ANNUAL REPORT

OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION

FOR THE YEAR ENDING 

DECEMBER 31, 1936

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Federal Reserve Bank of St. Louis
LETTER OF TRANSMITTAL

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 ,

Washington, D. C., June 15, 1937.

SIR: Pursuant to the provisions of subsection (r) of section 

12B of the Federal Reserve Act, as amended, the Federal Deposit 

Insurance Corporation has the honor to submit its annual report.

Respectfully,

L e o T . C r o w l e y , Chairman.

T h e P r e s id e n t o f t h e S e n a t e

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

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Introduction.......................................................................................................................... 3

PART ONE

OPERATIONS OF THE CORPORATION DURING THE YEAR ENDING

DECEMBER 31, 1936

Operations of the Corporation......................................................................................... 7

Functions of the Federal Deposit Insurance Corporation..................................... 7

Insolvent banks closed......................................................................................................... 8

Liquidation of insured banks in receivership.............................................................. 12

Bank examinations................................................................................................................. 13

Banking practices.................................................................................................................. 16

Admissions to and terminations of insurance.............................................................. 20

Establishment of branches or additional offices......................................................... 24

Changes in capital of banks............................................................................................... 26

Assumption of uninsured deposits................................................................................... 29

Reports from banks............................................................................................................... 30

Regulations and rulings of the Corporation................................................................ 31

Legislation affecting deposit insurance.......................................................................... 31

Organization and staff.......................................................................................................... 33

Financial statement of the Corporation........................................................................ 34

CONTENTS

PART TWO

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

Summary of banking developments........................................................................................43

Commercial banking offices........................................................................................................ 43

Participation in deposit insurance...........................................................................................45

Assets and liabilities of operating insured commercial banks......................................48

Appraisal of assets of operating insured commercial banks not members of the

Federal Reserve System.......................................................................................................... 49

Capital of operating insured commercial banks................................................................. 51

Earnings of operating insured commercial banks.............................................................. 55

Insured mutual savings banks.......................................................................................... ........ 60

PART THREE

SPECIAL REPORTS

Deposits of insured banks as of May 13, 1936........................................................... 65

PART FOUR

LEGISLATION, REGULATIONS AND INSTRUCTIONS

Deposit insurance legislation............................................................................................. 81

Regulations and rulings of the Corporation................................................................ 82

Forms and instructions........................................................................................................ 93

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

Note regarding number and classification of operating banks and banking

offices....................................................................................................................................... 97

Number of banking offices.................................................................................................. 100

Note regarding deposit figures and classification of banks by amount of deposits 124

Deposits of banking offices................................................................................................. 125

Assets and liabilities of operating banks....................................................................... 134

Examiners* analysis of insured banks............................................................................ 148

Capital investment of the Reconstruction Finance Corporation........................ 162

Earnings of insured commercial banks.......................................................................... 164

Suspensions, receiverships and mergers....................................................................... 190

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vi FEDERAL DEPOSIT INSURANCE CORPORATION

LIST OF TABLES

PART ONE

OPERATIONS OF THE CORPORATION DURING THE YEAR ENDING

DECEMBER 31, 1936

Page

I n s o l v e n t B a n k s C l o s e d :

1. Deposits of insured banks placed in receivership, revised to December 31, 1936..................................................................................................... 9

2. Applications for loans to facilitate mergers of insolvent banks acted

upon by the Federal Deposit Insurance Corporation during 1935

and 1936............................................................................................................ 12

L i q u i d a t i o n o f I n s u r e d B a n k s i n R e c e i v e r s h i p :

3. Recovery on subrogated claims by Federal Deposit Insurance

Corporation to December 31, 1936........................................................ 13

B a n k i n g P r a c t i c e s :

4. Insured banks cited to supervisory authorities for unsafe or unsound banking practices or violations of law or regulations, 1936. 17

5. Unsafe and unsound banking practices and violations of law and

regulations for which 24 insured banks were cited to supervisory

authorities during 1936............................................................................... 18

A d m is s io n s t o a n d T e r m i n a t i o n s o f I n s u r a n c e :

6. Applications for admission to insurance acted upon by the Federal

Deposit Insurance Corporation during 1936, banks not members

of the Federal Reserve System................................................................ 21

7. Banks admitted to insurance during 1936................................................ 22

E s t a b l is h m e n t o f B r a n c h e s o r A d d i t i o n a l O f f i c e s :

8. Applications to establish or relocate branches acted upon by the

Federal Deposit Insurance Corporation during 1936, insured

banks not members of the Federal Reserve System....................... 24

9. Number and deposits of operating insured commercial banks establishing branches or additional offices during 1936.............................. 26

C h a n g e s i n C a p i t a l o f B a n k s :

10. Applications for retirement or reduction of capital acted upon by

the Federal Deposit Insurance Corporation during 1936, insured

banks not members of the Federal Reserve System....................... 27

O r g a n i z a t i o n a n d S t a f f :

11. Officers and employees of the Federal Deposit Insurance Corporation, December 31, 1936............................................................................ 33

F in a n c i a l S t a t e m e n t o f t h e C o r p o r a t i o n :

12. Comparative balance sheet of the Federal Deposit Insurance Corporation, December 31, 1936, and December 31, 1935.................... 36

13. Analysis of surplus account and distribution of administrative

expenses, Federal Deposit Insurance Corporation, calendar

year 1936.......................................................................................................... 37

PART TWO

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

C o m m e r c ia l B a n k i n g O f f i c e s :

14. Centers with commercial banking offices and number of operating

commercial banking offices, continental United States, December

31, 1936, grouped according to population of center and number

of commercial banking offices in center.............................................. 43

15. Number and type of operating commercial banking offices in the

United States and possessions, December 31, 1935, and December 31, 1936..................................................................................................... 44

16. Analysis of changes in number of offices of operating commercial

banks in the United States and possessions during 1936.................. 45

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Participation in D eposit Insurance:

17. Number of operating insured and noninsured commercial banking

offices in the United States and possessions, December 31, 1935,

and December 31, 1936.............................................................................. 46

18. Changes during 1936 in deposits of operating insured commercial

banks.................................................................................................................. 46

19. Admissions to and terminations of insurance during 1936................ 47

Assets and L iabilities of Operating Insured Commercial Ban k s:

20. Changes during 1936 in assets and liabilities of operating insured

commercial banks......................................................................................... 48

21. Major factors in the growth of deposits and assets of commercial

banks, 1935 and 1936................................................................................... 49

Appraisal of A ssets of Operating Insured Commercial Banks not

M embers of the Federal Reserve System:

22. Worthless and doubtful assets as of date of examination, 1933-1936,

operating insured commercial banks not members of the Federal

Reserve System grouped by amount of deposits....................... .. 50

23. Substandard assets as of date of examination in 1936, operating

insured commercial banks not members of the Federal Reserve

System grouped by amount of deposits............................................... 50

Capital of Operating Insured C ommercial Ba nk s:

24. Analysis of changes in total capital account of operating insured

commercial banks during 1936...................................................^

25. Percentage distribution of number and deposits of operating insured commercial banks according to ratio of total capital account to total deposits, December 31, 1935....................................... 52

26. Ratio of sound capital to appraised value of assets, to deposits, and

to total capital account, as of date of examination, 1933-1936,

operating insured commercial banks not members of the Federal

Reserve System.............................................................................................. 53

27. Percentage distribution of number of banks according to ratio of

sound capital to deposits as of date of examination, 1933-1936,

operating insured commercial banks not members of the Federal

Reserve System.............................................................................................. 54

28. Percentage distribution of number and deposits of banks according

to ratio of sound capital to deposits as of date of examination in

1936, operating insured commercial banks not members of the

Federal Reserve System.............................................................................. 55

Earnings of Operating Insured Commercial Bank s:

29. Earnings, expenses, and disposition of profits of operating insured

commercial banks, 1934, 1935 and 1936.............................................. 56

30. Earnings, expenses, and disposition of profits, and their relation to

total assets and to total capital account of operating insured commercial banks, 1936...................................................................................... 56

31. Distribution of number and deposits of banks according to amount

of net earnings or deficits per $100 of total assets, 1936, insured

commercial banks not members of the Federal Reserve System

operating throughout entire year............................................................ 57

32. Distribution of banks according to amount of net profits or losses

per $100 of total assets, 1936, insured commercial banks not

members of the Federal Reserve System operating throughout

entire year...................................................; .................................................. 58

33. Distribution of number of banks according to rate of net earnings

and profits, 1936, insured commercial banks not members of the

Federal Reserve System operating throughout entire year............. 59

34. Interest received on loans and on securities and paid on time deposits during 1934, 1935 and 1936, insured commercial banks

not members of the Federal Reserve System operating throughout entire year................................................................................................. 59

Insured M utual Savings Ban k s:

35. Earnings, expenses, and disposition of profits of the 56 mutual savings banks insured by the Federal Deposit Insurance Corporation, 1935 and 1936........................................................................................ 60

LIST OF TABLES vii

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viii FEDERAL DEPOSIT INSURANCE CORPORATION

PART THREE

SPECIAL REPORTS

D eposits of Insured Banks as of M ay 13, 1936: Page

36. Accounts in insured commercial banks, May 13, 1936, banks

grouped by amount of deposits............................................................... 66

37. Deposits of insured commercial banks, May 13, 1936, banks

grouped by amount of deposits............................................................... 67

38. Accounts in insured commercial banks, May 13, 1936, banks

grouped by class and by States............................................................... 68

39. Deposits of insured commercial banks, May 13, 1936, banks

grouped by class and by States............................................................... 69

40. Accounts in insured commercial banks, May 13, 1936, grouped by

type of deposit................................................................................................ 70

41. Deposits of insured commercial banks, May 13, 1936, grouped by

type of deposit................................................................................................ 71

42. Percentage distribution of types of deposits of insured commercial

banks, May 13,1936, banks grouped by amount of deposits......... 73

43. Ratio of demand and time deposits of individuals, partnerships,

and corporations to total deposits of insured commercial banks,

May 13,1936, banks grouped by class and by amount of deposits. 74

44. Percent of deposits of insured commercial banks protected by

insurance, May 13, 1936, and October 1, 1934, banks grouped by

amount of deposits....................................................................................... 75

45. Accounts in insured mutual savings banks, May 13, 1936, banks

grouped by amount of deposits and by States.................................. 76

46. Deposits of insured mutual savings banks, May 13, 1936, banks

grouped by amount of deposits and by States.................................. 77

PART FIVE

STA TISTICS OF BANKS AND DEPOSIT INSURANCE

N umber of Banking Offices:

101. Number and classification of operating banks and banking offices,

December 31, 1935, and December 31, 1936..................................... 100

102. Analysis of changes in number and classification of banks and banking offices in the United States and possessions during 1936........... 102

103. Number of operating banking offices, December 31, 1936, insured

and noninsured offices grouped by class of bank and type of

office in each State and in the possessions.......................................... 105

104. Number of operating banking offices, December 31, 1936,

insured and noninsured offices grouped by class of bank,

type of office, and amount of deposits................................................. 112

105. Number of operating commercial banks, December 31, 1936, insured and noninsured banks grouped by amount of deposits in

each State and in the possessions........................................................... 114

106. Number of operating mutual savings banks, December 31, 1936,

insured and noninsured banks grouped by amount of deposits in

each State......................................................................................................... 118

107. Number of commercial banks operating more than one office and

number of branches or additional offices operated, December 31,

1936, grouped according to character of branch system, location of branches or additional offices, population of center in

which located, and by States................................................................... 120

108. Number of operating banking offices of insured commercial banks,

December 31, 1936, grouped by amount of deposits, type of office, and population of center in which located.................................... 122

109. Number of operating banking offices of insured commercial banks,

December 31,1936, grouped according to number of commercial

banking offices in center in which located, type of office, and

population of center in which located.................................................. 123

D eposits of Banking Offices:

110. Average deposits of operating banks during 1936, insured and noninsured banks grouped by class of bank, type of bank, and

amount of deposits....................................................................................... 125

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111. Average deposits of operating banks during 1936, insured and noninsured banks grouped by class of bank in each State and in the

possessions........................................................................................................ 126

112. Average deposits of operating commercial banks during 1936, insured and noninsured banks grouped by amount of deposits in

each State and in the possessions............................................................ 128

113. Deposits of operating mutual savings banks, December 31, 1936,

insured and noninsured banks grouped by amount of deposits in

each State......................................................................................................... 132

A s s e t s a n d L i a b i l i t i e s o f O p e r a t i n g B a n k s :

114. Summary of assets and liabilities of operating commercial banks in

the United States and possessions, December 31, 1935, June 30,

1936, and December 31, 1936................................................................... 134

115. Summary of assets and liabilities of operating mutual savings

banks in the United States, December 31, 1935, June 30, 1936,

and December 31, 1936.............................................................................. 135

116. Assets and liabilities of operating insured commercial banks, call

dates, June 30, 1934, to December 31, 1936....................................... 136

117. Assets and liabilities of operating insured commercial banks not

members of the Federal Reserve System, call dates, June 30,

1934, to December 31, 1936...................................................................... 139

118. Assets and liabilities of operating insured commercial banks not

members of the Federal Reserve System, December 31, 1936,

banks grouped by amount of deposits..................................................... 142

119. Averages per bank of assets and liabilities, operating insured commercial banks not members of the Federal Reserve System,

December 31,1936, banks grouped by amount of deposits............. 144

120. Percentage distribution of assets and liabilities, operating insured

commercial banks not members of the Federal Reserve System,

December 31, 1936, banks grouped by amount of deposits......... 146

E x a m i n e r s ' A n a l y s i s o f I n s u r e d B a n k s :

121. Examiners' analysis of capital and liabilities of operating insured

commercial banks not members of the Federal Reserve System,

latest examination in 1936, banks grouped by amount of deposits

and by States.................................................................................................. 148

122. Capital ratios of operating insured commercial banks not members

of the Federal Reserve System, examinations October 1, 1933,

to December 31,1936, banks grouped by amount of deposits and

by States........................................................................................................... 150

123. Examiners’ analysis of assets of operating insured commercial

banks not members of the Federal Reserve System, latest examination in 1936, banks grouped by amount of deposits and by

States................................................................................................................. 152

124. Examiners’ analysis of assets, ratios, of operating insured commercial banks not members of the Federal Reserve System, latest

examination in 1936, banks grouped by amount of deposits and

by States........................................................................................................... 156

125. Summary of examiners' analysis of assets of operating insured

commercial banks not members of the Federal Reserve System,

examinations October 1, 1933, to December 31, 1936, banks

grouped by amount of deposits and by States..................................... 160

C a p i t a l I n v e s t m e n t o f t h e R e c o n s t r u c t io n F i n a n c e C o r p o r a t i o n :

126. Capital investment of the Reconstruction Finance Corporation

in operating insured commercial banks, December 31, 1936, by

class of bank in each State and possession......................................... 162

127. Reconstruction Finance Corporation capital disbursements and

retirements during 1936, operating insured commercial banks

not members of the Federal Reserve System, in each State and

possession.......................................................................................................... 163

LIST OF TABLES ix

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E a r n i n g s o f I n s u r e d C o m m e r c ia l B a n k s :

128. Earnings, expenses, and disposition of profits of operating insured

commercial banks, calendar years 1934,1935 and 1936................... 164

129. Earnings, expenses, and disposition of profits of operating insured

commercial banks, calendar year 1936, by class of bank.................. 165

130. Earnings, expenses, and disposition of profits of operating insured

commercial banks not members of the Federal Reserve System,

calendar years 1934, 1935 and 1936....................................................... 166

131. Earnings, expenses, and disposition of profits of insured commercial

banks not members of the Federal Reserve System, calendar

year 1936, banks operating throughout entire year grouped by

amount of deposits....................................................................................... 168

132. Averages per bank of earnings, expenses, and disposition of profits

of insured commercial banks not members of the Federal Reserve

System, calendar year 1936, banks operating throughout entire

year grouped by amount of deposits....................................................... 170

133. Earnings, expenses, and disposition of profits, ratios, of insured

commercial banks not members of the Federal Reserve System,

calendar year 1936, banks operating throughout entire year

grouped by amount of deposits............................................................... 172

134. Earnings, expenses, and disposition of profits of insured commercial

banks not members of the Federal Reserve System, calendar

year 1936, banks operating throughout entire year grouped

according to population of center in which located......................... 174

135. Earnings, expenses, and disposition of profits, ratios, of insured

commercial banks not members of the Federal Reserve System,

calendar year 1936, banks operating throughout entire year

grouped according to population of center in which located........... 176

136. Earnings, expenses, and disposition of profits of insured commercial

banks not members of the Federal Reserve System, calendar

year 1936, banks operating throughout entire year grouped

according to number of commercial banking offices in center in

which located.................................................................................................. 178

137. Earnings, expenses, and disposition of profits, ratios, of insured

commercial banks not members of the Federal Reserve System,

calendar year 1936, banks operating throughout entire year

grouped according to number of commercial banking offices in

center in which located............................................................................... 180

138. Earnings, expenses, and disposition of profits of insured commercial

banks not members of the Federal Reserve System, calendar

year 1936, banks operating throughout entire year grouped

according to rate of net earnings on total assets.............................. 182

139. Earnings, expenses, and disposition of profits, ratios, of insured

commercial banks not members of the Federal Reserve System,

calendar year 1936, banks operating throughout entire year

grouped according to rate of net earnings on total assets................. 184

140. Net current operating earnings of insured commercial banks not

members of the Federal Reserve System, calendar year 1936,

number of banks operating throughout entire year grouped

according to rate of net earnings on total assets, amount of deposits, population of center in which located, and number of

commercial banking offices in center in which located................... 186

141. Net profits before dividends of insured commercial banks not members of the Federal Reserve System, calendar year 1936, number

of banks operating throughout entire year grouped according to

rate of net profits on total assets, amount of deposits, population

of center in which located, and number of commercial banking

offices in center in which located............................................................ 187

142. Net current operating earnings of insured commercial banks not

members of the Federal Reserve System, calendar year 1936,

number of banks operating throughout entire year grouped

according to rate of net earnings and net profits on total assets,

and by significant balance sheet ratios................................................. 188

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S u s p e n s i o n s , R e c e i v e r s h i p s a n d M e r g e r s :

143. Number and deposits of banks suspending operations, 1934-1936,

grouped by year, by class of bank, by amount of deposits, and by

States.................................................................................................................. 190

144. Number and deposits of banks suspending operations, 1936,

grouped by class of bank, by amount of deposits, and by States. . 192

145. Insured banks placed in receivership, 1936................................................ 193

146. Assets of insured banks placed in receivership, 1934-1936, as shown

by books of banks at dates of suspension............................................ 194

147. Liabilities of insured banks placed in receivership, 1934-1936, as

shown by books of banks at dates of suspension.............................. 196

148. Deposits of insured banks placed in receivership, 1934-1936, revised to December 31, 1936...................................................................... 198

149. Payments to depositors of insured banks placed in receivership,

1934-1936.......................................................................................................... 200

150. Loans made to and assets purchased from banks by the Federal

Deposit Insurance Corporation, August 22,1935 to December 31,

1936..................................................................................................................... 202

LIST OP TABLES xi

CHART

Federal Deposit Insurance Corporation............ 6

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INTRODUCTION

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The Federal Deposit Insurance Corporation was created by the Banking Act of 1933, and the insurance of bank deposits under a temporary 

plan became effective January 1, 1934. A revised permanent plan 

of insurance embodied in the Banking Act of 1935 became effective on 

August 23 of that year.

Previous reports of the Federal Deposit Insurance Corporation have 

covered the inauguration of deposit insurance, the transition from the 

temporary to the permanent plan, and the activities of the Corporation 

to the end of 1935. The present report covers the activities of the 

Corporation during 1936, the first full year of operation under the revised 

law, and banking developments affecting deposit insurance during that 

year.

Part One is devoted to a discussion of the operations of the Corporation, the policies which have been followed, and the problems which 

are being encountered. Part Two covers developments in banking 

during 1936, primarily among insured banks not members of the Federal 

Reserve System. Part Three contains a special study of deposits of 

insured banks as of May 13, 1936. Part Four gives the text of legislation affecting Federal insurance of deposits enacted by Congress 

during 1936, and of regulations, rulings and instructions issued by the 

Corporation during the year. Part Five consists of statistical tables 

relating to banking and deposit insurance.

INTRODUCTION

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Federal Reserve Bank of St. Louis
PART ONE

OPERATIONS OF THE CORPORATION DURING

THE YEAR ENDING DECEMBER 31, 1936

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FEDERAL DEPOSIT INSURANCE CORPORATION

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O p e r a t io n s o f t h e C o r p o r a t io n

On December 31, 1936, the Federal Deposit Insurance Corporation 

was insuring deposits in 14,029 banks. The banks held total deposits 

of more than $50 billion to the credit of the accounts of more than 50 

million depositors. The balances to the credit of these depositors, up 

to a maximum of $5,000 for each depositor in each bank, were protected by insurance. The total volume of deposits protected by insurance at the close of the year is estimated to exceed $21 billion.

During 1936 the Corporation conducted approximately 7,900 

examinations, held numerous informal conferences with bankers and 

banking officials and took formal official action in more than 1,200 

cases involving the relation of deposit insurance and the deposit insurance law to insured banks. These activities are discussed in this 

part of the report.

F u n c t io n s 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

The activities of the Federal Deposit Insurance Corporation center 

upon three major functions: (1) payment of insured deposits in suspended insured banks; (2) liquidation of insured banks placed in 

receivership; and (3) development and maintenance of a sound 

banking situation.

The prompt payment of depositors in suspended insured banks 

and the efficient liquidation of these banks are important tasks, but 

the most vital responsibility placed by Congress upon the Corporation 

is the maintenance of a banking condition such that the public is 

adequately served and few failures occur. However, the responsibility for maintaining a sound banking situation is shared with other 

Federal and State agencies, and the powers of the Corporation are 

limited.

The powers of the Federal Deposit Insurance Corporation designed 

to aid in maintaining a sound banking situation are as follows:

1. To pass on applications for admission to insurance;

2. To pass on applications from insured State banks not members 

of the Federal Reserve System to open or relocate branches or to 

retire capital obligations;

3. To pass on proposals for the release of restricted deposits in 

insured banks, and on proposals for the assumption of deposit liabilities of noninsured banks by insured banks, or of those of insured banks 

by noninsured banks;

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8 FEDERAL DEPOSIT INSURANCE CORPORATION

4. To examine insured banks and to review reports of examination 

made by the Comptroller of the Currency and the Board of Governors 

of the Federal Reserve System;

5. To give notice to other bank supervisory authorities of the 

existence of unsafe or unsound banking practices, or of violations of 

law or regulations, by any insured bank, and to terminate the insurance of a bank which continues such practices or violations of law 

or regulations;

6. Until July 1, 1938, to make loans to banks, purchase assets 

from banks, or guarantee against loss an insured bank which assumes 

the deposit liabilities of another insured bank, when such loan, purchase or guarantee will reduce the estimated loss to the Corporation 

and will facilitate a merger or consolidation;

7. To require reports of condition from insured banks not members 

of the Federal Reserve System, and to require publication of such 

reports; and

8. To issue regulations necessary to the proper fulfillment of the 

Federal deposit insurance law.

I n s o l v e n t B a n k s C l o s e d

Insured banks suspended. During 1936 forty-one insured banks 

suspended, of which one was a national bank and the others State 

banks not members of the Federal Reserve System. All of these 

banks, and also one bank which suspended on the last day of 1935, 

were placed in receivership during the year.

The deposits of the 42 banks placed in receivership during the year 

amounted to approximately $11 million. Of these deposits, 74 percent were protected by insurance (excluding insured portions of 

secured or preferred deposits), 10 percent were protected by pledge of 

security, preferment or offset, and 16 percent were protected only by 

general claims against the assets of the banks. Of the deposits protected by general claims nearly half were in banks reorganized after 

the Banking Holiday of 1933 and under the terms of reorganization 

were not subject to withdrawal by depositors. The law specifies that 

such restricted deposits are ineligible for insurance. Depositors in 

the 42 banks numbered 41,709 of whom 41,517, or 99.5 percent, were 

fully protected with regard to their unrestricted de posits by insurance, 

security, preferment or offset.

Deposits paid by the Corporation. Insured deposits have been 

paid as rapidly as depositors have presented and proved their claims. 

By the close of the year the Corporation had paid $7 million, or 88 

percent, of the insured deposits in the banks placed in receivership 

during the year. The unpaid insured deposits consisted of unproved 

claims, and accounts of depositors who had failed to file claims. Threefourths of the insured deposits remaining unpaid were in seven banks 

closed during the last quarter of the year.

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INSOLVENT BANKS CLOSED 9

Further payments amounting to $344,000 were also made during 

the year to depositors of insured banks placed in receivership during

1934 and 1935. In these banks the insured deposits still unpaid, 

chiefly because of failure of depositors to present their claims, 

amounted to 5 percent of the total insured deposits.

The figures regarding deposits of insured banks placed in receivership are given in Table 1.

Table 1. DEPOSITS OF INSURED BANKS PLACED IN RECEIVERSHIP

REVISED TO DECEMBER 31, 1936

(Amounts in thousands of dollars)

Total

Paid by 

Dec. 31, 

19361

Unpaid on 

Dec. 31, 

1936

T otal— 42 banks placed in receivership durin g 1936 .... 11,068 8,118 2,950

Insured (excluding secured and preferred portions)........... 8,178 7,237 941

Secured, preferred, and subject to offset................................

Uninsured, unsecured, not preferred, and not subject to

1,055 721 334

offset........................................................................................... 1,835 160 1,675

T otal— 33 banks placed in receivership durin g 1934

and 1935........................................................................................ 11,044 9,338 1,706

Insured (excluding secured and preferred portions)........... 7,033 6,713 320

Secured, preferred, and subject to offset................................

Uninsured, unsecured, not preferred, and not subject to

1,864 1,699 165

offset................................................................................................ 2,147 926 1,221

includes payments made both by the Federal Deposit Insurance Corporation and by receivers. 

NOTE: More detailed figures will be found in Tables 148-49, pages 198-201.

Deposit Insurance National Banks. New national banks without 

capital and called Deposit Insurance National Banks were organized 

to pay the depositors of the 24 insured banks placed in receivership 

during the operation of the temporary insurance plan. None of these 

banks has been capitalized.

In only one case has a Deposit Insurance National Bank been 

organized to succeed an insured bank placed in receivership since the 

effective date of the Banking Act of 1935, when the organization of 

such banks was made optional with the Corporation. This bank, 

the Deposit Insurance National Bank of Bradford, Pennsylvania, 

was subsequently capitalized and chartered and on June 22, 1936, 

began business as the Citizens National Bank of Bradford, 

Pennsylvania.

Insolvent banks merged with aid of loans or purchase of

assets by the Federal Deposit Insurance Corporation. Until 

July 1,1938, the Federal Deposit Insurance Corporation is authorized 

to make loans secured by assets of insured banks provided: first, 

the loan will reduce the risk or avert a threatened loss to the Corporation; and second, the loan will facilitate a merger or consolidation of 

the borrowing bank with another insured bank. Under the same 

conditions the Corporation may purchase assets from insured banks, 

or guarantee one insured bank against potential loss from assuming

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

the liabilities and taking over the assets of another insured bank. 

These powers enable the Corporation to eliminate insolvent banks, 

and banks with impaired capital which cannot be rehabilitated, with 

smaller loss to itself and less disturbance to the communities in which 

the banks are located than would be the case if the banks suspended.

During 1936 the Corporation utilized these powers in the case of 

27 insured banks, of which 2 were national banks, 1 was a State 

bank member of the Federal Reserve System, and 24 were State banks 

not members of the Federal Reserve System. The Corporation had 

previously (in the latter part of 1935) utilized these powers in the case 

of one bank not a member of the Federal Reserve System. In 15 of 

the 28 cases loans were extended, in 12 cases loans were made and 

assets also purchased, while in 1 case assets were purchased. The 

total amount of the loans and purchases in the 28 banks amounted 

to $9,593,000 of which $8,526,000 was in the form of loans and 

$1,067,000 in the form of purchase of assets. The estimated recoverable amount of these loans and purchases is $5,600,000 or 58 

percent. The receipts in connection therewith to December 31, 1936, 

amounted to $2,164,000, which is about 39 percent of the estimated 

recoverable amount.

Inasmuch as the loans are made to and the assets purchased from 

distressed banks to facilitate mergers which could not otherwise be 

consummated, the assets purchased and accepted as collateral against 

the loans are those unacceptable to the absorbing bank. As a consequence the assets are of poor quality and more difficult to realize 

upon than are the bulk of those to be found in banks placed in receivership.

The deposits of the 28 banks merged with the aid of loans or 

purchase of assets by the Corporation amounted to $21 million, of 

which nearly $16 million were insured and would have been paid by 

the Corporation had the banks been placed in receivership. The 

loss which it is estimated will be taken by the Corporation on the 

loans and assets purchased is about $4 million, or approximately 

one-fourth of the amount of the deposits protected by insurance. 

The loss is smaller than would have been incurred had the banks 

suspended and been placed in receivership.

Of the 28 insolvent banks merged with the aid of loans or purchase 

of assets by the Corporation, 16 were merged with other operating 

insured banks and 4 were absorbed by new banks organized in the 

same communities. Of the remaining banks, 5 were consolidated 

under a single new charter in one case and 3 in another case. One 

of the banks, after assumption of its deposit liabilities by another 

bank, has continued in operation as a noninsured trust company but 

does not accept deposits.

Insolvent insured banks merged with aid of loans from the

Reconstruction Finance Corporation. In addition to the banks 

merged with the aid of loans from the Federal Deposit Insurance 

Corporation, three insured banks were absorbed by operating banks

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INSOLVENT BANKS CLOSED 11

with the aid of loans made by the Reconstruction Finance Corporation. In these cases the Federal Deposit Insurance Corporation had 

agreed to make loans in amounts sufficient to cover the difference 

between deposit liabilities of the absorbed banks and the assets 

acceptable to the absorbing banks, but the Reconstruction Finance 

Corporation held capital obligations of these banks, and preferred 

to extend loans sufficient to retire those obligations and cover the 

deficiency of assets acquired by the absorbing banks. Of the three 

banks, one was a national bank and the other two were State banks 

not members of the Federal Reserve System.

Other mergers and liquidations of insolvent banks and of

banks in a weakened condition. The practice of merging a bank 

in financial difficulties with an operating bank has long been customary whenever such a merger could be arranged. During 1936 

in addition to those merged with the aid of loans from the Federal 

Deposit Insurance Corporation and the Reconstruction Finance 

Corporation, 45 insured banks not members of the Federal Reserve 

System which were in financial difficulties were merged with operating 

banks, 15 were liquidated without being absorbed and without loss 

to depositors or to the Federal Deposit Insurance Corporation, and 

6 were succeeded by newly organized banks.

In a few cases involving absorptions some of the stockholders 

supplied in cash or by guarantee sufficient funds to meet the difference 

between the deposit liabilities of the absorbed bank and the assets 

acceptable to the absorbing bank. In most of the cases the absorbed 

or liquidated banks had sufficient acceptable assets to meet their 

deposit liabilities. The earnings of these banks, however, had been 

negligible for several years, prospects were poor, and continued 

operation would have dissipated the stockholders' remaining equities.

The Federal Deposit Insurance Corporation has not compiled data 

regarding the number of national or State banks members of the 

Federal Reserve System which were insolvent or approaching insolvency and were merged with other banks members of the Federal 

Reserve System. In five cases in which such banks were absorbed 

or succeeded by insured banks not members of the Federal Reserve 

System the outgoing banks were in a weakened condition.

Proposals for loans to insolvent banks disapproved or not

consummated. In addition to those cases in which loans were 

made by this Corporation or by the Reconstruction Finance Corporation, the Federal Deposit Insurance Corporation took action 

during the year regarding loans in the case of 15 insolvent banks. 

In about half of these cases applications for loans were declined, 

chiefly on the ground that the estimated losses to the Corporation 

would not be reduced by making the loans instead of by paying off 

the insured deposits if the banks were placed in receivership. The 

other cases were chiefly those in which the banks were unable or 

unwilling to meet the conditions required by the Corporation in the 

event a loan were made.

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12 FEDERAL DEPOSIT INSURANCE CORPORATION

A summary of the actions of the Corporation regarding loans to 

facilitate mergers of insolvent banks, and of the disposition of these 

banks, will be found in Table 2.

Table 2. APPLICATIONS FOR L oans TO FACILITATE MERGERS OF INSOLVENT

B a n k s A cted U pon b y th e F e d er a l D eposit I nsu ra n c e C orporation

D u rin g 1935 a n d 1936

Disposition of bank

Character of action by Federal 

Deposit Insurance Corporation

Total

Merged 

with existing or newly 

organized 

banks

Suspended

during

1936

In operation 

Dec. 31, 

1936

T otal n u m b er o f cases acted u p o n .............................. 46 31 4 11

In 1936...................................................................................

In 19S5..................................................................................

U

2

29

2

A 11

Loans approved and disbursed........................................ 28 28

Loans approved but not made (loans granted by Reconstruction Finance Corporation)............................ 3 3

Loans approved but not disbursed by December 31, 

1936.................................................................................. 3 3

Loan approved, and approval rescinded...................... 1 1

Commitment made for loans............................................ 3 2 1

Applications received and declined................................. 8 2 6

N OTE: More detailed figures regarding loans disbursed and purchases made will be found in 

Table 150, pages 202-03.

L iq u i d a t i o n o f I n s u r e d B a n k s i n R e c e i v e r s h i p

The Corporation as receiver of insured banks. At the close of 

the year the Corporation was acting as receiver of 14 banks. Of these 

banks, 6 were national and 8 were State banks. Under the law the 

Corporation is receiver of suspended insured national banks. The 

Corporation acts as receiver of suspended insured State banks when 

appointed by the proper State authority. There are 30 States in which 

appointment of the Corporation as receiver is either mandatory or 

permissive. In 7 of these States the law existing at the inception of 

Federal insurance of deposits was sufficiently broad to permit of such 

appointment; and in the other 23 States the laws were amended.

The powers and rights of the Corporation as receiver are governed 

by the laws obtaining in the various jurisdictions, and, in most cases, 

all transactions are submitted to the appropriate courts for final approval. The provisions of the law relating to bank receiverships have not 

been clarified to meet the changed conditions occasioned by the 

Federal deposit insurance law. As a consequence, there has been some 

duplication of authority and action which is being eliminated as rapidly as possible.

As principal creditor by assignment the Corporation maintains close 

contact with the receivers of the suspended insured banks for which the 

Corporation has not been appointed receiver and assists in every way 

possible in prompt and efficient liquidation of these banks.

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LIQUIDATION OF INSURED BANKS IN RECEIVERSHIP 13

Recoveries from banks in receivership. Dividends received by 

the Corporation to December 31, 1936, from the liquidation of the 75 

suspended insured banks in receivership amounted to $3.5 million. It 

is anticipated that further payments will be received from practically 

all banks except those which have paid the Corporation's claims in 

full, and that total recoveries of the Corporation on its subrogated 

claims will amount to $11.6 million, or 76 percent of the total of such 

claims. Up to the close of 1936, the Corporation had received practically 100 percent in dividends from five and no dividends from seven 

of the 33 insured banks placed in receivership during 1934 and 1935. 

More detailed figures are shown in Table 3. The small percentage of 

recoveries from the banks placed in receivership during 1936 reflects 

chiefly the short period of time in which the banks had been in liquidation.

Liquidation of the banks in receivership has proceeded more rapidly 

than indicated by the figures of dividends received by the Corporation. 

A lag occurs between collections on the bank's assets made by the 

receiver and the payment of dividends by the receiver to the creditors 

of the bank, since the receiver accumulates the funds collected until 

they are sufficient to permit of a fairly substantial disbursement to the 

creditors. To do otherwise would tend to increase materially the costs 

of receivership and reduce the amount available for payment to creditors.

Table 3. RECOVERY ON SUBROGATED CLAIMS BY FEDERAL DEPOSIT INSURANCE

C o r p o r a t i o n t o D e c e m b e r 31, 1936

Number of banks placed 

in receivership during—

1936 1934-1935

All b a n k s...................................................................................................................... 42 33

Banks show ing recovery o f—

100 percent............................................................................................................... 0 5

75 to 99 percent....................................................................................................... 3 4

50 to 74 percent....................................................................................................... 3 8

25 to 49 percent....................................................................................................... 3 4

1 to 24 percent......................................................................................................... 5 5

No recovery.............................................................................................................. 28 7

B a n k E x a m i n a t i o n s

Policy and program. The Federal Deposit Insurance Corporation makes regular examinations of insured banks not members of the 

Federal Reserve System. The Corporation, with the consent of the 

Comptroller of the Currency, may conduct examinations of insured 

national banks, and, with the consent of the Board of Governors of 

the Federal Reserve System, may conduct examinations of State banks 

members of the Federal Reserve System. The Corporation also 

has authority to review the examinations of insured banks members of 

the Federal Reserve System made by the Comptroller of the Currency, 

the Board of Governors of the Federal Reserve System and any 

Federal Reserve bank.

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14 FEDERAL DEPOSIT INSURANCE CORPORATION

In 1933 and 1934 the Corporation was faced with the emergency 

tasks of examining for insurance more than 7,000 banks not members of 

the Federal Reserve System and of assisting in the rehabilitation of 

nearly 2,000 of those banks. In 1935 and 1936 the Corporation was 

able to devote attention to the development of its permanent examination procedures and policies and to the more effective discharge of the 

general responsibilities for the maintenance of a sound banking structure placed upon it by the deposit insurance law. In 1935 the policy 

was instituted of examining each insured bank not a member of the 

Federal Reserve System once each year, and of making such additional 

and special examinations as were required for the proper administration of the deposit insurance law. The policy was initiated during 

1936 of reviewing examinations of insured national banks made by the 

Comptroller of the Currency and of insured State banks members of 

the Federal Reserve System made by the Board of Governors of the 

Federal Reserve System and the Federal Reserve banks.

Number of examinations made. During the year the Corporation conducted 7,900 bank examinations. This number includes

7,600 regular examinations of insured banks not members of the Federal Reserve System, more than 100 second examinations of such banks, 

more than 100 examinations and investigations of banks applying for 

admission to insurance and a number of special examinations in 

connection with the extension of loans to and purchase of assets from 

banks and for other purposes. The Corporation has made no examinations of national banks or of State banks members of the Federal 

Reserve System except in special cases such as national banks contemplating conversion into insured State banks not members of the 

Federal Reserve System, State banks contemplating withdrawal from 

the Federal Reserve System and applying for insurance as banks not 

members of the Federal Reserve System, or in connection with the 

extension of loans and purchase of assets.

Examination procedure. Few changes were made in examination procedure during the year. The form of report of examination, 

and the form used in summarizing the results of each examination, 

were revised. The policy of holding examiners’ conferences, initiated 

in 1935, was continued in 1936. Selected examiners engaged in 

consultations with officers and directors of banks in difficulties.

The Corporation has continued its policy of selecting examiners 

and assistant examiners on the basis of merit. Applicants for appointment as assistant examiners are given examinations to determine 

their fitness for the positions sought. Candidates for appointment 

to the position of examiner are selected from those who have demonstrated exceptional ability in the field, the selections being made 

almost entirely from the staff of the Corporation. All candidates for 

the position of examiner are required to pass a written examination 

before becoming eligible for appointment.

Purposes of bank examination. The bank examination is the 

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Federal Reserve Bank of St. Louis
BANK EXAMINATIONS 15

formation derived from examinations forms the basis for most of 

the decisions of the Corporation with respect to individual banks. 

The most important purposes of bank examinations are: (1) to determine through appraisal of assets the net worth or sound capital of 

a bank and the protection afforded depositors or other creditors 

thereby; (2) to determine the quality of the assets of the bank, 

particularly the amount of substandard assets; (3) to ascertain the 

existence of practices which are likely to lead to financial difficulties 

or are otherwise unsafe or unsound; (4) to appraise the calibre of the 

bank's management; and (5) to ascertain the existence of irregularities 

and violations of law.

Appraisal of the bank's assets is a major task of an examination. 

The examiner ascertains the value of the bank's assets and classifies 

them as to quality. Undesirable or hazardous assets are listed and 

discussed with the bank's officers and directors. Worthless and 

doubtful assets are deducted from, and the determinable sound banking value of assets not shown on the books added to, both the assets 

and the capital account in order to ascertain the net or true asset 

position and the net worth or sound capital of the bank respectively.

The examiners of the Corporation endeavor to induce bankers to 

carry assets on their books at sound values and to charge off losses as 

they occur. Such a procedure will result in a published statement of 

condition which will present to the public a more accurate picture of 

the value of the assets behind the bank's liabilities. It impresses upon 

the bankers concerned the realization of the true net worth of their 

investment and of the extent to which economic difficulties and bad 

judgment have resulted in losses, and prevents weakening of the bank's 

capital by payment of excessive dividends. The Corporation recognizes that a reasonable return on investment in bank capital is 

essential for the attraction of adequate capital, but it also insists that 

the maintenance of an adequate capital cushion is essential for the 

safety of depositors and that that safety must not be sacrificed for 

the sake of excessive or unearned dividends. Action taken by the 

Corporation with regard to banks with inadequate capital is discussed 

on pages 27 to 29.

Practices deemed by the Corporation to be unsound are called to 

the attention of the officers and directors of the bank by the examiner 

and an effort is made to secure their correction. If the practices persist the examiner or his supervisor discusses the matter informally with 

the proper supervisory authority to obtain the cooperation of that 

authority in correcting the practices. Only when informal efforts are 

unsuccessful is formal action taken by the Corporation to secure 

correction, or, failing in that, to terminate the insurance of the bank. 

In most cases personal and informal discussion has resulted in correction or elimination of the criticized practices. The Corporation 

has been compelled to take formal action in only a few cases. The 

formal actions of the Corporation with regard to cases of unsafe and 

unsound practices are discussed in detail in the next section.

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16 FEDERAL DEPOSIT INSURANCE CORPORATION

The Corporation recognizes that the selection of managerial officials 

is a prime function of the owners of banks. However, in cases where 

the management is of such a character as to subject depositors and 

this Corporation to undue risk, it is the duty of bank examiners to 

call the situation to the attention of the directors and to attempt to 

secure the appointment of more competent officials. The Corporation is directing its efforts toward securing good management for 

all insured banks.

Fraud or defalcation on the part of bankers is responsible for a 

relatively large proportion of bank failures during periods of recovery 

and prosperity. It is also during such periods that many of the defalcations are begun which come to light later in times of strain. While 

the Corporation in making an examination does not audit the affairs of 

a bank unless irregularities are suspected, the examination does occasionally uncover defalcations. The detection of defalcations and other 

irregularities is useful, not only as a protection to depositors and this 

Corporation from possible ultimate loss, but also as a service to bank 

stockholders, particularly in the case of small banks unable to provide 

adequate safeguards in the handling of cash and securities. The value 

of this aspect of examinations is greater than is indicated by the irregularities actually discovered, since a knowledge that the examinations are made undoubtedly inhibits many potential defaulters.

Violations of law, regulations, orders or rulings are called to the 

attention of officers and directors of the bank and to the supervisory 

or regulatory authorities responsible for their enforcement.

B a n k i n g P r a c t ic e s

Action on unsafe and unsound practices and violations of

law or regulations. The Federal Deposit Insurance Corporation 

is authorized to terminate the insured status of any bank which continues to engage in unsafe or unsound practices or violations of law 

or regulations. The procedure followed in these cases, as specified 

in the deposit insurance law and as developed in practice, is as follows: 

(1) the proper bank supervisory authority (Comptroller of the Currency in the case of a national bank, or of any other bank in the 

District of Columbia, the State banking authority in the case of a 

State bank, or the Board of Governors of the Federal Reserve System 

in the case of a State bank member of that system) is notified of the 

existence of such practices or violations; (2) the bank is allowed 120 

days, or such shorter period as may be specified by the appropriate 

supervisory authority, in which to correct the practices or violations 

in question; (3) after the close of the period specified the bank is reexamined to determine the extent to which the practices or violations 

have been corrected; (4) if the practices or violations have not been 

corrected the bank is notified of the intention of the Corporation to 

terminate its insured status after 30 or more days and a time and place 

for a hearing is designated; (5) a hearing is held by the Board of Directors of the Corporation, or by a designated representative, at which

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BANKING PRACTICES 17

the bank may appear, to consider the evidence; and (6) if the evidence 

shows that the practices or violations exist and are continuing, an 

order is issued terminating the insured status of the bank.

During 1936 the Corporation notified the appropriate bank supervisory authorities of the continuance of unsafe or unsound practices 

or of violations of law or regulations in the case of 24 insured banks. 

In three cases the practices or violations had been corrected by the 

close of the year. In three other cases the banks had been notified 

of the intention of the Corporation to terminate their insured status 

and dates had been set for hearings. In eight cases the 120-day 

waiting period had expired and further action by the Corporation was 

pending. In five cases the 120-day waiting period had not expired, 

and in five other cases the banks had suspended or had been absorbed 

by other banks. Up to the close of 1936, the Corporation issued no 

order terminating the insurance of a bank by reason of the existence 

of unsafe or unsound practices or of violations of law or regulations. 

Further details regarding these cases will be found in Table 4.

Table 4. INSURED BANKS ClTED TO SUPERVISORY AUTHORITIES FOR UNSAFE OR

U nsound B a n k in g P ractices or V iolatio ns of L a w or R eg u la tio n s, 1936

Number of 

cases

T otal ca ses............................................................................................................................................ 24

Status on D ecem ber 31, 1936:

Correction m ade............................................................................................................................... 3

Bank closed........................................................................................................................................ 4

Bank absorbed by another bank.................................................................................................. 1

120-day correction period expired:

Bank notified of intention to terminate its insured status and date set for hearing. . 3

Action awaiting results of reexamination............................................................................... 3

Action deferred because of change of bank management and partial correction......... 3

Action otherwise deferred........................................................................................................... 2

120-day correction period not yet expired................................................................................. 5

Character of unsafe and unsound practices and violations of

law or regulations leading to Corporation action. Most of the 

banks cited for unsafe or unsound practices or violations of law or 

regulations have been engaged not merely in one but in many such 

practices and violations. In practically all such cases the statements 

sent to bank supervisory authorities have enumerated various general 

criticisms of managerial policy, such as “poor credit and collection 

policy,, in addition to specific unsound practices or violations of law.

The most common types of unsafe and unsound practices specified 

in notices to supervisory authorities were as follows: (a) operation with 

inadequate capital; (b) excessive extension of credit to officers or directors; (c) other unduly hazardous or illegal extensions of credit; (d) 

holding of excessive volume of hazardous assets; (e) inadequate credit 

information and absence of financial statements of borrowers; (f) 

carrying of losses among assets; (g) operation with dishonest, incompetent or careless management.

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18 FEDERAL DEPOSIT INSURANCE CORPORATION

T a b le 5. U n s a f e a n d U n s o u n d B a n k i n g P r a c t ic e s a n d V i o l a t i o n s o f

L a w a n d R e g u l a t i o n s f o r W h ic h 24 I n s u r e d B a n k s w e r e C it e d

t o S u p e r v i s o r y A u t h o r i t i e s D u r i n g 193 6

Number 

of banks 

cited

C apital:

Operation without capital or when insolvent.............................................................................. 4

Operation with impaired capital..................................................................................................... 13

Unauthorized reduction of capital.................................................................................................. 1

C haracter o f loans and in vestm en ts:

Lax loan, or loan and investment, policies................................................................................... 17

Excessive credit to officers or directors......................................................................................... 10

Excessive credit to other favored borrowers................................................................................ 2

Unwarranted credit extension to persons on whom losses had previously been sustained

or on lines previously criticized by examiners........................................................................ 3

Credit in excess of good banking practices................................................................................... 2

Excessive credit extension through overdrafts............................................................................ 5

Unwarranted increase in loans and discounts.............................................................................. 1

Purchase of or loans upon speculative securities........................................................................ 3

Abnormal volume of substandard loans or securities................................................................ 11

Abnormal volume of non-income-producing loans...................................................................... 6

Abnormal volume of real estate or real estate loans likely to be defaulted......................... 4

Inadequate collateral for loans........................................................................................................ 4

C ollection p o lic y :

Lax collection policy........................................................................................................................... 13

Abnormal volume of past-due loans............................................................................................... 9

Failure to give necessary attention to loans of questionable value to prevent them from

developing into losses.................................................................................................................... 2

Failure to reduce excessive lines...................................................................................................... 1

Failure to reduce excessive credit to officers................................................................................ 1

Failure to renew loans properly...................................................................................................... 4

C redit records:

Inadequate credit information and absence of financial statements of borrowers............... 15

Failure to secure up-to-date information before renewing loans............................................ 1

Inadequate evidence supporting acquisition of real estate....................................................... 2

Failure to record mortgages or deeds on real estate.................................................................. 3

C haracter o f m an agem en t:

Failure of directors to care properly for interests of bank....................................................... 11

Failure of cashier or managing officers to care properly for interests of bank.................... 6

Failure of directors to attend meetings of board regularly...................................................... 1

Failure of officers to call annual meetings of stockholders and to cause election of legally

constituted board of directors.................................................................................................... 1

Continued employment of incompetent cashier........................................................................... 1

Failure of cashier to obey board of directors............................................................................... 1

Attempt to deceive bank examiners............................................................................................... 3

Disregard of recommendations of examiners............................................................................... 7

Violation of bank’s by-laws........................................................................................................ 2

Dishonest replies to questionnaires from Federal Deposit Insurance Corporation............ 2

Withdrawal of cash or use of bank funds by officers................................................................. 3

B ookkeeping and general re co rd s:

Inclusion of losses among assets...................................................................................................... 11

Replacement in assets of bank of charged off losses.................................................................. 2

Inadequate records, or records not up-to-date............................................................................ 6

Failure to credit interest payments................................................................................................ 1

Failure properly to record renewal of loans in minutes of meeting of board of directors. . 1

M iscellaneou s p olicies:

Continuous borrowing by bank....................................................................................................... 2

Carrying of an unwarranted amount of public funds on deposit in proportion to quick

assets.................................................................................................................................................. 2

Inadequate surety coverage.............................................................................................................. 4

Improper disbursements for salaries or fees................................................................................. 3

Improper disbursements for dividends........................................................................................... 1

Improper transactions in earnings and reserve accounts.......................................................... 1

Waiving and rebating of interest on loans................................................................................... 1

Unauthorized payment of dividends on stock to certain stockholders, disguised as salaries 1

V iolations o f law and regu lation s:

Making loans when capital and reserves are impaired............................................................. 1

Credit extension in excess of legal lim it........................................................................................ 13

Loans on real estate not complying with State law................................................................... 1

Failure to maintain legally required reserves.............................................................................. ...................1

Failure of directors to make examination of bank as required by State law..................... 2

Failure to bond officers as required by law.................................................................................. ...................1

Violation of regulation of Federal Deposit Insurance Corporation regarding payment of

interest............................................................................................................................................... 3

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BANKING PRACTICES 19

A more detailed list of the unsafe and unsound practices and violations of law or regulations for which banks were reported to supervisory authorities, will be found in Table 5.

Unsound practices with regard to purchase and sale of securities. The Corporation has been viewing with concern the prevalence of speculative practices by banks in handling their investments. 

Over the past two or three years many banks to an increasing extent 

have been buying securities with a view to obtaining profits from a 

rise in the prices of those securities, rather than with a view to obtaining reasonable earnings over a period of time. When a bank 

buys securities with the primary intention of selling them again at 

higher prices that bank is speculating. Dealing in high grade securities does not alter the essential speculative nature of the transaction.

Banks should be managed as institutions of loan and investment 

rather than as institutions of speculation. Securities should be 

bought not for trading purpose but for sound investment. Purchases 

should be made in the light of the bank's requirements. A proper 

distribution of types and maturities should be maintained so as to 

keep the bank's portfolio turning over in such a way as to reduce to 

a minimum the possible necessity of liquidation at depressed prices.

The banks constitute one of the most important groups of investors 

in the bond market. As a group they cannot get in and out of the 

investment market without completely disrupting that market. As a 

consequence they cannot speculate in securities without undermining 

the soundness of the financial structure of the entire country. Speculation by banks in securities leads to recurrent waves of buying and 

selling which disrupt the price structure, and interfere with the flotation of capital issues essential to the maintenance of a growing 

industrial economy.

Over the past few years some banks have been using profits secured 

from speculation in securities to pay dividends and to retire preferred 

stock without making adequate provision for possible future depreciation in the securities purchased by them at high levels of prices. So 

long as banks speculate in securities they can expect at some time to 

incur losses. The Corporation insists that insured banks should make 

provision for any depreciation or losses that may occur. To fail to 

make such provision is to engage in an unsound banking practice and 

to continue such a practice may constitute grounds for the termination 

of the insurance of an insured bank.

Accumulation by banks of substandard assets. Examinations 

of insured banks not members of the Federal Reserve System during 

1936 revealed that of their holdings of securities other than those 

issued by or fully guaranteed by the United States Government 

approximately 25 percent were of substandard quality, and that of 

their loans approximately 21 percent were substandard.1 The volume

^Substandard securities include the appraised values of bonds below the fourth high rating by a

recognized service, or its equivalent, of stocks, of defaulted securities, and of other bonds not rated but 

considered by examiners to be hazardous. Substandard loans are those which are considered to be 

hazardous and are undesirable for a bank to hold; in an examination they carry the technical designation 

“ Slow.”

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20 FEDERAL DEPOSIT INSURANCE CORPORATION

of both substandard securities and substandard loans and their proportion to total loans and total securities were smaller in 1936 than in

1935. Banks with deposits of less than $500,000, however, increased 

their holdings of substandard securities. The large banks, particularly those in the important financial centers, reduced their holdings 

of substandard securities.

The increase in the holdings of substandard securities by the small 

banks reflected in part increases in market value, in part purchases for 

the purpose of obtaining high yields and market profits, and in part 

lack of proper knowledge or advice regarding good bond investments. 

Sound banking practice calls for the purchase of only high grade 

securities which offer a minimum risk of default. In the past, 

investment in substandard securities has been an important factor in 

failure of banks.

One of the major tasks of the Corporation is to discourage the accumulation by banks of hazardous assets. The Corporation does not 

exercise and does not wish to exercise detailed control over the assets 

of banks. It is concerned only with the maintenance of reasonable 

standards of soundness. It endeavors to secure adherence to those 

few simple rules regarding the purchase of securities, the making of 

loans, investment in bank buildings and equipment, and holdings of 

real estate, which have always had the support of most bankers. 

Outstanding loans of a hazardous nature should be collected at the 

earliest opportunity and every effort should be made to avoid such 

loans in the future. Banks should buy only high grade securities. 

Investment in bank buildings and equipment should be at the minimum compatible with efficient bank operations. During the past 

several years many of the banks, through foreclosure, have acquired 

considerable volumes of real estate which, due to the demoralized 

state of the real estate markets, it was not expedient to dispose of 

immediately. Sound banking practice requires the disposal of such 

real estate as active markets develop. Banks should not speculate 

in real estate any more than in securities or other assets.

A d m is s io n s t o a n d T e r m in a t io n s o f I n s u r a n c e

Applications approved and rejected. During 1936 approximately 133 formal applications were received from State banks not members of the Federal Reserve System for admission to insurance and 

58 such applications were pending at the beginning of the year. Of 

these 191 applications 124 were approved and 42 were disapproved. 

The remainder had been withdrawn or were pending at the close of 

the year. Only 106 of the banks approved for insurance were actually 

admitted during 1936. The remainder had not opened for business 

or had not met the conditions of approval by the close of the year. 

Table 6 shows the number of applications for insurance acted upon 

by the Corporation, the disposition made of those applications, the 

character of the institutions involved and the status as of the close 

of the year of the institutions whose applications were rejected.

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Federal Reserve Bank of St. Louis
ADMISSIONS TO AND TERMINATIONS OF INSURANCE 21

Automatic admissions to insurance. Banks in the continental 

United States granted national charters and authorized to open for 

business by the Comptroller of the Currency, State banks admitted to membership in the Federal Reserve System, and national 

banks in the possessions applying for insurance and certified by the 

Comptroller of the Currency as to ability to qualify for insurance, 

are automatically admitted. Applications for national bank charters 

and applications of noninsured banks for admission to Federal Reserve membership, however, are referred to the Federal Deposit 

Insurance Corporation for an opinion as to whether the banks should 

be admitted to insurance. Except for certain types of cases of 

application of noninsured banks for membership in the Federal Reserve System, the opinion rendered by the Corporation is advisory 

only and does not control the issuance of national charters or the 

admission of noninsured banks to membership in the Federal Reserve 

System. The Corporation believes that no bank should be permitted 

to become insured without its approval.

Table 6. APPLICATIONS FOR ADMISSION TO INSURANCE ACTED UPON BY THE

F e d er al D eposit I n su ran c e C orporation D uring 1936

BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

Total

Banks 

operating but 

not insured 

Jan. 1, 

19361

Banks 

opened, or 

opening 

contemplated 

during 

1936

Insured banks 

reorganizing 

under new 

charters or 

withdrawing 

from F. R.

System

T otal application s acted u p o n ...................... 166 68 51 47

Approved:

Insurance effective in 1936.......................... 106 42 27 37

Insurance not effective in 1936................... 16 7 4 5

Plans abandoned and approval rescinded. 2 1 1

Disapproved:

Banks continued in operation, or opened 

or reorganized, without insurance......... 25 17 6 2

Banks closed, or plans of organization or 

reorganization abandoned or delayed... 17 1 14 2

includes proposed successors to operating noninsured banks and proposed reorganizations of 

restricted banks.

During the year the 19 banks which received national charters 

from the Comptroller of the Currency, the 5 noninsured State banks 

which were admitted to membership in the Federal Reserve System, 

and the 1 applicant national bank in the possessions, were automatically admitted to insurance. Of these banks 14 were successors to other 

insured banks.

Number and classification of banks admitted to insurance.

The total number of banks admitted to insurance during 1936 was 

129, excluding 6 banks withdrawing from Federal Reserve membership 

but continuing their insurance. Of these approximately one-third 

were successors to other insured banks, one-third banks in operation 

but not insured at the beginning of the year, and nearly one-third 

banks beginning operations during the year. Of the 36 which opened

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

for business during the year and were admitted to insurance, 4 were 

successors to or reopenings of closed banks, and 32 were new banks 

without ascertainable predecessors.

Table 7 summarizes the character and class of banks admitted to 

insurance during 1936. Further details are given in Table 102, pages 

102-04.

Table 7. B a n k s ADMITTED TO INSURANCE DURING 1936

Total

Members Federal Reserve 

System Not members 

Federal ReNational State serve System

T otal n u m b er o f a d m ission s.......................... 135 19 5 Jill

Banks beginning operations during 1936:

New banks without predecessors...............

Reopenings of or successors to closed banks

Banks operating but not insured at beginning 

of year:

Regularly operating under general banking 

laws and admitted to insurance without 

reorganization.............................................

32

4

6 1 25

4

36 2 34

Operating under restrictions and reorganized under old charters at time of 

admission to insurance.............................. 5 5

Private banks incorporated and other 

banks reorganized under new charters at 

time of admission to insurance2 ............. 5 1 4

Trust company not doing a banking business 1 1

Banks succeeding other insured banks......... 46 12 2 32

Banks withdrawing from Federal Reserve 

System and readmitted as banks not 

members of that System.............................. 6 6

includes 4 banks approved for admission to insurance in 1935, but with insurance not effective 

until 1936, and 1 national bank in the Virgin Islands admitted to insurance upon certification of the 

Comptroller of the Currency.

includes 1 bank previously operating under restrictions.

Policy governing admission of banks to insurance. The

law requires that in considering the application of a bank for admission 

to insurance the Corporation shall take into account the following 

factors: 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 the community to be served by the bank, and whether or not its corporate 

powers are consistent with the purposes of the deposit insurance law.

The Corporation is opposed to the establishment of any banking 

office, whether a bank or a branch, in a community already adequately served or in a community which cannot support the type of 

banking facility contemplated. Many difficult problems, however, 

are encountered in determining when banking facilities are adequate 

without being excessive. Modern transportation and communication 

methods and changing financial practices have reduced the number of 

banking offices needed for adequate service to the public in comparison 

with the number needed two or three decades ago.

Depositors are far more numerous and make more frequent visits to 

banking offices than do borrowers. The provision of adequate faciliDigitized for FRASER 

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Federal Reserve Bank of St. Louis
ADMISSIONS TO AND TERMINATIONS OF INSURANCE 23

ties to depositors requires the location of banking offices within convenient distances, so that depositors may cash checks and make 

deposits without undue expense and loss of time. Adequate banking 

facilities for borrowers requires access to an institution able to appraise 

risks and to give accommodations adjusted in amount and time of 

repayment to the business of the borrower; the time involved in reaching a bank is of less importance to borrowers than to depositors. In 

many cases the Corporation has found that although deposit facilities 

are needed, the opportunities for lending and investing funds are not 

sufficient to assure enough earnings to justify the organization of a 

bank.

The mere promise of profitable operations during prosperous times 

is not sufficient ground for the admission of banks to insurance. 

Where banking facilities already exist and additional capital can be 

profitably employed the Corporation seeks to have that capital put 

into existing institutions in order to strengthen them. The burden 

of proof must rest with the applicants to demonstrate that a proposed institution is essential to a community. So long as banking 

authorities, however, are willing to charter banks irrespective of their 

ability to qualify for insurance, the influence of the Corporation in 

preventing the establishment of excessive facilities or uneconomic 

units is limited.

The development of excessive credit facilities through the chartering 

either of banks or of other types of special credit institutions tends 

to undermine the soundness of the financial structure of the country. 

The existence of excessive facilities makes it difficult for the institutions to operate profitably and leads to development of unsound 

practices. To an increasing extent banks are being subjected to the 

competition of other types of institutions or agencies organized for the 

purpose of holding the savings of the country or to fill special types 

of credit needs. These specialized institutions are expanding rapidly 

in number and in the scope of their operations.

The Corporation does not oppose the creation of needed specialized 

credit agencies which may compete with banks. The Corporation 

believes that if the present banking system is to continue to operate 

successfully it must do so on a competitive basis, giving as good 

service at as low cost as other institutions or agencies.

Our entire credit system, however, is so bound up with the public 

welfare that supervision of the different types of institutions must be 

coordinated. In the State jurisdictions, chartering and supervisory 

powers over the different types of deposit, savings, loan and investment agencies should be concentrated in a single authority and, insofar 

as possible, uniform standards developed. In the Federal establishment, greater coordination than has hitherto obtained is essential 

among the different agencies which charter and supervise deposit, 

savings, loan, investment and other credit institutions; and a closer 

cooperation with State authorities, and a better understanding of 

their problems, must be developed.

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

Terminations of insurance. During the year 235 insured banks, 

excluding those succeeded by other insured banks, were closed on 

account of suspension, absorption, consolidation, or voluntary liquidation, and one bank withdrew from Federal Reserve membership 

without continuance of insurance. No banks were expelled from 

insurance by the Corporation.

E s t a b l is h m e n t o f B r a n c h e s o r A d d it io n a l O f f ic e s

Applications approved by the Corporation. During 1936 the 

Federal Deposit Insurance Corporation approved 91 applications 

from banks not members of the Federal Reserve System to establish 

or to relocate branches or additional offices. Eight applications were 

disapproved. Approval of the Corporation is not required for the 

discontinuance of a branch or additional office.

Slightly over one-half of the applications acted upon were for the 

establishment of new branches or offices, that is, branches or offices in 

places where no banking offices previously existed or which increased 

the number of banking offices in the places in which they were to 

be located. The other applications dealt with conversions of absorbed 

banks into branches or additional offices, retention of additional 

offices of absorbed banks, conversion of main offices into branches, 

and the relocation of branches or additional offices. Further details 

regarding these applications are given in Table 8.

Table 8. APPLICATIONS TO ESTABLISH OR RELOCATE BRANCHES ACTED UPON

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 i o n D u r i n g 1936

INSURED BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

Approved

Total

Opened 

or relocated 

by Dec. 31, 

19361

Not 

opened or 

relocated 

by Dec. 31, 

1936

Plan to 

operate 

branch 

abandoned2

Disapproved

T otal application s approved or disapproved ......................................................... 99 68 19 4 8

T o establish new b ra n ch es .................... 54 34 10 2 8

T o replace u n it banks w ith branch es— 

to ta l............................................................. 27 20 5 2

To convert absorbed insured bank into 

branch...................................................... 24 17 5 2

To convert absorbed noninsured bank 

into branch ............................................. 1 1

To replace suspended insured bank....

T o con tin u e operation or ch an ge location o f branches in operation— total

To retain branches in operation at time 

of admission to insurance....................

2 2

18 14 4

6 6

To retain branches previously operated 

by absorbed or succeeded insured 

banks. .................................. 7 6 1

To change location of branches 5 2 3

includes several branches opened and operated for various periods of time prior to approval by 

the Federal Deposit Insurance Corporation; includes also 1 branch disapproved by the Federal Deposit Insurance Corporation in 1935 but approved upon reconsideration in 1936.

2In 3 of these cases the approval of the Federal Deposit Insurance Corporation was rescinded; 

in the other case the branch was operated for about two weeks and discontinued.

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ESTABLISHMENT OF BRANCHES OR ADDITIONAL OFFICES 25

The number of applications approved for the establishment or relocation of branches or additional offices differs from the number 

actually established or relocated, due to the fact that in a number of 

cases the offices approved had not been opened by the end of the year, 

and in a few cases had been approved in 1935 or had been opened in

1935 prior to approval by the Corporation.

Other offices opened. Banks which are members of the Federal 

Reserve System are not required to obtain the approval of the Federal 

Deposit Insurance Corporation to open or relocate branches or additional offices. These banks opened nearly one hundred offices during the year, of which about two-fifths were new offices and about 

three-fifths were conversions of absorbed banks.

Policy governing establishment of branches or additional

offices. Upon receipt of an application to establish a branch or 

additional office the Corporation first satisfies itself that such establishment is authorized by law and has the approval of the proper 

State supervisory authority. These conditions having been complied 

with, the Corporation is required by the deposit insurance law to 

deal with the application on its merits, giving due consideration to the 

same factors governing action on applications of banks for admission 

to insurance, and paying particular attention to the adequacy of the 

capital structure of the applicant bank, the prospect of profitable 

operation of the branch, and the needs of the community.

The Corporation believes that no bank should be allowed to establish a branch or additional office which, in addition to the minimum 

requirements specified in the law, does not have the minimum capital 

desired by the Corporation. The Corporation insists that unit banks 

adhere to such standards and believes that no discrimination should be 

made with regard to its standards as between unit banks and banks 

operating more than one office. Divided responsibility makes it difficult at times, however, for the Corporation to adhere strictly to its 

policy without subjecting some banks to discrimination. During the 

year 101 branches or additional offices were opened or acquired by 36 

insured banks whose capital did not satisfy the minimum established 

by the Corporation. Table 9 shows for each class of insured bank 

the number of banks opening or acquiring branches or additional 

offices during 1936 grouped according to whether or not the banks 

had a total capital account equal to not less than 10 percent of total 

deposit liabilities.

Divided supervisory authority leads to progressive lowering of 

standards which may have serious consequences as banking operations 

become more profitable and pressure for opening new banking offices 

becomes greater. In order to avoid such a development the Corporation recommends that, should Congress consider making any changes 

in Federal legislation relating to branch banking, specific attention 

be given to the requirements relating to capital of banks operating 

branches. The Corporation recommends that in addition to existing 

legal minimum requirements an insured bank contemplating the 

establishment of a branch should be required to have such minimum

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

capital as the Federal Deposit Insurance Corporation may prescribe. 

The minimum to be prescribed by the Corporation should bear a 

reasonable relation to the liabilities and other obligations and responsibilities of the banks, having due regard for the quality and character 

of the banks' assets.

Table 9. N u m ber AND DEPOSITS OF OPERATING INSURED COMMERCIAL BANKS

E s t a b l i s h i n g B r a n c h e s o r A d d i t i o n a l O f f ic e s

D u r i n g 1936

(Deposits in thousands of dollars)

Number of banks with 

ratio of total capital 

account to total deposits ofDeposits of banks with 

ratio of total capital 

account to total deposits ofLess than 

10 percent

10 percent 

or more

Less than 

10 percent

10 percent 

or more

All insured com m ercial b a n k s ....................... 36 75 3,371,279 1,407,362

Members F. R . System

National............................................................ 14 15 1,875,462 972,929

State.................................................................. 7 15 1,290,704 323,789

N ot members F. R . System............................. 15 45 205,113 110,644

C h a n g e s in C a p i t a l o f B a n k s

Capital retirements approved by the Corporation. During 

1936 the Federal Deposit Insurance Corporation approved the 

retirement by 504 insured banks not members of the Federal Reserve 

System of $18 million of preferred stock, capital notes, and debentures 

held by the Reconstruction Finance Corporation. Applications of 

166 banks to retire about $4 million of such capital obligations were 

disapproved. About half of the approvals of retirement of Reconstruction Finance Corporation capital were made conditional upon 

the issue of new preferred or common stock or upon the writing off 

of losses from the books of the bank.

The capital obligations retired amounted to 9 percent of the total 

amount of such obligations of insured banks not members of the 

Federal Reserve System held by the Reconstruction Finance Corporation. At the close of the year that Corporation still held approximately $192 million of the capital obligations of these banks.

The Federal Deposit Insurance Corporation also approved the 

applications of 20 insured banks not members of the Federal Reserve 

System to retire other capital obligations, or to reduce common stock 

and disburse the proceeds, amounting to $574,000. In eight cases 

applications for permission to make such retirements or reductions 

were disapproved. Approval was also given by the Corporation 

to several applications for cancellation or reduction of the value of 

capital stock simultaneously with the sale of new stock or with the 

elimination of losses or increase of reserves or surplus on the banks’ 

books. Further details are given in Table 10,

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CHANGES IN CAPITAL OF BANKS 27

Repayment of contributions of stockholders, directors and

others. Many insured banks which were reorganized or received 

contributions from stockholders or others when they were reopened 

after the Banking Holiday of 1933 have certificates of beneficial interest outstanding in favor of such contributors. While these certificates of beneficial interest are usually carried in the bank's condition 

statement at a nominal value, they nevertheless usually carry a prior 

claim on part or all of the profits of the bank. Some retirements of 

such certificates, and repayment of contributions or release of directors' guaranties, occurred during the year.

Policy regarding capital of banks. The Corporation has disapproved retirement of capital obligations of banks, repayment of 

contributions or release of guaranties in those cases in which the sound 

capital would have failed to meet the minimum desired by the Corporation after giving effect to such retirements, repayments or releases. 

The minimum desired by the Corporation is a sound capital sufficient, 

having due regard for the quality and character of the assets held, 

to give reasonable assurance of the maintenance of an adequate margin 

of protection to depositors and other creditors and in no case equal to 

less than 10 percent of total deposits, and, in addition, a sound capital 

sufficient to assure the proper discharge of other responsibilities and 

functions of the bank.

Table 10. APPLICATIONS FOR RETIREMENT OR REDUCTION OF CAPITAL ACTED

U p o n 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 D u r i n g 1936

INSURED BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

Number of banks 

making application

Amount of retirement 

or reduction

Approved1 Disapproved Approved Disapproved

T o ta l.......................................................................... 575 177 $29,774,229 $4,870,365

C apital obligation s held by th e R econ ­

stru ction F inance C orporation (including 

obligations held as collateral for loans):

To retire................................................................

To cancel commitment of R F C ......................

To reduce par value (but not retireable value)

Preferred stock and debentures n ot held by 

the R econ stru ction F inance C orporation :

504

5

10

166

1

18,040,199

117,500

4,301,000

4,351,665

50,000

To retire...............................................................

To convert into common stock .

11

4

6 233,200

75,000

270,800

1,864,000

168,700

To cancel stock or debentures contributed 

to bank .......................................................... 4

To reduce par value (but not retireable value) 

C om m on s to c k :

3

To reduce and disburse proceeds................

To reduce or cancel, with simultaneous issue 

of new stock or debentures.......................

9

18

2 341,210

2,524,250

2,007,070

25,000

To reduce capital stock and correct capital 

impairment, eliminate losses, or increase 

reserves or surplus......................................... 32 2 275,000

includes approvals conditional upon the fulfillment by the applicant banks of specified conditions. 

In some cases these conditions were not fulfilled during 1936. Since some applications for the retirement 

or reduction of capital obligations held by the Reconstruction Finance Corporation and some applications 

for the retirement or reduction of preferred or common stock held by others, were made by the same banks, 

the total number of banks is less than the sum of the figures in the column below.

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

The amount of sound capital which a bank has in relation to its 

deposits is one of the most important measures of the protection 

afforded by that bank to its depositors and to the Federal Deposit 

Insurance Corporation. Whenever a bank is found to have an inadequate margin of sound capital the Corporation endeavors to secure 

an increase in its capital funds. Of the insured banks not members 

of the Federal Reserve System 842, or 11 percent, had at the time of 

examination in 1936 sound capital that was equal to less than 10 

percent of total deposits. A distribution of insured banks not members of the Federal Reserve System according to the ratio of sound 

capital to deposits is shown on pages 54 and 55. The Corporation 

is continuing its efforts to improve the capital position of these banks.

The Corporation has not compiled data regarding the sound capital 

of banks members of the Federal Reserve System. Data regarding 

the book value of their assets and liabilities compiled from reports of 

condition as of December 31, 1935, however, reveal that more than 

10 percent of the banks members of the Federal Reserve System have 

capital below the minimum desired by the Corporation.

In general the larger banks have less capital in proportion to their 

liabilities than do the smaller banks. At the close of the year 111 insured commercial banks reported total deposits in excess of $50 

million each. The 111 banks held nearly one-third of all the deposits insured by the Corporation. One-half, or 56, of these banks, 

holding one-fifth of all the deposits insured by the Corporation, have 

ratios of total capital account to total deposits of less than 10 percent.

The minimum set by the Corporation is lower than the banks as a 

whole have ever had other than in times of acute depression. It was 

adopted as a practicable minimum at a time when the banks were 

struggling to rehabilitate themselves after three years of severe 

liquidation and depression. General adherence by the banks to such 

a low minimum as a standard would undermine the soundness of our 

banking structure. For several decades banks have tended to operate 

with decreasing capital margins. By 1920 they had reduced their 

capital funds in relation to liabilities other than capital to less than 

half the amount maintained twenty-five years earlier.

Banking operations are becoming more profitable and investment 

of capital in banks will become more attractive. New capital funds 

should be used to increase the capital equities of existing institutions 

rather than to start new institutions which duplicate existing facilities.

Although a large number of factors must be taken into consideration 

in determining the soundness of a bank and its risk to the Corporation 

it may be said that, in general, the lower the capital ratio the greater 

the risk to depositors and to the Corporation. The tendency of 

banks to operate with narrower capital cushions increases the risk 

of loss to the Corporation. The present assessment rate was established on the assumption that losses in the future would be smaller 

than in the past. Unless the declining trend in the ratio of bank

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ASSUMPTION OF UNINSURED DEPOSITS 29

capital to liabilities is reversed losses may not be reduced, in which 

case either the assessment rate will have to be raised or fundamental 

changes will have to be effected in our system of banking.

A s s u m p t io n o f U n i n s u r e d D e p o s it s

Release of restricted deposits. Under the revised deposit insurance law, insurance coverage is extended only to deposits made 

available to depositors in the regular course of business. At the close 

of 1935 about 50 insured banks held deposits which had been restricted 

as to payment since the Banking Holiday of 1933, and which were, 

therefore, ineligible for insurance. The release of these deposits must 

be approved by the Federal Deposit Insurance Corporation in order 

for them to become insured. During 1936 the Corporation approved 

the applications of 18 insured banks to release $2.4 million of restricted 

deposits to their owners. One application covering $50,000 of deposits was disapproved.

In addition, many insured banks requested the approval of the 

Corporation for the payment of dividends on certificates of beneficial 

interest issued to former depositors who had waived part of their 

deposit claims in order to permit the banks to continue or resume 

operations. In most cases the Corporation interposed no objection.

Assumption of deposits of noninsured banks. Any assumption of deposits of a noninsured bank by an insured bank requires the 

approval of the Federal Deposit Insurance Corporation. During 

1936 the Corporation approved 22 applications from insured banks 

for permission to assume the deposits of noninsured banking institutions. Sixteen of these institutions were regularly operating commercial banks; the others included one bank operating under 

restrictions, one mutual savings bank, one cooperative banking 

company, one credit union and two closed banks. In 20 of these 

cases the transactions were completed during 1936, in one case the plan 

of absorption was abandoned and the approval of the Federal Deposit 

Insurance Corporation rescinded, and in one case the absorption 

had not taken place by the end of the year.

In three cases of absorption of noninsured banks by insured banks 

the approval of the Corporation was not required, since in these cases 

only assets of the absorbed bank were acquired, their deposit liabilities 

being paid off in cash.

Assumption of deposits of insured banks by noninsured

banks. No applications were received by the Corporation from 

noninsured banks for permission to assume the deposit liabilities of 

insured banks. In three cases, however, noninsured banks were organized for the purpose of succeeding to the business of insured 

banks which went into voluntary liquidation. Inasmuch as the depositors were paid off by the insured banks and no contract of assumption was made the Corporation had no jurisdiction in these cases and 

its approval was not required.

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30 FEDERAL DEPOSIT INSURANCE CORPORATION

Assumption of deposits, and change of location, of insured

banks. The assumption of deposit liabilities of one insured bank by 

another insured bank does not require the approval of the Federal 

Deposit Insurance Corporation, but such assumptions in connection 

with mergers or absorptions involving insured banks not members of 

the Federal Reserve System are frequently referred to the Corporation for approval prior to consummation. In four such cases during 

1936 formal approval was given by the Corporation. In eight cases 

the Corporation approved changes in location of insured banks not 

members of the Federal Reserve System.

R e p o r t s f r o m B a n k s

Reports of assets and liabilities and of earnings. The Corporation called for reports of assets and liabilities as of June 30,1936, 

and December 31, 1936, from each insured bank not a member of the 

Federal Reserve System, except those banks in the District of Columbia and in the possessions which reported to the Comptroller of the 

Currency. The Corporation also called upon the same banks for a 

report of earnings, expenses, and disposition of profits for the year ending December 31, 1936. The forms and instructions used in making 

these calls were those edopted or approved by a committee on standardization of bank report forms organized by interested agencies. 

The committee is composed of representatives of the National Association of Supervisors of State Banks, National Association of Bank 

Auditors and Comptrollers, the American Bankers Association, the Reserve City Bankers Association, and the Federal Deposit Insurance 

Corporation. The committee has made important progress in the 

standardization of report forms. More than 30 States either are now 

using the forms or have indicated their intention to do so in the 

near future.

Summaries of the semi-annual reports of assets and liabilities, 

tabulated by States and by size of bank, are published in pamphlet 

form. Less detailed summaries will be found on pages 134-47 of this 

report, and an analysis of the data on pages 48 to 49. The reports 

for the year 1936 of earnings, expenses, and disposition of profits of 

insured banks not members of the Federal Reserve System have been 

tabulated on the basis of size of bank, number of banking offices in 

same center, population of center, profitability of operations, and types 

of assets and liabilities. The data are summarized in the tables on 

pages 164-89 and analyzed on pages 55 to 59.

Reports of deposits. All insured banks were requested to report 

as of May 13, 1936, the number of their accounts with balances of 

over $5,000 and the number not over $5,000, together with the amount 

of deposits in such accounts, classified by type of deposit. These 

reports were used to estimate the amount and proportion of the 

deposits of insured banks which are protected by this Corporation. A 

pamphlet summarizing the data and entitled Insurance of Deposits

was published in November 1936. The form used and instructions 

issued are given on pages 93 and 94. Some results of the inquiry 

will be found on pages 65 to 77 of this report.

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REGULATIONS AND RULINGS OP THE CORPORATION 31

Reports issued by the Federal Deposit Insurance Corporation are 

sent without charge to insured banks and to others who request them.

R e g u l a t i o n s a n d R u l i n g s o f t h e C o r p o r a t io n

Advertising by insured banks. Regulation III, relating to 

advertising by insured banks, was amended on October 26, 1936, to 

be effective November 20, 1936. The amended regulation provides 

in more specific terms what advertising matter of insured banks shall 

include the official statement of Federal insurance of deposits. It 

also enumerates a list of subjects, clearly unrelated to deposits, which, 

when used in advertising matter relating only to such subjects, need 

not be accompanied by the official statement. The amended regulation is given on pages 82 to 85.

Interest on deposits. Regulation IV, relating to the payment 

of deposits and interest thereon by insured banks not members of 

the Federal Reserve System, which was approved December 21, 1935, 

was amended January 23,1936, and made effective February 1 ,1936.1

Resolution extending time for insured banks to comply with

Regulation III, as amended. By resolution of the Board of 

Directors effective December 3, 1936, insured banks with quantities 

of advertising matter on hand which does not comply with Regulation 

III are allowed until December 31, 1937, to distribute such matter. 

The text of the resolution is given on page 85.

Resolution exempting banks with branches in foreign

countries from provisions of Regulation III under certain

circumstances. By resolution of the Board of Directors effective 

December 17, 1936, Regulation III was made not applicable to 

advertisements of banks which maintain offices in foreign countries, 

in which offices the deposits are not insured, when such advertisements 

are published in foreign countries. The text of the resolution is 

given on pages 85 to 86.

Rules relating to payment of assessments. On June 11, 1936, 

the Board of Directors adopted five rules relating to payment of 

assessments by banks whose insured status has terminated, such rules 

to govern all situations where the insured status of banks has terminated since August 23, 1935, or will terminate in the future. The 

text of these rules is given on page 92.

L e g i s l a t i o n A f f e c t in g D e p o s it I n s u r a n c e

Extension of loan powers. On April 21, 1936, the President 

of the United States approved a joint resolution of Congress amending 

paragraph (4), subsection (n) of section 12B of the Federal Reserve 

Act, as amended, extending until July 1, 1938, the power of the

lOn February 10, 1937, Regulation IV was amended, to be effective February 11, 1937, by the 

elimination of subsection (f) of section 1 and the addition to subsection (a) of section 2 of the following 

sentence: “ Within this regulation any payment to or for the account of any depositor as compensation 

for the use of funds constituting a deposit shall be considered interest.” The latter amendment was 

only a formal change and did not affect the substance or meaning of the regulation as it had previously 

existed. The amended regulation is given on pages 86 to 91.

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32 FEDERAL DEPOSIT INSURANCE CORPORATION

Corporation to make loans to or purchase assets from banks whenever 

in the judgment of the Board of Directors of the Corporation such 

loans or purchases will reduce the risk or avert threatened loss to the 

Corporation and will facilitate a merger or consolidation of an insured 

bank with another insured bank. The original provision of the law 

was to expire on July 1, 1936. The text of the resolution is given on 

page 81.

State legislation affecting deposit insurance. The insurance 

of deposits in banking institutions upon a national basis, provided for 

in the Banking Act of 1933, presented numerous legal problems in 

the practical application of the Federal deposit insurance law in the 

forty-eight States of the Union. In some of the States statutes, 

which were necessary for the proper functioning of the Corporation 

in these States, were lacking. In some States statutes existed which 

were at variance with the requirements of the Federal act. In 

response to many requests the Corporation prepared drafts of bills 

for introduction in the various State legislatures. This legislation 

was framed in as general a manner as possible and was drawn to 

grant authorizations rather than impose mandatory requirements.

The suggested legislation was designed chiefly to serve the following purposes:

1. To authorize appointment of the Federal Deposit Insurance 

Corporation as receiver or liquidating agent of closed insured banks;

2. To provide for cooperation between State banking authorities 

and the Federal Deposit Insurance Corporation in making examinations and in exchanging information with regard to insured institutions;

3. To authorize banking institutions to issue preferred stock 

without double liability or to sell capital notes or debentures, and to 

include such stock or notes sold to the Reconstruction Finance 

Corporation in computing unimpaired capital or in satisfying minimum capital requirements;

4. To exempt insured banking institutions, to the extent of the 

insurance coverage, from furnishing security for certain types of 

deposits under requirements of State law applicable to banks generally;

5. Specifically to authorize banking institutions to take advantage 

of all benefits furnished by the Federal Deposit Insurance Corporation.

Up to the close of 1935 the legislative proposals had been adopted 

in whole or in part in most of the States. During 1936 there were 

only four regular sessions of State legislatures. In one of these 

States all of the legislative proposals submitted by the Corporation 

had previously been enacted. Action either on a part or most of 

the proposals was obtained in the other three States.

The Corporation has, in addition, cooperated in the development 

of legislation designed to provide for better control by the several 

State banking authorities of the chartering of new banks, so that 

factors may be taken into consideration that would result in the

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ORGANIZATION AND STAFF 33

avoidance of the establishment of an unnecessary number of banks 

in one locality and would permit banking services in others where 

the need existed.

O r g a n i z a t i o n a n d S t a f f

Directors. No changes in the directorship of the Corporation 

occurred during 1936. The present directors served throughout the 

year.

Divisions and committees. During 1936 the New and Closed 

Bank Division was reorganized and named the Division of Liquidation. 

This Division pays insured depositors in closed insured banks, supervises liquidation of banks for which the Corporation is receiver, and 

supervises the liquidation of loans made to and assets purchased 

from banks. The Division has three sections: a pay-off and record 

section, which handles the pay-off of depositors in closed insured 

banks and maintains the accounting records of the Division; a liquidation section, which has supervision of liquidation of banks for which 

the Corporation is receiver and of loans made and assets purchased 

by the Corporation; a legal section, which handles legal matters 

relating to receiverships and other activities of the Division.

Table 11. OFFICERS AND EMPLOYEES OF THE FEDERAL DEPOSIT INSURANCE

C o r p o r a t i o n , D e c e m b e r 31, 1936

Total

Officers; 

administrative, 

supervisory, 

and technical 

employees

Clerical,

stenographic,

and

custodial

employees

T otal ............................................................................................. 801 476 325

W ashington o ffic e .................................................................... 273 92 181

Directors and aides................................................................. 8 4 4

Office of the Secretary............................................................ 10 1 9

Administrative and Service Division.................................. 104 21 83

Division of Examination........................................................ 42 20 22

Division of Liquidation1 ....................................................... 55 30 25

Division of Public Relations................................................. 4 3 1

Legal Division.......................................................................... 11 5 6

Division of Research and Statistics.................................... 39 8 31

D istrict offices............................................................................ 528 384 144

528 384 144

Excludes 44 persona employed temporarily in connection with the liquidation of loans and of 

suspended insured banks.

A committee on liquidation, loans, and purchase of assets, was 

created to review recommendations of the Division of Examination 

relative to loans and purchase of assets in connection with mergers, 

and to consider recommendations from the Division of Liquidation 

relative to the liquidation of banks for which the Corporation is 

receiver, and of loans made to or assets purchased from banks. The 

committee is composed of one of the directors of the Corporation 

and of representatives of the Division of Examination, Division of

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34 FEDERAL DEPOSIT INSURANCE CORPORATION

Liquidation, and Legal Division. Its recommendations are submitted to the Board of Directors for final action.

A chart of the organization of the Corporation as of December 31,

1936, is shown on page 6.

Personnel. Personnel at the close of 1936 consisted of 801 officers 

and employees, of whom 273 were located in the main office at 

Washington and 528 in the field and at the regional offices. The 

number of employees increased by 63 during the year. Except for 

temporary employees engaged in paying off depositors in insured 

banks or in the liquidation of insured banks for which the Corporation 

is receiver, the employees located in the field and at the regional 

offices were all connected with the Division of Examination of the 

Corporation. The number of officers and employees of the Corporation at the end of 1936 is given in Table 11.

F i n a n c i a l S t a t e m e n t o f t h e C o r p o r a t io n

Condensed balance sheets of the Corporation as of December 31,

1935, and December 31, 1936, are given in Table 12. An analysis of 

surplus for the year 1936, and a statement of the distribution of 

administrative expenses, are given in Table 13.

Income and expenses. The total income of the Corporation 

during 1936 amounted to $43.8 million, and was received from two 

sources: $35.6 million from assessments on insured banks at the rate 

of 1/12 of 1 percent per year of their total deposits; and $8.2 million 

from interest on securities owned after provision for amortization of 

purchase premiums.

Total expenses and losses during the year amounted to $6.6 million. 

Of this amount $4.1 million represented losses and expenses to the 

Corporation incurred in paying depositors of suspended banks and in 

aiding the merger of insolvent banks. Administrative expenses of 

the Corporation amounted to $2.5 million.

Assessments. Assessments on insured banks are levied semiannually, in January and July, at an annual rate of 1/12 of 1 percent. 

The amounts of the assessment are computed on the basis of certified 

statements of deposits submitted by the banks. Each assessment is 

for 1/24 of 1 percent of average daily deposits, including uninvested 

trust funds and adjusted for uncollected items and other allowable 

deductions during the six months ending, respectively, on the preceding December 31 and June 30.

Due to the growth in deposits, the second assessment collected in 

1936 was approximately 3 percent larger than the first, the assessment 

in January amounting to $17.5 million and that in July to $18.1 

million. Only two-fifths of the total assessments collected in 1936 

were received in cash, the remainder having been prepaid by credits 

to the accounts of the banks at the close of the temporary deposit 

insurance plan. Approximately $8.4 million of such credit still remained at the close of the year to be applied on future assessments.

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FINANCIAL STATEMENT OF THE CORPORATION 35

Income from investments. The funds of the Corporation, with 

the exception of a working cash balance, and of assets acquired through 

bank suspensions and mergers, are invested in United States Government securities. The Corporation increased its holdings of United 

States Government securities from $298 million to $333 million during 

the year, but net income from these holdings showed practically no 

change. Interest received on United States Government securities, 

less allowances for amortization of purchase premiums, was $8,213,000 

in 1936, compared with $8,159,000 in 1935.

At the close of 1936 the Corporation held subrogated claims of 

depositors against closed insured banks, loans to merging banks made 

to avert losses, and other assets acquired through bank suspensions 

and mergers, amounting at face value to a total of $19 million. These 

assets were carried on the books of the Corporation at $11 million, 

the balance, or 40 percent, having been charged to expenses as a 

reserve for losses.

Operating expenses. The administrative expenses of the Corporation, which amount to approximately $2.5 million a year, are less 

than one-third of the income of the Corporation from its investments 

in United States securities. The cost of examining banks not members of the Federal Reserve System is a large part of the administrative 

expenses.

The item, “ deposit insurance losses and expenses” , amounting to 

$4 million for the year 1936, represents the estimated loss and expense 

to the Corporation incurred in paying off the depositors in banks 

which suspended during the year and in making loans to and purchasing assets from merging insolvent banks.

Reports to insured banks. The Federal Deposit Insurance 

Corporation issued during 1936 a report summarizing briefly the 

operations of the Corporation, and including statements of assets, 

liabilities, surplus and expenses, from the inauguration of the permanent insurance plan to June 30, 1936. A similar report for the 

period from June 30 to the end of the year has also been published.

Adequacy of assessment. The fact that the expenses and losses 

of the Corporation have not exceeded its income from investments, thus 

enabling a transfer to surplus of the entire amount of assessments 

collected, has resulted in frequent proposals for a reduction in the 

rate of assessment. The Corporation is opposed to any reduction 

in the rate of assessment at the present time.

The deposit insurance system has not yet been tested. If an 

insurance corporation with an assessment rate comparable to that now 

in force had been set up at the close of any one of the four major 

banking crises preceding the crisis of 1930-1933, assessments would 

have proved inadequate to meet losses. In one case assessments 

would have been sufficient to meet losses for only about six years. 

In the other cases assessments would have been sufficient for eleven, 

thirteen and twenty-two years, respectively. It is evident, therefore, 

that the losses of the past three years are not a test of the adequacy 

of the present rate of assessment.

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36 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 12. COMPARATIVE BALANCE SHEET OP THE FEDERAL DEPOSIT INSURANCE

C o r p o r a t i o n , D e c e m b e r 31,1936, a n d D e c e m b e r 31,1935

December 31,1936 December 31,1935

ASSETS

Cash on hand and on deposit....................................................... $ 9,089,127.20 

$332,642,349.08

$ 33,477,860.73 

$298,258,349.76

United States Government securities— (cost less reserve for

amortization of premiums) and accrued interest receivable

Assets acquired through bank suspensions and mergers:

Subrogated claims of depositors against closed insured banks... 

Net balances of depositors in closed insured banks pending 

settlement or not claimed, to be subrogated when paid-contra.

Loans to merging banks to avert deposit insurance losses...........

Assets purchased from merging banks to avert deposit insurance

$ 10,410,968.67

1,261,435.84

6,406,006.52

1,020,740.35 

$ 19,099,151.38 

7,707,929.23 

$ 11,391,222.15

$ 5,840,595.75

684,538.84

2,820,014.03

Less* Reserve for losses.............................................................

$ 9,345,148.62 

3,927,047.27 

$ 5,418,101.35

Furniture, fixtures and equipment................................................ $ 1.00 

$ 48,905.91

$ 1.00 

Deferred charges and miscellaneous assets............................... $ 55,483.13

Total assets............................................... .............................. $353,171,605.34 $337,209,795.97

LIABILITIES

Current liabilities:

Accounts and assessment rebates payable....................................... $ 76,623.72 

1,261,435.84

8,360,441.69

68,223.32

$ 92,534.39 

684,538.84

30,257,108.53

118,278.69

Net balances of depositors in closed insured banks pending 

settlement or not claimed— contra................................................

Unused credits for assessments paid to temporary Federal

Deposit Insurance funds and prepaid assessments.............

Reserve for undetermined expenses and losses.........................

Total liabilities........................................................................ $ 9,766,724.57 $ 31,152,460.45

CAPITAL

Capital stock:

United States........................................................................................... $150,000,000.00

139,299,556.99

$289,299,556.99

54,105,323.78

$343,404,880.77

$150,000,000.00

139,299,556.99

$289,299,556.99

16,757,778.53

$306,057,335.52

Federal Reserve banks..........................................................................

Surplus (See Table 13)..........................................................................

Total capital.............................................................................

Total liabilities and capital............................................... $353,171,605.34 $337,209,795.97

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FINANCIAL STATEMENT OF THE CORPORATION 37

Table 13. ANALYSIS OF SURPLUS ACCOUNT AND DISTRIBUTION OF ADMINISTRATIVE

E x p e n s e s , 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 i o n , C a l e n d a r Y e a r 1936

i. a n a l y s i s o f s u r p l u s

Balance D ecem ber 31, 1935..................................................................................................... $ 16,757,778.53

Add-net adjustments applicable to periods prior to January 1,

1936............................................................................................................................................ 173,903.33

B alance as ad ju sted D ecem ber 31, 1935............................................................................ $ 16,931,681.86

Surplus for the year ending D ecem ber 31, 1936:

Additions:

Deposit insurance assessments........................ $ 35,557,817.67

Interest earned (less provision for amortization of premiums)........................................... 8,212,741.51 $ 43,770,559.18

Deductions:

Deposit insurance losses and expenses.......... $ 4,075,057.40

Administrative expenses.................................... 2,483,217.36

Furniture, fixtures and equipment purchased

and charged o ff............................................... 38,642.50 6,596,917.26 37,173,641.92

B alance D ecem ber 31, 1936..................................................................................................... $ 54,105,323.78

II. DISTRIBU TION OF A DM IN ISTRATIVE EXPENSES

Salaries.............................................................................................................................................. $ 1,790,971.13

Professional services...................................................................................................................... 5,269.25

Services of other governmental agencies.................................................................................. 125.00

Transportation................................................................................................................................ 100,142.77

Subsistence....................................................................................................................................... 375,719.37

Office rental...................................................................................................................................... 111,624.51

Printing, stationery and supplies............................................................................................... 73,789.20

Postage, telephone and telegraph............................................................................................... 28,276.68

Fidelity bond premiums................................................................................................................ 6,305.85

Subscriptions................................................................................................................................... 2,385.14

E quipment rental........................................................................................................................... 741.59

Repairs and alterations................................................................................................................. 4,645.87

Transportation of things.............................................................................................................. 1,836.56

Miscellaneous................................................................................................................................... 2,623.16

Provision for undetermined expenses........................................................................................ 1,489.46

$ 2,505,945.54

Less:

Miscellaneous income applicable to reduction of administrative 

expenses.................................................................................................. $ 4,678.44

Inter-departmental expense transfers.................................................. 18,049.74 22,728.18

A dm inistrative expenses fo r the year ending D ecem ber 31, 

1936.............................................................................................................. $ 2,483,217.36

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38 FEDERAL DEPOSIT INSURANCE CORPORATION

The rate of assessment now in force, furthermore, was adopted on 

the assumption that losses in the future would be less than they have 

been in the past: (1) as a result of greater stability in our economic 

structure, resulting from improved credit control and improved 

standards and practices of bank supervision; (2) by reason of the 

fact that the banking structure has been rehabilitated; and (3) through 

improvement in bank management resulting from the earnest and 

cooperative efforts of bankers through conferences and research to 

pool their knowledge and experience and develop improved standards 

of management and banking practices.

Four years of business recovery from a severe depression do not 

constitute an adequate test of the foundations of this assumption. 

Present policies and instruments of credit control have not yet been 

tested. The efficacy of our present supervisory system remains to 

be demonstrated. In the past, diffusion of responsibility has led to 

a progressive lowering of standards on the part of supervisory agencies, 

with serious consequences to the soundness of our financial institutions. Bank supervision is still distributed among several Federal 

agencies.

No reduction in assessments should be made until we are assured 

that the banking system will be maintained in a sound condition. 

The Corporation has repeatedly emphasized the conditions necessary 

to the maintenance of a sound banking system:

Facilities adequate to serve the needs of the public but 

not so excessive as to impair the prospects of profitable 

operations of the individual units;

Reasonable and coordinated policies regarding the chartering and supervision of all types of credit agencies;

Maintenance of adequate capital equities;

Operation with sufficient margin of profit to assure the 

continued functioning of a bank;

Avoidance of payment of excessive unearned dividends 

with consequent weakening of the capital structure;

Avoidance of speculative practices in the extension of 

loans and the purchase of securities;

Avoidance of excessive loans to officers, directors, their 

interests, and to other favored parties;

Prompt elimination of hazardous and worthless assets from 

the bank's portfolio and proper provision for depreciation 

of assets;

Maintenance of a proper distribution of assets so as to 

permit prompt and easy discharge of the bank's expected and 

foreseeable obligations;

Provision for those contingencies and hazards that are 

characteristic of modern banking and of our economic

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FINANCIAL STATEMENT OF THE CORPORATION 39

system, as well as those peculiar to the region in which the 

bank is located; and

Alertness and flexibility of management sufficient to 

permit of adjustment to changing circumstances.

There is much that supervisory authorities can do, but in the 

final analysis responsibility rests squarely upon bank management, 

and the continuance of our present banking and credit systems will 

depend mainly upon the competence of our bankers.

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Federal Reserve Bank of St. Louis
PART TWO

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

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DEPOSIT INSURANCE AND BANKING DEVELOPMENTS 43

S u m m a r y o f B a n k i n g D e v e l o p m e n t s

The margin of protection provided depositors and the Federal 

Deposit Insurance Corporation by stockholders' funds in 1936 was 

practically the same as in 1935. Deposits increased substantially 

during the year. The growth in deposits was accompanied by a 

proportionate growth in sound capital. The total capital account 

as carried on the banks' books showed a smaller relative growth, 

reflecting in part the charging off of bad assets and in part the inclusion in sound capital of unrealised appreciation in assets. By the 

close of 1936 the banks had largely eliminated the assets made 

worthless by the recent depression. Net earnings and profits were 

higher than in any other recent year.

The trend toward branch banking continued during 1936. The 

total number of commercial banking offices in operation was reduced 

slightly, reflecting in part the elimination of weak banks.

C o m m e r c ia l B a n k i n g O f f ic e s

Commercial banking facilities in the United States. On

December 31, 1936, 18,422 commercial banking offices were located 

in 11,964 cities, towns, villages and other centers in the United States 

(excluding possessions). About one-half of the banking offices were 

located in places with only one commercial banking office. Most of 

the banking offices in places with more than one banking office were 

located in centers with a population of more than 5,000. The figures 

are shown in Table 14.

T ab le 14. CENTERS WITH COMMERCIAL BANKING OFFICES AND NUMBER OF

O p e r a t i n g C o m m e r c ia l B a n k i n g O f f i c e s , C o n t i n e n t a l U n i t e d S t a t e s ,

D e c e m b e r 31, 1936

GROUPED ACCORDING TO POPULATION OF CENTER AND NUMBER OF COMMERCIAL

BANKING OFFICES IN CENTER

Number of centers Number of banking offices

Total

With 

1 banking 

office

With 

2 or more 

banking 

offices

Total

In centers with—

1 banking 

office

2 or more 

banking 

offices

T o ta l............................................ 11,964 9,087 2,877 18,422 9,087 9,335

Centers w ith p op u la tion

(1930) o f—

Under 1,000............................ 6,005 5,716 289 6,300 5,716 584

1,000 to 2,500......................... 2,847 2,203 644 3,530 2,203 1,327

2,500 to 5,000......................... 1,308 689 619 2,010 689 1,321

5,000 to 25,000...................... 1,431 469 962 2,833 469 2,364

25,000 to 100,000.................. 280 10 270 1,122 10 1,112

100 000 and over................... 93 93 2,627 2,627

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44 FEDERAL DEPOSIT INSURANCE CORPORATION

The 93 cities with more than 100,000 population each, had about

2,600 banking offices. While only a small proportion of all banking 

offices were in these cities these offices held considerably more than 

one-half of the deposits in the commercial banking system.

Numerous places which have had banks at some time during the 

past ten or twenty years are now without banks or banking offices. 

The extent to which these places are adequately served and the 

extent to which they can support additional facilities are matters of 

concern to the Corporation. With modern methods of communication and transportation the need for banking offices in most of these 

centers is less than it was two decades ago. There are relatively few 

centers with a population of over 2,500 that are without banking 

offices. Most of these places are suburbs or satellites of larger cities. 

Less than 25 are located more than 10 miles from a city or town with 

a banking office.

Types of commercial banking offices in operation. Of the 

18,516 commercial banking offices in the United States and possessions, 14,257 were unit banks having one place of business, and 4,259 

were offices of 894 banks accepting deposits at more than one place. 

Of the 3,365 branches or additional offices 3,306 were located in the 

continental United States. Of these 1,634 were located in the same 

city as the head office, 677 were located elsewhere in the same county, 

988 were located elsewhere in the State, and 7 were located in other 

States. The figures are shown in Table 15.

Table 15. NUMBER AND TYPE OF OPERATING COMMERCIAL BANKING

O f f ic e s i n t h e U n it e d S t a t e s a n d P o s s e s s io n s ,

D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 1936

Dec. 31, 

1936

Dec. 31, 

19351

Change

during

year

T otal banking offices........................................................................ 18,516 18,622 -106

Unit banks......................................................................................... 14,257 14,518 -261

Banks operating more than one office............................................ 894 856 +38

Branches or additional offices— to ta l..................................... 3,365 3,248 +117

In possessions................................................................................. 59 58 + 1

In con tinen tal United States— to ta l................................... 3,306 3,190 + 116

Located in head office city....................................................... 1,634 1,647 -13

Located elsewhere in head office county................................ 677 637 +40

Located elsewhere in State..................................................... 988 899 +89

Located in other States......................................................... 7 7

1 Revised since publication of the Annual Report of the Federal Deposit Insurance Corporation for

the year ending December 31, 1935.

NOTE: More detailed figures relating to all commercial banks will be found in Tables 101-04, pages 

100-13; and in Table 107, pages 120-21; and relating to insured commercial banks in Tables 108-09, 

pages 122-23.

Of the branches located outside the head office city 1,000 or 60 

percent were in centers with no other banking office and 672 were in 

centers with more than one banking office.

Changes in operating commercial banking offices during

1936. The trend toward branch banking which has been in existence since the beginning of the century continued during 1936. 

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Federal Reserve Bank of St. Louis
sessions was reduced by 261 during the year, while the number of 

offices of banks operating more than one office increased by 155. 

The proportion of total banking offices operated by branch banking 

systems increased during the year from 22 to 23 percent. In 1925 

only 11 percent of all banking offices were operated by banks operating more than one office.

COMMERCIAL BANKING OFFICES 45

Table 16. ANALYSIS OF CHANGES IN NUMBER OF OFFICES OF

O p e r a t i n g C o m m e r c ia l B a n k s in t h e U n i t e d S t a t e s

a n d P o s s e s s io n s D u r i n g 1936

Total

offices Banks Branches

Net ch an ge during 1936................................................................... -106 -223 + 117

Banks beginning operations and branches opened1 ....................

Trust company admitted to insurance...........................................

+165

+ 1

+65 

+ 1 

-73

+100

Banks converted into branches....................................................... +73

Banks ceasing operations and branches d iscon tin u ed - 

total1

Suspensions..................................................................................

-272

43

-216

43

-56

Mergers and consolidations, excluding banks converted

into branches..........................................................................

Voluntary liquidations.............................................................

110

65

108

65

2

Branches otherwise discontinued......................................... 54 54

Excluding banks succeeding, or succeeded by, other banks or branches. 

NOTE: More detailed figures will be found in Table 102, pages 102-04.

The total number of commercial banks in operation was reduced 

by 223 during 1936. Excluding successions, 289 banks ceased operations or were converted into branches, while 65 new banks began 

operations, and 1 trust company doing only a trust business was 

admitted to insurance and thereby included in the tabulation of the 

number of operating insured commercial banks at the close of the 

year. Of the banks ceasing operations 43 suspended operations (excluding one suspended bank immediately succeeded by a new bank), 

181 were eliminated through mergers, consolidations or conversions 

into branches, and 65 went into voluntary liquidation. An analysis 

of changes in the number of operating commercial banks and banking 

offices in the United States and possessions is presented in Table 16.

P a r t ic ip a t io n i n D e p o s it I n s u r a n c e

Number of operating insured and noninsured commercial

banks and banking offices. On December 31, 1936, the Federal 

Deposit Insurance Corporation insured deposits in 13,973 commercial 

banks operating 17,234 offices. The number of insured banks in 

operation was reduced by 153, or 1 percent, during the year. This 

reduction reflected chiefly mergers and the conversion of unit banks 

into branches of banks operating more than one office. The total 

number of banking offices of insured commercial banks showed little 

reduction during the year. The figures are shown in Table 17.

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

Notwithstanding the reduction in number, the proportion of operating commercial banks insured by the Corporation increased from 

91.9 percent at the beginning of the year to 92.2 percent at its close. 

The number of noninsured commercial banks in operation was 

reduced by 5.6 percent during the year, to 1,178 on December 31.

Table 17. N u m ber OF OPERATING INSURED AND NONINSURED COMMERCIAL

B a n k in g Offices in th e U n ited States a n d P ossessions,

D ecem ber 31, 1935, a n d D ecem ber 31, 1936

Dec. 31, 

1936

Dec. 31, 

19351

Change

during

year

N um ber o f banking offices............................................................. 18,516

17,234

1,282

15,151

13,973

1,178

18,622 -106

Insured................................................................................................. 17,265 -31

Noninsured........................................................................................... 1,357 -75

N um ber of b an k s................................................................................. 15,374

14,126

1,248

-223

Insured................................................................................................. -153

Noninsured........................................................................................... -70

Revised since publication of the Annual Report of the Federal Deposit Insurance Corporation for

the year ending December 31, 1935.

N OTE: More detailed figures will be found in Table 101, pages 100-01.

Deposits of operating insured and noninsured commercial

banks. On December 31, 1936, deposits of all commercial banks 

amounted to $50.8 billion, of which $49.2 billion, or 97 percent, were 

in insured banks and $1.6 billion, or 3 percent, were in noninsured 

banks. Deposits were $5.2 billion, or 11.4 percent, larger at the 

close than at the beginning of the year. Nearly all of the increase 

in deposits during the year was in insured banks. Deposits of noninsured banks increased by 6.5 percent. More detailed data regarding 

the number and deposits of banks are given in Tables 101-13, pages 

100-33, and consolidated statements of condition of all insured and 

noninsured commercial banks are presented in Table 114, page 134.

Table 18. CHANGES DURING 1936 IN DEPOSITS OF OPERATING INSURED

C om m ercial B a n k s

(Amounts in thousands of dollars)

Amount Change during year

Dec. 31, 

1936

Dec. 31, 

1935 Amount Percent

T o ta l.......................................................................... 49,257,984 44,125,621 +5,132,363 + 11.6

Demand deposits of individuals, partnernerships, and corporations............................ 23,419,236 20,074,063 +3,345,173 +16.7

Time deposits of individuals, partnerships, 

and corporations............................................. 13,454,142 12,495,559 +958,583 +7.7

Deposits of States and their political subdivisions ............................................................ 3,263,286 3,079,425 +183,861 +6.0

United States Government and postal 

savings deposits............................................... 1,086,301 1,161,236 -74,935 -6.5

Deposits of other banks; cash letters of credit, 

certified, officers’ and travelers’ checks 

outstanding...................................................... 8,035,019 7,315,338 +719,681 +9.8

N OTE: More detailed figures will be found in Table 116, pages 136-38.

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PARTICIPATION IN DEPOSIT INSURANCE 47

Deposits of insured commercial banks increased by 11.6 percent 

during 1936. The growth was distributed in about the same way in

1936 as in 1935 among the various types of deposits and the various 

parts of the country. The greater portion of the growth occurred in 

demand deposits of individuals, partnerships, and corporations. 

Their time deposits and deposits of other banks also contributed to 

the increase in total deposits. Deposits increased in all of the States, 

the rate of increase being largest in the East North Central States 

and least in the New England States. Figures for the country as a 

whole are shown in Table 18.

Admissions to and terminations of insurance. The total 

number of banks admitted to insurance during 1936 was 135. Of 

these, 36 were new banks, 46 were previously operating noninsured 

banks, 52 were banks which succeeded other insured banks or which 

withdrew from the Federal Reserve System, and 1 was a trust company not receiving regular demand and time deposits.

Table 19. ADMISSIONS TO AND TERMINATIONS OF INSURANCE DURING 1936

Total

Not

offset

by

terminations

Offset

by

terminations

T otal nu m ber o f adm ission s.......................................................... 135 83 52

New banks........................................ ................................................... 36 36

Operating banks admitted to insurance......................................... 46 46

Trust company not engaged in banking admitted to insurance. . 

Successors to insured banks.............................................................

1 1

46 46

Banks withdrawing from Federal Reserve System....................... 6 6

Total

Not

offset

by

admissions

Offset

by

admissions

Total num ber o f term in ations........................................................ 288 236 52

Banks ceasing operations—tota l................................................. 281 235 46

Suspensions....................................................................................... 41 40 1

Insolvent banks merged with aid of loans by the Federal 

Deposit Insurance Corporation............................................... 27 22 5

Other mergers, absorptions and consolidations.......................... 142 139 3

Other liquidations........................................................................... 31 31

Banks succeeded by other banks.................................................. 40 3 37

Withdrawals from Federal Reserve System.................................. 7 1 6

NOTE: More detailed figures will be found in Table 102, pages 102-04.

The total number of terminations of insurance, including withdrawals from Federal Reserve membership and banks succeeded by 

other banks, was 288. Of these, 68 were suspensions or mergers of 

insolvent banks, 173 were mergers of other banks, consolidations and 

liquidations, and 47 were banks which were succeeded by other banks 

or which withdrew from the Federal Reserve System. A classification 

of these admissions and terminations is given in Table 19.

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48 FEDERAL DEPOSIT INSURANCE CORPORATION

A s s e t s a n d L i a b i l i t i e s o f O p e r a t i n g I n s u r e d C o m m e r c ia l B a n k s

Assets and liabilities at the beginning and close of the year.

On December 31, 1936, total assets of operating insured commercial 

banks amounted to $56.2 billion. These assets were distributed as 

follows:

Cash and due from banks 28 per cent

Obligations of the United States Government 26 ”

Other securities 14 ”

Loans and discounts 28 ”

Miscellaneous assets 4 ”

During 1936 total assets of insured commercial banks increased 

by $5.3 billion or 10 percent. Cash and amounts due from other 

banks increased by 14 percent, holdings of United States Government 

securities by 11 percent, other securities by nearly 11 percent, and 

loans by 8 percent.

Table 20. CHANGES DURING 1936 IN ASSETS AND LIABILITIES OF OPERATING

I n su red C om m ercial B a n k s

(Amounts in millions of dollars)

Amount Change during year

Dec. 31, 

1936

Dec. 31, 

1935 Amount Percent

ASSETS

Cash and due from banks..................................... 15,731 13,851 +1,880 +13.6

Obligations of the United States Government 14,749 13,275 +1,474 +11.1

Other securities....................................................... 7,558 6,841 +717 +10.5

Loans and discounts............................................... 15,940 14,698 + 1,242 + 8.4

Miscellaneous assets............................................... 2,218 2,253 — 35 -r-1.5

T otal assets ................................................... 56,196 50,918 +5,278 + 10.4

LIABILITIES AND CAPITAL

Total deposits.......................................................... 49,258 44,126 +5,132 +11.6

Miscellaneous liabilities......................................... 609 582 +27 +4.6

Total capital account............................................. 6,329 6,210 +119 +1.9

T otal liabilities and capital a c c o u n t.. 56,196 50,918 +5,278 +10.4

N OTE: More detailed figures will be found in Table 116, pages 136-38.

Deposits increased by $5.1 billion during 1936. This growth was 

accompanied by a smaller proportionate growth in total capital 

account. Deposits increased by 12 percent while total capital 

account increased by only 2 percent. The ratio of total capital 

account to total assets was reduced from 12.2 percent on December 

31, 1935, to 11.3 percent on December 31, 1936.

Changes during 1936 in assets and liabilities of operating insured 

commercial banks are shown in Table 20.

Factors in growth of deposits and assets. As in 1935, the 

growth of deposits in 1936 reflected chiefly Treasury purchases of 

gold and silver and sale of United States Government obligations to

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ASSETS AND LIABILITIES OF OPERATING BANKS 49

the banks. The magnitude of these operations, however, and their 

influence on the growth of deposits was considerably less in 1936 than 

in 1935. On the other hand, loans and holdings of securities other 

than United States Government obligations, which had increased by 

only $0.6 billion in 1935, increased by $2 billion during 1936. Interbank obligations and float (checks in process of collection) increased 

by $1 billion in 1936. The figures are summarized in Table 21. The 

table shows figures for all commercial banks. Practically all of the 

changes, however, occurred in the insured commercial banks.

Table 21. M ajor FACTORS IN THE GROWTH OF DEPOSITS AND ASSETS

of C om m ercial B a n k s, 1935 and 1936

(Amounts in billions of dollars)

1936 1935

F actors ten din g to increase deposits and assets— t o ta l................................... 6.2 6.7

Increase in monetary gold and silver stocks1..................................................... 1.3 2.2

Net purchase of obligations of the U. S. Government........................................... 1.4 22.4

Net increases in loans and holdings of securities other than U. S. Government

obligations...................................................................................................................... 2.0 0.6

Increase in domestic interbank deposits................................................................... 0.7 1.1

Increase in float................................................................................................................ 0.3 0.4

Reduction in Treasury cash balances ............................................................... 0.5

Factors tending to decrease deposits and assets— t o ta l.................................. 0.9 1.1

Withdrawal of cash by the public............................................................................... 0.6 0.3

National bank notes retired........................................................................................... 0.2 0.4

Other factors— net influence......................................................................................... 0.1 0.4

Factors tending to reduce deposits b u t n ot assets:

Increase in total capital account.................................................................................. 0.1 0.1

Net grow th in total d ep osits............................................................................... 5.2 5.5

Factors tending to reduce assets b u t n ot deposits:

Retirement of bonds pledged to secure national bank notes................................ 0.7

Net grow th in total assets................................................................................ 5.3 4.9

lDoes not include gold purchased by the U. S. Government and held in its “ inactive account” . 

2Excluding retirement of bonds pledged by banks to secure national bank notes.

A p p r a is a l o f A s s e t s o f O p e r a t in g I n s u r e d C o m m e r c ia l B a n k s

n o t M e m b e r s o f T h e F e d e r a l R e s e r v e S y s t e m

Insured commercial banks not members of the Federal Reserve 

System hold approximately 23 percent of the deposits insured by the 

Federal Deposit Insurance Corporation and approximately 13 percent 

of the assets of all insured commercial banks. For these banks, 

which are examined by the Corporation, data regarding the examiners' 

appraisal of their assets have been compiled. Such data have not 

been compiled for banks which are members of the Federal Reserve 

System.

Worthless and doubtful assets. The assets of insured commercial banks not members of the Federal Reserve System estimated by 

examiners to be worthless or of doubtful worth amounted to 2.7

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50 FEDERAL DEPOSIT INSURANCE CORPORATION

percent of total assets at the time of examination in 1936. In 1935 

such assets amounted to 4.7 percent, and in 1934 to 6.7 percent of 

total assets. The figures are summarized in Table 22.

Table 22. WORTHLESS AND DOUBTFUL ASSETS AS OF D A TE OF EXAMINATION

1933— 1936

o p e r a t i n g i n s u r e d c o m m e r c ia l b a n k s n o t m e m b e r s OF THE FEDERAL r e s e r v e

SYSTEM GROUPED BY AMOUNT OF DEPOSITS

Percent of assets estimated to be worthless 

or of doubtful worth in—

1936 1935 1934 1933

All b an k s................................................................. 2.7 4.7 6.7 10.5

Banks w ith deposits o f—

$100,000 and under............................................ 4.3 5.1 6.2 9.3

$100,000 to $250,000......................................... 2.2 3.2 4.7 8.5

$250,000 to $500,000......................................... 1.8 3.0 5.2 8.7

$500,000 to $1,000,000...................................... 2.0 3.4 5.9 10.9

$1,000,000 to $2,000,000.................................. 2.6 4.6 6.5 11.5

$2,000,000 to $5,000,000.................................. 3.0 5.4 7.6 11.2

$5,000,000 to $50,000,000................................ 3.5 6.2 7.9 11.2

Over $50,000,000................................................ 2.5 5.3 8.1 9.5

NOTE: More detailed figures will be found in Tables 124-25, pages 156-61.

The reduction during 1936 in the proportion of assets judged to 

be worthless or of doubtful worth reflected write-offs of some assets 

and increases in the volume and appraised value of other assets. 

Holdings of worthless and doubtful assets were reduced between the 

1935 and the 1936 examinations to a greater extent proportionately 

in the large than in the small banks. In 1936 large banks held about 

the same proportions of worthless and doubtful assets as did small 

banks.

Table 23. SUBSTANDARD ASSETS AS OF DATE OF EXAMINATION IN 1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE 

SYSTEM GROUPED BY AMOUNT OF DEPOSITS

Percent of assets other than 

U. S. Government obligations 

classified as substandard

Loans Securities Other

assets

All ban ks................................................................................................ 21.0 24.6 13.1

Banks w ith deposits o f—

$100,000 and under............................................................................ 22.3 42.6 8.6

$100,000 to $250,000.......................................................................... 19.8 23.5 7.0

$250,000 to $500,000.......................................................................... 18.7 28.3 7.4

$500,000 to $1,000,000....................................................................... 20.4 22.6 9.8

$1,000,000 to $2,000,000.................................................................... 21.3 19.0 11.8

$2,000,000 to $5,000,000................................................................... 22.8 25.7 15.8

$5,000,000 to $10,000,000................................................................. 20.4 33.1 20.1

$10,000,000 to $50,000,000............................................................... 23.5 28.5 19.4

Over $50,000,000................................................................................. 19.0 14.3 15.1

NOTE:JFigures relating to loans and to other assets will be found iniTables 123-24, pages 152-59.

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CAPITAL OF OPERATING INSURED COMMERCIAL BANKS 51

Substandard assets.1 Holdings of substandard securities by 

operating insured commercial banks not members of the Federal 

Reserve System were reduced during 1936. About 25 percent of 

the securities held by these banks, other than obligations of the 

United States Government, were substandard in 1936 compared with 

32 percent in 1935. During 1936 banks with deposits of less than 

$500,000 increased their holdings, while the larger banks, particularly 

those in important financial centers, reduced their holdings of substandard securities. Holdings of substandard loans amounted to 

21 percent of total loans in 1936 as compared with over 25 percent 

in 1935.

Table 23 shows for banks grouped by amount of deposits the 

proportions of the different types of assets classified as substandard 

in 1936.

C a p i t a l o f O p e r a t i n g I n s u r e d C o m m e r c ia l B a n k s

Total capital account of operating insured commercial

banks. On December 31, 1936, insured commercial banks reported 

a total capital account of $6.3 billion, an increase for the year of 

$100 million or 2 percent. The increase reflected chiefly the addition 

to capital account of $300 million of net profits after payment of 

dividends, and a reduction of $224 million in capital supplied by the 

Reconstruction Finance Corporation. Changes during the year are 

summarized in Table 24.

Table 24. ANALYSIS OF CHANGES IN TOTAL CAPITAL ACCOUNT OF

O p e r a t i n g I n s u r e d C o m m e r c ia l B a n k s D u r i n g 1936

(Amounts in millions of dollars)

T otal ca p ital a ccou n t, D ecem ber 31, 1936............................................................................... 6,329

6,210

+119

+300

-224

+43

T otal capital a ccou n t, D ecem ber 31, 1935 ..............................................................................

Net ch an ge durin g y e a r..................................................................................................................

Net profits after dividends..........................................................................................................

Capital supplied by Reconstruction Finance Corporation...................................................

Other contributions, retirements, and changes due to admission to or withdrawal 

from insurance............................................................................................................................

At the close of 1936 total capital account of insured commercial 

banks was equal to 11.3 percent of total assets. This compares with 

total capital amounting to 12.2 percent of total assets at the close of

1935, and of 13.2 percent of total assets at the close of 1934.

There is considerable variation among the banks in the ratio of 

their total capital accounts to total assets and to deposits. Among

1 Substandard assets are those which are not appraised as worthless but are considered by examiners to 

be hazardous and therefore undesirable for banks to hold. They include the appraised values of bonds below 

the fourth high rating by a recognized service, or its equivalent, of stocks, of defaulted securities, of other 

bonds not rated but considered by examiners to be hazardous, of hazardous loans, of banking house, furniture, 

and fixtures, and of other real estate.

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52 FEDERAL DEPOSIT INSURANCE CORPORATION

the insured commercial banks not members of the Federal Reserve 

System for which the Corporation has detailed information the ratio 

of total capital account to total deposits and to total assets tends to 

be higher in the small banks than in the large banks. This tendency 

appears to be present also in the banks members of the Federal 

Reserve System. Most of the large insured banks are members of 

the Federal Reserve System and the percent of deposits in banks with 

low capital ratios is greater for national and State banks members of 

the Federal Reserve System than for insured banks not members of 

the Federal Reserve System. Figures for all insured commercial 

banks as of December 31, 1935, are shown in Table 25. The table 

shows that 9 percent of all insured commercial banks reported total 

capital accounts equal to less than 10 percent of total deposits, but 

that these banks held more than 25 percent of the deposits of all 

insured commercial banks. Approximately 39 percent of the banks 

reported total capital accounts equal to 20 percent or more of total 

deposits, but these banks held only 11 percent of the deposits of all 

insured commercial banks.

Table 25. PERCENTAGE DISTRIBUTION OF NUMBER AND DEPOSITS OF

Oper ating I n sured C om m ercial B a n k s A ccording to

R atio of T otal Capital A ccount to T otal

D eposits, D ecem ber 31, 1935

Number

of

banks

Deposits

All b a n k s.................................................................................................................... 100% 100%

Banks w ith ratio o f total capital 

a ccou n t to total deposits o f—

Less than 5 percent.............................................................................................. O

6 to 10 percent....................................................................................................... 9 8

10 to 15 percent..................................................................................................... 28 44

15 to 20 percent..................................................................................................... 24 20

20 percent or m ore............................................................................................... 39 11

10.1 percent.

30.4 percent.

NOTE: Based upon figures taken from condition reports submitted as of December 31, 1935. 

More detailed figures relating to capital accounts of insured commercial banks not members of the Federal 

Reserve System will be found in Tables 26-8, pages 53-55; Table 122, pages 150-51; and Table 142, pages 

188-89.

Sound capital of operating insured commercial banks not

members of the Federal Reserve System, The sound capital of 

a bank gives a truer picture of the margin of protection afforded 

depositors and the Federal Deposit Insurance Corporation than does 

the total capital account. Sound capital is obtained by deducting 

from total capital account the book value of assets appraised by 

examiners as worthless or of doubtful worth and adding the determinable sound banking value of assets not shown on the books of the 

banks. Data regarding sound capital have been compiled only for 

those banks which are examined by the Federal Deposit Insurance 

Corporation.

At the time of examinations in 1936 the sound capital of 7,555 

operating insured commercial banks not members of the Federal

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CAPITAL OF OPERATING INSURED COMMERCIAL BANKS 53

Reserve System amounted to $984 million, or 91 percent of total 

capital account. The corresponding figure at time of examinations 

in 1935 was 77 percent; at the time of examinations in 1934, 67 

percent; and at the time of examinations for admission to insurance 

in 1933 and early 1934, 45 percent.

The change during 1936 reflected chiefly the increases in appraised 

values of assets. The improvement since the beginning of deposit 

insurance reflected in part recovery in values and in part the rehabilitation program described in the Annual Report of the Federal

Deposit Insurance Corporation for the year ending December SI, 193UAt the time of examinations in 1936 the sound capital of insured 

commercial banks not members of the Federal Reserve System 

amounted to 14.4 percent of the appraised value of assets and to 17.1 

percent of deposits. Both these figures were slightly larger than the 

corresponding figures at the time of examinations in 1935. Small 

banks tend to have higher ratios of sound capital to appraised value 

of assets and to deposits than do large banks.

These ratios and also the ratios of sound capital to total capital 

account at the time of examinations in 1933,1934,1935 and 1936, and 

for banks grouped by amount of deposits in 1936, are shown in 

Table 26.

Table 26. RATIO OF SOUND CAPITAL TO APPRAISED VALUE OF ASSETS,

t o D e p o s i t s , a n d t o T o t a l C a p i t a l A c c o u n t , a s o f D a t e

o f E x a m i n a t i o n , 1933-1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE 

FEDERAL RESERVE SYSTEM

Ratio, in percent, of sound capital to—

Appraised 

value of 

assets

Deposits

Total

capital

account

All banks as o f date of exam ination in—

1933....................................................................................................... 9.6 11.2 45.1

1934....................................................................................................... 13.5 15.8 67.2

1935....................................................................................................... 14.0 16.6 76.5

1936:

All ban k s......................................................................................... 14.4 17.1 90.9

Banks with deposits o f—

$100,000 and under......................................................................... 23.8 31.6 85.8

$100,000 to $250,000...................................................................... 17.3 21.2 92.7

$250,000 to $500,000...................................................................... 14.5 17.1 95.2

$500,000 to $1,000,000................................................................... 14.1 16.6 94.5

$1,000,000 to $2,000,000............................................................. 14.0 16.6 90.6

$2,000,000 to $5,000,000............................................................... 14.1 16.6 89.3

$5,000,000 to $10,000,000............................................................. 14.2 17.3 87.5

$10,000,000 to $50,000,000........................................................... 14.1 16.9 86.2

Over $50,000,000............................................................................. 12.6 14.6 97.1

NOTE: More detailed figures will be found in Table 122, pages 150-51.

The improvement in the sound capital position of operating insured 

commercial banks not members of the Federal Reserve System is also

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54 FEDERAL DEPOSIT INSURANCE CORPORATION

revealed by Table 27. The Table shows for successive examinations 

the distribution of banks according to the ratio of sound capital to 

total deposits. The proportion of banks without sound capital was 

much smaller at the time of examinations in 1936 than at the previous 

examinations. The proportion of banks with a ratio of sound capital 

to deposits of less than 10 percent was lower and the proportion with 

a ratio of 10 percent or more was higher in 1936 than in the earlier 

years.

Table 27. PERCENTAGE DISTRIBUTION OF NUMBER OF BANKS ACCORDING

t o R a t i o o f S o u n d C a p i t a l t o D e p o s it s a s o f D a t e o f E x a m i n a t i o n ,

1933— 1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE

FEDERAL RESERVE SYSTEM

1936 1935 1934 1933

All b a n k s ................................................................. 100.0% 100.0% 100.0% 100.0%

Banks w ith ou t sound c a p ita l....................

Banks w ith ratio o f sou n d capital to 

deposits o f—

.3 .5 .6 10.0

0 to 5 percent.............................................. .9 1.6 1.9 9.6

5 to 10 percent............................................ 10.0 10.9 10.5 14.9

10 percent or m ore..................................... 88.8 87.0 87.0 65.5

In 1936 nearly nine-tenths of the banks had a sound capital equal 

to 10 percent or more of deposits. About one-fifth of the banks had 

a sound capital equal to 25 percent or more of deposits. These banks 

were generally small banks, however, and held only 13 percent of 

the deposits of all insured commercial banks not members of the 

Federal Reserve System. The banks with sound capital equal to 

less than 10 percent of deposits, comprising 11 percent of all the 

banks, held about 17 percent of the deposits. The figures are shown 

in Table 28.

Capital supplied by the Reconstruction Finance Corporation. During 1936 the amount of capital obligations of insured 

commercial banks held by the Reconstruction Finance Corporation 

decreased by $224 million, or 26 percent. At the end of the year 

the bank capital supplied to insured commercial banks by that 

Corporation was 10 percent of the total capital account of all insured 

commercial banks, as compared with 14 percent at the end of 1935. 

Approximately one-fifth of the total par value of capital stock, notes, 

and debentures of insured commercial banks on December 31, 1936, 

was held by the Reconstruction Finance Corporation.

At the close of 1936 the Reconstruction Finance Corporation held 

capital obligations of about two-fifths of the insured commercial 

banks not members of the Federal Reserve System, and of about 

one-third of those which were members of the Federal Reserve 

System.

Figures showing by States holdings of the capital obligations of

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EARNINGS OF OPERATING INSURED COMMERCIAL BANKS 55

insured commercial banks by the Reconstruction Finance Corporation 

are given in Tables 126 and 127, pages 162 and 163.

Table 28. PERCENTAGE DISTRIBUTION OF NUM BER AND DEPOSITS OF BANKS

A ccording to R atio of Sound Ca pital to D eposits

a s of D ate of E xa m in a t io n in 1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE 

FEDERAL RESERVE SYSTEM

Number

of

banks

Deposits

A ll b a n k s.................................................................................................................... 100.0%

.3

100.0%

Banks w ith ou t sou n d c a p ita l....................................................................... .3

Banks w ith ratio o f sound capital to 

deposits o f—

0 to 5 percent................................................................................................. .9 1.2

5 to 10 percent.............................................................................................. 10.0 15.5

10 to 15 percent............................................................................................ 27.5 35.7

15 to 20 percent............................................................................................ 23.5 22.2

20 to 25 percent............................................................................................ 15.7 12.2

25 percent or m ore....................................................................................... 22.1 12.9

N O TE. The percentages in this table relate only to insured banks not members of the Federal 

Reserve System. Inclusion of figures for national and State banks members of the Federal Reserve 

System would increase the proportion of deposits in banks with capital ratios of less than 10 percent 

and reduce the proportion of deposits in banks with high capital ratios, due in considerable part to 

inclusion of large banks with low capital ratios. See also Table 25.

E a r n in g s o f O p e r a t i n g I n s u r e d C o m m e r c ia l B a n k s

Reports of earnings, expenses, and disposition of profits of all 

national banks and of all State banks in the District of Columbia are 

submitted by these banks to the Comptroller of the Currency. Reports of State banks members of the Federal Reserve System are 

submitted to the Federal Reserve banks and the Board of Governors 

of the Federal Reserve System. Reports of insured banks not members of the Federal Reserve System, other than insured national banks 

in the possessions and banks in the District of Columbia, are submitted to the Federal Deposit Insurance Corporation.

Current operating earnings. Gross earnings from current 

operations of all insured commercial banks during 1936 amounted to 

$1,564 million, an increase of $81 million, or 5 percent, over 1935. 

The percentage increase in earnings was approximately one-half that 

in earning assets. Current operating expenses, amounting to $1,083 

million in 1936, were 4 percent larger than in the previous year.

Net current operating earnings in 1936 amounted to $481 million. 

This is an increase of 9 percent over 1935. Net current operating 

earnings in 1936 were equivalent to $0.90 for each $100 of total 

assets, as compared with $0.92 in 1935. Net current operating 

earnings were equivalent to 7 2/3 percent on total capital account, 

which is also slightly higher than in 1935.

Table 29 shows earnings, expenses, and disposition of profits of 

all insured commercial banks in 1934, 1935 and 1936. Table 30 

shows for 1936 earnings, expenses, and disposition of profits of these

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banks in amounts and in relation to their assets and total capital 

account.

56 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 29. EARNINGS, E x p e n s e s , AND DISPOSITION OF PROFITS OF 

O p e r a t i n g I n s u r e d C o m m e r c ia l B a n k s , 1934, 1935 a n d 1936

(Amounts in millions of dollars)

1936 1935 1934

Gross current operating earnings.......................................................... 1,564 1,483 1,515

Total current operating expenses......................................................... 1,083 1,041 1,067

Net current operating earnings.............................................. 481 442 448

Profits on assets sold, recoveries, etc.................................................. 584 432 292

Losses, charge-offs, etc........................................................................... 540 667 1,079

Net profits1 ................................................................................... 523 207 >-339

Cash dividends declared and interest paid on capital...................... 223 207 188

Net profits after dividends...................................................... 300 *-527

1 After income taxes, which are included under total current operating expenses except for banks not 

members of the Federal Reserve System in 1936. Income taxes of $‘2,442,000 were paid by these banks. 

aNet loss

N OTE: More detailed figures will be found in Table 128, page 164.

Net profits. Net profits in 1936, after allowing for losses and 

depreciation written off, recoveries on assets previously written off. 

and profits on securities sold, amounted to $523 million—equivalent 

to 8 1/3 percent on total capital account—or more than net current 

operating earnings. Net profits were more than two and one-half 

times as large in 1936 as in 1935, when they amounted to $207 million, 

This increase in net profits was due to substantially smaller loss and 

depreciation charges on assets in 1936 as compared with 1935, and 

substantially larger profits on securities sold and recoveries from 

assets previously charged off.

Table 30. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, AND

T h e i r R e l a t i o n t o T o t a l A s s e t s a n d t o T o t a l C a p i t a l

A c c o u n t o f O p e r a t i n g I n s u r e d C o m m e r c ia l

B a n k s , 1936

Amounts 

in millions 

of 

dollars

Amounts per $100 of—

Total

assets1

Total

capital

account1

Gross current operating earnings.......................................................... 1,564 $2.92 $24.94

Total current operating expenses.......................................................... 1,083 2.02 17.27

Net current operating earnings......................................... 481 $0.90 $ 7.67

Profits on assets sold, recoveries, etc.................................................... 584 1.09 9.32

Losses, charge-offs, etc........................................................................... 540 1.01 8.61

Net profits2................................................................................. 523 $0.98 $ 8.34

Cash dividends declared and interest paid on capital........................ 223 .42 3.55

Net profits after dividends.................................................... 300 $0.56 $ 4.79

Averages of call date figures.

5After income taxes, which are included under total current operating expenses except for banks not 

members of the Federal Reserve System. Income taxes of $2,442,000 were paid by these banks.

N OTE: More detailed figures will be found in Tables 128-29, pages 164-65.

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EARNINGS OF OPERATING INSURED COMMERCIAL BANKS 57

Approximately 43 percent of the net profits, or $223 million, were 

paid out in cash dividends and in interest on capital notes and debentures. Interest paid and dividends declared were equivalent to 3 ^ 

percent of total capital account, and to 7 percent of the par value of 

capital stock, notes, and debentures, slightly higher rates than in 1935.

The balance of the net profits, amounting to $300 million, was 

retained by the banks. In 1935 total cash dividends declared and 

interest paid on capital notes and debentures were equal to net profits.

Net current operating earnings of insured commercial banks

not members of the Federal Reserve System. Detailed figures 

regarding earnings, expenses, and disposition of profits of insured 

commercial banks not members of the Federal Reserve System grouped according to rate of net earnings, rate of net profits, size of 

bank, population of center in which located, and according to 

number of commercial banking offices in center, are presented in 

Tables 131-42, pages 168-89.

Table 31. DISTRIBUTION OF NUMBER AND DEPOSITS OF BANKS

A ccording to A m ount of N et E a r nin g s or D eficits

Per $100 of T otal A ssets, 1936

in su r ed com m ercial b a n k s not m em bers of th e fed eral r ese r v e system

operating throughout e n tir e y e a r

Number of banks Deposits 

(In millions of dollars)

Number Percent Amount Percent

A ll b a n k s................................................................. 7,460 100.0 5,694 100.0

B anks w ith n et deficits of— 1

Over $0.50............................................................ 41 .5 13 .2

$0.50 or less......................................................... 166 2.2 87 1.5

Banks w ith n et earnings o f— 1

$0.50 or less............................................................... 893 12.0 707 12.4

$0.51 to $1.00...................................................... 1,865

2,146

25.0 1,601 28.1

$1.01 to $1.50...................................................... 28.8 1,969 34.6

$1.51 to $2.00...................................................... 1,293 17.3 807 14.2

$2.01 to $2.50...................................................... 596 8.0 329 5.8

$2.51 to $3.00...................................................... 250 3.4 120 2.1

$3.01 and over..................................................... 210 2.8 61 1.1

2Net deficits or net earnings per $100 of monthly average total assets.

NOTE: More detailed figures will be found in Tables 138-40, pages 182-86, and Table 142, pages 

188-89.

Of the 7,460 insured commercial banks not members of the Federal 

Reserve System which reported to the Federal Deposit Insurance 

Corporation and operated throughout the year, 207, or 3 percent, 

showed net current operating deficits before allowing for profits on 

assets sold, recoveries, and depreciation and charge-offs. This was 

a much smaller number than reported operating deficits in 1935. 

The banks which showed net deficits held less than 2 percent of the 

deposits of insured commercial banks not members of the Federal 

Reserve System. Approximately 37 percent of the banks showed net 

current operating earnings of not more than one dollar for each $100 

of total assets; 46 percent showed net earnings of from $1.01 to $2.00 

and 14 percent showed net earnings of more than $2.00 for each 

$100 of total assets. The figures are shown in Table 31.

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58 FEDERAL DEPOSIT INSURANCE CORPORATION

On the average the small banks reported higher net earnings on 

each $100 of total assets than did the large banks. However, the 

small banks showed greater variability than did the large banks in 

the rate of net current operating earnings.

Net profits of insured commercial banks not members of

the Federal Reserve System. Of the 7,460 insured commercial 

banks not members of the Federal Reserve System whose reports 

were analyzed in detail, 1,046, or 14 percent, reported net losses, and 

6,414, or 86 percent, reported net profits after recoveries, charge-offs 

and taxes. Table 32 shows the distribution of the banks according 

to the amount of net profits or losses on each $100 of total assets.

Table 32. DISTRIBUTION OF BANKS ACCORDING TO AMOUNT OF NET

Profits or L osses Per $100 of T otal A ssets, 1936

INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM 

OPERATING THROUGHOUT ENTIRE YEAR

Number

of

banks

Percent

A ll b a n k s.................................................................................................................... 7,460 100.0

Banks w ith n et losses o f— 1

Over $3.00............................................................................................................... 114 1.5

$3.00 to $2.01......................................................................................................... 77 1.0

$2.00 to $1.01........................................................................................................ 169 2.3

$1.00 or less............................................................................................................ 686 9.2

B anks w ith n et profits o f— 1

$1.00 or less............................................................................................................ 3,044

2,343

40.8

$1.01 to $2.00........................................................................................................ 31.4

$2.01 and over....................................................................................................... 1,027 13.8

*Net losses or net profits per $100 of monthly average total assets.

N OTE: More detailed figures will be found in Tables 141-42, pages 187-89.

In general the banks with high rates of net current operating 

earnings showed high rates of net profits after recoveries and chargeoffs and banks with low rates of net earnings or with net current 

operating deficits showed low rates of net profits or showed net 

losses. However, of the 7,253 banks showing net current operating earnings, 936, or 13 percent, showed net losses after recoveries 

and charge-offs. Of the 207 banks showing net current operating 

deficits 97, or 47 percent, showed net profits after recoveries and 

charge-offs, and 110, or 53 percent, showed net losses. The figures 

are presented in Table 33. Approximately 3,500 of the banks 

reported net profits that were smaller than net current operating 

earnings. The smaller net profits reflected the fact that the amount 

of worthless assets charged off was greater than the amount of recoveries on assets previously charged off and profits on other 

assets, chiefly securities, sold. Approximately 2,000 banks reported 

net profits that were greater than net current operating earnings 

and approximately 2,000 banks reported net profits that were about 

the same as net current operating earnings.

In considering the figures of earnings, expenses, and disposition of 

profits of banks for a single year, or a few years, the figures of net

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EARNINGS OF OPERATING INSURED COMMERCIAL BANKS 59

current operating earnings are more significant than those of net 

profits, because they indicate the extent to which a bank is able to 

earn enough to cover its expenses. Net profits, on the other hand, 

may reflect numerous conflicting factors in any one year. In one 

bank net losses may reflect a conservative policy of charging off all 

losses promptly and of refraining from trading in securities for the 

purpose of obtaining a profit in the market. In another bank net 

profits may reflect the failure to charge off losses and the realization 

of market profits from trading in securities. A number of banks 

obtained substantial profits in 1936 through trading in securities.

Table 33. DISTRIBUTION OF N u m ber OF BANKS ACCORDING TO RATE OF NET

E ar nin g s a n d Profits, 1936

INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

OPERATING THROUGHOUT ENTIRE YEAR

All

banks

Banks with

Banks with net earnings of—_i

net

deficits $1.00

or

less

$1.01

to

2.00

$2.01

to

3.00

$3.01

and

over

All b a n k s .......... ......................... 7,460 207 2,758 3,439 846 210

Banks w ith n et losses 

of— i

Over $2.00.............................. 191 20 101 58 9 3

$2.00 to $1.01......................... 169 17 81 56 14 1

$1.00 or less............................ 686 73 326 226 48 13

Banks w ith n et profits 

o f— 1

$1.00 or less............................ 3,044 76 1,577

534

1,201 166 24

$1.01 to $2.00........................ 2,343 17 1,447 308 37

$2.01 and over ....................... 1,027 4 139 451 301 132

xNet earnings, net losses or net profits per $100 of monthly average total assets. 

NOTE: More detailed figures will be found in Table 142, pages 188-89.

Interest received and paid. Interest received on loans averaged 

6 percent in 1936 compared with 5% percent in 1935. There was 

practically no change in the average rate of interest and dividends 

received on securities, the figure being approximately V/% percent in 

both years. Rates of interest paid on time deposits averaged lower 

in 1936 than in 1935. The figures are shown in Table 34.

Table 34. INTEREST RECEIVED ON LOANS AND ON SECURITIES AND

Paid on T im e D eposits D u ring 1934, 1935 and 19361

INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

OPERATING THROUGHOUT ENTIRE YEAR

1936 1935 1934

Interest received per $100 of loans..................................................... $5.96 $5.75 $5.90

Interest and dividends received per $100 of securities.................... 3.55 3.51 3.77

Interest paid per $100 of time deposits............................................. 2.09 2.28 2.77

*For 1934 and 1935 asset and liability items are averages of call date figures; for 1936, averages of endof-month figures.

NOTE: More detailed figures for 1936 will be found in Tables 131-39, pages 168-85.

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60 FEDERAL DEPOSIT INSURANCE CORPORATION

I n s u r e d M u t u a l S a v i n g s B a n k s

Assets and capital of insured mutual savings banks. Total 

assets of the 56 insured mutual savings banks increased during the 

year from $1,108 million to $1,132 million, or by 2 percent. Holdings 

of real estate mortgages, which constitute about two-fifths of the 

assets of these banks, and also holdings of securities other than 

obligations of the United States Government, decreased. Holdings 

of United States Government obligations increased.

Mutual savings banks have no capital stock, but they maintain 

surplus and reserve accounts, consisting chiefly of undistributed 

earnings. The total capital account of insured mutual savings banks 

increased by about $6 million, or 5 percent, during 1936, the funds being derived from net profits for the year. These banks also retired $1 

million of their capital notes and debentures held by the Reconstruction Finance Corporation.

Total capital account of the insured mutual savings banks at the 

close of 1936 was equal to 12 percent of total assets and 13 percent of 

deposits, slightly higher proportions than in insured commercial 

banks. The Reconstruction Finance Corporation held capital notes 

and debentures of 25 of the banks amounting to $13 million, or 10 

percent of the total capital account of all insured mutual savings 

banks.

Table 115, page 135, gives comparative condensed balance sheets 

of the insured and noninsured mutual savings banks at the beginning 

and close of 1936.

Table 35. E a r n i n g s , E x p e n s e s , a n d D i s p o s i t i o n o f P r o f i t s o f 

t h e 56 M u t u a l S a v in g s B a n k s I n s u r e d b y t h e F e d e r a l 

D e p o s i t I n s u r a n c e C o r p o r a t i o n , 1935 a n d 1936

(Amounts in millions of dollars)

1936 1935

Interest received on real estate mortgages................................................................

Interest and dividends received on securities...........................................................

Other current operating earnings................................................................................

18.7

16.6

6.1

20.1

17.2

5.4

Gross current operating earn in gs............................................................ 41.4 42.7

Current operating expenses (excluding interest and dividends paid depositors).. 14.4 13.1

Net current operating earnings................................................................ 27.0 29.6

Profits on assets sold, recoveries, etc.........................................................................

Losses, charge-offs, etc.................................................................................................

11.7

11.4

7.0

8.6

Net profits available for distribution to depositors and for. 

addition to capital fu n d s ....................................................................... 27.3 28.0

Interest and dividends paid depositors......................................................................

Interest on and retirement of capital notes and debentures...................................

19.6

1.5

22.1

Net profits added to capital fu n d s ........................................................... 6.2 5.9

Earnings, expenses, and disposition of profits of insured

mutual savings banks. Gross current operating earnings of the 

56 insured mutual savings banks amounted to $41 million in 1936, or

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INSURED MUTUAL SAVINGS BANKS 61

3 percent less than in 1935. Somewhat less than half of the earnings 

was interest on real estate mortgages, on which the average rate of 

return was 4.0 percent as compared with 4.2 percent in 1935 and 4.4 

percent in 1934. Interest and dividends on securities showed an 

average rate of return of 3.4 percent in comparison with 3.7 percent 

in 1935 and 3.9 percent in 1934.

Current operating expenses, excluding interest and dividends to 

depositors, were somewhat higher than in 1935, so that net current 

operating earnings which amounted to $27 million in 1936 were 9 

percent less than in 1935. Recoveries from assets previously written 

off and profits on securities sold were approximately equal to losses 

and depreciation charged off, and net profits available for distribution 

to depositors and for addition to capital funds also amounted to 

$27 million.

About $20 million, or 72 percent of the net profits, were used to 

pay interest and dividends to depositors, equivalent to 2.0 percent on 

all deposits held. Interest and dividend payments in 1935 amounted 

to 2.3 percent on deposits. Of the remaining profits, $1 million were 

used to retire capital notes and debentures held by the Reconstruction 

Finance Corporation and $6 million were added to capital funds.

The earnings and expenses of the insured mutual savings bank 

in 1935 and in 1936 are given in Table 35.

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Federal Reserve Bank of St. Louis
PART THREE

DEPOSITS OF INSURED BANKS AS OF MAY 13, 1936

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D e p o s it s o f I n s u r e d B a n k s a s o f M a y 13, 1936

The Federal Deposit Insurance Corporation called upon insured 

banks to submit a special statement of their deposits as of May 

13, 1936. The Corporation desired (1) to estimate its contingent 

liabilities as an insurer of bank deposits, and to measure the way in 

which those liabilities are distributed geographically and among the 

different classes and sizes of banks, (2) to determine the extent to 

which various types of depositors are protected by Federal insurance 

of deposits or by pledge of security or by legal preferment, (3) to 

obtain more information than has hitherto been available regarding 

the types of deposits held by banks, and (4) to ascertain how the 

distribution of deposits had shifted since May 13, 1933, and since 

October 1, 1934, dates for which similar data are available.

The insured banks were requested to report the total number of 

accounts, the total amount of deposits, the number of accounts and 

amount of deposits in accounts with balances of more than $5,000 

each, and the number of accounts and amount of deposits in accounts 

with balances of $5,000 or less each for the following types of deposits:

1. U. S. Government and postal savings deposits;

2. Public funds of States and their political subdivisions;

3. Uninvested trust funds;

4. Deposits of banks;

5. Outstanding drafts;

6. Demand deposits of individuals, partnerships, and corporations 

(exclusive of uninvested trust funds);

7. Savings deposits and time deposits of individuals, partnerships, 

and corporations (exclusive of uninvested trust funds);

8. Other deposits.

The analysis did not give the number of depositors fully protected 

or the volume of deposits actually covered by insurance. The law 

specifies that in determining the insured portion of a balance due a 

depositor in a bank insured by the Federal Deposit Insurance Corporation all balances standing to the credit of the depositor in the 

same right and capacity in that bank shall be combined. If a depositor were to hold three accounts with balances of $1,000, $3,000 

and $4,000, respectively, in the same right and capacity in a given 

bank, $5,000 of his deposit would be insured and the remaining $3,000 

would not be protected by insurance but only by a general claim 

against the assets of the bank.

!The form used, Form 89, Summary of Deposits at Close of Business M ay IS, 1936, and instructions for the preparation of the form are given on pages 93 and 94 of this report. A pamphlet entitled Insurance of Deposits, summarizing the results of the tabulations made from these reports, was 

published in November 1936.

65

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66 FEDERAL DEPOSIT INSURANCE CORPORATION

In preparing the analysis of deposits the banks were instructed to 

report on the basis of accounts, without combining accounts standing 

to the credit of a depositor in the same right and capacity, in order to 

lessen their burden of work. Other studies made by the Corporation 

indicate that although there are substantial differences among 

banks, on the average the number of accounts in a given bank is 

about 10 percent greater than the number of depositors.. It is also 

estimated that the percent of total deposits insured is about one 

point less than the percent of total deposits in accounts of not more 

than $5,000 each and in the first $5,000 of accounts in excess of that 

amount.

For convenience and brevity the terms “insured deposits” , “ deposits covered by insurance” , “ deposits protected by insurance” , and 

“ deposits eligible for insurance” are used hereafter in connection with 

the figures for May 13, 1936, to designate the deposits in accounts of 

not more than $5,000 each and the first $5,000 of deposits in accounts 

with balances in excess of that amount. As a consequence the 

amount of insured deposits in all insured banks combined given for 

May 13, 1936, is estimated to be about 2 percent too high and the 

percentage insured about one point too high.

Deposits insured by the Corporation. The total amount of 

deposits insured by the Corporation on May 13, 1936, is estimated 

to have been about $20.5 billion. Of this amount about $19.6 billion 

were in the 14,092 insured commercial banks, and slightly under 

$1 billion were in the 56 insured mutual savings banks.1 Total 

deposits in the insured commercial banks amounted to more than $45 

billion held in over 57 million accounts. Total deposits in the 56 

mutual savings banks amounted to $980 million held in nearly 1.4 

million accounts. Approximately 43 percent of the deposits in insured commercial banks and 89 percent of the deposits in insured 

mutual savings banks were estimated to be insured.

Table 36. ACCOUNTS IN INSURED COMMERCIAL BANKS, MAY 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS

Number

of

banks

Number of accounts 

(in thousands) Average 

size of 

account Total Over

$5,000

$5,000 

or less

All b a n k s................................................................................ 14,085 57,398 922 56,476 $ 787

Banks w ith deposits o f—

$100,000 and under........................................................... 917 401 1 400 160

$100,000 to $250,000........................................................ 3,028 2,279 9 2,270 231

$250,000 to $500,000........................................................ 3,300 4,245 25 4,220 280

$500,000 to $1,000,000..................................................... 2,751 6,058 46 6,012 322

$1,000,000 to $2,000,000................................................. 1,926 7,343 73 7,270 368

$2,000,000 to $5,000,000................................................. 1,282 9,054 108 8,946 429

$5,000,000 to $10,000,000............................................... 441 5,723 87 5,636 539

$10,000,000 to $50,000,000............................................. 331 8,795 170 8,625 784

Over $50,000,000............................................................... 109 13,500 403 13,097 1,844

1The tables presented in this section show figures for 14,085 insured commercial banks; reports 

for 7 small banks were not available for tabulation.

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DEPOSITS OF INSURED BANKS 67

Insured deposits in commercial banks grouped by size.

Accounts in small banks were generally of smaller size and therefore 

more fully protected by insurance than were accounts in large banks. 

Deposits in banks with deposits of not more than $100,000 each 

averaged $160 per account. Deposits in banks with deposits of over 

$50,000,000 each averaged $1,844 per account. More detailed 

figures are shown in Table 36.

In the 11,922 banks with deposits of not more than $2,000,000 

each, 99 percent of the accounts were not in excess of $5,000 and 

82 percent of the deposits were insured. In the 2,054 banks with 

deposits of $2,000,000 to $50,000,000 each 98 percent of the accounts 

were not in excess of $5,000 and 57 percent of the deposits were insured. In the 109 banks with deposits of more than $50,000,000 each, 

97 percent of the accounts were not in excess of $5,000 and 25 percent 

of the deposits were insured.

Table 37. DEPOSITS OF INSURED COMMERCIAL BANKS, MAY 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS

Deposits (in millions of dollars)

Total

In

accounts

of

over

$5,000

In 

accounts 

of 

$5,000 

or less

Insured

Percent

insured

All b an k s................................................................................ 45,188 30,220 14,968 19,578 43

Banks w ith deposits o f—

$100,000 and under........................................................... 64 7 57 61 95

$100,000 to $250,000........................................................ 527 99 428 476 90

$250,000 to $500,000........................................................ 1,190 285 905 1,029 86

$500,000 to $1,000,000.................................................... 1,950

2,703

577 1,373 1,602 82

$1,000,000 to $2,000,000................................................. 960 1,743 2,111 78

$2,000,000 to $5,000,000................................................. 3,880 1,617 2,263 2,800 72

$5,000,000 to $10,000,000............................................... 3,086 1,544 1,542 1,976

3,239

64

$10,000,000 to $50,000,000............................................ 6,894 4,506 2,388 47

Over $50,000,000............................................................... 24,894 20,625 4,269 6,284 25

Although a larger proportion of deposits in small banks than in 

large banks is insured, the volume of insured deposits is concentrated 

in the large banks. One-third of the insured deposits on May 13,

1936, was in the 109 banks with total deposits in excess of $50,000,000 

each. Insured deposits in these banks amounted to about $6 billion. 

Approximately one-fourth of the insured deposits, $5 billion, was in 

the 772 banks with deposits of between $5,000,000 and $50,000,000 

each. Another one-fourth was in the 3,208 banks with deposits of 

between $1,000,000 and $5,000,000 each. In the 9,996 banks with 

deposits of not more than $1,000,000 each, constituting more than twothirds of all the insured banks, insured deposits amounted to about 

$3 billion or approximately one-sixth of the deposits insured by the 

Corporation. The figures are shown in Table 37.

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68 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 38. ACCOUNTS IN INSURED COMMERCIAL BANKS, MAY 13, 1936

BANKS GROUPED BY CLASS AND BY STATES

Number

of

I Number of accounts 

I (in thousands) Average 

size of

banks

Total Over

$5,000

$5,000 

or less

account

U nited States and possessions— to ta l....................... 14,085 57,398 922 56,476 $ 787

U nited S ta tes................................................................... 14,081 57,386 922 56,464 787

4 12 12 417

Class o f bank

National banks members F. R . System....................... 5,367 30,590 520 30,070 830

State banks members F. R . System............................. 1,014 11,271 253 11,018 1,233

Banks not members F . R . System................................ 7,704 15,537 149 15,388 380

State

Alabama............................................................................... 207 754 7 747 321

Arizona................................................................................. 15 102 2 100 716

Arkansas.............................................................................. 213 351 4 347 422

California............................................................................. 239 4,571 97 4,474 817

C olorado............................................................................... 139 456 6 450 651

Connecticut......................................................................... 105 669 11 658 700

Delaware.............................................................................. 44 135 3 132 919

District of Columbia......................................................... 22 559 8 551 580

Florida.................................................................................. 149 525 8 517 608

Georgia................................................................................. 261 871 9 862 449

Idaho..................................................................................... 57 142 2 140 528

Illinois.................................................................................. 863 3,706 69 3,637

1,351

989

Indiana................................................................................. 496 1,367 16 526

Iowa...................................................................................... 585 1,096 12 1,084 502

Kansas.................................................................................. 463 745 8 737 436

Kentucky............................................................................. 389 989 10 979 406

Louisiana............................................................................. 148 692 9 683 561

M aine................................................................................... 61 420 5 415 429

M aryland............................................................................. 184 840 12 828 627

Massachusetts.................................................................... 198 1,630 38 1,592 1,110

Michigan.............................................................................. 446 1,891 26 1,865 650

Minnesota............................................................................ 649 1,422 16 1,406 559

Mississippi............................................................................ 196 398 4 394 379

Missouri............................................................................... 635 1,829 29 1,800 722

M ontana.............................................................................. 120 197 3 194 629

Nebraska.............................................................................. 377 568 7 561 548

Nevada................................................................................. 9 38 1 37 711

New Hampshire.................................................................. 56 170 2 168 435

New Jersey.......................................................................... 388 3,223 41 3,182 479

New M exico........................................................................ 40 89 1 88 528

New Y ork............................................................................ 765 6,191 187 6,004 2,112

North Carolina.................................................................. 234 720 8 712 499

North D akota..................................................................... 192 199 2 197 357

692 3,520 45 3,475 561

Oklahoma............................................................................ 385 788 9 779 525

Oregon.................................................................................. 90 478 6 472 536

Pennsylvania....................................................................... 1,084 6,198 92 6,106 706

Rhode Island...................................................................... 16 403 7 396 571

South Carolina.................................................................... 111 281 4 277 438

South Dakota...................................................................... 196 229 2 227 371

Tennessee............................................................................. 307 930 10 920 469

Texas..................................................................................... 808 2,073 29 2,044 562

U tah...................................................................................... 59 239 3 236 615

Verm ont............................................................................... 76 260 3 257 388

Virginia................................................................................. 323 1,274 16 1,258 403

Washington......................................................................... 172 596 9 587 646

West Virginia...................................................................... 172 851 6 845 303

Wisconsin................................................................ ............ 586 1,588 16 1,572 487

W yom ing.............................................................................. 59 123 2 121 472

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DEPOSITS OF INSURED BANKS 69

Table 39. DEPOSITS OF INSURED COMMERCIAL BANKS, MAY 13, 1936

BANKS GROUPED BY CLASS AND BY STATES

Deposits (in millions of dollars)

Total

In

accounts

of

over

$5,000

In

accounts 

of 

$5,000 

or less

Insured

Percent

insured

U nited States and possessions— to ta l....................... 45,188 30,220 14,968 19,578 43

U nited S ta tes.................................................................. 45,183 30,218 14,965 19,574 43

P o sse ssio n s ...................................................................... 5 2 3 4 73

Class o f bank

National banks members F. R. System...................... 25,394 17,369 8,025 10,626 41

State banks members F. R. System............................. 13,897 10,635 3,262 4,526 32

Banks not members F. R. System ................................ 5,897 2,216 3,681 4,426 75

State

Alabama.............................................................................. 242 129 113 145 59

Arizona................................................................................ 73 39 34 44 60

Arkansas.............................................................................. 148 75 73 93 63

California............................................................................ 3,733 2,255 1,478 1,964 52

Colorado.............................................................................. 297 169 128 161 54

Connecticut........................................................................ 468 269 199 254 54

Delaware............................................................................. 124 77 47 63 50

District of Columbia.................................................... 324 193 131 172 53

Florida................................................................................. 319 200 119 160 50

Georgia................................................................................ 391 243 148 194 49

Idaho.................................................................................... 75 33 42 52 69

Illinois.................................................................................. 3,665 2,607 1,058 1,402 38

Indiana................................................................................ 719 377 342 420 58

Iow a..................................................................................... 550 244 306 367 66

Kansas................................................................................. 325 160 165 203 62

Kentucky............................................................................ 402 190 212 261 64

Louisiana............................................................................. 388 253 135 179 46

M aine................................................................................... 180 73 107 132 73

Maryland............................................................................. 527 338 189 250 47

Massachusetts.................................................................... 1,810 1,291 519 708 39

Michigan............................................................................. 1,230 696 534 666 54

Minnesota........................................................................... 795 414 381 463 58

Mississippi........................................................................... 151 64 87 109 71

Missouri............................................................................... 1,320 903 417 560 42

Montana.............................................................................. 124 60 64 81 64

Nebraska............................................................................. 311 161 150 184 59

Nevada................................................................................. 27 13 14 18 67

New Hampshire................................................................. 74 34 40 49 66

New Jersey.......................................................................... 1,544 740 804 1,009 65

New M exico........................................................................ 47 24 23 29 61

New York............................................................................ 13,073 11,125 1,948 2,882 22

North Carolina.................................................................. 359 213 146 184 51

North Dakota.................................................................... 71 21 50 57 81

Ohio...................................................................................... 1,975 1,073 902 1,127 57

Oklahoma............................................................................ 414 259 155 200 48

Oregon.................................................................................. 256 124 132 160 62

Pennsylvania...................................................................... 4,377 2,796 1,581 2,045 46

Rhode Island...................................................................... 230 139 91 126 54

South Carolina................................................................... 123 65 58 75 60

South Dakota..................................................................... 85 32 53 63 73

Tennessee............................................................................ 436 258 178 230 52

Texas.................................................................................... 1,165 733 432 577 49

Utah..................................................................................... 147 87 60 77 52

Vermont............................................................................... 101 28 73 86 85

Virginia................................................................................ 513 257 256 336 65

Washington......................................................................... 385 214 171 217 56

West Virginia...................................................................... 258 113 145 177 68

W isconsin............................................................................. 774 330 444 525 67

W yom ing............................................................................. 58 27 31 38 66

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70 FEDERAL DEPOSIT INSURANCE CORPORATION

Insured deposits by class of bank and by States. National 

banks reported deposits amounting to $25 billion of which nearly $11 

billion, or about 41 percent, were insured. These banks held more 

than half of the deposits insured by the Corporation. State banks 

members of the Federal Reserve System reported deposits amounting 

to $14 billion of which $4.5 billion or 32 percent were insured. These 

banks held slightly less than one-fourth of the deposits insured by the 

Corporation. Commercial banks not members of the Federal Reserve System reported deposits amounting to $6 billion of which $4 

billion or 75 percent were insured. These banks also held slightly 

less than one-fourth of the deposits insured by the Corporation.

The percent of total deposits insured in the various States ranged 

from 85 in Vermont to 22 in New York. The proportion of accounts 

with balances of not more than $5,000 each varied little from State 

to State.

More than half of the deposits insured by the Corporation were in 

banks located in the following six States: California, Illinois, New 

Jersey, New York, Ohio and Pennsylvania. Total insured deposits 

in these States ranged from $1 billion to $3 billion each. The figures 

are presented in Tables 38 and 39.

Insurance protection to depositors. In determining the insured portion of a balance due a depositor in a bank insured by the 

Federal Deposit Insurance Corporation the law specifies that all 

balances standing to the credit of a depositor in the same right and 

capacity in a given bank shall be combined. A depositor may carry 

accounts in as many insured banks as he desires and receive protection 

up to a maximum of $5,000 in each bank. As a consequence, although the maximum protection given to a single depositor is $5,000 

in a given bank, any depositor may increase his protection by spreading his deposits among insured banks. Some tendency to spread 

accounts among banks in order to secure increased insurance protection has been observed.

Table 40. ACCOUNTS IN INSURED COMMERCIAL BANKS, MAY 13, 1936

GROUPED BY TYPE OF DEPOSIT

Number of accounts 

(in thousands) Average 

size of 

account

Total Over

$5,000

$5,000 

or less

T otal......................................................................................................... 57,398 922 56,476 $ 787

Deposits of individuals, partnerships, and corporations:

Dem and............................................................................................ 22,106 416 21,690 893

Savings and tim e............................................................................ 32,568 332 32,231 386

Interbank............................................................................................. 93 66 27 67,903

Public funds of States and their political subdivisions............. 244 49 195 13,770

U. S. Government and postal savings.......................................... 14 5 9 83,214

Uninvested trust funds..................................................................... 516 26 490 2,229

D rafts.................................................................................................... 469 10 459 678

Other item s.......................................................................................... 1,393 18 1,375 419

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The amount of protection given by the Corporation varied widely 

among the types of deposits and depositors. The general public held 

$32 billion of deposits of which about 55 percent were insured. More 

than 95 percent of accounts in banks were of this type. Other depositors, consisting chiefly of banks, trust companies and governmental 

bodies, held deposits amounting to $13 billion, of which about 12 

percent were insured.

DEPOSITS OF INSURED BANKS 71

Table 41. DEPOSITS OF INSURED COMMERCIAL BANKS, MAY 13, 1936

GROUPED BY TYPE OF DEPOSIT

Deposits (in millions of dollars)

Total

In

accounts

of

over

$5,000

In 

accounts 

of 

$5,000 

or less

Insured

Percent

insured

Total......................................................................................... 45,188 30,220 14,968 19,578 43

Deposits of individuals, partnerships, and corporations:

Dem and....................................................................... 19,737 14,195 5,542 7,620 38

Savings and tim e....................................................... 12,559 3,867 8,692 10,351 82

Interbank............................................................................. 6,315 6,268 47 379 6

Public funds of States and their political subdivisions 3,360 3,182 178 422 12

U. S. Government and postal savings.......................... 1,165 1,154 11 37 3

Uninvested trust funds..................................................... 1,150 937 213 343 30

Drafts................................................................................... 318 203 115 167 52

Other item s......................................................................... 584 414 170 259 44

Demand deposits of the general public (individuals, partnerships, 

and corporations) were in 22 million accounts of which more than 98 

percent contained balances not exceeding $5,000 each, the maximum 

insurance for each depositor. The time deposits were in more than 

32 million accounts of which 99 percent contained balances not 

exceeding $5,000 each. The demand deposits in all insured banks 

were 38 percent insured. In the 13,204 banks with deposits of 

$5,000,000 or less each, the publics demand deposits were 81 percent 

insured. In the 881 banks with deposits of over $5,000,000 each, the 

demand deposits were 28 percent insured. Savings and time deposits 

of individuals, partnerships, and corporations were 82 percent insured.

Insurance coverage of the remaining deposits ranged from 3 percent 

for United States Government deposits to 52 percent for outstanding 

drafts. In general, a small proportion of the deposits of governmental 

bodies was protected by insurance. The figures are shown in Tables 

40 and 41.

Other protection to depositors. In addition to the protection 

given by insurance, deposits of governmental bodies and uninvested 

trust funds are covered to a considerable extent by pledge of security 

and by legal preferment over claims of other depositors and general 

creditors. Deposits of the United States Government, including 

postal savings funds in excess of amounts protected by insurance, 

are fully protected by pledge of security and by legal preference.

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72 FEDERAL DEPOSIT INSURANCE CORPORATION

On May 13, 1936, public funds of States and their political subdivisions in addition to being insured, were protected by the pledge of 

nearly $2 billion of assets. Some deposits were also protected by 

depository bonds written by private insurance companies. Unless 

protected by pledge of security most deposits of States are given a 

preferred position in the liquidation of banks placed in receivership. 

Deposits of political subdivisions of most States are not preferred. 

In all, it appears that about 75 percent of the public funds were protected by insurance, by pledge of security, or by legal preference.

About $600 million of assets were pledged for the protection of 

uninvested trust funds. All national banks and numerous State 

banks pledge assets to secure all trust funds which are redeposited in 

their own commercial banking departments. In New York State, 

the banks of which held approximately one-third of the uninvested 

trust funds, and in some other States, such funds occupy a preferred 

status in case of the failure of a bank. It is estimated that considerably 

over one-half of the uninvested trust funds are protected by insurance, 

by pledge of security, or by legal preference.

Number of accounts and of depositors. The total number of 

accounts reported by the insured commercial banks was 57 million. 

As previously stated, it is estimated that the number of accounts 

exceeds the number of depositors by about 10 percent. The number 

of depositors, as defined by law, in insured commercial banks, therefore, is estimated to have been about 52 million on May 13, 1936. 

Dormant accounts are included in the figure. In some banks almost 

one-half of the accounts are inactive.

The number of individuals, partnerships, corporations, banks and 

governmental bodies in the United States who actually hold bank 

accounts is less than the number of “ depositors” given above. It is 

not possible, with the data available, to estimate the number of those 

who hold accounts. Chain stores and large corporations have accounts in numerous banks, in some cases throughout the United States. 

The United States Government and the postal savings system hold 

more than 14,000 accounts, and the 15,000 banks in the country have 

more than 90,000 interbank accounts.

Types of deposits held by banks. One of the purposes of the 

inquiry was to obtain better information than had hitherto been 

available regarding the character of the deposit structure of the 

insured banks. Except for insured banks not members of the Federal 

Reserve System, data had not previously been available regarding 

the relative importance of the types of deposits held by the different 

classes of insured banks grouped according to size.

About 71 percent of the total deposits of insured commercial banks 

in the United States were deposits of the general public. Approximately 14 percent were interbank deposits; 10 percent were funds of 

the United States Government and agencies thereof, and of States 

and their political subdivisions; and approximately 5 percent conDigitized for FRASER 

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DEPOSITS OF INSURED BANKS 73

stituted trust funds, outstanding drafts, certified checks, and other 

miscellaneous items. Of the deposits of the general public, approximately three-fifths were demand deposits and two-fifths were 

time deposits.

In all insured banks combined, there was a tendency for demand 

deposits of the general public to be less important and of time deposits 

to be more important in larger than in smaller banks up to banks with 

deposits of $2,000,000 to $5,000,000 each. Thereafter the tendency 

was reversed, the relative importance of demand deposits being more 

and of time deposits less in the larger banks. The figures are shown 

in Table 42. In banks with deposits of $100,000 or less each, 

56 percent of total deposits were demand deposits of individuals, 

partnerships, and corporations. The proportion was 34 percent in 

banks with deposits of between $2,000,000 and $5,000,000 each, and 

48 percent in banks with deposits of over $50,000,000 each. Time 

deposits of individuals, partnerships, and corporations amounted to 

27 percent of total deposits in banks with deposits of $100,000 and 

under. The proportion was practically 50 percent in banks with 

deposits of from $2,000,000 to $5,000,000 each, and 17 percent in 

banks with deposits of over $50,000,000 each.

Table 42. PERCENTAGE DISTRIBUTION OF TYPES OF DEPOSITS OF INSURED

C om m ercial B a n k s , M a y 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS

Total

Deposits of 

individuals, 

partnerships, 

and 

corporations

Interbank

deposits

Public

funds

of

States,

etc.

U .S.

Government

deposits

Trust

funds Drafts Other

items

Demand

Savings

and

time

All ban ks....................................... 100.0% 43.7% 27.8% 14.0% 7.4% 2.6% 2-5% •7% 1.3%

Banks with deposits o f—

$100,000 and under................... 100.0 56.3 27.3 .4 12.2 .4 .1 2.9 .4

$100,000 to $250,000................. 100.0 48.5 34.0 .3 13.3 1.0 .1 2.3 .5

$250,000 to $500,000................. 100.0 43.2 39.5 .4 12.4 1.7 .2 2.1 .5

$500,000 to $1,000,000.............. 100.0 38.3 45.2 .7 11.1 2.2 .2 1.7 .6

$1,000,000 to $2,000,000.......... 100.0 36.3 47.4 1.2 10.2 1.9 .7 1.6 .7

$2,000,000 to $5,000,000.......... 100.0 34.4 49.2 2.4 8.6 1.9 1.2 1.3 1.0

$5,000,000 to $10,000,000 ., . 100.0 36.5 44.6 4.8 8.0 2.2 1.7 1.1 1.1

$10,000,000 to $50,000,000___ 100.0 39.6 30.8 12.5 9.0 2.9 3.1 .8 1.3

Over $50,000,000....................... 100.0 48.2 17.4 20.7 5.8 2.8 3.3 .3 1.5

Interbank deposits were unimportant in banks of small size but 

made up one-fifth of the deposits of banks with deposits of over 

$50,000,000 each. Public funds of States and their political subdivisions and outstanding drafts were relatively more important in 

small banks than in large banks. On the other hand, deposits of the 

United States Government and of postal savings funds constituted a 

greater proportion of total deposits among the larger banks than 

among the smaller banks.

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74 FEDERAL DEPOSIT INSURANCE CORPORATION

Figures for the different classes of banks show striking differences. 

In the banks members of the Federal Reserve System demand deposits 

were approximately twice as important as time deposits of the general 

public, whereas in the insured banks not members of the Federal 

Reserve System time deposits were more important than demand 

deposits of the general public. In the banks members of the Federal 

Reserve System there was a tendency for demand deposits to be less 

important and for time deposits to be more important in the larger 

than in the smaller banks up to banks with deposits of $2,000,000 

to $5,000,000 of deposits each. Among the banks with deposits of 

over $5,000,000 each, the tendency was reversed and the demand 

deposits tended to be more important and the time deposits less 

important in the larger than in the smaller banks.

In the banks not members of the Federal Reserve System the same 

tendency was also present but was not reversed in the case of banks 

with deposits of over $5,000,000 each. Except in the largest insured 

commercial banks not members of the Federal Reserve System there 

was little difference among the larger banks in the relative importance 

of demand deposits. The five banks with deposits of over $50,000,000 

each, reported only 10 percent of their deposits to be in demand 

accounts and 78 percent to be in time accounts of individuals, partnerships, and corporations, reflecting the fact that most of these banks 

did only a savings bank business. The figures are shown in Table 43.

Table 43. R a t i o OF D e m a n d AND T im e D e p o s i t s OF INDIVIDUALS, PARTNERSHIPS, 

a n d C o r p o r a t i o n s t o T o t a l D e p o s i 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 ,

M a y 13, 1936

BANKS GROUPED BY CLASS AND BY AMOUNT OF DEPOSITS

Demand deposits of 

individuals, partnerships, 

and corporations

Time deposits of 

individuals, partnerships, 

and corporations

Members F. R . 

System Not 

members 

F. R .

System

Members F. R . 

System Not 

members 

F. R .

National State National State System

All b a n k s............................................................... 43% 50% 34% 27% 20% 49%

Banks w ith deposits o f—

$100,000 and under.......................................... 66 71 55 20 14 28

$100,000 to $250,000....................................... 54 54 47 30 29 35

$250,000 to $500,000....................................... 45 44 42 38 37 41

$500,000 to $1,000,000.................................... 40 39 36 44 44 47

$1,000,000 to $2,000,000................................ 37 36 35 46 48 49

$2,000,000 to $5,000,000................................ 36 33 31 47 50 53

$5,000,000 to $10,000,000.............................. 38 38 31 42 45 52

$10,000,000 to $50,000,000............................ 41 41 30 26 34 44

Over $50,000,000.............................................. 45 54 10 19 14 78

Insurance coverage in 1936 and in 1934. Total deposits in 

insured commercial banks increased from $36 billion to $45 billion or 

by 25 percent between October 1, 1934, and May 13, 1936. The 

reports reveal a substantial growth in the volume of insured deposits 

but a decrease in the proportion of deposits insured. As of October 1, 

1934, the banks reported that nearly $16 billion, or 43.5 percent, of

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DEPOSITS OF INSURED BANKS 75

their total deposits were covered by insurance. As of May 13, 1936, 

insured commercial banks reported that nearly $20 billion, or 43.3 

percent of their total deposits, were in accounts of $5,000 or less each 

or constituted the first $5,000 of accounts exceeding that amount. 

The volume and proportion of deposits actually covered by insurance 

were somewhat smaller than shown by the figures for May 13, 1936.

Table 44. PERCENT OF DEPOSITS OF INSURED COMMERCIAL BANKS PROTECTED BY

I n s u r a n c e , M a y 13, 1936, a n d O c t o b e r 1, 1934

BANKS GROUPED BY AMOUNT OF DEPOSITS

May 13, 

19361

Oct. 1, 

1934

All b a n k s....................................................................................................................................... 43.3%

95.1

43.5%

91.7

Banks w ith deposits o f—

$100,000 and under..................................................................................................................

$100,000 to $250,000............................................................................................................... 90.3 86.9

$250,000 to $500,000............................................................................................................... 86.4 83.1

$500,000 to $1,000,000........................................................................................................... 82.2 78.8

$1,000,000 to $2,000,000........................................................................................................ 78.1 74.6

$2,000,000 to $5,000,000........................................................................................................ 72.2 69.1

$5,000,000 to $50,000,000...................................................................................................... 52.2 49.6

Over $50,000,000...................................................................................................................... 25.2 25.7

^ h e figures for M ay 13, 1936, overstate the percent of deposits insured but the overstatement is 

not sufficient to account for the increase between the two dates shown for most size groups.

The reduction in the proportion of deposits covered by insurance 

was due chiefly to reductions reported by the banks with deposits of 

more than $50,000,000 each. The banks with deposits or not more 

than $50,000,000 each, taken as a whole or by size groups, showed 

increases in the proportion of their deposits protected by insurance. 

The figures are given in Table 44.

Deposits on May IB, 1933, and May 13,1936. On May 13,1936, 

about 38 percent of the deposits in the 6,381 banks members of the 

Federal Reserve System were protected by insurance. Had deposit 

insurance been in effect on May 13, 1933, approximately 42 percent 

of deposits in these banks would have been insured.

Total deposits in this class of bank amounted to $39 billion on 

May 13, 1936, compared with $23.5 billion on May 13, 1933, an 

increase of 67 percent for the three years. The growth of deposits 

reflected in part an increase in membership in the Federal Reserve 

System but chiefly the growth of deposits in the banking system 

generally.

On May 13, 1936, the 6,381 bank members of the Federal Reserve 

System reported 42 million accounts. On May 13, 1933, the 5,500 

licensed banks members of the Federal Reserve System reported 31 

million accounts. The proportion of accounts with balances of $5,000 

or less was approximately the same, about 98 percent, in both years.

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76 FEDERAL DEPOSIT INSURANCE CORPORATION

Deposits in mutual savings banks. On May 13, 1936, the 56

mutual savings banks insured by the Federal Deposit Insurance 

Corporation reported total deposits of $980 million of which $878

million, or 89 percent, were estimated to be insured. This is a 

slightly higher protection than the 82 percent given to savings and 

time deposits of individuals, partnerships, and corporations in insured 

commercial banks.

Table 45. ACCOUNTS IN INSURED M U TU AL SAVINGS BAN KS, M A Y 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Number

of

banks

Number of accounts

Average

Total Over

$5,000

$5,000 

or less

size of 

account

U nited States— to ta l......................................................... 56 1,386,934 46,121 1,340,813 $ 707

Banks w ith deposits o f—

$100,000 and under.......................................................... 2 704 704 186

$100,000 to $250,000........................................................

$250,000 to $500,000........................................................ 3 6,275 28 6,247 194

$500,000 to $1,000,000.................................................... 6 19,199 107 19,092 238

$1,000,000 to $2,000,000................................................. 9 25,457 397 25,060 519

$2,000,000 to $5,000,000................................................. 14 90,036 1,085 88,951 406

$5,000,000 to $10,000,000............................................... 11 169,184 2,656 166,528 467

$10,000,000 to $50,000,000............................................. 6 150,032 4,801 145,231 797

Over $50,000,000............................................................... 5 926,047 37,047 889,000 784

State

Indiana................................................................................ 4 23,119 459 22,660 586

6 29,245 400 28,845 495

Maryland............................................................................. 2 8,405 18 8,387 142

1 204,823 2,738 202,085 317

New Jersey.......................................................................... 14 216,800 5,700 211,100 626

New York............................................................................ 2 395,663 26,953 368,710 1,262

Ohio...................................................................................... 3 187,873 5,538 182,335 622

Oregon.................................................................................. 1 1,376 27 1,349 756

Pennsylvania...................................................................... 2 16,194 122 16,072 343

Vermont.............................................................................. 14 107,403 1,958 105,445 627

3 174,121 2,128 171,993 323

Wisconsin............................................................................ 4 21,912 80 21,832 183

There appeared to be only a slight relationship between size of 

bank and the proportion of deposits insured for this class of bank. 

Insurance coverage in the different banks ranged from 100 percent 

to 78 percent. More than half of the deposits insured by the Corporation in mutual savings banks are in New York State. Threefourths of the insured deposits were in the five banks with deposits 

of over $50,000,000 each. The figures are shown in Tables 45 and 46.

The mutual savings banks reported a total of 1,387,000 accounts 

of which 1,341,000, or 97 percent, contained balances of not more 

than $5,000 each. The proportion of savings and time accounts with 

balances of not more than $5,000 in insured commercial banks was 

99 percent.

Nearly 89 percent of the deposits of insured mutual savings banks 

were insured on May 13, 1936, compared with 77 percent on October

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DEPOSITS OF INSURED BANKS 77

1, 1934. The increase in the proportion of deposits insured reflected 

chiefly the raising of the maximum allowable coverage per depositor 

in some of the banks. Under the law in effect on October 1, 1934, 

mutual savings banks could elect a maximum insurance per depositor 

of either $2,500 or $5,000. Twenty-four mutual savings banks had 

elected a maximum of $2,500 for each depositor. Approximately 68 

percent of the deposits in those banks were insured. Forty-four 

mutual savings banks had elected a maximum insurance of $5,000 

for each depositor, comparable to that in effect now, and approximately 88 percent of the deposits in those banks were insured. Under 

the present law the $5,000 maximum coverage for each depositor 

applies uniformly to each insured bank.

Table 46. DEPOSITS OF INSURED MUTUAL SAVINGS BANKS, MAY 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Deposits (in thousands of dollars)

Total

In

accounts

of

over

$5,000

In

accounts 

of 

$5,000 

or less

Insured

Percent

insured

U nited States— to ta l......................................................... 980,145 332,341 647,804 878,409 89

Banks w ith deposits o f—

$100,000 and under........................................................... 131 131 131 100

$100,000 to $250,000 ..........

$250,000 to $500,000........................................................ 1,217 214 1,003 1,143 93

$500,000 to $1,000,000..................................................... 4,570 839 3,731 4,266 93

$1,000,000 to $2,000,000................................................. 13,208 3,261 9,947 11,932 90

$2,000,000 to $5,000,000................................................. 36,526 8,396 28,130 33,555 91

$5,000,000 to $10,000,000............................................... 78,991 21,597 57,394 70,674 89

$10,000,000 to $50,000,000............................................ 119,518 38,825 80,693 104,698 87

Over $50,000,000............................................................... 725,984 259,209 466,775 652,010 89

State

Indiana................................................................................ 13,544 3,947 9,597 11,892 87

M aine................................................................................... 14,474 2,848 11,626 13,626 94

Maryland............................................................................ 1,191 203 988 1,078 90

Minnesota........................................................................... 64,895 16,348 48,547 62,237 95

New Jersey.......................................................................... 135,702 46,696 89,006 117,506 86

New Y ork............................................................................ 499,184 180,549 318,635 453,400 90

Ohio....................................................................................... 116,943 50,638 66,305 93,995 80

Oregon.................................................................................. 1,040 153 887 1,022 98

Pennsylvania...................................................................... 5,560 880 4,680 5,290 95

Vermont............................................................................... 67,302 15,245 52,057 61,847 91

Washington......................................................................... 56,310 14,148 42,162 52,802 93

W isconsin............................................................................ 4,000 686 3,314 3,714 92

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Federal Reserve Bank of St. Louis
PART FOUR

LEGISLATION, REGULATIONS AND INSTRUCTIONS

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EXTENSION OF LOAN AND PURCHASE POWERS

P ublic R eso lu tio n— N o. 83— 74th C ongress

S. J. R e s. 230

JOINT RESOLUTION

Amending paragraph (4) of subsection (n) of section 12B of the Federal Reserve Act, as amended.

R eso lved b y th e Se n a t e an d H ouse of R e p r ese n tat iv e s of th e U nited

States of A m erica in C ongress assem bled , That paragraph (4) of subsection (n)

of section 12B of the Federal Reserve Act, as amended, is amended by striking out

“ July 1, 1936” and inserting in lieu thereof “ July 1, 1938” .

Approved, April 21, 1936.

DEPOSIT INSURANCE LEGISLATION

81

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

REGULATIONS AND RULINGS OF THE CORPORATION

ADVERTISING BY INSURED BANKS

REG U LATIO N III

As Amended October 26, 1936, to be Effective November 20, 1936,

Superseding Regulation I I I of October 11, 1935

This regulation prescribes the requirements with regard to the official signs

insured banks must display and the requirements with regard to the official advertising statement insured banks must include in advertisements relating to deposits.

It also prescribes an approved emblem and an approved short title which insured

banks may use at their option. This regulation imposes no limitations on other

proper advertising of insurance of deposits by insured banks.

Paragraph (2), subsection (v), section 12B of the Federal Reserve Act, as

amended, provides as follows:

“ Every insured bank shall display at each place of business maintained by

it a sign or signs, and shall include in advertisements relating to deposits a

statement to the effect that its deposits are insured by the Corporation. The

board of directors shall prescribe by regulation the forms of such signs and the

manner of display and the substance of such statements and the manner of

use. For each day an insured bank continues to violate any provision of this

paragraph or any lawful provision of said regulations, it shall be subject to

a penalty of not more than $100, recoverable by the Corporation for its use.”

Subsection (a). Each insured bank shall continuously display on and after October

11, 1935, for so long as it continues to be an insured bank, an official sign as hereinafter prescribed at each station or window where insured deposits are usually and

normally received in its principal place of business and in all its branches: Provided,

That no bank becoming an insured bank after October 11, 1935, shall be required

to display such official signs until 21 days after its first day of operation as an insured

bank. The official signs may be displayed by any insured bank prior to the date

display is required.

Subsection (b). The official sign referred to in subsection (a) of this section shall

be seven inches by three inches in size, made of metal, furnished to banks by this

Corporation only, and of the following design:

The Federal Deposit Insurance Corporation

Scope of R eg u latio n

Section 1

Statutory Provisions

Section 2

Mandatory Requirements with Regard to the

Official Signs and Their Display

W ASHINGTON, D. C.

$5000 MAXIMUM INSURANCE FOR EACH DEPOSITOR $5000

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REGULATIONS 83

The Corporation shall furnish to banks an order blank for use in procuring the

official signs. Any bank which promptly, after receipt of the order blank, fills it in,

executes it, and properly directs and forwards it to the Federal Deposit Insurance

Corporation, Washington, D . C., shall not be deemed to have violated this regulation on account of not displaying an official sign or signs, unless the bank shall omit

to display such official sign or signs after same have been tendered to the bank

through the instrumentality of the United States mail or otherwise.

Subsection (c). Where two or more banks receive deposits in the same office or

offices, each bank operating as an insured bank and doing business in such office or

offices is forbidden on and after October 11,1935, or, in the case of a bank becoming

an insured bank after October 11, 1935, after its first day of operation as an insured

bank, to receive deposits at any window or station where any noninsured bank

receives deposits.

Subsection (d). Pursuant to written notice from the Corporation given to insured

banks at least thirty days prior to any date the Corporation specifies, provided on

such date special circumstances exist, with regard to particular banks, making a

change in the wording of the official signs to be used desirable, each insured bank

receiving such notice shall on and after the date specified in such notice change its

official sign or signs in accordance with the requirements of this Corporation.

Sectio n 3

Mandatory Requirements with Regard to the Official

Advertising Statement and Manner of Use

Subsection (a). Each insured bank shall include the official advertising statement, prescribed in subsection (b) of this section, in advertisements issued or

caused to be issued by it after November 20, 1936, of the types enumerated in

subsection (c) of this section as being of the class in which the official statement is

required to be included.

No bank which becomes an insured bank after October 26, 1936, is required to

include the official advertising statement in such advertisements until 60 days

after its first day of operation as an insured bank.

In cases where, in the opinion of the Board of Directors of the Federal Deposit

Insurance Corporation, undue hardship would result by reason of the requirements

of this subsection becoming operative as to a particular bank on the date fixed herein,

the Board of Directors may grant an extension of time applicable to the particular

bank affected, upon written application of the bank setting forth the facts.

In cases where advertising copy not including the official advertising statement

is on hand on the date the requirements of this subsection become operative, the

insured bank may cause the official advertising statement to be included by use of

a rubber stamp or otherwise.

Subsection (b). The official advertising statement shall be in substance as follows:

“ M E M B E R OF TH E FED ER AL DEPOSIT IN SU RAN CE CORPOR ATIO N.”

However, the word “ T H E ” or the words “ OF T H E ” may be omitted. Further,

the words “ This bank is a” or the words “ This institution is a” or the name of the

insured bank followed by the words “ is a” may be added before the word “ M E M ­

BE R .”

Subsection (c). The following is an enumeration of the types of advertisements

which when issued or caused to be issued by an insured bank, shall, in accordance

with the requirements of subsection (a) of this section, include the official advertising statement:

1. Statements of condition and reports of condition of an insured bank except

those required to be published by State or Federal law.

2. All calendars.

3. Institutional advertisements published in a newspaper, magazine, or other

periodical, bill board advertisements, posters, street car displays, signs,

plates, pamphlets, circular letters, leaflets, novelty and specialty advertisements, pay roll envelopes, display advertisements in directories such as

telephone, bank, and city directories and advertisements made by radio or

reproduced on the picture screen in theaters provided that of the types of

advertisements listed in this paragraph the following shall be exempted from

the requirement of including the official advertising statement:

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84 FEDERAL DEPOSIT INSURANCE CORPORATION

Exemptions:

(aa) Bank supplies such as stationery (except when used for circular letters),

envelopes, deposit slips, checks, drafts, signature cards, deposit pass

books, certificates of deposit, etc.

(bb) Signs or plates in the banking offices or attached to the building or

buildings in which the banking offices are located.

(cc) Listings in directories whether in heavy or other type.

(dd) Advertisements not setting forth the name of the insured bank.

(ee) Advertisements not containing any advertising relating to the insured

bank in addition to any or all of the following, its name, telephone number,

address, announcement of membership in the Federal Reserve System,

and subject matter specifically excluded under exemptions (aa) through

(oo).

(ff) Advertisements relating to the making of loans by the bank or loan

services.

(gg) Advertisements relating to safe keeping box business or services.

(hh) Advertisements relating to trust business or trust department services,

(ii) Advertisements relating to real estate business or services.

(jj) Advertisements relating to armoured car services.

(kk) Advertisements relating to service charges or analysis charges.

(11) Advertisements relating to securities business or securities department

services.

(mm) Display advertisements in bank directory on a page on which there are

bank listings whether in heavy or other type, provided the name of the

insured bank appears on some page of the listings in the directory, and

provided there appears on each page of the directory containing listings

a symbol or other descriptive matter indicating the banks which are

members of the Federal Deposit Insurance Corporation.

(nn) Advertisements relating to travel department business, including traveler’s

checks on which the bank issuing or causing to be issued the advertisement

is not primarily liable.

(oo) Joint or group advertisements of banking service where the names of

insured and noninsured banks are listed and form a part of such advertisements.

Subsection (d). Insured banks are not required to include the official advertising

statement in any type of advertisements other than those enumerated in subsection

(c) as being of the class in which such statement is required to be included.

Subsection (e). Where an insured bank has bill board advertisements outstanding, not excluded under exemptions (aa) through (oo) in Paragraph 3, subsection (c), section 3, and has direct control either by possession or under the

terms of a contract of such advertisements, it shall, if it can do so consistently with

its contractual obligations, cause the official advertising statement to be included

therein at such time as it would have been required to include the official advertising

statement had the advertisement been newly issued rather than previously outstanding.

Sectio n 4

Approved Emblem and Approved Short Title Which

Insured Banks May Use at Their Option

Subsection (a). The emblem reproduced below is hereby approved for the use

of insured banks.

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Subsection (b). The following short title is hereby approved for use of insured

banks on signs or plates attached to the outside of the bank building: “ M E M B E R

OF F D I C”

Subsection (c). No insured bank is required to use the emblem or short title to

any extent whatsoever. However, if any insured bank desires to use the emblem, it

may do so in any of its advertisements and on any of its bank supplies. Since the

approved emblem contains the official advertising statement in the outside circle, its

use in the type of advertisements listed in subsection (c), section 3 of this regulation

will satisfy the mandatory requirements of that section. The short title cannot be

substituted for the official advertising statement in the types of advertisements

required to include the latter.

Any insured bank may, in addition to the requirements of this regulation, use

any proper advertising of insurance of its deposits. For example, as an addition

to the official advertising statement, any insured bank may, at its option, use the

following in any of its advertisements:

“ Deposits in this bank are insured with

maximum insurance of $5000 for each depositor”

Further, in the case of display signs in the banking offices which, under the

provisions of this regulation, are not required to include the official advertising

statement, any insured bank may use, for example, any of the following:

1. “ The Federal Deposit Insurance Corporation insures deposits in this bank

with $5000 maximum insurance for each depositor.”

2. “ Deposits in this bank are insured by the Federal Deposit Insurance Corporation with $5000 maximum insurance for each depositor.”

3. Electric sign or other display reproductions of the official sign.

Sectio n 5

Penalties

No bank will violate any provision of paragraph (2), subsection (v), section 12B

of the Federal Reserve Act, as amended, or any provisions of this regulation if it

complies with the provisions of sections 2 and 3 of this regulation. No penalty

will be imposed for any violation of the provisions of this regulation until the bank

has been given an opportunity to be heard before the Board of Directors of this

Corporation.

RESOLUTION EXTENDING TIME FOR INSURED BANKS TO COMPLY

WITH REGULATION III, AS AMENDED

Approved by the Board of Directors on December 3, 1936.

“ W H EREAS, Many insured banks have failed to include the official advertising

statement on calendars, leaflets, pamphlets, payroll envelopes, circular letters,

diaries, novelty and specialty advertisements, which were ordered prior to the

effective date of the amendments to Regulation III; and

“ W H EREAS, It will cause such banks considerable undue hardship to have such

articles reprinted;

“ N O W TH EREFORE BE IT RESOLVED by the Board of Directors that

pursuant to paragraph 3, subsection (a), section 3 of Regulation III, as amended

October 26, 1936, banks which are members of this Corporation which have prior

to October 26, 1936, ordered calendars, leaflets, pamphlets, payroll envelopes,

circular letters, diaries, novelty and specialty advertisements which do not contain

the official advertising statement and have the same on hand or are unable to

change the orders heretofore placed are hereby granted an extension of time in

which to distribute such calendars, leaflets, pamphlets, payroll envelopes, circular

letters, diaries, novelty and specialty advertisements, which period of time shall

expire on December 31, 1937. This extension of time is hereby limited to those

calendars, leaflets, pamphlets, payroll envelopes, circular letters, diaries, novelty

and specialty advertisements which have been ordered by banks prior to October

26, 1936.”

RESOLUTION EXEMPTING BANKS WITH BRANCHES IN FOREIGN

COUNTRIES FROM PROVISIONS OF REGULATION III

UNDER CERTAIN CONDITIONS

Approved by the Board of Directors on December 17,1936.

“ W H EREAS, Paragraph (12), subsection (c) of section 12B of the Federal

Reserve Act, as amended, in defining the term ‘deposit* excludes those obligations

of a bank which are payable only at an office of a bank outside of the United States;

and

REGULATIONS 85

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86 FEDERAL DEPOSIT INSURANCE CORPORATION

“ W H EREAS, Some banks maintaining branches in foreign countries desire to

advertise but do not desire to include the official advertising statement in such

advertisements in view of the fact that the deposits in such branches are not insured;

“ N O W TH EREFORE BE IT RESOLVED, That Regulation III shall not

apply to those advertisements of banks which maintain offices in foreign countries

in which the deposits are not insured, when such advertisements are published in

foreign countries.”

PAYMENT OF DEPOSITS AND INTEREST THEREON BY INSURED

BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM

R EG U LATIO N IV

As Amended February 10, 1937, to be Effective February 11, 1937,

Superseding Regulation IV as Amended January 23,1936

A u t h o r i t y f o r a n d S c o p e o f R e g u l a t i o n

This regulation is issued under authority of paragraph (8), subsection (v) of section 12B of the Federal Reserve Act, as amended, which is published in the Appendix

hereto.

This regulation relates to the payment of deposits and interest thereon by insured

nonmember banks. This regulation is not applicable to banks which are members

of the Federal Reserve System. Regulation Q, prescribed by the Board of Governors of the Federal Reserve System for banks which are members of that System, is

not applicable to insured banks which are not members of the Federal Reserve

System, except to the extent that the State law of a particular State provides otherwise.

The provisions of this regulation do not apply to any deposit in a bank located

outside of or payable only at a bank’s office which is located outside of the States of

the United States and the District of Columbia.

S e c t i o n 1

Definitions

(a) Demand deposits. The term “ demand deposit” includes every deposit which

is not a “ time deposit” or “ savings deposit,” as defined below.

(b) Time deposits. The term “ time deposits” means “ time certificates of deposit”

and “ time deposits, open account,” as defined below.

(c) Time certificates of deposit. The term “ time certificate of deposit” means a

deposit evidenced by a negotiable or non-negotiable instrument which provides on

its face that the amount of such deposit is payable:

(1) On a certain date, specified in the instrument, not less than 30 days after the

date of the deposit; or

(2) At the expiration of a specified period not less than 30 days after the date of

the instrument; or

(3) Upon written notice to be given not less than 30 days before the date of

repayment.1

(d) Time deposits, open account. The term “ time deposit, open account” means

a deposit, other than a “ time certificate of deposit” or a “ savings deposit,” with

respect to which there is in force a written contract with the depositor that neither

the whole nor any part of such deposit may be withdrawn, by check or otherwise,

prior to the date of maturity, which shall be not less than 30 days after the date of

the deposit,2 or prior to the expiration of the period of notice which must be given

by the depositor in writing not less than 30 days in advance of withdrawals.3

*If the certificate of deposit provides merely that the bank reserves the right to require notice of not 

less than 30 days before any withdrawal is made, the bank must require such notice before permitting 

withdrawal.

2Deposits, such as Christmas club accounts and vacation club accounts, which are made under 

written contracts providing that no withdrawal shall be made until a certain number of periodic deposits 

have been made during a period of not less than 3 months, constitute “ time deposits, open account” even 

though some of the deposits are made within 30 days from the end of such period.

*[f a deposit be made with respect to which the bank merely reserves the right to require notice of 

not less than 30 days before withdrawal is made, the bank must require such notice to be given before 

permitting withdrawal.

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(e) Savings deposits. The term “ savings deposit” means a deposit evidenced by

a pass book consisting of funds (i) deposited to the credit of one or more individuals

or of a corporation, association or other organization operated primarily for religious,

philanthropic, charitable, educational, fraternal, or other similar purposes and not

operated for profit,4 or (ii) in which the entire beneficial interest is held by one or more

individuals or by such a corporation, association or other organization and in

respect to which—

(1) The depositor is required, or may at any time be required, by the bank to

give notice in writing of an intended withdrawal not less than 30 days before

such withdrawal is made; or the bank consistently continues to adhere to a

practice existing prior to January 23, 1936, of requiring notice of at least

15 days before permitting withdrawal;

(2) Withdrawals are permitted in only two ways, either (A) upon presentation

of the pass book, through payment to the person presenting the pass book,

or (B) without presentation of the pass book, through payment to the depositor himself but not to any other person, whether or not acting for the

depositor.5

The provisions of (i) and (ii) of this subsection (e), limiting savings deposits to

funds of certain classes of persons shall not be applicable to deposits received and

credited on or before February 1, 1936, to accounts evidenced by pass books in

insured nonmember banks and these deposits, together with interest subsequently

payable on such deposits, less any withdrawals from such accounts, may be classed

by insured nonmember banks as savings deposits under the terms of this subsection,

even though such deposits belong to an association, organization or corporation

organized for profit. The said provisions of (i) and (ii), however, shall be applicable

to deposits received subsequently to February 1, 1936, whether or not such deposits

are credited to an account existing prior to February 1, 1936.

The presentation by any officer, agent or employee of the bank of a pass book or a

duplicate thereof retained by the bank or by any of its officers, agents or employees

is not a presentation of the pass book within the meaning of this regulation except

where the pass book is held by the bank as a part of an estate of which the bank is a

trustee or other fiduciary, or where the pass book is held by the bank as security for

a loan. If a pass book is retained by the bank, it may not be delivered to any person

other than the depositor for the purpose of enabling such person to present the pass

book in order to make a withdrawal, although the bank may deliver the pass book

to a duly authorized agent of the depositor for transmittal to the depositor.

Every withdrawal made upon presentation of a pass book shall be entered in the

pass book at the time of the withdrawal, and every other withdrawal shall be

entered in the pass book as soon as practicable after the withdrawal is made.

Se ctio n 2

Demand Deposits

(a) Interest prohibited. Except as hereinafter provided, no insured nonmember bank shall directly or indirectly, by any device whatsoever, pay any interest

on any demand deposit. Within this regulation any payment to or for the account

of any depositor as compensation for the use of funds constituting a deposit shall be

considered interest.

(b) Exceptions. The prohibition stated in subsection (a) above does not apply

to—

(1) Payment of interest accruing before August 24,1937, on any deposit made by

a “ savings bank” 6 as defined in section 12B of the Federal Reserve Act, as

amended, or by a mutual savings bank;

(2) Payment of interest accruing before August 24, 1937, on any deposit of

public funds7 made by or on behalf of any State, county, school district, or

REGULATIONS 87

4Deposits in joint accounts of two or more individuals may be classified as savings deposits if they 

meet the other requirements of the above definition, but deposits of a partnership operated for profit 

may not be so classified. Deposits to the credit of an individual of funds in which any beneficial interest 

is held by a corporation, partnership, association or other organization operated for profit or not operated 

primarily for religious, philanthropic, charitable, educational, fraternal, or other similar purposes may 

not be classified as savings deposits.

Presentation of a pass book may be made over the counter or through the mails; and payment may 

be made over the counter, through the mails or otherwise, subject to the limitations of paragraph (2), 

subsection (e), section 1 as to the person to whom such payment may be made.

6Section 12B (c) (7) of the Federal Reserve Act which defines the term “ savings bank” is quoted in 

the Appendix hereto.

’ Deposits of moneys paid into State courts by private parties pending the outcome of litigation are 

not deposits of “ public funds,” within the meaning of the above provision.

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88 FEDERAL DEPOSIT INSURANCE CORPORATION

other subdivision or municipality, or on any deposit of trust funds, if the

payment of interest with respect to such deposit of public funds or of trust

funds is required by State law when such deposits are made in State banks;

(3) Payment of interest in accordance with the terms of any certificate of deposit

or other contract which was lawfully entered into in good faith before

February 1, 1936, (or, if the bank became an insured nonmember bank thereafter, before the date upon which it became an insured nonmember bank),

which was in force on such date, and which may not legally be terminated

or modified by such bank at its option and without liability; but no such

certificate of deposit or other contract may be renewed or extended unless

it be modified to eliminate any provision for the payment of interest on

demand deposits, arid every insured nonmember bank shall take such action

as may be necessary, as soon as possible consistently with its contractual

obligations, to eliminate from any such certificate of deposit or other contract

any provision for the payment of interest on demand deposits.

(c) Deposits in “savings banks” 6 in specifically designated deposit accounts with

respect to which withdrawal by checking is permitted in accordance with paragraph

(7), subsection (c), section 12B of the Federal Reserve Act, as amended, shall for

the purposes of this regulation be classed as demand deposits.

Section 3

Maximum Rate of Interest on Time and Savings Deposits

(a) Maximum rate prescribed from time to time. Except in accordance

with the provisions of this regulation, no insured nonmember bank shall pay interest

on any time deposit or savings deposit in any manner, directly or indirectly, or by

any method, practice, or device whatsoever. No insured nonmember bank shall

pay interest on any time deposit or savings deposit at a rate in excess of such applicable maximum rate as the Board of Directors of the Federal Deposit Insurance

Corporation shall prescribe from time to time; and any rate or rates wThich may be

so prescribed by the Board will be set forth in supplements to this regulation, which

will be issued in advance of the date upon which such rate or rates become effective.

(b) Modification of contracts to conform to regulation. No certificate of deposit or other contract shall be renewed or extended unless it be modified to conform

to the provisions of this regulation, and every insured nonmember bank shall take

such action as may be necessary, as soon as possible consistently with its contractual

obligations, to bring all of its outstanding certificates of deposit or other contracts

into conformity with the provisions of this regulation.

(c) Savings deposits received during first five days of month. An insured

nonmember bank may pay interest on a savings deposit received during the first

five days of any calendar month at the applicable maximum rate prescribed

pursuant to the provisions of subsection (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 regulation, whichever shall first occur.

(d) Continuance of time deposit status. A deposit which was a time deposit

at the date of deposit continues to be such until maturity although it has become

payable within 30 days, and interest at a rate not exceeding that prescribed pursuant

to the provisions of subsection (a) of this section may be paid until maturity upon

such deposit. A time deposit or a savings deposit, with respect to which notice of

withdrawal has been given, continues to be such until the expiration of the period

of such notice, and interest may be paid upon such deposit until the expiration of

the period of such notice at a rate not exceeding that prescribed pursuant to the

provisions of subsection (a) of this section. Interest at a rate not exceeding that

prescribed pursuant to the provisions of subsection (a) of this section may be paid

upon savings deposits with respect to which notice of intended withdrawal has not

actually been required or given. No interest shall be paid by an insured nonmember

bank on any amount which by the terms of any certificate or other contract, or

agreement, or otherwise, the bank may be required to pay within 30 days from the

date on which such amount is deposited in such bank,8 except as to savings deposits

with respect to which the bank consistently continues to adhere to a practice existing

prior to January 23, 1936, of requiring notice of at least 15 days before permitting

withdrawal.

(e) No interest after maturity or expiration of notice. Exception.

No interest shall be paid on any time or savings deposit for any period subsequent

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REGULATIONS 89

to maturity, whether such deposit matures by its terms on a specific date or at the

expiration of a notice period pursuant to written notice actually given, except if a

time certificate is renewed within 10 days after maturity, the renewal certificate9

may draw interest from the maturity date of the matured certificate.

Section 4

Payment of Time Deposits before Maturity

(a) Time deposits payable on a specified date. No insured nonmember bank

shall pay any time deposit, which is payable on a specified date, before such specified

date, except as provided in subsection (d) of this section.

(b) Time deposits payable after a specified period. No insured nonmember

bank shall pay any time deposit, which is payable at the expiration of a specified

period, before such period has expired, except as provided in subsection (d) of this

section.

(c) Time deposits payable after a specified notice. No insured nonmember

bank shall pay any time deposit, with respect to which notice is required to be given

a specified period before any withdrawal is made, until such required notice has

been given and the specified period thereafter has expired, except as provided in

subsection (d) of this section.

(d) Loans upon security of time deposits. An insured nonmember bank

may make a loan to the depositor upon the security of his time deposit, provided

that the rate of interest on such loan shall be not less than 2 percent per annum in

excess of the rate of interest on the time deposit.

Where a loan to the depositor upon the security of his time deposit upon terms

satisfactory to the insured nonmember bank and the depositor cannot be arranged,

and where the depositor signs a written statement to be kept in the files of the bank

that he is in need of money represented by the time deposit before the maturity

thereof, stating the definite amount needed, the time deposit may be paid before

maturity to the extent required to meet such need, but the depositor shall forfeit

accrued and unpaid interest for a period of not less than three months on the amount

withdrawn. When a portion of a time certificate of deposit is paid before maturity,

the certificate shall be cancelled and a new certificate shall be issued for the unpaid

portion of the deposit, with the same terms, rate, date and maturity as the original

deposit.

Section 5

Notice of Withdrawal of Savings Deposits

(a) Requirements regarding notice. An insured nonmember bank shall

observe the requirements set forth as follows in requiring notice of intended withdrawal of any savings deposit or part thereof or in permitting withdrawal without

requiring such notice:

(1) If an insured nonmember bank pay any amount or percentage of the savings

deposits of any depositor without requiring such notice, it shall, upon request,

and without requiring such notice, pay the same amount or percentage, of

the savings deposits of every other depositor, subject to the same notice

requirement, except if the bank changes its practice in accordance with

subsection (b) of this section.

(2) If an insured nonmember bank requires such notice before the payment of

any amount or percentage of the savings deposits of any depositor, it shall

require such notice before the payment of the same amount or percentage of

the savings deposits of any other depositor, subject to the same notice

requirement, except if the bank changes its practice in accordance with

subsection (b) of this section.

Even though the bank’s practice is to require notice, an insured nonmember bank

is not prevented by this regulation from paying during the next succeeding interest

period without requiring notice of withdrawal interest on a savings deposit which

has accrued during the preceding interest period.

(b) Requirements regarding change of practice. No insured nonmember

bank shall change its practice with respect to the requiring or not requiring of notice

8Deposits, such as Christmas club accounts and vacation club accounts, which are made under 

written contracts providing that no withdrawal shall be made until a certain number of periodic deposits 

have been made during a period of not less than 3 months, constitute “ time deposits, open accounts” 

even though some of the deposits are made within 30 days from the end of such period.

9Where a time certificate is renewed within 10 days after maturity, the renewal certificate may be 

dated back to the maturity date of the matured certificate.

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of intended withdrawal of savings deposits, except after duly recorded action of its

board of directors or of its executive committee properly authorized, and no practice

in this respect shall be adopted which does not conform to the requirements of

paragraphs (1) and (2) of this section.

(c) Change of practice for purpose of discrimination. No change in the

practice of an insured nonmember bank with respect to the requiring or not requiring of notice of intended withdrawal of savings deposits shall be made for the

purpose of discriminating in favor of or against any particular depositor or depositors.

(d) Requirements applicable although no interest paid. An insured nonmember bank shall observe the requirements of this section with respect to savings

deposits even though no interest be paid on such deposits.

(e) Loans upon security of savings deposits. An insured nonmember bank

may make a loan to any of its depositors upon the security of his savings deposits,

provided that if the bank’s practice is to require notice before permitting withdrawal of any amount or percentage of the savings deposits of any depositor, it shall

require like notice before permitting a loan on the security of the same amount or

percentage of such deposits.

A p p e n d i x

Statutory Provisions

Paragraph (8), subsection (v) of section 12B of the Federal Reserve Act, as

amended, provides as follows:

(8) The board of directors shall by regulation prohibit the payment of interest

on demand deposits in insured nonmember banks and for such purpose it may

define the term “ demand deposits” ; but such exceptions from this prohibition

shall be made as are now or may hereafter be prescribed with respect to deposits payable on demand in member banks by section 19 of this Act, as amended,

or by regulation of the Board of Governors of the Federal Reserve System.

The board of directors shall from time to time limit by regulation the rates of

interest or dividends which may be paid by insured nonmember banks on

time and savings deposits, but such regulations shall be consistent with the

contractual obligations of such banks to their depositors. For the purpose of

fixing such rates of interest or dividends, the board of directors shall by regulation prescribe different rates for such payment on time and savings deposits

having different maturities, or subject to different conditions respecting withdrawal or repayment, or subject to different conditions by reason of different

locations, or according to the varying discount rates of members banks in the

several Federal Reserve districts. The board of directors shall by regulation

define what constitutes time and savings deposits in an insured nonmember

bank. Such regulations shall prohibit any insured nonmember bank from

paying any time deposit before its maturity except upon such conditions and in

accordance with such rules and regulations as may be prescribed by the board

of directors, and from waiving any requirement of notice before payment of any

savings deposit except as to all savings deposits having the same requirement.

For each violation of any provision of this paragraph or any lawful provision of

such regulations relating to the payment of interest or dividends on deposits or

to withdrawal of deposits, the offending bank shall be subject to a penalty of

not more than $100, recoverable by the Corporation for its use.

Paragraph (7), subsection (c) of section 12B of the Federal Reserve Act, as

amended, provides as follows:

(c) As used in this section—

(7) The term “ savings bank” means a bank (other than a mutual savings

bank) which transacts its ordinary banking business strictly as a savings bank

under State laws imposing special requirements on such banks governing the

manner of investing their funds and of conducting their business: Provided,

That the bank maintains, until maturity date or until withdrawn, all deposits

made with it (other than funds held by it in a fiduciary capacity) as time savings

deposits of the specific term type or of the type where the right is reserved to

the bank to require written notice before permitting withdrawal: Provided

further, That such bank to be considered a savings bank must elect to become

subject to regulations of the Corporation with respect to the redeposit of maturing deposits and prohibiting withdrawal of deposits by checking except in

cases where such withdrawal is permitted by law on the effective date from

specifically designated deposit accounts totaling not more than 15 percentum

of the bank’s total deposits.

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Federal Reserve Bank of St. Louis
REGULATIONS 91

Issued by the Board of Directors of the Federal Deposit Insurance Corporation

Effective February 1, 1936

M A X IM U M RATES OF INTEREST PAYABLE ON TIM E AND SAVINGS DEPOSITS B Y 

INSURED NONM EM BER BANKS

Pursuant to the provisions of paragraph (8), subsection (v), section 12B of the

Federal Reserve Act, as amended, and section 3 of its Regulation IV, the Board of

Directors of the Federal Deposit Insurance Corporation hereby prescribes the

following maximum rates1 of interest payable by insured nonmember banks on time

and savings deposits:

(1) M axim um rate of percent. No insured nonmember bank shall pay

interest accruing after February 1,1936, at a rate in excess of 2H percent per annum,

compounded quarterly,2 regardless of the basis upon which such interest may be

computed,—

(a) On any savings deposit,

(b) On any time deposit having a maturity date six months or more after the

date of deposit or payable upon written notice of six months or more,

(c) On any postal savings deposit which constitutes a time deposit,

except that an insured nonmember bank may pay interest on any such deposits in

accordance with the terms of any certificate of deposit or other contract which was

entered into before February 1,1936, (or, if the bank becomes an insured nonmember

bank thereafter, before the date upon which it becomes an insured nonmember bank)

which was in force on such date and which may not legally be terminated or modified

by such bank at its option and without liability.

(2) Maximum rate of 2 percent. No insured nonmember bank shall pay

interest accruing after February 1, 1936, at a rate in excess of 2 percent per annum,

compounded quarterly, regardless of the basis upon which such interest may be

computed,—

(a) On any time deposit (except postal savings deposits which constitute time

deposits) having a maturity date less than six months and not less than

ninety days after the date of deposit or which is originally or becomes payable

upon written notice of less than six months and not less than ninety days,

except that an insured nonmember bank may pay interest on such deposits in accordance with the terms of any certificate of deposit or other contract which was

entered into before February 1, 1936, (or, if the bank becomes an insured nonmember bank thereafter, before the date upon which it becomes an insured nonmember

bank) which was in force on such date and which may not legally be terminated or

modified by such bank at its option and without liability.

(3) Maximum rate of 1 percent. No insured nonmember bank shall pay

interest accruing after February 1, 1936, at a rate in excess of 1 percent per annum,

compounded quarterly, regardless of the basis upon which such interest may be

computed,—

(a) On any time deposit (except postal savings deposits which constitute time

deposits) having a maturity date less than ninety days after the date of

deposit or which is originally or becomes payable upon written notice of less

than ninety days,

except that an insured nonmember bank may pay interest on such deposits in

accordance with the terms of any certificate of deposit or other contract which was

entered into before February 1, 1936, (or, if the bank becomes an insured nonmember bank thereafter, before the date upon which it becomes an insured nonmember bank) which was in force on such date and which may not legally be terminated or modified by such bank at its option and without liability.

(4) Banks which on January 23,1936, have outstanding certificates of indefinite

maturities representing deposit liabilities drawing interest as savings deposits must

within one year from February 1,1936, discontinue to pay thereon the rate applicable

hereunder to savings deposits unless meanwhile the same be converted into savings

deposits as defined in this regulation.

SUPPLEMENT TO REGULATION IV

!The maximum rates of interest payable by insured nonmember banks on time and savings deposits 

as prescribed herein are not applicable to any deposit which is payable only at an insured nonmember 

bank or at an office of an insured nonmember bank located outside of the States of the United States 

and the District of Columbia.

aThis limitation is not to be interpreted as preventing the compounding of interest at other than quarterly intervals, provided that the aggregate amount of such interest so compounded does not exceed the 

aggregate amount of interest at the rate above prescribed when compounded quarterly.

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

RULES RELATING TO THE PAYMENT OF ASSESSMENTS BY BANKS

WHOSE INSURED STATUS HAS TERMINATED

Approved by the Board of Directors on June 11, 1936

R ule 1

Where the insured status of a bank is terminated under the provisions of paragraph (1) of subsection (i), (of section 12B of the Federal Reserve Act, as amended,)

the bank shall continue to furnish certified statements and pay assessments as though

the insured status had not terminated and where the assessment to be paid on any

certified statement required to be filed will cover a period extending beyond two

years from the date of termination, the assessment to be paid on such certified statements shall be prorated to cover only such portion of the assessment period as falls

within the two year period from the date of termination.

R ule 2

If a bank whose insured status has been terminated under paragraphs (1) or (2)

of subsection (i), (of section 12B of the Federal Reserve Act, as amended,) makes

application to the Corporation, before the insurance of its deposits shall have ceased,

to be permitted to continue or to resume its status as an insured bank and if the

directors grant the application, the bank will be deemed, for assessment purposes, to

continue as an insured bank and must thereafter furnish certified statements and

pay assessments as though its insured status had not been terminated.

R ule 3

The deposit liabilities of one bank, if assumed by a second bank, will, except to

the extent that depositors of the first bank by affirmative action signify their

express intention to hold the first bank liable as debtor, be presumed for assessment

purposes to cease being deposit liabilities of the first bank on the date the assumption

becomes effective and be presumed for assessment purposes to become deposit

liabilities of the second bank on the same date.

R ule 4

Where the deposits of an insured bank are assumed by a new insured bank and

where the terms of the assumption or conditions upon which the new bank becomes

insured are such that the new bank is required to report in its certified statement

the entire deposit liability assumed by it as its deposit liability for assessment

purposes, the payment of assessments upon such certified statement by the new

bank shall be deemed payment of the continuing obligation of the terminating bank,

provided the requisite notice of assumption be given to depositors.

R ule 4 -A

Upon the written consent and direction of the terminating bank, the Corporation

will credit toward the payment of the first assessment of the new bank the prorated

portion of the assessment previously paid by the terminating bank, calculated upon

the average deposits of the terminating bank for the last thirty-one days of its

operation; provided that if this average be higher than the assessment base upon

which its last assessment was paid, the latter base shall be used.

R ule 5

Where the deposit liabilities of one insured bank are assumed by an operating

insured bank which previously had paid its assessment for the current period and

where the terms of the assumption are such, or the obligation of the assuming bank

is such, that the assuming bank is required to certify, or does certify, as a basis for

its next semi-annual assessment the combined deposit liability of the terminating

bank and its own deposit liability in arriving at the average deposits for assessment

purposes, the payment of assessments upon such certified statement by the assuming bank shall be deemed payment of the continuing obligation of the terminating bank, provided the requisite notice of assumption be given to depositors.

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Federal Reserve Bank of St. Louis
REGULATIONS 93

FORMS AND INSTRUCTIONS

INSTRUCTIONS FOR PREPARATION OF FORM 89

SUMMARY OF DEPOSITS AT CLOSE OF BUSINESS MAY 13, 1936

A. Number of accounts.—The bank is asked to report for each type of deposits

(a) the total number of deposit accounts, (b) the number of accounts with

balances of over $5,000, and (c) the number of accounts with balances of

$5,000 or less. For the purpose of this report, kindly note that:

1. Accounts of exactly $5,000 are included in accounts of $5,000 or less.

2. The number of dormant and inactive accounts is to be included in

number of accounts.

3. Do not combine accounts. Each account standing to the credit of a

depositor, whether or not in the same capacity and the same right, is to

be considered a separate account.

4. Each outstanding certificate of deposit, letter of credit sold for cash,

draft, certified and officers’ check is to be considered a separate account.

All travelers’ checks outstanding in the name of an individual should be

combined and reported as one account.

5. As shown in the records of the trust department, the uninvested trust

funds of each separate trust estate of which the bank is the fiduciary

should be considered as a separate account. If desired the principal

balance and the income balance may each be reported separately.

B. Deposits.—The bank is also requested to report for each type of deposits (a)

the total amount of deposit balances, (b) the sum of balances in accounts of

over $5,000, and (c) the sum of balances in accounts of $5,000 or less.

The deposit classifications correspond with the usual ledger and condition

report items, with the exception of item 3, which is found only in banks having

trust powers and which is computed from records of the trust department;

item 5, which is to be determined by you as of May 13, 1936; and item 8,

which is to be reported in accordance with Regulation I.

The total liability for deposits reported on Form 89 should agree with the

figure of total deposits reported for May 13, 1936, in Column A of F D I C

Form 555, Tabulation of Assessment Base.

C. Suggested procedure.— Records and the manner of keeping them vary among

different banks. Each bank can judge what method of preparing the data

is best adapted to its particular types of records.

The following procedure is suggested as a method which will produce the

information requested with a minimum of work to the bank:

1. Run a trial balance of deposit ledgers and of records of certificates,

obtaining total amount of deposits under each type of deposit requested.

2. From the adding machine tapes run a sum of the deposits in accounts

of over $5,000 in each type of deposit.

3. Subtract the amounts obtained in 2 from the totals in 1 to obtain the

amount of deposits in accounts of $5,000 or less in each type of deposit.

4. The number of accounts may be found by marking off the space required for listing one hundred accounts on an adding machine tape and

by using this as a measure on all of the tapes on which the deposit

accounts have been listed.

D. Banks operating branches.— Banks operating branches are requested to submit

a separate report for each office or branch in operation on May 13, 1936, as

well as a combined report for the bank as a whole.

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Federal Reserve Bank of St. Louis
DUPLICATE

Bank may retain this copy 

The F ed eral Deposit Insurance Corporation

SUM M ARY OF DEPOSITS

At close of business M ay 13, 1936

ZD

(Name of bank)

N umber op A ccounts

TY P E OF DEPOSITS

A mount of D eposits

Total Over $5,000 $5,000 or less Total In accounts of

over $5,000

In accounts of

$5,000 or less

U. S. Government and postal savings deposits

Dollars | Cts Dollars |Cts Dollars |Cts

1. 1 i 1 1 1

2. Public funds of States and other political subdivisions

3. Uninvested trust funds

(as recorded in trust department)

4. Deposits of foreign and domestic banks

5. Outstanding drafts

6. Demand deposits of individuals, partnerships, and

corporations

(exclusive of uninvested trust funds)

7. Savings deposits and time deposits of individuals,

partnerships, and corporations

(exclusive of uninvested trust funds)

8. Other items included in Column A Form 555

(such as letters of credit issued for cash; certified

officers’ and travelers’ checks outstanding and Federal Reserve deferred credit account)

9. Total

(amount of deposits should agree with Column A

Form 555)

M emorandum:

Uninvested trust funds deposited in own bank

(included in item 3 above).

Form 89 

Statistical 

Federal Deposit Insurance 

Corporation

The above statement is correct to the best of my knowledge and

(Cashier or President)

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
NUMBER OF BANKING OFFICES 97

N o t e R e g a r d i n g N u m b e r a n d C l a s s i f i c a t i o n o f O p e r a t i n g B a n k s a n d

B a n k i n g O f f ic e s

Classification of banks and banking offices

In su red ban ks include all banks insured by the Federal Deposit Insurance

Corporation; n on in su red b an ks include all banks not so insured.

C o m m e rcia l b an ks include the following categories of banks:

All operating national banks;

All 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 and, in New Hampshire, guaranty savings

banks;

All stock savings banks, excluding guaranty savings banks in New

Hampshire;

Banks in conservatorship or operating under restrictions, provided they are

authorized to and in fact do accept new deposits, regardless of the character of

the restrictions imposed on the operations of the bank;

Such industrial and Morris Plan banks as operate under general banking

codes or operate under the same codes of law as insured industrial banks;

Branches of foreign banks which engage in a general deposit business;

Cash depositories;

Private banks under State supervision, and such other private banks as are

reported by reliable unofficial sources to be engaged in deposit banking;

All insured trust companies, even though not engaged in regular deposit

banking;

Chief office in each of the possessions of branches of American and foreign

banks engaged in a general deposit business in those possessions.

M u tu a l savings banks include all banks operating under special State banking

codes applying to mutual savings banks, including all guaranty savings banks in

New Hampshire. The classification of mutual savings banks conforms with that

adopted by the Board of Governors of the Federal Reserve System except for one

bank classified as a mutual savings bank by that Board which is insured and classified

by the Federal Deposit Insurance Corporation as a commercial bank. Inclusion of

banks in the tables as mutual savings banks does not indicate that they are eligible in

every case for insurance as mutual savings banks by the Federal Deposit Insurance

Corporation.

B ranches or additional offices include all offices of banks operating more than

one office, other than head offices, at which deposits are received or checks cashed,

and all offices of insured trust companies not engaged in deposit banking. The term

b ran ch es or additional offices is used in accordance with the definition in paragraph (15), subsection (c) of section 12B of the Federal Reserve Act, which is

as follows:

“ The term ‘branch' includes any branch bank, branch office, branch agency,

additional office, or any branch place of business located in any State of the

United States or in Hawaii, Alaska, Puerto Rico, or the Virgin Islands at which

deposits are received or checks paid or money lent.”

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

Institutions excluded from the num ber of banks

Figures for operating banks do not include institutions in the following categories,

though such institutions may perform many of the same functions as banks:

Banks which have suspended operations or have decided to close up their

affairs, and have ceased to accept new deposits and are proceeding to liquidate

their assets and pay off existing deposits, regardless of the amount of deposit

liability still remaining and regardless of whether they are listed among operating banks or included in abstracts of condition of banks published by State banking authorities;

Building and loan associations, savings and loan associations, credit unions,

personal loan companies, and similar institutions, operating under special 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” ;

Noninsured Morris Plan companies, industrial banks, loan and investment

companies, and similar institutions, not operating under general State banking

codes, or under the same codes of law as similar institutions which have been

admitted to insurance;

Noninsured trust companies not engaged in receiving deposits from the

general public, regardless of whether they are listed among banks or included

in abstracts of condition of banks published by State banking authorities;

Branches of foreign banks, and of private banks, which confine their business

to foreign exchange dealings and do not receive “ deposits” as that term is

commonly understood;

A few special institutions chartered under general banking laws, but operating

as mortgage or investment companies and not engaged in deposit banking;

Federal Reserve banks and other banks, such as the Savings and Loan Bank

of the State of New York, which operate as rediscount banks and do not accept

deposits from the general public.

Revision of figures for December 31, 1935

Figures regarding the number of banks and of banking offices for December 31,

1935, have been revised since publication of the Annual Report of the Federal

Deposit Insurance Corporation for the year ending December, 31,1935. The revisions made are shown below.

N u m b er of in su red b an ks n o t m em b e rs of the Federal R eseive S y ste m .

Revised to include one Deposit Insurance National Bank authorized to accept

deposits.

Number of branches of insured banks. Revised (a) to include 9 branches of

national banks, 2 branches of State banks not members of the Federal Reserve

System, and 13 branches of insured banks not members of the Federal Reserve System

not previously reported by the banks operating them; (b) to include 3 offices of

national banks and 1 office of a State bank member of the Federal Reserve System

not previously considered to be “ branches” ; and (c) to exclude 1 branch of a national

bank discontinued during 1935 but not reported until later.

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Federal Reserve Bank of St. Louis
NUMBER OF BANKING OFFICES 99

N u m b er of n on in su red b a n k s. Revised (a) to include 37 banks in conservatorship or operating under restrictions; (b) to include 105 private banks not under

State supervision which are engaged in deposit banking; and (c) otherwise to adjust

the number in conformity with the definitions and criteria set forth above.

N u m b e r of b ran ch es of n on in su red b a n k s. Revised to include a number of

branches, chiefly in the possessions, not previously counted, and to adjust the number in conformity with the definitions and criteria of banks set forth above.

N u m b er of b an ks op eratin g m ore th a n one office. Revised as necessary in

accordance with revisions in the number of branches.

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

NUMBER OF BANKING OFFICES

T ab le 101. N u m b e r AND CLASSIFICATION OP OPERATING BANKS AND BANKING 

O f f i c e s , D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 19361

United States 

including possessions

United States 

excluding possessions

Dec. 31, 

1936

Dec. 31, 

19352

Net

change

Dec. 31, 

1936

Dec. 31, 

19352

i Net 

change

ALL BANKS AND BAN KIN G OFFICES

All ban king offices— t o ta l............................ 19,203 19,312 -109 19,109 19,218 -109

Insured.............................................................. 17,297 17,328 -31 17,290 17,324 - 34

N oninsured....................................................... 1,906 1,984 -78 1,819 1,894 - 75

All banks— t o ta l............................................... 15,714 15,940 -226 15,679 15,904 -225

Insured.............................................................. 14,029 14,182 -153 14,025 14,179 -154

Noninsured....................................................... 1,685 1,758 -73 1,654 1,725 -71

A ll branch es or a d d ition al o ffices ............ 3,489 3,372 + 117 3,430 3,314 +116

Insured.............................................................. 3,268 3,146 +122 3,265 3,145 +120

Noninsured....................................................... 221 226 -5 165 169 -4

C O M M ERCIAL BANKS

B anking offices— to ta l.................................. 18,516 18,622 -106 18,422 18,528 -106

Insured— total................................................. 17,234 17,265 -31 17,227 17,261 -34

Members F. R. System: national......... 6,733 6,724 + 9 6,733 6,724 + 9

Members F. R. System: State............... 2,034 1,956 +78 2,034 1,956 +78

Not members F. R. System..................... 8,467 8,585 -118 8,460 8,581 -121

Noninsured....................................................... 1,282 1,357 -75 1,195 1,267 -72

Banks— t o ta l..................................................... 15,151 15,374 -223 15,116 15,338 -222

Insured— total................................................. 13,973 14,126 -153 13,969 14,123 -154

Members F. R. System: national.......... 5,325 5,386 -61 5,325 5,386 -61

Members F. R. System: State............... 1,051 1,001 +50 1,051 1,001 +50

N ot members F. R. System..................... 7,597 7,739 -142 7,593 7,736 -143

Noninsured....................................................... 1,178 1,248 -70 1,147 1,215 -68

U nit banks— t o ta l........................................... 14,257 14,518 -261 14,233 14,494 -261

Insured— total................................................. 13,119 13,312 -193 13,117 13,310 -193

Members F. R. System: national........... 5,128 5,198 -70 5,128 5,198 -70

Members F. R. System: State............... 898 856 +42 898 856 +42

N ot members F. R. System..................... 7,093 7,258 -165 7,091 7,256 -165

Noninsured...................................................... 1,138 1,206 -68 1,116 1,184 -68

Banks operatin g m ore th an one office—

t o ta l.............................................................. 894 856 +38 883 844 +39

Insured— total................................................. 854 814 +40 852 813 +39

Members F. R. System: national.......... 197 188 + 9 197 188 + 9

Members F. R. System: State............... 153 145 + 8 153 145 + 8

N ot members F. R. System..................... 504 481 +23 502 480 +22

N oninsured....................................................... 40 42 -2 31 31

B ranches or addition al offices— t o ta l. . . 3,365 3,248 +117 3,306 3,190 +116

Insured— total................................................. 3,261 3,139 +122 3,258 3,138 +120

Members F. R. System: national.......... 1,408 1,338 +70 1,408 1,338 +70

Members F. R. System: State............... 983 955 +28 983 955 +28

N ot members F. R. System..................... 870 846 +24 867 845 +22

Noninsured....................................................... 104 109 -5 48 52 -4

All offices o f banks operatin g m ore than

on e office— t o ta l...................................... 4,259 4,104 +155 4,189 4,034 +155

Insured— total................................................. 4,115 3,953 +162 4,110 3,951 +159

Members F. R. System: national........... 1,605 1,526 +79 1,605 1,526 +79

Members F. R. System: State............... 1,136 1,100 +36 1,136 1,100 +36

N ot members F. R. System..................... 1,374 1,327 +47 1,369 1,325 + 44

Noninsured....................................................... 144 151 -7 79 83 -4

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Federal Reserve Bank of St. Louis
NUMBER OF BANKING OFFICES 101

T ab le 101. N um ber and C la ssific a tio n o f O p eratin g B an ks and B an kin g

O ffic e s , D ecem ber 31, 1935, and D ecem ber 31, 19361— Continued

United States 

including possessions

United States 

excluding possessions

Dec. 31, 

1936

Dec. 31, 

19352

Net

change

Dec. 31, 

1936

Dec. 31, 

1935’

Net

change

m u t u a l s a y i n g s b a n k s

B anking offices— t o ta l................................... 687 690 -3 687 690 -3

63 63 63 63

Noninsured......................... , ........................... 624 627 -3 624 627 -3

Banks— to ta l3 ................................................... 563 566 -3 563 566 -3

Insured.............................................................. 56 56 56 56

Noninsured....................................................... 507 510 -3 507 510 -3

U nit banks— to ta l........................................... 485 488 -3 485 488 -3

Insured.............................................................. 52 52 52 52

Noninsured....................................................... 433 436 -3 433 436 -3

Banks operatin g m ore th an on e office— 

total ............................................................ 78 78 78 78

Insured ....................................................... 4 4 4 4

Noninsured ................................................... 74 74 74 74

B ranches or addition al offices— to ta l. . . 

Insured ...................................................

124 124 124 124

7 7 7 7

N oninsured ................................................ 117 117 117 117

202

11

All offices o f banks operating m ore than 

on e office— total .................................. 202 202 202

Insured ................................................... 11 11 11

N oninsured .................................... 191 191 191 191

1For explanation of classification of banks and banking offices see NOTE on pages 97 to 99.

2Revised figures. For explanation see NOTE on pages 98 to 99.

’ Not members of the Federal Reserve System.

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

T a b l e 1 02 . ANALYSIS OF CHANGES IN NUM BER AND CLASSIFICATION OF BANKS

a n d B a n k i n g O f f i c e s i n t h e U n i t e d S t a t e s a n d P o s s e s s io n s D u r i n g 1936

Total

Insured

Total

Members F. R. 

System

National State

Not 

members 

F. R. 

System

Noninsured

C OM M ERCIAL B AN KIN G OFFICES

N um ber o f offices, D ecem ber 31, 1936.. 

N um ber o f offices, D ecem ber 31, 1935.. .

N et ch an ge durin g y e a r .....................

Increase— to ta l............................

Banks beginning operations.. . 

Branches opened for business.

Decrease— to ta l.........

Banks ceasing operations. 

Branches discontinued. . .

18,516

18,622

-106

238

65

173

345

289

56

T ru st com p a n y n o t engaged in deposit 

ban king adm itted to in su ra n ce ...........

C hanges in classification : non in su red to

insured— t o ta l.....................................

Banks............................................................

Branches.......................................................

C hanges in classification: 

non in su red— t o ta l.........

Banks.......................................

Branches..................................

insured to

C hanges in classification a m on g insured 

banks— to ta l.........................................

Banks............................................................

Branches.......................................................

COM M ERCIAL BANKS

N um ber o f banks, D ecem ber 31, 1936. .. 

N um ber o f banks, D ecem ber 31, 1935. ..

Net change during y e a r.

Banks beginn in g operations— to ta l.

New banks 1.............................................

Closed banks reopened2.......................

Banks ceasing operation s— total

Suspended banks not reopened or succeeded 

Merged with aid of FDIC loans — net

decrease........................................................

Other mergers, consolidations and absorptions— net decrease3..........................

Other liquidations '

15,151

15,374

-223

65

59

6

289

43

22

159

65

T ru st com p a n y n o t engaged in deposit 

ban k in g ad m itted to insurance

C hanges in classification : n on in su red to 

insured— t o ta l..........................................

National banks succeeding noninsured 

banks.........................................................

Admissions to Federal Reserve System.

Admissions to insurance:

Banks regularly operating at beginning

of year.......................................................

Banks formerly operating under restrictions 5.............................................

17,234

17,265

-31

207

36

171

286

232

54

+53

+ 4 6

+ 7

-6

-4-2

13,973

14,126

-153

36

32

4

232

40

22

139

31

46

37

6

6,733

6,724

+ 9

84

6

78

70

59

11

+ 2

+1

+1

-7

-9

+ 2

5,325

5,386

-61

591

50

7

2,034

1,956

+78

291

28

33

10

23

+ 2

+ 2

-3

-1

-2

+83

+58

+25

1,051

1,001

+50

1

1

10

8,467

8,585

94

29

65

183

163

20

+49

+ 4 3

+ 6

-76

-4 9

-27

7,597

7,739

-142

29

25

4

163

39

21

80

23

1

43

37

6

1,282

1,357

-75

31

29

2

59

57

2

-53

-4 6

-7

+6

+ 4

+ 2

1,178

1,248

-70

29

27

57

3

20

34

-46

-1

-2

-37

-6

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
NUMBER OF BANKING OFFICES 103

Table 102. A n a ly sis OF CHANGES IN NUMBER AND CLASSIFICATION OF BANKS AND

B an kin g O ffic e s in th e U n ited S ta te s and Possessions D u rin g 1936— Cont.

Insured

Total Total

Members F. R. 

System Not

members

Noninsured

National State

F. R.

System

COM M ERCIAL BANKS— Cont.

Changes in classification : insured to 

non in su red— to ta l.................................. -4 -1 -3 + 4

+ 3

+ 1

Noninsured banks succeeding insured

-3 -3

Withdrawal from Federal Reserve System

-1 -1

C hanges in classification a m on g insured

-9 58 -49

National banks succeeding insured banks 

not members Federal Reserve System6 . 

Insured State banks succeeding national

10 -4 -6

-19 1 18

Insured bank not member Federal Reserve System Succeeding State bank

-1 1

Withdrawals from Federal Reserve System

-6 6

Insured banks admitted to Federal Re68 -68

Successions n o t involving ch an ges in

2 1 13 2

Suspended and restricted banks succeeded 

by another bank in same class7 ............... 1 1

Banks merged with newly organized banks 

by aid of FDIC loans .............................. 1 2

Other successions by another bank in same 

class8 ............................................................. 7 1

New charters in mergers of insured banks 

with each other by aid of FDIC loans 1 1

Other new charters in consolidations........ 1 2

BRANCHES OR A D D ITIO N A L OFFICES 

OF CO M M ERCIAL BANKS

N um ber o f bran ch es, D ecem ber 31, 1936 

N um ber o f branch es, D ecem ber 31, 1935

3,365

3,248

3,261

3,139

1,408

1,338

983

955

870

846

104

109

N et ch an ge du rin g y e a r ........................... +117 +122 +70 +28 +24 -5

B ranches open ed fo r business— t o ta l. . .

New branches established............................

Banks converted into branches as result of 

mergers, consolidations and absorptions

B ranches d isco n tin u e d .................................

173

100

73

171

98

73

78

34

44

28

16

12

65

48

17

2

2

56 54 11 23 20 2

C hanges in classification : n on in su red to 

insured— tota l ........................................ + 7 + 1 + 6

+ 6

-7

Branches of banks admitted to insurance + 6

+ 1

-2

-6

Branch transferred as result of merger, 

consolidation or absorption...................... + 1 -1

Changes in classification: insured to 

non in su red— t o ta l.................................. -2 + 2

+ 2

Branches of a bank withdrawing from 

Federal Reserve System without continuance of insurance ......................... -2 -2

C hanges in classification a m on g insured 

b an k s— tota l ...................................... + 2 +25 -27

Branch of insured State bank succeeding 

national bank ........................................... -1 + 1 

-25

Branches of insured State banks admitted 

to Federal Reserve System ...................... +25

Branches transferred as result of merger, 

consolidation or absorption...................... + 3 -3

Digitized for FRASER 

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

Table 102. ANALYSIS OF CHANGES IN NUM BER AND CLASSIFICATION OF BANKS AND

B a n k in g Offices in th e U n ited States an d P ossessions D u ring 1936— Cont.

Insured

Total

Total

Member F. R . 

System Not

members

Noninsured

National State

F. R.

System

m u t u a l s a v i n g s b a n k i n g o f f i c e s

N um ber o f offices, D ecem ber 31, 1936.. . 

N um ber o f offices, D ecem ber 31, 1935.. .

687 63 63 624

690 63 63 627

N et ch an ge durin g y e a r ........................... -3 -3

M UTUAL SAVINGS BANKS

N um ber o f banks, D ecem ber 31, 1936. .. 

N u m ber o f h a n k s, D ecem ber 31, 1935. ..

563 56 56 507

510

_3

566 56 56

N et ch an ge during y e a r ............................ -3

Banks ceasing operation s— to ta l............... -3 -3

Absorptions— net decrease............................ -1 -1

Other liquidations.......................................... - 2 - 2

BRANCHES OR A D D ITIO N A L OFFICES 

OF M UTUAL SAVINGS BANKS

N um ber o f branch es, D ecem ber 31, 1936 124 7 7 117

N um ber o f branches, D ecem ber 31, 1935 117

Net ch an ge du rin g y e a r ............................

124 7 7

!Banks without predecessors. The figure for insured banks not members of the Federal Reserve 

System includes 1 bank which operated for several months, and several others which operated for shorter 

periods of time, prior to admission to insurance, and also 1 bank organized to take over the certificates of 

indebtedness of a Morris Plan company in order to convert those obligations into deposits eligible for 

insurance by the Federal Deposit Insurance Corporation.

3Figure for insured banks not members of the Federal Reserve System includes 2 banks in receivership since 1934 which were reorganized; 1 newly chartered bank organized to take over selected assets 

and to assume deposit liabilities of a bank in receivership; and 1 bank organized to replace at date of pay-off 

of insured deposits, without assumption of liabilities or purchase of assets, an insured bank which closed 

on December 31, 1935. Figure for noninsured banks includes 1 bank in receivership since 1932, and 1 

in receivership since 1934, both of which were reorganized.

8Includes 3 cases in which deposits of the “ absorbed” bank were not directly assumed by the 

absorbing institution.

includes 10 noninsured banks operating under restrictions which were placed in receivership or 

liquidation.

8Includes 1 bank reorganized under a new charter.

•Includes 1 national bank succeeding a Deposit Insurance National Bank.

’ Includes 1 successor bank to a suspended insured bank which did not assume deposit liability, 

but took over part of the assets and is operated by the same management as the suspended bank; and 1 

noninsured bank which succeeded a bank which had been operating under restrictions.

includes 1 case in which a bank successor to an insured bank operated for one month prior to 

admission to insurance; 1 case in which the successor bank was opened and operated as a noninsured 

bank for about three months prior to admission to insurance and absorption of the predecessor insured 

bank; and 1 case in which an insured bank merged under its own name with a trust company not engaged 

in deposit banking*

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 103. N u m b e r OF OPERATING B a n k in g OFFICES, DECEM BER 31, 1936

INSURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TY PE OF OFFICE IN EACH STA TE AND IN TH E POSSESSIONS

All banks and banking 

offices Commercial banks and banking offices Mutual savings banks 

and banking offices

Banks and banking offices insured as percent of—

Insured

Total In­ Non­ Total Total

Members F. R. 

System

Not

mem­ Non­ Total In­ Non­ All

bankCommercial

Mutual

savings

sured insured National State

bers

F.R.

System

insured sured insured ing

offices

banking

offices

banking

offices

19,203

15,714

1U,7U2

972

17,297

14,029

1,906

1,685

18,516

15,151

1U,257

17,234 6,733 2,034 8,467 1,282 687 63 624 90.1 93.1 9.2

13,973 5,325 1,051 7,597 1,178 563 56 507 89.3 92.2 9.9

13,171 1,571

Ilk

13,119

85k

5,128 898 7,093 1,138 U85 52 U33 89.3 92.0 10.7

858 89k 197 153 50k ko 78 k 7k 88.3 95.5 5.1

3,489

19,109

15,679 

lk ,718

961

3,268

17,290

14,025

221 3,365

18,422

3,261 1,408 983 870 104 124 7 117 93.7 96.9 5.6

U nited S ta tes........................................................ 1,819

1,654

1,51*9

105

17,227 6,733 2,034 8,460 1,195 687 63 624 90.5 93.5 9.2

All banka................................................................ 15,116 13,969 5,325 1,051 7,593 1,147 563 56 507 89.5 92.4 9.9

Unit banks......................................................... 13,169

856

lk ,233 13,117 5,%H8 898 7,091 1,116 U85 52 k33 89.5 92.2 10.7

Banks operating more than one office........... 883 852 197 153 502 31 78 k 7k 89.1 96.5 5.1

Branches or additional offices........................... 3,430

94

3,265

7

165 3,306 3,258 1,408 983 867 48 124 7 117 95.2 98.5 5.6

Possessions ............... 87 94 7 7 87 7.4 7.4

All banks .......................... 35 4 31 35 4 4 31 11.4 11.4

Unit banks ............................ 2k

11

2 22 2k

11

2 2 22 8.3 8.3

Banks operating more than one office ......... 2 9 2 2 9 18.2 18.2

Branches or additional offices ........................ 59 3 56 59 3 3 56 5.1 5.1

State

A la b a m a ............................................................... 239 229 10 239 229 75 19 135 10 95.8 95.8

All banks ........................................... 218 208 10 218 208 69 18 121 10 95.4 95.4

Unit banks . . ................................ 215 205 10 215 205 68 17 120 10 95.3 95.3

Banks operating more than one office. . . . 

Branches or additional offices ....................

3 3 3 3 1 1 1 100.0 100.0

21 21 21 21 6 1 14 100.0 100.0

A r iz o n a ................................................................ 38 38 38 38 25 2 11 100.0 100.0

All banks ..................................................... 14 14 14 14 7 2 5 100.0 100.0

Unit banks . ................... 9 9 9 9 5 2 2 100.0 100.0

Banks operating more than one office. . . . 

Branches or additional offices

5 5 5 5 2 3 100.0 100.0

24 24 24 24 18 6 100.0 100.0

A rkan sas. . . . ....................................... 230 220 10 230 220 51 7 162 10 95.7 95.7

All banks .................................................... 221 211 10 221 211 50 7 154 10 95.5 95.5

Unit b a n k s................................................... 213 203 10 213 203 U9 7 1U7 10 95.3 95.3

Banks operating more than one office. . . . 

Branches or additional offices

8 8 8 8 1 7 100 0 100.0

9 9 9 9 1 8 100.0 100.0

NUMBER OF BANKING OFFICES

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 103. N u m b e r OF Op e r a t in g B a n k in g Of f ic e s , D e c e m b e r 31, 1936— Continued

INSURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TY PE OF OFFICE IN EACH STA TE AND IN TH E POSSESSIONS

All banks and banking 

offices Commercial banks ;and banking offices Mutual savings banks 

and banking offices

Banks and banking offices insured as percent of—

Total Insured

Noninsured Total Total

Insured 

Members F. R. 

System

Not

members

F .R .

System

Noninsured Total Insured

Noninsured

All

banking

offices

Commercial

banking

offices

Mutual

savings

banking Na­ offices tional State

1,062 1,055 7 1,062 1 055 764 152 139 7 99.3 99.3

224 218 6 224 218 108 15 95 6 97.3 97.3

186 181 5 186 181 97 7 77 5 97.3 97.3

38 37 1 38 37 11 8 18 1 97. U 97.U

838 837 1 838 837 656 137 44 1 99.9 99.9

C o lo ra d o ............................................................... 151 138 13 151 138 78 5 55 13 91.4 91.4

All banks . . . . 151 138 13 151 138 78 5 55 13 91.4 91.4

Unit banks . .. 151 138 13 151 138 78 5 55 13 91.4 91.U

Banks operating more than one office. . . .

Branches or additional offices......................

C o n n e c tic u t........................................................ 206 109 97 132 109 58 6 45 23 74 74 52.9 82.6

All banks............................................................ 195 104 91 122 104 54 6 44 18 73 73 53.3 85.2

Unit banks..................................................... 189 100 89 117 100 51 6 U3 17 72 72 52.9 85.5

Banks operating more than one office........ 6 u 2 5 4 3 1 1 1 1 66.7 80.0

Branches or additional offices...................... 11 5 6 10 5 4 1 5 1 1 45.5 50.0

D elaw are............................................................... 61 56 5 58 56 16 6 34 2 3 3 91.8 96.6

All banks............................................................ 48 44 4 46 44 16 4 24 2 2 2 91.7 95.7

Unit banks..................................................... •41 38 3 UO 38 16 2 20 2 1 1 92.7 95.0

Banks operating more than one office. . . . 7 6 1 6 6 2 U 1 1 85.7 100.0

Branches or additional offices . 13 12 1 12 12 2 10 1 1 92.3 100.0

D istrict o f C o lu m b ia ...................................... 52 52 52 52 26 8 18 100.0 100.0

All banks . ........................ 22 22 22 22 9 3 10 100.0 100.0

Unit banks..................................................... 11 11 11 11 U 1 6 100.0 100.0

Banks operating more than one office. . . . 11 11 11 11 5 2 \ 100.0 100.0

Branches or additional offices...................... 30 30 30 30 17 5 8 100.0 100.0

F lorid a ................................................................... 160 153 7 160 153 53 4 96 7 95.6 95.6

All banks............................................................ 158 153 5 158 153 53 4 96 5 96.8 96.8

Unit banks ................................................. 157 153 157 153 53 U 96 •4 97.5 97.5

Banks operating more than one office. . . . 1 1 1 1

Branches or additional offices...................... 2 2 2 2

G eorgia .................................................................. 369 286 83 369 286 71 29 186 83 77.5 77.5

All banks............................................................ 342 262 80 342 262 56 24 182 80 76.6 76.6

Unit banks..................................................... 330 252 78 330 252 53 21 178 78 76.U 76.U

Banks operating more than one office. . . . 12 10 2 12 10 3 3 4 2 83.3 83.3

Branches or additional offices...................... 27 24 3 27 24 15 5 4 3 .............i.............. 88.9 88.9

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho....................................................

All banks...........................................

Unit banks....................................

Banks operating more than one c 

Branches or additional offices. . .

Illinois.............................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office. 

Branches or additional offices................

Indiana.................................................................

All banks............................................................

Unit banks.....................................................

Banks operating’ more than one office. . . . 

Branches or additional offices.......................

Iowa........................................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

Kansas............................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office. 

Branches or additional offices................

Kentucky..............................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

Louisiana..............................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

M aine................................................................

Ail banks.......................................................

Unit banks.................................................

Banks operating more than one office. . 

Branches or additional offices..................

M aryland..............................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office. . . . 

Branches or additional offices......................

85 82 3 85 82

53 50 3 53 50

U7

U

3 U7 kk

6 6 6 6

32 32 32 32

881 863 18 881 863

881 863 18 881 863

881 863 18 881 863

583 541 42 578 537

530 489 41 525 485

U97 U57 UO Jt-92 k53

33 32 1 33 32

53 52 1 53 52

810 722 88 810 722

671 589 82 671 589

567 U89 78 567 k89

10 k 100

k 10k 100

139 133 6 139 133

706 460 246 706 460

706 460 246 706 460

706 U60 21*6 706 k60

461 414 47 461 414

433 386 47 433 386

U19 372 U7 kl9 372

1U 1U lk lk

28 28 28 28

199 197 2 199 197

146 144

2 146 144

120 118

2 120 118

26 26 26 26

53 53 53 53

163 120 43 129 114

103 68 35 71 62

81 52 29 51 k6

22 16 6 20 16

60 52 8 58 52

291 263 28 263 261

197 185 12 185 183

171 161 10 161 159

26 2k

2 2k 2k

94 78 16 78 78

36 24

20 10

16

9

k

1

16 14

307 75

307 75

307 75

132 20

124

8

118

7

6 1

8 12

113 30

113 30

113 30

188 17

188 17

188 17

117 13

100 11

97 9

3 2

17 2

57

6

30

5

2k k 6 1

27

1

44 31

40

5

37 1 3 k 4 26

70 54

63 11

61

5

2 6 7 43

22

20

1912

481

481

U81

385

353

828

25

32

579

446

3U6 100

133

255

255

255

284

275

26699

134

109

90

19

25

39

17

22

137

109

93

16

28

18

18

18

41

40

3911

88

82

78k6

246

246

47

47

U7

34

323022

28

12

10

28

26

96.5

94.3

93.6 100.0 100.0

98.0

98.0

98.0

92.8

92.3

92.0

97.0

98.1

89.1

87.8 86.2

96.2

95.7

65.2

65.2

65.2

89.8

89.1 88.8 100.0 100.0

99.0

98.6

98.3 100.0 100.0

73.6 66.0 6^.2

72.7

86.7

90.4

93.9 94.2

92.3

83.0

96.5

94.3

93.6 100.0 100.0

98.0

98.0

98.0

92.9

92.4

92.1

97.0

98.1

89.1

87.8 86.2

96.2

95.7

65.2

65.2

65.2

80.0

80.0

80.0

89.8

89.1 88.8 100.0 100.0

99.0

98.6

98.3 100.0 100.0

88.4

87.3

90.2

80.0

89.7

99.2

98.9

98.8 100.0 100.0

17.6

18.8 20.0

7.1

16.7 20.0

NUMBER OF BANKING OFFICES 107

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 103. N u m b e r OF Op e r a t in g B a n k in g Of f ic e s , D e c e m b e r 31, 1936— Continued

INSURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TYPE OF OFFICE IN EACH STATE AND IN TH E POSSESSIONS

All banks and banking 

offices Commercial banks and banking offices Mutual savings banks 

and banking offices

Banks and banking offices insured as percent of—

Insured

Total In­ Non­ Total Total

Members F. R. 

System

Not

mem­ Non­ Total In­ Non­ All

bankCommercial

banking

offices

Mutual

savings

banking

offices

sured insured National State

bers

F.R.

System

insured sured insured ing

offices

541 309 232 315 309 189 65 55 6 226 226 57.1 98.1

395 197 198 202 197 128 29 40 5 193 193 49.9 97.5

328 155 173 160 155 110 15 30 5 168 168 U7.3 96.9

Banks operating more than one office. . . . 67

146

U2

112

25

34

1+2 18 n

36

10 25 25 62.7 100.0

113 112 61 15 1 33 33 76.7 99.1

M ich igan 649 594 55 649 594 138 162 294 55 91.5 91.5

All banks 495 443 52 495 443 83 106 254 52 89.5 89.5

Unit banks U53

U2

m

39

151

U9

3

3

h53

U2

kOh 70 95 239 U9 89.2 89.2

Banks operating more than one office. . . . 

Brd>nch6S or &dcli^ion£il offic0S

39 13 11 15 3 92.9 92.9

154 154 151 55 56 40 3 98.1 98.1

M in n esota ..................... 693 655 38 692 654 203 14 437 38 1 1 94.5 94.5 100.0

All banks . ..................... 687 649 38 686 648 197 14 437 38 1 1 94.5 94.5 100.0

Unit banks ..................... 685 61+7 38 68U 6W 195 1U U37 38 1 1 9U-5 9k-k 100.0

Banks operating more than one office. . . . 

Branches or additional offices

2 2 2 2 2 100.0 100.0

6 6 6 6 6 100.0 100.0

M ississippi 250 239 11 250 239 26 3 210 11 95.6 95.6

All banks 208 197 11 208 197 25 3 169 11 94.7 94.7

Unit banks 186 175 11 186 175 2k 3 1 Jf.8 11 9U-1 9U.1

Banks operating more than one office. . . . 

Branches or additional offices

22 22 22 1 21 100.0 100.0

42 42 42 42 1 41 100.0 100.0

M issouri 670 624 46 670 624 86 51 487 46 93.1 93.1

All banks 670 624 46 670 624 86 51 487 46 93.1 93.1

Unit banks 670 62U U6 670 62U 86 51 1+87 U6 93.1 93.1

Banks operating more than one office. . . .

M on ta n a 120 119 1 120 119 45 21 53 1 99.2 99.2

All banks 120 119 1 120 119 45 21 53 1 99.2 99.2

Unit banks 120 119 1 120 119 U5 21 53 1 99.2 99.2

Banks operating more than one office. . . .

439 379 60 439 379 138 12 229 60 86.3 86.3

All banks 436 376 60 436 376 135 12 229 60 86.2 86.2

Unit banks k33

S

373 60 U33 373 132 12 229 60 86.1 86.1

Banks operating more than one office. . . . 

Branches or additional offices......................

3 3 3 3 100.0 100.0

3 3 3 3 3 100.0 100.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
N evada................................................................... 20 16 4 20

All banks........................................................... 12 8 4 12

Unii banks..................................................... 10 6 U 10

Banks operating more than one office. . . . 2 2 2

8 8 8

New H a m p sh ire................................................. 112 57 55 67

All banks............................................................ 109 56 53 65

Unit banks..................................................... 106 55 51 63

Banks operating more than one office. . . . 3 1 2 2

Branches or additional offices...................... 3 1 2 2

New J e rsey .......................................................... 539 520 19 510

All banks............................................................ 416 399 17 391

Unit banks..................................................... 362 3A6 16 31+0

Banks operating more than, one office. . . . 5U 53 1 51

Branches or additional offices....................... 123 121 2 119

New M e x ico ......................................................... 46 45 1 46

All banks............................................................ 41 40 1 41

Unit banks..................................................... 37 36 1 37

Banks operating more than one office. . . . U A k

Branches or additional offices...................... 5 5 5

New Y o r k ............................................................. 1,597 1,392 205 1,415

All banks............................................................ 919 760 159 784

Unit banks..................................................... 795 67 A 121 697

Banks operating more than one office. . . . 12U 86 38 87

Branches or additional offices...................... 678 632 46 631

N orth C a ro lin a .................................................. 344 335 9 344

All banks............................................................ 239 232 7 239

Unit banks..................................................... 197 191 6 197

Banks operating more than one office. . . . U2 1 U2

Branches or additional offices...................... 105 103 2 105

N orth D a k ota ..................................................... 208 193 15 208

All banks............................................................ 198 183 15 198

Unit banks..................................................... 188 173 15 188

Banks operating more than one office. . . . 10 10 10

Branches or additional offices...................... 10 10 10

O h io ........................................................................ 885 864 21 882

All banks............................................................ 714 693 21 711

Unit banks..................................................... 679 658 21 676

Banks operating more than one office. . . . 35 35 35

Branches or additional offices...................... 111 171 171

O k la h o m a ............................................................ 403 385 18 403

All banks............................................................ 403 385 18 403

Unit banks..................................................... U03 385 18 1+03

Banks operating more than one office. . . .

Branches or additional offices......................

'

13

5

3

2

3

3

3

4

4

h

80.0

66.7

60.0

100.0

80.0

66.7

60.0

100.0

8 100.0 100.0

53 1 3 10 45 45 50.9 85.1

52 1 3 9 44 44 51.4 86.2

51 1 3 8 us U3 51.9 87.3

1 1 1 1 33.3 50.0

1 1 1 1 33.3 50.0

266 116 122 6 29 16 13 96.5 98.8 55.2

233 55 97 6 25 14 11 95.9 98.5 56.0

217 33 8J, 6 22 12 10 95.6 98.2 5 A.5

16 22 13 3 2 1 98.1 100.0 66.7

33 61 25 4 2 2 98.4 100.0 50.0

22 4 19 1 97.8 97.8

22 4 14 1 97.6 97.6

22 U 10 1 97.3 97.3

k 100.0 100.0

5 100.0 100.0

638 502 249 26 182 3 179 87.2 98.2 1.6

455 120 183 26 135 2 133 82.7 96.7 1.5

U26 82 165 2U 98 1 97 8U.8 96.6 1.0

29 38 18 2 37 1 36 69.U 97.7 2.7

183 382 66 47 1 46 93.2 100.0 2.1

49 16 270 9 97.4 97.4

43 9 180 7 97.1 97.1

bl 7 1U3 6 97.0 97.0

2 2 37 1 97.6 97.6

6 7 90 2 98.1 98.1

62 131 15 92.8 92.8

61 122 15 92.4 92.4

60 113 15 92.0 92.0

1 9 100.0 100.0

1 9 100.0 100.0

282 192 387 21 3 3 97.6 97.6 100.0

249 75 366 21 3 3 97.1 97.0 100.0

2U 63 351 21 3 3 96.9 96.9 100.0

8 12 15 100.0 100.0

33 117 21 100.0 100.0

214 3 168 18 95.5 95.5

214 3 168 18 95.5 95.5

21U 3 168 18 95.5 95.5

\

16

8

6

2

8

57

56

551

1

504

385

S3U

51

119

45

40

36k

5

1,389

758

673

85

631

335

232

191

U1

103

193

183

173

10

10

861

690

655

35

171

385

385

385

NUMBER OF BANKING OFFICES 109

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 103. N u m b e r OF Op e r a t in g B a n k in g Of f ic e s , D e c e m b e r 31, 1936— Continued

INSURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TYPE OF OFFICES IN EACH STA TE AND IN TH E POSSESSIONS

O r e g o n ............................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

P en n sylva n ia ................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

R h od e Isla n d ................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

S ou th C a rolin a ............................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

S ou th D a k o ta ..............................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

T en n essee ......................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

T exas................................................................

All banks......................................................

Unit banks...............................................

Banks operating more than one office.

Branches or additional offices................

All banks and banking 

offices

Total

142

92

88U50

,231

.,119

,073

U6

112

72

32

20

12

40

173

151

1J+5

6

22

210

191

183

8

19 

362

314 

29k

20

48

904

904

90k

Insured

138

888U

k

50

1,179

1,084 1,0UU0

95

44

16

10

6

28

133

111

105

6

22

209

190

19 

352

304

28k

20

48

800

800

800

Noninsured

104

104 10h

Commercial banks and banking offices

Total

141

91

87

k

50

1,211

1,112

1,070

U2

99

61

23

12

11

38

173

151

1U5

6

22

210

191

183

8

19

362

314

48

904

904

90k

Insured

Total

137

87

83

k

50

1,177

1,082 1,0U2

hO

95

44

16

10

6

28

133

111

105

6

22

209

190

182

8

19

352

304

48

800

800

800

Members F. R 

System

National

86

48

747

708

691

17

39 

20

12

9

3

8

35

20

191

15

63

48

kk

k

15

90

72

67

5

18 

456

456 

U56

State

117

776J,

13

40

21

2

19

5

4

3

1

1

23

23

23

51

51

51

Not 

members 

F. R.

System

46

44U2

2

2

313

297

287

10

16

3

2

1

1

1

93

87

83U6

123

119

115

k

4

257

227

212

15

30

293

293

Noninsured

5

10

40

40

AO

104

104

10k

Mutual savings banks 

and banking offices

Total

20

7

3

k

13

11

Insured

Noninsured

Banks and banking offices insured as percent of—

All

banking

offices

Commercial

banking

offices

97.2

95.7

95.5

100.0

100.0

95.8

96.9

97.3

87.0

84.8

61.1

50.0

50.0

50.0

70.0

76.9

73.5 

72.U

100.0

100.0

99.5

99.5

99.5

100.0

100.0

97.2

96.8

96.6

100.0

100.0

88.5

88.5

88.5

Mutual

savings

banking

offices

97.2

95.6 

95.U

100.0

100.0

97.2

97.3 

97.U

95.2

96.0

72.1

69.6

83.3

51+.5

73.7 

76.9

73.5 

72.U

100.0

100.0

99.5

99.5

99.5

100.0

100.0

97.2

96.8

96.6

100.0

100.0

88.5

88.5

88.5

100.0

100.0

100.0

10.0

28.6

66.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
U ta h .......................................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

V e rm o n t...............................................................

All banks............................................................

Unit banks......................................................

Banks operating more than one office

Branches or additional offices......................

V irgin ia .................................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office. . . .

Branches or additional offices......................

W a sh in g to n ........................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office. . . .

Branches or additional offices......................

W est V irgin ia.....................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

W isco n sin ............................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

W y o m in g ..............................................................

All banks............................................................

Unit banks.....................................................

Banks operating more than one office

Branches or additional offices......................

69

59

55U10

105

89

809

16

389

321

2811>068

231

184

1768

47

188

186

18U22

712

604

53U

70

108

58

58

58

69

59

55k

10

105

89

809

16

387

320

281

39

67 

221

174 

1668

47

177

175 

17322

694

588

52068

106 

58 

58 

58

69

59

55h

10

87

75

678

12

389

321

281

uo68 

228 

181 

1738

47 

188 

186 

18 h22

708

600

530

70

108

58

58

58

69

59

55U10

87

75

678

12

387

320

281

39

67 

218 

171 

1638

47

177

175

17322

690

584

51668

106

58

58

58

22 19

13 19

10 19 39

44

42

U022

147 29

132 24

125 22

7 2

15 5

96 32

56 27

51 26 5 1

40 5

79 19

79 19

79 19

117 29

105 23

103 19 2 U

12 6

26 9

26 9

26 9

28

27 

261

1 

43 

33 

276

10 

211 

164 

13 U

30

47 

90 88 

8622

79 

77 

7522

544

456 39k

23

23

23

18

14

1314

18

14

1314

2111

10

10

10

333

333

11

11

11

18

16n22

44U

44U

.............|..............

100100100100100

100100100100100

99

99 100

97

95.

94.

9U.

100.0

100.0

94.1

94.1 

91+.0

100.0

100.0 

97.5 

97.4 

97.U

97.1

98.1 

100.0 

100.0 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.5

99.7 100.0

97.5

98.5

95.6

94.5

9U.2 100.0 100.0

94.1

94.1

91+.0 100.0 100.0

97.5

97.3

97.h

97.1

98.1

100.0 100.0 100.0

100.0 100.0 100.0 100.0 100.0

100.0 100.0 100.0

100.0 100.0 100.0

NUMBER OF BANKING OFFICES

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 104. NUM BER OF OPERATING BANKING OFFICES, DECEMBER 31, 1936

INSURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK, TYPE OF OFFICE, AND AMOUNT OF DEPOSITS

All banks and banking

offices

Total Insured

Noninsured1

Commercial banks and banking offices

Total

Insured

Total

Members F. R.

System

National State

Not

members

F. R.

System

Noninsured1

Mutual savings banks

and banking offices

Total Insured

Noninsured

Banks and banking offices

insured as percent of—

All

banking

offices

Commercial

banking

offices

Mutual

savings

banking

offices

All ban k in g o ffice s ...........................................

B anking offices w ith deposits o f—

$100,000 and under........................................

$100,000 to $250,000......................................

$250,000 to $500,000......................................

$500,000 to $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 $50,000,000...........................

Over $50,000,000.............................................

None or not available....................................

All b a n k s............................................................

Banks w ith daily average deposits o f—

$100,000 and under........................................

$100,000 to $250,000......................................

$250,000 to $500,000......................................

$500,000 to $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 $50,000,000...........................

Over $50,000,000.............................................

None or not available....................................

19,203

1,253

3,469

3,814

3,474

2,658

2,010

737

613

169

1,006

15,714

1,146

3,258

3,550

2,928

2,051

1,496

573

503

152

57

17,297

904

3,115

3,615

3,339

2,556

1,843

628

438

131

728

14,029

797

2,904

3,351

2,793

1,949

1,329

464

328

114

1,906

349

354

199

135 102

167

109

175

38

278

1,685

349

354

199

135 102

167

109

175

38

57

18.516

1,250

3,467

3,807

3,445

2,593

1,867

622

449

128

15,151

1,143

3,256

3,544

2,900

1,989

1,353

458

339 112

57

17,234

902

3,115

3,612

3,331

2,544

1,829

617

432

125

727

13,973

795

2,904

3,349

2,786

1,940

1,315

453

322

109

6,733

56

503

1,229

1,596

1,380

1,045

358

245

69

252

5,325

49

477

1,105

1,313

1,058

796

283

185

59

2,034

16 102

237

374

397

405

166

139

51

147

1,051

10

80

188

210

166

171

93

45

8,467

830

2,510

2,146

1,361

767

379

93

48

5

328

7,597

736

2,347

2,056

1,263

716

348

82

44

5

1,282

348

352

195

114

49

38

5

17

3

161

1,178

348

352

195

114

49

38

5

17

3

57

687

3

2

7

29

65

143

115

164

41

118

563

28

62

143

115

164

40

63

8

12

14

116

6

1

56

624

1

2

4

21

53

129

104

158

35

117

507

1

2

4

21

53

129

104

158

35

90.1

72.1

89.8

94.8

96.1

96.2 

91.7

85.2

71.5

77.5 

72.4

89.3

69.5

89.1

94.4

95.4 

95.0

81.0

65.2

75.0

93.1

72.1

89.8

94.9

96.7

98.1 

98.0

99.2

96.2

97.7

81.9

92.2

69.5 

89.2

94.5

96.1

97.5

97.2

98.9

95.0

97.3

66.7 

‘ 42.9 ’

27.6

18.5

9.8

9.6

3.7

14.6 

.8

9.9

66.7

' 33.3 ‘

25.0

14.5

9.8

9.6

3.7

12.5

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Unit banks............................................................. 14,742 13,171

Banks w ith daily average deposits o f -

$100,000 and under...........................................

$100,000 to $250,000........................................

$250,000 to $500,000........................................

$50,000 to $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 $50,000,000.............................

Over $50,000,000...............................................

None or not available......................................

Banks operating m ore than one office ..

Banks w ith daily average deposits o f-

$100,000 and under...........................................

$100,000 to $250,000........................................

$250,000 to $500,000........................................

$500,000 to $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 $50,000,000.............................

Over $50,000,000...............................................

None or not available......................................

B ranches or a d d ition a l o ffice s .....................

B ranches or a d d ition a l offices w ith 

deposits o n D ecem ber 31, 1936, o f—

$100,000 and under.............................................

$100,000 to $250,000..........................................

$250,000 to $500,000..........................................

$500,000 to $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 $50,000,000.

Over $50,000,000...................

None or not available...........

1,139

3,208

3,433

2,781

1,936

1,366

457

319

48

55

972

7

50

117

147

115 

130

116 

184 

1042

3,489

107 211

264

546

607

514

164 110

17

949

791

2,854

3,241

2,650

1,845

1,214

359

185

32

858

6

50 110

143

104 

115

105 

143

82

3,268

107 211

264

546

607

514

164 110

17

728

1,571

348

354

192

131

91

152

98

134

16

55

114

1

• • -j

4

11 

15

11

41222

221

221

4,257 13,119 5,128 898 7,093 1,138 485 52 433 89.3 92.0 10.7

,136 789 49 10 730 347 3 2 1 69.4 69.4 66.7

206 2,854 475 79 2,300 352 2 2 88.9 89.0

5,427 3,239 1,104 187 1,948 188 6 2 4 94.4 94.5 33.3

,753 2,643 1,304 209 1,130 110 28 7 21 95.3 96.0 25.0

,878 1,836 1,049 159 628 42 58 9 49 95.3 97.8 15.5

,230 1,200 767 150 283 30 136 14 122 88.9 97.6 10.3

352 349 236 56 57 3 105 10 95 78.6 99.1 9.5

191 181 124 40 17 10 128 4 124 58.0 94.8 3.1

29 28 20 8 1 19 4 15 66.7 96.6 21.1

55 55

894 854 197 153 504 40 78 4 74 88.3 95.5 5.1

7 6 6 1 85.7 85.7

50 50 2 1 47 100.0 100.0

117 110 1 1 108 7 94.0 94.0

147 143 9 1 133 4 97.3 97.3

111 104 9 7 88 7 4 4 90.4 93.7

123 115 29 21 65 8 7 7 88.5 93.5

106 104 47 32 25 2 10 1 9 90.5 98.1 10.0

148 141 61 53 27 7 36 2 34 77.7 95.3 5.6

83 81 39 37 5 2 21 1 20 78.8 97.6 4.8

2 2

1,365 3,261 1,408 983 870 104 124 7 117 93.7 96.9 5.6

107 107 7 6 94 100.0 100.0

211 211 26 22 163 100.0 100.0

263 263 124 49 90 1 1 100.0 100.0 100.0

545 545 283 164 98 1 1 100.0 100.0 100.0

604 604 322 231 51 3 3 100.0 100.0 100.0

514 514 249 234 31 100.0 100.0

164 164 75 78 11 100.0 100.0

110 110 60 46 4 100.0 100.0

16 16 10 6 1 1 100.0 100.0 100.0

831 727 252 147 328 104 118 1 117 76.7 87.5 .8

d e p o sits of noninsured banks are as of December 31, 1936. See also the NOTE on page 124.

CONUMBER OF BANKING OFFICES

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 105. N u m b e r OF OPERATING COMMERCIAL BANKS, DECEMBER 31, 1936

IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STA TE AND IN TH E POSSESSIONS

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1

All

banks

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

None or 

not 

available

U nited States and possessions— to ta l 

Insured banks........................................

15,151

13,973

1,178

1,143

795

3,256

2,904

352

3,544

3,349

195

2,900

2,786

114

1,989

1,940

49

1,353

1,315

38

458

453

339

322

112

109

57

Noninsured banks................................. 348 5 17 3 57

U nited S ta tes ............................................. 15,116

13,969

1.147

1,140

795

3.255

2,904

351

3,542

3,349

193

2,893

2,786

107

1,981

1,936

45

1,344

1,315

29

457

453

336

322

112

109

56

Noninsured banks................................. 345 4 14 3 56

P ossessions.................................................. 35 3 1 2 7 8 9 1 3 1

4 4

31 3 1 2 7 4 9 1 3 1

State

A la b a m a ..................................................... 218 24 68 59 32 19 11 4 1

Insured banks......................................... 208 21 65 57 30 19 11 4 1

Noninsured banks ................... 10 3 3 2 2

A rizon a ................... ............... 14 1 3 1 5 3 1

Insured banks......................................... 14 1 3 1 5 3 1

Noninsured banks .................

A rk an sas............. ............... 221 45 67 52 28 17 5 5 2

Insured ban ks.. ............................ 211 41 62 51 28 17 5 5 2

Noninsured banks ............... 10 4 5 1

C a lifo rn ia ............ ...................... 224 3 14 49 57 35 34 9 12 11

Insured banks . ............. 218 2 13 49 57 34 32 9 11 .............11

Noninsured banks ......... 6 1 1 1 2 1

C o lo r a d o .................................................. 151 14 33 34 30 22 9 3 5 1

Insured banks .................................... 138 11 28 31 28 22 9 3 5 1

Noninsured banks 13 3 5 3 2

C o n n e c ticu t............................................. 122 3 8 13 15 27 30 14 11 1

Insured banks .................................... 104 2 7 7 14 23 28 13 9 1

Noninsured banks ............. 18 1 1 6 1 4 2 1 2

D elaw are ............................................. 46 4 5 11 10 7 4 2 3

Insured banks . ................... 44 3 5 10 10 7 4 2 3

Noninsured banks .................... 2 1 1

D istrict o f C o lu m b ia ............... 22 1 1 2 4 6 6 2

Insured banks .................................... 22 1 1 2 4 6 6 2

Noninsured banks.................................

Florida .................................... 158 9 32 37 27 30 13 3 7

Insured banks .................................... 153 8 30 37 26 29 13 3 7

Noninsured banks 5 1 2 1 1

G eorgia .......................................................

Insured banks ................................

342

262

90

42

90

75

70.

65

37

37

24

23

13

13

3

3

2

2

2

2

11

Noninsured banks................................. 80 48 15 5 1 11

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Id a h o .........................

Insured banks.. .. 

Noninsured banks

Illin o is ......................

Insured banks.. .. 

Noninsured banks

In d ia n a ....................

Insured banks.. . . 

Noninsured banks

Io w a ...........................

Insured banks.. .. 

Noninsured banks

K a n sa s ......................

Insured banks.. . . 

Noninsured banks

K e n tu ck y .................

Insured banks.. . . 

Noninsured banks

L ou isia n a ................

Insured banks.. . . 

Noninsured banks

M a in e ........................

Insured ban ks.. . . 

Noninsured banks

M a ry la n d .................

Insured banks. . . . 

Noninsured banks 

M a ssa ch u setts. . . . 

Insured ban ks.. 

Noninsured banks

M ich ig a n .................

Insured ban ks.. . . 

Noninsured banks.

M in n e so ta ...............

Insured banks.. . . 

Noninsured banks.

M issip p i...................

Insured ban ks.. . . 

Noninsured banks.

M issou ri...................

Insured ban ks... . 

Noninsured banks.

M o n ta n a ..................

Insured banks. . . . 

Noninsured banks,

53

3 11 15

50

3 11 15

3

881 37 197 219

863 33 193 213

18

4

4

6

525 22 128 144

485 15 110 134

40

7 18 10

671 12 164 213

589

3 139 189

82

9 25 24

706 110 262 165

460 38 158 118

246 72 104 47

433 52 116 97

386 30 106 93

47 22 10

4

146

9 28 34

144

8 28 33

2

1

1

71

1

9

62

1

6

9

3

185

2 36 38

183

2 36 38

2

202

1

3 14

197

1

3 14

5

495 16 98 150

443

7 86 141

52

9 12

9

686 49 189 229

648 35 175 225

38 14 14

4

208 15 51 57

197 13 48 55

11

2

3

2

670 104 221 148

624 85 201 143

46 19 20

5

120

7 30 32

119

6 30 32

1

1

181

1801

92

89 3

169

147

13

90 

72 

18

89

809

41

41

13

112

43

43

34

331

88

853

132

1293

42

393

91

892

24

24

541

105

1041

82

811

81

77

4 

52

475

48

462

15

15

17

161

33

33

40

391

59

563

52

502

25

241

45

45

2

86

842

35

341

21

201

20

20

20

20

20

182

15

15

60

591

38

371

25

241

12

12

32

32

35

35

27

27

18

18

17

17

16

16

12

12

15

is'

NUMBER OF BANKING OFFICES

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Federal Reserve Bank of St. Louis
Table 105. N u m b e r OF Op e r a t in g Co m m er c ia l B a n k s , D e c e m b e r 31, 1936— Continued

INSURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STA TE AND IN TH E POSSESSIONS

N ebraska....................

Insured banks........

Noninsured banks.

N evada ........................

Insured banks........

Noninsured banks.

New H am pshire

Insured banks........

Noninsured banks.

New Jersey ................

Insured banks........

Noninsured banks.

New M e x ico ...............

Insured banks........

Noninsured banks.

New Y o r k ...................

Insured banks........

Noninsured banks.

N orth C arolina

Insured banks........

Noninsured banks.

N orth D a k ota ..........

Insured banks........

Noninsured banks.

O h io .............................

Insured banks........

Noninsured banks.

O k la h o m a .................

Insured banks........

Noninsured banks.

O regon

Insured banks........

Noninsured banks.

P en n sylvan ia...........

Insured banks........

Noninsured banks.

R h od e Isla n d ...........

Insured banks........

Noninsured banks.

Banks with daily average deposits, or with deposits on December 31, 1936, o fAll

banks

436

376

60

128

4

65

56

9

391

3856

41

401

784

758

26

239

232

7

198

183

15 

711 

690

21

403

385

18

91

87

4

1,112

1,082

30

23

16 

7

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over 

$50,000,000

None or 

not 

available

50

25

25

17

14

3

59

50

9

7

6

1

45

396

165

141

241

36

33

3 

60 

591

74

70

4 

100

90

10

139

129

10

26

242

71

692

125

116

9

4

1

3

13

121

36

3G

123

1212

56

551

38

371

195

1878

108

1062

26

26

170

166

4

56

551

2

2

20

17

3

83

812

11

101

173

1721

35

35

176

1742

53

53

276

269

7

3

21

201

3

3

118

118

172

1711

39

39

113

113

249

246

3 

5 1

4

152

1466

20

191

6

6

77

77

21

21

5

4

1

217

217

2121

28

271

36

32

311

5

31

28

3

2

2

13

13

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
S ou th C arolina

Insured banks........

Noninsured banks.

S ou th D a k ota ..........

Insured banks........

Noninsured banks.

T en n essee..................

Insured banks........

Noninsured banks.

T exa s............................

Insured banks.........

Noninsured banks.

U ta h .............................

Insured banks........

Noninsured banks.

V e r m o n t....................

Insured banks.........

Noninsured banks.

V irgin ia ......................

Insured banks........

Noninsured banks.

W a sh in g to n ..............

Insured banks........

Noninsured banks.

W est V irgin ia ...........

Insured banks........

Noninsured banks.

W isco n sin ..................

Insured banks........

Noninsured banks.

W y o m in g ....................

Insured banks.........

Noninsured banks.

151

111

40

191

1901

314

30410

904

800

104

59

59

75

75

321

3201

181

17110

186

17511

600

584

16

58

58

4422 22 

3 8

38

54

486

115

87

281

1

14

14

15

132

2

1

1

18

15

3

4

4

33

25

88

97

952

244

211

338

51

51

35

332

2522

3

125

1232

7

7

30

26

4

31

31

65

65

223

208

152121

17

17

74

74

45

441

47

44

3

173

1676

17

17

19

15

4

15

141

49

481

155

145

10

11

11

91

901

42

402

49

46

3

147

143

4 

13

13

13

112

12

12

27

261

70

682

10

10

20

20

49

49

24222

29

29

77

77

46

442

2

2

27

27

27

261

42

411

6

6

19

19

14

14'

1 Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936. See also the NOTE on page 124.

NUMBER OF BANKING OFFICES

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Federal Reserve Bank of St. Louis
Table 106. N u m b e r OF OPERATING M UTUA L SAVINGS BANKS, DECEM BER 31, 1936

INSURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STATE

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1

All

banks

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

U nited States— t o t a l.......................................................... 563 3 2 6 28 62 143 115 164 40

56 2 2 7 9 14 11 6 5

Noninsured banks.......................................................... 507 1 2 4 21 53 129 104 158 35

State

73 3 11 22 17 19 1

Insured banks..................................................................

Noninsured banks.......................................................... 73 3 11 22 17 19 1

D elaw are.............................................................................. 2 1 1

Insured banks..................................................................

Noninsured banks.......................................................... 2 1 1

In d ia n a ................................................................................ 5 2 1 2

Insured banks.................................................................. 4 2 1 1

Noninsured banks.......................................................... 1 1

M a in e .................................................................................... 32 1 6 8 12 3 2

Insured banks.................................................................. 6 3 2 1

Noninsured banks.......................................................... 26 1 3 8 10 2 2

M ary lan d ............................................................................. 12 1 2 1 1 1 5 1

Insured banks.................................................................. 2 2

Noninsured banks ........................................................ 10 1 1 1 1 5 1

M assach u setts.................................................................. 193 1 1 7 15 56 49 57 7

Insured banks..................................................................

Noninsured banks.......................................................... 193 1 1 7 15 56 49 57 7

M in n esota ........................................................................... 1 1

Insured banks.................................................................. 1 1

Noninsured banks..........................................................

New H am p sh ire................................................................ 44 1 7 11 17 4 4

Insured banks..................................................................

Noninsured banks........................................................... 44 1 7 11 17 4 4

New Jersey ....................................................................... 25 1 1 2 3 8 9 1

Insured b a n k s ................................................................ 14 1 1 1 2 5 4

Noninsured banks ...................................................... 11 1 1 3 5 1

New Y ork ............................................... ....................... 135 1 6 21 26 58 23

Insured banks.................................................................. 2 2

Noninsured banks........................................................... 133 1 6 2i 26 58 21

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Ohio.............................

Insured banks........

Noninsured banks.

Oregon........................

Insured banks.........

Noninsured banks.

Pennsylvania............

Insured banks.........

Noninsured banks.

Rhode Island...........

Insured banks........

Noninsured banks.

Verm ont.....................

Insured banks........

Noninsured banks.

W ashington..............

Insured banks.........

Noninsured banks.

W isconsin..................

Insured banks........

Noninsured banks.

d ep osits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936. See also the NOTE on page 124.

NUMBER OF BANKING OFFICES 119

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Federal Reserve Bank of St. Louis
Table 107.— NUMBER OF COMMERCIAL BANKS OPERATING MORE THAN ONE OFFICE AND

N u m b e r o f B r a n c h e s o r A d d it io n a l O f f i c e s O p e r a t e d , D e c e m b e r 31, 1936

GROUPED ACCORDING TO CHARACTER OF BRANCH SYSTEM, LOCATION OF BRANCHES OR ADDITIONAL 

OFFICES, POPULATION OF CENTER IN WHICH LOCATED, AND BY STATES

Character of branch system1 Location of branches or additional offices2

All

branch

systems

City

wide

County

wide

State

wide

In more 

than one 

State

All

branches

In head 

office 

city

Elsewhere 

in head 

office 

county

Elsewhere 

in head 

office 

State

Outside

head

office

State

T o t a l.......................................................................................... 883 288 385 206 4 3,306 1,634 677 988 7

In cen ters w ith p op u la tion (1930) o f—

Under 250 . . ................... ............... 31 24 7 113 73 40

250 to 500............................................................................. 57 36 21 220 147 73

500 to 1,000 ......................................................................... 83 53 30 266 154 112

1 000 to 2,500 . . . 116 4 87 25 326 2 114 210

2,500 to 5,000..................................................................... 88 5 65 18 202 5 55 142

5,000 to 10,000................................................................... 48 4 31 13 149 5 41 103

10,000 to 25,000................................................................. 68 13 26 29 147 16 39 92

25,000 to 50,000................................................................ 58 24 21 13 105 41 20 44

50,000 and over................................................................... 334 238 42 50 4 1,778 1,565 34 172 7

State

Alabama................................................................................. 3 2 1 21 3 5 13

Arizona................................................................................... 5 2 3 24 7 17

Arkansas................................................................................ 8 5 3 9 5 4

California............................................................................... 38 8 18 11 1 838 241 78 519

Colorado ..............................................................................

Connecticut........................................................................... 5 3 1 1 10 4 2 4

Delaware ............................................................................. 6 2 1 3 12 2 4 6

District of Columbia.......................................................... 11 11 30 30

Florida ............................................................................... 1 1 2 2

Georgia................................................................................... 12 2 3 7 27 11 4 12

Idaho ................................................................................. 6 1 5 32 2 30

Illinois ..................................................................................

In d ia n a ................................................................................. 33 9 23 1 53 22 30 1

104 72 32 139 104 35

Kansas...................................................................................

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
K entucky........

Louisiana.........

Maine...............

Maryland........

Massachusetts.

M ichigan.........

Minnesota. . . .

Missouri. 

Montana.

14

26

20

24

42

422

22

5

6 

3 9

34

192

6

19797

19

i s '

31

1061

28

53

58

78

113

1546

42

19224

36

1266

6

28

2920

28

24

20'

252214

22’

Nebraska.............

N evada................

New Hampshire.

New Jersey.........

New M exico. . . .

New Y ork .........

North Carolina. 

North D akota..

O h io....................

Oklahoma..........

22

514

87

42

10

35

37

673

11

'H'29

153

20

12129

2471

2

1195

631

105

10

171

21

‘ 94

6068

‘m ’

243

14

28

37

5212

11

6973

O regon...............

Pennsylvania... 

Rhode Island... 

South Carolina. 

South D akota. .

Tennessee.

Texas.........

U tah...........

V erm ont... 

Virginia. . .

4

42

116

3131

20

**4*8

402

70

2

10621

14

50

99

22

19

48

11

84

17

17

' Y 

i s '

15 1

16

3

10

14 2 5

15

3527

17

14

16

Washington. . . 

West Virginia.

W isconsin........

W yom ing.........

15

2121

47

3

135

'ii'

10

12

68

472

108

19

821

74

3

18

27

’ i s '

1 Excludes 11 branch systems operating in the possessions.

2 Excludes 59 branches located in the possessions.

NUMBER OF BANKING OFFICES

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Federal Reserve Bank of St. Louis
Table 108. N UM BER OF OPERATING BANKING OFFICES OF INSURED COMMERCIAL BANKS, DECEM BER 31, 1936

GROUPED BY AMOUNT OF DEPOSITS, TYPE OF OFFICE, AND POPULATION OF CENTER IN WHICH LOCATED

All

banks Banks and banking offices with daily average deposits, or with deposits on December 31, 1936, of__l

and

banking

offices

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

Not

available

All ban king o ffice s ......................................... 17,234

884

899 3,095

399

3,553

112

3,253

24

2,500

6

1,784

1

569 374 98 1,109

B anking offices in cen ters 

w ith p o p u la tion (1930) o f—

274 68

1,970

2,679

3,355

1,950

1,478

1,288

613

351 955 427 77 16 5 1 138

500 to 1,000.................... 184 973 987 323 52 4 156

1,000 to 2,500............................................... 53 564 1,267

423

1,026

746

267 35 1 1 141

2,500 to 5,000................................................. 11 92 488 114 3 73

5,000 to 10,000............................................... 9 31 143 398 570 279 12 1 35

10,000 to 25,000............................................. 7 24 36 182 403 490 83 11 52

25,000 to 50,000............................................ 2 11 30 47 103 223 123 24 50

50,000 and over............................................. 3,017

13,119

8 46 128 430 595 633 347 337 97 396

U nit b a n k s ...................................................... 789 2,854 3,239 2,643 1,836 1,200 349 181 28

Banks in cen ters w ith p op u lation 

(1930) o f—

Under 250........................................................ 746 249 370 100 20 6 1

250 to 500 ..................................................... 1,699

2,340

2,928

1,665

1,287

1,081

454

315 895 403 64 16 5 1

500 to 1,000.............................................. 154 916 925 296 46 3

1,000 to 2,500............................................... 44 519 1,189

382

919 230 27

2,500 to 5,000................................................. 7 79 675 420 100 2

5,000 to 10,000............................................... 8 27 128 361 513 237 12 1

10,000 to 25,000............................................. 7 17 31 160 359 428 72 7

25,000 to 50,000............................................ 7 22 37 86 185 104 13

50,000 and over............................................. 919 5 24 59 111 160 214 159 159 28

All offices o f banks operating

m ore than on e o ffice ........................ 4,115

138

110 241 314 610 664 584 220 193 70 1,109

68

Offices in centers w ith p o p ­

u lation (1930) o f—

Under 250 ................................................. 25 29 12 4

250 to 500 ............................................... 271 36 60 24 13 138

500 to 1,000 ...................................... 339 30 57 62 27 6 1 156

1,000 to 2,500................................................. 427 9 45 78 107 37 8 1 1 141

2,500 to 5,000................................................. 285 4 13 41 71 68 14 1 73

5 000 to 10,000 ........................................ 191 1 4 15 37 57 42 35

10,000 to 25,000 .......................................... 207 7 5 22 44 62 11 4 52

25,000 to 50,000............................................ 159 2 4 8 10 17 38 19 11 50

50,000 and over............................................. 2,098 3 22 69 319 435 419 188 178 69 396

deposits of unit banks are daily averages for the year; those of offices of banks operating more than one office are as of December 31,1936. See also the NOTE on page 124.

122 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
T a b le 109. N u m b e r OF OPERATING BANKING OFFICES OF INSURED COMMERCIAL BANKS, DECEMBER 31, 1936

GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED,

TYPE OF OFFICE, AND POPULATION OF CENTER IN WHICH LOCATED

All Banks and banking offices in centers with—

banks and 

banking 

offices

1

banking

office

2

banking

offices

3

banking

offices

4

banking

offices

5

banking

offices

6

banking

offices

7

banking

offices

8

banking

offices

9 or more 

banking 

offices

All b an k in g o ffice s.................................................... 17,234 8,247 4,047 1,253 522 ZOO OA A A A11V O 103 2,474

B an king offices in cen ters 

w ith p op u la tion (1930) o f—

Under 250............................................... 884 872 11 1

250 to 500.................................. 1,970 1,884 83 3

500 to 1,000.......................................... 2,679 2,264 404 6 5

1,000 to 2,500............... 3,355 2,096 1,154 96 9

2,500 to 5,000............................................. 1,950 664 1,064 184 28 10 5,000 to 10,000...................................... 1,478 327 725 343 65 18

36

1 9Q

10,000 to 25,000.......................... 1,288

613

131 508 390 199 24 25,000 to 50,000.............................. 8 79 *71

19

149

81

140

81

13

90

10

2,464 50,000 and over...................................................... 3,017 1

/1 

i no 14

t> I iuy 105

U nit b a n k s .................................................. 13,119 7,030 3,587 1,066 409 1 OS 1 /A A 70 loU ou 54 585

Banks in centers w ith pop u lation 

(1930) of—

Under 250.......................................................... 746 735 10 1

250 to 500.......................................................... 1,699 1,623

1,962

1,770

74 2

500 to 1,000......................................................... 2,340 372 6

1,000 to 2,500........................................... 2,928 1,069

917

83 6 2,500 to 5,000........................................ 1,665 550 164 24 10 5,000 to 10,000...................................... 1,287 278 637 299 58 15

10,000 to 25,000............................................... 1,081 105 431 331 169 24

mr;

21 25,000 to 50,000............................................... 454 6 63 KA

14

120

60

94

58 50,000 and over..................................... 919 1

J.UU 

A A

04 

r r 53 53

4

4 4 00 581

All offices o f banks operatin g

m ore than on e o ffic e ............................................. 4,115 1,217 460 187 113 67 HAJ*± 59 49 1,889

Offices in centers w ith p op u la tion (1930) of—

Under 250................................ ....................... 138 137 1

250 to 500..................................... 271 261 9 1

500 to 1,000......................................................... 339 302 32 5

1,000 to 2,500......................................... 427 326 85 13 3

2,500 to 5,000........................................... 285 114 147 20 4 5,000 to 10,000...................................................... 191 49 88 44 7 3

10,000 to 25,000................................ 207 26 77 59 30

46

12

OA

3

25,000 to 50,000................................ 159

2,098

2 16

5

29

21

1 H 12

37 50,000 and over.................................... 23 23

1 i

54

I

52 1,883

NUMBER OF BANKING OFFICES

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

DEPOSITS OF BANKING OFFICES

N o te R e g a r d in g D e p o s it F ig u r e s a n d C l a s s if ic a t io n of B a n k s b y A m o u n t

of D e p o s it s

Deposit figures for banks and banking offices which appear in Tables 110-13,

inclusive, and which are used for classifying banks by size groups in Tables 104-06

and in Table 108, consist of the following:

All insured banks. Average deposits during 1936 are averages of daily total

deposit liabilities as reported on certified statements for assessment purposes.

These deposit liabilities include, in addition to the usual deposits shown on the condition statement, outstanding drafts and uninvested trust funds held in the bank's

own trust department, and exclude a portion of cashiers5 and officers' checks outstanding. It is estimated that total deposit liabilities for assessment purposes

exceed total deposits as shown on the condition statement by less than 2 percent.

The figures in Tables 110-12, inclusive, exclude deposits for 13 banks for which

reports were not available. On December 31, 1936, deposits in these banks amounted to $3,729,000. In Tables 104-06 and in Table 108 these 13 banks are classified

on the basis of deposits as of December 31, 1936.

All offices of insured commercial banks operating more than one office.

In Table 104, banks operating more than one office are classified on the basis of

daily average total deposit liabilities, as reported for assessment purposes, for the

head office and branches or additional offices combined. Branches or additional

offices are classified on the basis of total deposit liabilities as of December 31, 1936,

as submitted in a special report by banks operating branches. The method of

computation was the same as that used for assessment purposes.

In Table 108 the classification of all offices of banks operating more than one office

is on the basis of total deposit liabilities as of December 31, 1936, computed for

assessment purposes.

Noninsured banks. Total deposit liabilities are shown as of December 31,

1936, as reported in Rand McNally Bankers Directory, First 1937 Edition, or

other available sources.

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Federal Reserve Bank of St. Louis
Table 110. A v e r a g e DEPO SITS OF OPERATING BANKS DURING 19361

INSURED AND NONINSURED BANKS GROUPED BY CLASS OF BANK, TYPE OF BANK, AND AMOUNT OF DEPOSITS

All banks Commercial banks Mutual savings banks Deposits of insured banks 

as percent of deposits of—

Insured

Total Insured Non­ Total

Members F. R. System

Not members F. R. 

System

Non­ Total Insured Non­ All Commercial

banks

Mutual

savings

banks

insured Total

National State

insured insured banks

(In thousands of dollars)

All ban k s............................. 57,589,006 46,943,982 10,645,024 47,540,724 45,958,959 25,776,688 14,245,234 5,937,037 1 1,581,765 10,048,282 985,023 9,063,259 81.5 96.7 9.8

Banks with daily average deposits o f—

$100,000 and under........

$100,000 to $250,000. . .

80,273

987,874

59,930

930,499

20,343

57,375

80,043

987,574

59,792

930,499

5,558

505,575

825

14,988

53,409

409,936

20,251

57,075

230

300

138 92

300

74.7

94.2

74.7

94.2

60.0

$250,000 to $500,000..... 1,327,911 1,258,010 69,901 1,325,965 1,257,279 413,293 69,081

143,838

250,107

537,254

774,905 68,686 1,946 731 1,215 94.7 94.8 37.6

$500,000 to $1,000,000 . 

$1,000,000 to $2,000,000 

$2,000,000 to $5,000,000

2,087,050

2,924,309

4,559,325

1,992,329

2,772,047

3,999,777

94,721

152,262

559,548

2,066,023

2,829,210

4,088,711

1,987,174

2,758,652

3,963,015

947,025

1,511,740

2,417,463

890,311

996,805

1,008,298

78,849

70,558

125,696

21,027

95,099

470,614

5,155

13,395

36,762

15,872

81,704

433,852

95.5

94.8

87.7

96.2

97.5

96.9

24.5

14.1

7.8

$5,000,000 to$10,000,000 

$10,000,000 to $50,000 000 

Over $50,000,000 ..........

4,085,775

10,892,163

30,644,326

3,294,444

6,928,013

25,708,933

791,331

3,964,150

4,935,393

3,256,031

7,289,462

25,617,705

3,215,230

6,808,202

24,979,116

2,028,484

3,965,226

13,982,324

626,043

2,015,881

10,581,217

560,703

827,095

415,575

40,801

481,260

638,589

829,744

3,602,701

5,026,621

79,214

119,811

729,817

750,530

3,482,890

4,296,804

80.6

63.6

83.9

98.7

93.4

97.5

9.5

3.3

14.5

Unit b a n k s....................... 27,748,904 22,010,216 5,738,688 22,250,439 21,497,484 13,974,242 3,163,370 4,359,872 752,955 5,498,465 512,732 4,985,733 79.3 96.6 9.3

Banks with daily average deposits o f— 

$100,000 and under.. .. 

$100,000 to $250,000...

79',760 

782,445

59,478

725,070

1,217,548

20,282

57,375

79,530

782,145

59,340

725,070

5,558

310,044

825

14,751

52,957

400,275

20,190

57,075

230

300

138 92

300

74.6

92.7

74.6

92.7

60.0

$250,000 to $500,000... 1,284,577 67,029 1,282,631 1,216,817 413,037 68,752 735,028 65,814 1,946 731 1,215 94.8 94.9 37.6

$500,000 to $1,000,000. 

$1,000,000 to $2,000,000 

$2,000,000 to $5,000,000

1,982,842

2,758,696

4,124,778

1,891,052

2,623,852

3,619,618

91,790

134,844

505,160

1,961,815

2,671,059

3,678,269

1,885,897

2,610,457

3,582,856

940,439

1,498,022

2,318,612

149,280

238,612

457,191

796,178

873,823

807,053

75,918

60,602

95,413

21,027

87,637

446,509

5,155

13,395

36,762

15,872

74,242

409,747

95.4

95.1

87.8

96.1

97.7

97.4

24.5

15.3

8.2

$5,000,000 to$10,000,000 

$10,000,000 to $50,000,000 

Over $50,000,000............

3,22.1,782

6,420,505

7,093,519

2,518,818

3,620,959

5,733,821

702,964

2,799,546

1,359,698

2,473,779

3,796,287

5,524,924

2,449,367

3,544,833

5,422,847

1,687,921

2,547,586

4,253,023

371,648

692,488

1,169,823

389,798

304,759

1

24,412

251,454

102,077

748,003

2,624,218

1,568,595

69,451

76,126

310,974

678,552

2,548,092

1,257,621

78.2

56.4

80.8

99.0

93.4

98.2

9.3

2.9

19.8

Banks operating m ore 

than one office ............

29,840,102 24,933,766 4,906,336 25,290,285 24,461,475 11,802,446 11,081,864 1,577,165 828,810 4,549,817 472,291 4,077,526 83.6 96.7 10.4

Banks with daily average deposits of-— 

$100 000 and under . . . . . 513 452 61 513 452 452 61 88.1 88.1

$100,000 to $250,000. . . 100.0

$250,000 to $500,000. . . 

$500,000 to $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 50,000,000 

Over $50,000,000............

205,429 205,429 205,429 205,429 195,531 237 9,661 100.0

43,334 40,462 2,872 43,334 40,462 256 3?9 39,877 2,872 93.4 93.4

104,208 101,277 2,931 104,208 101,277 6,586 558 94,133 2,931 97.2 97.2

165,613 148,195 17,418 158,151 148,195 13,718 11,495 122,982 9,956 7,462 7,462 89.5 93.7

434,547 380,159 54,388 410,442 380,159 98,851 80,063 201,245 30,283 24,105 24,105 87.5 92.6

863,993

4,471,658

23,550,807

775,626

3,307,054

19,975,112

88,367

1,164,604

3,575,695

782,252

3,493,175

20,092,781

765,863

3,263,369

19,556,269

340,563

1,417,640

9,729,301

254,395

1.323.393

9.411.394

170,905

522,336

415,574

16,389

229,806

536,512

81,741

978,483

3,458,026

9,763

43,685

418,843

71,978

934,798

3,039,183

89.8 

74.0

84.8

97.9

93.4

97.3

11.9

4.5

124

1 Deposits of insured banks are daily averages for the year; those of noninsured baijks are as of December 31, 1936. Excludes 12 insured banks not members of the Federal Reserve System and 

1 national bank, with deposits on December 31, 1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also the NOTE on page 124.

DEPOSITS OF BANKING OFFICES

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 111. AVERAGE DEPOSITS OF OPERATING BANKS DURING 19361

INSURED AND NONINSURED BANKS GROUPED BY CLASS OP BANK IN EACH STATE AND IN THE POSSESSIONS

Total Insured Noninsured

Commercial banks

Total

Insured

Total

Members F. R. System

National State

Not members F.R.

System

Noninsured

Mutual savings banks

Total Insured Noninsured

Deposits of insured banks

as percent of deposits of—

All

banks

Commercial

banks

Mutual

savings

banks

United States and possessions— total........

United States............

Possessions.................

State

Alabama..........

Arizona.............i . .. .

Arkansas.....................

California...................

Colorado.....................

Connecticut................

Delaware.....................

District of Columbia.

Florida.........................

Georgia.....................

Idaho...........................

Illinois.......................

Indiana.......................

Iowa............................

Kansas.......................

Kentucky...................

Louisiana ..................

Maine..........................

Maryland...................

Massachusetts...........

Michigan.....................

Minnesota...................

Mississippi.................

Missouri.....................

Montana.....................

57,589,006

57,419,537

169,469

252,264

70,157

157,670

3,762,550

310,760

1,238,234

164,995

326,096

305,039

412,607

83,125 

3,789,636 

754,708 

589,377 

396,334

422,848

402,939

323,648

801,562

3,987,573

1,287,949

915,883

174,697

1,372,308

131,675

46,943,982

46,938,523

5,459

249,836

70,157

156,301

3,732,644

307,567

460,089

130,497

326,096

302,436

405,623

75,799

3,778,603

734,668

555,880

339,042

410,057

402,412

195,360

537,468

1,799,832

1,272,016

904,348

170,139

1,364,648

131,629

10,645,024

10,481,014

164,010

2,428

1,369

29,906

3,193

778,145

34,498

2,i

6,984

7,326

11,033

20,040

33,497

57,292

12,791

527

128,288

264,094

2,187,741

15,933

11,535

4,558

7,660

46

47,540,724

47,371,255

169,469

252,264

70,157

157,670

3,762,550

310,760

533,337

130,897

326,096

305,039

412,607

83,125

3,789,636

734,433

589,377

396,334

422,848

402,939

198,521

585,012

1,854,866

1.287,949

850,405

174,697

1,372,308

131,675

45,958,959

45,953,500

5,459

249,836

70,157

156,301

3,732,644

307,567

460,089

130,497

326,096

302,436

405,623

75,799 

3,778,< 

720,901 

555,! 

339,042

410,057

402,412

180,796

536,213

1,799,832

1,272,016

838,870

170,139

1,364,648

131,629

(In thousands of dollars)

25,776,688 14,245,234

25,776,688 14,245,234

179,520

46,869

94,115

2,627,554

260,405

33,210

7,858

18,219

700,525

22,408

272,612

17,006

187,641

237,091

284,847

63,517

72,212

88,082

10,539

56,857

36,665

2,760,695

392,557

231,228

228,980

30,597

697,515

43,207

83,546

16,409

226,112

287,254

118,777

324,628

1,324,666

48,849

38,775

29,773

110,305

367,076

724,155

671,071

61,292

618,221

76,415

349,970

8,261

1,219

534,698

35,135

5,937,037

5,931,578

5,459

37,106

15,430

43,967

404,565

24,754

123,960

41,279

50,373

54,806

63,919

8,537

320,393

285,137

241,106

93,653

135,096

76,383

32,246

101,280

108,090

197,891

159,538

107,628

211,729

20,079

1,417,755

164,010

2,428

1,369

29,906

3,193

73,248

400

2,603

6,984

7,!

11.033 

13,532 

33,497 

57,292

12,791

527

17,725

48,799

55.034

15,933

11,535

4,558

7,660

46

10.048.282

10.048.282

985.023

985.023

9.063.259

9.063.259

704,897

34,098

704,897

34,098

20,275 13,767 6,508

125,127

216,550

2,132,707

14,564

1,255

110,563

215,295

2,132,707

65,478 65,478

81.5

81.7

3.2

99.0 

100.0

99.1

99.2

99.0

37.2

79.1 

100.0

99.1

98.3

91.2

99.7

97.3

94.3

85.5

97.0 

99.9

60.4

67.1

45.1

98.8 

98.7

97.4

99.4

99.9

96.7

97.0

3.2

99.0 

100.0

99.1

99.2 

99.0

99.7

100.0

99.1

91.2

99.7

98.2

94.3

85.5

97.0 

99.9

91.1

91.7 

97.0

98.8

98.6

97.4

99.4

99.9

9.8

9.8

11.6

.6

126 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
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................

337,589

27,352

269,798

1,942,420

48,394

19,261,377

386,818

98,839

2,142,133

415,023

263,250

5,034,743

471,813

139,154

87,781

456,434

1,140,538

147,599

169,426

530,565

472,821

266,647

814,781

59,608

326,772

26,322

76,629

1,719,352

47,802

262.153 

4,465,215

297,151

139.154 

87,781

456,434

1,140,538

147,599

102,493

530,565

415,194

266,647

810,702

59,608

326,772

26,322

76,629

1,583,082

47,802

13,298,539

382,124

69,554

2,018,966

412,457

257,245

4,413,400

233,499

130,174

87,162

453,717

1,113,766

147,599

102,493

530.022

402.023 

260,308 

802,154

59,608

5,210

321,769

138,884

450,338

43,030

59,649

4,604

8,106

323,943

8,377

606,558

147,613

17,967

300,851

44,907

29,844

576,407

6,354

47,722

22,856

95,669

113,209

24,486

52,281

113,307

32,180

59,335

263,802

12,606

10,817

1,030

6,515

31,427

592

719,700

4,694

29,285

5,646

2,566

4,908

51,815

63,652

8,980

619

2,717

26,772

13,171

6,339

8,548

186,654

327,911

1,097

569,528

174,662

57,627

4,079

136,270

500,808 

’ 117,521

1,097

5,624

57,627

4,079

186,654

191,641

563,904

174,662

96.8 96.8

96.2 96.2

28.4 92.2

88.5 98.1 41.6

98.8 98.8

71.6 94.9 9.6

98.8 98.8

70.4 70.4

99.7 99.7 100.0

99.4 99.4

98.1 98.1 100.0

87.8 98.8 1.0

49.5 78.6

93.5 93.5

99.3 99.3

99.4 99.4

97.7 97.7 100.0 100.0 100.0 100.0 100.0

99.9 99.9

97.2 96.8 100.0

97.6 9 7 .6 ............

99.0 98.9 1 100.0 100.0 100.0!............

1 Deposits of insured banks are daily averages for the year; those of noninsured b a n k s are as of December 31, 1936. Excludes 12 insured banks not members of the Federal Reserve System and 

1 national bank, with deposits on December 31, 1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also the NOTE on page 124.

DEPOSITS OF BANKING OFFICES 127

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 112. AVERAGE DEPOSITS OF OPERATING COMMERCIAL BANKS DURING 19361

INSURED AND NONINSURED BANKS GROUPED BY AMOUNT OP DEPOSITS IN EACH STATE AND IN TH E POSSESSIONS to

00

U nited States and possessions— to ta l.............................

Insured banks...........................

Noninsured banks....................

U nited S ta te s.........

Insured banks........

Noninsured banks.

P ossession s .............

Insured banks........

Noninsured banks.

State 

A la b a m a ....................

Insured banks........

Noninsured banks.

A rizon a .......................

Insured banks........

Noninsured banks.

A rk an sas....................

Insured banks........

Noninsured banks.

C a lifo rn ia ..................

Insured banks........

Noninsured banks.

C o lo r a d o ....................

Insured banks........

Noninsured banks.

C o n n e c ticu t..................

Insured banks.............

Noninsured banks. . .

D elaw are........................

Insured banks.............

Noninsured banks. . .

D istrict o f C o lu m b ia .

Insured banks.............

Noninsured banks. . .

F lo rid a ............................

Insured banks.............

Noninsured banks. . .

G eorgia...........................

Insured banks.............

Noninsured banks. . .

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1

All banks

$100,000 $100,000 $250,000 $500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000

and to to to to to to to

under $250,000 $500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $50,000,000

Over

$50,000,000

47,540,724

45,958,959

1,581,765

47,371,255

45,953,500

1,417,755

169,469

5,459

164,010

252,264

249,836

2,428

70.157

70.157

157,670

156,301

1,369

3,762,550

3,732,644

29,906

310,760

307,567

3,193

533,337

460,089

73,248

130,897

130,497

400

326.096

326.096

305,039

302,436

2,603

412,607

405,623

6,984

(In thousands of dollars)

80,043

59.792 

20,251

79,869

59.792 

20,077

174

174

2,610

2,484

126

3,645

3,423

222

517

456

61

916

748

168

129

1236

299

205

94

663

591

72

4,366

2,559

1,807

987,574

930.499 

57,075

987,334

930.499 

56,835

240

240

11,682

11,112

570

213

213

10,760

10,048

712

197,957

197,760

197

5,778

4,997

781

1,429

1,285

144

762

762

5,751

5,373

378

14,825

12,486

2,339

1,325,965

1.257.279 

68,686

1,325,415

1.257.279 

68,136

550

550

21,350

20,751

599

18,899

18,464

435

19.025

19.025

12,180

11,147

1,033

4,799

2,527

2,272

3,808

3,502

306

388

13.256

13.256

24,661

22,853

1,808

2,066,023

1.987.174 

78,849

2,061,344

1.987.174 

74,170

4,679

4,679

22,277

21,144

1,133

2.455

2.455

18.775

18.775

39.983

39.983

19,732

18,521

1,211

10,850

9,892

958

6.625

6.625

984

984

17,679

17,157

522

25.054

25.054

2,829,210

2,758,652

70,558

2,817,283

2,753,193

64,090

11,927

5,459

6,468

26.991

26.991

1.023

1.023

23.562

23.562

49,959

48,716

1,243

30.676

30.676

38,563

31,832

6,731

11.555

11.555

3.279

3.279

43,148

41,517

1,631

33,119

32,089

1,030

4,088,711

3.963.015 

125,696

4,059,517

3.963.015 

96,502

29,194

” 29,i94

33.841

33.841

17.076

17.076

15.591

15.591

105,683

96,622

9,061

27.543

27.543

86,610

82,420

4,190

11.414

11.414

15.302

15.302

44.685

44.685

39.198

39.198

3,256,031

3.215.230 

40,801

3,248,687

3.215.230 

33,457

7,344

7,344

20.871

20.871

40.887

40.887

65.280

65.280

24.317

24.317

102,908

95,662

7,246

16.256

16.256

42.917

42.917

16,808

16,808

23.963

23.963

7,289,462

6,808,202

481,260

7,174,101

6,808,202

365,899

115,361

115,361

80.517

80.517

28.519

28.519

25.551

25.551

248,751

229,407

19,344

130.444

130.444

223,233

171,532

51,701

80.178

80.178

115.085

115.085

163.049

163.049

54.543

54.543

25.617.705

24.979.116

638.589

25.617.705

24.979.116

638.589

52.996

52.996

3.035.395

3.035.395

59.174

59.174

64.816

64.816

148.141

148.141

192.878

192.878

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ......................................

Insured banks...................

Noninsured banks...........

Illin o is ...................................

Insured banks...................

Noninsured banks...........

In d ia n a .................................

Insured banks...................

Noninsured banks...........

Io w a .......................................

Insured banks...................

Noninsured banks...........

K a n sa s...................................

Insured banks...................

Noninsured banks...........

K e n tu c k y .............................

Insured banks...................

Noninsured banks...........

L ou isia n a ..............................

Insured banks...................

Noninsured banks...........

M a in e .....................................

Insured banks...................

Noninsured banks...........

M a ry lan d ..............................

Insured banks...................

Noninsured banks...........

M a ssa ch u setts ...................

Insured banks...................

Noninsured banks...........

M ich ig a n ..............................

Insured banks...................

Noninsured banks...........

M in n esota ............................

Insured banks...................

Noninsured banks...........

M ississippi...........................

Insured banks...................

Noninsured banks...........

M issou ri................................

Insured banks...................

Noninsured banks...........

M o n ta n a ..............................

Insured banks...................

Noninsured banks............

83,125

75.799 

7,326

3,789,636

3,778,603

11.033 

734,433 

720,901

13,532

589,377

555,880

33,497

396,334

339,042

57,292

422,848

410,057

12,791

402,939

402,412

527

198,521

180,796

17,725

585,012

536,213

48.799 

1,854,866 

1,799,832

55.034

1,287,949

1,272,016

15,933

850,405

838,870

11,535

174,697

170,139

4,558

1,372,308

1,364,648

7,660

131,675

131,629

46

214

214

2,600

2,365

235

1,724

1,197

527

884

237

647

8,052

2,895

5,157

3,644

2,171

1,473

954

906

48

151

151

1,099

590

509

3,786

2,873

913

932

826

106

7,035

5,932

1,103

406

360

46

1.944

1.944

35,767

35,166

601

22,974

19,977

2,997

30,743

26,098

4,645

45,739

29,281

16,458

19,997

18,354

1,643

5.295

5.295

249

249

6.420

6.420

519

519

17,542

15,499

2,043

32,115

29,953

2,162

8,495

7,858

637

255,075

251,925

3,150

5.726

5.726

5.622

5.622

78,054

75,723

2,331

54,414

50,901

3,513

76,532

67,993

8,539

58,042

41,895

16,147

34,791

33,413

1,378

12,990

12,511

479

3,011

1,943

1,068

14.487

14.487

5.797

5.797

54,546

51,391

3,155

82,967

81,559

1,408

21,323

20,608

715

52,057

50,264

1,793

11.714

11.714

5.932

5.932

125,074

124,527

547

65,506

63,212

2,294

114,352

105,100

9,252

62,883

49,949

12,934

62,812

56,812

6,000

29.644

29.644

9,847

8,574

1,273

30.763

30.763

26,849

26,171

678

62,246

60,477

1,769

94,633

92,421

2,212

29,962

28,020

1,942

65,723

64.109 

1,614

16.110 

16,110

7,470

6,063

1,407

156,971

155,134

1,837

113,924

112,061

1,863

111,115

104,816

6,299

71,910

65,314

6,596

6 4,768 

62,471 

2,297

20.566

20.566

26,082

24,668

1,414

45.705

45.705

58,273

56,308

1,965

92,558

89,028

3,530

67,100

64,459

2,641

34,676

33,518

1,158

62.775

62.775

15.791

15.791

22,660

16,741

5,919

261,554

256,072

5,482

100,202

97,864

2,338

62,360

58,245

4,115

S6,C64

56,064

54.793

54.793

26.079

26.079

59,769

54,844

4,925

47.366

47.366

188,610

184,799

3,811

108,670

103,743

4,927

82,961

80,762

2,199

38.546

38.546

99.396

99.396

239.274

239.274

‘ 64,078 

64,078

59.723

59.723

22.092

22.092

33.158

33.158

39.283

39.283

' 289,709 

289,709

* 21*3,4 iO '

213,410

29.078

29.078

62,055

53,010

9,045

54.479

54.479

200.587

200.587

123.889

123.889

29.028

29.028

40.763

40.763

34.026

34.026

117.933

117.933

25.020

25.020

133.668

133.668

71.552

71.552

95.779

95.779

168,202

168,202

37.508

37.508

205,260

156,461

*48,799

363,609

315,029

48,580

155.247

155.247

68.335

68.335

175.394

175.394

22,882

22,882

2.600.633

2.600.633

98.201

98.201

53,1C6

53,106

110.131

110.131

1?0,381 

180,381

1,010,554*

1,010,554

672.152

672.152

389.480

389.480

536.920

536.920

DEPOSITS OF BANKING OFFICES 129

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 112. A v e r a g e D e p o s it s of Op e r a t in g Co m m er c ia l B a n k s D u r in g 19361 — Continued

INSURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STATE AND IN TH E POSSESSIONS

CO

o

N ebraska..................

Insured ban ks.. . . 

Noninsured banks

N evada......................

Insured banks. . . . 

Noninsured banks 

New H a m p sh ire ... 

Insured banks.. . . 

Noninsured banks

New J ersey..............

Insured ban ks.. . . 

Noninsured banks

New M e x ico ............

Insured ban ks.. . . 

Noninsured banks

New Y o r k .................

Insured banks.. . . 

Noninsured banks 

N orth C a rolin a . . . 

Insured banks.. .. 

Noninsured banks

N orth D a k ota ........

Insured banks.. . . 

Noninsured banks

O h io ...........................

Insured banks. . . . 

Noninsured banks

O k la h o m a ...............

Insured banks.. . . 

Noninsured banks

O re g o n ......................

Insured banks.. .. 

Noninsured banks

P en n sylvan ia.........

Insured banks.. .. 

Noninsured banks

R h ode Isla n d .........

Insured ban ks.. .. 

Noninsured banks,

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1

All banks

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

337,589

326,772

10,817

27,352

26,322

1,030

83,144

76,629

6,515

1,614,509

1,583,082

31,427

48,394

47,802

592

14,018,239

13,298,539

719,700

386,818

382,124

4,694

98,839

69,554

29,285

2,024,612

2,018,966

5,646

415,023

412,457

2,566

262,153

257,245

4,908

4,465,215

4,413,400

51,815

297,151

233,499

63,652

3,631

1,911

1,720

177

177

77

77

193

193

372

372

1,139

978

161

3,679

3,269

410

590

495

95

2,924

2,599

325

99

99

549

455

94

30

30

27,812

24,117

3,695

202

202

1,082

887

195

1,136

1,022

114

291

291

7,164

6,730

434

10,130

10,000

130

11,481

10,701

780

17,690

16,153

1,537

23,907

22,288

1,619

4,657

4,315

342

14,397

13,949

(In thousands of dollars)

44,250

41,437

2,813

1,318

490

828

4,427

4,038

389

14.081

14.081

5.388

5.388

86,701

85,996

705

19,128

18,740

388

13,399

12,962

437

72,426

69,564

2,862

37,566

36,944

622

9.271

9.271

63,673

62,345

1,328

38,082

37,166

916

1.382

1.382

15,326

12,463

2,863

62,555

61,058

1,497

7,954

7,362

592

127,837

127,305

532

24.780

24.780

6.499

6.499

129,977

128,825

1,152

37.950

37.950

12.496

12.496

202,222

196,732

5,490

1.766

1.766

28,193

26,520

1,673

3.641

3.641

13.939

13.939

169.577

169.577

7.268

7.268

245,481

243,733

1,748

52.740

52.740

12.495

12.495

161.604

161.604

37.465

37.465

17.633

17.633

352,824

349,621

3,203

7,323

1,532

5,791

28.380

28.380

3.096

3.096

24,323

21,432

2,891

261.117

261.117

6.898

6.898

478,256

455,712

22.544 

53,559

49.544 

4,015

17.186

17.186

233.500

233.500

64.654

64.654

16,751

12,284

4,467

635.349

635.349

23,005

18,792

4,213

16.978

16.978

23.870

23.870

226.708

226.708

20.402

20.402

363.919

363.919

24.623

24.623

6.442

6.442

149.926

149.926

19.235

19.235

5.940

5.940

483,621

474,023

9,598

13.843

13.843

150.263

150.263

17.713

17.713

617,467

587,728

29,739

764,312

709,536

54,776

72.951

72.951

27,658

27,658

244.608

244.608

81.700

81.700

11.245

11.245

635,336

603,682

31,654

134,842

81,194

53,648

261.791

261.791

11,944,197

11,305,608

638,589

127.768

127.768

1.014.291

1.014.291

109.622

109.622

184.061

184.061

2.077.244

2.077.244

116,342'

116,342

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
South Carolina

Insured banks........

Noninsured banks.

South Dakota..........

Insured banks........

Noninsured banks.

Tennessee..................

Insured banks........

Noninsured banks.

Texas............................

Insured banks........

Noninsured banks.

U ta h ............................

Insured banks........

Noninsured banks.

Verm ont....................

Insured banks........

Noninsured banks.

Virginia......................

Insured banks........

Noninsured banks.

W ashington..............

Insured banks........

Noninsured banks.

West Virginia...........

Insured banks........

Noninsured banks.

W iscon sin................

Insured banks........

N oninsured banks.

W yom ing...................

Insured banks........

Noninsured banks.

139,154

130,174

8,980

87,781

87,162

619

456,434

453,717

2,717

,140,538

.,113,766

26,772

147.599

147.599

102.493

102.493

530,565

530.022 

543

415,194

402.023 

13,171

266,647

260,308

6,339

810,702

802,154

8,548

59.608

59.608

2,061

1,298

763

3.039

3.039

3,914

3,505

409

8,280

6,619

1,661

97

97

1.084

1.084

1,076

971

105

97

97

1,789

1,597

192

278

278

5,683

4,428

1,255

15.416

15.416

17,331

17,089

242

44,414

39,129

5,285

1.342

1.342

525

525

9.380

9.380

6,076

5,662

414

4,314

3,895

419

23,998

23,731

267

1.149

1.149

10,413

9,133

1,280

10,281

10,281

24.011

24.011

80,958

75,538

5,420

7.117

7.117

6.567

6.567

28.193

28.193

15,770

15,460

310

17,136

15,920

1,216

62,259

59,700

2,559

6.369

6.369

13,897

11,249

2,648

9,946

9,327

619

32,812

31,910

902

104,675

98,381

6,294

7.234

7.234

13.950

13.950

64,870

64,327

28,992

27,612

1,380

34,748

32,937

1,811

106,299

103,707

2,592

8.345

8.345

18,186

15,152

3,034

16.643

16.643

36,736

35,572

1,164

107,279

104,838

2,441

25.438

25.438

30.036

30.036

68.500

68.500

35,707

32,313

3,394

37.807

37.807

107.626

107.626

11.583

11.583

22.509

22.509

16.945

16.945

23.451

23.451

146,828

141,157

5,671

5.089

5.089

39.173

39.173

81.577

81.577

24.814

24.814

83,361

80,565

2,796

111,214

108,276

2,938

18.483

18.483

11.343

11.343

15.511

15.511

35.957

35.957

128.717

128.717

5.953

5.953

12.242

12.242

60.456

60.456

40,894

33,326

7,568

17.529

17.529

95.813

95.813

13.401

13.401

55.062

55.062

225.864

225.864

449.502

449.502

95.329

95.329

147.445

147.445

72.108

72.108

71.655

71.655

109.333

109.333

56.358

56.358

69.885

69.885

69.060

69.060

189.757

189.757

192.371

192.371

1Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936. Excludes 12 insured banks not members of the Federal 

Reserve System and 1 national bank, with deposits on December 31,1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also 

the N OTE on page 124.

CODEPOSITS OF BANKING OFFICES

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 113. DEPO SITS OF OPERATING M UTUA L SAVINGS BANKS, DECEM BER 31, 19361

INSURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STATE

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1

All banks

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

U nited States— t o ta l............... 10,048,282

985,023

9,063,259

704,897

230

138

92

300

c

1,946

731

1,215

[n thousands o

21,027

5,155

15,872

1,770

if dollars)

95,099

13,395

81,704

17,618

470,614

36,762

433,852

74,618

829,744

79,214

750,530

125,618

3,602,701

119,811

3,482,890

414,034

5,026,621

729,817

4,296,804

71,239

Noninsured banks.................... 300

State 

C on n ecticu t . .

Insured banks.......................

Noninsured banks 704,897

34,098

1,770 17,618 74,618 125,618

8,152

414,034

25,946

71,239

D elaw are...................................

Insured banks.......................

Noninsured banks................ 34,098

20,275

13,767

6,508

125,127

14,564

110,563

216,550

1,255

215,295

2,132,707

8,152

13,891

7,383

6,508

24,058

6,974

17,084

8,935

25,946

In d ia n a ...................................... 3.493

3.493

2.891

Insured banks....................... 2.891

Noninsured banks................

M a in e ......................................... 252 5,179

2,690

2,489

1.255

1.255

12,289 42,526

4,900

37,626

2,537

40,823

Insured banks.......................

Noninsured banks................ 252

290

12,289

1,820

40,823

M ary lan d ............ 109,985 91,728

Insured banks.......................

Noninsured banks . . 290 1,820

22,959

2,537

187,464

8,935

344,784

109,985

1,025,674

91,728

M a ssa ch u setts........................ 92 165 5,457 546,112

Insured banks.......................

Noninsured banks................ 2,132,707

65.478

65.478

92 165 5,457 22,959 187,464 344,784 1,025,674 546,112

65.478

65.478

M in n e so ta ................................

Insured banks.......................

Noninsured banks................

New H am p sh ire ..................... 186,654 346 5,175 15,828 55,185 23,245 86,875

Insured banks.......................

Noninsured banks................ 186,654

327,911

136,270

191,641

5,243,138

500,808

4,742,330

346

439

439

5,175

512

512

15,828

2,623

1,069

1,554

9,636

55,185

8,506

4,837

3,669

67,953

23,245

61,338

37,068

24,270

191,934

86,875

163,243

92,345

70,898

1,527,202

New Jersey ........................ 91,250

Insured banks.......................

Noninsured banks................ 91,250

3,445,432

500,808

2,944,624

New Y o r k ..................................

Insured banks.......................

981

Noninsured banks................ 981 9,636 67,953 191,934 1,527,202

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
O hio.............................

Insured banks........

Noninsured banks.

Oregon........................

Insured banks........

Noninsured banks.

Pennsylvania............

Insured banks.........

Noninsured banks.

Rhode Island...........

Insured banks........

Noninsured banks.

Verm ont.....................

Insured banks........

Noninsured banks.

W ashington..............

Insured banks........

Noninsured banks.

W isconsin..................

Insured banks........

Noninsured banks.

117.521

117.521

1.097

1.097

569,528

5,624

563,904

174,662

174,662

66.933

66.933

57.627

57.627

4.079

4.079

138

138

135

135

327

327

292

292

698

698

1.382

1.382

1.097

1.097

4.848

4.848

1.506

1.506

5.624

5.624

4,800

4,800

13.629

13.629

2.446

2.446

2.435

2.435

7.091

7.091

20.698

20.698

77,851

77,851

103,602

103,602

27.466

27.466

109.048

109.048

486,053

486,053

65,798

65,798

54.483

54.483

1Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936.

DEPOSITS OF BANKING OFFICES 133

Digitized for FRASER 

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

ASSETS AND LIABILITIES OF O PER ATIN G BANKS

T ab le 114. SUMMARY OF ASSETS AND LIABILITIES OF OPERATING COMMERCIAL

B a n k s in t h e U n it e d S t a t e s a n d P o s s e s s io n s , D e c e m b e r 31, 1935,

J u n e 30, 1936, a n d D e c e m b e r 31, 1936

1935

Dec. 31 June 30 . Dec. 31

A ll banks

ASSETS

Cash and amounts due from other banks.............................................

United States Government obligations, direct and fully guaranteed

Other securities............................................................................................

Loans, discounts, and overdrafts............................................................

Miscellaneous assets...................................................................................

T otal a ssets........................................................................................

LIABILITIES

Total deposits..............................................................................................

Miscellaneous liabilities.............................................................................

Total capital account.................................................................................

T ota l liabilities and capital a c c o u n t......................................

Number of banks:

Included in above figures......................................................................

Not included in above figures.............................................................

Total operating.......................................................................................

(In millions of dollars)

14,320 14,516 16,255

13,826 15,346 15,290

7,115 7,714 7,888

15,143 15,547 16,390

2,373 2,357 2,333

52,777 55,480 58,156

45,611 48,161 50,840

649 715 680

6,517 6,604 6,636

52,777 55,480 58,156

15,312 15,211 15,092

62 62 59

15,374 15,273 15,151

Insured banks (In millions of dollars)

ASSETS

Cash and amounts due from other banks...............................................

United States Government obligations, direct and fully guaranteed.

Other securities.............................................................................................

Loans, discounts, and overdrafts..............................................................

Miscellaneous assets.....................................................................................

T otal a ssets.......................................................................................

13,851

13,275

6,841

14,698

2,253

50,918

14,039

14,772

7,412

15,107

2,248

53,578

15,731

14,749

7,558

15,940

2,218

56,196

LIABILITIES

Total deposits................................................................................................

Miscellaneous liabilities...............................................................................

Total capital account...................................................................................

T otal liabilities and capital a cco u n t........................................

44,126

582

6,210

50,918

46,626

654

6,298

53,578

49,258

609

6,329

56,196

Number of banks:

Included in above figures........................................................................

N ot included in above figures1..............................................................

Total operating.........................................................................................

14,123

3

14,126

14,059

6

14,065

13,970

3

13,973

N oninsured banks

ASSETS

Cash and amounts due from other banks.............................................

United States Government obligations, direct and fully guaranteed

Other securities............................................................................................

Loans, discounts, and overdrafts............................................................

Miscellaneous assets...................................................................................

T otal assets........................................................................................

LIABILITIES

Total deposits..............................................................................................

Miscellaneous liabilities.............................................................................

Total capital account.................................................................................

T otal liabilities and capital a cco u n t......................................

Number of banks:

Included in above figure.......................................................................

Statements of assets and liabilities not available.........................

Total operating.......................................................................................

(In millions of dollars)

469 477 524

551 574 541

274 302 330

445 440 450

120 109 115

1,859 1,902 1,960

1,485 1,535 1,582

67 61 71

307 306 307

1,859 1,902 1,960

1,189 1,152 1,122

59 56 56

1,248 1,208 1,178

*(a) On December 31, 1935, 1 trust company not engaged in deposit banking, 1 Deposit Insurance 

National Bank, and 1 bank not a member of the Federal Reserve System from which a report was not 

received; (b) on June 30,1936, 2 trust companies not engaged in deposit banking, and 4 banks not member 

of the Federal Reserve System from which reports were not received or were received too late for compilation; (c) on December 31, 1936, 2 trust companies not engaged in deposit banking, and 1 bank not a 

member of the Federal Reserve System from which a report was not received.

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ASSETS AND LIABILITIES OF OPERATING BANKS 135

T ab le 115. SUMMARY OF ASSETS AND LIABILITIES OF OPERATING M U TU AL 

S a v in g s B a n k s i n t h e U n i t e d S t a t e s , D e c e m b e r 31, 1935,

J u n e 30, 1936, a n d D e c e m b e r 31, 1936

Dec. 31

1936

June 30

All banks

ASSETS

Cash and amounts due from other banks.............................................

United States Government obligations, direct and fully guaranteed

Other securities............................................................................................

Loans, discounts, and overdrafts............................................................

Miscellaneous assets...................................................................................

T ota l a ssets........................................................................................

LIABILITIES

Total deposits..............................................................................................

Miscellaneous liabilities.............................................................................

Total capital account.................................................................................

T otal liabilities and capital a c c o u n t......................................

Number of banks........................................................................................

(In millions of dollars)

552

1,684

2,920

5,127

875

11,158

9,880

21

1,257

11,158

544

1,984

2,795

5,030

937

11,290

9,975

23

1,292

11,290

565

2,188

2,730

4,973

942

11,398

10,061

19

1,318

11,398

565 563

Insured banks 

ASSETS

Cash and amounts due from other banks.............................................

United States Government obligations, direct and fully guaranteed

Other securities...........................................................................................

Loans, discounts, and overdrafts............................................................

Miscellaneous assets...................................................................................

T otal assets.......................................................................................

LIABILITIES

Total deposits...............................................................................................

Miscellaneous liabilities.............................................................................

Total capital account.................................................................................

T otal liabilities and capital a c c o u n t......................................

Number of banks........................................................................................

(In millions of dollars)

68 70 70

179 210 237

284 271 262

489 476 469

88 95 94

1,108 1,122 1,132

978 988 998

4 4 3

126 130 131

1,108 1,122 1,132

56 56 56

N oninsured banks 

ASSETS

Cash and amounts due from other banks...............................................

United States Government obligations, direct and fully guaranteed

Other securities..............................................................................................

Loans, discounts, and overdrafts..............................................................

Miscellaneous assets.....................................................................................

T otal assets..........................................................................................

LIABILITIES

Total deposits................................................................................................

Miscellaneous liabilities...............................................................................

Total capital account...................................................................................

T otal liabilities and capital a cco u n t........................................

Number of banks..........................................................................................

(In millions of dollars)

484 474 495

1,505 1,774 1,951

2,636 2,524 2,468

4,638 4,554 4,504

787 842 848

10,050 10,168 10,266

8.902 8,987 9,063

17 19 16

1,131 1,162 1,187

10,050 10,168 10,266

510 509 507

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Federal Reserve Bank of St. Louis
Table 116. A s s e t s AND L IA B IL IT IE S OF OPERATING INSURED COMMERCIAL BANKS, CALL P A TES, JUNE 30, 1934, TO DECEM BER 31, 1936

1934 1935 1936

June 30 December 31 June 29 December 31 June 30 December 31

Number of banks1............................................................................................... 13,896 14,137 14,175 14,123 14,059 13,970

ASSETS

Cash, balances w ith oth er ban ks, an d cash item s in process o f co lle ctio n :

Coin and currency................................................................................................................

Reserve with Federal Reserve banks..............................................................................

Balances with private banks and American branches of foreig n banks.................

Other demand balances with banks in the United States :

In New York C ity ...........................................................................................................

Other time balances with banks in the United States...............................................

Balances with banks in foreign countries......................................................................

Cash items in process of collection..................................................................................

T otal cash, balances w ith oth er ban ks, an d cash item s in process of 

co lle c tio n ..................................................................................................................

622,749

3,819,410

(2)

1,302,378

2,232,294

126,325

145,652

1,093,987

9,342,795

792,674

4,081,565

(2)

1,480,875

2,559,545

152,784

190,363

1,944,295

11,202,101

(In thousand

705,488

4,933,277

( 2)

1,612,871

2,759,445

150,266

76,225

1,219,335

11,456,907

s of dollars)

869,626

5,573,212

38,008

1,817,424

3,033,305

160,645

54,889

2,304,017

13,851,126

915,988

5,607,119

35,951

1,869,377

3,201,486

159,674

55,409

2,194,114

14,039,118

917,310

6,571,694

36,545

1,898,633

3,493,012

160,908

57,603

2,594,855

15,730,560

D irect oblig ation s o f the U nited States G ov ern m en t:

Bonds.......................................................................................................................................

Treasury notes.......................................................................................................................

Treasury bills.........................................................................................................................

T otal d irect obligation s o f th e U nited States G ov ern m en t..................

5,210,244

3,046,894

1,450,838

9,707,976

5,069,132

4,401,740

1,032,187

10,503,059

4,889,004

4,476,099

1,104,669

10,469,772

4,369,967

5,603,462

1,195,007

11,168,436

5,816,750

5,428,167

1,270,127

12,515,044

6,724,308

4,755,941

1,055,211

12,535,460

O bligations fu lly guaranteed by th e U nited States G ov ern m en t:

Reconstruction Finance Corporation..............................................................................

Federal Farm Mortgage Corporation..............................................................................

Home Owners’ Loan Corporation.....................................................................................

T otal obligations fu lly gu aran teed by th e U. S. G ov ern m en t.............

235,942

61,585

8295,997

593,524

245,462

326,788

637,585

1,209,835

246,715

447,451

1,188,051

1,882,217

243,393

563,041

1,300,419

2,106,853

238,076

575,357

1,444,000

2,257,433

212,709

568,258

1,433,126

2,214,093

O th er secu rities:

Obligations of:

TTnmo ^^rnD^a, T n PnTnrWQfiAn o*l!PPri oq f r\ lntprpcit ntllv

J (<> I } 273,466 f 

2,256,316 

23,256 

915,267 

902,784 

106,673 

703,466 

145,990 

535,131 

334,236 

6,196,585

136,791

177,353

119,520

2,388,770

21,916

980,743

908,600

101,533

691,339

146,553

489,402

296,093

6,458,613

10,498

205,925

134,422

2,558,536

21,507

1,025,574

975,497

97,597

711,150

146,382

501,800

295,610

6,684,498

Federal Land banks........................................................................................................

Federal Intermediate Credit banks.............................................................................

States and their political subdivisions........................................................................

Territorial and insular possessions of the United States.......................................

Railroads.................................................................................................................. ..........

Public utilities...................................................................................................................

Real estate corporations.................................................................................................

Other domestic corporations5 .......................................................................................

Stock of Federal Reserve banks.......................................................................................

Stock of other domestic corporations..............................................................................

Foreign securities— public and private...........................................................................

T ota l oth er secu rities.............................................................................................

224,116

98,702

2,633,631

24,326

1,017,472

1,090,295

97,632

745,078

130,317

486,065

293,465

6,841,099

258,191

139,687

2,758,456

19,521

1,173,943

1,176,996

91,988

853,656

130,810

510,502

297,859

7,411,609

229,903

114,260

2,734,041

22,089

1,232,832

1,287,352

89,507

932,697

130,744

505,643

278,638

7,557,706

FEDERAL DEPOSIT INSURANCE CORPORATION

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L oans, d iscou n ts, an d overdrafts (in clu d in g red iscou n ts):

Commercial paper bought in open market....................................................................

Notes, bills, acceptances, etc., payable in foreign countries....................................

Acceptances of other banks payable in the United States........................................

Reporting banks’ own acceptances..................................................................................

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

Loans to brokers and dealers in securities— In New York C ity ..............................

Elsewhere..............................................

Loans on farm land.............................................................................................................

Loans on other real estate.................................................................................................

Agricultural loans (excluding loans on farm land)......................................................

Commercial and industrial loans.....................................................................................

All other loans— On securities..........................................................................................

Otherwise secured and unsecured....................................................

Overdrafts..............................................................................................................................

T otal loans, d iscou n ts, and overdrafts..........................................................

M iscellaneou s assets:

Banking house, furniture and fixtures...........................................................................

Other real estate owned.....................................................................................................

Customers’ liability on account of acceptances..........................................................

Redemption fund and due from United States Treasurer........................................

Borrowed securities..............................................................................................................

Other assets...........................................................................................................................

T otal m iscellan eou s a ss e ts ..................................................................................

T otal a ssets................................................................................................................

LIABILITIES AND CAPITAL

D em and deposits (exclusive o f in terban k d eposits):

Individuals, partnerships, and corporations.................................................................

United States Government...............................................................................................

States and their political subdivisions...........................................................................

Cash letters of credit, certified, officers', and travelers’ checks outstanding,

and amounts due to Federal Reserve banks............................................................

T otal d em an d d ep osits..........................................................................................

T im e deposits (exclusive o f in terban k d ep osits):

Individuals, partnerships, and corporations:

Evidenced by savings pass books..............................................................................

Certificates of deposit.....................................................................................................

Open accounts.................................................................................................................

Christmas savings and similar accounts....................................................................

Postal savings........................................................................................................................

States and their political subdivisions............................................................................

T o ta l tim e d e p o sits.................................................................................................

In terb a n k d ep osits:

Banks in the United States...............................................................................................

Banks in foreign countries.................................................................................................

T ota l in terb a n k d ep osits......................................................................................

T ota l d e p o sits............................................................................................................

218,727

20,559

265,222

216,690

165,095

1,116,165

213,261

555,885

2,906,282

8

3,713,803

5,789,309

7,680

15,188,678

1,212,843

426,996

254,360

36,249

5,110

470,672

2,406,230

43,435,788

14,881,070

1,708,141

2,023,548

400,287

19,013,046

9,163,890

1,459,611

617,041

79,656

661,327

384,032

12,365,557

4,270,506

164,485

4,434,991

35,813,594

257,223

31,987

257,273

235,382

163,951

876,561

191,825

499,251

2,836,414

8

3,492,460

5,751,098

9,729

14,603,154

1,212,438

465,313

243,093

33,956

3,641

504,067

2,462,508

46,439,270

16,717,180

1,686,555

2,265,552

862,934

21,532,221

9,708,911

1,363,516

556,316

25,549

524,404

335,070

12,513,766

4,794,507

155,846

4,950,353

38,996,340

284,725

17,751

201,164

138,969

127,807

993,856

197,497

497,475

2,832,874

$

3,294,779

5,901,592

6,966

14,495,455

1,209,938

507,573

158,934

11,842

2,306

372,177

2,262,770

47,251,619

18,029,625

804,567

2,586,882

445,727

21,866,801

10,236,013

1,355,785

577,171

85,102

372,479

325,624

12,952,174

5,201,586

279,638

5,481,224

40,300,199

309,903

29,377

181,539

174,874

105,322

1,064,772

203,078

487,505

2,835,257

(2?

3,228,460

6,068,215

9,679

14,697,981

1,196,266

550,723

180,495

1,489

323,095

2,252,068

50,917,563

20,074,063

881,308

2,674,238

921,170

24,550,779

10,575,116

1,299,133

590,436

30,874

279,928

405,187

13,180,674

5,941,190

452,978

6,394,168

44,125,621

318,879

17,979

144,298

118,780

86,865

1,097,524

273,513

489,244

2,876,819

661,606

6229,765

3,193,292

5,591,228

7,393

15,107,185

1,194,621

574,024

159,267

1,000

319,091

2,248,003

53,578,392

21,463,913

1,105,886

2,885,335

832,437

26,287,571

10,933,195

1,335,166

637,045

100,291

195,840

428,928

13,630,465

6,232,648

475,065

6,707,713

46,625,749

378.018 

18,703

161.019 

133,090

90,269

1,172,495

274,269

487,604

2,959,251

3,102,832

6,270,346

10,011

15,939,722

1,177,752

560,468

181,281

1,115

297,760

2,218,376

56,195,917

23,419,236

946,564

2,916,202

935,237

28,217,239

11,491,137

1,254,003

676,659

32,343

139,737

347,084

13,940,963

6,657,491

442,291

7,099,782

49,257,984

ASSETS AND LIABILITIES OF OPERATING BANKS 137

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Table 116. A s s e t s AND L IA B IL IT IE S OF OPERATING INSURED COMMERCIAL BANKS, CALL D A TES, JUNE 30, 1934, TO DECEM BER 31, 1936

— Continued

C ircu latin g n otes o u ts ta n d in g ........................................................................................

M iscellan eou s liabilities:

Bills payable, rediscounts, and other liabilities for borrowed money7 ...................

Securities borrowed................................................................ ; ............................................

Mortgage bonds and participation certificates outstanding......................................

Acceptances outstanding executed by or for the account of reporting banks. . . .

Dividends declared but not yet payable8 ......................................................................

Other liabilities......................................................................................................................

T otal m iscellan eou s lia b ilities............................................................................

T otal liabilities (exclu din g capital a c c o u n t).

C apital a cco u n t:

Capital stock, notes, and debentures.........................................................

Surplus...............................................................................................................

Undivided profits— net.................................... .. ...........................................

Reserve for contingencies and undeclared dividends8 ...........................

Retirement fund for preferred stock, capital notes, and debentures. 

T otal ca p ita l a c c o u n t........................................................................

T otal liabilities and cap ital a c c o u n t .

M EM ORAN DU M

Pledged assets:

United States Government obligations, direct and fully guaranteed, pledged

to secure liabilities......................... . ...............................................................................

Other assets pledged to secure liabilities........................................................................

Secured and preferred liabilities:

Deposits secured by pledged assets pursuant to requirement of law

1934 1935 1936

June 30 December 31 June 29 December 31 June 30 December 31

694,790

78,850

5,110

61,387

279,212

(2)

258,518

683,077

650,935

48,768

3,641

43,943

263,672

42,287

238,117

640,428

(In thousanc 

222,045

46,299

2,306

35,304

175,659

37,897

218,708

516,173

Is of dollars)

i

35,019

1,489

31,347

198,718

43,598

271,346

581,517

38,558

1,000

27,578

180,299

45,682

360,938

654,055

32,296

1,115

23,634

203,226

48,502

300,458

609,231

37,191,461 40,287,703 41,038,417 44,707,138 47,279,804 49,867,215

3,319,216

1,962,163

470,668

491,126

1,154

6,244,327

3,348,841

1,914,833

470,017

414,087

3,789

6,151,567

3,365,309

1,892,655

529,451

420,661

5,126

6,213,202

3,300,196

1,946,020

548,084

407,369

8,756

6,210,425

3,212,615

2,042,072

628,478

401,455

13,968

6,298,588

3,081,433

2,184,512

666,020

374,295

22,442

6,328,702

43,435,788 46,439,270 47,251,619 50,917,563 53,578,392 56,195,917

3,922,453

1,880,591

4.2^2 769

4,048,426

1,500,536

A H P-A R50

3,101,588

1,342,620

R ,445 7P9

2,994,476

1,180,649

3,492,359

3,438,857

1,043,355

3,838,827

3,217,375

1,014,004

3,590,329

Excludes banks not members of the Federal Reserve System as follows: 43 on Jane 30, 1934; 12 on December 31, 1934; 4 on June 29, 1935; 3 on December 31, 1935; 

6 on June 30, 1936; and 3 on December 31, 1936.

2Not reported separately.

includes Home Owners’ Loan Corporation 4 percent bonds guaranteed as to interest only.

4Not available. See note 3.

includes obligations of Joint Stock Land banks.

6Amounts reported separately only for banks not members of the Federal Reserve System.

’Includes agreements to repurchase securities sold and obligations on industrial advances transferred to Federal Reserve banks.

8Dividends declared but not yet payable includes for national banks, amounts set aside for dividends not declared, and for State banks members of the Federal Reserv e 

System, amounts set aside for dividends not declared and for accrued interest on capital notes and debentures.

CO00FEDERAL DEPOSIT INSURANCE CORPORATION

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Table 117. A SSETS AND LIA B ILITIE S OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E FED ERA L RESER V E SYSTEM,

Ca l l D a t e s , Ju n e 30, 1934, to D e c e m b e r 31, 1936

1934 1935 1936

June 30 December 31 June 29 December 31 June 30 December 31

Number of banks1.............................................................................................. 7,521 7,695 7,765 7,736 7,659 7,594

ASSETS

C ash, balances w ith oth er ban ks, and cash item s in process o f c o lle ctio n :

150,106

(2)

185,723

682,672

32,316

4,972

37,208

1,092,997

184,072

(2)

199,984

804,602

39,645

5,848

40,988

1,275,139

(In thousar

168,478

<2)

233,015

853,898

39,566

4,981

35,962

1,335,900

ids of dollars)

204,848

1,249

256,956

972,764

42,534

4,101

49,262

1,531,714

202,567

1,488

261,386

1,016,739

43,363

3,711

46,621

1,575,875

219,930

900

298,823

1,174,202

48,716

2,123

61,580

1,806,274

Balances with private banks and American branches of foreign banks.................

Other demand balances with banks in the United States:

In New York C ity...........................................................................................................

Other time balances with banks in the United States...............................................

Balances with banks in foreign countries......................................................................

Cash items in process of collection.................................................................................

T o ta l cash , balan ces w ith oth e r banks,and cash item s in process o f 

c o lle c tio n ................................................................................................................

D irect ob lig a tion s o f th e U nited States G overnm ent:

Bonds...................................................................................................................................... 371,801

175,996

23,495

571,292

410,583

184,556

2,228

597,367

431,038

162,194

5,414

598,646

464,482

199,996

3,431

667,909

521,901

267,482

4,186

793,569

663,984

229,296

2,694

895,974

Treasury notes......................................................................................................................

Treasury bills........................................................................................................................

T otal d irect ob lig a tion s o f th e United States G overn m en t..................

O bligation s fu lly gu aran teed by th e U nited States G overnm ent:

Reconstruction Finance Corporation.............................................................................

Federal Farm Mortgage Corporation.............................................................................

Home Owners’ Loan Corporation...................................................................................

T otal oblig ation s fu lly gu aran teed by the U. S. G overn m en t.............

O th er secu rities:

Obligations of:

Home Owners’ Loan Corporation guaranteed as to interest only.......................

Federal Land banks........................................................................................................

Federal Intermediate Credit banks............................................................................

States and their political subdivisions.......................................................................

Territorial and insular possessions of the United States.......................................

Railroads............................................................................................................................

Public utilities..................................................................................................................

Real estate corporations................................................................................................

Other domestic corporations5 .......................................................................................

Stock of other domestic corporations.............................................................................

Foreign securities— public and private..........................................................................

T otal o th e r secu ritie s............................................................................................

922

20,461

363,498

84,881

4,073

84,688

131,866

220,627

2,991

114,204

206,641

323,836

1,989

127,535

209,465

338,989

1,994

116,966

188,016

306,976

2,381

110,870

195,124

308,375

J (<) I 34,812 f

424,258 

4,527 

179,659 

191,183 

28,894 

138,177 

131,174 

57,369 

1,190,053

25,643

41,338

2,231

441,135

4,815

187,760

193,797

26,794

137,365

118,632

51,828

1,231,338

3,109

43,456

1,055

457,024

4,708

200,516

210,820

26,066

142,160

118,914

49,525

1,257,353

48,955

873

474,534

5,908

195,635

234,648

23,307

159,390

106,910

49,558

1,299,718

49,828

2,686

494,189

3,911

225,605

250,841

22,675

173,324

95,995

47,522

1,366,576

45,343

3,192

525,403

4,315

240,898

285,267

20,532

201,162

94,828

42,139

1,463,079

ASSETS AND LIABILITIES OF OPERATING BANKS 139

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 117. A s s e t s AND L i a b i l i t i e s OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E FED ERA L R ESER V E SYSTEM,

Ca l l D a t e s , Ju n e 30, 1934, to D e c e m b e r 31, 1936— Continued

1934 1935 1936

June 30 December 31 June 29 December 31 June 30 December 31

L oan s, d iscou n ts, and overdrafts (in clu d in g rediscou n ts):

Commercial paper bought in open market..........................^........................................

Notes, bills, acceptances, etc., payable in foreign countries....................................

Acceptances of other banks payable in the United States........................................

Reporting banks’ own acceptances..................................................................................

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

Loans to brokers and dealers in securities— In New York C ity..............................

Elsewhere..........................................

Loans on other real estate.................................................................................................

18,723

357

1,482

6,532

12,029

34,538

5,723

267,405

838,062

24,782

583

1,232

3,558

8,454

33,193

5,120

237,455

824,849

(In thousanc 

37,621 

459 

537 

3,751 

8,753 

19,224 

5,688 

238,946 

814,066

is of dollars) 

37,954 

460 

528 

5,477 

7,337 

17,897 

6,810 

236,290 

802,623

40,932

284

231

1,589

6,173

18,629

7,191

233.088 

792,797 

240,992 

229,765 

329,840

662.089 

1,740

2,565,340

54,276

315

494

1,959

5,160

28,049

8,107

229,377

812,946

211,482

244,446

318,096

662,680

2,482

2,579,869

All other loans— On securities..........................................................................................

Otherwise secured and unsecured....................................................

Overdrafts..............................................................................................................................

T otal loans, d iscou n ts, and overd ra fts..........................................................

M iscellaneou s assets:

Banking house, furniture and fixtures............................................................................

Other real estate owned......................................................................................................

Customers’ liability on account of acceptances...........................................................

Borrowed securities..............................................................................................................

Other assets...........................................................................................................................

T otal m iscellan eou s a ssets..................................................................................

T otal a ssets.................................................................................................................

404,945

1,073,723

2,179

2,665,698

382,900

1,049,763

3,162

2,575,051

363,681

1,072,608

2,155

2,567,489

335,917

1,068,632

2,954

2,522,879

215,026

140,648

1,444

2,586

86,352

446,056

211,351

151,757

1,142

1,745

96,562

462,557

211,293

168,487

1,183

1,388

61,400

443,751

204,582

183,744

1,424

698

43,871

434,319

199,700

194,567

2,313

445

39,044

436,069

195,777

192,982

1,867

526

32,861

424,013

6,050,977 6,362,079 6,526,975 6,795,528 7,044,405 7,477,584

L IA BILITIE S AND CAPITAL

D em and deposits (exclusive o f in terban k d ep osits):

Individuals, partnerships, and corporations.................................................................

United States Government................................................................................................

States and their political subdivisions............................................................................

Cash letters of credit, certified, officers’ , and travelers’ checks outstanding,

and amounts due to Federal Reserve banks.............................................................

T otal dem an d d ep osits..........................................................................................

T im e deposits (exclusive o f in terban k d ep osits):

Individuals, partnerships, and corporations:

Certificates of deposit......................................................................................................

Christmas savings and similar accounts....................................................................

States and their political subdivisions............................................................................

1,532,346

50,348

425,678

28,621

2,036,993

1,766,011

51,039

466,117

24,679

2,307,846

1,823,382

25,851

496,274

29,116

2,374,623

2,038,981

37,267

534,774

39,464

2,650,486

2,141,915

69,311

564,882

43,300

2,819,408

2,448,932

64,603

587,022

54,106

3,154,663

1,995,651

514,433

26,669

20,207

76,300

51,358

2,684,618

2.109.883 

481,538

36,227

6,202

72,416

40,618

2.746.884

2,250,367

487,005

34,564

20,369

65,876

40,548

2,898,729

2,281,256

483,232

42,064

9,371

62,364

43,841

2,922,128

2,367,563

491,911

24,032

22,996

43,606

50,930

3,001,038

2,499,921

488,688

29,161

7,024

35,368

50,855

3,111,017

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
In terb a n k d ep osits:

Banks in the United States...............................................................................................

Banks in foreign countries.................................................................................................

T otal in terb a n k d e p o sits ......................................................................................

T otal d e p o sits ............................................................................................................

M iscella n eou s liab ilities:

Bills payable, rediscounts, and other liabilities for borrowed money7 ...................

Securities borrowed..............................................................................................................

Mortgage bonds and participation certificates outstanding.....................................

Acceptances outstanding executed by or for the account of reporting banks. . . .

Dividends declared but not yet payable.......................................................................

Other liabilities.....................................................................................................................

T o ta l m iscella n eou s lia b ilities...........................................................................

T ota l liabilities (exclu din g capital a cco u n t)...............................................

C apital a c c o u n t:

Capital stock, notes, and debentures.............................................................................

Surplus....................................................................................................................................

Undivided profits— net.......................................................................................................

Reserve for contingencies and undeclared dividends..................................................

Retirement fund for preferred stock, capital notes, and debentures.....................

T o ta l ca p ita l a c c o u n t ............................................................................................

T o ta l liabilities a r d cap ital a c c o u n t....................... .........................

78,109

1,507

79,616

91,691

1,514

93,205

87,410

1,310

88,720

94,620

4,204

98,824

95,514

4,225

99,739

102,288

4,690

106,978

4,801,227 5,147,935 5,362,072 5,671,438 5,920,185 6,372,658

38,696

2,586

12,450

1,214

<2)

55,401

110,347

29,640

1,745

8,678

905

1,975

74,129

117,072

30,023

1,388

7,729

1,090

1,621

23,476

65,327

20,820

698

6,905

1,147

2,579

26,688

58,837

18,706

445

6,801

2,078

1,683

31,286

60,999

15,116

526

5,101

1,739

3,071

25,850

51,403

4,911,574 5,265,007 5,427,399 5,730,275 5,981,184 6,424,061

667,034

271,603

83,440

116,869

457

1,139,403

684,755

253,177

79,004

78,869

1,267

1,097,072

681,990

245,631

93,085

77,133

1,737

1,099,576

666,456

235,421

89,792

70,994

2,590

1,065,253

645,418

235,556

108,195

70,145

3,907

1,063,221

627,593

248,142

105,696

64,478

7,614

1,053,523

6,050,977 6,362,079 6,526,975 6,795,528 7,044,405 7,477,584

M EM O RAN D U M

Pledged assets:

United States^Government obligations, direct and fully guaranteed, pledged to

secure liabilities.................................................................................................................

Other assets pledged to secure liabilities.......................................................................

Assets deposited with State authorities to qualify for the exercise of fiduciary 

or comorate nowers. or Dled^ed for other nurnoses6. . . .................................

182,483

370,742

209,650

306,713

225,203

256,788

244,182

238,010

265,258

199,182

37,473

293

502,206

277,258

190,574

30,933

472

499,237

Securities loaned to banks, dealers in securities, and others6 .................................. ....................................................

T o t a l...............................................................................................................................

S ecured an d preferred liabilities:

Deposits secured by pledged assets pursuant to requirement of law.....................

Deposits preferred under the provisions of law but not secured by pledge of assets6 

Bills Davable. rediscounts, and other liabilities for borrowed monev6 ...................

378,632 390,527 362,174 | 391,638 406,005 

60,505 

20,221 

16,551 

503 2S2

408,743

74,008

14,645

13,113

51ft

Other liabilities secured by pledged assets6 ................................................................. ......................................................

T o t a l................................................................................................................

’--- 1

Excludes banks not members of the Federal Reserve System as follows: 43 on June 30, 1934; 12 on December 31, 1934; 4 on June 29, 1935; 3 on December 31, 1935;

6 on June 30, 1936; and 3 on December 31, 1936.

2Not reported separately.

includes Home Owners’ Loan Corporation 4 percent bonds guaranteed as to interest only.

4Not available. See note 3.

includes obligations of Joint Stock Land banks. ■ ,

6Amounts reported separately only as of June 30, 1936, and December 31, 1936.

’ Includes agreements to repurchase securities sold.

ASSETS AND LIABILITIES OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS

Table 118. A SSETS AND L IA B IL IT IE S OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E FED ERA L R ESER V E SYSTEM,

D e c e m b e r 31, 1936

Banks with deposits on December 31, 1936, of—

All

banks $100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

Number of banks1 ...................................... 7,581 638 2,172 2,105 1,365 789 369 86 52 5

ASSETS

Cash, balances w ith oth er ban ks, an d cash 

item s in process o f c o lle c tio n :

Coin and currency............................................... 217,477 2,466 14,336 26,106

(In thousai 

32,282

ids of dollars' 

38,335

)

36,497 18,833 29,268

187,584

19,354

Balances with banks........................................... 1,511,564 18,111 129,711 230,887 264,735 277,242 228,655 126,160 48,479

59,159 7,033

1,788,200

139 809 2,247

259,240

5,090

302,107

9,565

325,142

11,528 6,100 16,648

233,500

T otal cash, balances w ith oth er ban ks, 

and cash item s in process o f c o llection ........................................................... 20,716 144,856 276,680 151,093 74,866

Securities:

Obligations, direct, of the U. S. Governm ent. 

Obligations fully guaranteed by the U. S. 

Government......................................................

888,898

307,433

3,108

1,570

32,962

19,047

71,029

37,867

95,836

49,415

127,193

50,098

163,360

50,620

87,255

19,453

197,635

47,380

110,520

31,983

Obligations of States and their political 

subdivisions....................................................... 525,244 3,328

1,682

29,774 68,213 84,483 94,644 79,715 41,621 73,371 50,095

Other securities.................................................... 930,516

2,652,091

32,672 89,360 144,945 182,436 200,449 96,763 152,364 29,845

T otal secu rities............................................. 9,688 114,455 266,469 374,679 454,371 494,144 245,092 470,750 222,443

Loans, d iscou n ts, and overdrafts (in clu d ­

ing red iscou n ts):

Commercial paper bought in open m arket. . 

Notes, bills, acceptances, etc., payable in 

foreign countries...........................................

53,431

314

110 2,394 7,736

17

11,001

46

11,034

133

11,351 4,686

8

5,119

54 21 35

Acceptances of other banks payable in the 

United States................................................... 494 17 1 8 10 41 2 67 348

Reporting banks’ own acceptances 1,959

5,160

28,049

24 49 229 15 161 528 3 950

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

Loans to brokers and dealers in securities— 

In New York City

11 79 283 298 234 778 984 2,493

12,910

2,680

208 773 3,536

1,909

10,622

Elsewhere............................................. 8,056 19 55 217 544 1,264 848 520

Loans on farm land............................................. 229,225 3,681 28,984 52,730 60,130 42,062 25,852 6,333 7,464 1,989

Loans on other real estate.................................. 798,962 2,167 19,914 49,837 85,889 137,000 165,403 91,314 124,059 123,379

Agricultural loans (excluding loans on farm 

land)................................................................... 211,477 10,869 53,722 64,077 45,528 26,135 8,671 1,322 1,152 1

Commercial and industrial loans..................... 244,446 1,873 14,454 28,057 37,711 45,721 52,200 25,627 33,360 5,443

All other loans— On securities.......................... 313,233 547 4,720 13,439 27,282 55,795 69,326 40,972 80,947 20,205

Otherwise secured and unsecured. . . . 

Overdrafts.............................................................

652,929

2,480

7,427

65

50,966

204

99,279

293

118,755

412

119,179

658

95,844

576

66,668

187

83,798

82

11,013

3

T otal loans, discounts, and ov erd ra fts. 2,550,215 26,810 175,596 316,202 387,621 439,625 432,173 243,616 355,397 173,175

T otal loan s and secu rities........................ 5,202,306 36,498 290,051 582,671 762,300 893,996 926,317 488,708 826,147 395,618

142 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
M iscellaneou s assets:

Banking house, furniture and fixtures...........

Other real estate owned....................................

Customers’ liability on account of accep193,255

191,192

1,867

526

2,238

1,770

11,574

7,695

17

19,094

12,704

32

25,041

20,643

34

34,679

27,415

41

36,370

32,997

503

16,111

24,590

127

39,036

51,968

1,094

9,112

11,410

19

14 70 24 194 224

Other assets...........................................................

T otal m iscella n eou s a ssets ...................

32,759

419,599

242

4,264

1,353

20,709

1,641

33,495

2,782

48,694

3,721

66,080

4,676

74,546

7,492

48,320

9,196

101,294

1,656

22,197

T ota l a sse ts.................................................... 7,410,105 61,478 455,616 875,406 1,113,101 1,285,218 1,277,543 688,121 1,160,941 492,681

L IA BILITIE S

D eposits:

Individuals, partnerships, and corporations:

Dem and............................................................. 2,421,183 27,607 195,673 352,820 405,878 433,606 389,729 198,603 346,804 70,463

Tim e................................................................... 2,997,654 11,828 127,119 296,328 423,555 524,031 568,135 305,487 431,647 309,524

States and their political subdivisions........... 637,497 5,200 44,189 83,466 100,922 108,157 89,558 54,768 116,187 35,050

United States Government.............................. 64,287 30 766 2,438 2,846 6,018 8,383 7,937 28,403 7,466

35,325

106,610

135 2,051

1,637

6,639

3,402

8,647

6,677

7,141

11,149

4,753

17,676

2,902

12,988

3,057

Other banks.......................................................... 128 13,161 39,792

Cash letters of credit, certified, officers’ , and

travelers’ checks outstanding....................... 53,616 204 1,883 4,642 6,444 9,292 10,497 5,712 7,968 6,974

T otal d e p o sits ............................................... 6,316,172 45,132 373,318 749,735 954,969 1,099,394 1,088,731 588,397 973,858 442,638

Demand.......................................................... 3,221,770 32,717 2kl ,503 U0,921 515,101

kS9,868

558,k00 503,629 27 k,08 5 523,735 131,679

Time............................................................... 3,091+,1+02 12,U15 131,815 308,81k 5k0,99k 585,102 31k,312 k50,l 23 310,959

M iscellaneou s liabilities:

Bills payable, rediscounts, and other liabilities for borrowed money2 .......................

Securities borrow ed.............................................

15,116

526

100

34

216

70

363

24

759

194

1,753

224

2,193 819 8,913

Mortgage bonds and participation certificates outstanding..........................................

Acceptances outstanding executed by or for 

the account of reporting banks...................

5,101

1,739

3,015

105 191

2

1,374

15

1,791

28

1,254

482

81

122

188

1,071

411

117

19

Dividends declared but not yet payable........ 32 263 452 537 532 509 204 75

Other liabilities.................................................... 25,451 149 992 1,694 2,697 3,340 4,270 5,128 5,688 1,493

T otal m iscellan eou s liabilities 50,948 295 1,646 2,726 5,576 7,668 8,708 6,354 16,271 1,704

T otal liabilities (exclu din g capital

a c c o u n t )....................................................... 6,367,120 45,427 374,964 752,461 960,545 1,107,062 1,097,439 594,751 990,129 444,342

C apital a cco u n t:

Capital stock, notes, and debentures............... 621,623 12,601 57,877 83,576 98,218 110,750 103,678 51,232 81,901 21,790

Surplus................................................................... 245,236 2,215 13,421 22,320 30,739 38,649 40,932 25,845 55,026 16,089

Undivided profits— n et...................................... 104,572 907 6,751 11,566 15,352 17,602 19,084 9,922 18,285 5,103

Reserve for contingencies and undeclared

dividends........................................................... 64,037 258 1,938 4,520 7,047 9,560 14,874 5,732 15,001 5,107

Retirement fund for preferred stock, capital

notes, and debentures....................................

T otal ca p ital a c c o u n t................................

7,517 70 665 963 1,200 1,595 1,536 639 599 250

1,042,985 16,051 80,652 122,945 152,556 178,156 180,104 93,370 170,812 48,339

T otal liabilities an d cap ital a c c o u n t .. 7,410,105 61,478 455,616 875,406 1,113,101 1,285,218 1,277,543 688,121 1,160,941 492,681

^Excludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks, 

includes agreements to repurchase securities sold.

ASSETS AND LIABILITIES OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS ^

Table 119. AVERAGES P E R BANK OF ASSETS AND LIA B ILITIE S , OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E

F e d e r a l R e s e r v e Sy s t e m , D e c e m b e r 31, 1936

All

banks

Banks with deposits on December 31, 1936, of—

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

0 )

Number of banks2..................................... 7,581 638 2,172 2,105 1,365 789 369 86 52 5

ASSETS

C ash, balances w ith oth er banks, and cash

item s in process o f co llection :

Coin and currency............................................... $ 28,687 $ 3,865 $ 6,600 $ 12,402 $ 23,650 $ 48,587 $ 98,908 $ 218,988 $ 562,846 $ 3,870,800

Balances with banks........................................... 199,389 28,387 59,720 109,685 193,945 351,384 619,661 1,466,977 3,607,384 9,695,800

Cash items in process of collection................. 7,803 218 373 1,068 3,729 12,123 31,241 70,930 320,154 1,406,600

T otal cash, balances w ith oth er banks,

and cash item s in process o f co llection .......................................................... 235,879 32,470 66,693 123,155 221,324 412,094 749,810 1,756,895 4,490,384 14,973,200

Securities:

Obligations, direct, of the U. S. Government. 117,254 4,871 15,176 33,743 70,210 161,208 442,710 1,014,593 3,800,673 22,104,000

Obligations fully guaranteed by the U. S.

Government...................................................... 40,553 2,461 8,769 17,989 36,201 63,495 137,182 226,198 911,154 6,396,600

Obligations of States and their political

subdivisions...................................................... 69,284 5,216 13,708 32,405 61,892 119,954 216,030 483,965 1,410,981 10,019,000

Other securities.................................................... 122,743 2,636 15,042 42,451 106,187 231,224 543,222 1,125,151 2,930,077 5,969,000

T otal secu rities............................................. 349,834 15,184 52,695 126,588 274,490 575,881 1,339,144 2,849,907 9,052,885 44,488,600

to a n s , discou n ts, and overdrafts (in clu d ­

ing red iscou n ts):

Commercial paper bought in open market. . 7,048 172 1,102 3,675 8,059 13,985 30,762 54,488 98,442

Notes, bills, acceptances, etc., payable in

foreign countries........................................ 41 25 8 34 169 57 93 673

Acceptances of other banks payable in the

United States................................................... 65 27 4 8 52 5 779 6,692

Reporting banks’ own acceptances 258 38 23 109 11 204 1,431 35 18,269

Loans to banks ................................................... 681 17 36 134 218 297 2,108 11,442 47,942

Loans to brokers and dealers in securities—

In New York C ity ............................ 3,700 264 2,095 41,116 248,269 2,124,400

Elsewhere............................................. 1,063 30 25 103 399 1,602 2,298 22,198 51,539 104,000

Loans on farm land............................................. 30,237 5,770 13,344 25,050 44,051 53,311 70,060 73,640 143,539 397,800

Loans on other real estate.................................. 105,390 3,396 9,169 23,676 62,922 173,637 448,247 1,061,791 2,385,750 24,675,800

Agricultural loans (excluding loans on farm

land)................................................................... 27,896 17,036 24,734 30,440 33,354 33,124 23,499 15,372 22,154 200

Commercial and industrial loans..................... 32,245 2,936 6,655 13,329 27,627 57,948 141,463 297,988 641,539 1,088,600

All other loans— On securities.......................... 41,318 857 2,173 6,384 19,987 70,716 187,875 476,419 1,556,673 4,041,000

Otherwise secured and unsecured. . . . 86,127 11,641 23,465 47,164 87,000 151,050 259,740 775,209 1,611,500 2,202,600

Overdrafts............................................................. 327 102 94 139 302 834 1,561 2,175 1,577 600

T otal loans, d iscou n ts, and overd ra fts. 336,396 42,022 80,845 150,215 283,972 557,193 1,171,201 2,832,745 6,834,558 34,635,000

T otal loans and secu rities........................ 686,230 57,206 133,540 276,803 558,462 1,133,074 2,510,345 5,682,652 15,887,443 79,123,600

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
M iscellan eou s assets:

Banking house, furniture and fixtures...........

Other real estate owned....................................

Customers’ liability on account of acceptances .................................................................

25,492

25,220

246

3,507

2,775

5,329

3,543

g

9,070

6,035

15

12

18,345

15,123

25

142

43,953

34,747

52

284

98,563

89,423

1,363

187,337

285,930

1,477

750,692

999,384

21,039

1,822,400

2,282,000

3,800

Borrowed securities......................................... 69 22 32

Other assets..........................................................

T otal m iscellan eou s assets ...................

4,321

55,348

380

6,684

623

9,535

780

15,912

2,038

35,673

4,716

83,752

12,672

202,021

87,116

561,860

176,846

1,947,961

331,200

4,439,400

T otal a sse ts.................................................... 977,457 96,360 209,768 415,870 815,459 1,628,920 3,462,176 8,001,407 22,325,788 98,536,200

LIABILITIES

D eposits:

Individuals, partnerships, and corporations:

Dem and............................................................. 319,375 43,271 90,089 167,611 297,347 549,564 1,056,176 2,309,337 6,669,308 14,092,600

T im e................................................................... 395,417 18,539 58,526 140,774 310,297 664,171 1,539,661 3,552,175 8,300,904 61,904,800

States and their political subdivisions.......... 84,091 8,150 20,345 39,651 73,935 137,081 242,705 636,837 2,234,365 7,010,000

United States Governm ent.............................. 8,480 47 353 1,158 2,085 7,627 22,718 92,291 546,212 1,493,200 Postal savings....................................................... 4,660 212 944 3,154 6,335 9,051 12,881 33,744 58,788 Other banks.......................................................... 14,063 201 754 1,616 4,891 14,131 47,903 151,023 765,231 ’ 2,632,266' Cash letters of credit, certified, officers’, and

travelers’ checks outstanding....................... 7,072 320 867 2,205 4,721 11,777 28,447 66,419 153,231 1,394,800

T ota l d e p o sits ............................................... 833,158 70,740 171,878 356,169 699,611 1,393,402 2,950,491 6,841,826 18,728,039 88,527,600 Demand.......................................................... l+21+,979 51,281 111,189 209,1*61* 377,363 707,731 1,361*, 81+9 3,187,035 10,071,827 26,335,800 T ime.............................................................. 1*08,179 19,1*59 60,689 11*6,705 322,21+8 685,671 1,585,61+2 3,651+,791 8,656,212 62,191,800

M iscellan eou s lia b ilities:

Bills payable, rediscounts, and other liabilities for borrowed money3 ....................... 1,994 157 100 172 556 2,222

284

5,943 9,523 171,404 Securities borrowed............................................. 69 22 32 12 142

Mortgage bonds and participation certificates outstanding.......................................... 673 48 91 1,007 2,270 3,398 942 3,615 23,400 Acceptances outstanding executed by or for

the account of reporting banks...................

Dividends declared but not yet payable........

229

398 50 121

1

215

11

394

35

674

1,306

1,379

1,418

2,372

20,596

7,904

3,800

15,000 Other liabilities.................................................... 3,357 233 456 804 1,975 4,233 11,572 59,628 109,384 298,600 T otal m iscellan eou s lia b ilitie s ............... 6,720 462 757 1,295 4,085 9,718 23,598 73,883 312,903 340,800

T ota l liabilities (exclu din g capital

a c c o u n t )...................................................... 839,878 71,202 172,635 357,464 703,696 1,403,120 2,974,089 6,915,709 19,040,942 88,868,400

C apital a cco u n t:

Capital stock, notes, and debentures.......... 81,997 19,750 26,647 39,704 71,955 140,367 280,970 595,721 1,575,019 4,358,000 Surplus................................................................... 32,349 3,472 6,179 10,603 22,519 48,985 110,927 300,523 1,058,192 3,217,800 Undivided profits— n et...................................... 13,794 1,422 3,108 5,495 11,247 22,309 51,718 115,373 351,635 1,020,600 Reserve for contingencies and undeclared 

dividends........................................................... 8,447 404 893 2,147 5,163 12,117 40,309 66,651 288,481 1,021,400

50,000

Retirement fund for preferred stock, capital

notes, and debentures....................................

T otal capital a c c o u n t................................

992 110 306 457 879 2,022 4,163 7,430 11,519

137,579 25,158 37,133 58,406 111,763 225,800 488,087 1,085,698 3,284,846 9,667,800

T otal liabilities an d ca p ita l a c c o u n t .. 977,457 96,360 209,768 415,870 815,459 1,628,920 3,462,176 8,001,407 22,325,788 98,536,200

^Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000. 

Excludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks, 

includes agreements to repurchase securities sold.

ASSETS AND LIABILITIES OF OPERATING BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS

Table 120. PERCENTAGE D ISTR IB U TIO N OF ASSETS AND LIA B ILITIE S , OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS ^

o f t h e F e d e r a l R e s e r v e S y s t e m , D e c e m b e r 31, 1936 ^

All

Banks with deposits on December 31,

05CO

o

i

$100,000 $100,000 $250,000 $500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 Over

and to to to to to to to $50,000,000

under $250,000 $500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $50,000,000 O

Number of banks2 ...................................... 7581 638 2172 2105 1365 789 369 86 52 5

ASSETS

C ash, balances w ith oth er banks, and cash (Ratios to total assets, in percent)

item s in process o f co lle ctio n :

Coin and currency............................................... 2.9 4.0 3.1 2.9 2.9 3.0 2.9 2.7 2.5 3.9

Balances with banks........................................... 20.4 29.5 28.5 26.4 23.8 21.6 17.9 18.4 16.2 9.8

Cash items in process of collection................. .8 .2 .2 .3 .4 .7 .9 .9 1.4 1.5

T otal cash , balances w ith oth er banks.

and ca sh item s in process o f c o llection ........................................................... 24.1 33.7 31.8 29.6 27.1 25.3 21.7 22.0 20.1 15.2

S ecurities:

Obligations, direct, of the U. S. Government. 12.0 5.0 7.2 8.1 8.6 9.9 12.8 12.7 17.0 22.4

Obligations fully guaranteed by the U. S.

Government...................................................... 4.2 2.6 4.2 4.3 4.5 3.9 3.9 2.8 4.1 6.5

Obligations of States and their political

subdivisions....................................................... 7.1 5.4 6.5 7.8 7.6 7.4 6.2 6.0 6.3 10.2

Other securities.................................................... 12.6 2.8 7.2 10.3 13.1 14.1 15.7 14.0 13.2 6.1

T otal secu rities............................................. 35.9 15.8 25.1 30.5 33.8 35.3 38.6 35.5 40.6 45.2

Loans, d iscou n ts, and overdrafts (in clu d ­

in g red iscou n ts):

Commercial paper bought in open m arket. . .7 .2 .5 .9 1.0 .9 .9 .7 .4

Notes, bills, acceptances, etc., payable in

foreign countries.............................................

Acceptances of other banks payable in the

United States...................................................

Reporting banks’ own acceptances................. .1

Loans to banks..................................................... .1 .1 .1 .1 .2

Loans to brokers and dealers in securities—

In New York C ity ............................ .4 .1 .5 1.1 2.2

Elsewhere............................................. .1 .1 .1 .3 .2

Loans on farm land............................................. 3.1 6.0 6.4 6.0 5.4 3.3 2.0 .9 A

Loans on other real estate.................................. 10.8 3.5 4.4 5.7 7.7 10.7 12.9 13.3 10.7 25.0

Agricultural loans (excluding loans on farm

land).................................................................. 2.9 17.7 11.8 7.3 4.1 2.0 .7 2 i

Commercial and industrial loans..................... 3.3 3.1 3.2 3.2 3.4 3.6 4.1 3/7 2!9 1.1

All other loans— On securities.......................... 4.2 .9 1.0 1.5 2.5 4.3 5.4 6.0 7.0 4.1

Otherwise secured and unsecured. . . . 8.8 12.1 11.2 11.4 10.7 9.3 7.5 9.7 7.2 2.2

Overdrafts............................................................. .1 .1 .1 .1

T otal loans, discou n ts, an d o verd ra fts. 34.4 43.6 38.6 36.1 34.8 34.3 33.9 35.4 30.6 35.1

T otal loan s and se cu ritie s ....................... 70.3 59.4 63.7 66.6 68.6 69.6 72.5 70.9 71.2 80.3

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
M iscellaneou s assets:

Banking house, furniture and fixtures...........

Other real estate ow ned....................................

Customers’ liability on account of acceptances .................................................................

Borrowed securities.........................................

Other assets..........................................................

T otal m iscellan eou s a ssets ...................

T otal assets.

LIABILITIES

D eposits:

Individuals, partnerships, and corporations:

Dem and..................................................

T im e........................................................

States and their political subdivisions .

United States Government...................

Postal savings............................................

Other banks................................................

Cash letters of credit, certified, officers’ , and

travelers’ checks outstanding.............

T otal d e p o sits ....................................

Demand...............................................

Time....................................................

M iscellaneou s liabilities:

Bills payable, rediscounts, and other liabilities for borrowed money3 .......................

Securities borrowed.............................................

Mortgage bonds and participation certificates outstanding.........................................

Acceptances outstanding executed by or for

the account of reporting banks.........

Dividends declared but not yet payable

Other liabilities.........................................

T otal m iscellan eou s lia b ilitie s.. .

T otal liabilities (exclu din g capital 

a c c o u n t )............................................

C apital a cco u n t:

Capital stock, notes, and debentures.

Surplus.........................................................

Undivided profits— n et............................

Reserve for contingencies and undeclared

dividends...........................................................

Retirement fund for preferred stock, capital

notes, and debentures..........................

T otal capital a c c o u n t ......................

T otal liabilities and capital a c c o u n t ..

^Because of the small number of banks, the figures for this group are not necessarily typical of those banks with deposits of over $50,000,000. 

JiiXcludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks, 

includes agreements to repurchase securities sold.

2.6 3.6 2.5 2.2 2.2 2.7 2.9 2.4 3.3 1.8 2.6 2.9 1.7 1.4 1.8 2.1 2.6 3.6 4.5 2.3

.4 .4 .3 .2 .3 .3 .3 1.1 •8 .4 5.6 6.9 4.5 3.8 4.3 5.1 5.8 7.1 8.7 4.5

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

32.7 44.9 42.9 40.3 36.4 33.7 30.5 28.8 29.9 14.3 40.5 19.2 27.9 33.9 38.1 40.8 44.5 44.3 37.2 62.9 8.6 8.5 9.7 9.5 9.1 8.4 7.0 8.0 10.0 7.1 .9 .1 .2 .3 .2 .5 .6 1.2 2.4 1.5

.4 .2 .4 .7 .8 .5 .4 .4 .3

1.4 .2 .4 .4 .6 .9 1.4 1.9 3.4 2.7

.7 .3 .4 .5 .6 .7 .8 .9 .7 1.4 85.2 73.4 81.9 85.6 85.8 85.5 85.2 85.5 83.9 89.9 43.5 53.2 53.0 50.4 46.3 43.4 39.4 39.8 45.1 26.8

41.7 20.2 28.9 35.2 39.5 42.1 45.8 45.7 38.8 63.1

.2 .2 .1 .1 .1 .1 .2 .1 .8

.1 .1 .1 .1

.1 .1 A .1 .1 .1 .1

.3 .2 .2 .2 .2 .3 .4 .8 .5 .3 .7 .5 .4 .4 .5 .6 .7 .9 1.4 .3

85.9 73.9 82.3 86.0 86.3 86.1 85.9 86.4 85.3 90.2

8.4 20.5 12.7 9.6 8.8 8.6 8.1 7.5 7.1 4.4 3.3 3.6 2.9 2.5 2.8 3.0 3.2 3.8 4.7 3.3 1.4 1.5 1.5 1.3 1.4 1.4 1.5 1.4 -1.6 1.0

.9 .4 .4 .5 .6 .8 1.2 .8 1.2 1.0

.1 .1 .2 .1 .1 .1 .1 .1 .1 .1 14.1 26.1 17.7 14.0 13.7 13.9 14.1 13.6 14.7 9.8

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

ASSETS AND LIABILITIES OF OPERATING BANKS

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Federal Reserve Bank of St. Louis
EXAMINERS’ ANALYSIS OF INSURED BANKS

Table 121. EXAM INERS’ ANALYSIS OF CAPITAL AND L IA B ILITIE S OF OPERATING INSURED COMMERCIAL BANKS £

n o t M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a tio n in 1936 oo

b a n k s g r o u p e d b y a m o u n t o f d e p o s it s a n d b y s t a t e s

Number

of

banks1

Capital account Liabilities (exclusive

account)

of capital

Total

RFC

capital

Private

capital

Net 

deductions 

or additions

Sound

capital

Sound

private

capital

Total Deposits Other

liabilities

(In thousands of dollars)

U nited States and possessions— t o t a l........................ 7,555 1,081,809 188,806 893,003 98,199 983,610 794,804 5,854,892 5,754,148 100,744

Banks w ith deposits as of 

date of exam in ation o f—

$100,000 and under............................................................ 765 19,650 3,123 16,527 2,796 16,854 13,731 54,008 53,359 649

$100,000 to $250,000.......................................................... 2,369 92,790 13,853 78,937 6,816 85,974 72,121 409,713 405,431 4,282

$250,000 to $500,000.......................................................... 1,992 127,096 20,656 106,440 6,134 120,962 100,306 713,164 707,755 5,409

$500,000 to $1,000,000...................................................... 1,257 153,925 27,109 126,816 8,408 145,517 118,408 888,946 878,442 10,504

$1,000,000 to $2,000,000.................................................. 709 179,718 34,123 145,595 16,856 162,862 128,739 997,042 982,077 14,965

$2,000,000 to $5,000,000.................................................. 340 187,840 30,824 157,016 20,139 167,701 136,877 1,024,420 1,011,028 13,392

$5,000,000 to $10,000,000................................................ 75 101,287 17,587 83,700 12,673 88,614 71,027 534,664 512,413 22,251

$10,000,000 to $50,000,000.............................................. 44 165,254 28,031 137,223 22,813 142,441 114,410 866,187 842,250 23,937

Over $50,000,000................................................................ 4 54,249 13,500 40,749 1,564 52,685 39,185 366,748 361,393 5,355

State

Alabama................................................................................ 120 8,544 1,066 7,478 56 8,488 7,422 36,698 36,160 538

Arizona .............................. 5 1,635 1,635 202 1,837 1,837 15,516 15,433 83

Arkansas................................................................................ 154 8,883 1,862 7,021 955 7,928 6,066 43,439 43,067 372

California.............................................................................. 95 60,338 12,552 47,786 64,972 52,420 397,987 394,118 3,869

Colorado................................................................................ 55 3,070 568 2,502 355 2,715 2,147 23,663 23,615 48

Connecticut........................................................................... 37 17,574 2,732 14,842 1,917 15,657 12,925 106,277 99,859 6,418

Delaware................................................................................

District of Columbia^ ..............................

24

10

9,473 221 9,252 27 9,500 9,279 41,732 41,003 729

Florida................................................................................... 93 8,570 502 8,068 218 8,788 8,286 52,050 51,916 134

Georgia.................................................................................. 182 14,617 1,538 13,079 267 14,350 12,812 65,887 64,831 1,056

Idaho...................................................................................... 20 1,095 215 880 12 1,107 892 8,450 8,447 3

Illinois.................................................................................... 480 50,519 3,332 47,187 1,052 51,571 48,239 317,524 315,777 1,747

Indiana.................................................................................. 353 45,045 7,416 37,629 6,350 38,695 31,279 292,345 285,261 7,084

Iow a........................................................................................ 438 27,122 2,278 24,844 1,0 U2 28,164 25,886 237,893 237,505 388

Kansas................................................................................... 254 13,505 2,586 10,919 403 13,102 10,516 90,974 90,921 53

K entucky.............................................................................. 275 25,637 3,197 22,440 1,753 23,884 20,687 133,591 132,307 1,284

109 14,762 3,953 10,809 85 14,847 10,894 75,077 74,518 559

16 7,521 2,925 4,596 3,014 4,507 1,582 31,893 31,820 73

Maryland............................................................................... 109 19,246 3,525 15,721 477 18,769 15,244 98,765 96,819 1,946

Massachusetts...................................................................... 40 20,032 1,975 18,057 2,898 17,134 15,159 105,049 104,224 825

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Michigan............................................................................... 254 27,812 7,897 19,915 2,790 25,022 17,125 194,148 187,923 6,225

Minnesota............................................................................. 432 20,336 2,858 17,478 1,097 21,433 18,575 154,014 153,673 341

Mississippi............................................................................. 168 16,173 5,647 10,526 178 16,351 10,704 108,278 107,287 991

Missouri................................................................................. 487 29,271 3,447 25,824 3,001 26,270 22,823 208,677 205,558 3,119

M ontana................................................................................ 53 3,018 470 2,548 28 2,990 2,520 19,517 19,469 48

Nebraska............................................................................... 228 9,054 1,677 7,377 11+9 9,203 7,526 56,707 56,515 192

Nevada2............................................................................... 3

New Hampshire2................................................................. 3

New Jersey........................................................................... 97 63,736 14,646 49,090 24,056 39,680 25,034 331,278 322,474 8,804

New M exico......................................................................... 14 818 223 595 35 783 560 8,306 8,304 2

New Y ork ............................................................................. 183 132,140 23,073 109,067 21,082 111,058 87,985 608,233 587,860 20,373

North Carolina.................................................................... 180 22,390 3,602 18,788 1,573 23,963 20,361 148,262 143,119 5,143

North D akota..................................................... 120 4,498 1,274 3,224 1,504 2,994 1,720 17,722 17,670 52

O hio........................................................................................ 365 54,736 14,885 39,851 3,407 51,329 36,444 296,579 294,741 1,838

Oklahoma.............................................................................. 168 5,879 55 5,824 47 5,832 5,777 44,257 44,038 219

Oregon................................................................................... 43 3,688 932 2,756 208 3,896 2,964 29,126 28,929 197

Pennsylvania........................................................................ 295 154,121 15,010 139,111 10,717 143,404 128,394 563,441 550,330 13,111

Rhode Island2....................... ....................... 2

South Carolina.................................................................... 87 5,355 712 4,643 135 5,220 4,508 41,925 41,730 195

South D akota...................................................................... 119 4,883 880 4,003 1,005 3,878 2,998 22,570 22,508 62

Tennessee.............................................................................. 227 17,200 3,425 13,775 2,383 14,817 11,392 97,888 96,337 1,551

Texas...................................................................................... 292 23,439 6,035 17,404 2,142 21,297 15,262 107,576 107,285 291

Utah....................................................................................... 27 4,134 496 3,638 112 4,246 3,750 24,286 24,193 93

Verm ont................................................................................ 33 18,961 7,210 11,751 7,661 11,300 4,090 51,278 50,864 414

Virginia.................................................................................. 164 23,989 4,255 19,734 3,410 20,579 16,324 118,440 111,505 6,935

Washington........................................................................... 87 4,957 1,037 3,920 388 5,345 4,308 32,065 31,876 189

West Virginia....................................................................... 75 13,997 2,231 11,766 4,093 9,904 7,673 59,232 59,068 164

Wisconsin.............................................................................. 455 44,923 12,356 32,567 2,055 42,868 30,512 256,912 255,943 969

W yom ing............................................................................... 23 1,769 570 1,199 217 1,552 982 11,500 11,448 52

Possessions2.......................................................................... 2

*The number of banks examined during the year does not agree with the number of banks at the close of the year. 

2Figures are included in deposit groups and in total.

NOTE: Italics indicate net addition to capital account.

EXAMINERS’ ANALYSIS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Table 122. CAPITAL RATIOS OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E FED ERA L R ESER V E

S y s t e m , E x a m in a tio n s Oc to b e r 1,1933, to D e c e m b e r 31,1936

Appraised value of assets Total deposits Total capital account

11933 1934 1935 1936 *1933 1934 | 1935 1936 U933 1934 1935 1936

U nited States — tota l.

Banks w ith d e p o s its o f-

$100,000 and under...........

$100,000 to $250,000........

$250,000 to $500,000........

$500,000 to $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 $50,000,000. 

Over $50,000,0003...............

Alabama. 

Arizona... 

Arkansas. . 

California. 

C olorado..

S tate

Connecticut...................

Delaware........................

District of Columbia4.

Florida............................

Georgia...........................

Idaho. . . 

Illinois. . 

Indiana. 

Iow a. .. 

Kansas.

Ratio of sound capital to—

9.6

22.8

14.0 

10.4

8.4

7.9

9.3

10.0

2.6

18.4

(3)

14.5 

5.5 

4.7

9.3

12.3

16.9

18.1

12.6

14.8 

5.7

10.9 

11.3

13.5

25.2

18.2

15.1

13.4

13.1 

12.7

13.0

6.2

21.5

(s)

18.8

9.7

11.4

12.7

16.8

15.9

20.8

12.4

16.0

11.6

12.1

12.6

14.0

24.7

17.7

15.1

13.7 

13.9

13.1

13.5

10.2

19.6 

10.8 

17.2

12.7 

10.9

12.6

16.4

15.5

19.0

11.9

15.3

11.5

11.0 

12.7

14.4

23.8

17.3

14.5

14.1

14.0

14.1

14.2 

14.1

12.6

18.8

10.6

15.4 

14.0 

10.3

12.8

18.5

14.4

17.9

11.6

14.0

11.7

10.6

12.6

11.2

31.8

17.2

12.2

9.8

9.2

10.6

11.5

2.6

23.9

(3)

18.2

5.9

5.1

10.7

14.3

(Ratios in percent) 

15.8

21.0

24.0

14.7

18.1 

6.5

12.7

12.8

34.5

22.5

17.9

15.9 

15.4 

14.8

15.1

6.6

28.1

(3)

23.5

10.7

12.8

14.8

19.8

19.0

28.0

14.0

19.0

13.3 

13.7

14.4

16.6 17.1 45.1 67.2 76.5 90.9

33.5 31.6 69.0 80.6 83.8 85.8

21.9 21.2 60.1 81.1 87.5 92.7

17.9 17.1 52.1 77.3 86.4 95.2

16.0 16.6 40.7 68.9 82.8 94.5

16.4 16.6 37.7 67.3 77.2 90.6

15.4 16.6 42.3 62.7 71.8 89.3

16.1 J 17.3 

1 16.9 I 44.0 61.5 69.4 J 87.5 

1 86.2

11.5 14.6 19.6 43.9 66.2 97.1

25.3 23.5 61.2 84.9 90.6 99.3

12.1 11.9 (3) (3) 108.0 112.4

20.9 18.4 59.7 83.0 85.3 89.2

14.7 16.5 45.8 80.7 92.6 107.7

12.2 11.5 22.6 72.4 78.7 88.4

14.6 15.7 50.7 69.9 77.2 89.1

19.8 23.2 60.8 77.9 87.4 100.3

24.9 22.1 68.2 86.5 90.5 98.2

13.6 13.1 62.0 85.2 92.5 101.1

18.2 16.3 56.5 88.1 95.9 102.1

13.5 13.6 29.2 64.8 75.5 85.9

12.4 11.9 69.4 88.8 95.1 103.8

14.6 14.4 60.9 79.2 90.7 97.0

150 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky...........

Louisiana...........

Maine.................

Maryland..........

Massachusetts..

Michigan...........

Minnesota.........

Mississippi

Missouri.............

M ontana...........

Nebraska...............

Nevada4.................

New Hampshire4 .

New Jersey...........

New M exico.........

13.1

11.2 

1.2

12.1

7.6

1.4

9.5 

8.1

10.3

12.2

11.6

16.2

19.1 

3.2

14.9 

11.6

9.8

11.9 

14.7

13.2

15.1

14.2

15.0

18.0

10.5

14.7

12.5

9.9

11.9

14.2

11.8

14.7

13.8

15.2 16.2

16.5 14.0

12.4 1.3

16.0 14.4

14.0 8.7

11.4 1.5

12.2 10.5

13.1 9.4

11.2 11.6

13.3 14.1

14.0 13.2

10.7 6.0

8.6 .9

15.4 9.9

13.9 13.9

14.5 7.7

14.8 8.3

11.6 10.8

11.8 7.7

20.3 22.1

11.1 8.4

14.7 12.1

13.1 16.5

16.5 16.6

14.9 9.3

18.1 13.6

14.8 17.7

14.3 17.0

14.3 11.5

14.3 6.1

11.9 8.8

19.6

24.2 

3.3

17.8

13.2

11.0

13.4

17.7

15.4

17.8

16.4

17.8 18.1 57.4 80.7 83.8 93.2

22.2 19.9 48.2 79.1 89.5 100.6

11.7 14.2 7.6 21.8 45.1 59.9

17.6 19.4 56.0 70.4 78.7 97.5

14.5 16.4 41.4 62.2 70.6 85.5

11.5 13.3 7.9 58.3 67.7 90.0

13.6 13.9 66.1 87.8 96.0 105.4

16.9 15.2 51.2 83.7 92.9 101.1

13.6 12.8 51.6 81.8 85.1 89.7

17.2 15.4 51.5 81.0 89.0 99.1

16.1 16.3 53.2 89.0 95.6 101.6

8.8 12.3 19.0 22.3 35.9 62.3

9.7 9.4 5.8 75.8 87.3 95.7

18.2 18.9 37.6 61.5 68.4 84.0

19.2 16.7 64.5 88.9 99.4 107.0

15.9 16.9 27.6 37.9 53.5 66.6

17.7 17.4 41.4 74.3 80.7 93.8

13.3 13.2 62.8 85.3 94.5 99.2

12.3 13.5 45.9 92.9 93.0 105.6

24.1 26.1 55.7 64.5 72.7 93.0

12.2 12.5 50.6 88.0 91.4 97.5

18.6 17.2 46.1 57.0 75.2 79.4

13.4 15.4 66.4 66.2 70.8 86.1

22.8 19.9 68.5 80.2 83.6 90.9

17.2 17.6 38.7 75.7 96.3 102.7

18.6 22.2 104.1 35.8 46.3 59.6

19.8 18.5 61.3 76.1 80.8 85.8

18.2 16.8 66.3 88.1 95.7 107.8

16.2 16.8 40.6 56.0 63.5 70.8

15.1 16.7 31.5 60.1 76.9 95.4

12.8 13.6 41.2 68.1 79.2 87.7

New Y ork .........

North Carolina. 

North Dakota. .

O hio....................

Oklahoma..........

Oregon................

Pennsylvania.. . 

Rhode Island4 .. 

South Carolina. 

South Dakota. .

Tennessee. 

Texas. . . .

U tah........

V erm ont.. 

Virginia. . .

Washington. .. 

West Virginia.

Wisconsin........

W yom ing.........

5.4

.9

8.7 

11.6

6.7 

7.3

9.7

7.0

17.0

5.1

9.2

14.8

14.8

10.9

15.2 

11.6

13.2 

18.0

7.9

14.9

15.6

13.6

14.9

11.7

11.0

18.8

5.7

10.2

17.7

17.9

12.3

18.0

13.2

15.1

23.2

7.5

10.2

13.0

14.1

8.3 

13.6 

13.9

14.0

9.3

5.4 

7.9

9.9

12.9

12.6

18.8

13.9

10.4

16.7

17.1

13.5

11.8

12.1

10.8

15.7

11.7

18.4

14.5

15.5

15.7

15.3

13.8 

13.0

11.3

11.0

15.0

14.7

23.4

16.3

12.0 

20.6

20.3 

15.9

13.6

13.7

Examination for admission to insurance in 1933 and 1934.

3For 1933 and 1936, deposits as of date of examination. For 1934 and 1935, deposits as of December 31.

3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000 000.

4Figures are included in deposit groups and in total.

EXAMINERS’ ANALYSIS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Table 123. EXAM INERS’ ANALYSIS OF ASSETS OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E

F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a tio n in 1936

Total assets Loans, discounts, and overdrafts

Number

of

banks1

Assets not Appraised

value

Book Estimated loss and doubtful Appraised value

value loss and 

doubtful

shown on 

books2

Value

Total Loss Doubtful Total Slow Not

criticized

U nited States and posses7,555 6,936,701 186,792 88,593 6,838,502

(In thous; 

2,506,889

ands of dolla 

110,484

irs)

89,002 21,482 2,396,405 527,345 1,869,060

Banks w ith deposits as of 

date o f exam in ation o f—

$100,000 and under............... 765 73,658 3,184 388 70,862 34,704 2,222 1,474 748 32,482 7,745 24,737

$100,000 to $250,000............. 2,369 502,503

840,260

11,249 4,433 495,687 203,958 7,244 4,731 2,513 196,714 40,244 156,470

248,430 $250,000 to $500,000............. 1,992 15,468 9,334 834,126 317,689 9,783 6,829 2,954 307,906 59,476

$500,000 to $1,000,000.........

$1,000,000 to $2,000,000___

$2,000,000 to $5,000,000___

1,257

709

340

1,042,871

1,176,760

1,212,260

20,843

31,360

35,749

12,435

14,504

15,610

1,034,463

1,159,904

1,192,121

381,747

422,318

432,754

12,792

18,249

22,456

9,553

14,735

18,673

3,239

3,514

3,783

368,955

404,069

410,298

78,063

89,680

98,697

290,892

314,389

311,601

$5,000,000 to $10,000,000. . . 

$10,000,000 to $50,000,000. . 

Over $50,000,000....................

75

44

4

635,951

1,031,441

420,997

21,527

37,114

10,298

8,854

14,301

8,734

623,278

1,008,628

419,433

239,607

319,136

154,976

11,702

20,141

5,895

10,306

17,079

5,622

1,396

3,062

273

227,905

298,995

149,081

48,853

75,132

29,455

179,052

223,863

119,626

S tate

Alabama.................................... 120 45,242 372 316 45,186 17,282 214 154 60 17,068 2,966 14,102

Arizona ..................... 5 17,151 87 289 17,353 4,217 38 32 6 4,179 719 3,460

Arkansas................................... 154 52,322 1,289 334 51,367 16,300 1,035 695 340 15,265 3,632 11,633

California.................................. 95 458,325 5,144 9,778 462,959 178,821 3,776 3,255 521 175,045 33,667 141,378

Colorado................................... 55 26,733 758 403 26,378 9,569 574 343 231 8,995 1,713 7,282

Connecticut ..................... 37 123,851 3,341 1,424 121,934 49,532 2,642 2,320 322 46,890 17,364 29,526

Delaware.................................. 24 51,205 802 829 51,232 18,269 537 225 312 17,732 3,847 13,885

10

Florida...................................... 93 60,620 530 748 60,838 14,498 260 141 119 14,238 2,126 12,112

Georgia...................................... 182 80,504 1,105 838 80,237 31,177 538 348 190 30,639 6,984 23,655

Idaho......................................... 20 9,545 92 104 9,557 2,729 76 47 29 2,653 289 2,364

Illinois....................................... 480 368,043 4,793 5,845 369,095 105,091 3,076 2,526 550 102,015 24,947 77,068

Indiana...................................... 353 337,390 9,417 3,067 331,040 110,041 5,058 4,335 723 104,983 26,172 78,811

438 265,015 1,099 2,141 266,057 103,535 751 380 371 102,784 16,488

3,663

86,296

Kansas...................................... 254 104,479 1,451 1,048 104,076 37,721 845 376 469 36,876 33,213

152 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
K entucky..........

Louisiana...........

Maine.................

Maryland..........

Massachusetts..

M ichigan...........

Minnesota.........

Mississippi.........

Missouri.............

M ontana............

Nebraska...........

Nevada3.............

New Hampshire1 

New Jersey. . . . 

New M exico. . .

New Y ork .........

North Carolina. 

North Dakota. .

O hio....................

Oklahoma..........

Oregon...............

Pennsylvania.. . 

Rhode Island3.. 

South Carolina. 

South D akota. .

Tennessee..........

Texas..................

U tah...................

Verm ont.............

Virginia..............

Washington. . . . 

West Virginia. .

Wisconsin..........

W yom ing...........

Possessions3. . . .

275

109

16

109

40

254

432

168

487

53

228

3

3

97

14

183

180

120

365

168

43

295

2

87

119

227

292

27

33

164

87

75

455

23

159,228

89,839

39,414

118,011

125,081

221,960

174,350

124,451

237,948

22,535

65,761

395,014

9,124

740,373

170,652

22,220

351,315

50,136

32,814

717,562

47,280

27,453

115,088

131,015

28,420

70,239

142,429

37,022

73,229

301,835

13,269

3,633

829

3,236

3,176

4,036

4,031

1,663

966

5,138

262

474

28,492

109

32,897

1,617

1,675

7,531

436

265

23,499

554

1,185

3,156

2,721

333

8,101

4,244

250

4,404

5,967

299

1,880

914

222

2,699

1,138

1,241

2,760

1,144

2,137

234

623

4,436

74

11,815

3,190

171

4,124

389

473

12,782

419

180

773

579

445

440

834

638

311

3,912

82

157,475

89,924

36,400

117,534

122,183

219,170

175,447

124,629

234,947

22,507

65,910

370,958

9,089

719,291

172,225

20,716

347,908

50,089

33,022

706,845

47,145

26,448

112,705

128,873

28,532

62,578

139,019

37,410

69,136

299,780

13,052

70,119

28,341

18,783

46,772

53,563

67,519

60,998

36,892

92,960

6,492

23,868

132,265

2,921

290,689

50,266

8,622

136,836

14,397

10.413

244,245

11,436

10,803

50,430

45,977

11,033

33,678

73,378

12,917

30,069

92,721

5,533

2,194

432

2,201

2,109

1,791

1,436

1,151

675

3,822

193

265

16,351

83

20,475

1,132

1,240

4,908

246

167

10,532

268

923

1,741

1,816

155

4,122

2,910

151

2,661

3,863

231

1,634

313

1,849

1,493

1,204

946

463

612

2,481

82

138

15,191

47

17,579

790

798

4,372

112

82

9,419

209

681

1,123

1,250

135

3,545

2,026

35

2,083

2,636

106

560

119

352

616

587

490

688

63

1,341

111

127

1,160

36

342

442

536

134

59

242

618

566

20

577 

884

116

578 

1,227

125

67,925

27,909

16,582

44,663

51,772

66,083

59,847

36,217

89,138

6,299

23,603

115,914

2,838

270,214

49,134

7,382

131,928

14,151

10,246

233,713

11,168

48,689

44,161

10,878

29,556

70,468

12,766

27,408

88,858

5,302

15,314 

. 7,065 

6,141 

11,524 

9,059

7,107

7,322

8,610

17,402

875

2,783

31,373

474

53,878

7,301

2,348

32,985

1,375

2,369

59,038

820

1,891

12,989

9,547

1,052

16,225

16,083

1,629

7,814

23,615

1,895

52,611

20,844

10,441

33,139

42,713

58,976

52,525

27,607

71,736

5,424

20,820

84,541

2,364

216,336

41,833

5,034

98,943

12,776

7,877

174,675

10,348

7,989

35,700

34,614

9,826

13,331

54,385

11,137

19,594

65,243

3,407

*The number of banks examined during the year does not agree with the number of banks at the close of the year. 

2 Assets not shown on books” are not allocated to types of assets.

3Figures are included in deposit groups and in total.

OT

00EXAMINERS* ANALYSIS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 123. EXAMINERS* ANALYSIS OF A SSETS OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E

F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a tio n in 1936— Continued

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

cn

Securities Other assets

Book

value

Estimated 

loss and 

doubtful

Appraised

value

Book

value

Estimated loss and doubtful Appraised value

Total Loss Doubtful Total Slow Not

criticized

United States and possessions— total.......................

Banks with deposits as of

date of examination of—

$100,000 and under.........

$100,000 to $250,000____

$250,000 to $500,000____

$500,000 to $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 $50,000,000. 

Over $50,000,000..................

Alabama. 

Arizona... 

Arkansas. . 

California. 

C olorado..

State

Connecticut...................

Delaware........................

District of Columbia3.

Florida............................

Georgia...........................

Id a h o ... 

Illinois. . 

Indiana. 

Iow a. .. 

Kansas.

Number

of

banks1

7,555

765

2,369

1,992

1,257

709

340

75

44

4

120

5

154

95

55

37

24

10

93

182

20

480

353

438

254

2,423,244

11,534

124,273

255,107

348,512

409,611

453,282

216,938

411,514

192,473

8,687

4,863

11,070

210,810

6,531

36,453

22,672

22,464

15,226

3,394

140,361

111,731

78,503

28,350

(In thousands of dollars)

19,529

119

955

1,678

2,842

4,482

5,366

2,644

1,443

112

42

1

107

1,179

45

115

2,403,715

11,415

123,318

253,429

345,670

405,129

447,916

214,294

410,071

192,473

8,643

4,863

10,996

210,659

6,473

36,392

22,620

22,352

15,184

3,393

140,254

110,552

78,458

28,235

2,006,568

27,420

174,272

267,464

312,612

344,831

326,224

179,406

300,791

73,548

19,273

8,071

24,952

68,694

10,633

37,866

10,264

23,658

34,101

3,422

122,591

115,618

82,977

38,408

56,779

843

3,050

4,007

5,209

8,629

7,927

7,181

15,530

4,403

114

49

180

1,217

126

638

213

158

525

15

1,610

3,180

303

491

53,630 3,149 1,949,789 262,667 ,687,122

717 126 26,577 2,363 24,214

2,667 383 171,222 12,226 158,996

3,682 325 263,457 19,676 243,781

4,939 270 307,403 30,716 276,687

8,328 301 336,202 40,797 295,405

7,668 259 318,297 51,403 266,894

6,493 688 172,225 36,022 136,203

14,885 645 285,261 58,384 226,877

4,251 152 69,145 11,080 58,065

96 18 19,159 1,128 18,031

49 8,022 608 7,414

169 11 24,772 950 23,822

1,183 34 67,477 13,262 54,215

92 34 10,507 352 10,155

577 61 37,228 5,795 31,433

211 2 10,051 945 9,106

147 11 23,500 1,276 22,224

525 33,576 3,847 29,729

15 3,407 92 3,315

1,592 18 120,981 9,205 111,776

3,093 87 112,438 13,409 99,029

249 54 82,674 1,682 80,992

288 203 37,917 1,405 36,512

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky.................................. 275 46,892 216 46,676 42,217 1,223 1,007 216 40,994 2,648 38,346

Louisiana.................................. 109 22,449 39 22,410 39,049 358 354 4 38,691 2,735 35,956

M aine........................................ 16 11,686 592 11,094 8,945 443 431 12 8,502 1,225 7,277

M aryland.................................. 109 47,125 357 46,768 24,114 710 696 14 23,404 3,069 20,335

Massachusetts......................... 40 45,508 1,266 44,242 26,010 979 869 110 25,031 5,030 20,001

M ichigan................................... 254 95,262 1,033 94,229 59,179 1,562 1,438 124 57,617 7,460 50,157

Minnesota................................. 432 68,983 107 68,876 44,369 405 243 162 43,964 3,404 40,560

Mississippi................................ 168 38,067 64 38,003 49,492 227 209 18 49,265 1,885 47,380

Missouri.................................... 487 65,439 69 65,370 79,549 1,247 1,151 96 78,302 3,478 74,824

M ontana................................... 53 7,733 17 7,716 8,310 52 39 13 8,258 422 7,836

Nebraska.................................. 228 15,836 45 15,791 26,057 164 112 52 25,893 414 25,479

Nevada3 .................................... 3

New Hampshire3 .................... 3

New Jersey............................... 97 145,744 2,437 143,307 117,005 9,704 9,555 149 107,301 23,392 83,909

New Meccico............................. 14 2,390 2,390 3,813 26 26 3,787 84 3,703

New Y ork ................................. 183 271,060 2,963 268,097 178,624 9,459 9,443 16 169,165 26,483 142,682

North Carolina....................... 180 61,195 46 61,149 59,191 439 406 33 58,752 2,532 56,220

North Dakota.......................... 120 5,883 73 5,810 7,715 362 278 84 7,353 1,009 6,344

Ohio........................................... 365 126,830 542 126,288 87,649 2,081 2,010 71 55,568 15,734 69,834

Oklahoma................................. 168 13,712 77 13,635 22,027 113 41 72 21,914 183 21,731

Oregon....................................... 43 11,092 35 11,057 11,309 63 54 9 11,246 1,185 10,061

Pennsylvania............................ 295 286,211 3,157 283,054 187,106 9,810 9,225 585 177,296 69,742 107,554

Rhode Island3 ......................... 2

South Carolina........................ 87 14,340 37 14,303 21,504 249 208 41 21,255 1,172 20,083

South D akota.......................... 119 7,110 33 7,077 9,540 229 190 39 9,311 757 8,554

Tennessee.................................. 227 25,140 108 25,032 39,518 1,307 1,122 185 38,211 4,595 33,616

Texas......................................... 292 32,877 128 32,749 52,161 777 729 48 51,384 3,107 48,277

U tah........................................... 27 9,311 55 9,256 8,076 123 122 1 7,953 439 7,514

Vermont.................................... 33 23,445 2,114 21,331 13,116 1,865 1,781 84 11,251 4,249 7,002

Virginia..................................... 164 28,953 385 28,568 40,098 949 890 59 39,149 6,325 32,824

Washington.............................. 87 12,204 19 12,185 11,901 80 70 10 11,821 451 11,370

West Virginia.......................... 75 18,906 502 18,404 24,254 1,241 1,234 7 23,013 2,783 20,230

W isconsin.................................. 455 135,879 783 135,096 73,235 1,321 1,235 86 71,914 10,149 61,765

W yom ing.................................. 23 2,481 18 2,463 5,255 50 48 2 5,205 132 5,073

Possessions3.............................. 2

xThe number of banks examined during the year does not agree with the number of banks at the close of the year. 

3“ Assets not shown on books" are not allocated to types of assets.

8Figures are included in deposit groups and in total.

Cr<

cnEXAMINERS’ ANALYSIS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 124. EXAM INERS' ANALYSIS OF ASSETS, RATIOS, OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS C*

o f t h e F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a tio n in 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Total assets Loans, discounts, and overdrafts

Number

of Book Estimated Assets not Appraised Book Estimated loss and doubtful Appraised value

banks1 value loss and 

doubtful

shown on 

books2

value value

Total Loss Doubtful Total Slow Not

criticized

U nited S tates and posses­

(Ratios to book value, in percent)

sions— to ta l............................

B anks w ith deposits as of 

date o f exam in ation o f—

7,555 100.0 2.7 1.3 98.6 100.0 4.4 3.6 .8 95.6 21.0 74.6

$100,000 and under............... 765 100.0 4.3 .5 96.2 100.0 6.4 4.2 2.2 93.6 22.3 71.3

$100,000 to $250,000............. 2,369 100.0 2.2 .9 98.7 100.0 3.5 2.3 1.2 96.5 19.8 76.7

$250,000 to $500,000............. 1,992 100.0 1.8 1.1 99.3 100.0 3.1 2.2 .9 96.9 18.7 78.2

$500,000 to $1,000,000......... 1,257 100.0 2.0 1.2 99.2 100.0 3.4 2.5 .9 96.6 20.4 76.2

$1,000,000 to $2,000,000... . 709 100.0 2.6 1.2 98.6 100.0 4.3 3.5 .8 95.7 21.3 74.4

$2,000,000 to $5,000,000___ 340 100.0 3.0 1.3 98.3 100.0 5.2 4.3 .9 94.8 22.8 72.0

$5,000,000 to $10,000,000. . . 75 100.0 3.4 1.4 98.0 100.0 4.9 4.3 .6 95.1 20.4 74.7

$10,000,000 to $50,000,000. . 44 100.0 3.6 1.4 97.8 100.0 6.3 5.4 .9 93.7 23.5 70.2

Over $50,000,0003 ................. 4 100.0 2.5 2.1 99.6 100.0 3.8 3.6 .2 96.2 19.0 77.2

S tate

Alabama.................................... 120 100.0 .8 .7 99.9 100.0 1.2 .9 .3 98.8 17.2 81.6

Arizona...................................... 5 100.0 .5 1.7 101.2 100.0 .9 .8 .1 99.1 17.1 82.0

Arkansas................................... 154 100.0 2.4 .6 98.2 100.0 6.3 4.2 2.1 93.7 22.3 71.4

California.................................. 95 100.0 1.1 2.1 101.0 100.0 2.1 1.8 .3 97.9 18.8 79.1

Colorado.................................... 55 100.0 2.8 1.5 98.7 100.0 6.0 3.6 2.4 94.0 17.9 76.1

Connecticut.............................. 37 100.0 2.7 1.1 98.4 100.0 5.3 4.7 .6 94.7 35.1 59.6

Delaware..................................

District of Columbia4 ........

24

10

100.0 1.6 1.7 100.1 100.0 2.9 1.2 1.7 97.1 21.1 76.0

Florida...................................... 93 100.0 .9 1.2 100.3 100.0 1.8 1.0 .8 98.2 14.7 83.5

Georgia...................................... 182 100.0 1.4 1.1 99.7 100.0 1.7 1.1 .6 98.3 22.4 75.9

Idaho......................................... 20 100.0 1.0 1.1 100.1 100.0 2.8 1.7 1.1 97.2 10.6 86.6

Illinois....................................... 480 100.0 1.3 1.6 100.3 100.0 2.9 2.4 .5 97.1 23.7 73.4

Indiana...................................... 353 100.0 2.8 .9 98.1 100.0 4.6 3.9 .7 95.4 23.8 71.6

Iow a........................................... 438 100.0 .4 .8 100.4 100.0 .7 .4 .3 99.3 15.9 83.4

Kansas...................................... 254 100.0 1.4 1.0 99.6 100.0 2.2 1.0 1.2 97.8 9.7 88.1

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky.................................. 275 100.0 2.3 1.2 98.9 100.0 3.1 2.3 .8 96.9 21.9 75.0

Louisiana.................................. 109 100.0 .9 1.0 100.1 100.0 1.5 1.1 .4 98.5 24.9 73.6

Maine........................................ 16 100.0 8.2 .6 92.4 100.0 11.7 9.8 1.9 88.3 32.7 55.6

Maryland.................................. 109 100.0 2.7 2.3 99.6 100.0 4.5 3.2 1.3 95.5 24.6 70.9

Massachusetts......................... 40 100.0 3.2 .9 97.7 100.0 3.3 2.2 1.1 96.7 16.9 79.8

Michigan................................... 254 100.0 1.8 .6 98.8 100.0 2.1 1.4 .7 97.9 10.5 87.4

Minnesota................................ 432 100.0 1.0 1.6 100.6 100.0 1.9 .8 1.1 98.1 12.0 86.1

Mississippi................................ 168 100.0 .8 .9 100.1 100.0 1.8 1.6 .2 98.2 23.3 74.9

Missouri.................................... 487 100.0 2.1 .9 98.8 100.0 4.1 2.7 1.4 95.9 18.7 77.2

Montana................................... 53 100.0 1.1 1.0 99.9 100.0 3.0 1.3 1.7 97.0 13.5 83.5

Nebraska.................................. 228 100.0 .7 .9 100.2 100.0 1.1 .6 .5 98.9 11.7 87.2

Nevada4 .................................... 3

New Hampshire4 ................... 3

New Jersey.............................. 97 100.0 7.2 1.1 93.9 100.0 12.4 11.5 .9 87.6 23.7 63.9

New M exico............................. 14 100.0 1.2 .8 99.6 100.0 2.8 1.6 1.2 97.2 16.2 81.0

New Y ork ................................. 183 100.0 4.4 1.6 97.2 100.0 7.0 6.0 1.0 93.0 18.6 74.4

North Carolina....................... 180 100.0 1.0 1.9 100.9 100.0 2.3 1.6 .7 97.7 14.5 83.2

North D akota......................... 120 100.0 7.5 .8 93.3 100.0 14.4 9.3 5.1 85.6 27.2 58.4

O hio........................................... 365 100.0 2.2 1.2 99.0 100.0 3.6 3.2 .4 96.4 24.1 72.3

Oklahoma................................. 168 100.0 .9 .8 99.9 100.0 1.7 .8 .9 98.3 9.6 88.7

Oregon....................................... 43 100.0 .8 1.4 100.6 100.0 1.6 .8 .8 98.4 22.8 75.6

Pennsylvania........................... 295 100.0 3.3 1.8 98.5 100.0 4.3 3.9 .4 95.7 24.2 71.5

Rhode Island4......................... 2

South Carolina........................ 87 100.0 1.2 .9 99.7 100.0 2.3 1.8 .5 97.7 7.2 90.5

South D akota.......................... 119 100.0 4.3 .6 96.3 100.0 8.5 6.3 2.2 91.5 17.5 74.0

Tennessee.................................. 227 100.0 2.8 .7 97.9 100.0 3.4 2.2 1.2 96.6 25.8 70.8

292 100.0 2.1 .5 98.4 100.0 3.9 2.7 1.2 96.1 20.8 75.3

U tah........................................... 27 100.0 1.2 1.6 100.4 100.0 1.4 1.2 .2 98.6 9.5 89.1

Vermont.................................... 33 100.0 11.5 .6 89.1 100.0 12.2 10.5 1.7 87.8 48.2 39.6

Virginia..................................... 164 100.0 3.0 .6 97.6 100.0 4.0 2.8 1.2 96.0 21.9 74.1

Washington.............................. 87 100.0 .7 1.7 101.0 100.0 1.2 .3 .9 98.8 12.6 86.2

West Virginia.......................... 75 100.0 6.0 .4 94.4 100.0 8.8 6.9 1.9 91.2 26.0 65.2

Wisconsin.................................. 455 100.0 2.0 1.3 99.3 100.0 4.2 2.9 1.3 95.8 25.5 70.3

W yom ing.................................. 23 100.0 2.2 .6 98.4 100.0 4.2 1.9 2.3 95.8 34.2 61.6

2

*The number of banks examined during the year does not agree with the number of banks at the close of the year.

2“ Assets not shown on books” are not allocated to types of assets.

3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.

4Figures are included in deposit groups and in total.

EXAMINERS’ ANALYSIS OF INSURED BANKS 157

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Table 124. EXAM INERS’ ANALYSIS OF ASSETS, RATIOS, OF OPERATING INSURED COMMERCIAL BANKS NOT M EM BERS OF

F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a tio n in 1936— Continued

Securities Other assets

Number

of

banks1

Book

value

Estimated 

loss and 

doubtful

Appraised

value

Book Estimated loss and doubtful Appraised value

value

Total Loss Doubtful Total Slow Not

criticized

(Ratios to book value, in percent)

U nited States and possessions— to ta l............................ 7,555

765

100.0 .8 99.2 100.0 2.8 2.7 .1 97.2 13.1 84.1

Banks w ith deposits as o f 

date o f exam in ation o f—

$100,000 and under............... 100.0 1.0 99.0 100.0 3.1 2.6 .5 96.9

98.3

8.6

7.0

7.4

88.3

91.3 

91.1 $100,000 to $250,000............. 2,369

1,992

1,257

709

340

100.0 .8 99.2 100.0 1.7 1.5 .2

$250,000 to $500,000............. 100.0 .7 99.3 100.0 1.5 1.4 .1 98.5

$500,000 to $1,000,000 100.0 .8 99.2 100.0 1.7 1.6 .1 98.3 9.8

11.8

15.8

88.5

85.7

81.8 $1,000,000 to $2,000,000.... 

$2,000,000 to $5,000,000___

100.0

100.0

1.1

1.2

98.9

98.8

100.0

100.0

2.5

2.4

2.4

2.3

.1

.1

97.5

97.6

$5,000,000 to $10,000,000. .. 

$10,000,000 to $50,000,000. . 

Over $50 000 000s

75

44

4

100.0

100.0

100.0

1.2

.4

98.8

99.6

100.0

100.0

100.0

100.0

4.0 

5.2

6.0

3.6

5.0

5.8

.4

.2

.2

96.0 

94.8

94.0

20.1

19.4

15.1

75.9 

75.4

78.9

S tate

Alabama.................................... 120 100.0 .5 99.5 100.0 .6 .5 .1 99.4

99.4

5.8

7.5

93.6

91.9 A ri7nn o 5 100.0

100.0

100.0 100.0 .6 .6

A 1*lr£) Y1QS1Q 154 .7 99.3 100.0 .7 .7 99.3 3.8 95.5

California.................................. 95 100.0 .1 99.9 100.0 1.8 1.7 .1 98.2 19.3

3.3

78.9

95.5 Colorado.................................... 55 100.0 .9 99.1 100.0 1.2 .9 .3 98.8

Connecticut.............................. 37 100.0 .2 99.8 100.0 1.7 1.5 .2 98.3 15.3

9.2

83.0

88.7 Delaware.................................. 24

10

93

100.0 .2 99.8 100.0 2.1 2.1 97.9

District of Columbia4...........

Florida....................................... 100.0 .5 99.5 100.0 .7 .6 .1 99.3

11.3 87.2 rj-onronu 182 100.0 .3 99.7 100.0 1.5 1.5 98.5

20

480

100.0 100.0 100.0 .4 .4 99.6 2.7 96.9

Illinois 100.0 .1 99.9 100.0 1.3 1.3 98.7 7.5 91.2

Indiana...................................... 353 100.0 1.1 98.9 100.0 2.8 2.7 .1 97.2

99.6

11.6

2.0

3.6

85.6

97.6 

95.1 Iow a........................................... 438 100.0 .1 99.9 100.0 .4 .3 .1

Kansas....................................... 254 100.0 .4 99.6 100.0 1.3 .8 .5 98.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky.............

Louisiana.............

Maine...................

Maryland............

Massachusetts...

Michigan.............

Minnesota...........

Mississippi...........

Missouri...............

Montana..............

Nebraska.............

Nevada4...............

New Hampshire4

New Jersey.........

New M exico. . . .

New Y ork ...........

North Carolina.. 

North Dakota. ..

O hio. . . ...............

Oklahoma............

Oregon.................

Pennsylvania 

Rhode Island4.. . 

South Carolina. . 

South D akota. ..

Tennessee............

Texas....................

U tah.....................

Vermont...............

Virginia................

Washington.........

West Virginia. . .

Wisconsin............

W yom ing.............

Possessions4........

275

109

16

109

40

254

432

168

487

53

228

3

3

97

14

183

180

120

365

168

43

295

2

87

119

227

292

27

33

164

87

75

455

23

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

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

100.0

.5

.2

5.1 

.8

2.8

1.1

.2

.2

.1

.2

1.7

1.1

.1

1.2

.4

.6

1.1

.3

.5

.4

.4

.6

9.0

1.3

.2

2.7

.6

.7

99.5

99.8

94.9

99.2

97.2

98.9

99.8

99.8

99.9 

99.8

99.7

100.0

98.9

99.9 

98.8 

99.6 

99.4

98.9

99.7

99.5

99.6 

99.4 

91.0

98.7

97.3

99.4 

99.3

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

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

100.0

2.9 

.9

5.0

2.9 

3.8

2.6

.9

.5

1.6

2.4 

.9

4.9

2.9

3.4

2.4 

.5 

.5

1.5 

.5

97.1

99.1

95.0

97.1

96.2

97.4 

99.1

99.5

98.4

99.4

99.4

8.3 

.7

5.3 

.7

4.7

2.4 

.5

.6

5.2

1.2

2.4

3.3

1.5

1.5 

14.2

2.4

.7

5.1

1.8

1.0

8.2

.7

5.3 

.7

3.6

2.3 

.2

.5

4.9

“ 1.6' 

2.0

2.8

1.4

1.5 

13.6

2.2

.6

5.1

1.7

91.7

99.3

94.7

99.3

95.3 

97.6 

99.5

99.4

94.8

97.6

96.7

98.5

98.5

85.8

97.6

99.3

94.9 

98.2 

99.0

6.3

7.0

13.7

12.7 

19.3

12.6

7.7

3.8

4.4

5.1

1.6

20.0

2.2

14.8 

4.3

13.1

17.9

10.5

37.3

' ' 5.4*

7.9

11.6

5.9

5.4

32.4

15.8

3.8

11.5

13.9

2.5

90.8 

92.1

81.3

84.4

76.9

84.8

91.4

95.7 

94.0 

94.3

97.8

71.7

97.1

79.9

95.0

82.2

79.7

98.7

88.9

57.5

’ 93.4'

89.7

85.1

92.6

93.1

53.4

81.8

95.5

83.4 

84.3

96.5

!The number of banks examined during the year does not agree with the number of banks at the close of the year.

3“ Assets not shown on books” are not allocated to types of assets.

3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.

4Figures are included in deposit groups and in total.

enEXAMINERS’ ANALYSIS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES

Table 125. SUMMARY OP EXAMINERS’ ANALYSIS OF ASSETS OF OPERATING INSURED COMMERCIAL BANKS NOT

M e m bers of th e F e d e r a l R e se r v e Syste m , E xam inatio ns Octo ber 1,1933, to D ece m b er 31,1936

Ratio of estimated loss and doubtful to book value of—

Ratio of slow loans to 

Total assets Loans Securities Other assets book value of loans

x1933 1934 1935 1936 1934 1935 1936 1934 1935 1936 1934 1935 1936 1934 1935 1936

(Ratios in percent)

U nited States— to ta l.

Banks w ith deposits o f—

$100,000 and under...............

$100,000 to $250,000.............

$250,000 to $500,000.............

$500,000 to $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 $50,000,000. 

Over $50,000,0003 ...............

Alabama. 

Arizona... 

A rkansas.. 

California. 

Colorado..

S tate

Connecticut...................

Delaware........................

District of Columbia4.

Florida............................

Georgia...........................

Id a h o .. 

Illinois. . 

Indiana. 

Iow a. . . 

Kansas.

10.5 6.7 4.7 2.7 8.0 6.5 4.4 7.5 4.0 .8 3.6 3.1

9.3 6.2 5.1 4.3 8.4 7.1 6.4 6.1 3.0 1.0 3.2 3.4

8.5 4.7 3.2 2.2 6.1 4.6 3.5 5.4 2.4 .8 2.4 1.8

8.7 5.2 3.0 1.8 6.5 4.3 3.1 6.2 2.6 .7 2.6 1.8

10.9 5.9 3.4 2.0 6.4 4.5 3.4 7.9 3.5 .8 2.9 2.0

11.5 6.5 4.6 2.6 7.6 6.1 4.3 8.2 4.4 1.1 2.9 2.8

11.2 7.6 5.4 3.0 8.9 7.8 5.2 8.7 4.9 1.2 3.6 2.8

11.2 7.9 6.2 1 3.4 

) 3.6 J- 9.9 8.5 I 4.9 1 6.3 } 7.5 4.8 } 5.1 4.8

9.5 8.1 5.3 2.5 8.7 7.8 3.8 7.1 2.7 9.3 5.7

10.5 4.1 2.4 .8 5.1 2.5 1.2 6.2 4.2 .5 1.3 1.2

(4) (4) .6 .5 (4) 1.3 .9 (4) (4) .6

8.9 4.2 3.2 2.4 5.7 5.8 6.3 5.0 2.4 .7 2.2 .9

6.1 3.1 1.6 1.1 2.7 2.8 2.1 3.6 .4 .1 2.9 1.8

13.8 5.0 3.6 2.8 10.1 7.8 6.0 2.9 2.3 .9 1.1 .8

8.3 5.0 3.9 2.7 7.1 6.5 5.3 4.5 1.6 .2 1.4 1.5

7.3 7.2 2.9 1.6 6.0 3.8 2.9 8.6 3.2 .2 6.5 .9

6.2 2.6 1.4 .9 3.8 2.4 1.8 2.2 1.2 .5 2.4 .9

7.8 3.5 2.3 1.4 4.5 2.7 1.7 5.3 3.2 .3 1.3 1.3

7.2 2.7 1.5 1.0 5.6 3.7 2.8 1.8 .3 1.6 1.2

10.2 3.1 1.6 1.3 5.8 3.5 2.9 1.5 .4 .1 1.7 1.2

12.1 6.1 3.9 2.8 7.7 5.4 4.6 6.2 2.8 1.1 4.0 3.4

4.6 2.4 1.0 .4 3.7 1.6 .7 2.2 .7 .1 1.2 .7

6.8 3.9 2.3 1.4 7.1 4.1 2.2 2.5 1.2 .4 1.6 1.4

2.8

3.1

1.7 

1.6

1.7 

2.5 

2.4

4.0

5.2

6.0

.6

.6

.7

1.8

1.2

1.7

2.1

.7

1.5

.4

1.3 

2.8

.4

1.3

32.6

34.8

35.1 

34.4

35.9

33.9

31.2

‘ 31.2 

25.8

30.9

(4)

52.6

25.3

28.4

25.1

29.5

30.6

35.8

26.4

37.4

36.1

31.2

21.8

25.9

23.9 

23.7

26.0

26.1

26.9

26.3

20.6

18.5

28.5

28.5

19.6

23.4

35.0

23.5

19.0

25.6

13.7 

30.3

28.8 

21.9

12.1

21.0

22.3 

19.8

18.7

20.4

21.3

22.8

20.4

23.5 

19.0

17.2

17.1

22.3 

18.8 

17.9

35.1

21.1

14.7 

22.4

10.6

23.7

23.8

15.9 

9.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky.................................. 8.9 4.0 3.4 2.3 3.7 4.1 3.1 6.3 2.7 .5 2.2 3.0 2.9 33.4 27.4 21.9

Louisiana.................................. 10.8 5.0 2.5 .9 4.8 2.7 1.5 6.6 2.5 .2 4.1 2.3 .9 40.7 35.4 24.9

M aine........................................ 15.0 11.7 11.5 8.2 12.6 12.3 11.7 17.6 14.4 5.1 1.9 5.2 5.0 36.8 40.5 32.7

Maryland.................................. 8.7 6.4 4.9 2.7 6.2 6.4 4.5 8.1 4.0 .8 3.3 3.4 2.9 42.0 32.7 24.6

Massachusetts......................... 9.8 7.2 5.7 3.2 5.9 5.1 3.3 12.1 8.0 2.8 3.4 3.3 3.8 26.3 27.4 16.9

M ichigan................................... 14.4 7.4 4.7 1.8 8.0 6.3 2.1 8.3 3.8 1.1 5.9 4.3 2.6 29.8 19.0 10.5

Minnesota................................ 4.6 2.8 1.7 1.0 4.1 3.2 1.9 2.2 .8 .2 1.6 1.2 .9 24.2 13.9 12.0

Mississippi................................ 7.2 3.0 1.5 .8 4.4 2.9 1.8 2.4 .8 .2 1.9 .8 .5 40.6 32.9 23.3

Missouri.................................... 8.8 3.4 2.9 2.1 5.3 5.0 4.1 2.5 .8 .1 1.7 2.0 1.6 28.8 22.4 18.7

Montana................................... 10.3 4.2 2.4 1.1 6.4 5.7 3.0 4.7 1.0 .2 1.7 1.0 .6 31.3 17.3 13.5

Nebraska.................................. 9.3 2.9 1.3 .7 6.1 1.9 1.1 2.1 1.4 .3 .8 .6 .6 23.8 15.6 11.7

Nevada4....................................

New Jersey............................... 18.7 15.7 12.7 7.2 19.5 17.7 12.4 15.6 10.7 1.7 8.5 8.1 8.3 35.7 24.8 23.7

New M exico............................ 12.9 2.9 1.8 1.2 6.3 4.0 2.8 .6 .1 1.4 1.4 .7 44.8 24.7 16.2

New Y ork ................................. 12.7 9.4 7.3 4.4 10.9 9.4 7.0 10.2 6.3 1.1 4.7 5.2 5.3 20.8 18.3 18.6

North Carolina....................... 6.0 2.3 1.2 1.0 4.3 2.4 2.3 .9 .2 .1 1.7 1.1 .7 33.1 16.9 14.5

North D akota.......................... 15.0 16.1 11.6 7.5 23.5 19.3 14.4 9.2 4.0 1.2 10.1 7.9 4.7 39.9 27.0 27.2

O hio........................................... 9.4 5.3 3.9 2.2 7.3 6.0 3.6 3.0 1.8 .4 4.0 3.2 2.4 46.6 31.7 24.1

Oklahoma................................. 5.4 2.2 1.3 .9 4.5 2.3 1.7 1.4 1.0 .6 1.3 .9 .5 22.5 12.4 9.6

Oregon....................................... 7.7 2.7 2.1 .8 6.3 6.1 1.6 .5 .3 .5 .5 .6 47.8 33.8 22.8

Pennsylvania........................... 11.9 9.1 7.2 3.3 8.2 7.6 4.3 12.2 8.5 1.1 6.1 4.7 5.2 33.6 27.5 24.2

Rhode Island4.........................

South Carolina........................ 6.8 1.6 1.6 1.2 1.0 1.5 2.3 3.2 2.5 .3 1.2 1.2 1.2 14.0 6.0 7.2

South D akota.......................... 10.7 9.0 5.3 4.3 16.3 10.1 8.5 5.0 1.5 .5 3.6 2.8 2.4 32.0 20.6 17.5

Tennessee.................................. 6.2 6.1 4.8 2.8 6.1 5.7 3.4 8.4 4.3 .4 5.0 3.9 3.3 43.9 36.2 25.8

Texas......................................... 6.1 4.6 3.8 2.1 8.8 7.0 3.9 2.8 2.3 .4 1.6 1.8 1.5 41.6 29.0 20.8

U tah........................................... 11.6 5.2 1.7 1.2 7.4 2.2 1.4 4.0 .8 .6 3.7 2.6 1.5 27.3 23.2 9.5

Vermont.................................... 21.1 15.7 15.6 11.5 12.6 14.8 12.2 23.7 17.5 9.0 11.0 14.5 14.2 41.9 47.5 48.2

Virginia..................................... 8.0 5.6 3.9 3.0 6.1 5.0 4.0 6.9 3.2 1.3 3.3 2.0 2.4 36.7 25.2 21.9

Washington.............................. 6.6 3.5 1.7 .7 4.0 2.1 1.2 4.5 1.5 .2 1.7 1.3 .7 34.8 22.9 12.6

West Virginia.......................... 12.0 9.5 7.6 6.0 11.6 10.2 8.8 8.9 5.1 2.7 5.9 5.7 5.1 39.9 33.2 26.0

Wisconsin.................................. 10.5 7.6 4.2 2.0 8.3 6.4 4.2 10.4 3.9 .6 2.8 1.8 1.8 43.6 32.6 25.5

W yom ing.................................. 10.2 5.8 3.5 2.2 9.7 5.6 4.2 2.8 1.9 .7 2.0 1.9 1.0 31.3 39.3 34.2

Exam ination for admission to insurance in 1933 and 1934.

2For 1933 and 1936, deposits as of date of examination. For 1934 and 1935, deposits as of December 31.

4Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000. 

^Figures are included in deposit groups and in total.

EXAMINERS' ANALYSIS OF INSURED BANKS

Digitized for FRASER 

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

CAPITAL INVESTMENT OF THE RECONSTRUCTION FINANCE

CORPORATION

Table 126. CAPITAL INVESTMENT OF THE RECONSTRUCTION FINANCE CORPORATION

in O p e r a tin g I n s u r e d C o m m e r c ia l B a n k s , D e c e m b e r 31,1936

BY CLASS OF BANK IN EACH STATE AND POSSESSION 

(Amounts in thousands o f dollars)

U nited States and 

possession — total

State

Alabama.......................

Arizona.........................

Arkansas......................

California.....................

Colorado.......................

Connecticut.................

Delaware......................

District of Columbia.

Florida..........................

Georgia.........................

Idaho............................

Illinois..........................

Indiana.........................

Iow a..............................

Kansas..........................

Kentucky.....................

Louisiana.....................

Maine............................

M aryland.....................

Massachusetts............

Michigan......................

M innesota....................

Mississippi...................

Missouri.......................

M ontana......................

Nebraska.....................

Nevada.........................

New Hampshire.........

New Jersey..................

New M exico............

New Y ork ....................

North Carolina..........

North Dakota.............

Ohio..............................

Oklahoma....................

Oregon. . . . .................

Pennsylvania...............

Rhode Island..............

South Carolina...........

South D akota.............

Tennessee.....................

Texas............................

U tah..............................

Vermont.......................

Virginia........................

W ashington.................

West Virginia.............

Wisconsin.....................

W yom ing.....................

Possession 

Virgin Islands.............

All banks

No. of 

banks

5,298

56

3

104

95

54

37

10

7

40

73

24

188

250

122

187

106

88

24

63

52

164

199

137

189

45

132

3 

7

197

17

383

118

109

331

42

46 

269

4

33 

99

112

344

34 

42

123

86

80

349

20

Amount

643,441

11,454

1,365

3,987

36,080

4,099

6,494

346

2,545

1.969 

3,654

1,620

56,847

12,986

8,218

4,758

7,330

8,899

5,828

8,216

13,063

34,084

11,624

8,217

9.586 

2,539

5.970 

105 

447

67,504

673

82,821

6.586 

2,791

62,437

6,285

1,499

40,314

750

2,076

3,167

11,877

25,145

2,608

7,583

8,200

4,266

4,957

28,220

1,228

124

Banks members F. R . System1

National

N o. of 

banks

1,785

18

2

19

52

30

15

4

2

13 

15

9

114

43

40

45

27

14 

12 

12 

30

47

70

15 

25 

15

46 

2 

6

129

6

211

17

24

77

15

186

3

5

22

24

133

7

9

31

21

30

49

Amount

314,646

7,183

1,340

1,367

18,334

3,324

3,590

137

1,100

1,165

1,160

685

51,473

4,366

4,862

2,075

2,899

3,648

2,008

2,469

7,640

16,186

9,010

2,530

3,463

931

4,373

75

347

27,802

395

27,727

1,401

1,567

21,860

6,225

523

16,269

500

1,364

2,129

7,650

18,972

1,018

473

2,135

2,395

2,296

13,593

612

State

N o. of 

banks

330

4

3 

2

4 

6

32

2

25

2

27

1

15

Amount

136,327

3.250

655 

► ,535 

200

258

875

705

2,263

1,170

1,060

150

1,325

1,775

900

2,250

2,848

10,497

32

2,834

1,023

84

16,680

31

33,495

1,688

26,545

10

45

9,091

155

225

440

1,120

1,980

803

495

2,768

67

Banks not members F. R. 

System

N o. of 

banks Amount

3,183

34

1

80

39

23

22

6

5

25

52

11

61

203

78

137

76

71

10

47

16

85

127

122

145

24

1

1

43

120

98

85 

227

5

28

68

1

28

73

86 

192

16

33

90

52

46

288

9

192,468

1,021

25

1,965

11,211

575

2,904

209

1,445

546

1,619

230

3,111

7,450

2,296

2,533

3,106

3,476

2,920

3.497 

2,575

7,401

2,582

5,687

3,289

585

1,513

30

100

23,022

247

21,599

3.497 

1,224

14,032

50

931

14,954

250

712

883

4,002

5,733

470

7,110

4,085

1,068

2,166

11,859

549

124

*Data concerning national and State banks members of the Federal Reserve System were obtained 

from the Re-port of the Reconstruction Finance Corporation for the Fourth Quarter of 1936.

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Federal Reserve Bank of St. Louis
Ca p it a l In v e st m e n t R econstr uction F in a n c e C orporation 163

Table 127. RECONSTRUCTION FINANCE CORPORATION CAPITAL DISBURSEMENTS AND

R e tir em en ts D u ring 1936, Operating I nsured C om m ercial B a n k s N ot

M em bers of th e F ed er al R e ser ve System

in each state and possession

R .F .C .

capital 

outstanding 

Dec. 31,193s1

Disbursements

Retirements Other

deductions2

R .F .C . 

capital 

outstanding 

Dec. 31, 1936

U nited States and possession— t o t a l .....................$211,545,881

Alabama. 

Arizona. . . 

Arkansas.. 

California. 

Colorado. .

State

Connecticut................

Delaware.....................

District of Columbia.

Florida.........................

Georgia........................

Id a h o.. . 

Illinois. . 

Indiana. 

Iow a ... . 

Kansas..

Kentucky.........

Louisiana.........

M aine................

Maryland.........

Massachusetts.

Michigan... 

M innesota.. 

Mississippi. 

Missouri. . . 

M ontana. ..

Nebraska............

N evada...............

New Hampshire.

New Jersey........

New M ex ico.. ..

New Y ork..........

North Carolina. 

North Dakota. .

Ohio................... .

Oklahoma.........

Oregon...............

Pennyslvania. . 

Rhode Island. . 

South Carolina. 

South D akota..

Tennessee.

Texas.........

U tah.........

Vermont. . 

Virginia.. .

W ashington... 

West Virginia. 

W isconsin. . . . 

W yoming. . . .

P ossession 

Virgin Islands........

1,078,477

24,996

2,090,474

12.772.000

575.000

3.410.500

223.000

1.500.000 

588,414

1.675.000

215.000

4.201.000

7.831.000 

2,485,350

2.635.000

3.724.000

4.583.500 

2,925,078

4.050.000

2.575.000

8,770,580

3.250.500

5.922.500

3.586.000

664.500

1,726,649

30.000

100.000

20,290,929

232.500

26.850.000 

3,741,640

1.549.000

18.753.000

60.000

953.500 

14,958,644

250.000 

687,300

979.500

3,141,600

6.562.500

500.000

7.210.000 

4,392,250

1.156.000

2.136.000

13.338.000

590.000

$5,202,900

30,200

15,000

80,000

35,000

71,250

5,000

10,000

21,000

40,000

119,000

10,000

3,355,000

25,000

150,000

25,666

924,950

30,000

15,000

155,000

81,500

5,000

$14,790,552

57,512

120,234

1,560,800

406,332

14,000

55,300

1,183

51,500

675,450

133.500 

224,750 

153,028

198,100

562.500 

5,459

52,800

535,300

654,200

217,100

275,550

79,500

197,209

173,737

10,000

4,650,500

232,390

70,000

921,000

7,500

154,577

61,000

608,200

30,000

100,000

289,312

103,500

125,000

1,000,000

21,500

1,000

9,489,748

5,000

100,000

71,066

5,000

415,000

327,500

20,000

425.000

545.000

500,000

844,500

35.000

58.000 

140,000

26,382 

' 450,666

600,000

12,500

255,000

3,800,000

10,000

15,000

36.000

65.000 

250,800

18,000

560,000

25,000

3125,000

$192,468,481

1,020,965

24,967

I,965,240 

11,211,200

575.000

2,904,168

209.000 

1,444,700

546,365

1.618.500

230.000

3.110.550

7.450.000 

2,295,600 

2,533,222

3,105,900

3.476.000 

2,919,619 

3,497,200

2.575.000

7,400,780

2,582,300

5,687,400

3,289,450

585.000

1,513,058

30.000

100.000

23,022,192

247.500

21,599,500

3,496,750

1.224.000 

14,032,000

50.000

931.000 

14,954,067

250.000 

712,300

882.500

4.001.550

5.733.500

470.000

7.110.000 

4,084,938

1.067.500

2.166.000

II,859,500

548.500

124,000

Revised.

3Due to changes in charter jurisdiction, insured status, etc. 

*RFC capital of bank admitted to insurance in 1936.

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

EARN IN GS OF INSURED COM M ER CIAL BANKS

Table 128. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS OF OPERATING

I n sured C om m ercial B a n k s, Ca len dar Y ears 1934, 1935 an d 1936

Amounts in thousands of 

dollars

Amounts per $100 of 

total assets1

1934 1935 1936 1934 1935 1936

14,124 14,110 313,956

C urren t operatin g ea rn in gs:

Interest and discount on loans....................

Interest and dividends on securities..........

Commissions, fees, and collection, exchange and service charges......................

Other current operating earnings...............

Gross cu rren t operatin g earn in gs...

C urrent operatin g expen ses:

Interest on time and savings deposits. . . .

Interest and discount on borrowings.........

Salaries, wages, and fees..............................

Taxes.................................................................

689,143

549,504

75,553

201,408

1,515,608

641,737

547,108

89,668

204,488

1,483,001

661,574

573,472

104,696

223,948

1,563,690

$1.53

1.22

.17

.45

3.37

$1.33

1.14

.19

.42

3.08

$1.24

1.07

.20

.41

2.92

323,029

7,319

401,222

76,834

258,829

1,067,233

276,998

2,642

410,084

79,047

272,104

1,040,875

236,830

1,624

436,624

495,113

312,593

1,082,784

$0.72

.02

.89

.17

.57

2.37

$0.57

.01

.85

.16

.57

2.16

$0.44

.82

.18

.58

2.02

Other current operating expenses...............

T otal cu rren t operating expenses.. .

Net cu rrent operatin g ea rn in g s................

Profits on assets sold or exchanged, recoveries and reduction s in valuation allow ances:

Profits on securities sold or exchanged5

448,375 442,126 480,906 $1.00 $0.92 $0.90

267,674

110,403

174,970

31,404

584,451

$0.50

.21

.33

.05

1.09

Recoveries and reductions in valuation

allowances on loans....................................

Recoveries and reductions in valuation

allowances on securities............................

All other recoveries, profits on assets sold, 

and reductions in valuation allowances. 

T otal profits on assets sold, recoveries, e tc...........................................

Net earnings, profits and recoveries on 

assets, e tc...................................................

Losses, ch arge-offs, and additions to 

valuation allow an ces:

On loans..........................................................

On securities....................................................

All other losses, charge-offs, and additions

to valuation allowances...........................

T ota l losses, ch arge-offs, e tc ..............

Net profits b efore d ividen ds.......................

Cash dividends declared and interest 

paid o n c a p ita l.........................................

N et profits after divid en d s ..........................

52,770

206,120

32,755

291,645

81,675

315,937

34,445

432,057

$0.12

.46

.07

.65

$0.17

.66

.07

.90

740,020 874,183 1,065,357 $1.65 $1.82 $1.99

551,644

391,266

136,329

1,079,239

318,271

239,053

109,940

667,264

249,756

154,574

135,206

539,536

$1.23

.87

.30

2.40

$0.66

.50

.23

1.39

$0.47

.29

.25

1.01

-339,219

187,595

206,919

207,317

6523,379

223,208

$-0.75

.42

$0.43

.43

$0.98

.42

-526,814 -398 300,171 $-1.17 $0.56

1 Averages of call date figures.

2 Excludes banks not members of the Federal Reserve System as follows: 25 for 1934, 16 for 1935 

and 17 for 1936.

3 Includes in addition figures for 61 banks reporting for the first half of the year only. See notes 

2 and 3, Table 129.

4 Exclusive of $2,442,000 “ Income Taxes” paid by banks not members of the Federal Reserve 

System.

5 Amounts reported separately only for 1936. Included with recoveries in previous years.

8 After payment of “ Income Taxes.” See note 4.

NOTE: Minus (-) indicates deficit or deduction from profits.

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Federal Reserve Bank of St. Louis
EARNINGS OF INSURED COMMERCIAL BANKS 165

Table 129. E a r n i n g s , E x p e n s e s , AND DISPOSITION OF PROFITS OF OPERATING 

I n s u r e d C o m m e r c ia l B a n k s , C a l e n d a r Y e a r 1936

BY CLASS OF BANK

All

insured

banks

Banks members 

F. R. System

Banks not 

members F. R. 

System1

National State Total

Operating 

throughout entire 

year

Operating 

less than 

full year

Number of banks..................................... 13,956 25,325 31,051 7,580 7,460 120

C urrent operatin g ea rn in gs:

Interest and discount on loans.................. 661,574

(In

346,951

thousand

166,453

s of dollar 

148,170 

86,365

33,877

24,357

29^,769

•s)

145,412

84,419

33,251

23,706

286,788

2,758

Interest and dividends on securities........

Commissions, fees, and collection, exchange and service charges..................

573,472

104,696

325,772

49,634

161,335

21,185

98,121

1,946

626

Other current operating earnings........... 223,948 101,470 651

G ross cu rren t operatin g earnings. . 1,563,690 823,827 447,094 5,981

C urren t operatin g expenses:

Interest on time and savings deposits. . .

Interest and discount on borrowings........

Salaries, wages, and fees..........................

236,830

1,624

436,624

495,113

126,175

265

225,839

449,502

48,991

342

132,153

431,650

61,664

1,017

78,632

13,961

60,486

1,016

77,101

13,684

1,178

1

1,531

................... 277Taxes (other than on incom e)

Other current operating expenses............. 312,593

1,082,784

162,550 94,654 55,389

210,663

54,008 1,381

T otal cu rren t operatin g expenses.. 564,331 307,790 206,295 4,368

N et cu rren t operatin g earn in gs .............. 480,906 259,496 139,304 82,106 80,493 1,613

Profits on assets sold or exchanged, 

recoveries and redu ction s in valu a tion allow an ces:

Profits on securities sold or exchanged. . . 

Recoveries and reductions in valuation 

allowances on loans..............................

267,674

110,403

174,970

31,404

584,451

157,891

69,515

120,654

12,187

360,247

72,808

24,740

39,663

10,610

147,821

36,975

16,148

14,653

8,607

76,383

35,764

15,514

14,309

7,954

73,541

1,211

634

Recoveries and reductions in valuation

allowances on securities..........................

All other recoveries, profits on assets sold, 

and reductions in valuation allowances 

T otal profits on assets sold, recoveries, e tc.....................................

344

653

2,842

Net earnings, profits and recoveries on 

assets, e tc............................................. 1,065,357 619,743 287,125 158,489 154,034 4,455

Losses, ch arge-offs, and additions to 

valuation allow an ces:

On loans........................................................ 249,756

154,574

135,206

539,536

154,312

91,935

59,926

52,231

39,473

43,692

43,213

23,166

31,588

41,300

22,188

29,860

93,348

1,913

On securities...................................... 978

All other losses, charge-offs, and additions to valuation allowances................ 1,728

T otal losses, ch arge-offs, e tc........... 306,173 135,396 97,967 4,619

N et profits b efore in co m e taxes and

divid en d s...............................................

In com e taxes, Federal and S ta te ...........

(5)

(5)

523,379

(5)

(5)

(5)

(5)

60,522

2,442

60,686

2,416

-164

26

N et profits after in com e taxes ................. 313,570 151,729 58,080 58,270 -190

Cash dividends declared and interest 

paid on cap ital:

Dividends declared and interest paid on 

preferred capital6...................................... 7,205

17,311

7,061

16,966

24,027

144

Dividends declared on common capital6. 

T otal cash dividends declared and 

interest paid on ca p ita l.................

345

223,208 121,355 77,337 24,516 489

Net profits after d ivid en d s ........................ 300,171 192,215 74,392 33,564 34,243 -679

Excludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District 

of Columbia, and 4 other banks.

includes in addition figures for 52 banks reporting for the first half of the year only, 

includes in addition figures for 9 banks reporting for the first half of the year only, 

includes “ Income Taxes” for national and State banks members of the Federal Reserve System. 

5N ot available. See note 4.

6 Amounts reported separately only for banks not members of the Federal Reserve System.

NOTE: Minus (— ) indicates deficit or deduction from profits.

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 130. EARNINGS, EXPEN SES, AND DISPOSITION OF PRO FITS OF OPERATING INSURED COMMERCIAL BANKS

N ot M e m b e r s of th e F e d e ral R e se r v e Sy ste m , C a len d a r Y e a r s 1934,1935 and 1936

Amounts in thousands of dollars Amounts per $100 of total assets1

1934 1935

1936

1934 1935

1936

Total

Operating 

throughout 

entire year

Operating 

less than 

full year

Total

Operating 

throughout 

entire year

Operating 

less than 

full year

Number of banks2 ............................................. 7682 7723 7580 7460 120

C urren t operatin g earnings:

Interest and discount on loans................................ 149,129 143,319 148,170 145,412 2,758 $2.42 $2.21 $2.13 $2.14 $1.65

Interest and dividends on securities...................... 75,713 79,894 86,365 84,419 1,946 1.23 1.23 1.24 1.24 1.17

Commissions, fees, and collection, exchange and

service charges......................................................... 20,124 25,201 33,877 33,251 626 .33 .39 .49 .49 .38

Other current operating earnings............................ 26,769 27,927 24,357 23,706 651 .42 .43 .35 .35 .39

Gross cu rren t operatin g ea rn in g s ............... 271,735 276,341 292,769 286,788 5,981 4.40 4.26 4.21 4.22 3.59

C urren t operatin g expenses:

Interest on time and savings deposits................... 79,666 68,512 61,664 60,486 1,178 $1.28 $1.06 $0.89 $0.89 $0.70

Tnforocf onr? Hics^nnnt nn hnrrnwincfQ 3,682 1.411 1,017 1,016 1 .06 .02 .02 .02

Salaries, wages, and fees........................................... 73*798 75,620 78,632 77,101 1,531 1.20 1.16 1.13 1.14 .92

Taxes (other than on incom e)................................. 814,556 815,368 13,961 13,684 277 .24 .24 .20 .20 .17

Other expenses of occupancy and maintenance

of banking quarters^ 13,475 13,004 471 .19 .19 .28

Other current operating expenses........................... 46,i42 47,435 41,914 41,004 910 .75 .73 .60 .60 .55

T otal cu rren t operatin g expen ses............... 217,844 208,346 210,663 206,295 4,368 3.53 3.21 3.03 3.04 2.62

N et cu rren t operatin g ea rn in g s ............................ 53,891 67,995 82,106 80,493 1,613 $0.87 $1.05 $1.18 $1.18 $0.97

Profits on assets sold or exchanged, recoveries

and redu ction s in valuation allow an ces:

Profits on SGCiiritiGS sold or oxchfingGd^ 36,975 35,764 1,211 $0.53 $0.53 $0.73

Profits on other assets sold or 0xcli3n^ed^ 1,524 1,516 8 .02 .02

Recoveries and reductions in valuation allowances on loans......................................................... 8,381 9,765 16,148 15,514 634 $0.14 $0.15 .23 .23 .38

Recoveries and reductions in valuation allowances on securities.................................................. 20,529 38,897 14,653 14,309 344 .33 .60 .21 .21 .21

All other recoveries and reductions in valuation

allowances................................................................. 8,776 7,370 7,083 6,438 645 .14 .11 .11 .09 .39

T otal profits on assets sold, recoveries, etc. 37,686 56,032 76,383 73,541 2,842 .61 .86 1.10 1.08 1.71

Net earnings, profits and recoveries on assets,

e tc............................................................................... 91,577 124,027 158,489 154,034 4,455 $1.48 $1.91 $2.28 $2.26 $2.68

Losses, ch arge-offs, and addition s to valuation

a llow an ces:

On loans........................................................................ 99,862 65,897 43,213 41,300 1,913 $1.61 $1.02 $0.62 $0.61 $1.15

On securities................................................................. 70,770 40,263 23,166 22,188 978 1.15 .62 .33 .33 .59

All other losses, charge-offs, and additions to

valuation allowances.............................................. 35,663 22,829 31,588 29,860 1,728 .58 .35 .46 .43 1.04

T otal losses, charge-offs, e tc .......................... 206,295 128,989 97,967 93,348 4,619 3.34 1.99 1.41 1.37 1 2.78

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Net profits before income taxes and dividends

Income taxes, Federal and State.......................

Net profits after income taxes.............................

C ash dividends declared an d interest paid on 

cap ital:

Dividends declared and interest paid on preferred

capital4......................................................................

Dividends declared on common capital4.............

T otal cash dividends declared and interest 

paid o n ca p ita l.............................................

N et profits a fter d ivid en d s..................................

O ther ad d ition s to capital a c c o u n t:4

Preferred capital sold (par value)......................

Common capital sold (par value).......................

Premiums on new capital sold............................

Deposits waived and subordinated....................

Assessments and other contributions................

T otal oth er a d d ition s to cap ital a ccou n t

O th er d ed u ction s fro m ca p ita l a c c o u n t:4

Preferred capital retired (par value).....................

Common capital retired (par value).....................

Premiums on preferred capital retired.................

Payments to depositors on waived or subordinated claims.....................................................

T otal oth er ded u ction s fro m capital 

a cco u n t...........................................................

Net ch an ge in tota l capital a ccou n t for period

Total capital account, December 31, 1935..................

Total capital account, December 31, 1936..................

M on th ly average o f assets and liab ilities:8

ASSETS

Cash and due from banks........................................

Securities.......................................................................

Loans.............................................................................

Miscellaneous i

T otal a ssets.

LIABILITIES A N D CAPITAL

Demand deposits................................................

Time deposits.....................................................

T otal d ep osits ..............................................

Miscellaneous liabilities....................................

Total capital account........................................

T otal liabilities and capital a ccou n t ,

(s)

(5)

-114,718

13,929

-128,647

(5)

(5)

-4,962

20,473

-25,435

60,522

2,442

58,080

7,205

17,311

24,516

33,564

4,022

2,670

2,982

287

2,713

12,674

16,645

594

29

5,087

22,355

23,883

1,019,078

1 M2,961

1,567,381

2,439,957

2,497,141

450,971

6,955,450

2,877,642

2,961,437

5,839,079

72,695

1,043,676

6,955,450

60,686

2,416

58,270

7,061

16,966

24,027

34,243

3,297

2,181

2,398

109

2,445

10,430

15,606

574

29

5,052

21,261

23,412

999,316

1,022,728

1,528,532

2,379,723

2,438,920

441,809

6,788,984

2,793,289

2,900,343

5,693,632

71,766

1,023,586

6,788,984

-164

26

-190

144

345

-679

725

489

584

178

268

2,244

1,039

20

35

1,094

471

19,762

20,233

38,849

60,234

58,221

9,162

166,466

84,353

61,094

145,447

929

20,090

166,466

$-1.86

$0.23

$-2.09

$-0.08

$0.31

$-0.39

$0.87

.04

.83

$0.10

.25

.35

$0.48

0.24

.01

.07

.32

$0.34

11+.65

1U.99

$22.53

35.08

35.90

6.49

100.00

$41.37

42.58

83.95

1.05

15.00

100.00

$0.89

.04

.85

$0.10

.25

.35

$0.50

).05

.03

.04

.03

.15

>.23

.01

.07

.31

$0.34

11+.72

15.06

$22.51

35.05

35.93

6.51

100.00

$41.14

42.72

83.86

1.06

15.08

100.00

$-0.10

.02

-0.12

$0.09

.20

.29

$-0.41

$0.44

.29

.35

.11

.16

1,35

$0.63

.01

.02

.66

$0.28

11.87

12.15

$23.34

36.19

34.97

5.50

100.00

$50.67

36.70

87.37

.56

12.07

100.00

1Averages of call date figures for 1934 and 1935. Averages of end-of-month figures for 1936. 

aExcludes banks as follows: 25 for 1934, 16 for 1935 and 17 for 1936.

3Includes “ Income Taxes."

4Amounts reported separately only for 1936.

6Not available. See note 3.

6Asset and liability items are averages of end-of-month figures.

N OTE: Minus (-) indicates deficit or deduction from profits.

EARNINGS OP INSURED COMMERCIAL BANKS 167

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 131. EARNINGS, E x p e n s e s, AND DISPOSITION OF PROFITS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE

F ed eral R eser v e System , C a len d ar Y ea r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED BY AMOUNT OF DEPOSITS

All

Banks with monthly average deposits of— 1

banks $100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

Number of banks.................................................... 7,460 741 2,327 1,998 1,238 701 332 76 43 4

C urren t operatin g ea rn in gs:

Interest and discount on loans.............................. 145,412 2,639 14,618 21,654

(In 1 

24,151

:housands of 

24,413

’ dollars)

23,260 12,829 14,880 6,968

Interest and dividends on securities...................... 84,419 395 4,584 9,404 12,780 14,891 15,453 7,896 13,215 5,801

Commissions, fees, and collection, exchange and 

service charges......................................................... 33,251 728 3,763 4,987 5,114 4,890 4,840 2,554 5,724 651

Other current operating earnings........................... 23,706 185 1,006 1,688 2,414 3,070 3,774 3,529 6,971 1,069

G ross cu rren t operatin g ea rn in g s ........... 286,788 3,947 23,971 37,733 44,459 47,264 47,327 26,808 40,790 14,489

C urren t operatin g expenses:

Interest on time and savings deposits................... 60,486 368 3,495 7,011 9,302 10,680 11,022 5,830 7,405 5,373

Interest and discount on borrowings..................... 1,016 14 63 77 114 165 185 26 372

Salaries, wages, and fees........................................... 77,101 1,388 7,505 10,758 11,803 12,306 12,077 6,902 11,659 2,703

Taxes (other than on incom e)................................. 13,684 232 1,200 1,705 2,039 2,252 2,251 1,235 2,133 637

Other expenses of occupancy and maintenance 

of banking quarters................................................ 13.004

41.004

184 967 1,456 1,701 2,048 2,122 1,421 2,369 736

Other current operating expenses........................... 767 3,974 5,687 6,547 6,536 6,470 3,656 5,920 1,447

T otal cu rren t operatin g expenses........... 206,295 2,953 17,204 26,694 31,506 33,987 34,127 19,070 29,858 10,896

N et cu rren t operatin g ea rn in g s ............................ 80,493 994 6,767 11,039 12,953 13,277 13,200 7,738 10,932 3,593

Profits on assets sold or exchanged, recoveries 

and redu ction s in valuation a llow an ces:

Profits on securities sold or exchanged................. 35,764 106 1,690 3,669 5,555 6,549 7,445 3,843 5,504 1,403

Profits on other assets sold or exchanged............. 1,516 18 104 209 177 241 211 131 302 123

Recoveries and reductions in valuation allowances on loans......................................................... 15,514 188 1,144 1,500 1,595 1,865 2,272 1,942 2,503 2,505

Recoveries and reductions in valuation allowances on securities.................................................. 14,309 50 470 871 1,550 2,130 2,424 1,774 2,235 2,805

All other recoveries and reductions in valuation 

allowances................................................................ 6,438 54 460 544 800 1,247 1,003 650 1,528 152

T otal profits on assets sold, recoveries, 

etc. 73,541 416 3,868 6,793 9,677 12,032 13,355 8,340 12,072 6,988

Net earnings, profits and recoveries on assets, 

e tc................................................................................... 154,034 1,410 10,635 17,832 22,630 25,309 26,555 16,078 23,004 10,581

Losses, ch arge-offs, and addition s to valuation 

a llow an ces:

On loans........................................................................ 41,300 649 3,347 4,639 5,083 6,510 7,811 3,614 8,358 1,289

On securities................................................................ 22,188 66 845 1,831 2,950 4,234 4,790 2,127 4,478 867

All other losses, charge-offs, and additions to 

valuation allowances.............................................. 29,860 328 1,812 2,307 3,233 4,245 4,136 3,591 7,913 2,295

T otal losses, charge-offs, e tc...................... 93,348 1,043 6,004 8,777 11,266 14,989 16,737 9,332 20,749 4,451

168 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
N et profits b efore in co m e taxes and dividends 

In com e taxes, Federal an d S ta te .........................

60,686

2,416

58,270

367

35

4,631

267

9,055

427

11,364

457

10,320

396

9,818

299

6,746

213

2,255

322

6,130

N et profits a fter in co m e taxes ............................... 332 4,364 8,628 10,907 9,924 9,519 6,533 1,933 6,130

Cash dividends declared and interest paid on 

ca p ita l:

Dividends declared and interest paid on preferred 

capital........................................................................ 7,061

16,966

24,027

79 434 709 974 1,288

2,349

3,637

1,348

2,461

3,809

767 1,051

2,887

3,938

411

Dividends declared on common capital...............

T o ta l cash dividends declared and interest 

paid o n ca p ita l.................................................

165

244

1,575

2,009

2,427

3,136

2,567

3,541

1,587

2,354

948

1,359

N et profits a fte r d ivid en d s ...................................... 34,243 88 2,355 5,492 7,366 6,287 5,710 4,179 -2,005 4,771

O th er a d d ition s to cap ital a cco u n t:

Preferred capital sold (par value).......................... 3,297 53 258 346 438 564 188 600 850

Common capital sold (par value)........................... 2,181 18 288 174 252 496 453 200 300

Premiums on new capital sold................................ 2,398

109

11 34 70 154 169 410 1,550

Deposits waived and subordinated........................ 3 101 5

Assessments and other contributions.................... 2,445 48 434 387 188 420 360 576 32

T ota l oth er ad d ition s to capital a ccou n t 10,430 122 1,092 946 948 1,634 1,170 1,786 2,732

O ther d ed u ction s fro m ca p ital a cco u n t:

Preferred capital retired (par value)..................... 15,606

574

57 821 1,589

353

2,538

151

2,440 2,531

1

1,367 2,263 2,000

Common capital retired (par value)..................... 8 61

Premiums on preferred capital retired.................. 29 7 11 11

Payments to depositors on waived or subordinated claims..................................................... 5,052

21,261

36 508 1,222

3,171

1,453

4,153

933 337 563

T otal oth er ded u ction s fro m capital 

a c c o u n t............................................................... 101 1,390 3,373 2,880 1,930 2,263 2,000

Net ch an ge in tota l capital a ccou n t for period 23,412 109 2,057 3,267 4,161 4,548 4,000 4,035 -1,536 2,771

Total capital account, December 31, 1935................... 999,316

1,022,728

18,52k

18,633

87,983

90,01+0

122,778

126,01+5

11+6,71+2

150,903

167,221

171,769

172,1+13

176,1+13

92,921+ 150,1+50

11+8,911+

1+0,281

Total capital account, December 31, 1936................... 96,959 1+3,052

M on th ly average o f assets and liab ilities:1

ASSETS

Cash and due from banks........................................ 1,528,532

2,379,723

2,438,920

441,809

22,549

11,196

32,556

5,148

148,259 234,756

254,191

321,580

45,686

856.213

415,505

307,396

722,901

5,901

127,411

856.213

252,930

345,019

376,467

53,100

1.027.516

446,451

421,941

868,392

9,311

149,813

1.027.516

265,260

406,981

414,782

66,460

238,545

438,430

415,418

76,087

116,909

222,059

230,315

54,530

623,813

231,753

289,352

521,105

7,271

196,784

392,432

298,636

92,912

980.764

422,457

387,834

810,291

17,672

152,801

980.764

52,540

185,972

151,341

21,287

411.140

84,057

282,771

366,828

2,680

41,632

411.140

Securities....................................................................... 123,443

197,825

26,599

496.126

257,090

146,231

403,321

2,742

90,063

496.126

Loans.............................................................................

Miscellaneous assets...................................................

T ota l assets........................................................... 6.788.984

2,793,289

2,900,343

5,693,632

71,766

1,023,586

6.788.984

71,449

37,768

1.153.483

468,237

504,108

972,345

9,556

171,582

1.153.483

1.168.480

429.971 

546,001

975.972 

16,182

176,326

1.168.480

LIABILITIES A N D CAPITAL 

Demand deposits........................................................

Time deposits.............................................................. 14,709

T otal d ep osits....................................................... 52,477

Miscellaneous liabilities............................................. 451

Total capital account............................................... 18,521

71,449

95,437

T otal liabilities and cap ital a c c o u n t........ 623,813

1 Asset and liability items are averages of end-of-month figures.

NOTE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 132. AVERAGES PER BANK OF EARNINGS, EXPENSES, AND DISPOSITION OF PRO FITS OF IN SURED COMMERCIAL BANKS NOT

M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , Ca l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED BY AMOUNT OF DEPOSITS

All

Banks with monthly average deposits of— 1

banks $100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

(2>

Number of banks............................................... 7,460 741 2,327 1,998 1,238 701 332 76 43 4

C urren t operatin g earn in gs:

Interest and discount on loans................................ $19,492 $3,561 $6,282 $10,838 $19,508 $34,826 $70,060 $168,803 $346,047 $1,742,000

Interest and dividends on securities...................... 11,316 533 1,970 4,707 10,323 21,243 46,545 103,895 307,326 1,450,250

Commissions, fees, and collection, exchange and 

service charges....................................................... 4,457 982 1,617 2,496 4,131 6,976 14,578 33,605 133,116 162,750

Other current operating earnings........................... 3,178 250 432 844 1,950 4,379 11,368 46,434 162,116 267,250

Gross cu rren t operatin g ea rn in g s ........... 38,443 5,326 10,301 18,885 35,912 67,424 142,551 352,737 948,605 3,622,250

C urren t operatin g expenses:

Interest on time and savings deposits................... $8,108 $ 497 $1,502 $3,509 $7,514 $15,235 $33,199 $76,711 $172,209 $1,343,250

Interest and discount on borrowings..................... 136 19 27 39 92 235 557 342 8,651

Salaries, wages, and fees........................................... 10,335 1,873 3,225 5,384 9,534 17,555 36,377 90,816 271,140 675,750 Taxes (other than on incom e)................................. 1,834 313 516 853 1,647 3,213 6,780 16,250 49,605 159,250

Other expenses of occupancy and maintenance of 

banking quarters..................................................... 1,743 248 415 729 1,374 2,922 6,391 18,697 55,093 184,000

Other current operating expenses........................... 5,497 1,035 1,708 2,846 5,288 9,324 19,488 48,105 137,674 361,750

T otal cu rren t operatin g expen ses........... 27,653 3,985 7,393 13,360 25,449 48,484 102,792 250,921 694,372 2,724,000

N et cu rren t operatin g e a rn in g s............................ $10,790 $1,341 $2,908 $5,525 $10,463 $18,940 $39,759 $101,816 $254,233 $898,250

Profits o n assets sold or exchanged, recoveries 

a n d redu ction s in valuation allow an ces:

Profits on securities sold or exchanged................... $4,794 $ 143 $ 726 $1,836 $4,487 $9,342 $22,425 $50,566 $128,000 $350,750

Profits on other assets sold or exchanged............. 203 24 45 105 143 344 636 1,724 7,023 30,750

Recoveries and reductions in valuation allowances 

on loans..................................................................... 2,080 254 492 751 1,288 2,660 6,843 25,553 58,209 626,250

Recoveries and reductions in valuation allowances 

on securities.............................................................. 1,918 68 202 436 1,252 3,039 7,301 23,342 51,977 701,250

All other recoveries and reductions in valuation 

allowances................................................................ 863 73 197 272 646 1,779 3,021 8,552 35,535 38,000

T otal profits on assets sold, recoveries,

e tc...................................................................... 9,858 562 1,662 3,400 7,816 17,164 40,226 109,737 280,744 1,747,000

N et earnings, profits and recoveries on assets, 

e tc................................................................................... $20,648 $1,903 $4,570 $8,925 $18,279 $36,104 $79,985 $211,553 $534,977 $2,645,250

Losses, ch arge-offs, and addition s to valuation 

a llow an ces:

On loans........................................................................ $5,536 $ 876 $1,438 $2,322 $4,106 $9,287 $23,527 $47,553 $194,372 $322,250

On securities................................................................ 2,974 89 363 916 2,383 6,040 14,428 27,987 104,140 216,750

Ail other losses, charge-offs, and additions to 

valuation allowances.............................................. 4,003 443 779 1,155 2,611 6,055 12,458 47,250 184,023 573,750

T otal losses, ch arge-offs, e tc...................... 12,513 1,408 2,580 4,393 9,100 21,382 50,413 122,790 482,535 1,112,750

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Net profits before income taxes and dividends

Income taxes, Federal and State.......................

Net profits after income taxes............................

Gash dividends declared and interest paid on

capital:

Dividends declared and interest paid on preferred

capital.......................................................................

Dividends declared on common capital.................

Total cash dividends declared and interest paid on capital..............................

Net profits after dividends......................................

Other additions to capital account:

Preferred capital sold (par va lu e)...............

Common capital sold (par value)................

Premiums on new capital sold.............

Deposits waived and subordinated..............

Assessments and other contributions..........

Total other additions to capital account

Other deductions from capital account:

Preferred capital retired (par value). . . . . .

Common capital retired (par value)...........

Premiums on preferred capital retired.........

Payments to depositors on waived or subordinated claims.........................................................

Total other deductions from capital

account................................................

Net change in total capital account for

period.............................................................

Total capital account, December 31, 1935............

Total capital account, December 31, 1936............

M onthly average of assets and liabilities:1

ASSETS

Cash and due from banks..................................

Securities................................................................

Loans.......................................................................

Miscellaneous assets.............................................

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

LIABILITIES AN D CAPITAL

Demand deposits.............................................

Time deposits....................................................

Total deposits........................................

Miscellaneous liabilities..................................

Total capital account......................... ............

Total liabilities and capital.............

$8,135

324

7,811

$ 495 

47 

448

$1,990

115

1,875

$4,532

214

4,318

$9,179

369

8,810

$14,722

565

14,157

$29,572

900

28,672

$88,763

2,803

85,960

$52,442

7,488

44,954

$1,532,500

1,532,500

$ 947 

2,274

$ 107 

222

$ 186 

677

$ 355 

1,214

$ 787 

2,073

$1,837

3,351

$4,060

7,413

$10,092

20,881

$24,442

67,140

$102,750

237,000

3,221 329 863 1,569 2,860 5,188 11,473 30,973 91,582 339,750

$4,590 $ 119 $1,012 $2,749 $5,950 $8,969 $17,199 $54,987 $— 46,628 $1,192,750

$ 442 

292 

321 

15 

328 

1,398

$ 71 

24

$ 110 

124 

5

$ 173 

87 

17

$ 354 $ 804 $ 566 $7,895

2,631

5,395

$19,767

6,977

36,047

204

56

708

220

1,365

509

A 43

187

469

2

65

164

194

473

152

766

599 1,084

3,524

7,579

23,500

744

2,331 63,535

$2,092

77

4

$ 77 

10

$ 353 

26

$ 795 

177 

4

$2,050

122

9

$3,481 $7,624

3

$17,987 $52,628 $500,000

33

677

2,850

49

136

218

597

611

1,587

1,174

3,355

1,331

4,812

1,015

8,675

7,408

25,395 52,628 500,000

$3,138 $ 147 $ 884 $1,635 $3,361 $6,488 $12,048 $53,092 $-35,721 $692,750

133,957

137,095

2k,999

25,11+6

37,810

38,691+

61,1+50

63,085

118,532

121,893

238,51+6

21+5,031).

519,316

531,361+

1,222,681+

1,275,776

3,1+98,837

3,1+63,116

10,070,250

10,763,000

$204,897

318,998

326,933

59,223

910,051

$ 30,431 

15,109 

43,935 

6,947 

96,422

$ 63,713 

53,048 

85,013 

11,430 

213,204

$117,495

127,223

160,951

22,866

428,535

$204,305

278,691

304,093

42,892

829,981

$378,402

580,572

591,700

94,808

1,645,482

$718,509

1,320,572

1,251,259

229,178

3,519,518

$1,538,276

2,921,829

3,030,461

717,500

8,208,066

$4,576,372

9,126,326

6,945,023

2,160,744

22,808,465

$13,135,000

46.493.000 

37,835,250

5,321,750

102.785.000

$374,435

388,786

763,221

9,620

137,210

910,051

$ 50,969 

19,850 

70,819 

608 

24,995 

96,422

$110,481

62,841

173,322

1,178

38,704

213,204

$207,960

153,852

361,812

2,954

63,769

428,535

$360,623

340,825

701,448

7,521

121,012

829,981

$667,956

719,127

1,387,083

13,632

244,767

1,645,482

$1,295,093

1,644,582

2,939,675

48,741

531,102

3,519,518

$3,049,382

3,807,263

6,856,645

95,671

1,255,750

8,208,066

$9,824,581

9,019,395

18,843,976

410,977

3,553,512

22,808,465

$21,014,250

70,692,750

91.707.000 

670,000

10.408.000

102.785.000

1 Asset and liability items are averages of end-of-month figures.

JBecause of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.

N OTE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED BY AMOUNT OF DEPOSITS

Table 133. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT MEMBERS OF

th e F ed eral R e se r v e System ,-Calen d ar Y ea r 1936

All

banks

Banks with monthly average deposits of— 1

$100,000

and

under

$100,000

to

$250,000

$250,000

to

$500,000

$500,000

to

$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

$50,000,000

Over

$50,000,000

(2)

Number of banks............................................... 7,460 741 2,327 1,998 1,238 701 332 76 43 4

A m ou n ts per $100 o f gross earnings 

C urren t operatin g earnings:

Interest and discount on loans................................ $50.70 $66.86 $60.98 $57.39 $54.32 $51.65 $49.15 $47.86 $36.48 $48.09

Interest and dividends on securities...................... 29.44 10.01 19.12 24.92 28.75 31.51 32.65 29.45 32.40 40.04

Commissions, fees, and collection, exchange and 

service charges......................................................... 11.59 18.44 15.70 13.22 11.50 10.35 10.23 9.53 14.03 4.49

Other current operating earnings............................ 8.27 4.69 4.20 4.47 5.43 6.49 7.97 13.16 17.09 7.38

G ross cu rren t operatin g e a rn in g s ............... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

C urren t operatin g expenses:

Interest on time and savings deposits................... $21.09 $ 9.32 $14.58 $18.58 $20.92 $22.60 $23.29 $21.75 $18.15 $37.08

Interest and discount on borrowings..................... .35 .36 .26 .20 .26 .35 .39 .10 .91

Salaries, wages, and fees........................................... 26.89 35.17 31.31 28.51 26.55 26.04 25.52 25.75 28.58 18.65

Taxes (other than on incom e)................................. 4.77 5.88 5.01 4.52 4.59 4.76 4.76 4.60 5.23 4.40

Other expenses of occupancy and maintenance 

of banking quarters............................................... 4.53 4.66 4.03 3.86 3.82 4.33 4.48 5.30 5.81 5.08

Other current operating expenses........................... 14.30 19.43 16.58 15.07 14.73 13.83 13.67 13.64 14.52 9.99

T otal cu rren t operatin g expen ses............... 71.93 74.82 71.77 70.74 70.87 71.91 72.11 71.14 73.20 75.20

N et cu rren t operatin g ea rn in gs ............................ $28.07 $25.18 $28.23 $29.26 $29.13 $28.09 $27.89 $28.86 $26.80 $24.80

A m ou n ts per $100 o f tota l assets1 

C urren t operatin g earnings:

Interest and discount on loans................................ $ 2.14 $ 3.69 $ 2.95 $ 2.53 $ 2.35 $ 2.12 $ 1.99 $ 2.06 $ 1.52 $ 1.69

Interest and dividends on securities...................... 1.24 .55 .92 1.10 1.24 1.29 1.32 1.27 1.35 1.41

Commissions, fees, and collection, exchange and 

service charges.................... .................................... .49 1.02 .76 .58 .50 .42 .42 .41 .58 .16

Other current operating earnings........................... .35 .26 .20 .20 .24 .27 .32 .56 .71 .26

Gross cu rren t operatin g ea rn in g s ............... 4.22 5.52 4.83 4.41 4.33 4.10 4.05 4.30 4.16 3.52

C u rren t operatin g expenses:

Interest on time and savings deposits................... $ 0.89 $ 0.52 $ 0.71 $ 0.82 $ 0.91 $ 0.93 $0.94 $ 0.93 $ 0.76 $ 1.31

Interest and discount on borrowings.....................

Salaries, wages, and fees...........................................

.02

1.14

.02

1.94

.01

1.51

.01

1.26

.01

1.15

.01

1.07

.02

1.04 1.11

.04

1.19 .66

Taxes (other than on incom e)................................. .20 .32 .24 .20 .20 .19 .19 .20 .22 .15

Other expenses of occupancy and maintenance 

of banking quarters............................................... .19 .26 .20 .17 .16 .18 .18 .23 .24 .18

Other current operating expenses........................... .60 1.07 .80 .66 .64 .57 .55 .59 .60 .35

T otal cu rren t operatin g expen ses............... 3.04 4.13 3.47 3.12 3.07 2.95 2.92 3.06 3.05 2.65

N et cu rren t op eratin g ea rn in g s............................ $ 1.18 $ 1.39 $ 1.36 $ 1.29 $ 1.26 $ 1.15 $ 1.13 $ 1.24 $ 1.11 $ .87

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Recoveries, profits on securities, etc.. . .................

Losses and depreciation on assets..............................

N et profits before in co m e taxes and dividends 

Income taxes, Federal and State................................

$ 1.08 

1.37 

.89 

.03

$ 0.58 

1.46 

.51

.05

$ 0.78 

1.21 

.93

.05

$ 0.79 

1.02 

1.06

.05

$ 0.94 

1.10 

1.10 

.04

$ 1.04 

1.30 

.89

.03

$ 1.14 

1.43 

.84 

.03

$ 1.34 

1.50 

1.08

.03

$ 1.23 

2.11 

.23 

.03

$ 1.70 

1.08 

1.49

N et profits after in co m e taxes ...............................

Cash dividends declared...............................................

N et profits a fter d ivid en d s ......................................

Other additions to total capital account...................

.86

.35

.51

.15

.46

.34

.12

.17

.88

.40

.48

.22

1.01

.37

.64

.11

1.06

.34

.72

.09

.86

.32

.54

.14

.81

.32

.49

.10

1.05

.38

.67

.29

.20

.40

-.20

.28

1.49

.33

1.16

Other deductions from total capital account..........

N et ch an ge in tota l cap ital a c c o u n t...................

Total, capital account, December 31, 1935...................

Total capital account, December 31, 1936..................

.31

.35

1U.72

15.07

.14

.15

25.93

26.08

.28

.42

17.73

18.15

.37

.38

Ik.3 k

1U-72

.40

.41

I k -28

lk-69

.29

.39

Ik-50

lk-89

.25

.34

lk-76

15.10

.31

.65

lk-89

15.5k

.23

-.15

15.3k

15.19

.49

.67

9.80

10.k7

A m ou n ts per $100 o f to ta l capital a cco u n t1

N et cu rren t op eratin g ea rn in g s............................ $ 7.86 $ 5.36 $ 7.51 $ 8.67 $ 8.65 $ 7.74 $ 7.49 $ 8.11 $ 7.16 $ 8.63

Recoveries, profits on securities, etc.......................... 7.19 2.25 4.29 5.33 6.46 7.01 7.57 8.74 7.90 16.78

Losses and depreciation on assets.............................. 9.12 5.63 6.66 6.89 7.52 8.74 9.49 9.78 13.58 10.69

N et profits b efore in co m e taxes and dividends 5.93 1.98 5.14 7.11 7.59 6.01 5.57 7.07 1.48 14.72

Income taxes, Federal and State................................ .24 .19 .30 .34 .31 .23 .17 .22 .21

Net profits after in co m e taxes............................... 5.69 1.79 4.84 6.77 7.28 5.78 5.40 6.85 1.27 14.72

Cash dividends declared............................................... 2.35 1.32 2.23 2.46 2.36 2.12 2.16 2.47 2.58 3.26

N et profits after divid en d s...................................... 3.34 .47 2.61 4.31 4.92 3.66 3.24 4.38 -1.31 11.46

Other additions to total capital account.................. 1.02 .66 1.21 .74 .63 .95 .66 1.87 1.79

Other deductions from total capital account.......... 2.07 .54 1.54 2.49 2.77 1.96 1.63 2.02 1.48 4.80

N et ch an ge in tota l ca p ita l a c c o u n t................... 2.29 .59 2.28 2.56 2.78 2.65 2.27 4.23 -1.00 6.66

Special ratios

Interest and discount on loans per $100 of total 

loans1 ............................................................................. $ 5.96 $ 8.11 $ 7.39 $ 6.73 $ 6.42 $ 5.89 $ 5.60 $ 5.57 $ 4.98 $ 4.60

Interest and dividends on securities per $100 of 

total securities1........................................................... 3.55 3.53 3.71 3.70 3.70 3.66 3.52 3.56 3.37 3.12

Profits on securities per $100 of total securities1 . . 1.50 .95 1.37 1.44 1.61 1.61 1.70 1.73 1.40 .75

Interest on time deposits per $100 of time deposits 

of individuals, partnerships, and corporations1. . 2.09 2.50 2.39 2.28 2.20 2.12 2.02 2.01 1.91 1.90

Losses on loans per $100 of total loans1..................... 1.69 1.99 1.69 1.44 1.35 1.57 1.88 1.57 2.80 .85

Losses on securities per $100 of total securities1 . . .93 .59 .68 .72 .86 1.04 1.09 .96 1.14 .47

M on th ly average of assets and liabilities per 

$100 of total assets:1

ASSETS

Cash and due from banks........................................ $22.51 $31.56 $29.88 $27.42 $24.61 $23.00 $20.42 $18.74 $20.07 $12.78

Securities....................................................................... 35.05 15.67 24.88 29.69 33.58 35.28 37.52 35.60 40.01 45.23

Loans............................................................................. 35.93 45.57 39.88 37.56 36.64 35.96 35.55 36.92 30.45 36.81

Miscellaneous assets................................................. 6.51 7.20 5.36 5.33 5.17 5.76 6.51 8.74 9.47 5.18

T otal assets........................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

LIABILITIES AND CAPITAL

Demand deposits........................................................ $41.14 $52.86 $51.82 $48.53 $43.45 $40.59 $36.80 $37.15 $43.08 $20.44

Time deposits.............................................................. 42.72 20.59 29.48 35.90 41.06 43.70 46.73 46.39 39.54 68.78

T otal d ep osits....................................................... 83.86 73.45 81.30 84.43 84.51 84.29 83.53 83.54 82.62 89.22

Miscellaneous liabilities............................................ 1.06 .63 .55 .69 .91 .83 1.38 1.16 1.80 .65

Total capital account................................................ 15.08 25.92 18.15 14.88 14.58 14.88 15.09 15.30 15.58 10.13

T otal liabilities and capital a c c o u n t......... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

^ sset and liability items are averages of end-of-month figures.

2Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,00 0,000. 

NOTE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EAENINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO POPULATION OF CENTER IN WHICH LOCATED

Ta b le 134. EARNINGS, EX PEN SES, AND DISPOSITION OF PRO FITS OF INSURED COMMERCIAL BANKS NOT M EM BERS

o f t h e F e d e r a l R e s e r v e S y s t e m , Ca l e n d a r Y e a r 1936

All

banks

Banks in centers with population (1930) of—

Under

250

250

to

500

500

to

1,000

1,000

to

2,500

2,500

to

5,000

5.000 

to

10.000

10,000

to

25,000

25.000 

to

50.000

50,000

and

over

7,460 710 1,392 1,633 1,533 709 488 372 169 454

C urren t operatin g earnings:

Interest and dividends on securities......................

Commissions, fees, and collection, exchange and

service charges.......................................................

Other current opesating earnings...........................

Gross cu rren t operatin g e a rn in g s ...........

C urrent op eratin g expenses:

Interest on time and savings deposits...................

Interest and discount on borrowings.....................

Salaries, wages, and fees...........................................

Taxes (other than on incom e).................................

Other expenses of occupancy and maintenance of

Other current operating expenses...........................

T otal cu rren t operatin g expen ses...........

N et cu rren t op eratin g ea rn in gs ............................

145,412

84,419

33,251

23,706

286,788

3,934

1,272

643

181

6,030

9,534

3,482

1,758

465

15,239

14,258

6,645

3,040

945

24,888

(In thousan(

19,384

9,665

4,478

1,793

35,320

is of dollars)

14,110

8,603

3,123

1,501

27,337

15,105

8,809

2,840

2,011

28,765

16,300

10,954

3,169

2,435

32,858

9,345

5,790

1,566

1,586

18,287

43,442

29,199

12,634

12,789

98,064

60,486

1,016

77,101

13,684

13.004

41.004 

206,295

1,259

10

1,758

230

203

933

4,393

3,003

35

4,373

673

490

2,314

10,888

5,011

52

6,884

1,123

851

3,655

17,576

7,085

60

9,486

1,770

1,203

5,150

24,754

5,815

53

7,173

1,226

1,014

3,872

19,153

6,277

68

7,386

1,439

1,151

3,915

20,236

7,521

53

8,201

1.489

1.490 

4,466

23,220

4,169

40

4,548

893

772

2,586

13,008

20,346

645

27,292

4,841

5,830

14,113

73,067

80,493 1,637 4,351 7,312 10,566 8,184 8,529 9,638 5,279 24,997

Profits on assets sold or exchanged, recoveries 

and redu ction s in valuation allow an ces:

Profits on securities sold or exchanged...................

Profits on other assets sold or exchanged.............

Recoveries and reductions in valuation allowances

on loans.......................... ................ t........................

Recoveries and reductions in valuation allowances

on securities..............................................................

All other recoveries and reductions in valuation

allowances................................................................

T otal profits o n assets sold, recoveries,

Net earnings, profits and recoveries on assets,

35,764

1,516

15,514

14,309

6,438

73,541

525

16

243

109

56

949

1,393

49

607

438

235

2,722

2,526

106

1,142

788

394

4,956

3,773

220

1,407

1,243

657

7,300

3,598

136

919

917

501

6,071

3,447

210

1,340

1,058

557

6,612

4,544

112

1,461

1,694

825

8,636

2,759

59

1,117

994

295

5,224

13,199

608

7,278

7,068

2,918

31,071

154,034 2,586 7,073 12,268 17,866 14,255 15,141 18,274 10,503 56,068

Losses, ch arge-offs, and additions to valuation 

a llow an ces:

All other losses, charge-offs, and additions to 

T otal losses, ch arge-offs, e tc ......................

41,300

22,188

29,860

93,348

758

256

395

1,409

1,965

714

1,008

3,687

3,103

1,397

1,722

6,222

4,560

2,509

2,587

9,656

3,297

2,069

1,796

7,162

4,097

2,206

2,244

8,547

4,466

2,653

2,918

10,037

2,656

1,871

1,911

6,438

16,398

8,513

15,279

40,190

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Net profits before income taxes and dividends

Income taxes, Federal and State...................

Net profits after income taxes........................

Cash dividends declared and interest paid on

capital:

Dividends declared and interest paid on preferred

capital...................................................................

Dividends declared on common capital............

Total cash dividends declared and interest paid on capital.........................

Net profits after dividends..................................

Other additions to capital account:

Preferred capital sold (par value).....................

Common capital sold (par value)......................

Premiums on new capital sold............................

Deposits waived and subordinated...................

Assessments and other contributions................

Total other additions to capital account

Other deductions from capital account:

Preferred capital retired (par value).....................

Common capital retired (par value).....................

Premiums on preferred capital retired...................

Payments to depositors on waived or subordinated claims.........................................................

Total other deductions from capital

accou n t......................................................

Net change in total capital account for

period.......................................................................

Total capital account, December 31, 1935..........

Total capital account, December 31, 1936..........

Monthly average of assets and liabilities^

ASSETS

Cash and due from banks................................

Securities..............................................................

Loans.....................................................................

Miscellaneous assets..........................................

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

LIABILITIES A N D CAPITAL

Demand deposits....................................................

Time deposits..........................................................

Total deposits..............................................

Miscellaneous liabilities........................................

Total capital account............................................

_____ Total liabilities and capital account.

1 Asset and liability items are averages of end-of-month figures.

60,686

2,416

58,270

1,177

61

1,116

3,386

145

3,241

6,046

230

5,816

8,210

368

7,842

7,093

230

6,863

6,594

274

6,320

8,237

225

8,012

4,065

107

3,958

15,878

776

15,102

7,061

16,966

105

315

331

830

475

1,501

831

2,222

656

1,671

735

1,850

811

1,626

624

829

2,493

6,122

24,027 420 1,161 1,976 3,053 2,327 2,585 2,437 1,453 8,615

34,243 696 2,080 3,840 4,789 4,536 3,735 5,575 2,505 6,487

3,297 79 169 277 454 384 263 75 1,596

1,131

2,051

2,181

2,398

109

25 17

10

90

18

257

89

99

180

27

343

179

63

19

75

5

4 2 4

2,445

1-0,430

41

149

177

375

252

641

313

1,212

316

907

229

1,014

354

511

76

156

687

5,465

15,606

574

44

8

411

13

1,150

42

2,087

227

1,477

59

1,446

50

1,524

50

652 6,815

125

29 5 14 10

5,052 124 440 921 1,081 367 354 286 974 505

21,261 176 864 2,118 3,395 1,903 1,864 1,870 1,626 7,445

23,412 669 1,591 2,363 2,606 3,540 2,885 4,216 1,035 4,507

999,316

1,022,728

21,971

22,640

54,577

56,168

82,258

84,621

115,302

117,908

89,559

93,099

100,670

103,555

113,347

117,563

68,074

69,109

353,558

358,065

1,528,532

2,379,723

2,438,920

441,809

6,788,984

35,891

34,850

58,938

5,568

135,247

90,444

94,159

139,194

13,410

337,207

150,722

174,853

212,042

32,475

570,092

221,324

261,106

294,112

40,056

816,598

163,299

229,693

227,909

35,875

656,776

163,091

241,935

250,980

41,393

697,399

174,580

303,375

236,314

53,011

817,280

101,051

166,645

159,983

30,204

457,883

428,130

873,107

809,448

189,817

2,300,502

2,793,289

2,900,343

5,693,632

71,766

1,023,586

6,788,984

59,067

53,695

112,762

450

22,035

135,247

152,312

127,754

280,066

1,305

55,836

337,207

264,383

217,529

481,912

2,544

85,636

570,092

386,235

308,154

694,389

4,044

118,165

816,598

301,711

256,772

558,483

5,977

92,316

656,776

297,766

292,081

589,847

4,093

103,459

697,399

334,880

360,606

695,486

5,262

116,532

817,280

174,290

211,788

386,078

2,601

69,204

457,883

822,645

1,071,964

1,894,609

45,490

360,403

2,300,502 - 3

orEARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 135. EARNINGS, EX PEN SES, AND DISPOSITION OF PRO FITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT ^

M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , Ca l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO POPULATION OF CENTER IN WHICH LOCATED

All

banks

Banks in centers with population (1930) of—

Under

250

250

to

500

500

to

1,000

1,000

to

2,500

2,500

to

5,000

5.000 

to

10.000

10,000

to

25,000

25.000 

to

50.000

50,000

and

over

Number of banks................................................ 7,460 710 1,392 1,633 1,533 709 488 372 169 454

A m ou n ts per $100 o f gross earnings 

C u rren t operatin g earnings:

Interest and discount on loans................................ $50.70 $65.24 $62.56 $57.29 $54.88 $51.62 $52.51 $49.61 $51.10 $44.30

Interest and dividends on securities...................... 29.44 21.10 22.85 26.70 27.36 31.47 30.63 33.34 31.66 29.78

Commissions, fees, and collection, exchange and 

service charges......................................................... 11.59 10.66 11.54 12.21 12.68 11.42 9.87 9.64 8.57 12.88

Other current operating earnings........................... 8.27 3.00 3.05 3.80 5.08 5.49 6.99 7.41 8.67 13.04

G ross cu rren t op era tin g ea rn in g s ............... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

C u rren t operatin g expenses:

Interest on time and savings deposits................... $21.09 $20.88 $19.71 $20.13 $20.06 $21.27 $21.82 $22.89 $22.80 $20.75

Interest and discount on borrowings..................... .35 .17 .23 .21 .17 .19 .24 .16 .22 .65

Salaries, wages, and fees........................................... 26.89 29.15 28.70 27.66 26.86 26.24 25.68 24.96 24.87 27.83

Taxes (other than on incom e)................................. 4.77 3.81 4.42 4.51 5.01 4.49 5.00 4.53 4.88 4.94

Other expenses of occupancy and maintenance 

of banking quarters................................................ 4.53 3.37 3.21 3.42 3.40 3.71 4.00 4.54 4.22 5.95

Other current operating expenses........................... 14.30 15.47 15.18 14.69 14.58 14.16 13.61 13.59 14.14 14.39

T otal cu rren t operatin g expen ses................ 71.93 72.85 71.45 70.62 70.08 70.06 70.35 70.67 71.13 74.51

N et cu rren t operatin g ea rn in g s............................ $28.07 $27.15 $28.55 $29.38 $29.92 $29.94 $29.65 $29.33 $28.87 $25.49

A m ou n ts per $100 of total assets1 

C urren t operatin g earnings:

Interest and discount on loans................................ $ 2.14 $ 2.91 $ 2.83 $ 2.50 $ 2.37 $ 2.15 $ 2.16 $ 1.99 $ 2.04 $ 1.89

Interest and dividends on securities...................... 1.24 .94 1.03 1.17 1.18 1.31 1.26 1.34 1.26 1.27

Commissions, fees, and collection, exchange and 

service charges......................................................... .49 .48 .52 .53 .55 .48 .41 .39 .34 .55

Other current operating earnings............................ .35 .13 .14 .17 .22 .23 .29 .30 .35 .55

G ross cu rren t operatin g ea rn in g s ............... 4.22 4.46 4.52 4.37 4.32 4.17 4.12 4.02 3.99 4.26

C u rren t operatin g expenses:

Interest on time and savings deposits................... $ 0.89 $ 0.93 $ 0.89 $ 0.88 $ 0.87 $ 0.89 $ 0.90 $ 0.92 $ 0.91 $ 0.88

Interest and discount on borrowings..................... .02 .01 .01 .01 .01 .01 .01 .01 .01 .03

Salaries, wages, and fees...........................................

Taxes (other than on incom e).................................

1.14 1.30 1.30 1.21 1.16 1.09 1.06 1.00 .99 1.19

.20 .17 .20 .20 .21 .19 .21 .18 .20 .21

Other expenses of occupancy and maintenance 

of banking quarters................................................ .19 .15 .14 .15 .15 .15 .16 .18 .17 .25

Other current operating expenses........................... .60 .69 .69 .64 .63 .59 .56 .55 .56 .61

T otal cu rren t operatin g expen ses................ 3.04 3.25 3.23 3.09 3.03 2.92 2.90 2.84 2.84 3.17

N et cu rren t operatin g ea rn in g s............................ $ 1.18 $ 1.21 $ 1.29 $ 1.28 $ 1.29 $ 1.25 $ 1.22 $ 1.18 $ 1.15 $ 1.09

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Recoveries, profits on securities, etc..........................

Losses and depreciation on assets..............................

Net profits b efore in co m e taxes an d dividends

Income taxes, Federal and State................................

Net profits after in co m e taxes...............................

Cash dividends declared...............................................

N et profits after d ivid en d s......................................

Other additions to total capital account..................

Other deductions from total capital account..........

N et ch an ge in tota l ca p ita l a c c o u n t...................

Total capital account, December 31, 1935...................

Total capital account, December 31, 1936...................

$ 1.08 

1.37 

.89

.03

.86

.35

.51

.15

.31

.35

11+.72

15.07

$ 0.70 

1.04 

.87 

.05 

.82 

.31 

.51 

.11 

.13 

.49 

16.25

16.71+

$ 0.81 

1.09 

1.01

.05

.96

.34

.62

.11

.26

.47

16.19

16.66

$ 0.87 

1.09 

1.06 

.04 

1.02 

.35 

.67 

.11 

.37 

.41 

11+.1+3

11+.81+

$ 0.89 

1.18 

1.00

.04 

.96 

.37 

.59 

.15 

.42 

.32 

11+.12

U -U

$ 0.92 

1.09 

1.08 

.04 

1.04 

.35 

.69 

.14 

.29 

.54 

13.61+

11+.18

$ 0.95 

1.22 

.95 

.04 

.91 

.37 

.54 

.14 

.27 

.41 

11+.1+1+

11+.85

$ 1.06 

1.23 

1.01

.03 

.98 

.30 

.68 

.06 

.23 

.51 

13.87

11+.38

$ 1.14 

1.41 

.88 

.02 

.86 

.32 

.54 

.03 

.35 

.22 

11+.87

15.09

$ 1.35 

1.75 

.69 

.03 

.66 

.38 

.28 

.24 

.33 

.19 

15.37

15.56

A m ou n ts per $100 o f tota l ca p ital a cco u n t1 

N et cu rren t operatin g ea rn in g s............................ $ 7.86 $ 7.42 $ 7.79 $ 8.54 $ 8.94 $ 8.86 $ 8.24 $ 8.27 $ 7.62 $ 6.94

Recoveries, profits on securities, etc.......................... 7.19 4.31 4.87 5.79 6.18 6.58 6.39 7.41 7.55 8.62

Losses and depreciation on assets.............................. 9.12 6.39 6.60 7.27 8.17 7.76 8.26 8.61 9.30 11.15

N et profits b efore in co m e taxes and dividends 5.93 5.34 6.06 7.06 6.95 7.68 6.37 7.07 5.87 4.41

Income taxes, Federal and State................................ .24 .28 .26 .27 .31 .25 .26 .19 .15 .22

N et profits after in co m e taxes............................... 5.69 5.06 5.80 6.79 6.64 7.43 6.11 6.88 5.72 4.19

Cash dividends declared............................................... 2.35 1.90 2.08 2.31 2.59 2.52 2.50 2.09 2.10 2.39

N et profits after d ivid en d s ...................................... 3.34 3.16 3.72 4.48 4.05 4.91 3.61 4.79 3.62 1.80

Other additions to total capital account.................. 1.02 .68 .67 .75 1.02 .98 .98 .44 .23 1.52

Other deductions from total capital account.......... 2.07 .80 1.54 2.47 2.87 2.06 1.80 1.61 2.35 2.07

N et ch an ge in tota l ca p ital a c c o u n t.................. 2.29 3.04 2.85 2.76 2.20 3.83 2.79 3.62 1.50 1.25

Special ratios

Interest and discount on loans per $100 of total 

loans1 ............................................................................. $ 5.96 $ 6.67 $ 6.85 $ 6.72 $ 6.59 $ 6.19 $ 6.02 $ 5.69 $ 5.84 $ 5.37

Interest and dividends on securities per $100 of 

total securities1........................................................... 3.55 3.65 3.70 3.80 3.70 3.75 3.64 3.61 3.47 3.34

Profits on securities per $100 of total securities1 . . 1.50 1.51 1.48 1.44 1.45 1.57 1.42 1.50 1.66 1.51

Interest on time deposits per $100 of time deposits 

of individuals, partnerships, and corporations1 . 2.09 2.34 2.35 2.30 2.30 2.26 2.15 2.09 1.97 1.90

Losses on loans per $100 of total loans1.................... 1.69 1.29 1.41 1.46 1.55 1.45 1.63 1.56 1.66 2.03

Losses on securities per $100 of total securities1 . . .93 .73 .76 .80 .96 .90 .91 .87 1.12 .98

M o n th ly average o f assets and liabilities per 

$100 o f total a ssets:1 

ASSETS

Cash and due from banks........................................ $22.51 $26.54 $26.82 $26.44 $27.10 $24.87 $23.38 $21.36 $22.07 $18.61

Securities...................................................................... 35.05 25.77 27.92 30.67 31.97 34.97 34.69 37.12 36.39 37.95

Loans............................................................................. 35.93 43.58 41.28 37.19 36.02 34.70 35.99 35.03 34.94 35.19

Miscellaneous assets................................................... 6.51 4.11 3.98 5.70 4.91 5.46 5.94 6.49 6.60 8.25

T otal assets............................................................ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

LIABILITIES AND CAPITAL 

Demand deposits........................................................ $41.14 $43.68 $45.17 $46.38 $47.30 $45.94 $42.70 $40.98 $38.07 $35.76

Time deposits.............................................................. 42.72 39.70 37.88 38.15 37.73 39.09 41.88 44.12 46.25 46.60

T otal d ep osits....................................................... 83.86 83.38 83.05 84.53 85.03 85.03 84.58 85.10 84.32 82,36

Miscellaneous liabilities............................................ 1.06 .33 .39 .45 .50 .91 .59 .64 .57 1.98

Total capital account................................................ 15.08 16.29 16.56 15.02 14.47 14.06 14.83 14.26 15.11 15.66

T otal liabilities and capital a c c o u n t........ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

1 Asset and liability items are averages of end-of-month figures.

EARNINGS OF INSURED COMMERCIAL BANKS 177

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Tab le 136. EARNINGS, E x p e n s e s , AND DISPOSITION OF PRO FITS OF INSURED COMMERCIAL BANKS NOT

M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , Ca l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER

IN WHICH LOCATED

All

banks

Banks in centers with—

1

banking

office

2

banking

offices

3

banking

offices

4

banking

offices

5

banking

offices

6

banking

offices

7

banking

offices

8

banking

offices

9 or more 

banking 

offices

Number of banks............................................... 7,460 4,752 1,613 402 173 80 66 27 25 322

C u rren t operatin g earnings:

Interest and discount on loans................................ 145,412 45,789 32,087 14,662

(In thouss 

6,773

mds of dolla 

4,172 

2,283

,rs)

2,649 1,593 1,848 35,839

Interest and dividends on securities...................... 84,419 22,406 18,996 8,500 3,893 1,908 795 683 24,955

Commissions, fees, and collection, exchange and 

service charges....................................................... 33,251 10,877 6,191

3,950

2,497 1,205 620 665 264 517 10,415

Other current operating earnings........................... 23,706 3,599 2,120 903 540 745 206 232 11,411

Gross cu rren t operatin g ea rn in g s ........... 286,788 82,671 61,224 27,779 12,774 7,615 5,967 2,858 3,280 82,620

C urren t operatin g expenses:

Interest on time and savings deposits................... 60,486 16,048 13,080 6,523 2,872 2,101 1,232 713 576 17,341

Interest and discount on borrowings..................... 1,016 180 90 44 44 14 160 1 9 474

Salaries, wages, and fees........................................... 77,101 22,733 16,112 6,943 3,343 1,756 1,559 804 946 22,905

Taxes (other than on incom e)................................. 13,684 3,635 2,975 1,352 674 399 321 132 161 4,035

Other expenses of occupancy and maintenance of 

banking quarters.................................................... 13,004 2,917 2,459 1,193 537 276 274 157 164 5,027

Other current operating expenses.......................... 41,004 12,383 8,508 3,739 1,770 1,017 890 391 566 11,740

T otal cu rren t operatin g expen ses........... 206,295 57,896 43,224 19,794 9,240 5,563 4,436 2,198 2,422 61,522

N et cu rren t op eratin g ea rn in g s ............................ 80,493 24,775 18,000 7,985 3,534 2,052 1,531 660 858 21,098

Profits on assets sold or exchanged, recoveries 

and red u ction s in valuation allow an ces:

Profits on securities sold or exchanged................... 35,764 9,045 7,834 3,603 1,839 1,133 836 649 286 10,539

Profits on other assets sold or exchanged............ 1,516 389 300 176 43 32 46 12 12 506

Recoveries and reductions in valuation allowances 

on loans..................................................................... 15,514 3,731 2,350 1,350 450 305 329 328 60 6,611

Recoveries and reductions in valuation allowances 

on securities....................................................... .. 14,309 2,691 2,445 1,083 701 155 287 515 116 6,316

All other recoveries and reductions in valuation 

allowances................................................................ 6,438 1,413 1,232 608 209 182 283 272 89 2,150

T otal profits on assets sold, recoveries,

73,541 17,269 14,161 6,820 3,242 1,807 1,781 1,776 563 26,122

Net earnings, profits and recoveries on assets,

154,034 42,044 32,161 14,805 6,776 3,859 3,312 2,436 1,421 47,220

Losses, ch arge-offs, and additions to valuation 

allow ances:

On loans........................................................................ 41,300 9,858 7,845 4,340 2,141 1,012 1,982 463 488 13,171

22,188 5,089 4,833 1,955 1,031 711 759 473 155 7,182

All other losses, charge-offs, and additions to 

valuation allowances.............................................. 29,860 5,908 4,674 2,321 1,304 483 884 806 268 13,212

93,348 20,855 17,352 8,616 4,476 2,206 3,625 1,742 911 33,565

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Cash dividends declared and interest paid on 

ca p ita l:

Dividends declared and interest paid on preferred

capital.......................................................................

Dividends declared on common capital........

T otal cash dividends declared and in ­

terest paid o n c a p ita l..............................

N et profits after d ivid en d s ......................................

O ther addition s to cap ital a cco u n t:

Preferred capital sold (par va lu e).........................

Common capital sold (par value)..........................

Premiums on new capital sold................................

Deposits waived and subordinated........................

Assessments and other contributions....................

T otal oth er additions to capital accou n t

O ther d edu ction s fro m capital a cco u n t:

Preferred capital retired (par value).....................

Common capital retired (par value).....................

Premiums on preferred capital retired...................

Payments to depositors on waived or subordinated claims.........................................................

T otal oth er d edu ction s fro m capital 

a c c o u n t ......................................................

Net ch an ge in tota l capital a cco u n t fo r

p e rio d ..........................................................

Total capital account, December 31, 1935...............

Total capital account, December 31, 1936...............

M on th ly average o f assets and liab ilities:1

ASSETS

Cash and due from banks....................................

Securities..................................................................

Loans.........................................................................

Miscellaneous assets..............................................

T otal a ssets...................................................

LIABILITIES AND CAPITAL

Demand deposits....................................................

Time deposits..........................................................

T otal d ep osits..............................................

Miscellaneous liabilities........................................

Total capital account............................................

T otal liabilities and ca p ita l a c c o u n t .

Net profits before income taxes and dividends

Income taxes, Federal and State...................

Net profits after income taxes........................

60,686

2,416

58,270

21,189

879

20,310

14,809

484

14,325

6,189

168

6,021

2,300

100

2,200

1,653

47

1,606

-313

30

-343

694

14

680

510

36

474

13,655

658

12,997

7,061

16,966

1,861

4,778

1,481

3,432

699

1,572

401

702

189

425

226

343

142

138

35

176

2,027

5,400

24,027 6,639 4,913 2,271 1,103 614 569 280 211 7,427

34,243 13,671 9,412 3,750 1,097 992 -912 400 263 5,570

3,297 943 526 235 76 1,517

2,181 559 331 102 91 31 112 302 653

2,398 241 77 18 17 56 151 1,838

109 10 99

2,445 524 888 239 111 52 47 584

10,430 2,277 1,921 594 278 48 220 500 4,592

15,606 3,570 3,705 1,275 468 121 127 45 6,295

574 217 146 84 127

29 12 17

5,052 2,224 1,633 379 73 160 125 458

21,261 6,023 5,501 1,738 541 281 379 45 6,753

23,412 9,925 5,832 2,606 834 759 -1,071 355 763 3,409

999,316

1,022,728

270,201

280,126

207,1*60

213,292

98,170

100,776

1*6,1*70

1*7,304.

30,939

31,698

31,156

30,085

10,920

11,275

10,61*2

11,1*05

293,358

296,767

1,528,532

2,379,723

2,438,920

441,809

6,788,984

508,006

607,883

699,181

95,050

1,910,120

359,660

515,775

515,637

85,541

1,476,613

156,390

237,221

249,368

40,755

683,734

66,841

111,818

117,204

20,858

316,721

38,830

68,529

69,836

12,270

189,465

26,177

54,481

52,899

14,506

148,063

11,178

23,502

26,956

5,047

66,683

18,870

21,017

32,298

5,791

77,976

342,580

739,497

675,541

161,991

1,919,609

2,793,289

2,900,343

5,693,632

71,766

1,023,586

6,788,984

908,577

712,641

1,621,218

9,639

279,263

1,910,120

659,425

594,533

1,253,958

10,225

212,430

1,476,613

275,524

303,947

579,471

3,956

100,307

683,734

116,233

149,387

265,620

2,975

48,126

316,721

63,801

92,675

156,476

1,714

31,275

189,465

48,634

62,678

111,312

5,590

31,161

148,063

19,986

34,872

54.858

848

10,977

66,683

35,676

29,715

65,391

1,555

11,030

77,976

665,433

919,895

1,585,328

35,264

299,017

1,919,609

1 Asset and liability items are averages of end-of-month figures.

NO TE: M inus(-) indicates deficit deduction from profits, or net decrease in total capital account

EARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED qq

Table 137. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT

M em b ers o f th e F e d e r a l R e serv e System , C a le n d a r Y e a r 1936

All

banks

Banks in centers with—

1

banking

office

2

banking

offices

3

banking

offices

4

banking

offices

5

banking

offices

6

banking

offices

7

banking

offices

8

banking

offices

9 or more

banking

offices

Number of banks.................................................... 7,460 4,752 1,613 402 173 80 66 27 25 322

A m o u n ts per $100 of gross earnings

C urrent operating earnings:

$50.70

29.44

11.59

8.27

100.00

$55.39

27.10

13.16

4.35

100.00

$52.41

31.03

10.11

6.45

100.00

$52.78

30.60

8.99

7.63

100.00

$53.02

30.48

9.43

7.07

100.00

$54.79

29.98

8.14

7.09

100.00

$44.39

31.98

11.14

12.49

100.00

$55.74

27.81

9.24

7.21

100.00

$56.34

20.83

15.76

7.07

100.00

$43.38

30.20

12.61

13.81

100.00

Interest and dividends on securities........................

Commissions, fees, and collection, exchange and

Other current operating earnings..............................

G ross current operating ea rn in gs.................

C urrent operating expenses:

Interest on time and savings deposits.....................

Interest and discount on borrowings.......................

Salaries wages, and fees. ........................................

$21.09

.35

26.89

4.77

4.53

14.30

71.93

$19.41

.22

27.50

4.39

3.53

14.98

70.03

$21.36

.15

26.31

4.86

4.02

13.90

70.60

$23.48

.16

24.99

4.87

4.30

13.46

71.26

$22.48

.34

26.17

5.28

4.20

13.86

72.33

$27.59

.18

23.06

5.24

3.62

13.36

73.05

$20.65

2.68

26.13

5.38

4.59

14.91

74.34

$24.95

.04

28.13

4.62

5.49

13.68

76.91

$17.56

.27

28.84

4.91

5.00

17.26

73.84

$20.99

.57

27.72

4.88

6.09

14.21

74.46

Taxes (other than on income)....................................

Other expenses of occupancy and maintenance

of banking quarters....................................................

Other current operating expenses..............................

T otal current operating expenses.................

N et current operating earn in gs............................... $28.07 $29.97 $29.40 $28.74 $27.67 $26.95 $25.66 $23.09 $26.16 $25.54

A m o u n ts per $100 of total assets1

C urrent operating earnings:

Interest and discount on loans................................... $ 2.14

1.24

.49

.35

4.22

$ 2.40

1.17

.57

.19

4.33

$ 2.17

1.29

.42

.27

4.15

$ 2.14

1.24

.37

.31

4.06

$ 2.14

1.23

.38

.28

4.03

$ 2.20

1.20

.33

.29

4.02

$ 1.79

1.29

.45

.50

4.03

$ 2.39

1.19

.40

.31

4.29

$ 2.37

.88

.66

.30

4.21

$ 1.87

1.30

.54

.59

4.30

Interest and dividends on securities........................

Commissions, fees, and collection, exchange and

service charges............................................................

Other current operating earnings. ..........................

Gross current operating earn in gs.................

C urrent operating expenses:

Interest on time and savings deposits.....................

Interest and discount on borrowings.......................

Salaries wages and fees...............................................

$ 0.89

.02

1.14

.20

.19

.60

3.04

$ 0.84

.01

1.19

.19

.15

.65

3.03

$ 0.88

.01

1.09

.20

.17

.58

2.93

$ 0.95

.01

1.01

.20

.17

.55

2.89

$ 0.91

.01

1.06

.21

.17

.56

2.92

$ 1.11

.01

.93

.21

.14

.54

2.94

$ 0.83

.11

1.05

.22

.19

.60

3.00

$ 1.07 $ 0.74

.01

1.21

.21

.21

.73

3.11

$ 0.90

.03

1.19

.21

.26

.61

3.20

1.20

.20

.24

.59

3.30

Taxes (other than on income)....................................

Other expenses of occupancy and maintenance

of banking quarters ..................................................

Other current operating expenses..............................

T ota l current operating expenses.................

Net current operating earn in gs............................... $ 1.18 $ 1.30 $ 1.22 $ 1.17 $ 1.11 $ 1.08 $ 1.03 $ 0.99 $ 1.10 $ 1.10

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Recoveries, profits on securities, e tc.........................

Losses and depreciation on assets..............................

N et profits b efore in co m e taxes an d dividends

Income taxes, Federal and State................................

N et profits after in co m e taxes................

.............

Cash dividends declared................................................

N et profits after d ivid en d s ................................

Other additions to total capital account..................

Other deductions from total capital account..........

N et ch an ge in tota l ca p ita l a c c o u n t...................

Total capital account, December 31, 1935..................

Total capital account, December 31, 1936...................

A m ou n ts per $100 o f tota l capital a cco u n t1 

N et cu rren t operatin g ea rn in g s ............................

Recoveries, profits on securities, etc..........................

Losses and depreciation on assets..............................

N et profits before in co m e taxes and dividends

Income taxes, Federal and State................................

N et profits after in com e taxes...............................

Cash dividends declared...............................................

N et profits a fter d iv id e n d s ..............................

Other additions to total capital account...............

Other deductions from total capital account........

N et ch an ge in tota l ca p ital a cco u n t. ...............

Special ratios 

Interest and discount on loans per $100 of total

loans1 .............................................................................

Interest and dividends on securities per $100 of

total securities1............................................................

Profits on securities per $100 of total securities1 .. 

Interest on time deposits per $100 of time deposits 

of individuals, partnerships, and corporations1..

Losses on loans per $100 of total loans1.....................

Losses on securities per $100 of total securities1 . .

M on th ly average o f assets and liabilities per 

$100 o f to ta l assets:1

ASSETS

Cash and due from banks.........................................

Securities.......................................................................

Loans..............................................................................

Miscellaneous assets..................................................

T ota l a ssets...........................................................

LIABILITIES A N D CAPITAL

Demand deposits..............................................

.

Time deposits..........................................................

T o ta l d ep osits .......................................................

Miscellaneous liabilities........................................

Total capital account.................................................

T otal liabilities an d capital a c c o u n t........

$ 1.08 

1.37 

.89 

.03 

.86 

.35 

.51

.15 

.31 

.35

14.72

15.07

7.86

7.19

9.12

5.93

.24

5.69

2.35

3.34

1.02

2.07

2.29

3.55

1.50

2.09

1.69

.93

$22.51

35.05

35.93

6.51

100.00

$41.14

42.72

83.86

1.06

15.08

100.00

$ 0.90 

1.09 

1.11 

.05 

1.06 

.35 

.71 

.12 

.31 

.52

14.14

14-66

8.87

6.18

7.47

7.58

.31

7.27

2.38

4.89

.82

2.16

3.55

$ 6.55

3.69

1.49

2.25

1.41

.84

$26.60

31.82

36.60

4.98

100.00

$47.57

37.31

84.88

.50

14.62

100.00

$ 0.96 

1.18 

1.00 

.03 

.97 

.33 

.64

.13 

.37 

.40

14-05

1445

8.47

6.67

8.17

6.97

.23

6.74 

2.31 

4.43

.90

2.59

2.74

6.22

3.68

1.52

2.20

1.52

.94

$24.36

34.93

34.92

5.79

100.00

$44.66

40.26

84.92

.69

14.39

100.00

$ 1.00 

1.26 

.91

.03 

.88 

.33 

.55

.08 

.25 

.38 

14.36

14.74

$ 7.96 

6.80

8.59 

6.17

.17

6.00

2.26

3.74

.59

1.73

2.60

3.58

1.52

2.15

1.74

.82

$22.87

34.70

36.47

5.96

100.00

$40.30

44.45

84.75

.58

14.67

100.00

$ 1.02 

1.41 

.72 

.03 

.69 

.35 

.34

.09 

.17 

.26 

14-67

14-93

7.34

6.74

9.30

4.78

.21

4.57

2.29

2.28

.57

1.12

1.73

5.78

3.48

1.64

1.92

1.83

.92

$21.10

35.30

37.01

6.59

1 0 0 .0 0

$36.70

47.16

83.86

.94

15.20

100.00

$ 0.95 

1.16 

.87 

.02 

.85 

.33 

.52

.03 

.15 

.40

16.33

16.73

6.55

5.78

7.05

5.28

.15

5.13

1.96

3.17

.15

.90

2.42

5.97

3.33

1.65

2.27

1.45

1.04

$20.49

36.17

36.86

6.48

100.00

$33.67

48.92

82.59

.90

16.51

100.00

$ 1.20 

2.44 

-.21

.02

-.2 3

.38

-.61

.15

.26

-.7 2

21.04

20.32

$ 4.91

5.72

11.63

-1.00

.10

-1.10

1.83

-2.93

.70

1.21

-3.44

$ 5.01

3.50

1.53

1.97

3.75

1.39

$17.68

36.80

35.72

9.80

100.00

$32.85

42.33

75.18

3.78

21.04

100.00

2.66

2.61

1.04

.02

1.02

.42

.60

.07

.53

16.38

16.91

$ 6.01

16.18

15.87

6.32

.13

6.19

2.55

3.64

.41

3.23

5.91

3.38

2.76

2.04

1.72

2.01

$16.76

35.24

40.43

7.57

100.00

$29.97

52.30

82.27

1.27

16.46

100.00

0.72

1.17

.65

.05

.60

.27

.33

.64

.97

13.65

14-62

7.78

5.10

8.26

4.62

.33

4.29

1.91

2.38

4.53

6.91

$ 5.72

3.25

1.36

1.94

1.51

.74

$24.20

26.95

41.42

7.43

100.00

$45.75

38.11

83.86

1.99

14.15

100.00

$ 1.36 

1.75 

.71

.03

.68

.39

.29

.24

.35

.18

15.28

15.46

$ 7.06 

8.74 

11.23 

4.57 

.22 

4.35 

2.49 

1.86 

1.54 

2.26 

1.14

5.31

3.37

1.43

1.89

1.95

.97

$17.85

38.52

35.19

8.44

100.00

$34.67

47.92

82.59

1.84

15.57

100.00 00

1 Asset and liability items are averages of end-of-month figures.

NO TE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS

Table 138. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS OF INSURED COMMERCIAL BANKS NOT MEMBERS

of th e F ederal R eser ve Syst e m , Calen d ar Y ear 1936

All

Banks with net current 

operating de ficits per 

$100 of total assets o f-1

Banks with net current operating earnings per $100 of total assets of— 1

$0.51 

and over

$0.50 

or less

$0.50 

or less

$0.51 

to $1.00

$1.01 

to $1.50

$1.51 

to $2.00

$2.01 

to $2.50

$2.51 

to $3.00

$3.01 

and over

Number of banks............................................... 7,460 41 166 893 1,865 2,146 1,293 596 250 210

C urrent operatin g earnings:

Interest and discount on loans................................ 145,412 316 1,594

(In

13,815

i thousands < 

34,562

Df dollars) 

49,185 23,357 12,763 4,896 4,924

Interest and dividends on securities...................... 84,419 185 1,178 8,920 22,765 30,879 13,479 4,687 1,789 537

Commissions, fees, and collection, exchange and 

service charges....................................................... 33,251 97 443 3,310 8,422 9,253 5,448 3,013 1,817 1 448

Other current operating earnings........................... 23,706 86 262 6,126 5,646 6,042 2,356 1,726 1,080 382

G ross cu rren t operatin g e a rn in g s ........... 286,788 684 3,477 32,171 71,395 95,359 44,640 22,189 9,582 7,291

C urren t op eratin g expenses:

Interest on time and savings deposits................... 60,486

|

| 128 1,009 6,756 16,626 22,959 8,065 3,362 866 715

Interest and discount on borrowings..................... 1,016 l 45 50 494 113 152 72 54 7 29

Salaries, wages, and fees........................................... 77,101 i 336 1,353 11,564 20,418 23,029 10,707 5,306 2,504 1,884

Taxes (other than on incom e)................................. 13.684 72 269 1,974 3,837 4,219 1,811 827 412 263

Other expenses of occupancy and maintenance of 

banking quarters..................................................... 13,004 55 277 2,115 3,953 3,585 1,562 741 353 363

Other current operating expenses........................... 41,004 233 715 6,167 10,854 12,176

66.120

5,659 2,970 1,187 1,043

T otal cu rren t op eratin g expen ses. . . . . 206,295 869 3,673 29,070 55,801 27,876 13,260 5,329 4,297

N et cu rren t op eratin g ea rn in g s ............................ 80,493 -185 -196 3,101 15,594 29,239 16,764 8,929 4,253 2,994

Profits o n assets sold or exchanged, recoveries 

and redu ction s in valuation allow ances: 

Profits on securities sold or exchanged................... 35,764 190 610 5,408 11,473 10,952 4,647 1,785 490 209

Profits on other assets sold or exchanged............. 1,516 8 22 221 420 527 193 74 17 34

Recoveries and reductions in valuation allowances

15,514 54 200 1,870 3,158 6,153 1,886 1,365 320 508

Recoveries and reductions in valuation allowances 

on securities.............................................................. 14,309 4 148 3,261 3,320 4,876 1,970 439 196 95

All other recoveries and reductions in valuation 

allowances................................................................ 6,438 208 97 1,862 1,021 1,643 802 620 82 103

T ota l profits o n assets sold, recoveries, 

e tc ...................................................................... 73,541 464 1,077 12,622 19,392 24,151 9,498 4,283 1,105 949

Net earnings, profits and recoveries o n assets, 

etc .............................................................................. 154,034 279 881 15,723 34,986 53,390 26,262 13,212 5,358 3,943

Losses, ch arge-offs, and a ddition s to valuation 

a llow an ces:

41,300 353 413 5,031 13.043 12,179 5,585 2,660 1,132 904

22,188 29 296 2,591 6,884 6,677 3,708 1,558 323 122

All other losses, charge-offs, and additions to 

valuation allowances....................................... . 29,860 122 268 7,020 6,696 9,190 3,222 1,984 865 493

T otal losses, ch arge-olfs, e tc ...................... 93,348 504 977 14,642 26,623 28,046 12,515 6,202 2,320 1,519

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Cash dividends declared and interest paid on 

ca p ita l:

Dividends declared and interest paid on preferred

capital.......................................................................

Dividends declared on common capital.................

T otal cash dividends declared and in ­

terest paid o n c a p ita l.............................

N et profits after d ivid en d s ......................................

O ther addition s to capital a cco u n t:

Preferred capital sold (par va lu e).........................

Common capital sold (par value)..........................

Premiums on new capital sold................................

Deposits waived and subordinated........................

Assessments and other contributions....................

T otal oth er a dditions to capital accou n t

O ther d eductions fro m capital a ccou n t:

Preferred capital retired (par value).....................

Common capital retired (par value).....................

Premiums on preferred capital retired...................

Payments to depositors on waived or subordinated claims.........................................................

T otal oth er d ed u ction s fro m capital 

a c c o u n t ..........................................................

Net ch an ge in to ta l cap ital a ccou n t for 

p e r io d .......................................................................

Total capital account, December 31, 1935..................

Total capital account, December 31, 1936..................

M on th ly average o f assets and liab ilities:1

ASSETS

Cash and due from banks........................................

Securities......................................................................

Loans.............................................................................

Miscellaneous assets.................................................

T otal a ssets........................................................

LIABILITIES AND CAPITAL

Demand deposits........................................................

Time deposits.......................... ...................................

T otal d e p o sits ..................................................

Miscellaneous liabilities............................................

Total capital account................................................

T otal liabilities and capital a ccou n t. ..

Net profits before income taxes and dividends

Income taxes, Federal and State.......................

Net profits after income taxes............................

60,686

2,416

58,270

-225

2

-227

-96

12

-108

1,081

104

977

8,363

355

8,008

25,344

617

24,727

13,747

450

13,297

7,010

327

6,683

3,038

303

2,735

2,424

246

2,178

7,061 13 80 579 2,234 2,556 1,026 392 103 78

16,966 11 97 1,071 3,065 5,899 3,206 1,731 1,136 750

24,027 24 177 1,650 5,299 8,455 4,232 2,123 1,239 828

34,243 -251 -285 -673 2,709 16,272 9.065 4,560 1,496 1,350

3,297 56 399 1,403 544 149 669 37 40

2,181

2,398

109

188 36

8

163

58

3

348

1,545

99

873

337

4

283

74

239

371

51

5

3

2,445 71 243 368 351 554 192 513 18 135

10,430 259 343 991 3,746 2,312 698 1,792 55 234

15,606

574

29

141

22

1,659

108

4,833

58

18

5,165

97

1,604

74

1,643

11

145

25

416

190

5,052 18 417 995 1,806 1,272 433 72 39

21,261 181 2,184 5,904 7,068 2,950 2,087 242 645

23,412 8 -123 -1,866 551 11,516 6,813 4,265 1,309 939

999,316 5,581, 17,088 136,697 270,k32 312,898 11*5,565 58,006 3k,539 18,507

1,022,728 5,592 16,965 13 U,831 270,983 92k MU 152,378 62,271 35,8k8 19,kk6

1,528,532 5,276 31,160 225,040 453,854 463,600 213,077 83,331 36,694 16,500

2,379,723 5,474 36,729 281,278 662,265 871,838 343,268 119,035 47,591 12,245

2,438,920 6,508 30,033 271,190 636,145 840,645 361,050

46,667

177,820 65,518 50,011

441,809 2,238 7,879 86,840 134,932 129,923 19,201 9,537 4,592

6,788,984 19,496 105,801 864,348 1,887,196 2,306,006 964,062 399,387 159,340 83,348

2,793,289 6,988 39,359 380,135 806,629 843,837 439,392 167,769 81,142 28,038

2,900,343 5,916 48,159 326,715 793,971 1,125,310 367,309 161,575 38,878 32,510

5,693,632 12,904 87,518 706,850 1,600,600 1,969,147 806,701 329,344 120,020 60,548

71,766 1,125 1,499 19,250 12,723 15,234 6,243 8,039 3,845 3,808

1,023,586 5,467 16,784 138,248 273,873 321,625 151,118 62,004 35,475 18,992

6,788,984 19,496 105,801 864,348 1,887,196 2,306,006 964,062 399,387 159,340 83,348

1 Asset and liability items are averages of end-of-month figures.

N OTE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EARNINGS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS

Table 139. EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT

M em b ers o f th e F e d e r a l R e serv e System , C a le n d a r Y e a r 1936

All

banks

Banks with net current 

operating deficits per 

$100 of total assets o f-1

Banks with net current operating earnings per $100 of total assets of— 1

$0.51 

and over

$0.50 

or less

$0.50 

or less

$0.51 

to $1.00

$1.01 

to $1.50

$1.51 

to $2.00

$2.01 

to $2.50

$2.51 

to $3.00

$3.01 

and over

Number of banks............................................... 7,460 41 166 893 1,865 2,146 1,293 596 250 210

A m ou n ts per $100 o f gross earnings 

C urren t operatin g earnings:

Interest and discount on loans................................ $50.70 $46.20 $45.84 $42.94 $48.41 $51.58 $52.32 $57.52 $51.10 $67.54

Interest and dividends on securities...................... 29.44 27.05 33.88 27.73 31.89 32.38 30.19 21.12 18.67 7.37

Commissions, fees, and collection, exchange and 

service charges......................................................... 11.59 14.18 12.74 10.29 11.80 9.70 12.21 13.58 18.96 19.86

Other current operating earnings............................ 8.27 12.57 7.54 19.04 7.90 6.34 5.28 7.78 11.27 5.23

G ross cu rren t op eratin g ea rn in g s ............... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

C urren t operatin g expenses:

Interest on time and savings deposits................... $21.09 $18.71 $29.02 $21.00 $23.29 $24.08 $18.07 $15.15 $ 9.04 $ 9.81

Interest and discount on borrowings..................... .35 6.58 1.44 1.54 .16 .16 .16 .24 .07 .40

Salaries, wages, and fees...........................................

Taxes (other than on incom e).................................

26.89 49.12 38.91 35.95 28.60 24.15 23.99 23.91 26.13 25.84

4.77 10.53 7.74 6.14 5.37 4.42 4.06 3.73 4.30 3.61

Other expenses of occupancy and maintenance 

of banking quarters............................................... 4.53 8.04 7.97 6.57 5.54 3.76 3.50 3.34 3.68 4.98

Other current operating expenses........................... 14.30 34.07 20.56 19.16 15.20 12.77 12.67 13.39 12.39 14.30

T otal cu rren t operatin g expen ses............... 71.93 127.05 105.64 90.36 78.16 69.34 62.45 59.76 55.61 58.94

Net cu rren t op eratin g ea rn in g s ............................ $28.07 $-27.05 $-5.64 $ 9.64 $21.84 $30.66 $37.55 $40.24 $44.39 $41.06

A m ou n ts per $100 o f tota l assets1 

C urrent operatin g earnings:

Interest and discount on loans................................ $ 2.14 $ 1.62 $ 1.51 $ 1.60 $ 1.83 $ 2.14 $ 2.42 $ 3.20 $ 3.07 $ 5.91

Interest and dividends on securities...................... 1.24 .95 1.11 1.03 1.20 1.34 1.40 1.17 1.12 .64

Commissions, fees, and collection, exchange and 

service charges......................................................... .49 .50 .42 .38 .45 .40 .57 .75 1.14 1.74

Other current operating earnings........................... .35 .44 .25 .71 .30 .26 .24 .43 .68 .46

Gross cu rren t operatin g e a rn in g s ............... 4.22 3.51 3.29 3.72 3.78 4.14 4.63 5.55 6.01 8.75

C urren t operatin g expenses:

Interest on time and savings deposits................... $ 0.89 $ 0.66 $ 0.95 $ 0.78 $ 0.88 $ 1.00 $ 0.84 $ 0.84 $ 0.54 $ 0.86

Interest and discount on borrowings..................... .02 .23 .05 .06 .01 .01 .01 .01 .03

Salaries, wages, and fees........................................... 1.14 1.72 1.28 1.34 1.08 1.00 1.11 1.33 1.57 2.26

Taxes (other than on incom e)................................. .20 .37 .25 .23 .20 .18 .19 .21 .26 .32

Other expenses of occupancy and maintenance 

of banking quarters................................................ .19 .28 .26 .24 .21 .15 .16 .19 .22 .44

Other current operating expenses........................... .60 1.20 .68 .71 .58 .53 .58 .73 .75 1.25

T o ta l cu rren t operatin g exp en ses................ 3.04 4.46 3.47 3.36 2.96 2.87 2.89 3.31 3.34 5.16

N et cu rren t operatin g e a rn in g s ............................ $ 1.18 $-0.95 $-0.18 $ 0.36 $ 0.82 $ 1.27 $ 1.74 $ 2.24 $ 2.67 $ 3.59

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Recoveries, profits on securities, etc.......................... $ 1.08 $ 2.39 $ 1.02 $ 1.46 $ 1.03 $ 1.05 $ 0.99 $ 1.07 $ 0.70 $ 1.14

Losses and depreciation on assets.............................. 1.37 2.59 .93 1.69 1.41 1.22 1.30 1.55 1.46 1.82

N et profits b efore in com e taxes an d dividends .89 -1.15 -.09 .13 .44 1.10 1.43 1.76 1.91 2.91

Income taxes, Federal and State................................ .03 .01 .01 .02 .02 .03 .05 .08 .19 .30

N et profits after in com e taxes............................... .86 -1.16 -.10 .11 .42 1.07 1.38 1.68 1.72 2.61

Cash dividends declared............................................... .35 .12 .17 .19 .28 .36 .44 .53 .78 .99

Net profits after divid en d s...................................... .51 -1.28 -.27 -.08 .14 .71 .94 1.15 .94 1.62

Other additions to total capital account.................. .15 1.33 .32 .11 .20 .10 .07 .44 .03 .28

.31 .17 .25 .31 .31 .30 .52 .15 .77

Net ch an ge in tota l capital a c c o u n t.................. .35 .05 -.12 -.22 .03 .50 .71 1.07 .82 1.13

Total capital account, December 31, 1935................... 1U.72 28.64. 16.15 15.82 lk .33 13.57 15.10 lk .52 21.68 22.20

Total capital account, December 31, 1936................... 15.07 28.69 16.03 15.60 lk-36 1U-07 15.81 15.59 22.50 23.33

A m ou n ts per $100 o f tota l cap ital a cco u n t1

N et cu rren t operatin g e a rn in g s............................ $ 7.86 $-3.39 $-1.17 $ 2.24 $ 5.69 $ 9.09 $11.09 $14.40 $11.98 $15.76

Recoveries, profits on securities, etc.......................... 7.19 8.49 6.42 9.13 7.08 7.50 6.29 6.91 3.12 5.00

Losses and depreciation on assets.............................. 9.12 9.22 5.82 10.59 9.72 8.72 8.28 10.00 6.54 8.00

Net profits b efore in com e taxes and dividends 5.93 -4.12 -.57 .78 3.05 7.87 9.10 11.31 8.56 12.76

Income taxes, Federal and State................................ .24 .03 .07 .08 .13 .19 .30 .53 .85 1.29

N et profits after in com e taxes............................... 5.69 -4.15 -.64 .70 2.92 7.68 8.80 10.78 7.71 11.47

Cash dividends declared............................................... 2.35 .44 1.05 1.19 1.93 2.63 2.80 3.42 3.49 4.36

Net profits after d ividen ds...................................... 3.34 -4.59 -1.69 -.49 .99 5.05 6.00 7.36 4.22 7.11

Other additions to total capital account.................. 1.02 4.74 2.04 .72 1.37 .72 .46 2.89 .16 1.23

2.07 1.08 1.58 2.16 2.19 1.95 3.37 .69 3.40

N et ch an ge in tota l ca p ita l a c c o u n t................... 2.29 .15 -.73 -1.35 .20 3.58 4.51 6.88 3.69 4.94

Special ratios

Interest and discount on loans per $100 of total

loans1 ............................................................................ $ 5.96 $ 4.86 $ 5.31 $ 5.09 $ 5.43 $ 5.85 $ 6.47 $ 7.18 $ 7.47 $ 9.85

Interest and dividends on securities per $100 of

total securities1........................................................... 3.55 3.38 3.21 3.17 3.44 3.54 3.93 3.94 3.76 4.39

Profits on securities per $100 of total securities1 .. 1.50 3.47 1.66 1.92 1.73 1.26 1.35 1.50 1.03 1.71

Interest on time deposits per $100 of time deposits

of individuals, partnerships, and corporations1. . 2.09 2.16 2.10 2.07 2.09 2.04 2.20 2.08 2.23 2.20

Losses on loans per $100 of total loans1.................... 1.69 5.42 1.38 1.86 2.05 1.45 1.55 1.50 1.73 1.81

Losses on securities per $100 of total securities1 .. .93 .53 .81 .92 1.04 .77 1.08 1.31 .68 1.00

M on th ly average o f assets and liabilities per

$100 o f total a ssets:1

a s s e t s

Cash and due from banks........................................ $22.51 $27.06 $29.45 $26.04 $24.05 $20.10 $22.10 $20.86 $23.03 $19.80

Securities....................................................................... 35.05 28.08 34.72 32.54 35.09 37.81 35.61 29.81 29.87 14.69

Loans............................................................................. 35.93 33.38 28.39 31.38 33.71 36.45 37.45 44.52 41.12 60.00

Miscellaneous assets................................................. 6.51 11.48 7.44 10.04 7.15 5.64 4.84 4.81 5.98 5.51

T otal assets........................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

LIABILITIES AND CAPITAL

Demand deposits........................................................ $41.14 $35.84 $37.20 $43.98 $42.74 $36.59 $45.58 $42.00 $50.92 $33.64

Time deposits.............................................................. 42.72 30.35 45.52 37.80 42.07 48.80 38.10 40.46 24.40 39.01

T otal d ep osits...................................................... 83.86 66.19 82.72 81.78 84.81 85.39 83.68 82.46 75.32 72.65

Miscellaneous liabilities............................................. 1.06 5.77 1.42 2.23 .68 .66 .65 2.01 2.41 4.57

Total capital account................................................. 15.08 28.04 15.86 15.99 14.51 13.95 15.67 15.53 22.27 22.78

T otal liabilities and ca p ita l a c c o u n t........ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

1 Asset and liability items are averages of end-of-month figures.

NOTE: Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

EARNINGS OP INSURED COMMERCIAL BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
NUMBER OF BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS, 00

AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED, AND NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED ^

Table 140. NET CURRENT OPERATING EARNINGS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE

F ed eral R eser ve System , Cale n d a r Y e a r 1936

All

banks

Banks with net current 

operating deficits per 

$100 of total assets of— 1

Banks with net current operating earnings per $100 of total assets of— 1

$0.51

and

over

$0.50

or

less

$0.50

or

less

$0.51

to

$1.00

$1.01

to

$1.50

$1.51

to

$2.00

$2.01

to

$2.50

$2.51

to

$3.00

$3.01

and

over

All b a n k s ................................................................................. 7,460 41 166 893 1,865 2,146 1,293 596 250 210

Banks w ith m on th ly average deposits o f— 1

$100,000 and under............................................................ 741 11 33 126 145 153 96 82 42 53

$100,000 to $250,000.......................................................... 2,327 16 47 284 513 615 432 226 103 91

$250,000 to $500,000.......................................................... 1,998 5 40 212 520 605 359 156 59 42

$500,000 to $1,000,000...................................................... 1,238 6 22 137 341 385 217 80 31 19

$1,000,000 to $2,000,000.................................................. 701 3 16 85 202 225 127 32 9 2

$2,000,000 to $5,000,000.................................................. 332 8 33 102 123 48 13 3 2

$5,000,000 to $10,000,000................................................ 76 8 26 26 9 4 2 1

$10,000,000 to $50,000,000.............................................. 43 6 16 12 5 3 1

Over $50,000,000................................................................. 4 2 2

Banks in centers w ith p op u lation (1930) o f—

Under 250.............................................................................. 710 3 22 113 174 179 121 50 30 18

250 to 500.............................................................................. 1,392 8 28 178 325 399 241 123 46 44

500 to 1,000.......................................................................... 1,633 9 23 175 419 458 304 144 59 42

1,000 to 2,500....................................................................... 1,533 7 25 162 351 461 280 146 59 42

2,500 to 5,000....................................................................... 709 4 23 84 181 205 124 53 20 15

5,000 to 10,000..................................................................... 488 1 12 41 137 159 89 29 10 10

10,000 to 25,000................................................................... 372 2 8 37 114 125 51 21 7 7

25,000 to 50,000................................................................... 169 6 26 45 54 27 3 5 3

50,000 and o v e r ................................................................... 454 7 19 77 119 106 56 27 14 29

Banks in centers w ith—

1 banking office.................................................................... 4,752 25 85 534 1,131 1,364 861 433 182 137

2 banking offices.................................................................. 1,613 10 37 209 447 451 277 114 42 26

3 banking offices.................................................................. 402 14 50 98 142 61 16 6 15

4 banking offices.................................................................. 173 10 18 48 46 32 8 6 5

5 banking offices................................................................... 80 3 7 25 32 9 4

6 banking offices.................................................................. 66 2 3 10 18 17 8 1 3 4

7 banking offices.................................................................. 27 1 4 7 8 o 2 1 2

8 banking offices................................................................... 25 3 7 3 5 1 1 3 2

9 or more banking offices.................................................. 322 4 10 54 88 81 42 21 7 15

1 Asset and liability items are averages of end-of-month figures.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 141. N et P rofits BEFORE DIVIDENDS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE

F e d er al R eserve Sy st e m , Ca le n d a r Y e a r 1936

NUMBER OF BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET PROFITS ON TOTAL ASSETS,

AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED, AND NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED

All

banks

Banks with net losses before dividends per $100 of total assets of— 1 Banks with net profits before dividends per 

$100 of total assets of— 1

$3.01

and

over

$3.00

to

$2.51

$2.50

to

$2.01

$2.00

to

$1.51

$1.50

to

$1.01

$1.00

to

$0.51

$0.50

or

less

$0.50

or

less

$0.51

to

$1.00

$1.01

to

$1.50

$1.51

to

$2.00

$2.01

and

over

All b a n k s ........................................................................... 7,460 114 25 52 64 105 169 517 1,382 1,662 1,447 896 1,027

Banks w ith m o n th ly average deposits of— 1

$100,000 and under............................................................ 741 25 6 10 15 22 34 106 170 118 103 51 81

$100,000 to $250,000......................................................... 2,327 39 6 17 19 33 60 171 441 473 439 290 339

$250,000 to $500,000................................................ 1,998 18 3 13 17 19 35 124 334 459 419 270 287

$500,000 to $1,000,000...................................................... 1,238 10 5 8 4 16 16 61 217 297 260 157 187

$1,000,000 to $2,000,000.................................................. 701 14 3 3 5 5 15 32 134 192 137 84 77

$2,000,000 to $5,000,000................................................ 332 5 2 1 4 8 7 20 63 87 65 33 37

$5,000,000 to $10,000,000................................................ 76 1 1 1 2 15 24 12 7 13

$10,000,000 to $50,000,000............................................. 43 2 1 1 1 g 12 10 3 5

Over $50,000,000. ............................................................. 4 2 1 1

Banks in cen ters w ith p op u la tion (1930) o f—

Under 250............................................................................ 710 13 3 8 6 16 25 68 141 160 127 71 72

250 to 500................. .............................................. ............ 1,392 22 4 6 20 21 45 118 274 290 268 156 168

500 to 1,000......................................................................... 1,633 28 3 15 15 19 38 113 286 353 327 201 235

1,000 to 2,500...................................................................... 1,533 15 5 11 7 18 15 102 275 335 292 211 247

2,500 to 5,000...................................................................... 709 6 2 1 2 14 13 38 142 165 132 91 103

5,000 to 10,000.................................................................. 488 12 4 6 5 3 9 24 70 118 108 64 65

10,000 to 25,000.................................................................. 372 2 1 2 4 4 11 24 68 95 76 37 48

25,000 to 50,000................................................................ 169 5 1 1 3 2 9 35 39 37 18 19

50,000 and o v e r .............................................................. 454 11 2 3 4 7 11 21 91 107 80 47 70

B anks in cen ters w ith —

1 banking office......................................................... . . . 4,752 58 11 34 39 62 111 357 856 1,031 935 583 675

2 banking offices.................................................................. 1,613 32 7 12 13 27 32 102 308 368 311 195 206

3 banking offices................................................................. 402 9 2 3 7 2 6 16 82 101 78 47 49

4 banking offices................................................................ 173 2 2 2 5 4 11 39 41 26 17 24

5 banking offices.................................................................. 80 5 10 13 17 20 6 9

6 banking offices................................................................ 66 5 1 1 2 2 9 13 16 8 9

7 banking offices................................................................ 27 1 2 3 11 3 4 3

8 banking offices.................................................................. 25 2 9 7 2 3 2

9 or more banking offices................................................ 322 8 ! 1 3 2 7 i i 15 63 73 56 33 50

lAsset and liability items are averages of end-of-month figures.

EARNINGS OP INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
NUMBER OF BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS AND NET PROFITS ON TOTAL ASSETS, ^

AND BY SIGNIFICANT BALANCE SHEET RATIOS 00

Ta b le 142. N E T C URREN T OPERATING EARNINGS OF INSURED COMMERCIAL BANKS NOT M EM BERS OF TH E FED ERA L

R eser ve Syste m , Ca len d a r Y ea r 1936

All

banks

Banks with net current 

operating deficits per 

$100 of total assets of 1

Banks with net current operating earnings per $100 of total assets of— 1

$0.51 and 

over

$0.50 or 

less

$0.50 or 

less

$0.51 to 

$1.00

$1.01 to 

$1.50

$1.51 to 

$2.00

$2.01 to 

$2.50

$2.51 to 

$3.00

$3.01 and 

over

All b a tik s......... ................................................................ 7,460

114

41 166 893 1,865

29

2,146 1,293 596 250 210

Banks with n et losses before dividends per 

$100 o f total assets o f— 1

3 10 34 24 8 1 5

$3.00 to $2.51................................................................... 25 2 3 9 7 1 2 1

$2.50 to $2.01....................................................................... 52 1 4 11 15 12 6 1 2

$2.00 to $1.51....................................................................... 64 3 5 12 21 12 6 3 1 1

$1.50 to $1.01....................................................................... 105 3 6 17 31 23 15 3 7

$1.00 to $0.51....................................................................... 169 7 12 33 47 29 22 10 5 4

$0.50 or less........................................................................... 517 8 46 102 144 116 59 22 11 9

Banks w ith n et profits before dividends per 

$100 o f total assets o f— 1 

$0.50 or less.......................................................................... 1,382

1.662

7 45 354 429 316 154 54 12 11

$0.51 to $1.00....................................................................... 2 22 188 606 512 219 70 30 13

$1.01 to $1.50....................................................................... 1,447

896

2 11 76 293 604 307 107 31 16

$1.51 to $2.00....................................................................... 2 2 30 135 271 265 126 44 21

$2.01 and over...................................................................... 1,027

303

3 1 33 106 220 231 197 104 132

Banks w ith ratio of cash and due from banks 

to total assets o f— 1 

Less than 10 percent............................................. ............ 1 5 26 50 97 67 24 6 27

10 to 20 percent................................................................... 2,057

2,269

6 38 197 525 648 391 155 57 40

20 to 30 percent................................................................... 15 43 261 545 678 389 193 81 64

30 to 40 percent....................................... ........................... 1,539

830

11 28 197 387 405 273 132 64 42

40 to 50 percent................................................................... 6 20 123 245 211 111 59 33 22

50 to 60 percent................................................................... 316 1 22 55 80 80 40 22 7 9

60 to 70 percent................................................................... 100 1 6 21 25 19 16 6 2 4

70 to 80 percent .............................................................. 34 2 9 7 4 5 5 2

80 to 90 percent 6 1 3 2

90 to 100 percent 5 1 1 2 1

100 percent 1 1

Banks w ith ratio o f securities to total assets 

o f— 1

Less than 10 percent.......................................................... 1,095 12 27 127 209 235 187 136 69 93

10 to 20 percent................................................................. 1,485 7 40 175 334 399 274 145 59 52

20 to 30 Dercent............................................. ................ 1,527 6 34 199 367 436 263 137 46 39

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
30 to 40 percent..................................................................

40 to 50 percent....................................... ...........................

50 to 60 percent..................................................................

60 to 70 percent..................................................................

70 to 80 percent..................................................................

80 to 90 percent..................................................................

Banks w ith ratio o f loans to tota l assets of— 1

Less than 10 percent..........................................................

10 to 20 percent..................................................................

20 to 30 percent..................................................................

30 to 40 percent..................................................................

40 to 50 percent..................................................................

50 to 60 percent..................................................................

60 to 70 percent..................................................................

70 to 80 percent..................................................................

80 to 90 percent..................................................................

90 to 100 percent................................................................

Banks w ith ratio o f total capital a ccou n t to 

total assets o f— 1

Less than 10 percent......................................................

10 to 20 percent..............................................................

20 to 30 percent..............................................................

30 to 40 percent..............................................................

40 to 50 percent..............................................................

50 to 60 percent..............................................................

60 to 70 percent..............................................................

70 to 80 percent..............................................................

80 to 90 percent..............................................................

B anks w ith ratio o f dem an d to total deposits 

o f— 1

Less than 10 percent......................................................

10 to 20 percent..............................................................

20 to 30 percent..............................................................

30 to 40 percent..............................................................

40 to 50 percent..............................................................

50 to 60 percent..............................................................

60 to 70 percent..............................................................

70 to 80 percent..............................................................

80 to 90 percent..............................................................

90 to 100 percent............................................................

100 percent.......................................................................

1,485 8 25 151 408 464 271 91 53 14

1,058 5 19 124 325 340 174 46 16 9

572 1 15 90 145 196 88 31 5 1

184 2 4 19 58 63 24 10 2 2

51 2 8 19 12 10

3 1 2

106 3 10 21 32 20 17 2 1

598 5 27 124 186 161 63 22 7 3

1,432 7 36 227 427 420 203 74 25 13

2,018 9 40 226 556 607 345 140 48 47

1,692 9 20 168 377 526 322 153 79 38

1,033 7 25 79 202 275 222 125 56 42

414 1 4 40 71 108 88 53 23 26

127 4 8 13 23 28 21 9 21

34 1 6 5 6 3 13

6 6

1,002 2 21 161 325 271 145 51 20 6

4,638 16 85 500 1,200 1,436 823 355 133 90

1,443 10 46 185 282 373 263 145 69 70

301 9 11 38 44 60 50 39 24 26

50 4 1 5 11 3 9 6 3 8

15 2 2 2 2 1 1 5

7 1 1 1 1 3

3 1 2

1 1

93 1 2 8 9 27 8 9 5 24

130 1 2 11 33 46 31 3 2 1

445 2 16 58 147 142 62 14 3 1

880 4 18 132 276 274 126 34 12 4

1,160 7 35 162 336 363 167 70 9 11

1,179 7 18 167 315 342 202 73 38 17

1,108 6 27 114 264 333 202 105 33 24

1,085 4 18 98 247 293 236 113 43 33

746 4 15 71 137 193 155 86 48 37

399 3 12 46 61 88 62 62 36 29

235 2 3 26 40 45 42 27 21 29 00

CO

1Asset and liability items are averages of end-of-month figures,

EARNINGS OP INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUSPENSIONS, RECEIVERSHIPS AND MERGERS

Table 143. NUM BER AND DEPOSITS OF BANKS SUSPENDING OPERATIONS, 1934-1936

GROUPED BY YEAR, BY CLASS OF BANK, BY AMOUNT OF DEPOSITS, AND BY STATES

United States— total.

Calendar Year

193 4 

193 5 

193 6 

Banks with deposits o f-

$100,000 and under...............

$100,000 to $250,000.............

$250,000 to $500,000.............

$500,000 to $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 $50,000,000. 

Over $50,000,000...................

State

California. . . 

Connecticut. 

Georgia.

Illinois.........

Indiana. . . .

Iow a.........

Kansas. .. 

Kentucky. 

Louisiana. 

Michigan..

Minnesota. . 

Mississippi.. 

Missouri. . . . 

Montana. . . 

Nebraska. ..

Number

Total

135

1

1

5

3 

22

1

6

4 

2 

2

1

2

26

1

4

Insured banks

Total

76

Members F. R. 

System

National State

Not 

members 

F. R. 

System

70

822

40

*33

23

6

4

4

1

3

4 

2 

1

1

2

15

Noninsured

banks2

59

48

8

3

23

16

14

1

3

2

Deposits (in thousands of dollars)1

Total

58,095

36,937

9,852

11,306

3,183

6,330

7,673

4,310

5,107

14,376

17,116

84

1,050

521

377

4,204

155

468 

224

1,406

107

73

153

3,744

40

469

Insured banks

Total

21,671

1,952

9,005

10,714

1,852

3,989

2,660

3,568

5,107

4,495

1,050

487

236

2,218

155

238

224

1,406

59

73

153

1,917

40

194

Members F. R. 

System

National

5,810

40

5,263

507

40

194

574

507

4,495

40

194

State

Not 

members 

F. R. 

System

15,861

1,912

*3,742

10,207

*1,812

3,795

2,086

3,061

5,107

1,050

487

236

2,218

155

238

224

1,406

59

73

153

1,917

Noninsured

banks2

36,424

34,985

847

592

1,331

2,341

5,013

9,881

17,116

84

" " 3 4 ' 

141 

1,986

230

“ '48'

' 1,827' 

’ ’ 275’

190 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
New Jersey. . . 

New York. . .. 

North Dakota.

O hio.................

Oklahoma. . . .

Pennsylvania.. 

South Carolina 

South D akota. 

Tennessee. . . . 

Texas................

Virginia...........

W isconsin. . . .

3 8

2

23,883

7,059

46

1,769

1 46

1 3 2,858 2,136

83 1 572 561

1 1 5,667 5,557

1 1 305 136

2 641 641

4 154 154

5 1 984 556

2 780 313

6 4 2,071 1,352

261

4,495 

* ''5 0 7 ‘

313

1,769 22,114

7,059

46

1,875 722

3561 11

1,062 110

136 169

134

154

556 428

467

1,352 719

1 Deposits of insured banks are as of date of suspension; deposits of noninsured banks are as of latest report date prior to date of suspension. 

3 Excludes noninsured banks operating under restrictions which were placed in receivership or liquidation.

3 Includes 1 bank with deposits of $85,000 which was reopened as an insured bank.

SUSPENSIONS, RECEIVERSHIPS AND MERGERS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b le 144. NUMBER AND DEPOSITS OF BANKS SUSPENDING OPERATIONS, 1936

GROUPED BY CLASS OF BANK, BY AMOUNT OF DEPOSITS, AND BY STATES

Number Deposits (in thousands of dollars)1

Insured banks Insured banks

Total

Total

Members F. R. 

System

Not 

members 

F. R.

System

Noninsured

banks2

Total

Total

Members F. R. 

System

N ot 

members 

F. R.

System

Noninsured

banks2

National State National State

44 41 1 40 3 11,306 10,714 507 10,207 592

B anks w ith deposits o f— 1

nn nnn anr] iimHpf 21 20 20 1 1,091 1,042 1,042 49

$100 000 to $250 000 11 10 10 1 1,677 1,562 1,562 115

$250 000 to $500 000 6 5 5 1 2,213 1,785 1,785 428

Oftft to 000 000 3 3 1 2 2,280 2,280

4,045

507 1,773

$1 000 000 to $2 000 000 3 3 3 4,045 4,045

$5 000 000 to $10 000 000

$10 000 000 to $50 000 000

State

Connecticut 1 1 1 1,050 1,050 1,050

IndiEn& 7 7 7 2,149

155

2,149 2,149

1 1 1 155 155

K&ns^s • .................................. 2 1 1 1 170 55 55 115

XT on fnplnr 2 2 2 128 128 128

Louisiana • • ,, , 2 2 2 1,406 1,406

153

1,406

2 2 2 153 153

A/Tiaarmri 14 13 13 1 1,547 1,498 1,498 49

\Tot« Torcjpv 1 1 1 1,120 1,120 1,120

XTArfli 1 1 1 46 46 46

Ohio 1 1 1 1,875 1,875 1,875

South Dakota 3 3 1 2 641 641 507 134

T6nn6ss66 4 4 4 154 154 154

3 2 2 1 712 284 284 428

1 Deposits of insured banks are as of date of suspension; deposits of noninsured banks are as of latest report date prior to date of suspension.

2 Excludes 12 noninsured banks with deposits of $7,172,000 operating under restrictions which were placed in receivership or liquidation.

192 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T ab le 145. INSURED BANKS PLACED IN RECEIVERSHIP, 1936

Designating

number

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60 

61 

62

63

64

65

66

67

68

69

70

71

72

73

74 

77

Name and location

Class

of

bank1

Year of 

organization

Date of 

suspension

Date of first payment 

to depositors 

by FDIC

Receiver

Citizens Bank of Erwin, Erwin, Tennessee.................................

Central State Bank of Sherman, Sherman, Texas......................

Peoples Bank, Cole Camp, Missouri............................................

Merchants and Farmers Bank, Starkville, Mississippi..............

Columbia State Bank, Columbia City, Indiana........................

The Bank of High Hill, High Hill, Missouri..............................

Farmers Bank of Leonard, Leonard, Missouri...........................

Farmers & Merchants Bank, Adams, Tennessee........ ..............

Peoples Bank, Franklinton, Kentucky........................................

Farmers and Merchants Bank of Linn, Linn, Missouri...........

Benjamin State Bank, Benjamin, Texas.....................................

Farmers State Bank, Amherst, South Dakota...........................

The Earl Park State Bank, Earl Park, Indiana........................

Clifton State Bank, Clifton, Tennessee.......................................

Leland Cooperative Bank, Leland, Iowa....................................

Bank of Holcomb, Holcomb, Mississippi....................................

Cross Plains Bank, Cross Plains, Tennessee................................

Hardin Bank, Hardin, Kentucky..................................................

Farmers & Merchants Bank, Revillo, South Dakota...............

Guaranty Bond State Bank, Miles, Texas.................................

Growers Exchange Bank, St. Joseph, Missouri.........................

Ford City State Bank, Ford City, Missouri...............................

Farmers Bank of New Truxton, New Truxton, Missouri.

West Monroe State Bank, West Monroe, Louisiana................

Holton State Bank, Holton, Indiana...........................................

Community Bank, Smithton, Missouri.......................................

The Christian County Bank, Ozark, Missouri...........................

Farmers State Bank, Densmore, Kansas....................................

D ’Auria Bank & Trust Company, Newark, New Jersey.........

The East Hampton Bank & Trust Co., East Hampton, Conn

Bank of Magnolia, Magnolia, Missouri.......................................

Cumberland Bank, Cumberland, Indiana...................................

Commercial Bank of Stanberry, Stanberry, Missouri..............

The Wellsville Bank, Wellsville, Missouri..................................

Farmers State Bank, Tindall, Missouri.......................................

DeSoto Bank and Trust Company, Mansfield, Louisiana.

The Union Bank, Uhrichsville, Ohio............................................

The Union State Bank, Crothersville, Indiana..........................

Citizens State Bank, Palmyra, Indiana.......................................

Scottsburg State Bank, Scottsburg, Indiana..............................

The First State Bank of Lignite, Lignite, North Dakota. . . . 

The First National Bank of Centerville, Centerville, S. D .. . .

C

C

C

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

c

A

1931

1918 

1906

1908

1923

1904

1906 

1930 

1911

1913 

1929

1907 

1926 

1929 

1929

1914 

1907

1905

1924 

1923 

1923

1914

1909

1907 

1901

1919 

1886 

1909 

1892

1915

1905

1908 

1894 

1880 

1904 

1933 

1874 

1923

1906 

1900

1907 

1898

January 10, 1936 

December 31, 1935 

February 5, 1936 

February 17, 1936 

February 18, 1936 

February 20, 1936 

February 27, 1936 

February 29, 1936 

March 2, 1936 

March 5, 1936 

March 18, 1936 

March 18, 1936 

March 28, 1936 

March 27, 1936 

March 31, 1936 

March 31, 1936 

April 10, 1936 

April 18, 1936 

April 21, 1936 

April 23, 1936 

May 9, 1936 

May 13, 1936 

May 14, 1936 

May 23, 1936 

May 28, 1936 

June 5, 1936 

June 5, 1936 

July 10, 1936 

July 15, 1936 

July 16, 1936 

August 14, 1936 

August 14, 1936 

August 31, 1936 

September 12, 1936 

September 17, 1936 

October 9, 1936 

October 27, 1936 

December 7, 1936 

December 5, 1936 

December 5, 1936 

December 12, 1936 

December 18, 1936

January 21, 1936 

March 6, 1936 

March 20, 1936 

February 28, 1936 

March 6, 1936 

March 5, 1936 

March 9, 1936 

March 9, 1936 

March 21, 1936 

March 19, 1936 

March 31, 1936 

March 30, 1936 

April 14, 1936 

April 10, 1936 

April 17, 1936 

April 13, 1936 

April 22, 1936 

M ay 4, 1936 

M ay 6, 1936 

May 11, 1936 

May 23, 1936 

May 26, 1936 

May 27, 1936 

June 29, 1936 

June 13, 1936 

June 19, 1936 

June 22, 1936 

July 18, 1936 

July 30, 1936 

July 29, 1936 

August 25, 1936 

August 27, 1936 

September 14, 1936 

September 25, 1936 

September 28, 1936 

November 10, 1936 

November 2, 1936 

December 18, 1936 

December 18, 1936 

December 18, 1936 

December 18, 1936 

January 5, 1937

State banking authority 

State banking authority 

State banking authority 

FDIC

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

FDIC

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

FDIC 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

State banking authority 

FDIC 

FDIC 

State banking authority 

State banking authority 

State banking authority 

FDIC 

FDIC

1 A— National bank member of the Federal Reserve System; B— State bank member of the Federal Reserve System; C— Bank not member of the Federal Reserve System. 

N OTE: Banks designated by numbers 75 and 76 had not been placed in receivership on December 31, 1936.

SUSPENSIONS, RECEIVERSHIPS AND MERGERS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Designating

number

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

Table 146. ASSETS OF INSURED B a n k s PLACED IN RECEIVERSHIP, 1934-1936

AS SHOWN BY BOOKS OF BANKS AT DATES OF SUSPENSION

Name and location

T otal, 1934-1936 (75 b a n k s ).................................................

T otal, 1934 (9 b a n k s)............................................................

T otal, 1935 (24 b a n k s)..........................................................

T otal, 1936 (42 b a n k s).........................................................

1936

Citizens Bank of Erwin, Erwin, Tennessee.........................

Central State Bank of Sherman, Sherman, Texas.............

Peoples Bank, Cole Camp, Missouri....................................

Merchants and Farmers Bank, Starkville, Mississippi. ..

Columbia State Bank, Columbia City, Indiana................

The Bank of High Hill, High Hill, Missouri......................

Farmers Bank of Leonard, Leonard, Missouri...................

Farmers & Merchants Bank, Adams, Tennessee...............

Peoples Bank, Franklinton, K entucky................................

Farmers and Merchants Bank of Linn, Linn, Missouri. .

Benjamin State Bank, Benjamin, Texas.............................

Farmers State Bank, Amherst, South Dakota...................

The Earl Park State Bank, Earl Park, Indiana................

Clifton State Bank, Clifton, Tennessee................................

Leland Cooperative Bank, Leland, Iow a............................

Bank of H olcom b, Holcomb, Mississippi............................

Cross Plains Bank, Cross Plains, Tennessee.......................

Hardin Bank, Hardin, Kentucky...........................................

Farmers & Merchants Bank, Revillo, South Dakota. . ..

Guaranty Bond State Bank, Miles, Texas. . . ; .................

Growers Exchange Bank, St. Joseph, Missouri.................

Ford City State Bank, Ford City, Missouri.......................

Farmers Bank of New Truxton, New Truxton, Missouri

West Monroe State Bank, West Monroe, Louisiana........

Holton State Bank, Holton, Indiana....................................

Community Bank, Smithton, Missouri................................

The Christian County Bank, Ozark, Missouri...................

Total

assets

$27,911,485

2,661,327

12,323,948

12,926,210

158,803

311,755

185,622

213,386

905,687

105,928

69,420

13,997

92,974

227.574

253^832

56,390

181,196

30,266

149,997

22,719

50,433

71,765

128,016

202,205

53,119

61,907

70,968

520,175

203,641

75,286

338,541

Cash and 

due from 

banks

United

States

Government

securities

$4,357,949

185,056

1,974,181

2,198,712

6,515

67,480

11,033

7,145

219,731

11,543

17,655

1,390

6,578

23,815

88,529

616

20,175

9,914

16,652

4,884

12,060

767

8,151

52,074

19,199

15,805

16,393

115,858

8,397

21,464

112,229

$2,149,622

603,519

698,440

847,663

121,325

18,700

100

9,628

5,000

1,100

3,700

600

3,000

25,296

13,675

250

11,225

Other

securities

$2,278,567

273,638

510,479

1,494,450

13,664

54,395

25,500

46,304

639

11,445

17,826

2,684

13,828

1,231

2,949

475

3,500

2,075

10,450

4,319

500

18,639

21,450

Loans, discounts, and 

overdrafts

Banking 

house, 

furniture 

and fixtures

$14,517,262

1,329,865

6,842,116

6,345,281

114,410

168,902

160,669

141,708

432,203

68,266

47,384

11,005

74,246

177,619

99,456

47,195

137,055

16,470

101,734

15,360

31,047

62,890

89,844

94,809

26,153

42,096

21,086

244,799

156,028

40,969

199,009

$998,120

79,365

459,055

459,700

13,099

12,860

8,000

25,442

25,000

2,285

4,200

1,602

2,788

6,560

9,100

3.500

4,835

500

1,700

2,000

3,826

1,600

8,325

12,660

6.500 

3,870

6,850

20,073

4,918

9,000

3,750

Other real 

estate

Other

assets

$1,097,467 $2,512,498

120,319

242,274

734,874

69,565

1,597,403

845,530

10,944

7,273

171

845

5,850

13,503

48,546

4,469

70

88

12,578

26

181

9,352

6,900

26,426

1,390

10

1,135

2,867

1,005

303

2,000 151

26,962

2,385

1,902

37,753

948

5,644

590

167

136

4,990

80,810

15,875

3,500

400

10

11,889

4,748

103

11,017

194 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
61 Farmers State Bank, Densmore, Kansas........................................

62 D ’Auria Bank & Trust Company, Newark, New Jersey............

63 The East Hampton Bank & Trust Co., East Hampton, Conn.,

64 Bank of Magnolia, Magnolia, Missouri......................................... .

65 Cumberland Bank, Cumberland, Indiana.....................................

66 Commercial Bank of Stanberry, Stanberry, Missouri................

67 The Wellsville Bank, Wellsville, Missouri.....................................

68 Farmers State Bank, Tindall, Missouri.........................................

69 DeSoto Bank and Trust Company, Mansfield, Louisiana:

70 The Union Bank, Uhrichsville, O hio..............................................

71 The Union State Bank, Crothersville, Indiana.............................

72 Citizens State Bank, Palmyra, Indiana.........................................

73 Scottsburg State Bank, Scottsburg, Indiana................................

74 The First State Bank of Lignite, Lignite, North Dakota......... .

77 The First National Bank of Centerville, Centerville, S. D ...........

79,834

1,245,408

1,232,955

70,114

87,405

172,652

325,295

69,818

1,168,561

1,906,223

247,595

350,405

562,837

82,525

568,981

10,731 215 58,810 1,900 8,046 132

324,080 27,069 310,957 248,284 33,807 288,713 12,498

96,040 45,378 219,240 737,727 75,000 41,576 17,994

25,321 1,975 40,544 2,243 31

3,545 11,300 .........1,032 61,769 5,300 ‘ ’ 4,452 7

67,160 5,000 81,626 6,500

13,645

11,300 1,066

30,554 40,000 12,288 199,398 28,600 810

14,048

209,423 53,087

583,023

52,901

270,139

619,471

2,084

14,410

29,573

785

621,502

376,900 29,725 34,471233,060

56,788 6,250 7,574 164,951 10,300 1,369 363

25,944 44,690 10,062 241,643 4,260 21,071 2,735

108,982 74,102 35,867 313,884 12,905

3,450

11,254 5,843

11,547 300 369 61,999

369,723

1,500 3,360

85,437 1,100 7,952 39,480 3,000 62,289

SO

CJTSUSPENSIONS, RECEIVERSHIPS AND MERGERS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Designating

number

84

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

T ab le 147. LIABILITIES OF INSURED BANKS PLACED IN RECEIVERSHIP, 1934-1936

AS SHOWN BY BOOKS OF BANKS AT DATES OF SUSPENSION

Name and location

Total

liabilities

Deposits 

secured and 

preferred

Other

secured

liabilities

Deposits 

not secured 

and not 

preferred

Other

unsecured

liabilities

RFC

capital

Private

capital

stock

Other

capital

accounts1

T otal, 1934-1936 (75 b a n k s ).................................................

T otal, 1934 (9 b a n k s)...........................................................

T otal, 1935 (24 b a n k s)..........................................................

T otal, 1936 (42 b a n k s).........................................................

1936

Citizens Bank of Erwin, Erwin, Tennessee.........................

Central State Bank of Sherman, Sherman, Texas.............

Peoples Bank, Cole Camp, Missouri....................................

Merchants and Farmers Bank, Starkville, Mississippi. ..

Columbia State Bank, Columbia City, Indiana................

The Bank of High Hill, High Hill, M issouri....................

Farmers Bank of Leonard, Leonard, Missouri...................

Farmers & Merchants Bank, Adams, Tennessee...............

Peoples Bank, Franklinton, Kentucky. . ........... ..

Farmers and Merchants Bank of Linn, Linn, Missouri. .

Benjamin State Bank, Benjamin, Texas.............................

Farmers State Bank, Amherst, South Dakota...................

The Earl Park State Bank, Earl Park, Indiana................

Clifton State Bank, Clifton, Tennessee................................

Leland Cooperative Bank, Leland, Iow a............................

Bank of Holcomb, Holcomb, Mississippi............................

Cross Plains Bank, Cross Plains, Tennessee......................

Hardin Bank, Hardin, K entucky..........................................

Farmers & Merchants Bank, Revillo, South Dakota. . ..

Guaranty Bond State Bank, Miles, Texas.........................

Growers Exchange Bank, St. Joseph, Missouri.................

Ford City State Bank, Ford City, Missouri.......................

Farmers Bank of New Truxton, New Truxton, Missouri

West Monroe State Bank, West Monroe, Louisiana........

Holton State Bank, Holton, Indiana....................................

Community Bank, Smithton, Missouri................................

The Christian County Bank, Ozark, Missouri...................

$27,911,485

2,661,327

12,323,948

12,926,210

158,803

311,755

185,622

213,386

905,687

105,928

69,420

13,997

92,974

227,574

253,832

56,390

181,196

30,266

149,997

22,719

50,433

71,765

128,016

202,205

53,119

61,907

70,968

520,175

203,641

75,286

338,541

$1,640,861

720,235

563,529

357,097

22,534

17.000

30.000 

55,682

13,416

3,836

11,000

$2,047,602

77,630

1,826,850

143,122

4,084

5,376

4,174

7,500

$19,945,054

1,231,757

8,136,956

10,576,341

72,509

219,058

126,241

112,482

721,427

85,314

51,478

5,088

74,565

197,222

167,520

41,392

133,800

22,470

155,038

11,373

31,515

52,640

78,476

103,054

43,489

49,831

53,001

410,372

171,484

49,556

296,755

$368,602

27,333

285,036

56,233

843

640

$1,101,000

290.000

2223,000

788.000

30.000

50.000

50.000

40.000

10.000 

7,500

15.000 

32,500

4,000

15.000

2,500

5,000

9,000

50,000

5,000

45.000

10.000 

5,000

25,000

$2,451,450

432,100

2950,000

1,069,350

25.000

50.000

25.000

15.000

60.000 

10,000

7,500

10,000

15.000

7.000

42.500

5.000

25.000

12.500

25.000

10.000

15.000

16.000 

20,000

50.000

10.000

5.000

12,000

50.000

15.000

20.000

10,000

$356,916

*82,272

338,577

—63,933

4,676

— 7,303

12,005

887

27,938

614

2,876

— 1,091

3,409

8,352

— 2,104

2,162

7,396

— 4,704

— 30,043

— 1,154

— 1,082

3,125

2,040

— 849

— 370

2,076

5,967

14,803

7,153

730

6,786

196 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
61

62

63

64

65

66

67

68

69

70

71

72

73

74 

77

Farmers State Bank, Densmore, Kansas............................................

D ’Auria Bank & Trust Company, Newark, New Jersey.................

The East Hampton Bank & Trust Co., East Hampton, Conn..

Bank of Magnolia, Magnolia, Missouri........................................... ’ .

Cumberland Bank, Cumberland, Indiana...............................!!!!!!

Commercial Bank of Stanberry, Stanberry, Missouri......................

The Wellsville Bank, Wellsville, Missouri..........................................

Farmers State Bank, Tindall, Missouri....................................... .. * ’ [

DeSoto Bank and Trust Company, Mansfield, Louisiana.. ! ! ! ! ! ! 

The Union Bank, Uhrichsville, O hio..........................................[ ’ ’ ’ ’

The Union State Bank, Crothersville, Indiana..................................

Citizens State Bank, Palmyra, Indiana....................................... ’ ’ ].

Scottsburg State Bank, Scottsburg, Indiana......................................

The First State Bank of Lignite, Lignite, North Dakota. ...!!!! 

The First National Bank of Centerville, Centerville, S. D................

79,834

1,245,408

1,232,955

70,114

87,405

172,652

325,295

69,818

1,168,561

1,906,223

247,595

350,405

562,837

82,525

568,981

40,000

163,629

6,000

10,328

105,660

54,519

1,119,578

1,050,372

57,648

71,213

128,186

250,440

51,772

996,361

1,711,484

207,194

296,805

491,370

45,605

506,644

8,628

13,374

497

116

22,907

9,156

10,000

100,000'

35.000

15.000 

7,500

io6,bob’

20.000

12.500

30.000

10.000

37.500

10,000

100,000

25.000

10.000

15,000

10,000

5,600

100,000

100,000

11,250

25.000

25.000

15.000

50.000

-685

6,874

44,209

2.466 

695

9.466 

9,855 

4,946

72,084

-297,457

9,151

16,100

16,467

2,764

-25,163

\ j£ec^ | s surplus’ undivided Profits, and reserve funds minus operating deficit, if any, as shown by books. Minus ( - ) indicates net operating deficit.

CDSUSPENSIONS, RECEIVERSHIPS AND MERGERS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 148. DEPOSITS OF INSURED BANKS PLACED IN RECEIVERSHIP, 1934-1936

REVISED TO DECEMBER 31, 1936

Designating

number

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

Name and location

T otal, 1934-1936 (75 b a n k s ).............................................

T ota l, 1934 (9 b a n k s)........................................................

T ota l, 1935 (24 b a n k s).....................................................

T otal, 1936 (42 b a n k s).....................................................

1936

Citizens Bank of Erwin, Erwin, Tennessee.....................

Central State Bank of Sherman, Sherman, Texas........

Peoples Bank, Cole Camp, Missouri...........................

Merchants and Farmers Bank, Starkville, Mississippi.

Columbia State Bank, Columbia City, Indiana............

The Bank of High Hill, High Hill, M issouri................

Farmers Bank of Leonard, Leonard, Missouri..............

Farmers & Merchants Bank, Adams, Tennessee..........

Peoples Bank, Franklinton, Kentucky. . ........... :••••;

Farmers and Merchants Bank of Linn, Linn, Missouri

Benjamin State Bank, Benjamin, Texas.........................

Farmers State Bank, Amherst, South D akota..............

The Earl Park State Bank, Earl Park, Indiana............

Clifton State Bank, Clifton, Tennessee...........................

Leland Cooperative Bank, Leland, Iow a........................

Bank of Holcomb, Holcom b, Mississippi........................

Cross Plains Bank, Cross Plains, Tennessee...................

Hardin Bank, Hardin, K entucky......................................

Farmers & Merchants Bank, Revillo, South Dakota. .

Guaranty Bond State Bank, Miles, Texas. .. ...............

Growers Exchange Bank, St. Joseph, Missouri.............

Ford City State Bank, Ford City, Missouri..................

Total1

$22,112,252

1,965,119

9,079,053

11,068,080

95,043

219,065

143,221

142,351

775,425

92,604

51,077

5,088

74,561

198,408

180,936

58,556

133,659

22,470

155,038

11,373

31,515

52,504

89,476

103,058

43,489

49,831

Insured*

$15,210,694

940,458

6,092,782

8,177,454

66,620

211,307

118.898

113,970

528,556

80,759

46.918

5,008

66,109

149.898

104,539

42,567

122,616

16,973

99,781

11,349

30,791

9,751

72.919

92,365

40,995

47,942

Secured and 

preferred

$1,697,152

755,533

463,106

478,513

11,478

11,000

25,000

56,184

3,836

4,824

2,505

7,088

Subject to 

offset

$1,222,119

95,058

550,282

576,779

5,591

7,758

5,118

3,381

69,339

4,858

4,007

80

5,362

11,721

6,956

3,337

6,593

673

17,780

24

724

1,220

9,469

10,693

2,494

1,889

Uninsured, 

unsecured, not 

preferred, and 

not subject 

to offset

$3,080,847

102,786

1,967,880

1,010,181

11,354

8,205

121,346

6,987

152

3,090

36,789

69,441

8,816

4,450

34,972

Restricted 

and deferred 

deposits 

uninsured

$901,440

71,284

5,003

825,153

41,533

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74 

77

Farmers Bank of New Truxton, New Traxton, Missouri.

West Monroe State Bank, West Monroe, Louisiana..........

Holton State Bank, Holton, Indiana......................................

Community Bank, Smithton, Missouri.................................

The Christian County Bank, Ozark, Missouri.....................

Farmers State Bank, Densmore, Kansas.......................................

D ’Auria Bank & Trust Company, Newark, New Jersey...........

The East Hampton Bank & Trust Co., East Hampton, Conn.,

Bank of Magnolia, Magnolia, Missouri.........................................

Cumberland Bank, Cumberland, Indiana.....................................

Commercial Bank of Stanberry, Stanberry, Missouri........

The Wellsville Bank, Wellsville, Missouri............................

Farmers State Bank, Tindall, Missouri.................................

DeSoto Bank and Trust Company, Mansfield, Louisiana. 

The Union Bank, Uhrichsville, O hio......................................

The Union State Bank, Crothersville, Indiana....................

Citizens State Bank, Palmyra, Indiana.................................

Scottsburg State Bank, Scottsburg, Indiana........................

The First State Bank of Lignite, Lignite, North Dakota. 

The First National Bank of Centerville, Centerville, S. D..

53,001 50,809

410,373 329,125

171,264 154,365

49,556 46,259

296,755 256,807

54,522 46,578

1,118,258 1,010,827

1,050,371 876,441

57,631 54,046

71,265 68,521

128,185 120,841

290,440 234,710

51,772 46,289

996,234 200,136

1,991,760 1,452,259

207,184 142,554

297,328 220,016

491,359 333,909

45,605 38,504

506,469 413,827

40,000

264,229

48,869

3,500

2,192

29,459

8,741

3,297

15,350

3,578

25,698

48,124

3,585

2,744

7,344

15,147

4,675

14,066

118,057

18,968

19,428:

28,310

1,249

27,700

SI,78ft 

8,158

24,598

4,3«6

81,733-

125,806

583

808

3,637

157,215

45,662

57,884

80,271

627

61,442

778,395

5,225

1 The amount of deposits given in Table 148 does not agree with the amount shown in Table 147 due to the inclusion in Table 14& of deposits subsequently discovered 

or reclassified.

1 Exclusive of insured portions of secured or preferred deposits.

SUSPENSIONS, RECEIVERSHIPS AND MERGERS 199

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esig

itin

mb'

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

t o

T ab le 149. PAYMENTS TO DEPOSITORS OF INSURED BANKS PLACED IN RECEIVERSHIP, 1934-1936 §

Name and location

Number of depositors

Total

Paid by 

FDIC

Fully paid 

by offset1 Unpaid

Insured deposits

Total Paid2 Unpaid

T otal, 1934-1936 (75 b a n k s).................................................

T otal, 1934 (9 b a n k s)...........................................................

T otal, 1935 (24 b an k s).........................................................

T otal, 1936 (42 b a n k s).........................................................

1936

Citizens Bank of Erwin, Erwin, Tennessee.........................

Central State Bank of Sherman, Sherman, Texas.............

Peoples Bank, Cole Camp, Missouri....................................

Merchants and Farmers Bank, Starkville, Mississippi. ..

Columbia State Bank, Columbia City, Indiana................

The Bank of High Hill, High Hill, Missouri......................

Farmers Bank of Leonard, Leonard, Missouri...................

Farmers & Merchants Bank, Adams, Tennessee...............

Peoples Bank, Franklinton, Kentucky..................

Farmers and Merchants Bank of Linn, Linn, Missouri. .

Benjamin State Bank, Benjamin, Texas.............................

Farmers State Bank, Amherst, South D akota...................

The Earl Park State Bank, Earl Park, Indiana................

Clifton State Bank, Clifton, Tennessee...............................

Leland Cooperative Bank, Leland, Iow a............................

Bank of Holcomb, Holcomb, Mississippi............................

Cross Plains Bank, Cross Plains, Tennessee.......................

Hardin Bank, Hardin, K entucky..........................................

Farmers & Merchants Bank, Revillo, South Dakota. . ..

Guaranty Bond State Bank, Miles, Texas.........................

Growers Exchange Bank, St. Joseph, Missouri.................

Ford City State Bank, Ford City, Missouri.......................

Farmers Bank of New Truxton, New Truxton, Missouri

West Monroe State Bank, West Monroe, Louisiana........

Holton State Bank, Holton, Indiana....................................

Community Bank, Smithton, Missouri................................

The Christian County Bank, Ozark, Missouri...................

88,912

15,525

*31,678

41,709

1,913

1,537

603

735

2,868

424

407

76

377

895

816

256

401

158

467

52

229

183

440

1,461

362

185

230 

1,816

701

61,908

11,197

22,633

28,078

683

1,368

469

522

2,362

346

308

56

238

674

435

200

350

95

244

31

125

339

647

231

129

182

1,522

495

288

608

7,324

907

2,485

3,932

101

116

115

63

405

59

95

17

73

138

127

34

50

42

157

1

21

21

71

163

62

44

153

156

74

100

19,680

3,421

6,560

9,699

1,129

53

19

150

101

19

4

254

22

1

21

66

20

83

79

30

651

69

18

4

141

50

23

86

$15,210,694

*940,458

*6,092,782

8,177,454

66,620

211,307

118.898 

113,970 

528,556

80,759

46.918

5,008

66,109

149.898 

104,539

42,567

122,616

16,973

99,781

11,349

30,791

9,751

72.919 

92,365 

40,995 

47,942

50,809

329,125

154,365

46,259

256,807

$13,949,260

926,832

5,785,983

7,236,445

54,264

210,481

113,870

108,085

521,768

80,739

46,914

5,007

65,838

149,568

103,755

42,403

122,614

16,824

76,155

11,266

30,652

8,229

71,753

89,198

40,855

47,903

50,801

289,843

153,440

46,224

242,677

$1,261,434

13,626

306,799

941,009

12,356

826

5,028

5,885

6,788

20

4

1

271

330

784

164

2

149

23,626

83

139

1,522

1,166

3,167

140 

39

39,282

925

35

14,130

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
61 Farmers State Bank, Densmore, Kansas.....................................

62 D ’Auria Bank & Trust Company, Newark, New Jersey.........

63 The East Hampton Bank & Trust Co., East Hampton, Conn

64 Bank of Magnolia, Magnolia, Missouri.......................................

65 Cumberland Bank, Cumberland, Indiana...................................

66 Commercial Bank of Stanberry, Stanberry, Missouri..............

67 The Wellsville Bank, Wellsville, Missouri..................................

68 Farmers State Bank, Tindall, Missouri.......................................

69 DeSoto Bank and Trust Company, Mansfield, Louisiana. . . .

70 The Union Bank, Uhrichsville, Ohio............................................

71 The Union State Bank, Crothersville, Indiana..........................

72 Citizens State Bank, Palmyra, Indiana.......................................

73 Scottsburg State Bank, Scottsburg, Indiana..............................

74 The First State Bank of Lignite, Lignite, North Dakota. . . . 

77 The First National Bank of Centerville, Centerville, S. D .......

227 122 52 53 46,578 45,466 1,112

3,330 2,529 97 704 1,010,827 995,233 15,594

3,607 2,780 184 643 876,441 796,512 79,929

346 280 63 3 54,046 53,902 144

657 475 69 113 68,521 68,174 347

740 556 125 59 120,841 119,848 993

1,128 771 193 164 234,710 222,655 12,055

319 211 86 22 46,289 46,216 73

1,800 646 5 1,149 200,136 165,231 34,905

6,578 4,859 217 1,502 1,452,259 1,371,943 80,316

633 359 99 175 142,554 91,226 51,328

598 367 148 83 220,016 176,802 43,214

1,618 927 97 594 333,909 264,937 68,972

250 166 1 83 38,504 17,174 21,330

1,107 1,107 413,827 413,827

1 Includes all depositors whose claims have been fully paid by counterclaim, by sale of security, or directly by the receiver because of preferred status. 

a Includes payments made both by the Federal Deposit Insurance Corporation and by receivers.

* Revised. See note 1, Table 148.

SUSPENSIONS, RECEIVERSHIPS AND MERGERS 201

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T ab le 150. LOANS MADE TO AND ASSETS PURCHASED FROM BANKS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION

AUGUST 23, 1935, TO DECEMBER 31, 1936

Name and location of bank

Date of 

loan

Class

of

bank1

T otal (28 b a n k s).............................................................

E. P. Wilbur Trust Company

Bethlehem, Pennsylvania....................................... November 16, 1935 C

The First National Bank of Clinton

Clinton, Oklahoma................................................... February 4, 1936 A

The Ann Arbor Savings Bank

Ann Arbor, Michigan.............................................. February 17, 1936 C

Farmers & Mechanics Bank

Ann Arbor, Michigan.............................................. February 17, 1936 B

The First National Bank and Trust Company

Ann Arbor, Michigan.............................................. February 17, 1936 A

Citizens Bank of Bosworth

Bosworth, Missouri.................................................. March 19, 1936 C

The Farmers State Bank

Riley, Kansas............................................................ March 25, 1936 c

Donelson Bank & Trust Co.

Donelson, Tennessee................................................ March 26, 1936 c

Norborne Trust Company

Norborne, Missouri.................................................. April 24, 1936 c

Koshkonong State Bank

Koshkonong, Missouri............................................. May 25, 1936 c

The Peoples State Bank of Flat Rock

Flat Rock, Illinois.................................................... June 18, 1936 c

Central Bank and Trust Company

Newark, New Jersey................................................ June 29, 1936 c

The Walton Equitable Bank

Walton, Kentucky.................................................... July 6, 1936 c

The State Bank of Sarcoxie

Sarcoxie, Missouri.................................................... July 11, 1936 c

Durham State Bank

Durham, Missouri.................................................... August 24, 1936 c

The Security Bank

Kingfisher, Oklahoma.............................................. September 15, 1936 c

Number

of

accounts

Total

deposits

Loans made 

and assets 

purchased

Successor bank

58,582

12,324

$21,055,660

4,356,778

$9,593,480

2,862,650

Union Bank and Trust Company of Bethlehem2 

Bethlehem, Pennsylvania

1,250 436,611 52,347

First National Bank in Clinton* 

Clinton, Oklahoma

13,150

11,203

6,758,411

3,734,418

2,512,569

1,551,528

T Ann Arbor Savings and Commercial Bank3 

/ Ann Arbor, Michigan

3,707

293

1,729,263

79,569

729,944

19,533

)

The First National Bank of Bosworth 

Bosworth, Missouri

541 70,878 23,097

Riley State Bank 

Riley, Kansas

1,086 131,005 37,008

Bank of Donelson3 

Donelson, Tennessee

447 121,494 14,509

Citizens Bank

Norborne, Missouri

330 47,840 13,498

West Plains Bank 

West Plains, Missouri

218 61,365 42,292

Crawford County State Bank 

Robinson, Illinois

2,290 361,387 75,000

Columbus Trust Co. 

Newark, New Jersey

994 235,454 107,462

Dixie State Bank 

Walton, Kentucky

554 99,326 21,372

The First National Bank of Sarcoxie 

Sarcoxie, Missouri

644 124,184 11,248

Lewistown State Bank 

Lewistown, Missouri

1,084 149,073 25,060

The Peoples National Bank of Kingfisher 

Kingfisher, Oklahoma

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Stover Bank

Stover, Missouri........................................................ October 3, 1936 C 747 153,243 38,696

Bank of Cambria

Cambria, W isconsin............................................... December 1, 1936 C 925 317,062 203,497

The Brewster State Bank

Brewster, K ansas.................................................... December 7, 1936 C 780 74,937 28,651

Northern and Dakota Trust Company8

Fargo, North D akota.............................................. December 19, 1936 c 754 478,763 482,821

The First International Bank of Williston

Williston, North D akota........................................ December 19, 1936 c 2,106 762,675 269,366

First International Bank

Minot, North D akota............................................. December 19, 1936 c 1,062 360,340 238,245

Bank of Berthold

Berthold, North Dakota......................................... December 21, 1936 c 297 83,852 56,552

First State Bank

Coteau, North D akota............................................ December 21, 1936 c 118 43,344 30,100

First State Bank of Max

Max, North D akota................................................ December 21, 1936 c 620 100,343 59,463

First State Bank of Powers Lake

Powers Lake, North Dakota................................. December 21, 1936 c 500 76,001 23,076

The Cummings State Bank

Cummings, North D akota..................................... December 21, 1936 c 117 29,832 10,245

Reservation State Bank

Makoti, North Dakota........................................... December 21, 1936 c 441 78,212 53,651

1 A— National bank member of the Federal Reserve System; B— State bank member of the Federal Reserve System; C 

* Newly organized bank.

8 Continued in operation as a noninsured trust company not accepting deposits.

Farmers Bank of Stover 

Stover, Missouri 

The Cambria State Bank 

Cambria, Wisconsin

The Thomas County National Bank of Colby 

Colby, Kansas 

The Dakota National Bank of Fargo 

Fargo, North Dakota 

American State Bank of Williston*

Williston, North Dakota

^American State Bank of Minot* 

' Minot, North Dakota

State Bank of Shelley 

Shelley, Minnesota 

Peoples State Bank

Parshall, North Dakota

-Bank not member of the Federal Reserve System.

SUSPENSIONS, RECEIVERSHIPS AND MERGERS 203

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INDEX

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INDEX

Absorptions. See Mergers and consolidations. Pages

Accounts insured, May 13, 1936. See Number of accounts.

Actions of Federal Deposit Insurance Corporation. See Federal

Deposit Insurance Corporation.

Additional offices. See Number of branches or additional offices.

Administrative expenses of Federal Deposit Insurance Corporation....34, 35, 37

Admissions to insurance:

Applications approved and disapproved................................................. 20, 21

By class and character of bank.................................................20, 21, 22,102-04

Number during 1936............................................................................. 22, 47,102-04

Policy of Corporation regarding................................................................. 21-23

Advertising by insured banks, Regulation III and resolutions regarding..................................................................................................31, 82-86

Amendment of deposit insurance law..................................................................31-32, 81

Applications for reduction or retirement of capital obligations of

banks. See Capital of banks.

Applications of banks for admission to insurance. See Admissions to

insurance.

Assessments:

Adequacy of ................................................................................................ 28-29, 35, 38

Rate and amount................................................................................................... 34

Rules relating to payment by banks whose insured status has

terminated .................................................................................. 31, 92

Assets and liabilities of banks:

All commercial banks:

Changes during 1936............................................................................. 48-49

December 31, 1935, June 30, 1936, and December 31, 1936 134

Factors in growth of deposits and assets................................ 48-49

Insured commercial banks:

A t beginning and close of year........................................................ 48

Call dates, 1934-36..................................................................................136-38

December 31, 1935, June 30, 1936, and December 31, 1936 134

Insured commercial banks not members of the Federal Reserve

System :

Call dates, June 30, 1934, to December 31, 1936.................... 139-41

Grouped according to amount of deposits......142-47, 169,171, 173

Grouped by number of commercial banking offices in

center ......................................................................................... 179,181

Grouped by population of center in which located............. 175,177

Grouped by rate of net earnings on total assets..................183,185

Mutual savings banks......................................................................................... 60,135

Noninsured banks ..............................................................................................134,135

Assets and liabilities of the Federal Deposit Insurance Corporation.... 36

Assets, examiners’ analysis of, insured commercial banks not members

of the Federal Reserve System grouped by amount

of deposits and by States:

Appraised values: Loss, doubtful, slow, not criticized.................... 152-59

Ratios of loss and doubtful items to book values...................................160-61

Substandard assets................................................................... 19-20, 50 -5 1,15 2-59

Assets of banks purchased by Federal Deposit Insurance Corporation.

See Loans to insolvent insured banks.

Assumption of uninsured deposits.............................................................................. 29-30

Balance sheet of the Federal Deposit Insurance Corporation.................... 34, 36

Bank examinations. See Examinations of banks.

Banking developments, summary of........................................................................... 43-61

Banking offices, establishment of (see also Banks operating more than

one office; Banks beginning operations; Number

of banking offices).................................................................... 22-23

Banking practices (see also Unsafe and unsound banking practices).... 16-20

Bank management (see also Banking practices)...................................1 6 ,1 8 ,3 8 -3 9

207

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Page

Banks beginning operations......................................................................21-22, 45, 47, 102

Banks ceasing operations........................................................................ 24, 45, 47,102,104

Banks operating more than one office ( see also Number of branches or

additional offices; Number of operating banks;

Number of operating banking offices) :

Establishment of branches or additional offices:..................7, 43-45, 22-23

Applications approved or disapproved.......................................... 24, 25

Changes during 1936............................................................................. 45

Number of banks establishing branches grouped by class

of bank and by amount of total capital account........ 26

Policy of Corporation with regard to............................................ 25

Board of Directors of the Federal Deposit Insurance Corporation........ 6, 33

Board of Governors of the Federal Reserve System, review by Corporation of examinations of State banks members

of the Federal Reserve System made by.................... 8 ,1 3 ,14

Branch banks. See Banks operating more than one office.

Branches. See Banks operating more than one office; Number of

branches or additional offices.

Capital of banks ( see also Assets and liabilities of banks; Earnings,

expenses, and disposition of profits):

Changes during 1936.......................................................................................26-29, 51

Noninsured banks ..............................................................................................134,135

Policy of Corporation regarding..................................................... 22, 25, 27-29

Reductions and retirements approved by the Federal Deposit

Insurance Corporation ........................................................7, 26-27

Sound capital ...................................................................... 15, 27-29, 52 -5 5,14 8-51

Supplied by the Reconstruction Finance

Corporation ...................................................11, 26, 54-55, 162-63

Total capital account of insured commercial banks:

Call dates, June 30, 1934, to December 31, 1936.................... 136-38

Changes during 1936............................................................................. 51

December 31, 1935, to December 31, 1936................................... 134

Relation to deposits and assets................................................... 28, 51-52

Capital of the Federal Deposit Insurance Corporation................................... 36

Certificates of beneficial interest............................................................................... 27, 29

Changes during 1936 in number and deposits of operating banks.

See Deposits; Number of operating banks.

Chartering of banks............................................................................................................ 21, 23

Classification of banks and banking offices...................................................97-99,124

Closed banks. See Receivership, insured banks placed in; Suspensions.

Committee on standardization of call report forms....................................... 30

Commercial banks. See Assets and liabilities of banks; Capital of

banks; Deposits; Earnings, expenses, and disposition of profits; Number of operating banks.

Commercial banking offices. See Number of operating banking offices.

Common stock. See Capital of banks.

Comptroller of the Currency:

Chartering of national banks by.................................................................... 21

Director of Corporation.................................................................................... 6

Review by Corporation of examinations of insured national

banks made by...........................................................................8 ,1 3 ,1 4

Condition reports:

Committee on standardization of................................................................. 30

Publication of ....................................................................................................... 8,15

Required by Corporation.................................................................................. 8, 30

Consolidations and mergers. See Mergers and consolidations.

Credit institutions, competition among and supervision of........................... 23

Defalcation ............................................................................................................................. 16

Demand deposits. See Deposits.

Deposit insurance, participation in.............................................. 4 5 -4 7 ,1 0 5 -1 3 ,1 2 5 -2 7

Deposit insurance national banks................................................................................ 9, 98

Depositors. See Number of depositors.

Depositors’ claims against closed insured banks. See Receivership,

insured banks placed in.

208 FEDERAL DEPOSIT INSURANCE CORPORATION

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INDEX 209

Deposits: Pa^e

Assumption of by other banks.............................................................7, 29-30, 92

Classified by type of deposit...............................................................70-71, 72-73

Definition, for assessment purposes............................................................. 124

Demand:

Amount ( see also Assets and liabilities)................................ 71, 73, 74

Definition of .............................................................................................. 86

Prohibition of interest on.............................................................87-88, 90

Growth o f:

Between May 13, 1933, and May 13, 1936..................................... 75

During 1936 ..................................................................................46-47, 48-49

Insured. See Insured deposits.

Interbank ( see also Assets and liabilities)................................ 4 9 ,7 0 ,7 1 ,7 3

Interest on. See Interest.

Note regarding........................................................................................................ 124

Of all banks, 1936................................................................................................125-27

Of all commercial banks................................................................. 46, 128-31,134

Of all insured banks:

Daily average during 1936................................................................. 125-27

May 13, 1936.............................................................................................. 66

Of all mutual savings banks.................................................12 5-27,132-33,135

Of banks establishing branches during 1936............................................ 26

Of banks grouped by:

Amount of deposits (see also Assets and

liabilities) ............................................67, 76, 77,125 ,12 8-33,1 48

Class of bank..............................................................................................125-27

States and possessions.....................................69, 7 6 -7 7,12 6-33 ,148 -4 9

Of banks merged with aid of loans or purchase of assets by the

Corporation ...........................................................................10, 202-03

Of banks operating more than one office................................................... 125

Of insured banks in receivership.....................................8 -9 ,1 9 0 -9 2 ,1 9 8 -2 0 1

Of insured commercial banks:

Call dates, 1934-36.................................................................................. 137

Daily average during 1936................................................................. 125-31

December 31, 1935, June 30, 1936, and December 31, 1936.. 134

December 31, 1935, and December 31, 1936.........................46-47, 48

M ay 13, 1936.............................................................................................. 65-75

Of insured commercial banks not members of the Federal

Reserve System:

A t time of latest examination, 1936............................................ 148-49

Call dates, 1934-36.............................................. :..................................140-41

Daily average during 1936................................................................. 125-27

December 31, 1936, banks grouped by amount of

deposits ............................................................................. 143,145,147

May 13, 1936........................................................................................... 69

Of insured mutual savings banks:

Daily average during 1936.............................................. 125-27,132-33

December 31, 1935, June 30, 1936, and December 31, 1936.. 135

May 13, 1936.............................................................................................. 76-77

Of noninsured banks:

December 31, 1935, June 30, 1936, and December 31,

1936 ..............................................................................................134,135

December 31, 1936, banks grouped by class, type of office,

amount of deposits, and by States and possessions..125-33

Of suspended banks (see also Receivership, insured banks

placed in )............................................................................. 8 -9 ,1 9 0 -9 2

Of unit banks.......................................................................................................... 125

Paid and unpaid in closed insured banks..........................................8-9, 200-01

Payments of, to insured depositors. See Receivership, insured

banks placed in.

Postal savings deposits (see also Assets and liabilities).................. 71,73

Preferred and secured (see also Receivership, insured banks

placed in )......................................................................71-72,13 8,1 41

Public funds (see also Assets and liabilities)....................................... 71,73

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210 FEDERAL DEPOSIT INSURANCE CORPORATION

Deposits:— Continued, Page

Release of restricted deposits,...-.................................. ,........................... 29*

Reports of, as of May 13, 1936.................. ............................. ,.3 0 ,6 5 -7 7 ,9 3 -9 4

Savings and time deposits ;

Amount of ( see also Assets and liabilities ) ......................71, 7&, 74

Conditions of withdrawal of...,........ 89*

Definitions of .............................. ,....................................................... 86-47-

Interest paid on (see also Earnings, expenses, and disposition of profits)...................................................59

Loans on ...................................................................................................., 89

Regulation of interest on, and of conditions of withdrawal o f ....................................................................................... 88-91

Subject to offset. See Receivership, insured banks placed in.

Uninsured. See Uninsured deposits.

Disposition of profits. See Earnings, expenses, and disposition of

profits.

Dividends. See Earnings, expenses, and disposition of profits.

Dividends to depositors. See Receivership, insured banks placed in.

Dividends received by Corporation from closed insured banks.................. 13

Division of Examination. See Examinations of banks.

Doubtful assets. (See also Assets, examiners* analysis o f ) ....................... 49-50

Earnings, expenses, and disposition of profits:

Insured commercial banks................................................................. 55 -59,164-65

Insured commercial banks not members of the Federal Reserve

System, calendar years 1934, 1935, 1936.................... 166-67

Insured commercial banks not members of the Federal Reserve

System operating throughout entire year 1936:.... 57-59

Grouped according to number of commercial banking

offices in center in which located....................................... 178-81

Grouped according to population of center................................ 174-77

Grouped according to rate of net earnings on total assets.. 182-85

Grouped by amount of deposits..................................................... 168-73

Number of, grouped according to rate of net current

operating earnings, rate of net profits, amount of

deposits, population of center and number of commercial banking offices in center.....................................186-87

Number of, grouped according to rate of net current

operating earnings, rate of net profits, and by

significant balance sheet ratios....................................... 188-89

Insured mutual savings banks...................................................................... 60, 61

Reports of................................................................................................................. 30

Emblem of the Federal Deposit Insurance Corporation, approved for

advertising .................................................................................. 84

Employees, Federal Deposit Insurance Corporation.......................................... 33

Examination, Division of. See Examinations of banks.

Examinations of banks (see also Assets, examiners’ analysis o f; Capital of b an k s):

Cost of ........................................................................................................................ 35

In connection with loans to and purchase of assets of insured

banks .......................................................... ................................... 14

Number of, 1936..................................................................................................... 7,14

Policy and program.............................................................................................. 13-14

Purposes of.............................................................................................................. 14-16

Reports, revision of form of............................................................................. 14

Review of reports of examinations made by the Comptroller of

the Currency and Board of Governors of the

Federal Reserve System........................................................ 8,13

Examiners, appointment and duties......................................................................... 14,16

Expenses. See Earnings, expenses, and disposition of profits.

Expenses of the Federal Deposit Insurance Corporation.............................. 37

Failures. See Suspensions; Receivership, insured banks placed in.

Federal Deposit Insurance Corporation:

Actions by regarding:

Applications of banks for admission to insurance.................. 20

Assumption of deposit liabilities................................................... 29, 30

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Federal Deposit Insurance Corporation:— Continued. Page

Actions by regarding:— Continued.

Branch banking .................................................................................... 24

Capital of insured banks...............................................................15, 26-27

Loans and purchase of assets to facilitate mergers........... 12

Unsafe and unsound banking practices................................ 1 5 ,17-18

Balance sheet of..................................................................................................... 34, 36

Board of Directors of......................................................................................... 6, 33

Call upon insured banks for report of deposits as of May 13,

1936 .................................................................................... 3 0 ,6 5 ,9 3 -9 4

Capital and surplus of................................................................................35, 36, 37

Divisions and committees of........................................................................... 6, 33

Employees and officers of................................................................................ 33-34

Examinations of banks by................................................................................ 13-16

Functions of............................................................................................................ 7-8

Income and expenses of................................................................................34-35, 37

Investments of.......................................................................................................... 35, 36

Loan power, extension of............................................................................. 31-32, 81

Loans to insured banks by.............................................................9-12, 32, 202-03

Losses incurred ..................................................................................................... 10, 34

Officers and employees of.................................................................................. 33-34

Operations of .......................................................................................................... 7-39

Organization and staff of................................................................................6, 33-34

Payments to insured depositors by..........................................8, 35, 193, 200-01

Policies of .......................................................................................22-23, 25-26, 27-29

Powers of ................................................................................................................. 7-8

Purchase of assets of insolvent banks by..............................9-12, 32, 202-03

Receiver for insured banks, appointment as...................................12-13,193

Recoveries on subrogated claims by............................................................. 13, 35

Regulations and rulings of.........................................................................31, 82-92

Report to insured banks as of June 30, 1936, and December 31,

1936, by ......................................................................................... 35

Supervision of insured banks by.................................................................... 23

Federal Reserve Banks, review by corporation of examinations of State

banks members of the Federal Reserve System

made by.......................................................................................... 13,14

Insolvent banks (see also Loans to insured banks; Mergers and consolidations; Purchase of assets; Receivership, insured banks placed in; Suspensions)................................ 8-12

Insurance coverage. See Insured deposits.

Insurance of deposits, pamphlet entitled................................................................. 30, 65

Insured banks. See:

Admissions to insurance;

Advertising by insured banks;

Assets and liabilities of banks;

Assets, examiners’ analysis of;

Bank management;

Banking practices;

Banks operating more than one office;

Capital of banks;

Chartering of banks;

Classification of banks and banking offices;

Deposits;

Earnings, expenses, and disposition of profits;

Examinations of banks:

Loans to insolvent insured banks;

Mergers and consolidations;

Number of operating banking offices;

Number of operating banks;

Number of branches or additional offices;

Receivership, insured banks placed in;

Regulations and rulings;

Suspensions;

Terminations of insurance.

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Page

Insured banks placed in receivership. See Receivership, insured banks

placed in.

Insured commercial banks (see also Insured banks) :

Analysis of deposits of........................................................................................ 65-75

Developments during 1936 affecting............................................................ 45-59

Insured commercial banks not members of the Federal Reserve System

(see also Insured banks)..........................................49 -5 1 ,5 2 -5 9

Insured deposits (see also Insured banks; Number of accounts):

Amount of............................................................................ 7, 66-67, 69, 70-71, 74, 76

Maximum coverage for a depositor............................................................7, 65, 70

Of commercial banks by type of deposit................................................... 71

Of commercial banks grouped by:

Amount of deposits................................................................................. 67

Class of bank............................................................................................. 69

States and possessions........................................................................... 69

Of insolvent banks merged with aid of loans by Corporation...... 10

Of mutual savings banks................................................................................... 76-77

Of suspended banks...................................................................8, 9, 198-99, 200-01

Insured mutual savings banks ( see also Insured banks)..................60 -6 1 ,7 6 -7 7

Insured State banks members of the Federal Reserve System. See

Insured banks.

Interbank deposits. See Deposits.

Interest:

On deposits:

Rate of............................................................................................................ 59

Regulation of Corporation regarding............................................ 86-91

On loans and securities, rate of, 1934-36................................................... 59

Instructions for preparing Form 89, Summary of Deposits, May 13,

1936.................................................................................................... 93

Investments. See Assets and liabilities of banks; Unsafe and unsound

banking practices.

Investments of the Federal Deposit Insurance Corporation. See

Federal Deposit Insurance Corporation.

Law, deposit insurance, amendment of.................................................................31-32, 81

Law, State, regarding deposit insurance................................................................. 32-33

Liquidation, Division of.................................................................................................... 33

Liquidation, loans, and purchase of assets, committee on.............................. 33

Liquidations of banks. See Receivership, insured banks placed in.

Loans. See Assets and liabilities; Assets, examiners’ analysis; Unsafe

and unsound banking practices; Loans to insolvent

insured banks.

Loans and securities. See Assets and liabilities.

Loans to insolvent insured banks:

By Federal Deposit Insurance Corporation:

Amount of........................................................................................9,10, 202-03

Action of Corporation regarding.................................................. 9,1 1 ,1 2

Committee on.............................................................................................. 33

Extension of power to make..........................................................31-32, 81

Loss to Corporation on.......................................................................... 10

Name and class of banks to which made.....................................202-03

By Reconstruction Finance Corporation................................................... 10,11

Location of insured banks, changes of approved by the Federal Deposit

Insurance Corporation.............................................................. 30

Losses of the Federal Deposit Insurance Corporation. See Federal

Deposit Insurance Corporation.

Mergers and consolidations:

Assumption of deposit liabilities.............................................................. 10, 29, 30

Deposits of banks merging............................................................................... 10

During 1936........................................................................................................ 45,102-04

Loans and purchase of assets by Corporation to aid.............9-12, 202-03

Of insolvent insured banks...................................................................9-12 ,102 -0 3

Morris Plan banks, classification of.......................................................................... 97, 98

Mutual savings banks (see also Insured b an k s):

Assets and liabilities............................................................................................. 135

212 FEDERAL DEPOSIT INSURANCE CORPORATION

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Page

Classification of....................................................................................................... 97

Deposits ..............................................................................................66, 125-27, 132-33

Number ...........................................................................................101, 104-113,118-19

National banks. See Comptroller of the Currency; Insured banks.

New banks. See Banks beginning operations.

Noninsured banks. See:

Assets and liabilities of banks;

Capital of banks;

Classification of banks and banking offices;

Deposits;

Mergers and consolidations;

Number of operating banking offices;

Number of operating banks;

Number of branches or additional offices;

Suspensions;

Uninsured deposits.

Number of accounts:

In banks to which the Corporation has made loans........................... 203-04

In insured commercial banks, May 13, 1936:

Grouped by amount of deposits....................................................... 66

Grouped by size of account................................................................. 66-71

Grouped by States and possessions................................................ 68

Grouped by type of deposit................................................................. 70-72

In insured mutual savings banks, May 13, 1936.................................. 66, 76

Number of banks operating more than one office:

According to location of branches or additional offices............. 44,120-21

By class of bank.....................................................................................................105-11

Number of branches or additional offices:

By class of bank and by type of office in each State and in the

possessions ....................................................................................105-11

Changes during 1936.............................................................................................45,103

December 31, 1935, and December 31, 1936..............................................100-01

Number of operating banking offices:

All offices...........................................................................................................100,105-11

By amount of deposits........................................................................................ 122

By class of bank....................................................................................................105-11

By number of commercial banking offices in center in which

located.............................................................................................. 123

By population of center in which located.......................................43,122,123

By States and possessions...............................................................................105-11

By type of office..........................................................................44, 105-11,122,123

Changes during 1936......................................................................................45,102-04

Classification .............................................................................................................. 97-99

Commercial .......................................................................43-45,10 0,1 02-03 ,122 -2 3

Insured.....................................................................................................100-04,122,123

Mutual savings...................................................................................................... 101,104

Noninsured ................................................................................................................100-04

Revision of 1935 figures...................................................................................... 98-99

Number of operating banks:

All banks...........................................................................................................100,105-12

All commercial banks.................................................................46,100,102,105-17

All mutual savings banks..............................................101,104-13,118-19,135

By amount of deposits......................................................................................... 66, 76

By class of bank.................................................................................... 68,100,105-13

By number of commercial banking offices in center in which

located ............................................................................................. 123

By population of center in which located................................................ 122-23

By States and possessions...................................................................68, 76,105-11

By type of office.............................................................................................105-11,123

Changes during 1936......................................................................................45,102-04

Classification ............................................................................................................ 97-99

Insured commercial banks:

Call dates, 1934-36.................................................................................. 136

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214 FEDERAL DEPOSIT INSURANCE CORPORATION

Page

Number of operating banks:— Continued.

Changes during 1936...............................................................4 4 -4 6,10 2-03

December 31, 1935, and December 31, 1936...........................100,102

December 31, 1935, June 30, 1936, and December 31, 1936 134

December 31, 1936...................................................................105-17,122-23

For which earnings statements are tabulated.........................164-65

May 13, 1936............................................................................................... 66,68

Revision of 1935 figures...................................................................... 98

Insured commercial banks not members of the Federal Reserve

System:

Call dates, 1934-36.................................................................................. 139

Changes during 1936...............................................................................102-03

December 31, 1935, and December 31, 1936........................... 100,102

December 31, 1936................................................................................... 105-13

Examined during 1936........................................................................ 148-49

May 13, 1936............................................................................................... 68

Operating throughout 1936.........................57, 58, 59,186,187, 188-89

Revision of 1935 figures...................................................................... 98

Insured mutual savings banks:

Changes during 1936............................................................................... 104

December 31, 1935, and December 31, 1936........................... 101,104

December 31, 1935, June 30, 1936, and December 31, 1936 135

December 31, 1936................................................................. 105-13,118-19

May 13, 1936............................................................................................... 76

Noninsured banks:

December 31, 1935, and December 31, 1936............... 45-46,100-04

December 31, 1935, June 30, 1936, and

December 31, 1936...................................................................134,135

December 31, 1936................................................................................... 105-19

Revision of 1935 figures...................................................................................... 98-99

Suspending operations, insured and noninsured, 1934-36..................190-92

Unit banks......................................................................................100,101,105-11,123

Officers and employees of the Federal Deposit Insurance Corporation.... 33-34

Operating banks. See Number of operating banks.

Operations of the Federal Deposit Insurance Corporation........................... 7-39

Participation in deposit insurance............................................................................... 45-47

Payments to depositors in closed insured banks. See Receivership,

insured banks placed in.

Postal savings deposits. See Deposits.

Postal savings system, accounts in insured banks.......................................... 72

Preferred deposits. See Deposits.

Preferred stock. See Capital of banks.

Profits. See Earnings, expenses, and disposition of profits.

Protection to depositors. See Insured deposits; Preferred and secured

deposits.

Public funds. See Deposits.

Purchase of assets. See Loans to insolvent insured banks.

Receivership, insured banks placed in:

Assets and liabilities of, at date of suspension, 1934-36..................194-97

By class of bank......................................................................................................190-93

Deposits:

Insured, otherwise protected, paid and unpaid............... 8, 9, 200-01

Insured, secured, preferred, subject to offset........ 198-99, 200-01

Of banks grouped by class, by amount of deposits and

by States......................................................................................... 190-92

Uninsured, unsecured, not preferred and not subject to

offset ................................................................................................ 198-99

Depositors:

Date of first payment to..................................................................... 193

Number fully protected, paid and unpaid..............................8, 200-01

Payments to....................................................................................... 8-9, 200-01

Liquidation of assets of...................................................................................... 12

Name and location of, during 1936............................................................... 193

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Page

Receivers, names of........................................................................................ 12-13,193

Recoveries by Corporation on subrogated claims against................ 13

Year of organization of...................................................................................... 193

Reconstruction Finance Corporation:

Investment in capital of banks:

Amount ................................................................................... 26, 54-55,162-63

Retirements ................................................................................................ 163

Loans to facilitate mergers and consolidations..................................... 10-11

Regulations and rulings:

Advertising by insured banks..................................................................... 31, 82-86

Interest on deposits...........................................................................................31, 86-91

Payment of assessments by banks whose insured status has

terminated ................................................................................................... 31, 92

Savings and time deposits. See Deposits.

Savings bank defined........................................................................................................... 90

Secured deposits. See Deposits.

Securities. See Assets and liabilities of banks.

Sign, official, of the Federal Deposit Insurance Corporation for advertising purposes.............................................................................. 82

Sound banking situation, conditions for maintenance of.............................. 38, 39

State banks members of the Federal Reserve System. See Insured

banks.

State banks not members of the Federal Reserve System. See Insured

banks; Noninsured banks.

State bank supervisory authorities, banks cited to....................................... 17,18

State legislation regarding deposit insurance...................................................... 32-33

Substandard securities. See Assets, examiners’ analysis o f; Banking

practices.

Supervision of banks (see also Banking practices)....................................... 23

Suspensions ......................................................................................... 8 ,1 2 ,1 6 , 45, 47 ,190 -9 2

Terminations of insurance:

For unsafe and unsound banking practices............................................... 16-19

Number of ..........................................................................................................17, 24, 47

Uninsured deposits:

Assumption of by insured banks.................... ............................................... 29-30

Of banks in receivership................................................................................9,198-99

On May 13, 1936..................................................................................................... 65-77

Unit banks. See Insured banks; Banks operating more than one office;

Deposits; Number of operating banking offices;

Number of operating banks.

United States Government obligations (see also Assets and liabilities

of banksj :

Held by banks, as a factor in growth of deposits................................ 49

Held by Federal Deposit Insurance Corporation................................ 35

Unsafe and unsound banking practices:

Action of Corporation.................................................................................... 15 ,16-17

Number of banks cited to supervisory authorities........................... 17,18

Types of, for which banks were cited.......................................................... 17-19

Unsecured deposits. See Receivership, insured banks placed in.

Violations of law or regulations (see also Banking practices).................. 16-18

Worthless assets. (See also Assets, examiners’ analysis o f ).................... 49-50

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