959, and annual percentage changes................ 98

33. Assets of the entire banking and currency system, December 31,

1947-1959, and annual percentage changes........................................... 99

I n c o m e of in su r ed b a n k s :

34. Sources and disposition of total income of insured commercial

banks in the United States (States and other areas), 1948 and

1957-1959 .......................................................................................................... 101

35. Sources and disposition of total income of insured mutual savings

banks in the United States, 1948 and 1957-1959.................................. 102

36. Average rates of income, expense ratios, and net additions to

capital accounts of insured commercial banks and mutual savings

banks in the United States (States and other areas), 1948 and

1957-1959 ................................................................................................. ........ 103

37. Number and average compensation of employees, average operating

earnings per employee, and average number of employees for

each $1 million of assets, insured commercial banks in the United

States (States and other areas), 1947-1959........................................... 103

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38. Selected operating ratios of insured commercial banks operating

throughout the year 1959

Banks grouped according to amount of deposits............................ 105

Part Five

Statistics of Banks and Deposit Insurance

N um ber, o ffic e s , an d d eposits o f b a n k s :

Explanatory note ............... ........................................................................................ 108

101. Changes in number and classification of banks and branches in the

United States (States and other areas) during 1959....................... 110

102. Number of banking offices in the United States (States and other

areas), December 31, 1959

Grouped according to insurance status and class of bank, and

by State or area and type of office............................................... 112

103. Number of commercial banks operating branches and number of

branches in the United States (States and other areas), June

30, 1959

Banks operating branches grouped according to character of

branch system and branches grouped according to location of branch and by population of center in which located

and S ta te................................................................................................ 120

104. Number of banking offices of commercial banks in the United

States (States and other areas), June 30, 1959

Grouped according to number of commercial banking offices

in center in which located and by type of office and population of center in which located...................................................... 122

105. Number of banking offices of commercial banks in metropolitan

areas of the United States (States and other areas), June 30,

1959

Grouped according to type of office.................................................. 124

106. Number and deposits of all banks in the United States (States and

other areas), December 31, 1959

Banks grouped according to insurance status and by district

and State ...................................................................... ....................... 126

A ssets a n d lia b il it ie s of b a n k s :

Explanatory note ........................................................................................................ 128

107. Assets and liabilities of all banks in the United States (States and

other areas), June 10, 1959

Banks grouped according to insurance status and type of bank 130

108. Assets and liabilities of all banks in the United States (States and

other areas), December 31, 1959

Banks grouped according to insurance status and type of bank 132

109. Assets and liabilities of all banks in the United States (States and

other areas), December 31, 1959

Banks grouped by district and State............................................... 134

110. Assets and liabilities of insured banks in the United States (States

and other areas), December 31, 1959, June 10, 1959, and December 31, 1958.................................................................................................... 136

111. Distribution of insured commercial banks in the United States

(States and other areas), December 31, 1959

Banks grouped according to amount of deposits and by ratios

of selected items to assets................................................................. 140

LIST OF TABLES xiii

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xiv FEDERAL DEPOSIT INSURANCE CORPORATION

Page

E a r n in g s , e x p e n s e s, a n d dividends of in su r ed b a n k s :

Explanatory note ....................................................................................................... 142

112. Earnings, expenses, and dividends of insured commercial banks in

the United States (States and other areas), 1951-1959................... 144

113. Ratios of earnings, expenses, and dividends of insured commercial

banks in the United States (States and other areas), 1951-1959 146

114. Earnings, expenses, and dividends of insured commercial banks in

the United States (States and other areas), 1959

By class of bank....................................................................................... 148

115. Ratios of earnings, expenses, and dividends of insured commercial

banks in the United States (States and other areas), 1959

By class of bank....................................................................................... 150

116. Earnings, expenses, and dividends of insured commercial banks

operating throughout 1959 in the United States (States and

other areas)

Banks grouped according to amount of deposits......................... 152

117. Ratios of earnings, expenses, and dividends of insured commercial

banks operating throughout 1959 in the United States (States

and other areas)

Banks grouped according to amount of deposits......................... 154

118. Earnings, expenses, and dividends of insured commercial banks in

the United States (States and other areas), by State, 1959........ 156

119. Income, expenses, and dividends of insured mutual savings banks,

1951-1959 ....................................................................................................... 166

120. Ratios of income, expenses, and dividends of insured mutual

savings banks, i951-1959........................................................................... 168

D eposit in s u r a n c e d isb u r se m e n t s :

Explanatory note ....................................................................................................... 170

121. Depositors, deposits, and disbursements in insured banks requiring

disbursements by the Federal Deposit Insurance Corporation,

1934-1959

Banks grouped by class of bank, year of deposit payoff or

deposit assumption, amount of deposits, and State................. 172

122. Insured banks requiring disbursements by the Federal Deposit

Insurance Corporation during 1959........................................................ 174

123. Recoveries and losses by the Federal Deposit Insurance Corporation on principal disbursements for protection of depositors,

1934-1959 ....................................................................................................... 175

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SUMMARY

Nearly 96 percent of all banks in the United States were participating in Federal deposit insurance at the end of 1959. Deposits 

in the 13,382 insured banks totaled $248 billion. An estimated 

$142 billion of this amount was insured under the limit of $10,000 

for each depositor. (Pp. 3, 16.)

The deposit insurance fund amounted to $2,090 billion on 

December 31, 1959, or 0.84 percent of total deposits in insured 

banks. During 1959 disbursements from this fund were required 

to protect the depositors of three insured banks, giving a total of 

439 failing insured banks since 1934. (Pp. 4, 16.)

Comparisons of the asset and liability structures of banks of 

different size are given in a study based on the reports of assets 

and liabilities of insured commercial banks for June 10, 1959. 

These reports are analyzed to show the proportion of aggregate 

amounts of various asset, liability, and capital items held by banks 

in each of eleven deposit size groups, as well as the relative importance of items to banks within each size group. In addition, distributions are given of the number of insured commercial banks 

within size groups, according to each of 44 ratios showing relationships between selected items of assets, liabilities, and capital 

accounts. (Pp. 25-73.)

During 1959 three measures directly affecting Federal deposit 

insurance or insured banks became law. One related to membership of the Acting Comptroller of the Currency on the Corporation's Board of Directors, and two amended the statutes relating 

to national banks. The regulation of the Corporation concerning 

the payment of interest on savings deposits of insured nonmember 

banks was also amended. State banking regulations of various 

types were passed in 1959. (Pp. 12, 77-84.)

Continuing the recent trend, the number of bank branches grew 

more rapidly than the number of banks in 1959. Banking offices 

totaled 24,242 at the end of the year. (P. 90.)

Assets of banks increased 2 percent to $284 billion in 1959, the 

smallest rate of growth since 1949. The increase in 1959 was due 

principally to the 12 percent growth in loans; bank holdings of 

United States Government obligations declined 11 percent. (Pp. 

91-92.)

xv

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Federal Reserve Bank of St. Louis
xvi FEDERAL DEPOSIT INSURANCE CORPORATION

The banking and currency system of the United States includes, 

in addition to banks, the Federal Reserve banks, the postal savings 

system, the gold accounts and currency issues of the Treasury, and 

the Exchange Stabilization Fund. Assets of this system totaled 

$394 billion on December 31, 1959; from 1947 to 1959 they increased at an average annual rate of 3 percent. (Pp. 97-99.)

Total income of all insured banks rose 7 percent in 1959, over 

twice the rate of growth in assets, due both to higher average 

rates of income and to shifting from securities to higher-yielding 

loans. (Pp. 100-102.)

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Federal Reserve Bank of St. Louis
PART ONE

OPERATIONS OF THE CORPORATION

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P a r t ic ip a t io n i n F e d e r a l D e p o sit I n s u r a n c e

The Federal Deposit Insurance Corporation was created by the 

Banking Act of 1933 and began its insurance operations January 1, 

1934. Designed to prevent the destruction of deposits because of 

bank failure and to protect depositors against loss, the Corporation 

has exerted a stabilizing influence upon the nation's economy.

Insurance was initially limited to $2,500 for each depositor. 

The maximum was increased to $5,000 on July 1, 1934, and continued at that amount until September 21,1950, when it was raised 

to the present limit of $10,000 per depositor.

Since 1934 nine-tenths or more of the nation’s banks have participated in Federal deposit insurance. The 13,382 insured banks 

at the end of 1959 comprised 95.6 percent of all banks in the United 

States. Together they had 10,053 branches, giving the United 

States a total of 23,435 insured banking offices.

Chart A. N um ber o f B a n k s o f D ep osit in E a c h S ta t e W h ic h W e r e N o t

In su re d by t h e F e d e ra l D ep osit In s u r a n c e C orp oration , D ecem ber 31,1959

The prevalence of Federal deposit insurance has fostered a 

general assumption that all banks are insured. Occasionally this 

assumption has led to needless loss by depositors of failing noninsured banks. Although the number of noninsured banks continues each year to decline, there were 622 such banks at the end 

of 1959. Included in this number were 55 trust companies not

3

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Federal Reserve Bank of St. Louis
4 FEDERAL DEPOSIT INSURANCE CORPORATION

regularly engaged in deposit banking, and therefore not eligible 

for Federal deposit insurance, and 83 private banks of deposit 

which would have to change to corporate status before becoming 

insured. The 567 banks of deposit not having Federal deposit 

insurance, except for five banks located outside the 50 States and 

the District of Columbia, were distributed among 37 States, as 

shown in Chart A.

I n s u r a n c e O p e r a t io n s to P r o tec t D e po sito r s

o p F a il in g B a n k s

Insurance operations during 1959. Disbursements to protect 

depositors were made by the Corporation in the cases of three 

insured banks which closed during 1959. The Bartlett State Bank, 

Bartlett, Nebraska, and the Liberal State Bank, Liberal, Missouri, 

suspended during the first half of the year and are being liquidated 

by the respective State banking authorities. The First State Bank, 

Tenaha, Texas, was closed in December and the Corporation appointed receiver. The three banks had more than 3,000 depositors 

and deposits of $2.5 million.

Payment of insured deposits was started by claim agents of the 

Corporation shortly after each closing, and by the end of the year 

such disbursements totaled $1.7 million. Additional amounts were 

received by depositors by payment of claims with a preferred 

status and through the offset of debts due the banks, so that 80 percent of the depositors had recovered the full amount of their 

deposits by the year-end. Most of the remaining depositors will 

also receive full recovery as soon as their claims are made or 

settled. A relatively few depositors will be dependent upon receivers’ dividends for recovery of amounts in excess of $10,000.

Insurance operations, 1934-1959. Since January 1, 1934, the 

Federal Deposit Insurance Corporation has made disbursements 

to protect depositors in 439 failing banks. Most of the cases, and 

the bulk of the disbursements, occurred during the first 9 years of 

deposit insurance. Failed insured banks during the past 17 years 

have been of relatively small size and have not exceeded five in 

number in any single year.

The 439 failing insured banks had more than 1,400,000 depositors and total deposits of nearly $600 million. Less than 5,000 

depositors, or three-tenths of 1 percent of the total number, had 

not recovered the full amount of their deposit balances by the end 

of 1959. Largely as a consequence of insurance disbursements by 

the Corporation, almost all of the 1,400,000 depositors had their

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Federal Reserve Bank of St. Louis
INSURANCE OPERATIONS TO PROTECT DEPOSITORS 5

deposits paid, or made available to them, immediately upon or very 

shortly after the closing of their banks. Table 1 shows the number 

of depositors in failing insured banks and the means by which 

recovery was obtained.

T a b le I . PROTECTION OF DEPOSITORS OF INSURED BAN K S REQUIRING

D i s b u r s e m e n t s b y t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n , 1934-1959

Item

All cases

(439 banks)

Number or

amount Percent

Deposit payoff

cases

(257 banks)

Number or

amount Percent

Deposit

assumption cases

(182 banks)

Number or

amount Percent

Number of depositors or accounts—total1.................

Full recovery received or

available.............................

From FDIC2.........................

By offset4................................

Through security or preference5

From receiver6......................

Full recovery not received as

of December 31, 1959... .

Terminated cases.

Active cases..........

Amount of deposits (in thousands)-total.....................

Paid or made available.

By FDIC2...................................

By offset8....................................

By security or preference9.. . .

By receiver10..............................

Not paid as of December 31,

1959....................................

Terminated cases.

Active cases..........

1,440,769

1,436,203

1,394,753

35,884

2,791

2,775

4,566

2,781

1,785

$595,179

592,779

566,505

8,338

7,579

10,357

1,779

621

100.0%

99.7

96.8

2.5

.2

.2

100.0%

99.6

95.2

1.4

1.3

1.7

406,036

401,470

360,020*

35,884

2,791

2,775

4,566

2,781

1,785

$128,652

126,252

99,9783

8,338

7,579

10,357

2,400

1,779

621

100.0%

98.9

88.7

8.8

.7

.7

1.1

.7

.4

100.0%

98.1

77.7

6.5

5.9

8.0

1.9

1.4

.5

1.034.733

1.034.733

1.034.733

$466,527

466.527

466.527

100.0%

100.0

100.0

100.0%

100.0

100.0

1 Number of depositors in deposit payoff cases; number of accounts in deposit assumption cases

2 Through direct payment to depositors in deposit payoff cases; through assumption of deposits by

other insured banks, facilitated by FDIC disbursements of $198,074 thousand, in deposit assumption

cases.

8 Includes 55,309 depositors in terminated cases who failed to claim their insured deposits.

4 Includes only depositors with claims offset in full; most of these would have been fully protected

by insurance in the absence of offsets.

5 Excludes depositors paid in part by FDIC whose deposit balances were less than the insurance

maximum.

6 The insured portions of these depositor claims were paid by the Corporation.

7 Includes $176 thousand insured deposits in terminated cases available but unclaimed from Corporation (see note 3).

8 Includes all amounts paid by offset.

9 Includes all secured and preferred claims paid by receiver; excludes secured and preferred claims

paid by Corporation.

10 Includes unclaimed deposits paid into trusts by receiver.

A major purpose of deposit insurance is to guard communities 

against the economic tragedy of a bank failure by restoring deposit 

balances to their owners as fully and as rapidly as the law permits. 

Over 95 percent of the total deposits in failing insured banks since 

1934 was restored to depositors as a result of Corporation disDigitized for FRASER 

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Federal Reserve Bank of St. Louis
6 FEDERAL DEPOSIT INSURANCE CORPORATION

bursements. Most of the remaining deposits were paid by means 

of offset of debts due the banks, by payment of secured or preferred 

deposits, or through receivers’ dividends. Only four-tenths of 1 

percent of total deposits was lost to depositors.

Protection of depositors of failing insured banks has been 

accomplished by two methods. In 257 cases the banks were placed 

in receivership by State or Federal authorities, and payment of 

insured deposits was made directly to depositors by claim agents 

of the Corporation. In 182 cases the Corporation disbursed money 

to the distressed banks through loans or purchase of assets in 

order to facilitate the assumption of their deposits by other insured 

banks. Using this latter procedure, all deposits, regardless of 

amount, were made available with little or no interruption of 

banking services.

Table 2. ANALYSIS OF DISBURSEMENTS, RECOVERIES AND LOSES BY THE

F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n i n I n s u r a n c e

T r a n s a c t i o n s , 1934-1959

(In thousands)

Type of disbursement Disbursements Recoveries1

All disbursements— total.

Principal disbursements in deposit assumption and

payoff cases— total.......................................................

Loans and assets purchased (182 deposit assumption

To December 31, 1959.......................................................

Estimated additional..........................................................

Deposits paid (257 deposit payoff cases):

To December 31, 1959.......................................................

Estimated additional...........................................................

Advances and expenses in deposit assumption and

payoff cases— total.......................................................

Expenses in liquidating assets in 182 deposit assumption

Advances to protect assets................................................

Liquidation expenses...........................................................

Insurance expenses..............................................................

Field payoff and other insurance expenses in 257 deposit

payoff cases............................... ........................................

Other disbursements— to ta l.

Assets purchased to facilitate termination of liquidations:

To December 31, 1959........................................................

Estimated additional...........................................................

Unallocated insurance expenses............................................

$348,230

$298,042

198,074j

99,802 \

166/

$ 48,490

32,831

14,375

203

1,081

$ 1,698

1,609 j

" ’ '89

$319,212

$269,754

183,9611

980 J

82,4901

2,323 J

$ 47,206

32,831

14,375

(8)

(8)

$ 2,252

2,2451

7) (*)

$29,0182

$28,288

13,133

15,155

$ 1,284

203

1,081

$ (554)4

(643)5

1 Recoveries in a few individual cases were in excess of the amount due the Corporation. These

recoveries were returned to stockholders and are not included.

2 Net loss of funds after allowing for interest and allowable return collected of $8,855 thousand was

$20,163 thousand.

8 Not recoverable.

4 Net recovery in excess of disbursements.

6 Net profit and net income.

Since January 1, 1934, the Corporation has disbursed $348 million in all insurance transactions. The largest portion of this total,

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Federal Reserve Bank of St. Louis
INSURANCE OPERATIONS TO PROTECT DEPOSITORS 7

$298 million, consisted of principal disbursements to protect depositors. One-third of such principal disbursements was in cases 

where the banks were placed in receivership and the depositors 

paid directly by the Corporation, and two-thirds in cases where 

the failing banks were absorbed by sound insured banks with the 

assistance of the Corporation. Table 2 gives additional detail on 

Corporation disbursements in insurance transactions, including a 

breakdown of $48 million disbursed in the form of advances and 

expenses in cases handled by the Corporation.

All insurance disbursements, except expenses incurred in the 

payment of depositors and certain other expenses, are recoverable 

by the Corporation from the proceeds of the liquidation of the 

assets of failed banks. The Corporation has recovered, or anticipates that it will recover, a total of $319 million, leaving an estimated loss of $29 million on disbursements in all insurance 

transactions.

S u p e r v iso r y A c t iv it ie s

In the performance of its duties the Corporation exercises certain supervisory functions. These supervisory powers are designed to prevent trouble from developing to such a point that the 

financial assistance of the Corporation is required. Powers 

granted to the Corporation look toward the encouragement and 

establishment among insured banks of sound banking practices. 

These powers follow a long tradition of regulation of the banking 

business as one particularly affecting the public interest and are 

designed to supplement and strengthen the supervision of banks 

exercised by other State and Federal banking agencies.

Admission to insured status. Banks of deposit become insured 

in different ways. Those becoming members of the Federal Reserve 

System are insured automatically as an incident of that affiliation. 

Operating noninsured State banks, as well as new State banks 

not becoming members of the Federal Reserve System, may apply 

to the Corporation for admission to insurance. National banks 

which are not members of the System may apply to the Comptroller 

of the Currency for insurance.

Applications for insurance by State banks are reviewed by the 

Corporation's Board of Directors and insurance is granted after 

giving consideration to the following factors, as prescribed by 

statute: the financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the 

general character of its management, the convenience and needs of

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Federal Reserve Bank of St. Louis
8 FEDERAL DEPOSIT INSURANCE CORPORATION

the community to be served by the bank, and the consistency of 

the bank’s corporate powers with the purposes of the Federal 

deposit insurance law. In the case of banks becoming insured without application to the Corporation, the respective supervisory 

authorities certify to the Corporation that consideration has been 

given to these factors. Where direct application is made for 

insurance, the bank must be in operation or have a charter or a 

commitment for one from the appropriate State banking authority 

prior to Corporation action.

During the year the Board acted upon 161 applications for 

admission to insurance, approving all but four. About three-fifths 

of them involved new banks, the others being banks already in 

operation but not insured. In addition, the Board approved 19 

applications for continuance of insurance by banks withdrawing 

from the Federal Reserve System.

Table 3. APPLICATIONS FROM BANKS ACTED UPON BY THE BOARD OF DIRECTORS

of t h e F ederal D eposit I n s u r a n c e Corporation D u r in g 1959

Type of application

Total

acted

upon

Approved Disapproved

All applications1................................................................................... 730 721 9

Admission to insurance— total................................................. 161 157 4

New banks....................................................................................... 92 89 3

Operating banks.............................................................................. 68 68

Bank closed pending reorganization.......................................... 1 1

Continuation of insurance of banks withdrawing from

Federal Reserve System ....................................................... 19 19

Change in type of business— total.......................................... 38 38

To engage in trust business......................................................... 37 37

To engage in commercial banking............................................. 1 1

Assumption of deposit liabilities— total............................... 24 24

Of another insured bank............................................................... 18 18

Of a noninsured bank....................................................................■ 5 5

Other................................................................................................. 1 1

Operation of branches— total.................................................... 261 260 1

New branch offices......................................................................... 217 216 1

Conversion of absorbed bank or financial institution........... 35 35

Change in type of business.......................................................... 1 1

Continue operating branches of absorbed or predecessor bank. 8 8

Change of location of offices— total........................................ 201 200 1

Main offices...................................................................................... 139 138 1

Branches........................................................................................... 62 62

Retirement of capital.................................................................... 17 17

Service of persons convicted of breach of trust................ 4 1 3

Other.................................................................................................... 5 5

1 Excludes applications supplementary to a primary application; for example, for an extension

of time with respect to an insurance commitment for a new bank. Also excludes a few applications acted

upon in prior years on which additional action was taken during 1959.

Almost one-half of the new banks whose applications for admistion to insurance were approved in 1959 were in the three States

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Federal Reserve Bank of St. Louis
SUPERVISORY ACTIVITIES 9

of Florida, Illinois, and Texas. Of the 68 operating banks approved 

for admission to Federal deposit insurance, 25 were in New Hampshire and 24 in Kansas.

Other applications from banks. Applications for insurance in 

1959 and other applications from banks are classified in Table 3. 

Approval of the Board of Directors must be obtained before any 

insured bank may enter into a merger, consolidation, or assumption transaction with, or convert into, a noninsured bank or institution. Any such transaction involving only insured banks must 

receive Corporation approval, if the resulting insured bank is other 

than a District of Columbia bank or a member of the Federal 

Reserve System and there is a reduction of capital stock or surplus. An insured State bank, other than a District bank, which 

is not a member of the Federal Reserve System must obtain the 

approval of the Corporation to establish a branch, relocate its 

main office or any branch, or retire or reduce its capital stock, 

capital notes, or debentures.

The number of applications approved by the Board during 1959 

was considerably greater than in the preceding year. Applications 

approved for the operation of branches increased from 181 to 260; 

those for relocation of offices numbered 200 as compared with 164 

in 1958; and those to engage in trust business doubled.

Bank examinations. The establishment and extension of sound 

banking fostered through care in admitting banks to insured status 

is furthered by periodic examination of operating banks. Agreements among the different bank supervisory agencies with regard 

to standards and procedures have reduced the burden of examination upon both the banks and the supervisory agencies. The Corporation regularly examines insured State banks other than District of Columbia banks and members of the Federal Reserve 

System, and reviews reports of examination of other insured banks 

made by the other Federal banking agencies. Examinations of 

insured nonmember banks are often made jointly or concurrently 

with those conducted by the appropriate State supervisory authority. An insured bank normally examined by another Federal 

supervisory agency may be examined by the Corporation when 

such action is deemed advisable by the Board of Directors to determine its condition for insurance purposes. Proposals for new 

banks and branches and other investigations have required 

increasing time and attention in recent years.

During 1959 the Corporation conducted a total of 10,767 examinations and investigations, as indicated in Table 4. Compared with 

the previous year, there was a noticeable increase in activity

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Federal Reserve Bank of St. Louis
10 FEDERAL DEPOSIT INSURANCE CORPORATION

relating to the opening of new banks and branches and the admission to insurance of operating noninsured banks. Banks examined 

by the Corporation in 1959 comprised about one-half of the 

nation's insured banks and held roughly one-fourth of the total 

deposits in such banks.

Table 4 . B a n k E x a m in a t io n A ctiv ities of t h e F ederal

D eposit I n s u r a n c e C orporation in 1958 a n d 1959

Activity

Number

1959 1958

Examinations and investigations— total.

Examinations of main offices........................................................................

Regular examinations of insured banks not members of Federal Reserve

System...............................................................................................................

Re-examinations; or other than regular examinations..............................

Entrance examination of operating noninsured banks..............................

Examinations of departments and branches..........................................

Examinations of trust departments...............................................................

Examinations of branches................................................................................

Investigations.............................................................

New bank investigations........................................

Banks members of Federal Reserve System. . . .

Banks not members of Federal Reserve System.

New branch investigations....................................

Miscellaneous investigations..................................

10,769 10,502

6,872 6,939

6,646 6,744

123 146

103 49

2,915 2,788

908 860

2,007 1,928

980 775

224 143

59 36

165 107

260 215

496 417

Review of reports of examination of insured banks— total.

National banks.....................................................................................

State banks members of Federal Reserve System.......................

State banks not members of Federal Reserve System...............

12,333

4,535

1,621

6,177

14,304

5,037

1,932

7,335

A report of examination is the Corporation’s chief source of 

information about the nature and extent of its risk. Evaluation of 

the many items covered in an examination is aimed particularly 

toward determining a bank’s sound capital, the quality of its loans, 

the suitability of its securities portfolio, the existence of practices 

likely to lead to financial difficulties, and possible violations of law. 

When an examination reveals an unusual insurance risk, the bank’s 

weaknesses are analyzed in detail, and through frequent examination and follow-up conferences an attempt is made to induce the 

bank to correct the difficulties before they become serious.

Citations for unsafe and unsound banking practices and violations of law. When examination of a bank reveals continuation of 

unsafe or unsound banking practices or violation of law or regulations, the Corporation has the authority and duty to institute proceedings for the termination of the bank’s insured status. The 

Corporation does not, however, have authority to close a bank. 

Proceedings are started only after a diligent effort has been made 

to obtain satisfactory corrective action by the bank itself.

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SUPERVISORY ACTIVITIES 11

As indicated in Table 5, during the period of Federal deposit 

insurance, proceedings for the termination of insurance have been 

initiated against 180 banks. Proceedings against two banks were 

initiated during 1959. One case was closed when the bank made 

the necessary corrections. The other case, involving weak capitalization and a deteriorating loan situation, was pending at the 

year-end.

Table 5 . ACTIONS TO TERMINATE INSURED STATUS OP BANKS CHARGED

W it h U n s a f e or U n s o u n d Ba n k in g P r actices or V io l a t io n s

of L a w or R e g u l a t io n s, 1936-1959

Disposition or status 1936-19591

Total banks against which action was taken.................................................... 180

Cases closed....................................................................................................................... 179

Corrections made....................................................................................................................... 67

Banks absorbed or succeeded by other banks.................................................................... 68

With financial aid of the Corporation................................................................................ 62

Without financial aid of the Corporation.......................................................................... 6

Banks suspended prior to setting date of termination of insured status by Corporation. 32

Insured status terminated, or date for such termination set by Corporation, for failure

to make corrections.......................................................................................................... 12

Banks suspended prior to or on date of termination of insured status......................... 9

Banks continued in operation2............................................................................................. 3

Cases not closed, December 31, 1959.......................................................................... 1

Action deferred pending analysis of examination............................................................. 1

1 No action to terminate the insured status of any bank was taken before 1936. In 5 cases where

initial action was replaced by action based upon additional charges, only the latter action is included.

2 One of these suspended 4 months after its insured status was terminated.

Reports from banks. The reports obtained from banks are an 

important instrument of bank supervision. Each insured bank 

submitted statements of its assets and liabilities as of June 10 and 

December 31, 1959, and a statement of its income for the calendar 

year 1959, to the appropriate Federal supervisory agencies. During the year each insured bank also filed certified statements with 

the Corporation showing for the six months ended on December 31,

1958, and June 30, 1959, respectively, its deposit assessment base 

and semiannual assessment for deposit insurance.

Data on the assets and liabilities of noninsured banks are also 

obtained and processed by the Corporation, making possible a tabulation covering assets and liabilities of all operating banks. The 

Corporation neither requests nor receives information on the 

income of noninsured banks.

Statistics on the income of insured banks are presented in Parts 

Four and Five of this report, along with data on the assets and 

liabilities of both insured and noninsured banks. Tabulations of 

reports of assets and liabilities classified by State are published 

semiannually by the Corporation in separate reports.

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12 FEDERAL DEPOSIT INSURANCE CORPORATION

L e g a l D e v e l o p m e n t s

Federal legislation. Three measures directly affecting Federal 

deposit insurance or insured banks were enacted during the first 

session of the 86th Congress and approved by the President on 

September 8, 1959. The three measures, enacted as amendments 

to previous statutes, are published in Part Three of this report.

One of the amendments modified the provision in the Federal 

Deposit Insurance Act of 1950 respecting the membership of the 

Acting Comptroller of the Currency on the Corporation’s Board of 

Directors. It provided that he shall be a member of the said Board 

in the place and stead of the Comptroller of the Currency in the 

event of a vacancy in that office and pending the appointment of 

his successor, or during the Comptroller's absence or disability.

The other two measures amended the statutes relating to national banks. One of them excluded from the limit on indebtedness 

of national banks any liability incurred under the provisions of the 

Federal Deposit Insurance Act. The other amendment transferred 

from the Comptroller of the Currency to the Corporation, when 

acting as a receiver of a national bank, certain functions in connection with the winding up of the business of the bank in receivership after the payment of all creditors and receivership expenses.

Rules and regulations of the Corporation. Effective October 1, 

1959, the regulation relating to the payment of interest was 

amended to permit insured nonmember commercial banks to pay 

interest at the maximum permissible rate from the first day of the 

month on a savings deposit received during the first ten calendar 

days in any month. The amendment, published in the Federal 

Register of September 1, 1959 (24 F. R. 7062), is given in Part 

Three of this report.

State legislation. Part Three also includes a summary of State 

banking legislation enacted in 1959.

A d m in is t r a t io n of t h e C o r p o r a tio n

Structure and employees. Management of the Corporation is 

vested in a three-member Board of Directors. Two members, one 

of whom serves as Chairman, are named by the President for terms 

of six years. The Comptroller of the Currency serves ex juris as 

a member of the Board. No changes occurred in Board membership during 1959.

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Federal Reserve Bank of St. Louis
ADMINISTRATION OF THE CORPORATION 13

The Corporation has its main office in Washington, D. C., located 

from the beginning in the National Press Building. During 1959 

it acquired a site in downtown Washington for construction of its 

own office building, and engaged architects to prepare building 

plans. District offices are maintained in 12 major cities which 

serve principally as regional centers for the conduct of bank 

examinations.

Corporation officials are listed on page v of this report, adjacent 

to an organization chart of the Corporation. The location and area 

of each District, with the names of the respective Supervising 

Examiners, are given on pages vi and vii.

Continued stability in employment characterized the personnel 

situation in 1959. From an average employment of 693 field bank 

examiners, 72 left the employ of the Corporation during 1959, 25 

going to financial institutions or to their supervisory agencies. 

This loss represented a turnover ratio of 10 employees per 100; 

the Corporation-wide ratio was 13 employees per 100, excluding 

temporary personnel engaged in field bank liquidation activities. 

The total of 1,235 employees at the end of the year was almost 

identical with that of a year earlier. About three-fourths of the 

employees continued to be assigned to the Division of Examination. 

A distribution of the Corporation's employees according to Division and location is presented in Table 6.

T a b le 6 . N u m b e r OF OFFICERS AND EMPLOYEES OF THE FEDERAL

D e p o s it I n s u r a n c e C o r p o r a t io n , D e c e m b e r 31,1959

Division Total Washington

office

District

and other

field

offices

1,235 305 930

Directors......................................................................................... 3 3

Executive Offices.......................................................................... 16 16

Legal Division............................................................................... 21 21

Division of Examination............................................................ 915 47 868

Division of Liquidation............................................................... 48 33 15

Division of Research and Statistics. . . . ......................... 47 47

Audit Division.............................................................................. 68 21 47

Office of the Controller............................................................... 117 117

Employee benefits and programs. The benefits generally available to Federal employees are extended to Corporation personnel. 

Chief among these benefits are vacation and sick leave, retirement 

annuities, life insurance, compensation for on-the-job injuries, 

and unemployment benefits. The 1 percent of employees who were 

not included in the Civil Service Retirement System at the end of 

1959 were covered by the Social Security Act, and 96 percent of

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Federal Reserve Bank of St. Louis
14 FEDERAL DEPOSIT INSURANCE CORPORATION

the eligible employees at the year-end had availed themselves of 

the group life insurance benefits provided by the Federal Employees’ Life Insurance Act of 1954.

In addition to the above benefits the Corporation provides certain benefits not generally associated with Federal employment. 

It provides hospitalization, surgical, and in-hospital medical benefits to its employees, who may individually extend such insurance 

to cover dependents by paying the additional cost. Facilities are 

provided for an employees’ credit union, which is particularly 

helpful to examiners, who are prohibited by law from borrowing 

from insured banks.

The educational program, originally established for examiners 

in 1946 and later extended to auditors and liquidators, has continued to enlist widespread participation. Consisting principally 

of correspondence courses conducted by the American Institute of 

Banking, the program also includes special graduate work at six 

universities. Over 400 examiners were enrolled in correspondence 

courses and nearly fifty were participating in graduate banking 

school courses at the end of 1959.

A new feature of the Corporation’s educational program is the 

assignment of a limited number of field examiners to the Washington office for special training in the analysis of municipal credits 

and the investment portfolios of banks. The program of Washington office assignments also includes short tours of duty as review examiners for selected members of the field staff. Both of 

these programs have demonstrated their effectiveness as an aid in 

the development of a versatile bank examination force. In addition, Corporation examiners and other staff members continue to 

participate as instructors and students at the Interagency Bank 

Examination School conducted jointly by the Federal bank supervisory agencies.

F i n a n c e s o f t h e C o r p o r a tio n

Assets and liabilities. Assets of the Corporation totaled $2,198 

million on December 31, 1959. All but $8 million consisted of 

United States Government securities and accrued interest. Assets 

which had been acquired in insurance operations were valued at 

$3 million, after provision for losses. Cash amounted likewise 

to $3 million, and most of the remaining $2 million was represented 

by the recently acquired building site.

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FINANCES OF THE CORPORATION 15

Net assessment income credits due insured banks comprised the 

principal liability item, accounting for $105 million of the $108 

million total. The excess of the Corporation's assets over its 

liabilities constitutes the deposit insurance fund, and amounted to 

$2,090 million at the year-end. Assets and liabilities of the Corporation on December 31, 1959, are presented in Table 7.

Table 7. A s s e t s a n d L ia b i l i t i e s of t h e F e d e r a l D e p o s it

I n s u r a n c e C o r p o r a t io n , D e c e m b e r 3 1 ,1 9 5 9

ASSETS

Cash........................................................................................................

U. S. Government obligations:

Securities at amortized cost (face value $2,181,496,000;

market or redemption value $2,037,939,884).......................

Accrued interest receivable...........................................................

Assets acquired in receivership and deposit assumption transactions:

Subrogated claims of depositors against closed banks...........

Net insured balances of depositors in closed banks, to be

subrogated when paid— contra..................................................

Loans to insured banks..................................................................

Loan to receiver for closed bank...................................................

Assets purchased under agreements to return any excess

recovery to selling banks.............................................................

Other purchased assets.....................................................................

Less— reserves for losses

Deferred charges and sundry assets.

Building site and planning costs-----

Furniture, fixtures, and equipment.

Total assets

LIABILITIES1 j!

Accounts payable and miscellaneous accrued liabilities...............j Earnest money, escrow funds, and collections held for others. . j

Accrued annual leave of employees...................................................|

Due insured banks: j Net assessment income credits available July 1, 1980.............!

Other.....................................................................................................|

Deferred credits......................................................................................

Net insured balances of depositors in closed banks— contra. .. .

Total liabilities

DEPOSIT INSURANCE FUND

Fund (See table l l ) 3....................................................

Total liabilities and fund

1 Capital stock was retired by payments to the United States Treasury in 1947 and 1948, pursuant

to the Acts of August 5, 1947, (61 Stat. 773) and June 29, 1948, (62 Stat. 1092).

3 The deposit insurance fund represents the cumulative net income (surplus) of the Corporation

from its inception to December 31, 1959. For the protection of depositors, in addition to this fund, the

Corporation is authorized to borrow up to three billion dollars from the United States Treasury when

in the judgment of the Board of Directors such funds are required for insurance purposes.

The relationship of the deposit insurance fund to the amount 

of deposits in insured banks for each year since 1934 is shown in 

Table 8. The ratio of the fund to deposits amounted to 0.84 percent 

at the end of 1959, slightly higher than at the end of 1958.

$ 2,907,240

$2,178,031,195

11,496,614 2,189,527,809

$ 3,072,121

166,752

1,539,775

250,000

5,676,822

6,834

$ 10,712,304

7,402,357 3,309,947

110,763

1,627,930

1

$2,197,483,690

$ 701,916

408,978

1,189,754

$ 99,647,325

5,577,861 105,225,186

659

166,752

$ 107,693,245

2,089,790,445

$2,197,483,690

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16 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 8 . INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND, 1934-1959

Year

(Dec. 31)

Deposits in

insured banks

(in millions) Percent

of

deposits

insured

Deposit

insurance

fund

(in

millions)

Ratio of deposit

insurance fund to—

Total Insured1 Total

deposits

Insured

deposits

1959................................................ $247,589 $142,131 57.4% $2,089.8 .84% 1.47%

1958............................................... 242,445 137,698 56.8 1,965.4 .81 1.43

1957............................................... 225,507 127,055 56.3 1,850.5 .82 1.46

1956............................................... 219,393 121,008 55.2 1,742.1 .79 1.44

1955............................................... 212,226 116,380 54.8 1,639.6 .77 1.41

1954............................................... 203,195 110,973 54.6 1,542.7 .76 1.39

1953................................................ 193,466 105,610 54.6 1,450.7 .75 1.37

1952............................................... 188,142 101,842 54.1 1,363.5 .72 1.34

1951............................................... 178,540 96,713 54.2 1,282.2 .72 1.33

1950............................................... 167,818 91,359 54.4 1,243.9 .74 1.36

1949............................................... 156,786 76,589 48.8 1,203.9 .77 1.57

1948............................................... 153,454 75,320 49.1 1,065.9 .69 1.42

1947............................................... 154,096 76,254 49.5 1,006.1 .65 1.32

1946............................................... 148,458 73,759 49.7 1,058.5 .71 1.44

1945............................................... 158,174 67,021 42.4 929.2 .59 1.39

1944............................................... 134,662 56,398 41.9 804.3 .60 1.43

1943............................................... 111,650 48,440 43.4 703.1 .63 1.45

1942............................................... 89,869 32,837 36.5 616.9 .69 1.88

1941............................................... 71,209 28,249 39.7 553.5 .78 1.96

1940............................................... 65,288 26,638 40.8 496.0 .76 1.86

1939............................................... 57,485 24,650 42.9 452.7 .79 1.84

1938............................................... 50,791 23,121 45.5 420.5 .83 1.82

1937............................................... 48,228 22,557 46.8 383.1 .79 1.70

1936............................................... 50,281 22,330 44.4 343.4 .68 1.54

1935............................................... 45,125 20,158 44.7 306.0 .68 1.52

1934............................................... 40,060 18,075 45.1 333.0 .83 1.84

1 Estimated by applying to the deposits in the various types of account at the regular call dates

the percentages insured as determined from special reports secured from insured banks, the latest of

which was for September 21, 1955.

Sources of income. The Corporation has two principal sources 

of income: assessments collected from insured banks, and interest 

on its holdings of United States Government obligations. Some 

incidental income is derived from assets acquired from closed 

insured banks.

The annual assessment rate of one-twelfth of 1 percent of assessable deposits has been in effect since 1935. However, the 1950 Act 

provided a credit against current assessments amounting to 60 percent of the prior year’s net assessment income. Net assessment 

income is the remainder after deducting from gross assessments 

the Corporation’s insurance losses and operating expenses. Under 

this arrangement, insured banks have received during the past 

decade assessment credits amounting to 56.32 percent of total 

assessments, thereby reducing the effective assessment rate to approximately one-twenty-seventh of 1 percent annually of deposits.

The sources and disposition of the Corporation’s income for each 

year since its establishment are presented in Table 9. Amounts of 

the two chief sources of income for each year are shown in Chart B.

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FINANCES OF THE CORPORATION 17

Table 9 . INCOME AND E x p e n s e s OF THE FEDERAL DEPOSIT INSURANCE

C o r p o r a t io n , b y Y e a r s , F r o m B e g i n n i n g o f O p e r a t io n s ,

S e p t e m b e r 11, 1933, to D e c e m b e r 31, 1959,

A d j u s t e d to D e c e m b e r 31,1959

(In millions)

Year

Income

Total

Deposit

insurance

Investments

and

other

sources

Expenses and losses

Total

Deposit

insurance

losses and

expenses

Interest

on capital

stock1

Administrative

and

operating

expenses

Net

income

added to

deposit

insurance

fund2

1933-59..

1959.........

1958.........

1957.........

1956.........

1955.........

1954.........

1953.........

1952.........

1951.........

1950.........

1949.........

1948.........

1947.........

1946.........

1945.........

1944.........

1943.........

1942.........

1941.........

1940.........

1939.........

1938.........

1937.........

1936.........

1935.........

1933-34..

$2,349.2

136.3

126.8

117.3

111.9

105.7

99.8

94.2

88.6

83.8

84.8

151.1

146.9

157.7

130.9

121.2

99.5

86.7

69.4

62.0

55.9

51.2

47.7

48.2

43.8

20.8

7.0

$1,671.18

78.4s

73.8s

69.1s

68.2s

66.1s

62.5s

60.2s

57.3s

54.3s

54.2s

122.7

119.3

114.4

107.0

93.7

80.9

70.0

56.5

51.4

46.2

40.7

38.3

38.8

35.6

11.5

(4)

$678.1

57.9

53.0

48.2

43.7

39.6

37.3

34.0

31.3

29.5

30.6

28.4

27.6

43.3

23.9

27.5

18.6

16.7

12.9

10.6

9.7

10.5

9.4

9.4

8.2

9.3

7.0

$259.4

12.4

11.6

9.7

9.6

9.0

7.8

7.3

7.8

6.9

7.8

6.4

7.3

10.4

10.4

9.7

9.7

10.2

10.3

10.1

12.9

16.4

11.3

12.2

10.9

11.3

10.0

$29.0

.5

$80.6

1.4

.3

.7

.1

.1

.1

.1

.2

.5

.6

3.5

7.2

2.5

3.7

2.6

2.8

.2

4.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.6

$149.8 $2,089.8

11.9 123.9

11.6 115.2

9.6 107.6

9.1 102.3

8.7 96.7

7.7 92.0

7.2 86.9

7.0 80.8

6.9 76.9

6.4 77.0

6.1 144.7

6.0 139.6

5.5 147.3

4.5 120.5

3.8 111.5

3.8 89.8

4.2 76.5

4.0 59.1

3.7 51.9

3.6 43.0

3.4 34.8

3.0 36.4

2.7 36.0

2.5 32.9

2.7 9.5

4.25 — 3.06

1 Paid in 1950 and 1951, but allocated among years to which it applies. Initial capital $289 million

was retired by payments to the United States Treasury in 1947 and 1948.

2 The amounts shown herein give effect to adjustments to the deposit insurance fund in the years

to which they are applicable, whereas the amounts of the Fund shown in Table 8 represent the Fund

as reported on the dates specified. Hence the deposit insurance fund reported in Table 8 cannot be computed by annual addition of income reported herein, except for the Fund as of December 31, 1959.

8 Net after deducting the portion of net assessment income credited to insured banks, pursuant to

provisions of the Federal Deposit Insurance Act of 1950. Since that time assessment credits to insured

banks have amounted to $830.8 million, equal to 56.324% of gross assessments.

4 Assessments collected from insured banks, members of the temporary insurance funds which became insured under the permanent plan, were credited to their accounts in total at the termination of

the temporary funds and were applied toward payment of subsequent assessments becoming due under

the permanent insurance fund, resulting in no income to the Corporation from assessments during the

existence of the temporary insurance funds.

5 Net after deducting the portion of expenses and losses charged to banks withdrawing from the

temporary insurance funds on June 30, 1934.

6 Deduction.

Income and its disposition in 1959. During 1959 the deposit 

insurance fund was augmented by the addition of net income of 

$124 million and $0.5 million of adjustments applicable to prior 

years. Total income for 1959, consisting of net insurance assessments of $78 million and income from investments and other 

income of $58 million, amounted to $136 million.

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18 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart B. INCOME OF THE FEDERAL DEPOSIT INSURANCE CORPORATION,

1933-1959

A breakdown of administrative and operating expenses is given 

in Table 10. Income, losses, and expenses of the Corporation in 

1959 and their effect upon the deposit insurance fund are presented 

in Table 11.

Table 10. ADMINISTRATIVE AND OPERATING EXPENSES OF THE FEDERAL

D e p o s it I n s u r a n c e C o r p o r a t io n fo r t h e Y e a r E n d e d D e c e m b e r 31,1959

Personal services......................................................................................................................... $ 8,179,748

521,101

2,197,659

17,538

88,618

463,150

86,609

52,656

87,049

201,887

Civil Service retirement fund and F.I.C.A. payments......................................................

Travel..........................................................................................................................................

Transportation of things...........................................................................................................

Communication services............................................................................................................

Rents and utilities.......................................................................................................................

Printing and reproduction........................................................................................................

Supplies and materials...............................................................................................................

Equipment....................................................................................................................................

Other contractual services......................................................................................................

Total.................................................................................................................... $11,896,015

9,022Less recoverable expenses and other credits..................................................................

Net administrative and operating expenses................................................................ $11,886,993

Assessments due the Corporation in 1959 totaled $178 million. 

Net assessment income, the amount remaining after deduction of 

operating losses and expenses, was $166 million. As provided by

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FINANCES OF THE CORPORATION 19

the 1950 statute, 40 percent of this amount, or $66 million, was 

retained by the Corporation and added to the insurance fund. The 

balance, amounting to $100 million, was credited and allocated 

among insured banks in proportion to their assessments which 

became due in 1959, and becomes available to them on July 1, 1960, 

for use in paying current insurance assessments. The current 

credit is equal to 55.95 percent of the 1959 assessment of each 

insured bank. The determination and distribution of net assessment income in 1959 is shown in Table 12.

Table 1 1. INCOME AND EXPENSES OF THE FEDERAL DEPOSIT INSURANCE

C o r p o r a t io n a n d C h a n g e s i n t h e D e p o s it I n s u r a n c e F u n d ,

F or t h e Y e a r E n d e d D e c e m b e r 3 1 ,1 9 5 9

i n c o m e a n d e x p e n s e s

Net income for the year ended December 31, 1959:

Income:

Deposit insurance assessments.................................................

Less net assessment income credit due insured banks

(see table 12)............................................................................

Net income from U. S. Government securities....................

Other income................................................................................

Total income................................................................

Expenses and losses:

Administrative and operating expenses (see table 1 0 .) ....

Provision for reserves for insurance losses............................

Other insurance losses and expenses.......................................

Total expenses and losses.........................................

Net income (addition to the deposit insurance fund)

for the year ended December 31, 1959........................

DEPOSIT INSURANCE FUND

Deposit insurance fund, December 31, 1958.........................

Adjustments applicable to periods prior to January 1, 1959

(increasing the fund):

By reduction of provisions for reserves for insurance losses

(net):

Applicable to net assessment income (net)...........................

Not applicable to net assessment income (net)...................

By additional assessments (net)..................................................

Net adjustments..................................................................

Deposit insurance fund, December 31, 1958, as adjusted

Net income for the year ended December 31,1959 (see above)—

addition to the fund...............................................................

Deposit insurance fund, December 31, 19591........................

1 See footnote 2, table 7.

Audit. The Audit Division of the Corporation makes a continuous audit of its financial operations. Audits by outside firms 

or agencies have been made annually from the beginning, first by 

private firms, and since 1945 by the General Accounting Office.

$178,091,611

99,641,896

$ 78,449,715

57,816,446

19,814

$ 136,285,975

$ 11,886,993

412,763

91,256

12,391,012

$ 123,894,963

$1,965,445,610

$ 369,227

22,476

$ 391,703

58,169

449,872

$1,965,895,482

123,894,963

$2,089,790,445

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20 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 12. DETERMINATION AND DISTRIBUTION OF NET ASSESSMENT INCOME

o f t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n fo r t h e

Y e a r E n d e d D e c e m b e r 31,1959

Determination of net assessment income:

Total assessments which became due during the calendar year.

Less:

Administrative and operating expenses...................................

Net additions to reserves to provide for insurance losses:

Provided in 1959........................................................................

Adjustments to provisions for reserves made prior to

1959 (reduction)....................................................................

Other insurance losses and expenses.........................................

Total deductions...........................................................

Net assessment income for 1959................................................

Distribution of net assessment income,

December 31, 1959:

Net assessment income for 1959:

40 percent transferred to deposit insurance fund..................

Balance credited to insured banks............................................

Total................................................................................

Allocation of net assessment income credit among

insured banks, December 31, 1959:

Credit for 1959.................................................................................

Adjustment of credits for prior years.........................................

Total..............................................................................

$ 412,763

369,2271

$178,091,611

11,886,993

43,536

91,256

$ 12,021,785

$166,069,826

$ 66,427,930

99,641,896

$166,069,826

Percent of total

assessments becoming due in 1959

$99,641,896

5,429

55.949%

.003

$99,647,325 55.952%

1 Deduct.

The short form of the audit report for the year ended June 30, 

1959, as furnished by the Comptroller General, is presented in 

Table 13.

Table 1 3. A u d it R ep o r t o f t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n fo r t h e F is c a l Y e a r E n d e d J u n e 30,1959

C o m p t r o l l e r G e n e r a l o f t h e U n it e d S t a t e s

W a s h i n g t o n 25

B-114831 November 30, 1959

To

Federal Deposit Insurance Corporation

Washington, D. C.

The General Accounting Office has made an audit of the Federal Deposit

Insurance Corporation, an independent Government agency, for the fiscal

year ended June 30, 1959, pursuant to section 17 (b) of the Federal Deposit

Insurance Act (12 U.S.C. 1827).

Our audit included an examination of the Corporation’s statement of

financial condition as of June 30, 1959, and of the related statement of income

for the year then ended, in accordance with generally accepted auditing standards and such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances and appropriate in

view of the effectiveness of the system of internal control and the work

performed by the Corporation’s internal auditors.

The Corporation’s accumulated net income has been retained as a deposit

insurance fund and is available for future deposit insurance losses. We are

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FINANCES OF THE CORPORATION 21

unable to express an opinion on the adequacy of the fund to meet future

losses because the amount that may be needed is dependent on future economic

conditions which cannot be predicted.

In our opinion, subject to the foregoing comments, the accompanying

financial statements (exhibits 1 and 2) present fairly the financial position

of the Federal Deposit Insurance Corporation at June 30, 1959, and the

results of its operations for the year then ended, in conformity with generally

accepted accounting principles applied on a basis consistent with that of the

preceding year and with applicable Federal laws.

/s / Joseph C a m p b ell

Comptroller General

of the United States

Exhibit 1. F ederal D eposit I n s u r a n c e C orporation,

S t a t e m e n t of F in a n c ia l C o n d it io n , J u n e 3 0 ,1 9 5 9

ASSETS

Cash.......................................................................................................

U. S. Government obligations:

Securities, at amortized cost (face value, $2,158,000,000;

market or redemption value $2,033,984,820).......................

Accrued interest receivable...........................................................

Assets acquired in deposit assumption and receivership

transactions:

Subrogated claims of depositors against closed insured banks

Net balances of depositors in closed insured banks, to be

subrogated when paid— contra................................................

Loans to insured banks and to receiver of closed insured bank

Equity in assets acquired under purchase agreements...........

Assets purchased outright.............................................................

Less estimate for losses..................................................................

Accounts receivable, deferred charges, and sundry

assets.............................................................................................

Furniture, fixtures, and equipment, less accumulated

depreciation of $706,530............................................................

Total assets..................................................................

LIABILITIES AND DEPOSIT INSURANCE FUND

Accounts payable and accrued liabilities..............................

Earnest money, escrow funds, and collections held for

others............................................................................................

Employees’ accrued annual leave.............................................

Deferred credits..................................................................................

Net balances of depositors in closed insured banks—

contra............................................................................................

Net assessment income credits due insured banks (note 1):

Available July 1, 1959.....................................................................

Estimated amount available July 1, 1960, from net assessment income for 6 months ended June 30, 1959...................

Total liabilities............................................................

Deposit insurance fund, accumulated income available for

future deposit insurance losses (note 2):

Balance, July 1, 1958.......................................................................

Net income for fiscal year 1959 (exhibit 2 ).............................. .

Balance, June 30, 1959..............................................

Total liabilities and deposit insurance fund..........

$2,154,272,103

11,303,313

2,533,415

331,402

1,810,572

5,692,465

6,846

$ 10,374,700

7,592,783

93,208,458

49,670,567

1,907,186,389

119,517,391

3,757,908

2,165,575,416

2,781,917

109,830

1

$2,172,225,072

691,691

401,684

1,212,423

5,067

331,402

142,879,025

$ 145,521,292

$2,026,703,780

$2,172,225,072

The notes following exhibit 2 are an integral part of this statement.

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22 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 13. A u d it R ep o rt o f t h e F e d e ra l D ep osit In s u r a n c e C orp oration

fo r t h e F is c a l Y e a r E nded J u n e 30, 1959— Continued

Exhibit 2. F e d e r a l D ep osit In s u ra n c e C orp oration , S ta t e m e n t o f

Incom e, F is c a l Y e a r E nded J u n e 3 0 ,1 9 5 9

Incom e:

Deposit insurance assessments.......................................................

Less net assessment income credits due insured banks (note 1)

Income from U. S. Government securities.

Other income.....................................................

Total income................................

Expenses and losses:

Administrative and operating expenses:

Salaries.......................................................

Travel............ ............................................

Rents and utilities...................................

Other..........................................................

Nonrecoverable deposit insurance expenses................................

Estimated loss on banking assets acquired in deposit assumption and receivership transactions............................................

Total expenses and losses.

Net Income for the fiscal year 1959— transferred to deposit

insurance fund (exhibit 1)...........................................................

8,058,079

2,124,031

462,103

1,051,143

$11,695,356

50,526

426,986

$173,974,124

97,070,288

76,903,836

54,741,388

45,035

$131,690,259

$ 12,172,8

$119,517,391

The following notes are an integral part of this statement.

N o te s to t h e F i n a n c i a l S t a t e m e n t s — J u n e 30, 1959

1. The Federal Deposit Insurance Act (12 U.S.C. 1817(d)) provides that insured banks shall be

allowed against current semiannual insurance assessments pro rata credits totaling 60 percent of the

Corporation’s net assessment income (as defined by the act) for the prior calendar year. At June 30, 1959,

the amounts due the banks for net assessment income credits totaled $142,879,025 which comprised

credits of $93,208,458 for calendar year 1958 and prior years and estimated credits of $49,670,567 for

the first 6 months of calendar year 1959.

2. The deposit insurance fund of $2,026,703,780 at June 30, 1959— equivalent to 1.48 percent

of the insured deposits in all banks, estimated by the Corporation at 137 billion dollars— is available

for future deposit insurance losses and related expenses. The existing law does not specify either the

amount or the ratio of insured deposits to which the insurance fund is to be accumulated.

The fund is not a measure of the deposit insurance risk. Its adequacy to meet future losses is dependent on future economic conditions which cannot be predicted. The Corporation from its inception

to June 30, 1959, has made disbursements of about $347,300,000 in protecting depositors of 438 insured

banks and facilitating the termination of liquidations. The Corporation’s accumulated losses amount to

about $29,100,000, including estimated losses of $7,593,000 on cases not terminated at the close of fiscal

year 1959.

The Corporation is authorized to borrow from the United States Treasury up to 3 billion dollars

outstanding at any one time when, in the judgment of the board of directors, such funds are required

for insurance purposes. The Corporation has never used this borrowing authority.

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PART TWO

ASSET AND LIABILITY CHARACTERISTICS OF INSURED

COMMERCIAL BANKS GROUPED BY SIZE, JUNE 10, 1959

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A ss e t a n d L ia b il it y C h a r a c t e r is t ic s op I n s u r e d C o m m e r c ia l

B a n k s Gr o u ped b y S iz e , J u n e 10, 1959

The reports of assets and liabilities submitted by insured commercial banks as of June 10, 1959, have been tabulated with the 

banks classified by size. Such a classification permits observation 

of similarities and differences in the asset, liability, and capital 

accounts of banks in the various size groups. A similar tabulation 

was made from the asset and liability reports for June 30, 1954, 

and published in the Annual Report of the Corporation for 1954, 

pages 61-84.

Banks have been classified into eleven size groups, ranging from 

those with deposits of less than $1 million to those with deposits 

of more than $1,000 million. The tabulation for the entire United 

States for June 10, 1959, showing the aggregate dollar amounts 

for various asset and liability items in each of the size groups, is 

given in Table 21, pages 54-57; and similar tabulations for each 

State, in more condensed form, in Table 22, pages 58-73.

The asset and liability data by size groups of banks for the entire 

United States have been analyzed to show: (1) the proportion of 

the aggregate amounts of various asset, liability, and capital items 

of all insured commercial banks that were held by the banks in each 

of the eleven size groups; and (2) for the banks within each size 

group, the relative importance of various items among total assets, 

total liabilities, and total capital accounts. In addition, tabulations 

have been made of the number of banks in each size group distributed according to 44 selected ratios which show relationships 

between various items in their statements.

D is t r ib u t io n s op A s s e t s , L ia b il it ie s , a n d Ca p it a l A c c o u n t s

op I n s u r e d C o m m e r c ia l B a n k s a m o n g Size G r o u ps op B a n k s

The banking system of the United States includes, on one hand, 

a great number of banks which hold a comparatively small portion 

of the assets owned by all banks and, at the other extreme, a few 

large institutions whose assets constitute a substantial portion of 

the total. Thus, on June 10, 1959, there were more than 10,000 

insured commercial banks, each of which had deposits of $10 million or less, and although these banks comprised approximately 

four-fifths of the total number of banks, their aggregate assets 

amounted to only about one-sixth of the assets of all banks. On the 

same date, 107 banks, each with deposits of more than $250 million, 

held almost half of all bank assets.

25

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26 FEDERAL DEPOSIT INSURANCE CORPORATION

Distributions of banks in various size groups and of their assets 

as of June 30, 1954, and June 10, 1959, are shown in Chart C and 

Table 14. Chart D shows the percentage of number and total assets 

of insured commercial banks in each size group on those dates.

Chart C. N u m b e r a n d T o t a l A s s e t s o f I n s u r e d C o m m e r c ia l B a n k s

G r o u p e d b y D e p o s it S iz e , J u n e 30, 1954, a n d J u n e 10, 1959

Table 14. PERCENTAGE DISTRIBUTIONS OF INSURED COMMERCIAL BAN K S

A n d T h e i r A g g r e g a te A s s e t s A m o n g S i z e G r o u p s,

J u n e 30,1954, a n d J u n e 10,1959

1954 1959

Number of banks Total assets Number of banks Total assets

Number

Percent

of

total

Amount

(in

millions)

Percent

of

total

Number

Percent

of

total

Amount

(in

millions)

Percent

of

total

All insured com ­

mercial banks 13,400 100.0% $188,643 100.0% 13,097 100.0% $232,487 100.0%

Banks with deposits

(in millions of

dollars) of—

Less than 1 ........... 2,002

3,084

4,340

2,012

1,189

369

14.9 1,558

4,989

15,158

15,339

19,609

13,687

14,209

19,983

18,317

16,985

48,809

.8 1,397 10.7 1,153

4,387

15,635

.5

1 to 2 ..................... 23.0 2.7 2,657

4,345

2,288

1,466

462

20.3 1.9

2 to 5 ..................... 32.4 8.0 33.2 6.7

5 to 10................... 15.0 8.1 17.5 17,567

24,232

17,250

17,333

26,075

23,915

21,391

63,549

7.6

10 to 25................. 8.9 10.4 11.2 10.4

25 to 50................. 2.8 7.3 3.5 7.4

50 to 100............... 189 1.4 7.5 224 1.7 7.5

100 to 250............. 123 .9 10.6 151 1.1 11.2

250 to 500............. 50 .4 9.7 60 .5 10.3

500 to 1,000.......... 24 .2 9.0 28 .2 9.2

1,000 or more. . . . 18 .1 25.9 19 .1 27.3

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ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS 27

Chart D. PERCENTAGE DISTRIBUTIONS OF NUMBER AND TOTAL ASSETS OF

I n s u r e d C o m m e r c ia l B a n k s G r o u p e d b y D e p o s it S iz e ,

J u n e 30,1954, a n d J u n e 10,1959

PERCENT OF BANKS

40__________ 30__________ 20

1954

1 1959

L E SS THAN 2 1

2 TO 10

DE2 ? , ! I ,S ’ f E PERCENT OF TOTAL ASSETS 0 (Millions of o ,0 20 30

Dollars) i ~ - -----------------------------------------------------

1000 OR MORE i

31954

1)959

■ i p

m m m

m m

Major categories of assets and liabilities. Shown in Table 15 are 

percentage distributions, among banks in the various size groups, 

of total assets and of various categories of assets held June 10,

1959. On that date there were only moderate differences in the 

distributions of total assets and of major asset categories. Banks 

with deposits of $250 million or more held in excess of one-half the 

net loans and discounts, the cash and funds due from banks, and 

the fixed and miscellaneous assets, whereas more than one-half of 

the securities were in medium sized and small banks.

Chart E shows that between 1954 and 1959 loans and discounts 

became a larger percentage of total assets while cash and securities 

became smaller proportions. Demand deposits were a smaller proportion of total liabilities and capital in 1959 than in 1954, while 

time deposits, other liabilities, and capital accounts each constituted a higher percentage.

Types of loans and securities. Percentage distributions of the 

various types of gross loans among banks in the various size groups 

are also shown in Table 15, together with more detailed breakdowns of real estate loans and of loans to individuals for household, family, and other personal expenditures.

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Table 15. ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS OF INSURED COMMERCIAL BANKS, JUNE 10, 1959

PERCENTAGE DISTRIBUTIONS OF AGGREGATES FOR ALL BANKS AMONG BANKS GROUPED BY SIZE

Amount

(in

millions)1

Banks with deposits (in millions of dollars) of—

Item Total Less

than 1 1 to 2 2 to 5 5 to 10 10 to 25 25 to 50

50 to

100

100 to

250

250 to

500

500 to

1,000

1,000 or

more

13,097 1,397 2,657 4,345 2,288 1,466 462 224 151 60 28 19

Total assets2....................................................................... $232,487 100.0% •5% 1.9% 6.7% 7.6% 10.4% 7.4% 7.5% 11.2% 10.3% 9.2% 27.3%

Loans and discounts (net)........................................... 103,282

61,464

16,790

3,605

42,687

4,659

105,292

100.0 .4 1.7 5.9 6.8 9.5 6.9 7.1 11.2 10.7 9.6 30.2

U. S. Government obligations.................................... 100.0 .7 2.5 8.4 9.0 12.3 8.6 8.1 11.0 9.2 8.0 22.2

Obligations of States and subdivisions..................... 100.0 .3 1.5 7.4 9.5 12.5 8.5 8.8 10.4 8.9 8.6 23.6

Other securities............................................................... 100.0 .8 3.1 10.3 10.7 12.9 8.4 7.1 10.6 8.8 6.8 20.5

Cash and funds due from banks................................ 100.0 .5 1.7 6.0 6.6 9.2 6.5 7.0 11.8 11.7 10.2 28.8

Fixed and miscellaneous assets................................... 100.0 .2 .9 4.0 5.2 8.6 6.8 6.8 10.6 9.9 9.3 37.7

Loans and discounts (gross)5..................................... 100.0 .4 1.7 5.9 6.7 9.5 6.9 7.1 11.3 10.7 9.6 30.2

Commercial and industrial loans............................... 41,627

5,057

4,201

26.648

22.352

1,850

3,557

26.648

1,537

9,035

10,318

5,758

22.352

7,484

2,417

2,250

3,425

6,776

100.0 .1 .5 2.2 3.3 5.9 5.1 6.2 11.5 11.8 11.9 41.5

Agricultural loans (excluding real estate)............. 100.0 4.3 12.9 30.1 17.3 10.3 3.7 3.1 3.9 2.9 3.8 7.7

Loans for carrying securities....................................... 100.0 (4)

.5

.2 .9 1.8 3.5 3.2 4.9 11.5 9.8 10.9 53.3

Rela estate loans............................................................ 100.0 2.0 8.3 10.3 13.8 9.2 7.8 10.5 9.2 7.8 20.6

Other loans to individuals........................................... 100.0 .4 1.5 6.3 8.4 13.2 9.8 9.6 13.5 11.8 8.8 16.7

Loans to banks................................................................ 100.0 (4)

.2

(4)

.6

.1 .1 .2 .3 3.6 8.4 9.7 6.6 71.0

All other loans................................................................. 100.0 2.4 3.5 6.1 5.6 7.4 12.3 13.3 10.6 38.0

Total real estate loans.................................................. 100.0 .5 2.0 8.3 10.3 13.8 9.2 7.8 10.5 9.2 7.8 20.6

Loans on farm land....................................................... 100.0 3.1 11.1 31.3 20.9 13.1 4.2 3.6 3.2 1.3 2.7 5.5

Loans on residential properties:

Insured or guaranteed by FHA or V A ................ 100.0 .1 .5 3.2 5.2 8.8 7.7 6.6 11.7 12.3 11.4 32.5

Not insured or guaranteed by FHA or V A ........

Loans on other properties............................................

100.0

100.0

.5

.2

2.5

1.1

10.7

5.9

13.8

9.3

17.5

15.2

10.2

11.1

7.5

11.3

9.1

13.2

7.5

9.4

5.5

7.6

15.2

15.7

Total consumer loans................................................... 100.0 .4 1.5 6.3 8.4 13.2 9.8 9.6 13.5 11.8 8.8 16.7

Instalment loans:

Retail automobile loans........................................... 100.0 .5 1.9 7.3 9.6 15.1 10.6 9.9 12.0 10.0 9.2 13.9

Loans for retail purchase of other goods............. 100.0 .3 1.4 6.6 8.7 12.7 9.2 9.1 12.7 12.1 9.3 17.9

Repair and modernization loans............................ 100.0 .1 .5 3.0 5.7 11.9 11.0 10.7 14.8 14.5 10.1 17.7

Other instalment loans............................................. 100.0 .3 1.5 6.6 9.5 14.3 10.0 9.1 13.6 9.2 6.8 19.1

Single payment loans.................................................... 100.0 .4 1.6 6.0 7.3 11.1 8.5 9.3 14.9 14.3 8.8 17.8

FEDERAL DEPOSIT INSURANCE CORPORATION

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Total U. S. Government obligations......................

Direct obligations:

Total bills, notes, certificates and

61,464 100.0 .7 2.5 8.4 9.0 12.3 8.6 8.1 11.0 9.2 8.0 22.2

nonmarketable bonds....................................... 24,823 100.0 .8 3.0 9.7 9.8 12.2 8.3 7.6 11.0 8.6 7.8 21.2

Treasury bills.......................................................... 5,035 100.0 1.0 3.2 11.1 11.5 13.3 7.8 5.7 6.1, U.6 6.9 28.5

Treasury certificates of indebtedness................... U,69S, 100.0 1.0 3.1 9.3 9.5 11.6 7.7 7.5 11,.0 11.0 7.7 17.6

Treasury notes......................................................... 13,9^0 100.0 .6 2.5 8.2 8.1, 11.6 8.7 8.5 12.0 9.5 8.7 21.3

U. S. non-marketable bonds.................................. 1,15 U 100.0 2.3 8.8 2U-1 18.6 17.U 8.5 5.1, 7.0 3.9 1.1, 2.6

Marketable bonds maturing in 5 years or less. . 23,931 100.0 .6 2.2 7.8 8.6 12.6 9.1 8.6 11.3 9.2 8.1 21.9

Total marketable bonds maturing after 5 years. .

Marketable bonds maturing:

12,700 100.0 .5 1.9 7.0 8.5 11.9 8.5 7.9 10.5 10.4 8.3 24.6

In 5 to 10 years.......................................................... 8,246 100.0 .5 1.8 6.7 8.3 11.1 8.1 7.9 10.1 10.6 8.3 26.6

In 10 to 20 years........................................................ 3,945 100.0 .5 2.0 7.4 9.0 13.3 9.5 8.0 10.9 10.2 8.8 20.4

After 20 years............................................................. 509 100.0 1.0 1.9 7.8 7.7 13.1 7.7 7.5 13.7 9.9 5.2 24.5

Guaranteed obligations................................................. 10 100.0 (4) .9 5.2 7.9 8.8 6.7 6.2 2.9 5.8 11.9 43.7

Total deposits5.................................................................. 206,706 100.0 .5 1.9 6.8 7.7 10.7 7.6 7.6 11.3 10.3 9.2 26.4

Business and personal deposits, total....................... 174,085 100.0 .5 2.0 7.2 8.1 11.3 8.0 7.6 10.9 9.9 9.0 25.5

Demand6........................................................................ 112,559 100.0 .6 2.0 6.7 7.1 10.0 7.2 7.3 11.0 10.8 9.3 28.0

Time and savings........................................................ 61,526 100.0 .If. 2.0 8.1 10.0 13.5 9.1, 8.1 10.7 8.3 8.6 20.9

Interbank deposits......................................................... 15,360 100.0 (4) .1 .4 .6 2.1 2.6 5.5 14.3 13.9 13.4 47.1

Government deposits7................................................... 17,261 100.0 .7 2.6 9.1 10.1 12.4 8.1 9.0 12.6 10.7 7.3 17.4

Total capital accounts.................................................. 18,793 100.0 .8 2.4 7.6 7.7 9.8 6.6 7.0 10.4 9.9 8.9 28.9

Capital stock, notes, and debentures........................ 5,690 100.0 .9 2.2 6.8 7.2 9.8 7.1 7.4 11.0 10.2 9.1 28.3

Surplus.............................................................................. 8,976 100.0 .6 1.9 6.3 6.7 8.9 6.0 6.7 10.6 10.7 9.3 32.3

Undivided profits and reserves................................... 4,127 100.0 1.1 3.9 11.5 10.4 11.7 7.1 7.1 9.4 8.0 7.6 22.2

1 The amounts of every item listed below are shown for the banks in each size group in Table 21, pp. 54-57.

5 For distributions of similar data as of June 30, 1954, see Table 37, page 62 of Annual Report for 1954.

* For distributions of similar data as of June 30, 1954, see Table 38, page 64 of Annual Report for 1954. The very slight differences between this distribution and that for net

loans and discounts given above are due to the fact that valuation reserves are not the same proportion of gross loans in all size groups.

4 Less than .05 percent.

8 For distributions of similar data as of June 30, 1954, see Table 39, page 66 of Annual Report for 1954.

6 Demand deposits of individuals, partnerships, and corporations, plus certified and officers’ checks, cash letters of credit and travelers’ checks outstanding and amounts due to

Federal Reserve banks.

7 Includes postal savings deposits.

ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

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30 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart E. PERCENTAGE DISTRIBUTIONS OF TOTAL ASSETS, LIABILITIES, AND

Ca p it a l A c c o u n t s o f I n s u r e d C o m m e r c ia l B a n k s ,

J u n e 30,1954, a n d J u n e 10,1959

Commercial and industrial loans, which comprise the largest 

category of loans, were concentrated in the larger banks with 

almost two-thirds being held by banks having deposits of $250 

million or more. Since banks in the largest size class are located in 

financial centers, they hold major portions of loans to banks and 

loans for carrying securities. Such loans, however, represent a 

relatively small proportion of total loans and discounts.

By way of contrast, the smaller banks, most of which are located 

in the trading centers of agricultural areas, held the bulk of the 

loans to farmers. Indeed, almost two-thirds of such loans were in 

banks with less than $10 million in deposits.

Real estate loans also tend to be less concentrated in the larger 

banks than are total loans, although not to the same degree as are 

agricultural loans. However, when the various components of total 

real estate loans are examined, it is apparent that banks with 

deposits of less than $10 million held approximately the same 

proportion of the loans on farm land as they held of other agricultural loans. Of the loans secured by residential properties, those

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ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS 31

insured or guaranteed by the Federal Housing Administration or 

the Veterans Administration were held primarily by the larger 

banks, while more than half the conventional loans were held by 

banks with deposits of less than $50 million. Loans secured by 

real estate other than farm land or residential property were held 

largely by banks of medium size.

The proportion of loans to individuals for household, family, and 

other personal expenditures held by the largest banks was much 

less than was their share of total loans. Relatively more of the 

loans to individuals were held by medium sized banks. Of the various categories of such loans the largest holdings of the small banks 

were of retail automobile loans, while the banks of medium and 

large size held most of the repair and modernization loans.

In comparison with the distribution of total United States Government obligations banks with deposits of less than $10 million 

held a greater proportion of the bills, notes, certificates, and nonmarketable bonds. Banks with deposits of $10 million to $250 million had a larger share of marketable bonds maturing in five years 

or less, while banks with deposits of $250 million or more held a 

greater share of bonds maturing after five years. The guaranteed 

obligations were held to a considerable degree by large banks.

Deposits and capital accounts. Of the deposits of business and 

individuals, banks in most of the size groups below $100 million 

held greater shares of time and savings deposits than of demand 

deposits. Almost nine-tenths of the interbank deposits were held 

by banks of $100 million or more total deposits, a majority of which 

are located in the larger centers of population. On the other hand, 

those banks held less than one-half the government deposits.

The distributions of capital accounts show that, compared with 

the percentages of total capital, the banks of medium and large 

size had more of the capital stock and surplus, while percentages 

of undivided profits and reserves were higher for smaller banks.

D is t r ib u t io n s of A s s e t s, L ia b il it ie s , a n d Ca p it a l A c c o u n t s

w i t h i n Siz e G ro u ps of B a n k s

In the preceding section of this study attention was focused on 

the distribution of aggregate amounts of asset, liability, and 

capital items among various size groups of banks. The approach 

in this section is the determination of the percentage which each 

item constitutes of the total within each size group. Table 16 shows 

distributions within size groups of various asset, liability, and 

capital items as of June 10, 1959.

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PERCENTAGE DISTRIBUTIONS OF AGGREGATES FOR EACH SIZE GROUP AMONG TYPES

Table 16. ASSETS, L ia b il it ie s, AND CAPITAL ACCOUNTS OF INSURED COMMERCIAL BANKS

I n B a n k s Grouped By S iz e , J u n e 10,1959

OF ASSETS, LIABILITIES, AND CAPITAL ACCOUNTS

Banks with deposits (in millions of dollars) of—

Item All

banks

1 or

less 1 to 2 2 to 5 5 to 10 10 to 25 25 to 50 50 to

100

100 to

250

250 to

500

500 to

1,000

More

than

1,000

Number of banks....................................................... 13,097 1,397 2,657 4,345 2,288 1,466 462 224 151 60 28 19

Am ount of total assets (in ’millions)2............... $232,487 $1,154 $4,387 $15,634 $17,567 $24,232 $17,250 $17,333 $26,075 $23,915 $21,391 $63,549

Percentage distributions of assets within

size groups of insured commercial

banks1

Total assets................................................................... 100.0%

18.4

100.0%

17.7

100.0%

16.5

100.0%

16.4

100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Cash and funds due from banks.................... 16.0 16.1 16.0 17.2 19.4 20.9 20.4 19.4

Securities................................................................... 35.2 41.6 42.8 43.3 42.9 41.8 40.8 38.7 34.2 31.1 31.0 28.8

U. S. Government obligations........................... 26.4 34.7 34.7 33.0 31.6 31.2 30.8 28.6 26.0 23.6 23.1 21.4

Obligations of States and subdivisions........... 7.2 4.4 5.6 7.9 9.1 8.7 8.3 8.6 6.7 6.2 6.7 6.2

Other securities..................................................... 1.6 2.5 2.5 2.4 2.2 1.9 1.7 1.5 1.5 1.3 1.2 1.2

Loans and discounts, n et.................................. 44.4 39.8 39.8 39.1 39.7 40.4 41.4 42.3 44.5 46.1 46.6 49.0

Valuation reserves.................................................... .9 .3 .3 .5 .6 .7 .9 .9 1.0 .8 .9 1.1

Loans and discounts, gross.............................. 45.3 40.1 40.1 39.6 40.3 41.1 42.3 43.2 45.5 46.9 47.5 50.1

Commercial and industrial................................. 17.9 3.4 4.3 5.9 7.9 10.1 12.3 14.9 18.3 20.5 23.2 27.2

Agricultural (excluding real estate)................. 2.2 18.8 14.9 9.7 5.0 2.2 1.1 .9 .8 .6 .9 .6

For carrying securities......................................... 1.8 .2 .2 .2 .4 .6 .8 1.2 1.9 1.7 2.2 3.5

Real estate.............................................................. 11.5 9.9 12.3 14.2 15.6 15.2 14.2 12.0 10.7 10.3 9.7 8.7

Other loans to individuals.................................. 9.6 7.3 7.9 9.0 10.7 12.1 12.7 12.3 11.5 11.1 9.2 5.9

All other loands..................................................... 2.3 .5 .5 .6 .7 .9 1.2 1.9 2.3 2.7 2.3 4.2

Fixed and miscellaneous assets...................... 2.0 .9 .9 1.2 1.4 1.7 1.8 1.8 1.9 1.9 2.0 2.8

FEDERAL DEPOSIT INSURANCE CORPORATION

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Am ount of total gross loans (in millions)4. ..

Percentage distributions of loans and

discounts within size groups of insured commercial banks3

105,292 463 1,760 6,185 7,087 9,964 7,289 7,485 11,860 11,219 10,163 31,818

Loans and discounts, n et....................................... 98.1% 99.3% 99.0% 98.7% 98.5% 98.2% 98.0% 98.0% 97.9% 98.2% 98.0% 97.9%

Valuation reserves......................................................... 1.9 .7 1.0 1.3 1.5 1.8 2.0 2.0 2.1 1.8 2.0 2.1

Loans and discounts, gross................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Commercial and industrial loans.................. 39.5 8.5 10.8 14.8 19.6 24.6 29.1 34.4 40.2 43.8 48.9 54.4

Agricultural loans (excluding real estate)..

Loans to farmers directly guaranteed by

4.8 46.9 37.1 24.6 12.4 5.2 2.6 2.1 1.7 1.3 1.9 1.2

Commodity Credit Corporation................... .2 5.2 3.0 1.8 .6 .2 .1 .1 (5) (5) (5) (5) Other loans to farmers (excluding real estate). 4.6 41.7 34.1 22.8 11.8 5.0 2.5 2.0 1.7 1.3 1.9 1.2

Loans for carrying securities........................... 4.0 .3 .4 .6 1.0 1.5 1.8 2.7 4.1 3.7 4.5 7.0

Loans to brokers and dealers in securities. . . 2.2 (5) .1 .1 .1 .3 .5 1.0 1.5 1.5 1.9 5.1

Other loans for carrying securities................... 1.8 .3 .3 .5 .9 1.2 1.3 1.7 2.6 2.2 2.6 1.9

Real estate loans.................................................... 25.3 24.8 30.7 35.9 38.8 37.0 33.7 27.8 23.6 21.8 20.4 17.3

On farm land.........................................................

On residential properties:

1.4 10.1 9.7 7.8 4.5 2.0 .9 .7 .4 .2 .4 .3

Insured or guaranteed by FHA or V A . . . . 8.6 1.8 2.8 4.7 6.6 8.1 9.5 8.0 8.9 9.9 10.1 9.2

Not insured or guaranteed by FHA or VA. 9.8 10.6 14.7 17.9 20.1 18.1 14.5 10.4 7.9 6.9 5.6 4.9

On other properties.............................................. 5.5 2.3 3.5 5.5 7.6 8.8 8.8 8.7 6.4 4.8 4.3 2.9

Other loans to individuals................................ 21.2 18.2 19.8 22.7 26.5 29.5 29.9 28.6 25.4 23.6 19.4 11.8

Retail automobile instalment paper................ 7.1 8.0 8.3 8.8 10.1 11.3 10.9 9.9 7.6 6.7 6.8 3.3

Other retail instalment paper............................ 2.3 1.5 2.0 2.6 3.0 3.1 3.0 2.9 2.6 2.6 2.2 1.4

Repair and modernization instalment loans. . 2.1 .4 .6 1.1 1.8 2.7 3.4 3.2 2.8 2.9 2.2 1.2

Instalment cash loans......................................... 3.3 2.5 2.9 3.6 4.6 4.9 4.7 4.2 3.9 2.8 2.3 2.1

Single-payment loans........................................... 6.4 5.8 6.0 6.6 7.0 7.5 7.9 8.4 8.5 8.6 5.9 3.8

Loans to banks....................................................... 1.8 (5) (5) (5) (5) (5) .1 .9 1.3 1.6 1.2 4.1

All other loans........................................................ 3.4 1.3 1.2 1.4 1.7 2.2 2.8 3.5 3.7 4.2 3.7 4.2

CO

COASSET AND LIABILITY STRUCTURES WITHIN SIZE GROUPS

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CO0^

Table 1 6 . A s s e t s, L ia b il it ie s, a n d Ca p it a l A c c o u n ts of I n su r e d C o m m e r c ia l B a n k s

I n B a n k s Grouped B y Size , Ju n e 1 0 ,1 9 5 9 — Continued

p e r ce n ta g e d istr ib u tio n s of aggregates for e a c h size group a m o n g t yp e s

of a ss e t s, l ia b il it ie s, a n d c a p it a l ac c o u n ts

Banks with deposits (in millions of dollars) of—

Item All

banks

1 or

less 1 to 2 2 to 5 5 to 10 10 to 25 25 to 50 50 to

100

100 to

250

250 to

500

500 to

1,000

More

than

1,000

Am ount of total U. S . Government obligations (in millions)7................................................ $61,464 $ 400 $1,521 $5,166 $5,552 $7,555 $5,313 $4,963 $6,776 $5,637 $4,940 $13,639

Percentage distributions of U. S. Governm ent obligations within size groups of

insured commercial banks6

U. S. Government obligations............................ 100.0%

40.4

100.0%

50.7

100.0%

49.4

100.0%

46.7

100.0%

43.5

100.0%

40.2

100.0%

38.7

100.0%

38.1

100.0% 100.0% 100.0% 100.0%

Direct obligations:

Total bills, notes, certificates and nonmarketable bonds.................................. 40.3 37.6 39.3 38.6

Treasury bills..................................... . . 8.2 12.0 10.5 10.9 10.4 8.9 7.4 5.8 4.7 4.1 7.0 10.5

Treasury certificates of indebtedness.......... 7.6 11.5 9.6 8.4 8.1 7.2 6.8 7.1 9.7 9.1 7.3 6.1

Treasury notes............................... 22.7 20.6 22.6 22.0 21.2 21.4 22.7 23.9 24.7 23.6 24.7 21.8

United States non-marketable bonds.........

Marketable bonds maturing in 5 years

or less................................................................

1.9

38.9

6.6

34.1

6.7

34.9

5.4

36.1

3.8

37.0

2.7

39.8

1.8

41.0

1.3

41.6

1.2

40.0

.8

38.9

.3

39.3

.2

38.5

Marketable bonds maturing after 5 years

Marketable bonds maturing in

5 to 10 years..................................................

Marketable bonds maturing in

10 to 20 years................................................

Marketable bonds maturing after 20 years.

20.7

13.4

6.4

.9

15.2

9.0

4.9

1.3

15.7

9.9

5.1

.7

17.2

10.7

5.7

.8

19.5

12.4

6.4

.7

20.0

12.1

7.0

.9

20.3

12.6

7.0

.7

20.3

13.2

6.3

.8

19.7

12.3

6.3

1.1

23.5

15.4

7.2

.9

H

21.4

13.9

7.0

.5

22.9

16.1

5.9

.9

Guaranteed obligations (FHA debentures). (5) (5) (5) (5) (5) (5) (5) (5) (5) (5) (5) (5)

FEDERAL DEPOSIT INSURANCE CORPORATION

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Am ount of total liabilities and capital accounts (in millions)8............................................

Percentage distributions of total liabilities and capital accounts within size

groups of insured commercial banks9

Total liabilities and capital accounts..............

Deposits.......................................................................

Other liabilities..........................................................

Capital accounts........................................................

$232,487

100.0%

88.9

3.0

8.1

$1,154

100.0%

86.5

.5

13.0

$4,387

100.0%

89.1

.5

10.4

$15,634

100.0%

90.3

.6

9.1

$17,567

100.0%

90.9

.8

8.3

$24,232

100.0%

91.1

1.3

7.6

$17,250

100.0%

91.2

1.6

7.2

$17,333

100.0%

90.1

2.3

7.6

$26,075

100.0%

89.6

2.9

7.5

$23,915

100.0%

88.8

3.4

7.8

$21,391

100.0%

89.1

3.1

7.8

$63,549

100.0%

86.0

5.5

8.5

Am ount of total deposits (in m illions)8...........

Percentage distributions of total deposits

within size groups of insured com ­

mercial banks9

$206,706 $ 998 $3,909 $14,116 $15,972 $22,083 $15,731 $15,612 $23,356 $21,239 $19,056 $54,634

Total deposits.............................................................. 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

All demand deposits................................................. 67.3 73.8 66.1 62.8 59.3 60.3 60.9 65.4 69.8 74.3 70.2 71.2 All time and savings deposits................................ 32.7 26.2 33.9 37.2 40.7 39.7 39.1 34.6 30.2 25.7 29.8 28.8

Business and personal deposits, total.................. 84.2 87.1 88.4 88.4 88.5 88.8 88.5 84.7 81.3 81.2 82.6 81.3 Demand deposits10.................................................. 5U.U 63.1 564 53.1 1*9.9 51.2 51.8 52.9 53.1 57.0 51^.9 57.8 Time and savings deposits................................... 29.8 21>.0 32.0 35.3 38.6 37.6 36.7 31.8 28.2 2U.2 27.7 23.5 Government deposits................................................ 8.4 12.6 11.3 11.2 10.9 9.7 8.9 9.9 9.3 8.7 6.6 5.5 Interbank deposits.................................................... 7.4 .3 .3 .4 .6 1.5 2.6 5.4 9.4 10.1 10.8 13.2

1 For distributions of similar data as of June 30, 1954, see Table 40, page 68 of Annual Report for 1954.

2 Amounts of assets by type are shown in Table 21, pp. 54-57.

3 For distributions of similar data as of June 30, 1954, see Table 41, page 70 of Annual Report for 1954.

4 Amounts of loans by type are shown in Table 21, pp. 54-57.

5 Less than .05 percent.

6 For distributions of similar data as of June 30, 1954, see Table 42, Page 72 of Annual Report for 1954.

7 Amounts of U. S. Government obligations by type are shown in Table 21, pp. 54-57.

8 Amounts of liabilities and capital by type are shown in Table 21, pp. 54-57.

9 For distributions of similar data as of June 30, 1954, see Table 43, page 74 of Annual Report for 1954.

10 Demand deposits of individuals, partnerships, and corporations, plus certified and officers’ checks, cash letters of credit and travelers’ checks~outstanding, and amountsldue to

Federal Reserve banks.

Note: Due to rounding differences, components may not add to total.

ASSET AND LIABILITY STRUCTURES WITHIN SIZE GROUPS 3S

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Federal Reserve Bank of St. Louis
36 FEDERAL DEPOSIT INSURANCE CORPORATION

Main asset items. Banks with deposits of $100 million or more 

had larger portions of their assets in cash, loans, and fixed and 

miscellaneous assets than did the smaller banks. The banks with 

deposits of less than $100 million had a greater share of their 

assets in the form of securities, with banks in the $2 million to 

$5 million group having the highest percentage.

Categories of loans and securities. Valuation reserves were three 

times as great relative to gross loans in some of the medium and 

large size groups as in the smallest group.

The proportion of gross loans consisting of commercial and 

industrial loans progressed steadily upward from 8.5 percent in 

the smallest group to 54.4 percent in the largest. Agricultural loans 

presented the reverse pattern, declining in almost unbroken progression from 46.9 percent for the smallest banks to 1.2 percent 

for the largest. Loans for carrying securities and loans to banks 

do not constitute large segments of total loans, and are significant 

principally in the large banks.

Real estate loans comprised one-third or more of total loans for 

banks in the groups having from $2 million to $50 million in deposits. Small and medium size banks had lesser proportions of their 

real estate loans insured or guaranteed than did the larger banks.

Loans to individuals for household, family, and other personal 

expenditures constitute at least one-fifth of gross loans in all except 

the two largest and two smallest size groups. Retail automobile 

loans were the largest category of instalment loans in each of the 

size groups.

Almost one-half of the United States Government obligations 

held by banks with less than $5 million in deposits consisted of 

bills, notes, certificates, and non-marketable bonds. For banks with 

deposits in each size group in excess of $10 million, marketable 

bonds maturing in five years or less comprised approximately twofifths and those maturing after five years about one-fifth of their 

total holdings of United States Government obligations.

In Chart F are shown distributions of loans and securities by 

types for June 30,1954, and June 10, 1959. The changes in percentages of loans were very moderate, and the only notable differences 

in the securities were a decline in the proportion consisting of 

United States Government obligations and a corresponding increase in those of States and their subdivisions.

Liabilities and capital accounts. Liabilities other than deposits 

were generally small, although they were more important in the

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Federal Reserve Bank of St. Louis
ASSET AND LIABILITY STRUCTURES WITHIN SIZE GROUPS 37

large banks. Approximately two-thirds of the deposits of all insured commercial banks consisted of demand deposits, but the 

proportion was somewhat lower in each of the groups having 

deposits between $2 million and $100 million.

Chart F . Per c en tag e D is tr ib u tio n s op T otal L o a n s a n d Secu r itie s op

I n su red C o m m e r c ia l B a n k s , J u n e 30, 1954, a n d Ju n e 10, 1959

TOTAL LOANS

PERCENT

TOTAL SECURITIES

PERCENT

;2 & 3 .4 £ All other loans Other securities

90

Loans to banks

mm f f f f l

■ mm ^ ther ,oans *°

90

B

Obligations of States

and subdivisions

80

■ | | | | j j j i f f j j p

80 \

' I f i i 1 1 1 R e a i e s , a , e , o a n s

70 70 - U. S. Government

obligations.

eo

' ■ 

60

50

lI P P o P Loans for carrying

50

40 A9ricultural ,oans 40

30

h m ^°-mmerc-a' anc*

30 -

20 I 1

20 -

10 H H 10 -

Q

1954 1959 1954 1959

In 1959 time and savings deposits constituted a greater portion 

of total deposits in all size groups than they had in 1954. Size 

groups with above average ratios of time and savings deposits to 

total deposits both in 1954 and 1959 were those with $1 million 

to $100 million in deposits.

Capital accounts were above 10 percent of total assets only for 

banks with deposits of less than $2 million, and were below 8 percent for those in each size group with deposits between $10 million 

and $1 billion.

Chart G shows capital ratios by size groups of banks on June 30, 

1954, and June 10, 1959. On the latter date capital ratios were 

higher in all size groups than they had been in 1954, but in both 

years ratios for the groups with from $10 million to $1 billion in 

deposits were at or below the average for all banks.

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Federal Reserve Bank of St. Louis
38 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart G. A verage Ca p it a l R a tio s of I n su red C o m m e r c ia l B a n k s

Grouped b y D eposit Siz e , Ju n e 30, 1954, a n d Ju n e 10, 1959

PERCENT

0 I 2 3 4 5 6 7 8 9 !0 II

ALL BANKS 

DEPOSIT SIZE

(Millions of Dollars)

LESS THAN 2

2 TO 10

10 TO 50

50 TO 250

250 TO 1000

1000 OR

D is t r ib u t io n s op B a n k s A cc o r d in g to T h e ir I n d iv id u a l

A ss e t a n d L ia b il it y R a t io s

In order to reveal variations among individual banks, both 

within size groups and compared with those in other groups, a 

number of ratios showing relationships between various amounts 

on each bank’s report were computed. Tabulations of each ratio 

have been prepared showing distributions of all banks and of those 

in each of six size groups, together with the highest and lowest 

ratios for each group. These tables show a great diversity in the 

degree of concentration in types of assets and deposits and in the 

capital ratios of insured commercial banks. To some extent these 

differences are attributable to the size of the banks, but even 

within size groups there are wide variations due to such factors 

as the locations of the banks, the types of business available to 

them, and their management policies.

Ratios of various items to total assets. Table 17 gives distributions of 17 ratios of asset and liability items to total assets for 

Digitized 

individual banks on June 10,1959.

for FRASER 

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 39

Table 17. D istr ib u t io n s of I n su red C o m m e r c ia l B a n k s W it h in Size

Groups A ccording To T h e ir I n d iv id u a l R atio s of Selected

A sset a n d L ia b il it y I t e m s T o T o tal A sse t s, Ju n e 1 0 ,1 9 5 9

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Total number of banks........... 13,097 4,054 6,633 1,928 375 88 19

Number with ratios of cash and

due from banks of—

Above zero to 4 .9 % ................. 36 17 13 5 1

5.0— 9.9........................................ 1,316

4,481

4,139

1,949

777

493 653 153 15 2

10.0— 14.9................................... 1,294

1,156

571

2,335

2,159

987

727 114 10 1

15.0— 19.9................................... 673 117 25 9

20.0— 24.9................................... 265 85 33 8

25.0— 29.9................................... 303 352 78 29 14 1

30.0— 34.9................................... 254 125 94 18 13 4

35.0— 39.9................................... 79 45 28 5 1

40.0— 44.9................................... 39 29 6 4

45.0 or more............................... 27 21 6

2.1%

92.1

2.2%

92.1

2.1%

54.8

2.7%

43.9

2.3%

36.0

8.3%

33.1

13.7%

Highest ratio for any bank......... 27.0

Number with ratios of U. S.

Government obligations

of— i

Zero.............................................. 20 17 3

Above zero to 9 .9 % ................. 221 108 94 16 3

10.0— 19.9................................... 1,457

3,866

4,118

2,352

821

433 734 196 59 27 8

20.0— 29.9................................... 947 1,952

2,191

1,189

377

727 184 47 9

30.0— 39.9................................... 1,177

861

640 96 12 2

40.0— 49.9................................... 278 22 2

50.0— 59.9................................... 376 59 9

60.0— 69.9................................... 210 119 80 9 2

70.0 or more............................... 32 16 13 3

Lowest ratio for any bank.......... •0%

81.6

•0%

81.6

•0%

80.1

3.2%

76.3

7.5%

66.9

12.6%

49.3

14.3%

Highest ratio for any bank......... 36.2

Number with ratios of Treasury

bills of—

Zero............................................... 574 331 195 41 5 2

Above zero to 9 .9 % ................. 3,852

5,131

2,420

797

912 1,932

2,778

1,245

373

759 184 54 11

10.0— 19.9................................... 1,326

902

839 154 26 8

20.0— 29.9................................... 239 28 6

30.0— 39.9................................... 382 39 3

40.0— 49.9................................... 246 153 85 8

50.0— 59.9................................... 59 36 20 2 1

60.0 or more............................... 18 12 5 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

81.6

•0 %

81.6

•0%

73.0

•0%

68.3

•0%

51.1

•0%

22.5

2.4%

17.0

Number with ratios of U. S.

Government obligations

maturing in less than 5

years of—

Zero.............................................. 598 378 193 26 1

Above zero to 9 .9 % ................. 5,275

5,331

1,516

1,537

1,401

556

2,771 735 170 52 10

10.0— 19.9................................... 2,798

723

918 171 34 9

20.0— 29.9................................... 208 27 2

30.0— 39.9................................... 285 125 119 35 6

40.0— 49.9................................... 79 48 27 4

50.0 or more............................... 13 9 2 2

Lowest ratio for any bank.......... •0%

74.8

•0%

74.8

•0%

58.8

•0%

62.0

.0%

39.4

•7%

26.9

4.2%

Highest ratio for any bank......... 16.3

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
40 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 17. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS W lTHIN SlZE

Groups A ccording T o T h e ir I n d iv id u a l R atio s of Selected A sset

a n d L ia b il it y I t e m s T o T o tal A sse ts, Ju n e 10, 1959— Continued

Item All

banks

Banks with deposits (in millions of dollars) of—

Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of U. S.

Government obligations

maturing in 5 to 10 years

of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

2,664

9,509

831

84

9

•0%

53.9

1,384

2,338

286

41

5

•0%

37.3

1,066

5,110

417

36

4

•0%

53.9

176

1,634

112

6

34

327

14

4

82

1

1

18

1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

25.0

.0%

18.2

.0%

22.4

•6%

10.3

Number with ratios of U. S.

Government obligations

maturing in 10 to 20 years

of—

Zero..............................................

Above zero to 9 .9 % .................

10.0— 19.9...................................

5,626

6,909

484

64

14

.0%

54.1

2,073

1,809

141

27

4

.0%

34.4

2,645

3,705

248

27

8

•0%

54.1

756

1,077

84

9

2

•0%

33.4

126

237

11

1

21

67

5

14

20.0— 29.9...................................

Lowest ratio for any bank..........

Highest, ratio for any bank.........

•0%

22.5

•0%

8.4

.0%

4.8

Number with ratios of U. S.

Government obligations

maturing after 20 years of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19.9...................................

10,128

2,947

14

8

•0%

51. L

3,478

564

8

4

•0%

34.8

5,016

1,609

5

3

•0%

51.1

1,333

593

1

1

•0%

26.8

243

132

48

40

10

9

20.0 or more...............................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

6.9

•0%

3.5

•0%

1.2

Number with ratios of obligation

of States and political subdivisions of— 1

Zero.............................................. 1,171

4,396

3,843

2,183

989

320

132

45

18

•0%

56.7

837

1,756

766

377

189

78

28

14

9

•0%

56.7

284

1,993

2,168

1,289

604

183

80

24

8

•0%

41.0

46

501

696

430

178

48

21

7

1

•0 %

41.0

4

104

168

68

17

11

3

Above zero to 4 .9 % .................

5.0— 9. 9 

10.0— 14. 9 

15.0— 19. 9 

20.0— 24. 9 

36

35

16

1

6

10

3

25.0— 29.9...................................

30.0— 34.9...................................

35.0 or more...............................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

27.0

•1%

16.3

2.3%

11.3

Number with ratios of other

bonds, notes, and debentures

of—

Zero...............................................

Above zero to 4 .9 % ..................

5.0— 9.9........................................

5,566

5,587

1,222

434

173

73

24

18

•0%

40.5

2,248

1,118

366

166

86

42

15

13

.0%

40.5

2,669

2,926

684

232

80

29

8

5

•0%

36.8

577

1,154

153

34

7

2

1

66

289

19

1

3

84

3

16

10.0— 14. 9 

15.0— 19. 9 

1

20.0— 24.9...................................

25.0— 29.9...................................

30.0 or more...............................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

25.3

•0%

13.1

.0%

10.2

•0%

2.3

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OP BANKS ACCORDING TO INDIVIDUAL RATIOS 41

Table 17. D ist r ib u t io n s of I n su r e d C o m m e r c ia l B a n k s W it h in Size

Groups A ccording T o T h e ir I n d iv id u a l R a tio s of S elected A sset

a n d L ia b il it y I t e m s T o T otal A sse ts, J u n e 1 0 ,1 9 5 9 — Continued

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of loans and

discounts (net) of— 1

Zero.............................................. 1 1

Above zero to 9 .9 % ................. 62 27 25 8 2

10.0— 19.9................................... 474 174 255 40 5

20.0— 29.9................................... 1,905

4,028

4,406

1,828

330

614 1,030

2,118

2,201

836

140

238 22 1

30.0— 39. 9 

40.0— 49. 9 

50.0— 59. 9 

60.0— 69. 9 

1,212

1,227

622

146

588

750

266

34

91

178

69

8

17

42

26

2

2

8

9

70.0 or more............................... 63 31 28 4

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

87.1

•0%

84.6

1.7%

87.1

4.1%

76.3

1.8%

65.4

27.4%

61.1

35.7%

57.6

Number with ratios of real estate

loans (excluding loans on farm

land) of— 1

213 154 50 5 4

Above zero to 4 .9 % ..................

5.0— 9.9....................................

10.0— 14. 9 

15.0— 19. 9 

20.0— 24. 9 

25.0— 29. 9 

3,750

3,166

2,270

1,749

1,091

546

1,814

998

510

315

154

66

1,549

1,647

1,255

973

629

332

266

397

404

390

269

135

86

91

82

61

34

10

24

31

17

9

2

3

11

2

2

1

3

30.0— 34.9................................... 189 27 120 38 4

35.0— 39.9................................... 70 7 46 16 1

40.0— 44.9.................................... 29 2 17 6 3 1

45.0 or more............................... 24 7 15 2

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

80.0

•0%

71.8

•0%

80.0

.0%

64.7

•0%

44.5

•1%

42.0

•6%

24.8

N um ber w ith ratios of loans to 

farmers (including those

secured by farm land) of— 1

Zero...............................................

Above zero to 4 .9 % ..................

5.0— 9.9...................................

973

3,826

2,067

100

359

479

380

1,946

1,338

1,080

695

394

1,168

224

83

266

22

11

73

4

5

14

10.0— 14.9................................... 1,781 614 83 4

15.0— 19.9................................... 1,323

1,007

751

598 30

20.0— 24.9................................... 532 461 14

25.0— 29.9................................... 445 295 11

30.0— 34.9................................... 551 334 215 2

35.0— 39.9................................... 334 233 100 1

40.0— 44.9................................... 219 165 53 1

45.0— 49.9................................... 124 89 35

50.0 or more............................... 141 106 35

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

79.4

•0%

75.6

•0%

79.4

•0%

40.5

•0%

13.6

.0%

9.7

.0%

2.8

Number with ratios of commerical and industrial loans

of— 1

Z e ro ............................................. 1,007

5,532

3,727

1,590

684

306

146

65

40

713 281 12 1

Above zero to 4 .9 % .................. 2,227 2,862

2,245

821

254

104

40

17

9

422 20 1

50— 9.9................................... 777 633 66 6

10.0— 14. 9 

15.0— 19. 9 

20.0— 24. 9 

25.0— 29. 9 

30.0— 34. 9 

35.0 or more...............................

223

66

26

14

6

2

437

247

99

44

21

13

94

93

56

26

11

8

14

19

19

19

6

4

1

5

2

3

4

4

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

59.0

.0%

45.9

•0%

46.7

•0%

47.7

•0%

59.0

4.9%

43.2

12.6%

42.0

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
42 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 1 7. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS W lTHIN SlZE

Groups A ccording To T h e ir I n d iv id u a l R a tio s of Selected A sset

a n d L ia b il it y I t e m s T o T o tal A sse ts, J u n e 1 0 ,1 9 5 9 — Continued

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of instalment

loans to individuals for

household, family, and other

personal expenditures of— 1

328 213 103 7 5

Above zero to 4 .9 % ..................

5.0— 9.9...................................

10.0— 14.9...................................

6,082

3,863

1,716

2,272

1,003

341

3,107

1,990

887

561

668

399

102

145

81

27

51

8

13

6

15.0— 19.9................................... 669 136 337 164 31 1

20.0— 24.9................................... 237 44 109 75 8 1

25.0— 29.9................................... 98 20 47 29 2

30.0— 34.9................................... 48 8 24 15 1

35.0— 39.9................................... 16 6 7 3

40.0— 44.9................................... 13 3 8 2

45.0 or more............................... 27 8 14 5

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

79.8

•0%

79.8

•0%

78.9

•0%

66.7

.0%

30.2

•1%

20.5

•0%

9.6

Number with ratios of loans to

banks of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0 or more...............................

12,849

245

3

4,048

6

6,607

25

1

1,882

46

284

89

2

27

61

1

18

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

14.5

■0 %

2.3

•0%

11.4

•0%

5.9

•0%

14.5

•0%

6.1

•0%

5.5

Number with ratios of total

deposits of—

Zero.............................................. 1 1

Above zero to 59.9% ............... 9 9

60.0— 64.9................................... 6 3 i 1 1

65.0— 69.9................................... 13 12 1

70.0— 74.9................................... 24 21 3

75.0— 79.9................................... 108 78 24 3 2 1

80.0— 84. 9 

85.0— 89. 9 

90.0— 94. 9 

95.0 or more...............................

613

4,478

7,759

86

361

1,921

1,641

7

187

1,994

4,392

32

36

384

1,460

43

16

128

224

4

8

41

39

5

10

3

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

96.5

•0%

95.3

63.1%

96.2

60.2%

96.5

64.9%

95.5

80.5%

93.1

76.0%

91.0

Number with ratios of bills payable, rediscounts and other

liabilities for borrowed

money of—

Zero..............................................

Above zero to 4 .9 % ..................

5.0— 9.9........................................

10.0 or more...............................

12,163

745

163

26

3,887

93

56

18

6,257

308

63

5

1,738

172

17

1

247

110

16

2

33

47

8

1

15

3

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

19.3

.0%

17.7

•0%

19.3

.0%

11.0

•0%

12.3

•0%

6.7

■0%

7.4

1 For distributions of similar data as of June 30,1954, see Tables 44-50, pages 76-80 of Annual Report

for 1954.

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 43

In general, the range between the lowest and highest ratios of 

asset and liability items to total assets was greatest in groups 

containing the smaller banks, while the ratios of the large banks 

were more concentrated.

The distributions of insured commercial banks within size 

groups according to their ratios of cash and due from banks to 

total assets and of United States Government obligations to total 

assets illustrate the variations found. More than three-fourths of 

the banks had ratios of cash and due from banks of less than 20 

percent, while ratios of United States Government obligations 

were much greater with one-fourth the banks having ratios of 

40 percent or higher. Yet, in both tabulations the maximum and 

minimum ratios were in the groups of small banks while distributions of the large banks differed in several respects from those of 

smaller banks.

When the ratios of various types of United States Government 

obligations to total assets are tabulated it is clear that, while 

almost all banks held some of these securities, the number declined 

rapidly for each successive class of securities with a maturity 

greater than five years. Treasury bills and other obligations maturing in less than five years were held by 95 percent of insured 

commercial banks, including virtually all those with deposits of 

$50 million or more. Less than one-fourth of the banks reported 

any United States Government obligations maturing after 20 

years, but this proportion was exceeded in each size group with 

more than $10 million in deposits.

More than 90 percent of the insured commercial banks held some 

obligations of States or their political subdivisions. In about oneeighth of the banks these securities amounted to 15 percent or 

more of total assets, but in few of the banks with deposits of $50 

million or more was the ratio that high.

Almost two-thirds of the banks had ratios of loans to total assets 

of from 30 to 50 percent. In general, the proportion of banks 

having ratios of 40 percent or higher rises in each larger size 

group.

Tabulations of ratios of various types of loans to total assets 

reveal great diversity among the banks. Less than 2 percent of the 

banks had no loans secured by real estate other than farm land. 

For slightly more than one-half the banks ratios of real estate 

loans to assets were below 10 percent; however, 18 banks had 

50 percent or more of their assets in such loans. A larger proportion of the banks in the group with deposits from $10 million to

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Federal Reserve Bank of St. Louis
44 FEDERAL DEPOSIT INSURANCE CORPORATION

$50 million had 10 percent or more of their assets in real estate 

loans than was the case in other size groups.

The proportion of banks having ratios of agricultural loans to 

total assets of below 10 percent was approximately the same as 

that for real estate loans. However, loans to farmers represent 

much higher ratios for the smaller banks since the majority are 

located in agricultural trading centers.

One-half the insured commercial banks had ratios of commercial 

and industrial loans to total assets of less than 5 percent, and 

almost four-fifths had ratios below 10 percent. A greater proportion of banks with deposits of $10 million or more had ratios of 

10 percent or higher than was the case for smaller banks.

More than 97 percent of the banks reported some instalment 

loans to individuals for household, family, and other personal expenditures. However, in contrast to the distributions of commercial and industrial loans, ratios of the large banks were much lower 

and those of small banks somewhat higher.

Almost three-fifth of the banks had ratios of deposits to assets 

of between 90 and 95 percent. A greater proportion of banks in 

the three size groups which include those with deposits from $2 

million to $250 million had ratios of 90 percent or higher than was 

the case for banks in other size groups.

More than nine-tenths of the banks reported no bills payable, 

rediscounts, or other liabilities for borrowed money. The proportion of banks having such liabilities was greatest in the group of 

largest banks and declined in each successively smaller group.

Ratios of types of loans and of reserve for bed debts to gross

loans. Table 18 shows for June 10, 1959, distributions of banks by 

their ratios of various types of loans to gross loans, and of their 

reserves for bad debts to gross loans.

For slightly more than one-half the insured commercial banks 

their loans secured by real estate constituted at least 30 percent of 

total loans. For banks with deposits between $2 million and $50 

million the proportion of banks with ratios above 30 percent was 

considerably higher than for banks in other size groups.

When ratios of each of the several types of real estate loans to 

total loans are tabulated it is evident that the distributions differ 

in many respects. Almost seven-eighths of the banks reported loans 

secured by farm land, but few of the banks in medium or large size 

groups had as much as one-tenth of their loans of this type.

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 45

Table 18. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS W lTH IN SlZE

Groups A ccording T o T h e ir I n d iv id u a l R atio s of S elected T y p e s

Of L o a n s T o T o tal L o a n s (G r oss) , J u n e 1 0 ,1 9 5 9

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Total number of banks.......... 13,097 4,054 6,633 1,928 375 88 19

Number with ratios of total real

estate loans of—

Zero.............................................. 132 90 33 5 4

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

30.0— 39. 9 

40.0— 49. 9 

50.0— 59. 9 

1,679

2,091

2,110

2,035

2,006

1,619

879

815

792

623

525

501

389

620

928

1,052

1,092

1,108

937

150

256

342

335

345

266

141

65

18

5

59

92

73

64

46

25

24

22

18

16

4

2

11

1

2

3

2

60.0— 69.9................................... 190 538 8 2

70.0— 79.9................................... 397 86 244 2

80.0— 89.9................................... 114 32 62 2

90.0 or more............................... 35 11 19

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

99.8

•0%

99.3

•0%

99.8

•0%

97.6

•0%

89.3

•3%

69.8

1.1%

47.0

Number with ratios of loans

secured by farm land of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19.9...................................

1,800

8,024

2,214

735

445

2,088

918

691

4,251

1,240

340

520

1,348

55

5

115

259

1

21

67

8

11

20.0— 29.9................................... 390

30.0— 39.9................................... 218 141 77

40.0— 49.9................................... 68 41 27

50.0 or more............................... 38 31 7

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

75.5

•0%

75.5

•0%

71.4

.0%

29.0

•0%

10.9

.0%

2.0

•0%

1.7

Number with ratios of loans

secured by residential property and insured or guaranteed by the Federal Housing

Administration or the Veterans Administration of—

Zero.............................................. 5,142

5,705

1,404

519

192

2,597

1,157

179

58

38

2,184

3,235

786

278

88

320

1,020

351

142

57

22

37 4

Above zero to 9 .9 % .................

10.0— 19. 9 

20.0— 29. 9 

30.0— 39. 9 

227

69

27

7

53

16

11

2

13

3

3

40.0— 49.9................................... 78 14 38 3 1

50.0— 59.9................................... 36 6 16 11

5

3

60.0 or more............................... 21 5 8 2 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

92.3

•0%

92.3

•0%

70.2

•0%

70.2

•0%

71.4

•0%

67.3

.5%

26.2

Number with ratios of loans

secured by residential property but not insured or guaranteed by the Federal Housing Administration or the

Veterans Administration of—

Zero.............................................. 411 271 112 20 7 1

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

4,994

3,440

2,155

1,170

567

1,890

933

501

2,165

1,844

1,211

710

632

545

404

226

96

36

66

18

3

15

4

30.0— 39.9................................... 251 201 8

40.0—49.9................................... 122 359 85 1

50.0— 59.9................................... 230 50 151 28 1

60.0— 69.9................................... 87 21 55 11

70.0 or more............................... 43 15 26 2

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

98.8

■0%

91.4

•0%

98.8

•0%

92.0

•0%

54.7

•0%

29.6

(0

19.7

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Federal Reserve Bank of St. Louis
46 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 18. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS WITHIN SIZE

Groups A ccording To Their Individual Ratios of Selected Types

Of Loans To T otal Loans (Gross) , June 10,1959— Continued

All

banks

Banks with deposits (in millions of dollars) of—

Item

Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of loans

secured by non-farm, nonresidential real estate of—

1,668

9,117

1,991

267

1,136

2,679

203

26

462 61 7 2

Above zero to 9 .9 % .................

10.0— 19. 9 

20.0—29. 9 

4,896

1,119

133

1,183

565

99

260

98

9

81

5

18

1

30.0— 39.9................................... 43 7 19 17

11 3 4 3 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

64.6

•0%

64.6

•0%

53.6

•0%

44.3

•0%

43.6

•0%

14.7

.1%

10.6

Number with ratios of loans for

carrying securities of—

9,610

3,204

212

49

22

3,564

444

28

12

6

4,973

1,546

97

13

4

1,013

834

57

15

9

58 2

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

30.0 or more...............................

289

19

6

3

77

7

2

14

4

1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

68.3

•0%

52.0

•0%

68.3

•0%

61.6

.0%

68.1

•0%

28.4

•3%

24.4

Number with ratios of loans to

farmers (excluding loans

secured by real estate) of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19.9...................................

1,636

3,962

1,854

1,349

951

202

511

477

708

2,091

1,186

787

579

1,050

170

121

234

16

19

64

5

7

12

20.0— 29.9................................... 494 65 3

30.0— 39.9................................... 397 528 25 1

40.0— 49.9................................... 854 400 435 19

50.0— 59.9................................... 750 398 339 13

60.0— 69.9................................... 691 428 257 6

70.0— 79.9................................... 564 385 178 1

80.0— 89.9................................... 373 273 100

90.0 or more............................... 113 89 24

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

99.9

.0%

99.9

•0%

98.2

•0%

73.1

•0%

37.2

.0%

15.6

•0%

4.2

Number with ratios of commercial and industrial loans of—

Zero.............................................. 1,007

4,057

4,080

2,003

992

507

257

128

51

15

713 281 12 1

Above zero to 9 .9 % ................. 1,812

1,005

312

116

47

27

11

8

3

1,977

2,421

1,150

462

199

89

34

15

5

257 10 1

10.0— 19.9................................... 599 50 5

20.0— 29. 9 

30.0— 39. 9 

40.0— 49. 9 

50.0— 59. 9 

60.0— 69. 9 

70.0— 79. 9 

80.0 or more...............................

444

318

156

86

37

14

5

91

76

70

39

30

6

2

4

18

33

12

10

5

2

2

2

4

6

3

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

93.8

•0%

85.8

•0%

89.7

.0%

91.2

.0%

93.8

8.2%

79.8

21.6%

78.2

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 47

Table 1 8. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS WITHIN SIZE

Groups A ccording T o T h e ir I n d iv id u a l R a tio s of Selected T yp e s

Of L o a n s T o T otal L o a n s (G r o ss) , J u n e 1 0 ,1 9 5 9 — Continued

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of loans to

banks of—

Zero..............................................

Above zero to 9.9 % .................

10.0 or more...............................

12,849

222

26

4,048

6

6,607

19

7

1,882

44

2

284

77

14

27

59

2

1

17

1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

42.5

•0%

4.3

•0 %

42.5

•0%

21.7

•0%

39.6

•0%

17.2

•2%

11.5

Number with ratios of total loans

to individuals for household,

family, and other personal

expenditures of—

Zero.............................................. 151 106 43 1 1

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0—29. 9 

30.0— 39. 9 

2,493

3,737

3,049

1,974

966

1,179

1,215

751

411

1,135

1,997

1,579

1,031

492

142

410

553

422

25

80

121

97

4

27

42

13

8

8

3

40.0— 49.9................................... 206 230 36 2

50.0— 59.9................................... 417 88 210 109 10

60.0— 69.9................................... 186 57 90 35 4

70.0— 79.9................................... 72 21 34 16 1

80.0 or more............................... 52 20 22 10

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

99.9

•0%

99.9

.0%

99.6

•0%

97.5

•0%

70.8

5.3%

45.3

3.9%

24.3

Number with ratios of automobile instalment loans of—

Zero..............................................

Above zero to 9 .9 % .................

10.0— 19. 9 

20.0—29. 9 

510

8,201

3,209

841

301

2,549

866

237

179

4,228

1,663

411

20

1,103

554

173

7

238

105

20

1

67

20

2

16

1

30.0—39.9................................... 236 68 114 50 4

40.0—49.9................................... 62 17 26 18 1

50.0 or more............................... 38 16 12 10

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

78.6

•0%

72.4

•0%

78.6

•0%

75.8

•0%

44.6

•0%

15.6

.0%

10.5

Number with ratios of instalment

loans to individuals for the

purchase of consumer goods

other than automobiles of—

Zero..............................................

Above zero to 9.9 % ..................

10.0— 19.9...................................

2,498

10,133

388

1,466

2,464

99

850

5,525

220

148

1,707

61

28

337

7

5

82

1

1

18

20.0— 29.9................................... 57 20 28 7 2

30.0 or more............................... 21 5 10 5 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

60.5

•0%

48.5

•0%

60.5

•0%

44.2

.0%

35.3

.0%

16.7

.0%

5.2

Number with ratios of instalment

loans to repair and modernize

residential property of—

Zero..............................................

Above zero to 9 .9 % .................

10.0— 19.9...................................

5,987

6,895

164

2,875

1,158

17

2,861

3,673

72

227

1,623

61

19

340

13

3

84

1

2

17

20.0— 29.9................................... 39 4 23 9 3

30.0 or more............................... 12 4 8

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

75.2

.0%

27.2

•0%

37.4

.0%

75.2

•0%

21.9

.0%

11.1

•0%

5.9

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
48 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 18. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS WlTHIN SlZE

Groups A ccording To Their Individual Ratios of Selected Types

Of Loans To Total Loans (Gross), June 10,1959— Continued

Item All

banks

Banks with deposits (in millions of dollars) of—

Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of unclassified instalment loans for

household, family, and other

personal expenditures of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

1,635

10,559

757

91

29

26

•0%

99.3

999

2,867

145

23

5

15

•0%

99.3

590

5,543

420

53

17

10

•0%

95.3

38

1,699

173

10

7

1

•0%

87.0

7

345

18

5

1

86

1

19

30.0— 39.9...................................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

29.0

•0%

10.2

•0%

5.1

Number with ratios of singlepayment loans for household,

family, and other personal

expenditures of—

Zero..............................................

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

30.0— 39. 9 

1,147

8,981

2,142

544

163

68

30

22

•0%

94.4

522

2,767

514

151

52

26

8

14

•0%

94.4

488

4,654

1,099

257

79

34

17

5

•0%

84.1

121

1,256

395

116

26

8

4

2

•0%

76.5

15

224

111

17

6

1

61

23

3

19

40.0— 49.9...................................

50.0— 59.9.................................... 1

1

•0%

68.3

60.0 or more................................

Lowest ratio for any bank..........

Highest ratio for any bank.........

■0%

23.6

•4%

8.9

Number with ratios of unclassified loans of—

Zero............................................... 1,321

11,464

247

33

32

•0%

86.3

650

3,303

66

16

19

•0%

75.7

615

5,888

111

7

12

.0%

43.1

56

1,813

52

7

Above zero to 9 .9 % ..................

10.0— 19. 9 

20.0— 29. 9 

359

12

3

1

•0%

86.3

84

4

17

2

30.0 or more...............................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

23.7

•2%

18.8

1.1%

11.7

Number with ratios of reserve

for bad debts of—

Zero............................................... 5,041

4,674

2,448

613

202

56

63

•0%

51.2

2,564

845

419

116

62

16

32

.0%

51.2

2,246

2,599

1,292

337

103

32

24

.0%

22.1

217

970

561

136

29

8

7

•0%

12.6

14

196

137

20

8

Above zero to 1.9 % ..................

2.0— 3. 9 .............

4.0— 5. 9 

6.0— 7. 9 

54

31

3

10

8

1

8.0— 9.9.....................................

10.0 or more...............................

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

7.8

•1%

4.7

.7%

4.4

1 Less than .05 percent.

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 49

Loans secured by residential property were classified by whether 

or not they were insured by an agency of the Federal Government. 

The number of banks reporting insured loans was much less than 

that with noninsured loans, and for many banks noninsured loans 

represented a substantial portion of their total loans. Some loans 

secured by non-farm non-residential real estate were reported by 

87 percent of the banks, with 10 banks having ratios of 40 percent 

or higher, but no bank with deposits of $250 million or more had 

a ratio as high as 15 percent.

In a number of small banks, many of which are located in agricultural centers, loans to farmers represented considerable portions of their total loans.

Seven-tenths of the banks had ratios of commercial and industrial loans to total loans of less than 20 percent. A much greater 

proportion of banks with deposits of $50 million or more had ratios 

of 20 percent or higher than was true of the smaller banks.

Approximately 99 percent of insured commercial banks reported 

holding some loans to individuals for household, family, and other 

personal expenditures, and in one-half the banks such loans 

amounted to from 10 to 30 percent of total loans. Few of the large 

banks had ratios above 30 percent.

Distributions for various types of loans to individuals show 

considerable differences among banks in the various size groups, 

with few large banks having ratios as high as 10 percent. For 

two-thirds of the banks, loans for the purchase of private passenger automobiles amounted to less than 10 percent of total loans. 

In less than 4 percent of the banks did instalment loans for the 

purchase of other consumer goods amount to as much as one-tenth 

of total loans. Repair and modernization loans were an even 

smaller proportion of total loans. Single-payment loans to individuals were held by more than nine-tenths of the banks, but in 

less than one-fourth of the banks did such loans amount to as much 

as 10 percent of total loans.

Three-fifths of the banks reported some reserves for bad debts, 

unallocated charge-offs, or other valuation reserves applicable to 

loans. About 95 percent of the banks without such reserves had 

deposits of less than $10 million. Only 7 percent of the banks, few 

of them in the large size groups, had ratios of reserves to loans of 

4 percent or higher.

Ratios of items to total deposits. Table 19 shows for June 10, 

1959, distributions of banks by ratios to deposits of loans, cash 

items in process of collection, and various types of deposits.

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
50 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 19. DISTRIBUTIONS OF INSURED COMMERCIAL BAN K S W IT H IN SlZE

G r o u p s A c c o r d in g To T h e ir I n d iv id u a l R a t io s o f S e l e c t e d

I t e m s To T o t a l D e p o s it s , J u n e 10,1959

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Total number of banks........... 13,097 4,054 6,633 1,928 375 88 19

Number with ratios of loans of—

1 1

47 18 20 8 1

10.0— 19.9................................... 312 120 163 24 5

20.0— 29.9................................... 1,270

2,886

4,034

3,094

1,133

245

415 689 154 12

30.0— 39.9................................... 859 1,563

2,103

1,470

497

100

410 44 10

40.0—49. 9 

50.0— 59. 9 

60.0— 69. 9 

70.0— 79. 9 

1,141

926

419

113

636

517

147

27

130

136

43

4

21

37

19

1

3

8

8

80.0— 89.9................................... 59 34 21 4

16 8 7 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

98.0

.0%

98.0

1-8%

97.3

4.4%

90.8

2.0%

76.4

30.0%

70.3

42.6%

69.0

Number with ratios of cash items

in process of collection of—

Zero.............................................. 3,351

9,281

366

76

23

1,910

2,112

23

8

1

1,340

5,209

75

7

2

99 2

Above zero to 4 .9 % ..................

5.0— 9.9...................................

10.0— 14.9...................................

15.0 or more...............................

1,710

105

9

5

234

104

28

7

15

47

18

8

1

12

6

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

25.3

•0%

22.5

•0%

19.3

•0%

22.2

•0%

25.3

1.0%

21.8

4.9%

13.8

Number with ratios of demand

deposits of— 1

Zero.............................................. 27 13 14

Above zero to 9 .9 % ................. 32 11 16 4 1

10.0— 19.9................................... 43 7 29 5 1 1

20.0— 29.9................................... 267 58 185 22 2

30.0— 39.9................................... 969 250 567 139 11 2

40.0— 49. 9 

50.0— 59. 9 

60.0— 69. 9 

1,847

2,344

2,544

2,155

1,551

1,318

•0%

99.9

412

571

665

1,061

1,244

1,290

1,052

664

511

319

450

498

48

71

75

5

5

16

2

3

70.0— 79. 9 

80.0— 89. 9 

90.0 or more...............................

696

627

744

299

158

34

76

66

24

26

28

5

6

8

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

99.9

.0%

99.9

•0%

99.7

•8%

99.4

17.2%

99.1

46.1%

89.0

Number with ratios of business

and personal deposits of— 2

Zero.............................................. 1 1

Above zero to 9 .9 % ................. 31 21 8 2

10.0— 19.9................................... 1 1

20.0— 29.9................................... 1 1

30.0— 39.9................................... 3 1 1 1

40.0—49.9................................... 15 2 9 2 1 i

50.0— 59.9................................... 63 12 17 15 17 2

60.0— 69. 9 

70.0— 79. 9 

80.0— 89. 9 

90.0 or more...............................

272

1,241

5,170

6,299

95

431

1,604

1,887

109

567

2,678

3,244

33

146

725

1,005

29

62

121

142

5

25

37

18

1

10

5

3

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

99.9

.0%

99.9

•0%

99.7

•0%

99.9

17.9%

99.8

44.4%

96.9

67.5%

94.0

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DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 51

Table 19. DISTRIBUTIONS OF INSURED COMMERCIAL BANKS WlTHIN SlZE

Groups A ccording To T heir Individual Ratios of Selected

Items To Total Deposits, June 1 0 ,1959— Continued

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

Number with ratios of deposits

of the U. S. Government of—

614 435 171 8

Above zero to 4 .9 % ..................

5.0— 9.9...................................

12,190

224

3,553

45

6,309

120

1,852

54

369

5

88 19

10.0— 14.9................................... 37 9 20 7 1

15.0— 19.9................................... 24 11 7 6

8 1 6 1

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

30.3

•0%

21.0

•0%

30.3

.0%

25.2

•0%

10.8

•3%

3.5

•9%

3.8

Number with ratios of deposits

of States and political subdivisions of—

Zero..............................................

Above zero to 4 .9 % .................

5.0— 9.9...................................

10.0— 14.9...................................

88

3,009

4,786

2,878

1,375

521

48

700

1,422

935

20

1,488

2,461

1,525

686

14

638

725

343

4

129

140

66

1

40

34

9

1

14

4

15.0— 19.9................................... 542 129 17 1

20.0— 24.9................................... 220 254 41 5 1

25.0— 29.9................................... 252 109 117 23 3

30.0— 34.9................................... 102 45 49 5 3

35.0— 39.9................................... 48 22 17 6 3

40.0 or more............................... 38 11 16 4 5 2

Lowest ratio for any bank..........

Highest ratio for any bank.........

•0%

74.7

•0 %

50.3

•0%

64.8

.0%

50.6

•0%

74.7

•0%

54.2

•4%

8.5

Number with ratios of deposits

of banks of— 3

Zero............................................... 9,098

3,400

331

115

70

44

24

15

3,654

325

55

8

8

1

3

4,703 715 24 2

Above zero to 4 .9 % ..................

5.0— 9.9...................................

10.0— 14. 9 

15.0— 19. 9 

20.0— 24. 9 

25.0— 29. 9 

30.0 or m ore..............................

1,788

111

20

6

2

3

1,034

110

38

12

11

5

3

217

37

35

22

21

10

9

33

15

13

16

7

2

2

3

3

1

6

2

1

1

Lowest ratio for any bank..........

Highest ratio for any bank.........

.0%

78.6

•0%

28.8

•0%

29.1

.0%

34.4

•0%

78.6

.1%

35.6

•5%

30.2

1 For distributions of similar data as of June 30,1954, see Table 54, page 83 of Annual Report for 1954.

2 For distributions of similar data as of June 30, 1954, see Table 51, page 80 of Annual Report for 1954.

5 For distributions of similar data as of June 30,1954, see Table 53, page 82 of Annual Report for 1954.

Slightly more than one-third of the banks had ratios of loans to 

deposits of 50 percent or higher. The proportion of banks with 

ratios of 50 percent or higher varied considerably among size 

groups, being 32 percent for banks having deposits between $2 

million and $10 million and 84 percent for banks with deposits of 

more than $1 billion.

One-fourth of the banks, most of them with total deposits of 

less than $10 million, reported no cash items in process of collection. In less than 4 percent of the banks were cash items as great 

as one-twentieth of deposits.

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52 FEDERAL DEPOSIT INSURANCE CORPORATION

In three-fourths of the insured commercial banks demand deposits amounted to 50 percent or more of total deposits. Most of 

the banks with lower ratios had total deposits of less than $50 

million.

Business and personal deposits constitute the major type of 

deposit in insured commercial banks. Nearly one-half the banks 

had ratios of business and personal deposits to total deposits of 

90 percent or higher. A lesser proportion of the banks having 

deposits of $50 million or more had ratios as high as 90 percent 

than was true of smaller banks.

Deposits of the United States Government, including postal 

savings funds, were held by 95 percent of all insured commercial 

banks. However, in only 69 banks (all with total deposits of less 

than $250 million) did this type of deposit amount to as much as 

one-tenth of total deposits.

Very few banks reported no deposits of States or their political 

subdivisions. More than one-half the banks in each size group had 

ratios below 10 percent.

Approximately seven-tenths of all insured commercial banks 

reported no deposits of other banks. The holding of interbank 

deposits was much more prevalent among banks with total deposits 

of at least $50 million; but, even in these banks, for only one bank 

in twenty did interbank deposits amount to as much as one-fourth 

of total deposits.

Ratios of capital accounts to assets. Distributions of banks by 

their ratios to total capital accounts to total assets, given in Table 

20, show wide variations between the highest and lowest ratios in 

most of the size groups. In the group containing banks with deposits of less than $2 million less than one-half had ratios below 

10 percent, while more than nine-tenths of the banks with deposits 

of $10 million to $1 billion were below that ratio.

The ratios of total capital to total assets less cash and United 

States Government obligations show wide ranges in the ratios in 

all size groups below $250 million. However, approximately seveneighths of the banks had ratios of 10 to 30 percent, with only a few 

of the banks holding deposits of $50 million or more having ratios 

as high as 20 percent. When “risk assets” are defined to exclude 

from total assets not only cash and United States Government 

obligations but also loans insured or guaranteed by the Federal 

Housing Administration, the Veterans Administration, or the 

Commodity Credit Corporation the capital ratios were somewhat 

higher, with one-sixth of the banks having ratios of 30 percent 

or higher.

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DISTRIBUTIONS OF BANKS ACCORDING TO INDIVIDUAL RATIOS 53

Table 2 0 . DISTRIBUTIONS OF INSURED COMMERCIAL BANKS W lTH IN SlZE

Groups A ccording To T h e ir I n d iv id u a l R atio s of T o tal Ca p it a l

A cc o u n ts T o Selected I t e m s , J u n e 1 0,1 9 5 9

Banks with deposits (in millions of dollars) of—

Item All

banks Less

than 2

2 to

10

10 to

50

50 to

250

250 to

1,000

1,000

or more

13,097 4,054 6,633 1,928 375 88 19

Number with ratios to total

assets of— 1

3.0— 3.9................................... 25 2 18 5

4.0— 4.9................................... 177 5 72 87 11 2

5.0— 5.9................................... 681 35 306 285 44 9 2

6.0— 6.9................................... 1,552

2,214

2,260

1,984

1,418

973

156 830 442 102 18 4

7.0— 7.9................................... 357 1,296 448 91 19 3

8.0— 8.9................................... 526 1,331

1,106

752

308 73 20 2

9.0— 9.9................................... 661 176 25 14 2

10.0— 10.9................................... 572 76 10 5 3

11.0— 11.9................................... 509 410 44 8 1 1

12.0— 12.9................................... 626 396 208 18 3 1

13.0— 13.9.. 435 275 149 9 1 1

14.0— 14.9................................... 254 176 71 7

15.0— 15.9................................... 163 123 36 4

16.0— 16.9 . 116 93 22 1

17.0— 17.9 . 60 47 12 1

18.0— 18.9................................... 41 28 12 1

19.0— 19.9. 29 19 9 1

20.0— 49.9................................... 85 72 9 3 1

50.0 or more............................... 4 4

Lowest ratio for any bank.......... 3.4%

88.8

4.2%

88.8

3.8%

33.4

3.4%

29.7

3.5%

30.4

4.5%

11.0

5.6%

Highest ratio for any bank......... 13.3

Number with ratios to total

assets less cash and U. S.

Government obligations of—

Above zero to 9 .9 % .................. 416 21 180 168 38 8 1

10.0— 19.9................................. 8,051

3,350

841

1,561

1,590

555

4,497

1,585

269

1,588

150

312 78 15

20.0— 29.9................................. 20 2 3

30.0— 39.9................................. 13 4

40.0— 49.9................................. 237 177 55 5

50.0— 59.9................................. 96 71 24 1

60.0— 69.9 37 25 11 1

70.0— 79.9................................. 27 19 7 1

80.0— 89.9................................. 9 6 1 1 1

90.0— 99.9 ........................... 7 6 1

100.0 or more............................. 26 23 3

Lowest ratio for any bank.......... 5.5%

1156.5

7.9%

1156.5

6.0%

119.5

6.0%

84.0

5.5%

87.4

7.0%

21.0

8.3%

Highest ratio for any bank......... 22.7

Number with ratios to total

assets less cash, U. S.

Government obligations and

insured loans of—

Above zero to 9 .9 % .................. 230 11 108 93 15 3

10.0— 19.9................................. 7,098

3,548

1,010

304

1,345

1,542

636

3,918 1,453

218

297 69 16

20.0— 29.9................................. 1,753 30 2 3

30.0— 39.9 352 17 5

40.0— 49.9 ............................... 222 76 6

50.0— 59.9 . ............. 132 94 36 2

60.0— 69.9 ............................... 88 51 33 4

70.0— 79.9 ............................ 197 61 118 15 1 2

80.0— 89.9 . . . . 428 46 231 112 27 12

90.0— 99.9 19 8 3 8

100.0 or more ................... 43 38 5

Lowest ratio for any bank.......... 6.5%

1151.5

8.3% 6.5% 6.7% 7.8% 9.9% 10.8%

Highest ratio for any bank......... 1151.5 436.5 94.0 88.7 88.5 24.4

1 For distributions of similar data as of June 30, 1954, see Table 55, page 83 of Annual Report for 1954.

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Table 2 1 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES Ol

(S tates a n d Oth er A r e a s) , J u n e 10, 1959 ^

BANKS GROUPED BY DEPOSIT SIZE

Banks with deposits of—

Asset or liability item All

banks Less than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

Total assets.................................................. 232,486,485 1,153,492

(Amount

4,386,772

s in thousands o

15,634,387

f dollars)

17,567,005 24,231,512

Cash, balances with other banks and cash collection items—total. . 42,687,321 204,455 724,611 2,567,267 2,805,820 3,914,992 Currency and coin....................................................... 3,118,866 28,110 95,578 330,232 368,494 493,666

Reserve with F. R. banks (member banks)................................................. 18,084,039 15,716 118,368 610,669 845,376 1,305,388

Demand balances with banks in the United States................................. 10,091,740 157,235 493,800 1,545,640 1,460,138 1,811,806

Other balances with banks in the United States........................................ 74,170 1,081 3,316 9,423 5,934 8,054

Balances with banks in foreign countries............................ 96,836

11,221,670

21 71 161 712

Cash items in process of collection........................................ 2,313 13,528 71,232 125,717 295,366

Securities—total................................................................ 81,858,162 479,491 1,878,414 6,774,372 7,539,924 10,125,434

U. S. Gov’t, obligations (incl. guaranteed)— total........................................

Direct:

61,463,859 400,435 1,521,063 5,166,213 5,552,177 7,554,672

Treasury bills......................................... 5,031*,806 1*8,075 159,1*1*7 561,317 577,099 668,71*3

Treasury certificates of indebtedness........................................................... 1*,691*,01*0 1*6,199 11*5,933 1*36,1*99 1*1*8,078 51*6,791*

Treasury notes........................ 13,939,729 82,319 31*1*, 796 1,138,781* 1,175,1*56 1,617,900

United States non-marketable bonds........................................................... 1,151*,567 26,585 101,1*82 277,721 211*, 308 201,1*13

Other bonds maturing in 5 years or less.................................................... 23,930,895 136,625 530,823 1,865,953 2,056,157 3,010,663

Other bonds maturing in 5 to 10 years....................................................... 8,21*5,767 35,831 150,703 553,556 681*,1*50 916,859

Other bonds maturing in 10 to 20 years..................................................... 3,91*5,267 19,71*2 77,888 292,126 356,1*90 521*,589

Other bonds maturing after 20 years........................................................... 509,191* 5,057 9,903 39,751* 39,376 66,866

Guaranteed obligations (FHA debentures).............................. ................... 9,59k 2 88 503 763 81*5

Obligations of States and subdivisions............................................................. 16,789,724 49,919 245,987 1,236,213 1,603,007 2,105,160

Other bonds, notes, and debentures................................................. .. . 3,084,871 28,084 108,001 355,211 358,419 424,064

Corporate stocks....................................................................... 519,708 1,053 3,363 16,735 26,321 41,538

Loans and discounts, net— total............................................................... 103,281,934 459,473 1,743,339 6,107,013 6,976,940 9,788,761

Valuation reserves..................................................................................... 2,009,641 3,285 16,771 77,602 109,557 174,886 Loans and discounts, gross—total............................................... 105,291,575 462,758 1,760,110 6,184,615 7,086,497 9,963,647

Commercial and industrial loans....................................................................... 41,626,883 39,216 189,588 916,070 1,388,533 2,449,551

Loans to farmers directly guaranteed by the Commodity Credit Corp.. . 261,763 24,121 52,847 109,522 37,671 17,046

Other loans to farmers (excl. real estate)....................................................... 4,794,889 193,023 600,113 1,412,976 837,612 504,175

Loans to brokers and dealers in securities...................................................... 2,311,788 107 1,076 4,356 9,433 30,137

Other loans for carrying securities.................................................................... 1,888,899 1,482 7,035 35,061 64,545 116,155

Real estate loans— total....................................................................................... 26,648,379 114,597 540,182 2,216,456 2,746,911 3,683,498

On farm land....................................................................................................... 1,536,650 1*6,715 170,691 1*81,51*2 320,790 201,259

On residential properties:

Insured by F H A ............................................................................................. 5,802,819 6,072 28,1*32 150,281* 231,238 391*,050

Insured or guaranteed by V A ...................................................................... 3,232,006 2,358 21,516 136,709 236,527 1*05,603

Not insured or guaranteed by FHA or V A .............................................. 10,318,528 1*9,161 257,988 1,107,567 1,1*21*, 71*1* 1,801*,11*1* On other properties.............................................................................................. 5,758,376 10,291 61,555 31*0,351* 533,612 878,1*1*2

FEDERAL DEPOSIT INSURANCE CORPORATION

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Loans to individuals for household, family, and other personal expenditures

Retail automobile instalment 'paper................................................................

Other retail instalment paper...........................................................................

Repair and modernization instalment loans.................................................

Instalment cash loans........................................................................................

Single-payment loans........................................................................................ j

Loans to banks...................................................................................................... ;

All other loans (including overdrafts).............................................................

Miscellaneous assets— total..............................................................................

Total liabilities and capital accounts...............................................................

Business and personal deposits— total........................................................

Deposits of individuals, partnerships, and corporations— demand..........

Deposits of individuals, partnerships, and corporations— time.................

Certified and officers’ checks, cash letters of credit and travelers’ checks

outstanding, and amounts due to Federal Reserve banks.....................

Government and postal savings deposits— total.....................................

United States Government— demand..............................................................

United States Government— time (including postal savings)...................

States and subdivisions— demand....................................................................

States and subdivisions— time...........................................................................

Interbank deposits— total..................................................................................

Banks in the United States— demand.............................................................

Banks in the United States— time...................................................................

Banks in foreign countries— demand...............................................................

Banks in foreign countries— time.....................................................................

Total deposits.................................................................................................

Demand............................................................................................................

Time.................................................................................................................

Miscellaneous liabilities— total.......................................................................

Total liabilities (excluding capital accounts)...................................

Capital accounts— total......................................................................................

Capital stock, notes, and debentures...............................................................

Surplus.....................................................................................................................

Undivided profits and reserves..........................................................................

Number of banks

22,351,782

7 ,J^8U,199

2, Ul 6,367

2,250,331

3,U2U,83U

6,776,051

1,850,407

3,556,785

84,176

37,111

7 M l

1,935

11,klk

26,675

5

6,031

347,970

1U5,755

3k,69k

10,692

51,088

105,7 U

78

21,221

1,403,267

5U,962

158,529

67,39^

22k,735

U07,6U7

1,192

85,715

1,877,535

717,U17

209,791

129,208

323,89k

k97,225

1,587

122,670

2,942,121

l,127,lkk

307,237

268,5k0

k90,351

7k8,8k9

4,010

216,954

4,659,068 10,073 40,408 185,735 244,321 402,325

232,486,485 1,153,492 4,386,772 15,634,387 17,567,005 24,231,512

174,084,780

109,172,770

61,525,859

869,082

625,779

239,627

3,455,209

2,184,283

1,251,620

12,475,671

7,399,073

4,987,039

14,134,364

7,839,385

6,161,253

19,609,375

11,066,904

8,294,433

3,386,151 3,676 19,306 89,559 133,726 248,038

17,260,995

2,774,218

332,764

10,449,286

3,704,727

126,009

8,278

58

95,690

21,983

441,888

36,940

425

333,229

71,294

1,578,694

166,844

5,489

1,152,086

254,275

1,739,847

216,481

21,465

1,193,378

308,523

2,146,860

302,942

41,608

1,373,295

429,015

15,359,927

11,827,896

143,472

1,517,504

1,871,055

2,455

2,284

171

11,533

10,704

829

61,955

59,637

2,212

86

98,165

95,902

1,559

704

326,648

312,361

9,219

5,051

20 17

206,705,702

139,127,825

67,577,877

997,546

735,707

261,839

3,908,630

2,58U,U62

1,32 k,168

14,116,320

8,867,285

5,2^.9,035

15,972,376

9,k79,576

6,k92,800

22,082,883

13,308,591

8,77k,292

6,987,578 5,835 22,109 92,900 147,128 309,494

213,693,280 1,003,381 3,930,739 14,209,220 16,119,504 22,392,377

18,793,205

5,690,297

8,976,288

4,126,620

150,111

50,554

53,342

46,215

456,033

125,191

169,270

161,572

1,425,167

388,290

562,778

474,099

1,447,501

411,580

605,749

430,172

1,839,135

555,174

802,326

481,635

13,097 1,397 2,657 4,345 2,288 1,466

O l

OT ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

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Federal Reserve Bank of St. Louis
Table 2 1 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES

(S ta te s a n d Oth e r A r e a s) , J u n e 10, 1959— Continued

err

05

BANKS GROUPED BY DEPOSIT SIZE

Banks with deposits of—

Asset or liability item $25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$250,000,000

$250,000,000

to

$500,000,000

$500,000,000

to

$1,000,000,000

$1,000,000,000

or more

17,249,603

(

17,332,656

Amounts in thou

26,075,342

isands of dollars)

23,915,220 21,391,070 63,549,426

Gash, balances with other banks and cash collection items— total. . 2,754,418

314,489

1,044,578

1,032,116

935

2,977,095

291,907

5,059,275

371,422

4,998,984

276,916

2,183,389

4,366,057

176,059

12,314,347

371,993

1,220,674

856,432

2,004,188 2,009,205 6,726,488

1,194,465 660,450 547,972 331,686

17,020 3,773 8,726 6,363 9,545

565 2,015 6,477 8,345 13,373 65,096

Cash items in process of collection................................................................... 361,735

7,040,613

5,313,453

391,581

589,047 1,478,950 1,861,158 1,613,085 4,809,539

Securities— total..................................................................................................... 6,702,891

4,963,435

289,271

8,908,883 7,441,703 6,629,489 18,336,948

U. S. Gov’t, obligations (incl. guaranteed)— total........................................ 6,776,024 5,637,421 4,939,904 13,639,062

Direct:

Treasury bills.................................................................................................. 320,591, 23k,203

51U, 383

3k7,k23 l,k37,053

Treasury certificates of indebtedness........................................................... 360,51,7 351,71,8 655,391 360,076 828,392

Treasury notes................................................................................................ 1,205,111, 1,187,373 1,673,883 1,328,301 1,218,501 2,967,302

United States non-marketable bonds........................................................... 97,867 62,658 81,21,3 1,1,,971 16,722 29,597

Other bonds maturing in 5 years or less.................................................... 2,176,51,6

667,386

371,,712

2,061,,805

65 U, 210

2,712,565 2,191,11,0 l,938,k25 5,2k7,193

Other bonds maturing in 5 to 10 years....................................................... 833,628 870,1,2k 683,965

3k7,k39

2,19 k,7 55

Other bonds maturing in 10 to 20 years..................................................... 31U, 81,8 1,28,683 k02,965 805,785

Other bonds maturing after 20 years........................................................... 39,059 37,926 69,763 50,k81 26,213 12k,796

Guaranteed obligations (FHA debentures) ..................................................... 61,1 596 27 U 553 1,1 k0 k,189

Obligations of States and subdivisions............................................................. 1,425,076

273,190

1,484,442 1,752,307

325,920

1,485,810 1,442,596 3,959,207

Other bonds, notes, and debentures................................................................. 223,065 264,217 201,816 522,884

Corporate stocks.................................................................................................... 28,894 31,949 54,632 54,255 45,173 215,795

Loans and discounts, net— total..................................................................... 7,140,106

148,549

7,334,961 11,611,226 11,015,155 9,960,768 31,144,192

Valuation reserves...................................................................................................... 149,913 248,957 204,306 202,349 673,466

Loans and discounts, gross— total.................................................................. 7,288,655

2,123,407

7,484,874 11,860,183 11,219,461 10,163,117 31,817,658

Commercial and industrial loans....................................................................... 2,575,184

7,883

149,042

72,560

4,770,917 4,911,510 4,966,479 17,296,428

Loans to farmers directly guaranteed by the Commodity Credit Corp.. .

Other loans to farmers (excl. real estate)........................................................

5,268

183,660

38,294

95,560

2,453,090

63,911,

3,445

194,315

1,310

143,621

614

190,727

2,036

385,625

Loans to brokers and dealers in securities...................................................... 171,199 164,263 196,872 1,623,491

Other loans for carrying securities.................................................................... 131,340

2,078,342

313,320 246,379 262,926 615,096

Real estate loans— total....................................................................................... 2,803,512 2,448,415 2,070,584 5,492,792

On farm land ..................................................................................................... 55,928 1,9,667 20,k93 kl,6kl 8 k,010

On residential properties:

Insured by FH A ............................................................................................. 391,,1,91 331,873 716,905 665,60k 620,610 2,263,260

Insured or guaranteed by V A ...................................................................... 301,069 67 k,117

1,052,790

61,0,826

263,783

776,173

339,358 kk3,233 k07,733

Not insured or guaranteed by FHA or V A ............................................. 937,759 778,960 56k,780 l,56k,k62

650,585 759,823 5k0,125 k35,820 906,9k3

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Loans to individuals for household, family, and other personal expenditures

Retail automobiles instalment paper............................................................

Other retail instalment paper.........................................................................

Repair and modernization instalment loans...............................................

Instalment cash loans......................................................................................

Single-payment loans..............................................................................]. ’ ]

Loans to banks.................................................................................................. .

All other loans (including overdrafts)...........................................................

Miscellaneous assets— total............................................................................

Total liabilities and capital accounts............................................................

Business and personal deposits— total......................................................

Deposits of individuals, partnerships, and corporations— demand........

Deposits of individuals, partnerships, and corporations— time..............

Certified and officers’ checks, cash letters of credit and travelers’ checks

outstanding, and amounts due to Federal Reserve banks...................

Government and postal savings deposits— total...................................

United States Government— demand...........................................................

United States Government— time (including postal savings).................

States and subdivisions— demand..................................................................

States and subdivisions— time........................................................................

Interbank deposits— total...............................................................................

Banks in the United States— demand...........................................................

Banks in the United States— time.................................................................

Banks in foreign countries— demand.............................................................

Banks in foreign countries— time...................................................................

Total deposits...............................................................................................

Demand.........................................................................................................

Time...............................................................................................................

Miscellaneous liabilities— total.....................................................................

Total liabilities (excluding capital accounts).................................

Capital accounts— total....................................................................................

Capital stock, notes, and debentures............................................................

Surplus...................................................................................................................

Undivided profits and reserves.......................................................................

Number of banks.........................................................................................................

2,182,820

791*,761

223,663

21*7,312

31*0,635

576,U9

6,028

200,528

2,140,671

738,508

219,1*63

21*1,95 1*

312,721*

628,022

66,728

263,124

3,010,158

896,120

306,1*98

332,1*80

1*61*,906

1,010,15 k

155,712

437,605

2,650,189

71*6,313

291,786

327,109

316,521*

968,1*57

179,844

473,930

1,975,345

691,1*63

225,71*8

226,311

233,812

598,011

121,694

377,876

3,737,530

1,01*1*,61*5

1*31,917

397,396

651*,751

1,208,821

1,313,529

1,351,131

314,466 317,709 495,958 459,378 434,756 1,753,939

17,249,603 17,332,656 26,075,342 23,915,220 21,391,070 63,549,426

13,927,631

7,950,195

5,772,899

13,226,143

8,027,347

4,965,925

18,976,258

12,080,046

6,571,935

17,259,456

11,795,578

5,137,829

15,752,640

10,201,080

5,289,192

44,398,951

30,003,100

12,854,107

204,537 232,871 324,277 326,049 262,368 1,541,744

1,399,033

211,363

34,685

831,948

321,037

1,546,908

188,778

29,972

979,864

348,294

2,180,777

323,828

56,843

1,396,954

403,152

1,840,144

278,663

33,900

1,257,310

270,271

1,251,589

274,274

7,142

673,425

296,748

3,009,246

765,827

101,177

1,162,107

980,135

404,141

381,130

6,571

7,690

8,750

838,852

758,340

14,001

30,770

35,741

2,198,953

2,103,460

19,236

64,037

12,220

2,139,560

2,080,231

5,332

48,268

5,729

2,051,563

1,855,108

3,466

104,294

88,695

7,226,102

4,168,739

80,876

1,256,604

1,719,883

15,730,805

9,586,863

6,11*3,91*2

15,611,903

10,217,970

5,393,933

23,355,988

16,292,602

7,063,386

21,239,160

15,786,099

5,1*53,061

19,055,792

13,370,51*9

5,685,21*3

54,634,299

38,898,121

15,736,178

280,659 408,125 756,741 809,026 666,266 3,489,295

16,011,464 16,020,028 24,112,729 22,048,186 19,722,058 58,123,594

1,238,139

404,420

539,127

294,592

1,312,628

419,437

600,192

292,999

1,962,613

625,151

950,259

387,203

1,867,034

580,320

956,290

330,424

1,669,012

520,488

837,066

311,458

5,425,832

1,609,692

2,899,889

916,251

462 224 151 60 28 19

Note: Due to rounding differences, amounts may differ slightly from those published elsewhere.

ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

Table 2 2 , ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 195S gg

State

(Deposit size in

millions of dollars)

Number of

banks

Assets Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

Total Deposits

Miscellaneous

liabilities

Total

capital

accounts Business

and

personal1

Government2

Interbank

Total United States... 13,097 42,687,356 61,463,881 20,394,285 103,282,024 4,659,049 232,486,595 174,084,808 17,261,027 15,359,934 6,987,585 18,793,241

Less than 1 .............. 1,397 204,459 400,434 79,048 459,463 10,082 1,153,486 869,063 126,014 2,461 5,836 150,112

1 to 2 ........................ 2,657 724,602 1,521,079 357,360 1,743,338 40,419 4,386,798 3,455,233 441,892 11,533 22,109 456,031

2 to 5 ........................ 4,345 2,567,271 5,166,240 1,608,162 6,107,010 185,738 15,634,421 12,475,704 1,578,697 61,949 92,892 1,425,179

5 to 10...................... 2,288 2,805,824 5,552,167 1,987,754 6,976,956 244,326 17,567,027 14,134,372 1,739,850 98,158 147,131 1,447,516

10 to 25 .................... 1,466 3,914,998 7,554,671 2,570,759 9,788,777 402,328 24,231,533 19,609,380 2,146,872 326,646 309,495 1,839,140

25 to 50.................... 462 2,754,426 5,313,456 1,727,153 7,140,114 314,458 17,249,607 13,927,626 1,399,036 404,145 280,660 1,238,140

50 to 100.................. 224 2,977,096 4,963,435 1,739,449 7,334,972 317,707 17,332,659 13,226,131 1,546,910 838,857 408,132 1,312,629

100 to 250................ 151 5,059,282 6,776,024 2,132,858 11,611,235 495,941 26,075,340 18,976,259 2,180,777 2,198,951 756,736 1,962,617

250 to 500................ 60 4,998,985 5,637,429 1,804,276 11,015,171 459,355 23,915,216 17,259,446 1,840,138 2,139,566 809,029 1,867,037

500 to 1,000............. 28 4,366,061 4,939,892 1,689,585 9,960,779 434,756 21,391,073 15,752,637 1,251,595 2,051,566 666,269 1,669,006

1,000 or more.......... 19 12,314,352 13,639,054 4,697,881 31,144,209 1,753,939 63,549,435 44,398,957 3,009,246 7,226,102 3,489,296 5,425,834

Alabam a......................... 238 421,920 563,231 242,489 868,814 33,341 2,129,795 1,624,334 218,651 87,183 24,093 175,534

Less than 1 .............. 29 5,364 7,691 1,440 7,875 223 22,593 16,022 3,173 95 4 3,299

1 to 2 ........................ 48 14,099 27,265 7,699 29,176 609 78,848 58,939 11,260 161 200 8,288

2 to 5 ........................ 104 66,506 113,169 49,948 129,154 3,958 362,735 280,903 44,299 2,009 1,009 34,515

5 to 10...................... 30 39,264 64,709 27,479 79,463 3,489 214,384 159,928 32,179 1,902 789 19,586

10 to 25 .................... 15 50,804 70,941 39,571 117,936 5,106 284,358 221,583 27,493 7,579 2,837 24,866

25 to 50.................... 6 34,652 53,113 23,357 102,913 4,678 218,713 170,269 20,657 5,926 4,781 17,080

50 to 100.................. 2 34,449 43,716 19,314 69,806 3,066 170,351 127,252 21,446 8,131 1,701 11,821

100 to 250................ 3 76,526 115,631 26,790 167,031 7,206 393,184 298,540 32,052 25,781 8,871 27,940

250 to 500................ 1 100,256 66,996 46,891 165,460 5,026 384,629 290,898 26,092 35,599 3,901 28,139

500 to 1 000

Alaska*............................. 13 29,626 56,659 11,673 69,130 3,653 170,741 116,420 41,873 1,457 984 10,007

Less than 1 1 285 335 420 30 1,070 753 225 1 91

1 to 2 2 586 1,445 80 1,376 51 3,538 2,104 1,028 10 396

2 to 5 .................. 2 1,357 3,054 1,276 3,232 143 9,062 6,012 2,240 1 81 728

5 to 10...................... 3 3,630 4,477 3,174 9,105 491 20,877 14,825 4,339 4 184 1,525

10 to 25.................... 3 9,935 18,830 3,006 18,679 1,095 51,545 33,312 14,374 354 73 3,432

25 to 50.................... 2 13,833 28,518 4,137 36,318 1,843 84,649 59,414 19,667 1,098 635 3,835

50 to 100

100 to 250

250 to 500

500 to 1 000

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Arizona...................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 2 5 ...........

25 to 50............

50 to 100.........

100 to 250____

250 to 5 0 0 ... .

500 to 1,000.. .

1.000 or more.

Arkansas................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25............

25 to 50............

50 to 100.........

100 to 250. . . .

250 to 500. . . .

500 to 1,000.. .

1.000 or more.

-California...............

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10 ..............

10 to 25 ...........

25 to 50...........

50 to 100 .........

100 to 250____

250 to 500____

500 to 1,000.. .

1.000 or more.

Colorado.................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25...........

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1.000 or more.

231

41

57

78

38962

11514

21

27

29

1265145

1588

39

49

28

254122

187/

593

1,683

36,352

53,687

95,590

266,299

7,278

20,964

55,869

56,363

31,372

53,374

41,079

3,754,897

164

1,149

13,782

35,940

80,607

58,961

67,595

106,974

104,136

446,457

2,839,132

413,238

1,365

13.982

35,391

41,396

65,905

31.982

9,584

59,364

154,269

228,701

5,135

4,237

62,903

64,924

91,502

311,776

10,093

26,849

65,641

79,575

41,674

52,782

35,162

6,087,556

389

2,104

31,559

64,086

164,190

114,973

97,490

223,115

104,046

775,671

4,509,933

536,093

3,258

23,938

59,219

73,837

139,709

55,423

15,314

50,154

115,241

94,656

606

271

26,548

25,743

41,488

157,736

2,404

12,404

37,581

40,719

21,733

31,525

11,370

1,997,483

959

8,110

16,728

51,397

37,688

50,789

98,309

12,677

258,921

1,461,905

97,475

240

3,805

14,526

15,684

24,209

6,436

2,720

17,925

11,930

650,796

3,703

3,807

130,843

177,846

334,597

463,405

10,940

35,319

112,529

104,956

54,926

87,330

57,405

12,584,128

320

2,984

35,583

90,627

179,751

236,656

217,305

405,683

272,840

1,381,685

9,760,694

922,353

2,941

26,683

70,892

92,454

178,692

70,887

35,355

148,754

295,695

37,709

138

48

6,854

12,749

17,920

17,128

200

758

2,750

3,467

3,537

4,495

1,921

575,4939

100

1,426

4,159

7,386

9,848

10,537

16,554

3,182

64,985

457,307

31,776

92

687

1,290

2,470

6,391

2,491

534

5,799

12,022

1,199,767

10,175

10,046

263,500

334,949

581,097

1,216,344

30,915

96,294

274,370

285,080

153,242

229,506

146,937

24,999,557

882

7,296

90,460

211,540

483,331

458,126

443,716

850,635

496,881

2,927,719

19,028,971

2,000,935

7,896

69,095

181,318

225,841

414,906

167,219

63,507

281,996

589,157

942,101

6,350

6,698

209,131

269,159

450,763

938,750

24,144

77,313

224,933

236,424

118,744

160,968

96,224

19,722,957

671

6.183

76,128

176,290

399,018

373,017

360,583

727,799

399,668

2,270,066

14,933,534

1,544,431

5.183

52,613

139,248

176,459

345,083

121,167

52,010

202,991

449,677

131,621

2,109

2,621

28,743

34,692

63,456

95,605

2,840

7,350

21,931

20,246

14,303

17,400

11,535

1,936,031

124

402

6,371

16,551

32,939

32,201

41,350

36,133

30,494

239,500

1,499,966

155,328

1,502

9,244

22,921

27,665

34,198

25,280

2,356

13,938

18,224

25,580

3,271

4,569

17,740

65,890

21

301

1,320

1,875

5,804

28,874

27,695

878,737

75

309

4,089

13,694

1,231

5,260

22,933

144,812

686,334

108,4171

163

1,126

1,546

2,105

6,435

2,599

31,929

62,513

24,496

68

264

5,970

5,415

12,779

7,470

11

361

300

1,148

1,951

1,910

1,789

908,2716

62

602

2,540

11,774

10,290

11,822

9,101

13,648

89,023

759,403

46,755

32

411

1,715

3,175

4,811

3,254

2,161

15,382

15,814

1,648

463

16,385

21,114

36,359

108,629

3,899

10,969

25,886

25,387

12,440

20,354

9,694

1,553,561

81

649

7,284

15,850

35,511

28,924

28,730

72,342

30,138

184,318

1,149,734

146,004

1,178

6,664

16,308

16,996

28,709

11,083

4,381

17,756

42,929

C71

CDHELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

T able 2 2 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

State

(Deposit size in

millions of dollars)

Number of

banks

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets

Deposits

Miscellaneous

liabilities

Total

capital

accounts Business

and

personal1

Government2

Interbank

Connecticut.................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

66

1

6

13

15

16

5

3

5

2

389,220

199

1,771

6,818

15,640

43,494

25,662

36,189

110,280

149,167

589,281

208

2,454

11,349

32,807

74,175

54,923

40,480

204,622

168,263

263,447

56

280

4,451

8,122

31,731

22,987

20,004

56,946

118,870

1,123,636

354

5,869

25,082

58,388

129,503

71,331

90,254

378,160

364,695

48,698

11

190

768

1,948

4,638

3,470

4,679

20,724

12,270

2,414,282

828

10,564

48,468

116,905

283,541

178,373

191,606

770,732

813,265

1,950,002

587

8,367

39,320

96,733

235,276

148,765

153,337

640,646

626,971

130,625

73

442

2,458

6,631

15,404

12,936

10,661

31,418

50,602

48,402

32

243

846

1,234

3,985

1,870

6,633

12,307

21,252

82,538

1

209

611

1,161

4,811

1,372

2,701

27,194

44,478

202,715

135

1,303

5,233

11,146

24,065

13,430

18,274

59,167

69,962

Delaware.......................

Less than 1..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

21

3

3

6

3

2

99,628

323

757

3,482

2,677

2,969

193,719

452

2,110

5,943

5,498

7,629

33,461

171

298

1,505

2,613

3,298

332,313

1,076

1,836

9,727

10,819

14,913

14,608

17

119

362

205

617

673,729

2,039

5,120

21,019

21,812

29,426

518,402

1,718

4,474

18,018

17,714

25,485

58,521

29

47

260

612

385

7,502

257

20,840

2

52

96

303

45

68,464

290

547

2,645

2,926

3,511

50 to 100..................

100 to 250................

1

3

7,709

81,711

25,624

146,463

1,322

24,254

29,243

264,699

422

12,866

64,320

529,993

57,380

393,613

922

56,266

374

6,871

920

19,422

4,724

53,821

District of Columbia.. 12 330,746 514,520 64,236 681,894 33,940 1,625,336 1,364,175 36,094 73,783 42,050 109,234

5 to 10......................

10 to 25 ....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

1

2

4

1

1

3

1,244

9,144

29,923

16,336

20,755

253,344

2,455

17,426

46,438

21,649

39,474

387,078

1,985

515

1,947

727

1,503

57,559

3,426

18,619

69,998

36,357

61,430

492,064

79

1,039

3,370

1,500

2,623

25,329

9,189

46,743

151,676

76,569

125,785

1,215,374

7,790

40,604

132,238

69,078

107,685

1,006,780

450

3,002

6,473

666

1,602

23,901

128

767

77

2,429

70,382

218

496

1,547

410

5,031

34,348

731

2,513

10,651

6,338

9,038

79,963

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Florida...................

Less tnan 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25............

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1.000 or more.

Georgia..................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25 ............

25 to 50............

50 to 100.........

100 to 250. . . .

250 to 500____

500 to 1,000.. .

1.000 or more.

Hawaii4..................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25...........

25 to 50...........

50 to 100.........

100 to 2 5 0 ... .

250 to 500____

500 to 1,000.. .

1.000 or more.

Idaho.....................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10.............

10 to 25...........

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1.000 or more.

2818

20

68

62

82

24

11

1,037,341

1,933

6,825

49,688

77,977

245,596

146,643

162,575

246,986

99,118

357

59

96

128

46

167122

3044

1233112

611,422

7,789

30,775

77,947

56,266

41,499

49,728

11,273

100,158

235,987

46,601

5,894

2,980

37,727

98,818

746

1,315

7,124

4,519

8,040

5,400

10,389

61,285

1,649,750

2,364

13,511

93,500

186,305

521,974

274,023

279,241

206,700

72,132

724,662

14,803

52,794

147,864

111,858

65,332

66,861

11,062

86,419

167,669

89,117

10,510

6,765

71,842

197,061

1,372

1,569

12,706

6,854

14,249

12,270

13,512

134,529

416,8149

933

20,436

41,872

126,540

98,590

56,487

55,289

16,658

209,195

3,175

11,653

40,240

32,821

21,886

18,498

5,756

28,683

46,483

31,827

7,683

6,405

17,739

46,219

23

332

2,944

2,284

3,038

3,890

4,336

29,372

1,843,813

2,399

12,949

81,428

171,634

495,400

370,958

306,350

276,877

125,818

1,351,244

16,890

61,710

173,944

146,318

115,589

136,818

30,673

184,193

485,109

164,467

24,080

12,135

128,252

307,597

714

3,661

16,608

7,265

20,733

19,349

25,981

213,286

108,251

438

984

6,929

12,413

30,048

20,889

18,071

10,126

8,353

56,840

475

1,525

5,881

4,977

5,141

8,398

1,439

11,272

17,732

9,264

1,156

471

7,637

10,906

162

90

294

119

758

604

1,002

7,877

5,055,969

7,143

35,202

251,981

490,201

1,419,558

911,103

822,724

795,978

322,079

2,953,363

43,132

158,457

445,876

352,240

249,447

280,303

60,203

410,725

952,980

341,276

49,323

28,756

263,197

660,601

3,017

6,967

39,676

21,041

46,818

41,513

55,220

446,349

3,780,980

4,274

24,945

193,825

389,894

1,150,102

749,187

630,080

439,191

199,482

2,128,354

31,531

121,255

353,704

282,071

197,639

222,351

40,241

249,114

630,448

228,079

32,327

19,892

175,860

538,241

1,907

5,573

32,947

17,772

40,376

34,217

43,745

361,704

502,516

843

4,849

30,904

55,580

131,557

77,551

73,938

82,168

45,126

269,723

4,766

17,279

43.368

32,337

20,572

20,783

7,287

50.369

72,962

76,933

11,606

6,564

58,763

65,704

362

768

3,175

1,446

2,735

3,639

6,263

47,316

314,702

110

291

1,532

2,673

29,902

12,366

38,404

181,902

47,522

229,118

233

1,353

3,649

3,888

4,904

7,011

5,289

56,307

146,484

6,821

809

156

5,856

2,7501

119

253

322

71

449

1,535

109,111

127

459

2,747

5,272

17,594

15,033

21,093

35,567

11,219

71,255

511

1,231

3,605

4,758

5,180

7,354

3,222

22,570

22,824

3,443

487

204

2,752

9,892

16

162

73

167

892

832

7,750

348,660

1,789

4,658

22,973

36,782

90,403

56,966

59,209

57,150

18,730

254,913

6,091

17,339

41,550

29,186

21,152

22,804

4,164

32,365

80,262

26,000

4,094

1,940

19,966

44,014

748

609

3,273

1,497

3,218

2,694

3,931

28,044

&ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

Table 2 2 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

Assets Liabilities and capital accounts

State

(Deposit size in

millions of dollars)

Number of

banks Cash and U. S. Gov­ Other

securities

Loans, discounts, and

overdrafts

Miscel­ Total Deposits

Miscel­ Total

due from

banks

ernment

obligations

laneous

assets Business

and

personal1

Government2

Interbank

laneous

liabilities

capital

accounts

Illinois........................... 943 3,296,563

9,978

5,835,861

30,131

126,053

1,753,015

4,206

6,716,900

22,172

93,725

366,841

190,994

896

17,793,333

67,383

290,589

1,104,853

13,490,989

49,153

223,721

1,098,326

9,747

1,323,674 516,877 1,363,467

75 76 274 8,133

1 to 2 ........................ 180 44,532

171,607

176,779

314,517

358,495

309,082

224,283

184,734

299,728

1,202,828

24,650

112,294

139,566

252,649

272,792,

233,806

86,809

51,356

172,381

402,506

1,629

10,861

11,587

26,943

27,664

19,656

9,438

4,083

20,326

57,911

37,768 95 446 28,559

311 443,250

446,417

819,076

960,735

567,406

423,097

242,153

415,355

1,362,188

875,997 131,814 909 4,033 92,100

5 to 10...................... 151 371,930

631,200

753,815

677,462

422,248

304,669

561,472

2,511,366

1,146,279 927,957 125,877 1,883 6,526 84,036

10 to 25.................... 124 2,044,385

2,373,501

1,807,412

1,712,737 173,899 6,260 23,562 127,927

25 to 50.................... 64 2,007,351 172,705 17,939 28,753 146,753

50 to 100.................. 24 1,538,763 69,068 43,371

118,489

44,565 111,645

100 to 250................ 8 1,165,875

786,995

921,629 34,185 31,126 60,446

250 to 500................ 2 563,792 31,624 113,788 29,651 48,140

500 to 1,000............. 2 1,469,262 1,144,376 36,794 167,625 17,482 102,985

1,000 or more.......... 2 5,536,799 3,525,513 274,845 853,239 330,459 552,743

Indiana......................... 448 861,904

4,250

25,911

87,364

107,004

127,636

124,877

62,129

133,493

189,240

1,747,514

11,234

65,679

225,679

258,599

332,353

256,167

145,590

274,805

177,408

313,679

1,121

5,959

37,733

1,840,043

10,341

62,171 4,825,311 3,644,140 612,654 134,802 66,896 366,819

Less than 1.............. 31 237 27,183 20,335 3,380 2 338 3,128

1 to 2 ........................ 94 55,174 1,205 153,928 118,884 18,439 286 1,514 14,805

2 to 5 ........................ 153 198,226

235,254

330,684

298,145

148,229

222,354

341,636

4,434 553,436 433,842 68,550 710 3,486 46,848

5 to 10 ...................... 86 53,256

61,822

48,108

20,409

28,937

56,334

6,325

11,044

13,818

4,654

660,438 516,179 85,433 1,515 5,882 51,429

10 to 25.................... 55 863,539 679,764 105,863 6,579 9,297 62,036

25 to 50.................... 18 741,115 582,828 85,220 10,707 10,757 51,603

50 to 100.................. 5 381,011 290,163 38,977 12,554 12,060 27,257

100 to 250................ 4 7,923

12,531

667,512 462,919 134,435 17,837 9,254 43,067

250 to 500................ 2 777,149 539,226 72,357 84,612 14,308 66,646

500 to 1 000

Iowa............................... 630 529,135

7,566

43,468

107,592

86,491

71,086

63,677

58,132

91,123

929,539

19,836

118,348

265,014

173,655

137,156

97,306

319,409

2,113

1,410,382

25,840

28,212 3,216,677 2,490,356 291,037 130,169 27,275 277,840

Less than 1.............. 61 280 55,635 42,438 6,674 26 30 6,467

1 to 2 ........................ 206 18,139 154,507 2,286 336,748 264,668 35,818 56 721 35,485

2 to 5 ........................ 235 70,513 363,568 5,812 812,499 654,419 78,898 1,345 3,163 74,674

5 to 10...................... 83 78,413 257,867 4,691 601,117 493,064 55,142 1,500 1,632 49,779

10 to 25.................... 29 57,192 216,614 3,896 485,944 399,214 37,571 6,295 4,584 38,280

25 to 50.................... 11 27,659 157,196 4,276 350,114 268,425 20,742 32,659 4,343 23,945

50 to 100.................. 3 69,367

48,857

42,408 120,995 2,556 293,458 203,377 24,813 31,465 2,612 31,191

100 to 250................ 2 22,972 113,795 4,415 281,162 164,751 31,379 56,823 10,190 18,019

250 to 500

500 to 1 000

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kansas...........................

Less than 1..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500. . .

569

171

152

146

70

23

4

2

1

420,561

22,485

38,052

84,171

90,924

68,131

38,605

38,939

39,254

733,981

44,551

75,751

161,556

186,887

115,750

48,661

48,666

52,159

298,687

9,218

27,535

70,639

84,587

56,188

19,310

21,916

9,294

877,132

57,207

102,390

200,324

183,822

124,674

71,141

67,883

69,691

25,630

484

1,385

3,819

5,669

3,532

2,391

3,089

5,261

2,355,991

133,945

245,113

520,509

551,889

368,275

180,108

180,493

175,659

1,654,532

92,578

174,437

383,952

409,720

261,996

103,069

104,433

124,347

375,771

25,068

42,295

84,726

87,698

60,450

27,366

29,719

18,449

91,270

176

220

2,115

6,570

10,227

26,866

28,140

16,956

29,191

247

1,883

2,462

4,373

6,758

9,019

2,554

1,895

205,227

15,876

26,278

47,254

43,528

28,844

13,788

15,647

14,012

500 to 1,000

Kentucky...................... 349 455,365 740,554 139,080 936,383 23,145 2,294,527 1,736,456 189,517 134,285 28,400 205,869

Less than 1.............. 52 6,061 15,325 953 18,399 347 41,085 33,500 2,195 34 181 5,175

1 to 2 ........................ 72 16,304 48,387 3,615 48,705 1,133 118,144 95,853 8,391 156 601 13,143

2 to 5 ........................ 150 84,225 195,475 39,764 213,436 4,644 537,544 440,662 38,184 1,081 2,787 54,830

5 to 10...................... 41 48,888 99,553 20,940 126,641 3,780 299,802 245,421 22,969 1,589 1,492 28,331

10 to 25 .................... 24 68,127 121,188 26,359 167,912 5,086 388,672 311,402 31,334 6,072 4,239 35,625

25 to 50.................... 3 17,315 27,456 5,535 47,033 1,261 98,600 81,599 6,834 450 3,048 6,669

50 to 100.................. 4 70,251 93,524 9,178 101,117 3,028 277,098 172,282 50,253 30,706 3,371 20,486

100 to 250................ 3 144,194 139,646 32,736 213,140 3,866 533,582 355,737 29,357 94,197 12,681 41,610

250 to 500................

500 to 1,000.............

1,000 or more..........

Louisiana...................... 186 638,296 931,652 284,272 1,110,141 49,452 3,013,813 2,058,367 437,654 241,518 43,532 232,742

Less than 1 .............. 13 2,613 2,509 1,415 3,539 84 10,160 7,488 1,486 41 45 1,100

1 to 2 ......................... 18 6,749 6,733 5,817 10,730 317 30,346 23,142 4,123 36 94 2,951

2 to 5 ......................... 67 51,714 75,284 37,261 82,269 3,623 250,151 180,832 45,521 682 798 22,318

5 to 10...................... 48 75,151 113,673 53,729 120,687 4,637 367,877 273,690 62,532 1,663 1,440 28,552

10 to 25.................... 20 61,917 110,963 44,579 108,148 5,653 331,260 246,883 51,726 5,909 2,478 24,264

25 to 50.................... 7 47,779 62,612 30,134 103,586 6,231 250,342 169,523 46,732 11,523 2,955 19,609

50 to 100.................. 7 88,324 162,667 37,534 173,802 7,548 469,875 286,429 95,742 42,011 9,472 36,221

100 to 250................ 5 203,751 242,223 60,096 325,827 12,994 844,891 529,678 108,715 124,392 21,446 60,660

250 to 500................ 1 100,298 154,988 13,707 ‘ 181,553 8,365 458,911 340,702 21,077 55,261 4,804 37,067

500 to 1,000.............

1,000 or more..........

Maine............................

Less than 1..............

49 100,454 181,671 51,332 317,759 13,440 664,656 545,232 37,578 9,894 13,281 58,671

1 to 2 ........................ 1 224 613 30 565 28 1,460 1,147 158 i 34 120

2 to 5 ........................ 19 11,452 20,396 7,353 35,060 1,630 75,891 62,498 3,675 1,195 511 8,012

5 to 10...................... 16 19,946 32,073 17,852 58,122 2,260 130,253 109,043 6,305 920 2,281 11,704

10 to 25.................... 7 17,987 42,669 14,516 59,662 2,699 137,533 112,620 7,030 2,459 2,166 13,258

25 to 50.................... 4 24,924 43,149 7,115 88,296 3,585 167,069 136,137 9,373 2,451 5,808 13,300

50 to 100.................. 2 25,921 42,771 4,466 76,054 3,238 152,450 123,787 11,037 2,868 2,481 12,277

100 to 250................

250 to 500................

500 to 1,000.............

1,000 or more..........

ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUFED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

T able 2 2 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued a

State

(Deposit size in

millions of dollars)

Number of

banks

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets Business

and

personal1

Deposits

Government2Interbank

Miscellaneous

liabilities

Total

capital

accounts

M aryland........................ 140 434,720 720,548 221,464 947,405 41,951 2,366,088 1,829,495 207,304 106,491 45,376 177,422

6 788 1,997 995 1,947 93 5,820 4,291 474 24 1,031

1 to 2 ........................ 24 6,682 14,527 2,358 17,676 385 41,628 35,303 1,773 8 108 4,436

2 to 5 ......................... 47 24,682 52,794 15,223 72,646 2,410 167,755 141,080 10,235 319 438 15,683

5 to 10...................... 28 29,341 61,800 21,946 86,533 2,873 202,493 169,681 14,383 315 1,024 17,090

10 to 25 .................... 25 66,947 131,252 44,782 170,365 7,088 420,434 340,042 41,136 4,410 3,440 31,406

25 to 50.................... 3 13,016 34,589 8,083 50,707 2,058 108,453 90,282 5,570 1,128 2,449 9,024

50 to 100.................. 1 13,169 26,929 6,604 34,121 2,031 82,854 68,365 8,368 97 1,034 4,990

100 to 250................ 4 123,762 203,092 54,463 306,143 13,464 700,924 552,119 45,614 40,773 15,001 47,417

250 to 500................ 2 156,333 193,568 67,010 207,267 11,549 635,727 428,332 79,751 59,441 21,858 46,345

500 to 1,000.............

1,000 or more..........

Massachusetts............. 161 1,028,131 1,246,971 428,823 2,726,665 132,490 5,563,080 4,045,851 352,604 433,740 200,277 530,608

Less than 1 .............. 3 900 9,354 2,722 813 430 14,219 1,192 306 78 1,371 11,272

1 to 2 ........................ 8 3,120 4,447 271 7,748 463 16,049 11,058 1,593 543 348 2,507

2 to 5 ........................ 38 30,834 39,669 12,712 71,773 3,695 158,683 119,173 14,112 4,914 2,894 17,590

5 to 10...................... 45 62,698 113,622 27,753 159,966 6,597 370,636 294,564 27,938 9,368 5,473 33,293

10 to 25 .................... 36 118,108 188,103 46,841 300,095 13,997 667,144 531,810 42,005 22,259 16,197 54,873

25 to 50.................... 16 100,024 178,618 58,493 247,262 12,521 596,918 494,974 29,375 15,860 9,893 46,816

50 to 100.................. 9 137,949 174,525 101,396 367,621 15,963 797,454 617,116 61,431 21,320 35,644 61,943

100 to 250................ 3 113,187 76,278 38,221 248,518 11,238 487,442 329,231 34,124 66,778 15,605 41,704

250 to 500................ 2 196,652 159,351 62,450 408,377 21,795 848,625 575,106 59,534 87,001 47,838 79,146

500 to 1,000.............

1,000 or more.......... 1 264,659 303,004 77,964 914,492 45,791 1,605,910 1,071,627 82,186 205,619 65,014 181,464

M ichigan........................ 386 1,406,081 2,824,120 907,084 3,695,897 140,775 8,973,957 7,100,267 718,391 224,785 279,888 650,626

Less than 1 .............. 9 1,298 3,167 298 3,326 334 8,423 6,118 1,074 61 1,170

1 to 2 ........................ 68 16,781 39,163 7,877 49,165 1,225 114,211 91,737 10,044 668 11,762

2 to 5 ........................ 135 68,526 162,672 43,973 208,310 6,578 490,059 395,051 47,272 207 3,771 43,758

5 to 10...................... 85 88,479 200,847 70,129 267,675 7,845 634,975 514,594 62,709 1,085 5,056 51,531

10 to 25.................... 54 123,016 277,203 95,928 361,607 13,569 871,323 705,034 86,398 2,906 11,651 65,334

25 to 50.................... 12 58,345 166,508 57,473 156,932 7,754 447,012 353,669 52,779 759 8,942 30,863

50 to 100.................. 13 125,937 329,799 124,779 403,691 20,692 1,004,898 803,305 99,373 7,542 27,811 66,867

100 to 250................ 5 102,863 229,566 90,193 435,379 13,012 871,013 707,549 79,446 6,235 26,091 51,692

250 to 500................ 2 102,934 295,938 21,883 441,381 20,622 882,758 693,132 107,373 8,987 26,612 46,654

500 to 1,000............. 2 295,270 529,555 177,602 672,978 24,263 1,699,668 1,385,391 84,268 63,195 36,525 130,289

1,000 or more.......... 1 422,632 589,702 216,949 695,453 24,881 1,949,617 1,444,687 87,655 133,869 132,700 150,706

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Minnesota....................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

677

89

226

226

82

4425

787,895

9,359

43,615

95,439

82,778

93,712

19,018

90,446

1,181,294

27,222

128,701

269,373

197,574

192,820

22,637

100,719

394,462

8,992

36,990

84,004

66,514

68,271

8,387

37,353

1,912,994

31,233

150,406

314,067

235,846

312,121

34,581

191,159

65,788

524

2,425

8,042

9,318

12,884

1,379

10,360

4,342,433

77,330

362,137

770,925

592,030

679,808

86,002

430,037

3,197,903

62,331

299,087

627,637

479,587

555,241

67,234

272,158

353,625

7,130

28,867

76,013

62,197

49,253

6,720

38,970

341,540

45

234

1,491

2,398

15,439

4,689

77,104

101,985

130

1,247

4,507

5,645

13,191

1,071

8,092

347,380

7,694

32,702

61,277

42,203

46,684

6,288

33,713

250 to 500................

500 to 1,000.............

3 353,528 242,248 83,951 643,581 20,856 1,344,164 834,628 84,475 240,140 68,102 116,819

Mississippi...................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

191

11

36

86

32

21311

253,507

1,937

13,429

66,329

48,134

63,662

16,981

16,366

26,669

338,665

1,374

14,301

84,673

72,399

94,552

30,500

24,648

16,218

203,023

1,344

9,923

52,851

42,026

52,406

14,967

10,990

18,516

481,675

3,304

19,737

100,476

87,040

110,169

30,212

55,793

74,944

23,557

70

567

3,506

3,519

4,185

1,629

2,412

7,669

1,300,427

8,029

57,957

307,835

253,118

324,974

94,289

110,209

144,016

911,590

5,807

42,604

226,842

187,354

242,999

72,719

59,347

73,918

200,701

1,250

9,928

52,929

44,019

44,535

14,266

13,876

19,898

75,931

31

365

2,287

2,069

11,569

1,297

24,473

33,840

11,252

41

138

687

762

1,648

342

3,863

3,771

100,953

900

4,922

25,090

18,914

24,223

5,665

8,650

12,589

500 to 1,000.............

1,000 or more..........

Missouri........................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25 ....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

500 to 1,000.............

1,000 or more..........

596

124

138

183

65

51

226331

1,240,802

17,807

39,403

115,295

82,521

130,634

135,823

76,243

127,341

389,433

126,302

1,716,846

38,213

82,816

221,878

165,754

283,738

244,696

153,978

123,839

256,543

145,391

525,929

3,857

10,310

63,039

57,660

90,972

63,477

26,270

74,214

90,592

45,538

2,528,187

38,610

88,381

256,317

187,230

328,519

327,089

187,582

234,364

585,325

294,770

68,162

559

1,564

6,791

5,893

10,926

10,759

6,919

9,619

8,911

6,221

6,079,926

99,046

222,474

663,320

499,058

844,789

781,844

450,992

569,377

1,330,804

618,222

4,421,246

78,209

177,891

539,010

410,491

701,581

635,032

338,668

357,703

787,026

395,635

371,954

8,437

20,838

61,500

43,911

66,942

39,979

40,908

28,682

35,123

25,634

694,765

218

449

3,098

3,087

11,955

38,521

29,131

115,554

375,745

117,007

98,381

429

633

2,316

2,426

7,942

17,612

6,478

23,507

15,012

22,026

493,580

11,753

22,663

57,396

39,143

56,369

50,700

35,807

43,931

117,898

57,920

Montana.......................

Less than 1..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

1153

24

46

23

136

144,437

542

6,977

26,297

28,169

42,697

39,755

252,930

1,107

10,970

60,179

54,349

61,663

64,662

78,397

254

5,202

19,694

20,085

22,884

10,278

347,683

1,036

14,916

55,791

66,108

97,758

112,074

13,008

43

622

1,690

1,911

4,433

4,309

836,455

2,982

38,687

163,651

170,622

229,435

231,078

656,591

2,517

29,961

133,519

142,232

178,299

170,063

87,375

220

4,744

18,407

16,440

20,908

26,656

25,6481

324

205

130

9,319

15,669

14,649

16

38

542

1,411

7,799

4,843

52,192

228

3,620

10,978

10,409

13,110

13,847

100 to 250................

250 to 500................

500 to 1,000.............

1,000 or more..........

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

T able 2 2 . A sse t s AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

State

(Deposit size in

millions of dollars)

Number of

banks

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets

Deposits

Miscellaneous

liabilities

Total

capital

accounts Business

and

personal1

Government2

Interbank

Nebraska......................... 386

119

118

105

24

14

1

4

1

349,937

15,064

32,098

62,217

31,073

39,310

8,835

81,788

79,552

501,817

37,067

73,003

128,908

62,620

61,864

13,882

84,672

39,801

129,709

3,352

7,096

24,001

18,753

22,776

3,342

26,273

24,116

690,124

37,025

74,841

138,524

72,162

76,215

16,311

150,896

124,150

16,591

451

851

2,112

2,027

1,831

1,451

5,288

2,580

1,688,178

92,959

187,889

355,762

186,635

201,996

43,821

348,917

270,199

1,211,287

71,687

147,841

286,417

150,098

158,551

29,753

202,067

164,873

148,241

10,039

18,179

31,386

16,349

15,740

6,599

36,379

13,570

141,942

37

475

1,231

2,487

10,992

4,010

64,477

58,233

40,178

316

1,472

3,588

2,660

1,841

338

18,115

11,848

146,530

10,880

19,922

33,140

15,041

14,872

3,121

27,879

21,675

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

500 to 1,000 .

1,000 or more..........

Nevada............................. 6 58,119 127,456 46,784 182,518 9,045 423,922 322,742 67,793 2,904 6,592 23,891

Less than 1..............

1 to 2 ........................

2 to 5 ........................

5 to 10...................... 1

1

2

1

1,590

2,508

11,683

8,089

2,771

7,645

21,140

18,548

613

794

3,828

798

1,713

4,809

32,561

26,452

173

293

1,837

858

6,860

16.049

71.049

54,745

4,617

10,313

51,989

43,481

1,701

4,693

11,693

7,654

7

212

1,602

474

535

831

4,301

3,067

10 to 25....................

25 to 50.................... 1,464

50 to 100.................. 69

100 to 250. . . .

250 to 500................ 1 34,249 77,352 40,751 116,983 5,884 275,219 212,342 42,052 1,371 4,297 15,157

500 to 1,000.............

1,000 or more..........

New Hampshire........... 67

5

16

24

11

11

67,796

910

5,469

16,196

12,093

33,128

93,062

791

7,771

18,610

19,365

46,525

30,584

156

1,599

9,515

6,367

12,947

196,569

1,403

10,789

42,696

42,018

99,663

6,406

54

453

1,623

1,360

2,916

394,417

3,314

26,081

88,640

81,203

195,179

309,923

2,309

18,379

67,241

65,925

156,069

26,403

305

2,398

7,216

4,614

11,870

11,792

137

1,178

3,097

1,750

5,630

6,535

39

633

952

1,840

3,071

39,764

524

3,493

10,134

7,074

18,539

Less than 1..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

500 to 1,000.............

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
New Jersey...................

Less than 1 ..............

255 1,070,282 1,994,873 1,024,519 3,019,950 123,365 7,232,989 5,993,316 482,030 78,650 161,772 517,221

1 to 2 ........................ 4 1,091 3,014 1,060 2,775 193 8,133 6,076 789 72 1 196

2 to 5 ........................ 41 27,193 53,384 21,049 70,313 2,721 174,660 144,435 13,355 23 1,536 15,311

5 to 10...................... 76 97,057 196,347 97,385 255,207 10,598 656,594 535,303 61,716 91 5,601 53,883

10 to 25.................... 77 167,015 364,525 193,849 497,613 19,796 1,242,798 1,042,117 94,171 1,780 14,237 90,493

25 to 50.................... 31 145,075 317,059 181,462 480,153 17,992 1,141,741 979,817 69,650 2,801 13,530 75,943

50 to 100.................. 12 114,330 278,067 103,137 402,871 15,775 914,180 781,221 53,616 6,582 12,546 60,215

100 to 250................ 10 226,203 410,686 198,866 661,370 29,546 1,526,671 1,259,090 112,512 13,402 36,904 104,763

250 to 500................

500 to 1,000.............

4 292,318 371,791 227,711 649,648 26,744 1,568,212 1,245,257 76,221 53,971 77,346 115,417

1,000 or more..........

New Mexico.................. 53 137,086 236,427 37,535 283,905 12,007 706,960 507,508 133,146 15,154 7,460 43,692

Less than 1.............. 2 290 442 54 583 13 1,382 993 181 1 56 151

1 to 2 ........................ 2 896 1,614 7 1,037 6 3,560 2,830 383 15 332

2 to 5 ........................ 14 11,652 15,952 4,265 20,399 613 52,881 37,395 11,049 157 100 4,180

5 to 10...................... 17 26,239 49,848 12,189 46,772 1,823 136,871 101,632 24,680 563 732 9,264

10 to 25.................... 13 38,470 56,700 10,594 80,538 3,775 190,077 131,378 43,201 1,979 1,627 11,892

25 to 50.................... 3 18,371 47,251 6,453 33,395 1,792 107,262 70,882 26,504 2,007 929 6,940

50 to 100.................. 1 15,703 25,509 3,532 45,187 1,670 91,601 68,141 11,595 4,747 2,163 4,955

100 to 250................

250 to 500................

1 25,465 39,111 441 55,994 2,315 123,326 94,257 15,553 5,700 1,838 5,978

500 to 1,000.............

1,000 or more..........

New York...................... 414 9,216,401 9,534,930 3,588,944 22,010,656 1,389,635 45,740,566 31,111,737 2,213,720 5,753,396 2,518,220 4,143,493

Less than 1.............. 5 778 1,262 617 1,866 39 4,562 3,585 369 1 35 572

1 to 2 ........................ 39 10,450 22,884 7,144 26,009 754 67,241 51,999 7,490 20 353 7,379

2 to 5 ......................... 129 68,872 133,339 53,863 208,491 6,467 471,032 370,356 48,540 1,224 4,076 46,836

5 to 10...................... 80 83,340 184,608 78,995 281,009 8,842 636,794 505,429 62,024 1,363 11,240 56,738

10 to 25.................... 70 170,163 322,817 140,733 525,639 20,565 1,179,917 947,172 112,023 5,572 18,689 96,461

25 to 50.................... 30 140,920 287,454 141,034 520,634 22,802 1,112,844 909,887 85,803 12,608 20,797 83,749

50 to 100.................. 25 304,400 521,279 221,934 904,511 41,426 1,993,550 1,497,152 189,218 74,891 55,898 176,391

100 to 250................ 17 415,314 685,755 284,987 1,420,989 62,537 2,869,582 2,182,528 235,880 105,910 116,369 228,895

250 to 500................ 7 525,230 704,546 235,139 1,396,544 64,571 2,926,030 2,058,082 447,472 113,177 88,641 218,658

500 to 1,000............. 4 526,129 567,319 214,968 1,441,612 62,144 2,812,172 2,021,973 146,266 264,473 149,773 229,687

1,000 or more.......... 8 6,970,805 6,103,667 2,209,530 15,283,352 1,099,488 31,666,842 20,563,574 878,635 5,174,157 2,052,349 2,998,127

North Carolina........... 199 577,170 593,262 326,808 1,252,348 56,655 2,806,243 1,969,624 242,277 233,824 116,694 243,824

Less than 1.............. 11 1,965 1,848 1,404 4,471 187 9,875 7,823 385 19 339 1,309

1 to 2 ........................ 41 10,387 18,031 8,683 31,012 1,381 69,494 55,817 3,241 10 1,926 8,500

2 to 5 ........................ 67 42,355 68,206 34,740 114,216 4,937 264,454 208,188 19,914 562 9,500 26,290

5 to 10...................... 42 60,462 79,548 37,044 144,109 6,218 327,381 256,621 32,124 759 8,245 29,632

10 to 25.................... 25 71,832 96,317 45,970 185,172 6,566 405,857 318,059 36,677 5,145 10,347 35,629

25 to 50.................... 6 39,581 49,689 23,531 94,179 3,947 210,927 165,535 19,413 2,027 4,960 18,992

50 to 100.................. 2 27,478 42,775 37,412 74,676 3,028 185,369 126,249 14,991 21,464 3,977 18,688

100 to 250................ 4 185,200 136,842 96,481 313,539 13,121 745,183 458,322 65,753 138,935 19,759 62,414

250 to 500................ 1 137,910 100,006 41,543 290,974 17,270 587,703 373,010 49,779 64,903 57,641 42,370

500 to 1,000.............

1,000 or more..........

ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T able 2 2 . ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

C*

00

Assets Liabilities and capital accounts

State

(Deposit size in

millions of dollars)

Number of Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscel­ Total Deposits

Miscel­ Total

banks laneous

assets Business

and

personal1

Government2

Interbank

laneous

liabilities

capital

accounts

North Dakota............... 153 89,641 257,144 86,013 247,010 10,203 690,011 571,214 50,266 10,374 7,806 50,351

1,535

5,775

16,892

14 1,587 4,600 2,276 3,542 98 12,103 9,681 845 33 9

54

881

1,090

4,221

1,551

40 7,794 27,381 8,703 19,184 302 63,364 53,323 4,132 80

2 to 5 ........................ 65 25,645 90,804 31,664 58,838 1,775 208,726 175,403 15,413 137

5 to 10...................... 19 15,815 49,783 21,760 46,315 2,063 135,736 114,647 10,640 373 8,986

14,968

2,195 10 to 25.................... 14 32,962 75,446 19,428 105,348 5,447 238,631 195,175 17,532 6,735

25 to 50.................... 1 5,838 9,130 2,182 13,783 518 31,451 22,985 1,704 3,016

O hio.................................. 597 1,968,242 3,353,015 954,341 5,162,063 175,622 11,613,283 9,143,170

28,096

925,609 357,000 254,005

352

1,300

4,670

11,981

22,335

14,058

23,370

24,931

54,320

23,701

72,987

933,499

4,677

17,190

67,244

84,209

119,267

60,215

78,912

113,736

171,303

105,982

110,764

Less than 1 .............. 41 5,922 11,608 2,855 15,095 398 35,878 2,752 1

1 to 2 ........................ 94 23,908 53,893 14,811 68,214 1,730 162,556 131,352 12,710 4

2 to 5 ........................ 197 109,925 226,027

289,717

64,844 298,577 9,104 708,477 573,799 62,275 489

5 to 10...................... 123 138,697 94,227 433,479 16,686 972,806 774,774 99,564 2,278

10 to 25.................... 91 213,997 441,183 154,750 657,642 25,884 1,493,456 1,199,606 149,082 3,166

25 to 50.................... 23 124,496 275,676 76,184 349,234 15,346 840,936 683,924 79,746 2,993

11,036 50 to 100.................. 12 158,901 351,010 96,404 395,819 18,614 1,020,748 823,206 84,224

100 to 250................ 7 269,650 465,528 73,212 538,669 31,130 1,378,189 1,059,151 120,150 60,221

250 to 500................ 6 425,991 657,815 153,427 966,270 30,830 2,234,333 1,681,900 187,424 139,386

500 to 1,000............. 2 272,282 308,390 116,216 602,727 15,102 1,314,717 995,699 70,734 118,601

18,825 1,000 or more.......... 1 224,473 272,168 107,411 836,337 10,798 1,451,187 1,191,663 56,948

Oklahom a...................... 381 572,683 744,922 244,973 1,024,090 46,258 2,632,926 1,878,525 253,851 200,653 61,085

112

745

836

1,480

3,339

1,737

384

52,452

238,812

7,569

16,807

36,178

27,881

39,445

10,809

3,538

96,585

Less than 1 .............. 82 16,126 20,827 4,568 24,793 203 66,517 51,725 7,005 106

1 to 2 ........................ 101 35,077 52,963 14,461 59,257

147,459

1,077 162,835 128,921 15,786 576

2 to 5 ........................ 117 86,955 124,182 45,604 4,262 408,462 322,428 45,942 3,078

5 to 10...................... 42 67,729 101,012 35,721 118,763 3,356 326,581 249,891 40,182 7,147

10 to 25.................... 30 96,004

33,286

146,550 52,541 175,183 4,897 475,175 368,601 47,998

9,997

15,792

25 to 50.................... 4 33,143 8,285 60,995 2,418 138,127 95,857 19,727

50 to 100.................. 1 8,634 25,169 5,205 22,713 297 62,018 48,476 9,451 169

100 to 250................ 4 228,872 241,076 78,588 414,927 29,748 993,211 612,626 77,490 154,058

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Oregon........................... 52

2

5

24

16

2

1

349,704

667

1,082

14,055

17,924

6,570

7,300

557,447

711

2,530

35,101

36,158

11,153

5,785

212,990

29

534

6,140

12,485

4,235

2,090

941,732

473

3,636

33,786

41,738

20,649

14,764

43,370

43

136

1,888

2,604

376

869

2,105,243

1,923

7,918

90,970

110,909

42,983

30,808

1,694,997

1,085

5,959

69,927

88,258

34,959

26,015

164,655

263

1,326

11,274

12,184

4,957

2,167

29,557 52,233

2

26

886

1,310

589

433

163,801

573

606

7,970

8,596

2,318

1,753

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

1

913

561

160

440

100 to 250................

250 to 500................

500 to 1,000............. 2 302,106 466,009 187,477 826,686 37,454 1,819,732 1,468,794 132,484 27,482 48,987 141,985

Pennsylvania............... 719 2,579,589 3,805,042 1,499,054 6,945,555 268,671 15,097,911 11,855,513 670,557 687,244 391,156 1,493,441

Less than 1 .............. 11 1,851 3,087 686 5,046 74 10,744 8,684 670 18 1,372

1 to 2 ........................ 91 27,299 56,225 10,199 67,722 1,893 163,338 134,178 9,555 ...............20 465 19,120

2 to 5 ........................ 241 129,471 293,990 85,531 392,324 10,989 912,305 765,752 44,622 388 4,960 96,583

5 to 10...................... 198 205,514 465,128 183,020 681,468 21,589 1,556,719 1,319,417 67,169 1,653 11,774 156,706

10 to 25.................... 115 277,567 573,257 214,386 860,729 31,947 1,957,886 1,657,234 92,622 2,704 19,862 185,464

25 to 50.................... 32 172,670 383,151 145,205 528,107 21,950 1,251,083 1,052,545 66,168 2,833 18,519 111,018

50 to 100.................. 16 167,969 331,491 155,632 538,610 24,446 1,218,148 1,031,083 49,163 2,131 27,029 108,742

100 to 250................ 7 182,654 238,380 94,105 579,496 21,312 1,115,947 916,546 45,720 36,003 22,438 95,240

250 to 500................ 3 239,150 269,156 140,848 643,467 25,393 1,318,014 1,003,619 54,639 66,556 57,208 135,992

500 to 1,000............. 4 797,819 692,785 247,827 1,662,345 76,826 3,477,602 2,436,493 149,422 423,632 167,147 300,908

1,000 or more.......... 1 377,625 498,392 221,615 986,241 32,252 2,116,125 1,529,962 90,807 151,324 61,736 282,296

Rhode Island............... 7 107,693 227,792 73,675 479,486 20,094 908,740 750,710 37,463 10,215 33,537 76,815

Less than 1 . . . .

1 to 2 . .

2 to 5 ........................ 1 1,122 782 461 1,678 54 4,097 2,828 145 447 677

5 to 10...................... 1 1,324 1,941 1,826 4,227 305 9,623 8,158 660 15 27 763

10 to 25.................... 2 6,358 12,615 3,591 21,718 777 45,059 35,189 4,340 1,339 826 3,365

25 to 50.................... 1 3,942 4,581 542 23,756 717 33,538 28,396 881 235 1,170 2,856

50 to 100 ................

100 to 250................

250 to 500................ 2 94,947 207,873 67,255 428,107 18,241 816,423 676,139 31,437 8,179 31,514 69,154

500 to 1 000.............

1 000 or more..........

South Carolina........... 138 209,411 272,628 108,493 423,623 16,549 1,030,704 775,277 116,948 25,654 25,337 87,488

Less than 1 .............. 21 3,180 4,407 1,899 6,154 189 15,829 11,816 1,677 55 229 2,052

1 to 2 ........................ 41 13,489 20,923 10,504 25,726 836 71,478 55,046 6,995 90 314 9,033

2 to 5 ........................ 44 26,640 37,183 25,408 55,619 2,084 146,934 114,629 13,624 2,768 488 15,425

5 to 10...................... 21 30,606 44,142 26,170 59,219 1,976 162,113 128,988 16,857 1,044 955 14,269

10 to 25.................... 6 20,603 31,196 11,678 35,054 1,371 99,902 77,550 10,727 2,106 928 8,591

25 to 50.................... 2 19,509 18,575 8,017 34,527 1,134 81,762 57,216 10,280 6,648 828 6,790

50 to 100.................. 1 12,420 18,066 4,543 33,663 698 69,390 52,690 8,350 2,376 1,539 4,435

100 to 250................ 2 82,964 98,136 20,274 173,661 8,261 383,296 277,342 48,438 10,567 20,056 26,893

250 to 500 . . .

500 to 1 000

o

COHELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

Table 2 2 . A sse ts AND L ia b il it ie s OP INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

State

(Deposit size in

millions of dollars)

Number of

banks

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets

Deposits

Miscellaneous

liabilities

Total

capital

accounts Business

and

personal1

Government2

Interbank

South Dakota...............

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25 ....................

25 to 50....................

50 to 100..................

100 to 250................

172

27

56

63

12

8

4

2

113,518

3,103

10,690

28,357

13,149

18,031

22,749

17,439

280,222

11,200

39,828

86,699

31,728

34,746

39,159

36,862

66,713

1,789

7,832

19,975

7,033

9,659

10,743

9,682

310,556

8,270

31,717

70,512

36,725

36,180

68,255

58,897

10,304

105

371

1,286

904

934

3,068

3,636

781,313

24,467

90,438

206,829

89,539

99,550

143,974

126,516

600,323

18,176

68,929

160,700

70,507

79,233

105,314

97,464

105,481

3,209

12,384

28,425

11,517

12,276

21,589

16,081

10,686

1

125

235

1,219

1,429

4,606

3,071

8,367

34

80

870

780

614

3,126

2,863

56,456

3,047

8,920

16,599

5,516

5,998

9,339

7,037

250 to 500................

500 to 1,000.............

1,000 or more..........

Tennessee.......................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

500 to 1,000.............

290

48

70

86

48

25

3

2

7

1

654,272

7,253

19,273

50,715

58,518

62,122

20,931

35,436

319,512

80,512

785,336

9,585

31,931

85,028

93,210

104,255

27,668

56,615

309,627

67,417

278,325

3,200

12,732

39,586

49,729

37,917

7,385

16,178

93,931

17,667

1,437,470

18,695

50,013

127,091

156,778

172,878

50,904

80,757

594,908

185,446

46,902

285

1,307

4,417

4,941

7,279

2,638

3,364

17,614

5,057

3,202,305

39,018

115,256

306,837

363,176

384,451

109,526

192,350

1,335,592

356,099

2,320,323

30,328

92,228

244,749

295,223

302,133

87,018

148,018

879,453

241,173

304,207

3.915

11,591

31,915

34,221

40,234

9.915

13,485

133,821

25,110

285,292

17

317

1,329

2,950

6,395

2,317

12,317

203,869

55,781

40,894

201

188

1,345

1,067

6,030

1,644

4,239

21,678

4,502

251,589

4,557

10,932

27,499

29,715

29,659

8,632

14,291

96,771

29,533

1,000 or more..........

Texas................................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500................

500 to 1,000.............

1,000 or more..........

953

127

175

318

171

100

30

18

7

4

3

2,786,644

25,067

68,854

257,987

282,888

346,790

235,437

295,115

271,862

301,478

701,166

2,798,683

22,899

79,191

323,118

347,108

389,995

292,385

313,837

352,527

262,572

415,051

931,580

6,649

28,871

149,772

160,096

177,757

86,937

103,823

82,813

67,412

67,450

5,028,302

41,575

111,324

425,455

478,857

638,506

437,275

551,864

501,080

665,191

1,177,175

282,513

1,129

4,146

18,076

20,732

37,335

29,047

28,151

23,421

52,632

67,844

11,827,722

97,319

292,386

1,174,408

1,289,681

1,590,383

1,081,081

1,292,790

1,231,703

1,349,285

2,428,686

8,436,737

76,539

230,323

916,336

1,014,078

1,271,840

859,541

879,736

819,821

891,978

1,476,545

1,070,177

7,291

26,316

135,977

150,308

142,333

78,853

177,409

107,808

101,722

142,160

1,180,725

718

2,758

11,898

19,972

49,449

51,426

122,778

185,372

189,872

546,482

156,666

42

573

4,073

3,828

9,752

8,137

22,652

28,148

45,244

34,217

983,417

12,729

32,416

106,124

101,495

117,009

83,124

90,215

90,554

120,469

229,282

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Utah.......................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25............

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1,000 or more.

Vermont................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25............

25 to 50............

50 to 100.........

100 to 250. . . .

250 to 500. . . .

500 to 1,000.. .

1,000 or more.

165,822

2,441

9,487

12,056

10,343

6,872

18,880

61,659

44,084

48,970

119

2,038

11,773

12,458

13,610

8,972

223,265

4,296

16,222

24,393

18,786

10,305

18,609

80,299

50,355

92,177

170

4,032

20,970

22,883

25,735

18,387

75,692

427

4,058

6,073

3,515

4,817

5,324

23,049

28,429

39,468

73

1,378

7,533

12,840

15,961

1,683

490,659

6,320

27,439

38,458

32,581

19,201

34,925

152,510

179,225

234,227

281

8,066

40,674

57,030

78,681

49,495

15,808

’ * ‘ 230

622

735

1,309

916

1,744

2,894

7,358

7,0225

167

1,191

1,414

2,636

1,609

971,246

' 13,714

57,828

81,715

66,534

42,111

79,482

320,411

309,451

421,864

648

15,681

82,141

106,625

136,623

80,146

733,000

’9,746’

45,581

65,012

52,634

29,278

55,659

234,171

240,919

359,142

509

13,388

69,477

88,947

117,703

69,118

106,165

2,315

6,466

10,208

7,601

6,023

7,654

35,023

30,875

15,653

29

360

3,162

6,050

4,337

1,715

38,835

......6

342

490

146

2,631

10,570

14,509

10,141

1,827

129

280

319

661

438

25,447

' " 152

540

804

1,587

1,166

1,610

11,104

8,484

7,036

146

200

1,717

2,096

2,877

67,799

' 1,495

4,899

5,201

4,566

3,013

3,989

25,604

19,032

38,206

110

1,658

9,022

9,592

11,826

5,998

Virginia.................

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25...........

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1,000 or more.

Washington.........

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25 ............

25 to 50............

50 to 100.........

100 to 250____

250 to 500

500 to 1,000.. .

1,000 or more.

309

12

49

118

77

32

1245

595,366

1,345

13,498

64,845

90,114

92,995

66,741

55,488

210,340

870,123

2,846

25,577

139,979

183,130

149,727

120,771

73,691

174,402

277,428

783

4,896

35,687

53,805

53,387

34,861

37,897

56,112

1,559,571

5,470

39,004

194,705

270,439

228,395

221,908

146,948

452,702

59,339

123

1,235

6,844

9,085

9,835

9,997

5,667

16,553

3,361,827

10,567

84,210

442,060

606,573

534,339

454,278

319,691

910,109

2,592,401

8,281

68,477

361,078

493,912

419,006

368,259

237,353

636,035

302,544

1,112

6,388

34,325

53,706

57,603

36,026

36,278

77,106

148,166

71

284

1,033

2,333

7,802

6,081

15,842

114,720

41,982

51

753

4,870

5,789

7,103

8,691

3,159

11,566

276,734

1,052

8,308

40,754

50,833

42,825

35,221

27,059

70,682

554,402

1,495

4,363

17,043

16,501

15,224

12,773

36,719

127,164

720,195

3,108

10,947

34,351

32,559

30,609

21,229

61,616

204,017

251,658

489

2,331

7,132

9,452

9,073

17,158

14,388

54,307

1,316,646

3,767

11,374

37,359

41,943

37,321

29,427

101,355

325,473

57,682

222

490

1,568

1,372

1,831

1,217

4,682

14,411

2,900,583

9,081

29,505

97,453

101,827

94,058

81,804

218,760

725,372

2,298,689

7,095

22,820

78,021

84,231

75,823

67,731

173,589

578,624

245,184

846

3,142

10,114

8,420

9,401

4,307

19,955

47,096

82,751

44

120

114

883

829

6,197

21,165

62,596

51

489

647

1,619

742

1,085

3,750

24,626

211,363

1,045

3,054

8,551

7,443

7,209

7,852

15,269

53,861

323,120 321,759 137,328 728,627 31,8 1,542,723 1,210,755 141,903 53,399 29,587 107,079

ASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 22. ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES, JUNE 10, 1959— Continued

BANKS GROUPED BY STATE AND DEPOSIT SIZE

(Amounts in thousands of dollars)

State

(Deposit size in

'millions of dollars)

Number of

banks

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets Business

and

personal1

Deposits

Government2

Interbank

Miscellaneous

liabilities

Total

capital

accounts

W est Virginia..............

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250

180

6

34

82

28

24

3

3

252,839

859

10,389

56,169

36,018

76,595

22,803

50,006

494,656

2,067

20,069

107,858

70,263

161,297

35,845

97,257

93,087

158

4,459

21,344

17,176

28,643

8,858

12,449

485,752

1,839

19,431

110,873

77,183

155,636

45,652

75,138

19,776

55

535

4,228

3,332

8,018

1,013

2,595

1,346,110

4,978

54,883

300,472

203,972

430,189

114,171

237,445

1,042,073

3,946

44,922

242,129

165,269

345,334

86,292

154,181

104,318

431

3,135

24,591

14,853

34,763

9,533

17,012

40,751

89

351

581

5,924

3,278

30,528

21,731

1

306

1,643

1,969

5,688

1,226

10,898

137,237

600

6,431

31,758

21,300

38,480

13,842

24,826

250 to 500

500 to 1 000

Wisconsin.....................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100..................

100 to 250................

250 to 500

547

47

115

198

110

53

18

3

2

741,210

5,452

24.086

89.087

100,897

122,185

91,004

36,513

91,894

1,584,189

14,281

71.233

276,264

295,167

309,723

236,902

70.234

99,280

355,314

2,975

11,497

61.766

84,411

70,304

59,162

13,044

29.766

1,834,495

17,063

77,358

261,319

302,307

337,886

270,905

83,556

207,996

61,747

362

1,908

6,872

9,206

12,459

8,993

3,728

8,437

4,576,955

40,133

186,082

695,308

791,988

852,557

666,966

207,075

437,373

3,724,336

32,784

153,665

578,780

671,439

733,350

565,490

176,447

316,234

276,567

3,198

14,671

57,291

58,542

50,545

40,554

10,972

21,820

173,072

1

200

1,420

5,418

6,116

4,308

48,491

79,749

67

549

2,452

3,051

6,732

8,880

2,744

20,252

323,231

4,084

17,196

56,585

57,536

56,512

45,926

12,604

30,576

500 to 1,000.............

1,000 or more

1 180,092 211,105 22,389 276,105 9,782 699,473 496,147 18,974

49,232

114

1,158

8,700

18,368

8,444

12,448

107,118

11,664

84

397

615

3,740

6,828

35,022

10,160

14

386

2,000

1,491

6,269

42,212

31,121

146

893

5,525

11,781

4,896

7,880

Wyoming......................

Less than 1 ..............

1 to 2 ........................

2 to 5 ........................

5 to 10......................

10 to 25....................

25 to 50....................

50 to 100

52

2

7

18

19

3

3

76,576

396

2,460

12,985

27,151

10,718

22,866

134,896

643

3,215

21,929

49,066

20,139

39,904

27,827

30

1,017

4,624

11,809

4,224

6,123

162,969

356

3,141

25,457

58,655

23,429

51,931

6,106

9

71

411

1,966

654

2,995

408,374

1,434

9,904

65,406

148,647

59,164

123,819

306,197

1,174

7,755

50,398

115,883

40,593

90,394

100 to 250

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Guam5...................

Less than 1. . .

1 to 2 ...............

2 to 5 ...............

5 to 10.............

10 to 25...........

25 to 50...........

50 to 100.........

100 to 250____

250 to 500____

500 to 1,000.. .

1,000 or more.

Puerto Rico6........

Less than 1. . .

1 to 2 ...............

2 to 5 ................

5 to 10.............

10 to 25 ...........

25 to 50...........

50 to 100.........

100 to 250____

250 to 5 0 0 ... .

500 to 1,000.. .

1,000 or more.

Virgin Islands

Less than 1. . .

1 to 2 ................

2 to 5 ................

5 to 10..............

10 to 25............

25 to 50............

50 to 100.........

100 to 250

250 to 5 0 0 ... .

500 to 1,000.. .

1,000 or more.

69 7

697

52,633 46,515 46,356

9,078

9,078

330,241

14,297

14,297

22,407

24,072

24,072

498,152

13,589

13,589

366,650

9,795

9,795

76,844 8,890

688

20,919 24,849

2,441

828

3,202

323

1,850

1,128

924

567

1,003

2,220

3,007

7,762

120

178

548

6,028

6,430

13,643

3,755

4,671

10,290

1,104

798

2,084

15

26

2

117

216

1,152

818

1,053

21,722

12,939

14,289

28,925

21,860

22,001

101,896

68,160

>,723

1,624

166,490

135,649

121,795

101,331

24,464

19,985

3,640

2,474

4,034

2,590

12,557

9,269

(6) 11,501

5,141 9,535 1,048

147,196

9,593

11,214

293

169,912

25,610

124,808

15,564

28,409

8,185

2,735

62

13,960

282 1,517

1,881

3,260

3,922

5,613 1,048

4,392

5,201

91

202

10,286

15,324

5,267

10,297

4,185

4,000

140

142

692

825

1 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ checks, cash letters of credit, etc.

2 Deposits of the United States Government, including postal savings deposits, and of States and subdivisions.

* Admitted as a State January 3, 1959.

i Admitted as a State August 21, 1959.

6 Asset and liability data for 2 insured branches of a bank in California with deposits of $1,000 million or more. Data for these branches are not included in the figures for California

8 Includes asset and liability data for 13 insured branches of 2 banks in New York each with deposits of $1,000 million or more. Data for these branches are not included in the

figures for New York State.

Note: Due to rounding differences, amounts may differ slightly from those published elsewhere.

COASSETS AND LIABILITIES HELD BY VARIOUS SIZE GROUPS

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Federal Reserve Bank of St. Louis
PART THREE

LEGISLATION AND REGULATIONS

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F e d e r a l L e g i s l a t i o n

P u blic L a w 86— 230

A N ACT

To amend the national banking laws to clarify or eliminate ambiguities, to

repeal certain laws which have become obsolete, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United

States of America in Congress assembled . . .

Sec. 19. The fourth sentence of section 2 of the Federal Deposit Insurance

Act (12 U.S.C. 1812) is amended to read as follows: “In the event of a vacancy

in the office of the Comptroller of the Currency, and pending the appointment

of his successor, or during the absence or disability of the Comptroller, the

Acting Comptroller of the Currency shall be a member of the Board of

Directors in the place and stead of the Comptroller.” 1

Approved September 8, 1959.

AMENDMENT TO THE NATIONAL BANKING LAWS

P u blic L a w 86— 230

AN ACT

To amend the National banking laws to clarify or eliminate ambiguities, to

repeal certain laws which have become obsolete, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United

States of America in Congress assembled . . ,

Sec. 10. Section 5202 of the Revised Statutes (12 U.S.C. 82) is amended by

striking out the paragraph designated “ Sixth” and inserting in lieu thereof

the following:

“ Sixth. Liabilities incurred under the provisions of the Federal Deposit

Insurance Act.” . . .2

S ec. 18. Section 3 of the Act of June 30, 1876 (ch. 156, 19 Sta. 63; 12 U.S.C.

197), is amended to read as follows:

“ S ec. 3. (a) Whenever any national banking association shall have been or

shall be placed in the hands of a receiver, as provided in section fifty-two

hundred and thirty-four and other sections of the Revised Statutes of the

United States and section 11(c) of the Federal Deposit Insurance Act, and

when, as provided in section fifty-two hundred and thirty-six of the Revised

Statutes of the United States, there has been paid to each and every creditor

of such association whose claim or claims as such creditor shall have been

proved or allowed as therein prescribed, the full amount of such claims, and all

expenses of the receivership, the Comptroller of the Currency or the Federal

Deposit Insurance Corporation, where that Corporation has been appointed

receiver of the bank, shall call a meeting of the shareholders of the association

by giving notice thereof for thirty days in a newspaper published in the town,

1 73 Stat. 460

2 73 Stat. 458

AMENDMENT TO THE FEDERAL DEPOSIT INSURANCE ACT

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78 FEDERAL DEPOSIT INSURANCE CORPORATION

city, or county where the business of the association was carried on, or if no

newspaper is there published, in the newspaper published nearest thereto.

At such meeting* the shareholders shall determine whether the receiver shall

be continued and shall wind up the affairs of the association, or whether an

agent shall be elected for that purpose, and in so determining the shareholders

shall vote by ballot, in person or by proxy, each share of stock entitling the

holder to one vote, and the majority of the stock in number of shares shall be

necessary to determine whether the receiver shall be continued, or whether an

agent shall be elected. In case such majority shall determine that the receiver

shall be continued, the receiver shall thereupon proceed with the execution of

the trust, and shall sell, dispose of, or otherwise collect the assets of the association, and shall possess all the powers and authority, and be subject to all the

duties and liabilities originally conferred or imposed upon such receiver so far

as they remain applicable. In case such meeting shall, by the vote of a majority

of the stock in number of shares, determine that an agent shall be elected, the

meeting shall thereupon proceed to elect an agent, voting by ballot, in person

or by proxy, each share of stock entitling the holder to one vote, and the person

who shall receive votes representing at least a majority of stock in number

of shares shall be declared the agent for the purposes hereinafter provided;

and when such agent shall have executed a bond to the shareholders conditioned for the payment and discharge in full or, to the extent possible from the

remaining assets of the association, of each and every claim that may thereafter be proved and allowed by and before a competent court and for the

faithful performance of his duties, in the penalty fixed by the shareholders at

such meeting, with a surety or sureties to be approved by the district court of

the United States for the district where the business of the association was

carried on, and shall have filed such bond in the office of the clerk of such court,

the Comptroller and the receiver, or the Federal Deposit Insurance Corporation, where that Corporation has been appointed receiver of the bank, shall

thereupon transfer and deliver to such agent all the uncollected or other assets

of the association then remaining in the hands or subject to the order and

control of the Comptroller and such receiver, or either of them, or the Federal

Deposit Insurance Corporation; and for this purpose the Comptroller and such

receiver, or the Federal Deposit Insurance Corporation, as the case may be, are

severally empowered and directed to execute any deed, assignment, transfer,

or other instrument in writing that may be necessary and proper; and upon

the execution and delivery of such instrument to such agent the Comptroller

and such receiver or the Federal Deposit Insurance Corporation shall by virtue

of this Act be discharged from any and all liabilities to the association and to

each and all the creditors and shareholders thereof.

“ (b) Upon receiving such deed, assignment, transfer, or other instrument

the person elected such agent shall hold, control, and dispose of the assets and

property of the association which he may receive under the terms hereof for

the benefit of the shareholders of the association, and he may in his own

name, or in the name of the association, sue and be sued and do all other

lawful acts and things necessary to finally settle and distribute the assets and

property in his hands, and may sell, compromise, or compound the debts due

to the association, with the consent and approval of the district court of the

United States for the district where the business of the association was carried on, and shall at the conclusion of his trust render to such district court a

full account of all his proceedings, receipts, and expenditures as such agent,

which court shall, upon due notice, settle and adjust such accounts and disDigitized for FRASER 

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FEDERAL LEGISLATION 79

charge such agent and sureties upon such bond. In case any such agent so

elected shall die, resign, or be removed, any shareholder may call a meeting of

the shareholders of the association in the town, city, or village where the business of the association was carried on, by giving notice thereof for thirty days

in a newspaper published in such town, city, or village, or if no newspaper is

there published, in the newspaper published nearest thereto, at which meeting

the shareholders shall elect an agent, voting by ballot, in person or by proxy,

each share of stock entitling the holder to one vote, and when such agent shall

have received votes representing at least a majority of the stock in number of

shares, and shall have executed a bond to the shareholders conditioned for the

payment and discharge in full or, to the extent possible from the remaining

assets of the association, of each and every claim that may thereafter be

proved and allowed by and before a competent court and for the faithful performance of his duties, in the penalty fixed by the shareholders at such meeting, with a surety or sureties, to be approved by such court, and file such bond

in the office of the clerk of that court, he shall have all the rights, powers, and

duties of the agent first elected as hereinbefore provided. At any meeting held

as hereinbefore provided administrators or executors of deceased shareholders

may act and sign as the decedent might have done if living, and guardians of

minors and trustees of other persons may so act and sign for their ward or

wards or cestui que trust. The proceeds of the assets or property of any such

association which may be undistributed at the time of such meeting or may be

subsequently received shall be distributed as follows:

“First. To pay the expenses of the execution of the trust to the date of

such payment.

“ Second. To repay any amount or amounts which have been paid in by

any shareholder or shareholders of the association upon and by reason of

any and all assessments made upon the stock of the association by order of

the Comptroller of the Currency in accordance with the provisions of the

statutes of the United States.

“ Third. To pay the balance ratably among such stockholders, in proportion to the number of shares held and owned by each. Such distribution

shall be made from time to time as the proceeds shall be received and as

shall be deemed advisable by the Comptroller of the Currency, or the Federal

Deposit Insurance Corporation if continued as receiver of the bank under

subsection (a) of this section, or such agent, as the case may be.” . . .3

Approved September 8, 1959.

R u l e s a n d R e g u l a t i o n s o f t h e C o r p o r a t i o n

PAYMENT OF DEPOSITS AND INTEREST THEREON

BY INSURED NONMEMBER BANKS

GRACE PERIODS IN COMPUTING INTEREST ON SAVINGS DEPOSITS

The amendment of the rules and regulations of the Corporation, referred to

on page 12, is as follows:

Effective October 1, 1959 § 329.3(c) of the rules and regulations of the

Federal Deposit Insurance Corporation (12 CFR 329.3(c)) is amended to

read as follows:

a 73 Stat. 458

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80 FEDERAL DEPOSIT INSURANCE CORPORATION

(c) Grace periods in computing interest on savings deposits. An insured

nonmember bank may pay interest on a savings deposit received during the

first ten (10) calendar days of any calendar month at the applicable maximum rate prescribed pursuant to paragraph (a) of this section calculated

from the first day of such calendar month until such deposit is withdrawn

or ceases to constitute a savings deposit under the provisions of this part,

whichever shall first occur; and an insured nonmember bank may pay

interest on a savings deposit withdrawn during its last three (3) business

days of any calendar month ending a regular quarterly or semiannual

interest period at the applicable maximum rate prescribed pursuant to paragraph (a) of this section calculated to the end of such calendar month.

S t a t e B a n k i n g L e g i s l a t i o n

In 1959 the legislatures of forty-seven States held regular sessions. Thirteen

of these legislatures also held special sessions, along with the legislatures of

three other States.

This summary includes the more important State banking legislation

enacted in 1959.

SUPERVISORY AUTHORITY

Qualification of bank commissioner...................................................Maine (Ch. 178)

Disclosure of information by bank commissioner........................ Maine (Ch. 178)

Application f e e s ............................................................................... Minnesota (Ch. 88)

Examination fees ...........................................................................Alabama (Act 129),

Kansas (Ch. 61), Missouri (H.B. 322), Montana (Ch. 141), Ohio (H.B. 923),

Utah (Ch. 11)

Reports of condition..............................................................Massachusetts (Ch. 341)

Compensation of examiners......................................................... Missouri (H.B. 322)

Compensation of supervisory authority................................... Missouri (H.B. 322)

Restrictions on loans to officers and employees of banking department................

............................................................................................................New York (Ch. 248)

ORGANIZATION AND CHARTER CHANGES

Branch offices, agencies and facilities...........Alabama (Act 58— 1st Spec. Sess.,

Acts 22, 59, 196, 210, 289, H.B. 132), Connecticut (Act 278), Delaware (S.B.

65), Hawaii (Act 35), Indiana (Chs. 39, 125), Iowa (Ch. 332), Michigan (Act

248), Missouri (H.B. 568), Nebraska (Ch. 17), Texas (Ch. 123), Wisconsin

(S.B. 95)

Capital requirements............................................................................... Idaho (Ch. 86),

Minnesota (Ch. 88), Nebraska (Ch. 15), Nevada (Chs. 376, 377), South

Dakota (Ch. 15), Texas (Ch. 412), Vermont (Ch. 140)

Conversion of national bank into State bank...............................Vermont (Ch. 67)

Conversion of incorporated private banker to State bank and trust company

......................................................................................................... Connecticut (Act 17)

Corporate ownership of shares in banks........................................Alaska (Ch. 194)

Establishment of trust department by commercial banks.. .Nebraska (Ch. 19)

Increase of capital stock...................................................................... Hawaii (Act 36)

Capital notes and debentures..........................................New Hampshire (Ch. 109),

Utah (Ch. 12)

Par value of stock.................................................................. Missouri (H.B. 143, 144)

Authorization for trust companies to merge or consolidate with national bank

under Federal la w ...........................................................................Nebraska (Ch. 20)

Mergers and consolidations.......................................................New York (Ch. 466),

Washington (Ch. 118)

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STATE BANKING LEGISLATION 81

Limitation on sale, conversion, merger or consolidation within a stated period

after organization without approval of supervisor------Washington (Ch. 118)

GENERAL OPERATING PROVISIONS

Uniform Commercial Code..................................................................Connecticut (Act

133— effective Oct. 1, 1961), Massachusetts (Ch. 580), New Hampshire (Ch.

247— effective July 1, 1961), Pennsylvania (Act 426)

Interest on loans.......................................................................... Connecticut (Act 587)

Uniform gift to minors act......................................................... California (Ch. 709),

Illinois (H.B. 323), Kansas (Ch. 202), Maine (Ch. 154), New Mexico (Ch.

206), New York (Ch. 233), North Carolina (Ch. 1166), Oregon (Ch. 640),

Washington (Ch. 202)

Ratio of bank capital to deposits............................................Connecticut (Act 13),

Minnesota (Ch. 88), Nebraska (Ch. 14), Nevada (Ch. 377), South Dakota

(Ch. 15)

Banks uninsured by Federal Deposit Insurance Corporation must furnish

fidelity bond of 100% of average deposits and annually have independent

audit of every account........................................................................ Kansas (Ch. 60)

Preservation of bank records................................................................Maine (Ch. 87)

Power to make contributions.............................................. Pennsylvania (Act 353)

Independent or internal auditors, approved by Commissioner authorized in

lieu of directors1 examination.........................................................Maine (Ch. 159)

Bank may assume that fiduciary’s transactions by check are within scope of

his authority..........................................................................................Maine (Ch. 201)

Borrowing power.............................................................................Maryland (Ch. 483),

Pennsylvania (Act 523)

Grace period for deposits in savings bank........................ Massachusetts (Ch. 89)

Photographic reproduction of savings bank records............. New York (Ch. 80)

DEPOSITS

Deposits of and security for public funds..................................... Arizona (Ch. 46),

California (Ch. 168), Florida (Chs. 59-23, 59-25, 59-26, 59-389), Minnesota

(Ch. 289), Missouri (S.B. 28), Nebraska (Chs. 48, 263), Nevada (Chs. 39,

291, 369), New Hampshire (Ch. 197), New York (Ch. 294), North Carolina

(Ch. 1069), Ohio (H.B. 88, 656), Oklahoma (H.B. 728), Pennsylvania (Acts

43, 67, 74, 155, 213, 321), South Carolina (Acts 283, 308)

Adverse claims to deposits........................................................... Colorado (H.B. 282)

Final adjustment of statements of account between bank and depositor.. . .

...............................................................................................New Hampshire (Ch. 213)

Loss or destruction of pass books, termination of liability...................................

..........................................................................................................Connecticut (Act 10)

Uniform disposition of unclaimed property act............... New Mexico (Ch. 132)

Escheat of deposits................................................................................. Maine (Ch. 29),

Oregon (Ch. 138)

Payment of accounts of deceased persons. ....................................Maine (Ch. 45),

Washington (Ch. 41)

Tentative trust deposits...................................................................... Vermont (Ch. 54)

Limitation on amount of deposits from any person........................Massachusetts

(Chs. 176, 177), Washington (Ch. 41)

Accounts of minors............................................................. New Hampshire (Ch. 148)

Joint deposits with right of survivorship......................North Carolina (Ch. 404)

LOANS

Real estate loans...................................................................................................California

(Chs. 120, 666), Connecticut (Act 11), Georgia (Act 333), Maine (Ch. 7),

Michigan (Act 238), Montana (Ch. 25), New Jersey (Ch. 166, New York

(Ch. 241), Oregon (Ch. 383), Pennsylvania (Act 424), Rhode Island (Ch. 64),

Texas (Ch. 412)

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82 FEDERAL DEPOSIT INSURANCE CORPORATION

Loan limits.............................................. ...............................................................California

(Ch. 872), Missouri (H.B. 287, 288), Nebraska (Ch. 15), Texas (Ch. 412)

Determination of first lien on reality........................................California (Ch. 392)

Educational loans guaranteed or insured by Federal or State agency..................

........................ New Jersey (Ch. 121), Oklahoma (H.B. 508), Wyoming (Ch. 51)

Loans to Higher Education Assistance Corporations......................Rhode Island

(H.B. 1410)

Removal of minors nonage disability for educational loans......................Florida

(Ch. 59-268), New Jersey (Ch. 121), Oklahoma (H.B. 508), Rhode Island

(H.B. 1410), Wyoming (Ch. 51)

Installment loans......................................................................................Iowa (Ch. 333),

Michigan (Act 238), New Jersey (Ch. 180), New Mexico (Ch. 327), New

York (Chs. 620, 701)

Check-loans........................................................................................New Jersey (Ch. 91)

Loans to development corporation...................................................Maine (Ch. 104),

Maryland (Ch. 822), Michigan (Act 201), New York (Ch. 595), North

Carolina (Ch. 613), Ohio (H.B. 509), Oregon (Ch. 660), Pennsylvania

(S.B. 1093), Rhode Island (Ch. 108), Tennessee (Ch. 170), West Virginia

(Ch. 25)

Foreign corporation not deemed doing business by acquiring real estate

loans or holding property acquired thereunder........................Idaho (Ch. 173),

Tennessee (Ch. 28)

Unsecured loans of savings banks............................................. Maine (Chs. 26, 55)

INVESTMENTS

Real estate.................................................................................................................. Indiana

(Ch. 39), Nebraska (Ch. 15)

Securities-general provision................................................................Ohio (H.B. 510)

Stock of corporation holding real estate for conduct of bank business................

California (Ch. 117), Connecticut (Act 459), Florida (Chs. 59-22, 59-85),

Georgia (Act 372)

Stock of small business investment companies..................................... Connecticut

(Act 492), Florida (Chs. 59-24, 59-86), Georgia (Act 330), Indiana (Ch. 125),

Kansas (S.B. 289), Missouri (S.B. 48), Pennsylvania (Act 176), Tennessee

(Ch. 22), Washington (Ch. 185), Wisconsin (Ch. 384)

Obligations of Federal National Mortgage Association. West Virginia (Ch. 24)

Stock of Federal National Mortgage Association..........................................Florida

(Ch. 59-86), Hawaii (Act 131), Virginia (Ch. 9)

Obligations of Federal home loan banks........................ North Carolina (Ch. 364)

Obligations of State improvement or development commission.............................

......................................................................................................... Florida (Ch. 59-389)

Obligations of Federal Land Banks, Federal Intermediate Credit Banks

and Banks for Cooperatives.............................................................................Indiana

(Ch. 123), Nebraska (Ch. 263), Nevada (Ch. 39), Ohio (H.B. 656), Utah

(Ch. 13)

Savings bank investments:

General limitations ............................................................................................ Arizona

(Ch. 47), California (Ch. 561), Connecticut (Act 74), Minnesota (Chs.

88, 120), New Hampshire (Chs. 61, 229), Oregon (Ch. 185), Pennsylvania

(Act 353)

Obligations of Federal Home Loan Banks, Federal Land Banks, Federal

Intermediate Credit Banks or Central Bank for Cooperatives.. Connecticut

(Act 8), Pennsylvania (Act 84)

Obligations of Federal National Mortgage Association. .Connecticut (Act 8)

Investment company stocks...................................................Connecticut (Act 18)

Railroad obligations....................................................................New York (Ch. 407)

Public utility preferred stocks................................................ Connecticut (Act 9)

Obligation of cities of States of United States................Connecticut (Act 15)

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STATE BANKING LEGISLATION 8 3

Insured or guaranteed mortgage loans outside State.. .Connecticut (Act 14)

Mortgage investments................................................................................... New York

(Chs. 480, 880), Pennsylvania (Act 422), Washington (Ch. 41)

RESERVES

Computation of reserves on basis of daily deposit balances averaged over

semi-monthly periods........................................................... Connecticut (Act 274)

Reserve requirements........................................................................................Minnesota

(Ch. 88), Missouri (S.B. I ll, 193, 194), Nebraska (Ch. 16), Nevada (Ch.

478), Texas (Ch. 412), Washington (Ch. 106)

TRUST ACTIVITIES

Investment of trust funds..................................................................................... Hawaii

(Act 95), Indiana (Ch. 123), Nevada (Ch. 40), New York (Ch. 648), Ohio

(H.B. 656), Pennsylvania (Act 93), South Carolina (Act 387), West Virginia

(Ch. 8), Wisconsin (Ch. 233)

Common trust funds.............................................................................................. Georgia

(Act 354), New Hampshire (Ch. 253), Pennsylvania (S.B. 472, 975)

Uniform fiduciaries act....................................................................Missouri (S.B. 121)

Powers, duties, restrictions and liabilities of trustee of express trusts.............

....................................................................................................... Washington (Ch. 124)

Guardians authorized to deposit funds belonging to their wards in Federally

insured banks at interest.............................................. North Carolina (Ch. 1015)

Commercial banks authorized to act as executor or administrator........................

..................................................................................................................Nebraska (Ch. 18)

Establishment of trust department............................................. Nebraska (Ch. 19)

Stock of mutual trust investment company................................... Maine (Ch. 322)

Uniform act for simplification of fiduciary security transfers...........California

(Ch. 708), Colorado (H.B. 398), Nevada (Ch. 394), North Carolina (Ch.

1246), Rhode Island (Ch. 85), Tennessee (Ch. 246), Texas (Ch. 358),

Wisconsin (S.B. 86)

Supervision of trustees for charitable purposes..................................... California

(Ch. 1258), Iowa (Ch. 364), Maine (Ch. 244)

Interest on money held by trust company for any fiduciary account as principal

for investment................................................................................... Hawaii (Act 247)

Limitations on amount of uninvested trust funds........................ Indiana (Ch. 44)

Registration in name of nominee of stock and other securities held by bank or

trust company in fiduciary capacity.............................South Carolina (Act 386)

Provision for the enjoyment of benefits of trust, distribution of trust assets

and vesting of title to property subject to trust, where provisions of trust

instrument violate rule against perpetuities..................Washington (Ch. 146)

Proxy voting of corporate stock by fiduciaries....................Wisconsin (S.B. 228)

CHECKS AND COLLECTIONS

Time limit on stop payment orders on checks.................................................. Illinois

(H.B. 1401), Minnesota (Ch. 88), Washington (Ch. 106)

DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES

Loans by bank to its directors, officers or employees.............................California

(Ch. 390), Connecticut (Acts 16. 304), Hawaii (Act 37), Idaho (Ch. 87),

Washington (Ch. 165)

Compensation by savings banks................................................Connecticut (Act 19)

Stock options..........................................................................................Indiana (Ch. 268)

Employees retirement association..................................... Massachusetts (Ch. 197)

Vacancy in office of director on failure to attend board meetings for six months

unless excused by board........................................................... New York (Ch. 406)

Qualification of directors....................................................................................... Kansas

(S.B. 286), Nebraska (Ch. 15)

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84 FEDERAL DEPOSIT INSURANCE CORPORATION

Independent or internal auditors, approved by commissioner, authorized in lieu

of directors’ examination..................................................................Maine (Ch. 159)

Directors examination or audit...................................................................... Minnesota

(Ch. 88), Nevada (Ch. 377)

HOLIDAYS

Legal holidays ..........................................................................................................Alaska

(Ch. 183), Indiana (Ch. 345), Ohio (S.B. 263)

Saturday holidays ....................................................................................................... Idaho

(Ch. 133), South Carolina (Act 164), Utah (Ch. 18), Virginia (Ch. 66),

Wyoming (Ch. 54)

Banks authorized to close one business day of each week............. North Dakota

(Ch. 89), South Carolina (Act 194)

LIQUIDATION

Disposition and escheat of unclaimed property in hands of Director of

Financial Institutions received from any receiver, liquidating agent or

committee of any financial organization.................................Illinois (S.B. 791)

Winding up of affairs of corporation which has ceased its banking or trust

business...................................................................................................Oregon (Ch. 54)

MISCELLANEOUS

Regulation of sale of checks, drafts, money orders or other instruments for

transmission of money or credit............... .................................................... Colorado

(H.B. 102), Connecticut (Act 681), Illinois (S.B. 437), Maryland (Ch. 597),

Missouri (H.B. 238)

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PART FOUR

BANKING DEVELOPMENTS

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Insurance Coverage and Supervisory S tatu s op Banks

a t th e End o f 1959

Number and class of bank. A classification of the 14,004 banks 

and trust companies operating in the United States at the end of 

1959 is given in Table 23. Of these, 38 percent were national banks 

or banks located in the District of Columbia and subject to examination and supervision by the Comptroller of the Currency, 51 percent were State banks regularly examined by the Federal Deposit 

Insurance Corporation, and 12 percent were State banks examined 

by the Federal Reserve banks of the respective districts in which 

they are located. The remaining 4 percent were State banks, or 

unincorporated banks permitted by State law, not subject to 

examination or supervision by any Federal banking agency.

Table 2 3 . CLASSIFICATION OF BANKS ACCORDING TO SUPERVISORY STATUS

a n d F ederal D eposit I n s u r a n c e Pa r t ic ip a t io n , D ecem ber 3 1 ,1 9 5 9

Supervisory status

All banks

j Commercial banks

and trust

companies1

Mutual savings

banks

Total Insured Non- !

insured I

Insured NoninsuredInsured Noninsured

Number of banks and trust

companies— total........ 14,004 13,382 622 | 13,114 372 268 250

Banks of deposit..............

Examined by and reporting to:2

Comptroller of the

Currency:*....................

State authorities and

Federal Reserve banks4

13,949

4,549

1,686

7,147

567

13,382

4,549

1,686

7,147

567 13,114

4,549

1,683

6,882

317 268 250

3

State authorities and

Federal Deposit Insurance Corporation5.

State authorities only6. .

Trust companies not

regularly engaged in

deposit banking7..........

265

567 317 250

55 55 i 55

1

Percentage insured and

noninsured:

All banks and trust companies ................................

Banks of deposit.................

Trust companies not regularly engaged in deposit

banking...........................

100.0%

100.0

100.0

95.6%

95.9

i

4.4%

4.1

100.0

97.2%

97.6

.......... I

2.8%

2.4

i ioo.o

51.7%

51.7

48.3%

48.3

1 Includes stock savings banks.

2 Classification relates to regular examination and periodic submission of reports of condition (assets

and liabilities).

8 Includes all national banks and 7 nonnational banks in the District of Columbia; of the latter,

4 are members of the Federal Reserve System.

4 Includes all State banks that are members of the Federal Reserve System except 4 commercial

banks in the District of Columbia and 1 noninsured trust company.

5 Includes all insured banks not members of the Federal Reserve System except 3 in the District of

Columbia. Includes I unincorporated bank which is insured.

8 Includes 83 unincorporated banks located in seven States. Unincorporated banks in three of these

States are not examined by the State authorities: these banks and industrial banks in one other State

do not submit periodic condition reports to the State authorities. In 1959 only one State permitted the

establishment of new unincorporated banks.

7 Subject to supervision of State authorities only except for 1 which is a member of the Federal

Reserve System but not insured.

87

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8 8 FEDERAL DEPOSIT INSURANCE CORPORATION

All State banks are subject to examination by and operate 

under the supervision of State banking agencies. Under the 

Federal Banking Act of 1933, as amended in 1935 and 1959, 

all banks of deposit are required to submit to examination and 

regulation under the laws of the United States or of the State, 

Territory, or District wherein located.1 Consequently, except for 

unincorporated banks in three States for which arrangements 

have not yet been made for their examination and regulation 

by the State bank supervisory authority, all banks of deposit are 

subject to Federal or State regulation or to a combination of 

Federal and State supervision.

Table 24. ASSETS OP BANKS CLASSIFIED ACCORDING TO SUPERVISORY STATUS

an d F e d e ra l D ep osit In s u ra n c e P a r tic ip a tio n , D ecem ber 31,1959

Supervisory status1

All banks

Commercial banks

and trust

companies1

Mutual savings

banks

Total Insured Noninsured

Insured Noninsured

Insured Noninsured

Assets of banks and trust

companies (in m illions)— total.................. $284,358

284,148

133,325

72,574

69,265

8,983

210

100.0%

100.0

100.0

$275,166

275,166

133,325

72,574

69,265

$9,192

8,983

$243,423

243,423

133,325

72,544

37,553

$1,992

1,783

$31,743

31,743

$7,200

Banks of deposit.............. 7,200

Examined by and reporting to:

Comptroller of the

Currency.......................

State authorities and

Federal Reserve banks

State authorities and

Federal Deposit Insurance Corporation. .

State authorities only...

Trust companies not

regularly engaged in

deposit banking...........

30

31,712

8,983

210

3.2%

3.2

100.0

1,783

210

.8%

.7

100.0

i

7,200

Percentage in insured and

noninsured banks:

All banks and trust companies ................................ 96.8%

96.8

99.2%

99.3

81.5%

81.5

18.5%

Banks of deposit................. 18.5

Trust companies not regularly engaged in deposit

banking.............................

1 See notes to Table 23.

Note: Due to rounding, components may not add to total.

Many banks of deposit engage in fiduciary activities in addition 

to the maintenance of deposit accounts. In addition, there are 

some trust companies engaged in fiduciary business which do not 

regularly engage in deposit banking but are included in the statistics of banks and trust companies.2 Trust companies which do 

not regularly engage in deposit business are not eligible for partici1 United States Code, Title 12, section 378.

2 Trust companies which confine their business to activities associated with real estate titles

and transfers, the making of mortgage loans, or handling of family trusts, are excluded from

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INSURANCE COVERAGE AND SUPERVISORY STATUS OF BANKS 89

pation in Federal deposit insurance. Since 1935 unincorporated 

banks have been ineligible for admission to deposit insurance.

Assets and deposits. Tables 24 and 25 give, respectively, the total 

assets and the total deposits of the banks in the various categories 

shown in the preceding table. Insured banks hold 97 percent, and 

noninsured banks 3 percent, of the assets and deposits of all banks 

and trust companies. Nearly one-half of the assets and deposits 

of insured banks are in those examined by the Comptroller of the 

Currency, slightly over one-fourth in those examined by Federal 

Reserve banks, and one-fourth in those examined by the Federal 

Deposit Insurance Corporation.

Table 25. DEPOSITS OF BANKS CLASSIFIED ACCORDING TO SUPERVISORY STATUS

an d F e d e ra l D ep osit In s u r a n c e P a r tic ip a tio n , D ecem ber 31,1959

Supervisory status1

All banks

Total Insured Noninsured

Commercial banks

and trust

companies1

Insured Noninsured

Mutual savings

banks

Insured Noninsured

Deposits of banks and trust

companies (in millions)—total.................

Banks of deposit.........

Examined by and reporting to:

Comptroller of the

Currency.......................

State authorities and

Federal Reserve banks

State authorities and

Federal Deposit Insurance Corporation. .

State authorities only...

Trust companies not

regularly engaged in

deposit banking. . . .

$255,497

255,425

120,270

64,595

62,725

7,836

$247,589

247,589

120,270

64,595

62,725

$7,908

7,836

Percentage in insured and

noninsured banks:

All banks and trust companies ................................

Banks of deposit.................

Trust companies not regularly engaged in deposit

banking.............................

72

100.0%

100.0

100.0

96.9%

96.9

7,836

72

3.1%

3.1

100.0

$219,012

219,012

120,270

64,567

34,175

$1,503

1,431

$28,577

28,577

1,431

72

28

28,550

•7%

.6

100.0

81.7%

81.7

$6,405

6,405

6,405

18.3%

18.3

1 See notes to Table 23.

Note: Due to rounding, components may not add to total.

Capital accounts and capital ratios. Most of the difference between the total assets and the deposits of banks consists of their 

capital accounts, since banks have relatively small amounts of 

borrowings or other liabilities. Table 26 shows the ratios of total 

capital accounts to total assets, at the end of 1959, for the major 

groups of banks in the preceding tables. For all insured banks, 

the ratio of total capital accounts to total assets was 8.0 percent.

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90 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 26. C a p ita l A c c o u n t R a tio s o f B a n k s o f D ep osit C la s s ifie d

A cco rd in g to S u pervisory S ta tu s a n d F e d e r a l D ep osit

I n s u r a n c e P a r tic ip a tio n , D ecem ber 31,1959

Supervisory status1

All banks of deposit

Commercial banks

and trust

companies

Mutual savings

banks

Total Insured Noninsured

Insured NoninsuredInsured Noninsured

All banks of deposit...........

Examined by and reporting to:

Comptroller of the

Currency.......................

8.0%

7.8

8.0%

7.8

10.8%

i OS CC

14.6% 8.4% 9.8%

State authorities and

Federal Reserve banks 8.2 !! 8.2 8.2 10.0

State authorities and

Federal Deposit Insurance Corporation. .

State authorities only...

8.1 I 8.1 7.9 8.4

10.8 ! 10.8 i | 14.6 j 9,8

! 1

1 See notes to Table 23.

B a n k i n g D e v e l o p m e n t s i n 1959 a n d A n n u a l l y Sin c e 1947

Number of banking offices. At the end of 1959 the banks were 

operating 24,242 offices. Of these, 48 percent were unit banks, 10 

percent were head offices of banks operating branches, and 42 percent were branches. In 1947, only 23 percent of the offices were 

branches. In 1959, as in each of the three preceding years, the 

total number of offices increased nearly 3 percent. The number of 

banks, on the other hand, decreased slightly.

Total banking offices at the end of each year from 1947 to 1959, 

and the number of banks and branches, respectively, are given in 

Table 27. The same table shows for each year the percentage 

change from the previous year in the number of offices and in the

Table 27. A n n u a l C h a n g e s IN BANKING OFFICES, AND POPULATION PER

O ffic e , in t h e U n ite d S ta t e s (S t a t e s an d O th e r A r e a s ), 1947-1959

December

31

Number

Percentage of

total offices

Percentage change from

previous December 31

Population

per

office

Total

banking

offices

Banks Branches Banks Branches

Total

banking

offices

Banks Branches

1959 24,242 14,004 10,238 57.8% 42.2% 2.9% - .4 % 7.8% 7,407

1958 23,558 14,060 9,493 59.7 40.3 2.8 - . 5 8.2 7,498

1957 22,907 14,130 8,777 61.7 38.3 2.7 - . 6 8.3 7,579

1956 22,315 14,209 8,106 63.7 36.3 2.9 — .5 9.7 7,640

1955 21,676 14,285 7,391 65.9 34.1 2.4 - . 9 9.5 7,728

1954 21,160 14,409 6,751 68.1 31.9 1.8 -1 .0 8.4 7,765

1953 20,780 14,553 6,227 70.0 30.0 1.6 - . 4 6.8 7,768

1952 20,449 14,616 5,833 71.5 28.5 1.5 - . 3 6.2 7,769

1951 20,156 14,662 5,494 72.7 27.3 1.5 — .2 6.5 7,762

1950 19,851 14,693 5,158 74.0 26.0 1.3 — .3 6.0 7,769

1949 19,594 14,730 4,864 75.2 24.8 1.2 - . 1 5.4 7,739

1948 19,363 14,750 4,613 76.2 23.8 1.0 - . 1 4.7 7,697

1947 19,171 14,763 4,408 77.0 23.0 1.1 .1 4.5 7,635

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BANKING DEVELOPMENTS IN 1959 AND ANNUALLY SINCE 1947 91

number of banks and branches, respectively; and, in addition, the 

population per office at the end of each year.

Since 1952 the number of banking offices has increased a little 

faster than the population of the Nation. Population per banking 

office has declined from a figure of nearly 7,800 in the early years 

of the decade to approximately 7,400 at the end of 1959.

Annual growth in total assets and in the major categories of assets.

During 1959 bank assets increased by 2.3 percent. This was the 

smallest rate of growth of bank assets since 1949; and contrasts 

with 7.2 percent in 1958, which was the largest annual increase 

since the end of World War II. The average annual rate of growth 

in bank assets during the past twelve years was 4.1 percent. The 

amount of total bank assets at the end of each of the last three 

years, and at the end of 1947, together with percentage changes 

each year from 1948 to 1959 and similar figures for five major 

categories of assets, are shown in Table 28.

Table 28. MAJOR CATEGORIES OF ASSETS OF ALL BANKS IN THE UNITED STATES

( S t a te s an d O th e r A r e a s ), D ecem ber 31, 1959, a n d S e le c te d P rio r Y e a rs ,

an d A n n u a l P erc e n ta g e C h a n g e s, 1948-1959

Date or period

j

Total

assets

Cash

and

funds

due from

banks

0. S.

Government

obligations

Other

securities

Loans

and

discounts1

Miscellaneous

assets

Amount (in m illions):

December 31, 1959................. 8284,358 $50,362 $65,882 $26,131 $136,410 $5,574

December 31, 1958................. : 277,880 50,147 73,935 26,390 122,287 5,121

December 31, 1957................ 259,188 49,539 66,066 23,051 115,760 4,771

December 31, 1947............ .. . 176,024 j 38,560 81,637 10,760 43,231 1,835

Percentage change:

1948-1959 average-............... 4.1% j 2.2% -1.8% . 7.7% 10.0% 9.7%

1959........... ............... 2.3 !1 .4 -1 0 .9 i -1 .0 11.5 8.8

1958........................ 7.2 i 1.2 11.9 ! 14.5 5.6 7.3

1957 2 9 j _ .6 —1.1 i 12.1 4.6 15.1

1956...................................... 3.6 | 3.9 - 5.0 | - . 9 io!o 18^9

1955....................................... ! 4.5 i 7.2 -9 .9 1.1 16.9 4.1

1954....................................... 5.2 j —2.7 7.0 11.2 6.3 15.6

1953....................................... 2.9 - .2 | 5.8 6.6 8.1

1952. 5.4 II .1 2.0 | 9.1 11.7 4.7

1951....................................... 6.0 10.9 7.9 12.0 11.8

1950 6.8 j! 12.4 -7 .1 '• 16.8 21.8 8.8

1949....................................... 2.3 iS -7 .5 5.8 10.6 2.8 2.4

1948....................................... (s) i

: i

2.8 -8 .8 6.6 12.1 11.9

1 Net of valuation reserves.

2 Average annual rate of change computed by using compound interest formula.

* Increase of less than .05 percent.

Note: Due to rounding, components may not add to total.

Both the average and the annual rates of growth in each of the 

major categories of assets differ substantially from the average 

rate of growth for all assets. For the period since 1947 loans and 

discounts increased at an average rate of 10.0 percent per year, 

while holdings of United States Government obligations declined

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Federal Reserve Bank of St. Louis
92 FEDERAL DEPOSIT INSURANCE CORPORATION

an average of 1.8 percent and other securities increased by 7.7 

percent per year. The differences in the annual rates of change 

in the holdings of different types of assets are illustrated by 1958 

and 1959. In 1959 the banks’ holdings of United States Government obligations decreased by 10.9 percent, while their loans and 

discounts increased by 11.5 percent. In the preceding year their 

holdings of United States Government obligations had increased 

by 11.9 percent and loans and discounts by only 5.6 percent.

Major categories of loans. At the end of 1959 real estate loans 

comprised 38 percent, commercial and industrial loans (including 

loans to financial institutions other than banks) 34 percent, and 

loans to individuals for household, family, and other personal 

expenditures 18 percent, of all loans. Of these three categories, 

loans to individuals showed the highest rate of growth since 1947, 

with an increase of 13 percent per year, and commercial and 

industrial the lowest at 8 percent per year. The amounts of loans 

in these and other categories at the end of each of the last three 

years and at the end of 1947, with percentage changes each year 

from 1948 to 1959, are shown in Table 29.

Table 2 9. MAJOR CATEGORIES OF LOANS OF ALL BANKS IN THE UNITED STATES

(S ta te s a n d Oth e r A r e a s ) , D ecem ber 31, 1959, a n d Selected P rior Y ear s,

a n d A n n u a l Per cen tag e C h a n g e s , 1948-1959

Date or period

Total

loans1

Commercial

and

industrial2

Agricultural^

(except

real

estate)

For

carrying

securities

Real

estate

loans

Other

loans

to individuals

All

other

Amount (in m illions):

December 31, 1959......... $138,812 $47,622 $5,030 $4,877 $53,137 $24,509 $3,637

December 31, 1958......... 124,476 40,771 4,993 4,698 48,786 21,034 4,194

December 31, 1957......... 117,760 40,825 4,087 4,250 44,506 20,512 3,581

December 31, 1947......... 43,231 18,295 1,679 2,075 14,302 5,791 1,090

Percentage change:

1948-1949 average4. . . . 10.2% 8.3% 5 9.6% 7.4% 11.6% 12.8% 13.0%'

1959............................... 11.5 (7) .7 3.8 8.9 16.5 (8)

1958............................... 5.7 - . 1 22.2 10.5 9.6 2.5 17.1

1957............................... 4.8 4.8 -2 .2 -1 .7 4.8 7.3 6.3

1956............................... 10.1 16.5 -7 .0 -1 4 .9 10.4 9.8 6.4

1955............................... 16.9 23.6 -1 4 .0 13.3 14.5 16.5 55.5

1954............................... 6.4 -1 .1 4.8 24.8 12.7 2.1 20.5

1953............................... 6.6 -2 .4 26.4 12.6 9.4 14.0 - 3 .4

1952............................... 11.6 7.7 15.1 23.3 10.5 21.1 2.9

1951............................... 11.9 18.0 17.2 -1 0 .3 12.4 3.4 6.6

1950............................... 21.8 28.3 -4 .8 8.4 19.5 25.5 35.3

1949............................... 3.1 -9 .8 6.3 14.0 9.9 17.2 2.7

1948............................... 13.6 4.2 72.4 12.4 16.8 20.2 5.2

1 Includes valuation reserves, which are excluded from net loans in Table 28.

5 For December 31, 1959, includes loans to financial institutions other than banks, which were not

separately reported for previous dates. Data for Federal Reserve member banks on both the old and new

classifications for June 10, 1959, indicate that about four-fifths of the loans to financial institutions other

than banks were included with commercial and industrial loans and about one-fifth with “all other” loans.

8 Not comparable with figures for prior dates because of change in classification (see note 2).

4 Average annual rate of change computed by using compound interest formula.

5 Slightly exaggerated because of the change in classification (see note 2).

8 Average for 1948-1958.

7 Estimated at about 14 percent, after allowance for change in classification.

8 Not computed because of change in classification.

Note: Due to rounding, components may not add to total.

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BANKING DEVELOPMENTS IN 1959 AND ANNUALLY SINCE 1947 93

Variations in the annual changes with respect to the various 

loan categories are very large in comparison with the variations 

in total loans and particularly in comparison with changes in bank 

assets. For the period since 1947, the annual changes in commercial and industrial loans ranged from an increase of 28 percent 

in 1950 to a decrease of nearly 10 percent in the preceding year. 

In the case of loans to individuals for household, family, and other 

personal expenditures the most rapid increase also occurred in 

1950, with an expansion of 25 percent, while the slowest was 

2 percent in 1954. Real estate loans increased in each year in the 

period, ranging from 19 percent in 1950 to 5 percent in 1957.

Growth in deposits and capital accounts. In general, average percentage changes in total bank deposits are similar to those in total 

assets. Nevertheless, because of the fact that capital accounts, and 

also miscellaneous liabilities, may increase more or less rapidly 

than total assets, there is sometimes a noticeable difference in the 

rates of growth of total deposits and total assets. This is illustrated by the differences between their rates of growth in 1958 

and 1959. In 1958, when bank assets grew by 7.2 percent, total 

deposits grew by 7.3 percent; but in 1959, when the growth in 

bank assets was 2.3 percent, total deposits grew by only 1.7 percent. The increase in total deposits during 1959 was the lowest 

rate of annual increase since 1948, while the increase of 7.3 percent in 1958 was the highest during the same period.

In Table 30, which gives percentage rates of growth for each 

year of the period from 1948 to 1959 for total capital accounts, 

total deposits, and various types of deposits, it is shown that there 

is considerable variation in the annual rates of growth of the 

different types of deposits. For the 1948-1959 period business 

and personal demand deposits, which include all demand deposits 

except those of governments and other banks, increased by an 

average of 2.9 percent per year, while time and savings deposits 

of the same group of holders increased by 5.2 percent per year. 

The range in the annual rates of change for business and personal 

demand deposits was from an increase of 9.8 percent in 1950 to a 

decrease of 2.9 percent in 1948, while that for business and personal time and savings deposits was from an increase of 10.1 percent in 1958 to an increase of 1.4 percent in 1950. The average 

annual rate of growth of deposits of States and their subdivisions, 

which are largely demand deposits, was higher than that of business and personal demand deposits. Deposits of the United States 

Government were much more volatile, and the same is true of 

interbank deposits.

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94 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 3 0 . T otal Ca p it a l A c c o u n ts, T otal D epo sits, a n d M ajo r Categories

of D eposits of A ll Ba n k s in t h e U n ited S ta te s (S ta te s a n d Oth e r

A r e a s) , D ecem ber 3 1 ,1 9 5 9 , a n d Selected P rior Y e a r s, a n d

A n n u a l Percen tag e C h a n g e s, 1948-1959

Date or period

Total

capital

accounts

Amount (in millions)

December 31, 1959. .

December 31, 1958. .

December 31, 1957. .

December 31, 1947. .

Percentage change:

1948-1959 average8. .

1959.........................

1958.........................

1957.........................

1956.........................

1955.........................

1954...........................

1953...........................

1952.........................

1951.........................

1950...........................

1949.........................

1948.........................

$22,973

21,822

20,536

11.997

Total

deposits

Business and

personal deposits

Demand1

Time

and

savings

Government

deposits

States

and subdivisions

$255,497 j! $120,389

251,332 || 119,728

234,178 i! 113,780

162,041 ;i 85,319

5.6% 3.9% i 2.9% 5.2%

5.3 1.7 1 -2 .7 4.1

6.3 7.3 ! 5.2 10.1

6.1 2.4 1 -1 .3 8.8

6.3 3.2 Ii 1.7 5.5

4.9 4.4 1| 5.9 4.8

7.1 5.0 !ij 3.5 7.1

4.9 2.8 Iit .3 7.2

5.1 5.3 !; 2.9 7.7

5.7 6.0 1ij 6.3 4.1

5.7 6.6 |! 9.8 1.4

4.9 2.0 !!! -6 2.0

4.6 - . 4 ;i ~ 2-9 1.7

$97,883

94,012

85,403

53,355

$14,749

14,722

13,655

8,561

4.69

.2

7.8

5.0

1.8

2.5

7.0

9.0

5.8

5.8

6.6

4.6

9.9

United

States

Interbank

deposits2

$5,352 $17,123

4,644 18,226

4,268 17,072

2,515 12,291

6.5% 2.8%

15.2 -6 .1

8.8 6.8

3.4 -3 .2

(4) 5.7

-1 0 .3 -1 .0

1.3 5.3

-1 5 .1 4.1

44.5 1.6

21.0 7.6

-7 .8 10.5

31.9 3.6

64.0 -5 .8

1 Includes certified checks, letters of credit, etc.

2 Includes postal savings deposits.

8 Average annual rate of change computed by using compound interest formula.

4 Negligible change.

Note: Due to rounding, components may not add to total.

Capital ratios. The differences in the rates of growth of assets 

and deposits, on the one hand, and that of capital accounts, on the 

other, result in changes in the ratio of total capital accounts to 

total assets and to total deposits. For all banks the ratio of total 

capital accounts to total assets increased from 6.8 percent at the 

end of 1947 to 8.1 percent at the end of 1959; and the ratio of 

total capital accounts to total deposits increased from 7.4 percent 

at the end of 1947 to 9.0 percent at the end of 1959. The increase 

in these ratios has been fairly steady, but has shown some variation from year to year.

C h a n g e s i n B a n k A sse t s a n d D e p o sit s b y S t a t e s ,

1958 a n d 1959

Changes in bank assets and deposits, and in the various categories of assets and deposits, were not uniform throughout the 

Nation. Table 31 shows for 1958 and 1959 the percentage changes 

in the deposits of all banks in each State and each Federal Deposit 

Insurance Corporation district, and also the percentage changes 

in holdings of the three major types of earning assets: loans, 

United States Government obligations, and other securities.

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CHANGES IN BANK ASSETS AND DEPOSITS BY STATES 95

Table 3 1 . PERCENTAGE CHANGES IN DEPOSITS, TOTAL LOANS, AND HOLDINGS

of U n it e d S t a te s G o v e r n m e n t Ob lig a t io n s a n d of Oth e r Se c u r itie s, A ll

B a n k s in E a c h S tate a n d F ederal D eposit I n s u r a n c e C orporation

D istrict in 1958 a n d in 1959 1

FDIC District

and State

Total deposits Total loans

(net)

United States

Government

obligations

Other securities

1959 1958 1959 1958 1959 1958 1959 1958

United States— total. . 1.7% 7.3% 11.5% 5.6% -1 0 .9 % 11.9% -1 .0 % 14.5%

District 1— total. . . . 2.7 5.7 10.2 5.8 -4 .7 5.9 - 2 .5 9.3

Maine......................... 3.3 6.6 11.3 7.7 -6 .3 8.0 6.5 6.0

New Hampshire. . . . 4.8 6.4 9.9 7.4 2.2 5.0 -1 .3 3.9

Vermont.................... 3.6 6.2 8.4 8.1 .4 2.6 .6 9.9

Massachusetts.......... 2.2 6.0 9.2 5.0 -2 .9 8.2 -6 .5 10.5

Rhode Island............ 3.6 4.2 10.6 4.1 -6 .3 8.7 3.1 2.2

Connecticut.............. 3.1 4.8 12.4 7.4 -1 0 .3 - . 4 .1 10.9

District 2— total2. . . . .1 7.7 10.2 5.3 -1 9 .0 12.5 -2 .2 19.1

New York................. - . 5 7.9 9.9 5.2 -2 1 .7 13.5 -3 .5 20.8

New Jersey............... 3.8 6.3 11.7 5.6 -4 .8 8.5 4.4 13.5

Delaware................... 3.6 3.0 13.3 3.7 -3 .3 4.1 -3 .6 12.4

Puerto Rico.............. 14.4 10.8 23.6 7.5 12.0 7.6 2.0 5.9

District 3— total. . . . 1.3 4.1 10.4 2.3 -9 .9 9.3 - . 3 9.3

Pennsylvania............ 1.2 5.0 10.5 2.3 -1 0 .8 10.8 - . 5 11.5

Ohio............................ 1.5 2.9 10.2 2.3 -8 .8 7.5 .3 4.1

District 4— total. . . . 2.0 7.0 11.6 6.5 -7 .7 10.1 - 1 .4 13.4

District of Columbia -2 .9 7.2 6.3 3.1 -7 .0 16.0 -1 6 .9 12.4

Maryland.................. 1.2 5.5 12.5 7.2 -9 .8 3.7 - . 2 16.6

Virginia...................... 2.6 6.9 11.8 6.9 -7 .4 10.9 -4 .5 15.8

West Virginia........... 2.9 2.8 8.9 4.0 - .9 3.1 10.0 7.6

North Carolina........ 2.8 10.4 14.5 7.1 -1 5 .6 23.1 -2 .3 12.5

South Carolina........ 6.2 8.3 11.8 10.8 5.2 5.2 6.5 7.1

District 5— total. . . . 5.1 10.2 14.5 10.8 -2 .8 15.3 1.5 17.3

Georgia...................... 4.3 8.4 14.9 7.5 -1 2 .3 21.2 -2 .7 17.5

Florida....................... 5.4 10.3 16.5 11.8 .6 12.7 2.0 20.6

Alabama.................... 3.4 9.9 11.8 11.3 — 4.5 14,3 .1 14.8

Mississippi................ 8.5 14.0 10.7 15.3 7.8 15.1 6.5 14.1

District 6— total. . . . 2.7 7.0 11.3 5.5 -5 .4 13.0 - . 1 15.3

Kentucky.................. 2.7 4.5 11.2 4.0 -1 .4 i1 8.3 -2 .2 3.7

Tennessee.................. 5.6 9.1 12.4 7.1 -2 .5 14.3 3.6 20.2

Missouri..................... .4 6.5 11.2 3.5 -9 .6 15.7 -3 .8 17.7

Arkansas.................... 7.3 9.3 9.0 15.6 3.6 5.6 8.3 10.1

District 7— total. . . . 2.4 5.3 13.5 4.5 -8 .0 7.9 4.4 13.4

Indiana...................... 2.3 4.8 13.9 3.5 -5 .3 6.6 -3 .5 9.6

Michigan................... 2.6 3.5 13.6 4.1 -1 0 .4 5.2 7.5 16.6

Wisconsin.................. 2.2 9.4 13.0 6.4 -6 .7 14.7 3.7 9.7

District 8— total. . . . - . 4 6.2 13.5 2.1 -1 2 .1 12.9 2.3 10.5

Illinois........................ .1 5.5 14.5 .3 -1 1 .3 13.3 3.0 10.5

Iowa........................... -3 .0 10.2 8.7 11.3 -1 6 .6 10.2 -1 .3 10.4

District 9— total. . . . - . 1 9.0 10.4 8.4 -7 .7 14.1 -1 .1 10.7

Minnesota................. (s) 8.2 11.4 6.9 -8 .5 15.5 -3 .6 7.6

North Dakota.......... .3 9.0 3.5 10.8 -3 .8 5.5 7.3 17.7

South Dakota.......... - . 5 15.7 7.7 14.6 -4 .4 19.7 .9 22.9

Montana................... - .9 7.4 11.4 10.6 -1 1 .9 13.0 | - . 6 10.7

District 10— total___ .4 9.7 8.6 14.4 -4 .2 8.7 j .5 7.1

Nebraska................... -3 .7 14.2 6.9 19.1 -9 .2 9.8 — 5.8 7.7

Kansas....................... 1.1 8.6 2.6 17.8 1.2 3.2 2.0 9.0

Oklahoma.................. .9 7.5 9.9 7.9 -2 .3 13.9 .6 4.8

Colorado.................... 2.4 10.2 14.1 15.6 -9 .2 9.1 2.8 4.5

Wyoming................... 1.5 9.9 12.1 12.0 -3 .4 6.5 5.6 15.2

District 11— total___ 2.4 9.4 8.3 11.2 -2 .9 11.6 5.7 | 16.7

Louisiana................... 4.2 1.0 11.4 5.6 .3 2.5 2.7 .8

Texas.......................... .9 11.1 5.7 12.3 -2 .9 14.0 6.5 21.4

New Mexico............. 4.0 12.1 5.4 17.4 -1 .1 11.1 13.8 19.5

Arizona...................... 13.1 14.3 26.5 10.2 -1 6 .2 21.0 3.2 29.8

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96 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 31. PERCENTAGE CHANGES IN DEPOSITS, TOTAL LOANS, AND HOLDINGS

op U n it e d Sta t e s G o v e r n m e n t Ob lig a tio n s a n d of Ot h e r Se c u r itie s, A ll

B a n k s in E a c h S ta t e a n d F ederal D eposit I n s u r a n c e C orporation

D istrict in 1958 a n d in 1959 1— Continued

FDIC District

and State

Total deposits Total loans

(net)

United States

Government

obligations

Other securities

1959 1958 1959 1958 1959 1958 1959 1958

District 12— total4. . . 4.5% 9.5% 16.9% 5.3% -1 5 .1 % 19.5% -7 .1 % 17.5%

Idaho.......................... 1.2 11.4 8.1 14.6 -1 0 .8 7.9 -6 .6 45.3

Utah........................... 4.3 8.6 10.5 12.2 -6 .4 9.2 .3 14.9

Nevada...................... 10.2 13.2 27.3 8.8 -2 .7 11.1 -8 .3 58.9

Washington.............. 3.2 6.7 14.3 3.1 -1 4 .2 17.7 -9 .5 8.4

Oregon....................... 2.1 10.4 14.8 9.2 -8 .9 11.7 -1 1 .6 20.5

California.................. 4.5 9.7 17.4 4.5 -1 7 .2 22.2 -7 .1 17.7

Alaska........................ 1.7 11.4 25.0 10.2 -1 1 .7 14.8 -6 .2 .8

Hawaii....................... 15.8 10.1 24.3 16.5 9.5 4.3 17.9 10.1

1 Computed from data for December 31, 1957, 1958, and 1959.

2 Includes Virgin Islands.

8 Less than .05 percent.

4 Includes Pacific Islands and Panama Canal Zone.

Deposit growth by State. In 1959, when the average growth in 

deposits throughout the entire United States was 1.7 percent, the 

range by States was from an increase of 16 percent in Hawaii 

and 13 percent in Arizona to a decrease of nearly 4 percent in 

Nebraska. In 1958, when the average rate of growth in deposits 

in the entire United States was 7.3 percent, all States showed an 

increase in deposits, at rates ranging from 16 percent in South 

Dakota to 1 percent in Louisiana.

Growth rates for major types of earning assets. Growth rates for 

total assets among the different States, which are not shown in the 

table, are similar, though with a slightly narrower range, than the 

growth rate for total deposits. For the three major components 

of earning assets—total loans, United States Government obligations, and other securities—there is much more variation than in 

total assets or total deposits. In 1959 the growth in bank loans 

ranged from 3 percent in Kansas to 27 percent in Nevada. For 

holdings of United States Government obligations, the change 

during 1959 ranged from a decrease of 22 percent in New York 

to an increase of 10 percent in Hawaii and 12 percent in Puerto 

Rico; and for holdings of other securities from a decrease of 17 

percent in the District of Columbia and 12 percent in Oregon to 

an increase of 14 percent in New Mexico and 18 percent in Hawaii.

A ssets and Liabilities of the E ntire Ba n k in g and

Currency System

When insurance of bank obligations was first inaugurated in the 

United States, in New York and Vermont in 1829, most commercial banks issued circulating notes, and the insurance systems in

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Federal Reserve Bank of St. Louis
THE BANKING AND CURRENCY SYSTEM 97

those States covered both circulating notes and deposits. Subsequent to 1866 only national banks issued circulating notes because 

of the prohibitive tax levied by Congress on such issues by State 

banks. After establishment of the Federal Reserve System in 1914 

the circulating notes issued by Federal Reserve banks greatly 

exceeded in amount those issued by national banks, and such issues 

by national banks ceased in 1936. Circulating notes issued by 

national banks and by the Federal Reserve banks were fully guaranteed by the United States Government; in fact, Federal Reserve 

notes are a direct obligation of the Federal Government, like the 

United States notes and minor coins issued by the Treasury.

The purpose of the guaranty of circulating notes by the Federal 

Government, whether issued by commercial or Federal Reserve 

banks, and that of insurance of bank deposits is the same: namely, 

to provide assurance that means of payment will not be lost 

through bank failures. Bank deposits, circulating notes of banks, 

and the circulating notes and coins issued by the United States 

Treasury all serve the same basic role in the economic affairs of 

the nation, namely, as means of payment or a cash reserve available for immediate or later use. Consequently, it is important to 

examine the annual changes in the entire banking and currency 

system. The banking and currency system of the United States 

includes not only the commercial and mutual savings banks, but 

also Federal Reserve banks, the postal savings system, the gold 

accounts and currency issues of the Treasury, and the Exchange 

Stabilization Fund.

Total assets and net total deposits and circulating currency of the

entire banking and currency system. Table 32 gives the total assets, 

or total liabilities and capital accounts, of the entire banking and 

currency system of the United States, at the close of each year 

from 1947 to 1959, and also a classification of the liabilities and 

capital accounts. The basic classification is three-fold: claims of 

other parts of the banking and currency system; capital accounts 

and miscellaneous liabilities; and net total deposits and circulating currency. The claims of other parts of the banking system 

represent liabilities which are owed to, and therefore constitute 

assets of, other parts of the banking and currency system. They 

include interbank deposits, a portion of other deposits equal to 

cash items in process of collection, the member bank reserve balances and nonmember clearing accounts at the Federal Reserve 

banks; and the currency held by the banks or the Federal Reserve 

banks. Capital accounts and miscellaneous liabilities of the entire 

banking and currency system consist largely of the capital accounts

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98 FEDERAL DEPOSIT INSURANCE CORPORATION

of commercial and savings banks, but the category also includes 

their borrowings and miscellaneous liabilities, the capital of the 

Exchange Stabilization Fund, and miscellaneous liabilities of the 

Federal Reserve banks and postal savings system.

Table 3 2 . N et T otal D eposits a n d Cir c u l a t in g C u r r e n c y, a n d Oth e r

L ia b il it ie s a n d Ca p it a l A c c o u n ts of t h e E n t ir e Ba n k in g a n d Cu r r e n c y

Sy s t e m , D ecem ber 3 1 ,1 9 4 7 -1 9 5 9 , a n d A n n u a l P ercentage C h a n g e s

Total

assets,

or total

Claims of

(i.e.,

owed to)

other

parts

i

Capital

accounts

and

Net

total

deposits

Ownership distribution of

net total deposits and

circulating currency

Date or period liabilities

and

capital

accounts1

of the

banking

and

currency

system2

miscellaneous

liabilities®

and

circulating

currency4 Foreign5

United

States

Government6

Other

holders7

Amount Dec. 31,

(In millions):

1959............................... $393,962 $107,394 $29,379 $257,187 $6,131 $6,560 $244,496

1958............................... 387,353 106,094 27,796

26,218

253,462 6,877 5,678 240,907

1957............................... 370,526 106,412 237,897 6,005 5,745 226,147

1956.............................. 362,513 106,212 24,547 231,754 5,939 5,387 220,428

1955............................... 352,458 103,554 22,724 226,178 5,722 5,357 215,099

1954............................... 340,208 98,437 21,799 219,973 5,857 5,904 208,212

1953............................... 331,015 100,534 20,272 210,205 5,110 5,617 199,478

1952............................... 325,151 100,544 19,329 205,277 4,876 7,001 193,400

1951............................... 310,444 97,806 18,232 194,406 4,471 5,190 184,745

1950............................... 294,653 92,054 16,990 185,612 4,772 5,096 175,742

1949............................... 282,683 88,350 15,712 178,622 4,532 5,470 168,620

1948............................... 283,829 91,737 14,849 177,242 4,431 4,801 168,010

1947............................... 280,583 89,939 14,039 176,607 4,089 3,546 168,972

Percentage change:

1948-1959 average:8___ 2.9% 1.5% 6.3% 3.2% 3.4% 5.3% 3.1%

1959............................... 1.7 1.2 5.7 1.5 -1 0 .8 15.5 1.5

1958............................... 4.5 - . 3 6.0 6.5 14.5 -1 .2 6.5

1957 ................... 2.2 .2 6.8 2.7 | 1.1 6.6 2.6

1956............................... 2.9 2.6 8.0 2.5 ! 3.8 .6 2.5

1955............................... 3.6 5.2 4.2 2.8 i -2 .3 -9 .3 3.3

1954............................... 2.8 -2 .1 7.5 4.6 : 14.6 5.1 1 4.4

1953 ................... | 1.8 (9) 4.9 2.4 : 4.8 -1 9 .8 ! 3.1

1952............................... | 4.7 2.8 6.0 5.6 i 9.1 34.9 1 4.7

1951............................... 5.4 6.2 7.3 4.7 j -6 .3 1.8 | 5.1

1950............................... 4.2 4.2 8.1 3.9 5.3 -6 .8 4.2

1949............................... - . 4 -3 .7 5.8 .8 !i 2.3 13.9 .4

1948............................... 1.2 2.0 5.8 •4 j 8.4 35.4 - . 6

1 Sum of total assets, or total liabilities and capital accounts, of commercial and savings banks,

Federal Reserve banks, postal savings system, Exchange Stabilization Fund, and items in the Treasury

Circulation Statement of United States Money.

2 Includes domestic interbank deposits and deposits equal to cash items in process of collection,

member bank reserve accounts and deferred availability items at Federal Reserve banks, Federal Reserve

notes issued by the Treasury to Federal Reserve banks and gold certificates held for and by such banks,

and various other items in the liabilities of the parts of the banking and currency system owed to other

parts of the system.

3 Capital accounts and minor liabilities of commercial and mutual savings banks, Federal Reserve

banks (except paid-in capital which is included in claims of other parts of the banking and currency

system), and Exchange Stabilization Fund, and minor liabilities of the postal savings system.

4 Currency issued by the Treasury and Federal Reserve banks adjusted to exclude amounts held

within the banking and currency system, deposits in commercial and savings banks and in Federal Reserve

banks other than those classified as claims of the banking and currency system, and deposits in the postal

savings system.

5 Foreign deposits in Federal Reserve banks, foreign bank deposits in commercial and mutual savings

banks, deposits due foreigners other than banks and official institutions reported in Treasury Bulletin,

and United States currency held abroad as estimated in connection with balance of payments estimates

of the Department of Commerce. Does not include foreign deposits with American agencies of foreign

banks or other institutions not included in banking statistics, nor balances of foreign branches of American

banks with their head offices.

6 United States Government deposits in commercial and savings banks and in Federal Reserve banks

(including amounts in process of collection at Federal Reserve banks and “ all other” deposits of those

banks except the account of the Exchange Stabilization Fund) and currency in the general fund of the

Treasury.

7 Balance of net total deposits and circulating currency.

8 Average annual rate of change computed by using compound interest formula.

9 Decrease of less than 0.05 percent.

Note: Due to rounding, components may not add to total.

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THE BANKING AND CURRENCY SYSTEM 99

Table 3 3. A s s e t s o f t h e E n tir e B a n k in g an d C u rre n c y S ystem ,

D ecem ber 3 1 ,1 9 4 7 -1 9 5 9 , an d A n n u a l P e rc e n ta g e C h a n g e s

Date or period1

Obligations

of other

parts

of the

banking

and

currency

system2

Net

total

assets8

Gold

and

i other

mone-

! tary

! metals4

United

States

Government

obligations5

Other

securities6

i

Loans

and

discounts7

Other

assets8

Amount, Dec. 31,

(in millions):

1959............................... $108,145 $285,817 $24,309 $94,074 $25,744 $135,585 $6,105

1958............................... 106,924 280,430 25,294 102,011 26,025 121,564 5,536

1957............................... 107,760 262,767 27,467 92,161 22,707 115,029 5,403

1956............................... 107,148 255,365 26,572 93,985 20,233 109,977 4,598

1955............................... 104,424 248,037 26,190 97,564 20,451 100,000 3,832

1954............................... 98,458 241,752 26,190 105,684 20,233 85,818 3,827

1953............................... 100,676 230,338 26,372 101,809 18,188 80,758 3,211

1952............................... 100,812 224,340 27,428 100,915 17,197 75,771 3,029

1951............................... 98,358 212,083 26,920 98,722 15,754 67,851 2,836

1950............................... 92,483 202,172 26,762 97,547 14,592 60,621 2,650

1949............................... 88,098 194,585 28,429 101,509 12,472 49,730 2,445

1948............................... 91,622 192,209 28,208 101,840 11,270 48,331 2,560

1947............................... 89,714 190,869 26,595 108,359 10,565 43,115 2,235

Percentage change:

1948-1959 average:9___ 1.6% 3.4% -0 .7 % -1 .2 % 7.7% 10.0% 9.7%

1959............................... 1.1 1.9 -3 .9 -7 .8 -1 .1 11.5 10.3

1958............................... - . 8 6.7 -7 .9 10.7 14.6 5.7 2.5

1957............................... .6 2.9 3.4 -1 .9 12.2 4.6 17.5

1956............................... 2.6 3.0 1.5 -3 .7 -1 .1 10.0 20.0

1955............................... 6.1 2.6 (!0) -7 .7 1.1 16.5 .1

1954............................... -2 .2 5.0 - . 7 3.8 11.2 6.3 19.2

1953............................... - . 1 2.7 -3 .9 .9 5.8 6.6 6.0

1952............................... 2.5 5.8 1.9 2.2 9.2 11.7 6.8

1951............................... 6.4 4.9 .6 1.2 8.0 11.9 7.0

1950............................... 5.0 3.9 -5 .9 -3 .9 17.0 21.9 8.4

1949............................... -3 .8 1.2 .8 - . 3 10.7 2.9 -4 .5

1948............................... 2.1 .7 6.1 -6 .0 6.7 12.1 14.5

1 For total assets of the banking and currency system, see Table 32.

2 Includes “cash and due from banks,” loans to banks, and Federal Reserve bank stock reported in

the assets of commercial and savings banks; gold certificate reserves and other cash, Federal Reserve

notes of other Federal Reserve banks, member bank discounts and advances and acceptances, and uncollected items reported in the assets of Federal Reserve banks; cash in depository banks and reserve fund

in the Treasury, reported in assets of the postal savings system; deposits in Federal Reserve banks and gold

account at the Treasury reported in assets of the Exchange Stabilization Fund; and obligations of Federal

Reserve banks for Federal Reserve notes issued by the Treasury to such banks.

8 Total of assets classified in the remaining columns of the table.

4 Gold stock, and silver and other metals in coins or held in Treasury against silver certificates at

monetary value.

8 Held in all parts of the banking and monetary system.

8 Held by commercial and mutual savings banks.

7 Loans and discounts of commercial and savings banks, minus loans to banks.

8 Bank premises and equipment of commercial and mutual savings banks and of Federal Reserve

banks, and miscellaneous assets of those banks and other parts of the banking and monetary system.

9 Average annual rate of change computed by using compound interest formula.

18 Negligible change.

Note: Due to rounding, components may not add to total.

The net total deposits and circulating currency comprise the 

obligations of the banking and currency system which serve as circulating medium or means of payments, or as deposits or currency 

held for later use. A portion of the net total deposits and circulating currency is held, or owned, by foreign banks and foreign 

governments, or other residents of foreign countries. Another 

portion is owned by the United States Government. The balance, 

which represents the active circulating medium and reserve cash 

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100 FEDERAL DEPOSIT INSURANCE CORPORATION

tions in the United States, increased from $169 billion at the end 

of 1947 to $244 billion at the end of 1959; or an average rate of 

growth of 3.1 percent. The highest annual rate of growth during 

the period was 6.5 percent in 1958. The growth in 1959 was at the 

comparatively low figure of 1.5 percent, lower than any other year 

during the period except 1948 and 1949.

Categories of assets of the entire banking and currency system.

Table 33 shows the major categories of the assets of the entire 

banking and currency system. In this table the assets which consist of claims on (i.e., liabilities of) other parts of the banking and 

currency system are segregated from other assets. The amount 

shown as claims on other parts of the banking and currency system 

is not identical with, though not greatly different from, the amount 

shown in the preceding table as claims of (i.e., owed to) other 

parts of the system. This is because of differences in timing in the 

making and receipts of interbank payments, even though the 

accounts all refer to the close of business on December 31, and to 

differences and imperfections in reporting. Other columns in 

Table 33 show the net total assets of the entire banking and currency system, i.e., all assets except those which are liabilities of 

other parts of the system—and the five major categories of such 

assets: gold and other monetary metals, United States Government obligations, other securities, loans and discounts, and other 

assets.

From the end of 1947 to the end of 1959 the net total assets of 

the entire banking and monetary system increased at an average 

annual rate of 3.4 percent. The major types of assets changed at 

substantially different rates: loans and discounts increased at an 

annual rate of 10.0 percent, and securities other than United States 

Government obligations at 7.7 percent; while gold and monetary 

metals decreased at an annual rate of 0.7 percent, and United 

States Government obligations at 1.2 percent. At the end of 1959 

loans and discounts and securities other than United States Government obligations together constituted 56 percent of the net total 

assets of the entire banking and monetary system, compared with 

28 percent at the end of 1947. United States Government obligations were 33 percent of the net total assets of the system at the 

end of 1959, compared with 57 percent at the end of 1947.

I n c o m e op I n s u r e d B a n k s

Growth of banks income. Total income of all insured banks was 

7.4 percent higher in 1959 than in 1958. Insured commercial banks 

had an increase in income of 6.7 percent, while income of insured

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INCOME OF INSURED BANKS 101

mutual savings banks grew by 12.8 percent. In 1959 the income 

of insured commercial banks was 2.7 times, and that of insured 

mutual savings banks nearly three times, as large as in 1948.

Sources of income. The principal sources of income of banks are 

interest on loans, interest and dividends on securities, and other 

items reported as current operating earnings. Other income is 

received through recoveries from assets previously charged off 

and profits from the sale of assets. In 1959 almost three-fifths of 

the income of insured commercial banks was derived from loans, 

and insured mutual savings banks received 68 percent of their 

income from this source. Approximately one-fourth of the income 

of both types of banks was derived from securities. However, for 

insured commercial banks the income from United States Government obligations was three times as great as that from other 

securities, while insured mutual savings banks received less income 

from United States Government obligations than from other 

securities.

T able 3 4 . SOURCES AND DISPOSITION OF TOTAL INCOME OF INSURED

Co m m e r c ia l B a n k s i n t h e U n it e d S tates (S tates a n d Ot h e r A r e a s) ,

1948 a n d 1957-1959

Amounts (in millions) Percent of total

Income

1959 1958 1957 1948 1959 1948

Total incom e......................................... $9,998 $9,369 $8,249 $3,670 100.0% 100.0%

Sources

Loans..................................................... 5,968 5,141 4,964 1,600 59.7 43.6

U. S. Government obligations......... 1,732 1,544 1,442 1,008 17.3 27.5

Other securities.................................... 546 502 413 190 5.5 5.2

Service charges on deposits.............. 532 487 441 174 5.3 4.7

Other current income......................... 890 827 791 432 8.9 11.8

Recoveries, etc.1.................................. 329 868 198 266 3.3 7.2

Disposition

Salaries and wages.............................. 2,577 2,400 2,268 1,044 25.8 28.5

Interest on deposits........................... 1,580 1,381 1,142 317 15.8 8.6

Other current expenses...................... 2,107 1,832 1,710 802 21.1 21.9

Charge-offs, etc.2................................. 1,362 783 757 486 13.6 13.2

Income taxes........................................ 884 1,271 998 275 8.8 7.5

Dividends to stockholders*. . . . . . . . 776 726 678 332 7.8 9.0

Additions to capital accounts.......... 712 976 696 414 7.1 11.3

1 Recoveries from assets previously charged off except those credited to valuation reserve accounts,

profits on assets sold, and transfers from valuation reserve accounts.

2 Losses and other charge-offs except those charged to valuation reserve accounts, and transfers to

valuation reserve accounts.

* Includes interest on capital notes and debentures.

Note: Due to rounding, components may not add to total.

For both insured commercial banks and insured mutual savings 

banks the percentage increase in total income over the preceding 

year was more than two and one-half times the percentage increase 

in assets. A strong demand for loans and higher interest rates 

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102 FEDERAL DEPOSIT INSURANCE CORPORATION

ties, and to a shifting from securities to loans on which the average 

rate of return is higher. To meet the demand for loans, and for 

other purposes, substantial amounts of securities were allowed to 

mature without reinvestment or were sold from the portfolios of 

banks. Many of the securities had been purchased at prices higher 

than those prevailing in 1959, and their sale resulted in large 

reported losses. The consequence, for insured commercial banks, 

was a substantial excess of losses and charge-offs over recoveries 

and profits and on securities sold in 1959, compared with a small 

excess of recoveries and profits in 1958. Insured mutual savings 

banks also had larger net losses and charge-offs in 1959 than in 

the preceding year.

Table 3 5 . SOURCES AND DISPOSITION OF TOTAL INCOME OP INSURED MUTUAL

S a v in g s B a n k s in t h e U n ited St a t e s, 1948 a n d 1 9 5 7 -1 9 5 9 1

Amount (in millions) Percent of total

Income

1959 1958 1957 1948 1959 1948

Total incom e......................................... $1,372 $1,216 $1,074 $ 463 100.0% 100.0%

Sources

Loans..................................................... 934 821 731 169 68.1 36.5

U. S. Government obligations. . . . . . 146 142 147 184 10.6 39.7

Other securities.................................... 181 167 127 36 13.2 7.8

Other current income-....................... 41 37 34 14 3.0 3.0

Recoveries, etc.*.................................. 70 49 35 60 5.1 13.0

Disposition

|

Salaries and wages.............................. 97 92 87 48 7.1 10.4

Dividends and interest on deposits.

Other current expenses2.....................

1 897 812 716 196 65.4 42.3

| 116 110 101 52 8.4 11.2

Charge-offs, etc.4................................. i 116 66 71 77 8.4 16.6

Income taxes5....................................... 12 10 9 5 .9 1.1

Additions to capital accounts............ 134 126 90 85 | 9.8

i

18.4

1 Because of changes in 1951 in the method of reporting, data for subsequent years are not strictly

comparable with those for 1948 nor with those for commercial banks.

2 Except for 1948, includes amounts classified as “nonrecurring” income or expenses.

* Recoveries from assets previously charged off except those credited to valuation reserve accounts,

profits on assets sold, and transfers from valuation reserve accounts.

4 Losses and other items charged off except those charged to valuation reserve accounts, and transfers

to valuation reserve accounts.

6 Includes franchise taxes computed on an income basis.

Sources and disposition of income in the years 1948 and 1957- 

1959 are shown for insured commercial banks in Table 34, and for 

insured mutual savings banks in Table 35. Average rates of income, expense ratios, and net additions to capital accounts for both 

types of banks are shown for the same years in Table 36.

Disposition of income. For insured commercial banks salaries 

and wages, which constitute the largest category of expenses, were 

slightly higher in amount and in relation to income in 1959 than 

in the preceding year. As shown in Table 37, the number of employees and average salaries have risen in each year since 1947.

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INCOME OF INSURED BANKS 103

However, average operating earnings for each person employed 

also increased, and the average number of employees for each 

$1 million of assets has declined during the past two years, after 

rising in the three preceding years.

Table 36. A v e ra g e RATES OF INCOME, EXPENSE RATIOS, AND NET ADDITIONS

To C a p ita l A c c o u n ts o f In su re d C om m ercial B a n k s an d M u tu a l S avin gs

B a n k s in t h e U n ite d S ta t e s (S t a te s an d O t h e r A r e a s ) ,

1948 a n d 1957-1959

1959 1958 1957 1948

Insured commercial banks

Average rates of income

On loans............................................................................ 5.75% 5.37% 5.42% 4.04%

On U. S. Government obligations.............................. 2.80 2.48 2.52 1.57

On other securities......................................................... 2.69 2.61 2.47 2.14

Ratios

Salaries and wages to deposits.................................... 1.21 1.16 1.17 .75

Interest on time and savings deposits....................... 2.36 2.21 2.08 .90

Net additions to capital accounts from profits . . . . 3.80 5.51 4.20 4.16

Insured mutual savings banks1

Average rates of income

On loans............................................................................ 4.62 4.49 4.40 4.43

On U. S. Government obligations.............................. 2.79 2.66 2.63 2.29

On other securities......................................................... 3.86 3.83 3.57 3.00

Ratios

Salaries and wages to deposits.................................... .34 .35 .36 .39

3.19 3.09 2.95 1.57

Net additions to surplus from profits........................1 5.16 5.18 3.99 6.53

1 Because of changes in 1951 in the method of reporting, data for subsequent years are not strictly

comparable with those for 1948 nor with those for commercial banks.

Table 37. N um ber and A verage C om pensation o f E m p loyees, A verage

O p era tin g E a r n in g s P er E m ployee, an d A verage N um ber o f E m p loyees

F o r E a c h $1 M illio n o f A s s e ts , In su red C om m ercial B a n k s in t h e

U n ite d S ta te s (S t a te s an d O th e r A r e a s) , 1947-1959

Year

Employment1 Average salary1

Average

operating

earnings

for each

person

employed

Average

number of

officers

and others

employed

for each

$1 million

of assets

Total Officers2 Others2 Officers Others

1959......................... 566,466 97,121 469,345 $9,191 $3,588 $17,070 2.38

1958......................... 548,073 93,452 454,621 8,851 3,461 15,511 2.40

1957.... 532,921 90.030 442,891 8,595 3,373 15,106 2.48

1956... 507,874 86,697 421,177 8,315 3,258 14,240 2.42

1955... 481,257 83,549 397,708 7,973 3,092 13,252 2.38

1954... 462,557 80,870 381,687 7,702 2,984 12,482 2.39

1953 445,701 78,164 367,537 7,451 2,911 12,304 2.40

1952... 421,923 75,280 346,643 7,041 2,784 11,689 2.35

1951... 396,328 72,686 323,642 6,690 2,671 11,090 2.34

1950... 374,818 70,502 304,316 6,327 2,483 10,487 2.36

1949... 362,685 68,524 294,161 5,993 2,380 9,945 2.39

1948 354,717 66,674 288,043 5,726 2,301 9,595 2.35

1947.......... .......... 341,951 64,218 277,733 5,370 2,169 9,059 2.31

1 Comparable data for the years 1937 to 1946 are given in the Annual Report of the Corporation

for 1948, page 44.

2 Average numbers of full and part-time employees at the beginning and end of the year.

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104 FEDERAL DEPOSIT INSURANCE CORPORATION

Because mutual savings banks have few loans other than those 

secured by real estate, and do not have the expenses associated 

with checking accounts, their operations differ in many respects 

from those of commercial banks, and data regarding expenses for 

the two types of banks are not strictly comparable. Salaries and 

wages paid by insured mutual savings banks in 1959 continued to 

rise in amount, but they declined in relation to total income. The 

increase in number of employees also was relatively less than the 

increase in income.

Interest paid on deposits by insured commercial banks increased 

in 1959, both in relation to total income and as a percentage of 

average time and savings deposits. Dividends and interest paid 

depositors by insured mutual savings banks was greater in relation to average deposits in 1959 than in 1958, but absorbed a 

slightly smaller portion of total income.

For insured commercial banks as well as for insured mutual 

savings banks the amounts of losses, charge-offs, and transfers to 

valuation reserves in 1959 were approximately 75 percent larger 

than in 1958. These items were larger in relation to total income 

for insured commercial banks than for insured mutual savings 

banks.

Taxes on the net income of insured commercial banks in 1959 

amounted to 37 percent of profits before such taxes, compared 

with 43 percent in 1958.

Profits of insured commercial banks after taxes but before dividends were 13 percent less in 1959 than in 1958. However, dividends and interest on capital were 7 percent higher, absorbing 

52 percent of the profits before dividends in 1959 compared with 

43 percent in 1958. Additions to capital from profits amounted 

to 3.8 percent of the capital accounts of insured commercial banks 

in 1959, down from 5.5 percent in 1958. Insured mutual savings 

banks added 5.2 percent to their surplus from profits in 1959, the 

same as in the preceding year. In 1958 the rate of growth in assets 

had exceeded that in capital accounts resulting from retained 

earnings. However in 1959, due to the less rapid expansion of 

assets, the rate of growth of capital accounts from retained earnings exceeded that of total assets.

Operating ratios by size of bank. In Table 38 are shown selected 

operating ratios for 1959 of insured commercial banks grouped 

by amount of deposits. The ratio of current operating expenses 

to current earnings for insured commercial banks was 64.8 percent in 1959 compared with 66.0 percent in 1958 and 63.6 percent

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INCOME OF INSURED BANKS 105

in 1957. In 1959, only the ratio for the size group containing banks 

with deposits of $500 million or more was below the all-bank ratio. 

The highest ratio was for banks with from $5 million to $25 million in deposits. This is approximately the same pattern as in the 

two preceding years.

Table 38. SELECTED OPERATING RATIOS OP INSURED COMMERCIAL BANKS

O p era tin g T h ro u g h o u t t h e Y e a r 1959

BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Size group

Current

operating

expenses

to

current

earnings

Average

interest

paid on

time and

savings

deposits

Average

service

charges

on

demand

deposits

Profits

before

income

taxes to

total

assets

Profits

after

income

taxes to

total

capital

accounts

Dividends

to total

capital

accounts

All banks.................................... 64.8% 2.34% 0.35% 0.97% 7.73% 4.02%

Banks with deposits of—

Less than $1,000,000................. 69.6 2.22 .30 1.13 7.31 2.48

$1,000,000 to $5,000,000........... 69.0 2.19 .38 1.01 7.97 2.80

$5,000,000 to $25,000,000 70.2 2.19 .57 .88 7.35 3.02

$25,000,000 to $100,000,000. . . 69.0 2.27 .47 .84 7.29 3.40

$100,000,000 to $500,000,000 . . 65.3 2.33 .31 .90 7.57 4.23

Over $500,000,000...................... 58.9 2.54 .24 1.10 8.08 4.89

Interest paid on time and savings deposits averaged almost onefourth of one percent higher in 1959 than in 1958. Highest average 

rates were paid by banks with $500 million or more in total deposits, while banks with from $1 million to $25 million in deposits 

had the lowest rates.

Average service charges on demand deposits were slightly 

higher in 1959, being 0.35 percent compared with 0.32 percent in

1958 and 0.31 percent in 1957. The pattern of the two preceding 

years was repeated in 1959, with the highest ratio being for banks 

with from $5 to $25 million in deposits and banks with deposits of 

$500 million or more having the lowest ratio.

The ratio of profits before income taxes to total assets was 0.97 

percent in 1959, down from 1.25 percent in 1958 and 1.06 percent 

in 1957. Ratios well above the average were earned by banks in 

the two smallest groups as well as in the largest size group.

Profits after income taxes were lower in relation to total capital 

accounts in 1959 than in either of the two preceding years. The 

group with the highest ratio was that containing the largest banks, 

with the group holding deposits of $25 million to $100 million 

having the lowest ratio.

Dividends were larger in relation to total capital accounts in

1959 than in either of the two preceding years. Ratios were above

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106 FEDERAL DEPOSIT INSURANCE CORPORATION

the average for banks in the two largest size groups, with the 

group of banks holding deposits of less than $1 million having 

the lowest ratio.

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Federal Reserve Bank of St. Louis
PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

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N u m b e r , Of f ic e s, a n d D e p o s it s of B a n k s

Table 101. Changes in number and classification of banks and branches in the United 

States (States and other areas) during 1959 

Table 102. Number of banking offices in the United States (States and other areas), 

December 31, 1959

Grouped according to insurance status and class of bank, and by State

or area and type of office

Table 103. Number of commercial banks operating branches and number of branches 

in the United States (States and other areas), June 30, 1959

Banks operating branches grouped according to character of branch

system and branches grouped according to location of branch and by

population of center in tohich located and State

Table 104. Number of banking offices of commercial banks in the United States (States 

and other areas), June 30, 1959

Grouped according to number of commercial banking offices in center in

which located and by type of office and population of center in which

located

Table 105. Number of banking offices of commercial banks in metropolitan areas of 

the United States (States and other areas), June 30, 1959 

Grouped according to type of office

Table 106. Number and deposits of all banks in the United States (States and other 

areas), December 31, 1959

Banks grouped according to insurance status and by district and State

Tabulations for all banks are prepared in accordance with an

agreement among the Federal bank supervisory agencies. Provision of deposit facilities for the general public is the chief criterion for distinguishing between banks and other types of financial institutions. However, trust companies engaged in general

fiduciary business though not in deposit banking are included;

and credit unions and savings and loan associations are excluded

except in the case of a few which accept deposits under the terms

of special charters.

108 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Commercial and stock savings banks include the following

categories of banking institutions:

National banks;

Incorporated State banks, trust companies, and bank and

trust companies, regularly engaged in the business of receiving

deposits, whether demand or time, except mutual savings

banks;

Stock savings banks, including guaranty savings banks in

New Hampshire;

Industrial and Morris Plan banks which operate under general banking codes, or are specifically authorized by law to

accept deposits and in practice do so, or the obligations of

which are regarded as deposits for deposit insurance;

Special types of banks of deposit: cash depositories in South

Carolina; cooperative exchanges in Arkansas; a savings and

loan company operating under Superior Court charter in

Georgia; government operated banks in American Samoa,

North Dakota, and Puerto Rico; a cooperative bank, usually

classified as a credit union, operating under a special charter

in New Hampshire; two savings institutions, known as “trust

companies,” operating under special charters in Texas; employes’ mutual banking associations in Pennsylvania; the

Savings Banks Trust Company in New York; and four

branches of foreign banks which engage in a general deposit

business in the continental United States or in Puerto Rico.

Private banks under State supervision, and such other private banks as are reported by reliable unofficial sources to be

engaged in deposit banking;

Nondeposit trust companies include institutions operating under

trust company charters which are not regularly engaged in

deposit banking but are engaged in fiduciary business other than

that incidental to real estate title or investment activities.

Mutual savings banks include all banks operating under State

banking codes applying to mutual savings banks.

Institutions excluded. Institutions in the following categories

are excluded, though such institutions may perform many of the

same functions as commercial and savings banks:

Banks which have suspended operations or have ceased to

accept new deposits and are proceeding to liquidate their assets

and pay off existing deposits;

Building and loan associations, savings and loan associations,

credit unions, personal loan companies, and similar institutions,

chartered under laws applying to such institutions or under

general incorporation laws, regardless of whether such institutions are authorized to accept deposits from the public or from

their members and regardless of whether such institutions are

called “banks” (a few institutions accepting deposits under

powers granted in special charters are included);

Morris Plan companies, industrial banks, loan and investment companies, and similar institutions except those mentioned in the description of institutions included;

Branches of foreign banks, and private banks, which confine

their business to foreign exchange dealings and do not receive

“deposits” as that term is commonly understood;

Institutions chartered under banking or trust company laws,

but operating as investment or title insurance companies and

not engaged in deposit banking or fiduciary activities;

Federal Reserve banks and other banks, such as the Federal

Home Loan banks and the Savings and Loan Bank of the State

of New York, which operate as rediscount banks and do not

accept deposits except from financial institutions;

The postal savings system.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 109

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Table 101. CHANGES IN NUMBER AND CLASSIFICATION OF BANKS AND BRANCHES

in t h e U n ite d S ta te s (S t a te s and O t h e r A r e a s ) D u rin g 1959

Type of change

b a n k s

Number of banks, December 31, 1959.

Number of banks, December 31, 1958.

Net change during year...............

Banks beginning operations.

New banks..................................

Banks added to count3.............

Banks ceasing operations................................

Suspended banks not reopened or succeeded.

Absorptions, consolidations, and mergers

Other liquidations.................................................

Noninsured banks becoming insured....

Successor to noninsured bank.....................

Admission to insurance, operating banks.

Admission to F. R. System................................

Suspended insured bank succeeded by noninsured

bank.................................................................................

Other changes in classification.................

National banks succeeding state banks... .

State banks succeeding national banks. . . .

State bank succeeding another state bank.

Admissions to F. R. System..........................

Withdrawals from F. R. System..................

Changes not involving number in any class:

Successions...............................................................................

Absorptions of noninsured nondeposit financial institution (not accompanied by establishment of additional

banking offices).................................................................

Changes in t tie, location, or name of location............

Change in powers...........................................................

All banks

Insured

14,004 ii 13.382

14,060 !( 13,365

-56 !

117

115

173

2

169

2

+ 17

102

102

166

2

164

+ 82

+ 1

+ 78

+ 3

Noninsured

622

695

-73

-8 2

- 1

-7 8

- 3

+ 1

2

114

34

2

110

34

Total

13,486

13,540

-5 4

117

115

2

171

2

167

2

Commercial and stock savings banks

and nondeposit trust companies

Insured

National State

2

113

34

13,114

13,124

-10

102

102

165

2

163

+ 54

+ 1

+ 50

+ 3

- 1

2

109

34

Members F. R.

System

4,542

4,578

-3 6

+ 1

+ 11

+ 7

- 2

+ 6

1,687

1,730

-4 3

+ 2

+ 2

-1 9

- 6

- 1

+ 3

-1 5

Not

members

F. R.

System

6,885

6,816

+ 69

75

75

Noninsured

+51

+ 1

+ 50

- 1

+ 8

- 1

+ 2

+ 1

- 9

+ 15

Banks

of deposit

317

362

-4 5

13

12

1

4

2

-5 3

- 1

-4 9

- 3

+ 1

Nondeposit

trust

companies1

55

54

+ 1

2

1

1

Mutual savings banks

Total

518

520

Insured2

268

241

+27

+28

‘ +28

Noninsured

250

279

-28

-28

110 FEDERAL DEPOSIT INSURANCE CORPORATION

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BRANCHES

Number of branches, December 31, 1959..

Number of branches, December 31, 1958..

Net change during year................................

Branches opened for business........................................

Facilities provided as agents of the government4........

Absorbed banks converted into branches.....................

Branches replacing head offices relocated or placed in

liquidation..........................................................................

Other branches opened............ ..........................................

Branches added to count5. . .

Branches discontinued. . . .

Facilities..................................

Branches........................................

Branch deleted from count6...................

Other changes in classification among branches. . . .

Branches of national banks succeeding branches of stat<

banks.......................................................................................

Branches of noninsured banks admitted to insurance...

Branches of noninsured banks admitted to F. R. System

Branches of insured banks admitted to F. R. System. .

Branches of insured banks withdrawing from F. R. System

Branches transferred as result of absorption or succession.

Changes not involving number in any class:

Branches transferred as result of absorption or succession. j

Branches replacing seasonal agency.............................

Changes in title, location, or name of location.......

ALL BANKING OFFICES

Number of offices, December 31, 1959.

Number of offices, December 31, 1958.

Net change during year.

Offices opened.

Banks..............

Branches........

Offices closed

Banks..................

Branches.............

Changes in classification.

Among banks.....................

Among branches...............

10,238

9,493

10,053

9,262

185

231

9,790

9,068

9,735

8,957

4,974

4,534

2,519

2,390

2,242

2,033

45

101

10

10

448

425

318

305

130

120

+745 +791 -4 6 + 722 + 778 +440 + 129 + 209 -5 6 + 23

35

+ 13

15

+ 10

815 20

16

783

15

32

1

780

16

768

15

388

10

180 200

5

11

1

1

154 153 1 154 153 80 40 33 1

8 8 8 8 5 3

625

12

602

5

23

7

592

10

588

4

291

2

138

2

159 3

6

1 33

2

14

1

19

1

70 69 1 58 57 32 13 12

2

1 12 12

9 9 9 9 5 2

60 59 1 48 47 27 11 9 1 12 12

1 1 1 1 1

+ 77 -7 7 + 67 + 84

+ 14

-3 8 +21 -6 6 - 1 + 10 -1 0

-1 4

i +54 -5 4 + 44

+25

+ 44 ! -4 3 - 1 +10 -1 0

| +25 + 25 -2 5

+ 18 +? — 5

-2 0

+ 5

- 8 i

- 2 + 2 - 2 +27

20

-2 1 + 2 1

38 38 38 38 10 8

3 3 3 1 1 1

553 553 548 548 373 138 37 5 5

24,242

23,553

! 23,435

22,627

807

926

23,276

22,608

22,849

22,081

9,516

9,112

4,206

4,120

9,127

8,849

362

463

65

64

966

945

586

546

380

399

+689 +808 -1 1 9 + 668 + 768 +404 +86 +278 -1 0 1 + 1 +21 + 40 -1 9

932

117

885

102

47

15

897

117

870

102

411

23

184

4

275

75

24

13

3

2

35 15 20

815 783 32 780 768 388 180 200 11 1 35 15 20

243 235 8 229 222 103 43 76 7 14 13 1

173 I* 166 7 171 165 71 30 64 6 2 1 1

70 1I 69 1 58 57 32 13 12 1 12 12 1

! +158 -1 5 8 + 120 + 96

+ 12

+ 84

- 5 5 + 79

+ 58

+21

-1 1 8 - 2 + 38

+ 28

+ 10

-3 8

-2 8

-1 0

! +81 -8 1 + 53 - 1 7 — 52 - 1

| +77 - 7 7 + 67 -3 8 -6 6 — 1

1 Includes 1 trust company member Federal Reserve System, December 31, 1959, and December 31, 1958.

2 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1959, and December 31, 1958.

* Banks opened prior to 1959 but not included in count as of December 31, 1958.

4 Facilities established in or near military or other Federal Government installations at request of the Treasury or Commanding Officer of the installation.

5 Branches opened prior to 1959 but not included in count as of December 31, 1958.

6 Office now designated part of main office.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 111

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Table 102. Number of Banking Offices in the United States (States and Other Areas) , December 31,1959

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

State and type of bank or office

All banks Commercial and stock savings banks

and nondeposit trust companies Mutual savings banks Percentage insured1

Total Insured

Noninsured

Total |

Insured Noninsured

Total Insured*

Noninsured

All

banks

of deposit

Commercial

banks

of

deposit

Mutual

savings

Total banks

Memb(

Sysi

National

jr F. R.

tem

State

Not

members

F.R.S.

Banks

of deposit

Nondeposit

trust

companies2

United States— all offices............... 24,242 23,435 807 23,276 22,849 9,516 4,206 9,127 362 65 966 586 380 96.9 98.4 60.7

Banks................................................... 14,004 13,382 622 13,486 13,114 4,542 1,687 6,885 317 55 518 268 250 95.9 97.6 51.7

Unit banks....................................... 11,566 11 M l 525 11,236 10,886 3,672 1,301 5,913 299 51 330 155 175 95.9 97.3 1+7.0

Banks operating branches............ 2,1+38 2,34-1 97 2,250 2,228 870 386 972 18 1+ 188 113 75 96.2 99.2 60.1

Branches.............................................. 10,238 10,053 185 9,790 9,735 4,974 2,519 2,242 45 10 448 318 130 98.3 99.5 71.0

48 States and D. G.— all offices4. . 23.963 23,187 776 22,999 22,601 9,459 4,206 8,936 340 58 964 586 378 97.0 98.5 60.8

Banks................................................... 13,961 13,355 606 13,444 13,087 4,533 1,687 6,867 308 49 517 268 249 96.0 97.7 51.8

Unit banks....................................... 11,51+7 11,03k 513 11,217 10,879 3,671 1,301 5,907 292 ue 330 155 175 95.9 97.1+ 1+7.0

Banks operating branches............ 2,MU 2,321 93 2,227 2,208 862 386 960 16 3 187 113 71+ 96.3 99.3 60.1+

Branches.............................................. 10,002 9,832 170 9,555 9,514 4,926 2,519 2,069 32 9 447 318 129 98.4 99.7 71.1

50 States and D. C.— all offices... 24.094 23,307 787 23,130 22,721 9,514 4,206 9,001 345 64 964 586 378 97.0 98.5 60.8

Banks................................................... 13,990 13,374 616 13,473 13,106 4,541 1,687 6,878 313 54 517 268 249 96.0 97.7 51.8

Unit banks....................................... 11,562 11,01+0 522 11,232 10,885 3,672 1,301 5,912 297 SO 330 155 175 95.9 97.3 1+7.0

Banks operating branches............ 2,1+28 2,331+ 91+ 2,21+1 2,221 869 386 966 16 U 187 113 71+ 96.3 99.3 60.1+

Branches.............................................. 10,104 9,933 171 9,657 9,615 4,973 2,519 2,123 32 10 447 318 129 98.4 99.7 71.1

Other areas— all offices............... 148 128 20 146 128 2 126 17 1 2 2 87.1 88.3

Banks................................................... 14 8 6 13 8 1 7 4 1 1 1 61.5 66.7

Unit banks...................................... U 1 3 U 1 1 2 1 25.0 25.0

Banks operating branches............ 10 7 S 9 7 1 6 2 1 1 77.8 87.5

Branches...................... 134 120 14 133 \ 120 1 119 13 1 1 89.6 90.2

State i

Alabama— all offices . . 315 315 315 315 137 28 150 100.0 100.0

Banks................................................... 237 237 237 ! 237 69 23 145 100.0 100.0

Unit banks...................................... 21 J,

23

211+ 211+ 211+ 52 20 11+2 ji 100.0 100.0

Banks operating branches 23 23 1' 23 17 3 3 100.0 100.0

Branches............................................. 78 78 78 j 78 68 5 5 100.0 100.0

Alaska— all offices 42 ! 37 5 42 37 28 9 5

1

1 88.1 88.1

Banks................................................... 18 13 5 18 13 7 6 5 72.2 72.2

Unit banks .. . ............... 10 5 10 5 50.0 50.0

Banks operating branches............ 8 8 8 8 6 2 100.0 100.0

Branches............................................. 24 24 24 24 21 3

|| | 100.0 100.0

Arizona— all offices . ............. 160 154 6 160 154 117 8 29 6

!

100.0 100.0

Banks................................................... 9 8 1 9 8 3 1 4 1 100.0 100.0

Unit banks...................................... i+ 1+ U * 1,. 1 3 100.0 100.0

Banks operating branches............ 5 A 1 5 U 2 1 1 1 ! 100.0 100.0

Branches................. . . ............. 151 146 5 151; 146 114 7 25 5 100.0 100.0

l

; j

112 FEDERAL DEPOSIT INSURANCE CORPORATION

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Arkansas— all offices......................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches............................................

California— all offices....................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches...........................................

Colorado— all offices......................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches............................................

Connecticut— all offices...............

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches...........................................

Delaware— all offices......................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches............................................

District of Columbia— all offices

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches............................................

Florida— all offices..........................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches............................................

Georgia— all offices.........................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches...........................................

Hawaii— all offices..........................

Banks.................................................

Unit banks....................................

Banks operating branches..........

Branches...........................................

277 272

5 277 272 68 24

236 231 5 236 231 55 20

203 198 5 203 198 U6 17

33 33 33 33

9

3

41 41 41 41 13

4

1,671 1,662 9 1,671 1,662 1,215 236

115 110 5 115 110 37 23

57 5U 3 57 5U 20 7

58 56 2 58 56 17 16

1,556 1,552 4 1,556 1,552 1,178 213

193 167 26 193 167 82 19

186 160 26 186 160 77 18

180 15 U 26 180 15 U 73 17 6 6 6 6 U 1 7 7 7 7 5 1

378 276 102 258 248 112 66

144 76 68 73 63 24 10

90 36

5.4 uo 30 11 2

5U uo

U 33 33 13

8

234 200 34 185 185 88 56

78 75 3 73 70 3 26

22 21

1 20 193

2

13 13 13 13

3

9 8

1

7

6

2

56 54 2 53 51 24

76 76 76 76 38 29

12 12 12 12 5 4

1 1 1 1

11 11 11 11

5

U

64 64 64 64 33 25

307 302

5 307 302 117 11

293 288

5 293 288 106 11

280 275

5 280 275 96 11

13 13 13 13 10

14 14 14 14 11

500 444 56 500 444 103 33

413 357 56 413 357 52 13

389 333 56 389 333 uo

8

2U 2U 2U 2h 12 5

87 87 87 87 51 20

89 83 6 89 83 27

11

6 5 11

6

1

5 1

U

5

1

6

5 1 6 5 1

78 77 1 78 77 26

180

156

135

21

24

211

50

27

23

161

66

65

6U11

70

29

17

12

41

41

14

10U

27931

174

171

168

308

292

2857

16

5651U

51

44U

11195324

26

26

26999

111120

71

50

21

4952

28

1367

1552

92

58

UU

1U

34

3112

23

23

222333

56

56

56

65U11

98.6

98.3

98.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

86.5

86.0

85.6

100.0

100.0

73.2

53.1

uo.u

71>.l

85.5

96.2

95.5

100.0

88.9

96.4

100.0

100.0

100.0

100.0

100.0

99.3

99.3

99.3

100.0

100.0

88.8

86.4

85.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

98.6

98.3

98.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

86.5

86.0

85.6

100.0

100.0

96.5

87.5

76.9

100.0

100.0

95.9

95.0

100.0

85.7

96.2

100.0

100.0

100.0

100.0

100.0

99.3

99.3

99.3

100.0

100.0

88.8

86.4

85.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

23.3

18.3

12.0

33.3

30.6

100.0

100.0 *i'oo.o

100.0

NUMBER, OFFICES, AND DEPOSITS OF BANKS 113

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 1 0 2 . NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS) , DECEMBER 31, 1959— Continued

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

All banks

State and type of bank or office

Total Insured

Noninsured

Idaho— all offices............................... 113 113

32 32

21+ 2k

Banks operating branches............ 8 8

Branches............................................. 81 81

Illinois— all offices............................ 959 953 6

Banks................................................... 955 949 6

Unit banks...................................... 951 9U5 6

Banks operating branches............ U k

Branches.............................................. 4 4

Indiana— all offices........................... 730 723 7

Banks................................................... 454 447 7

Unit banks...................................... 3U

110

337 7

Banks operating branches . 110

Branches............................................. 276 276

Iowa— all offices................................. 844 802 42

Banks................................................... 672 632 40

Unit banks...................................... 5U3

129

505 88

Banks operating branches............ 127 2

Branches............................................. 172 170 2

Kansas— all offices............................ 613 605 8

Banks................................................... 593 585 8

Unit banks...................................... 57 U 566 8

Banks operating branches............ 19 19

Branches............................................. 20 20

Kentucky— all offices....................... 490 480 10

Banks................................................... 358 348 10

Unit banks...................................... 29k 28k 10

Banks operating branches.......... 6k 6U

Branches. . . . ................... 132 132

Commercial and stock savings banks

and nondeposit trust companies Mutual savings banks Percentage insured1

Insured Noninsured ComTotal

Members F. R.

System Not

memBanksof deNondeposit

trust

Total Insured*

Noninsured

All

banks

of demercial

banks

of

Mutual

savings

banks

National State

bers

F.R.S.

posit companies2

posit deposit

113 77 16 20 100.0 100.0

32 10 8 14 100.0 100.0

2k 6 6 12 100.0 100.0

8 k 2 2 100.0 100.0

81 67 8 6 100.0 100.0

953

949

9k5

k

399 129 425 3 3 99.7 99.7

395

391

k

129 425 3 3 99.7 99.7

129 k25 3 3 99.7 99.7

100.0 100.0

4 4 100.0 100.0

719 282 129 308 6 1 4 4 99.2 99.2 100.0

443

333

110

276

802

632

505

127

170

124 102 217 6 1 4 4 98.7 98.7 100.0

87

37

86 160 6 1 k k 98.3 98.2 100.0

16 57 100.0 100.0

158

102

98

27 91 100.0 100.0

78

71

622 41 1 95.1 95.1

463 39 1 94.2 94.2

9k 66

5

3k5

118

37 1 93.2

Hi

93.2

S§i k 2

4 7 159 2

605

585

566

180

169

48 377 8 98.7 98.7

46 370 8 98.7 98.7

159 kk

2

363 8 98.6 98.6

19 10 7 100.0 100.0

20 11 2 7 100.0 100.0

480

348

28k

6k

132

151

88

48

20

281 10 98.0 98.0

240 10 97.2 97.2

66 11 207 10 96.6 96.6

22 9 33 100.0 100.0

63 28 41 100.0 100.0

Total

113

32

81

959

955

951

726

450

3U0

110

276

844

672

5U3

129

172

613

593

57k

19

20

490

358

29k

6k

132

114 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Louisiana—all offices.........

Banks...................................

Unit banks..........................

Banks operating branches.

Branches..............................

Maine—all offices................

Banks...................................

Unit banks.........................

Banks operating branches.

Branches..............................

Maryland—all offices.........

Banks...................................

Unit banks.........................

Banks operating branches.

Branches..............................

Massachusetts—all offices.

Banks...................................

Unit banks.........................

Banks operating branches.

Branches5.............................

Michigan—all offices..........

Banks...................................

Unit banks.........................

Banks operating branches

Branches..............................

Minnesota—all offices........

Banks...................................

Unit banks.........................

Banks operating branches

Branches..............................

Mississippi—all offices

Banks...................................

Unit banks.........................

Banks operating branches.

Branches..............................

Missouri—all offices...........

Banks...................................

Unit banks.........................

Banks operating branches.

Branches..............................

Montana—all offices..........

Banks...................................

Unit banks.........................

Banks operating branches.

Branches..............................

348

i 349 348 128

186

i 187 186 42

123 i 12U 123 19

63 63 63 23

162 162 162 86

188 27 177 161 70

70 16 54 48 28

U2 10

u 23 17

28 6 30 25 11

118 11 123 113 42

399 7 366 360 121

145 2 140 139 52

88 1 87 87 34

57 1 53 52 18

254 5 226 221 69

542 278 522 516 298

171 183 168 163 103

80 12 U 82 77 59

91 59 86 86

U

371 95 354 353 195

912 4 916 912 259

381

2 383 381 74

260 1 261 260 U9

121

1 122 121 25

531 2 533 531 185

684 10 693 683 185

678 10 687 677 179

676 10 685 675 177

2 2 2 2

6 6 6 6

323

2 325 323 51

191

2 193 191 27

12 U

2 126 12U 13

67 67 67

u

132 132 132 24

616 16 632 616 80

607 16 623 607 77

598 16 61U 598 7U

9 9 9 3

9 9 9

3

116 1 117 116 42

115 1 116 115 41

m 1 115 114 40

i 1 1 1 i 1 1 1

349

187 m

63

162

215

86

52

SU

129

406

147

89

58

259

820

354

20U

150

466

916

383

261

122

533

694

688

6866

325

193

126

67

132

632

623

61U99

117

116

11511

31

1156

20

4762U

41

76

1129

65

122

222

20

100

398

145

103

U2

253

30

30

30kU

14

101

97

93U4

45

45

U5

189

1

133

1

99

1

84.

56

44 16 38 27 11

14 6 32 22 10 U 1 28 19 9

10 5

U 3 1

30 10 6

5

1

163

6 40 39

1

76 1 7 6 1

51

2 1 1

25

1 5 5

87

5 33 33

96 6 298 26 272

38 5 186 8 178

16 5 122 3 119

22 64. 5 59

58

1 112 18 94

255 3

1

162 1 1

108

1

54

1

932

468 9

1 1 1

468

9 1 1

1

468 9 1 1

1

250

2

156 2

107 2

4.9

94

435 12 4

433 12 4

4.31 12 -4 22

29

1

29

1

29

1

99.7

99.5

99.2

100.0

100.0

87.4

81.4

80.8

82 4

91.5

98.3

98.6

98.9

98.3

98.1

66.1

48.3

39.2

60.7

79.6

99.7

99.7

100.0

99.2

99.6

98.7

98.7

98.7

100.0

100.0

99.4

99.0

984

100.0

100.0

98.1

98.1

98.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.7

99.5

99.2

100.0

100.0

91.0

88.9

95.8

83.3

91.9

98.4

99.3

100.0

98.1

97.8

98.9

97.0

93.9

100.0

99.7

99.7

99.7

100.0

99.2

99.6

98.7

98.7

98.7

100.0

100.0

99.4

99.0

984

100.0

100.0

98.1

98.1

98.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

71.1

68.8

67.9

75.0

83.3

97.5

85.7

50.0

100.0

100.0

8.7

4.3

2.5

7.8

16.1

100.0

100.0

100.0

2dBw«OFFICES, AND DEPOSITS OF BANKS 116

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 1 0 2 . NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1959— Continued

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

State and type of bank or office

All banks

Total InsuredNoninsured

Commercial and stock savings banks

and nondeposit trust companies

Total

Insured

Total

Members F. R.

System

National State

Not

members

F.R.S.

Noninsured

Banks

of deposit

Nondeposit

trust

companies2

Mutual savings banks

Total Insured3

Noninsured

Percentage insured1

All

banks

of deposit

Commercial

banks

of

deposit

Mutual

savings

banks

Nebraska— all offices.............

Banks........................................

Unit banks............................

Banks operating branches..

Branches...................................

Nevada— all offices.................

Banks........................................

Unit banks............................

Banks operating branches..

Branches...................................

New Hampshire— all offices

Banks........................................

Unit banks............................

Banks operating branches..

Branches...................................

New Jersey— all offices.........

Banks.........................................

Unit banks............................

Banks operating branches..

Branches...................................

New Mexico— all offices........

Banks........................................

Unit banks............................

Banks operating branches..

Branches.................................

New York— all offices............

Banks........................................

Unit banks............................

Banks operating branches..

Branches5..................................

429

426

U23

3

3

43

7

2

5

36

113

108

103

5

5

697

279

1U2

137

418

101

52

27

25

49

1,986

543

318

225

1,443

391

388

385

3

3

43

7

2

5

36

109

104

99

5

5

694

276

139

137

418

101

52

49

1,970

531

309

222

1,439

429

426

656

258

130

128

101

52

27

25

49

1,718

415

258

157

1,303

391

388

385

653

255

127

128

101

52

27

25

49

1,702

403

2U9

15 U

1,299

126

123

120

3

3

25

3

1

2

22

53

51

390

164

88

76

226

53

27

U

13

26

674

249

169

80

425

17

17

17

184

53

18

35

131

7

1

1

917

113

56

57

804

248

248

6

2

1

1

4

20

19

18

1

1

79

38

21

17

41

39

17

6

11

22

111

41

21,

17

70

20

268

128

60

68

140

41

21

12

268

128

60

68

140

92.4

92.4

92.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

96.5

96.3

96.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.4

98.7

98.7

98.7

99.7

92.4

92.4

92.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

94.9

94.7

9U.U

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.4

98.3

98.U

98.1

99.7

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

100.0

100.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
North Carolina— all offices........... 644 640 4 644 640 133 74 433 4 99.4 99.4 Banks................................................... 192 191 1 192 191 39 4 148 1 99.5 99.5 Unit banks...................................... 100 100 100 100 15 85 100.0 100.0 Banks operating branches............ 92 91 1 92 91 2h •4 63 1 98.9 98.9 Branches.............................................. 452 449 3 452 449 94 70 285 3 99.3 99.3

North Dakota— all offices.............. 183 180 3 183 180 39 3 138 3 98.4 98.4 Banks................................................... 156 153 3 156 153 38 2 113 3 98.1 98.1 Unit banks...................................... 137 13U 3 137 13 U 37 1 96 3 97.8 97.8

Banks operating branches............ 19 19 19 19 1 1 17 100.0 100.0 Branches............................................. 27 27 27 27 1 1 25 100.0 100.0

Ohio— all offices................................. 1,191 1,190 1 1,186 1,185 510 382 293 1 5 5 99.9 99.9 100.0 Banks................................................. 590 589 1 588 587 222 151 214 1 2 2 99.8 99.8 100.0 Unit banks...................................... hlk U13 1 413 U12 11*0 111 161 1 1 I 99.8 99.8 100.0 Banks operating branches............ 176 176 175 175 82 uo 53 1 1 100.0 100.0 100 0 Branches.............................................. 601 601 598 598 288 231 79 3 3 ioo!o ioo!o ioo!o

Oklahoma— all offices...................... 406 400 6 406 400 210 29 161 5 1 98.8 98.8 Banks................................................... 388 382 6 388 382 197 26 159 5 1 98.7 98.7 Unit banks...................................... 372 366 6 372 366 185 2U 157 5 1 98.7 98.7 Banks operating branches............ 16 16 16 16 12 2 2 100.0 100.0 Branches.............................................. 18 18 18 18 13 3 2 loolo 100.0

Oregon— all offices............................ 233 231 2 232 230 164 11 55 1 1 1 1 99.6 99.6 100.0 Banks................................................. 54 52 2 53 51 11 6 34 1 1 1 98.1 QK 1 1 fin n

Unit banks...................................... 35 33 2 3k 32 9 4 19 1 97.1

30.1

Q7 n

xUU.U

100.0 Banks operating branches............ 19 19 19 19 2 2 15 100.0

if / .1/

100.0 Branches5............................................. 179 179 179 179 153 5 21 100.0 ioo!o

Pennsylvania— all offices............... 1,516 1,502 14 1,462 1,448 915 269 264 11 3 54 54 99.3 99.2 100.0 Banks................................................... 729 717 12 722 710 473 75 162 9 3 7 7 98.8 QR 7 1 fifl ft

Unit banks....................................... 532 521 11 529 518 355 •4-4 119 8 3 8 3 98.5

270. (

QS K

iUU.U

Banks operating branches............ 197 196 1 193 192 118 31 U3 1 4 •4 99.5

if o .9

99.5

100.0

100.0 Branches5............................................. 787 785 2 740 738 442 194 102 2 47 47 99.7 QQ 7 1 ftft ft

Rhode Island— all offices............... 131 128 3 99 97 53 20 24 2 32 31 1 97.7 98.0

IUU.U

96.9 Banks................................................... 17 15 2 9 8 4 1 3 1 3 7 88.2 88.9 87*.5 Unit banks...................................... 5 •4 1 1 1 1 •4 8

J.1

Banks operating branches............ 12 11 1 8 7 3 1 3 1 L 4

1

91.7 87.5

75.0

100 0 Branches.............................................. 114 113 1 90 89 49 19 21 1 24 24 99*1 98.9 ioo!o

South Carolina— all offices........... 279 272 7 279 272 117 10 145 7 97.5 97.5 Banks................................................... 145 138 7 145 138 25 6 107 7 95.2 95.2 Unit banks...................................... 106 99 7 106 99 10 U 85 7 93. U 93. .4 Banks operating branches............ 39 39 39 39 15 2 22 100.0 100.0 Branches............................................. 134 134 134 134 92 4 38 ioo!o 100.0

South Dakota— all offices............. 227 227 227 227 58 26 143 100.0 100.0 Banks................................................... 173 173 173 173 34 26 113 100.0 100.0 Unit banks...................................... 1U5 lJf.5 1U5 11+5 30 26 89 100.0 100.0 Banks operating branches............ 28 28 28 28 •4 2U 100.0 100 0 Branches............................................. 54 54 54 54 24 30 ioo!o ioo.’o

2

Cl

S

w

H

WOFFICES, AND DEPOSITS OF BANKS 117

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 1 0 2 . NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS) , DECEMBER 31, 1959— Continued

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

All banks Commercial and stock savings banks

and nondeposit trust companies

Insured Noninsured ComState and type of bank or office

Total Insured

Noninsured

Total

Total

Members F. R.

System Not

memBanks

of deNondeposit

trust

Total Insured8Noninsured

All

banks

of demercial

banks

of

Mutual

savings

banks

National State

bers

F.R.S.

posit companies2

posit deposit

494 487 7 494 487 195 25 267 4 3 99.2 99.2

297 290 7 297 290 75 8 207 4 3 98.6 98.6

230 223 7 230 223 L8 5 170 4 3 98.2 98.2

Banks operating branches............ 67 67 67 67 27 3 37 100.0 100.0

Branches . . 197 197 197 197 120 17 60 100.0 100.0

Texas— all offices................................ 1,018

990

995 23 1,018

990

995 486 119 390 23 97.7 97.7

Banks .. ................................... 967 23 967 466 111 390 23 97.7 97.7

Unit banks.................................... 961 938 23 961 938 U 5

21

103 390 23 97.6 97.6

Banks operating branches............ 29 29 29 29 8 100.0 100.0

Branches............................................. 28 28 28 28 20 8 100.0 100.0

Utah— all offices. 119 116 3 119 116 50 31 35 3 97.5 97.5

Banks 49 46 3 49 46 7 13 26 3 93.9 93.9

Unit banks ................................... 36 33 3 36 33 5 7 21 3 91.7 91.7

Banks operating branches............ 13 13 13 13 2 6 5 100.0 100.0

Branches 70 70 70 70 43 18 9 100.0 100.0

Vermont— all offices.................. 97 96 1 90 89 50 39 1 7 7 100.0 100.0 100.0

Banks . ............... 63 62 1 57 56 32 24 1 6 6 100.0 100.0 100.0

Unit banks.................................... U9 U8

U

34

1 UU us

13

27 16 1 5 5 100.0 100.0 100.0

Banks operating branches............ U

34

13 5 8 1 1 100.0 100.0 100.0

Branches . .............................. 33 33 18 15 1 1 100.0 100.0 100.0

Virginia— all offices 564 564 564 564 255 124 185 100.0 100.0

Banks ................................................. 309 309 309 309 130 70 109 100.0 100.0

Unit banks . . . . ............. 207 207 207 207 89 52 66 100.0 100.0

Banks overating branches............ 102 102 102 102 U1

125

18 U3

76

100.0 100.0

Branches ............. 255 255 255 255 54 100-0 100.0

Washington— all offices.................. 366 364 2 355 353 269 26 58 2 11 ii 99.5 99.4 100.0

Banks................................................... 91 89 2 87 85 25 9 51 2 4 4 97.8 97.7 100.0

Unit banks .................................... 68 66 2 66 64

21

13 6 U5

6

2 2 2 97.1 97.0 100.0

Banks operating branches............ 23 23 21 12 3 2 2 100.0 100.0 100.0

Branches5 .................................. 275 275 268 268 244 17 7 7 7 100.0 100.0 100.0

Mutual savings banks Percentage insured1

118 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
West Virginia— all offices............... 183

183

183

181

181

181

2

2

2

183

183

183

181

181

181

77

77

77

35

35

35

69

69

69

2

2

2

98.9

98.9

98.9

98.9

98.9

98.9

Banks...................................................

Unit banks......................................

Banks operating branches............

Branches..............................................

Wisconsin— all offices...................... 711 705 6 707 702 114 68 520 2 3 4 3 1 99.6 99.7 75.0

Banks................................................... 559 553 6 555 550 98 60 392 2 3 4 3 1 99.5 99.6 75.0 Unit banks...................................... U68 1*62 6 m U59 93 56 310 2 S U 8 1 99.U 99.6 75.0

Banks operating branches............ 91 91 91 91 5 U 82 100.0 100.0 Branches.............................................. 152 152 152 152 16 8 128 ioo!o ioo!o

W yom ing— all offices....................... 54 54 54 54 26 14 14 100.0 100.0 Banks................................................... 53 53 53 53 25 14 14 100.0 100.0 Unit banks...................................... 52 52 52 52 2U U U 100.0 100.0 Banks operating branches............ 1 1 1 1 1 100.0 100 0 Branches.............................................. 1 1 1 1 1 ioo!o looio

Other area

Pacific Islands— all offices8............ 7 3 4 7 3 3 4 42.9 42.9 Banks................................................... 1 1 1 1

Unit banks7 ..................................... 1 1 1 1

Banks operating branches............

Branches8............................................ 6 3 3 6 3 3 3 50.0 50.0

Panama Canal Zone— all offices . 4 4 4 4

Banks...................................................

Unit banks......................................

Banks operating branches............

Branches9............................................ 4 4 4 4

Puerto Rico— all offices.................. 128 119 9 128 119 119 9 93.0 93.0 Banks................................................... 10 7 3 10 7 7 3 70.0 70.0 Unit banks...................................... 2 1 1 2 1 1 1 50.0 50.0 Banks operating branches............ 8 6 2 8 6 6 75.0 75.0 Branches10........................................... 118 112 6 118 112 112 6 94.9 94.9

Virgin Islands— all offices.............. 9 6 3 7 6 2 4 1 2 2 75.0 100.0 Banks................................................... 3 1 2 2 1 1 1 1 1 50.0 100.0 Unit banks...................................... 1 1 1 1

Banks operating branches............ 2 1 1 1 1 1 1 1 50 0 100 0 Branches11........................................... 6 5 1 5 5 1 4 1 1 83^3 ioo!o

1 Nondeposit trust companies are excluded in computing these percentages.

2 Includes 1 trust company in Missouri member of the Federal Reserve System.

* Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.

4 Formerly designated as “ Continental United States.” Alaska was admitted to Statehood January 3, 1959; and Hawaii, August 21, 1959.

5 Includes branches operated by banks located in other states or in Puerto Rico as follows: 1 noninsured branch in Massachusetts operated by a New York bank; 2 insured branches

in New York operated by a Puerto Rico bank; 1 insured branch in Oregon operated by a California bank; 1 insured branch in Pennsylvania operated by a New Jersey bank and 1 nonmsured branch in Pennsylvania operated by a New York bank; and 2 insured branches in Washington operated by a California bank.

6 In United States possessions (American Samoa, Guam, and Midway Islands) and Trust Territories (Kwajalein and Saipan).

7 In American Samoa.

8 Consists of 4 branches in Mariana Islands (3 insured on Guam and 1 noninsured on Saipan) operated by a California bank; and 2 noninsured branches (1 on Midway and 1 in

Marshall Islands on Kwajalein) operated by an Hawaiian bank.

9 Consists of 4 noninsured branches operated by 2 New York banks.

10 Includes 13 insured branches operated by 2 New York banks.

11 Includes 4 insured branches operated by a New York bank.

Back figures: See the Annual Report for 1958, pp. 164-171, and earlier reports.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 119

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Federal Reserve Bank of St. Louis
Table 103. NUMBER OP COMMERCIAL BANKS OPERATING BRANCHES AND NUMBER OF BRANCHES IN THE UNITED STATES

( S t a t e s a n d O t h e r A r e a s ) , J u n e 30, 1959

BANKS OPERATING BRANCHES GROUPED ACCORDING TO CHARACTER OF BRANCH SYSTEM AND BRANCHES GROUPED ACCORDING TO LOCATION

OF BRANCH AND BY POPULATION OF CENTER IN W HICH LOCATED AND STATE

Number of banks operating branches2 Branches

State or other area,

or population of center

Total

number

of banks

operating

branches1

Within

head

office

cityonly3

Within

head

office

county

Within

head

office

State4

Outside

head

office

State5

At Federal

Government

establishments

only6

Total

number

of

branches

In

head

office

city

Elsewhere

in head

office

county

Elsewhere

in head

office

State

Outside

head

office

State

At Federal

Government

establishments7

Total United States1......................... 2,164

2,140

2,154

10

537 1.105

1,097

1.105

436 7 79 9,367

9,148

9,246

121

3,273

3,238

3,270

3

2,757

2,723

2,745

12

3,044

2,927

2,960

84

26 267

48 States and D. C......................... 535 424 6 78 8 252

50 States and D. C. 8 ...................... 537 427 6 79 8 263

Other areas....................................... 9 1 18 4

In centers with population o fLess than 250..................................... 24 18 6 149 99 50

250 to 1,000......................................... 205 2 139 63 1 1,278

1,640

1,765

1,301

1,353

1,111

480

5 833 439 1

1,000 to 5,000..................................... 465 23 348 83 11 36 827 777

5,000 to 25,000................................... 623 201 305 93 24 360 653 750 2

25,000 to 100,000............................... 435 162 182 65 26 614 269 410 8

100,000 to 500,000............................. 279 97 93 72 2 15 1,002

980

57 284 10

500,000 to 2,500,000......................... 100 37 19 40 2 2 15 113 3

2,500,000 or more.............................. 33 15 1 14 3 276 4 198 2

Not available9..................................... 290 23 267

State

Alabama............................................... 22 8 11 1 2 65 29 18

6

12 6

Alaska................................................... 8 2 4 1 1 21 8 1 6

Arizona................................................. 5 5 145 30 36 73 6

Arkansas.............................................. 30 3 22 4 1 37 5 26 5 1

California............................................. 56 4 25 25 2 1,509

7

277 161 1,032 39

Colorado............................................... 6 6 7

Connecticut......................................... 33 10 17 6 172 52 84 35 1

Delaware.............................................. 7 1 1 5 51 12 19 19 1

District of Columbia........................ 11 11 62 57 5

Florida.................................................. 13 13 14 14

Georgia................................................. 25 14 1 6 4 80 57 1 14 8

Hawaii.................................................. 6 4 2 77 24 16 32 5

Idaho.................................................... 8 3 5 81 5 6 69 1

Illinois................................................... 4 4 4 4

Indiana................................................. 104 28 74 2 254 134 116 4

120 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Iowa.........

Kansas. . .

Kentucky.

Louisiana.

Maine.. . .

Maryland........

Massachusetts.

Michigan.........

Minnesota. . . .

Missouri...............

Montana..............

Nebraska.............

Nevada.................

New Hampshire.

New Jersey........

New Mexico....

New York..........

North Carolina.

North Dakota. .

Ohio................

Oklahoma. . . .

Oregon...........

Pennsylvania.

Rhode Island.

South Carolina.

South Dakota. .

Tennessee..........

Texas..................

Utah....................

Vermont..........

Virginia............

Washington. . .

West Virginia.

Wisconsin........

Wyoming.........

121 83 38

13 11 2

60 26 31 3

62 23 38 1

31 1 18 11 1

54 12 26 14 2

80 30 49 1

118 21 65 31 1

2 2

65 17 30 17 1

4 2 2

1 1

2 1 1

5 1 1 3

3 2 1

121

23

30

9

85

9

3

4

1 2

1

156

95

24

33

79

27

49

35

3 1

19 7 12

165 49 103 12 1

13 10 3

17 2 10 5

183 39 108 34 2

8 1 3 4

37 16 9 12

28 15 13

66 23 39 4

28 7 21

13 3 7 3

11 5 6

98 51 27 19 1

21 6 8 7

92 6 61 24 1

1 1

8 7 1

2 2

163

14

121

160

121

220

334

509

6

127

4

1

2

33

3

382

46

1,263

424

27

573

14

171

700

130

54

191

26

70

30

244

261

119 44

11 3

72 43 3 3

98 50 8 4

24 48 45 4

83 53 70 14

174

270

154

163

1

74

1 4

2

6

39 53 31 4

2 2

1

1 1

8 3 20 2

2 1

152 220 3 7

23 14 5 4

463

117

357

75

426

228

2 15

4

1 14 12

306 249 15 3

10 4

34 15 121 1

262

24

270

34

158

30

2 8

1

37 21 66 6

24 29 1

109 60 16 6

6 20

13 14 38 5

1 13 15 1

144 38 45 17

71 45 137 2 6

19 107 26 1

1

1 2

4

3 12

00 fr.©

13 2

Other area

Mariana Islands. . . .

Panama Canal Zone.

Puerto Rico...............

Virgin Islands...........

153

1

3

4

110

4

1 Excludes trust companies not regularly engaged in deposit banking.

2 Each bank is reported once only, according to the widest area in which it operates branches.

8 Includes 2 cases of cities which cover all or portions of 2 or more counties: New York (5 counties); and Atlanta (portions of 2 counties).

4 Includes banks operating offices in 2 or more counties other than the cases listed in note 3 .

5 Out-of-State branches are operated as follows: 1 bank in California operates 1 branch in Oregon and 2 branches in Washington; 1 bank in New Jersey operates 1 branch in Pennsylvania; 1 bank in New York operates 1 branch in Massachusetts and 1 branch in Pennsylvania; 1 bank in California operates 3 branches (including 2 facilities at Federal Government

establishments) in the Mariana Islands; 2 banks in New York operate 13 branches in Puerto Rico and 4 branches in the Panama Canal Zone; and 1 bank in Puerto Rico operates

2 branches in New York. *

m 6 Includes Army, Navy, and Air Force installations, Veterans Administration hospitals, and a few other Federal Government establishments. Banking offices in or near such establishments are operated by 188 banks, of which 109 also operate other branches.

7 Operated by the 188 banks referred to in note 6 . These facilities are in or near military or other Federal Government establishments, provided at the request of the Treasury

Department or Commanding Officer.

8 Formerly designated as “ Continental United States.” Alaska was admitted to Statehood January 3, 1959; and Hawaii, August 21, 1959.

9 Mobile units in Puerto Rico and facilities at Federal Government establishments.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 121

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Federal Reserve Bank of St. Louis
Table 1 0 4 . N u m b e r of B a n k in g Offices of Co m m e r c ia l B a n k s i n t h e U n ite d Sta t e s

(S tates a n d Oth e r A r e a s) , J u n e 3 0 ,1 9 5 9

GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN W HICH

LOCATED AND BY TYPE OF OFFICE AND POPULATION OF CENTER IN W HICH LOCATED

Offices in centers with— Offices operated by—

All

banking

offices1

Insured banks

Population of center

1

banking

office

2

banking

offices

3

banking

offices

4

banking

offices

5

banking

offices

6

banking

offices

7 or 8

banking

offices

9 to 19

banking

offices

20 or

more

banking

Members F. R.

System Not

members

Nonnsured

offices

National State

F. R.

System

banks2

All banking offices1......................... 22,865

712

4,810

6,214

4 602

10,073

708

4,570

4,450

4

1,605 772 510 420 634 1,352 3,049 9,291 4,181 8,902 491

In centers with population

of—

Less than 250 46 30 572 64

250 to 1 000 216

2,110

1,968

24 1,053 491 3,139 127

1 000 to 5 000 3*889 195 20 2,557 903 2,670 84

5 000 to 25 000 631

45

1,098

285

484 195

270

40

132

264

94 2,451 793 1,289 69

25 000 to 100 000 2,307

1,981

1,341

608

114 252 456 621 1,204 532 527 44

100,000 to 500,000.......................... 16 18 76 731 1,100 974 488 459 60

500,000 to 2,500,000....................... 1,341 663 516 140 22

2,500,000 or more............................ 608 141 397 54 16

Not available8 290

11,336

539

3,327

4,109

2,215

571

350

230

6,390

537

3,174

2,435

240

4

38 3 5 6 8 202 31 52 5

Unit banks.......................................... 3,066

2

740 246 132 66 116 195 385 3,724 1,344 5,895 373

In centers with population

of—

Less than 250 24 21 432 62

250 to 1 000 149 4 591 325 2,298 113

1 000 to 5 000 . . . . 1,588

1,275

52

81 5 1,535 534 1,975 65

5 000 to 25 000 510 137 36 13 4 1,130 310 728 47

25 000 to 100 000 145 104 86 47 81 42 273 73 194 31

100,000 to 500,000.......................... 6 31 153 160 91 26 200 33

500 000 to 2 500 000 130 130 30 37 51 12

2 500 000 or more 95 95 50 18 17 10

122 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
All offices of banks operating

branches..............................

In centers with population

of—

Less than 250...............................

250 to 1,000..................................

1.000 to 5,000..............................

5.000 to 25,000............................

25.000 to 100,000........................

100.000 to 500,000......................

500.000 to 2,500,000...................

2.500.000 or more.......................

Not available8..............................

Head offices of banks operating

branches..................................

In centers with population

of—

Less than 250...............................

250 to 1,000..................................

1.000.to 5,000...............................

5.000 to 25,000............................

25.000 to 100,000........................

100.000 to 500,000......................

500.000 to 2,500,000...................

2.500.000 or more........................

Branches..........................................

In centers with population

of—

Less than 250...............................

250 to 1,000..................................

1.000.to 5,000..............................

5.000 to 25,000............................

25.000 to 100,000........................

100.000 to 500,000......................

500.000 to 2,500,000...................

2.500.000 or more.......................

Not available8..............................

11,529

173

1,483

2,105

2,387

1,736

1,631

1,211

513

290

2,162

24

205

465

622

435

278

100

33

9,367

149

1,278

1,640

1,765

1,301

1,353

1,111

480

290

3,683 1,384 865 526 378 354 518 1,157 2,664

171 2

1,396 67 20

1,454 522 114 15

391 693 588 347 159 119 90

41 62 140 148 174 217 375 579

16 40 12 45 578 940

1,211

513

230 38 3 5 6 8

512

24

405 243 152 110 101 133 246 260

190 12 3

261 164 36 4

36 216 167 104 40 40 19

1 13 37 44 61 58 102 119

9 3 12 127 127

100

33

3,171 979 622 374 268 253 385 911 2,404

147 2

1,206

1,193

355

55 17

358 78 11

477 421 243 119 79 71

40 49 103 104 113 159 273 460

16 31 9 33 451 813

1,111

480

230 38 3 5 6 8

5,567 2,837 3,007 118

22 9 140 2

462 166 841 14

1,022 369 695 19

1,321 483 561 22

931 459 333 13

883 462 259 27

633 479 89 10

91 379 37 6

202 31 52 5

835 372 932 23

23 1

25 4 174 2

114 53 297 1

283 91 244 4

234 96 104 1

133 75 63 7

39 37 20 4

7 16 7 3

4,732 2,465 2,075 95

22 9 117 1

437 162 667 12

908 316 398 18

1,038 392 317 18

697 363 229 12

750 387 196 20

594 442 69 6

84 363 30 3

202 31 52 5

2

Cl

ttf

1 Excludes trust companies not regularly engaged in deposit banking.

3 Includes 5 noninsured branches of insured banks, as follows: 4 branches in Panama Canal Zone, of which 2 are operated by a national bank in New York and 2 by a State bank

in New York, member of the Federal Reserve System; and 1 branch in Mariana Islands operated by a national bank in California.

* Includes 267 banking facilities in or near Federal Government establishments, provided at the request of the Treasury Department or Commanding Officer, and 24 mobile units

in Puerto Rico. to

COOFFICES, AND DEPOSITS OF BANKS

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Federal Reserve Bank of St. Louis
GROUPED ACCORDING TO TYPE OF OFFICE

Table 105. N u m b er OF BANKING OFFICES OF COMMERCIAL BANKS IN METROPOLITAN

A r e a s o f t h e U n ite d S ta te s (S ta te s and O t h e r A r e a s ) , J u n e 3 0 ,1 9 5 9

Metropolitan area1

Population

of metropolitan

area in

1950 (in

thousands)

Number of banking offices2

Total Unit

banks

Banks

operating

branches

Branches3

Metropolitan area1

Population Number of banking offices2

in

in

'in

ids)

Total Unit

banks

Banks

operating

branches

Branches*

217 37 3 8 26

205 26 6 5 15

203 46 13 8 25

201 22 1 2 19

197 35 5 4 26

197 15 5 4 6

196 26 22 2 2

195 10 4 3 3

191 20 5 4 11

191 31 4 4 23

187 25 4 2 19

185 18 4 2 12

184 19 5 4 10

182 20 1 4 15

171 19 5 3 11

169 31 26 2 3

168 21 5 2 14

165 10 8 1 1

165 21 1 2 18

162 24 8 3 13

161 9 5 2 2

158 18 1 5 12

158 22 15 2 5

155 23 5 7 11

155 14 1 2 11

154

152

14

9

5

9

2 7

151 18 6 3 9

148 28 4 7 17

147 21 4 5 12

146 19 3 3 13

146 18 3 15

142 22 4 3 15

142 6 1 2 3

142 17 11 3 3

141 2 ? 1 21

140 20 7 4 9

139 10 2 2 6

137 7 1 2 4

136 30 1 4 25

136 8 1 1 6

135 17 9 2 6

135 11 5 1 5

135 31 2 4 52

133 17 2 3 12

All metropolitan areas

New York, N. Y .4........

Chicago, 111.4 ..................

Los Angeles, Calif.5. . . .

Philadelphia, Pa............

Detroit, Mich................

Boston, Mass.................

San Francisco, Calif.5. .

Pittsburgh, Pa...............

St. Louis, Mo.................

Newark, N. J.6..............

Cleveland, Ohio............

Washington, D. C........

Baltimore, Md...............

Minneapolis, Minn.5...

Buffalo, N. Y .................

Milwaukee, Wis............

Cincinnati, Ohio...........

Paterson, N. J.5 6..........

Seattle, Wash................

Kansas City, Mo..........

Houston, Texas.............

Providence, R. I ...........

Dallas, Texas.................

Atlanta, Ga....................

Portland, Ore.................

New Orleans, La...........

Jersey City, N .J .6. . . .

Denver, Colo..................

Albany, N. Y .5..............

Louisville, Ky................

Birmingham, Ala..........

San Diego, Calif............

Indianapolis, Ind..........

Dayton, Ohio................

Columbus, Ohio............

San Antonio, Texas. . .

Miami, Fla.....................

Rochester, N. Y ............

Memphis, Tenn.............

San Juan, P. R..............

Syracuse, N. Y ..............

San Bernardino, Calif.5.

Norfolk, Va.5.................

88,258

9,556

5,178

4,368

3,671

3,016

2,411

2,241

2,213

1,719

1,468

1,466

1,464

1,405

1,151

1,089

957

904

876

845

814

807

760

744

727

705

685

647

612

589

577

559

557

552

519

503

500

495

488

482

466

465

452

446

9,432

907

236

592

376

304

239

344

222

118

161

157

188

149

96

127

66

120

116

107

89

56

78

65

74

81

53

60

58

63

79

28

84

80

48

45

23

35

50

50

35

62

83

55

2,344

39

228

21

60

18

23

10

52

112

11

3

12

15

88

12

33

19

22

12

85

54

4

65

29

10

2

5

49

7

10

5

1

1

14

8

19

33

2

3

1

5

5

966

74

2

20

45

26

37

14

16

4

29

8

36

18

2

4

9

12

20

8

2

1

7

6,122

794

6

551

271

260

179

320

154

2

121

146

140

1166

111

24

89

74

87

2

1

67

Shreveport, La.............

South Bend, Ind..........

York, Pa.........................

Stockton, Calif.............

Charlotte, N . C............

Little Rock, Ark.5. .. .

Wheeling, W . Va.4. . .

El Paso, Texas.............

Evansville, Ind.............

Greensboro, N . C.5. . .

Columbia, S. C ............

Binghamton, N . Y -----

Fort Wayne, Ind.........

Lawrence, Mass.5. . . .

Columbus, Ga...............

Madison, W is................

Greensville, S. C..........

Corpus Christi, Texas

Charleston, S. C..........

Augusta, Ga..................

Austin, Texas...............

Baton Rouge, La.........

Steubenville, Ohio 5 6.

Newport News, Va.5. .

Waterbury, Conn........

Saginaw, Mich..............

Rockford, 111.................

Savannah, Ga...............

Lorain, Ohio5................

Hamilton, Ohio5..........

Winston-Salem, N . C.

Albuquerque, N . M .. .

Jackson, Miss...............

New Bedford, Mass,.

Orlando, Fla..................

Tucson, Ariz..................

Altoona, Pa....................

Montgomery, A la .. . .

Fall River, Mass.........

Raleigh, N . C...............

Lowell, Mass.................

Ann Arbor, Mich.6. . .

Macon, Ga.....................

Stamford, Conn...........

Roanoke, V a.................

124 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Allentown, Pa.5................. 438 62 32 9 21

Youngstown, Ohio4.......... 417 45 8 8 29

Springfield, Mass.4 8 ......... 413 43 6 7 30

Akron, Ohio....................... 410 28 2 4 22

Tampa, Fla.5..................... 409 32 30 1 1

Gary, Ind.5 6 ...................... 408 36 15 6 15

Hartford, Conn.................. 407 32 3 5 24

Toledo, Ohio...................... 396 37 2 6 29

Fort Worth, Texas........... 393 27 25 1 1

392 51 23 8 20

Oklahoma City, Okla.. . . 367 32 24 4 4

Omaha, Nebr..................... 366 37 26 5 6

Honolulu, Hawaii............. 353 55 4 6 45

Knoxville, Tenn................ 337 31 4 8 19

Phoenix, Ariz..................... 332 68 1 4 63

Richmond, Va.................... 328 42 3 7 32

Nashville, Tenn................. 322 41 3 5 33

Jacksonville, Fla............... 304 19 14 2 3

Worcester, Mass................ 303 21 2 4 15

Tulsa, Okla......................... 295 26 26

Harrisburg, Pa................... 292 56 25 8 23

Johnstown, Pa................... 291 44 27 7 10

San Jose, Calif................... 291 69 2 67

Grand Rapids, Mich........ 288 55 7 4 44

Utica, N. Y .5..................... 284 36 14 2 20

Canton, Ohio..................... 283 34 8 7 19

Fresno, Calif...................... 277 41 2 1 38

Sacramento, Calif............. 277 42 2 40

Tacoma, Wash................... 276 28 5 3 20

Salt Lake City, Utah.. . . 275 37 3 6 28

Bridgeport, Conn.............. 274 21 3 3 15

Flint, Mich......................... 271 38 2 4 32

New Haven, Conn............ 270 26 4 5 17

Wilmington, Del............... 268 47 11 5 31

Scranton, Pa...................... 257 26 17 3 6

Reading, Pa........................ 256 36 14 5 17

Duluth, Minn.5................. 253 39 36 1 2

Peoria, 111............................ 251 29 29

Chattanooga, Tenn.......... 246 29 2 3 24

Huntington, W . Va.5. . . . 246 19 13 3 3

Lansing, Mich.................... 244 40 16 6 18

Charleston, W . Va.4......... 240 12 12

Beaumont, Texas5............ 236 13 13

Lancaster, Pa..................... 235 52 22 12 18

Davenport, Iowa5............. 234 24 21 1 2

Mobile, Ala......................... 231 13 1 3 9

Trenton, N. J..................... 230 34 3 7 24

Bakersfield, Calif.6........... 228 32 2 30

Des Moines, Iowa............ 226 19 14 2 3

Wichita, Kan..................... 222 19 17 1 1

Spokane, Wash.................. 222 29 4 2 23

Erie, Pa............................... 219 35 5 8 22

Atlantic City, N. J........... 132 25 4 2 19

Pensacola, Fla.6................. 131 12 8 2 2

Springfield, 111.................... 131 14 14

Waco, Texas...................... 130 13 12 1

Ponce, P. R........................ 127 5 2 3

Kalamazoo, Mich............. 127 20 1 4 15

Asheville, N. C.................. 124 16 2 1 13

Muskegon, Mich.5 6.......... 122 13 3 10

Brockton, Mass.4.............. 120 12 2 10

Lincoln, Neb...................... 120 15 13 1 1

Portland, Maine............... 120 24 5 19

West Palm Beach, Fla.. . 115 16 14 1 1

Galveston, Texas.............. 113 9 9

Springfield, Ohio............... 112 14 2 4 8

Racine, Wis........................ 110 13 9 2 2

Jackson, Mich.................... 108 15 3 2 10

Champaign, 111.5 6............. 106 21 19 1 1

Topeka, Kans.................... 105 14 9 2 3

Terre Haute, Ind.............. 105 8 2 2 4

Springfield, Mo................. 105 7 7

Anderson, Ind.6................. 104 16 7 2 7

Cedar Rapids, Iowa......... 104 18 13 3 2

New Britain, Conn.4........ 104 6 1 2 3

Sioux City, Iowa.............. 104 21 14 3 4

Durham, N. C................... 102 21 2 4 15

Lubbock, Texas................ 101 9 5 2 2

Lexington, Ky................... 101 13 2 4 7

Waterloo, Iowa................. 100 10 7 1 2

Decatur, 111........................ 99 11 11

Wichita Falls, Texas. . . . 98 8 6 1 1

Green Bay, Wis................ 98 16 14 1 1

Santa Barbara, Calif........ 98 19 1 18

Lynchburg, Va.6 ............... 97 18 3 4 11

St. Joseph, Mo.................. 97 13 13

Gadsden, Ala..................... 94 7 7

Muncie, Ind....................... 90 14 3 3 8

Pueblo, Colo...................... 90 4 4

Bay City, Mich................. 88 10 3 2 5

Manchester, N. H ............ 88 6 6

Lima, Ohio......................... 88 12 3 3 6

Mayaguez, P. R ................ 87 6 6

Amarillo, Texas................ 87 7 5 1 1

Ogden, Utah...................... 83 12 1 3 8

Kenosha, Wis..................... 75 4 4

Fitchburg, Mass.5 6.......... 75 4 1 1 2

Dubuque, Iowa................. 71 11 10 1

Sioux Falls, S. D ............... 71 15 7 4 4

Lewiston, Maine5 6........... 68 9 1 2 6

Pittsfield, Mass................. 67 7 3 2 2

Fort Smith, Ark................ 64 8 4 2 2

San Angelo, Texas........... 59 3 3

Laredo, Texas................... 56 3 1 1 1

1 Includes all areas defined and listed aa “standard metropolitan statistical areas” by the Executive Office of the President, Bureau of the Budget, September 2, 1959. Each area

consists of an entire county or group of contiguous counties (except in New England where areas follow town lines), in one or more States, which contains at least one city of 50,000

or more inhabitants. Some of the areas differ in extent (see notes 4 and 6) from the former classification used in the Annual Report for 1958, pp. 176-177; and population figures for

some other areas have been revised.

2 Excludes trust companies not regularly engaged in deposit banking.

8 Includes 153 facilities operated in or near military or other Federal Government establishments.

4 Boundaries of area revised in the definition of September 2, 1959.

5 Title incomplete. The full title of a standard metropolitan statistical area may include the names of up to three cities, e.g., Davenport, Iowa— Rock Island— Moline, Illinois.

6 New standard metropolitan statistical area included in the definitions of September 2, 1959.

OFFICES, AND DEPOSITS OF BANKS 125

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Federal Reserve Bank of St. Louis
Table 1 0 6 . NUMBER AND DEPOSITS OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1959

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND BY DISTRICT AND STATE

FDIC District

and State

Number of banks

All

banks1

Commercial and stock savings

banks and nondeposit

trust companies

Total Insured

Noninsured

Banks

of deposit1

Nondeposit

trust

companies

Mutual savings banks

Total InsuredNoninsured

Deposits (in thousands of dollars)

All

banks

Commercial and stock savings

banks and nondeposit

trust companies

Insured Noninsured

Mutual savings banks

Total Insured Noninsured

Total United

States..........

48 States and

D. C.2................

50 States and

D. C...................

Other areas............

FDIC District

District I ..................

District 2*.................

District 3 ..................

District 4 ..................

District 5 ..................

District 6 ..................

District 7 ..................

District 8 ..................

District 9 ..................

District 10................

District 11................

District 124...............

State

Alabama...................

„ Alaska........................

Arizona......................

Arkansas...................

California.................

Colorado...................

Connecticut..............

Delaware...................

District of Columbia

Florida..................

Georgia.................

Hawaii...................

Idaho.....................

Illinois...................

Indiana.................

14,004

13,961

13,990

14

772

857

1,319

988

1,136

1,514

1,396

1,627

1,133

1,646

1,238

378

237

18

9

236

115

186

144

22

12

293

413

11

32

955

454

13,486

13,444

13,473

13

436

705

1,310

981

1,136

1,514

1,388

1,627

1,132

1,646

1,238

373

237

18

9

236

115

186

73

20

12

293

413

11

32

955

450

13,114

13,087

13,106

8

409

685

1,297

970

1,073

1,476

1,374

1,581

1,118

1,568

1,213

350

237

13

8

231

110

160

63

19

12

288

357

6

32

949

443

317

308

313

4

25

11

10

11

60

30

9

42

12

71

24

12

55

49

54

1

518

517

517

1

152

9

7

268

268

268

89

151

9

250

249

249

1

247

1

58

255,496,780

254,025,201

254,868,186

628,594

19,259,692

71,934,763

26,776,619

12,619,513

10,930,684

12,753,104

17,549,257

19,921,738

6,651,204

8,774,236

16,452,221

31,873,749

2,017,465

183,511

1,172,309

1,249,667

23,822,636

1.919.141

41707,584

817,678

1,459,974

4,742,071

2,834,876

659,474

645,546

16,870,061

4,659,346

220,514,092

219,042,692

219,885,677

628,415

9,865,042

49,752,784

24,748,893

12,047,908

10,930,684

12,753,104

17,469,187

19,921,738

6,339,601

8,774,236

16,452,221

31,458,694

2,017,465

183,511

1,172,309

1,249,667

23,822,636

1,919,141

2,321,245

665,789

1,459,974

4,742,071

2,834,876

659,474

645,546

16,870,061

4,603,656

219,011,505

217,649,321

218,456,559

554,946

9,662,528

49,225,076

24,710,442

11,874,923

10,893,316

12,710,529

17,437,561

19,823,882

6,210,530

8,718,295

16,379,210

31,365,213

2,017,465

160,321

1,163,749

1,246,719

23,822,571

1,904,715

2,287,625

660,195

1,459,974

4,728,218

2,819,978

646,917

645,546

16,839,379

4,597,767

1,502,587

1,393,371

1,429,118

73,469

202,514

527,708

38,451

172,985

37,368

42,575

31,626

97,856

129,071

55,941

73,011

93,481

34,982,688

34.982.509

34.982.509

179

9,394,650

22,181,979

2,027,726

571,605

28.577.247

28.577.247

28.577.247

2,995,583

22,181,800

2,027,726

566,105

6,405,441

6.405.262

6.405.262

179

5,399,067

179

5,500

80,070

311,603

79,375

311,603

695

415,055 415,055

23,190

8,560

2,948

65

14,426

33,620

5,594 151,889

642,521

151,889

1,743,818

13,853

14,898

12,557

30,682

5,889 55,690 55,690

126 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Iowa.......................

Kansas..................

Kentucky.............

Louisiana..............

Maine....................

Maryland.............

Massachusetts. . .

Michigan..............

Minnesota............

Mississippi...........

Missouri...............

Montana...............

Nebraska.............

Nevada.................

New Hampshire.

New Jersey..........

New Mexico........

New York............

North Carolina. .

North Dakota. . .

Ohio.......................

Oklahoma.............

Oregon...................

Pennsylvania. . . .

Rhode Island. . . .

South Carolina..,

South Dakota. . .

Tennessee.............

Texas.....................

Utah......................

Vermont...............

Virginia.................

Washington.........

West Virginia... .

Wisconsin.............

Wyoming..............

Other area

Pacific Islands5...

Panama Canal Zone6

Puerto Rico7........

Virgin Islands8. . .

672 672 632

593 593 585

358 358 348

187 187 186

86 54 48

147 140 139

354 168 163

383 383 381

688 687 677

193 193 191

623 623 607

116 116 115

426 426 388

7 7 7

108 75 71

279 258 255

52 52 52

543 415 403

192 192 191

156 156 153

590 588 587

388 388 382

54 53 51

729 722 710

17 9 8

145 145 138

173 173 173

297 297 290

990 990 967

49 49 46

63 57 56

309 309 309

91 87 85

183 183 181

559 555 550

53 53 53 .

1 1

10 10 7

3 2 1

7

186

33

21

‘ 128

22

33

21

‘ 128

10

1

178

3,051,677

2,280,068

2,303,374

2,920,541

1,036,384

2,904,884

10,769,394

8,406,104

4,355,125

1,336,272

5,978,964

805,713

1,598,962

413,393

905,897

8,244,688

694,711

62,293,883

2,788,034

766,417

11,055,875

2,570,794

2,040,463

15,720,744

1,336,119

1,010,624

723,949

3,221,099

11,664,660

953,773

504,314

3,196,486

3,104,873

1,259,511

4,483,807

405,271

28,475

21,605

549,194

29,320

3.051.677

2,280,068

2,303,374

2,920,541

638,598

2,333,279

5,249,610

8,406,104

4,043,522

1,336,272

5,978,964

805,713

1,598,962

413,393

399,214

6.930.098

694,711

41,578,562

2,788,034

766,417

11,028,310

2,570,794

1,997,604

13,720,583

865,220

1,010,624

723,949

3.221.099

11,664,660

953,773

391,155

3,196,486

2.732.677

1,259,511

4,459,427

405,271

28,475

21,605

549,194

29,141

2,984,503

2,274,878

2,293,532

2,919,676

603,457

2,199,456

5,153,360

8,386,170

4,032,375

1,327,655

5,958,103

805,713

1.566.392

413,393

389,707

6,930,023

694,711

41,105,098

2,763,612

648,493

11,026,483

2,567,039

1,988,410

13,683,959

837,224

1.006.392

723,949

3,212,175

11,601,074

950,611

391,155

3,196,486

2,712,258

1,249,003

4,453,624

405,271

25,186

’500,619'

29,141

5,190

9,842

865

35,141

133,823

96,250

19,934

11,147

8,617

20,861

397,786

571,605

5,519,784

296,685

566,105

998,919

101,101

5,500

4,520,865

311,603 311,603

32,570

9,507

75

473,464

24,422

117,924

1,827

3,755

9,194

36,624

27,996

4,232

506,683

1,314,590

’ 20^715,321

506,683

1,314,590

’ 20^715,321

27,565 27,565

42,859

2,000,161

470,899

42,859

2,000,161

437,616 33,283

8,924

63,586

3,162

113,159 113,159

20,419

10,508

5,803

372,196 372,196

24,380 23,685 695

3,289

21,605

48,575

179 179

1 Includes 20 noninsured banks of deposit (5 in Colorado, 12 in Georgia, 1 in Iowa, and 2 in Texas) for which asset, liability, and capital account data are not available.

2 Formerly designated as “ Continental United States”. Alaska was admitted to Statehood January 3, 1959, and Hawaii, August 21, 1959.

* Includes Puerto Rico and the Virgin Islands.

4 Includes Alaska, Hawaii, Pacific Islands, and the Panama Canal Zone.

5 In United States possessions (American Samoa, Guam, and Midway Islands) and Trust Territories (Kwajalein and Saipan). Consists of deposit data for 1 noninsured bank in

American Samoa and for the following branches: 4 branches in the Mariana Islands (3 insured on Guam and 1 noninsured on Saipan) operated by an insured bank in California; and

2 noninsured branches (1 on Midway Island and 1 on Kwajalein Island in Marshall Islands) operated by an insured bank in Hawaii.

6 Consists of asset and liability data for 4 noninsured branches operated by 2 insured banks in New York.

7 Includes asset and liability data for 13 insured branches operated by 2 insured banks in New York.

8 Includes asset and liability data for 4 insured branches operated by an insured bank in New York.

Note .'Data for the above branches are not included in the figures for the States in which the parent banks are located.

Back figures: See the Annual Report for 1958, pp. 178-179, and earlier reports.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 127

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Federal Reserve Bank of St. Louis
A s se t s a n d L ia b il it ie s of B a n k s

Table 107. 

Table 108. 

Table 109. 

Table 110. 

Table 111.

Assets and liabilities of all banks in the United States (States and other 

areas), June 10, 1959

Banks grouped according to insurance status and type of bank

Assets and liabilities of all banks in the United States (States and other 

areas), December 31, 1959

Banks grouped according to insurance status and type of bank

Assets and liabilities of all banks in the United States (States and other 

areas), December 31, 1959

Banks grouped by district and State

Assets and liabilities of operating insured banks in the United States 

(States and other areas), December 31, 1959, June 10, 1959, and December 31, 1958

Distribution of insured commercial banks in the United States (States and 

other areas), December 31, 1959

Banks grouped according to amount of deposits and by ratios of selected

items to assets

The data in these tables relate to banks operating in the United

States (States and other areas). Data from the same tabulations

for all banks in each State and other area are also shown in the

Corporation’s publication, “Assets, Liabilities, and Capital Accounts, Commercial and Mutual Savings Banks,” as follows:

For June 10, 1959 Report No. 51, pp. 6-7.

For December 31, 1959 Report No. 52, pp. 6-7.

128 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Statements of assets and liabilities are submitted by insured

commercial banks upon either a cash or an accrual basis, depending upon the bank's method of bookkeeping. Assets reported

represent aggregate book value, on the date of call, less valuation

and premium reserves.

Assets and liabilities held in or administered by a savings,

bond, insurance, real estate, foreign, or any other department of

a bank, except a trust department, are consolidated with the

respective assets and liabilities of the commercial department.

“ Deposits of individuals, partnerships, and corporations” include

trust funds deposited by a trust department in a commercial or

savings department. Other assets held in trust are not included

in statements of assets and liabilities.

In the case of banks with one or more domestic branches, the

assets and liabilities reported are consolidations of figures for the

head office and all domestic branches. In the case of a bank with

foreign branches, net amounts due from its own foreign branches

are included in “Other assets,” and net amounts due to its own

foreign branches are included in “Other liabilities.” Branches

outside the continental United States of insured banks in the

United States are treated as separate entities but as in the case

of other branches are not included in the count of banks. Data

for such branches are not included in the figures for the States

in which the parent banks are located.

Demand balances with and demand deposits due to banks in

the United States, except private banks and American branches

of foreign banks, exclude reciprocal interbank deposits. Reciprocal interbank deposits arise when two banks maintain deposit

accounts with each other.

Individual loan items are reported gross instead of net of valuation reserves. Accordingly, reserves for losses on loans are

shown separately.

Instalment loans are ordinarily reported net if the instalment

payments are applied directly to the reduction of the loan. Such

loans are reported gross if, under contract, the payments do not

immediately reduce the unpaid balances of the loan but are

assigned or pledged to assure repayment at maturity.

Total deposits shown in these tables are not the same as the

deposits upon which assessments paid to the Federal Deposit

Insurance Corporation are based. The assessment base is slightly

lower due to certain exclusions which are permitted and deductions which may be claimed.

Asset and liability data for noninsured banks are tabulated

from reports pertaining to the individual banks. In a few cases

these reports are not as detailed as those submitted by insured

banks, and some of the items reported have been allocated to

more detailed categories according to the distribution of asset and

liability data for insured State banks not members of the Federal

Reserve System or for other noninsured banks.

Sources of data

National banks and State banks in the District of Columbia not

members of the Federal Reserve System: Office of the Comptroller of the Currency.

State banks members of the Federal Reserve System: Board of

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

Noninsured banks: State banking authorities; and reports from

individual banks.

ASSETS AND LIABILITIES OF BANKS

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Federal Reserve Bank of St. Louis
Table 107. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), JUNE 10, 19591

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK

(Amounts in thousands of dollars)

All banks Commercial and stock savings banks and

nondeposit trust companies Mutual savings banks

Asset, liability, or capital account item

Noninsured

Total Insured Noninsured Total Insured Banks

of

deposit

Nondeposit

trust

companies2

Total Insured Noninsured

Total assets................................................................... 273,308,866 263,714,994 9,593,872 234,782,110 232,486,749 2,089,075 206,286 38,526,756 31,228,245 7,298,511

Cash, balances with other banks, and cash

collection items— total............................... 43,815,676 43,317,654 498,022 43,035,330 42,687,372 309,738 38,220 780,346 630,282 150,064

Currency and coin................................................

Reserve with F. R. banks (member banks). .

Demand balances with banks in U. S.............

3,268,191

18,085,506

10,871,077

3,202,007

18,085,508

10,491,951

66,184 3,155,627

18,084,033

10,360,340

3,118,875

18,084,033

10,091,758

35,315 1,437 112,564

1,473

510,737

83,132

1,473

400,193

29,432

379,126 239,642 28,940 lid, 544

Other balances with banks in U. S................... 201,121 199,359 1,762 75,840 74,176 748 916 125,281 125,183 98

Balances with banks in foreign countries. . . . 101,621 96,847 4,774 101,621 96,847 1,584 3,190

Cash items in process of collection.................. 11,288,160 11,241,984 46,176 11,257,869 11,221,683 32,449 3,737 ........ 30,291 ........ 20,301 ........ 9,990

Securities— total.................................................... 96,077,731 91,902,631 4,175,100 83,005,353 81,858,211 1,033,118 114,024 13,072,378 10,044,420 3,027,958

U. S. Gov’t, obligations (incl. guaranteed)... 69,556,657 66,787,618 2,769,039 62,208,154 61,463,889 691,342 52,923 7,348,503

735,842

5,323,729 2,024,774

Obligations of States and subdivisions........... 17,778,683 17,441,571 337,112 17,042,841 16,789,706 224,028 29,107 651,865 83,977

Other bonds, notes, and debentures................ 7,313,141 6,625,745 687,396 3,183,650 3,084,889 94,966 3,795 4,129,491 3,540,856 588,635

Corporate stocks................................................... 1,429,250 1,047,697 381,553 570,708 519,727 22,782 28,199 858,542 527,970 330,572

Loans and discounts, net— tota l.................... 128,143,347 123,387,760 4,755,587 103,994,083 103,282,047 681,638 30,398 24,149,264 20,105,713 4,043,551

Valuation reserves..................................................... 2,237,403 2,210,835 26,568 2,013,891 2,009,633 4,206

685,844

52 223,512 201,202 22,310

Loans and discounts, gross— total................. 130,380,759 125,598,595 4,782,155 106,007,974 105,291,680 30,450 24,372,776 20,306,915 4,065,861

Real estate loans— total...................................... 50,858,420 46,681,287 4,177,133 26,857,392 26,648,464 192,212 16,716 24,001,028 20,032,823 3,968,205

Secured by farm land........................................ 1,608,699 1,576,588 32,111 1,551+,81*6 1,536,66k 16,859 1,323 53,853 39,92k 13,929

Secured by residential properties:

Insured by F H A ............................................ 11,698,773 11,17k,935 523,838 5,833,802 5,802,833 27,6k0 3,329 5,86k,971 5,372,102 k92,869

Insured or guaranteed by V A ..................... 11,7U3,U00 10,668,956 l,07k,kkk 3,250,151 3,232,027 16,787 1,337 8,k93,2k9 7 ,k36,929 1,056,320

Not insured or guaranteed by FHA or VA. 1 7,62k,5k2 15,525,966 2,098,576 10,k0k,3k2 10,318,5k6 78,137 7,659 7,220,200 5,207,k^O 2,012,780

Secured by other properties.............................. 8,183,006 7,73U,8J>2 U8J6U 5,81k,251 5,758,39k 52,789 3,068 2,368,755 1,976, kk8 392,307

Loans to banks*.....................................................

Loans to brokers and dealers in securities. . .

1,854,813

2,332,740

1,850,422

2,311,797

4,391

20,943

1,854,813

2,332,740

1,921,232

1,850,422

2,311,797

4,391

16,973

28,142

.........3,970

(•) (*) (*)

Other loans for carrying securities................... 1,937,195 1,901,836 35,359 1,888,913 4,177 15,963 12,923 3,040

Loans to farmers directly guaranteed by the

261,775

4,794,899

8,326

44,601

rinmmArlifv PrDHif P.^Tnnf^ fi r\r\ 270,101

4.841.341

261,775

4,796,333

8,326

45,008

270,101

Other loans to farmers (excL real estate). . . 4,839,700 200 1,641 1,434 207

Commercial and industrial loans...................... 41^933,311 41,697,608 235,703 41,859,223 41,626,738 230,722 1,763

1,673

74,088 70,870 3,218

Other loans to individuals.................................. 22,752,574 22,524,330 228,244 22,495,293 22,351,865 141,755 257,281 172,465 84,816

All other loans (including overdrafts)............. 3,600,255 3,573,207 27,048 3,577,480 3,556,807 18,722 1,951 22,775 16,400 6,375

Miscellaneous assets— total.............................. 5,272,112 5,106,949 165,163 4,747,344 4,659,119 64,581 23,644 524,768 447,830 76,938

Bank premises owned, furniture and fixtures. 2,708,784 2,644,909 63,875 2,472,595 2,452,963 12,658 6,974 236,189 191,946 44,243

Other real estate— direct and indirect............. 288,413 272,778 15,635 277,864 266,037 4,226 7,601 10,549 6,741 3,808

All other miscellaneous assets............................ 2,274,915 2,189,262 85,653 1,996,885 1,940,119 47,697 9,069 278,030 249,143 28,887

iSO FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Total liabilities and capital accounts...............

Business and personal deposits— total........

Deposits of individuals, partnerships, and

corporations— demand.....................................

Deposits of individuals, partnerships, and

corporations— time...........................................

Certified and officers’ checks, cash letters of

credit and travelers’ checks outstanding,

and amounts due to Federal Reserve banks.

Government deposits— total............................

United States Government— demand.............

United States Government— time....................

States and subdivisions— demand....................

States and subdivisions— time..........................

Interbank and postal savings deposits—

total.....................................................................

Banks in the United States— demand.............

Banks in the United States— time...................

Banks in foreign countries— demand...............

Banks in foreign countries— time.....................

Postal savings........................................................

273,308,866 263,714,994 9,593,872 234,782,110 232,486,749 2,089,075 206,286 38,526,756 31,228,245 7,298,511

209,830,151

110,036,441

96,367,880

3,425,830

202,108,738

109,193,859

89,524,488

3,390,391

7,721,413

842,582

6,843,392

35,439

175,347,380

110,015,126

61,911,048

3,421,206

174,084,839

109,172,790

61,525,875

3,386,174

1,191,990

777,339

379,730

34,921

70,551

64,997

5,443

111

34,482,771

21,315

34,456,832

4,624

28,023,899

21,069

27,998,613

4,217

6,458,872

246

6,458,219

407

17,526,010

2,803,658

315,600

10,577,077

3,829,675

17,255,309

2,775,816

311,885

10,450,942

3,716,666

270,701

27,842

3,715

126,135

113,009

17,508,312

2,801,484

315,579

10,575,432

3,815,817

17,240,140

2,774,238

311,868

10,449,297

3,704,737

268,172

27,246

3,711

126,135

111,080

17,698

2,174

21

1,645

13,858

15,169

1,578

17

1,645

11,929

2,529

596

4

1,929

15,659,657

11,951,011

255,692

1,548,411

1,883,114

21,429

15,383,145

11,828,261

145,393

1,517,513

1,871,059

20,919

276,512

122,750

110,299

30,898

12,055

510

15,657,314

11,950,656

253,704

1,548,411

1,883,114

21,429

15,380,872

11,827,906

143,475

1,517,513

1,871,059

20,919

276,117

122,426

110,229

30,897

12,055

510

325

324

1

2,343

355

1,988

2,273

355

1,918

70

70

Total deposits.................................................

Demand............................................................

Time.................................................................

Miscellaneous liabilities— total.......................

Rediscounts and other borrowed money........

All other miscellaneous liabilities.....................

Total liabilities (excluding capital

accounts)....................................................

Capital accounts— total......................................

Preferred capital....................................................

243,015,818

140,342,428

102,673,390

234,747,192

139,156,782

95,590,410

8,268,626

1,185,646

7,082,980

208,513,006

140,312,315

68,200,691

206,705,851

139,127,918

67,577,933

1,736,279

1,118,964

617,315

70,876

65,433

5,443

34,502,812

30,113

34,472,699

28,041,341

28,864

28,012,477

6,461,471

1,249

6,460,222

7,786,542

2,781,456

5,005,086

7,566,137

2,764,499

4,801,638

220,405

16,957

203,448

7,077,599

2,778,828

4,298,771

6,987,620

2,761,891

4,225,729

72,691

15,298

57,393

17,288

1,639

15,649

708,943

2,628

706,315

578,517

2,608

575,909

130,426

20

130,406

250,802,360 212,313,329 8,489,031 215,590,605 213,693,471 1,808,970 88,164 35,211,755 28,619,858 6,591,897

22,506,506

74,721

5,763,828

11,400,044

5,267,913

21,401,665

44,646

5,645,678

10,875,320

4,836,021

1,104,841

30,075

118,150

524,724

431,892

19,191,505

74,721

5,763,828

9,107,755

4,245,201

18,793,278

44,646

5,645,678

8,976,309

4,126,645

280,105

30,075

80,348

94,815

74,867

118,122 3,315,001 2,608,387 706,614

Common stock....................................................... 37,802

36,631

43,689

Surplus......................................................

Undivided profits and reserves.......................

2,292,289

1,022,712

1,899,011

709,376

393,278

313,336

Number of banks4........................................... 14,011 13,348 663 13,492 13,097 341 54 519 251 268

1 Data are as of June 30, 1959, for some noninsured banks.

I Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

5 Not reported separately for mutual savings banks.

4 Includes 20 noninsured banks of deposit for which asset and liability data are not available.

Back figures: See the Annual Report of 1958, pp. 182-183, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 131

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK

(Amounts in thousands of dollars)

Table 1 0 8 . ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS) , DECEMBER 31, 1959

All banks Commercial and stock savings banks and

nondeposit trust companies Mutual savings banks

Asset, liability, or capital account item

Noninsured

Total Insured Noninsured Total Insured Banks

of

deposit

Nondeposit

trust

companies1

Total Insured Noninsured

Total assets................................................................... 284,357,731 275,165,376 9,192,355 245,414,871 243,422,660 1,782,562 209,649 38,942,860 31,742,716 7,200,144

Cash, balances with other banks, and cash

collection items— total............................... 50,362,016 49,897,540 464,476 49,532,607 49,211,482 281,442 39,683 829,409 686,058 143,351

Currency and coin................................................

Reserve with F. R. banks (member banks). .

3,169,565

17,932,211

3,114,381

17,932,211

55,184 3,035,781

17,930,867

3,010,391

17,930,867

24,270 1,120 133,784

1,344

103,990

1,344

29,794

Demand balances with banks in U. S.............. 12,761,448 12,393,949 367,499 12,196,239 11,928,087 235,945 32,207 565,209 465,862 99,347

Other balances with banks in U. S................... 140,953 137,634 3,319 58,674 55,771 702 2,201 82,279 81,863 416

Balances with banks in foreign countries. . . . 114,565 110,539 4,026 114,565 110,539 4,004 22

Cash items in process of collection................... 16,243,274 16,208,826 34,448 16,196,481 16,175,827 16,521 4,133 .........46,793 ........ 32,999 13,794

Securities— total.................................................... 92,012,373 88,219,945 3,792,428 79,577,491 78,582,342 882,244 112,905 12,434,882 9,637,603 2,797,279

U. S. Gov’t, obligations (incl. guaranteed)... 65,881,700 63,406,560 2,475,140 59,017,290 58,390,541 577,215 49,534 6,864,410 5,016,019 1,848,391

Obligations of States and subdivisions........... 17,714,739 17,390,826 323,913 16,992,799 16,753,880 206,871 32,048 721,940 636,946 84,994

Other bonds, notes, and debentures................ 7,014,757 6,384,676 630,081 2,980,198 2,898,781 78,057 3,360 4,034,559 3,485,895 548,664

Corporate stocks................................................... 1,401,177 1,037,883 363,294 587,204 539,140 20,101 27,963 813,973 498,743 315,230

Loans and discounts, net— total.................... 136,409,682 131,636,872 4,772,810 111,283,519 110,694,852 557,576 31,091 25,126,163 20,942,020 4,184,143

Valuation reserves..................................................... 2,402,660 2,377,750 24,910 2,175,266 2,171,789 3,341 136 227,394 205,961 21,433

Loans and discounts, gross— total................. 138,812,342 134,014,622 4,797,720 113,458,785 112,866,641 560,917 31,227 25,353,557 21,147,981 4,205.576

Real estate loans— total...................................... 53,137,350 48,915,438 4,221,912 28,145,353 28,031,357 97,997 15,999 24,991,997 20,884,081 4,107,916

Secured by farm land........................................ 1,642,259 1,612,66^ 29,595 1,587,633 1,570,790 15,361 1,482 54,626 41,874 12,752

Secured by residential properties:

Insured by F H A ............................................ 12,398,042 11,829,192 568,850 6,122,447 6,112,484

3,152,759

6,612 3,351 6,275,595 5,716,708 558,887

Insured or guaranteed by V A ..................... 11,750,066 10,677,984 1,072,082 3,161,343 7,530 1,054 8,588,723 7,525,225 1,063,498

Not insured or guaranteed by FHA or V A . 18,658,757 16,535,555 2,123,202 11,036,821 10,981,476 48,016 7,329 7,621,936 5,554,079 2,067,857

Secured by other properties..............................

Loans to commercial and foreign banks2........

Loans to other financial institutions2..............

Loans to brokers and dealers in securities. . .

8,688,226

825,053

7,132,089

3,018,146

1,858,845

8,260,043

819,148

7,118,825

2,981,904

1,832,509

428,183

5,905

13,264

36,242

26,336

6,237,109

825,053

7,132,089

3,018,146

1,851,398

6,213,848

819,148

7,118,825

2,981,904

1,828,239

20,478

5,905

13,264

31,352

18,574

2,783

4,890

4,585

2,451,117

8

2,046,195

T

Other loans for carrying securities................... 7,447 4,270 3,177

Loans to farmers directly guaranteed by the

Commodity Credit Corporation...................

Other loans to farmers (excl. real estate) . . . .

200,135

4,829,923

196,071 4,064

40,843

200,135

4,828,207

196,071

4,787,399

4,064

4,789,080 40,645 163 1,716 1,681 35

Commercial and industrial loans...................... 40,489,547 40,287,616 201,931 40,394,821 40,195,317 197,177 2,327 94,726 92,299 2,427

Other loans to individuals.................................. 24,508,912 24,287,265 221,647 24,269,957 24,133,935 134,468 1,554 238,955 153,330 85,625

All other loans (including overdrafts)............. 2,812,342 2,786,766 25,576 2,793,626 2,774,446 17,471 1,709 18,716 12,320 6,396

Miscellaneous assets— total.............................. 5,573,660 5,411,019 162,641 5,021,254 4,933,984 61,300 25,970 552,406 477,035 75,371

Bank premises owned, furniture and fixtures. 2,883,967 2,824,634 59,333 2,640,345 2,624,494 9,010 6,841 243,622 200,140 43,482

Other real estate— direct and indirect............. 300,950 284,130 16,820 288,788 276,062 4,384 8,342 12,162 8,068 4,094

All other miscellaneous assets............................ 2,388,743 2,302,255 86,488 2,092,121 2,033,428 47,906 10,787 296,622 268,827 27,795

132 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Total liabilities and capital accounts...............

Business and personal deposits— total........

Deposits of individuals, partnerships, and

corporations— demand.....................................

Deposits of individuals, partnerships, and

corporations— time...........................................

Certified and officers’ checks, and letters of

credit and travelers’ checks sold for cash. .

Government deposits—total..........................

United States Government— demand.............

United States Government— time....................

States and subdivisions— demand....................

States and subdivisions— time..........................

Interbank and postal savings deposits—

total...............................................................

Banks in the United States— demand.............

Banks in the United States— time...................

Banks in foreign countries— demand...............

Banks in foreign countries— time.....................

Postal savings........................................................

284,357,731 275,165,376 9,192,355 245,414,871 243,422,660 1,782,562 209,649 38,942,860 31,742,716 7,200,144

218,272,368

116,459,580

97,883,390

3,929,398

210,806,402

115,694,170

91,229,464

3,882,768

7,465,966

765,410

6,653,926

46,630

183,310,641

116,437,488

62,948,925

3,924,228

182,247,441

115,672,124

62,697,268

3,878,049

991,428

699,310

245,977

46,141

71,772

66,054

5,680

38

34,961,727

22,092

34,934,465

5,170

28,558,961

22,046

28,532,196

4,719

6,402,766

46

6,402,269

451

20,101,061

5,073,359

279,092

11,531,111

3,217,499

19,893,473

5,051,388

275,889

11,434,085

3,132,111

207,588

21,971

3,203

97,026

85,388

20,082,261

5,069,617

278,743

11,529,473

3,204,428

19,877,259

5,048,477

275,544

11,432,447

3,120,791

205,002

21,140

3,199

97,026

83,637

18,800

3,742

349

1,638

13,071

16,214

2,911

345

1,638

11,320

2,586

831

4

1,751

17,123,351

13,953,587

177,871

1,705,175

1,266,795

19,923

16,888,877

13,832,298

101,823

1,675,163

1,259,695

19,898

234,474

121,289

76,048

30,012

7,100

25

17,121,190

13,953,269

176,028

1,705,175

1,266,795

19,923

16,886,805

13,831,980

100,069

1,675,163

1,259,695

19,898

234,084

120,989

75,959

30,011

7,100

25

301

300

1

2,161

318

1,843

2,072

318

1,754

89

89

Total deposits.............................................

Demand............................................................

Time.................................................................

Miscellaneous liabilities—total.....................

Rediscounts and other borrowed money........

All other miscellaneous liabilities.....................

Total liabilities (excluding capital

accounts)..................................................

Capital accounts— total...................................

Preferred capital....................................................

255,496,780

152,652,210

102,844,570

247,588,752

151,569,872

96,018,880

7,908,028

1,082,338

6,825,690

220,514,092

152,619,250

67,894,842

219,011,505

151,538,2A0

67,473,265

1,430,514

1,0U ,617

415,897

72,073

66,393

5,680

34,982,688

32,960

34,949,728

28,577,247

31,632

28,545,615

6,405,441

1,328

6,404,113

5,887,800

648,852

5,238,948

5,691,502

617,647

5,073,855

196,298

31,205

165,093

5,286,668

639,262

4,647,406

5,179,650

608,805

4,570,845

90,668

28,970

61,698

16,350

1,487

14,863

601,132

9,590

591,542

511,852

8,842

503,010

89,280

748

88,532

261,384,580 253,280,254 8,104,326 225,800,760 224,191,155 1,521,182 88,423 35,583,820 29,089,099 6,494,721

22,973,151

73,034

5,932,536

11,760,363

5,207,218

21,885,122

43,034

5,818,113

11,243,009

4,780,966

1,088,029

30,000

114,423

517,354

426,252

19,614,111

73,034

5,932,536

9,399,631

4,208,910

19,231,505

43,034

5,818,113

9,276,052

4,094,306

261,380

30,000

75,546

85,846

69,988

121,226 3,359,040 2,653,617 705,423

Common stock....................................................... 38,877

37,733

44,616

Surplus.....................................................................

Undivided profits and reserves..........................

2,360,732

998,308

1,966,957

686,660

393,775

311,648

Number of banks8.......................................................... 14,004 13,382 622 13,486 13,114 317 55 518 268 250

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

2 Not reported separately for mutual savings banks.

8 Includes 20 noninsured banks of deposit for which asset and liability data are not available.

Back figures, 1934-1958: See the preceding table and the Annual Report for 1958, pp. 184-185, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 133

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BANKS GROUPED BY DISTRICT AND STATE

(Amounts in thousands of dollars)

Table 109. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1959

Assets Liabilities and capital accounts

FDIC District

and State

Number of Cash and

due from

banks

U. S. Government

obligations

Loans, discounts, and

overdrafts

Miscellaneous

assets

Total

Deposits

Miscellaneous

liabilities

Total

capital

accounts

banks1 Other

securities Business

and

personal2

Government*

Interbank4

Total United States. . 14,004 50,362,016 65,881,700 26,130,673 136,409,682 5,573,660 284,357,731 218,272,368 20,101,061 17,123,351 5,887,800 22,973,151

48 States and D. C.5. . . 13,961 50,125,958 65,567,462 26,004,113

26,069,894

135,508,981 5,478,076 282,684,590 217,175,588 19,753,190 17,096,423 5,817,175 22,842,214

50 States and D. G........ 13,990 50,292,341 65,794,992 135,952,131 5,501,159 283,610,517 217,804,059 19,951,364 17,112,763 5,828,379 22,913,952

Other areas.................... 14 69,675 86,708 60,779 457,551 72,501 747,214 468,309 149,697 10,588 59,421 59,199

FDIC District

District 1 ...................... 772 2,303,108 5,253,173 2,210,730 11,637,983 326,503 21,731,497 17,811,811 905,297 542,584 441,676 2,030,129

District 26.................... 857 12,849,384 13,726,637 7,846,845 45,137,964 2,080,758 81,641,588 62,329,778 3,394,510 6,210,475 2,650,603 7,056,222

District 3 ...................... 1,319 5,158,936 7,255,337 3,226,174 13,747,795 461,381 29,849,623 23,833,494 1,826,466 1,116,659 449,920 2,623,084

District 4 ...................... 988 2,739,297 3,708,726 1,255,622 5,993,306 287,462 13,984,413 10,702,916 1,146,444 770,153 232,513 1,132,387

District 5 ...................... 1,136 2,638,817 3,242,225 1,076,744 4,845,907 230,847 12,034,540 8,658,728 1,382,734 889,222 195,253 908,603

District 6 ...................... 1,514 3,277,442 3,722,384 1,139,127 5,724,851 161,203 14,025,007 10,059,268 1,139,278 1,554,558 162,920 1,108,983

District 7 ...................... 1,396 3,276,062 5,971,771 1,638,549

2,064,160

8,014,301 284,600 19,185,283 15,337,418 1,645,972 565,867 248,353 1,387,673

District 8 ...................... 1,627 4,134,407 6,450,034 9,028,312 231,532 21,908,445 16,777,027 1,606,124 1,538,587 251,918 1,734,789

District 9 ..................... 1,133 1,235,519 2,057,236 764,108 3,153,524 108,953 7,319,340 5,527,425 699,757 424,022 105,795 562,341

District 10................... 1,646 2,131,967 2,689,292 816,210 3,924,229 132,278 9,693,976 6,977,211 1,164,554 632,471 122,701 797,039

District 11................... 1,238 4,521,804 4,188,335 1,432,241 7,513,698 462,552 18,118,630 12,659,985 1,977,555 1,814,681 298,455 1,367,954

District 127.................. 378 6,095,273 7,616,550 2,660,163 17,687,812 805,591 34,865,389 27,597,307 3,212,370 1,064,072 727,693 2,263,947

State

Alabama....................... 237 468,035 564,296 250,793 903,892 35,007 2,222,023 1,672,624 248,571 96,270 25,853 178,705

Alaska........................... 18 30,613 64,373 13,516 84,127 3,992 196,621 130,355 50,763 2,393 962 12,148

Arizona......................... 9 238,721 202,633 82,654 719,032 42,202 1,285,242 992,539 148,103 31,667 25,796 87,137

Arkansas....................... 236 339,966 350,806 171,582 487,539 17,245 1,367,138 1,048,752 111,154 89,761 7,223 110,248

California..................... 115 4,542,506 5,462,192 1,937,740 13,520,650 603,378 26,066,466 20,718,528 2,220,618 883,490 610,737 1,633,093

Colorado....................... 186 440,950 528,247 98,519 994,122 35,959 2,097,797 1,622,713 166,002 130,426 24,053 154,603

Connecticut................. 144 540,720 1,113,731 707,855 2,809,298 82,512 5,254,116 4,481,629 175,498 50,457 91,512 455,020

Delaware...................... 22 129,621 243,921 131,332 403,759 17,487 926,120 726,713 81,119 9,846 13,263 95,179

District of Columbia.. 12 314,670 488,425 57,963

404,646

712,426 33,851 1,607,335 1,350,903 43,486 65,585 36,566 110,795 293 1,130,454 1,574,863 1,990,219 113,011 5,213,193 3,758,166 584,371 399,534 100,041 371,081

Georgia.......... .............. 413 724,076 730,236 206,163 1,434,736 58,393 3,153,604 2,217,964 320,584 296,328 59,914 258,814

Hawaii.......................... 11 135,770 163,157 52,265 359,023 19,091 729,306 498,116 147,411 13,947 10,242 59,590

Idaho............................. 32 119,652 201,756 47,594 313,796 12,229 695,027 550,790 88,266 6,490 5,150 44,331

Illinois........................... 955 3,521,244 5,580,768 1,739,352 7,506,628 202,160 18,550,152 14,149,476 1,333,018 1,387,567 235,196 1,444,895

Indiana......................... 454 992,794 1,742,335 308,610 1,984,957 66,023 5,094,719 3,927,156 591,590 140,600 55,846 379,527

Iowa............... .............. 672 613,163 869,266 324,808 1,521,684 29,372 3,358,293 2,627,551 273,106 151,020 16,722 289,894

Kansas.......................... 593 501,876 747,877 306,031 928,183 26,009 2,509,976 1,692,207 474,253 113,608 16,928 212,980

Kentucky..................... 358 596,790 772,683 135,867 1,002,976

1,207,188

24,180 2,532,496 1,885,809 203,891 213,674 20,210 208,912

Louisiana...................... 187 763,038 882,408 295,662 50,954 3,199,250 2,139,459 480,565 300,517 44,082 234,627

Maine............................ 86 121,092 305,687 152,461 569,313 18,773 1,167,326 976,148 49,737 10,499 15,838 115,104

134 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Maryland.............

Massachusetts.. .

Michigan.............

Minnesota...........

Mississippi..........

Missouri...............

Montana..............

Nebraska.............

Nevada.................

New Hampshire.

New Jersey. . . .

New Mexico___

New York.........

North Carolina.

North Dakota..

Ohio......................

Oklahoma............

Oregon..................

Pennsylvania

Rhode Island

South Carolina.

South Dakota. .

Tennessee..........

Texas..................

Utah...................

Vermont...........

Virginia............

Washington. . .

West Virginia.

Wisconsin........

Wyoming.........

Other area

Pacific Islands8.

Panama Canal Zone9,

Puerto Rico10.

Virgin Islands11.

147

354

383

688

193

623

116

426

7

108

279

52

543

192

156

590

388

54

729

17

145

173

297

990

49

63

309

91

183

559

53

497,647

1,351,725

1,429,646

856,968

316,252

1,508,275

155,595

392,732

56,966

91,064

1,195,074

172.560

11,459,566

709.561

109,510

2,242,834

705,812

385,747

2,916,102

144,875

239,631

113,446

832,411

3,347,485

201,457

53,632

694,013

618,010

283,775

853,622

90,597

1,669

2,883

60,368

4,755

911,161

3,142,814

2,668,400

1,177,534

372,830

1,793,924

269,265

503,249

124,957

253,127

2,266,384

235,398

11,131,699

623,928

320,472

3,386,092

757,258

577,328

3,869,245

321,217

304,724

289,965

804,971

2,867,896

239,675

116,597

883,533

781,037

496,955

1,561,036

152,661

2,075

78,448

6,185

325,084

1,014,886

946,662

476,001

215,142

542,192

81,616

129,825

46,526

98,713

1,344,444

41,012

6,310,290

363,832

139,226

934,998

253,139

212,653

2,291,176

197,302

121,479

67,265

289,486

1,012,913

74,655

39,513

285,848

275,214

101,416

383,277

28,696

59,138

1,641

1,381,727

6,525,473

4,030,526

2,232,070

517,060

2,673,787

353.251

748,654

206,302

575,525

4,098,725

288,238

40,190,319

1,354,020

259,951

5,434,698

1,089,246

1,028,077

8,313,097

817,844

429,487

308.252

1,560,549

5,299,240

504,609

340,530

1,603,500

1,658,838

512,146

1,998,818

164,024

10,915

1,475

432,247

12,914

89,076

177,834

146,895

72,998

24,436

71,318

14,475

17,636

10,051

16,249

149,919

12,494

1,873,041

66,576

10,732

179,322

46,177

45.458

282,059

22,093

17,706

10,748

48,460

356,902

16,744

9,042

59,487

62.458

20,766

71,682

6,497

14,816

17,374

35,031

5,280

3,204,695

12,212,732

9,222,129

4,815,571

1,445,720

6,589,496

874,202

1,792,096

444,802

1,034,678

9,054,546

749,702

70,964,915

3,117,917

839,891

12,177,944

2,851,632

2,249,263

17,671,679

1,503,331

1,113,027

789,676

3,535,877

12,884,436

1,037,140

559,314

3,526,381

3,395,557

1,415,058

4,868,435

442,475

29,475

21,732

665,232

30,775

2,582,931

9,749,132

7,411,384

3,617,142

1,009,974

4,627,455

677,332

1,276,980

343,907

855,005

7,577,939

538,196

53,582,297

2,193,882

608,761

9,663,730

2,055,815

1,793,548

14,169,764

1,272,190

831,561

624,190

2,497,252

8,989,791

764,119

477,707

2,666,579

2,772,464

1,077,060

3,998,878

329,496

15,535

9,945

425,834

16,995

220,162

563,947

755,359

372,656

229,208

521,303

96,483

164,986

68,109

40,179

583,117

138,390

2,604,919

280,721

143,124

1,014,768

298,654

216,148

811,698

51,463

149,409

87,494

302,930

1,210,497

147,016

24,473

323,297

249,697

129,369

299,023

60,659

12,847

11,495

113,096

12,259

101,791

456,315

239,361

365,327

97,090

830,206

31,898

156,996

1,377

10,713

83,632

18,125

6,106,667

313,431

14,532

377,377

216,325

30,767

739,282

12,466

29,654

12,265

420,917

1,464,372

42,638

2,134

206,610

82,712

53,082

185,906

15,116

93

165

10,264

66

43,519

268,399

144,929

77,953

9,445

76,385

12,819

37,522

6,538

19,872

161,916

10,880

2,416,891

76.576

7,814

167,452

39,310

39.576

282,468

38,798

12,717

7,209

59,102

217,697

14,136

7,257

48,274

39,464

14,861

47,578

4,888

761

127

58,053

480

256,292

1,174,939

671,096

382,493

100,003

534,147

55,670

155,612

24,871

108,909

647,942

44,111

6,254,141

253,307

65,660

954,617

241,528

169,224

1,668,467

128,414

89,686

58,518

255,676

1,002,079

69,231

47,743

281,162

251,220

140,686

337,050

32,316

239

57,985

975

1 Includes 20 noninsured banks of deposit (5 in Colorado, 12 in Georgia, 1 in Iowa, and 2 in Texas) for which asset, liability, and capital account data are not available.

2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers' checks, cash letters of credit, etc.

3 Deposits of the United States Government and of States and subdivisions.

4 Interbank deposits and postal savings deposits.

5 Formerly designated as “ Continental United States” . Alaska was admitted to Statehood January 3, 1959 and Hawaii, August 21, 1959.

6 Includes Puerto Rico and the Virgin Islands.

7 Includes Alaska, Hawaii, Pacific Islands, and the Panama Canal Zone.

8 In United States possessions (American Samoa, Guam, and Midway Islands) and Trust Territories (Kwajalein and Saipan). Consists of asset and liability data for 1 noninsured

bank in America Samoa and for the following branches: 4 branches in the Mariana Islands (3 insured on Guam and 1 noninsured on Saipan) operated by an insured bank in California;

and 2 noninsured branches (1 on Midway Island and 1 on Kwajalein Island in Marshall Islands) operated by an insured bank in Hawaii.

5 Consists of asset and liability data for 4 noninsured branches operated by 2 insured banks in New York.

10 Includes asset and liability data for 13 insured branches operated by 2 insured banks in New York.

11 Includes asset and liability data for 4 insured branches operated by an insured bank in New York.

Note: Data for the above branches are not included in the figures for the States in which the parent banks are located.

Back figures, 191*5-1958: See the Annual Report for 1958, pp. 186-187, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 135

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Federal Reserve Bank of St. Louis
Table 110. ASSETS AND LIABILITIES OF INSURED BANKS IN THE UNITED STATES (STATES AND OTHER AREAS) ,

December 31, 1959, June 10, 1959, and December 31,1958

(Amounts in thousands of dollars)

Assets

All insured banks Insured commercial banks1 Insured mutual savings banks

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Total assets........................................................................

Cash, balances with other banks, and cash collection items— total.............................................

Currency and coin............................................................

Reserve with Federal Reserve banks (member banks)

Demand balances with banks in the United States

(except private banks and American branches of

foreign banks)................................................................

Other balances with banks in the United States----

Balances with banks in foreign countries...................

Cash items in process of collection..............................

Obligations of the U. S. Government, direct and

guaranteed—total................................................

Direct:

Treasury bills.................................................................

Treasury certificates of indebtedness......................

Treasury notes...............................................................

United States non-marketable bonds......................

Other bonds maturing in 5 years or less................

Other bonds maturing in 5 to 10 years.................

Other bonds maturing in 10 to 20 years...............

Other bonds maturing after 20 years....................

Guaranteed obligations...............................................

Other securities—total...............................................

Obligations of States and subdivisions........................

Other bonds, notes, and debentures............................

Federal Reserve bank stock...........................................

Other corporate stocks....................................................

Total securities.................................................

275,165,376 263,714,994 267,662,458 243,422,660 232,486,749 237,473,161 31,742,716 31,228,245 30,189,297

49,897,540

3,114,381

17,932,211

12,393,949

137,634

110,539

16,208,826

43,317,654

3,202,007

18,085,506

10,491,951

199,359

96,847

11,241,984

49,543,458

3,370,983

18,428,052

12,774,542

235,215

113,509

14,621,157

49,211,482

3,010,391

17,930,867

11,928,087

55,771

110,539

16,175,827

42,687,372

3,118,875

18,084,033

10,091,758

74,176

96,847

11,221,683

48,791,792

3,259,181

18.426.597

12,323,841

75,066

113,509

14.593.598

686,058

103,990

1,344

465,862

81,863

.........32,999’

630,282

83,132

1,473

400,193

125,183

........20,301

751,666

111,802

1,455

450,701

160,149

.........27,559

63,406,560

6,335,854

2,492,967

15,229,161

1,347,518

22,535,155

11,260,410

3,271,790

867,055

66,650

66,787,618

5,156,567

4,805,220

14,353,055

1,890,641

24,425,591

8,926,139

6,242,921

959,916

27,568

71,003,719

6,272,404

7,427,829

13,616,977

1,992,610

22,598,535

12,025,440

6,133,591

915,050

21,283

58,390,541

6,191,754

2.405.804

14,735,040

784,386

22,046,880

9.547.804

2,182,690

454,285

41,898

61,463,889

5,034,819

4,694,045

13,939,725

1,154,567

23,930,956

8,245,771

3,945,279

509,128

9,599

65,788,956

6,175,107

7,366,557

13,259,413

1,198,468

22,096,152

11,360,188

3,826,377

500,614

6,080

5,016,019

144,100

87,163

494,121

563,132

488,275

1,712,606

1,089,100

412,770

24,752

5,323,729

121,748

111,175

413,330

736,074

494,635

680,368

2,297,642

450,788

17,969

5,214,763

97,297

61,272

357,564

794,142

502,383

665,252

2,307,214

414,436

15,203

24,813,385

17,390,826

6,384,676

387,358

650,525

25,115,013

17,441,571

6,625,745

378,183

669,514

24,852,637

16,948,991

6,895,445

364,555

643,646

20,191,801

16,753,880

2,898,781

387,275

151,865

20,394,322

16,789,706

3,084,889

378,102

141,625

20,267,455

16,316,891

3,445,567

364,475

140,522

4,621,584

636,946

3,485,895

83

498,660

4,720,691

651,865

3,540,856

81

527,889

4,585,182

632,100

3,449,878

80

503,124

88,219,945 91,902,631 95,856,356 78,582,342 81,858,211 86,056,411 9,637,603 10,044,420 9,799,945

136 FEDERAL DEPOSIT INSURANCE CORPORATION

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Loans and discounts, net— total................................

Valuation reserves.................................................................

Loans and discounts, gross— total.............................

Real estate loans— total..................................................

Secured by farm land....................................................

Secured by residential 'properties:

Insured by F H A ........................................................

Insured or guaranteed by V A .................................

Not insured or guaranteed by FHA or V A .........

Secured by other properties...........................................

Loans to domestic commercial and foreign banks2..

Loans to other financial institutions2..........................

Loans to brokers and dealers in securities.................

Other loans for carrying securities...............................

Loans to farmers directly guaranteed by the Commodity Credit Corporation........................................

Other loans to farmers (excl. real estate)...................

Commercial and industrial loans (including open

market paper)4...............................................................

Other loans to individuals for personal expenditures.

All other loans (including overdrafts)4........................

Total loans and securities................................

Bank premises, furniture and fixtures, and other

real estate— total.......................................................

Bank premises....................................................................

Furniture and fixtures.....................................................

Real estate owned other than bank premises............

Investments and other assets indirectly representing

bank premises or other real estate...........................

Miscellaneous assets— total..........................................

Customers’ liability on acceptances outstanding___

Other assets........................................................................

PERCENTAGES

To total assets:

Cash and balances with other banks...........................

U. S. Government obligations, direct and guaranteed

Other securities..................................................................

Loans and discounts........................................................

Other assets........................................................................

Total capital accounts.....................................................

To total assets other than cash and U. S. Government obligations:

Total capital accounts.....................................................

131,636,872

2,377,750

134,014,622

48,915,438

1,612,664

123,387,760

2,210,835

125,598,595

46,681,287

1,576,588

117,311,454

2,162,327

119,473,781

44,422,115

1,492,334

110,694,852

2.171.789

112,866,641

28,031,357

1.570.790

103,282,047

2,009,633

105,291,680

26,648,464

1,536,664

98,131,656

1,955,113

100,086,769

25,267,331

1,453,007

20,942,020

205,961

21,147,981

20,884,081

41,874

20,105,713

201,202

20,306,915

20,032,823

39,924

19,179,798

207,214

19,387,012

19,154,784

39,327

11,829,192

10,677,984

16,535,555

8,260,043

819,148

7,118,825

2,981,904

11,174,935

10,668,956

15,525,966

7,734,842

1,850,422

(s)

2,311,797

10,439,879

10,532,270

14,659,853

7,297,779

717,821

(s)

2,797,220

6,112,484

3,152,759

10,981,476

6,213,848

819,148

7,118,825

2,981,904

5,802,833

3,232,027

10,318,546

5,758,394

1,850,422

(8)

2,311,797

5,423,029

3,307,384

9,689,503

5,394,408

717,821

0

2,797,220

5,716,708

7,525,225

5,554,079

2,046,195

(2)

(2)

5,372,102

7,436,929

5,207,420

1,976,448

(2)

(2)

5,016,850

7,224,886

4,970,350

1,903,371

(2)

(2)

1,832,509 1,901,836 1,821,904 1,828,239 1,888,913 1,813,056 4,270 12,923 8,848

196,071 261,775 798,684 196,071 261,775 798,684

4,789,080 4,796,333 4,129,829 4,787,399 4,794,899 4,128,442 1,681 1,434 1,387

40,287,616

24,287,265

2,786,766

41,697,608

22,524,330

3,573,207

40,536,115

20,808,341

3,441,752

40,195,317

24,133,935

2,774,446

41,626,738

22,351,865

3,556,807

40,457,241

20,680,478

3,426,496

92,299

153,330

12,320

70,870

172,465

16,400

78,874

127,863

15,256

219,856,817 215,290,391 213,167,810 189,277,194 185,140,258 184,188,067 30,579,623 30,150,133 28,979,743

3,108,764

2,235,914

588,720

72,893

2,917,687

2,075,419

569,490

66,425

2,760,060

1,978,227

527,017

56,593

2,900,556

2,053,061

571,433

64,825

2,719,000

1,900,182

552,781

59,684

2,571,723

1,809,336

512,911

51,253

208,208

182,853

17,287

8,068

198,687

175,237

16,709

6,741

188,337

168,891

14,106

5,340

211,237 206,353 198,223 211,237 206,353 198,223

2,302,255

759,720

1,542,535

2,189,262

737,630

1,451,632

2,191,130

854,561

1,336,569

2,033,428

759,720

1,273,708

1,940,119

737,630

1,202,489

1,921,579

854,561

1,067,018

268.827

268.827

249.143

249.143

269.551

269.551

18.1%

23.1

9.0

47.8

2.0

8.0

16.4%

25.3

9.5

46.8

2.0

8.1

18.5%

26.5

9.3

43.8

1.9

7.7

2 0 .2 %

24.0

8.3

45.5

2.0

7.9

18.4%

26.4

8.8

44.4

2.0

8.1

2 0 .6%

27.7

8.5

41.3

1.9

7.7

2 .2 %

15.8

14.5

66.0

1.5

8.4

2 .0 %

17.1

15.1

64.4

1.4

8.4

2.5%

17.3

15.2

63.5

1.5

8.2

13.5 13.9 14.1 14.2 14.7 14.8 10.2 10.3 10.2

ASSETS AND LIABILITIES OF BANKS 137

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Federal Reserve Bank of St. Louis
Table 110. ASSETS AND LIABILITIES OF INSURED BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

D ec em b er 31, 1959, J u n e 10, 1959, a n d D ecem ber 31,1958— C o n t in u e d

(Amounts in thousands of dollars)

Liabilities and capital

All insured banks Insured commercial banks1 Insured mutual savings banks

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Dec. 31,

1959

June 10,

1959

Dec. 31,

1958

Total liabilities and capital accounts..........................

Business and personal deposits— total....................

Deposits of individuals, partnerships, and corporations— demand......................................................

Deposits of individuals, partnerships, and corporations— time.............................................................

Certified and officers' checks, and letters of credit

and travelers’ checks sold for cash..........................

Government deposits— total.........................................

United States Government— demand..........................

United States Government— time................................

States and subdivisions— demand................................

States and subdivisions— time.......................................

Interbank and postal savings deposits— total___

Banks in the United States— demand.........................

Banks in the United States— time...............................

Banks in foreign countries— demand .

275,165,376 263,714,994 267,662,458 243,422,660 232,486,749 237,473,161 31,742,716 31,228,245 30,189,297

210,806,402

115,694,170

91,229,464

3,882,768

202,108,738

109,193,859

89,524,488

3,390,391

205,485,653

114,667,295

86,801,630

4,016,728

182,247,441

115,672,124

62,697,268

3,878,049

174,084,839

109,172,790

61,525,875

3,386,174

178,227,000

114,645,261

59,569,545

4,012,194

28,558,961

22,046

28,532,196

4,719

28,023,899

21,069

27,998,613

4,217

27,258,653

22,034

27,232,085

4,534

19,893,473

5,051,388

275,889

11,434,085

3,132,111

17,255,309

2,775,816

311,885

10,450,942

3,716,666

19,059,274

4,267,537

324,948

10,902,276

3,564,513

19,877,259

5,048,477

275,544

11,432,447

3,120,791

17,240,140

2,774,238

311,868

10,449,297

3,704,737

19,043,675

4,264,772

324,930

10,900,588

3,553,385

16,214

2,911

345

1,638

11,320

15,169

1,578

17

1,645

11,929

15,599

2,765

18

1,688

11,128

16,888,877

13,832,298

101,823

1,675,163

1,259,695

19,898

15,383,145

11,828,261

145,393

1,517,513

1,871,059

20,919

17,900,414

14,036,424

162,588

1,629,074

2,050,727

21,601

16,886,805

13,831,980

100,069

1,675,163

1,259,695

19,898

15,380,872

11,827,906

143,475

1,517,513

1,871,059

20,919

17,897,976

14,036,082

160,492

1,629,074

2,050,727

21,601

2,072

318

1,754

2,273

355

1,918

2,438

342

2,096

Banks in foreign countries— time.................................

Postal savings....................................................................

Total deposits.............................................................

Demand.......................................................................

Time.............................................................................

Miscellaneous liabilities— total..........................

Bills payable, rediscounts, and other liabilities for

borrowed money............................................................

Acceptances outstanding.......................................

247,588,752

151,569,872

96,018,880

234,747,192

189,156,782

95,590,410

242,445,341

149,519,334

92,926,007

219,011,505

151,538,240

67,473,265

206,705,851

139,127,918

67,577,933

215,168,651

149,487,971

65,680,680

28,577,247

31,682

28,545,615

28,041,341

28,864

28,012,477

27,276,690

31,363

27,245,827

5,691,502

617,647

808,920

4,264,935

7,566,137

2,764,499

769,251

4,032,387

4,553,523

76,460

891,231

3,585,832

5,179,650

608,805

808,920

3,761,925

6,987,620

2,761,891

769,251

3,456,478

4,113,586

69,836

891,231

3,152,519

511,852

8,842

578,517

2,608

439,937

6,624

Other liabilities..................................................................

Total liabilities (excluding capital accounts).

503,010 575,909 433,313

253,280,254 242,313,329 246,998,864 224,191,155 213,693,471 219,282,237 29,089,099 28,619,858 27,716,627

138 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Capital accounts— total.................................................

Capital stock, notes, and debentures..........................

Surplus.................................................................................

Undivided profits..............................................................

Reserves..............................................................................

MEMORANDA

Pledged assets and securities loaned........................

Capital stock, notes, and debentures:

Par or face value— total..............................................

21,885,122

5,861,147

11,243,009

4,113,496

667,470

21,401,665

5,690,324

10,875,320

4,171,271

664,750

20,663,594

5,417,695

10,650,275

3,883,965

711,659

19,231,505

5,861,147

9,276,052

3,632,356

461,950

18,793,278

5,690,324

8,976,309

3,657,616

469,029

18,190,924

5,417,695

8,789,315

3,457,189

526,725

2,653,617

1^966,957

481,140

205,520

2,608,387

1^899, Oil

513,655

195,721

2,472,670

1^860,960

426,776

184,934

27,026,126 27,695,467 26,023,689 27,026,126 27,695,467 26,023,689 0 (3) (3)

5,861,447

5,818,413

26,214

16,820

5,690,624

5,645,978

26,911

17,735

5,417,995

5,371,090

27,689

19,216

5,861,447

5,818,413

26,214

16,820

5,690,624

5,645,978

26,911

17,735

5,417,995

5,371,090

27,689

19,216

Common stock..............................................................

Capital notes and debentures....................................

Preferred stock..............................................................

Retirable value of preferred stock................................ 19,167 21,120 24,085 19,167 21,120 24,085

Number of banks....................................................................... 13,382 13,348 13,365 13,114 13,097 13,124 268 251 241

1 Includes stock savings banks.

3 Not reported separately for mutual savings banks.

1 Previously included with “ Commercial and industrial loans” and “All other loans’*.

* Data as of December 31, 1959 not comparable with prior figures. See footnote 3.

Back figures, 1934-1958: See the Annual Report for 1958, pp. 188-191, and earlier reports.

CO

CDASSETS AND LIABILITIES OF BANKS

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS AND BY RATIOS OF SELECTED ITEMS TO ASSETS

T able 1 1 1 . DISTRIBUTION OF INSURED COMMERCIAL BANKS IN THE UNITED STATES

(S ta te s a n d Oth e r A r e a s) , D ecem ber 3 1 ,1 9 5 9

Number of banks with deposits of—

Ratios

All

banks Less

than

$1,000,000

$1,000,000

to

$2 ,000,000

$2 ,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Ratios of obligations of States and subdivisions to total assets of—

Zero........................................................................ 1,139

981

378 393 248 66 38 14 2

More than zero but less than 1 percent. . . . 164 345 317 70 49 16 8 11 1

1 to 5 percent...................................................... 3,533 368 865 1,163 503 346 141 55 73 19

5 to 10 percent.................................................... 3,895 201 559 1,307 868 574 179 82 101 24

10 to 15 percent.................................................. 2,161 86 226 790 563 326 92 48 24 6

15 to 20 percent.................................................. 916 47 115 329 218 142 41 17 7

20 percent or more.............................................

Ratios of U. S. Government obligations

to total assets of—

489 29 83 183 112 61 13 7 1

Less than 10 percent.......................................... 226 39 59 68 33 18 5 3 1

10 to 20 percent.................................................. 1,529 147 257 471 272 196 57 32 72 25

20 to 30 percent.................................................. 4,076 289 623 1,269 839 585 228 108 110 25

30 to 40 percent................................................ 4,022

2,224

809

338 759 1,387

793

271

810 506 141 56 25

40 to 50 percent..................................................

50 to 60 percent..................................................

287

124

554

260

343

89

175

46

47

17

15

2

10

60 percent or more.............................................

Ratios of loans to total assets of—

Less than 10 percent..........................................

228

67

49

21

74

11

78

18

14

9

10

5

1

2

1 1

1

10 to 20 percent.................................................. 566 88 144 221 70 31 9 2 1

20 to 30 percent.................................................. 1,989

3,810

201 472 725 373 162 41 11 4

30 to 40 percent.................................................. 361 750 1,351 706 439 114 53 35 1

40 to 50 percent.................................................. 4,266 356 732 1.317 823 599 220 96 100 23

50 to 60 percent.................................................. 1,976 184 380 567 351 258 92 51 69 24

60 percent or more............................................. 440 62 97 138 68 42 18 4 9 2

140 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Ratios of cash and due from banks to total

assets of—

Less than 10 percent...............................

10 to 15 percent........................................

15 to 20 percent........................................

20 to 25 percent........................................

25 to 30 percent........................................

30 to 35 percent........................................

35 percent or more...................................

Ratios of total capital accounts to total

assets other than cash and due from

banks and U. S. Government obligations of—

Less than 10 percent..........................................

10 to 15 percent..................................................

15 to 20 percent..................................................

20 to 25 percent..................................................

25 to 30 percent..................................................

30 to 35 percent..................................................

35 to 40 percent..................................................

40 percent or more.............................................

Ratios of total capital accounts to total

assets of—

Less than 4 percent.................................

4 to 6 percent............................................

6 to 8 percent............................................

8 to 10 percent..........................................

10 to 12 percent........................................

12 to 15 percent........................................

15 percent or more...................................

Number of banks.........................................

1,137 127 270

4,171 364 833

3,810 278 701

2,220 215 395

1,047 117 208

446 78 113

283 94 66

527 1 23

4,198 104 393

3,974 234 735

2,049 287 582

1,050 217 374

518 135 183

275 88 99

523 207 197

28 1

1,106 6 53

4,212 103 449

4,067 304 887

2,126 335 634

1,162 347 411

413 178 151

13,114 1,273 2,586

395

1,375

1,251

763

346

134

73

1,193

1,564

815

341

170

71

87

2

232

1,384

1,560

805

291

63

4,337

Back figures: See the Annual Report for 1958, pp. 192-193.

187 105 33 10 10

825 504 169 63 36 2

754 536 162 57 55 16

385 272 83 47 44 16

163 82 37 30 53 11

59 25 10 7 15 5

27 12 2 3 6

133 152 67 24 27 4

1,084 847 288 129 131 29

808 407 110 52 50 14

241 83 23 6 9 3

79 29 4 5 1

20 9 1

12 2 2 1

23 7 1 1

3 9 9 1 3

304 311 116 46 33 5

1,040 746 243 105 119 23

741 349 107 50 53 16

221 92 15 12 8 4

80 23 4 3 1 2

11 6 2 2

2,400 1,536 496 217 219 50

ASSETS AND LIABILITIES OF BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 112. 

Table 113. 

Table 114.

Table 115.

Table 116.

Table 117.

Table 118. 

Table 119. 

Table 120.

Earnings, Expenses, and Dividends of Insured Ba n k s

Earnings, expenses, and dividends of insured commercial banks in the 

United States (States and other areas), 1951-1959

Ratios of earnings, expenses, and dividends of insured commercial banks 

in the United States (States and other areas), 1951-1959

Earnings, expenses, and dividends of insured commercial banks in the 

United States (States and other areas), 1959 

By class of bank

Ratios of earnings, expenses, and dividends of insured commercial banks 

in the United States (States and other areas), 1959 

By class of bank

Earnings, expenses, and dividends of insured commercial banks operating 

throughout 1959 in the United States (States and other areas)

Banks grouped according to amount of deposits

Ratios of earnings, expenses, and dividends of insured commercial banks 

operating throughout 1959 in the United States (States and other areas) 

Banks grouped according to amount of deposits

Earnings, expenses, and dividends of insured commercial banks in the 

United States (States and other areas), by State, 1959

Income, expenses, and dividends of insured mutual savings banks, 1951-

1959

Ratios of income, expenses, and dividends of insured mutual savings banks, 

1951-1959

142 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Commercial banks

Reports of earnings, expenses, and dividends are submitted to

the Federal supervisory agencies on either a cash or an accrual

basis.

Earnings data are included for all insured banks operating at

the end of the respective years, unless indicated otherwise. In

addition, appropriate adjustments have been made for banks in

operation during part of the year but not at the end of the year.

Data for 3 insured branches in Guam of an insured bank in California, for 13 insured branches in Puerto Rico and for 4 insured

branches in the Virgin Islands of insured banks in New York are

not available.

The uniform report of earnings and dividends for commercial

banks was revised in 1948 to show separately for the first time

charge-offs and transfers to valuation reserves as well as recoveries and transfers from valuation reserves. Also, the actual

recoveries and losses that are credited and charged to valuation

reserves were reported as memoranda items.

Averages of assets and liabilities shown in Tables 112-115 and

118 are based upon figures at the beginning, middle, and end of

each year, as reported by banks operating on those dates, adjusted to exclude asset and liability figures for insured branches

in Guam of an insured bank in California as well as insured

branches in Puerto Rico and the Virgin Islands of insured banks

in New York. Consequently, the asset and liability averages are

not strictly comparable with the earnings data, but the differences are not large enough to affect the totals significantly. Some

further incomparability is also introduced into the data by class

of bank by shifts between those classes during the year.

Assets and liabilities shown in Table 116, and utilized for computation of ratios shown in Table 117, are for the identical banks

to which the earnings data pertain. The assets and liabilities

are as of December 31, 1959.

Mutual savings banks

A uniform report of income, expenses, and dividends for mutual

savings banks was adopted by the Corporation for the calendar

year 1951. Summaries of these reports for 1951-1959 are given

in Tables 119 and 120. Data prior to 1951 are omitted because

of lack of comparability.

The new form attempts to present operations on a basis accurately reflecting actual income and profit and loss, and provides

more detailed information regarding losses and valuation adjustments. For a discussion of the history and principles of this uniform report see pp. 50-52 in Part Two of the 1951 Annual Report.

Sources of data

National banks and State banks not members of the Federal

Reserve System in the District of Columbia: Office of the Comptroller of the Currency.

State banks members of the Federal Reserve System: Board of

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 143

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Federal Reserve Bank of St. Louis
(Amounts in thousands of dollars)

Table 1 1 2 . EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n ite d S ta te s (S t a te s and O th e r A r e a s ) , 1951-1959

Earnings or expense item 1951 1952 1953 1954 1955 1956 1957 1958 1959

Current operating earnings—total........................ 4,395,411 4,931,688 5,483,954 5,773,787 6,377,705 7,231,921 8,050,416 8,500,949 9,669,352

Interest on U. S. Government obligations............... 983,662 1,099,059 1,206,965 1,272,731 1,333,690 1,342,842 1,442,379 1,544,023 1,732,174

Interest and dividends on other securities............... 249,495 276,993 297,739 324,823 351,041 370,045 412,497 501,978 546,253

Interest and discount on loans................................... 2,390,106 2,742,100 3,107,885 3,205,894 3,625,528 4,339,866 4,879,676 5,046,782 5,856,688

Service charges and fees on bank's loans................. 34,595 42,295 47,850 57,550 71,048 73,562 83,815 94,674 111,991

Service charges on deposit accounts.......................... 230,507 244,696 271,444 311,806 339,975 385,927 440,892 486,507 531,916

Other service charges, commissions, fees, and

collection and exchange charges............................. 116,140 121,868 132,978 144,140 155,004 168,497 186,815 191,408 205,935

Trust department............................................................ 192,313 204,967 217,996 246,223 281,841 322,117 354,520 379,395 426,016

Other current operating earnings............................... 198,593 199,713 201,101 210,621 219,579 229,068 249,828 256,183 258,381

Current operating expenses—total........................ 2,701,313 3,028,575 3,375,552 3,638,087 3,960,173 4,457,198 5,119,182 5.612,723 6,264,207

Salaries— officers.............................................................. 486,300 530,035 582,405 622,862 666,152 720,866 773,769 827,142 892,657

Salaries and wages— employees................................... 864,519 965,197 1,069,890 1,139,013 1,229,756 1,372,262 1,493,778 1,573,330 1,684,159

Fees paid to directors and members of executive,

discount, and other committees.............................. 27,343 30,871 34,591 37,197 39,563 42,614 45,396 48,271 51,866

Interest on time and savings deposits...................... 385,344 458,059 534,493 618,341 678,237 805,857 1,141,715 1,380,575 1,580,250

Interest and discount on borrowed money............. 9,667 20,921 24,171 8,556 23,093 45,392 49,538 24,161 78,350

Taxes other than on net income................................. 135,590 139,290 148,783 166,452 176,840 187,526 205,903 221,571 252,763

Recurring depreciation on banking house, furniture

and fixtures................................................................... 65,845 74,953 84,085 94,720 108,306 128,085 146,262 168,371 191,424

Other current operating expenses............................... 726,707 809,252 897,137 950,945 1,038,228 1,154,600 1,262,823 1,369,305 1,532,739

Net current operating earnings............................. 1,694,100 1,903,112 2,108,398 2,135,700 2,417,533 2,774,724 2,931,235 2,888,223 3,405,145

Recoveries, transfers from reserve accounts,

and profits—total............................................... 169,233 144,146 152,373 631,496 239,598 250,171 198,413 868,115 328,889

On securities:

Recoveries..................................................................... 15,292 11,191 11,454 14,912 20,586 14,090 9,295 9,646 27,946

Transfers from reserve accounts............................. 12,285 20,492 27,545 60,555 39,930 41,001 20,751 57,145 111,447

Profits on securities sold or redeemed................... 56,563 33,806 38,865 416,520 57,085 31,151 64,368 681,554 47,277

On loans:

Recoveries..................................................................... 22,595 22,004 28,423 34,014 27,379 20,762 21,183 22,439 20,551

Transfers from reserve accounts............................. 28,453 27,330 18,292 57,965 50,899 77,606 39,757 42,158 57,607

All other............................................................................ 34,046 29,324 27,794 47,530 43,722 65,563 43,063 55,176 64,062

Losses, charge-offs, and transfers to reserve

accounts—total................................................... 395,687 362,444 448,323 552,606 707,155 993,534 757,432 783,213 1,361,515

On securities:

Losses and charge-offs............................................... 83,756 97,512 155,969 66,670 221,232 317,381 237,480 93,657 745,081

Transfers to reserve accounts.................................. 31,680 29,531 54,160 126,173 67,276 101,830 84,996 268,159 168,003

On loans:

Losses and charge-offs............................................... 21,215 23,637 31,774 29,269 28,159 32,018 25,636 25,053 25,459

Transfers to reserve accounts.................................. 204,202 154,510 132,127 222,998 303,600 452,940 321,870 282,227 318,965

All other............................................................................ 54,836 57,253 74,291 107,497 86,886 89,369 87,452 114,117 104,006

144 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Net profits before income taxes................................

Taxes on net income— tota l........................................

Federal...............................................................................

State...................................................................................

Net profits after income taxes...................... ............

Dividends and interest on capital— total.............

Dividends declared on perferred stock and interest

on capital notes and debentures.............................

Cash dividends declared on common stock.............

Net additions to capital from profits.....................

1,467,645 1,684,813 1,812,451 2,214,591 1,949,976 2,031,360 2,372,217 2,973,128 2,372,519

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

1,271,459

1,198,890

72,570

884,458

832,797

51,661

908,175 989,931 1,025,963 1,307,032 1,156,240 1,216,725 1,373,821 1,701,667 1,488,061

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

725,866

2,366

723,500

776,386

2,219

774,167

489,315 547,961 552,097 790,055 590,118 599,835 695,720 975,802 711,675

Memoranda

Recoveries credited to reserve accounts (not included

in recoveries above):

On securities.....................................................................

On loans............................................................................

Losses charged to reserve accounts (not included in

losses above):

On securities.....................................................................

On loans.............................................................................

2,363

28,477

17,725

64,735

4,355

31,508

25,598

64,607

2,232

33,612

38,480

89,186

3,154

40,384

15,841

89,495

3,146

39,794

68,140

88,417

3,332

42,717

95,505

123,529

2,646

50,824

74,529

117,937

10,410

69,073

19,741

127,515

5,585

73,790

207,061

122,315

Average assets and liabilities1

Assets— total....................................................................

Cash and due from banks.............................................

United States Government obligations.....................

Other securities................................................................

Loans and discounts.......................................................

All other assets................................................................

Liabilities and capital— total.....................................

Total deposits..................................................................

Demand deposits..........................................................

Time and savings deposits.........................................

Borrowings and other liabilities..................................

Total capital accounts...................................................

169,207,394

40,373,273

59,711,922

12,554,632

54,533,221

2,034,346

179,803,463

42,952,808

61,065,059

13,562,462

59,999,743

2,223,391

185,685,283

43,192,523

60,868,295

14,082,070

65,213,144

2,329,251

193,339,614

42,976,798

64,372,065

15,209,165

68,148,039

2,633,547

202,331,676

43,510,745

63,808,049

16,294,075

75,800,688

2,918,119

209,712,780

45,728,691

58,257,149

16,179,498

86,291,628

3,255,814

214,790,440

45,474,318

57,238,574

16,725,206

91,493,989

3,858,353

228,359,687

46,766,041

62,355,819

19,237,561

95,666,835

4,333,431

237,577,389

46,881,654

61,878,548

20,284,525

103,872,351

4,660,311

169,207,394

155,460,465

118,189,171

37,271,291*

2,131,162

11,615,767

179,803,463

165,031,495

125,213,81*2

39,817,653

2,501,055

12,270,913

185,685,283

170,075,888

127,028,332

1*3,01*7,556

2,667,917

12,941,478

193,339,614

176,865,497

130,023,191

1*6,81*2,306

2,712,778

13,761,339

202,331,676

184,734,232

135,1*22,891

1*9,311,31*1

2,965,764

14,631,680

209,712,780

190,786,522

139,690,1*32

51,096,090

3,372,960

15,553,298

214,790,440

193,993,484

139,023,597

51*,969,887

4,242,293

16,554,663

228,359,687

206,196,015

11*3,813,1*75

62,382,51*0

4,440,097

17,723,575

237,577,389

213,428,979

11*6,599,71*5

66,829,231*

5,410,250

18,738,160

Number of active officers, December 31.......................

Number of other employees, December 31..................

73,806

334,961

76,754

358,325

79,574

376,750

82,167

386,625

84,931

408,791

88,462

433,563

91,597

452,218

95,308

457,023

98,934

481,666

Number of banks, December 31..................................... 13,455 13,439 13,432 13,323 13,237 13,218 13,165 13,124 13,114

Note: Due to rounding differences, data may not add to total.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1931*-1950: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159.

EARNINGS, EXPENSES, AND DIVIDENDS OP INSURED BANKS 145

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Federal Reserve Bank of St. Louis
Table 1 1 3 . RATIOS OF EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n it e d States (S tates a n d Oth e r A r e a s) , 1951-1959

Earnings or expense item 1951 1952 1953 1954 1955 1956 1957 1958 1959

Amounts per $100 of current operating

earnings

Current operating earnings— total.......................... $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

Interest on U. S. Government obligations............... 22.38 22.29 22.01 22.04 20.91 18.57 17.92 18.16 17.91

Interest and dividends on other securities............... 5.68 5.62 5.43 5.63 5.51 5.12 5.12 5.91 5.65

Income on loans.............................................................. 55.17 56.46 57.55 56.52 57.96 61.03 61.65 60.48 61.73

Service charges on deposit accounts.......................... 5.24 4.96 4.95 5.40 5.33 5.33 5.48 5.72 5.50

Other service charges, commissions, fees, and

collection and exchange charges............................. 2.64 2.47 2.42 2.50 2.33 2.32 9 9.R 2.13

Other current operating earnings............................... 8.89 8.20 7.64 7.91 7.86 7.62 7l51 7.48 7.08

Current operating expenses— total.......................... 61.46 61.41 61.55 63.01 62.09 61.63 63.59 6 6 .02 64.78

Salaries, wages, and fees............................................... 31.35 30.95 30.76 31.16 30.35 29.53 28.73 28.80 27.19

Interest on time and savings deposits....................... 8.77 9.29 9.75 10.71 10.63 11.14 14.18 16.24 16.34

Taxes other than on net income................................ 3.09 2.82 2.71 2.88 2.77 2.60 2.56 2.61 2.61

Recurring depreciation on banking house, furniture

and fixtures................................................................... 1.50 1.52 1.53 1.64 1.70 1.77 1.82 1.98 1.98

Other current operating expenses............................... 16.75 16.83 16.80 16.62 16.64 16.59 16.30 16.39 16.66

Net current operating earnings................................ 38.54 38.59 38.45 36.99 37.91 38.37 36.41 33.98 35.22

Am ounts per $100 of total assets1

Current operating earnings— total................................. 2.60 2.74 2.96 2.98 3.15 3.45 3.74 3.72 4.07

Current operating expenses— total................................. 1.60 1.68 1.82 1.88 1.96 2.13 2.38 2.46 2.64

Net current operating earnings....................................... 1.00 1.06 1.14 1.10 1.19 1.32 1.36 1.26 1.43

Recoveries, transfers from reserve accounts, and

profits— total.................................................................... .10 .08 .08 .33 .12 .12 .09 .38 .14

Losses, charge-offs, and transfers to reserve accounts— total.................................................................... .23 .20 .24 .28 .35 .47 .35 .34 .57

Net profits before income taxes....................................... .87 .94 .98 1.15 .96 .97 1.10 1.30 1.00

Net profits after income taxes......................................... .54 .55 .55 .68 .57 .58 .64 .75 .63

Amounts per $100 of total capital accounts1

Net current operating earnings....................................... 14.58 15.51 16.29 15.52 16.52 17.84 17.71 16.30 18.17

Recoveries, transfers from reserve accounts, and

profits— total.................................................................... 1.46 1.17 1.18 4.59 1.64 1.61 1.20 4.89 1.76

Losses, charge-offs, and transfers to reserve ac3.41 2.95 3.46 4.02 4.83 6.39 4.58 4.42 7.27

Net profits before income taxes....................................... 12.63 13.73 14.01 16.09 13.33 13.06 14.33 16.77 12.66

Taxes on net income.......................................................... 4.81 5.66 6.08 6.59 5.43 5.24 6.03 7.17 4.72

Net profits after income taxes......................................... 7.82 8.07 7.93 9.50 7.90 7.82 8.30 9.60 7.94

Cash dividends declared.................................................... 3.61 3.60 3.66 3.76 3.87 3.96 4.10 4.09 4.14

Net additions to capital from profits............................. 4.21 4.47 4.27 5.74 4.03 3.86 4.20 5.51 3.80

146 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Special ratios1

Income on loans per $100 of loans.................................

Income on U. S. Government obligations per $100

of U. S. Government obligations................................

Income on other securities per $100 of other securities.

Service charges per $100 of demand deposits.............

Interest paid per $100 of time and savings deposits..

4.45

1.65

1.99

.20

1.03

4.64

1.80

2.04

.20

1.15

4.84

1.98

2.11

.21

1.24

4.79

1.98

2.14

.24

1.32

4.88

2.09

2.15

.25

1.38

5.11

2.31

2.29

.28

1.58

5.42

2.52

2.47

.32

2.08

5.37

2.48

2.61

.34

2.21

5.75

2.80

2.69

.36

2.36

Assets and liabilities per $100 of total

assets1

Assets— total...................................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Cash and due from banks............................................. 23.86 23.89 23.26 22.23 21.51 21.81 21.17 20.48 19.73

United States Government obligations..................... 35.29 33.96 32.78 33.29 31.54 27.78 26.65 27.31 26.05

Other securities................................................................ 7.42 7.54 7.58 7.87 8.05 7.71 7.79 8.42 8.54

Loans and discounts....................................................... 32.23 33.37 35.12 35.25 37.46 41.15 42.60 41.89 43.72

All other assets................................................................ 1.20 1.24 1.26 1.36 1.44 1.55 1.79 1.90 1.96

Liabilities and capital— total..................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Total deposits.................................................................. 91.88 91.78 91.59 91.48 91.30 90.97 90.32 90.30 89.83

Demand deposits.......................................................... 69.85 69.64. 68.41 67.25 66.93 66.61 64,73 62.98 61.70

Time and savings deposits......................................... 22.03 22.1 A 23.18 2U.23 24..S7 24-.S6 25.59 27.32 28.13

Borrowings and other liabilities.................................. 1.26 1.39 1.44 1.40 1.47 1.61 1.97 1.94 2.28

Total capital accounts................................................... 6.86 6.83 6.97 7.12 7.23 7.42 7.71 7.76 7.89

Number of banks, December 31..................................... 13,455 13,439 13,432 13,323 13,237 13,218 13,165 13,124 13,114

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1934.-1950: See the following Annual Reports: 1950, pp. 252-253, and 1941, pp. 160-161.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 147

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Federal Reserve Bank of St. Louis
BY CLASS OF BANK

(Amounts in thousands of dollars)

Table 1 1 4 . EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n ite d S ta te s (S t a te s an d O th e r A r e a s ), 1959

Earnings or expense item Total

Members F. R. System Not

members Operating

throughout

the year

Operating

less than

full year1 National State

F. R.

System

Current operating earnings— total................................................................................ 9,669,352 5,183,069 2,890,603 1,595,680 9,591,651 77,701

Interest on U. S. Government obligations..................................................................... 1,732,174 923,611 474,918 333,645 1,720,773 11,401

Interest and dividends on other securities..................................................................... 546,253 291,174 153,390 101,689 542,534 3,719

Interest and discount on loans.......................................................................................... 5,856,688 3,187,398 1,737,742 931,548 5,830,432 26,256

Service charges and fees on bank’s loans........................................................................ 111,991 61,580 33,806 16,605 111,375 616

Service charges on deposit accounts................................................................................. 531,916 294,758 126,931 110,227 528,390 3,526

Other service charges, commissions, fees, and collection and exchange charges. . 205,935 90,949 58,436 56,550 205,118 817

Trust department.................................................................................................................. 426,016 182,016 226,426 17,574 396,180 29,836

Other current operating earnings...................................................................................... 258,381 151,583 78,954 27,844 256,848 1,533

Current operating expenses— total................................................................................ 6,264,207 3,338,249 1,800,332 1,125,626 6,210,790 53,417

892,657 449,125 230,843 212,689 884,413 8,244

Salaries and wages— employees......................................................................................... 1,684,159 898,917 539,257 245,985 1,666,810 17,349

Fees paid to directors and members of executive, discount, and other committees 51,866 23,790 10,788 17,288 51,540 326

Interest on time and savings deposits............................................................................. 1,580,250 866,701 412,364 301,185 1,573,850 6,400

Interest and discount on borrowed money.................................................................... 78,350 42,437

143,417

33,461 2,452 78,196 154

Taxes other than on net income....................................................................................... 252,763 67,562 41,784 251,130 1,633

Recurring depreciation on banking house, furniture and fixtures........................... 191,424 104,701 48,699 38,024 190,150 1,274

Other current operating expenses..................................................................................... 1,532,739 809,161 457,358 266,220 1,514,702 18,037

Net current operating earnings...................................................................................... 3,405,145 1,844,820 1,090,271 470,054 3,380,861 24,284

Recoveries, transfers from reserve accounts, and profits— total.....................

On securities:

328,889 170,507 125,670 32,712 325,759 3,13d

Recoveries........................................................................................................................... 27,946 15,741 9,707 2,498 27,225 721

Transfers from reserve accounts................................................................................... 111,447 69,682 36,553 5,212 110,363 1,084

Profits on securities sold or redeemed.........................................................................

On loans:

47,277 24,799 16,893 5,585 47,078 199

Recoveries........................................................................................................................... 20,551 9,367 4,524 6,660 20,140 411

Transfers from reserve accounts................................................................................... 57,607 23,650 29,523 4,434 57,591 16

All other.................................................................................................................................. 64,062 27,268 28,470 8,324 63,363 699

Losses, charge-offs, and transfers to reserve accounts— total..........................

On securities:

1,361,515 708,519 491,381 161,615 1,350,415 11,100

Losses and charge-offs..................................................................................................... 745,081 361,631 304,860 78,590 737,660 7,421

Transfers to reserve accounts.......................................................................................

On loans:

168,003 96,654 61,343 10,006 166,626 1,377

Losses and charge-offs..................................................................................................... 25,459 11,090 4,291 10,078 24,637 822

Transfers to reserve accounts........................................................................................ 318,965 184,273 88,795 45,897 318,494

102,997

471

All other.................................................................................................................................. 104,006 54,871 32,092 17,043 1,009

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Net profits before income taxes.................................................................................

Taxes on net income— total........................................................................................

Federal...............................................................................................................................

State...................................................................................................................................

Net profits after income taxes....................................................................................

Dividends and interest on capital— total..............................................................

Dividends declared on preferred stock and interest on capital notes and

debentures....................................................................................................................

Cash dividends declared on common stock..............................................................

Net additions to capital from profits......................................................................

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

On securities.....................................................................................................................

On loans............................................................................................................................

Losses charged to reserve accounts (not included in losses above):

On securities.....................................................................................................................

On loans............................................................................................................................

Average assets and liabilities2

Assets— total......................................................................................................................

Cash and due from banks.............................................................................................

United States Government obligations......................................................................

Other securities................................................................................................................

Loans and discounts.......................................................................................................

All other assets................................................................................................................

Liabilities and capital— total......................................................................................

Total deposits..................................................................................................................

Demand deposits..........................................................................................................

Time and savings deposits..........................................................................................

Borrowings and other liabilities..................................................................................

Total capital accounts...................................................................................................

Number of active officers, December 31.......................................................................

Number of other employees, December 31...................................................................

Number of banks, December 31......................................................................................

2,372,519

884,458

832,797

51,661

1,488,061

776,386

2,219

774,167

711,675

1,306,808

506,497

482,489

24,008

800,311

422,868

165

422,703

377,443

724,560

268,119

245,923

22,196

456,441

266,832

1,296

265,536

189,609

341,151

109,842

104,385

5,457

231,309

86,686

758

85,928

144,623

2,356,205

877,439

826,443

50,996

1,478,766

769,817

2,202

767,615

708,949

16,314

7,019

6,354

665

9,295

6,569

17

6,552

2,726

29

998

94

5,585

73,790

207,061

122,315

2,603

45,373

121,895

69,417

245

20,677

73,149

32,572

2,737

7,740

12,017

20,326

5,585

73,761

206,063

122,221

237,577,389

46,881,654

61,878,548

20,284,525

103,872,351

4,660,311

129,095,835

26,026,680

33,542,418

10,947,384

56,134,858

2,444,495

72,543,189

15.488.223

16.892.223

5,524,603

32,941,956

1,696,184

35,938,365

5,366,751

11,443,907

3,812,538

14,795,537

519,632

237,577,389

213,428,979

146,599,745

66,829,234

5,410,250

18,738,160

129,095,835

116,337,020

79,871,778

36,465,242

2,763,550

9,995,265

72,543,189

64,413,773

46,814,896

17,598,877

2,246,461

5,882,955

35,938,365

32,678,186

19,913,071

12,765,115

400,239

2,859,940

98,934

481,666

47,825

258,746

20,860

140,516

30,249

82,404

13,114 4,542 1,687 6,885

98,353

478,359

12,998

581

3,307

116

Note: Due to rounding differences, earnings data of State banks not members F. R. System may not add to total.

1 Includes banks operating less than full year and a few banks which engage primarily in fiduciary business.

2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Bach figures, 1934-1958: See Table 112, pp. 144-145, the Annual Report for 1958, pp. 200-201, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OP INSURED BANKS 149

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Federal Reserve Bank of St. Louis
BY CLASS OF BANK

Table 1 15 . RATIOS OF EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n ite d S ta te s (S t a te s an d O th e r A r e a s ) , 1959

Earnings or expense item

Members F. R. System Not

members

Total

National State

F. R.

System

Amounts per $100 of current operating earnings

$100.00 $100.00 $100.00 $100.00

Interest on U. S Government- nhligatimis.................... .......................... ........ ............................................ 17.91 17.82 16.43 20.91

Interest and dividends on other securities................................................................................................................. 5.65 5.62 5.31 6.37

Income on loans............................................................................................................................................................... 61.73 62.68 61.29 59.42

Service charges on deposit accounts............................................................................................................................ 5.50 5.69 4.39 6.91

Other service charges commissions, fees, and collection and exchange charges.............................................. 2.13 1.75 2.02 3.54

Other current operating earnings . . . ......................................................................................................... 7.08 6.44 10.56 2.85

Current operating expenses— total. . . . ................................................................................................... 64.78 64.41 62.28 70.54

Salaries wages and fees . . . . . . ................................................................................................... 27.19 26.47 27.01 29.83

Interest on time and savings deposits........................................................................................................................ 16.34 16.72 14.27 18.87

Taxes other than on net income........................... ...................................................................................................... 2.61 2.77 2.34 2.62

Recurring depreciation on banking house, furniture and fixtures........................................................................ 1.98 2.02 1.68 2.38

Other current operating expenses................................................................................................................................ 16.66 16.43 16.98 16.84

Net current operating earnings.................................................................................................................................. 35.22 35.59 37.72 29.46

Amounts per $100 of total assets1

Current operating earnings— total................................................................................................................................... 4.07 4.01 3.98 4.44

Current operating expenses— total.................................................................................................................................. 2.64 2.58 2.48 3.13

Net current operating earnings......................................................................................................................................... 1.43 1.43 1.50 1.31

Recoveries transfers from reserve accounts, and profits— total............................................................................... .14 .13 .17 .09

Losses charge-offs and transfers to reserve accounts— total.................................................................................... .57 .55 .67 .45

Net profits before income taxes......................................................................................................................... .............. 1.00 1.01 1.00 .95

.63 .62 .63 .64

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

(*) (2) (2) .01

.03 .04 .03 -02

Losses charges to reserve accounts (not included in losses above):

.09 .09 .10 .03

.05 .05 .04 .06

150 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Am ounts per $100 of total capital accounts1

18.17 18.46 18.53 16.44

1.76 1.70 2.14 1.14

7.27 7.09 8.35 5.65

12.66 13.07 12.32 11.93

Taxes on net income.............................................................................................................................................. .............. 4.72 5.06 4.56 3.84

7.94 8.01 7.76 8.09

Cash dividends declared...................................................................................................................................................... 4.14 4.23 4.54 3.03

3.80 3.78 3.22 5.06

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

On securities........................................................................................................................................................................ .03 .03 0

.35

.10

On loans................................................................................................................................................................................ .39 .45 .27

Losses charged to reserve accounts (not included in losses above):

On securities........................................................................................................................................................................ 1.11 1.22 1.24 .42

On loans................................................................................ .............................................................................................. .65 .69 .55 .71

Special ratios1

Income on loans per $100 of loans.................................................................................................................................... 5.75 5.79 5.38 6.41

Income on U. S. Government obligations per $100 of XJ. S. Government obligations........................................ 2.80 2.75 2.81 2.92

Income on other securities per $100 of other securities.............................................................................................. 2.69 2.66 2.78 2.67

Service charges per $100 of demand deposits................................................................................................................ .36 .37 .27 .55

Interest paid per $100 of time and savings deposits................................................................................................... 2.36 2.38 2.34 2.36

Assets and liabilities per $100 of total assets1

Assets— total......................................................................................................................................................................... 100.00 100.00 100.00 100.00

Cash and due from banks . . . . ...................................................................................................................... 19.73 20.16 21.35 14.93

United States Government obligations....................................................................................................................... 26.05 25.98 23.29 31.84

Other securities. . . . . . . .................................................................................................................. 8.54 8.48 7.61 10.61

Loans and discounts. . . . .................................................................................................................. 43.72 43.48 45.41 41.17

All other assets . . . . . . .................................................................................................................. 1.96 1.90 2.34 1.45

Liabilities and capital— total....................................................................................................................................... 100.00 100.00 100.00 100.00

Total deposits..................................................................................................................................................................... 89.83 90.12 88.79 90.93

Demand deposits . . ................................................................................................................................................ 61.70 61.87 64.53

24..26

55.41

Time deposits .............................................................................................................................................................. 28.13 28.25 35.52

Borrowings and other liabilities..................................................................................................................................... 2.28 2.14 3.10 1.11

Total capital accounts...................................................................................................................................................... 7.89 7.74 8.11 7.96

Number of banks, December 31........................................................................................................................................ 13,114 4,542 1,687 6,885

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

2 Less than .005.

Back figures, 1934-1958: See Table 113, pp. 146-147, the Annual Report for 1958, pp. 202-203, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 151

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Table 1 1 6 . EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS OPERATING THROUGHOUT 1959

i n t h e U n it e d S t a t e s ( S t a t e s a n d O t h e r A r e a s )

Banks with deposits of— 2

Earnings or expense item All

banks1 Less

than

$1,000,000

$1,000,000

to

$2 ,000,000

$2 ,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Current operating earnings— total............. 9,591,651 42,255 173,439 619,774

(Amounts

741,475

in thousands

1,037,808

i of dollars)

770,556 679,478 2,035,134 3,491,732

Interest on U. S. Government obligations. . 1,720,773 10,195 42,671 146,621 162,627 215,804 156,378 131,023 344,404 511,051

Interest and dividends on other securities. . 542,534 1,830 9,195 40,898 51,663 67,957 46,113 41,427 104,179 179,273

Interest and discount on loans.......................... 5,830,432 25,319 101,558 363,016 433,685 603,243 447,100 401,305 1,240,642 2,214,564

Service charges and fees on bank’s loans. . . 111,375 178 830 2,969 5,256 9,605 8,446 7,116 23,383 53,593

Service charges on deposit accounts............... 528,390 1,960 8,250 35,072 53,551 83,331 56,191 41,854 104,861 143,320

Other service charges, commissions, fees,

and collection and exchange charges.......... 205,118 2,244 8,453 20,866 19,015 22,809 16,024 11,878 36,867 66,963

Trust department.................................................... 396,180 7 241 874 3,677 14,715 17,528 25,537 115,918 217,684

Other current operating earnings..................... 256,848 522 2,241 9,458 12,001 20,345 22,778 19,338 64,881 105,285

Current operating expenses— total............. 6,210,790 29,423 119,170 427,832 518,394 730,369 539,634 461,443 1,328,833 2,055,692

Salaries— officers...................................................... 884,413 11,361 37,983 105,055 98,186 115,174 75,386 61,928 162,552 216,789

Salaries and wages— employees......................... 1,666,810 3,415 16,718 74,853 109,204 174,323 136,444 122,484 392,259 637,110

Fees paid to directors and members of executive, discount, and other committees........ 51,540 887 3,297 10,853 9,651 9,256 4,636 3,064 6,079 3,819

Interest on time and savings deposits............ 1,573,850 5,294 27,585 112,236 143,068 197,608 144,302 115,847 292,004 535,907

Interest and discount on borrowed m oney.. 78,196 67 270 962 1,114 1,938 2,531 3,842 20,051 47,421

Taxes other than on net income....................... 251,130 1,270 4,953 17,452 20,562 28,037 21,286 19,661 59,256 78,653

Recurring depreciation on banking house,

furniture and fixtures........................................ 190,150 647 3,299 15,086 19,805 28,658 20,612 16,338 39,213 46,492

Other current operating expenses..................... 1,514,702 6,486 25,066 91,335 116,805 175,374 134,437 118,279 357,420 489,501

Net current operating earnings.................... 3,380,861 12,832 54,268 191,942 223,081 307,439 230,923 218,035 706,301 1,436,040

Recoveries, transfers from reserve accounts, and profits— total....................... 325,759 1,052 3,663 12,384 12,807 21,174 17,772 17,870 71,950 167,088

On securities:

Recoveries.............................................................. 27,225 19 76 873 1,024 1,980 1,302 1,735 12,012 8,204

Transfers from reserve accounts.................. 110,363 5 55 740 1,470 4,686 5,760 5,830 28,252 63,565

Prorits on securities sold or redeemed. . . . 47,078 82 383 1,833 2,400 3,697 2,428 2,181 10,155 23,918

On loans:

Recoveries.............................................................. 20,140 761 2,278 4,954 2,972 2,833 892 831 2,650 1,967

Transfers from reserve accounts.................. 57,591 42 147 1,007 1,609 3,042 2,711 3,578 8,006 37,451

All other................................. ............................... 63,363 143 724 2,977 3,332 4,936 4,679 3,714 10,873 31,984

Losses, charge-offs, and transfers to reserve accounts— total................................ 1,350,415 2,463 12,008 52,353 72,319 110,317 93,429 89,309 313,930 604,287

On securities:

Losses and charge-offs...................................... 737,660 419 2,907 21,543 34,956 55,185 55,334 47,278 174,124 345,914

Transfers to reserve accounts........................ 166,626 124 492 1,647 2,448 6,231 3,419 9,303 47,432 95,530

On loans:

Losses and charge-offs...................................... 24,637 1,095 3,446 7,375 4,185 4,042 1,157 385 2,204 745

Transfers to reserve accounts........................ 318,494 457 3,200 14,899 22,271 33,244 25,767 25,777 63,166 129,715

AH other....................................................................... 102,997 367 1,964 6,890 8,459 11,614 7,752 6,566 27,004 32,383

152 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Net profits before income taxes..................

Taxes on net income—total.........................

Federal...................................................................

State.......................................................................

Net profits after income taxes.....................

Dividends and interest on capital—total..

Dividends declared on preferred stock and

interest on capital notes and debentures. .

Cash dividends declared on common stock. .

Net additions to capital from profits........

2,356,205 11,423 45,923 151,973 163,568 218,297 155,266 146,595 464,321 998,841

877,439

826,443

50,996

2,910

2,792

119

12,217

11,640

577

43,426

41,517

1,910

55,201

53,041

2,160

83,076

79,710

3,367

59,960

57,794

2,167

54,556

52,602

1,954

174,598

166,523

8,075

391,495

360,826

30,669

1,478,766 8,513 33,706 108,547 108,368 135,220 95,306 92,039 289,721 607,346

769,817

2,202

767,615

2,892

1

2,891

11,052

7

11,045

38,999

46

38,952

42,785

85

42,700

57,095

217

56,878

42,805

233

42,571

44,591

404

44,187

161,867

1,208

160,659

367.732

367.732

708,949 5,621 22,654 69,549 65,583 78,125 52,501 47,448 127,855 239,614

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities.........................................................

On loans................................................................

Losses charged to reserve accounts (not included in losses above):

On securities.........................................................

On loans................................................................

5,585

73,761

206,063

122,221

1

148

40

286

41

921

102

1,670

56

4,474

773

8,328

95

6,111

2,342

12,979

373

7,858

6,970

16,608

428

4,929

6,026

10,874

1,231

5,157

13,248

11,089

3,233

8,349

61,368

24,952

129

35,814

115,195

35,436

Assets and liabilities2

Assets—total.....................................................

Cash and due from banks................................

United States Government obligations.........

Other securities....................................................

Loans and discounts...........................................

All other assets....................................................

Liabilities and capital— total.........................

Total deoosits......................................................

Demand deposits..............................................

Time and savings deposits.............................

Borrowings and other liabilities......................

Total capital accounts.......................................

242,579,820

49,034,991

58,189,900

20,139,351

110,350,194

4,865,384

1,014,890

190,994

353,501

68,172

395,428

6,795

4,197,628

734,415

1,462,184

341,393

1,624,292

35,344

15,489,491

2,700,650

5,065,385

1,584,905

5,961,706

176,845

18,293,400

3,107,421

5,664,869

2,044,361

7,223,538

253,211

25,256,226

4,260,476

7,591,750

2,645,322

10,352,064

406,614

18,783,736

3,217,617

5,518,552

1,784,247

7,916,755

346,565

16,955,502

3,172,633

4,573,811

1,629,273

7,275,534

304,251

51,535,114

11,273,140

11,804,161

3,794,924

23,689,250

973,639

91,053,833

20,377,645

16,155,687

6,246,754

45,911,627

2,362,120

242,579,820

218,315,109

151,049,281

67,265,828

5,138,761

19,125,950

1,014,890

894,057

655,653

23 a s s ''

116*448

4,197,628

3,752,442

2,496,756

1,255,686

19,695

425,491

15,489,491

14,041,128

8,901,096

5,140,032

87,932

1,360,431

18,293,400

16,684,556

10,131,042

6,553,514

157,480

1,451,364

25,256,226

23,079,921

14,085,138

8,994,783

315,763

1,860,542

18,783,736

17,156,859

10,746,817

6,410,042

295,459

1,331,418

16,955,502

15,409,947

10,335,085

5,074,862

305,882

1,239,673

51,535,114

46,698,281

34,167,078

12,531,203

1,010,619

3,826,214

91,053,833

80,597,918

59,530,616

21,067,302

2,941,546

7,514,369

Number of active officers, December 31...........

Number of other employees, December 3 1 ....

98,353

478,359

2,877

1,917

7,233

7,387

16,421

28,202

12,807

36,914

12,958

55,995

7,667

42,229

5,901

37,674

14,266

111,990

18,223

156,051

Number of banks, December 31......................... 12,998 1,234 2,544 4,312 2,394 1,534 496 217 217 50

Note: Due to rounding differences, components may not add to total.

1 This group of banks is the same as the group shown in Table 114 under the heading “ Operating throughout the year."

2 Asset and liability items are as of December 31, 1959.

Back figures, 1941-1958: See the Annual Report for 1958, pp. 204-205, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 153

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BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Table 117. RATIOS OF EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS OPERATING THROUGHOUT 1959

i n t h e U n it e d S t a t e s (S t a t e s a n d O t h e r A r e a s )

Banks with deposits of—3

Earnings or expense item All

banks1 Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Amounts per $100 of current

operating earnings

Current operating earnings—total............ $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

Interest on U. S. Government obligations. . 17.94 24.13 24.60 23.66 21.93 20.79 20.29 19.28 16.92 14.64

Interest and dividends on other securities. . 5.65 4.33 5.30 6.60 6.97 6.55 5.99 6.10 5.12 5.13

61.95 60.34 59.04 59.05 59.20 59.05 59.12 60.11 62.11 64.96

Service charges on deposit accounts............. 5.51 4.64 4.76 5.66 7.22 8.03 7.29 6.16 5.15 4.10

Other service charges, commissions, fees,

and collection and exchange charges........

Other current operating earnings..................

2.14 5.31 4.87 3.36 2.56 2.20 2.08 1.75 1.81 1.92

6.81 1.25 1.43 1.67 2.12 3.38 5.23 6.60 8.89 9.25

Current operating expenses—total............ 64.75 69.63 68.71 69.03 69.91 70.38 70.03 67.91 65.29 58.87

Salaries, wages, and fees................................ 27.13 37.06 33.44 30.78 29.27 28.79 28.09 27.59 27.56 24.56

Interest on time and savings deposits.......... 16.41 12.53 15.90 18.11 19.30 19.04 18.73 17.05 14.35 15.35

Taxes other than on net income................... 2.62 3.00 2.86 2.82 2.77 2.70 2.76 2.89 2.91 2.25

Recurring depreciation on banking house,

furniture and fixtures................................. 1.98 1.53 1.90 2.43 2.67 2.76 2.67 2.41 1.92 1.33

Other current operating expenses................. 16.61 15.51 14.61 14.89 15.90 17.09 17.78 17.97 18.55 15.38

Net current operating earnings.................. 35.25 30.37 31.29 30.97 30.09 29.62 29.97 32.09 34.71 41.13

Amounts per $100 of total assets2

Current operating earnings—total....................

Current operating expenses—total...................

3.95 4.16 4.13 4.00 4.05 4.11 4.10 4.01 3.95 3.83

2.56 2.90 2.84 2.76 2.83 2.89 2.87 2.72 2.58 2.25

Net current operating earnings......................... 1.39 1.26 1.29 1.24 1.22 1.22 1.23 1.29 1.37 1.58

Recoveries, transfers from reserve accounts,

and profits—total....................................... .13 .10 .09 .08 .07 .08 .10 .10 .14 .18

Losses, charge-offs, and transfers to reserve

accounts—total........................................... .55 .24 .29 .34 .40 .44 .50 .53 .61 .66

Net profits before income taxes........................ .97 1.12 1.09 .98 .89 .86 .83 .86 .90 1.10

Net profits after income taxes........................... .61 .84 .80 .70 .59 .54 .51 .54 .56 .67

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

(*) («) (*) (*) (*) (*) (*) .01 .01 (*)

.03 .01 .02 .03 .03 .03 .03 .03 .02 .04

Losses charged to reserve accounts (not included in losses above):

.08 (*) (*) (*) .01 .03 .03 .08 .12 .13

.05 .03 .04 .05 .07 .07 .06 .07 .05 .04

154 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Amounts per $100 of total capital

accounts3

Net current operating earnings.........................

Recoveries, transfers from reserve accounts,

and profits—total........................................

Losses, charge-offs, and transfers to reserve

accounts—total......................

Net profits before income taxes........................

Taxes on net income.................

Net profits after income taxes...................

Cash dividends declared................................

Net additions to capital from profits...............

17.68

1.70

7.06

12.32

4.59

7.73

4.02

3.71

11.02

.90

2.11

9.81

2.50

7.31

2.48

4.83

12.75

.86

2.82

10.79

2.87

7.92

2.60

5.32

14.11

.91

3.85

11.17

3.19

7.98

2.87

5.11

15.37

.88

4.98

11.27

3.80

7.47

2.95

4.52

16.52

1.14

5.93

11.73

4.46

7.27

3.07

4.20

17.34

1.34

7.02

11.66

4.50

7.16

3.22

3.94

17.59

1.44

7.20

11.83

4.40

7.43

3.60

3.83

18.46

1.88

8.21

12.13

4.56

7.57

4.23

3.34

19.11

2.22

8.04

13.29

5.21

8.08

4.89

3.19

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................

On loans .03 (*) .01 (*) .01 .02 .03 .10 .08 (*)..............

Losses charged to reserve accounts (not in­

.39 .13 .22 .33 .42 .42 .37 .42 .22 .48

cluded in losses above):

On securities............................ 1.08 .03 .02 .06 .16 .37 .45 1.07 1.60 1.53 On loans.................. .64 .25 .39 .61 .89 .89 .82 .89 .65 .47

Special ratios3

Income on loans per $100 of loans................... 5.38 6.45 6.30 6.14 6.08 5.92 5.75 5.61 5.34 4.94 Income on U. S. Government obligations per

$100 of U. S. Government obligations___ 2.96 2.88 2.92 2.89 2.87 2.84 2.83 2.86 2.92 3.16 Income on other securities per $100 of other

securities....................................................... 2.69 2.68 2.69 2.58 2.53 2.57 2.58 2.54 2.75 2.87 Service charges per $100 of demand deposits.. .35 .30 .33 .39 .53 .59 .52 .40 .31 .24 Interest paid per $100 of time and savings

deposits......................................................... 2.34 2.22 2.20 2.18 2.18 2.20 2.25 2.28 2.33 2.54

Assets and liabilities per $100 of

total assets3

Assets— total.................................. 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Cash and due from banks........................ 20.21 18.82 17.50 17.44 16.99 16.87 17.13 18.71 21.87 22.38 United States Government obligations........ 23.99 34.83 34.83 32.70 30.97 30.06 29.38 26.98 22.91 17.74 Other securities............................................. 8.30 6.72 8.13 10.23 11.17 10.47 9.50 9.61 7.36 6.86 Loans and discounts..................................... 45.49 38.96 38.70 38.49 39.49 40.99 42.15 42.91 45.97 50.42 All other assets............................ 2.01 .67 .84 1.14 1.38 1.61 1.84 1.79 1.89 2.60

Liabilities and capital—total....................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total deposits.................................................. 90.00 88.09 89.39 90.65 91.21 91.38 91.34 90.89 90.62 88.52 Demand deposits.......................................... 62.27 64.60 59.48 57.47 55.38 55.77 57.21 60.96 66.30 65.38 Time deposits................................................ 27.73 23.49 29.91 33.18 35.83 35.61 34.13 29.93 24.32 28.14 Borrowings and other liabilities.................... 2.12 .43 .47 .57 .86 1.25 1.57 1.80 1.96 3.23 Total capital accounts.................................... 7.88 11.48 10.14 8.78 7.93 7.37 7.09 7.31 7.42 8.25

Number of banks, December 31....................... 12,998 1,234 2,544 4,312 2,394 1,534 496 217 217 50

1 This group of banks is the same as the group shown in Table 114 under the heading “Operating throughout the year.” These ratios differ slightly from the ratios for all insured

commercial banks shown in Tables 113 and 115.

8 Asset and liability items are as of December 31, 1959.

* Less than .005.

Back figures, 1941-1958: See the Annual Report for 1958, pp. 206-207, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 155

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Table 118. E a r n in g s , E x p e n s e s, a n d D ividends of I n su r e d C o m m e r c ia l B a n k s in t h e

U n it e d S tates (S tates a n d Oth e r A r e a s) , B y S ta t e , 1959

(Amounts in thousands o f dollars)

Earnings or expense item

Total

United

States

Other

Puerto

Rico

areas

Virgin

Islands

48 States

and

D. C.1

50 States

and

D. C.

Alabama Alaska Arizona Arkansas California Colorado

Current operating earnings—total............ 9,669,352 18,511 604 9,612,563 9,650,237 90,462 9,200 61,411 49,697 1,137,033 89,311

Interest on U. S. Government obligations. . 1,732,174 1,255 158 1,724,551 1,730,761 16,279 1,519 6,375 9,358 158,749 16,019

Interest and dividends on other securities. . 546,253 1,400 44 543,021 544,809 6,383 340 2,631 4,302 52,071 2,664

Interest and discount on loans....................... 5,856,688 12,391 303 5,819,987 5,843,994 55,120 5,268 40,553 28,732 738,711 55,319

Service charges and fees on bank’s loans. . . 111,991 654 17 109,803 111,320 741 488 2,509 127 27,179 1,073

Service charges on deposit accounts............. 531,916 514 13 529,129 531,389 5,737 811 5,000 3,057 81,065 8,028

Other service charges, commissions, fees,

and collection and exchange charges........ 205,935 1,970 66 202,527 203,899 2,452 621 1,607 2,611 21,471 1,623

426,016 9 425,977 426,007 1,894 30 1,037 476 33,881 3,075

Other current operating earnings.................. 258,381 318 3 257,568 258,060 1,856 124 1,700 1,034 23,906 1,511

Current operating expenses—total............ 6,264,207 14,420 448 6,223,004 6,249,339 58,359 6,629 42,439 33,336 777,674 59,927

Salaries— officers................................................. 892,657 1,714 45 887,882 890,898 10,551 1,149 5,924 7,451 80,508 9,955

Salaries and wages— employees..................... 1,684,159 3,901 125 1,672,829 1,680,133 14,450 2,085 12,637 7,197 212,183 15,787

Fees paid to directors and members of executive, discount, and other committees . 51,866 152 2 51,556 51,712 641 35 67 718 1,200 700

Interest on time and savings deposits......... 1,580,250 3,868 193 1,568,381 1,576,189 14,482 1,059 8,790 6,567 287,206 13,620

Interest and discount on borrowed money. . 78,350 147 78,162 78,203 261 15 179 121 6,669 616

Taxes other than on net income.................... 252,763 845 4 251,125 251,914 992 161 846 1,247 26,681 992

Recurring depreciation on banking house,

furniture and fixtures.................................... 191,424 446 9 189,817 190,969 1,822 342 1,731 1,363 16,821 1,706

Other current operating expenses.................. 1,532,739 3,347 70 1,523,252 1,529,322 15,159 1,783 12,266 8,672 146,407 16,552

Net current operating earnings................. 3,405,145 4,091 156 3,389,559 3,400,898 32,103 2,571 18,972 16,361 359,359 29,385

Recoveries, transfers from reserve accounts, and profits— total.................... 328,889 154 2 327,637 328,733 2,195 137 4,226 1,144 26,377 2,814

On securities:

Recoveries........................................................ 27,946 46 27,821 27,900 22 43 38 1,025

Transfers from reserve accounts................ 111,447 110,947 111,447 157 1 2,207 291 8,265 110

Profits on securities sold or redeemed----- 47,277 44 47,145 47,233 305 14 192 167 3,704 671

On loans:

Recoveries........................................................ 20,551 3 20,330 20,548 716 69 2 346 625 318

Transfers from reserve accounts................ 57,607 4 57,592 57,603 714 119 43 8,020 145

All other............................................................... 64,062 58 2 63,802 64,002 281 53 1,706 254 5,725 545

Losses, charge-offs, and transfers to reserve accounts—total............................. 1,361,515 513 21 1,358,001 1,360,981 13,643 982 10,245 5,638 113,410 9,643

On securities:

Losses and charge-offs.................................. 745,081 68 743,592 745,013 7,140 42 6,945 2,630 46,703 4,924

Transfers to reserve accounts..................... 168,003 51 167,952 167,952 130 321 16,395 27

On loans:

Losses and charge-offs.................................. 25,459 35 25,282 25,424 1,155 109 528 832 342

Transfers to reserve accounts..................... 318,965 286 20 317,415 318,659 3,857 709 2,277 1,371 40,596 2,836

All other................................................................ 104,006 73 1 103,759 103,932 1,362 122 1,023 788 8,885 1,514

Net profits before income taxes.................. 2,372,519 3,732 137 2,359,194 2,368,650 20,656 1,727 12,954 11,867 272,326 22,556

156 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Taxes on net income— total.........................

Federal..................................................................

State.......................................................................

Net profits after income taxes....................

Dividends and interest on capital— total.

Dividends declared on preferred stock and

interest on capital notes and debentures.

Cash dividends declared on common stock. .

Net additions to capital from profits........

884,458

832,797

51,661

531

398

133

62

62

880,199

828,717

51,482

883,865

832,337

51,528

7,306

6,317

988

581

567

14

4,166

3,883

283

3.080

3.080

112,884

101,575

11,309

12,125

11,139

986

1,488,061 3,201 75 1,478,995 1,484,785 13,350 1,146 8,788 8,787 159,442 10,431

776,386

2,219

774,167

1,131 25 773,245

2,219

771,026

775,230

2,219

773,011

6,062 318 4,055 3,521 90,222

50

90,172

5,537

1,131 25 6,062 318 4,055 3,521 5,537

711,675 2,070 50 705,750 709,555 7,287 828 4,733 5,265 69,220 4,894

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................................................ 5,585

73,790

207,061

122,315

5,585

73,382

207,061

121,466

5,585

73,620

207,061

122,004

2

995

213

2,057

6

329

457

586

536

6,224

21,179

12,640

6

1,227

514

1,684

On loans................................................................

Losses charged to reserve accounts (not included in losses above):

On securities........................................................

170 145 564

On loans................................................................ 311 250 1,136

Average assets and liabilities2

Assets—total.....................................................

Cash and due from banks................................

United States Government obligations........

Other securities...................................................

Loans and discounts..........................................

All other assets...................................................

Liabilities and capital—total......................

Total deposits.....................................................

Demand deposits.............................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts......................................

237,577,389

46,881,654

61,878,548

20,284,525

103,872,351

4,660,311

331,441

41,849

43,497

46,893

187,833

11,369

16,090

3,352

5,936

1,182

5,406

214

236,687,447

46,746,061

61,682,637

20,193,183

103,429,390

4,636,176

237,229,858

46,836,453

61,829,115

20,236,450

103,679,112

4,648,728

2,163,000

449,029

572,734

247,961

860,318

32,958

169,737

28,662

57,497

12,170

67,827

3,581

1,198,840

206,245

224,212

85,623

645,635

37,125

1,283,550

305,816

333,064

162,332

465,638

16,700

25,306,610

4,131,982

6,047,322

2,006,426

12,539,439

581,441

2,033,676

440,726

547,985

96,448

917,722

30,795

237,577,389

213,428,979

11*6,599,71*5

66,829,231*

5,410,250

18,738,160

331,441

296,971

11*0,31*9

156,622

9,664

24,806

16,090

15,114

7,007

8,107

211

765

236,687,447

212,615,950

11*6,172,077

66,1*1*3,873

5,394,871

18,676,626

237,229,858

213,116,894

11*6,1*52,389

66,661*,505

5,400,375

18,712,589

2,163,000

1,966,318

1,1*09,793

556,525

23,439

173,243

169,737

159,223

97,289

61,931*

884

9,630

1,198,840

1,097,671

755,022

31*2,61*9

23,398

77,771

1,283,550

1,169,627

911,81*1*

257,783

6,958

106,965

25,306,610

23,049,261

12,202,91*7

10,81*6,311*

691,728

1,565,621

2,033,676

1,859,018

1,319,1*23

539,595

29,199

145,459

Number of active officers, December 31..........

Number of other employees, December 31. . .

98,934

481,666

285

1,530

5

37

98,376

478,105

98,644

480,099

1,313

4,905

95

473

638

3,877

1,088

2,586

8,693

54,306

1,115

4,781

Number of banks, December 31........................ 13,114 7 1 13,087 13,106 237 13 8 231 110 160

Note: Due to rounding differences, components may not add to total.

1 Formerly designated as “ Continental United States". Alaska was admitted to Statehood January 3, 1959, and Hawaii, August 21, 1959.

2 Asset and liability items are averages of figures reported at beginning, middle, and end of year, adjusted to exclude data for 3 insured branches in Guam of an insured bank in

California, 13 insured branches in Puerto Rico of insured banks in New York, and 4 insured branches in the Virgin Islands of an insured bank in New York; earnings data of these

branches are not available.

Back figures, 191*6-1958: See the Annual Report for 1958, pp. 208-217, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 157

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T able 1 1 8 . E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s i n t h e

U n it e d S t a t e s ( S t a t e s a n d O t h e r A r e a s ) , B y S t a t e , 1959— Continued

(Amounts in thousands of dollars)

Earnings or expense item Connecticut Delaware District of

Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas

Current operating earnings—total............ 114,031 33,380 63,484 207,755 139,618 28,474 31,227 656,158 190,346 131,282 96,208

Interest on U. S. Government obligations. . 16,828 5,980 14,022 44,807 22,172 4,691 6,099 161,389 47,903 27,579 22,474

Interest and dividends on other securities. . 5,821 1,078 1,549 10,582 5,515 1,448 1,302 44,714 7,691 8,193 7,585

Interest and discount on loans..................... 67,133 18,780 36,812 115,665 85,949 18,739 19,209 354,959 110,902 80,229 53,539

Service charges and fees on bank's loans.. . 857 590 538 3,858 1,963 1,029 416 5,671 1,080 412 494

Service charges on deposit accounts............ 7,891 777 4,612 17,594 10,147 1,449 2,722 26,532 9,067 7,962 7,076

Other service charges, commissions, fees,

and collection and exchange charges....... 2,187 236 1,327 4,888 5,970 751 746 11,358 3,843 3,209 1,629

Trust department........................................... 10,291 5,443 3,410 4,641 4,222 142 37,968 4,910 1,474 850

Other current operating earnings................. 3,023 495 1,214 5,720 3,681 368 592 13,569 4,951 2,224 2,561

Current operating expenses—total............ 79,854 18,741 42,695 142,218 96,994 19,706 20,447 403,218 126,748 85,974 61,355

Salaries—officers............................................. 12,614 3,268 5,963 20,472 15,802 1,867 3,523 59,067 21,318 20,434 15,468

Salaries and wages—employees.................... 24,801 5,998 12,984 38,475 24,0731 5,219 4,811 108,177 33,444 16,981 12,830

Fees paid to directors and members of executive, discount, and other committees. 597 274 422 1,487 1,189 121 104 3,506 1,700 915 980

Interest on time and savings deposits......... 13,518 2,572 8,810 30,863 18,437 6,749 6,261 103,149 25,737 21,186 11,573

Interest and discount on borrowed money. . 691 86 573 2,048 1,114 26 74 6,315 330 549 468

Taxes other than on net income.................. 2,571 518 2,316 4,457 5,491 628 421 14,772 7,775 2,992 2,457

Recurring depreciation on banking house,

furniture and fixtures................................. 2,485 643 1,336 7,106 3,579 810 772 9,108 4,259 2,367 2,009

Other current operating expenses................ 22,578 5,382 10,291 37,311 27,309 4,287 4,481 99,124 32,185 20,551 15,571

Net current operating earnings.................. 34,177 14,639 20,789 65,537 42,624 8,768 10,781 252,941 63,599 45,308 34,852

Recoveries, transfers from reserve accounts, and profits—total.................... 3,986 2,160 858 2,568 4,834 959 93 50,017 10,636 2,074 1,739

On securities:

Recoveries................................................... 57 1,203 34 2,250 79 3,645 3,642 128 38

Transfers from reserve accounts.............. 1,863 40 668 322 499 30,454 2,774 438 77

Profits on securities sold or redeemed---- 438 291 78 439 887 74 43 8,492 1,087 391 220

On loans:

Recoveries................................................... 112 36 54 450 429 149 32 1.190 427 371 945

Transfers from reserve accounts.............. 314 522 63 213 166 11 3,902 466 252 44

All other.......................................................... 1,203 68 663 764 780 147 18 2,334 2,240 494 416

Losses, charge-offs, and transfers to reserve accounts—total............................. 16,568 5,043 3,461 25,377 22,547 1,998 6,918 146,801 31,725 15,709 10,145

On securities:

Losses and charge-offs............................... 8,406 721 1,951 13,126 15,923 1,379 6,447 87,026 17,827 10,010 4,500

Transfers to reserve accounts................... 1,363 1,914 249 773 24,645 3,622 464 219

On loans:

Losses and charge-offs............................... 170 50 123 858 390 33 75 1,341 666 519 1,362

Transfers to reserve accounts................... 3,669 1,314 512 9,588 3,629 535 274 21,479 6,530 3,439 2,156

All other.......................................................... 2,960 1,044 875 1,556 1,832 51 121 12,310 3,080 1,277 1,907

Net profits before income taxes.................. 21,596 11,756 18,186 42,728 24,911 7,729 3,956 156,157 42,509 31,673 26,447

158 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— total........................

Federal..................................................................

State......................................................................

6,839

5,705

1,134

5,532

5,205

326

9.008

9.008

15.230

15.230

9.166

9.166

3,085

3,053

32

1,881

1,529

352

56.639

56.639

17.318

17.318

11.511

11.511

8.308

8.308

Net profits after income taxes....................

Dividends and interest on capital— total.

Dividends declared on preferred stock and

interest on capital notes and debentures.

14,757 6,224 9,178 27,498 15,745 4,644 2,075 99,517 25,191 20,163 18,139

9,523 4,080 5,129 9,703

35

9,668

9,622 1,667 1,956 45,092

93

44,999

10,409

9

10,400

8,243

18

8,225

5,898

Cash dividends declared on common stock.

Net additions to capital from profits........

9,523 4,080 5,129 9,622 1,667 1,956 5,898

5,234 2,144 4,049 17,795 6,123 2,977 118 54,426 14,782 11,920 12,240

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................................................ 27

553

1,452

1,507

11

1,468

561

5,386

67

925

2,231

2,130

120

8,033

7,223

6,306

2

1,231

3,796

2,827

5

545

126

1,016

On loans................................................................

Losses charged to reserve accounts (not included in losses above):

On securities........................................................

On loans................................................................

100

1,840

1,028

80

8

321

93

288

116

178

946

14

1,405

Average assets and liabilities1

Assets—total.....................................................

Cash and due from banks................................

United States Government obligations........

Other securities...................................................

Loans and discounts..........................................

All other assets....................................................

Liabilities and capital—total......................

Total deposits......................................................

Demand deposits.............................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts......................................

2,495,022

447,171

608,825

262,386

1,128,550

48,090

713,812

114,464

213,923

34,440

336,753

14,232

1,620,978

326,210

509,369

63,990

688,175

33,234

5,039,261

1,089,884

1,594,000

404,422

1,842,835

108,120

3,024,611

660,918

760,491

208,747

1,339,003

55,452

372,674

61,730

88,981

31,097

181,895

8,971

680,593

109,090

208,360

48,260

303,932

10,951

18,199,051

3,503,149

5.883.719

1,701,427

6.924.720

186,036

4,916,912

950,608

1,759,659

310,571

1,834,531

61,543

3,283,712

585,136

931,788

319,803

1,419,154

27,831

2,430,927

471,238

736,750

300,455

897,158

25,326

2,495,022

2,231,351

1,651,665

579,686

61,847

201,824

713,812

628,594

1*81,373

11*7,221

14,792

70,426

1,620,978

1,479,254

1,103,01*3

376,211

31,703

110,021

5,039,261

4,604,145

3,363,970

1,21*0,175

88,915

346,201

3,024,611

2,716,302

2,025,170

691,132

57,834

250,475

372,674

341,721

183,023

158,698

4,620

26,333

680,593

629,946

1*02,291*

227,652

7,101

43,546

18,199,051

16,520,410

11,1*98,383

5,022,027

317,048

1,361,593

4,916,912

4,494,308

3,061*,365

1,1*29,91*3

57,667

364,937

3,283,712

2,989,310

2,081*,138

905,172

18,630

275,772

2,430,927

2,207,798

1,711 Ml*

1*96,351*

19,268

203,861

Number of active officers, December 31..........

Number of other employees, December 31. . .

1,135

6,955

312

1,778

497

3,492

2,393

12,609

1,959

7,689

173

1,521

387

1,535

5,827

29,042

2,547

10,422

2,666

6,017

2,231

4,487

Number of banks, December 31 ........................ 63 19 12 288 357 6 32 949 443 632 585

Note: Due to rounding differences, components may not add to total.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 191*6-1958: See the Annual Report for 1958, pp. 208-217, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OP INSURED BANKS 159

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 1 1 8 . EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n it e d S ta t e s (S tates a n d Oth e r A r e a s) , B y S t a t e , 1959— Continued

(Amounts in thousands of dollars)

Earnings or expense item Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota

Mississippi Missouri Montana Nebraska Nevada

Current operating earnings—total.............. 91,684 118,528 30,846 93,429 256,914 375,089 189,901 56,255 232,458 37,998 66,677 19,728

Interest on U. S. Government obligations. . . 21,338 25,898 5,281 19,996 38,504 78,544 34,494 10,467 50,575 8,091 14,410 3,449

Interest and dividends on other securities. . . 4,108 7,800 1,135 5,331 9,712 24,091 11,128 5,737 13,916 2,250 3,222 1,256

Interest and discount on loans.......................... 54,985 67,868 20,376 52,878 150,138 223,417 111,373 30,284 141,176 21,983 40,932 11,759

Service charges and fees on bank’s loans. . . . 748 701 233 783 1,973 4,668

19,433

1,441 108 1,614 499 170 687

Service charges on deposit accounts................ 3,799 7,419 1,891 7,391 16,951 11,999 3,569 10,550 2,815 3,987 1,109

Other service charges, commissions, fees, and

collection and exchange charges................... 1,242 4,498 469 2,208 8,378 6,544 10,181 3,529 3,480 1,136 1,376 508

Trust department................................................. 3,612 951 976 2,469 21,932 12,065 5,320 412 6,242 208 992 567

Other current operating earnings..................... 1,853 3,393 485 2,374 9,325 6,327 3,965 2,149 4,905 1,016 1,589 392

Current operating expenses—total.............. 56,532 79,893 22,365 63,590 152,155 260,643 130,435 39,277 139,693 25,673 41,309 12,706

Salaries— officers.................................................... 11,885 12,652 2,931 8,135 22,938 28,775 24,120 7,751 24,566 4,769 11,509 1,907

Salaries and wages— employees........................ 13,582 19,980 5,628 17,998 52,344 70,811 29,532 8,581 37,357 5,584 9,455 3,380

Fees paid to directors and members of executive, discount, and other committees.......... 996 1,060 265 746 1,177 1,766 1,581 611 1,729 215 718 29

Interest on time and savings deposits............. 9,885 15,902 6,560 14,899 15,273 79,910 34,863 7,959 26,890 5,552 3,797 4,088

Interest and discount on borrowed money... 440 1,001 115 516 1,251 2,199 2,204 283 2,073 157 898 7

Taxes other than on net income....................... 3,355 6,781 856 3,312 6,250 12,447 2,631 1,834 5,545 1,990 1,541 521

Recurring depreciation on banking house,

furniture and fixtures...................................... 1,446 2,660 882 1,774 5,752 7,157 3,008 1,107 4,403 825 1,259 405

Other current operating expenses..................... 14,943 19,857 5,128 16,210 47,171 57,579 32,498 11,150 37,130 6,581 12,132 2,368

Net current operating earnings.................... 35,152 38,635 8,481 29,839 104,759 114,446 59,466 16,978 92,765 12,325 25,367 7,022

Recoveries, transfers from reserve accounts, and profits—total....................... 2,421 2,734 1,549 2,361 15,548 6,975 2,297 1,534 10,804 2,390 2,596 761

On securities:

Recoveries ......................................... 22 29 12 217 172 617 273 178 1,979

3,812

95 68

Transfers from reserve accounts................... 785 1,541 37 1,411 8,868 1,353 4 233 1,379 808 678

Profits on securities sold or redeemed......... 297 431 55 246 1,520 1,190 524 129 1,129 153 219 10

On loans:

Recoveries.......................................................... 305 227 207 149 323 357 589 367 884 553 293

Transfers from reserve accounts................... 732 246 669 39 1,865

2,801

1,861

1,598

112 319 1,833

1,167

84 417

All other.................................................................. 280 260 568 299 794 308 127 791 73

Losses, charge-offs, and transfers to reserve accounts—total............................... 11,344 12,175 3,917 11,707 45,350 38,009 15,595 7,786 35,704 5,273 8,057 3,986

On securities:

Losses and charge-offs............... 4,894 3,893 1,833 8,449 26,471 18,214 8,845 2,204 22,289

5,478

2,129 3,218 3,578

Transfers to reserve accounts........................ 2,419 3,388 278 348 4,657 8,092 172 1,059 928 1,102 2

On loans:

Losses and charge-offs..................................... 416 282 207 214 196 1,128 961 555 766 616 267 5

Transfers to reserve accounts........................ 2,055 3,266 1,114 1,909 8,888 7,756

2,820

3,840 2,999 4,094 1,089 2,085 325

1,561 1,346 486 787 5,138 1,777 969 3,078 512 1,385 76

Net profits before income taxes.................... 26,229 29,194 6,113 20,493 74,957 83,412 46,167 10,726 67,864 9,442 19,906 3,798

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total...........................

Federal.....................................................................

State.........................................................................

9.596

9.596

9.583

9.583

2.113

2.113

7.873

7.873

30,841

25,937

4,904

26.778

26.778

18,982

16,197

2,786

2,828

2,828

23,856

23,112

744

3,642

3,400

243

7.421

7.421

1.183

1.183

Net profits after income taxes.......................

Dividends and interest on capital— total. .

Dividends declared on preferred stock and

interest on capital notes and debentures. . .

Cash dividends declared on common stock . .

Net additions to capital from profits..........

16,633 19,611 4,000 12,620 44,116 56,634 27,185 7,897 44,009 5,799 12,485 2,615

6,797

3

6,794

6,378

3

6,375

2,065

5

2,060

6,601

2

6,599

23,852

10

23,842

24,863

146

24,717

12,592

20

12,573

3,550

10

3,541

17,086

28

17,058

2.865

2.865

4.923

4.923

1.700

1.700

9,836 13,233 1,934 6,019 20,264 31,771 14,592 4,347 26,923 2,934 7,562 915

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................................................... 25

517

4,410

1,191

23

240

345

525

495

311

358

604

130

1,197

6,507

4,386

55

603

3

1,606

165

363

1,019

2,169

31

1,109

6,069

2,016

1

281

51

406

12

648

1,094

720

On loans..................................................................

Losses charged to reserve accounts (not included in losses above):

On securities...........................................................

On loans..................................................................

570

4,770

1,835

3,915

11,925

4,135

41

119

Average assets and liabilities1

Assets—total.......................................................

Cash and due from banks..................................

United States Government obligations...........

Other securities......................................................

Loans and discounts.............................................

All other assets......................................................

Liabilities and capital—total........................

Total deposits........................................................

Demand deposits................................................

Time and savings deposits...............................

Borrowings and other liabilities........................

Total capital accounts......................................

2,422,270

554,753

761,846

137,808

944,921

22,942

3,087,008

716,692

897,748

289,071

1,133,535

49,962

665,475

103,493

188,376

45,662

314,495

13,449

2,383,883

456,786

732,098

216,427

937,780

40,792

5,747,930

1,171,109

1,360,435

383,215

2,710,220

122,951

9,037,197

1,417,474

2,823,398

911,235

3,745,832

139,258

4,412,789

850,432

1,190,181

398,363

1,907,636

66,177

1,354,441

287,703

350,483

205,546

487,169

23,540

6,367,808

1,412,898

1,822,338

532,506

2,531,156

68,910

861,556

152,450

275,871

80,707

339,368

13,160

1,740,884

382,659

511,354

130,982

699,464

16,425

423,548

55,480

126,940

48,021

183,608

9,499

2,422,270

2,195,691

1,723,154

472,537

23,132

203,447

3,087,008

2,819,708

2,185,423

634,285

38,787

228,513

665,475

596,321

329,842

266,479

11,005

58,149

2,383,883

2,175,621

1,520,518

655,103

31,920

176,342

5,747,930

5,049,496

4,281,120

768,376

167,849

530,585

9,037,197

8,200,526

4,427,418

3,773,108

186,207

650,464

4,412,789

3,989,151

2,555,524

1,433,627

76,812

346,826

1,354,441

1,246,376

940,263

306,113

10,541

97,524

6,367,808

5,792,930

4,472,518

1,320,412

79,573

495,305

861,556

796,073

556,298

239,775

12,520

52,963

1,740,884

1,564,640

1,373,706

190,934

30,506

145,738

423,548

393,969

235,095

158,874

5,723

23,856

Number of active officers, December 31.............

Number of other employees, December 31........

1,779

4,818

1,378

6,202

395

1,967

1,045

5,801

2,247

15,812

2,894

19,150

3,125

9,482

1,019

2,944

3,150

12,187

570

1,784

1,509

3,311

227

1,035

Number of banks, December 31........................... 348 186 48 139 163 381 677 191 607 115 388 7

Note: Due to rounding differences, components may not add to total.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1946-1958: See the Annual Report for 1958, pp. 208-217, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 161

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 1 1 8 . EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL BANKS IN THE

U n it e d S t a t e s (S t a t e s a n d O t h e r A r e a s ) , By S t a t e , 1959— Continued

(Amounts in thousands of dollars)

Earnings or expense item New

Hampshire

New

Jersey

New

Mexico

New

York

North

Carolina

North

Dakota Ohio Oklahoma Oregon Pennsylvania

Rhode

Island

Current operating earnings—total............ 18,477 298,181 32,113 1,826,988 129,667 31,033 466,250 109,524 91,000 626,039 43,885

Interest on U. S. Government obligations. . 2,963 54,508 6,791 263,225 19,131 8,401 97,323 21,222 14,637 105,495 6,716

Interest and dividends on other securities. . 1,073 27,422 941 100,067 9,042 2,422 26,523 6,155 5,183 41,445 1,775

Interest and discount on loans....................... 11,716 174,516 19,515 1,126,590 77,413 14,994 277,166 66,440 56,086 386,483 27,052

Service charges and fees on bank’s loans. . . 132 1,948 481 21,629 1,974

7,756

224 3,670 489 1,056 4,391 208

Service charges on deposit accounts............. 1,601 20,248 2,604 63,752 1,662 24,442 8,133 8,512 23,852 2,519

Other service charges, commissions, fees,

and collection and exchange charges........ 318 3,476 862 33,702 7,410 2,566 6,917 1,571 1,662 8,035

41,795

649

Trust department............................................... 345 9,571 318 150,664 3,817 174 17,377 1,188 2,190 3,287

Other current operating earnings.................. 330 6,492 601 67,359 3,126 590 12,832 4,327 1,673 14,543 1,681

Current operating expenses— total............ 13,846 220,373 21,175 1,066,872 82.982 19,865 309,791 68,232 62,471 403,837 29,571

Salaries— officers................................................. 2,135 26,165 3,691 117,631 15,433 4,393 37,751

77,433

15,177 9,626

16,732

54,217 3,078

Salaries and wages— employees...................... 2,784 57,941 5,878 335,780 21,841 3,695 15,848 109,638 7,395

Fees paid to directors and members of executive, discount, and other committees. 215 2,273 182 4,516 662 215 2,523 743 214 4,821 208

Interest on time and savings deposits.......... 3,977 64,407 3,843 234,393 15,006 5,756 89,612 11,615 19,928 99,364 9,440

Interest and discount on borrowed money. . 61 1,256 88 27,893 1,347 23 2,645 1,063 174 4,287 409

Taxes other than on net income.................... 397 9,928 1,105 27,071 2,113 480 23,908 1,421 1,714 19,671 1,643

Recurring depreciation on banking house,

furniture and fixtures................................... 516 8,405 1,084 26,064 4,323 577 9,450 2,961 1,902 14,208 790

Other current operating expenses.................. 3,761 50,000 5,303 293,522 22,259 4,726 66,469 19,405 12,181 97,633 6,608

Net current operating earnings.................. 4,632 77,808 10,938 760,116 46,685 11,168 156,459 41,293 28,529 222,202 14,314

Recoveries, transfers from reserve accounts, and profits—total.................... 1,222 9,174 887 76,041 4,947 430 22,502 2,034 1,058 12,177 1,361

On securities:

Recoveries................. 417 320 273 3,946

14,777

24 64 2,887

8,721

10 1 805

Transfers from reserve accounts................ 36 2,539 38 940 92 689 33 4,400 1,200

Profits on securities sold or redeemed___ 373 2,784 88 12,172 206 76 1,623 330 573 1,399 6

On loans:

Recoveries........................................................ 79 573 221 1,753 108 72 834 742 24 1,224 14

Transfers from reserve accounts................

All other................................................................

25

291

1,362

1,596

187

80

21,242

22,152

1,418

2,251

34

92

6,468

1,968

13

250 427

2,108

2,241 141

Losses, charge-offs, and transfers to reserve accounts—total............................. 2,526 33,394 4,338 336,762 20,254 3,131 62,973 11,065 9,510 85,883 7,852

On securities:

Losses and charge-offs.................................. 1,624 16,885 1,849 208,054 11,298 1,560 30,508 6,400 1,712 42,661 5,743

Transfers to reserve accounts 111

70

3,392

412

84 30,839

827

1,860 4 17,110

757

96 6,405

51

18,601

875

On loans:

Losses and charge-offs.................................. 251 342 107 1,236 83

Transfers to reserve accounts................... 428 9,225 1,724 84,754 5,244 1,107 10,981 2,508 797 16,543 929

All other................................................................ 293 3,480 431 12,288 1,511 354 3,616 825 545 7,203 1,097

Net profits before income taxes.................. 3,327 53,588 7,487 499,396 31,377 8,467 115,988 32,261 20,077 148,496 7,823

162 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— total.........................

Federal..................................................................

1.352

1.352

12,622

12,622

3.092

3.092

198,311

176,529

21,783

11,438

10,416

1,022

2,938

2,754

184

38.575

38.575

12,110

11,193

917

8,340

6,684

1,656

45.400

45.400

2,085

1,778

308

Net profits after income taxes....................

Dividends and interest on capital—total.

Dividends declared on preferred stock and

interest on capital notes and debentures.

1,976 40,965 4,395 301,084 19,940 5,529 77,413 20,151 11,737 103,096 5,738

1,070 19,514

596

18,918

1,536 204,980

929

204,052

7,977

1

7,976

2,358 30,673

14

30,659

7,836 6,942 61,085

11

61,074

4,031

Cash dividends declared on common stock. .

Net additions to capital from profits.......

1,069 1,536 2,358 7,836 6,942 4,031

906 21,451 2,858 96,104 11,963 3,171 46,740 12,315 4,795 42,011 1,707

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................................................ 420

1,346

5,112

2,936

141

18,240

41,297

22,784

1,051

242

2,151

1,084

835

2,497

26,118

4,666

822

7,095

34,845

7,305

On loans................................................................

Losses charged to reserve accounts (not included in losses above):

On securities........................................................

On loans................................................................

145

47

359

630

263

996

227

253

807

19

1,352

476

7,163

767

164

1,544

560

Average assets and liabilities1

Assets—total.....................................................

Cash and due from banks................................

United States Government obligations........

Other securities...................................................

Loans and discounts..........................................

All other assets...................................................

Liabilities and capital—total......................

Total deposits......................................................

Demand deposits.............................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts......................................

410,072

72,937

100,683

30,453

199,444

6,555

7,358,294

1,114,253

2,029,189

1,032,840

3,058,619

123,393

723,666

154,993

236,601

38,195

281,857

12,020

46,902,039

10,342,420

9,188,133

3,492,553.

22,471,987

1,406,946

2,962,782

645,440

648,847

351,582

1,257,437

59,476

699,202

94,954

260,042

88,910

245,273

10,023

11,779,742

2,123,090

3,456,415

922,371

5,104,094

173,772

2,757,663

671,098

757,847

249,702

1,033,213

45,803

2,145,947

370,782

579,983

219,697

932,646

42,839

15,270,969

2,776,950

3,773,050

1,509,339

6,953,495

258,135

925,028

121,534

229,273

69,075

485,991

19,155

410,072

362,678

238,793

123,885

6,812

40,582

7,358,294

6,715,155

3,775,575

2,939,580

128,303

514,836

723,666

672,813

508,726

161*, 08 7

7,961

42,892

46,902,039

40,714,229

31,1*16,295

9,297,931*

2,031,800

4,156,010

2,962,782

2,631,909

1,952,071*

679,835

87,991

242,882

699,202

641,500

1*19,981

221,519

7,458

50,244

11,779,742

10,676,567

6,626,013

1*,050,551*

184,103

919,072

2,757,663

2,480,775

2,028,151*

1*52,621

42,131

234,757

2,145,947

1,942,211

1,150,91*3

791,268

40,969

162,767

15,270,969

13,498,040

8,857,265

1*,61*0,775

282,823

1,490,106

925,028

818,290

1*61*, 813

353,1*77

28,871

77,867

Number of active officers, December 31..........

Number of other employees, December 31. . .

314

976

2,730

16,719

424

1,892

9,226

80,683

1,873

7,299

623

1,371

3,894

22,101

1,971

5,174

1,214

4,681

5,915

32,102

327

2,397

Number of banks, December 31........................ 71 255 52 403 191 153 587 382 51 710 8

Note: Due to rounding differences, components may not add to total.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 191*6-1958: See the Annual Report for 1958, pp. 208-217, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OP INSURED BANKS 163

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Federal Reserve Bank of St. Louis
Table 118. EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED COMMERCIAL B AN K S IN THE

U n it e d S t a t e s (S ta te s a n d Oth e r A r e a s) , B y S t a t e , 1959— Continued

(Amounts in thousands of dollars)

Earnings or expense item South

Carolina

South

Dakota Tennessee Texas Utah Vermont Virginia Washington

West

Virginia Wisconsin Wyoming

Current operating earnings—total............ 46,404 34,612 134,149 473,847 45,513 19,690 146,732 131,411 54,407 174,319 17,414

Interest on U. S. Government obligations. . 8,836 8,836 22,359 79,812 6,659 2,764 24,627 20,345 13,801 45,019 3,999

Interest and dividends on other securities. . 3,085 1,817 7,636 26,217 2,144 998 7,920 6,853 2,406 9,360 771

Interest and discount on loans....................... 26,703 18,820 89,542 298,693 29,038 13,731 94,090 80,078 31,913 100,524 10,106

Service charges and fees on bank’s loans. . . 126 249 824 4,231 1,310 207 1,540 1,838 489 1,413 246

Service charges on deposit accounts............. 3,726 1,998 5,218 26,964 3,268 1,093 8,458 12,968 2,056 8,931 1,190

Other service charges, commissions, fees,

and collection and exchange charges........ 2,610 2,201 2,867 6,918 1,312 225 2,940 3,353 1,102 2,601 530

Trust department............................................... 735 212 2,489 8,699 994 298 4,666 3,371 1,238 2,967 124

Other current operating earnings................... 584 480 3,213 22,314 789 374 2,491 2,605 1,403 3,504 448

Current operating expenses—total............ 29,648 22,642 89,242 307,324 29,704 15,460 100,670 88,017 33,345 122,523 11,165

Salaries— officers................................................. 6,101 5,563 13,590 55,070 3,970 1,941 15,393 13,053 6,091 21,345 2,215

Salaries and wages— employees...................... 8,204 4,152 19,920 70,978 7,077 2,792 24,014 26,300 7,877 24,941 2,550

Fees paid to directors and members of executive, discount, and other committees. 398 366 762 3,382 253 261 1,260 327 611 1,799 178

Interest on time and savings deposits.......... 4,255 5,887 26,637 57,349 10,106 6,571 28,783 21,905 7,760 40,454 2,988

Interest and discount on borrowed money. . 161 78 474 4,363 173 55 580 600 148 947 100

Taxes other than on net income.................... 562 504 4,519 22,808 507 271 4,132 2,578 1,286 2,533 382

Recurring depreciation on banking house,

furniture and fixtures.................................... 1,222 652 2,808 13,103 697 504 3,872 3,467 1,285 3,714 431

Other current operating expenses.................. 8,746 5,441 20,531 80,271 6,922 3,067 22,636 19,788 8,288 26,791 2,320

Net current operating earnings.................. 16,756 11,970 44,908 166,523 15,809 4,230 46,061 43,395 21,062 51,796 6,249

Recoveries, transfers from reserve accounts, and profits—total.................... 434 664 4,997 8,981 482 563 4,087 3,664 1,036 2,951 258

On securities:

Recoveries...................................................... 60 22 220 24 9 336 1,517

711

263

225 872 4

Transfers from reserve accounts................

Profits on securities sold or redeemed___ 47 161

3,084

926

1,683

1,143

212

39

10

358

2,668

425

32

180

506

643 26

On loans:

Recoveries........................................................ 37 187 314 3,098 63 22 188 56 191 138 85

Transfers from reserve accounts................ 68 8 235 620 2 47 127 83 86 282 22

All other................................................................ 282 248 416 2,218 142 117 343 1,035 322 511 121

Losses, charge-offs, and transfers to reserve accounts— total............................. 4,007 3,232 18,010 46,112 7,580 1,398 16,941 16,800 5,884 23,046 1,532

On securities:

Losses and charge-offs.................................. 2,119 1,083 9,533 15,815 6,498 801 8,002 10.501 3,439 16,425 783

Transfers to reserve accounts.....................

On loans:

Losses and charge-offs..................................

60

81

8

134

607

585

3,118

4,238 64

10

42

4,970

358

2,009

134

350

380

280

148 84

Transfers to reserve accounts..................... 1,521 1,701 5,170 17,574 898 459 2,982 2,646 1,370 5,410 501

All other............................................................... 226 306 2,115 5,366 119 86 629 1,510 346 784 163

Net profits before income taxes.................. 13,183 9,403 31,895 129,392 8,711 3,395 33,207 30,259 16,214 31,701 4,976

164 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Taxes on net income— total...........................

Federal..................................................................

State.......................................................................

5,432

5,124

308

3,506

3,196

310

10,770

10,552

218

53.021

53.021

3,089

2,921

168

1,027

915

112

10.270

10.270

12.055

12.055

7.213

7.213

9,794

9,351

443

2.072

2.072

Net profits after income taxes......................

Dividends and interest on capital— tota l.

Dividends declared on preferred stock and

interest on capital notes and debentures.

Cash dividends declared on common stock. .

Net additions to capital from profits........

7,751 5,896 21,125 76,371 5,622 2,368 22,937 18,204 9,001 21,907 2,904

3,355

2

3,353

2.238

2.238

8.383

8.383

39.304

39.304

3,653

5

3,648

1,125

72

1,053

10,193

56

10,137

8.629

8.629

3.834

3.834

10,997

QO

10,899

1,207

4

1,203

4,396 3,658 12,742 37,067 1,968 1,243 12,744 9,575 5,167 10,910 1,697

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities........................................................ 3

131

149

463

159

4,742

1,752

10,404

251

724

7,306

1,965

89

414

2,203

907

92

220

547

414

6

876

211

1,456

On loans................................................................

Losses charged to reserve accounts (not included in losses above):

On securities........................................................

On loans................................................................

205

372

700

148

1,578

200

2

352

56

21

247

123

328

Average assets and liabilities1

Assets— total.........................................................

Cash and due from banks................................

United States Government obligations........

Other securities...................................................

Loans and discounts..........................................

All other assets...................................................

Liabilities and capital— total........................

Total deposits......................................................

Demand deposits.............................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts......................................

1,059,021

228,268

287,708

114,413

412,038

16,594

786,211

116,323

291,126

66,871

301,684

10,207

3,350,913

756,767

804,263

281,406

1,458,000

50,477

12,389,964

3,166,287

2,856,590

955,889

5,097,274

313,924

997,636

185,526

238,958

74,916

482,217

16,019

425,814

52,112

98,929

36,533

231,208

7,032

3,435,990

654,974

902,689

287,542

1,532,384

58,401

2,910,742

568,209

729,437

248,129

1,308,230

56,737

1,367,648

271,732

493,926

94,891

487,425

19,674

4,704,818

816,057

1,597,167

367,144

1,858,373

66,077

427,942

87,760

148,512

27,898

157,754

6,018

1,059,021

957,040

764,143

192,897

16,050

85,931

786,211

722,606

489,378

233,228

7,142

56,463

3,350,913

3,055,193

2,064,374-

990,819

48,541

247,179

12,389,964

11,258,032

8,901,961

2,356,071

165,028

966,904

997,636

912,657

526,815

385,842

17,531

67,448

425,814

382,807

139,397

21*3,410

5,749

37,258

3,435,990

3,118,610

1,893,122

1,225,488

43,079

274,301

2,910,742

2,655,179

1,777,197

877,982

44,257

211,306

1,367,648

1,216,027

825,355

390,672

15,709

135,912

4,704,818

4,329,212

2,4-95,044-

1,834-,168

52,243

323,363

427,942

390,605

270,906

119,699

6,218

31,119

Number of active officers, December 31..........

Number of other employees, December 31. . .

810

2,888

782

1,518

1,881

6,813

6,353

22,263

469

2,255

288

936

2,056

7,989

1,457

7,293

791

2,575

2,567

8,434

272

772

Number of banks, December 31........................ 138 173 290 967 46 56 309 85 181 550 53

Note: Due to rounding differences, components may not add to total.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1946-1958: See the Annual Report for 1958, pp. 208-217, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 165

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Federal Reserve Bank of St. Louis
T able 1 1 9 . INCOME, EXPENSES, AND DIVIDENDS OF INSURED MUTUAL SAVINGS BANKS, 1951-1959

(Amounts in thousands of dollars)

Sources and disposition of income 1951 1952 1953 1954 1955 1956 1957 1958 1959

Current operating income— total. . 513,817 568,498 647,067 721,323 801,682 898,440 1,026,327 1,149,643 1,280,347

Interest on U. S. Government obligations.................................. 171,169 163,879 164,630 155,869 150,657 146,624 147,157 141,950 146,353

Interest and dividends on other securities.. . . 49,630 62,958 82,003 96,205 99,190 102,590 127,212 167,489 180,535

Interest and discount on real estate mortgage loans— net. . . 279,405 326,785 381,895 447,022 528,426 623,586 720,215 808,975 921,315

Interest and discount on real estate mortgage loans—gross. . . 291,790 340,497 396,264 1+61,769 545,841 645,592 744,303 836,515 951,952 Less: Mortgage servicing fees....................................................... 6,051 7,666 9,483 11,922 15,623 20,475 23,138 25,985 29,154 Premium amortization.............................. 6,33k 6,046 U,886 2,825 1,792 1,531 950 1,555 1,483

Interest and discount on other loans and discounts— net. .. . 3,878 4,068 5,184 6,642 7,322 8,439 10,848 11,749 12,669

Income on real estate other than bank building— net............. 163 102 77 86 - 1 7 6 31 2 - 1

Income on real estate other than bank building— gross........... 699 533 338 292 247 103 140 139 216 Less: Operating expense.............................................................. 536 431 261 206 264 97 109 137 217 Income on other assets...................... 5,052 5,833 7,171 7,746 8,171 8,328 7,898 8,384 7,486

Income from service operations............................ 4,520 4,873 6,107 7,753 7,933 8,867 12,966 11,094 11,990

Current operating expense— total.......................... 106,654 116,763 127,336 139,931 147,678 158,317 174,758 187,758 201,402 Salaries— officers......................... 18,030 19,249 21,142 22,870 24,200 25,861 28,590 30,099 32,082

Salaries and wages— employees.........

Pension, hospitalization and group insurance payments, and

37,707 40,996 44,351 48,074 50,879 53,962 58,310 61,797 64,396

other employee benefits.................................. 8,939 10,648 11,566 12,623 13,544 14,643 16,478 18,314 20,006

Bees paid to trustees and committee members........................

Occupancy, maintenance, etc. of bank premises (including

1,872 2,123 2,303 2,526 2,697 2,809 3,007 3,203 3,366

taxes and recurring depreciation) — net..............................

Occupancy, maintenance, etc. of bank premises (including

11,589 12,162 13,521 15,019 15,094 17,492 19,326 20,925 22,695

taxes and recurring depreciation)— gross........................... 18,248 19,104 20,926 22,495 22,793 25,380 27,846 30,252 32,268

Less: Income from bank building........................................... 6,659 6,942 7,405 7,476 7,699 7,888 8,520 9,327 9,573

Deposit insurance assessments................. 5,907 6,203 6,837 7,562 7,979 8,437 9,407 10,183 11,316

Furniture and fixtures (including recurring depreciation). . . . 2,280 2,387 2,445 2,755 2,790 3,058 3,251 3,501 4,445

All other current operating expense.................... 20,330 22,995 25,171 28,502 30,495 32,055 36,389 39,736 43,096

Net current operating incom e. . 407,163 451,735 519,731 581,392 654,004 740,123 851,569 961,885 1,078,945

Franchise and income taxes— total. . . . 6,094 9,189 8,569 10,643 9,047 8,955 9,060 10,342 11,649

State franchise and income taxes................. 6,094 6,962 6,459 7,231 7,818 8,321 8,972 9,831 11,172 Federal income taxes............... 2,227 2,1 10 3,412 1,229 634 88 511 477

Net current operating income after taxes............................... 401,069 442,546 511,162 570,749 644,957 731,168 842,509 951,543 1,067,296

Dividends and interest on deposits................ 282,235 365,481 414,951 466,119 536,256 609,335 716,383 812,254 897,469

Net current operating income after taxes and dividends.

Non-recurring income, realized profits and recoveries

credited to profit and loss, and transfers from valua118,834 77,065 96,211 104,630 108,701 121,833 126,126 139,289 169,827

tion adjustment provisions— total..................................... 128,790 57,917 36,962 59,228 44,430 48,192 48,148 66,160 91,205

Non-recurring income.....................................

Realized profits and recoveries on:

21,045 14,893 12,372 12,334 11,586 10,537 13,434 17,295 21,147

Securities sold or matured...................................... 8,567 5,243 5,287 23,914 18,070 17,355 16,022 30,974 39,498

Real estate mortgage loans..................................................... 484 155 783 389 481 456 259 138 192

Other real estate....................................................... 300 216 304 219 3,179 413 437 367 646

All other assets..........................................................

Transfers from valuation adjustment provisions1 on:

2,843 240 1,489 943 977 1,435 431 624 2,498

Securities............................................. 11,968 12,223 6,132 10,858 1,878 4,463 5,939 8,345 14,270

Real estate mortgage loans............... .... 80,676 24,692 9,965 8,450 7,710 12,501 10,850 8,068 12*021

Other real estate....................................................... 373 111 275 126 157 29 65 28 17

All other assets.......................................................... 2,534 144 355 1,995 392 1,003 711 321 916

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Non-recurring expense, realized losses charged to profit

and loss, and transfers to valuation adjustment pro124,491 84,023 70,507 65,050 66,385 71,580

10,645

26,991

542

83,870

12,958

35,526

1,036

179

79,852

13,699

25,056

126,876

11,385

66,875

330

24,724

25,264

179

23,804 12,156 14,279 10,087

Realized losses on:

25,875

176

28,333

152

12,773

112

21,673

636 603

20 110 39 49 101 171 191 260

200 62 106 551 823 149 191 684 440

Transfers to valuation adjustment provisions1 on:

52,574

18,580

37

14,359 10,639 12,403 10,630 16,689

16,194

46

18,062

15,236

21,946

16,733

45

30,347

16,151

40

15,474

63

17,005 20,380 19,219

11 7 42 16

2,913 4,100 2,066 4,496 3,174 153 666 895 1,048

Net additions to total surplus accounts from operations. 123,133 50,959 62,666 98,808 86,746 98,445 90,404 125,597 134,156

Memoranda

Recoveries credited to valuation adjustment provisions1

(not included in recoveries above) on:

445 135 15 220 23 1,151

268

972 571 173

274 69 33 41 50 365 14 99

1 10 39 2

105 218 1 2 24 9 5 5 37

Realized losses charged to valuation adjustment provisions1 (not included in realized losses above) on:

Securities.............................................................................................. 9,175 14,581 12,523 7,527 4,250 4,055 8,741

342

6,267

217

9,339

Real estate mortgage loans............................................................. 255 882 469 166 326 318 197

Other real estate................................................................................. 294 206 683 234 180 127 3 26

All other assets ................................................................................. 108 616 89 45 326 51 67 300 385

Average assets and liabilities2

Assets—to ta l................................................................................ 16,694,810

662,190

17,905,674 19,625,429 21,872,622 22,740,783 24,533,839

757,496

26,904,256

723,830

5,592,025

3,559,430

16,445,982

185,174

3,586

394,229

29.160.570

742,225

5,338,796

4,378,447

18,045,621

227,027

4,361

424,093

29.160.570

26,304,610

26,274,758

29,852

431,019

31.248.671

689,698

5,236,825

4,677,222

19,937,652

244,010

7,002

456,262

31.248.671

28,136,390

28,106,089

30,301

512,192

2,600,089

Cash and due from banks................................................................ 728,979 744,369 874,215 809,152

United States Government obligations....................................... 7,292,576

1,662,971

6,764,780

79,331

3,386

6,755,471

2,064,761

6,620,535 6,755,391 5,993,243 5,730,449

3,034,920

14,494,241

155,376

2,197

359,160

24,533,839

22,202,156

Other securities................................................................................. 2,591,176 3,015,662 3,008,656

Real estate mortgage loans............................................................. 8,012,488 12,467,355

85,996

9,288,364 10,802,477

Other loans and discounts............................................................... 102,768 120,350 130,165

Other real estate................................................................................ 2,675 2,432

275,785

2,957 2,019

All other assets................................................................................. 229,576

16,694,810

15,000,933

14,982,411

255,304 301,570 330,193

Liabllitiss and surplus accounts—total............................... 17,905,674

16,102,806

19,625,429

17,718,957

21,872,622

19,738,300

22,740,783

20,577,403

26,904,256

24,322,261

24,295,761

26,500

318,445

2,263,550

Total deposits....................................................................................

Savings and time deposits............................................................. 16,080,015 17,688,777 19,694,981 20,525,629 22,167,537

Demand deposits .......................................................................... 18,522 22,791 30,180 43,319 51,774 34,619

Other liabilities................................................................................... 80,463 93,253 119,359 159,912 199,228 249,779

Total surplus accounts..................................................................... 1,613,414 1,709,615 1,787,113 1,974,410 1,964,152 2,081,904 2,424,941

Number of active officers, December 31......................................... 1,714

11,530

1,810

11,932

1,908 1,999 2,042

13,618

2,130

13,860

2,239

14,590

2,356

14,925

2,504

Number of other employees, December 31 ..................................... 12,525 18,227 15,110

Numbpr of banks December 31........................................................ 202 206 219 218 220 223 239 241 268

1 Includes “Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” .

a Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1934-1950: Data for 1934-1950, which however are not comparable with figures for 1951-1959, may be found in the following Annual Reports: 1950, pp. 272-273

and 1941, p. 173.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 167

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 120. RATIOS OF INCOME, EXPENSES, AND DIVIDENDS OF INSURED MUTUAL SAVINGS BANKS, 1951-1959

Sources and disposition of income 1951 1952 1953 1954 1955 1956 1957 1958 1959

Amounts per $100 of current operating income

Current operating income—total.............................................................

Interest on U. S. Government obligations.....................................................

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

Interest and discount on real estate mortgage loans— net........................

Interest and discount on other loans and discounts— net.........................

Income on other assets........................................................................................

Income from service operations.........................................................................

$100.00

33.31

9.66

54.38

.75

1.02

.88

$100.00

28.83

11.07

57.48

.72

1.04

.86

$100.00

25.44

12.67

59.02

.80

1.12

.95

$100.00

21.61

13.34

61.97

.92

1.09

1.07

$100.00

18.79

12.37

65.92

.91

1.02

.99

$100.00

16.32

11.42

69.41

.94

.92

.99

$100.00

14.34

12.40

70.17

1.06

.77

1.26

$100.00

12.35

14.57

70.37

1.02

.73

.96

$100.00

11.43

14.10

71.96

.99

.58

.94

Current operating expense—total............................................................

Salaries— officers....................................................................................................

Salaries and wages— employees.........................................................................

Pension, hospitalization and group insurance payments, and other

employee benefits..............................................................................................

Fees paid to trustees and committee members.............................................

Occupancy, maintenance, etc. of bank premises (including taxes and

recurring depreciation)— net..........................................................................

Deposit insurance assessments..........................................................................

Furniture and fixtures (including recurring depreciation).........................

All other current operating expense.................................................................

20.76

3.51

7.34

1.74

.36

2.26

1.15

.44

3.96

20.54

3.39

7.21

1.87

.37

2.14

1.09

.42

4.05

19.68

3.27

6.85

1.79

.35

2.09

1.06

.38

3.89

19.40

3.17

6.67

1.75

.35

2.08

1.05

.38

3.95

18.42

3.02

6.35

1.69

.34

1.88

.99

.35

3.80

17.62

2.8 8

6.00

1.63

.31

1.95

.94

.34

3.57

17.03

2.79

5.68

1.60

.29

1.88

.92

.32

3.55

16.33

2.62

5.37

1.59

.28

1.82

.89

.30

3.46

15.73

2.51

5.03

1.56

.26

1.77

.88

.35

3.37

Net current operating income................................................................... 79.24 79.46 80.32 80.60 81.58 82.38 82.97 83.67 84.27

Franchise and income taxes—total..........................................................

State franchise and income taxes......................................................................

Federal income taxes............................................................................................

1.18

1.18

1.62

1.23

.39

1.32

1.00

.32

1.47

1.00

.47

1.13

.98

.15

1.00

.93

.07

.88

.87

.01

.90

.86

.04

.91

.87

.04

Net current operating income after taxes.............................................

Dividends and interest on deposits..........................................................

Net current operating income after taxes and dividends.................

78.06 77.84 79.00 79.13 80.45 81.38 82.09 82.77 83.36

54.93 64.29 64.13 64.62 66.89 67.82 69.80 70.65 70.10

23.13 13.55 14.87 14.51 13.56 13.56 12.29 12.12 13.26

168 FEDERAL DEPOSIT INSURANCE CORPORATION

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Amounts per $100 of total assets1

Current operating income— total.........................................................................

Current operating expense— total.....................................................

Net current operating income........................................................................... ’ .

State franchise and income taxes.........................................................................

Net current operating income after taxes................................................... !. .

Dividends and interest on deposits............................................................... ’ . .

Net current operating income after taxes and dividends..............................

Non-recurring income, realized profits and recoveries credited to profit and

loss, and transfers from valuation adjustment provisions2— total...........

Non-recurring expense, realized losses charged to profit and loss, and

transfers to valuation adjustment provisions2— total.................................

Net additions to total surplus accounts from operations...............................

Special ratios1

Interest on U. S. Government obligations per $100 of U. S. Government

obligations..............................................................................................................

Interest and dividends on other securities per $100 of other securities....

Interest and discount on real estate mortgage loans per $100 of real estate

mortgage loans......................................................................................................

Interest and discount on other loans and discounts per $100 of other loans

and discounts.........................................................................................................

Dividends and interest on deposits per $100 of savings and time deposits!

Net additions to total surplus accounts from operations per $100 of total

surplus accounts....................................................................................................

Assets and liabilities per $100 of total assets1

Assets— total.................................................................................

Cash and due from banks.......................................................

United States Government obligations...............................

Other securities..........................................................................

Real estate mortgage loans.....................................................

Other loans and discounts......................................................

Other real estate........................................................................

All other assets...........................................................................

Liabilities and surplus accounts— total............................

Total deposits...............................................................................

Savings and time deposits...................................................................

Demand deposits......................................................................................

Other liabilities............................................................................

Total surplus accounts..................................... #........................

Number of banks, December 31

3.08 3.17 3.30 3.30 3.53 3.66 3.81 3.94 4.10 .64 .65 .65 .64 .65 .64 .65 .64 .65 2.44 2.52 2.65 2.66 2.88 3.02 3.16 3.30 3.45 .04 .05 .05 .05 .04 .04 .03 .04 .03 2.40 2.47 2.60 2.61 2.84 2.98 3.13 3.26 3.42 1.69 2.04 2.11 2.13 2.36 2.48 2.66 2.78 2.87 .71 .43 .49 .48 .48 .50 .47 .48 .55

.77 .32 .19 .27 .19 .19 .18 .22 .29

.74 .47 .36 .30 .29 .29 .31 .27 .41 .74 .28 .32 .45 .38 .40 .34 .43 .43

2.35 2.43 2.49 2.31 2.51 2.56 2.63 2.66 2.79 2.98 3.05 3.16 3.19 3.30 3.38 3.57 3.83 3.86

4.13 4.08 4.11 4.14 4.24 4.30 4.38 4.48 4.62

4.89 4.73 5.04 5.52 5.63 5.43 5.86 5.18 5.19 1.88 2.27 2.35 2.37 2.61 2.75 2.95 3.09 3.19

7.63 2.98 3.51 5.00 4.42 4.73 3.99 5.18 5.16

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 3.97 4.07 3.79 4.00 3.56 3.09 2.69 2.55 2.21 43.68 37.73 33.74 30.88 26.36 23.36 20.78 18.31 16.76 9.96 11.53 13.20 13.79 13.23 12.37 13.23 15.01 14.97 40.52 44.75 47.33 49.39 54.82 59.08 61.13 61.88 63.80 .48 .48 .52 .55 .57 .63 .69 .78 .78 .02 .01 .01 .01 .01 .01 .01 .02 .02 1.37 1.43 1.41 1.38 1.45 1.46 1.47 1.45 1.46

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 89.85 89.93 90.28 90.24 90.49 90.50 90.40 90.20 90.04 89.74 89.80 90.13 90.04 90.26 90.36 90.30 90.10 89.94 .11 .13 .15 .20 .23 .14 .10 .10 .10 .48 .52 .61 .73 .87 1.02 1.19 1.48 1.64 9.67 9.55 9.11 9.03 8.64 8.48 8.41 8.32 8.32

202 206 219 218 220 223 239 241 268

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

2 Includes “Valuation reserves” and “ Other asset valuation provisions (direct write-downs)”

195ofppfc 274-275,:?and 1947,'?pp ^ 5 6 -1 5 ? ^ ^ 1934 ^ 1941"1950’ which however are not comparable with figures for 1951-1959, may be found in the following Annual Reports:

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS 169

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Federal Reserve Bank of St. Louis
Table 121.

Table 122. 

Table 123.

D e p o s i t I n s u r a n c e D i s b u r s e m e n t s

Depositors, deposits, and disbursements in insured banks requiring disbursements by the Federal Deposit Insurance Corporation, 1934-1959

Banks grouped by class of bank, year of deposit payoff or deposit assumption, amount of deposits, and State

Insured banks requiring disbursements by the Federal Deposit Insurance 

Corporation during 1959

Recoveries and losses by the Federal Deposit Insurance Corporation on 

principal disbursements for protection of depositors, 1934-1959

170 FEDERAL DEPOSIT INSURANCE CORPORATION

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Disbursements by the Federal Deposit Insurance Corporation to

protect depositors are made when the insured deposits of banks

in financial difficulties are paid off, or when the deposits of a failing bank are assumed by another insured bank with the financial

aid of the Corporation. In deposit payoff cases the disbursement

is the amount paid by the Corporation on insured deposits. In

deposit assumption cases the principal disbursement is the

amount loaned to failing banks, or the price paid for assets purchased from them; additional disbursements are made in those

cases as advances for protection of assets in process of liquidation and for liquidation expenses.

Noninsured bank failures

No noninsured bank failed in 1959.

For suspensions of noninsured banks in previous years see the

Annual Reports of the Corporation as follows: 1943, p. 102; 1946,

p. 167; 1947, p. 159; 1949, p. 187; 1950, p. 277; 1951, p. 187;

1952, p. 139; 1953, p. 131; 1954, p. 165; 1955, p. 161; 1956, p. 143;

1957, p. 145; and 1958, p. 223.

Sources of data

Insured banks: books of bank at date of closing; and books of

FDIC, December 31, 1958.

DEPOSIT INSURANCE DISBURSEMENTS

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T able 1 2 1 . DEPOSITORS, DEPOSITS, AND DISBURSEMENTS IN INSURED BANKS REQUIRING

D is b u r s e m e n ts by t h e F ederal D eposit In su ra n c e C orporation, 1934-1959

BANKS GROUPED BY CLASS OF BANK, YEAR OF DEPOSIT PAYOFF OR DEPOSIT ASSUMPTION, AMOUNT OF DEPOSITS, AND STATE

Classification

Number of banks Number of depositors1

Deposits1

(in thousands of dollars)

Disbursements by FDIC

(in thousands of dollars)

Total Deposit

payoff

cases

Deposit

assumption

cases

Total Deposit

payoff

cases

Deposit

assumption

cases5

Total

Deposit

payoff

cases

Deposit

assumption

cases

Principal disbursements Advances and

expenses2

Total

Deposit

payoff

cases4

Deposit

assumption

cases5

Deposit

payoff

cases6

Deposit

assumption

cases7

All banks..................................... 439 257 182 1,440,769 406,036 1,034,733 595,179 128,652 466,527 298,042 99,968 198,074 1,081 47,409

Class of bank

National banks........................ 77 24 53 306,941 62,265 244,676 125,164 25,451 99,712 57,352 18,739 38,614 202 6.194

State banks members F. R. S. 23 7 16 370,762 85,156 285,606 188,820 27,701 161,119 102,235 21,965 80,271 109 19^270

Banks not members F. R. S .. 339 226 113 763,066 258,615 504,451 281,195 75,499 205,696 138,455 59,265 79,190 770 21,945

Year8

1934............................................ 9 9 15,767 15,767 1,968 1,968 941 941 43

1935............................................ 25 24 1 44,655 32,331 12,324 13,319 9,091 4,229 8,890 6,026 2,865 108 272

1938............................................ 69 42 27 89,018 43,225 45,793 27,508 11,241 16,267 14,781 8,056 6,725 67 934

1937............................................ 75 50 25 130,387 74,148 56,239 33,349 14,960 18,389 19,160 12,045 7,116 103 905

1938............................................ 74 50 24 203,961 44,288 159,673 59,684 10,296 49,388 30,480 9,092 21,387 93 4,902

1939............................................ 60 32 28 392,718 90,169 302,549 157,772 32,738 125,034 67,770 26,196 41,574 162 17,603

1940............................................ 43 19 24 256,361 20,667 235,694 142,429 5,657 136,773 74,134 4,895 69,239 89 17,234

1941............................................ 15 8 7 73,005 38,594 34,411 29,718 14,730 14,987 23,880 12,278 11,602 50 1,478

1942............................................ 20 6 14 60,688 5,717 54,971 19,186 1,816 17,369 10,825 1,612 9,213 38 1,076

1943............................................ 5 4 1 27,371 16,917 10,454 12,525 6,637 5,888 7,172 5,500 1,672 53 72

1944............................................ 2 1 1 5,487 899 4,588 1,915 456 1,459 1,503 404 1,099 9 37

1945............................................ 1 1 12,483 12,483 5,695 5,695 1,768 1,768 96

1946............................................ 1 1 1,383 1,383 347 347 265 265 11

1947............................................ 5 5 10,637 10,637 7,040 7,040 1,724 1,724 328

1948............................................ 3 3 18,540 18,540 10,674 10,674 2,990 2,990 200

1949............................................ 4 4 5,671 5,671 5,475 5,475 2,552 2,552 166

1950............................................ 4 4 6,366 6,366 5,513 5,513 3,986 3,986 520

1951............................................ 2 2 5,276 5,276 3,408 3,408 1,885 1,885 127

1952............................................ 3 3 6,752 6,752 3,170 3,170 1,369 1,369 189

1953............................................ 2 2 24,469 24,469 18,262 18,262 5,017 5,017 428

1954............................................ 2 2 1,811 1,811 998 998 913 913 139

1955............................................ 5 4 1 17,790 8,080 9,710 11,953 6,503 5,450 6,784 4,438 2,346 105 621

1956............................................ 2 1 1 15,197 5,465 9,732 11,329 4,702 6,628 3,333 2,795 538 78 49

1957............................................ 1 1 2,338 2,338 1,163 1,163 1,031 1,031 20

1958............................................ 4 3 1 9,570 4,363 5,207 8,240 4,156 4,084 3,034 2,804 230 35 23

1959............................................ 3 3 3,068 3,068 2,538 2,538 1,856 1,856 28

Banks with deposits of—

$100,000 or less....................... 107 83 24 38,347 29,695 8,652 6,418 4,947 1,471 4,999 4,309 691 88 154

$100,000 to $250,000............. 109 86 23 83,370 65,512 17,858 17,759 13,920 3,839 12,906 11,554 1,352 209 173

$250,000 to $500,000............. 59 36 23 89,949 56,777 33,172 20,975 12,462 8,513 14,588 10,223 4,365 147 583

$500,000 to $1,000,000.......... 65 30 S5 155,281 69,635 85,646 49,170 22,382 26,788 32,545 17,688 14,857 258 2,100

$1,0 0 0,00 0 to $2 ,0 0 0 ,0 0 0 ___ 45 12 33 198,701 59,494 139,207 64,207 15,390 48,817 33,989 11,810 22,179 98 3,313

$2,000,000 to $5,000,000___ 33 8 -25 242,391 63,752 178,639 103,044 26,907 76,138 53,330 18,709 34,622 197 5,516

$5,000,000 to $10,000,000. . . 12 '* £ 190,283 190,283 77,474 77,474 26,284 26,284 5,445

$10,000,000 to $25,000,000. . 5 2 3 170,119 *61,171' 108,948 96,713 32,644 64,068 45,746 25,676 20,070 84 5,404

$25,000,000 to $50,000,000. . 4 4 272,328 272,328 159,418 159,418 73,653 73,653 24,720

172 FEDERAL DEPOSIT INSURANCE CORPORATION

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State

Alabama------

Arkansas. . .

California...

Colorado. . . .

Connecticut.

Florida. .

Georgia.

Idaho...

Illinois. .

Indiana.

Iowa.........

Kansas. . .

Kentucky.

Louisiana.

Maine. . . .

Maryland........

Massachusetts.

Michigan.........

Minnesota. . . .

Mississippi. . . .

Missouri...............

Montana..............

Nebraska.............

New Hampshire.

New Jersey.........

New York.........

North Carolina.

North Dakota..

Ohio....................

Oklahoma..........

Oregon...............

Pennsylvania...

South Carolina.

South Dakota. .

Tennessee..........

Texas................

Vermont..........

Virginia............

Washington. . .

West Virginia.

Wisconsin.

Wyoming.

12

20

7,905

4,434

7,516

10

5,379

1,642

8,386

2,451

43,291

30,006

13,665

5,145

36,139

6,087

9,710

22,567

9,046

31,663

2.650

1.651

35,958

1,500

2,661

1,780

522,564

269,621

10,408

14,103

13,751

10,795

3,439

166,894

1,848

12,515

12,358

31,498

11,057

26,041

4,179

8,346

26,898

3,212

794

3,529

4,347

10

5,379

448

7,773

2,451

5,372

12,549

1,676

2,254

18,490

6,087

6,643

* “ ’ 928

2.650

1.651

27,789

849

2,661

i03,798

28,440

3,677

6,760

7,585

5,874

1,230

43,828

403

11,412

9,993

29,970

8,687

2,964

8,346

18,739

7,111

905

3,169

1,194

613

37,919

17,457

11,989

2,891

17,649

’ 9,710

15,924

9,046

30,735

8,169

651

1,780

418,766

241,181

6,731

7,343

6,166

4,921

2,209

123,066

1,445

1,103

2,365

1,528

2,370

23,077

4,179

8,159

3,212

2,285

1,764

4,792

8

1,526

491

1,087

1,894

27,321

13,593

5,517

1,234

8,888

1,652

5,450

4,566

3,019

13,532

818

334

8,074

1,095

1,041

296

194,630

145,439

3,266

3,830

7,223

4,371

2,670

75.756

849

2,987

1,942

12,370

3,725

10.756

1,538

2,006

9,512

2,033

100

1,168

3,713

8

1,526

217

998

1,894

1,637

3,932

498

539

3,953

1,652

159

818

334

6.041

215

1.041

33,128

13,286

1,421

1,552

2,345

1,659

1,368

14,340

136

2,862

1,620

11,684

3,375

629

‘ 2,006

5,966

2,185

596

1,078

274

89

25,684

9,662

5.018

694

4,934

* 5,450

3,738

3.019

13,372

2,033

880

296

161,502

132,153

1,845

2,278

4,877

2,712

1,302

61,416

714

126

322

686

350

10,127

1,538

3,545

2,033

1,089

984

2,981

8

1,242

300

915

1,493

9,224

6,197

1,456

974

5,455

668

2,346

3,109

1,564

6,290

640

257

5,658

640

816

117

82,133

67,872

2,387

2,657

2,097

2.444

1,948

51,291

274

2,412

1,278

8,689

3.445

4,908

935

1,458

7,188

202

94

841

2,120

8

1.242

203

846

1,493

1.242

3,096

385

482

3,329

735

139

640

257

5,012

186

816

26,475

10,836

1,156

1.397

1,610

1,133

986

10,133

136

2,388

1,164

8.397

3,259

511

’ *1,458

995

144

861

7,982

3,101

1,071

492

2,126

2,346

2,374

1,564

6,150

646

453

117

55,657

57,036

1,231

1,259

488

1,311

962

41,159

138

23

114

293

186

4,396

935

2,092

202

(9)

2

17

5

85

6

20

‘ 160

32

23

24

7

44

11

75

i

26

28

(9)

183

21

91

48

138

13

33

785

384

113

72

195

621

371

1,030

756

77

21

8

20,154

10,844

179

203

37

104

81

9,520

10

9

25

44

22

505

512

384

19

Note: Due to rounding differences, components may not add to total.

1 Adjusted to December 31, 1959.

2 Excludes $89 thousand of non-recoverable insurance expenses in cases which were resolved without payment of claims or a disbursement to facilitate assumption of deposits by

another insured bank.

8 Number of deposit accounts.

4 Includes estimated additional disbursements in active cases.

5 Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.

6 These disbursements are not recoverable by the Corporation; they consist almost wholly of field payoff expenses.

7 Includes advances to protect assets and liquidation expenses of $47,206 thousand, all of which have been fully recovered by the Corporation, and $203 thousand of non-recoverable

expenses.

8 Disbursement totals for each year related to cases occurring during that year and may thus contain some amounts disbursed in subsequent years.

9 Less than $500.

DEPOSIT INSURANCE DISBURSEMENTS 173

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Table 1 2 2 . INSURED BANKS REQUIRING DISBURSEMENTS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION DURING 1S5S

Case

number Name and location Class of

bank

Number of

depositors1

Date of

closing

First payment

to depositors

Disbursement5

Receiver

Deposit

payoff

257 The Bartlett State Bank,

Bartlett, Nebraska

NM 369 May 13, 1959 June 1, 1959 $347,467 State banking authority

258 Liberal State Bank,

Liberal, Missouri

NM 1,029 June 9, 1959 June 20, 1959 $676,853 State banking authority

259 First State Bank,

Tenaha, Texas

NM 1,607 December 3, 1959 December 14, 1959 $832,177 Federal Deposit Insurance

Corporation

Assets* Liabilities and capital accounts*

Case

number Cash and

due from

banks

U. S.

Government

obligations

Other

securities

Loans,

discounts,

and

overdrafts

Banking

house,

furniture &

fixtures

Other

real

estate

Other

assets4

Total

Deposits Other

liabilities

Capital

stock

Other

capital

accounts

Total. . .

Deposit

payoff

257

258

259

$444,858 $313,341 $243,881 $1,312,720 $8,123 $535,812 $2,858,735 $2,538,083 $32 $100,000 $220,620

87,804

150,773

206,281

84.000

204,341

25.000

2,152

241,729

222,901

625,150

464,669

181

3,791

4,151

172,968

27,580

335,264

$570,006

$1,011,635

$1,277,094

503,605

924,954

1,109,524

32 25.000

35.000

40.000

41,369

51,681

127,570

1 At date of closing.

5 To December 31. 1959, plus estimated additional disbursements.

* As determined by FDIC agents after adjustment of books of bank for liabilities or overdrafts discovered subsequent to closing.

4 Includes shortage accounts of $172,968 in case number 257 and $317,949 in case number 259, reflecting adjustment for deposit liabilities not shown on the books of the banks

prior to closing.

Back figures, 19SU-1958. See Table 119, p. 168, the Annual Report for 1954, and Table 122, p. 226, the Annual Report for 1958, for data on assets and liabilities of insured banks

requiring disbursements by the Corporation.

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Table 123. R ecoveries and L osses by t h e F ederal D ep o sit In su r a n c e C orporation on

P rin c ip a l D isb u rse m e n ts fo r P ro tection o f D ep ositors, 1934-1959

(Amounts in thousands of dollars)

Liquidation

status and

year of deposit payoff

or

deposit

assumption

Total.

Status

Active.........

Terminated.

Year

193 4 

193 5 

193 6 

193 7 

193 8 

193 9 

194 0 

194 1 

194 2 

194 3 

194 4 

194 5 

194 6 

194 7 

194 8 

194 9 

195 0 

195 1 

195 2 

195 3 

195 4 

195 5 

195 6 

195 7 

195 8 

195 9 

All cases

Number

of

banks

439

32

407

Principal

disbursements

298,042

99,702

198,340

941

8,890

14,781

19,160

30,480

67,770

74,134

23,880

10,825

7,172

1,503

1,768

265

1,724

2,990

2,552

3,986

1,885

1,369

5,017

913

6,784

3,333

1,031

3,034

1,856

Recoveries

to Dec.

31, 19591

266,451

88,997

177,454

734

6,158

12,326

15,611

28,055

60,606

70,160

23,236

10,137

7,048

1,462

1,768

265

1,563

2,349

2,183

2,595

1,792

579

5,017

647

6,244

2,413

1,031

2,464

10

Estimated

additional

recoveries

3,303

3,303

21

141

47

77

6

302

620

542

1,434

28,288

7,402

20,886

207

2,712

2,455

3,550

2,425

7,156

3,833

598

688

123

40

84

641

369

1,381

5

783

260

239

300

28

413

Deposit payoff cases

Number

of

banks

257

10

247

Principal

disbursements*

99,968

11,113

88,855

941

6,026

8,056

12,045

9,092

26,196

4,895

12,278

1,612

5,500

404

4,438

2,795

1,031

2,804

1,856

Recoveries

to Dec.

31, 1959

82,490

7,875

74,616

734

4,274

6,595

9,520

7,908

20,399

4,313

12,065

1,320

5,376

363

4,028

2,125

1,031

2,428

10

Estimated

additional

recoveries

2,323

2,323

171

370

348

1,434

Losses*

15,155

916

14,239

207

1,751

1,460

2,524

1,184

5,798

582

213

292

123

40

239

300

28

413

Deposit assumption cases

Number

of

banks

182

22

160

Principal

disbursements4

198,074

88,589

109,485

2,865

6,725

7,116

21,387

41,574

69,239

11,602

9,213

1,672

1,099

1,768

265

1,724

2,990

2,552

3,986

1,885

1,369

5,017

913

2,346

538

230

Recoveries

to Dec.

31, 19591

183,961

81,122

102,838

1,883

5,730

6,090

20,147

40,208

65,848

11,171

8,816

1,672

1,099

1,768

265

1,563

2,349

2,183

2,595

1,792

579

5,017

647

2,216

288

36

Estimated

additional

recoveries

980

980

21

141

47

10

89

7

6

131

250

194

Losses1

13,133

6,486

6,647

961

995

1,025

1,241

1,358

3,251

385

84

641

369

1,381

5

783

260

Note: Due to rounding differences, components may not add to total.

1 Excludes in deposit assumption cases recovery of all advances for asset protection, totaling $32,831 thousand, and of all liquidation expenses, totaling $14,375 thousand.

* Includes estimated losses in active cases. Not adjusted for interest or allowable return, which was collected in some cases in which the disbursement was fully recovered.

* Includes estimated additional disbursements in active cases.

4 Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.

<1

C7i DEPOSIT INSURANCE DISBURSEMENTS

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I ndex

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Absorptions:

Applications to permit............................................................................ ........... 8-9

Of insured banks requiring disbursements by the Corporation. See

Banks in financial difficulties.

Of operating banks, 1934-1959................................................... ............ 11,172-173

Admission of banks to insurance:

Applications for, 1959........................................................................................... 7-8

Different methods followed................................................................................ 7

Number of banks admitted, by class of bank, 1959..................................110-111

American Institute of Banking................................................................................ 14

Applications from banks........................................................................................... 7-9

Areas outside continental United States, banks and branches located in:

Assets and liabilities, insured commercial banks, by deposit size,

June 10, 1959...........................................................................................58, 61, 73

Assets and liabilities, December 31, 1959................................................... 134-135

Deposits, December 31, 1959..........................................................126-127,134-135

Earnings, expenses, profits, and dividends, 1959.................................... 156-157

Number, June 30, 1959.....................................................................120-121,124-125

Number, December 31, 1959............................................................112,119, 126-127

Assessments for deposit insurance. See Federal Deposit Insurance

Corporation.

Assets and liabilities of closed banks. See Banks in financial difficulties.

Assets and liabilities of entire banking and currency system.....................96-100

Assets, liabilities, and capital of banks (see also Deposits) :

All banks:

Amount and changes in, selected dates, 1948-1959.............................. 91

Amounts by type and supervisory status, 1959.................................. 87-89

By FDIC district and State, December 31, 1959...................95-96,134-135

In banks grouped according to insurance status and type of bank,

June 10 and December 31, 1959........................................................130-133

Percentage changes, each year, 1948-1959............................................. 91

Ratio of capital to total assets.................................................................. 94

Commercial banks, June 10 and December 31, 1959..............................130-133

Insured banks, December 31, 1958, June 10 and December 31, 1959....136-139

Insured commercial banks:

Amount, June 10, 1959, by deposit size and State............................. 54-73

179

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Amount, December 31, 1958, June 10 and December 31, 1959____

..................................................................................................... 130-133,136-139

Average for each year, 1951-1959............................................................ 145

Average for 1959, by class of bank.................................................... ..... 149

Average for 1959, by State.......................................... 157, 159, 161, 163, 165

Distribution of banks by individual asset and liability ratios,

June 10, 1959............................................................................................... 38-44

Distribution of banks by individual ratios of selected types of

loans to total loans (gross), June 10, 1959...................................... 44-49

Distribution of banks by individual ratios of total capital accounts to selected items, June 10, 1959............................................. 52-53

Percentage distributions, average for each year, 1951-1959............ 147

Percentage distributions, average for 1959, by class of bank.......... 151

Percentage distributions, December 31, 1958, June 10 and December 31, 1959................................................................................................. 137

Percentage distributions of totals among size groups of banks,

June 30, 1954 and June 10, 1959.......................................................... 26-31

Percentage distributions within size groups, June 30, 1954 and

June 10, 1959...........................................................................................27, 31-38

Ratio of selected items to total assets, by size of bank, December

31, 1959 ......................................................................................................140-141

Insured mutual savings banks:

Amount, December 31, 1958, June 10 and December 31, 1959........136-139

Major categories, average, 1951-1959..................................................... 167

Percentage distributions, 1951-1959........................................ ......... ....... 169

Mutual savings banks, June 10 and December 31, 1959......................... 130-133

Noninsured banks, June 10 and December 31, 1959..................................130-133

Sources of data........................................................................................................11,129

State legislation ................................................................................................... 81-83

Assets and liabilities of the Federal Deposit Insurance Corporation........ 14

Assets pledged to secure bank obligations.......................................................... 139

Assets purchased by the Federal Deposit Insurance Corporation from

banks in financial difficulties. See Banks in financial difficulties.

Assumption of deposits of insured banks with financial aid of the Corporation (see also Banks in financial difficulties)...................5,172-175

Audit of the Federal Deposit Insurance Corporation.................................... 19

Bad-debt reserves. See Valuation reserves.

Bank supervision. See Supervision of banks; Examination of insured

banks.

Banking offices, number of. See Number of banks and branches.

Banking practices. See Unsafe and unsound banking practices.

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Banks, applications from, acted on by the Federal Deposit Insurance

Corporation ............................................................................................... 7-9

Banks in financial difficulties:

Insured banks requiring disbursements by the Corporation:

Assets and liabilities of, 1959.................................................... ................ 5,174

Deposit size of................................................................................................. 4,172

Deposits protected, 1934-1959..........................................................4-6,172-174

Disbursements by the Corporation, 1934-1959................ 4-7, 22n, 172-175

Loans made and assets purchased by the Corporation..................... 6

Location by State, 1934-1959....................................................................... 4,173

Losses incurred by the Corporation........................................................6-7,175

Losses incurred by depositors..................................................................... 5-6

Name and location of, 1959......................................................................... 4,174

Number of, 1934-1959.................................................................................... 4-5

Number of deposit accounts, 1934-1959.............................................5,172-174

Recoveries by the Corporation on assets acquired, 1934-1959........ 6,175

Sources of data........................................................................................................ 171

Suspensions of noninsured banks, 1934-1959.............................................110,171

Banks, number of. See Number of banks and branches.

Banks operating branches. See Number of banks and branches.

Board of Directors of the Federal Deposit Insurance Corporation. See

Federal Deposit Insurance Corporation.

Board of Governors of the Federal Reserve System................................7,129,143

Branches (see also Number of banks and branches) :

Establishment approved by Federal Deposit Insurance Corporation,

1959 .............................................................................................................. 8-9

Examination of, 1958 and 1959......................................................................... 10

Increase, branches of all banks, 1947-1959.............................................90-91,110

State legislation ................................................................................................... 80

Business and personal deposits. See Deposits (items referring to type

of account).

Call reports. See Assets, liabilities, and capital of banks; Reports from

banks.

Capital of banks. See Assets and liabilities of entire banking and currency system; Assets, liabilities, and capital of banks; Banks

in financial difficulties; Earnings and expenses of insured

commercial banks; Examination of insured banks.

Charge-offs by banks. See Earnings and expenses of insured mutual

savings banks; Earnings and expenses of insured commercial

banks; Valuation reserves.

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Class of bank, banking data presented by:

Admissions to and terminations of insurance...........................................110-111

Earnings of insured commercial banks, 1959.............................................148-149

Insured banks requiring disbursements by the Corporation, 1934-1959 172

Insured banks requiring disbursements by the Corporation, 1959........ 174

Number of banks and banking offices, 1959...............................................110-119

Number of offices of commercial banks, June 30, 1959........................... 122-123

Ratios of earnings of insured commercial banks, 1959..........................150-151

Classification of banks............................................................................... 87-88,108-109

Closed banks. See Banks in financial difficulties.

Commercial banks. See Assets, liabilities, and capital of banks; Deposits; Earnings and expenses of insured commercial banks;

Number of banks and branches.

Comptroller General of the United States.......................................................... 20

Comptroller of the Currency.......................................................................7,12,129,143

Consolidations. See Absorptions.

Coverage of deposit insurance, banks participating....3-4, 87, 110-119, 126-127

Credit, bank. See Assets, liabilities, and capital of banks.

Demand deposits. See Assets, liabilities, and capital of banks; Deposits (items referring to type of account).

Deposit insurance fund, adequacy of..................................................................... 22n

Deposits:

All banks:

By insurance status of bank and type of account, December 31,

1959 .............................................................................................................. 133

By insurance status of bank and type of account, June 10, 1959.... 131

By supervisory status and insurance status, December 31, 1959.... 89

By type of account in each State and FDIC district, December 31,

1959 ............................................................................................................134-135

By type of bank and insurance status, December 31, 1959.............. 89

By type of bank in each State and FDIC district, December 31,

1959 ............................................................................................................126-127

Percentage change, 1948-1959..................................................................... 92

Percentage change, each State and FDIC district, 1958-1959.......... 95-96

All insured banks:

By type of account, December 31, 1959................................................... 133

By type of account, December 31, 1958, June 10 and December 31,

1959 .............................................................................................................. 138

Ratios of deposit insurance fund to, 1934-1959..............................15-16, 22n

Commercial banks:

By FDIC district and State, December 31, 1959................................126-127

By type of account, December 31, 1959................................................... 133

By type of account, June 10, 1959.............................................................. 131

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Insured banks requiring disbursements by the Corporation. See

Banks in financial difficulties.

Insured commercial banks:

Amount, by type of account, December 31, 1958, June 10 and

December 31, 1959.................................................................................... 138

Distribution of banks by individual ratios of selected items to

total deposits, June 10, 1959................................................................ 49-52

Percentage distributions of totals among size groups of banks,

June 10, 1959............................................................................................... 29

Percentage distributions within size groups of banks, June 10,

1959 .............................................................................................................. 35

Insured mutual savings banks:

By FDIC district and State, December 31, 1959................................126-127

By type of account, December 31, 1958, June 10 and December 31,

1959 .............................................................................................................. 138

Interest and dividends on, 1957-1959........................................................ 102

Mutual savings banks:

By FDIC district and State, December 31, 1959................................126-127

By type of account, June 10 and December 31, 1959......................... 131,133

Noninsured banks:

By FDIC district and State, December 31, 1959................................126-127

By type of account and type of bank, June 10 and December 31,

1959 ............................................................................................................131,133

Sources of data..................................................................................................... 129

State legislation ................................................................................................... 81

Deposits, insured by FDIC, December 31, 1934-1959...................................... 16

Directors of the Federal Deposit Insurance Corporation. See Federal

Deposit Insurance Corporation.

Disbursements. See Banks in financial difficulties.

Distributions of insured commercial banks by individual asset and

liability ratios .......................................................................................... 39-41

Dividends:

To depositors in insured mutual savings banks.............. 102,104,166,168-169

To stockholders of insured commercial banks. See Earnings and

expenses of insured commercial banks.

Earnings and expenses of insured commercial banks:

Amounts of principal components:

Annually, 1951-1959 ....................................................................................144-145

By class of bank, 1959................................................................................148-149

By size of bank, 1959....................................................................................152-153

By State, 1959................................................................................................. 156-165

Charge-offs and recoveries, 1948, 1957-1959.................................. 101-102, 104

Income, sources and disposition of total, 1948, 1957-1959............ 101-102,104

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Profits, 1959 .................................................. .............................................. 103-105,145

Rate of income on assets, 1951-1959......................... 146-147,150-151,154-155

Rate of net profit on total capital accounts, 1959...................105,146,151,155

Ratios of earnings items:

Annually, 1951-1959 ....................................... ............................................146-147

By class of bank, 1959..................................................................................150-151

By size of bank...............................................................................................154-155

Ratios of expense items................................................. 146-147,150-151,154-155

Sources of data........................................................................................................ 143

Earnings and expenses of insured mutual savings banks:

Amounts of principal components, 1951-1959...........................................166-167

Income, sources and disposition of total, 1948, 1957-1959....................... 102

Rate of income on assets, 1959.......................................................................103,161

Ratios of earnings items....................................................................................168-169

Ratios of expense items....................................................................................168-169

Sources of data........................................................................................................ 143

Educational program for bank examiners. See Federal Deposit Insurance Corporation.

Employees:

Federal Deposit Insurance Corporation........................................................ 12-13

Insured commercial banks:

Average number employed per $1 million of assets, 1947-1959...... 103

Average operating earnings per employee, 1947-1959....................... 103

Number and compensation, 1947-1959...........................................103,144-145

Number and compensation, by class of bank, by size of bank, and

by State, 1959........................................................148-149,152-153,156-165

Insured mutual savings banks, number and compensation, 1951-

1959 ............................................................................................................166-167

State legislation .................................................................................................... 83-84

Examination of insured banks:

Banks examined by the Federal Deposit Insurance Corporation,

1958-1959 ...............................................................................................9-10, 87

Examination sta ff.............................................................................................vi, 13-14

Expenses of banks. See Earnings and expenses of insured commercial

banks; Earnings and expenses of insured mutual savings

banks.

Expenses of the Corporation. See Federal Deposit Insurance Corporation, income and expenses.

Failures. See Banks in financial difficulties.

Federal bank supervisory authorities..............................................................7, 87-89

Federal Deposit Insurance Act (see also Legislation relating to deposit

insurance and banking.......................... ...............................iii, 12, 17n, 77

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Federal Deposit Insurance Corporation:

Assessments on insured banks......................................................................... 16

Assets and liabilities................................................... .................................14-15, 21

Audit ......................................................................................................................... 19

Banks examined by, and submitting reports to...................................... 9-11, 87

Board of Directors, actions on applications and banking practices.... 8,11

Borrowing power ................................................................................................. 15n

Capital stock .......................................................................................................... 15n

Coverage of deposit insurance................................................................. 3-4, 87-89

Deposit insurance fund (surplus)..............................................15-17, 19, 21-22

Directors (members of the Board), 1933-1959...........................................iv-v, 12

Disbursements for protection of deposits. See Banks in financial

difficulties.

Districts .............................................................. .................................................... vi-vii

Divisions ................................................................................................................ iv-v, 13

Educational program for bank examiners................................................... 14

Employees .............................................................................................................. 12-13

Examination of banks. See Examination of insured banks.

Expenses. See Income and expenses.

Financial statements ................................ ......... .................................15, 19, 21-22

Income and expenses............................................................................................. 16-19

Insured banks requiring disbursements by. See Banks in financial

difficulties.

Liabilities ........................................................................................................ 14-15, 21

Loans to and purchase of assets from insured banks. See Banks in

financial difficulties.

Losses incurred, 1934-1959. See Banks in financial difficulties.

Methods of protecting depositors. See Banks in financial difficulties.

Organization and staff................................................................................iv-vi, 12-13

Payments to insured depositors. See Banks in financial difficulties.

Protection of depositors. See Banks in financial difficulties.

Recoveries. See Banks in financial difficulties.

Reports from banks............................................................................................... 11

Reserve for losses on assets acquired............................................................ 15

Retirement of capital stock of the Corporation........................................ 15n

Rules and regulations........................................ ............................................. 12, 79-80

Supervisory activities ..................................................................................... 7-11, 87

Federal Deposit Insurance Corporation districts, banking data classified

by:

All banks:

Assets and liabilities, December 31, 1959............................................... 134

Number and deposits, by type of bank, December 31, 1959............ 126

Percentage change in selected items, 1958 and 1959....................... 95

Federal Reserve System. See Board of Governors of the Federal

Reserve System.

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General Accounting Office........................................ ............................................... 19

Government deposits. See Assets and liabilities of entire banking and

currency system; Deposits (items referring to type of

account).

Income of insured banks. See Earnings and expenses of insured commercial banks; Earnings and expenses of insured mutual

savings banks.

Income of the Federal Deposit Insurance Corporation. See Federal

Deposit Insurance Corporation.

Insolvent banks. See Banks in financial difficulties.

Insurance of bank obligations......................................................................... 3-7, 96-97

Insurance status, banks classified by:

Assets and liabilities, December 31, 1958, June 10 and December 31,

1959 ..............................................................................87-89,130-133,136-139

Changes in number, 1959..................................................................................110-111

Deposits, June 10 and December 31, 1959..................................126-127,131,133

Number, June 30, 1959...................................................................................... 122-123

Number, December 31, 1959................................................87, 110-119, 126-127

Percentage of banks insured, by State, December 31, 1959....3-4, 87,112-119

Insured banks. See Assets, liabilities, and capital of banks; Banks in

financial difficulties; Deposits; Earnings and expenses of insured commercial banks; Earnings and expenses of insured

mutual savings banks; Number of banks and branches.

Insured commercial banks not members of the Federal Reserve System.

See Class of bank, banking data presented by.

Insured deposits. See Banks in financial difficulties; Coverage of deposit insurance, banks participating.

Insured State banks members of the Federal Reserve System. See

Class of bank, banking data presented by.

Interbank deposits. See Deposits (items referring to type of account).

Interest. See Earnings and expenses of insured commercial banks;

Earnings and expenses of insured mutual savings banks.

Investments. See Assets and liabilities of entire banking and currency

system; Assets, liabilities, and capital of banks; Assets and

liabilities of the Federal Deposit Insurance Corporation;

Banks in financial difficulties; Examination of insured banks.

Law, violations of by insured banks. See Unsafe and unsound banking

practices.

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Legislation relating to deposit insurance and banking:

Federal, enacted in 1959................................................. ...................... ......... 12, 77-80

State, enacted in 1959..................................................... ................................12, 80-84

Loans. See Assets and liabilities of entire banking and currency system; Assets, liabilities, and capital of banks; Banks in financial difficulties; Examination of insured banks.

Losses:

Of banks, charged off. See Earnings and expenses of insured commercial banks; Earnings and expenses of insured mutual

savings banks.

Of the Federal Deposit Insurance Corporation. See Federal Deposit

Insurance Corporation; Banks in financial difficulties.

Provision for, in insured commercial banks, 1950-1959.........................144-145

Mergers. See Absorptions.

Methods of tabulating banking data:

Assets and liabilities of banks............................ ............................................ 129

Deposit insurance disbursements........................................ .................. 171

Earnings, expenses, and dividends of insured banks............................... 143

Number, offices, and deposits of banks......................................................108-109

Metropolitan areas, banking data classified by. See Number of banks

and branches.

Mutual savings banks. See Assets, liabilities, and capital of banks;

Deposits; Earnings and expenses of insured mutual savings

banks; Number of banks and branches.

National banks. See Class of bank, banking data presented by.

Net assessment income credits. See Federal Deposit Insurance Corporation, assessments on insured banks.

Net earnings of insured commercial banks. See Earnings and expenses

of insured commercial banks.

Net profits of insured commercial banks. See Earnings and expenses of

insured commercial banks.

New banks. See Number of banks and branches.

Noninsured banks. See Absorptions; Admission of banks to insurance;

Assets, liabilities, and capital of banks; Banks in financial

difficulties; Classification of banks; Class of bank, banking

data presented by; Deposits; Number of banks and branches;

Reports from banks.

Number of banks and branches:

Banking offices (banks and branches):

By character of branch system, location of branch, population of

center in which located, and State, June 30, 1959.......................120-121

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By insurance status, type of bank, and State, December 31,1959..110-119

Change, each year, 1947-1959..................................................................... 92

By metropolitan areas and type of office, June 30, 1959.................124-125

By number of commercial banking offices in center in which located, type of office, insurance status, and population of

center, June 30, 1959............................................................................. 122-123

Population per banking office, 1947-1959............................................. 92

Banks:

By insurance status and type of bank, December 31, 1959............ 110,133

By insurance status and type of bank, June 10, 1959......................... 131

By insurance status, type of bank, and State, December 31,1959..112-119

By insurance status, type of bank, FDIC district and State,

December 31, 1959..................................................................................126-127

Changes during 1959, by insurance status and type of bank.......... 110

Operating branches, by character of branch system, location of

branch and population of center in which located, and State,

June 30, 1959.............................................................................................120-121

Operating branches, by insurance status and State, December 31,

1959 ............................................................................................................112-119

Operating branches, by metropolitan areas, June 30, 1959............124-125

Operating branches, by number of banking offices in center in

which located, population of center, and insurance status,

June 30, 1959...........................................................................................122-123

Branches:

By insurance status, type of bank, and State, December 31, 1959..111-119

By location of branch and by population of center in which located, and State, June 30, 1959..........................................................120-121

By metropolitan areas, June 30, 1959................................................... 124-125

By number of commercial banking offices in center in which located, insurance status, and population of center, June 30,

1959 ............................................................................................................122-123

Changes during 1959, by insurance status and type of bank.......... I l l

Changes each year, 1947-1959..................................................................... 90

Insured banks, December 31, 1958, June 10, and December 31, 1959.... 139

Insured commercial banks:

June 30, 1954 and June 10, 1959, by size of bank......................... ...... 26

December 31, 1951-1959......................................................................... ...... 145

December 31, 1959, by class, deposit size of bank, and State........

........................................................................... 149,153,157,159,161,163,165

Distributed by capital ratios and distribution of assets, December 31, 1959...............................................................................................140-141

Mutual savings banks, December 31, 1959..................................88,110,112-119

Trust companies, December 31, 1959.............................................88,110,112-119

Unit banks, by insurance status and State, December 31, 1959....88,112-119

Unit banks, by metropolitan areas, June 30, 1959....................................124-125

Unit banks, by number of banking offices in center, population of

center, and insurance status, June 30, 1959.................................. 122-123

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Obligations of banks. See Assets, liabilities, and capital of banks;

Deposits.

Officers of insured banks. See Employees.

Officers of the Federal Deposit Insurance Corporation.........................v-vi, 12-13

Operating banks. See Number of banks and branches.

Payments to depositors in closed insured banks. See Banks in financial

difficulties.

Personnel. See Employees.

Population of center, banking data classified by:

Number of commercial banks operating branches, number of

branches, and character of branch system, June 30, 1959........120-121

Number of banking offices of commercial banks, by number in center

in which located, type of office, and insurance status, June

30, 1959 ...................................................................................................122-123

Possessions, banks and branches located in. See Areas outside continental United States, banks and branches located in.

Profits. See Earnings and expenses of insured commercial banks.

Protection of depositors. See Banks in financial difficulties.

Public funds. See Deposits (items referring to type of account).

Receivership, insured banks placed in. See Banks in financial difficulties.

Recoveries:

By banks on assets charged off. See Earnings and expenses of insured commercial banks; Earnings and expenses of insured

mutual savings banks.

By the Corporation on disbursements. See Banks in financial difficulties.

Reports from banks..................................................................................................... 11

Reserves:

Of Federal Deposit Insurance Corporation, for losses on assets

acquired ..................................................................................................... 15

Of insured banks for losses on assets. See Valuation reserves.

With Federal Reserve banks. See Assets, liabilities, and capital of

banks.

Salaries and wages:

Federal Deposit Insurance Corporation........................................................ 21-22

Insured banks. See Earnings and expenses of insured commercial

banks; Earnings and expenses of insured mutual savings

banks.

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Savings and time deposits. See Deposits (items referring to type of

account).

Securities. See Assets and liabilities of entire banking and currency

system; Assets, liabilities, and capital of banks; Assets and

liabilities of the Federal Deposit Insurance Corporation;

Banks in financial difficulties.

Size of bank, data for banks classified by amount of deposits:

Assets and liabilities, insured commercial banks, 1959.......................... 153

Average capital ratios, June 30, 1954, and June 10, 1959.................... 38

Banks requiring disbursements by the Corporation, 1934-1959............ 172

Disbursements for protection of depositors, 1934-1959......................... 172

Distributions of insured commercial banks by individual asset and

liability ratios ........................................................................................... 39-41

Earnings data of insured commercial banks, 1959..................................152-153

Earnings ratios of insured commercial banks, 1959..............................154-155

Number of employees of insured commercial banks, 1959................... 153

Number of insured commercial banks, 1959.......................................... 153, 155

Number of insured commercial banks grouped by ratios of selected

items to assets, December 31, 1959................................................. 140-141

Operating ratios of insured commercial banks, 1959.............................. 105

Percentage distributions of assets and liabilities among size groups,

insured commercial banks, June 30, 1954 and June 10, 1959.... 26

Percentage distributions of assets and liabilities within size groups,

insured commercial banks, June 10, 1959........................................ 32-35

State bank supervisory authorities:

Data obtained from............................................................... ............................... 128

Number of banks supervised by....................................................................... 87

State legislation regarding.............................................................. ................. 80

State, banking data classified by:

Assets and liabilities of banks, December 31, 1959.............................. 134-135

Deposit size of bank, June 10, 1959................................................................ 58-73

Deposits of banks, by class of bank, December 31, 1959...................126-127

Disbursements, deposits, and depositors in insured banks requiring

disbursements by the Corporation, 1934-1959............................... 173

Earnings and expenses of insured commercial banks, 1959............. ...156-165

Number of commercial banks operating branches, and number of

branches, by character of branch system, location of branch

and population of center in which located, June 30, 1959........120-121

Number of banks and branches, by class of bank and type of office,

December 31, 1959................................... ............................................112-119

Number of banks, by class of bank, December 31, 1959.......................126-127

Percentage change in deposits of all banks, by FDIC district, 1958

and 1959 .................................................................................................... 95-96

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Percentage change in investments of all banks, by FDIC district,

1958 and 1959........................................................................................... 95-96

Percentage change in loans of all banks, by FDIC district, 1958 and

1959 95-96

Percentage of banks insured, December 31, 1959........................... 3-4,112-119

State banking legislation enacted in 1959................................................... ....12, 80-84

State banks members of the Federal Reserve System. See Class of bank,

banking data presented by.

State banks not members of the Federal Reserve System. See Class of

bank, banking data presented by.

Stockholders of banks, net profits available for. See Earnings and expenses of insured commercial banks.

Summary of this report............................................................................................. xv

Supervision of banks (see also Examination of insured banks):

By the Federal Deposit Insurance Corporation.......................vi, 7-11, 87-89

State legislation, 1959.......................................................................................... 80

Suspensions. See Banks in financial difficulties.

Taxes paid by insured banks. See Earnings and expenses of insured

commercial banks; Earnings and expenses of insured mutual

savings banks.

Terminations of insurance for unsafe and unsound practices....................... 10-11

Time and savings deposits. See Deposits (items referring to type of

account).

Trust companies, classification of...................................................................88,108-109

Trust powers:

Applications for ................................................................................................... 8

State legislation ................................................................................................... 83

Unit banks. See Number of banks and branches.

Unsafe and unsound banking practices................................................................ 10-11

Valuation reserves (see also Assets, liabilities, and capital of banks) :

Amounts held, December 31, 1958, June 10 and December 31, 1959....

..............................................................................................................130,132,137

Changes, 1951-1959 ........................................................................... 144-145,166-167

Violations of law or regulations, banks charged with. See Unsafe and

unsound banking practices.

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Federal Reserve Bank of St. Louis
Digitized for FRASER 

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Federal Reserve Bank of St. Louis