ANNUAL REPORT OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION

1964

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
LETTER OF T R A N S M I T T A L

FEDERAL DEPOSIT INSURANCE CORPORATION 

Washington, D. C., October 29, 1965

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

Deposit Insurance Act, the Federal Deposit Insurance Corporation 

is pleased to submit its annual report. Part One of the report, 

separately submitted earlier in the year, is included in this volume.

Respectfully yours,

K. A. RANDALL,

Chairman

THE PRESIDENT OF THE SENATE

THE SPEAKER OF THE HOUSE OF REPRESENTATIVES

iii

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE CORPORATION

iv

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE CORPORATION

5 5 0 17th S t r e e t , N .W., W a s h i n g t o n , D.C. 2 0 4 2 9

BOARD OF DIRECTORS

Chairman__ __________________________________K. A. Randal!

Comptroller of the Currency-__________________ James J. Saxon

Secretary______________________ E. F. Downey

OFFICIALS

Assistant to the Chairman________________________ John F. Lee

Administrative Assistant to the Chairman_______ John L. Flannery

Chief, Division of Examination_____________ Edward H. DeHority

General Counsel_________________________ William M. Moroney

Executive Assistant to the Board________ Timothy J. Reardon, Jr.

Controller______________________________ Edward F. Phelps, Jr.

Chief, Division of Liquidation__________________ A. E. Anderson

Chief, Division of Research and Statistics___ Raymond E. Hengren

Chief, Audit Division_________________________ James J. Bogart

Assistant to the Board________________________ Frank E. Tracy

Assistant to the Board______________________ Raoul D. Edwards

October 29, T965

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

/ ‘

’CCW,;'V

to :.............

K-rr...

1 2

£? H,WA" ! 

0

L _ 7

2 PUEB,° l"co

DISTRICT OFFICES AND SUPERVISING EXAMINERS

1. Claude C. Phillippe, Room 

1365, No. 10 P.O. Square, 

Boston, M assachusetts 

02109

2. Philip C. Lods, 74 Trinity 

Place, New York, New York 

10006

3. Lewis S. Rough, Jr., Suite 

600, Huntington Trust Co., 

37 West Broad Street, Columbus, Ohio 43215

4. Albert E. Clark, 403 East 

Grace Street, Richmond, 

Virginia 23219

5. Roger C. Eagleton, 1000 

Bank of Georgia Building, 

Atlanta, Georgia 30303

6. Lewis C. Beasley, Locust 

Building, 1015 Locust 

Street, St. Louis, Missouri 

63101

7. Wallace A. Ryen, 715 Tenney Building, Madison, Wisconsin 53703

8. D. E. Wilkins, 164 West 

Jackson Boulevard, Chicago, Illinois 60604

9. Roger B. West, 950 Federal 

Reserve Bank Building, 

Minneapolis, Minnesota 

55440

10. Stanley Pugh, 1207 Federal 

Reserve Bank Building, 

Kansas City, Missouri 64106

11. Lloyd Thomas, Federal Reserve Bank Building, Station K, Dallas, Texas 75222

12. Walter W. Smith, Suite 1700, 

582 Market Street, San 

Francisco, California 94104

FEDERAL DEPOSIT INSURANCE CORPORATION

M ain O ffic e : 550 1 7th S tre e t, N.W., W a sh in g to n , D. C. 20429

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CONTENTS

Summary________________________________________ ___________________ xv

PART ONE 

OPERATIONS OF THE CORPORATION Page

Introduction_________________________________________________________ 3

Federal deposit insurance coverage___________________________________ 8

Insurance operations to protect depositors of failing banks______________ 9

Supervisory activities________________________________________________ 13

Legal developments_______________________________________ _________ 18

Administration of the Corporation_____________________________________ 21

Finances of the Corporation ___ ______________________________ 23

PART TWO 

LEGISLATION AND REGULATIONS

Federal banking legislation— 1964_____________________________________ 63

Rules and regulations of the Corporation_______________________________ 66

State banking legislation— 1964__________________ __________________ 67

PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

Introduction__________________________________________________________77

Accounts and deposits at four special call dates_________________________77

Distributions of accounts and deposits in 1964_________________________ _82

Depositor protection under different coverage limitations__________________87

Detailed statistics_________________________________ ________________ ___ 89

Appendix______________________________________ ________ _____________ 89

PART FOUR 

BANKING DEVELOPMENTS

Supervisory status of banks_______________________ ______ 133

Changes in number of banking offices_________________________________ 136

Concentration and location of banking facilities_________________________ 139

Assets and liabilities of banks________________________________________ 147

Income of insured banks______________________________________ _____ 150

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

Number, offices, and deposits of banks________________________________ 156

Assets and liabilities of banks_______________________________________ 170

Income of insured banks_____________________________________________ 192

Banks closed because of financial difficulties, 

and deposit insurance disbursements_________ .... 220

vii

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
LIST OF TABLES

PART ONE 

OPERATIONS OF THE CORPORATION 

INSURANCE OPERATIONS TO PROTECT DEPOSITORS IN FAILING BANKS:

1. Insured banks closed during 1964 requiring disbursements by the

Federal Deposit Insurance Corporation__________________________ 10

2. Protection of depositors of insured banks requiring disbursements by

the Federal Deposit Insurance Corporation, 1934-1964____________ 11

3. Analysis of disbursements, recoveries and losses in deposit insurance

transactions, January 1, 1934-December 31, 1964________________ 12

SUPERVISORY ACTIVITIES:

4. Applications acted upon by the Board of Directors of the Federal

Deposit Insurance Corporation during 1964______________________ 14

5. Mergers, consolidations, acquisitions of assets and assumptions of

liabilities approved under section 18(c) of the Federal Deposit Insurance Act during 1964________________________________________ 15

6. Bank examination activities of the Federal Deposit Insurance Corporation in 1963 and 1964_______________________________________ 16

7. Actions to terminate insured status of banks charged with unsafe or

unsound banking practices or violations of law or regulations, 1936- 

1964 _______________________________________________________ 17

15. Description of each merger, consolidation, acquisition of assets or

assumption of liabilities approved by the Corporation during 1964___ 31

ADMINISTRATION OF THE CORPORATION:

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

Corporation, December 31, 1963 and 1964______________________ 22

FINANCES OF THE CORPORATION:

9. Statement of financial condition, Federal Deposit Insurance Corporation, December 31, 1964_______________________________________ 24

10. Statement of income and the deposit insurance fund, Federal Deposit

Insurance Corporation, year ended December 31, 1964___________ 25

11. Determination and distribution of net assessment income, Federal Deposit Insurance Corporation, year ended December 31, 1964_____ 26

12. Sources and application of funds, Federal Deposit Insurance Corporation, year ended December 31, 1964____________________________ 26

13. Income and expenses, Federal Deposit Insurance Corporation, by years,

from beginning of operations, September 11, 1933, to December 31, 

1964, adjusted to December 31, 1964____________________________ 27

14. Insured deposits and the deposit insurance fund, 1934-1964_________ 28

viii

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE 

TABLES ACCOMPANYING TEXT:

16. Accounts and deposits, all insured banks, special call dates, 1964, 1955,

1945, and 1936_______________________________________________ 78

17. Percentage changes in number of accounts and amount of deposits,

all insured banks, selected periods____________________________ 79

18. Accounts and deposits in insured commercial banks, grouped by size

of account, September 21, 1955 and November 18, 1964_________ 82

19. Proportions of fully protected to total accounts and insured to total

deposits, by class of bank, September 21, 1955, and November 18,

1964 _______________________________________________________ 83

20. Accounts fully protected and deposits insured with specified amounts of

maximum coverage, all insured banks, November 18, 1964_______ 88

DISTRIBUTION OF ACCOUNTS AND DEPOSITS, ALL INSURED BANKS:

21. Accounts fully and partially protected and deposits insured, all insured

banks, November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State ___________________________________________________ 94

22. Accounts fully and partially protected and deposits insured, all insured

banks, November 18,1964 

Banks grouped by amount of deposits, population of center in which

located, class, and percent of deposits insured; and accounts grouped

by type _________ _____________ ___________ _________________ 96

23. Accounts fully and partially protected and deposits insured, all insured

banks, November 18,1964 

Banks grouped by standard metropolitan statistical area and

city ________________________________________________________ 98

DISTRIBUTION OF ACCOUNTS OF INSURED COMMERCIAL BANKS 

ACCORDING TO SIZE OF ACCOUNT:

24. Distribution of accounts according to size, insured commercial banks,

November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State __________________________________________________ 100

25. Distribution of accounts according to size, insured commercial banks,

November 18,1964 

Banks grouped by amount of deposits, population of center in which

located, class, and percent of deposits insured; and accounts grouped

by type _____________________________________________________ 102

26. Distribution of demand accounts of individuals, partnerships, and corporations acording to size of account, insured commercial banks, 

November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State ___________________________________________________ 104

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
27. Distribution of savings and time accounts of individuals, partnerships,

and corporations according to size of account, insured commercial 

banks, November 18, 1964

Banks grouped by Federal Deposit Insurance Corporation district

and State _________________________________________________ 106

28. Distribution of demand accounts of individuals, partnerships, and

corporations according to size of account, insured commercial banks, 

November 18, 1964 

Banks grouped by amount of deposits_____________________ 108

29. Distribution of savings and time accounts of individuals, partnerships,

and corporations according to size of account, insured commercial 

banks, November 18,1964 

Banks grouped by amount of deposits________ 109

DISTRIBUTION OF DEPOSITS IN INSURED COMMERCIAL BANKS 

ACCORDING TO SIZE OF ACCOUNT:

30. Distribution of deposits according to size of account, insured commercial

banks, November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State ___________________________________________________ 110

31. Distribution of Deposits according to size of account, insured commercial

banks, November 18, 1964 

Banks grouped by amount of deposits, population of center in which

located, class, and percent of deposits insured; and accounts grouped

by type _____________________________________________________ 112

32. Distribution of demand deposits of individuals, partnerships, and corporations according to size of account, insured commercial banks, 

November 18, 1964

Banks grouped by Federal Deposit Insurance Corporation district

and State ___________________________________________________ 114

33. Distribution of savings and time deposits of individuals, partnerships,

and corporations according to size of account, insured commercial 

banks, November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State ___________________________________________________ 116

34. Distribution of demand deposits of individuals, partnerships, and corporations according to size of account, insured commercial banks, 

November 18, 1964 

Banks grouped by amount of deposits________________________ 118

35. Distribution of savings and time deposits of individuals, partnerships,

and corporations according to size of account, insured commercial 

banks, November 18, 1964 

Banks grouped by amount of deposits________________________ 119

DISTRIBUTION OF ACCOUNTS AND DEPOSITS BY SIZE OF ACCOUNT, 

INSURED MUTUAL SAVINGS BANKS:

36. Distribution of accounts according to size, insured mutual savings 

banks, November 18, 1964

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks grouped by Federal Deposit Insurance Corporation district,

State, amount of deposits, population of center, and percent of

deposits insured; and accounts by type__________________________ 120

37. Distribution of deposits according to size of account, insured mutual

savings banks, November 18, 1964

Banks grouped by Federal Deposit Insurance Corporation district,

State, amount of deposits, population of center, and percent of deposits insured; and accounts by type .... _________________ 122

ACCOUNTS FULLY PROTECTED AND DEPOSITS INSURED ASSUMING 

ALTERNATIVE AMOUNTS OF MAXIMUM COVERAGE PER ACCOUNT:

38. Number of accounts fully protected and deposits insured assuming

alternative amounts of maximum coverage per account, insured commercial banks, November 18, 1964 

Banks grouped by Federal Deposit Insurance Corporation district

and State_________ ____________ _____________________________ 124

39. Number of accounts fully protected and deposits insured assuming

alternative amounts of maximum coverage per account, insured 

commercial banks, November 18, 1964

Banks grouped by amount of total deposits, population of center

of location, class, and percent of total deposits insured; and accounts

grouped by type______________ __ __________ _________________ 126

40. Number of accounts fully protected and deposits insured assuming

alternative amounts of maximum coverage per account, insured 

mutual savings banks, November 18, 1964

Banks grouped by Federal Deposit Insurance Corporation district,

State, size of total deposits, population of center of location, and percent of total deposits insured; and accounts grouped by type______ 128

41. Distribution of insured banks by percentage of deposits insured assuming alternative amounts of maximum coverage, November 18, 1964 130

PART FOUR 

BANKING DEVELOPMENTS 

SUPERVISORY STATUS OF BANKS:

42. All banks in the United States classified by supervisory status and

Federal deposit insurance participation, December 31, 1964_______ 133

43. Assets of banks classified by supervisory status and Federal deposit

insurance participation, December 31, 1964_____________________ 134

44. Deposits of banks classified by supervisory status and Federal deposit

insurance participation, December 31, 1964_____________________ 135

45. Ratios of capital accounts to assets of banks of deposit classified by

supervisory status and Federal deposit insurance participation, December 31, 1964 ____ ______________________________ 135

CHANGES IN NUMBER OF BANKING OFFICES:

46. Analysis of changes in number of banks and branches in the United

States during 1964 __________________________________ 136

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CHANGES IN NUMBER OF BANKING OFFICES:

46. Analysis of changes in number of banks and branches in the United

States during 1964 ___ __________________________________ 136

CONCENTRATION AND LOCATION OF BANKING FACILITIES:

47. Commercial bank deposits and proportions of total held by the largest

commercial banks or bank groups, December 31, 1964 ... _______ 140

48. Relative size of largest commercial banks or bank groups in States

classified by status of branch banking, December 31, 1964_________ 141

49. Relative size of largest banks or bank groups in 65 metropolitan areas,

June 30, 1964________________________________________________ 142

50. Banks, banking offices, and population per bank and office in each

State, December 31, 1964, with change from December 31, 1960___ 144

51. Commercial banking offices in the United States grouped by location

in different-sized population centers with selected numbers of offices, 

December 31, 1964 ___________________________________________ 145

52. Commercial banking offices, banks, and branches in metropolitan and

other areas grouped according to status of branch banking, Decemb.er

31, 1964___ .... ______________________________________ 146

ASSETS AND LIABILITIES OF BANKS:

53. Assets and liabilities of all banks in the United States, by type of bank,

December 31, 1964 ________________________________ 148

INCOME OF INSURED BANKS:

54. Sources and disposition of total income of insured commercial banks,

1962-1964 ___________________________________________________ 151

55. Distribution by deposit size of insured commercial banks operating

throughout 1964 and percentages of selected banking totals in each 

size group... ___________ ________ __________________ 151

56. Operating data of insured commercial banks in operation throughout

selected years, 1950, 1955, 1960-1964_________________________ 153

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

banks, 1962-1964 ___________________________ 154

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

NUMBER, OFFICES AND DEPOSITS OF BANKS:

Explanatory note____________________________________________________ 156

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

United States (States and other areas) during 1964______________ 158

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

areas), December 31, 1964

Grouped according to insurance status and class of bank, and by

State or areas and type of office________________________________ 160

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
103. Number and deposits of all banks in the United States (States and

other areas), December 31, 1964

Banks grouped according to insurance status and by district and

State _______________________________________________________ 168

ASSETS AND LIABILITIES OF BANKS:

Explanatory note____________________________________________________ 170

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

areas), June 30, 1964 

Banks grouped according to insurance status and type of bank__ 172

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

areas), December 31, 1964 

Banks grouped according to insurance status and type of bank__ 174

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

areas), December 31, 1964 

Banks grouped by district and State___________________________ 176

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

and other areas), June and December call dates, 1961 through 1964 178

108. Assets and liabilities of insured commercial and insured mutual savings

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

June call dates, 1962 through 1964_____________________________ 182

109. Average assets and liabilities and assets and liabilities per $100 of

total assets of insured commercial banks in the United States (States 

and other areas), 1964 

By ciass of bank__________ ____________________________ ____ 186

110. Assets and liabilities and assets and liabilities per $100 of total assets

of insured commercial banks operating throughout 1964 in the United 

States (States and other areas), December 31, 1964

Banks grouped according to amount of deposits______________ 187

111. Average assets and liabilities of insured commercial banks in the United

States (States and other areas), by State, 1964__________________ 188

112. Distribution of insured commercial banks in the United States (States

and other areas), December 31, 1964

Banks grouped according to amount of deposits and by ratios of

selected items to assets _____________________________________ 190

INCOME OF INSURED BANKS:

Explanatory note____________________ ____________________________ 192

113. Income of insured commercial banks in the United States (States and

other areas), 1956-1964 ____ ______________________________ 194

114. Ratios of income of insured commercial banks in the United States

(States and other areas), 1956-1964 ___________________________ 196

115. Income of insured commercial banks in the United States (States and

other areas), 1964

By class of bank _________ 198

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
116. Ratios of income of insured commercial banks in the United States

(States and other areas), 1964 

By class of bank____________________________________________ 200

117. Income of insured commercial banks operating throughout 1964 in the

United States (States and other areas)

Banks grouped according to amount of deposits ____________ 202

118. Ratios of income of insured commercial banks operating throughout

1964 in the United States (States and other areas)

Banks grouped according to amount of deposits _____________ 204

119. Income of insured commercial banks in the United States (States and

other areas), by State, 1964 ___________________________________ 206

120. Income of insured mutual savings banks, 1956-1964________________ 216

121. Ratios of income of insured mutual savings banks, 1956-1964_______ 218

BANKS CLOSED BECAUSE OF FINANCIAL DIFFICULTIES,

AND DEPOSIT INSURANCE DISBURSEMENTS

Explanatory note____________________________________________________ 220

122. Number and deposits of banks closed because of financial difficulties,

1934-1964, by years___________________ _______________________ 222

123. Insured banks requiring disbursements by the Federal Deposit Insurance

Corporation during 1964______________________________________ 223

124. Depositors, deposits, and disbursements in insured banks requiring disbursements by the Federal Deposit Insurance Corporation, 1934-1964 

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

assumption, amount of deposits, and State_____________________ 224

125. Recoveries and losses by the Federal Deposit Insurance Corporation on

principal disbursements for protection of depositors, 1934-1964____ 226

xiv

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUMMARY

The 13,820 banks insured by the Corporation at the end of 1964 

comprised 97 percent of the 14,281 banks and trust companies 

operating in the United States.

A survey on November 18, 1964 showed that total deposits in 

insured banks amounted to $338 billion, which were held in 175 

million accounts. Deposits covered by insurance were 54.5 percent 

of the total, while 97.2 percent of all accounts were fully protected. 

At the end of 1964, the deposit insurance fund, which totaled $2.8 

billion, bore a ratio of 1.48 percent to insured deposits, and 0.82 

percent to total deposits in insured banks.

In the protection of depositors the Corporation made disbursements in 1964 of $12.7 million, bringing such disbursements since 

1934 to $390.0 million. Total deposits in the seven insured banks 

which failed in 1964, $23.3 million, were about equal to the deposits 

in the two failed banks in 1963. Deposit Insurance National Banks 

were organized by the Corporation— for the first time since the 

mid-1930’s— in two communities in order to provide essential banking facilities and to facilitate the payoff of insured deposits.

The Corporation’s field examinations and investigations numbered 12,484 during the year, 385 more than were conducted in

1963.

The number of banking offices in the United States, totaling 

29,727 on December 31, rose by 1,358 during the year. The growth 

consisted of 189 banks and 1,169 branches. Banks supervised by 

the Corporation, which are State-chartered insured banks not 

members of the Federal Reserve System, accounted for 82 of the 

net increase in banks, and 310 of the new branches.

The combined assets of all banks and trust companies increased 

10.7 percent during 1964 to a total of $402.7 billion on December 

31. Total income of insured commercial banks was $15.3 billion, 

up 9.8 percent from 1963, while net income after taxes rose 6.1 

percent to $2.3 billion.

Public Law 88-467, signed by the President on August 20, 1964, 

amended the Securities Act of 1933 and the Securities Exchange 

Act of 1934, as amended, to extend disclosure requirements to the 

issuers of additional publicly traded securities. Administration of 

the new provisions was vested in the Corporation with respect to 

the banks under its supervision. Among other Federal banking 

legislation was an amendment to the Federal Deposit Insurance 

Act, enacted as Public Law 88-593, approved on September 12, 

providing for notice to the appropriate Federal banking agency of 

change in control of management of insured banks.

XV

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
OPERATIONS

OF THE CORPORATION

PART ONE

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INTRODUCTION

The Federal Deposit Insurance Corporation has completed 

thirty-one years of operation. Established by the Banking Act of 

1933 at the depth of the most severe banking crisis in the nation’s 

history, its immediate contribution was the restoration of public 

confidence in banks, and over the years it has helped to strengthen 

our banking system. The insurance of bank deposits, effective on 

January 1, 1934, has sustained their use as the major means for 

settling accounts. Thereafter, both the reduction in bank failures 

and the ready availability of insured deposits in those insured 

banks which closed because of financial difficulties have clearly 

exerted a stabilizing influence upon our economy.

Most people who know about the Federal Deposit Insurance 

Corporation recognize it as the agency which insures bank deposits up to $10,000 for each depositor. Less well known, but 

equally significant, have been its responsibilities in the field of 

bank supervision deriving from its role as insurer. Actually the 

Corporation has very limited powers; it can neither charter a bank 

nor close a bank, and has power to pass upon only about one-half 

of the new banks admitted to insurance. Nevertheless, the supervisory powers accorded the Corporation complement and 

strengthen the supervision of banks exercised by State and other 

Federal agencies, particularly in the area of bank examinations.

As the principal source of money used in transacting the nation’s 

business, banks have long been recognized as institutions uniquely 

affecting the public interest and therefore properly subject to 

special governmental supervision. Long before checks drawn on 

bank deposits became the predominant means of payment, this 

function was performed by other obligations, specifically bank 

notes. Failures in banking impaired the usefulness of bank notes 

and led to efforts well over a century ago to create a mechanism 

which would assure their safety.

New York was the first of 14 States which adopted plans, over 

a period from 1829 to 1917, to insure or guarantee bank obligations which served as currency. The confinement of the plans to 

individual States and to State-chartered banks, along with varied 

individual weaknesses, limited their usefulness, although some 

of them were notably successful. Three of the six pre-Civil War 

plans expired when member banks converted into national banks 

following the prohibitive tax levied upon State bank notes in 

1865. National bank notes were expected to supersede State bank

3

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

notes, and they were further expected to provide an adequate 

and reliable means of payment, because of their guarantee by 

the Federal government.

It was not foreseen that another type of bank obligation— bank 

deposits— would soon overshadow bank notes as the dominant circulating medium, and that their vulnerability as a result of continuing bank failures would seriously weaken our monetary structure. When this happened, several States attempted to meet the 

problem through the guaranty or insurance of deposits. Eight 

States established such programs during the decade following 

1907, but none of them survived the avalanche of bank failures 

during the 1920's and early 1930’s. Meanwhile, proposals blossomed for a nation-wide system of depositor protection; among 

the 150 bills introduced in the Congress on the subject between 

1886 and 1933 may be found several of the features incorporated 

in the act providing for Federal deposit insurance. This background of experience and experimentation enabled the architects 

of Federal deposit insurance to design a better plan than otherwise 

would have been possible.

Few substantive changes have been made in the character of 

the Corporation during its 31 years of operation. Insurance coverage was increased from an initial maximum of $2,500 to $5,000 

per depositor on July 1, 1934, where it remained until raised to 

the present $10,000 limit on September 21, 1950. The original basis 

for assessments was changed to a regular rate basis in 1935, and 

in 1950 a credit was provided against future assessments based 

on Corporation losses and expenses. The Corporation’s supervisory powers have also been clarified and strengthened by different statutes.

That the Corporation has come to perform a key function in 

the economy derives in large part from the fact that it insures all 

but 461 of the 14,281 banks comprising our nation’s diverse banking system. Insured banks vary greatly in size, conduct different 

types of business, and operate under the varied laws of 50 States 

as well as the Federal government. Quite unlike banking elsewhere, most banks in the United States are small. As of November 

18, 1964, 12,812 commercial banks, none with deposits of more 

than $50 million, accounted for 95 percent of the total number of 

commercial banks insured by the Corporation and held 32 percent 

of the deposits in insured commercial banks. At the same time, the 

largest 34 insured commercial banks, each with deposits of $1 

billion or more, held 33 percent of the deposits.

A banking system of this type, characterized by diversity and 

decentralization, contains elements of instability. In nations where 

a few huge institutions dominate the banking scene, failures are

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INTRODUCTION 5

seldom if ever permitted, an achievement accomplished by centralization and rigid control. In this country, on the contrary, it 

is recognized that the exercise of individual judgment may lead 

to failure as well as success. During its 31 years of operation, 454 

insured banks have required disbursements by the Corporation, 

and an additional 126 noninsured banks have failed. The yearby-year totals are indicated in Chart A.

Chart A

BANK FAILURES DECLINED SHARPLY AFTER 1942

NUMBER OF FAILURES

-------------------- 100

NUMBER OF FAILURES

100--------------------

Given the preponderance of small banks in our banking system, 

it is not surprising that 342 of the 454 banks which have received 

financial assistance from the Corporation held deposits of $1 

million or less at the time of closing. Even failures of this magnitude can impair public confidence in banking as a result of losses 

to depositors and disruption of business activities in the affected 

community. Within the scope of its authority the Corporation 

endeavors to reduce depositor losses and to protect the circulating medium essential to the functioning of the economy. Deposit 

insurance thus plays a strategic role by introducing important 

elements of safety and confidence into a banking system whose 

desirable diversity and freedom might sometimes produce injurious 

consequences.

Deposits insured by the Federal Deposit Insurance Corporation 

are of two kinds: demand deposits, typically used in checking

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Partially Insured 

2.8%

Chart B

NEARLY ALL DEPOSITORS IN INSURED BANKS AND OVER HALF 

OF THEIR DEPOSITS WERE FULLY PROTECTED on Nov. 18, 1964

NUMBER OF 

ACCOUNTS

AMOUNT OF 

DEPOSITS

accounts, which bear no interest; and time or savings deposits, 

which typically bear interest and may not be drawn upon by check. 

The Corporation insures them up to a combined total of $10,000 

for each depositor in any one bank.

The insurance of bank deposits by this Corporation is sometimes confused with the insurance by the Federal Savings and 

Loan Insurance Corporation of share accounts held by savings and 

loan associations. They are alike in that insurance by each is 

limited to $10,000 for each depositor or shareholder; and the 

insurer in each case is a Federal agency. A share account held 

in a savings and loan association, however, does not represent 

a true debtor— creditor relationship, and it lacks the medium of 

exchange attribute of a demand deposit. Insurance of the share 

accounts of associations, like that of savings and time deposits of 

banks, is therefore directed more toward protection of individual 

owners of property than to sustaining the circulating media.

Periodically the Corporation makes surveys of its liability as an 

insurer, the most recent one as of November 18, 1964. On that 

date, 97.2 percent of all accounts in insured banks, and 54.5 

percent of all deposits, were within the $10,000 insurance limitation, as illustrated in Chart B. For all demand accounts of business 

and individuals, 97.8 percent of the accounts and 48.8 percent of

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INTRODUCTION 7

the deposits were fully insured under the $10,000 limitation. A 

slightly smaller percentage— 96.5 percent— of the savings and time 

accounts of business and individuals were fully protected, but a 

substantially higher percentage— 75.6 percent— of their deposits 

were fully protected.

The actual protection provided by the Corporation to the depositors of failing insured banks has been greater than the indicated extent of insurance protection. Over 99 percent of the 

depositors or accounts in the failing insured banks have received 

(or had available to them) full recovery, and a similar 99 percent 

of deposits have been paid (or made available). Depositors in insured banks have lost an estimated $4.1 million out of total deposits of $658 million in insured banks at the time of closing. This 

high degree of protection has been accomplished at relatively 

small cost to the Corporation; its total losses on insurance disbursements are estimated at $37 million, or less than 10 percent 

of total disbursements. Estimated recoveries and losses to the 

Corporation and to depositors are shown in Chart C.

Though its favorable loss experience has enabled the Corporation to build up a substantial fund for the protection of depositors, 

growth in the fund has barely kept pace with growth in deposits 

in insured banks. At the end of 1964, the deposit insurance fund

SINCE FEDERAL DEPOSIT INSURANCE BEGAN, LOSSES TO DEPOSITORS 

AND TO THE FDIC HAVE BEEN SMALL IN CLOSED BANK CASES

Chart C

TOTAL DEPOSITS 

$657,688,000

DISBURSEMENTS 

BY FDIC 

$392,004,000

Lost or Not Yet Available 

to Depositors $9,481,000

Lost by FDIC $37,001,000

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

amounted to $2.8 billion, or less than one percent of total deposits. 

In addition to its insurance fund the Corporation has authority to 

borrow up to $3 billion from the U. S. Treasury to meet its insurance obligations.

Both the Corporation and the banking industry take satisfaction 

from the fact that deposit insurance requires no tax revenue. The 

original capital of $289 million advanced by the Federal government and the Federal Reserve Banks at the start of the Corporation has been repaid, with interest amounting to $81 million. 

Assessments paid by insured banks have provided a surplus over 

losses and expenses which is invested in U. S. Government obligations; continuing assessments and income from these investments provide practically all the Corporation’s income.

The Corporation is an independent agency of the executive 

branch of the government administered by a bipartisan Board of 

Directors. It has achieved the respect of many critics who initially 

opposed insurance as the enemy of soundness in banking. And it 

has realized that ultimate accolade of being taken for granted by 

a constituency largely unfamiliar with the ills which brought it 

into being.

FEDERAL DEPOSIT INSURANCE COVERAGE

Banks insured by the Corporation totaled 13,820 at the end of 

1964. These represented about 97 percent of the 14,281 banks and 

trust companies in operation. The proportion so insured has never 

been less than the 86 percent covered at the very beginning of 

Federal deposit insurance.

Insurance is available to qualified incorporated banks and trust 

companies which receive deposits. National banks authorized to 

do business by the Comptroller of the Currency are automatically 

insured, as are State banks which are members of the Federal 

Reserve System. Other banks become insured upon application 

to and approval by the Corporation’s Board of Directors. During 

1964, 200 national banks, 3 State banks members of the Federal 

Reserve System, and 140 State nonmember banks became insured. 

Except for 20 of the banks in the last group, all were new banks.

Both commercial and mutual savings banks may become insured. About two-fifths of the 461 banks not insured by the Corporation are mutual savings banks, and nearly all of these are 

members of a State insurance system. Most of the remaining uninsured banks are institutions ineligible for insurance, either 

because of their unusual character— such as private banks or 

non-deposit trust companies— or because of their inability to meet 

insurance standards.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE COVERAGE 9

The maximum protection of $10,000 applies to deposits maintained by a depositor in an insured bank in the same right and 

capacity. An individual with more than $10,000 to keep in bank 

deposits can obviously extend his protection by making deposits 

in different insured banks. Additional protection may also be secured by making deposits in the same insured bank which are 

maintained in a different right or capacity as recognized by law. 

For example, a husband and wife may have an insured joint deposit with right of survivorship in addition to their insured individually-owned deposits.

Nevertheless, a substantial portion of deposits in insured banks 

are outside the insurance guarantee. As shown by the survey of 

November 18, 1964, 97.2 percent of the accounts in insured banks 

were fully protected and 54.5 percent of total deposits were insured. These percentages might differ slightly if allowance could 

be made for the accounts which, when appropriately combined, 

exceed the insurance maximum; and if similar allowance were 

made for the accounts whose deposits exceed the insurance 

maximum but which may, because of their being held in different 

rights and capacities, actually be insured.

INSURANCE OPERATIONS TO PROTECT DEPOSITORS

OF FAILING BANKS

Banks failing in 1964. The Corporation made disbursements to 

protect depositors in seven banks which failed in 1964. While this 

was the largest number of insured banks to be closed in any year 

since 1942, total deposits in the seven banks were approximately 

the same amount as in the two which failed in 1963, and there 

were only slightly more than half as many depositors.

Table 1 gives the name and location of the seven banks, and 

the number of depositors and the amount of deposits in each of 

them. There were approximately 19,900 depositors in the seven 

banks, with total deposits of $23.3 million. As of December 31, 

1964, 14,900 of these depositors, with balances totaling $16.9 

million, had either been paid in full by the Corporation or otherwise 

had their accounts fully satisfied.

Of the approximately 5,000 depositors in the seven banks who 

had not yet received full recovery at the close of the year, about 

4,500 can obtain full recovery simply by presenting their claims 

to the Corporation or through offset against their debts to the 

bank. Included among the remaining accounts are deposits in 

excess of the $10,000 maximum insurance coverage, and money 

placed in banks which was treated as deposits by the bank, the 

insured status of which is now in litigation brought by the 

Corporation.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 1. INSURED BANKS CLOSED DURING 1964 REQUIRING 

DISBURSEMENTS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION1

Deposit

payoff

case

number

Name and 

location

Date of 

closing

Number 

of depositors

Amount of 

deposits 

(in thousands)

Date of first 

payment to 

depositors

Depositors 

receiving 

full recovery

Deposits 

paid 

(in thousands)

Total 19,883

2,215

$23,322

3,459

14,923

2,095

$16,901 2 

The First National 2,811268

Bank of Marlin, 

Marlin, Texas

March 10, 1964 March 16, 1964

269 The State Savings 

Bank of Minden City, 

Minden City, Michigan

March 17, 1964 1,156 1,233 March 23, 1964 1,106 1,158

270 First State Bank, 

Dell City, Texas

July 4, 1964 719 1,082 July 10, 1964 614 662

271 Belleview Valley 

Bank, Belleview, 

Missouri

July 20, 1964 1,684 1,188 July 25,1964 1,390 1,115

272 Frontier Bank, 

Covelo, California

July 31,1964 1,049 2,312 August 6, 1964 957 1,191

273 Crown Savings 

Bank, Newport News, 

Virginia

September 4,1964 9,677 7,023 September 10, 

1964

5,989 4,470

274 Nebraska State 

Bank of Valentine, 

Valentine, Nebraska

October 29,1964 3,383 7,025 November 10, 

1964

2,772 5,494

1 Figures adjusted to and as of December 31, 1964.

2 Includes $12,029 thousand paid by the Federal Deposit Insurance Corporation.

Each of the insured banks which suspended in 1964 was placed 

in receivership, with the Corporation serving as receiver in all 

cases except Belleview Valley Bank, Belleview, Missouri, and 

Nebraska State Bank of Valentine, Nebraska, Valentine, Nebraska. 

The owners of uninsured claims are entitled to share, pro rata with 

the Corporation and other common creditors, in the proceeds from 

liquidation of the bank’s assets by the receivers.

Deposit Insurance National Banks. For the first time since 1935, 

Deposit Insurance National Banks were organized by the Corporation for the purpose of providing limited banking facilities in 

a community which had suffered the loss of a bank and to facilitate 

the payment of the insured deposits of such bank. During 1964, 

Deposit Insurance National Banks were chartered in Dell City, 

Texas, immediately after the closing of the First State Bank there; 

and in Newport News, Virginia after the failure of the Crown Savings Bank.

A Deposit Insurance National Bank is organized as a non-stock 

company, managed by an executive officer appointed by the Board 

of Directors of the Corporation, and receives from the Corporation 

funds necessary to commence operations and to cover operating 

deficits. It may accept insured deposits transferred to it from 

a failing bank and new deposits in amounts not to exceed $10,000

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INSURANCE OPERATIONS TO PROTECT DEPOSITORS 11

from any depositor, except that such limitation is lifted in cases 

where the Deposit Insurance National Bank is the only bank in the 

community. Funds of the bank may be invested in direct or fully 

guaranteed obligations of the United States. The bank is not 

authorized to make loans. Unless ownership of the bank has been 

disposed of by the Corporation within two years from the date of 

its organization, the activity of the bank must be terminated, and 

the Corporation assumes its assets and obligations.

Banks failing 1934-1964. Since the beginning of Federal deposit 

insurance, the Corporation has made disbursements to protect 

depositors in 454 banks experiencing financial difficulties. In 182 

of these cases, the deposit liabilities of the failing bank were asTable 2. PROTECTION OF DEPOSITORS OF INSURED BANKS REQUIRING 

DISBURSEMENTS BY THE FEDERAL DEPOSIT INSURANCE 

CORPORATION, 1934-1964

Item

All cases 

(454 banks)

Deposit payoff 

cases 

(272 banks)

Deposit 

assumption cases 

(182 banks)

Number or 

amount Percent

Number or 

amount Percent

Number or 

amount Percent

N u m b er of depositors or accounts

—to ta l1................................................ 1,516,468

1,503,745

100.0%

99.2

481,735

469,012

424,098 3 

39,173 

2,911 

2,830

12,723

2,834

9,889

$191,161

181,680

100.0%

97.4

1.034.733

1.034.733

1.034.733

100.0%

100.0

Full recovery received or availa b le ..................................................

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

From offset4................................................

1,458,831

39,173

2,911

2,830

12,723

96.2

2.6

88.1

8.1

100.0

From security or preference 5................... .2 .6

From asset liquidation 6............................. .2 .6

Full recovery not received as of

December 31t 1964.............. .8 2.6

Terminated cases........................................ 2,834

9,889

.2 .6

Active cases 7.............................................. .6 2.0

A m ount of deposits (in thousands)

—to ta l.................................................. $657,688 100.0%

98.6

100.0%

95.0

$466,527

466,527

100.0%

Paid or m ade ava ila b le ................... 648,207 100.0

By FDIC2..................................................... 608,766

11,480

14,387

13,574

9,481

1,793

7,688

92.6 142,239 8 

11,480 

14,387 

13,574

74.4 466,527 100.0

By offset9 .................................................... 1.7 6.0

By security or preference 10...................... 2.2 7.5

By asset liquidation 11............................... 2.1 7.1

N ot^paid as of Decem ber 31f

1.4 9,481

1,793

7,688

5.0

Terminated cases........................................ .3 1.0

Active cases12............................................. 1.1 4.0

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

2 Through direct payment to depositors in deposit payoff cases; thro ugh assumption of deposits by other insured banks, 

facilitated by FDIC disbursements of $198,074 thousand, in deposit assumption cases.

3 Includes 57,332 depositors in terminated cases who failed to claim their insured deposits (see note 8).

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

absence of offsets.

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

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

7 Full recovery available to 9,073 of these depositors.

8 Includes $199 thousand unclaimed insured deposits in terminated cases (see note 3).

9 Includes all amounts paid by offset.

10 Includes all secured and preferred claims paid from asset liquidation; excludes secured and preferred claims paid 

by Corporation.

11 Includes unclaimed deposits paid to authorized public custodians.

12 It is estimated that $5,398 thousand of this amount is or will be available to depositors.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 3. ANALYSIS OF DISBURSEMENTS, RECOVERIES, AND LOSSES 

IN DEPOSIT INSURANCE TRANSACTIONS 

JANUARY 1, 1 9 3 4 -DECEMBER 31, 1964

(In thousands)

Type of disbursement Disbursements Recoveries 1 Losses

All disb ursem ents—total.

P rincipal disbursem ents in deposit assum ption

and payoff cases—to ta l...............................................

Loans and assets purchased (182 deposit assumption cases):

To December 31, 1964.............................................................

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

Deposits paid (272 deposit payoff cases):

To December 31,1964.............................................................

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

Advances and expenses in deposit assumption

and payoff cases—to ta l..............................................

Expenses in liquidating assets in 182 deposit assumption cases:

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

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

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

Field payoff and other insurance expenses in 272 deposit payoff cases.

Other disbursem ents—to ta l..................................................

Assets purchased to facilitate termination of liquidations:

To December 31, 1964..........................................................

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

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

$392,004

$340,675

198,074 1

142,0401 

561J

$ 49,348

32,872

14,424

214

1,838

$ 1,981

1,7711 

' ‘ ’210

$355,003 $37,001

$305,276 $35,399

184,779 \ 

241 / 13,054

106,373 \ 

13,883 / 22,345

$ 47,296 $ 2,052

32,872

14,424

0

(2)

214

1,838

$ 2,431 $ (450)

2,399 \ 

3 2 /

(2)

(660)4 

210

1 Excludes recoveries in excess of the amounts due the Corporation, which were returned to stockholders and holders 

of capital obligations of failed banks. Does not include $9.1 million of interest and allowable return received by the Corporation on its advances.

2 Not recoverable.

3 Net recovery in excess of disbursements.

4 Net profit and net income.

sumed by another insured bank with the aid of funds made available by the Corporation. Under the deposit assumption procedure, 

deposits are immediately available in full to all depositors. There 

were 272 deposit payoff cases in which the Corporation, as soon 

as possible after the closing of the bank, paid the insured deposits. 

Payments on uninsured deposits depend upon the results of asset 

liquidation. Table 2 shows that there have been more than 1.5 

million depositors with deposits of $657.7 million in the 454 banks. 

It is estimated that about 3,700 depositors will lose approximately 

$4.1 million of uninsured deposits.

Corporation disbursements and losses. Table 3 shows that since 

Federal deposit insurance became effective January 1, 1934, the 

Corporation has disbursed $390.0 million to protect depositors in 

454 insured banks and $1.8 million to purchase assets from receivers and liquidators of closed insured banks in order to facilitate 

the termination of liquidation activities. Total recoveries made and 

estimated additional recoveries of such disbursements amount to 

$355.0 million, resulting in an estimated loss to the Corporation 

of $37.0 million, including $0.2 million of non-recoverable insurance expenses.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUPERVISORY ACTIVITIES

13

The establishment and operation of banks have long been subject to public regulation. Each of the States has statutes and 

regulations covering the chartering and operation of banks within 

its jurisdiction. National banks are chartered and supervised by 

the Comptroller of the Currency. Further regulations apply to 

banks which are members of the Federal Reserve System; that is, 

to all national banks and to those State banks which choose to 

join the System. The Federal Deposit Insurance Corporation supervises certain aspects of the operation of all insured banks, with 

direct supervision of insured State banks which are not members 

of the Federal Reserve System.

Applications to become insured or operate a branch. Care in the 

chartering of banks and establishment of branches is one way of 

avoiding excessive failures among banks. At the same time, however, chartering authorities seek to bring about the benefits of 

effective competition by avoiding unwarranted limitations on entry 

into the banking business.

The Corporation does not charter banks but insures banks, 

after approval by the appropriate Federal chartering or supervisory authority, upon consideration of 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 the consistency of its corporate powers with the purposes of the Federal Deposit Insurance 

Act. When national banks are chartered by the Comptroller of the 

Currency and when State banks are admitted to the Federal Reserve System, they become insured upon certification that the 

above factors have been considered by their respective supervisory authority. Other banks apply directly to the Corporation for 

deposit insurance.

During 1964 the Corporation acted upon 134 applications for 

admission to insurance, and approved 130. The number of 

branches approved for operation totaled 368. Other applications 

acted upon during 1964 are classified in Table 4. The relatively 

small number of disapprovals reflects in part the withdrawal or 

improvement of some proposals after preliminary discussion, before their formal submission to the Board of Directors.

Merger transactions. The Corporation along with other Federal 

bank supervisory agencies had, prior to 1960, limited responsibilities in regulating bank mergers. These responsibilities were increased by the Bank Merger Act of 1960, which requires approval 

by the appropriate Federal banking authority for an insured bank

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 4. APPLICATIONS ACTED UPON BY THE BOARD OF DIRECTORS 

OF THE FEDERAL DEPOSIT INSURANCE CORPORATION DURING 1964

Type of Application

Total acted 

upon

Approved Disapproved

All applications1..............................................................................

Adm ission to in su rance—to ta l.............................................

New banks....................................................... .........................................

Operating banks.......................................................................................

C ontinuation of insurance of banks withdrawing from

Federal Reserve S ystem .................................................

Change in type of business—to ta l.....................................

To engage in trust business or to provide additional fiduciary services 2.....................................................................................................

To enlarge the powers of a branch........................................................

Assum ption of deposit liab ilitie s —to ta l..........................

Of another insured bank 3.......................................................................

Of a noninsured bank..............................................................................

Of a nondeposit financial institution 4...................................................

Of a branch of a noninsured foreign bank...........................................

O peration of branches—to ta l...............................................

New branch offices...................................................................................

Banks to become branches as result of absorption............................

Continue branches of absorbed predecessor.......................................

Change of location—to ta l.......................................................

Main offices...............................................................................................

Branches....................................................................................................

R etirem ent or adju stm ent of c a p ita l................................

Service of person convicted of dishonesty or breach

of tru s t.....................................................................................

905

134

116

18

25

71

66

5

33

271

3

2

369

319

26 

24

250

170

80

895

130

112

18

23

70

65

5

33

271

3

2

368

318

26

24

248

168

80

1 Excludes applications supple mentary to a primary application; for example, for an extension of time with respect to 

an insurance commitment for a new bank. Also excludes a few applications acted upon in prior years on which additional 

action was taken during 1964.

2 Includes permission to four new banks to do a trust business.

3 In one case only a branch of an insured bank was absorbed.

4 Includes two safe deposit companies and one savings and loan association.

to engage in any absorption transaction. In passing upon applications, the appropriate Federal banking authority is required to 

consider the effect of the transaction on competition, including 

any tendency toward monopoly, in addition to the six banking 

factors enumerated above. Consent of the Corporation is required 

in those transactions which involve any insured bank and a noninsured bank or institution, or in which the resulting bank is an 

insured bank not a member of the Federal Reserve System (outside the District of Columbia). The other Federal banking agencies 

have similar authority over other merger transactions in which the 

resulting bank is under their jurisdiction, and each of the agencies, 

along with the Attorney General, submits advisory reports concerning the effects of the transaction on competition to the Federal 

banking agency taking action thereon.

There were 254 banks involved in merger applications approved 

by the three Federal banking agencies during 1964. The 139 absorbed financial institutions, mostly banks, had resources totaling 

$2,238 million; nearly all continued in operation as banking offices.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUPERVISORY ACTIVITIES 15

Further information regarding the applications approved during 

1964 is given in Table 5.

The Corporation approved 29 merger applications during 1964. 

These involved the absorption of 31 financial institutions with 

resources of $573 million. Most of these, with resources totaling 

$490 million, were nonmember banks. Data concerning these cases, 

with a statement giving the basis for approval and a summary

Table 5. MERGERS, CONSOLIDATIONS, ACQUISITIONS OF ASSETS 

AND ASSUMPTIONS OF LIABILITIES APPROVED UNDER SECTION 18(c)

OF THE FEDERAL DEPOSIT INSURANCE ACT DURING 1964

Offices operated 2

Banks Number 

of 

banks1

Resources

(in

thousands)2

Prior to 

transaction

After

transaction

ALL CASES

Banks in vo lved...........................................................................

Absorbing banks.....................................................................................

Absorbed banks 3...................................................................................

254

115

139

$27,561,786

25,323,619

2,238,167

1,120,103

407,505

695,940

14,619

1,840

1,597

243

1.837

1.837

National............................................................................................... 66 120

State banks members FRS............................................................... 16 38

Not members FRS.............................................................................. 52 82

Noninsured institutions..................................................................... 5 3

CASES WITH RESULTING BANK 

A NATIONAL BANK

Banks in vo lved........................................................................... 168 $13,130,756 1,121 1,115

Absorbing banks.....................................................................................

Absorbed banks......................................................................................

75

93

11,740,873

1,389,883

890,459

350,986

148,438

964

157

1,115

National............................................................................................... 52 89

State banks members FRS............................................................... 12 31

Not members FRS.............................................................................. 28 37

Noninsured institutions 4................................................................... 1

CASES WITH RESULTING BANK A 

STATE BANK MEMBER OF THE 

FEDERAL RESERVE SYSTEM

Banks involved........................................................................... 33 $12,412,024

12,126,181

285,843

174,376

54,419

57,048

521 524

Absorbing banks..................................................................................... 15 485 524

Absorbed banks...................................................................................... 18 36

National ............................................................................................. 7 18

State banks members FRS............................................................... 3 6.

Not members FRS.............................................................................. 6 12

Noninsured institutions 5.................................................................. 2

CASES WITH RESULTING BANK NOT 

A MEMBER OF THE 

FEDERAL RESERVE SYSTEM

Banks involved...........................................................................

Absorbing banks.....................................................................................

53

25

$ 2,019,006

1,456,565 

562,441 

55,268 

2,100 

490,454

198

148

198

198

Absorbed banks...................................................................................... 28 50

National................................................................................................ 7 13

State banks members FRS............................................................... 1 1

Not members FRS 6........................................................................... 18 33

Noninsured institutions 7.................................................................. 2 14,619 3

1 The number of resulting banks is smaller than the number of transactions, which totaled 133, because a few banks 

engaged in more than one transaction.

2 In cases where an absorbing bank engaged in more than one transaction, the resources included are those of the bank 

before the latest transaction, and the number of offices before the first and after the last transaction.

3 Includes 3 institutions other than banks.

4 Includes one case in which a bank with resources of $4,039 billion, and operating one office in the United States 

acquired the assets, amounting to $10,979 million, and assumed the liabilities of 2 branches of a foreign corporation. The

2 branches were in foreign countries, and are, therefore, not included in FDIC statistics of banks and branches. The resources and number of offices operated by both the absorbing bank and the absorbed offices are omitted from this table.

5 One bank absorbed 2 safe deposit companies which were affiliated with it. Assets and offices of the 2 companies are 

omitted from this table.

6 Includes one case where a branch only was absorbed by a newly organized bank. The resources and office of the 

branch are included in this table.

7 Includes one case in which a savings and loan association was absorbed.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

by the Attorney General of his report regarding the competitive 

factors involved, are shown in Table 15, pp. 31-60.

Bank examinations. The Corporation has long sought to promote 

sound banking. This it does primarily through examinations wherein 

it evaluates bank management and the current condition'of banks, 

and seeks to discover and correct unsafe or unsound practices or 

violations of law and regulations.

The Corporation regularly examines insured State banks not 

members of the Federal Reserve System, which comprise over 

half of all banks. Almost a third of these examinations are made 

jointly or concurrently with those of the State bank supervisory 

authorities. The Corporation may also examine other insured banks 

if deemed necessary for insurance purposes. In lieu of such examinations, it reviews reports of examination made available by 

other Federal agencies. During 1964, there was a sharp drop in 

review activity, as reports of examination of national banks were 

not readily available. The number and type of examinations and 

investigations made in 1963 and 1964, along with reviews made 

of reports, are shown in Table 6.

Citations for unsafe or unsound banking practices and violations

of law. The ultimate remedy available to the Corporation for securing compliance with law and regulations and discontinuance 

of unsafe and unsound practices is termination of a bank’s insured status. This action has taken place only 12 times in the 

Corporation’s history.

Table 6. BANK EXAMINATION ACTIVITIES OF THE FEDERAL 

DEPOSIT INSURANCE CORPORATION IN 1963 AND 1964

Activity

Field exam inations and investigations—to ta l..........................................

Exam inations off m ain offffices......................................................................

Regular examinations of insured banks not members of Federal Reserve Systems

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

Entrance examinations of operating noninsured banks................................................

Exam inations of departm ents and branches.......................................

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

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

In vestig atio n s......................................................................................................

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

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

Banks not members of Federal Reserve System ...........................................................................

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

Mergers and consolidations..............................................................................................

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

Number

1964 1963

12,484 12,099

6,753 6,630

6,592 6,494

124 95

37 41

3,977 3,949

981 1,001

2,996 2,948

1,754 1,520

214 175

5 5

209 170

373 392

147 163

1,020 790

7,600 11,176

57 2,848

1,134 1,666

6,409 6,662

W ashington office review off reports of exam ination of insured

banks—-total........................................................................................................

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

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

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

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUPERVISORY ACTIVITIES 17

When unsafe or unsound banking practices or violations of law 

or regulations are discovered in an insured bank, corrections are 

normally effected through cooperative actions between the Corporation and the bank. If, however, correction does not occur, 

the Corporation gives formal notice of the violation or objectionable practices and grants a stipulated period for their correction. 

Upon failure to comply, the Corporation has the authority to proceed toward termination of the bank’s insured status. Prior to final 

Board action, the bank is given further opportunity to present its 

case, including an administrative hearing. After termination of 

insurance, the insured deposit of each depositor in the bank on 

the date of termination, less all subsequent withdrawals, continues 

to be insured for two years.

During 1964, proceedings to terminate their insured status were 

started against four insured banks. One case was closed when 

necessary corrections were made, while the other three cases 

were pending at the year’s end. The disposition of all cases instituted under the Corporation’s authority to terminate a bank’s 

insured status is shown in Table 7.

Table 7. ACTIONS TO TERMINATE INSURED STATUS OF BANKS 

CHARGED WITH UNSAFE OR UNSOUND BANKING PRACTICES OR 

VIOLATIONS OF LAW OR REGULATIONS, 1936-1964

Disposition or status

1936-1964 1

Started 

during 1964 2

To tal banks against which action was ta k e n ................................................ 189 4

Cases c lo s e d ............................................................................................................ 186 1

Corrections made.................................................................................................................... 72 1

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

W ith fin a n cia l aid of the Corporation .................................................................................................. 6 2

W ithout fin a n cia l aid o f the Corporation ........................................................................................... Q

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

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

failure to make corrections....................................................................................................................................................................................................

34

12

Banks suspended prio r to or on the date of term ination of insured status ................................................... 9

Banks continued in operation^ .............................................................................................................................................................. .................... .... 3

Cases not closed D ecem ber 31, 1964........................................................................................................................................

Correction period not expired............................................................................................................................................................................................................

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

3

1

2

3

1

2

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

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

2 No cases started prior to 1964 were pending at the beginning of the year.

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

Reports from banks. The reports obtained from banks are both 

an important instrument in bank supervision and a valuable source 

of data useful in the analysis of economic conditions and trends. 

Since 1934, the Corporation has prepared tabulations based upon 

reports of condition obtained from insured banks as of mid-year 

and year-end dates. Similar information has been secured from

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

noninsured banks since 1935, permitting tabulation of condition 

data for all banks.

As a result of statutory changes in the method of computing 

deposit insurance assessments, each insured bank has filed four 

reports of condition a year since the beginning of 1961. In 1964, 

reports were required for April 15, June 30, October 1, and December 31. Tabulations of semiannual condition reports, classified 

by State, are published separately by the Corporation.

Reports of income of all banks participating in Federal deposit 

insurance are submitted on a calendar year basis. No information 

is received by the Corporation on the income of noninsured banks.

In addition to the regular calls, a special call was issued as of 

November 18, 1964, for information concerning the number of and 

amounts in deposit accounts of insured banks. Like the last previous comparable call made as of September 21, 1955, its purpose 

was to determine the extent of insurance coverage under present 

and selected higher limitations and to estimate the Corporation’s 

contingent liability.

Tabulations of the assets and liabilities of both insured and 

noninsured banks and data on the income of insured banks are 

presented in Parts Four and Five. Results of the special deposit 

survey are presented in Part Three.

LEGAL DEVELOPMENTS

Federal legislation. Probably the most significant Federal banking legislation enacted in 1964 was that requiring disclosure of 

certain information by banks. Approved by the President on 

August 20, 1964, Public Law 88-467 provides that the powers, 

functions, and duties vested in the Securities and Exchange Commission to administer certain registration, reporting, and disclosure 

provisions of the Securities and Exchange Act of 1934 be vested 

in the Federal Deposit Insurance Corporation with respect to securities issued by insured State banks which are not members of 

the Federal Reserve System. The same authority was vested in 

the Comptroller of the Currency with respect to securities issued 

by national banks, and in the Board of Governors of the Federal 

Reserve System with respect to securities issued by State member 

banks.

The statute imposes the following requirements on banks having assets of at least $1 million and a minimum of 750 shareholders: (1) the filing of an initial registration statement containing information of a financial, legal, administrative, and historical 

nature; (2) the filing of supplemental and amendatory documents 

to the original registration statement, as well as annual and 

periodic reports; (3) the submission, before use, of proxy informaDigitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
LEGAL DEVELOPMENTS 1.9

tion; and (4) the filing by certain stockholders, directors, and 

officers of a monthly report listing changes in their holdings of 

securities in their banks.

Other Federal banking legislation of major importance enacted 

in 1964 included Public Law 88-593, which was signed by the 

President on September 12, 1964. This statute amends the Federal 

Deposit Insurance Act to require the president or other chief 

executive officer of an insured bank, either State or national, 

to report to the appropriate Federal banking authority any change 

in ownership in the bank’s outstanding voting stock resulting in a 

change in the control of the bank. This act also requires such 

banks to report loans which are secured by 25 percent or more 

of the stock of any insured bank. When there has been a change 

in control, the bank is also required to report promptly to the 

appropriate Federal banking agency any changes or replacements 

in the chief executive officer or directors occurring in the next 12- 

month period, including in its report a statement of the past and 

current business and professional affiliations of the new chief 

executive officer or directors.

Public Law 88-563 was signed by the President on September 2, 

1964, imposing a tax retroactive to July 19, 1963, on the acquisition of stock, securities, or other obligations of foreign issuers, 

and depository receipts, or other evidence of interest in or rights 

to acquire such interest. Normally, the tax is not applicable to 

loans made by commercial banks in the ordinary course of banking business. However, the Act empowers the President to extend 

the tax to commercial bank loans to foreign borrowers when he 

determines that the acquisition of such obligations by commercial 

banks has materially impaired the effectiveness of the tax inasmuch as the loans replace acquisitions by individual citizens of 

debt obligations of foreign obligors which are subject to the tax.

Public Law 88-341, signed by the President on June 30, 1964, 

liberalizes the restrictions on loans by national banks with respect 

to forest tracts. The act increases the permitted amount of loans 

by national banks on forest tracts, including land improvements 

thereon, from the previously existing 40 percent to 60 percent 

of the appraised value offered as security for a term of up to 

three years, and, in the case of amortization, permits an extension 

of such loans up to 15 years.

Finally, on September 2, 1964, Public Law 88-560 was approved. 

This provides for additional authorizations and funds to continue 

existing Federal housing programs for another year, and increases 

the limitations on certain real estate loans made by national banks 

from 20 to 25 years maturity and from 75 to 80 percent of the 

appraised value of the real estate securing the loan.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Rules and regulations of the Corporation. Upon enactment of the 

Securities Acts amendments of 1964 on August 20, 1964, responsibility was placed in the Federal Deposit Insurance Corporation for 

administering sections 12, 13, 14(a), 14(c), and 16 of the Securities 

Exchange Act of 1934, as amended, with respect to insured State 

banks which are not members of the Federal Reserve System. In 

implementation of this new law, proposed rules and regulations 

of the Corporation were published in two instalments on August 26 

and September 17, 1964, and interested parties were afforded an 

opportunity to submit their comments, views, and arguments. 

Revised rules and regulations were adopted on December 31,

1964, and became effective on January 1, 1965. These new regulations appear as a new Part 335 to Title 12 of the Code of Federal 

Regulations. They cover six general areas: (1) registration statements and reports of banks; (2) inspection and publication of information; (3) proxy information; (4) individual officer, director, 

and stockholder holding reports; (5) form and content of financial 

and reporting statements; and (6) forms for annual and stockholder reports.

On November 24, 1964, Part 329 of the Corporation’s regulations was amended to conform with an amendment adopted by 

the Board of Governors of the Federal Reserve System providing 

for payment of a maximum p e rm is s ib le rate of interest of 41/2 

percent per annum on certain deposits by national and other member banks. Section 329.6 was amended to permit insured State 

nonmember banks to pay a maximum permissible rate of 41/2 

percent per annum, compounded quarterly, on time deposits which 

have maturities of 90 days or more from the date of deposit, and 

to pay a maximum permissible rate of 4 percent per annum, compounded quarterly, on savings deposits and time deposits with 

maturities of less than 90 days.

On May 7, 1964, an official interpretation was added to Part 330 

(Recognition of Deposit Ownership Not on Bank Records) of the 

Corporation’s regulation dealing with the computation of interests 

of beneficial owners of commingled funds on deposit in custodial 

accounts in insured banks. Section 330.4 provides that if the name 

and interest of an owner of any portion of a specifically designated 

custodial deposit is disclosed on the records of the person in 

whose name the deposit is maintained and such records are maintained in good faith and in the regular course of business, such 

owner will be recognized for all purposes of claim for insured 

deposits to the same extent as if his name and interest were 

disclosed on the records of the bank.

Heretofore, Section 330.4 has been interpreted to mean that 

where a portion of commingled funds, held in custody by a

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
LEGAL DEVELOPMENTS 21

depositor for the benefit of various beneficiaries, is deposited in 

one or more insured banks, the exact interest, in dollars and cents, 

of each beneficial owner must, at all times, be shown on the 

records of the depositor and that such interest could not be computed on a fractional or percentage basis.

The new interpretation provides that if the records of the depositor, maintained in good faith and in the regular course of 

business, reflect, at ail times, the name and ascertainable interest 

of each beneficial owner in a specifically designated custodial 

deposit, such interest may be determined on a fractional or percentage basis and each beneficial interest shall be separately 

insured. This may be accomplished in any manner which indicates 

that where the funds of a beneficial owner are commingled with 

other funds held in custody and a portion thereof is placed on 

deposit in one or more insured banks, his interest in a custodial 

deposit in any one insured bank would represent at any given 

time the same fractional share as his share of the total commingled 

funds.

Pertinent provisions of the foregoing statutes, regulations, 

amendment, and interpretation, along with a summary of significant State banking legislation, are presented in Part Two of this 

report.

Deposit insurance litigation. The Corporation in 1964 instituted 

several declaratory judgment actions to determine the insured 

status of funds shown on the bank’s records as deposits, on which 

the person placing the funds in the bank received more compensation than permitted to be paid on deposits under applicable Federal regulations. This action was taken pursuant to the provision 

of section 11(f) of the Federal Deposit Insurance Act that in any 

case where the Corporation is not satisfied as to the validity of a 

claim for an insured deposit, it may require the final determination 

of a court of competent jurisdiction before paying such claim. It 

is the position of the Corporation that the funds involved in the 

litigation were not received in the usual course of business as 

required by the definition of the term “ deposit” in the Federal 

Deposit Insurance Act but were actually borrowings by the bank.

ADMINISTRATION OF THE CORPORATION

Structure and employees. Management of the Federal Deposit 

Insurance Corporation is vested in a bipartisan Board of Directors 

of three members appointed by the President by and with the 

advice and consent of the Senate. The two directors appointed 

specifically to the Board are named for terms of six years; one of 

them serves as Chairman. The Comptroller of the Currency serves

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

ex officio as the third director. No more than two directors may 

be members of the same political party.

Mr. Joseph W. Barr was appointed to a six-year term as a member of the Board of Directors on January 22, 1964, and was elected 

Chairman the following day. Mr. James J. Saxon, the Comptroller 

of the Currency, served as a director throughout 1964 and acted 

as Chairman until Mr. Barr’s election to that office. Following expiration of the term of office of Mr. Jesse P. Wolcott on January 

26, 1964, Mr. Kenneth A. Randall was appointed to a six-year term 

as director on March 10, 1964, and was elected Chairman on 

April 21, 1965, after the designation of Mr. Barr to become Undersecretary of the Treasury. Mr. Barr continued as director until his 

resignation effective April 29, 1965.

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

to an organization chart of the Corporation. The location of each 

district office and the area it serves, with the names of the respective Supervising Examiners, are given on page vi.

Greater activity in handling bank liquidations and the filling of 

vacancies resulted in an increase of 139 in the personnel of the 

Corporation during the year. Almost one-fourth of the added employees were temporary, being engaged in liquidation activity at 

the site of each liquidation and released in accordance with the 

progress of the particular liquidation. At the end of 1964, there 

were 67 temporary employees as compared with 36 at the end 

of 1963. During the course of the year 215 temporary field liquidation employees were hired and 185 separated. A distribution of 

the Corporation’s employees at the end of 1963 and 1964, by Division and location, is shown in Table 8.

Table 8. NUMBER OF OFFICERS AND EMPLOYEES OF THE FEDERAL

DEPOSIT INSURANCE CORPORATION, DECEMBER 31, 1963 AND 1964

Division

Total Washington

office

District and other 

field offices

1964 1963 1964 1963 1964 1963

T o t a l....................................................... 1,388 1,249 346 289 1,042 960

Directors.............................................. 3 2 3 2 0 0

Executive Offices................................. 29 19 29 19 0 0

Legal Division...................................... 26 21 26 21 0 0

Division of Examination..................... 1,013 958 58 55 955 903

Division of Liquidation....................... 108 64 41 28 67 36

Division of Research and Statistics.. 65 47 65 47 0 0

Audit Division...................................... 38 40 18 19 20 21

Office of the Controller...................... 106 98 106 98 0 0

The turnover rate among employees was about the same as in 

1963. For all employees (excluding temporary field liquidation 

personnel) it was 16 per 100, compared with 17 per 100 in 1963. 

Among field examiners, who comprise the largest group of employees, it continued at 12 per 100. Of the 91 examiners who left

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
ADMINISTRATION OF THE CORPORATION 23

the Corporation’s employ in 1964, 32 went to banks or to other 

bank supervisory agencies.

Employee benefits and programs. Nearly all Corporation employees have elected, where they have an option, to avail themselves of the benefits which generally apply to employees of the 

Federal government. All are covered by retirement annuity systems, 89 percent participate in the Federal Employees Group 

Life Insurance program, and 87 percent participate in the Federal 

Employees Health Insurance program.

The high qualifications required of examiners and the demand 

elsewhere for their skills caused the Corporation to start an on-thejob training program in 1946 which has evolved into an educational program with several facets. The program consists primarily 

of correspondence courses, but encompasses also participation 

in graduate schools of banking at nine leading universities, a bank 

examination school staffed by Corporation and Federal Reserve 

System personnel, and regional training programs in automation. 

At the end of 1964, about three-fourths of all examiners were enrolled in such study courses.

FINANCES OF THE CORPORATION

Assets and liabilities. Assets of the Corporation totaled $3,008.9 

million on December 31, 1964. United States Government obligations, valued at amortized cost, with accrued interest, comprised 

$2,981.5 million. About half of the remaining $27.4 million consisted of the estimated net value of assets acquired in insurance 

transactions. The Corporation’s headquarters building and site 

were valued at $8.2 million, and cash at hand amounted to $4.9 

million.

Liabilities of the Corporation on December 31, 1964, totaled 

$164.2 million. Net assessment income credits and other credits 

due insured banks, amounting to $161.1 million, were the principal 

liability items. The excess of the Corporation’s assets over its 

liabilities, consisting of the accumulated net income since inception, constitutes the deposit insurance fund. At the end of 1964 this 

fund amounted to $2,844.7 million. Assets and liabilities of the 

Corporation on December 31, 1964, are presented in Table 9.

Further resources are available to the Corporation through its 

borrowing authority. The Corporation has authorization to borrow 

from the U. S. Treasury, and the Secretary of the Treasury is 

authorized and directed to loan to the Corporation, on such terms 

as they may agree upon, not to exceed $3 billion outstanding at 

any one time, when in the judgment of the Corporation’s Board 

of Directors such funds are required for insurance purposes. This 

borrowing power has never been used.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 9. STATEMENT OF FINANCIAL CONDITION, FEDERAL DEPOSIT 

INSURANCE CORPORATION, DECEMBER 31, 1964

ASSETS

!

j

i

] $ 4,884,751

U.S. G overnm ent obligations:

Securities at amortized cost (face value $2,969,620,500; market or redemption

value $2,869,798,878)............................................................................................

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

$2,955,054,328 

26,456,824 j 2,981,511,152

i

Assets acquired in receivership and deposit assum ption

transactions: 1

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

Net insured balances of depositors in closed insured banks, to be subrogated

when paid— see related liability 2 ....................................................................... 1

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

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

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

$

I

21,164,000 :

560,939

953,791

1,464,320

32,553

Less reserves for losses........................................

$ 24,175,603

10,019,669 14,155,934

M iscellaneous assets................................................................................ 145,175

Land and office building, less depreciation on b u ild in g......... 8,176,151

Furniture, fixtures, and equipm en t (cost $ 8 8 5 ,0 4 7 )................. 1

Total assets........................................................................... $3,008,873,164

LIABILITIES AND DEPOSIT INSURANCE FUND 3

Accounts payable and accrued liab ilitie s ........................................ $ 1,104,110

Earnest money, escrow funds, and collections held for

oth ers.................................................................................................... 179,885

Accrued annual leave of em ployees.................................................. 1,271,724

Due insured banks:

Net assessment income credits available July 1,1965 4 (See Table 11)................

Other assessment credits available immediately..................................................

$ 145,189,588

15,901,702 161,091,290

N et insured balances of depositors in closed insured banks

—see related asset......................................................................... 560,939

Total lia b ilitie s ..................................................................... $ 164,207,948

Deposit insurance fund, net incom e accum ulated since

inception 5 (See Table 1 0 )........................................................... 2,844,665,216

Total liab ilities and deposit insurance fu n d ..........

l

$3,008,873,164

The following notes are an integral part of this statement.

1 Reported hereunder is the book value of assets in process of liqiudation. An analysis of all assets acquired in receivership and deposit assumption transactions, including those assets which have been liquidated, is furnished in Table 3.

2 The amount reported under this caption does not include any portion of certain Certificates of Deposit, carried on the 

books of some of the closed banks as "deposits” , which are in litigation to determine whether they represent funds 

received by the banks in the usual course of business. If the Courts find that all such Certificates of Deposit were acquired 

in the usual course of business, the holders would be entitled to recover the insured portion from the Corporation, amounting to about $1.3 million. The Corporation would in turn have a common claim against the banks’ assets in like amount.

3 Capital stock was retired by payments to the United States Treasury in 1947 and 1948 pursuant to the Acts of August 

5, 1947 (61 Stat. 773) and June 29, 1948 (62 Stat. 1092), with total interest payments made thereon in 1950 and 1951, 

pursuant to the Act of September 21, 1950 (64 Stat. 873).

4 Represents the portion of the Corporation’s net assessment income for 1964 which, pursuant to the Federal Deposit 

Insurance Act (12 U.S.C. 1817), shall be credited to assessments becoming due from insured banks after June 30, 1965. 

These credits in effect reduce insured banks’ assessments for 1964 from the statutory rate of one-twelfth of one percent of 

assessable deposits to an effective rate of almost one thirty-first of one percent of such deposits.

5 The deposit insurance fund of $2.8 billion as of December 31, 1964, represents the accumulated net income of the 

Corporation and is available for insuring deposits and payment of expenses. The Fund amounts to 1.48 percent of insured 

deposits, estimated at $191.8 billion; and to 0.82 percent of total deposits in all insured banks, amounting to approximately 

$349.0 billion. In addition to this Fund, the Corporation is authorized to borrow from the United States Treasury, and the 

Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary, not to exceed $3 billion outstanding at any one time, when in the judgment of the Board of 

Directors of the Corporation such funds are required for insurance purposes. No borrowings have been made under this 

authorization.

NOTE: This statement does not include accountability for the assets and liabilities of either the closed insured banks 

for which the Corporation acts as receiver or liquidating agent or those of the two wholly owned Deposit Insurance National 

Banks in operation on December 31,1964. Periodic and final accountability reports of its activities as receiver or liquidating 

agent are furnished by the Corporation to the Courts, supervisory authorities, and others, as required. The operating 

deficits of the two Deposit Insurance National Banks, amounting to $27,908, are reflected in the Corporation’s statement 

of income and deposit insurance fund.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FINANCES OF THE CORPORATION 25

Income and expenses in 1964. Net income added to the deposit 

insurance fund during 1964 amounted to $176.7 million. Income 

from assessments aggregated $93.0 million, after allowing a credit 

of $145.2 million to insured banks as their share of the net assessment income for the year. Other income, derived principally from 

investments in U. S. Government securities, totaled $104.1 million. 

Operating expenses amounted to $15.5 million, and provision for 

insurance losses and absorbed insurance expenses aggregated 

$4.9 million. The Corporation’s income and expenses for the year 

ended December 31, 1964, are presented in Table 10.

Table 10. STATEMENT OF INCOME AND THE DEPOSIT INSURANCE 

FUND, FEDERAL DEPOSIT INSURANCE CORPORATION,

YEAR ENDED DECEMBER 31, 1964

In co m e:

Deposit insurance assessments:

Assessments earned in 1964............................................

Less net assessment income credits to insured banks....................................

$238,196,409

145,185,179 $ 93,011,230

Adjustments of assessments earned in prior years...................... 32,350

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

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

$ 93,043,580

104,111,445

9,794

Total in co m e......................................................................... $ 197,164,819

Expenses and Losses:

Administrative and operating expenses:

Salaries and wages....................................................

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

Travel expenses.....................................................................................................

Office rentals, communications and other expenses......................

$ 10,575,829 

675,480 

2,618,268 

1,588,233 $ 15,457,810

Provisions for insurance losses:

Applicable to 1964.................................................................................................

Adjustments applicable to prior years................................................................

$ 4,131,000 

414,925 4,545,925

Non-recoverable insurance expenses incurred to protect depositors— net............ 405,382

Total expenses and lo sses............................................. $ 20,409,117

N et incom e for 1 9 6 4 —addition to the deposit insurance fu n d . $ 176,755,702

Deposit insurance fun d, January 1, 1 9 6 4 ....................................... 2,667,909,514

D eposit insurance fun d, D ecem ber 31, 1964, net incom e

accu m u lated since inception (See Table 9 and note 5

of Table 9 ) .......................................................................................... $2,844,665,216

The statutory assessment rate of one-twelfth of 1 percent of 

assessable deposits would have yielded assessment income of 

$238.2 million in 1964. The Federal Deposit Insurance Act of 1950 

(as amended) provides, however, that expenses and losses be 

charged to such assessment income, and that two-thirds of the 

remainder be credited to insured banks and one-third to the Corporation. Credits provided under this allocation reduced the effective assessment rate in 1964 to one-thirty-first of 1 percent of 

assessable deposits. The determination and distribution of net 

assessment income in 1964 is shown in Table 11.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 11. DETERMINATION AND DISTRIBUTION OF NET ASSESSMENT 

INCOME, FEDERAL DEPOSIT INSURANCE CORPORATION,

YEAR ENDED DECEMBER 31, 1964

D eterm ination of net assessm ent incom e:

Total assessments which became due during the calendar year.............

Less:

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

Net additions to reserve to provide for insurance losses:

Provisions applicable to 1964.......................................................................

Adjustments to provisions made in prior years........................................

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

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

N et assessm ent incom e for 1964...................................

$ 4,131,000 

421,925 1

$238,196,409

$ 15,457,810

4,552,925 

407,906 *

$145,185,179

4,409

$ 20,418,641

$217,777,768

D istribution of net assessm ent incom e, D ecem ber 31,1964:

Net assessment income for 1964:

33V^% transferred to the deposit insurance fu n d ............................................ $ 72,592,589 

66% % credited to insured banks........................................................................ 145,185,179

T o ta l.......................................................................................... $217,777,768

Allocation of net assessm ent incom e credit among insured

banks, D ecem ber 31, 1964:

Credit for 1964...........................................................

Percentage of total 

assessment 

becoming due in 

1964

60.952%

Adjustments of credits for prior years................................................................... .002

T o ta l.......................................................................................... $145,189,588 60.954%

1 Adjustments reported on Table 10 reflect a reduction in provision for loss of $7,000 not applicable to net assessment 

income.

2 Insurance expenses reported on Table 10 are net after applying a credit of $2,524, representing income not applicable 

to net assessment income.

In addition to its income, the roll-over of its investments and 

minor miscellaneous sources provide funds which the Corporation 

has at its disposal. As shown in Table 12, most of the activity is in 

its securities account, i.e. redemption and sale of U. S. Government securities on one hand, and their purchase on the other.

Table 12. SOURCES AND APPLICATION OF FUNDS, FEDERAL DEPOSIT 

INSURANCE CORPORATION, YEAR ENDED DECEMBER 31, 1964

Funds provided by:

Net deposit insurance assessments............................................................................................................

Income from U.S. Government securities, less amortized net discounts..............................................

Maturities and sales of U.S. Government securities.................................................................................

Collections on assets acquired in receivership and deposit assumption transactions........................

Increase in assessment credits due insured banks..................................................................................

Total funds p rovid ed.........................................................................................

$ 93,043,580 

102,955,164 

529,829,159 

8,368,421 

8,951,926

$743,148,250

Funds applied to:

Administrative, operating and insurance expenses, less miscellaneous credits..................................

Acquisition of assets in receivership and deposit assumption transactions.........................................

$ 15,718,008 

12,201,824 

43,652 

710,889,028 

4,295,738

Construction costs of office building............................................................................................................

Purchases of U.S. Government securities..................................................................................................

Net change in other assets and liabilities..................................................................................................

Total funds a p p lie d ............................................................................................ $743,148,250

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FINANCES OF THE CORPORATION 27

Income and the deposit insurance fund, 1934-1964. Table 13 presents a recapitulation of the income, expenses, and losses of the 

Corporation for each year since its establishment.

The steady rise in investments from a relatively minor status 

as a source of income to its position of preeminence is apparent

Table 13. INCOME AND EXPENSES, FEDERAL DEPOSIT INSURANCE 

CORPORATION, BY YEARS, FROM BEGINNING OF OPERATIONS, 

SEPTEMBER 11, 1933, TO DECEMBER 31, 1964,

ADJUSTED TO DECEMBER 31, 1964

(In millions)

Year

Income

Total

Deposit

insurance

assessments1

Investments

and

other

sources2

Expenses and losses

Total

Deposit 

insurance 

losses and 

expenses

Interest 

on capital 

stock3

Administrative

and

operating

expenses

Net 

income 

added to 

deposit 

insurance 

fund4

1933-64.

1 9 6 4 ....

1 9 6 3 ....

1 9 6 2 ....

1 9 6 1 .... 

1960. 

1959.

1 9 5 8 ....

1 9 5 7 ....

1 9 5 6 ....

19 5 5 ....

1 9 5 4 ....

1 9 5 3 ....

1 9 5 2 ....

1951.. ..

1950.. .. 

1949

1948.

1947

1946.

1 9 4 5 ....

1 9 4 4 ....

1 9 4 3 .... 

1942. 

1941 

1940. 

1939.

1938.

1 9 3 7 ....

1 9 3 6 ....

1 9 3 5 .... 

1933-34.

$3,178.5

197.1

181.9

161.1

147.3

144.6

136.5

126.8

117.3

111.9

105.7

99.7

94.2 

88.6

83.5

84.8 

151.1

145.6 

157.5

130.7 

121.0

99.3

86.6

69.1 

62.0

55.9

51.2

47.7

48.2

43.8

20.8

7.0

$2,077.9

93.0

84.2

76.5

73.4

79.6

78.6

73.8

69.1

68.2

66.1

62.4

60.2

57.3

54.3

54.2 

122.7

119.3

114.4 

107.0

93.7

80.9

70.0

56.5

51.4

46.2

40.7

38.3

38.8

35.6

11.5

(5)

$1,1 0 0 .6

104.1

97.7

84.6

73.9

65.0

57.9

53.0

48.2

43.7

39.6

37.3

34.0

31.3

29.2

30.6

28.4

26.3

43.1

23.7

27.3

18.4

16.6

12.6

10.6

9.7

10.5

9.4

9.4 

8.2

9.3 

7.0

$333.8

20.0

16.4

13.8

14.8

12.5 

12.1

11.6

9.7

9.6

9.0

7.8

7.3

7.8

6.6

7.8

6.4

7.0

9.9 

10.0

9.4

9.3

9.8

10.1

10.1

12.9

16.4

11.3 

12.2

10.9

11.3 

10.0

$37.0

4.5

2.0

.1

1.6

.1 

.2

1.4 

.3

.7

.1

.1

.1

.1

.2

.5

.6

3.5 

7.2

2.5

3.7

2.6

2.8

.2

$80.6

.6

4.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8

5.8 

5.6

$216.2 $2,844.7

15.5 177.1

14.4 165.5

13.7 147.3

13.2 132.5

12.4 132.1

11.9 124.4

11.6 115.2

9.6 107.6

9.1 102.3

8.7 96.7

7.7 91.9

7.2 86.9

7.0 80.8

6.6 76.9

6.4 77.0

6.1 144.7

5.7 138.6

5.0 147.6

4.1 120.7

3.5 111.6

3.4 90.0

3.8 76.8

3.8 59.0

3.7 51.9

3.6 43.0

3.4 34.8

3.0 36.4

2.7 36.0

2.5 32.9

2.7 9.5

4.2 6 -3 .0 7

1 For the period from 1950 to 1964, inclusive, figures are net after deducting the portion of net assessment income 

credited to insured banks pursuant to provisions of the Federal Deposit Insurance Act of 1950, as amended. Assessment 

credits to insured banks for these years amounted to $1,456 million, equal to 58 percent of gross assessments.

2 Includes $9.1 million of interest and allowable return received on funds advanced by the Corporation in 161 receivership and deposit assumption cases.

3 Paid in 1950 and 1951, but allocated among years to which it applies. Initial capital of $289 million was retired by 

payments to the United States Treasury in 1947 and 1948.

4 The amounts shown herein give effect to adjustments to the deposit insurance fund in the years to which they are 

applicable, whereas the amounts of the Fund shown in Table 14 represent the Fund as reported on the dates specified. 

Hence the deposit insurance fund reported in Table 14 cannot be computed by annual addition of income reported herein, 

except for the Fund as of December 31,1964.

5 Assessments collected from members of the temporary insurance funds which became insured under the permanent 

plan were credited to their accounts at the termination of the temporary funds and were applied toward payment of subsequent assessments becoming due under the permanent insurance fund, resulting in no income to the Corporation from 

assessments during the existence of the temporary insurance funds.

6 Net after deducting the portion of expenses and losses charged to banks withdrawing from the temporary insurance 

funds on June 30,1934.

7 Deduction.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

in the table. In the late 193Q’s investments provided about onefifth of the Corporation’s income. The formula which reduced 

assessment income starting in 1950 permitted investment income 

to overtake it by 1961 as the major income source. Operating expenses have risen steadily, conforming to a generally common 

experience. The low level of insurance losses, despite some advance in recent years, has been particularly significant in permitting the deposit insurance fund to grow to a level nearly matching the Corporation’s borrowing power.

The relationship between the deposit insurance fund and the 

Corporation’s contingent liability, that is, insured deposits, has 

long been observed as a reference point of some significance. 

Similarly, attention has also been given to the relationship betweeen the insurance fund and total deposits in insured banks, 

including deposits not insured but whose security still concerns

Table 14. INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND,

1934-1964

Year 

(Dec. 31)

Deposits in 

insured banks 

(in millions)

Percent

of

deposits

insured

Deposit

insurance

fund

(in

millions)

Ratio of deposit 

insurance fund to—

Total

deposits

Insured

Total Insured 1 deposits

1964.................. $348,981 $191,787 55.0% $2,844.7 .82% 1.48%

1963.................. 313,3042 177,381 56.6 2,667.9 .85 1.50

1962.................. 297,548 3 170,210 4 57.2 4 2,502.0 .84 1.47 4

1961.................. 281,304 160,309 4 57.0 4 2,353.8 .84 1.47 4

1960.................. 260,495 149,684 57.5 2,222.2 .85 1.48

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

1 Figures estimated by applying to the deposits in the various types of account at the regular call dates the percentages 

insured as determined from special reports secured from insured banks.

2 December 20, 1963.

3 December 28, 1962.

4 Revised.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FINANCES OF THE CORPORATION 29

both depositors and the Corporation. The overriding observation 

that might be made about these ratios is their remarkable stability 

over the years, as indicated in Table 14. The ratio of the deposit 

insurance fund to insured deposits has varied within a range of 

1.3 to 2.0 percent; and the ratio of the fund to total deposits in 

insured banks has stayed within a range of 0.6 to 0.9 percent. At 

the end of 1964, the respective ratios were 1.5 percent and 0.8 

percent.

Ratios of the deposit insurance fund to insured or total deposits 

do not, of course, measure all the elements of the Corporation’s 

risk. There are specific areas of risk, such as those represented 

by banks with inadequate capital, or large amounts of substandard 

assets, or in situations especially vulnerable to adverse developments. Other risks come from the concentration of deposits, in 

geographic areas as in individual banks.

At the same time, it is well to remember that means other than 

the deposit insurance fund protect bank depositors. The different 

supervising agencies provide a continuing basis for confidence 

through examinations, required reports, and other supervisory 

powers and actions. Depositors, particularly large depositors, 

exert a disciplinary influence through their preference for doing 

business with banks which show strength in the various dimensions of financial soundness. Banks themselves possess great 

financial strength in the form of high quality assets which exceed 

liabilities by a substantial capital margin. Validating these various 

elements of depositor security is the determination to promote 

the full employment, improving productivity, and price stability 

characteristic of a dynamic economy.

Audit. The Audit Division of the Corporation conducts a continuing internal audit of its financial operations, including the Corporation’s fiscal involvement in liquidation activities. Insurance 

assessments computed and paid by insured banks are verified by 

field audits on a sample basis and by routine verification in the 

office of the Fiscal Agent.

Outside audits of the Corporation have been made each year 

since its beginning, first by private firms, and since 1945 by the 

General Accounting Office. The report on audit conducted by 

the Comptroller General for the year ended June 30, 1964, was 

not available in time for inclusion in this report.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 31

Table 15. DESCRIPTION OF EACH MERGER, CONSOLIDATION, 

ACQUISITION OF ASSETS OR ASSUMPTION OF LIABILITIES 

APPROVED BY THE CORPORATION DURING 1964'

Case No. 1

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Continental Illinois National Bank

and Trust Company of Chicago,

Chicago, Illinois 

to acquire the assets and assume

liabilities of two branches of

4,039,116 2 2

Nationale Handelsbank, N.V., 

Amsterdam, Holland 3

10,979 2

Sum m ary report by A ttorney General, D ecem ber 23, 1963

Continental Illinois National Bank and Trust Company of Chicago seeks to 

acquire from Nationale Handelsbank, N.V., a Netherlands corporation, its Japanese branches in Tokyo and Osaka. In terms of size the institutions to be 

acquired represent less than one-half of one percent of that of Continental 

Illinois. In each city the only branch offices of United States banks are those 

of New York and San Francisco banks. No Chicago banks maintain branch 

facilities in either city.

No further information is furnished by the applicants with respect to the 

competitive aspects of the proposed transaction. On the basis of the information 

which is provided it would not appear at this time that the acquisitions in question 

would involve substantial competitive issues affecting domestic or foreign trade.

Basis for Corporation approval, January 3, 1964

This transaction involves the acquisition by Continental of the Tokyo and Osaka 

branches of Nationale Handelsbank, N.V., a Netherlands corporation. Since 

nationalization of its Indonesia branches, Nationale Handelsbank has desired to 

dispose of its other Far Eastern branches and this transaction will facilitate the 

liquidation of its Far Eastern business. Continental’s only foreign branch is in 

London. Bank of America NT&SA, The Chase Manhattan Bank, and First National 

City Bank of New York operate branches in both Tokyo and Osaka.

The transaction, which will enable Continental to more effectively service the 

banking requirements of its domestic and foreign customers and those of other 

American and foreign concerns operating in Japan, as well as increase competition among American banks for this business, is considered to be in the public 

interest.

Case No. 2

Resources

(in

thousands

of dollars)

Banking offices

in

operation

To be

operated

Montcalm Central Bank,

Stanton, Michigan 

to consolidate with

The State Bank of Crystal,

Crystal

9,128

2,424

Sum m ary report by A ttorney General, Novem ber 4, 1963

Montcalm Central Bank is proposed to result from a consolidation of an existing 

bank of that name with The State Bank of Crystal, the facilities of the latter to be 

operated as a branch office.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Both existing banks operate within the same service area, so that some 

overlapping of loan and deposit accounts exists. Nearest offices are 11 miles 

apart, but the banks have traditionally confined most of their activity to their respective immediate areas. A substantial number of independent banks will continue to operate in the general territory, so that adverse effects upon competition 

will not be significantly adverse.

Basis for Corporation approval, January 3, 1964

Much of Montcalm County is included in the service area involved in this 

consolidation and the consolidated bank’s service area will be extended some 

few miles eastward. Seven banks, of which Montcalm Central Bank is third 

largest and among which The State Bank of Crystal ranked sixth, operate a 

total of 12 banking offices in the county. The relatively small increases in deposits 

and loans attributable to the consolidation will not change the third-place standing of Montcalm Central Bank; and, it is notable that the smallest of the seven banks 

had a greater loan volume than did Crystal. Competition between the principals 

has been only moderate but there are statistical indications that Crystal has been 

ineffective as a competitor. A severe management succession problem, which 

appears to be of such magnitude as to seriously threaten the continued existence 

of Crystal as a unit bank, will be solved by the consolidation.

The resultant bank will retain an office in Crystal, Michigan, continuing to fill 

the need for banking services in that area and will bring into the community a 

lending program that is characterized as progressive and aggressive. Numerous 

other banking offices, other than those within the county, are within easy distances 

of many points in the county.

It is concluded that this consolidation is in the public interest and that it does 

not involve a tendency toward monopoly.

Case No. 3

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The Pennsylvania Bank and Trust

Company,

Titusville, Pennsylvania 

to merge with

46,463 5 6

The Youngsville National Bank,

Youngsville

4,662 1

Sum m ary report by A ttorney General, Novem ber 13, 1963

Pennsylvania Bank and Trust Co. operates in two service areas— one comprising most of Warren County and the other comprising contiguous portions 

of Warren, Crawford, Venango and Forest Counties. Only a few banks conduct 

business in these sparsely populated areas. In the first, the charter and merging banks compete with each other and with the Warren National Bank. Of 

these three banks, Youngsville is many times smaller than either of the other 

two, which are of substantially the same size. In this area the proposed merger 

would eliminate the existing competition between the charter and merging 

banks and leave the area’s banking business to only two banks, both of which 

have grown, to a large degree, through recent mergers and acquisitions.

In the second service area, the charter bank competes primarily with the 

much smaller Second National Bank in Titusville and, it is believed, to a considerably less degree with two large banks in Oil City, 16 miles from Titusville 

and roughly 40 miles from Warren. In this area the proposed merger would 

affect, though probably not substantially, competition between the charter bank 

and Second National.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 33

In view of the elimination of competition between the charter and merging 

banks, the increase in concentration in already concentrated Warren County 

and the disparity in size between the charter bank and Second National, its 

principal competitor in Titusville, the competitive effects of this merger may 

be adverse.

Basis for Corporation approval, April 1, 1964

The relevant service area involved in this merger is located in northwestern 

Pennsylvania, encompassing all of Warren County, the eastern portion of Crawford County, the northern portion of Venango County and a small portion of 

Forest and McKean Counties. The area is lightly populated and the economy 

principally industrial with some agriculture. Within this area, The Pennsylvania 

Bank and Trust Company operates its main office and four branches— Youngsville is a unit bank. The main offices of the banks are 30 miles apart and the 

closest offices 9 miles apart. There is no significant competition between them 

which will be eliminated.

The Pennsylvania Bank and Trust Company is the fourth largest of six banks 

operating in this area and its rank will be unchanged as a result of the 

merger. It will hold approximately one-sixth of the aggregate IPC deposits and 

loans of the banks operating in the area and, although the increment in its 

size resulting from this transaction is modest, it would provide increased competition for the third largest bank, The Warren National Bank, both in terms of 

size and office location. The fifth largest bank, which is substantially smaller 

than all others in the area, would not be affected by the merger.

The service area of The Pennsylvania Bank and Trust Company generates 

a limited loan demand while the loan demand in the area of the Youngsville 

Bank is beyond the latter’s ability to conveniently serve. Consummation of the 

merger will enable Pennsylvania, with its larger resources and availability of 

funds, to more conveniently serve the growing credit and other banking requirements of the Youngsville area.

It is concluded that the merger, which will not have an unfavorable effect 

on competition, or the banking structure of the area, and will provide increased 

availability of funds and support for continuing industrialization of the area, is in 

the public interest.

Case No. 4

Resources

( i n

Banking offices

thousands

of dollars)

In

operation

To be

operated

Fidelity-Bankers Trust Company,4

Knoxville, Tennessee (change title 

to Valley Fidelity Bank and Trust Company) 

to merge with

2,817 1 6

The Tennessee Valley Bank,

Knoxville

34,262 5

Sum m ary report by A ttorney General, January 20, 1964

Tennessee Valley is the third largest of five commercial banks serving Knoxville, Tennessee. It seeks to acquire Fidelity-Bankers which engages primarily in 

trust work and mortgage loans. Except for minor services, the participants do not 

compete with each other. The addition of the loan accounts of Fidelity-Bankers 

to those of Tennessee Valley would not substantially alter that bank’s position in 

Knoxville commercial banking. Moreover, it would put Tennessee Valley in a position to compete for the first time with Knoxville’s largest bank for trust business.

It does not appear that the effect of the proposed acquisition on competition 

would be adverse.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Basis for Corporation approval, April 1, 1964

Fidelity-Bankers Trust Company does not conduct a commercial banking business nor accept deposits, whereas Tennessee Valley Bank is a commercial bank 

which does not exercise trust powers. Consequently, there is no competition to 

be eliminated; in fact, the services provided by each bank tend to complement 

each other. The resulting bank will be a full-service institution able to compete 

more effectively with two other much larger banks in Knoxville. Tennessee Valley 

Bank is third largest among five commercial banks serving the area, and this 

merger will not alter that position in relation to total deposit volume. The resulting bank will be less than one-fifth the size of Knoxville’s largest bank, when 

measured in terms of total deposits, and less than one-third the size of the second 

largest bank.

There is no tendency toward monopoly involved and the merger of these two 

institutions would permit intensified competition with the two largest banks. It 

was concluded further that the convenience and needs of the community would 

be served as a result of the proposal and that its consummation would be in the 

public interest.

Case No. 5

Resources / i n Banking offices

Un

thousands

of dollars)

In

operation

To be

operated

Citizens Bank of Maryland,

Riverdale, Maryland 

to merge with

97,379 15 17

National Bank of Maryland, Silver Spring,

Silver Spring

6,679 2

Sum m ary report by A ttorney General, January 3, 1964

A degree of actual and potential competition between the merging banks will 

be eliminated by the proposed merger.

The principal competitor of each of the banks is Suburban Trust Company, 

which dominates the service area with approximately 45 percent of all deposits 

and 50 percent of all loans and discounts. In the service area there are also 15 

other banks, all of which are smaller than Citizens and 6 of which are smaller 

than National.

The merger may place upon the smaller banks the burden of meeting the competition of the resulting bank as well as that of Suburban Trust and may force 

them to consider merging with one of the larger banks in the service area. That 

there is already a merger trend in the area is indicated by the mergers effectuated by Suburban Trust Company in its ascent to a dominant position.

The proposed merger further increases the size of one of the larger banks in 

the area and may place the smaller banks at a greater competitive disadvantage, 

thereby increasing the probability of further merger activity with a resultant 

adverse effect on competition.

Basis for Corporation approval, April 22, 1964

The merging banks operate in Montgomery and Prince Georges Counties, Maryland, both of which border on Washington, D. C. Within this area, they are 

subject to competition, not only from local Maryland banks, one of which is 

almost three times larger than the resulting bank, but also from recently established branches of significantly larger Baltimore banks, and from larger banks in 

the District of Columbia. There is some competition between the merging banks, 

particularly in the Silver Spring area, which will be eliminated, but it is not 

significant in relation to the total banking competition just described. Although 

the modest increase in resources and capital which the applicant would enjoy as 

a result of the transaction would not materially affect the banking structure or

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 35

competition among banks in the two counties, Citizens Bank of Maryland feels 

that the increase will enable it to provide more effective competition to these 

larger banks, and to offer better banking services required by the constantly 

expanding economy of its service area.

Since favorable findings have been made on all factors required to be considered by law, it is concluded the merger is in the public interest.

Case No. 6

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The City Savings Bank of Brooklyn,

New York (Brooklyn), New York 

(change title to The Greater New York 

Savings Bank) 

to merge with

111,154 3 8

The Greater New York Savings Bank,

New York (Brooklyn)

367,326 5

Sum m ary report by A ttorney General, April 22, 1964

The City Savings Bank and The Greater New York Savings Bank are both 

mutual savings banks. All of the 5 offices of Greater New York Savings Bank are 

located in Brooklyn, as are 2 of the 3 offices of City Savings Bank.

City Savings Bank is the smallest of 21 savings banks in Brooklyn and ranks 

47th in size among 52 savings banks in New York City.

The Greater New York Savings Bank is 7th in size among Brooklyn savings 

banks and ranks 23rd among all savings banks in New York City. The bank 

resulting from the merger will rank 5th in Brooklyn and 18th in the City. It will 

hold 5.97 percent of the total deposits in Brooklyn savings banks and 2.46 percent of the deposits held by all savings banks, savings and loan associations, and 

commercial banks in the area.

The merger would result in the elimination of substantial competition between 

the merging banks. Moreover, another major objection to the proposal from the 

viewpoint of its effect on competition stems from the competitive advantage 

which the New York Banking Law gives to a merged savings bank. While savings 

banks which are not a product of a merger are limited to a maximum of five 

offices in the City, merged banks not only are permitted to retain all existing 

branches of the merging banks, but retain as well all unexercised branching 

privileges. Even without taking advantage of the unexercised branching privileges, 

the resulting bank will have more Brooklyn offices than any other savings bank, 

over 10 percent of the total of such offices in the borough. This is a competitive 

advantage which can be duplicated by other savings banks only through the 

same merger route and thus raises the distinct possibility that a merger trend may 

be precipitated.

In view of the elimination of competition, increase in concentration in banking 

offices which would result from the merger, and the threat of the precipitation of 

a merger trend thereby, it is our conclusion that the competitive effects of the 

proposed merger would be significantly adverse.

Basis for Corporation approval, April 22, 1964

This merger involves The City Savings Bank of Brooklyn, with $102,559,000 in 

deposits and three offices, and The Greater New York Savings Bank, Brooklyn, 

with $321,598,000 in deposits and five offices. The merger was prompted by 

serious problems in management, internal operations and controls, and loan 

administration at the City Savings Bank whose trustees concluded, after diligent 

study, that it would be in the public interest and that of its depositors to correct 

its problems through merger with another savings bank.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

With the exception of an office of City Savings located in Queens, all of the 

offices of the two banks are located in Brooklyn. The resulting bank would have 

8 offices and hold $424 million in deposits of the 69 offices operated by the 21 

savings banks with main offices in Brooklyn which hold $2.6 billion in regular 

savings deposits. The resulting bank would hold only 10.3 percent of the total 

deposits held by the Brooklyn based savings banks and only 2.1 percent of the 

total deposits held by the 51 mutual savings banks in New York City. It would 

rank fifth among the Brooklyn mutual savings banks, approximately one-fourth the 

size of the largest which holds 36 percent of the aggregate deposits held by the 

Brooklyn savings banks. The bank resulting from this merger would rank 18th 

among 50 mutual savings banks in New York City. In addition to the competition 

among savings banks, intensive competition is also provided by commercial banks 

and savings and loan associations; there are 15 of the latter institutions operating 

20 offices in Brooklyn which hold aggregate withdrawable balances of approximately $675 million. The mortgage portfolio of the resulting bank, which would 

comprise 81.3 percent of its gross assets and extends nation-wide, would be less 

than 2 percent of the nearly $22 billion in mortgages held by savings banks in 

New York State and a relatively insignificant percentage of the real estate mortgages held by the major financial institutions in the country. The merger would 

have no significant effect upon the quality or intensity of competition in the 

savings and mortgage markets in which the merging banks are competitive.

Although both banks compete in the same general service area for deposits, 

competition between them is limited, and results, in part, from legal restrictions 

as to the amount individuals may deposit in a savings bank, and the insurance 

ceiling of $10,000. A substantial proportion of the total savings business of each 

of the banks is derived from the relatively limited area served by its locally 

oriented offices. The closest offices of each of them are the main offices which are 

1.1 miles apart. There are main offices of four Brooklyn savings banks, including 

those of the two largest, iocated closer to the main office of City Savings than 

that of The Greater New York Savings Bank. In no instance is an office of one 

of the merging banks directly competitive with an office of the other. The merger 

has been approved by the Superintendent of Banks for the State of New York who 

has concluded that it is in the public interest. Some operating economies will flow 

from the merger which will be of benefit to the depositors of the merged institution and, immediately, the higher dividend rate paid by The Greater New York 

Savings Bank will be paid to the depositors of The City Savings Bank.

It is concluded that the merger will have no material effect on competition and 

does not represent a tendency toward monopoly, that it will correct the serious 

managerial and operational problems as well as strengthen the surplus and 

reserve position of The City Savings Bank; and that, therefore, it is in the public 

interest.

Case No. 7

Resources fin Banking offices

thousands

of dollars)

In

operation

To be

operated

The Northwestern Bank,

North Wilkesboro, North Carolina

181,177 53 54

to merge with

Bank of Yanceyville,

Yanceyville

4,205 1

Sum m ary report by A ttorney General, D ecem ber 17, 1963

The Northwestern Bank, North Wilkesboro, North Carolina, proposes to merge 

Bank of Yanceyville, Yanceyville, North Carolina.

Northwestern is the fifth largest bank in North Carolina, with total resources of 

approximately $163 million, and operating 47 offices principally in western and

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 37

central North Carolina. During the past seven years it has acquired nine other 

banks with total deposits of more than $48 million. Northwestern holds approximately 4.7 percent of total banking resources in the State.

Bank of Yanceyville, operating one office in a community of 1,100 people located 

in a rural tobacco growing county, has total assets of $3.5 million. It has no commercial loans outstanding and does not make instalment loans, although the 

application indicates such business may be available in the area. The Bank of 

Yanceyville has doubled its net current operating income since 1957. The application states that the merger is desired because Bank of Yanceyville has been 

unable to meet the present needs of the area. The application fails to substantiate 

this statement.

While this particular merger will not have a significant effect on competition, 

the continuing trend toward banking concentration by merger and acquisition on 

the part of the larger banks in North Carolina will bring about a seriously adverse 

effect on competition in commercial banking in the State. Since 1960, of the total 

resources involved in bank mergers in the State, four of the five largest banks 

have accounted for 91.9 percent. Northwestern Bank has contributed significantly 

to this trend.

Basis for Corporation approval, April 22, 1964

The Northwestern Bank is the fifth largest bank in North Carolina, operating its 

main office in North Wilkesboro and a network of branches serving the western, 

northwestern, and central sections of North Carolina. It is a satisfactorily operated 

bank that has aggressively increased its service potential in recent years through 

the establishment of de novo branches and through the absorption of other 

banks. Although it does not compete throughout all of North Carolina with the 

larger banks, it does effectively compete with their offices located within its service area. The Northwestern Bank holds 4.5 percent of the aggregate deposits of all 

banks in North Carolina and this merger would increase the proportion only 0.1 

percent. This compares with 21.5 percent for the largest bank in the State— 

Wachovia Bank & Trust Company, and 17.9 percent for the second largest— 

North Carolina National Bank. The Northwestern Bank is one-fifth the size of the 

largest bank in the State and one-half the size of the fourth largest, and consummation of this merger would have no significant effect on the concentration of 

banking resources in North Carolina, nor will it affect the relative position of The 

Northwestern Bank or competition in its service area.

The Bank of Yanceyville is a small unit bank located in Yanceyville (Caswell 

County), in north-central North Carolina, about 15 miles south of Danville, 

Virginia. Its 1960 population was 1,113, a decline of 278 in the preceding decade. 

The area is rural and the economy agricultural, with tobacco accounting for fourfifths of the farm income. The bank has been operated most conservatively— only 

14 percent of its assets is in loans— and the larger resources and more progressive policies of The Northwestern Bank could be expected to more adequately 

support an expansion and diversification of the local economy. Specifically, Northwestern would offer commercial and instalment loans, and its agricultural advisory 

department in the Yanceyvilie service area where such services are not available 

on a local level.

There are no other banks in the service area of The Bank of Yanceyville, 

although there are many larger banks outside the service area that solicit business therein. A branch of the applicant would provide increased competition for 

these banks. The closest office of Northwestern to Yanceyville is 27 miles away 

in Burlington and there is no important competition between them that will be 

eliminated.

The merger, which will provide broader banking services in greater depth, 

particularly commercial and instalment loans, in the Yanceyville area with no 

unfavorable effects on competition, either in the broad service area of Northwestern or the restricted service area of the Bank of Yanceyville, is concluded to 

be in the public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Resources

(in

thousands

of dollars)

Banking offices

Case No. 8 In

operation

To be

operated

Somersworth Savings Bank,

Somersworth, New Hampshire 

(change title to Somersworth-Rollinsford 

Savings Bank) 

to merge with

12,790 1 2

Rollinsford Savings Bank,

Rollinsford

8,688 1

Sum m ary report by A ttorney General, M arch 31, 1964

This is an acquisition which affects five savings banks in small towns within an 

8-mile radius of Somersworth. The fourth largest savings bank in the area would 

be merged into the third largest. The combined bank will continue as the third 

largest savings bank, but its percentage of total time deposits will be raised from 

14 percent to 24 percent.

The merger will result in the elimination of actual and potential competition 

between the participating banks and may affect the competitive position of the 

smallest remaining savings bank. In addition, concentration of IPC time deposits 

in the three largest savings banks in the area would rise from 80 percent to 90 

percent.

The competitive effects of the merger would appear to be adverse.

Basis for Corporation approval, M ay 28, 1964

This merger involves two unit mutual savings banks operating 4 miles apart 

in southeastern New Hampshire. The main office of the resulting bank will be 

located in Somersworth and it will operate a branch in Rollinsford. The two 

savings banks are closely associated, through stock ownership and management, 

with two commercial banks operating in the same towns— The First National 

Bank of Somersworth and the Salmon Falls Bank, Rollinsford. This proposal is 

closely allied with the proposed merger of the two commercial banks which has 

been approved by the Comptroller of the Currency. The resulting commercial bank 

will also have its main office in Somersworth and a branch in Rollinsford.

The economy of the service areas of the merging banks is primarily industrial, 

although nearby defense establishments are an important factor. Banking in 

this area is characterized by a number of savings and commercial banks which 

are closely associated through stock ownership and management. In most cases, 

the two types of banks are not competitive with each other— the commercial banks 

not accepting savings deposits or mortgage loans and the savings banks not 

competitive for demand deposits or instalment loans. The Somersworth Savings 

Bank is the third largest of five savings banks in the relevant service area and its 

position will be unchanged as a result of the merger. It will hold 24 percent of the 

aggregate IPC dposits of the banking offices competing for savings accounts in 

its area— the two largest would hold 35.7 percent and 27 percent, respectively. 

There is some competition between the merging banks which will be eliminated, 

but there are many convenient competitive alternatives and it does not appear 

that there will be any substantial effect on competition, nor is any tendency toward 

monopoly indicated.

The proposed merger, which will enable the resulting bank to more effectively 

serve the growing mortgage needs of its area and which will provide management succession presently lacking at both banks, is considered to be in the 

public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 39

Case No. 9

Resources

fin

Banking offices

thousands

of dollars)

In

operation

To be

operated

Groton Savings Bank,

Mystic, Connecticut 

to acquire the assets and assume

liabilities of

2 1 ,0 8 7 2 3

Stonington Savings & Loan Association, Inc.,

Pawcatuck

2 ,4 1 7 1

Sum m ary report by A ttorney General, M ay 6, 1964

The Groton Savings Bank and Stonington Savings & Loan Association are 

by far the smallest financial institutions in their service areas, with deposits of 

approximately $19 million and $2 million, respectively. Service areas of the two 

institutions are contiguous and they are presently competitors for those services 

offered by both, mainly time deposits and residential real estate loans.

The competitive effects of the proposed merger probably would be adverse in 

that all presently existing competition between the two institutions would be 

eliminated. However, in view of the limited size of the two institutions and the 

limited areas of competition, such anticompetitive effects would appear to be 

minimal.

Basis for Corporation approval, June 18, 1964

This transaction involves a mutual savings bank which is insured by the Federal 

Deposit Insurance Corporation and a State chartered savings and loan association which is insured by the Federal Savings and Loan Insurance Corporation. It 

was the intention of the two institutions to combine into one corporation and, 

although a merger would be the most practical means of attaining this objective, 

Connecticut Banking Law does not provide for the merger of a savings and loan 

association with a mutual savings bank. It was determined that the practical effect 

of a merger could be realized through this transaction, which provides for a combination of the surplus and reserve accounts of the two institutions, and the subsequent dissolution of the savings and loan association.

The two institutions serve the southeastern section of Connecticut located 

just west of the Rhode Island line. The primary service area of the savings bank 

includes the towns of Groton, Stonington and Ledyard while that of the savings 

and loan association is confined to Stonington, Connecticut and Westerly, Rhode 

Island. The savings and loan association is small, provides limited services, and 

has enjoyed only modest growth during its more than 40 years of existence. The 

savings bank, on the other hand, offers broad mortgage and thrift deposit services 

and has grown rapidly in recent years. There is minor overlapping of the service 

areas of the two institutions in the town of Stonington and, thus, a very small 

amount of competition for conventional mortgages and thrift accounts will be 

eliminated upon consummation of the transaction. However, there is located in 

Westerly, the branch offices of the largest commercial bank in Rhode Island, and 

a large Providence mutual savings bank, as well as at relatively large local commercial bank. There will be no significant effect on competition in the over-all 

service area of the savings bank but competition for the larger banks in the 

present service area of the savings and loan assocation would be increased. The 

branch office of the savings bank would provide the following services not presently offered by the savings and loan association: larger mortgage loans, FHA 

and VA mortgage loans, collateral and personal loans and savings bank life 

insurance.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

It was concluded that the transaction which would result in increased banking 

service and competition, with no tendency toward monopoly involved, was in 

the public interest.

Case No. 10

Resources

(i n

Banking offices

Un

thousands

of dollars)

In

operation

To be

operated

Guaranty Bank & Trust Company,

Worcester, Massachusetts

72,024 10 11

to consolidate with

The First National Bank of Westboro,

Westboro

5,662 1

Sum m ary report by A ttorney General, M ay 8, 1964

Guaranty Bank & Trust Company of Worcester, Massachusetts with assets of 

$72,024,000 proposes to consolidate with the First National Bank of Westboro, 

Westboro, Massachusetts with assets of $5,662,000, under the charter and title 

of the former.

The proposed consolidation would remove one of three small, indpendent banks 

in the primary service area in and around Westboro. Moreover, despite the 

disclaimers in the application, competition would be eliminated between First 

National of Westboro and the Grafton branch of Guaranty. Certain, significant 

competitive factors involved in the consolidation would therefore appear to be 

slightly adverse.

Basis for Corporation approval, June 19, 1964

The relevant service area involved in this consolidation extends through Worcester County in central Massachusetts, from the State line on the north to the 

southern border of the county, and State, occupying approximately the eastern 

one-half of the county. The area is highly developed with diversified industry 

constituting the principal economic activity. The main offices of the participating 

banks are 10 miles apart and the nearest offices are 7.7 miles apart. There is 

an insignificant amount of competition between the two banks which will be 

eliminated.

The Guaranty Bank & Trust Company, Worcester, is the second largest bank 

operating in this area and its rank will be unchanged as a result of the consolidation. It will hold approximately 20.8 percent of IPC deposits held by commercial banks in the area, an increase of only 1.1 percent. Upon consummation of 

the consolidation, the resultant bank would be approximately two-fifths as large 

in terms of IPC deposits as the largest commercial bank, and would be operating 

only 11 offices compared to 25 for the largest bank. The relative rank and service 

areas of the numerous financial institutions competitive in the over-all area would 

be unchanged by this consolidation. Expanded banking services, including a substantially higher interest rate on time deposits, would be immediately available 

to residents of Westboro where the principal noticeable effect of the consolidation 

would be the substitution of a branch of the applicant for the unit bank.

It is concluded that the consolidation, which will not have an unfavorable effect 

on competition or the banking structure of the area, and will provide increased 

banking services and greater availability of banking resources for support of the 

growth which is anticipated for the Westboro area, without tending toward 

monopoly, is in the public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 41

Case No. 11

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The St. Marys Trust Company,

St. Marys, Pennsylvania (change 

title to Elk County Bank and Trust 

Company) 

to merge with

9,227 1 2

The Elk County National Bank of

Ridgway,

Ridgway

5,600 1

Sum m ary report by A ttorney General, M ay 6, 1964

This merger would appear to eliminate a degree of presently existing competition between the merging banks. Of more importance, however, would be the 

resulting high degree of concentration in Elk County banking. Thus, the resulting bank and the Warren National Bank, which itself entered this area through 

acquisition, would account for 76.4 percent and 80.5 percent, respectively, of the 

county’s deposits and loans. In addition, the resulting bank will be closely 

affiliated with the area’s third largest bank, itself accounting for 13.3 percent of 

the deposits and 9.4 percent of the loans therein, through common directors and 

stock ownership.

The two remaining independent banks in Elk County would thus be compelled 

to compete at a serious disadvantage and may well find it desirable to merge with 

each other or with another larger bank, thus completely eliminating independent 

banking from this area.

For these reasons we believe that approval of this merger may have a significant 

adverse effect on competition in Elk County.

Basis for Corporation approval, July 10, 1964

The merging banks are located 11 miles apart and neither operates branches. 

National does not exercise trust powers. There are only three communities 

in Elk County having banking facilities. Ridgway, St. Marys and Johnsonburg, 

the latter located 7 miles northeast from Ridgway and 8 miles northwest from 

St. Marys. There are three banks in St. Marys, two in Ridgway, and one in 

Johnsonburg, all competing with each other. National presently is fifth largest, 

as measured in terms of IPC deposits, and the applicant is third largest, although it is affiliated with another bank in St. Marys (second largest). The 

controlling owners in the two affiliated banks also own effective control of 

National, all of this ownership having been acquired over a period of many years. 

The resulting bank under this merger would become the second largest and together with its affiliate would hold more than three-fifths of the area IPC deposits. 

The largest bank is that in Johnsonburg, which is a branch of Warren National 

Bank, Warren (acquired by merger in November 1963). Warren National Bank is 

the largest bank in northwestern Pennsylvania, having total resources of nearly 

$63 million which is much greater than the combined resources of the other five 

banks in Elk County. This merger will provide a larger bank in St. Marys and 

Ridgway which will be able to afford increased competition to the Johnsonburg 

bank.

The combination of the applicant and National, which will do little more than 

formalize a long-standing relationship because of ownership, will assist the 

Ridgway community in its economic development; also, the larger resulting bank 

will be better able to serve the area through strengthened management, a larger 

lending limit, and the ability through size to provide improved banking services to 

the public. In addition, the facilities of its trust department will become immediately available to the customers of National.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

With five banking choices remaining, there is no tendency toward monopoly 

involved, and in view of the stronger bank which will emerge in both St. Marys 

and Ridgway and its ability to better serve the two communities, more especially 

Ridgway, it is concluded that the merger is in the public interest.

Case No. 12

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Peoples Trust & Savings Bank,

Green Bay, Wisconsin (change title to 

Peoples Bank of Green Bay) 

to acquire the assets and assume

liabilities of

Bank of Green Bay,

Green Bay

20,858

16,955

Sum m ary report by A ttorney General, February 10, 1964

The proposed acquisition of assets and assumption of liabilities of the Bank 

of Green Bay, Green Bay, Wisconsin, by the Peoples Trust & Savings Bank, Green 

Bay, Wisconsin, a bank controlled by The Marine Corporation, a bank holding 

company, would have a seriously adverse effect upon competition.

Since Peoples is presently owned by The Marine Corporation, the proposal is 

in effect an attempt by this holding company to acquire a second bank in Green 

Bay. Moreover, as a result of the proposed transaction, The Marine Corporation 

would control approximately 25 percent of the loans and IPC deposits in the 

trade area.

The bank resulting from the pending application would have a larger lending 

limit than the largest bank in the area, Kellogg-Citizens National Bank, an independent bank. This factor, coupled with the resources of the Marine System 

throughout the State would give the resulting bank a competitive advantage over 

all other banks in the Green Bay area.

Finally, substantial competition between the Bank of Green Bay and Peoples 

would be eliminated. The proposal would have a seriously adverse effect upon 

competition in the area and tend to increase concentration in commercial banking 

in the State of Wisconsin.

Basis for Corporation approval, July 10, 1964

This is a consolidation of the second and fourth largest banks in Green Bay but 

the resulting bank would still be much smaller than the largest bank in that city, 

Kellogg-Citizens National Bank of Green Bay, and other banking choices would 

remain readily available. The resulting bank would be capable of providing better 

Bervice for the public than can be provided by the two smaller consolidating banks 

and could more effectively compete with the largest bank in the city.

One of the banks is faced with a serious management problem at the top level 

which it and the State Bank Authority have not been able to solve and, in addition, its earnings have averaged well below normal for a number of years. The 

other bank has an adequate staff of capable executives and it produces good 

earnings. The consolidation should solve the management and earnings problems. The resulting bank would be controlled by The Marine Corporation, a bank 

holding company, but the consolidation would increase the percentage of Wisconsin banking resources controlled by that corporation by only 0.3 percent and such 

resources would still be less than 7.3 percent of the total for the State of Wisconsin.

While some existing competition between the two consolidating banks would 

be eliminated, this is outweighed by the advantage to the public of the increased

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 43

competition with the largest bank, and the benefits to be derived with respect to 

management, earnings, and needs and convenience of the public; and, therefore, 

the Board of Directors concludes that the proposed transaction would be in the 

public interest.

Case No. 13

Resources

/in

Banking offices

U n

thousands

of dollars)

In

operation

To be

operated

The Northwestern Bank,

North Wilkesboro, North Carolina

1 7 9 ,1 4 1 55 60

to merge with

Security Bank and Trust Company,

Rutherfordton

8,825 5

Sum m ary report by A ttorney General, M ay 20, 1964

Northwestern Bank, North Wilkesboro, North Carolina, proposes to acquire by 

merger Security Bank and Trust Company, Rutherfordton, North Carolina. Northwestern, with total resources in June, 1963 of $160 million, operates 53 offices in 

36 cities concentrated in the Piedmont-Mountain region of North Carolina. Northwestern is the fifth largest bank in the State and holds approximately 4.5 percent 

of total resources of all banks. The present acquisition would be its eighth since 

December 1961.

Security Bank was organized in 1928. It now operates five offices in Rutherford 

County, a largely rural area except for some textile companies in a few communities. Security had total resources in June, 1963 of $8.2 million.

Northwestern claims this acquisition is necessary in order to enable it to compete with the four largest banks in the State which also have a history of mergers 

and acquisitions. A similar argument of countervailing power was rejected by the 

Supreme Court in United States v. Philadelphia National Bank, 374 U.S. 321. The 

effect of the proposed acquisition on commercial banking in North Carolina 

viewed against the background of acquisitions and increasing concentration can 

only be adverse.

Basis for Corporation approval, July 3 0 , 1964

The Northwestern Bank, fifth largest in North Carolina, serves a broad area in 

the State but has no office in Rutherford County or within effective competitive 

distance of any of Security Bank and Trust Company’s five offices in the county. 

The Northwestern Bank’s state-wide ranking would be unchanged by this merger, 

deposit acquisitions through this transaction approximating 0.2 percent of the 

State total. Within Rutherford County, the relevant service area, the merging bank 

is third largest among five banks although the next smallest is almost equally 

large. One is markedly smaller but the two largest banks are near three times its 

size. Upon the entry of the Northwestern Bank into Rutherford County, it would 

be the predominant bank in the area, but it would acquire only 12.7 percent of 

deposits in the county by the merger.

There is no significant competition between the merging banks which would 

be eliminated by the merger. The number of alternative banking choices in the 

area would not be reduced and the transaction appears to involve no tendency 

toward monopoly. Added banking services, an increased lending limit, and an 

aggressive management possessed of specialized skills would increase competition for banking customers. There is nothing evident which suggests the other 

banks in the county could not effectively compete with resultant bank. It is concluded that this merger is in the public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Case No. 14

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Berks County Trust Company,

Reading, Pennsylvania (change title 

to American Bank and Trust Co. of Pa.) 

to merge with

215,187 12 13

The Schuylkill Trust Company,

Pottsville

11,902 1

Sum m ary report by A ttorney General, M arch 24, 1964

Although the degree of competition between the merging banks which will be 

eliminated by the proposed merger is negligible, the resulting concentration in 

two market areas would be extreme.

Berks dominates the Reading area with approximately 54.2 percent of all !PC 

deposits and 56.6 percent of all loans and discounts. There are only two banks, in 

addition to Berks, operating in Reading, and the larger of these two banks, 

Peoples Trust City Bank, is approximately one-half the size of Berks. The resulting bank’s percentage share in the Reading area would be 55.4 percent of 

all IPC deposits and 57.7 percent of all loans and discounts. Thus the anticompetitive effects of concentration would be significantly increased in that area.

The effect of the merger on competition in the Pottsville area would be even 

more adverse, since a branch of a bank with IPC deposits of $204 million (approximately 2.7 times greater than the total deposits of the three remaining local 

banks) would be created in this market. Berks, because of its excessive size, 

would be able to dominate banking within the Pottsville area. Such dominance 

might well force the independent banks to take steps which would further increase 

concentration.

On the basis of this analysis, it would appear that the effect of this merger on 

competition would be seriously adverse.

Basis for Corporation approval, July 3 0, 1964

The merging banks are located about 35 miles apart in eastern Pennsylvania. 

Berks County Trust Company, whose main office is in Reading approximately 55 

miles northeast of Philadelphia, operates 11 offices in Berks County and 1 in 

Lancaster County— Schuylkill Trust is a unit bank.

Berks County Trust Company is a progressive, well managed bank with a 

history of service to its community, particularly in providing financial and other 

support for industrial diversification and expansion. The industrial economy of its 

service area is well diversified and its future prospects are favorable.

Pottsville, formerly a center of anthracite mining in Pennsylvania, is part of the 

“Appalachia” and has shared in the economic problems of this area. Its population decline has been accompanied by a persistently high level of unemployment. Substantial assistance in the economic revivication of Pottsville and Schuylkill County can be provided by the direct representation therein of the Berks 

County Trust Company, since the resulting bank will provide complete banking 

and fiduciary services beneficial to the people, industry and commercial establishments in this area that the local banks can now provide only on a restricted 

basis. These services include electronic data processing, a larger lending limit, 

full scale consumer credit and personal loan facilities and more extensive and 

competitive trust services. In addition, the resulting bank can provide experienced 

financial specialists in Pottsville who have demonstrated their ability to assist in 

the rehabilitation of an economically depressed area.

The service area of the resulting bank would include Berks, Schuylkill and 

Lancaster Counties as well as portions of four other contiguous counties in which

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 45

applicant is authorized to establish branches under State law. Although Berks 

County Trust Company is and will be the largest bank with offices in this area, 

only a modest increment in its resources will be realized through this transaction 

and the resulting degree of concentration of banking resources will not be excessive. There will remain a number of banks in the area sufficiently large to offer 

effective competition. Further, competition for the banking business of larger 

accounts in the area with large out-of-territory banks will be enhanced, particularly in Pottsville. There is no significant competition between the merging banks 

which would be eliminated, and, in view of the competition remaining, there is 

no tendency toward monopoly involved.

It was concluded, since the merger would have no seriously adverse effects on 

competition, the extension of the services of a progressive, locally oriented bank 

to an economically depressed area would be beneficial to that community and, 

therefore, the merger was in the public interest.

Case No. 15

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The Edison Bank,

Edison, New Jersey 

to merge with

25,072 2 3

The First National Bank of Milltown,

Milltown

11,895 1

Sum m ary report by A ttorney General, June 15, 1964

First National, which opened for business in 1917, is the only commercial bank 

located in its service area. As of March 31, 1964, it had total assets of $11,895,000, 

total deposits of $10,916,000, net loans and discounts of $4,566,000, and total 

capital accounts of $979,000.

The Edison Bank, which began operations in 1956, as of March 31, 1964 had 

total assets of $25,072,000, total deposits of $23,075,000, net loans and discounts 

of $12,264,000, and total capital accounts of $1,792,000. It is presently the third 

largest in deposit strength of four banks located in its service area.

It appears that little competition exists between the merging banks, with the 

total volume of deposits of either bank originating in the service area of the other 

amounting to less than $10,000. The nearest office of The Edison Bank is located 

6 miles from the office of First National. While The Edison Bank will become the 

second largest in its service area by virtue of the merger, its advantage does not 

appear to be decisive, particularly in view of the success which it and the other 

area banks have had in competing with the much larger First Bank and Trust 

Company.

It therefore appears that the competitive effects of the transaction will not be 

significantly adverse.

Basis for Corporation approval, A ugust 13, 1964

The merging banks are located in Middlesex County which is in the central 

northeastern section of New Jersey on the periphery of the New York metropolitan 

area. The economy of this area is industrial and fairly well diversified, although 

there are some rural sections which are not yet deveolped.

The participating banks serve separate areas except for a small portion of the 

city of New Brunswick wherein are located three commercial and one savings 

bank which provide very strong competition. Virtually no competition between the 

merging banks will be eliminated and the increase in concentration of banking

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

resources in the over-all service area is not significant. The Edison bank presently 

holds 8.6 percent of the aggregate deposits of all banks in the service area. This 

will be increased to 12.3 percent after the merger and compares to 25.3 percent 

held by the largest bank in the area.

The merger will result in improved and expanded services in the Milltown area, 

will permit accommodation of the credit needs of the larger firms in the area and 

will benefit Milltown depositors through increased rates on savings deposits. The 

merger would stimulate competition to banks and other financial institutions 

within the present service area of the Edison bank and, in view of the size of the 

resulting bank, would provide competition where relatively little existed to outside 

banking and financial institutions and increase competition with banks in intervening and proximate areas to the service areas of the participating banks.

The merger will have no unfavorable effects on competition and, in view of the 

benefits to be derived by the present and potential customers of the merging 

banks, the proposal is concluded to be in the public interest.

Case No. 16

Resources /in Banking offices

v.1n

thousands

of dollars)

In

operation

To be

operated

Farmers-Citizens Bank,

Salem, Indiana 

to acquire the assets and assume

liabilities of

8,991 3 4

The Citizens Bank,

Pekin

1,973 1

Sum m ary report by A ttorney General, M ay 22, 1964

The proposed acquisition of assets and assumption of liability to pay deposits 

of The Citizens Bank, Pekin, Indiana by The Farmers-Citizens Bank, Salem, Indiana 

would eliminate presently existing competition between the two banks. It would 

extend the service area of Farmers Bank and substantially increase the competitive advantage of Farmers Bank over other banks in the resulting service area. 

Farmers Bank is now the largest bank in its own area as well as in the area of 

Citizens Bank.

Because of the elimination of competition between the two banks and the 

further increase of Farmers Bank competitive advantage over other banks, the 

effect of the proposed acquisition would be adverse.

Basis for Corporation approval, A ugust 20, 1964

This transaction involves banks located in Washington County which is situated 

in the south-central part of Indiana bordering the Louisville, Kentucky metropolitan 

area. The economy of the area is agricultural and Washington County is one of 

the principal chicken raising areas in the nation.

The participating banks serve areas which overlap to a small degree and common deposits and loans are relatively small in total amounts. There has not been 

any substantial competition between the participating banks which would be 

eliminated. The Salem bank presently holds 20 percent of the aggregate deposits 

of all banks with offices in the service areas. This ratio will be increased to 

25 percent under the proposed transaction and the Salem bank will continue in 

its position as the largest bank in its own, as well as the over-all trade area. The 

increased concentration of banking resources is not considered of adverse significance and should have no detrimental effect on other banks in the area.

The transaction will result in improved and expanded banking services in the 

Pekin area and will permit accommodation of the credit needs of larger borrowers 

in the over-all service area. Competition to other financial institutions in the

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 47

county, which is described as intense, would be stimulated and also would be 

increased to larger banks located out of the county and service area. The credit 

needs of larger farmers and industries which must presently use these outside 

facilities will be adequately accommodated, in most cases, by the increased lending limit under the proposed transaction.

The transaction will have no unfavorable effect upon competition and is concluded to be in the public interest in view of the benefits to be derived by the 

present and future customers of the partcipating banks.

Case No. 17

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

First State Bank of Oregon,

Milwaukie, Oregon 

to merge with

23,077 4 7

Gresham State Bank,

Gresham and

5,429 1

Peoples Bank of Oregon,

Beaverton

8,853 2

Sum m ary report by A ttorney General, June 3, 1964

The First State Bank of Oregon (State Bank), Milwaukie, Oregon, has requested 

permission to merge with the Gresham State Bank (Gresham), Gresham, Oregon, 

and the Peoples Bank of Oregon (Peoples), Beaverton, Oregon. The State Bank 

intends to operate the acquired banking facilities as branches.

Robert W. Franz and Elsie M. Franz are among the principal stockholders in 

the three banks proposing to merge. They own, either individually or jointly, 

48 percent of the stock of the Gresham Bank, 80 percent of the stock of the 

Peoples Bank, and 38 percent of the stock of the State Bank. In addition, Robert 

W. Franz is a director on each of the boards of the three merging banks, and 

Elsie M. Franz is a director on the board of the Peoples Bank and she is also an 

officer of the State Bank. Therefore, there is presently to a large extent a common 

ownership and direction of the three participating banks.

The service areas of the three banks to be merged do not overlap; for this 

reason, there is no direct or substantial competition between these banks. However, the service area of the resulting bank includes much of the Portland Metropolitan Area and in this area there are two large statewide banking chains (First 

National Bank of Oregon and U.S. National Bank of Oregon) which control 80 

percent of the deposits and loans throughout the entire State and are also substantial factors in the area. Although the resulting bank will have only slightly 

over 1 percent in deposits and loans and will be next to the smallest bank in its 

service area, this consolidation would reduce the number of competing banks from 

nine to seven.

Thus, as an outcome of this increased concentration, similar pressures may be 

placed on other small banks in the area to consolidate, and consequently to this 

extent the effect of the consummation of the proposed merger on competition may 

be adverse.

Basis for Corporation approval, A ugust 20, 1964

The three banks to be merged under this proposal are located in three different 

counties and serve essentially different primary service areas, although all three 

are located within the Portland metropolitan area. Although each bank derives 

some business from Portland, there is no significant competition between them 

that will be eliminated. The resulting bank will have total resources of less than 

$38 million, and its 7 offices will be in direct competition with 18 offices of 

Oregon’s two largest banks, with main offices in Portland, and each of which has

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

resources in excess of $1 billion, collectively holding nearly four-fifths of the 

State’s total banking resources. In addition, the $1 billion The Bank of California, 

N. A. has a branch in Portland. The volume of the bank to result from this merger 

would be insignificant in relation to the size of its three Portland competitors, 

two of which operate multiple branch systems throughout the State. Consequently, 

to some small degree, the resulting bank will be in a better position, through 

greater resources and a larger lending limit, to compete with these large banks.

On a competitive basis and also from the standpoint of community needs the 

larger lending limit, greater resources, combination of executive personnel, more 

specialized banking services, and inauguration of trust department facilities, will 

result in definite benefits to the public in Milwaukie and the communities wherein 

existing banking offices will be continued.

With three $1 billion banks represented in the area there is no tendency 

toward monopoly involved and it is concluded that the merger of these three 

banks, which already are commonly owned and managed, would be in the public 

interest.

Case No. 18

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The Jefferson Banking Company,

Jefferson, Ohio

8,743 1 2

to merge with

The Citizens Banking Company of

Rock Creek, Ohio,

Rock Creek

2,100 1

Sum m ary report by A ttorney General, July 8, 1964

In the resulting bank’s service area, where concentration is already high, the 

resulting bank would remain number three, approximately one-third as large as 

the number two bank. Because of exceptional circumstances, this proposed 

merger would not appear to have serious adverse effects upon competition in 

commercial banking in the affected areas.

The merging banks are small banks; the largest holding assets of $8,743,000. 

Citizens has serious earnings problems— suffering a loss of $7,000 in 1963. This 

situation has been caused, to some degree, by the disproportionate amount of 

Citizens’ total deposits represented by time deposits— 80 percent. As Citizens is 

the only bank in Rock Creek, Ohio, its acquisition by Jefferson will assure continued banking services in this area.

Basis for Corporation approval, August 27, 1964

The merging banks are located in Ashtabula County which is situated in the 

northeastern corner of Ohio, bounded by Pennsylvania on the east and Lake Erie 

on the north. The northern portion is becoming highly industrialized and contains 

two ports along the St. Lawrence Seaway. The industrialization is progressing 

southward and applicant’s service area, which is in the center portion of the 

county, is mixed industrial and agricultural. The other bank, 7 miles southwest 

of applicant, is located in an area which is primarily agricultural.

The service areas of the participating banks overlap to some extent but the 

number and amount of common deposits and loans are nominal and little, if any, 

competition between the banks will be eliminated. The increase in concentration 

of banking resources in the over-all area is not considered significant and there 

will be no unfavorable effect on competition. Applicant presently holds 8.8 percent of aggregate IPC deposits in the area and this will be increased to 11.4 

percent under the proposal. The latter figure compares to 35 percent and 43.1 

percent held by the two larger banks.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 49

The merger will result in improved, expanded and more efficient services in the 

Rock Creek area and provide a most logical solution to the many problems which 

Citizens has been unable to solve. Under the proposal, continuity of banking 

services will be assured in the Rock Creek area and the proposed transaction is 

concluded to be in the public interest.

Case No. 19

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

The First Trust Company of

Allegany County,

Wellsville, New York

23,388 5 6

to merge with

Belfast National Bank,

Belfast

2,088 1

Sum m ary report by A ttorney General, June 22, 1964

The First Trust Company, largely through a series of mergers of four other 

banks in Allegany County, New York, occurring since 1956, is the largest bank 

in the county with close to 30 percent of the total IPC deposits and loans of all 

eight banks in the county.

The merger of Belfast National would eliminate a substantial independent 

bank which competes with the First Trust Company’s dominant position in Allegany County; and would increase banking concentration in the county to a point 

where three banks would control more than 82 percent of the area banking, 

leaving the five remaining banks in the county in a less advantageous competitive 

position and less able to resist pressures for still additional mergers in the area. 

We therefore conclude that this merger may substantially adversely affect competition and increase the tendency to monopoly in commercial banking in Allegany County, New York.

Basis for Corporation approval, O ctober 1, 1964

National, a small unit bank located at Belfast in Allegany County, would be 

merged by this proposal into the applicant, the largest bank in that county which 

is presently served by eight banks. With its five offices, the applicant extends its 

influence throughout most of the county save the northwestern portion wherein 

National is located. Belfast is 19 miles northwest of Wellsville, the home of the 

applicant, 7 miles northwest of Angelica and 12 miles north of Friendship, in 

both of which communities the applicant maintains branches.

By the addition of National’s IPC deposits totaling $1,533,000, the applicant 

will gain somewhat in its relative standing with respect to its principal competitor, 

The Citizens National Bank of Wellsville which also operates five offices in 

Allegany County. Most of these are situated to the east of Wellsville, rather than to 

the west as are the applicant’s. The applicant will increase its share of the 

combined IPC deposits of the service area outlined in the application from 14.6 

percent to 15.9 percent, as contrasted with 12.2 percent for The Citizens National 

Bank of Wellsville. The merger proposal does, however, introduce a new and 

effective competitor to the banking scene as the Rushford branch of a bank 

headquartered outside Allegany County will be brought into contact with the 

applicant.

Although there are some deposit and loan accounts common to both participating banks, the available evidence strongly suggests National has long failed 

to exert effective competition to either the applicant or any of the other banks in 

the area. Its management is aged and ultra-conservative and either unable or 

unwilling, or both to fully serve its community. The applicant will bring to Belfast 

several specialized banking services presently not conveniently available, includDigitized for FRASER 

http://fraser.stlouisfed.org/ 

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

ing a comprehensive trust department and various specialized checking account 

and loan features. The county has suffered the virtual loss of a principal industry 

as the importance of oil production has progressively declined here and attempts 

to attract new industry should be enhanced by the expansion of its banking 

capabilities, however slight.

It is believed the proposed merger will have little effect on bank competition 

except in the Belfast service area, where there likely will be a significant increase. 

The merger is concluded to be in the public interest.

Case No. 20

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Citizens Marine Jefferson Bank,

Newport News, Virginia (change title 

to Citizens and Marine Bank) 

to merge with

26,929 4 10

The Citizens National Bank of Hampton,

Hampton

18,682 6

Sum m ary report by A ttorney General, A ugust 18, 1964

Citizens Marine Jefferson Bank with deposits in excess of $25 million, is a 

subsidiary of United Virginia Bankshares, a bank holding company with combined 

assets of over $484 million operating 6 banks with 45 offices in 11 communities in 

Virginia. Of the 4 other banks in Newport News, one is a branch of First and 

Merchants National Bank, the largest bank in Virginia; two, The Bank of Virginia, 

(fourth largest bank in Virginia) and The Bank of Warwick, are subsidiaries of 

Virginia Commonwealth Corporation, a bank holding company, with combined 

assets in excess of $230 million. The remaining bank, The Bank of Hampton 

Roads with assets of only slightly over $11 million, is the only independent bank 

in Newport News.

The city of Hampton, where Citizens National Bank of Hampton is located, 

adjoins Newport News. With deposits of $17,875,482, it is the largest bank in 

Hampton. The other three banks in Hampton, each slightly smaller than Citizens 

National, are all independent banks. The application discloses that competition 

between the merging banks is substantial, and the advantages accruing to the 

resulting bank from the merger will give it a decided competitive advantage over 

the three remaining independent banks in Hampton.

Approval of this merger will act as a precedent for the other large banking 

organizations in Newport News to absorb the three remaining independent banks 

in Hampton.

The effect of this proposed merger upon competition will be adverse. It will not 

only result in a substantial lessening of competition but will foster and encourage 

the rapidly increasing concentration of banking in Virginia.

Basis for Corporation approval, O ctober 1, 1964

Newport News and Hampton are adjoining independent cities serving the 

important Hampton Roads port area of Virginia. Together with a small portion of 

York County, these expansive communities comprise the service area relevant to 

this proposal. Jefferson, the second largest bank in terms of local IPC deposits, 

holding 13.1 percent thereof, presently serves Newport News through 4 offices, 

all within the city limits. It is owned by United Virginia Bankshares, Incorporated, 

a registered bank holding company, presently controlling 5 banks in other 

communities. National, the fourth largest of the 10 banks located in this area, 

holding 9.6 percent of aggregate local IPC deposits, operates 5 offices in 

Hampton and extends its influence slightly into York County through a branch

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION

located at Grafton. The bank resulting from this merger would hold 22.7 percent 

of aggregate IPC deposits of the banking offices in the service area, and though 

the second largest would hold much less than the 5 offices of the largest, which 

hold 31.5 percent. The latter is a Richmond bank (the largest in the State) having 

total deposits in excess of $402 million. Two other competing banks, one of which 

is more than five times the size of the resulting bank, are affiliates of another 

holding company and together their local offices held 19.5 percent of the area’s 

aggregate IPC deposits. Competition with these banking offices will be increased.

The main offices of the two participating banks are 5.8 miles apart and their 

closest offices— Jefferson’s main office and National’s Pembroke Avenue branch 

— are 2 miles apart. These last, however, are separated by effective physical 

barriers that have served to restrict competition between the two to a small 

degree. There is some overlapping of service areas of Jefferson’s New Market 

branch and National’s Mercury Boulevard branch 2Vz miles away, but a branch 

of another bank is situated between the two. Competition between the two 

subject banks that will be eliminated by their merger is believed to be of relatively small degree.

There will remain 8 different banks, operating 32 offices in the area, probably competing on a somewhat increased tempo as a result of this merger.

The increase in the lending limit of Jefferson from $150,000 to $250,000 will 

enable it to service locally the credit needs of all but the largest industrial 

establishments in Newport News and Hampton and, also, it will offer a broader 

and more sophisticated range of banking services than National is able to provide. Further, the resources of Jefferson after the merger will enable it to provide 

substantially improved trust services which are available in the area now, only 

through the branches of Richmond banks.

In view of the broader range of banking services which will be offered by the 

resulting bank in the Newport News-Hampton area, without any significantly 

adverse competitive effects, the merger is concluded to be in the public interest.

Case No. 21

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Bank of Sacramento, 24,667 1 2

Sacramento, California

to merge with

Bank of Davis, 6,713 1

Davis

Sum m ary report by A ttorney General, O ctober 8, 1964

Application has been made to merge the Bank of Sacramento in the city of 

Sacramento, California, and the Bank of Davis, Davis, California, which is located 

approximately 15 miles west of Sacramento on U.S. Highway No. 40.

Banking in the area in question is presently highly concentrated in three of 

the large California branch bank systems— Bank of America, Wells Fargo Bank, 

and Crocker-Citizens National Bank. Of the estimated total IPC deposits in the 

area of $517 million, these three control $445 million or approximately 85 percent. 

Of the total outstanding loans in the area of approximately $504 million, they 

possess $431.4 million or approximately 86 percent.

In contrast to this, the applicant banks possess $16 million or 3.1 percent of the total deposits and $15 million or 3 percent of the total loans in the 

area.

In view of the relatively minor size of the applicant banks, and the fact that the 

service area in question is currently being served by 10 other competing banks, 

including the 3 large dominant branch systems noted above, it is our opinion 

that the merger in question would have little adverse competitive impact.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Basis for Corporation approval, O ctober 29, 1964

The applicant bank is located in Sacramento, the county seat of Sacramento 

County and the capital of the State of California. It is approximately 93 miles 

northeast from San Francisco and is a marketing center for a large, rich and 

varied farming region. Industry is well diversified and during the past decade 

population and business expansion has been rapid. The merging bank is located 

in Davis, Yolo County, California approximately 16 miles west from Sacramento. 

Agriculture is important to its economy but the chief attraction for new business 

and residents is the University of California, Davis Campus, located adjacent to 

the west border of the downtown area.

The participating banks serve separate areas and there is virtually no competition between them. The resulting bank will hold but 3.1 percent of the aggregate 

IPC deposits of the banking offices in the combined service area which contains 

offices of some of the largest banks in California. The merger will stimulate competition in the Davis service area, where there are offices of Bank of America and 

Wells Fargo Bank, through improved and expanded services which will be available as a result of the proposal. Further, it will provide a solution to the many 

problems which have confronted the Bank of Davis for many years.

The merger is concluded to be in the public interest.

Case No. 22

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Council Bluffs Savings Bank,

Council Bluffs, Iowa 

to acquire the assets and assume

liabilities of

33,175 3 4

McClelland Savings Bank,

McClelland

947 1

Sum m ary report by A ttorney General, A ugust 24, 1964

Council Bluffs Savings Bank, organized in 1856, is the oldest bank in the State 

of Iowa. Its home office and one of its two branches are in Council Bluffs (population 54,361). It has the largest trust department in southwestern Iowa and its 

deposits total nearly $30 million.

McClelland Savings Bank, organized in 1904, has but one banking office in 

McClelland, Iowa (population 170), 12 miles northeast of Council Bluffs. It has 

no trust department and its deposits total less than $1 million.

Competition between the participating banks appears to be minimal. Moreover, 

the merger will have little effect upon competition and shares of the market in 

the service area of the resulting bank.

Although a small unit bank will be eliminated, it does not appear that the 

proposed purchase of assets and assumption of liabilities will have a substantially 

adverse effect on competition or involve any significant tendency toward monopoly 

in the resulting service area.

Basis for Corporation approval, N ovem ber 4, 1964

The proposed transaction involves two banks located in Pottawattamie County 

which is situated in southwestern Iowa. The county is bounded on the west by 

the Missouri River which also serves as the State’s western boundary at that 

point. Applicant bank is located in Council Bluffs, the seat of the county government and a railroad and small manufacturing center. Council Bluffs is situated 

on the east bank of the Missouri River which separates it from Omaha, Nebraska. 

McClelland is a small rural town which is in economic decline and located 16 

miles northeast from Council Bluffs.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 53

Applicant’s service area includes that of McClelland but there has been virtually 

no competition between the participating banks for many years because of their 

extremely close working relationship. The resulting bank would be the largest in 

the primary service area, holding 33.2 percent of aggregate IPC deposits and 

37.2 percent of aggregate loans held by all banks competing in the designated 

area. This, however, represents an increase in applicant’s share of the market 

of less than 1 percent of the aggregate of both IPC deposits and loans. When 

consideration is given the banks located in Omaha, Nebraska, the resulting bank 

would be the fourth largest and would hold but 5 percent and 4.9 percent, respectively, of the aggregate IPC deposits and loans.

The town of McClelland is located away from well-traveled highways, has 

limited trade facilities, and little attraction as a residential or shopping point. 

The prospects for its continued ability to support an independent banking unit 

are not favorable. The advanced age of McClelland’s executive officer and the 

extreme difficulty which would be encountered in attracting a qualified individual 

presents the related problem of management succession. Under the proposal, 

McClelland would continue operations as a branch under competent and younger 

management.

In view of the negligible amount of competition, if any, which might be eliminated and the minimal increase in concentration of banking resources, the effect 

of the proposal on competition in the over-all service area would not be adverse. 

The proposed transaction will assure continuity of both a banking facility and 

capable management in McClelland and is concluded to be in the public interest.

Case No. 23

Resources / i n Banking offices

un

thousands

of dollars)

In

operation

To be

operated

The Northwestern Bank,

North Wilkesboro, North Carolina

200,822 60 62

to merge with

First State Bank,

Hazelwood

2,133 2

Sum m ary report by A ttorney General, Septem ber 2 5 , 1964

The proposed merger of the First State Bank, Hazelwood, North Carolina, into 

the Northwestern Bank, North Wilkesboro, North Carolina, if approved, will replace 

a small sound independent bank with a branch of one of North Carolina’s large 

chain banks which will be in competition with a branch of an even larger chain 

bank, also acquired. There being no significant competition to be eliminated 

by the merger, its effect on competition, standing alone, would not be adverse. 

However, this acquisition is but the latest of numerous acquisitions of small banks 

in North Carolina by the large chain banks in that State, a pattern, if continued, 

will further concentrate banking resources in the State in a few banks and result 

in the disappearance of locally owned independent banks.

Basis for Corporation approval, Novem ber 4, 1964

Northwestern is the fifth largest bank in North Carolina, operating its main 

office in North Wilkesboro and a network of branches serving the western, northwestern, and central sections of the State. It is satisfactorily operated, when 

measured in terms of all six banking factors to be considered, and has aggressively increased its service potential in recent years through the establishment 

of de novo branches and through the absorption of other banks. Although it 

does not compete throughout all of North Carolina with the four largest banks, 

it does effectively compete with offices of these banks at many of its locations. 

Northwestern holds less than 5 percent of the aggregate deposits of all banks in

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

North Carolina and the merger with First State would increase this proportion 

only infinitesimally. This compares with 22 percent for the largest bank in the 

State, 16 percent for the second largest, 11 percent for the third largest, and 9 

percent for the fourth largest. The sixth largest holds 3.4 percent of the total. 

Northwestern is only about one-fifth the size of the largest bank in the State and 

about one-half the size of the fourth largest. The merger would have no significant effect on the concentration of banking resources in North Carolina, nor 

will it affect the relative position of Northwestern or competition in its service area.

First State is a relatively small bank, operating two offices only about one 

mile apart, for which principal competition is provided by three branches of the 

State’s third largest bank and one branch of the fourth largest. The entry of 

Northwestern into the Hazelwood area in place of the small bank would increase 

competition for the two larger banks. The nearest offices of the merging banks 

are more than 30 miles apart and there is no competition between them which 

would be eliminated. Specifically, Northwestern would offer a larger lending 

limit in competition with the two larger banks, and would bring trust services 

and a wider range of loan services, particularly an agricultural advisory department, to the customers of First State. The larger lending limit should benefit the 

rapidly expanding industrial economy of the Hazelwood and Waynesville area 

and will result in a better balance in that area’s banking structure.

There is no tendency toward monopoly involved, and in view of the foregoing 

competitive aspects which are favorably resolved, it is concluded that the merger 

would be in the public interest.

Case No. 24

Resources (i n Banking offices

thousands

of dollars)

In

operation

To be

operated

Union Bank and Trust Company,

Pottsville, Pennsylvania 

to merge with

10,899 3 4

Silver Creek State Bank,

New Philadelphia

3,707 1

Sum m ary report by A ttorney General, Septem ber 3 0 , 1964

The merger in question will eliminate all competition between Union Bank and 

Silver Creek Bank, which are in communities only 6 miles apart, and will eliminate the latter as an independent bank. However, the competition thus eliminated 

does not appear critically significant in the context of the several alternative 

banking sources available in the relevant market area. Silver Creek Bank, with 

less than $3 million in IPC deposits, is the smallest of the 10 commercial banks 

in the area, accounting for less than 3 percent of the total IPC deposits. While 

the resulting bank will have 11.2 percent of the total IPC deposits, it will be less 

than one-half the size of each of the 2 leading banks competing in the area 

and not disproportionately larger than the other 6 remaining. The addition of 

less than 3 percentage points to Union Bank’s present share of IPC deposits 

and 2.2 percentage points to its present share of loans would not seem to place 

the remaining banks in the area at any significant competitive disadvantage.

The proposed merger will not have a substantially adverse effect upon competition.

Basis for Corporation approval, N ovem ber 12, 1964

The merging banks are located about 6 miles apart in Schuylkill County which 

is situated in the east-central part of Pennsylvania. Applicant operates its main 

office and two branches in Pottsville. Silver Creek, located in New Philadelphia, 

is a unit bank.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 55

The service areas overlap to a modest degree but both banks are small and 

serve primarily their own immediate areas. In addition, a competitive relationship between them is not indicated in the recent instance of applicant’s assignment of its cashier to Silver Creek in an advisory capacity upon the death of 

Silver Creek’s executive officer. The latter had made no provision for management 

succession and found itself unable to supply officer material from its personnel 

and unable to attract capable applicants for the position.

Applicant’s share of the aggregate IPC deposits in the combined service area 

will be increased by less than 3 percent and the resulting bank will hold 11.2 

percent of aggregate IPC deposits and 14.9 percent of the loans. Each of the two 

larger banks, with a total of six offices in the combined service area, hold more 

than twice the aggregate IPC deposits than will the resulting bank. Further, the 

resulting bank will not be so large as to place the other six banks at a disadvantage.

The share of the market to be held by the resulting bank and the nominal 

competition which might be eliminated would not adversly affect the over-all 

competitive situation. The proposed transaction would provide easy access to 

full trust services and expanded instalment loan and other services in the Silver 

Creek area, as well as a solution to Silver Creek’s management succession 

problem, and is concluded to be in the public interest.

Case No. 25

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Washington Mutual Savings Bank,

Seattle, Washington 

to consolidate with

438,225 9 11

Citizens Mutual Savings Bank,

Spokane

12,202 2

Sum m ary report by A ttorney General, O ctober 14, 1964

The proposed consolidation will eliminate a substantial degree of actual existing competition between the two savings institutions. It will also eliminate a clear 

potential for additional future competition and confront the other savings institutions in the Spokane area with the full impact of having the largest savings bank 

in the State enter the area by merger and thereby immediately acquire two 

branches and a significant share of the market.

The proposed consolidation will have a substantially adverse effect on competition among savings institutions in the Spokane-Pullman area of eastern 

Washington State.

Basis for Corporation approval, Novem ber 12, 1964

This transaction involves a mutual savings bank which is insured by the 

Federal Deposit Insurance Corporation and a State chartered savings and loan 

association which is insured by the Federal Savings and Loan Insurance Corporation. Citizens Mutual does not and will not operate as a mutual savings 

bank— it presently operates as Citizens Savings and Loan Society, Spokane. 

Because applicable State law does not provide for the consolidation of a mutual 

savings bank and a savings and loan association, the desired consolidation 

requires the prior conversion of the savings and loan association into a mutual 

savings bank. It is planned that the conversion and consolidation will be effected 

on the same date with a minimum of intervening time.

Washington Mutual, the largest of four savings banks in Washington, operates 

eight branches in the Seattle metropolitan area and has approval for an additional 

branch in Seattle and one in Spokane. Washington Mutual has enjoyed considDigitized for FRASER 

http://fraser.stlouisfed.org/ 

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

erable success and is a primary competitor for mortgage loans and thrift deposit 

services in its service area. The consolidation will have no effect on competition 

in these banking fields in the present service area of Washington Mutual where 

it is in direct competition with the offices of 8 commercial banks, 2 mutual 

savings banks, and 17 savings and loan associations.

Citizens Savings and Loan Society is a relatively small association with its 

main office in Spokane, 288 miles east of Seattle, and a branch in Pullman, 78 

miles south of Spokane. In this area, it is in competition with five other savings 

and loan associations, three of which are more than 13 times its size, and five 

commercial banks. Introduction of the applicant into this area should beneficially 

increase competition for mortgage loans and thrift deposit services.

Consummation of the consolidation will solve a management succession problem at the savings and loan association, and expand the services offered by 

the two present Citizens’ offices. This expansion of savings bank facilities should 

be a beneficial addition to the economy of eastern Washington as well as enhancing the convenience for present and potential mutual savings bank customers 

in this area.

There is no tendency toward monopoly involved and, since there are no 

adverse aspects relative to the statutory factors to be considered, the consolidation is concluded to be in the public interest.

Resources

(in

thousands

of dollars)

Banking offices

Case No. 26 In

operation

To be

operated

Chemical Bank New York Trust Company,

New York, New York 

to merge with

First National Safe Deposit Company

of Pelham, N. Y., Inc.,

Pelham 2 

and

First National Safe Deposit Company of

Mt. Vernon, N. Y.,

Mt. Vernon 3

5,876,496 127 127

Sum m ary report by A ttorney General, Septem ber 14, 1964

The First National Safe Deposit Company of Pelham, N. Y., Inc., Pelham, 

New York, and the First National Safe Deposit Company of Mt. Vernon, N. Y., 

Mount Vernon, New York, are, with the exception of director shares, presently 

owned by the Chemical Bank New York Trust Company, New York, New York, 

as a result of the merger of the First National Bank of Mt. Vernon, Mount Vernon, 

New York, with Chemical in February 1964, pursuant to the approval of the 

Federal Reserve Board. No further adverse competitive effects are believed 

present in the merging of these two companies with Chemical.

Basis for Corporation approval, N ovem ber 25, 1964

Chemical Bank New York Trust Company acquired all but Directors’ qualifying 

shares of the two safe deposit companies, whose operations are limited to the 

safe deposit business, through a merger on February 24, 1946, with The First 

National Bank of Mount Vernon, Mount Vernon, New York. All of the officers of 

the safe deposit companies are also officers or employees of Chemical. The 

objective of the subject transactions is to eliminate duplication of accounting 

reports and records and to save the time of the officials who are serving in a 

dual capacity. Consummation of the mergers would have no effect on the condiDigitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 57

tion or prospects of Chemical nor upon banking competition. Favorable findings 

have been made on the seven factors required to be considered by the Corporation and it is concluded that the merger is in the public interest.

Case No. 27

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Mechanics-State Bank,

McComb, Mississippi 

to merge with

1 6 ,0 1 1 2 3

Farmers Exchange Bank,

Centreville

1 ,9 5 3 1

Sum m ary report by A ttorney General, Septem ber 15, 1964

Farmers Exchange Bank with assets of $1,953,000 operates one banking office 

in Centreville, Mississippi, and serves an area the basic economy of which is 

agricultural and stock raising. Its principal competitors are the eight small banks 

located in towns from 8 to 30 miles distant from Centreville and having assets 

ranging from roughly $1 to $5 million.

Mechanics-State Bank has assets of $16,011,000. The merger will give the 

resulting banks assets of about $18 million, which will be over 3 times the size of 

the eight banks now competing with Farmers Exchange. Thus, these eight banks 

will thereafter operate at a competitive disadvantage. The precedent of this merger 

may act as a spur to these smaller banks to likewise merge to offset the greatly 

increased lending limit and other banking facilities the larger resulting bank will 

have, and thereby encourage the concentration of banking in Mississippi. However, it is the view of this Department that the approval of this proposed merger 

standing alone will not have an adverse competitive effect.

Basis for Corporation approval, Decem ber 9, 1964

The merging banks are located 40 miles apart in southwestern Mississippi 

east of the Mississippi River and a few miles north of the Louisiana state line. 

There is little, if any, competition between them that will be eliminated as a result 

of the merger; consequently, elimination of competition is not a factor in this 

proposal.

Farmers, the bank being absorbed, serves a limited service area around Centreville which straddles the line between Wilkinson and Amite Counties. The 

applicant, in McComb, serves all of Pike County in which it is located and 

portions of the surrounding counties of Amite, Walthall, Lincoln, Lawrence and 

Franklin. Over the past several years, the management of applicant has been 

aggressive and has pursued progressive policies, showing a deep interest in 

community welfare and betterment. On the other hand, Farmers has not been a 

progressive bank. Farmers is the only bank in Centreville and its nearest competion is provided by one bank located 8 miles south in Norwood, Louisiana, 

and one bank located 8 miles north of Gloster, both being aggressive competitors. The merger of Farmers into the applicant not only would tend to increase banking competition in the Centreville service area, but would bring to 

the public broader and more complete banking services such as trust department facilities, a much larger lending limit, broader and more specialized loan 

facilities and services, a more aggressive and experienced management, and 

continuity of management succession. The addition of the resources of Farmers 

to those of the applicant would have no significant effect on the competitive 

climate in McComb as it presently exists. Following the merger nine other banks 

will remain in competition with the applicant.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

There is no tendency toward monopoly involved and in view of the foregoing 

it is concluded that the merger is in the public interest.

Case No. 28

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Page State Bank,

Page, North Dakota 

(Proposed new bank) 

to acquire the assets and assume

liabilities of 1 branch of

1

First State Bank of Hope,

Hope

1,260 5 1 6

Sum m ary report by A ttorney General, Novem ber 13, 1964

The Page State Bank is a newly organized State bank having received its 

charter in April 1964.

The First State Bank of Hope has since July 1, 1944, operated a paying and 

receiving station at Page, 14 miles south of Hope. The Page station, with limited banking authority, has been the only banking facility at Page. The Page 

State Bank was organized to supplant the Page station with an institution providing full banking authority to the Page community. Under the proposed plan 

of acquisition, the Page State Bank would acquire all property and accounts 

of the First State Bank of Hope applicable to the Page community in exchange 

for its capital stock. The stock of Page State Bank and of First State Bank of 

Hope will be closely held and the banks will have common shareholders.

After the acquisition (scheduled to take place, according to the application, 

on or after October 1, 1964) the First State Bank of Hope will have total deposits 

of $3,069,750 and total loans of $2,030,490. Page State Bank will have total 

deposits of $1,063,341 and total loans of $892,816.

There will be no discernible adverse competitive effects as a result of the 

acquisition of the paying station’s assets and assumption of the deposit 

liabilities applicable to the Page community by the newly organized Page State 

Bank as the acquisition merely results in the supplanting of a limited banking 

facility with an institution providing full banking authority.

Basis for Corporation approval, D ecem ber 22, 1964

The transaction involves an operating bank in Hope, North Dakota, and a 

proposed new bank to be located in Page, North Dakota, at the site of the Hope 

bank’s paying and receiving station. Hope and Page are 14 miles apart and each 

serves a strictly agricultural area.

The effect of the transaction will be to supplant the limited power station by 

a full service bank to be capitalized by a spin-off of capital funds from the Hope 

bank offset by the transfer of certain assets and deposits to the proposed new 

bank. The number of banking facilities in the area will not be diminished and 

there will be no elimination of competition. The concentration of banking resources will be decreased by the acquisition and assumption transaction and no 

adverse effects on over-all competition are apparent.

The State authority in recent months has instituted a program of bringing the 

operation of banking stations into conformity with State law which does not 

permit stations to make and service loans. The station at Page has been granting loans, and enforcement of the program will curtail its services to the community while the proposed new bank, which will be under similar management 

and control as the station, will have full banking authority.

The proposed transaction will have no unfavorable competitive effects but 

will insure continuation of full banking service in the Page area and is concluded 

to be in the public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANK ABSORPTIONS APPROVED BY THE CORPORATION 59

Case No. 29

Resources

(in

thousands

of dollars)

Banking offices

In

operation

To be

operated

Southern Bank and Trust Company,

Greenville, South Carolina 

to merge with

14,704 4 6

Citizens Bank,

Fountain Inn

2,899 2

Sum m ary report by A ttorney General, Decem ber 4, 1964

Southern is the third largest bank in the Greenville area, accounting for about 

8.8 percent of all bank deposits in Greenville County, and one of five large banks 

in the area with deposits of $10 million or more, which together account for 

about 91.8 percent of deposits in the county. Southern does business principally 

in the Greenville area, having three offices there and also one branch 100 miles 

east in Rock Hill, South Carolina. Citizens is one of five small, independent banks 

which have deposits of less than $4 million and do business predominantly in 

the Greenville area. Citizens accounts for about 1.8 percent of deposits in the 

county, and has two offices, 15 and 20 miles southeast of Greenville.

The proposed merger will not eliminate substantial competition between the 

applicants. Moreover, it will not significantly alter the availability of alternative 

banking sources in the relevant market area. While the resulting bank will hold 

10.6 percent of the total deposits in Greenville County, it will remain far smaller 

than the two largest banks and will not be disproportionately larger than two of 

six others.

We conclude, therefore, that the proposed merger will have no substantially 

adverse effects upon competition.

Basis for Corporation approval, Decem ber 22, 1964

The proposed transaction involves two banks located in Greenville County 

which is situated in northwest South Carolina. Applicant operates its main office 

and two branches in Greenville and a third branch in Rock Hill, about 95 miles 

to the east. Citizens operates its main office in Fountain Inn and a branch at 

Gray Court, 8 miles to the south. The main and closest offices of the participating banks are 18 miles apart, and there is little, if any, competition between 

the two that would be eliminated as a result of the merger.

Applicant serves an area which is principally industrial in nature and confined 

largely to the communities of Greenville and Rock Hill. The merging bank serves 

an area which is still predominantly agricultural but which is experiencing some 

industrial expansion and the trend is toward further expansion in this direction. 

The applicant will not advance its position as the fourth largest bank in the area 

it now serves and will hold but 2.8 percent and 3.3 percent of deposits and 

loans, respectively, in the combined service areas. In the Greenville and Rock 

Hill areas, which contain offices of the two largest banks in the State, there will 

be no discernible effect on competition. Entry of the applicant into the area of 

Citizens would make available expanded banking services, including a higher 

lending limit and more attractive interest rates on time and savings deposits 

to the banking public in that area. This will tend to stimulate competition in the 

area served by Citizens, especially for time deposits, but not to the extent that 

other banks in the area would be adversely affected.

There will be no diminution of banking facilities and the proposed merger will 

not only provide a continuance of adequate banking facilities for the communities 

of Fountain Inn and Gray Court but will assure a continuity of capable and more 

aggressive management as well. Further, it will provide a solution to a number 

of problems which have confronted the Citizens Bank in recent years.

In view of the foregoing, the proposed merger, which will have no significant 

effect on competition, is concluded to be in the public interest.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

1 Unless otherwise indicated, the first named bank is a resulting insured nonmember bank. Cases are listed in chronological order of determination.

2 Prior to this transaction the Continental Illinois National Bank and Trust Company of Chicago was operating 1 office in the United States (States and other 

areas). FDIC statistics do not include offices in foreign countries.

3 Corporation approval is required for absorption of a noninsured bank or institution by an insured bank. In Case No. 1, absorption is by a national bank; in 

Case No. 26, absorbing bank is a State bank member of the Federal Reserve 

System.

4 Fidelity-Bankers Trust Company, a noninsured institution, also applied for 

admission to Federal deposit insurance effective simultaneously with consummation of the merger.

5 Deposits in branch being absorbed.

6 Branch only is being absorbed. First State Bank of Hope will continue to 

operate its main office.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
LEGISLATION 

AND REGULATIONS

P A R T T W O

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FEDERAL BANKING LEGISLATION 1964

Public Law 8 8 -4 6 7

8 8th Congress, S. 1642

A ugust 20, 1964

AN ACT

To amend the Securities Act of 1933y as amended, and the Securities Exchange

Act of 1934, as amended, to extend disclosure requirements to the issuers of

additional publicly traded securities, to provide for improved qualification and

disciplinary procedures for registered brokers and dealers, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States

of America in Congress assembled, That this Act may be cited as the “ Securities 

Acts Amendments of 1964” .

#########

Sec. 3. (a) Section 12(b) of the Securities Exchange Act of 1934 is amended 

as follows:

######*##

(e) Section 12 of said Act is further amended by adding thereto the following 

new subsection:

“ (i) In respect of any securities issued by banks the deposits of which are 

insured in accordance with the Federal Deposit Insurance Act, the powers, 

functions, and duties vested in the Commission under this title to administer 

and enforce sections 12, 13, 14(a), 14(c), and 16 (1) with respect to national 

banks and banks operating under the Code of Law for the District of Columbia 

are vested in the Comptroller of the Currency, (2) with respect to all other member banks of the Federal Reserve System are vested in the Board of Governors 

of the Federal Reserve System, and (3) with respect to all other insured banks 

are vested in the Federal Deposit Insurance Corporation. The Comptroller of 

the Currency, the Board of Governors of the Federal Reserve System, and the 

Federal Deposit Insurance Corporation shall have power to make such rules and 

regulations as may be necessary for the execution of the functions vested in 

them as provided in this subsection and none of the rules, regulations, forms or 

orders issued or adopted by the Commission pursuant to this title shall be in 

any way binding upon such officers and agencies in the performance of such 

functions, or upon any such banks in connection with the performance of such 

functions.”

#####*##*

Sec. 13. The amendments made by this Act shall take effect as follows:

(1) The effective date of section 12(g)(1) of the Securities Exchange Act of 

1934, as added by section 3(c) of this Act, shall be July 1, 1964.

(2) The effective date of the amendments to sections 12(b) and 15(a) of the 

Securities Exchange Act of 1934, contained in sections 3(a) and 6(a), respectively, of this Act, shall be July 1, 1964.

(3) All other amendments contained in this Act shall take effect on the date 

of its enactment.

Approved August 20, 1964.

63

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Public Law 8 8 -5 9 3

8 8th Congress, H. R. 12267

Septem ber 12, 1964

AN ACT

To provide for notice of change in control of management of insured banks, and

for other purposes.

Be it enacted by the Senate and House of Representatives of the United States

of America in Congress assembled, That the Federal Deposit Insurance Act (12 

U.S.C. 1811-1831), as amended, be amended by adding the following new subsection (j) at the end of section 7 thereof:

“ (j) (1) Whenever a change occurs in the outstanding voting stock of any 

insured bank which will result in control or in a change in the control of the 

bank, the president or other chief executive officer of such bank shall promptly 

report such facts to the appropriate Federal banking agency upon obtaining 

knowledge of such change. As used in this subsection, the term ‘control’ means 

the power to directly or indirectly direct or cause the direction of the management or policies of the bank. A change in ownership of voting stock which 

would result in direct or indirect ownership by a stockholder or an affiliated 

group of stockholders of less than 10 percent of the outstanding voting stock 

shall not be considered a change of control. If there is any doubt as to whether 

a change in the outstanding voting stock is sufficient to result in control thereof 

or to effect a change in the control thereof, such doubt shall be resolved in 

favor of reporting the facts to the appropriate Federal banking agency.

“ (2) Whenever an insured bank makes a loan or loans, secured, or to be 

secured, by 25 per centum or more of the outstanding voting stock of an insured 

bank, the president or other chief executive officer of the lending bank shall 

promptly report such fact to the appropriate Federal banking agency of the bank 

whose stock secures the loan or loans upon obtaining knowledge of such loan 

or loans, except that no report need be made in those cases where the borrower 

has been the owner of record of the stock for a period of one year or more, or 

the stock is that of a newly organized bank prior to its opening.

“ (3) The reports required by paragraphs (1) and (2) of this subsection shall 

contain the following information to the extent that it is known by the person 

making the report: (a) the number of shares involved, (b) the names of the 

sellers (or transferors), (c) the names of the purchasers (or transferees), (d) the 

names of the beneficial owners if the shares are registered in another name, 

(e) the purchase price, (f) the total number of shares owned by the sellers (or 

transferors), the purchasers (or transferees) and the beneficial owners both 

immediately before and after the transaction, and in the case of a loan, (g) the 

name of the borrower, (h) the amount of the loan, and (i) the name of the bank 

issuing the stock securing the loan and the number of shares securing the loan. 

In addition to the foregoing, such reports shall contain such other information 

as may be available to inform the appropriate Federal banking agency of the 

effect of the transaction upon control of the bank whose stock is involved.

“ (4) Whenever such a change as described in paragraph (1) of this subsection 

occurs, each insured bank shall report promptly to the appropriate Federal 

banking agency any changes or replacement of its chief executive officer or of 

any director occurring in the next twelve-month period, including in its report 

a statement of the past and current business and professional affiliations of the 

new chief executive officer or directors.

“ (5) The Comptroller of the Currency shall immediately furnish to the Board 

of Governors of the Federal Reserve System and to the Federal Deposit Insurance Corporation a copy of any such report required in this subsection and 

received by him, and the Board of Governors of the Federal Reserve System 

shall immediately furnish to the Federal Deposit Insurance Corporation a copy 

of any such report required in this subsection and received by it.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
FEDERAL BANKING LEGISLATION 65

“ (6) As used in this section, the term ‘appropriate Federal banking agency’ 

shall mean (a) the Comptroller of the Currency in the case of a national banking 

association or a district bank, (b) the Board of Governors of the Federal Reserve 

System in the case of a State member insured bank (except a district bank), 

and (c) the Federal Deposit Insurance Corporation in the case of a State nonmember insured bank (except a district bank).”

Approved September 12, 1964.

Public Law 88-341

8 8th Congress, H. R. 8 2 3 0

June 3 0 , 1964

AN ACT

To amend section 24 of the Federal Reserve Act (12 U.S.C. 371) to liberalize the

conditions of loans by national banks on forest tracts.

Be it enacted by the Senate and House of Representatives of the United States

of America in Congress assembled, That the second paragraph of section 24 of 

the Federal Reserve Act (12 U.S.C. 371) is amended to read:

“ Any national banking association may make real estate loans secured by first 

liens upon forest tracts which are properly managed in all respects. Such loans 

shall be in the form of an obligation or obligations secured by mortgage, trust 

deed, or other such instrument; and any national banking association may purchase any obligation so secured when the entire amount of such obligation is 

sold to the association. The amount of any such loan shall not exceed 60 per 

centum of the appraised fair market value of the growing timber, lands, and 

improvements thereon offered as security and the loan shall be made upon such 

terms and conditions as to assure that at no time shall the loan balance exceed 

60 per centum of the original appraised total value of the property then remaining. 

No such loan shall be made for a longer term than three years; except that any 

such loan may be made for a term not longer than fifteen years if the loan is 

secured by an amortized mortgage, deed of trust, or other such instrument 

under the terms of which the installment payments are sufficient to amortize the 

principal of the loan within a period of not more than fifteen years and at a rate 

of at least 6% per centum per annum. All such loans secured by first liens upon 

forest tracts shall be included in the permissible aggregate of all real estate loans 

prescribed in the preceding paragraph, but no national banking association shall 

make forest-tract loans in an aggregate sum in excess of 50 per centum of its 

capital stock paid in and unimpaired plus 50 per centum of its unimpaired surplus 

fund.”

Approved June 30, 1964.

Public Law 8 8 -5 6 0

8 8th Congress, S. 3 0 4 9

Septem ber 2, 1964

AN ACT

To extend and amend laws relating to housing, urban renewal, and community

facilities, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States

of America in Congress assembled, That this Act may be cited as the “ Housing 

Act of 1964” .

TITLE X— MISCELLANEOUS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

#####*###

R E A L E S T A T E L O A N S B Y N A T IO N A L B A N K S

Sec. 1004. Clause (3) of the third sentence of the first paragraph of section 24 

of the Federal Reserve Act is amended to read as follows:

“ (3) any such loan may be made in an amount not to exceed 80 per centum of 

the appraised value of the real estate offered as security and for a term not 

longer than twenty-five years if the loan is secured by an amortized mortgage, 

deed of trust, or other such instrument under the terms of which the installment 

payments are sufficient to amortize the entire principal of the loan within the 

period ending on the date of its maturity, and” .

#########

Approved September 2, 1964.

RULES AND REGULATIONS OF THE CORPORATION

TITLE 12— BANKS AND BANKING 

CHAPTER III— FEDERAL DEPOSIT INSURANCE CORPORATION

PART 329— PAYMENT OF DEPOSITS AND INTEREST THEREON 

BY INSURED NONMEMBER BANKS

§ 329.6 Maximum rates 12 of interest payable on time and savings deposits by

insured non member banks— (a) Maximum rate of 4Vz percent.

No insured nonmember bank shall pay interest accruing at a rate in excess 

of 41/2 percent per annum, compounded quarterly 13 regardless of the basis upon 

which such interest may be computed, on any time deposit having a maturity 

date 90 days or more after the date of deposit or payable upon written notice 

of 90 days or more.

(b) Maximum rate of 4 percent. No insured nonmember bank shall pay interest accruing at a rate in excess of 4 percent per annum, compounded quarterly,13 regardless of the basis upon which such interest may be computed:

(1) On any savings deposit, or

(2) On any time deposit having a maturity date less than 90 days after the 

date of deposit or payable upon written notice of less than 90 days. Effective

Nov. 24, 1964 (Sec. 9, 64 Stat. 881; 12 U.S.C. 1819. Interprets or applies Sec. 18, 

64 Stat. 891; 12 U.S.C. 1828). [F.R. Doc. 64-12135; Filed Nov. 30, 1964, 8:45 a.m., 

29 F.R. 15944]

i2The maximum rates of interest payable by insured nonmember banks on tim e and

savings deposits as prescribed herein are not applicable to any deposit which is payable

only at an office of an insured nonmember bank located outside of the States of the

United States and the District of Columbia.

I3 This lim itation 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.

IN T E R P R E T A T IO N

The question has been raised as to the maximum rate of interest payable under 

revised section 329.6 of the Corporation’s rules and regulations on savings 

deposits that had remained in a bank less than twelve months prior to November 

24, 1964, the effective date of the revised section. New maximum rates are not 

retroactive. Consequently, a savings deposit that has remained on deposit for less 

than twelve months prior to November 24, 1964, may bear interest at a rate not 

exceeding 4 percent only for the period beginning with such date and at a rate 

not in excess of 31/2 percent for the period prior to such date, except that if and 

when a savings deposit, which was in the bank prior to November 24, 1964, has 

remained in the bank for a full twelve-month period, interest may be adjusted to 

provide for a yield not in excess of 4 percent from the date of deposit.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
RULES AND REGULATIONS OF THE CORPORATION 67

PART 330— RECOGNITION OF DEPOSIT OWNERSHIP NOT ON BANK

RECORDS

Sec. 330.4— Deposits in Custodial Accounts

IN T E R P R E T A T IO N

§ 330.401 Recognition of deposit ownership in custodial accounts. The opinion 

of the Board of Directors has been requested as to whether a fractional or percentage computation of the interests of beneficial owners of commingled funds on 

deposit in custodial accounts in banks insured by the Federal Deposit Insurance 

Corporation meets the requirements of section 330.4 of the Corporation’s rules 

and regulations.

Section 330.4 provides that if the name and interest of an owner of any portion 

of a specifically designated custodial deposit is disclosed on the records of the 

person in whose name the deposit is maintained and such records are maintained 

in good faith and in the regular course of business, such owner will be recognized 

for all purposes of claim for insured deposits to the same extent as if his name 

and interest were disclosed on the records of the bank.

Heretofore, section 330.4 has been interpreted to mean that where a portion of 

commingled funds, held in custody by a depositor for the benefit of various beneficiaries, is deposited in one or more insured banks, the exact interest, in dollars 

and cents, of each beneficial owner must, at all times, be shown on the records 

of the depositor and that such interest could not be computed on a fractional or 

percentage basis.

The Board of Directors has concluded that, if the records of the depositor, 

maintained in good faith and in the regular course of business, reflect, at all 

times, the name and ascertainable interest of each beneficial owner in a specifically designated custodial deposit, such interest may be determined on a fractional or percentage basis and each beneficial interest shall be separately insured. 

This may be accomplished in any manner which indicates that where the funds of 

a beneficial owner are commingled with other funds held in custody and a portion 

thereof is placed on deposit in one or more insured banks, his interest in a 

custodial deposit in any one insured bank would represent at any given time the 

same fractional share as his share of the total commingled funds. (Sec. 9, 64 Stat. 

881, 12 U.S.C. 1819. Interpret or apply Sec. 12, 64 Stat. 887, 12 U.S.C. 1822) 

[F.R. Doc. 64-4553; Filed, May 6, 1964, 8:45 a.m.; 29 F.R. 6003]

PART 335— SECURITIES OF INSURED STATE NONMEMBER BANKS

NOTE: On December 31, 1964 the Board of Directors of the Corporation 

adopted a new Part 335 to the Corporation’s Rules and Regulations. This new 

Part, which became effective January 1, 1965, prescribes rules and regulations 

governing the issuance of securities issued by insured State banks which are not 

members of the Federal Reserve System. These regulations were issued under 

the authority of Public Law 88-467 of the 88th Congress, 2d session and were 

published in the Federal Register of January 12, 1965.

STATE BANKING LEGISLATION 1964

In 1964, the legislatures of 22 States held regular sessions and seven held 

special sessions. Some of the more important State banking legislation enacted 

during 1964 is summarized below on a State-by-State basis.

A L A B A M A (Special Session)

Authority for certain banks to establish branches based upon Act 24

amount of capital stock and population of county location of SB 107— XXX

bank ___________________________________________________ HB 160— XXX

HB 238— XXX

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
6 8 FEDERAL DEPOSIT INSURANCE CORPORATION

A L A S K A (R e g u la r S e s s io n )

Authorization of trust company to establish common trust fund Ch. 14

for self-investment _______________________________________ HB 174

Nominees of banks permitted to hold investments of banks acting Ch. 25

in a fiduciary capacity ___________________________________ HB 175

Federally-chartered banks and savings and loan associations Ch. 71

exempt from net income tax ______________________________ SB 288

Restrictions on banking interests of State banking officers Ch. 86

and employees __________________________________________ SB 316

A R IZ O N A (R e g u la r S e s s io n )

Conditions and effect of issuance, conversion and retirement of Ch. 41

capital notes and debentures ______________________________ HB 230

Bonus plan restrictions upon savings and loan associations___ HB 337

Furnishing of bond, securities, or safekeeping receipt by banks Ch. 82

receiving deposits ________________________________________ SB 158

C A L IF O R N IA (R e g u la r S e s s io n )

Acceptance of deposits by foreign banks____________________ Ch. 37

HB 21— X

Taxation of banks, corporations, associations and Massachusetts

Trusts __________________________________________________ SB 70— X

G E O R G IA (R e g u la r S e s s io n )

Legal status and nonliability of fiduciary under certain Act 732

conditions ______________________________________________ HB 542

Application for renewal of bank charter ___________________ Ch. 547

HB 787

Legal investments for trust funds of savings and loan Act 664

associations ___________________________________________ HB 795

“ Industrial Loan Act of 1964” ______________________________ Act 758

HB 949

Fees for application for bank charter _______________________ Act 978

SB 71

K E N T U C K Y (R e g u la r S e ssio n )

Time and attendance of meetings of credit union members____ HB 140

Establishment of Industrial Finance A uthority_________________ SB 207

Settlement of estates of contested value ____________________ SB 27

Establishment of Savings and Loan Association Act _________ SB 244

Filing exclusion of certain security interests _________________ SB 143

Constructive knowledge of certain financing transactions by

custodian bank __________________________________________ SB 212

L O U IS IA N A (R e g u la r S e s s io n )

Authorization of deposit of shares of savings and loan association Act 279

into cemetery trust funds _________________________________ HB 589

Saturday as a banking holiday_____________________________ Act 250

SB 279

Authority of State Market Commission to make and participate Act 298

in loans ________________________________________________ HB 909

Restrictions on loans by State building and loan associations

and Federal savings and loan associations relative to security Act 348

and purpose of loan _____________________________________ HB 584

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
STATE BANKING LEGISLATION 69

Louisiana Trust Code enacted _____________________________ Act 338

HB 417

Territorial restrictions on loans by building and loan Act 474

associations _____________________________________________ HB 293

Inapplicability of small loan retail transactions to industrial Act 523

motor vehicles __________________________________________ HB1198

Assignment of accounts receivable by debtors _______________ Act 511

HB 790

Investment of State funds in time certificates of deposit_______ Act 37

SB 123

Guaranteed loans by State Market Commission for agricultural

and forest facilities ______________________________________ HB 908

M A IN E (S p e c ia l S e s s io n )

Joint share accounts in credit unions _____________ SB 651— X

Guaranteed industrial loans and industrial mortgage SB 688— X

insurance _______________________________________________ SB 677— X

M A R Y L A N D (R e g u la r S e s s io n )

General and special duties of Bank Commissioner— Organization

of Savings Bank _________________________________________ HB 6

Officer and director membership in building or homestead

associations _____________________________________________ HB 206

Uniform Commercial Code correction relating to bank deposits

and collections __________________________________________ HB 88

Imposition of a franchise tax upon Federal savings and loan

associations _____________________________________________ HB 99

Income tax deduction for loss from shares in savings and loan

associations ________________________ _____________________ HB 96

Conditions upon insurance premium financing agreements ___ HB 354

Restrictions upon the administration of deposits of securities__ HB 55

Special regulations relative to currency exchanges __________ HB 8

M A S S A C H U S E T T S (R e g u la r S e s s io n )

Exemption of certain deposits in trust company from limitations Ch. 279

on amount _______________ ______________________________ HB 677

Restrictions of investment of deposited funds by credit Ch. 222

unions _________________________________________________ HB 678

Limitations upon issuance of real estate loans by credit unions HB 679

Credit union passbooks as sufficient collateral for bail _______ Ch. 67

HB 746

Authorization of savings banks and credit unions to provide Ch. 237

group insurance for employees_____________________________ HB 873

Minimum requirements relative to security needed by savings Ch. 280

banks’ chattel mortgages _________________________________ HB 875

Two-year waiting period for conversion of cooperative banks Ch. 386

into Federal savings and loan associations __________________ HB3211

Share and deposit limitations of credit union members _______ HB3212

Restrictions upon real estate loans by cooperative banks ____ HB 3241

1964 regulations for audits and examination of cooperative Ch. 611

banks __________________________________________________ HB 3335

Special regulations for savings deposits not insured by FDIC Ch. 304

in guaranty fund of trust companies ________________________ HB 3356

Payment of savings accounts in name of deceased depositors Ch. 352

of national banks or savings and loan associations____________ HB 3396

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Saturday as a banking holiday ____________________________ Ch. 93

SB 5

Limitation of 90% value of a savings bank’s mortgage on certain Ch. 219

types of real estate_______________________________________ SB 11

Restrictions on loans secured by mortgages of leasehold Ch. 220

interests by savings banks ________________________________ SB 12

Authorization of loans by savings banks secured by mortgages Ch. 206

on leasehold interests in certain air rig h ts___________________ SB 14

Investments by savings banks in certain stocks of fire and Ch. 98

casualty insurance companies _____________________________ SB 633

Investments by savings banks in bank and bank holding Ch. 232

company stocks _________________________________________ SB 691

Establishment of guaranty funds by credit unions as members Ch. 208

of Massachusetts Credit Union Share Insurance Corporation __ SB 694

Authorization of purchase by a bank or group of banks of group Ch. 236

accident or health insurance ______________________________ SB 710

Regulations concerning content of reports to directors of trust Ch. 300

companies ______________________________________________ SB 767

Regulation of insurance premium financing agencies_________ SB 935

M IC H IG A N (R e g u la r S e s s io n )

Uniform act regulating issuance and sale of certain securities.— HB 109

Annual examination fees for all banks payable to State Act 159

Treasury __________________________________________ _____ HB 141

Legal investment of State and political subdivisions in home loan Act 122

corporations or other banks insured by the FD IC _____________ HB 414

Investment of surplus funds of political subdivisions of State in Act 126

certificates of deposit of banks insured by FDIC _____________ HB 494

Directors’ meetings requirements of credit unions ____________ HB 661

1964 regulation governing annual reports and examinations of Act 74

savings and loans associations ____________________________ HB 779

“ Savings and Loan Association Act of 1964” _____ ____________ Act 156

SB 1073

Establishment, powers, and duties of the State Banking Act 36

Department ______________________ ______________________ SB 1136

Uniform Commercial Code amendments relating to commercial- Act 250

financial transactions _____________________________________ SB 1508

M IS S IS S IP P I (R e g u la r S e s s io n )

Duties and obligations of directors and examining committees

of State banks __________________________________________ SB 1826

Appointment of attorney-referees by savings and loan

associations for certain purposes __________________________ SB 1808

Authorization of savings banks to establish teller drive-in

windows __________ _____ ________________________________ SB 1824

Restrictions on handling of bills of lading by banks__________ SB 1848

Regulation of distribution of assets of testator by fiduciary SB 2060

and transfer of trust accounts ____________________________ SB 2059

Exempt securities of building and loan associations ___________ HB 897

N E W J E R S E Y (R e g u la r S e s s io n )

Minors authorized to contract in their own right for lease of Ch. 114

safe-deposit box _________________ ______________________ HB 196

License requirements for independent check-cashing Ch. 156

organizations ____________________________________________ HB 234

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Limitations on commissions above expenses payable to certain Ch. 25

fiduciaries ______________________________________________ HB 397

Regulations relative to restrictions on bank loans to certain Ch. 162

small businesses ________________________________________ HB 489

Uniform Commercial Code amendments to commercial-financial Ch. 166

loan transactions ________________________________________ HB 591

Savings and Loan Association Act amendments______________ Ch. 19

SB 24

Prohibition of investment changes by fiduciaries based upon Ch. 50

market fluctuations alone _________________________________ SB 87

Election, vacancies, and tenure of banking directors _________ Ch. 32

SB 143

Banking Act of 1948 amendments relative to investments of Ch. 70

savings banks ___________________________________________ SB 191

Limitations on types of mortgage loans in which savings banks Ch. 98

are authorized to invest __________________________________ SB 192

Bank stockholder’s preemptive right to purchase sto ck_______ SB 262

Restrictions on stock option plans _________________________ SB 263

N E W M E X IC O (S p e c ia l S e s s io n )

State Park and Recreation Commission bonds as legal investment

for savings banks _______________________________________ SB 10— XX

N E W Y O R K (R e g u la r S e s s io n )

Restrictions and rules governing the merger of savings banks Ch. 501

HB 1200

Effect of absence of notice of defense against or claim to draw Ch. 114

against corporate funds __________________________________ HB 3380

Regulation of the use of the word “ savings” by financial Ch. 115

institutions ______________________________________________ HB 3383

License required to change location of place of business of Ch. 167

licensed lender __________________________________________ HB 3388

Uniform Commercial Code amendments relating to mortgage

loan transactions ________________________________________ HB 3451

Restrictions on loans made by industrial banks to officers, Ch. 250

directors, and others ________________ ____________________ HB 3478

Separation of N. Y. banking laws from stock corporation laws Ch. 849

and general corporation laws _____________________________ HB 4641

Limitations upon amount of shares in a credit union permitted Ch. 594

to be owned by members ________________________________ HB 4234

Restrictions relating to property improvement loans by savings Ch. 551

banks and savings and loan associations ___________________ HB 4395

Limitations upon participation by savings banks in investments Ch. 235

in bonds and mortgages _________________________________ HB 4402

Effect of failure to file declaration or underpayment of estimated Ch. 367

tax by certain banks _____________________________________ HB 5243

Disbursement and ownership of joint deposits and shares in Ch. 157

banking organizations ____________________________________ SB 671

Publication in State paper of certain securities_______________ SB 1083

Restrictions upon the establishment of branches by banks and Ch. 160

trust companies _________________________________________ SB 2076

Related assessments upon deposit of securities by national Ch. 248

banks acting as fiduciary _________________________________ SB 2241

Investment in bank service corporations by savings banks ___ Ch. 231

SB 2427

STATE BANKING LEGISLATION 71

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
72 STATE BANKING LEGISLATION

P E N N S Y L V A N IA (R e g u la r S e s s io n )

Excise tax on net earnings of mutual thrift institutions ___ HB 128

R H O D E IS L A N D (R e g u la r S e s s io n )

Limitations on investments by savings banks_________________ HB 1645

HB 1643

Filing requirement for secured transactions relating to personal

property _____________________ __________________________ HB1808

Amended fiduciary powers_________________________________ SB 538

Participation of minors in deposits and shares in credit unions .... SB 678 

Reserve and guaranty fund requirements of non-Federally

affiliated banks __________________________________________ SB 704

Investment by savings banks or trust companies in investment

companies and trusts ____________________________________ SB 798

S O U T H C A R O L IN A (R e g u la r S e s s io n )

Unlawfulness of false statements relating to solvency of savings Act 864

and loan associations ____________________________________ HB1696

Shareholder voting in savings and loan associations___________ Act 880

HB 2085

Proxy voting by shareholders of savings and loan associations Act 879

HB 2084

Effect of fictitious payee on negotiable instruments___________ Act 1109

HB 2225

Interpretation of the word “ capital” under laws of R. I. ___ Act 918

HB 2226

Bank examination fees and frequency of examinations_________ Act 950

HB 2228

Unlawfulness of fraudulent checks issued for services performed Act 1311

HB 2260

Procedures for effecting adverse claim on bank deposit when Act 1339

claim not based on fiduciary relationship or court order_______ HB 2587

Composition of State Bank Central Board ___________________ Act 724

SB 356

Bank accounts of foreign insurance companies ______________ SB 519

S O U T H D A K O T A (R e g u la r S e s s io n )

Investments by savings banks in corporations organized to hold

title of bank’s premises ___________________________________ HB 644

Penalties for over-charging for instalment loans _____________ SB 183

V E R M O N T (S p e c ia l S e s s io n )

Limitations on amortization of bank mortgage loans ________ HB 44— X

Disposition of abandoned bank deposits or other securities held

by banks________________________________________________ HB 15— X

V IR G IN IA (R e g u la r S e s s io n )

Payment of subscriptions to capital stock of banks__________ Ch. 58

HB 14

Charges made by banks on certain secured mortgage Ch. 438

transactions not to exceed rate of FHA ____________________ HB 326

Qualifications and requisites of fiduciaries___________________ HB 380

Disposition, control, and audit of common trust funds by savings Ch. 436

banks __________________________________________________ HB 422

Appointment and qualifications of trustees___________________ HB 423

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Disposition and disbursement of abandoned funds by savings

banks __________________________________________________ HB 425

Limitations on loans secured by secondary lien on real property Ch. 150

HB 482

Interest rates payable by banks on savings deposits___________ Ch. 486

HB 483

Taxation of stock of bank holding companies_________________ Ch. 52

SB 39

Savings and loan associations permitted to act as custodian Act 55

under Uniform Gifts to Minors Act ________________________ SB 62

Legal investments of savings and loan associations___________ Act 151

SB 160

Uniform Commercial Code amendments relating to negotiable Ch. 314

instruments _____________________________________________ SB 222

Adoption of Uniform Commercial C ode______________________ Ch. 219

SB 1

STATE BANKING LEGISLATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
DEPOSIT ACCOUNTS AND 

INSURANCE COVERAGE

P A RT T H R E E

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INTRODUCTION

The survey of November 18, 1964, was the ninth request for special reports of deposits in all insured banks. These surveys have 

been made at irregular dates back to October 1, 1934, to aid the 

Corporation in estimating its liability in insuring bank deposits.

The 13,795 banks insured by the Federal Deposit Insurance 

Corporation on November 18, 1964 reported 175 million deposit 

accounts totaling $338 billion. Of these accounts, 97.2 percent had 

balances of $10,000 or less and, therefore, were fully protected by 

Federal deposit insurance. The amount of deposits insured in these 

accounts and in larger accounts in which the first $10,000 was 

covered by insurance totaled $184 billion, or 54.5 percent of all 

deposits in insured banks.1

Since the last previous comparable survey in 1955, the number 

of accounts in insured banks increased by 45 million, and the 

amount of deposits by $135 billion. Despite this growth and a significent increase in the average size of account, the proportion of 

accounts fully insured declined only slightly from the 1955 figure of

98.2 percent. The percentage of total deposits covered by deposit 

insurance was also slightly below the 1955 level (55.1 percent).

ACCOUNTS AND DEPOSITS AT FOUR SPECIAL CALL DATES

Table 16 summarizes key data from four special calls at intervals of approximately a decade, dating back to the 1936 survey. 

Changes in the amounts and proportions of insured accounts between the 1945 and the 1955 calls were influenced primarily by the 

statutory increase in maximum insurance coverage from $5,000 to 

$10,000 per depositor enacted in 1950. Table 17 shows percentage 

changes in the number and average size of accounts and in the 

amount of total and insured deposits in insured banks during each 

of three periods.

While the number of insured banks has not changed significantly 

over the past three decades, dramatic increases have occurred in 

the number of bank accounts and in the amount of deposits. The 

175 million bank accounts in 1964 were almost three times the 

number in 1936. Total deposits experienced a six-fold increase over 

the period and reached $337.5 billion. Deposits per capita rose 

from $354 in 1936 to $1,738 in 1964, a four-fold increase.

1 Deposits reported in the special deposit surveys differ slightly in concept from 

the legal definition of deposits applied by the Corporation when a bank is placed 

in receivership, and from deposits reported in the regular call reports of condition. 

These differences are explained in the Appendix at the end of this section.

77

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

TABLE 16. ACCOUNTS AND DEPOSITS, ALL INSURED BANKS, 

SPECIAL CALL DATES, 1964, 1955, 1945, AND 1936

Item 1

Nov. 18, 

1964

Sept. 21, 

1955

Oct. 10, 

1945

May 13, 

1936

Number of banks............................................ 13,795 13,498 13,481 14,148

Number of accounts (in thousands):

Total............................................................... 174,787 129,713 92,333 58,785

Demand (IPC)............................................ 70,895 52,212 35,622 22,109

Savings and time (IPC)............................ 86,683 67,246 51,509 33,915

Other.......................................................... 17,208 10,256 5,203 2,761

Proportion of accounts fully protected by

deposit insurance:2

All accounts.................................................. 97.2% 98.2% 96.4% 98.4%

Demand (IPC)........................................... 97.8 97.6 95.1 98.1

Savings and time (IPC)3........................... 96.5 98.8 97.9 99.0

Other.......................................................... 97.7 97.4 94.8 93.6

Number of accounts per 100 population:4

Total............................................................... 90 77 68 45

Demand (IPC)........................................... 37 31 26 17

Savings and time (IPC)............................ 45 40 38 26

Other.......................................................... 9 6 4 2

Average size of accounts:

All accounts.................................................. $1,931 $1,563 $1,523 $785

Demand (IPC)............................................ 1,747 1,918 2,016 892

Savings and time (IPC)............................ 1,761 964 743 399

Other.......................................................... 3,547 3,683 5,853 4,670

Amount of deposits (in millions):

Total............................................................... $337,522 $202,787 $140,603 $46,168

Demand (IPC)............................................ 123,855 100,166 71,887 19,738

Savings and time (IPC)5........................... 152,636 64,846 38,263 13,536

Other.......................................................... 61,031 37,775 30,453 12,894

Amount of insured deposits (in millions):2

Total............................................................... $184,114 $111,755 $65,859 $20,456

Demand (IPC)............................................ 60,386 47,186 28,705 7,620

Savings and time (IPC)5........................... 115,413 59,019 34,597 11,229

Other.......................................................... 8,315 5,550 2,557 1,607

Proportion of deposits insured:2

55.1% 44.3%Total deposits............................................... 54.5% 46.8%

Demand (IPC)............................................ 48.8 47.1 39.9 38.6

Savings and time (IPC)............................ 75.6 91.0 90.4 83.0

Other3......................................................... 13.6 14.7 8.4 12.5

Deposits per capita:4

Total............................................................... $1,738 $1,211 $1,036 $354

Demand (IPC)............................................ 638 598 530 151

Savings and time (IPC)............................ 786 387 283 104

Other.......................................................... 314 225 224 99

1

1 IPC refers to individuals, partnerships, and corporations.

2 With insurance coverage of $10,000 per account in 1964 and 1955, and $5,000 per account in 1945 

and 1936.

3 In 1945 and 1936, for insured commercial banks only.

4 Computed from estimated population ,at midyear (States and other areas) in thousands: 1964— 

194,184; 1955-167,518; 1945-135,667; 1936-130,362.

5 For 1936 and 1945 includes all insured deposits in mutual savings banks. In 1955 insured deposits 

in savings and time accounts were 99.3 percent of all insured deposits in mutual savings banks.

Note: Due to rounding differences, components may not add to totals.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
ACCOUNTS AND DEPOSITS AT FOUR SPECIAL CALL DATES 79

There have been less dramatic, but nonetheless significant, 

changes in the average size of accounts over the period. Rising by 

almost 100 percent between 1936 and 1945, the average account 

size in 1945 was $1,523. After remaining near that level through 

1955, it rose to $1,931 at the time of the 1964 survey.

One interesting change has been the shift in the average size of 

demand accounts of business and individuals as compared to time 

and savings accounts. In 1936 the average demand account was 

$892, compared with only $399 for savings and time accounts. The 

average size of each type of account doubled from 1936 to 1945. 

Since the end of World War II, however, the average demand account has declined somewhat in size, while the average savings 

and time account has doubled again and at $1,761 exceeds the 

average demand account.

Various factors may be mentioned as influential in the comparatively rapid growth in recent years in the average size of savings 

and time accounts of individuals and businesses. Larger savings 

have resulted from higher personal incomes, and from the existence 

and expectation of relatively stable price levels. Additionally, as 

opportunities open to banks for lending and investing profitably

TABLE 17. PERCENTAGE CHANGES IN NUMBER OF ACCOUNTS 

AND AMOUNT OF DEPOSITS, ALL INSURED BANKS, SELECTED

PERIODS

Item 1 1955 to 1964 1945 to 1955 1936 to 1945

Number of accounts—total................ + 34.7% + 40.5% + 57.1%

Demand (IPC)................................... + 35.8 + 46.6 + 61.1

Savings and time (IPC).................... + 28.9 + 30.6 + 51.9

Other.................................................. + 67.8 + 97.1 + 88.4

Amount of deposits—total.................. + 66.4 + 44.2 + 204.5

Demand (IPC)................................... + 23.6 + 39.3 + 264.2

Savings and time (IPC).................... + 135.4 + 69.5 + 182.7

Other.................................................. + 61.6 + 24.0 + 136.2

Amount of insured deposits—total... + 64.7 + 69.7 + 222.0

Demand (IPC)................................... + 28.0 + 64.4 + 276.7

Savings and time (IPC).................... + 95.6 + 70.6 + 208.1

Other.................................................. + 49.8 + 117.1 + 59.1

Average size of accounts:

All accounts....................................... + 23.5 + 2.6 + 94.0

Demand (IPC)................................... 8.9 4.9 + 126.0

Savings and time (IPC).................... + 82.7 + 29.7 + 86.2

Other.................................................. — 3.7 — 37.1 + 25.3

1 IPC refers to individuals, partnerships, and corporations.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

have increased, they have bid more aggressively for funds, through 

greater use of certificates of deposit in large denominations and by 

paying higher interest rates on savings and time deposits, the latter 

permitted by a liberalization of interest rate regulations. At the same 

time, growth of demand deposits has been slowed in part by the 

prohibition of interest on them in a period of rising interest rates 

and by the development of various means of economizing on the 

size of demand deposit balances.

With respect to the proportions of accounts fully protected and 

of dbposits insured, Table 16 reveals, for the most part, only slight 

differences among the survey dates. Between 1936 and 1945 there 

was a decline in the proportion of fully insured accounts but an 

increase in the percentage of total deposits insured. Both ratios 

rose following the 1950 increase in coverage from $5,000 to $10,- 

000, and both declined between 1955 and 1964.

Changes in the proportion of fully insured accounts. Between 1955 

and 1964 the proportion of accounts fully protected declined from

98.2 percent to 97.2 percent. Declines occurred in both commercial 

banks and mutual savings banks, but not in all types of accounts. 

There was a slight increase in the proportion of demand accounts 

of business and individuals that were fully protected, as well as in 

such United States Government accounts.

The most notable change was in time and savings accounts of 

business and individuals, where the proportion below $10,000 declined from 98.8 percent in 1955 to 96.5 percent in 1964. Since this 

type of account predominates in mutual savings banks, the decline 

there was sharper, from 98.2 percent to 94.0 percent. There was 

substantial relative growth in accounts of $10,000 to $25,000 in 

both mutual savings and commercial banks, and also sharp increases in accounts over $100,000.

Changes in the proportion of insured to total deposits. Deposits 

protected by insurance have increased relatively faster than total 

deposits in insured banks over the past three decades. From 1936 

to 1964 the proportion of total deposits insured rose from 44.3 

percent to 54.5 percent. The chief factor in this change was the 

1950 statutory increase in insurance coverage; this is indicated 

by the rise in deposits insured from 48.8 percent to 54.3 percent 

between the 1949 and 1951 survey dates. This interpretation is 

further supported by the finding in the 1951 survey that the percentage of deposits insured would have declined between 1949 

and 1951 had insurance coverage remained at the old level. Other 

factors tending to increase the proportion of insured deposits have 

been the latitude for growth in the average account before it

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
ACCOUNTS AND DEPOSITS AT FOUR SPECIAL CALL DATES 81

reaches the insurance maximum and the opening of many new 

accounts below the insured limit, notably the sharp rise in smallsize special checking accounts.

Nevertheless, between 1955 and 1964 the proportion of insured 

to total deposits declined slightly. One possible factor in this development has been the obscuration of the insured limit in the 

attitude of depositors as deposit insurance comes to be taken for 

granted. Also contributing to this result has been the substantial 

growth in the demand balances of business, which cannot be split 

as readily as personal deposits for purposes of extending insurance coverage. The development of the time certificate of deposit 

in recent years as an instrument for conserving or attracting bank 

funds may also have tended to reduce the proportion of insured 

deposits, depending upon the source of the funds, for such certificates are issued in large denominations far in excess of the 

insured maximum.2 From a level of about $3 billion in 1955, representing about 6 per cent of savings and time deposits,3 certificates 

of deposit outstanding (both negotiable and non-negotiable) have 

risen to upwards of $30 billion, and currently account for over 

one-fourth of all savings and time deposits in commercial banks.

In commercial banks’ business and personal savings and time 

accounts of more than $100,000, which include substantial amounts 

of certificates of deposit, deposits reached $20 billion, a nine-fold 

increase over 1955. Smaller size accounts also increased, but 

much less rapidly: deposits in accounts between $25,000 and 

$100,000 increased less than four times while deposits in accounts 

from $10,000 to $25,000 slightly more than doubled. Meanwhile, 

for deposits in accounts of $10,000 or less, the increase was only 

four-fifths during the period.

The decline between 1955 and 1964 in the proportion of deposits 

insured was reflected sharply in the experience of mutual savings 

banks, which showed an upsurge of deposits in accounts above 

$10,000. In 1955, 84.1 percent of all deposits in mutual savings 

banks were in accounts of $10,000 or less; by 1964 this ratio had 

dropped to 60.2 percent. Conversely, the proportion of total deposits in accounts of $10,000 to $25,000 rose from 15.0 percent to

35.2 percent, and larger-size accounts also had greater proportions 

of total deposits than in 1955.

“ A 1963 Federal Reserve Survey showed that 90 percent of the negotiable certificates of deposit were issued in denominations of $100,000 and larger. The rapid 

increase in the use of negotiable certificates of deposit began in 1961. Federal

Reserve Bulletin, April, 1963, p. 460.

5 Estimated. On June 6, 1957 insured commercial banks had outstanding $3.2 

billion of certificates of deposit and time and savings deposits of $50.8 billion.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

DISTRIBUTIONS OF ACCOUNTS

AND DEPOSITS IN 1964

Like previous deposit surveys, the latest one found that there 

is greater variation in the proportions of deposits insured than in 

the percentages of accounts that are fully protected, when accounts 

are classified in various ways.

Accounts and deposits in insured commercial banks. On November 18, 1964, the 13,468 insured commercial banks reported 155 

million accounts with deposits totaling $295 billion. Of these accounts, 97.6 percent were fully protected by deposit insurance;

37.0 percent of the deposits were within the insurance maximum of 

$10,000 for each depositor. Both percentages were slightly below 

the comparable proportions in 1955. Table 18 shows some of the 

significant changes in accounts and deposits in insured commercial banks between the 1955 and 1964 survey dates.

TABLE 18. ACCOUNTS AND DEPOSITS IN INSURED 

COMMERCIAL BANKS, GROUPED BY SIZE OF ACCOUNT, 

SEPTEMBER 21,1955 AND NOVEMBER 18,1964

Account or deposit item Total

Accounts of—

$10,000 

or less

$10,000 to 

$25,000

$25,000 to 

$100,000

More than 

$100,000

Accounts:

Number (in thousands) 

1964......................... 154,975 151,226 2,657 830 263

1955......................... 114,568 112,551 1,334 514 169

Percent of total............

1964......................... 100.00% 97.58% 1.71% .54% .17%

1955......................... 100.00 98.24 1.16 .45 .15

Deposits:

Amount(in millions)... 

1964......................... $295,378 $109,272 $37,617 $38,684 $109,804

1955......................... 181,849 71,295 19,551 23,912 67,091

Percent of total...........

1964......................... 100.00% 36.99% 12.74% 13.10% 37.17%

1955......................... 100.00 39.21 10.75 13.15 36.89

Average size of

account:

1964......................... $1,906 $723 $14,158 $46,607 $417,506

1955......................... 1,587 633 14,656 46,521 396,988

Percentage change,

1955-1964:

Number of accounts... 35.27% 34.36% 99.18% 61.48% 55.62%

Amount of deposits.... 62.43 53.27 92.40 61.78 63.66

Average size of

accounts............... 20.10 14.22 -3.40 .18 5.17

Note: Due to rounding differences, components may not add to totals.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF ACCOUNTS AND DEPOSITS IN 1964 83

Grouping of insured commercial banks by class of bank shows 

little variation in the proportions of accounts fully protected, but 

fairly wide differences in the proportions of deposits insured. The 

latter largely reflect variations in the composition of deposits and 

size of banks. For example, State banks that are not members of 

the Federal Reserve System, and as a group comprise the smallest 

banks, had 69.4 percent of their deposits insured, appreciably 

higher than national banks or other State commercial banks. The 

proportions of accounts fully protected and deposits insured for 

the different classes of insured commercial banks and for insured 

mutual savings banks, in 1955 and 1964, are shown in Table 19.

TABLE 19. PROPORTIONS OF FULLY PROTECTED TO TOTAL 

ACCOUNTS AND INSURED TO TOTAL DEPOSITS, BY CLASS OF 

BANK, SEPTEMBER 21, 1955, AND NOVEMBER 18,1964

Class of bank

Number

of

banks

Proportion of 

accounts fully 

protected

Proportion of 

deposits insured

1964 1955 1964 1955 1964 1955

All insured banks.......... 13,795 13,498 97.2% 98.2% 54.5% 55.1%

Mutual savings banks. 327 220 94.0 98.2 88.6 96.9

Commercial banks:

National................... 4,755 4,725 97.5 98.2 48.6 49.2

State, members 

F.R. System............. 1,459 1,856 97.1 97.8 40.0 41.2

State, not members 

F.R. System............. 7,254 6,697 98.2 98.7 69.4 73.6

Accounts and deposits in insured mutual savings banks. The 327

mutual savings banks insured by the Corporation on the survey 

date had nearly 20 million accounts and deposits totaling $42 

billion. Accounts fully protected by deposit insurance comprised

94.0 percent of the total, and contained 60.2 percent of total deposits. Both percentages were appreciably below 1955 levels, reflecting rapid growth since that time in savings and time accounts 

above $10,000; nearly all deposits of mutual savings banks are in 

savings and time accounts. Detailed data on accounts and deposits 

of insured mutual savings banks on the survey date are shown in 

Tables 36 and 37.

Insurance coverage by type of account. Only when data are 

arranged by type of account is there wide variation in the proDigitized for FRASER 

http://fraser.stlouisfed.org/ 

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

portion of accounts fully protected by deposit insurance. This is 

illustrated by Chart D. Slightly over one-fourth of the interbank 

accounts and a little less than two-thirds of State and political subdivision accounts were fully insured. A much higher proportion of 

United States Government accounts were fully protected, while a 

still higher proportion of business and personal accounts were 

fully insured.

The range was even wider for the proportion of deposits insured 

among the various types of accounts. Over three-fourths of savings 

and time deposits of individuals and business were insured, but 

no other type of account had more than one-half of the deposits 

therein insured. For United States Government deposits, the ratio 

was a very low 3.7 percent, despite the fact that 84.1 percent of all 

U. S. Government accounts were fully insured. Government deposits are usually protected by surety bonds or by pledges of 

securities in addition to deposit insurance.

CHART D

THREE-FOURTHS OF THE DEPOSITS IN SAVINGS AND TIME ACCOUNTS

OF BUSINESSES AND INDIVIDUALS WERE INSURED IN 1964

ACCOUNTS FULLY PROTECTED

100 75 50 25 0 PERCENT 0

SAVINGS AND TIME*

DEMAND* 

INTERBANK 

U.S. GOVERNMENT

STATE AND POLITICAL 

SUBDIVISIONS

UNINVESTED TRUST 

FUNDS

DRAFTS 

OTHER ITEMS

DEPOSITS INSURED

25 50 75

0 0 25 50 75 100

*IPC; individuals, partnerships, and corporations. Data as of N ovem ber 18, 1964

Insurance coverage by size of bank. The consistently high proportion of accounts fully protected by insurance in all sizes of 

banks was coupled with a declining proportion of deposits insured 

with increasing size of bank. This reflects the fact that the larger 

banks, usually located in the larger commercial centers, attract

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
DISTRIBUTIONS OF ACCOUNTS AND DEPOSITS IN 1964 85

accounts with very large balances. This characteristic is illustrated 

in Chart E, which shows that in banks of all sizes upwards of 95 

percent of the accounts were fully protected, but that the proportion of deposits insured varied widely by size of bank. The range 

was from 87.8 percent in the smallest banks to 31.9 percent in the 

14 largest banks.

CHART E

IN ALL INSURED BANKS THE PROPORTION OF INSURED

TO TOTAL DEPOSITS DECLINED WITH INCREASING SIZE OF BANK

$1 million million million million $500 $2,500 or more

million million 

SIZE OF BANK (Amount of Deposits)

Insurance coverage by size of population center. The grouping of 

banks by population center exhibits a pattern similar to that shown 

by size of bank. Again, while most accounts were fully protected, 

the coverage of deposits ranged downward from 83.9 percent in 

the smallest communities to 43.1 percent in the largest metropolitan centers. These disparities reflect substantial interbank and 

corporate deposits and large savings and time deposits in the 

larger population centers.

Accounts and deposits in banks grouped geographically. The 1964 

survey exhibited little variation among the States in the percent 

of accounts with balances of $10,000 or less. New York had the 

smallest proportion of such accounts, 95.0 percent, influenced in 

large part by the New York City ratio of 93.8 percent. South Carolina with 98.5 percent had the highest State ratio. In other States,

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
8 6 FEDERAL DEPOSIT INSURANCE CORPORATION

accounts with balances of $10,000 or less ranged between 96.6 

and 98.3 percent of total accounts.

There were much wider variations among the States in the 

proportions of insured to total deposits. The ratios ranged from 

a low of 42.4 percent in the District of Columbia to a high of 80.4 

percent in Vermont. Five other States showed less than 50.0 

percent of deposits protected by insurance, while only three 

additional States had coverage of 75 percent or more. The Stateby-State figures are shown in Chart F.

CHART F

THIRTY-FIVE STATES EXCEEDED THE NATIONAL AVERAGE IN 

THEIR PERCENTAGES OF INSURED TO TOTAL DEPOSITS

p l f f l Below 54.5%

Data as of Novem ber 18, 1964

Deposit survey data for the largest 53 Standard Metropolitan 

Statistical Areas and 25 cities are shown in Table 23. No SMSA 

nor city had less than 93.8 percent of its bank accounts fully protected. The ratios of insured to total deposits averaged 49.0 in 

the 53 SMSA’s and 41.8 percent in the 25 cities. Among the cities, 

Dallas’ ratio of 29.0 percent was the lowest, and Buffalo’s 66.1 

percent was the highest.

DEPOSITOR PROTECTION UNDER DIFFERENT

COVERAGE LIMITATIONS

Under present law, accounts of $10,000 or less, plus the insured 

component of larger accounts, comprise the Corporation’s liability

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
DEPOSITOR PROTECTION UNDER DIFFERENT COVERAGES 87

in insuring bank deposits. What the liability might be if coverage 

were extended is also a matter of considerable interest. Accordingly, the surveys have obtained data on accounts and deposits 

above the insured limit as a tentative basis for projecting possible 

liability, a procedure which necessarily assumes that the distribution of accounts and deposits would remain the same under a 

higher insurance limit.

Insurance protection under alternative coverages. In both the 

1955 and the 1964 surveys each insured bank was asked to report 

the number of its deposit accounts and the amount of deposits in 

those accounts by the following sizes: $10,000 or less; $10,000 to 

$25,000; $25,000 to $100,000; and more than $100,000. Such data 

are useful for evaluating proposals to extend coverage to higher 

deposit maximums, and for other analytical purposes. Table 20 

shows for all insured banks, as of November 18, 1964, the number 

of accounts fully protected and deposits insured, assuming alternative amounts of maximum coverage per account. As noted in the 

Appendix, these data relate to accounts, and deposits therein, 

whereas the insurance limitation applies to each depositor.

The survey shows that raising the insurance limit from $10,000 

to $25,000 per depositor would add an additional 3.8 million accounts to those fully protected, and would increase by $31 billion 

the amount of deposits insured by the Corporation. Further extension of coverage from $25,000 to $100,000 would add about

900,000 accounts to the number fully protected, and would increase 

the amount of insured deposits by $38 billion. Telescoping the two 

step-ups, an increase in coverage from $10,000 to $100,000 per 

account would increase by 2.8 percent the number of accounts 

fully protected and by 37.7 percent the amount of insured deposits.

An extension of the insurance program from the present $10,000 

limitation to full coverage of all deposits would add less than 5 

million accounts to the number fully protected, but it would increase insured deposits by $153 billion. The increase in the number of accounts fully protected would be 3 percent as compared to 

a rise in the amount of insured deposits of 83 percent.

The percentage of accounts fully protected, if the insurance 

limit were $25,000, would increase to 99.4 percent, and deposit 

coverage would rise to 63.9 percent. If the insurance limit were 

$100,000, again assuming no change in the distribution of deposits 

because of the higher coverage, the percentage of fully protected 

accounts would be 99.9 percent, and deposit coverage, 75.1 percent. The first upward step in coverage, from $10,000 to $25,000, 

would thus add slightly more to the proportion of accounts fully

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

protected, but somewhat less to the proportion of deposits insured 

than would the second step to $100,000.

Detailed data concerning the number of accounts fully protected 

and deposits insured, assuming these alternative amounts of 

maximum coverage per account, are shown in Tables 38-40.

TABLE 20. ACCOUNTS FULLY PROTECTED AND DEPOSITS 

INSURED WITH SPECIFIED AMOUNTS OF MAXIMUM COVERAGE, 

ALL INSURED BANKS, NOVEMBER 18,1964

Item

Accounts fully protected with maximum coverage of

$10,000 $25,000 $100,000 Unlimited

coverage

Number

Total, all insured banks........ 169,841,878 173,652,480 174,522,933 174,787,244

Incremental number . . . 3,810,602 870,453 264,311

Incremental percentages 2.24% 0.50% 0.15%

Cumulative number

from $10,000 . . . . 3,810,602 4,681,055 4,945,366

Cumulative percentages

from $10,000 2.24% 2.76% 2.91%

Percentage fully

protected....................... 97.17% 99.35% 99.85% 100.00%

Amount (in thousands)

Total, all insured banks........ $184,113,567 $215,501,183 $253,590,183 $337,521,905

Incremental amounts......... $ 31,387,616 $ 38,089,000 $ 83,931,722

Incremental percentages 17.05% 17.67% 33.10%

Cumulative amounts

from $10,000............... $ 31,387,616 $ 69,476,616 $153,408,338

Cumulative percentages

from $10,000 17.05% 37.74% 83.32%

Percentage insured............ 54.55% 63.85% 75.13% 100.00%

Concentration of risk to the Corporation. The fact that a relatively 

small number of banks holds a large share of deposits is one dimension of the risk to the Corporation. Less than 1 percent of the 

insured banks (96) held 32 percent of all insured deposits on the 

survey date. The 14 largest banks had $22.4 billion of insured 

deposits or about eight times the amount of the Corporation’s 

deposit insurance fund. Other measures of concentration, such as 

by geographic area or population of banking center, are weighted 

by these individually large banks.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
DEPOSITOR PROTECTION UNDER DIFFERENT COVERAGES 89

The distribution of total deposits in insured banks also has an 

important bearing on the potential liability of the Corporation. 

Banks with a large proportion of their deposits uninsured generally 

hold large amounts of interbank deposits; these uninsured deposits are more highly concentrated than insured deposits in the large 

banks and in banks in large cities. Failure of such a bank could 

cause difficulties in correspondent banks with relatively larger 

amounts of insured deposits. Thus consideration of insured deposits alone does not portray accurately the total impact of these 

large banks upon the Corporation’s possible liability.

DETAILED STATISTICS

For those interested in more detailed information than that 

offered in the preceding pages, additional data are presented in 

Tables 21-41. The data are presented in various configurations: by 

type and size of account, type of bank, by Federal Deposit Insurance Corporation District, by State, by population of center in 

which located, and by percent of deposits insured.

Comparisons may be made with the 1955 survey as follows: 

Tables 21 and 24-41 correspond with Tables 35 and 37-54, respectively, of the Corporation’s 1955 Annual Report. Tables 23-24 

expand Table 36 of the 1955 Annual Report by including data for 

additional cities and for each of the 53 Standard Metropolitan 

Statistical Areas with a population of 500,000 or more in 1960.

Where percentages occur in the detailed tables, they have been 

rounded to the nearest one-tenth of 1 percent. Due to rounding 

differences, neither percentages nor deposit data necessarily add 

to totals.

APPENDIX

In these special surveys banks have been asked to report the 

number of their deposit accounts of various types, and balances 

in these accounts grouped in size categories. While data showing 

deposits in the combined accounts of each depositor holding more 

than one account would have been desirable, only in the first survey were banks asked to undertake the additional task of reporting this information.

The deposit insurance law provides for insurance protection to 

a maximum of $10,000 in an insured bank for each depositor. For 

this purpose, all deposits held in the same right and capacity in 

a given bank, including deposits in branches, are combined, and 

from this total a deduction is made for any matured debt owed the 

bank by the depositor.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

The amount of insured deposits computed from the deposit 

surveys thus does not agree exactly with the amount obtaining 

when a bank is placed in receivership. Differences result from the 

fact that when an insured bank is placed in receivership, some 

accounts on the bank's books, such as those of estates of decedents or of beneficial trusts, must be divided to ascertain 

amounts due each depositor on funds maintained by him in different rights and capacities. In addition, banks placed in receivership 

frequently are found to have various accounts not shown on the 

bank’s books.

The number of accounts reported in the deposit surveys exceeds 

the number of depositors, probably by a sizeable amount; however, it is estimated that the Corporation’s insurance liability under 

the definitions and procedures applicable to banks placed in receivership is only slightly smaller than its liability calculated from 

the survey data. It was shown, for example, in the 1951 survey that 

95 percent of the demand accounts of individuals, partnerships and 

corporations and 96 percent of their savings and time accounts, 

had balances of less than $5,000. The average balance in all accounts of less than $10,000 was $690 in 1951 and $793 in 1964. 

These data suggest that the vast majority of depositors holding 

more than one account have had less than $10,000 in the combined 

accounts.

★ * * *

Figures of deposits in the special survey differ from deposits 

as given in the “ reports of condition” obtained by the Federal 

supervisory agencies on at least four dates each year. Outstanding 

bank drafts and advices or authorizations to charge a bank’s 

balance in another bank, and reciprocal demand deposits with 

other banks, are included in the survey as deposit liabilities insured by the Corporation, but are excluded from deposits in the 

reports of condition. The latter are also used with modification as 

the base for the computation of deposit insurance assessments.

INSTRUCTIONS FOR PREPARATION OF SUMMARY OF 

DEPOSITS, FORM 89— CALL NO. 8, AS OF THE CLOSE OF 

BUSINESS NOVEMBER 18, 1964

GENERAL INSTRUCTIONS

Each bank operating a branch or branches is requested to submit a consolidated 

report for the bank as a whole including deposits of all domestic branches and of 

those branches in Puerto Rico, Guam, or the Virgin Islands, the deposits of which 

are accorded insurance coverage. Do not include interbranch deposits (amounts 

due to branches and head office) in making the consolidated report.

An entry should be made in every space on the form. Where there are no figures 

to report, the word “ None” must be written or stamped.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INSTRUCTIONS FOR PREPARATION OF SUMMARY OF DEPOSITS 91

NUMBER OF ACCOUNTS AND AMOUNT OF DEPOSITS

All deposit liabilities of the bank should be included at items 1 through 

8 of this statement even though some of these deposits may be excluded from 

deposits for Report of Condition purposes. For the purpose of this report include 

commercial, checking, savings, time, thrift accounts, certificates of deposit, officers’ or cashiers’ checks, travelers’ checks, certified checks, outstanding drafts, 

letters of credit, and trust funds held in the trust department or on deposit in any 

other department of the bank.

The deposit classifications correspond with the usual ledger and condition report items, with the exception of:

Item 6, “Trust funds,” which is found only in banks having trust powers and 

which is computed from the record of the trust department. The item “ Trust 

funds” means all trust funds (principal and/or income cash) retained in cash 

in the trust department, or deposited in the commercial or savings department of the bank, or held in any other department of the bank, and trust department checks outstanding. Do not deduct overdrafts, if any, unless such 

overdrafts may legally be offset by a cash balance in a related trust department account. Each trust department account reflecting trust funds (principal 

and/or income cash, including cash deposited in savings and checking accounts), as shown in the records of the trust department should be reported 

as a separate account;

Item 7, “Outstanding bank drafts,” which is to be determined by the bank as 

of November 18, 1964. Include outstanding drafts drawn for any purpose on 

a correspondent or a Federal Reserve bank.

Item 8, “All other deposits,” which will include letters of credit and travelers’ 

checks issued for money or its equivalent; bank money orders; certified 

checks outstanding; cashiers’ and other officers’ checks outstanding regardless of the purpose for which drawn; and amounts due to Federal Reserve 

bank (transit account) represented by authorizations (other than outstanding 

drafts) to charge the reporting bank’s clearing balance or reserve account.

Report in the column “ Amount of deposits” the bank’s deposit liabilities, by type of deposit and size of account. Show in the column “ Number of 

accounts” the number of accounts corresponding to these deposits. The entire 

amount of an account should be included under the appropriate subitem. For 

example, the entire $17,493.65 of an account of $17,493.65 should be placed in 

subitem (g) headed “ $10,000.01 to $25,000.00.” Do not enter $10,000.00 in subitem 

(f) headed “ 10,000.00 or less” and $7,493.65 in subitem (g) headed “ $10,000.01 to 

$25,000.00.” Only those accounts the entire balance of which does not exceed 

$10,000.00 should be included in subitem (f) headed “ $10,000.00 or less.”

For the purposes of this report, kindly note that:

Accounts should not be combined. Each acount standing to the credit of a 

depositor, whether or not in the same capacity and the same right, should 

be considered a separate account. The number of accounts reported should 

agree with the number of accounts on the books of the bank. If school 

savings are carried as one account, one account should be reported; if 

school savings accounts are entered individually the total number of such 

accounts should be reported.

Each dormant and inactive account should be reported as a separate 

account.

Report as a separate account each outstanding certificate of deposit, letter 

of credit sold for money or its equivalent, outstanding draft, certified and 

officer’s check. However, all travelers’ checks outstanding in the same name 

should be combined and reported as one account.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

SUMMARY OF DEPOSITS

As of the close of business November 18, 1964

Name and Address of Bank

Please read carefully the accompanying "Instructions for the Preparation of Summary of Deposits.” For 

each item include all deposit liabilities even though some may be excluded from deposits for Report of 

Condition purposes.

TYPE OF DEPOSIT SIZE OF ACCOUNT NUMBER OF ACCOUNTS AMOUNT OF DEPOSITS

1. Demand deposits of individuals, partnerships, and 

corporations (exclude trust funds of own trust 

department)

$10,000.00 or less_________

DOLLARS CTS.

a f ____________

110,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00 

$100,000.01 or m ore _____

b.__________________________

h._ ___

d

Total______________________ e j

2. Savings and time deposits of individuals, partnerships, and corporations (exclude trust funds of 

own trust department)

$10,000.00 or less_________ a___________ _______________ _ f ____________

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00. 

$100,000.01 or more______ d

h____________

i

e i

3. Deposits of U. S. Government (include postal 

savings)

110,000 00 or less_________ a__________________ _______ f ____________

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00. 

$100,000.01 or more______

b__________ ________________

h____________

d i

e j

4. Deposits of States and political subdivisions

$10,000.00 or less_________ a___________________________ f ....................

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00 

$100,000.01 or more______

b _________ _____ ____

c___________________________ h____________

d

Total______________________ e )

5. Deposits of domestic and foreign banks (include 

amounts "due to other banks" without deduction 

of any amounts "due from other banks"— exclude 

amounts due to own branches or head office)

$10,000.00 or less_________ a___________________________ f ____________

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00. 

$100,000.01 or more______

b___________________________

c ___________ _____________ h____________

d

Total______________________ e j

6. Trust funds as recorded in own trust department 

(i.e., all trust funds received or held in cash in the 

trust department, and held or deposited in own 

banking dept.)

$10,000.00 or less_______ _ f ____________

$10,000.01 to 125,000.00.. 

125,000.01 to 1100,000.00, 

$100,000.01 or more______

b.__________________________ j

h____________

d i

Total______________________ e j

7 . Outstanding bank drafts

$10,000.00 or less_________ a___________________________ f ___________

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00. 

$100,000.01 or more______

b____________________________

c___________________________ h ___________

d

Total__________________. . . . e j

8. All other deposits

$10 000 00 or less________ a ___________________________ f ___________

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00 

$100,000.01 or more______

b___________________________

h ___________

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

c ___________________________

d

Total______________________ e j

9. Total deposits (total of items 1 through 8)

$10,000.00 or less________ a ___________________________ f ____________

110.000.01 to $25,000.00..

125.000.01 to $100,000.00

1100.000.01 or more______

b___________________________ g____________

c __________________________ h.............. .....

d

T otal______________________ e j

T he above statem ent is correct to the best o f m y know led g e and belief__________________________________________________

(N a m e and title of officer)

(Signature o f above officer)

RETURN O R IG IN A L (W H ITE ) TO FDIC, W A S H IN G TO N , D. C. 20429 

R E TA IN DUPLICATES (BUFF) FOR Y O U R FILES

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 21. ACCOUNTS FULLY AND PARTIALLY PROTECTED AND DEPOSITS INSURED, ALL INSURED BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D is tric t and S tate

Total United States 

50 States and D. C. 

Other areas.................

FDIC D istrict

D istrict 1 ...................

District 2 ...................

District 3 ...................

District 4 ...................

District 5 ...................

District 6 ...................

D istrict 7 .................

District 8 .................

District 9 .................

D istrict 1 0 ...............

District 1 1 ...............

District 1 2 ................

State

Alabam a..................

Arizona....................

Arkansas.................

C alifornia................

Colorado.................

C onnecticut............

Delaware.................

District of Columbia

Florida.....................

Georgia....................

N u m b e r

of

ban ks

13,795

13,787

530

735

1,145

883

1,241

1,505

1,365

1,680

1,172

1,702

1,399

438

252

15

242

186

203

131

22

15

415

380

N u m b e r o f accounts

T otal

174,787,244

174,201,759

585,485

11,677,780

34,714,221

20,126,334

12,126,578

9,173,635

9,764,686

15,212,873

11,764,118

5,529,951

6,704,760

11,101,652

26,890,656

1,900,834

1,127,156

1,194,461

20,148,414

1,430,359

4,096,604

528,213

779,328

3,588,226

2,466,666

Fully 

p ro te cte d 1

169,841,878

169,263,799

578,079

11,337,931 

33,163,067 

19,637,358 

11,893,541 

8,962,249 

9,542,344 

14,886,118 

11,402,112 

5,416,165 

6;535,675 

10,802,908 

26,262,410

1,859,044

1,097,760

1,166,493

19,687,311

1,389,351

3,962,562

512,417

754,894

3,493,048

2,418,901

Partially 

p ro te c te d 2

4,945,366

4,937,960

7,406

339,849

1,551,154

488,976

233,037

211,386

222,342

326,755

362,006

113,786

169,085

298,744

628,246

41,790

29,396

27,968

461,103

41,008

134,042

15,796

24,434

95,178

47,765

P ercent of 

a ccou nts

Fully

protected

97.2%

97.2

98.7

97.1

95.5

97.6

98.1

97.7

97.7

97.9

96.9

97.9 

97.5 

97.3

97.7

97.8 

97.4

97.7

97.7 

97.1

96.7

97.0

96.9 

97.3

98.1

P artially

pro te cte d

2.8%

2.8

1.3

2.9 

4.5

2.4

1.9

2.3

2.3 

2.1

3.1

2.1

2.5 

2.7

2.3

2.2

2.6

2.3

2.3

2.9

3.3

3.0

3.1 

2.7

1.9

D eposits (in th o u sa n d s)

Total

$337,521,905

336,846,875

675,030

19,766,440

95,019,927

34,887,188

17,308,960

15,233,772

17,272,831

24,288,656

27,261,715

8,999,142

11,956,736

22,085,136

43,441,402

2,870,411

1,886,435

1,926,402

32,746,216

2,715,187

6,529,623

987,948

2,021,564

6,535,876

3,960,796

Insured

Total

insured

$184,113,567

183,738,751

374,816

12,302,573

49,668,015

19,722,028

9,894,668

8,455,520

9,488,672

14,910,595

13,858,775

5.808.407

6.812.407 

10,474,368 

22,717,539

1,688,099

1,043,021

1,196,611

16,400,085

1,440,534

4,693,088

546,311

856,508

3,612,183

2,034,704

In fu lly 

protected 

accou nts

$134,659,907

134,359,151

300,756

8,904,083

34,156,475

14,832,268

7,564,298

6,341,660

7,265,252

11,643,045

10,238,715

4,670,547

5,121,557

7,486,928

16,435,079

1,270,199

749,061

916,931

11,789,055

1,030,454

3,352,668

388,351

612,168

2,660,403

1,557,054

In p artially 

protected 

accou nts

$49,453,660

49,379,600

74,060

3,398,490

15,511,540

4,889,760

2,330,370

2.113.860 

2,223,420 

3,267,550 

3,620,060

1.137.860 

1,690,850 

2,987,440 

6,282,460

417,900

293.960 

279,680

4,611,030

410,080

1,340,420

157.960 

244,340 

951,780 

477,650

U n insured 

in p a rtia lly 

protected 

accou nts

$153,408,338

153,108,124

300,214

7,463,867

45,351,912

15,165,160

7,414,292

6,778,252

7,784,159

9,378,061

13,402,940

3,190,735

5,144,329

11,610,768

20,723,863

1,182,312

843,414

729,791

16,346,131

1,274,653

1,836,535

441,637

1,165,056

2,923,693

1,926,092

P ercent 

o f total 

d eposits 

insured

54.5%

54.5

55.5

62.2

52.3

56.5

57.2

55.5 

54.9

61.4 

50.8

64.5 

57.0 

47.4

52.3

58.8

55.3 

62.1

50.1

53.1

71.9

55.3

42.4

55.3

51.4

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ............................ 24 514,884 501,575 13,309 97.4

Illin o is .......................... 1,021 9,049,158 8,739,062 310,096 96.6

In d ia n a ........................ 429 4,079,649 4,001,678 77,971 98.1

Io w a .............................. 659 2,714,960 2,663,050 51,910 98.1

K a n s a s ......................... 593 1,860,222 1,814,596 45,626 97.5

K e n tu c k y .................... 341 1,967,768 1,930,415 37,353 98.1

L o u isia n a .................... 208 2,362,604 2,310,695 51,909 97.8

M a in e ........................... 66 1,127,978 1,104,423 23,555 97.9

M a ry la n d ..................... 126 2,963,006 2,905,752 57,254 98.1

M a ssa ch u se tts 162 3,882,243 3,773,463 108,780 97.2

M ic h ig a n ..................... 358 7,165,527 6,989,965 175,562 97.5

M in n e s o ta .................. 714 3,676,111 3,605,867 70,244 98.1

M is s is s ip p i................. 194 1,217,909 1,191,256 26,653 97.8

M is s o u ri...................... 632 3,900,543 3,805,931 94,612 97.6

M o n ta n a ...................... 127 611,653 595,109 16,544 97.3

N e b ra s k a .................... 425 1,257,150 1,228,083 29,067 97.7

N e va d a ........................ 8 376,781 366,909 9,872 97.4

N ew H a m p s h ire . . . . 102 917,579 890,170 27,409 97.0

New J e rs e y ................ 254 7,039,993 6,848,694 191,299 97.3

N ew M e x ic o ............... 63 586,513 572,361 14,152 97.6

New Y o rk .................... 451 26,560,530 25,223,877 1,336,653 95.0

N o rth C a ro lin a ......... 151 2,735,940 2,686,341 49,599 98.2

N o rth D a k o ta ............ 159 585,702 572,506 13,196 97.7

O h io .............................. 549 8,606,667 8,420,958 185,709 97.8

O k la h o m a ................... 413 1,863,382 1,819,198 44,184 97.6

O re g o n ......................... 50 1,644,653 1,601,477 43,176 97.4

P e n n sylva n ia ............ 596 11,519,667 11,216,400 303,267 97.4

R hode Is la n d ............ 15 1,082,005 1,048,734 33,271 96.9

S outh C a ro lin a ......... 130 1,114,921 1,097,730 17,191 98.5

S outh D a k o ta ............ 172 656,485 642,683 13,802 97.9

T e n n e s s e e ................. 290 2,701,914 2,639,505 62,409 97.7

T e x a s ............................ 1,113 7,025,379 6,822,092 203,287 97.1

U ta h .............................. 53 782,299 764,040 18,259 97.7

V e rm o n t...................... 54 571,371 558,579 12,792 97.8

V irg in ia ......................... 278 3,212,278 3,150,057 62,221 98.1

W a s h in g to n ................ 99 2,680,997 2,613,041 67,956 97.5

W est V irg in ia ............. 183 1,321,105 1,298,767 22,338 98.3

W is c o n s in ................... 578 3,967,697 3,894,475 73,222 98.2

W y o m in g ..................... 68 293,647 284,447 9,200 96.9

A la s k a .......................... 11 167,687 162,791 4,896 97.1

H a w a ii.......................... 7 574,941 565,266 9,675 98.3

1 Accounts with balances of $10,000 or less.

2 Accounts with balances of more than $10,000.

2.6 805,773 546,812 413,722 133,090 258,961 67.9

3.4 23,138,106 11,043,233 7,942,273 3,100,960 12,094,873 47.7

1.9 6,180,813 3,726,534 2,946,824 779,710 2,454,279 60.3

1.9 4,123,609 2,815,542 2,296,442 519,100 1,308,067 68.3

2.5 3,084,838 1,964,488 1,508,228 456,260 1,120,350 63.7

1.9 2,862,346 1,724,633 1,351,103 373,530 1,137,713 60.3

2.2 3,725,602 1,849,528 1,330,438 519,090 1,876,074 49.6

2.1 1,301,849 1,007,162 771,612 235,550 294,687 77.4

1.9 3,880,044 2,378,705 1,806,165 572,540 1,501,339 61.3

2.8 8,054,449 3,782,195 2,694,395 1,087,800 4,272,254 47.0

2.5 12,269,873 7,326,266 5,570,646 1,755,620 4,943,607 59.7

1.9 6,006,481 3,651,517 2,949,077 702,440 2,354,964 60.8

2.2 1,866,689 1,120,534 854,004 266,530 746,155 60.0

2.4 7,784,066 4,147,483 3,201,363 946,120 3,636,583 53.3

2.7 1,038,908 705,495 540,055 165,440 333,413 67.9

2.3 2,254,587 1,367,169 1,076,499 290,670 887,418 60.6

2.6 651,433 332,016 233,296 98,720 319,417 51.0

3.0 1,327,723 1,022,925 748,835 274,090 304,798 77.0

2.7 11,128,540 7,554,097 5,641,107 1,912,990 3,574,443 67.9

2.4 912,205 533,609 392,089 141,520 378,596 58.5

5.0 82,228,409 41,192,791 27,826,261 13,366,530 41,035,618 50.1

1.8 3,984,736 2,042,025 1,546,035 495,990 1,942,711 51.2

2.3 924,177 703,815 571,855 131,960 220,362 76.2

2.2 13,730,368 7,721,129 5,864,039 1,857,090 6,009,239 56.2

2.4 3,354,809 1,719,182 1,277,342 441,840 1,635,627 51.2

2.6 2,724,598 1,609,902 1,178,142 431,760 1,114,696 59.1

2.6 21,156,820 12,000,899 8,968,229 3,032,670 9,155,921 56.7

3.1 1,859,649 1,239,670 906,960 332,710 619,979 66.7

1.5 1,329,595 754,184 582,274 171,910 575,411 56.7

2.1 1,029,575 747,580 609,560 138,020 281,995 72.6

2.3 4,700,018 2,419,945 1,795,855 624,090 2,280,073 51.5

2.9 15,560,894 7,048,210 5,015,340 2,032,870 8,512,684 45.3

2.3 1,235,445 703,993 521,403 182,590 531,452 57.0

2.2 693,146 557,534 429,614 127,920 135,612 80.4

1.9 4,470,289 2,797,909 2,175,699 622,210 1,672,380 62.6

2.5 4,050,157 2,529,376 1,849,816 679,560 1,520,781 62.5

1.7 1,622,732 1,065,335 841,955 223,380 557,397 65.7

1.8 5,837,970 3,857,795 3,125,575 732,220 1,980,175 66.1

3.1 547,315 321,033 229,033 92,000 226,282 58.7

2.9 341,538 174,077 125,117 48,960 167,461 51.0

1.7 886,243 421,276 324,526 96,750 464,967 47.5

ACCOUNTS AND DEPOSITS OF ALL INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 22. ACCOUNTS FULLY AND PARTIALLY PROTECTED AND DEPOSITS INSURED, ALL INSURED BANKS, NOVEMBER 18, 1964

B A N K S GROUPED BY A M O U N T OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED, CLASS, AND PERCENT 

OF DEPOSITS INSURED; AND AC CO UN TS GROUPED BY TYPE

N u m b e r

of

N u m b e r o f accounts P e rcen t o f 

accou nts

D eposits (in th o u sa n d s)

P ercent

C lassifica tion Fully

p ro ­

tected

P artially

p ro ­

te cte d

In sured U n insured

o f total 

dep osits

ban ks

Total Fully 

p ro te c te d 1

Partially 

p ro te c te d 2

Total Total

insured

In fu lly 

pro te cte d 

accou nts

In p a rtia lly 

p ro te cte d 

acco u n ts

in p a rtia lly 

pro te cte d 

accou nts

insured

All insured banks................................ 13,795 174,787,244 169,841,878 4,945,366 97.2% 2.8% $337,521,905 $184,113,567 $134,659,907 $49,453,660 $153,408,338 54.5%

Banks with total deposits of—

Less th a n $ 2 5 0 ,0 0 0 .............................. 14 4,513 4,486 27 99.4 .6 2,276 1,999 1,729 270 277 87.8

$ 2 5 0 , 0 0 0 to $ 5 0 0 ,0 0 0 ........................ 88 38,786 38,334 452 98.8 1.2 36,368 31,202 26,682 4,520 5,166 85.8

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ..................... 591 487,030 481,178 5,852 98.8 1.2 464,068 393,759 335,239 58,520 70,309 84.8

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ................ 2,078 2,986,512 2,944,053 42,459 98.6 1.4 3,127,976 2,606,446 2,181,856 424,590 521,530 83.3

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ................. 4,413 12,603,715 12,386,340 217,375 98.3 1.7 14,786,996 11,653,456 9,479,706 2,173,750 3,133,540 78.8

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 .............. 2,936 16,819,799 16,511,027 308,772 98.2 1.8 20,743,698 15,437,919 12,350,199 3,087,720 5,305,779 74.4

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ........... 2,188 25,277,303 24,761,683 515,620 98.0 2.0 33,666,739 23,337,118 18,180,918 5,156,200 10,329,621 69.3

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ........... 688 15,870,742 15,492,946 377,796 97.6 2.4 24,020,010 15,473,690 11,695,730 3,777,960 8,546,320 64.4

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 342 13,357,466 12,977,570 379,896 97.2 2.8 23,613,950 14,272,989 10,474,029 3,798,960 9,340,961 60.4

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 . .. 255 20,228,155 19,576,096 652,059 96.8 3.2 38,759,675 23,078,377 16,557,787 6,520,590 15,681,298 59.5

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 . .. 106 16,505,772 15,927,593 578,179 96.5 3.5 37,071,191 19,559,701 13,777,911 5,781,790 17,511,490 52.8

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 .. 57 14,804,562 14,183,625 620,937 95.8 4.2 37,353,764 19,912,974 13,703,604 6,209,370 17,440,790 53.3

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 25 11,148,165 10,618,131 530,034 95.2 4.8 33,505,935 15,913,373 10,613,033 5,300,340 17,592,562 47.5

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 o r m o re .................... 14 24,654,724 23,938,816 715,908 97.1 2.9 70,369,258 22,440,564 15,281,484 7,159,080 47,928,694 31.9

Banks in centers with population

in 1960 of—

Less th a n 2 5 0 .......................................... 523 679,236 667,321 11,915 98.2 1.8 968,975 709,978 590,828 119,150 258,997 73.3

2 5 0 to 5 0 0 ................................................. 1,143 1,800,280 1,770,314 29,966 98.3 1.7 2,152,218 1,805,349 1,505,689 299,660 346,869 83.9

5 0 0 to 1 ,0 0 0 ..................................... 1,853 4,008,147 3,939,561 68,586 98.3 1.7 4,743,638 3,883,591 3,197,731 685,860 860,047 81.9

1 ,0 0 0 to 2 ,5 0 0 ......................................... 2,768 9,422,469 9,246,208 176,261 98.1 1.9 11,539,823 9,160,113 7,397,503 1,762,610 2,379,710 79.4

2 ,5 0 0 to 5 ,0 0 0 ......................................... 1,759 8,964,376 8,786,718 177,658 98.0 2.0 11,401,420 8,639,562 6,862,982 1,776,580 2,761,858 75.8

5 ,0 0 0 to 1 0 ,0 0 0 ...................................... 1,598 11,824,736 11,585,468 239,268 98.0 2.0 15,576,937 11,157,611 8,764,931 2,392,680 4,419,326 71.6

10 ,0 0 0 to 2 5 ,0 0 0 ................................... 1,498 17,085,434 16,727,556 357,878 97.9 2.1 23,345,182 15,822,871 12,244,091 3,578,780 7,522,311 67.8

2 5 ,0 0 0 to 5 0 ,0 0 0 ................................... 833 14,343,256 14,006,399 336,857 97.7 2.3 21,410,699 13,761,177 10,392,607 3,368,570 7,649,522 64.3

5 0 ,0 0 0 to 1 0 0 ,0 0 0 ................................. 548 14,442,458 14,096,907 345,551 97.6 2.4 22,741,101 13,988,805 10,533,295 3,455,510 8,752,296 61.5

1 0 0 ,0 0 0 to 2 5 0 ,0 0 0 .............................. 430 18,346,209 17,855,861 490,348 97.3 2.7 32,538,954 18,072,682 13,169,202 4,903,480 14,466,272 55.5

2 5 0 ,0 0 0 to 5 0 0 ,0 0 0 .............................. 339 14,412,341 13,994,155 418,186 97.1 2.9 30,801,050 14,632,489 10,450,629 4,181,860 16,168,561 47.5

5 0 0 ,0 0 0 to 1 ,0 0 0 ,0 0 0 .......................... 288 30,627,336 29,812,606 814,730 97.3 2.7 59,633,900 27,909,935 19,762,635 8,147,300 31,723,965 46.8

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ...................... 48 9,566,305 9,249,645 316,660 96.7 3.3 22,371,108 10,818,116 7,651,516 3,166,600 11,552,992 48.4

2 ,5 0 0 ,0 0 0 o r m o re ................................ 167 19,264,661 18,103,159 1,161,502 94.0 6.0 78,296,899 33,751,286 22,136,266 11,615,020 44,545,613 43.1

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Class and type of bank—

C o m m e rcia l ban ks:

N a tio n a l................................................... 4,755 84,110,843 82,002,019 2,108,824 97.5

S tate, m e m b e rs F. R. S y s te m ... 1,459 32,167,181 31,237,213 929,968 97.1

S tate, n o t m e m b e rs F. R. S ystem 7,254 38,697,427 37,986,928 710,499 98.2

M u tu a l savings b a n k s ........................... 327 19,811,793 18,615,718 1,196,075 94.0

Banks with percent of deposits

insured of—

100 p e rc e n t............................................... 5 1,972 1,972 0 100.0

9 0 to 1 0 0 .................................................... 1,497 11,231,630 10,750,334 481,296 95.7

8 0 to 9 0 ...................................................... 4,474 29,225,942 28,191,547 1,034,395 96.5

70 to 8 0 ...................................................... 4,029 28,557,783 27,998,295 559,488 98.0

6 0 to 7 0 ...................................................... 2,129 26,877,848 26,300,456 577,392 97.9

50 to 6 0 ...................................................... 1,001 38,613,620 37,773,931 839,689 97.8

4 0 to 5 0 ...................................................... 389 18,368,775 17,849,744 519,031 97.2

3 0 to 4 0 ...................................................... 172 9,487,453 9,167,116 320,337 96.6

20 to 3 0 ...................................................... 79 8,753,054 8,335,563 417,491 95.2

10 to 2 0 ...................................................... 16 3,507,653 3,325,754 181,899 94.8

0 to 1 0 ......................................................... 4 161,514 147,166 14,348 91.1

Type of account—

D e m an d (IP C )3......................................... 70,895,151

86,683,440

104,269

388,808

69,356,616

83,667,684

87,642

249,411

1,538,535

3,015,756

16,627

139,397

93,721

61,394

38,656

41,280

97.8

S avings and tim e (IP C )3...................... 96.5

U. S. G o v e rn m e n t................................... 84.1

S tate and po litica l s u b d iv is io n s ....... 64.1

In te rb a n k ............................................... 128,341

1,361,147

1,346,374

13,879,714

34,620

1,299,753

1,307,718

13,838,434

27,0

U n in ve ste d tru s t fu n d s ........................ 95.5

D ra fts ........................................................... 97.1

O th e r ite m s ............................................... 99.7

1 Accounts with balances of $10,000 or less.

2 Accounts with balances of more than $10,000.

3 1 PC refers to individuals, partnerships, and corporations.

2.5 163,561,653 79,459,432 58,371,192 21,088,240 84,102,221 48.6

2.9 82,205,483 32,860,387 23,560,707 9,299,680 49,345,096 40.0

1.8 49,610,381 34,445,464 27,340,474 7,104,990 15,164,917 69.4

6.0 42,144,387 37,348,284 25,387,534 11,960,750 4,796,103 88.6

.0 876 876 876 0 0 100.0

4.3 19,124,375 17,529,474 12,716,514 4,812,960 1,594,901 91.7

3.5 45,746,868 39,163,919 28,819,969 10,343,950 6,582,949 85.6

2.0 35,815,340 26,841,394 21,246,514 5,594,880 8,973,946 74.9

2.1 37,823,065 24,646,340 18,872,420 5,773,920 13,176,725 65.2

2.2 58,574,877 32,093,065 23,696,175 8,396,890 26,481,812 54.8

2.8 39,383,261 17,958,934 12,768,624 5,190,310 21,424,327 45.6

3.4 28,055,204 10,057,349 6,853,979 3,203,370 17,997,855 35.8

4.8 44,576,015 11,216,228 7,041,318 4,174,910 33,359,787 25.2

5.2 24,516,464 4,377,656 2,558,666 1,818,990 20,138,808 17.9

8.9 3,905,559 228,330 84,850 143,480 3,677,229 5.8

2.2 123,854,691 60,386,094 45,000,744 15,385,350 63,468,597 48.8

3.5 152,636,128 115,412,869 85,255,309 30,157,560 37,223,259 75.6

15.9 7,392,035 273,458 107,188 166,270 7,118,577 3.7

35.9 20,551,224 2,066,288 672,318 1,393,970 18,484,936 10.1

73.0 18,290,824 1,104,161 166,951 937,210 17,186,663 6.0

4.5 4,692,964 1,676,670 1,062,730 613,940 3,016,294 35.7

2.9 3,310,816 791,864 405,304 386,560 2,518,952 23.9

.3 6,793,187 2,402,132 1,989,332 412,800 4,391,055 35.4

<£>ACCOUNTS AND DEPOSITS OF ALL INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 23. ACCOUNTS FULLY AND PARTIALLY PROTECTED AND DEPOSITS INSURED, ALL INSURED BANKS, NOVEMBER 18, 1964

BA NK S GROUPED BY STANDARD M ETROPOLITAN S T ATISTIC A L AREA AN D CITY

SMSA a nd C ity 1

N u m b e r

of

banks

N u m b e r o f accounts Percent o f 

accounts

D eposits (in th o u sa n d s)

P ercent 

o f total 

dep osits 

T otal insured Fully

p ro te cte d

P artially

protected

Fully

protected

P artially

protected

Total Total

in su re d

Insured

In fu lly 

p ro te cte d 

a ccou nts

In p a rtia lly 

pro te cte d 

accou nts

U n insured 

in p a rtia lly 

pro te cte d 

accou nts

Total United States....... 13,795 174,787,244 169,841,878 4,945,366 97.2% 2.8% $337,521,905 $184,113,567 $134,659,907 $49,453,660 $153,408,338 54.5%

53 Largest SMSA’s 2,358 97,660,195 94,406,949 3,253,246 96.7 3.3 224,636,729 110,059,769 77,527,309 32,532,460 114,576,960 49.0

New Y o rk ............................ 145 18,916,036 17,850,721 1,065,315 94.4 5.6 69,001,294 32,050,024 21,396,874 10,653,150 36,951,270 46.4

Los A n g e le s ....................... 64 4,236,311 4,107,114 129,197 97.0 3.0 9,679,213 4,498,763 3,206,793 1,291,970 5,180,450 46.5

C h ic a g o ............................... 273 5,577,825 5,349,842 227,983 95.9 4.1 17,468,321 7,199,834 4,920,004 2,279,830 10,268,487 41.2

P h ila d e lp h ia ...................... 86 4,850,650 4,707,063 143,587 97.0 3.0 9,462,404 5,033,185 3,597,315 1,435,870 4,429,219 53.2

D e tro it.................................. 46 3,246,657 3,149,089 97,568 97.0 3.0 6,949,203 3,653,504 2,677,824 975,680 3,295,699 52.6

San F ra n cisco ................... 39 14,804,841 14,500,752 304,089 97.9 2.1 21,356,891 10,848,645 7,807,755 3,040,890 10,508,246 50.8

B o s to n ................................. 70 2,278,073 2,199,766 78,307 96.6 3.4 5,892,182 2,550,776 1,767,706 783,070 3,341,406 43.3

P itts b u rg h .......................... 47 2,064,569 1,999,803 64,766 96.9 3.1 5,471,267 2,416,878 1,769,218 647,660 3,054,389 44.2

St. L o u is .............................. 132 2,005,802 1,958,165 47,637 97.6 2.4 4,265,092 2,063,489 1,587,119 476,370 2,201,603 48.4

W ashing ton , D. C............. 63 1,709,817 1,668,997 40,820 97.6 2.4 3,246,352 1,631,680 1,223,480 408,200 1,614,672 50.3

C le ve la n d ............................ 14 1,993,349 1,931,388 61,961 96.9 3.1 4,362,519 2,139,479 1,519,869 619,610 2,223,040 49.0

B a ltim o re ............................ 31 2,047,309 2,008,627 38,682 98.1 1.9 2,654,182 1,559,359 1,172,539 386,820 1,094,823 58.8

N e w a rk ................................ 57 2,274,033 2,195,195 78,838 96.5 3.5 4,197,842 2,760,098 1,971,718 788,380 1,437,744 65.8

M inneap olis-S t. Paul ... 111 1,716,578 1,677,580 38,998 97.7 2.3 3,393,764 1,655,335 1,265,355 389,980 1,738,429 48.8

B u ffa lo ................................. 15 1,823,389 1,748,057 75,332 95.9 4.1 3,487,184 2,328,331 1,575,011 753,320 1,158,853 66.8

H o u s to n .............................. 79 999,371 963,576 35,795 96.4 3.6 3,089,403 1,078,392 720,442 357,950 2,011,011 34.9

M ilw a u k e e .......................... 61 1,110,545 1,083,598 26,947 97.6 2.4 2,213,239 1,120,265 850,795 269,470 1,092,974 50.6

P a te rs o n ............................. 35 1,393,985 1,361,672 32,313 97.7 2.3 2,027,081 1,418,186 1,095,056 323,130 608,895 70.0

S e a ttle .................................. 26 1,905,955 1,854,460 51,495 97.3 2.7 3,033,881 1,848,613 1,333,663 514,950 1,185,268 60.9

D a lla s................................... 98 1,219,399 1,183,080 36,319 97.0 3.0 3,605,053 1,161,057 797,867 363,190 2,443,996 32.2

C in c in n a ti........................... 48 896,225 876,954 19,271 97.8 2.2 1,603,592 731,709 538,999 192,710 871,883 45.6

K ansas C ity ....................... 114 966,587 935,073 31,514 96.7 3.3 2,356,166 1,091,005 775,865 315,140 1,265,161 46.3

San D ie g o........................... 9 422,178 412,462 9,716 97.7 2.3 654,214 373,943 276,783 97,160 280,271 57.2

A tla n ta ................................. 41 607,101 592,923 14,178 97.7 2.3 1,453,349 534,836 393,056 141,780 918,513 36.8

M ia m i................................... 58 590,244 569,252 20,992 96.4 3.6 1,440,596 681,637 471,717 209,920 758,959 47.3

D e n ve r................................. 62 810,841 785,292 25,549 96.8 3.2 1,761,644 835,516 580,026 255,490 926,128 47.4

New O rle a n s ;.................... 20 958,508 941,483 17,025 98.2 1.8 1,478,653 574,367 404,117 170,250 904,286 38.8

P o rtla n d .............................. 15 1,460,592 1,421,787 38,805 97.3 2.7 2,457,275 1,431,022 1,042,972 388,050 1,026,253 58.2

P ro v id e n c e ......................... 16 1,095,881 1,063,605 32,276 97.1 2.9 1,847,471 1,222,390 899,630 322,760 625,081 66.2

San B e rn a rd in o ............... 7 65,039 63,795 1,244 98.1 1.9 73,856 52,406 39,966 12,440 21,450 71.0

T a m p a ................................. 52 639,100 621,523 17,577 97.2 2.8 1,177,344 714,849 539,079 175,770 462,495 60.7

L o u isville ............................. 17 573,831 563,126 10,705 98.1 1.9 1,015,041 448,244 341,194 107,050 566,797 44.2

In d ia n a p o lis ...................... 40 817,983 800,045 17,938 97.8 2.2 1,635,890 724,066 544,686 179,380 911,824 44.3

D a y to n ................................. 29 548,377 539,782 8,595 98.4 1.6 741,110 397,337 311,387 85,950 343,773 53.6

San A n to n io ....................... 33 430,102 418,136 11,966 97.2 2.8 948,020 452,088 332,428 119,660 495,932 47.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
C o lu m b u s ........................... 23 614,581 602,572 12,009 98.0 2.0 1,074,979 492,690 372,600 120,090 582,289 45.8

P h o e n ix ............................... 9 994,773 968,791 25,982 97.4 2.6 1,667,759 923,639 663,819 259,820 744,120 55.4

A lb a n y .................................. 25 1,043,196 999,432 43,764 95.8 4.2 2,294,697 1,485,331 1,047,691 437,640 809,366 64.7

San J o s e ............................. 4 127,127 124,224 2,903 97.7 2.3 187,332 112,870 83,840 29.030 74,462 60.3

B irm in g h a m ...................... 8 364,747 354,048 10,699 97.1 2.9 796,631 365,121 258,131 106,990 431,510 45.8

M e m p h is ............................. 13 533,077 517,887 15,190 97.2 2.8 1,325,131 481,154 329,254 151,900 843,977 36.3

Jersey C ity ......................... 13 665,615 645,072 20,543 96.9 3.1 1,200,991 820,809 615,379 205,430 380,182 68.3

R o c h e s te r........................... 20 1,012,079 976,417 35,662 96.5 3.5 1,878,370 1,194,854 838,234 356,620 683,516 63.6

N o rfo lk ................................. 8 449,724 441,741 7,983 98.2 1.8 611,056 344,073 264,243 79,830 266,983 56.3

G a ry...................................... 20 396,458 389,341 7,117 98.2 1.8 541,101 326,767 255,597 71,170 214,334 60.4

Fort W o rth .......................... 37 504,793 491,134 13,659 97.3 2.7 1,034,471 468,342 331,752 136,590 566,129 45.3

S yra cu se ............................. 17 839,767 810,488 29,279 96.5 3.5 1,312,756 925,302 632,512 292,790 387,454 70.5

H a rtfo rd .............................. 21 1,121,753 1,088,644 33,109 97.0 3.0 1,904,239 1,152,143 821,053 331,090 752,096 60.5

A k ro n .................................... 11 508,861 496,838 12,023 97.6 2.4 798,331 473,388 353,158 120,230 324,943 59.3

O klahom a C ity .................. 49 450,568 438,331 12,237 97.3 2.7 1,025,585 413,118 290,748 122,370 612,467 40.3

Y o u n g s to w n ...................... 14 368,005 361,218 6,787 98.2 1.8 524,683 334,014 266,144 67,870 190,669 63.7

S a c ra m e n to ....................... 6 33,047 31,722 1,325 96.0 4.0 71,786 43,570 30,320 13,250 28,216 60.7

H o n o lu lu ............................. 7 574,941 565,266 9,675 98.3 1.7 886,243 421,276 324,526 96,750 464,967 47.5

25 Largest Cities 522 56,458,442 54,405,304 2,053,138 96.4 3.6 154,537,891 64,565,023 44,033,643 20,531,380 89,972,868 41.8

New Y o rk ............................ 45 10,880,833 10,208,620 672,213 93.8 6.2 52,234,844 18,515,362 11,793,232 6,722,130 33,719,482 35.4

C h ica g o ................................ 80 3,198,557 3,020,367 178,190 94.4 5.6 14,288,465 4,928,688 3,146,788 1,781,900 9,359,777 34.5

Los A n g e le s ....................... 25 3,767,518 3,650,787 116,731 96.9 3.1 8,809,078 4,035,148 2,867,838 1,167,310 4,773,930 45.8

P h ila d e lp h ia ...................... 15 3,487,331 3,368,801 118,530 96.6 3.4 7,749,362 3,924,613 2,739,313 1,185,300 3,824,749 50.6

D e tro it.................................. 7 2,308,275 2,226,933 81,342 96.5 3.5 5,807,175 2,853,909 2,040,489 813,420 2,953,266 49.1

B a ltim o re ............................ 11 1,897,480 1,861,354 36,126 98.1 1.9 2,498,362 1,440,230 1,078,970 361,260 1,058,132 57.6

H o u s to n ............................... 57 837,307 804,031 33,276 96.0 4.0 2,897,906 958,970 626,210 332,760 1,938,936 33.1

C le v e la n d ............................ 8 1,903,946 1,843,249 60,697 96.8 3.2 4,267,853 2,078,062 1,471,092 606,970 2,189,791 48.7

W ashington, D. C............. 15 779,328 754,894 24,434 96.9 3.1 2,021,564 856,508 612,168 244,340 1,165,056 42.4

St. L o u is .............................. 26 902,026 872,585 29,441 96.7 3.3 2,733,784 1,074,265 779,855 294,410 1,659,519 39.3

San F ra n c is c o ................... 18 14,499,765 14,203,014 296,751 98.0 2.0 20,903,438 10,557,062 7,589,552 2,967,510 10,346,376 50.5

M ilw a u k e e .......................... 23 699,730 679,283 20,447 97.1 2.9 1,729,852 769,268 564,798 204,470 960,584 44.5

B o s to n ................................. 11 977,188 920,091 57,097 94.2 5.8 4,348,317 1,625,358 1,054,388 570,970 2,722,959 37.4

D a lla s .................................... 42 956,248 924,139 32,109 96.6 3.4 3,292,496 955,093 634,003 321,090 2,337,403 29.0

New O rle a n s ...................... 6 764,652 749,819 14,833 98.1 1.9 1,287,917 464,244 315,914 148,330 823,673 36.0

P itts b u rg h .......................... 12 1,446,717 1,395,230 51,487 96.4 3.6 4.479,577 1,803,763 1,288,893 514,870 2,675,814 40.3

San A n to n io ....................... 26 388,062 376,733 11,329 97.1 2.9 896,315 416,456 303,166 113,290 479,859 46.5

San D ie g o ........................... 6 394,803 385,493 9,310 97.6 2.4 627,950 356,293 263,193 93,100 271,657 56.7

S e a ttle .................................. 11 1,802,466 1,752,456 50,010 97.2 2.8 2,935,552 1,774,388 1,274,288 500,100 1,161,164 60.4

B u ffa lo ................................. 8 1,714,745 1,643,313 71,432 95.8 4.2 3,346,439 2,212,956 1,498,636 714,320 1,133,483 66.1

C in c in n a ti........................... 6 649,472 633,628 15,844 97.6 2.4 1,354,724 558,169 399,729 158,440 796,555 41.2

M e m p h is ............................. 7 493,966 479,740 14,226 97.1 2.9 1,269,439 445,257 302,997 142,260 824,182 35.1

D e n v e r................................. 25 495,726 475,120 20,606 95.8 4.2 1,429,492 607,307 401,247 206,060 822,185 42.5

A tla n ta ................................. 9 371,080 359,570 11,510 96.9 3.1 1,241,879 379,540 264,440 115,100 862,339 30.6

M in n e a p o lis ....................... 23 841,221 816,054 25,167 97.0 3.0 2,086,112 974,114 722,444 251,670 1,111,998 46.7

1 Standard Metropolitan Statistical Areas with population of 500,000 or more, and the 25 largest cities, according to the population in the 1960 census. Standard Metropolitan Statistical Areas are desingated by 

name of the major city, with data applying to the entire SMSA as defined by the Bureau of the Budget in 1964.

ACCOUNTS AND DEPOSITS OF ALL INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 24. DISTRIBUTION OF ACCOUNTS ACCORDING TO SIZE, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

N u m be r o f accou nts P ercent o f to ta l accou nts

FDIC D is tric t and S tate N u m b e r 

o f banks Total

$10 ,000 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

Total United States.................................................. 13,468 154,975,451 151,226,160 2,657,034 829,741 262,516 97.6% 1.7% • 5% • 2%

50 States and D. C................................................ 13,460 154,389,966 150,648,081 2,652,018 827,945 261,922 97.6 1.7 .5 .2

Other Areas............................................................. 8 585,485 578,079 5,016 1,796 594 98.7 .9 .3 .1

FDIC District

D istrict 1 ..................................................................... 380 7,539,248 7,384,795 103,780 37,989 12,684 98.0 1.4 .5 .2

D istrict 2 ..................................................................... 587 21,942,490 21,280,917 441,989 157,188 62,396 97.0 2.0 .7 .3

D istrict 3 ..................................................................... 1,136 18,458,136 18,044,685 304,604 82,697 26,150 97.8 1.7 .4 .1

D istrict 4 ..................................................................... 877 11,585,614 11,366,505 154,699 49,767 14,643 98.1 1.3 .4 .1

D istrict 5 ..................................................................... 1,241 9,173,635 8,962,249 146,983 49,989 14,414 97.7 1.6 .5 .2

D istrict 6 ..................................................................... 1,505 9,764,686 9,542,344 155,189 51,406 15,747 97.7 1.6 .5 .2

D is tric t 7 ..................................................................... 1,358 15,127,377 14,802,450 243,869 63,616 17,442 97.9 1.6 .4 .1

D istrict 8 ..................................................................... 1,680 11,764,118 11,402,112 265,525 73,071 23,410 96.9 2.3 .6 .2

D istrict 9 ..................................................................... 1,171 5,264,958 5,160,404 76,173 21,968 6,413 98.0 1.4 .4 .1

D istrict 1 0 .................................................................. 1,702 6,704,760 6,535,675 120,883 37,546 10,656 97.5 1.8 .6 .2

D istrict 1 1 .................................................................. 1,399 11,101,652 10,802,908 203,072 72,797 22,875 97.3 1.8 .7 .2

D istrict 1 2 .................................................................. 432 26,548,777 25,941,116 440,268 131,707 35,686 97.7 1.7 .5 .1

State

A la b a m a ..................................................................... 252 1,900,834 1,859,044 29,722 9,464 2,604 97.8 1.6 .5 .1

A riz o n a ........................................................................ 15 1,127,156 1,097,760 22,284 5,717 1,395 97.4 2.0 .5 .1

A rk a n s a s ..................................................................... 242 1,194,461 1,166., 493 19,784 6,518 1,666 97.7 1.7 .5 .1

C a lifo rn ia .................................................................... 186 20,148,414 19,687,311 332,166 101,496 27,441 97.7 1.6 .5 .1

C o lo ra d o ..................................................................... 203 1,430,359 1,389,351 29,220 9,136 2,652 97.1 2.0 .6 .2

C o n n e c tic u t............................................................... 60 1,988,887 1,946,956 30,079 9,290 2,562 97.9 1.5 .5 .1

D e law are.................................................................... 20 423,434 413,279 7,183 2,313 659 97.6 1.7 .5 .2

D istrict o f C o lu m b ia ............................................... 15 779,328 754,894 15,801 6,512 2,121 96.9 2.0 .8 .3

F lo rid a ......................................................................... 415 3,588,226 3,493,048 67,740 21,336 6,102 97.3 1.9 .6 .2

G eorgia........................................................................ 380 2,466,666 2,418,901 31,279 12,331 4,155 98.1 1.3 .5 .2

100 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ........................................................................... 24 266,719 261,306

Illin o is .......................................................................... 1,021 3,596,307 3,486,249

In d ia n a ........................................................................ 425 1,824,652 1,790,371

659 1,390,081 1,365,482

K a nsas........................................................................ 593 1,167,678 1,147,033

K e n tu c k y .................................................................... 341 1,300,148 1,281,716

Lou isiana.................................................................... 208 1,105,364 1,080,184

M a in e ........................................................................... 40 263,104 258,250

M a ryla n d .................................................................... 120 1,001,848 981,323

M a ssa ch u se tts......................................................... 154 1,440,705 1,395,332

M ich ig a n ..................................................................... 358 2,467,973 2,418,518

M in n e so ta .................................................................. 713 1,457,936 1,434,282

M ississip p i................................................................. 194 776,505 764,032

M isso u ri...................................................................... 632 2,157,679 2,113,097

M o n ta n a ..................................................................... 127 317,288 309,804

N e b ra ska ................................................................... 425 776,898 760,256

N e va d a ........................................................................ 8 161,163 157,073

New H a m p s h ire ...................................................... 70 194,904 191,315

New J e rs e y ................................................................ 233 2,112,567 2,059,293

New M e xico ............................................................... 63 321,394 314,873

New Y o rk .................................................................... 326 6,013,388 5,791,046

N o rth C a ro lin a ......................................................... 151 1,601,209 1,576,309

N o rth D a ko ta ............................................................ 159 322,440 316,525

O h io .............................................................................. 547 3,286,596 3,218,697

O kla h o m a ................................................................... 413 1,272,696 1,252,759

O re g o n ......................................................................... 49 770,977 756,673

P e nnsylvania............................................................ 589 3,987,599 3,898,548

Rhode Is la n d ............................................................ 8 190,319 184,612

South C a ro lin a ......................................................... 130 742,653 731,397

South D a ko ta ............................................................ 172 367,864 361,757

T e n n e sse e ................................................................. 290 1,607,274 1,585,073

T e xa s............................................................................ 1,113 4,478,763 4,383,181

U ta h ............................................................................. 53 345,571 339,565

V e rm o n t...................................................................... 48 160,532 158,281

V irg in ia ........................................................................ 278 1,634,096 1,609,044

W a sh in g to n ............................................................... 95 1,135,911 1,116,432

W est V irg in ia ............................................................. 183 731,123 721,786

W isco n sin ................................................................... 575 1,451,769 1,423,519

W yo m in g ..................................................................... 68 167,539 163,964

A la s k a .......................................................................... 10 81,896 79,857

H a w aii......................................................................... 7 183,330 179,072

3,744

66,990

22,117

17,848

14,900

12,502

15,983

3,130

12,507

26,364

29,918

14,903

8,362

28,451

5,406

12,023

2,545

2,323

33,460

4,396

121,207

15,558

4,468

40,966

13,291

9,343

54,357

3,320

7,411

4,753

13,765

61,547

3,646

1,517

16,261

12,318

6,121

17,788

2,506

1,313

2,548

1,441 228 98.0 1.4 .5

32,699 10,369 96.9 1.9 .9

9,708 2,456 98.1 1.2 .5

5,654 1,097 98.2 1.3 .4

4,965 780 98.2 1.3 .4

4,862 1,068 98.6 1.0 .4

7,499 1,698 97.7 1.4 .7

1,427 297 98.2 1.2 .5

6,313 1,705 98.0 1.2 .6

14,654 4,355 96.9 1.8 1.0

15,340 4,197 98.0 1.2 .6

6,789 1,962 98.4 1.0 .5

3,550 561 98.4 1.1 .5

12,633 3,498 97.9 1.3 .6

1,782 296 97.6 1.7 .6

3,895 724 97.9 1.5 .5

1,238 307 97.5 1.6 .8

1,080 186 98.2 1.2 .6

16,193 3,621 97.5 1.6 .8

1,819 306 98.0 1.4 .6

73,610 27,525 96.3 2.0 1.2

7,396 1,946 98.4 1.0 .5

1,259 188 98.2 1.4 .4

20,724 6,209 97.9 1.2 .6

5,431 1,215 98.4 1.0 .4

3,990 971 98.1 1.2 .5

26,997 7,697 97.8 1.4 .7

1,880 507 97.0 1.7 1.0

3,190 655 98.5 1.0 .4

1,162 192 98.3 1.3 .3

6,590 1,846 98.6 .9 .4

27,211 6,824 97.9 1.4 .6

1,855 505 98.3 1.1 .5

643 91 98.6 .9 .4

7,090 1,701 98.5 1.0 .4

5,640 1,521 98.3 1.1 .5

2,679 537 98.7 .8 .4

8,390 2,072 98.1 1.2 .6

926 143 97.9 1.5 .6

618 108 97.5 1.6 .8

1,337 373 97.7 1.4 .7

ACCOUNTS OF INSURED COMMERCIAL BANKS 101

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 25. DISTRIBUTION OF ACCOUNTS ACCORDING TO SIZE, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964 

B A N K S GROUPED BY A M O UN T OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED, CLASS, AND PERCENT 

OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

C lassifica tion

A ll in su re d co m m e rc ia l b a n k s ...............................

B a nks w ith to ta l d e p o s its o f—

Less th a n $ 2 5 0 ,0 0 0 ............................................

$ 2 5 0 ,0 0 0 to $ 5 0 0 ,0 0 0 .......................................

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ...................................

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ...............................

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ...............................

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 ............................

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 .........................

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 .........................

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 .......................

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ....................

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ....................

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ................

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 ............

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 or m o re ...................................

B a nks in c e n te rs w ith p o p u la tio n in 1960 

o f—

Less th a n 2 5 0 ........................................................

2 5 0 to 5 0 0 ...............................................................

5 0 0 to 1 ,0 0 0 ...........................................................

1.000 to 2 ,5 0 0 .......................................................

2 ,5 0 0 to 5 ,0 0 0 .......................................................

5 .0 0 0 to 1 0 ,0 0 0 ....................................................

10.0 0 0 to 2 5 ,0 0 0 ..................................................

2 5 .0 0 0 to 5 0 ,0 0 0 .................................................

5 0 .0 0 0 to 1 0 0 ,0 0 0 ...............................................

1 0 0 .0 0 0 to 2 5 0 ,0 0 0 ............................................

2 5 0 .0 0 0 to 5 0 0 ,0 0 0 ............................................

5 0 0 .0 0 0 to 1 ,0 0 0 ,0 0 0 ........................................

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ....................................

2 .5 0 0 .0 0 0 or m o re ...............................................

N u m be r 

o f banks

13,468

14

88

591

2,075

4,402

2,908

2,105

629

301

198

522

1,142

1,851

2,738

1,734

1,576

1,447

782

517

397

329

272

44

117

N um ber of accounts Percent of total accounts

Total

$10,000 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$25 ,0 0 0

to

$ 1 0 0 ,0 0 0

More

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$25 ,0 0 0

$25 ,0 0 0

to

$ 1 0 0 ,0 0 0

More

than

$1 0 0 ,0 0 0

154,975,451 151,226,160 2,657,034 829,741 262,516 97.6% 1.7% ■ 5% ■ 2%

4,513 4,486 22 5 0 99.4 .5 .1 .0

38,786 38,334 371 74 7 98.8 1.0 .2 .0

487,030 481,178 4,689 1,098 65 98.8 1.0 .2 .0

2,981,546 2,939,175 33,963 7,665 743 98.6 1.1 .3 .0

12,571,063 12,354,371 169,882 41,054 5,756 98.3 1.4 .3 .0

16,662,462 16,359,023 233,397 58,860 11,182 98.2 1.4 .4 .1

24,406,520 23,925,064 364,456 94,840 22,160 98.0 1.5 .4 .1

14,614,866 14,295,322 234,699 67,479 17,366 97.8 1.6 .5 .1

11,911,685 11,606,039 221,955 65,430 18,261 97.4 1.9 .5 .2

15,521,558 15,114,191 285,777 92,698 28,892 97.4 1.8 .6 .2

12,448,574 12,094,670 237,080 85,026 31,798 97.2 1.9 .7 .3

10,429,464 10,127,439 197,528 73,898 30,599 97.1 1.9 .7 .3

8,242,660 7,948,052 197,823 68,976 27,809 96.4 2.4 .8 .3

24,654,724 23,938,816 475,392 172,638 67,878 97.1 1.9 .7 .3

674,162 662,452 9,214 1,963 533 98.3 1.4 .3 .1

1,796,145 1,766,258 24,682 4,680 525 98.3 1.4 .3 .0

4,004,528 3,936,076 55,648 11,444 1,360 98.3 1.4 .3 .0

9,203,344 9,037,221 132,302 29,665 4,156 98.2 1.4 .3 .0

8,711,328 8,547,046 127,669 31,355 5,258 98.1 1.5 .4 .1

11,575,466 11,346,843 175,534 43,873 9,216 98.0 1.5 .4 .1

16,352,208 16,027,871 243,558 65,139 15,640 98.0 1.5 .4 .1

13,090,294 12,814,493 203,333 57,411 15,057 97.9 1.6 .4 .1

.1 13,187,125 12,900,149 205,161 64,017 17,798 97.8 1.6 .5

15,710,039 15,338,985 259,473 84,065 27,516 97.6 1.7 .5 .2

13,192,723 12,832,236 243,284 85,992 31,211 97.3 1.8 .7 .2

28,694,675 27,990,618 490,204 159,845 54,008 97.5 1.7 .6 .2

8,029,328 7,779,154 172,064 58,152 19,958 96.9 2.1 .7 .2

10,754,086 10,246,758 314,908 132,140 60,280 95.3 2.9 1.2 .6

102 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
C lass o f b a n k

N a tio n a l......................................................................

S tate, m e m b e rs F. R. S y s te m ...........................

S tate, n o t m e m b e rs F. R. S y s te m ..................

4,755

1,459

7,254

84,110,843

32,167,181

38,697,427

82,002,019

31,237,213

37,986,928

B a nks w ith p e rc e n t o f d e p o s its in su re d 

o f—

100 p e rc e n t..............................................................

9 0 to 1 0 0 ...................................................................

80 to 9 0 ......................................................................

70 to 8 0 ......................................................................

60 to 7 0 ......................................................................

50 to 6 0 ......................................................................

5

1,325

4,323

4,025

2,129

1,001

1,972

3,055,996

17,635,289

28,512,277

26,877,848

38,613,620

1,972

3,022,852

17,346,290

27,955,316

26,300,456

37,773,931

4 0 to 5 0 ......................................................................

3 0 to 4 0 ......................................................................

20 to 3 0 ......................................................................

10 to 2 0 ......................................................................

O to 1 0 .........................................................................

389

172

79

16

4

18,368,775

9,487,453

8,753,054

3,507,653

161,514

17,849,744

9,167,116

8,335,563

3,325,754

147,166

Type o f acco u n t

D em and (IP C )1........................................................ 69,986,658

68,631,261

96,634

68,449,173 

66,807,568 

80 077

Savings and tim e (IP C )1......................................

U. S. G o ve rn m e n t...................................................

State and political s u b d iv is io n s ........................ 381,276 242,503

34,354

1,299,073

898,324

13,415,088

In te rb a n k ................................................................... 128,016

U ninvested tru s t fu n d s ........................................ 1,360,398

935,313

13,455,895

D ra fts ...................................................

O ther ite m s ...............................................................

1 IPC refers to individuals, partnerships, and corporations.

,486,535 469,512 152,777 97.5 1.8 .6 .2

631,377 218,485 80,106 97.1 2.0 .7 .2

539,122 141,744 29,633 98.2 1.4 .4 .1

0 0 0 100.0 .0 .0 .0

29,535 3,527 82 98.9 1.0 .1 .0

240,440 43,748 4,811 98.4 1.4 .2 .0

439,440 99,374 18,147 98.0 1.5 .3 .1

432,109 117,831 27,452 97.9 1.6 .4 .1

607,531 183,060 49,098 97.8 1.6 .5 .1

352,717 124,905 41,409 97.2 1.9 .7 .2

201,748 84,578 34,011 96.6 2.1 .9 .4

249,145 113,870 54,476 95.2 2.8 1.3 .6

99,405 54,005 28,489 94.8 2.8 1.5 .8

4,964 4,843 4,541 91.1 3.1 3.0 2.8

954,135 455,982 127,368 97.8 1.4 .7 .2

,550,060 231,254 42,379 97.3 2.3 .3 .1

5,531 5,915 5,111 82.9 5.7 6.1 5.3

50,559 54,839 33,375 63.6 13.3 14.4 8.8

22,265 34,504 36,893 26.8 17.4 27.0 28.8

35,763 19,849 5,713 95.5 2.6 1.5 .4

15,288 15,670 6,031 96.0 1.6 1.7 .6

23,433 11,728 5,646 99.7 .2 .1 .0

ACCOUNTS OF INSURED COMMERCIAL BANKS 103

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 26. DISTRIBUTION OF DEMAND ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING TO SIZE

OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D is tric t and S tate N u m b e r 

o f banks

N u m be r o f accou nts P e rcen t o f to ta l acco u n ts

Total $ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

Total United States................................................... 13,468 69,986,658 68,449,173 954,135 455,982 127,368 97.8% 1.4% ■ 7% • 2%

50 States and D. C................................................. 13,460 69,878,492 68,343,785 952,442 455,112 127,153 97.8 1.4 .7 .2

Other Areas............................................................. 8 108,166 105,388 1,693 870 215 97.4 1.6 .8 .2

FDIC District

D is tric t 1 ..................................................................... 380 3,109,055 3,025,915 49,875 26,217 7,048 97.3 1.6 .8 .2

D is tric t 2 ..................................................................... 587 8,439,015 8,155,472 159,523 92,204 31,816 96.6 1.9 1.1 .4

D is tric t 3 ..................................................................... 1,136 7,274,195 7,117,245 95,323 47,721 13,906 97.8 1.3 .7 .2

D is tric t 4 ............................................................... 877 6,097,952 5,993,138 65,635 31,180 7,999 98.3 1.1 .5 .1

D is tric t 5 ..................................................................... 1,241 5,526,669 5,429,665 62,731 27,892 6,381 98.2 1.1 .5 .1

D is tric t 6 ..................................................................... 1,505 5,851,517 5,752,461 64,206 27,754 7,096 98.3 1.1 .5 .1

D is tric t 7 ..................................................................... 1,358 5,744,394 5,632,408 69,823 33,438 8,725 98.1 1.2 .6 .2

D is tric t 8 ..................................................................... 1,680 4,986,388 4,851,731 84,838 38,353 11,466 97.3 1.7 .8 .2

D is tric t 9 ..................................................................... 1,171 2,465,528 2,422,368 29,530 10,992 2,638 98.2 1.2 .4 .1

D is tric t 1 0 .................................................................. 1,702 4,170,545 4,093,378 53,344 19,863 3,960 98.1 1.3 .5 .1

D istrict 1 1 .................................................................. 1,399 6,445,978 6,309,060 88,114 39,311 9,493 97.9 1.4 C .1

D istrict 1 2 .................................................................. 432 9,875,422 9,666,332 131,193 61,057 16,840 97.9 1.3 ’.6 .2

State

A la b a m a ...................................................................... 252 1,152,028 1,134,673 11,087 5,096 1,172 98.5 1.0 .4 .1

A riz o n a ........................................................................ 15 540,457 530,822 6,188 2,782 665 98.2 1.1 .5 .1

A rk a n s a s ..................................................................... 242 786,416 772,575 9,488 3,669 684 98.2 1.2 .5 .1

C a lifo rn ia .................................................................... 186 6,929,855 6,776,354 95,736 44,938 12,827 97.8 1.4 .6 .2

C o lo ra d o ..................................................................... 203 785,734 769,366 10,624 4,646 1,098 97.9 1.4 .6 .1

C o n n e c tic u t............................................................... 60 859,491 838,125 13,221 6,533 1,612 97.5 1.5 .8 .2

D e law are..................................................................... 20 204,894 199,745 3,163 1,531 455 97.5 1.5 .7 .2

D istrict o f C o lu m b ia ............................................... 15 387,023 373,279 7,777 4,512 1,455 96.4 2.0 1.2 .4

Florida ...................................................... 415 2,126,890 2,084,156 27,994 12,133 2,607 98.0 1.3 .6 .1

G e o rg ia ........................................................................ 380 1,471,246 1,446,804 15,288 7,113 2,041 98.3 1.0 .5 .1

104 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ........................................................................... 24 514,884 501,575

Illin o is .......................................................................... 1,021 9,049,158 8,739,062

In d ia n a ........................................................................ 425 4,031,704 3,954,939

659 2,714,960 2,663,050

K a n sa s........................................................................ 593 1,860,222 1,814,596

K e n tu c k y .................................................................... 341 1,967,768 1,930,415

Lo u isia n a .................................................................... 208 2.362,604 2,310,695

M a in e ........................................................................... 40 767,923 756,410

M a ry la n d .................................................................... 120 2,422,042 2,378,716

M a ssa ch u se tts........................................................ 154 3,204,186 3,135,464

M ic h ig a n ..................................................................... 358 7,165,527 6,989,965

M in n e so ta .................................................................. 713 3,411,118 3,350,106

M is s is s ip p i................................................................. 194 1,217,909 1,191,256

M is s o u ri...................................................................... 632 3,900,543 3,805,931

M o n ta n a ..................................................................... 127 611,653 595,109

N e b ra s k a ................................................................... 425 1,257,150 1,228,083

N e va d a ........................................................................ 8 376,781 366,909

New H a m p s h ire ...................................................... 70 457,678 449,322

New J e rs e y ................................................................ 233 6,008,383 5,869,176

New M e xico ............................................................... 63 586,513 572,361

New Y o rk .................................................................... 326 14,925,188 14,420,383

N o rth C a ro lin a ......................................................... 151 2,735,940 2,686,341

N o rth D a k o ta ............................................................ 159 585,702 572,506

O h io .............................................................................. 547 8,574,381 8,389,166

O k la h o m a .................................................................. 413 1,863,382 1,819,198

O re g o n ........................................................................ 49 1,619,871 1,578,738

P e nnsylvania............................................................ 589 9,883,755 9,655,519

Rhode Is la n d ............................................................ 8 647,098 631,685

South C a ro lin a ......................................................... 130 1,114,921 1,097,730

South D a ko ta ............................................................ 172 656,485 642,683

T e n n e sse e ................................................................. 290 2,701,914 2,639,505

T e xa s........................................................................... 1,113 7,025,379 6,822,092

U ta h ............................................................................. 53 782,299 764,040

V e rm o n t...................................................................... 48 473,476 464,958

V irg in ia ........................................................................ 278 3,212,278 3,150,057

W a sh in g to n ............................................................... 95 2,368,498 2,318,851

W est V irg in ia ............................................................. 183 1,321,105 1,298,767

W isco n sin ................................................................... 575 3,930,146 3,857,546

W yo m in g ..................................................................... 68 293,647 284,447

A la s k a .......................................................................... 10 163,089 158,426

H a w a ii.......................................................................... 7 574,941 565,266

10,231

227,064

56,206

38,461

33,564

26,518

34,969

8,692

31,395

40,725

133,692

42,788

18,242

64,696

12,419

20,365

7,028

6,145

107,867

9,921

321,923

33,490

10,350

137,933

31,041

30,876

166,671

11,074

11,313

10,616

44,191 

135. 

13,621 

7,065 

46,102

36,804 

16,598 

53,971 

6,1 

3,181 

6,361

2,598 480 97.4 2.0 .5

62,516 20,516 96.6 2.5 .7

15,877 4,682 98.1 1.4 .4

10,555 2,894 98.1 1.4 .4

9,646 2,416 97.5 1.8 .5

8,579 2,256 98.1 1.3 .4

12,977 3,963 97.8 1.5 .5

2,294 527 98.5 1.1 .3

9,227 2,704 98.2 1.3 .4

20,055 7,942 97.9 1.3 .6

32,964 8,906 97.5 1.9 .5

13,559 4,665 98.2 1.3 .4

6,858 1,553 97.8 1.5 .6

22,675 7,241 97.6 1.7 .6

3,417 708 97.3 2.0 .6

6,807 1,895 97.7 1.6 .5

2,233 611 97.4 1.9 .6

1,775 436 98.2 1.3 .4

25,038 6,302 97.7 1.8 .4

3,383 848 97.6 1.7 .6

128,041 54,841 96.6 2.2 .9

12,246 3,863 98.2 1.2 .4

2,407 439 97.7 1.8 .4

36,198 11,084 97.8 1.6 .4

9,938 3,205 97.6 1.7 .5

8,153 2,104 97.5 1.9 .5

46,499 15,066 97.7 1.7 .5

3,322 1,017 97.6 1.7

4,597 1,281 98.5 1.0 .4

2,585 601 97.9 1.6 .4

13,634 4,584 97.7 1.6 .5

50,720 16,669 97.1 1.9 .7

3,567 1,071 97.7 1.7 .5

1,253 200 98.2 1.5 .3

12,656 3,463 98.1 1.4 .4

10,072 2,771 97.9 1.6 .4

4,529 1,211 98.3 1.3 .3

14,775 3,854 98.2 1.4 .4

2,019 488 96.9 2.3 .7

1,162 320 97.1 2.0 .7

2,426 888 98.3 1.1 .4

ACCOUNTS OF INSURED COMMERCIAL BANKS 105

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 27. DISTRIBUTION OF SAVINGS AND TIME ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING

TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D istrict and State N u m b e r 

o f banks

N u m be r o f accou nts P e rcen t o f to ta l accou nts

Total

$10 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

T otal United States.................................................. 13,468 68,631,261 66,807,568 1,550,060 231,254 42,379 97.3% 2.3% ■ 3% ■ 1%

50 States and D. C................................................. 13,460 68,245,739 66,425,852 1,547,070 230,603 42,214 97.3 2.3 .3 .1

Other Areas............................................................. 8 385,522 381,716 2,990 651 165 99.0 .8 .2 .0

FDIC District

D is tric t 1 ..................................................................... 380 3,460,659 3,406,108 47,163 5,982 1,406 98.4 1.4 .2 .0

D istrict 2 ..................................................................... 587 10,879,927 10,575,253 254,628 39,278 10,768 97.2 2.3 .4 .1

D is tric t 3 ..................................................................... 1,136 9,581,620 9,362,065 193,823 22,119 3,613 97.7 2.0 .2 .0

D istrict 4 ..................................................................... 877 4,537,700 4,443,989 81,419 10,842 1,450 97.9 1.8 .2 .0

D is tric t 5 ..................................................................... 1,241 3,167,874 3,082,205 73,065 11,079 1,525 97.3 2.3 .3 .0

D is tric t 6 ..................................................................... 1,505 3,392,120 3,299,237 79,287 12,059 1,537 97.3 2.3 .4 .0

D is tric t 7 ..................................................................... 1,358 8,172,753 7,991,087 160,737 18,626 2,303 97.8 2.0 .2 .0

D is tric t 8 ..................................................................... 1,680 5,455,158 5,263,383 166,599 21,662 3,514 96.5 3.1 .4 .1

D is tric t 9 ..................................................................... 1,171 2,502,087 2,455,707 40,570 5,138 672 98.1 1.6 .2 .0

D is tric t 1 0 .................................................................. 1,702 2,159,089 2,089,864 59,048 8,764 1,413 96.8 2.7 .4 .1

D is tric t 1 1 .................................................................. 1,399 3,736,145 3,613,908 100,076 18,067 4,094 96.7 2.7 .5 .1

D istrict 1 2 ................................................................... 432 11,586,129 11,224,762 293,645 57,638 10,084 96.9 2.5 .5 .1

State

A la b a m a ..................................................................... 252 677,319 658,215 16,540 2,342 222 97.2 2.4 .3 0

A riz o n a ........................................................................ 15 477,520 459,275 15,376 2,446 423 96.2 3.2 .5 .1

A rk a n s a s .................................................................... 242 344,675 334,803 8,559 1,209 104 97.1 2.5 .4 .0

C a lifo rn ia .................................................................... 186 8,591,891 8,308,576 226,442 48,148 8,725 96.7 2.6 .6 .1

C o lo ra d o ..................................................................... 203 550,757 530,399 17,109 2,761 488 96.3 3.1 .5 .1

C o n n e cticu t............................................................... 60 900,642 883,953 15,072 1,415 202 98.1 1.7 .2 .0

D elaw are.................................................................... 20 180,812 176,851 3,511 423 27 97.8 1.9 .2 .0

D istrict of C o lu m b ia ............................................... 15 312,606 303,088 7,563 1,591 364 97.0 2.4 .5 .1

F lo rid a ......................................................................... 415 1,251,265 1,209,347 35,976 5,151 791 96.6 2.9 .4 .1

G eorgia........................................................................ 380 855,269 840,072 12,813 2,014 370 98.2 1.5 .2 .0

106 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ........................................................................... 24 217,716 210,926

Illin o is .......................................................................... 1,021 4,253,674 4,081,661

In d ia n a ....................................................................... 425 1,899,857 1,864,940

659 1,201,484 1,181,722

K a nsas........................................................................ 593 596,875 578,702

K e n tu c k y .................................................................... 341 557,940 544,434

L ou isia n a .................................................................... 208 1,018,744 999,924

M a in e .......................................................................... 40 419,906 414,413

M a ryla n d .................................................................... 120 1,011,827 991,965

M a ssa ch u se tts........................................................ 154 1,289,180 1,274,622

M ich ig a n ..................................................................... 358 4,080,159 3,969,873

M in n e so ta .................................................................. 713 1,778,475 1,750,532

M ississip p i................................................................. 194 384,021 374,571

M is s o u ri...................................................................... 632 1,499,011 1,462,010

M o n ta n a ..................................................................... 127 261,496 254,089

N e b ra s k a ................................................................... 425 418,270 410,539

N e va d a ........................................................................ 8 188,462 183,285

New H a m p s h ire ...................................................... 70 226,437 222,648

New J e rs e y ................................................................ 233 3,389,560 3,313,190

New M e xico ............................................................... 63 224,219 218,418

New Y o rk ................................................................... 326 6,924,033 6,703,496

N o rth C a ro lin a ......................................................... 151 994,056 975,831

N o rth D a ko ta ........................................................... 159 212,971 207,210

O h io .............................................................................. 547 4,552,535 4,450,037

O kla h o m a .................................................................. 413 485,014 466,563

O re g o n ........................................................................ 49 757,134 734,288

P e nnsylvania............................................................ 589 5,029,085 4,912,028

R h o d e -lsla n d ............................................................ 8 345,782 337,299

South C a ro lin a ......................................................... 130 287,340 283,928

South D a ko ta ........................................................... 172 249,145 243,876

T e n nessee................................................................. 290 990,494 957,990

T e xa s........................................................................... 1,113 2,015,662 1,936,291

U ta h ............................................................................. 53 384,212 373,654

V e rm o n t...................................................................... 48 278,712 273,173

V irg in ia ........................................................................ 278 1,396,264 1,364,419

W a sh in g to n ............................................................... 95 1,054,529 1,027,916

W est V irg in ia ............................................................. 183 535,607 524,758

W isco n sin ................................................................... 575 2,192,737 2,156,274

W yo m in g .................................................................... 68 108,173 103,661

A la ska .......................................................................... 10 64,717 63,143

H a w aii.......................................................................... 7 327,468 322,974

6,009 709 72 96.9 2.8 .3 .0

148,674 19,941 3,398 96.0 3.5 .5 .1

31,262 3,341 314 98.2 1.6 .2 .0

17,925 1,721 116 98.4 1.5 .1 .0

15,948 2,025 200 97.0 2.7 .3 .0

11,854 1,532 120 97.6 2.1 .3 .0

15,881 2,569 370 98.2 1.6 .3 .0

5,039 425 29 98.7 1.2 .1 .0

17,830 1,825 207 98.0 1.8 .2 .0

11,316 2,361 881 98.9 .9 .2 .1

96,811 11,774 1,701 97.3 2.4 .3 .0

24,212 3,187 544 98.4 1.4 .2 .0

7,736 1,572 142 97.5 2.0 .4 .0

31,266 5,042 693 97.5 2.1 .3 .0

6,456 887 64 97.2 2.5 .3 .0

6,558 1,070 103 98.2 1.6 .3 .0

4,257 787 133 97.3 2.3 .4 .1

3,421 330 38 98.3 1.5 .1 .0

70,446 5,441 483 97.7 2.1 .2 .0

4,917 788 96 97.4 2.2 .4 .0

177,681 32,763 10,093 96.8 2.6 .5 .1

15,417 2,440 368 98.2 1.6 .2 .0

5,155 575 31 97.3 2.4 .3 .0

90,644 10,414 1,440 97.7 2.0 .2 .0

15,606 2,299 546 96.2 3.2 .5 .1

19,759 2,737 350 97.0 2.6 .4 .0

103,179 11,705 2,173 97.7 2.1 .2 .0

7,181 1,068 234 97.5 2.1 .3 .1

2,947 388 77 98.8 1.0 .1 .0

4,747 489 33 97.9 1.9 .2 .0

27,608 4,276 620 96.7 2.8 .4 .1

63,902 12,264 3,205 96.1 3.2 .6 .2

9,312 1,091 155 97.3 2.4 .3 .0

5,134 383 22 98.0 1.8 .1 .0

27,941 3,525 379 97.7 2.0 .3 .0

23,013 3,159 441 97.5 2.2 .3 .0

9,721 1,073 55 98.0 1.8 .2 .0

32,664 3,511 288 98.3 1.5 .2 .0

3,827 609 76 95.8 3.5 .6 .1

1,326 210 38 97.6 2.0 .3 .1

3,527 797 170 98.6 1.1 .2 .1

ACCOUNTS OF INSURED COMMERCIAL BANKS 107

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 28. DISTRIBUTION OF DEMAND ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING TO SIZE

OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY AM OUNT OF DEPOSITS

N u m be r o f accou nts P e rcen t o f to ta l a ccou nts

Size g ro u p

N u m b e r 

o f banks Total

$10 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

13,468 69,986,658 68,449,173 954,135 455,982 127,368 97.8% 1.4% .7% .2%

Banks with total deposits of—

14 2,798 2,783 10 5 0 99.5 .4 .2 .0

$ 2 5 0 0 0 0 to $ 5 0 0 0 0 0 ........................ 88 30,590 30,345 215 30 0 99.2 .7 .1 .0

$ 5 0 0 0 0 0 to $1 0 0 0 ,0 0 0 ................................... 591 361,885 359,001 2,454 409 21 99.2 .7 .1 .0

$1 0 0 0 0 0 0 to $2 0 0 0 0 0 0 ................ 2,075 2,014,881 1,995,818 15,715 3,150 198 99.1 .8 .2 .0

$2 0 0 0 0 0 0 to $5 0 0 0 ,0 0 0 ........................ 4,402 7,575,183 7,483,541 71,505 18,416 1,721 98.8 .9 .2 .0

$5 0 0 0 0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 .................................. 2,908 9,127,370 9,001,381 92,746 29,619 3,624 98.6 1.0 .3 .0

$ 1 0 0 0 0 0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ............................... 2,105 11,984,890 11,785,974 136,726 53,437 8,753 98.3 1.1 .4 .1

$ 2 5 0 0 0 0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ........................ 629 6,503,983 6,369,391 86,721 39,727 8,144 97.9 1.3 .6 .1

$ 5 0 0 0 0 0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ........................ 301 4,973,736 4,849,713 76,213 38,747 9,063 97.5 1.5 .8 .2

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 .......................... 198 6,438,742 6,266,817 100,880 55,740 15,305 97.3 1.6 .9 .2

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ..........................

$ 5 0 0 0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ......................

82

41

5,158,488

4,247,497

5,004,564

4,114,579

86,553

73,287

50,931

43,447

16,440

16,184

97.0

96.9

1.7

1.7

1.0

1.0

.3

.4

$1 0 0 0 0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 .................. 20 3,273,172 3,161,382 61,486 36,727 13,577 96.6 1.9 1.1 .4

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 o r m o re ........................................ 14 8,293,443 8,023,884 149,624 85,597 34,338 96.7 1.8 1.0 .4

100.0%

.0

100.0%

.0

100.0%

.0

100.0%

.0

100.0%

Banks with total deposits of—

i acc thsn RH nnn .0

O K n nnn +r* CPinn nnn o .0 .0 .0 .0

ic o n nnn +r* t i nnn nnn ’.5

2.9 

10.8

13.0

17.1

9.3

7.1

9.2

7.4 

6.1 

4.7

11.9

.5 .3 .1 .0

c 1 nnn nnn co nnn nnn 2.9 1.6 .7 .2

co nnn nnn nnn nnn 10.9 7.5 4.0 1.4

n n n n n n tn t i n nnn nnn 13.2

17.2 

9.3 

7 1

9.7 6.5 2.8

ci n nnn nnn cor nnn nnn 14.3 11.7 6.9

cok n n n n n n fn i ^ n nnn nnn 9.1 8.7 6.4

Je n n n n n n n tn i i nn n n n n n n 8.0 8.5 7.1

c i n n n n n n n n tA c o ^ n n n n n n n 9.2

7.3 

6 0

10.6 12.2 12.0

to K n n n n n n n tn tRnn nnn nnn 9.1 11.2 12.9

tc n n n n n n n n +r* i i n n n n n n n n n 7.7 9.5 12.7

ci n n n n n n nnn tn to cnn nnn nnn 4.6

11.7

%pl 6.4 8.1 10.7 fUUUfUUU,UUU TO f^ .fOUUrUUU,UUU..................

co c ah n n n n n n ak maka 15.7 18.8 27.0

108 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 29. DISTRIBUTION OF SAVINGS AND TIME ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING

TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group Number 

of banks

Number of accounts

Total

$10,000 

or less

$10,000

to

$25,000

$25,000

to $100,000

More

than

$ 100,000

Percent of total accounts

$10,000 

or less

$10,000

to

$25,000

$25,000

to $100,000

More

than

$ 100,000

Savings and time accounts—total

Banks with total deposits of—

Less than $250 ,0 0 0.......................

$250,000 to $50 0 ,0 0 0 ..................

$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 $25,000,000 .... 

$25,000,000 to $ 5 0 ,00 0 ,0 0 0.... 

$50,000,000 to $100,000,000. . 

$100,000,000 to $250,000,000.

$250,000,000 to $500,0 0 0 ,0 00.......

$500,000,000 to $1,000,000,000 ... 

$1,000,000,000 to $2,500,000,000. 

$2,500,000,000 or m ore....................

13,468

14

88

591

2,075

4,402

2,908

2,105

629

301

198

Percent of total....................................

Banks with total deposits of—

Less than $250 ,0 0 0 ........................

$250,000 to $50 0 ,0 0 0 ...................

$500,000 to $ 1,000,000...............

$1,000,000 to $2,0 00 ,0 0 0...........

$2,000,000 to $5,0 00 ,0 0 0...........

$5,000,000 to $10,00 0 ,0 0 0.......

$10,000,000 to $25 ,00 0 ,0 0 0......

$25,000,000 to $50 ,00 0 ,0 0 0......

$50,000,000 to $100,000,000. . 

$100,000,000 to $250,000,000.

$250,000,000 to $ 500,000,000.......

$500,000,000 to $1,000,000,000 .. 

$1,000,000,000 to $2,500,000,000. 

$2,500,000,000 or m ore....................

68,631,261

1,376

6,171

104,262

843,327

4,436,517

6,644,773

10,714,547

6,988,661

5,855,790

7,620,326

6,063,349

4,790,693

4,002,688

10,558,781

100. 0%

.0

.0

.2

1.2

6.5

9.7

15.6

10.2

8.5 

11.1

7.0

5.8

15.4

66,807,568

1,372

6,101

102,890

829,373

4,347,620

6,506,925

10,479,965

6,832,653

5,700,721

7,422,717

5,898,839

4,655,595

3,848,042

10,174,755

100.0%

.0

.0

.2

1.2

6.5

9.7

15.7 

10.2

8.5 

11.1

7.0

5.8

15.2

1,

4

64

1,264

13,048

81,659

124,708

209,345

136,896

135,445

169,856

137,369

111,744

125,844

302,814

100.0%

.0

.0

.1

.8

5.3

8.0

13.5 

8.8 

8.7 

11.0

8.9

7.2

8.1

19.5

231,254

0

6

105

873

6,909

12,350

23,190

17,150

17,343

23,946

22,131

18,875

22,854

65,522

100.0%

.0

.0

.0

.4

3.0

5.3 

10.0

7.4

7.5 

10.4

9.6

8.2

9.9

28.3

42,379

0

0

3

33

329

790

2,047

1,962

2,281

3,807

5,010

4,479

5,948

15,690

100.0%

.0

.0

.0

.1

1.9

4.8 

4.6 

5.4 

9.0

11.8 

10.6

14.0

37.0

97.3'

99.7

98.9

98.7

98.3

98.0

97.9

97.8

97.8

97.4

97.4

97.3 

97.2

96.1

96.4

2.3

.3

1.0

1.2

1.5

1.8

1.9

2.0

2.0

2.3 

2.2

2.3

2.3 

3.1

2.9

.3% • 1%

ACCOUNTS OF INSURED COMMERCIAL BANKS 109

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 30. DISTRIBUTION OF DEPOSITS ACCORDING TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D is tric t and S tate N u m b e r 

o f banks

D eposits (in th o u sa n d s) in accou nts of

P e rcen t o f to ta l dep osits 

in accou nts o f—

Total

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

More

than

$ 1 0 0 ,0 0 0

Total United States.................................................. 13,468 $295,377,500 $109,272,373 $37,616,613 $38,684,460 $109,804,054 37.0% 12.7% 13.1% 37.2%

50 States and D. C................................................ 13,460 294,702,470 108,971,617 37,541,730 38,605,788 109,583,335 37.0 12.7 13.1 37.2

Other Areas............................................................. 8 675,030 300,756 74,882 78,672 220,719 44.6 11.1 11.7 32.7

FDIC District

D is tric t 1 ..................................................................... 380 12,552,505 4,417,378 1,501,428 1,764,374 4,869,325 35.2 12.0 14.1 38.8

D is tric t 2 ...................................................................... 587 64,818,219 16,095,173 6,287,650 7,321,055 35,114,341 24.8 9.7 11.3 54.2

D istrict 3 ..................................................................... 1,136 31,998,353 13,151,334 4,261,552 3,827,693 10,757,773' 41.1 13.3 12.0 33.6

D istrict 4 ..................................................................... 877 16,635,155 7,120,965 2,194,331 2,301,435 5,018,424 42.8 13.2 13.8 30.2

D istrict 5 ..................................................................... 1,241 15,233,770 6,341,660 2,103,281 2,348,782 4,440,047 41.6 13.8 15.4 29.1

D is tric t 6 ..................................................................... 1,505 17,272,829 7,265,252 2,235,582 2,409,573 5,362,423 42.1 12.9 14.0 31.0

D istrict 7 ..................................................................... 1,358 24,194,084 11,577,628 3,397,908 2,963,974 6,254,573 47.9 14.0 12.3 25.9

D istrict 8 ..................................................................... 1,680 27,261,713 10,238,715 3,707,523 3,384,628 9,930,847 37.6 13.6 12.4 36.4

D istrict 9 ..................................................................... 1,171 8,560,892 4,373,410 1,092,435 1,026,450 2,068,597 51.1 12.8 12.0 24.2

D is tric t 1 0 .................................................................. 1,702 11,956,734 5,121,557 1,721,738 1,761,667 3,351,771 42.8 14.4 14.7 28.0

D istrict 1 1 .................................................................. 1,399 22,085,135 7,486,928 2,916,201 3,519,275 8,162,731 33.9 13.2 15.9 37.0

D istrict 1 2 .................................................................. 432 42,808,111 16,082,372 6,196,983 6,055,555 14,473,201 37.6 14.5 14.1 33.8

State

A la b a m a ..................................................................... 252 2,870,411 1,270,199 420,113 436,322 743,777 44.3 14.6 15.2 25.9

A riz o n a ........................................................................ 15 1,886,435 749,061 307,347 265,441 564,586 39.7 16.3 14.1 29.9

A rk a n s a s .................................................................... 242 1,926,401 916,931 284,453 303,252 421,765 47.6 14.8 15.7 21.9

C a lifo rn ia .................................................................... 186 32,746,215 11,789,055 4,682,631 4,658,249 11,616,280 36.0 14.3 14.2 35.5

C o lo ra d o ..................................................................... 203 2,715,186 1,030,454 414,253 429,768 840,711 38.0 15.3 15.8 31.0

C o n n e c tic u t............................................................... 60 3,071,127 1,222,976 432,901 425,084 990,165 39.8 14.1 13.8 32.2

D e law are.................................................................... 20 784,207 270,899 103,112 104,818 305,379 34.5 13.1 13.4 38.9

D istrict of C o lu m b ia ............................................... 15 2,021,564 612,168 230,381 297,072 881,943 30.3 11.4 14.7 43.6

F lo rid a ......................................................................... 415 6,535,875 2,660,403 959,298 1,001,140 1,915,034 40.7 14.7 15.3 29.3

G eorgia........................................................................ 380 3,960,795 1,557,054 456,989 586,415 1,360,337 39.3 11.5 14.8 34.3

110 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ........................................................................... 24 805,773 413,722 145,220 113,661 133,170 51.3 18.0 14.1 16.5

Illin o is .......................................................................... 1,021 23,138,104 7,942,273 3,159,009 2,886,824 9,149,999 34.3 13.7 12.5 39.5

In d ia n a ........................................................................ 425 6,115,173 2,901,535 788,202 738,207 1,687,229 47.4 12.9 12.1 27.6

Io w a ............................................................................. 659 4,123,609 2,296,442 548,514 497,805 780,848 55.7 13.3 12.1 18.9

K a nsas........................................................................ 593 3,084,838 1,508,228 477,105 443,390 656,115 48.9 15.5 14.4 21.3

K e n tu c k y .................................................................... 341 2,862,345 1,351,103 386,425 404,167 720,651 47.2 13.5 14.1 25.2

Lo u isia n a .................................................................... 208 3,725,601 1,330,438 505,557 603,639 1,285,967 35.7 13.6 16.2 34.5

M a in e ........................................................................... 40 778,577 419,354 121,768 102,676 134,779 53.9 15.6 13.2 17.3

M a ry la n d .................................................................... 120 3,206,241 1,362,832 442,575 418,185 982,649 42.5 13.8 13.0 30.6

M a ssa ch u se tts........................................................ 154 6,516,971 1,750,804 606,714 943,985 3,215,469 26.9 9.3 14.5 49.3

M ic h ig a n ..................................................................... 358 12,269,872 5,570,646 1,846,685 1,542,621 3,309,921 45.4 15.1 12.6 27.0

M in n e so ta .................................................................. 713 5,568,232 2,651,940 617,755 649,234 1,649,304 47.6 11.1 11.7 29.6

M ississip p i................................................................. 194 1,866,689 854,004 266,881 324,905 420,899 45.7 14.3 17.4 22.5

M is s o u ri...................................................................... 632 7,784,065 3,201,363 938,556 1,062,087 2,582,060 41.1 12.1 13.6 33.2

M o n ta n a ..................................................................... 127 1,038,908 540,055 178,145 152,387 168,320 52.0 17.1 14.7 16.2

N e b ra s k a ................................................................... 425 2,254,587 1,076,499 296,464 316,537 565,086 47.7 13.1 14.0 25.1

N e vada........................................................................ 8 651,433 233,296 100,505 104,190 213,442 35.8 15.4 16.0 32.8

New H a m p s h ire ...................................................... 70 545,219 260,563 87,685 81,263 115,708 47.8 16.1 14.9 21.2

New J e rs e y ................................................................ 233 9,269,479 4,520,864 1,488,590 1,147,103 2,112,923 48.8 16.1 12.4 22.8

New M e xico ............................................................... 63 912,205 392,089 140,304 163,739 216,073 43.0 15.4 17.9 23.7

New Y o rk ................................................................... 326 54,089,502 11,002,654 4,621,066 5,990,462 32,475,321 20.3 8.5 11.1 60.0

N o rth C a ro lin a ......................................................... 151 3,984,736 1,546,035 469,863 582,244 1,386,594 38.8 11.8 14.6 34.8

N o rth D a ko ta ............................................................ 159 924,177 571,855 144,564 108,478 99,280 61.9 15.6 11.7 10.7

O h io .............................................................................. 547 13,702,051 5,844,187 1,920,293 1,679,891 4,257,680 42.7 14.0 12.3 31.1

O k la h o m a .................................................................. 413 3,354,808 1,277,342 439,562 477,773 1,160,132 38.1 13.1 14.2 34.6

O re g o n ........................................................................ 49 2,660,011 1,143,863 429,692 380,380 706,077 43.0 16.2 14.3 26.5

P e nnsylvania............................................................ 589 18,296,302 7,307,147 2,341,259 2,147,802 6,500,094 39.9 12.8 11.7 35.5

Rhode Is la n d ............................................................ 8 1,121,805 445,685 155,372 156,977 363,771 39.7 13.9 14.0 32.4

South C a ro lin a ......................................................... 130 1,329,594 582,274 166,881 215,448 364,991 43.8 12.6 16.2 27.5

South D a ko ta ........................................................... 172 1,029,575 609,560 151,971 116,351 151,692 59.2 14.8 11.3 14.7

T e n n e sse e ................................................................. 290 4,700,017 1,795,855 626,148 640,068 1,637,947 38.2 13.3 13.6 34.8

T e xa s........................................................................... 1,113 15,560,893 5,015,340 1,962,993 2,486,455 6,096,104 32.2 12.6 16.0 39.2

U ta h ............................................................................. 53 1,235,445 521,403 185,949 164,529 363,564 42.2 15.1 13.3 29.4

V e rm o n t...................................................................... 48 518,806 317,995 96,988 54,389 49,434 61.3 18.7 10.5 9.5

V irg in ia ........................................................................ 278 4,470,288 2,175,699 652,346 583,660 1,058,583 48.7 14.6 13.1 23.7

W a sh in g to n ............................................................... 95 3,492,467 1,537,738 513,335 459,515 981,878 44.0 14.7 13.2 28.1

W est V irg in ia ............................................................. 183 1,622,732 841,955 232,285 204,826 343,665 51.9 14.3 12.6 21.2

W isco n sin ................................................................... 575 5,809,038 3,105,447 763,022 683,146 1,257,423 53.5 13.1 11.8 21.6

W yo m in g ..................................................................... 68 547,315 229,033 94,355 94,200 129,727 41.8 17.2 17.2 23.7

A la s k a .......................................................................... 10 330,524 118,769 47,886 57,663 106,206 35.9 14.5 17.4 32.1

H a w a ii.......................................................................... 7 886,243 324,526 91,764 117,368 352,585 36.6 10.4 13.2 39.8

DEPOSITS IN INSURED COMMERCIAL BANKS 111

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 31. DISTRIBUTION OF DEPOSITS ACCORDING TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

B A N K S G ROUPED BY AM O U NT OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED, CLASS, AND PERCENT 

OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

C lassifica tion N u m b e r 

o f banks

Deposits (in th o u sa n d s) in accou nts ofP e rcen t o f to ta l dep osits 

in accou nts o f—

Total

$ 10 ,000 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

All insured commercial banks.............................. 13,468 $295,377,500 $109,272,373 $37,616,613 $38,684,460 $109,804,054 37.0% 12.7% 13.1% 37.2%

Banks with total deposits of—

Less th a n $ 2 5 0 ,0 0 0 .............................................. 14 2,276 1,729 358 188 0 76.0 15.7 8.3 .0

$ 2 5 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ......................................... 88 36,368 26,682 5,449 3,244 992 73.4 15.0 8.9 2.7

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ..................................... 591 464,068 335,239 68,634 49,858 10,337 72.2 14.8 10.7 2.2

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ................................. 2,075 3,122,981 2,178,081 482,951 343,083 118,866 69.7 15.5 11.0 3.8

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ................................. 4,402 14,750,296 9,452,276 2,394,168 1,849,505 1,054,347 64.1 16.2 12.5 7.1

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 .............................. 2,908 20,516,364 12,196,922 3,280,994 2,698,174 2,340,273 59.4 16.0 13.2 11.4

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ........................... 2,105 32,303,401 17,298,292 5,123,139 4,344,125 5,537,845 53.5 15.9 13.4 17.1

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ........................... 629 21,890,110 10,371,705 3,310,926 3,126,303 5,081,177 47.4 15.1 14.3 23.2

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ........................ 301 20,907,435 8,811,575 3,121,429 3,044,688 5,929,744 42.1 14.9 14.6 28.4

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ...................... 198 29,817,313 10,979,474 4,042,886 4,353,720 10,441,233 36.8 13.6 14.6 35.0

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ...................... 82 28,831,979 8,745,401 3,362,785 4,028,913 12,694,879 30.3 11.7 14.0 44.0

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 .................. 41 26,637,729 7,268,657 2,825,824 3,521,344 13,021,904 27.3 10.6 13.2 48.9

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 .............. 20 25,727,923 6,324,856 2,840,480 3,342,557 13,220,030 24.6 11.0 13.0 51.4

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 o r m o re ..................................... 14 70,369,258 15,281,484 6,756,589 7,978,759 40,352,426 21.7 9.6 11.3 57.3

Banks in centers with population in 1960

of—

Less th a n 2 5 0 .......................................................... 522 961,362 586,670 130,523 89,388 154,781 61.0 13.6 9.3 16.1

2 5 0 to 5 0 0 ................................................................. 1,142 2,147,839 1,502,311 345,688 205,750 94,090 69.9 16.1 9.6 4.4

5 00 to 1 ,0 0 0 ............................................................. 1,851 4,737,798 3,193,797 782,037 504,698 257,266 67.4 16.5 10.7 5.4

1,000 to 2 ,5 0 0 ......................................................... 2,738 11,168,416 7,167,564 1,860,264 1,321,261 819,327 64.2 16.7 11.8 7.3

2 ,5 0 0 to 5 ,0 0 0 ......................................................... 1,734 10,926,707 6,574,659 1,794,990 1,412,346 1,144,711 60.2 16.4 12.9 10.5

5 ,0 0 0 to 1 0 ,0 0 0 ...................................................... 1,576 15,170,734 8,505,233 2,451,590 1,996,883 2,217,029 56.1 16.2 13.2 14.6

1 0,0 0 0 to 2 5 ,0 0 0 ................................................... 1,447 22,081,795 11,452,688 3,430,710 3,007,867 4,190,530 51.9 15.5 13.6 19.0

2 5 ,0 0 0 to 5 0 ,0 0 0 ................................................... 782 19,202,361 9,049,054 2,867,681 2,668,927 4,616,700 47.1 14.9 13.9 24.0

5 0 ,0 0 0 to 1 0 0 ,0 0 0 ................................................. 517 20,498,515 9,120,293 2,905,795 2,951,572 5,520,855 44.5 14.2 14.4 26.9

1 0 0 ,0 0 0 to 2 5 0 ,0 0 0 .............................................. 397 28,152,700 10,459,197 3,660,798 3,964,168 10,068,536 37.2 13.0 14.1 35.8

2 5 0 ,0 0 0 to 5 0 0 ,0 0 0 .............................................. 329 28,669,924 9,148,515 3,466,182 4,090,578 11,964,649 31.9 12.1 14.3 41.7

5 0 0 ,0 0 0 to 1 ,0 0 0 ,0 0 0 .......................................... 272 55,824,277 17,516,049 6,961,558 7,516,155 23,830,515 31.4 12.5 13.5 42.7

1 ,00 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ...................................... 44 19,807,808 6,151,981 2,441,149 2,741,761 8,472,918 31.1 12.3 13.8 42.8

2 ,5 0 0 ,0 0 0 or m o re ................................................. 117 56,027,264 8,844,364 4,517,647 6,213,107 36,452,147 15.8 8.1 11.1 65.1

112 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Class of bank

N a tio n a l...................................................................... 4,755 163,561,646 58,371,192 21,058,412 21,941,203 62,190,839 35.7 12.9 13.4 38.0

S tate, m e m b e rs F. R. S y s te m .......................... 1,459 82,205,481 23,560,707 8,976,357 10,236,380 39,432,037 28.7 10.9 12.5 48.0

S tate, n o t m e m b e rs F. R. S y s te m .................. 7,254 49,610,372 27,340,474 7,581,844 6,506,877 8,181,178 55.1 15.3 13.1 16.5

Banks with percent of deposits insured

of—

100 p e rc e n t.............................................................. 5 876 876 0 0 0 100.0 .0 .0 .0

9 0 to 1 0 0 .................................................................... 1,325 2,911,345 2,357,284 400,186 142,652 11,223 81.0 13.7 4.9 .4

8 0 to 9 0 ...................................................................... 4,323 19,913,470 13,841,566 3,301,871 1,911,930 858,102 69.5 16.6 9.6 4.3

70 to 8 0 ...................................................................... 4,025 35,717,369 21,196,613 6,109,520 4,458,850 3,952,386 59.3 17.1 12.5 11.1

6 0 to 7 0 ...................................................................... 2,129 37,823,062 18,872,420 6,089,739 5,414,699 7,446,204 49.9 16.1 14.3 19.7

50 to 6 0 ...................................................................... 1,001 58,574,876 23,696,175 8,558,955 8,411,915 17,907,832 40.5 14.6 14.4 30.6

4 0 to 5 0 ...................................................................... 389 39,383,261 12,768,624 5,046,413 5,919,613 15,648,610 32.4 12.8 15.0 39.7

3 0 to 4 0 ...................................................................... 172 28,055,204 6,853,979 2,928,106 4,088,448 14,184,671 24.4 10.4 14.6 50.6

20 to 3 0 ...................................................................... 79 44,576,015 7,041,318 3,619,305 5,492,785 28,422,606 15.8 8.1 12.3 63.8

10 to 2 0 ...................................................................... 16 24,516,464 2,558,666 1,482,712 2,592,205 17,882,880 10.4 6.0 10.6 72.9

0 to 1 0 ........................................................................ 4 3,905,559 84,850 79,806 251,363 3,489,541 2.2 2.0 6.4 89.3

Type of account

D em and (IP C )1........................................................ 13,468 123,633,441 44,806,422 14,492,270 20,944,392 43,390,356 36.2 11.7 16.9 35.1

Savings and tim e (IP C )1...................................... 13,468 110,969,246 60,203,149 20,645,347 10,246,393 19,874,357 54.3 18.6 9.2 17.9

U. S. G o v e rn m e n t................................................... 13,468 7,388,016 105,893 90,160 315,939 6,876,024 1.4 1.2 4.3 93.1

S tate and p olitical s u b d iv is io n s ........................ 13,468 20,519,375 664,146 839,611 2,990,908 16,024,710 3.2 4.1 14.6 78.1

In te rb a n k ................................................................... 13,468 18,288,126 165,482 380,329 1,867,392 15,874,923 .9 2.1 10.2 86.8

U ninvested tru s t fu n d s ........................................ 13,468 4,690,350 1,061,941 548,621 925,823 2,153,965 22.6 11.7 19.7 45*9

D ra fts ........................................................................... 13,468 3,162,889 326,600 253,154 838,594 1,744,542 10.3 8.0 26.5 55.2

O ther ite m s ............................................................... 13,468 6,725,987 1,938,709 367,103 555,004 3,865,171 28.8 5.5 8.3 57.5

1 IPC refers to individuals, partnerships, and corporations.

DEPOSITS IN INSURED COMMERCIAL BANKS 113

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 32. DISTRIBUTION OF DEMAND DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING TO SIZE OF

ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D is tric t and S tate N u m b e r 

o f banks

D eposits (in th o u sa n d s) in a ccou nts o f

P ercent o f to ta l dep osits 

in accou nts o f—

Total $ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

Total United States................................................... 13,468 $123,633,441 $44,806,422 $14,492,270 $20,944,392 $43,390,356 36.2% 11.7% 16.9% 35.1%

50 States and D. C................................................. 13,460 123,454,066 44,738,764 14,466,528 20,905,128 43,343,647 36.2 11.7 16.9 35.1

Other Areas............................................................. 8 179,375 67,659 25,743 39,265 46,709 37.7 14.4 21.9 26.0

FDIC District

D istrict 1 ..................................................................... 380 6,155,212 1,967,154 766,665 1,199,710 2,221,683 32.0 12.5 19.5 36.1

D istrict 2 ..................................................................... 587 26,253,192 5,861,144 2,455,429 4,308,140 13,628,479 22.3 9.4 16.4 51.9

D istrict 3 ..................................................................... 1,136 12,809,510 4,409,855 1,449,781 2,215,352 4,734,522 34.4 11.3 17.3 37.0

D istrict 4 ..................................................................... 877 7,958,078 3,341,058 996,970 1,411,888 2,208,163 42.0 12.5 17.7 27.7

D istrict 5 ..................................................................... 1,241 7,066,094 3,165,039 952,673 1,261,875 1,686,507 44.8 13.5 17.9 23.9

D istrict 6 ..................................................................... 1,505 7,699,194 3,481,642 967,448 1,254,173 1,995,932 45.2 12.6 16.3 25.9

D istrict 7 ..................................................................... 1,358 8,674,075 3,506,574 1,057,703 1,536,895 2,572,904 40.4 12.2 17.7 29.7

D istrict 8 ..................................................................... 1,680 11,125,719 3,904,990 1,284,803 1,760,599 4,175,327 35.1 11.5 15.8 37.5

D istrict 9 ..................................................................... 1,171 3,398,912 1,697,921 442,900 494,735 763,356 50.0 13.0 14.6 22.5

D istrict 1 0 .................................................................. 1,702 5,702,655 2,812,272 796,623 884,291 1,209,469 49.3 14.0 15.5 21.2

D istrict 1 1 .................................................................. 1,399 10,088,154 4,125,554 1,355,062 1,820,699 2,786,839 40.9 13.4 18.0 27.6

D is tric t 1 2 .................................................................. 432 16,702,645 6,533,219 1,966,214 2,796,036 5,407,176 39.1 11.8 16.7 32.4

State

A la b a m a ..................................................................... 252 1,301,439 604,300 168,840 230,280 298,019 46.4 13.0 17.7 22.9

A riz o n a ........................................................................ 15 731,311 325,106 95,509 128,733 181,963 44.5 13.1 17.6 24.9

A rk a n s a s .................................................................... 242 937,234 485,730 141,253 160,627 149,624 51.8 15.1 17.1 16.0

C a lifo rn ia .................................................................... 186 12,523,401 4,680,634 1,431,151 2,056,084 4,355,532 37.4 11.4 16.4 34.8

C o lo ra d o ..................................................................... 203 1,223,152 519,622 159,665 208,575 335,290 42.5 13.1 17.1 27.4

C o n n e c tic u t............................................................... 60 1,567,185 537,452 207,051 298,788 523,895 34.3 13.2 19.1 33.4

D e law are.................................................................... 20 409,008 138,605 48,232 71,008 151,163 33.9 11.8 17.4 37.0

D istrict of C o lu m b ia ............................................... 15 1,154,806 322,695 119,816 207,665 504,630 27.9 10.4 18.0 43.7

F lo rid a ......................................................................... 415 2,995,642 1,345,455 426,512 545,835 677,840 44.9 14.2 18.2 22.6

G eorgia........................................................................ 380 1,924,960 779,947 230,793 327,118 587,102 40.5 12.0 17.0 30.5

114 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ............................................................................ 24 381,241 203,438

Illin o is .......................................................................... 1,021 9,268,338 2,844,896

In d ia n a ........................................................................ 425 2,648,359 1,194,866

659 1,857,381 1,060,094

K a nsas......................................................................... 593 1,448,992 827,889

K e n tu c k y .................................................................... 341 1,449,669 742,247

Lo u isia n a .................................................................... 208 1,683,158 669,698

M a in e ........................................................................... 40 325,033 149,070

M a ry la n d ..................................................................... 120 1,506,957 588,315

M a ssa ch u se tts......................................................... 154 3,474,778 974,847

M ic h ig a n ..................................................................... 358 3,824,680 1,393,701

M in n e so ta .................................................................. 713 2,058,817 898,479

M is s is s ip p i....................................................... . ........ 194 844,053 435,338

M is s o u ri...................................................................... 632 3,557,142 1,483,211

M o n ta n a ...................................................................... 127 469,727 249,268

N e b ra ska .................................................................... 425 1,174,752 625,086

N e vada........................................................................ 8 285,998 105,735

New H a m p s h ire ...................................................... 70 236,089 108,196

New J e rs e y ................................................................ 233 3,696,924 1,429,639

New M e xico ............................................................... 63 421,875 216,298

New Y o rk .................................................................... 326 21,967,886 4,225,241

N o rth C a ro lin a ......................................................... 151 1,889,865 781,005

N o rth D a k o ta ............................................................ 159 429,227 267,726

O h io .............................................................................. 547 5,563,519 1,909,110

O kla h o m a ................................................................... 413 1,632,306 723,762

O re g o n ......................................................................... 49 1,076,571 494,285

P e nnsylvania............................................................. 589 7,245,991 2,500,745

Rhode Is la n d ............................................................ 8 402,604 118,372

South C a ro lin a ......................................................... 130 810,149 381,123

South D a ko ta ............................................................ 172 441,140 282,449

Te n n e sse e ................................................................. 290 1,755,149 770,454

T e xa s............................................................................ 1,113 7,251,811 2,914,453

U ta h .............................................................................. 53 475,288 198,461

V e rm o n t...................................................................... 48 149,522 79,216

V irg in ia ........................................................................ 278 1,891,744 893,664

W a sh in g to n ............................................................... 95 1,520,555 676,018

W est V irg in ia ............................................................. 183 704,557 374,257

W isco n sin ................................................................... 575 2,201,036 918,007

W yo m in g ..................................................................... 68 223,453 115,913

A la ska .......................................................................... 10 132,311 60,314

H a w aii.................................................................. 7 307,279 114,334

57,345 62,868 57,591 53.4 15.0 16.5 15.1

1,021,419 1,511,606 3,890,417 30.7 11.0 16.3 42.0

330,891 443,104 679,498 45.1 12.5 16.7 25.7

263,384 248,993 284,909 57.1 14.2 13.4 15.3

222,177 217,286 181,640 57.1 15.3 15.0 12.5

188,157 219,872 299,393 51.2 13.0 15.2 20.7

243,057 338,004 432,398 39.8 14.4 20.1 25.7

47,855 62,516 65,592 45.9 14.7 19.2 20.2

190,407 279,744 448,492 39.0 12.6 18.6 29.8

401,698 674,577 1,423,656 28.1 11.6 19.4 41.0

457,069 711,454 1,262,456 36.4 12.0 18.6 33.0

227,503 313,687 619,148 43.6 11.1 15.2 30.1

126,527 158,642 123,546 51.6 15.0 18.8 14.6

429,886 569,222 1,074,823 41.7 12.1 16.0 30.2

80,244 76,666 63,549 53.1 17.1 16.3 13.5

178,102 170,178 201,385 53.2 15.2 14.5 17.1

38,862 59,995 81,406 37.0 13.6 21.0 28.5

35,771 48,757 43,365 45.8 15.2 20.7 18.4

513,519 744,405 1,009,361 38.7 13.9 20.1 27.3

65,298 81,425 58,853 51.3 15.5 19.3 14.0

1,867,935 3,453,463 12,421,247 19.2 8.5 15.7 56.5

233,909 338,838 536,114 41.3 12.4 17.9 28.4

65,150 54,385 41,967 62.4 15.2 12.7 9.8

626,114 964,272 2,064,023 34.3 11.3 17.3 37.1

199,075 248,455 461,014 44.3 12.2 15.2 28.2

139,742 184,689 257,856 45.9 13.0 17.2 24.0

823,667 1,251,080 2,670,499 34.5 11.4 17.3 36.9

51,366 87,535 145,330 29.4 12.8 21.7 36.1

112,740 144,144 172,141 47.0 13.9 17.8 21.2

70,003 49,997 38,692 64.0 15.9 11.3 8.8

208,151 304,452 472,092 43.9 11.9 17.3 26.9

951,199 1,272,536 2,113,624 40.2 13.1 17.5 29.1

55,407 86,150 135,270 41.8 11.7 18.1 28.5

22,924 27,536 19,846 53.0 15.3 18.4 13.3

247,797 321,916 428,367 47.2 13.1 17.0 22.6

184,633 254,067 405,836 44.5 12.1 16.7 26.7

92,301 119,581 118,418 53.1 13.1 17.0 16.8

269,743 382,337 630,950 41.7 12.3 17.4 28.7

37,604 39,797 30,139 51.9 16.8 17.8 13.5

20,492 29,868 21,637 45.6 15.5 22.6 16.4

38,582 62,314 92,048 37.2 12.6 20.3 30.0

DEPOSITS IN INSURED COMMERCIAL BANKS 115

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 33. DISTRIBUTION OF SAVINGS AND TIME DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING

TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D istrict and State N u m b e r 

o f banks

D eposits (in th o u sa n d s) in accou nts o f—

P e rcen t o f total dep osits 

in accou nts o f—

Total

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

Total United States.................................................. 13,468 $110,969,246 $60,203,149 $20,645,347 $10,246,393 $19,874,357 54.3% 18.6% 9.2% 17.9%

50 States and D. C................................................ 13,460 110,628,164 59,985,894 20,601,526 10,221,266 19,819,478 54.2 18.6 9.2 17.9

Other Areas............................................................. 8 341,082 217,255 43,820 25,128 54,878 63.7 12.8 7.4 16.1

FDIC District

D istrict 1 .................................................................... 380 3,763,243 2,226,652 628,302 261,705 646,583 59.2 16.7 7.0 17.2

D istrict 2 .................................................................... 587 22,310,089 9,374,714 3,379,792 1,679,656 7,875,927 42.0 15.1 7.5 35.3

D istrict 3 ..................................................................... 1,136 13,279,466 8,279,250 2,567,821 950,174 1,482,221 62.3 19.3 7.2 11.2

D istrict 4 .............................................................. 877 5,595,082 3,560,785 1,073,142 477,065 484,091 63.6 19.2 8.5 8.7

D istrict 5 .................................................................... 1,241 4,850,822 2,948,472 967,420 500,710 434,220 60.8 19.9 10.3 9.0

D istrict 6 ..................................................................... 1,505 5,703,344 3,554,382 1,075,407 542,173 531,382 62.3 18.9 9.5 9.3

D istrict 7 .................................................................... 1,358 11,358,616 7,706,415 2,121,614 816,168 714,418 67.8 18.7 7.2 6.3

D istrict 8 ..................................................................... 1,680 10,961,552 5,954,833 2,198,356 941,619 1,866,743 54.3 20.1 8.6 17.0

D istrict 9 ..................................................................... 1,171 3,564,626 2,522,465 549,929 224,621 267,612 70.8 15.4 6.3 7.5

D istrict 1 0 .................................................................. 1,702 3,738,442 2,136,867 786,543 398,422 416,610 57.2 21.0 10.7 11.1

D istrict 1 1 .................................................................. 1,399 6,655,342 3,068,602 1,315,518 882,249 1,388,973 46.1 19.8 13.3 20.9

D istrict 1 2 .................................................................. 432 19,188,622 8,869,710 3,981,504 2,571,831 3,765,577 46.2 20.7 13.4 19.6

State

A la b a m a ..................................................................... 252 1,004,011 626,399 217,017 100,161 60,434 62.4 21.6 10.0 6.0

A riz o n a ........................................................................ 15 829,665 401,398 200,453 111,622 116,193 48.4 24.2 13.5 14.0

A rka n sa s.................................................................... 242 589,681 397,618 115,104 56,297 20,662 67.4 19.5 9.5 3.5

C a lifo rn ia .................................................................... 186 15,155,526 6,574,775 3,093,859 2,160,881 3,326,011 43.4 20.4 14.3 21.9

C o lo ra d o ..................................................................... 203 978,544 472,518 230,460 124,337 151,229 48.3 23.6 12.7 15.5

C o n n e c tic u t............................................................... 60 940,684 618,517 197,754 56,065 68,347 65.8 21.0 6.0 7.3

D e law are.................................................................... 20 186,498 117,580 46,944 16,604 5,370 63.0 25.2 8.9 2.9

D istrict o f C o lu m b ia ............................................... 15 638,311 270,544 103,134 69,293 195,340 42.4 16.2 10.9 30.6

F lo rid a ......................................................................... 415 2,113,477 1,225,643 470,247 233,941 183,645 58.0 22.2 11.1 8.7

G eorgia........................................................................ 380 1,130,301 716,348 173,177 88,776 152,000 63.4 15.3 7.9 13.4

116 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ...................

Illin o is ..................

In d ia n a ...............

Io w a ......................

K a nsas................

K e n tu c k y ............

L o u isia n a ...........

M a in e ...................

M a ryla n d ............

M a ssa ch u se tts.

M ic h ig a n .............

M in n e s o ta ..........

M is s is s ip p i.........

M is s o u ri..............

M o n ta n a .............

N e b ra s k a ...........

N e va d a ................

New H a m p sh ire

New J e rs e y ........

New M e x ic o .. . .

New Y o rk ............

N o rth C a ro lin a .. 

N o rth D a k o ta ...

O h io ......................

O kla h o m a ..........

O re g o n ................

P e n n s y lv a n ia ... 

Rhode Is la n d ... 

South C a ro lin a . . 

South D a k o ta ...

T e n n e sse e .........

T e xa s ...................

U ta h .....................

V e rm o n t..............

V irg in ia ................

W a s h in g to n.......

W est V irg in ia . . .

W is c o n s in .........

W y o m in g ............

A la s k a ..................

H a w a ii..................

24 323,347 196,873

1,021 9,444,113 4,776,096

425 2,271,521 1,620,828

659 1,517,439 1,178,738

593 978,661 631,284

341 831,903 565,521

208 1,015,072 598,099

40 342,464 253,439

120 1,118,416 739,629

154 1,421,468 679,580

358 6,313,817 3,984,660

713 2,382,197 1,665,082

194 603,033 380,082

632 2,509,710 1,616,338

127 415,154 276,977

425 585,119 417,171 8 245,258 118,332

70 208,744 141,859

233 4,259,923 2,952,658

63 281,496 163,060

326 17,522,586 6,087,221

151 1,118,306 703,992

159 382,426 283,730

547 5,852,481 3,730,792

413 996,040 511,446

49 1,100,536 609,922

589 7,426,985 4,548,458 8 531,576 306,135

130 245,022 175,416

172 384,848 296,675

290 1,772,050 974,906

1,113 4,529,108 1,906,046

53 529,222 304,051

48 318,307 227,122

278 1,847,001 1,224,120

95 1,403,565 816,684

183 628,027 447,083

575 2,773,278 2,100,927

68 200,077 104,448

10 90,228 50,813 7 340,941 198,260

79,231 28,238 19,005 60.9 24.5 8.7 5.9

1,957,520 869,627 1,840,871 50.6 20.7 9.2 19.5

411,571 147,803 91,319 71.4 18.1 6.5 4.0

240,837 71,992 25,872 77.7 15.9 4.7 1.7

211,494 86,814 49,070 64.5 21.6 8.9 5.0

162,751 67,846 35,785 68.0 19.6 8.2 4.3

212,103 113,922 90,949 58.9 20.9 11.2 9.0

65,596 17,361 6,069 74.0 19.2 5.1 1.8

234,924 80,636 63,227 66.1 21.0 7.2 5.7

156,392 109,149 476,347 47.8 11.0 7.7 33.5

1,273,819 517,878 537,459 63.1 20.2 8.2 8.5

330,265 146,522 240,328 69.9 13.9 6.2 10.1

106,979 77,831 38,140 63.0 17.7 12.9 6.3

425,654 229,061 238,658 64.4 17.0 9.1 9.5

87,989 35,610 14,578 66.7 21.2 8.6 3.5

88,932 49,555 29,462 71.3 15.2 8.5 5.0

57,826 33,584 35,515 48.2 23.6 13.7 14.5

45,425 13,196 8,264 68.0 21.8 6.3 4.0

910,977 222,896 173,392 69.3 21.4 5.2 4.1

64,825 36,080 17,533 57.9 23.0 12.8 6.2

2,378,050 1,415,029 7,642,286 34.7 13.6 8.1 43.6

195,192 113,540 105,582 63.0 17.5 10.2 9.4

67,827 23,304 7,564 74.2 17.7 6.1 2.0

1,193,615 449,291 478,783 63.7 20.4 7.7 8.2

204,773 109,283 170,537 51.3 20.6 11.0 17.1

260,440 119,334 110,838 55.4 23.7 10.8 10.1

1,374,205 500,883 1,003,439 61.2 18.5 6.7 13.5

95,473 49,876 80,092 57.6 18.0 9.4 15.1

38,620 17,500 13,485 71.6 15.8 7.1 5.5

63,847 19,185 5,141 77.1 16.6 5.0 1.3

371,898 188,969 236,277 55.0 21.0 10.7 13.3

838,137 620,626 1,164,299 42.1 18.5 13.7 25.7

120,290 44,694 60,186 57.5 22.7 8.4 11.4

67,662 16,058 7,465 71.4 21.3 5.0 2.3

373,555 152,729 96,596 66.3 20.2 8.3 5.2

304,432 137,687 144,762 58.2 21.7 9.8 10.3

127,717 43,367 9,860 71.2 20.3 6.9 1.6

436,223 150,487 85,641 75.8 15.7 5.4 3.1

50,885 28,432 16,312 52.2 25.4 14.2 8.2

17,249 9,367 12,799 56.3 19.1 10.4 14.2

48,176 38,045 56,459 58.2 14.1 11.2 16.6

DEPOSITS IN INSURED COMMERCIAL BANKS 117

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 34. DISTRIBUTION OF DEMAND DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING TO SIZE OF

ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size g ro u p N u m b e r 

o f banks

Deposits (in th o u sa n d s) in accou nts of -

Pe rcen t o f to ta l dep osits 

in accou nts o f —

Total

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

Demand deposits—total......................................... 13,468 $123,633,441 $44,806,422 $14,492,270 $20,944,392 $43,390,356 36.2% 11.7% 16.9% 35.1%

Banks with total deposits of—

Less th a n $ 2 5 0 ,0 0 0 .................................................. 14 1,439 1,090 161 188 0 75.7 11.2 13.1 .0

$ 2 5 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ............................................ 88 23,371 19,034 3,136 1,200 0 81.4 13.4 5.1 .0

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ........................................ 591 271,582 215,092 35,816 17,297 3,377 79.2 13.2 6.4 1.2

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ..................................... 2,075 1,601,868 1,213,898 227,260 129,698 31,012 75.8 14.2 8.1 1.9

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ..................................... 4,402 6,847,437 4,725,527 1,048,335 771,510 302,065 69.0 15.3 11.3 4.4

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 .................................. 2,908 8,904,377 5,539,747 1,377,324 1,274,178 713,129 62.2 15.5 14.3 8.0

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ............................... 2,105 13,673,117 7,289,768 2,061,125 2,357,876 1,964,347 53.3 15.1 17.2 14.4

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ............................... 629 9,063,243 4,095,544 1,319,992 1,786,446 1,861,262 45.2 14.6 19.7 20.5

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ............................. 301 8,464,374 3,270,744 1,160,888 1,776,211 2,256,532 38.6 13.7 21.0 26.7

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 .......................... 198 12,509,751 4,162,433 1,553,910 2,599,902 4,193,508 33.3 12.4 20.8 33.5

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 .......................... 82 12,253,031 3,371,961 1,328,218 2,381,652 5,171,200 27.5 10.8 19.4 42.2

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ...................... 41 11,569,536 2,806,823 1,131,391 2,060,855 5,570,467 24.3 9.8 17.8 48.1

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 .................. 20 10,008,603 2,221,454 967,574 1,763,156 5,056,420 22.2 9.7 17.6 50.5

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 o r m o re ........................................ 14 28,441,711 5,873,308 2,277,141 4,024,223 16,267,039 20.7 8.0 14.1 57.2

Percent of total 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with total deposits of—

Less th a n $ 2 5 0 0 0 0 .0 .0 .0 .0 .0

$ 2 5 0 0 0 0 to $ 5 0 0 0 0 0 .0 .0 .0 .0 .0

$ 5 0 0 0 0 0 to $1 0 0 0 0 0 0 .2 .5 .2 .1 .0

$1 0 0 0 0 0 0 to $2 0 0 0 0 0 0 1.3 2.7 1.6 .6 .1

$2 0 0 0 0 0 0 to $5 0 0 0 0 0 0 5.5 10.5 7.2 3.7 .7

$5 0 0 0 0 0 0 to $ 1 0 0 0 0 0 0 0 7.2 12.4 9.5 6.1 1.6

$ 1 0 0 0 0 0 0 0 to $ 25 0 0 0 0 0 0 11.1 16.3 14.2 11.3 4.5

$25 0 0 0 0 0 0 to $ 5 0 0 0 0 0 0 0 7.3 9.1 9.1 8.5 4.3

$ 5 0 0 0 0 0 0 0 to $ 1 0 0 0 0 0 0 0 0 6.8 7.3 8.0 8.5 5.2

$ 1 0 0 0 0 0 0 0 0 to $ 2 5 0 0 0 0 0 0 0 10.1 9.3 10.7 12.4 9.7

$ 2 5 0 0 0 0 0 0 0 to $ 5 0 0 0 0 0 0 0 0 9 9 7.5 9.2 11.4 11.9

$ 5 0 0 0 0 0 0 0 0 to $1 0 0 0 0 0 0 0 0 0 9.4 6.3 7.8 9.8 12.8

$1 0 0 0 0 0 0 0 0 0 to $2 5 0 0 0 0 0 0 0 0 8.1 5.0 6.7 8.4 11.7

$2 5 0 0 0 0 0 0 0 0 or m ore 23.0 13.1 15.7 19.2 37.5

118 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 35. DISTRIBUTION OF SAVINGS AND TIME DEPOSITS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS ACCORDING

TO SIZE OF ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group Number 

of banks

Deposits (in thousands) in accounts o fTotal $10,000 

or less

$10,000

to

$25,000

$25,000

to

$ 100,000

More

than $100,000

Percent of total deposits 

in accounts of—

$ 10,000 

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Savings and time deposits—total..

Banks with total deposits of—

Less than $ 2 5 0 ,0 0 0 .......................

$250,000 to $50 0 ,0 0 0..................

$500,000 to $1,000,000...............

$1,000,000 to $2,0 00 ,0 0 0...........

$2,000,000 to $5,0 00 ,0 0 0...........

$5,000,000 to $10,00 0 ,0 0 0 .......

$10,000,000 to $25,00 0 ,0 0 0......

$25,000,000 to $50,00 0 ,0 0 0......

$50,000,000 to $100,000,000.. 

$100,000,000 to $250,000,000.

$250,000,000 to $ 500,000,000.......

$500,000,000 to $1,000,000,000 ... 

$1,000,000,000 to $2,500,000,000. 

$2,500,000,000 or m o re....................

Percent of total....................................

Banks with total deposits of—

Less than $25 0 ,0 0 0 ......................

$250,000 to $50 0 ,0 0 0.................

$500,000 to $1,0 00 ,0 0 0...............

$1,000,000 to $2,000,000...........

$2,000,000 to $5,0 00 ,0 0 0 ..........

$5,000,000 to $ 10 ,00 0 ,0 0 0 .......

$10,000,000 to $ 2 5 ,0 0 0 ,0 0 0 .... 

$25,000,000 to $50,000,000 .... 

$50,000,000 to $100,000,000. . 

$100,000,000 to $250,000,000.

$250,000,000 to $500 ,0 0 0 ,0 00 .........

$500,000,000 to $1,000,000,000 .. 

$1,000,000,000 to $2,500,000,000. 

$2,500,000,000 or m ore.....................

13,468

14

88

591

2,075

4,402

2,908

2,105

629

301

198

$110,969,246

557

6,566

123,625

1,080,261

5,823,526

8,605,970

13,699,897

8,968,817

8,370,852

10,814,011

9,704,515

8,432,238

9,557,956

25,780,453

100.0%

.0

.0

.1

1.0

5.2

7.8

12.3

8.1

7.5

9.7

8.7

7.6

8.6

23.2

$60,203,149

483

5,537

102,054

869,623

4,415,498

6,305,208

9,514,897

5,948,972

5,223,557

6,362,689

5,010,750

4,122,205

3,826,591

8,495,085

100. 0%

.0

.0.2

1.4

7.3

10.5 

15.8

9.9

8.7

10.6

8.3

6.8

6.4 

14.1

$20,645,347

74

832

16,666

170,247

1,071,779

1,644,898

2,761,770

1,810,245

1,792,645

2,246,963

1,821,278

1,494,966

1,701,517

4,111,466

100. 0%

.0

.0

.1

.8

5.2

8.0

13.4

8.8

8.7

10.9

7.2

8.2

19.9

$10,246,393

0

197

4,412

35,318

280,112

513,722

994,936

767,654

774,452

1,068,168

1,013,053

852,947

1,079,257

2,862,165

100.0%

.0

.0

.0

.3

2.7

5.0

9.7

7.5

7.6

10.4

9.9

8.3

10.5 

27.9

$19,874,357

0

0

493

5,073

56,137

142,142

428,294

441,946

580,198

1,136,192

1,859,434

1,962,120

2,950,591

10,311,737

100. 0%

.0

.0

.0

.0

.3

.7

2.2

2.2

2.9 

5.7

9.4

9.9

14.8

51.9

54.3

86.7

84.3 

82.6

80.5

75.8

73.3

69.5

66.3

62.4

58.8

51.6

48.9

40.0

33.0

18.6

13.3

12.7 

13.5

15.8

18.4

19.1

20.2 

20.2

21.4

20.8

18.8

17.7

17.8

15.9

9.2%

.0

3.0

3.6

3.3

4.8

6.0

7.3

8.6

9.3

9.9

10.4

10.1

11.3

11.1

17.9%

.0

.0

.4

.5

1.0

1.7

3.1

4.9

6.9 

10.5

19.2

23.3 

30.9 

40.0

DEPOSITS IN INSURED COMMERCIAL BANKS 119

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 36. DISTRIBUTION OF ACCOUNTS ACCORDING TO SIZE, INSURED MUTUAL SAVINGS BANKS, NOVEMBER 18, 1964 

BANK S GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AM O U N T OF DEPOSITS,

PO PULATIO N OF CENTER, AND PERCENT OF DEPOSITS INSURED; AND AC CO UNTS BY TYPE

C lassifica tion N u m b e r 

of banks

N u m be r of accou nts P e rcen t o f to ta l accou nts

Total

$10 ,000 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

More

than

$1 0 0 ,0 0 0

United States 327 19,811,793 18,615,718 1,153,568 40,712 1,795 94.0% 5.8% • 2% • 0%

FDIC District

D is tric t 1 ........................ ............................................ 150 4,138,532 3,953,136 173,744 11,488 164 95.5 4.2 .3 .0

D istrict 2 ..................................................................... 148 12,771,731 11,882,150 868,082 20,117 1,382 93.0 6.8 .2 .0

D istrict 3 ..................................................................... 9 1,668,198 1,592,673 68,874 6,482 169 95.5 4.1 .4 .0

D istrict 4 ..................................................................... 6 540,964 527,036 12,716 1,158 54 97.4 2.4 .2 .0

D is tric t 7 ..................................................................... 7 85,496 83,668 1,681 141 6 97.9 2.0 .2 .0

D istrict 9 ..................................................................... 1 264,993 255,761 8,734 495 3 96.5 3.3 .2 .0

D istrict 1 2 .................................................................. 6 341,879 321,294 19,737 831 17 94.0 5.8 .2 .0

State

C o n n e c tic u t............................................................... 71 2,107,717 2,015,606 86,828 5,267 16 95.6 4.1 .2 .0

D e law are..................................................................... 2 104,779 99,138 5,381 250 10 94.6 5.1 .2 .0

In d ia n a ........................................................................ 4 47,945 46,739 1,092 108 6 97.5 2.3 .2 .0

M a in e ........................................................................... 26 360,055 348,013 11,413 616 13 96.7 3.2 .2 .0

M a ry la n d ..................................................................... 6 540,964 527,036 12,716 1,158 54 97.4 2.4 .2 .0

M a ssa ch u se tts......................................................... 8 678,057 637,999 37,249 2,790 19 94.1 5.5 .4 .0

M in n e s o ta .................................................................. 1 264,993 255,761 8,734 495 3 96.5 3.3 .2 .0

New H a m p s h ire ....................................................... 32 459,901 440,848 17,626 1,375 52 95.9 3.8 .3 .0

New J e rs e y ................................................................ 21 1,031,610 979,518 49,113 2,926 53 95.0 4.8 .3 .0

New Y o rk .................................................................... 125 11,635,342 10,803,494 813,588 16,941 1,319 92.9 7.0 .1 .0

O h io .............................................................................. 2 32,286 31,792 465 22 7 98.5 1.4 .1 .0

O re g o n ......................................................................... 1 24,782 22,739 1,915 116 12 91.8 7.7 .5 .0

P e nnsylvania............................................................. 7 1,635,912 1,560,881 68,409 6,460 162 95.4 4.2 .4 .0

Rhode Is la n d ............................................................ 7 434,907 417,049 16,579 1,226 53 95.9 3.8 .3 .0

V e rm o n t...................................................................... 6 97,895 93,621 4,049 214 11 95.6 4.1 .2 .0

W a sh in g to n ................................................................

W isco n sin ...................................................................

4 312,499 294,190 17,626 682 1 94.1 5.6 .2 .0

3 37,551 36,929 589 33 0 98.3 1.6 .1 .0

A la s k a .......................................................................... 1 4,598 4,365 196 33 4 94.9 4.3 .7 .1

120 FEDERAL DEPOSIT INSURANCE CQRPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with total deposits of—

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ................................

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ................................

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 ..............................

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ...........................

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ...........................

3

11

28

83

59

4,966

32,652

157,337

870,783

1,255,876

4,878

31,969

152,004

836,619

1,197,624

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ........................

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ......................

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ......................

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ..................

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 ..............

41

57

24

16

5

1,445,781

4,706,597

4,057,198

4,375,098

2,905,505

1,371,531

4,461,905

3,832,923

4,056,186

2,670,079

Banks in centers with population in

1960 of—

Less th a n 2 5 0 ..........................................................

2 5 0 to 5 0 0 .................................................................

5 0 0 to 1 ,0 0 0 .............................................................

1 ,000 to 2 ,5 0 0 .........................................................

2 ,5 0 0 to 5 ,0 0 0 .........................................................

1

1

2

30

25

5,074

4,135

3,619

219,125

253,048

4,869

4,056

3,485

208,987

239,672

5 .0 0 0 to 1 0 ,0 0 0 ......................................................

1 0 .0 0 0 to 2 5 ,0 0 0 ...................................................

2 5 .0 0 0 to 5 0 ,0 0 0 ...................................................

5 0 .0 0 0 to 1 0 0 ,0 0 0 .................................................

1 0 0 .0 0 0 to 2 5 0 ,0 0 0 ..............................................

22

51

51

31

33

249,270

733,226

1,252,962

1,255,333

2,636,170

238,625

699,685

1,191,906

1,196,758

2,516,876

2 5 0 .0 0 0 to 5 0 0 ,0 0 0 ..............................................

5 0 0 .0 0 0 to 1 ,0 0 0 ,0 0 0 ..........................................

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ......................................

2 .5 0 0 .0 0 0 o r m o re ................................................

10

16

4

50

1,219,618

1,932,661

1,536,977

8,510,575

1,161,919

1,821,988

1,470,491

7,856,401

Banks with percent of deposits insured

of—

9 0 to 1 0 0 ....................................................................

8 0 to 9 0 ......................................................................

70 to 8 0 ......................................................................

172

151

4

8,175,634

11,590,653

45,506

7,727,482

10,845,257

42,979

Type of account

D em and (IP C 1) ........................................................ 908,493

18,052,179

7,635

907,443

16,860,116

7,565

6,908

266

Savings and tim e (IP C 1) ......................................

U. S. G o v e rn m e n t..................................................

State and political s u b d iv is io n s ....................... 7,532

In te rb a n k ................................................................... 325

U ninvested tru s t fu n d s ........................................ 749 680

D ra fts ........................................................................... 411,061

423,819

409,394

O ther ite m s ............................................................... 423,346

1 IPC refers to individuals, partnerships, and corporations.

82 6 0 98.2 1.7 .1 .0

656 27 0 97.9 2.0 .1 .0

5,102 229 2 96.6 3.2 .1 .0

32,538 1,603 23 96.1 3.7 .2 .0

55,731 2,492 29 95.4 4.4 .2 .0

70,916 3,238 96 94.9 4.9 .2 .0

236,537 7,843 312 94.8 5.0 .2 .0

215,761 8,187 327 94.5 5.3 .2 .0

310,062 8,531 319 92.7 7.1 .2 .0

226,183 8,556 687 91.9 7.8 .3 .0

176 29 0 96.0 3.5 .6 .0

77 2 0 98.1 1.9 .0 .0

125 9 0 96.3 3.5 .2 .0

9,693 443 2 95.4 4.4 .2 .0

12,768 596 12 94.7 5.0 .2 .0

10,288 351 6 95.7 4.1 .1 .0

32,005 1,517 19 95.4 4.4 .2 .0

58,188 2,812 56 95.1 4.6 .2 .0

56,070 2,409 96 95.3 4.5 .2 .0

114,154 5,049 91 95.5 4.3 .2 .0

54,833 2,808 58 95.3 4.5 .2 .0

105,090 5,466 117 94.3 5.4 .3 .0

60,725 5,603 158 95.7 4.0 .4 .0

639,376 13,618 1,180 92.3 7.5 .2 .0

438,720 9,171 261 94.5 5.4 .1 .0

712,707 31,172 1,517 93.6 6.1 .3 .0

2,141 369 17 94.4 4.7 .8 .0

788 237 25 99.9 .1 .0 .0

1,150,822 39,672 1,569 93.4 6.4 .2 .0

36 29 5 99.1 .5 .4 .1

400 185 39 91.7 5.3 2.5 .5

50 8 1 81.8 15.4 2.5 .3

46 21 2 90.8 6.1 2.8 .3

1,138 400 129 99.6 .3 .1 .0

288 160 25 99.9 .1 .0 .0

ACCOUNTS AND DEPOSITS OF INSURED MUTUAL SAVINGS BANKS 121

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 37. DISTRIBUTION OF DEPOSITS ACCORDING TO SIZE OF ACCOUNT, INSURED MUTUAL SAVINGS BANKS,

NOVEMBER 18, 1964

BA NK S GROUPED BY FEDER AL DEPOSITS INSURANCE CORPORATION DISTRICT, STATE, A M O U N T OF DEPOSITS, 

PO PULATIO N OF CENTER, AND PERCENT OF DEPOSITS INSURED; AND ACCO UN TS BY TYPE

C lassifica tion N u m b e r 

o f ban ks

Deposits (in th o u sa n d s) in acco u n ts ofPe rcen t o f to ta l dep osits 

in acco u n ts o f—

Total

$ 1 0 ,0 0 0 

or less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

than

$ 1 0 0 ,0 0 0

$ 1 0 ,0 0 0 

o r less

$ 1 0 ,0 0 0

to

$ 2 5 ,0 0 0

$ 2 5 ,0 0 0

to

$ 1 0 0 ,0 0 0

M ore

th a n

$ 1 0 0 ,0 0 0

United States......................................................... 327 $42,144,387 $25,387,534 $14,855,563 $1,342,539 $558,750 60.2% 35.2% 3.2% 1.3%

FDIC District

D is tric t 1 ..................................................................... 150 7,213,934 4,486,706 2,326,540 371,738 28,950 62.2 32.3 5.2 .4

D is tric t 2 ..................................................................... 148 30,201,707 18,061,302 11,022,169 644,939 473,297 59.8 36.5 2.1 1.6

D is tric t 3 ..................................................................... 9 2,888,834 1,680,934 932,433 233,712 41,754 58.2 32.3 8.1 1.4

D is tric t 4 ..................................................................... 6 673,803 443,333 177,952 43,530 8,989 65.8 26.4 6.5 1.3

D is tric t 7 ..................................................................... 7 94,570 65,416 22,225 5,841 1,088 69.2 23.5 6.2 1.2

D is tric t 9 ..................................................................... 1 438,248 297,137 121,647 18,281 1,183 67.8 27.8 4.2 .3

D is tric t 1 2 .................................................................. 6 633,291 352,706 252,597 24,499 3,489 55.7 39.9 3.9 .6

State

C o n n e c tic u t............................................................... 71 3,458,497 2,129,692 1,168,448 155,834 4,523 61.6 33.8 4.5 .1

D elaw are..................................................................... 2 203,741 117,452 74,960 8,523 2,806 57.6 36.8 4.2 1.4

In d ia n a ........................................................................ 4 65,639 45,289 14,740 4,523 1,088 69.0 22.5 6.9 1.7

M a in e ........................................................................... 26 523,272 352,257 146,558 22,705 1,752 67.3 28.0 4.3 .3

M a ry la n d ..................................................................... 6 673,803 443,333 177,952 43,530 8,989 65.8 26.4 6.5 1.3

M a ssa ch u se tts......................................................... 8 1,537,478 943,591 505,374 85,822 2,691 61.4 32.9 5.6 .2

M in n e s o ta .................................................................. 1 438,248 297,137 121,647 18,281 1,183 67.8 27.8 4.2 .3

New H a m p s h ire ....................................................... 32 782,504 488,271 232,351 53,986 7,896 62.4 29.7 6.9 1.0

New J e rs e y ................................................................ 21 1,859,060 1,120,243 632,356 97,274 9,187 60.3 34.0 5.2 .5

New Y o rk .................................................................... 125 28,138,906 16,823,607 10,314,853 539,142 461,304 59.8 36.7 1.9 1.6

O h io .............................................................................. 2 28,317 19,852 6,007 805 1,652 70.1 21.2 2.8 5.8

O re g o n ......................................................................... 1 64,587 34,280 22,984 4,622 2,701 53.1 35.6 7.2 4.2

P e nnsylvania............................................................. 7 2,860,517 1,661,082 926,426 232,907 40,102 58.1 32.4 8.1 1.4

Rhode Is la n d ............................................................ 7 737,844 461,275 222,734 45,448 8,387 62.5 30.2 6.2 1.1

V e rm o n t...................................................................... 6 174,340 111,619 51,076 7,943 3,703 64.0 29.3 4.6 2.1

W a sh in g to n ................................................................ 4 557,689 312,078 227,227 18,184 200 56.0 40.7 3.3 .0

W isco n sin ................................................................... 3 28,931 20,127 7,485 1,319 0 69.6 25.9 4.6 .0

A la s k a .......................................................................... 1 11,014 6,348 2,385 1,693 588 57.6 21.7 15.4 5.3

122 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with total deposits of—

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 .................................

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ................................

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 ..............................

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 ...........................

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 ...........................

3

11

28

83

59

4,993

36,694

227,331

1,363,335

2,129,899

3,775

27,430

153,276

882,626

1,324,025

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ........................

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ......................

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ......................

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ..................

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 ..............

41

57

24

16

5

2,706,514

8,942,362

8,239,212

10,716,035

7,778,012

1,662,454

5,578,313

5,032,511

6,434,947

4,288,178

Banks in centers with population in

1960 of—

Less th a n 2 5 0 ..........................................................

2 5 0 to 5 0 0 .................................................................

5 0 0 to 1 ,0 0 0 .............................................................

1,000 to 2 ,5 0 0 .........................................................

2 ,5 0 0 to 5 ,0 0 0 .........................................................

1

1

2

30

25

7,613

4,378

5,838

371,403

474,711

4,158

3,379

3,935

229,939

288,323

5 .0 0 0 to 1 0 ,0 0 0 ......................................................

1 0.0 0 0 to 2 5 ,0 0 0 ...................................................

2 5 .0 0 0 to 5 0 ,0 0 0 ....................................................

5 0 .0 0 0 to 1 0 0 ,0 0 0 .................................................

1 0 0 .0 0 0 to 2 5 0 ,0 0 0 ..............................................

22

51

51

31

33

406,200

1,263,385

2,208,336

2,242,586

4,386,254

259,699

791,403

1,343,554

1,413,003

2,710,005

2 5 0 .0 0 0 to 5 0 0 ,0 0 0 ..............................................

5 0 0 .0 0 0 to 1 ,0 0 0 ,0 0 0 ..........................................

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ......................................

2 .5 0 0 .0 0 0 or m o re .................................................

10

16

4

50

2,131,126

3,809,622

2,563,300

22,269,634

1,302,115

2,246,586

1,499,535

13,291,902

Banks with percent of deposits insured

of—

9 0 to 1 0 0 ....................................................................

8 0 to 9 0 ......................................................................

7 0 to 8 0 ......................................................................

172

151

4

16,213,028

25,833,393

97,966

10,359,230

14,978,403

49,901

Type of account

D em and (IP C 1) ...................................................... 221,235

41,666,872

4,015

31,836

2,697

2,612

194,321

Savings and tim e (IP C 1) ...................................... 25,052,160

U. S. G o v e rn m e n t................................................... 1,295

State and political s u b d iv is io n s ........................ 8,171

1,469

790

In te rb a n k ...................................................................

U ninvested tru s t fu n d s ........................................

D ra fts ........................................................................... 147,921 78,704

O ther ite m s ............................................................... 67,198 50,623

1 IPC refers to individuals, partnerships, and corporations.

1,028 189 0 75.6 20.6 3.8 .0

8,382 883 0 74.8 22.8 2.4 .0

65,896 7,855 303 67.4 29.0 3.5 .1

422,082 54,732 3,896 64.7 31.0 4.0 .3

720,662 79,695 5,517 62.2 33.8 3.7 .3

915,991 108,579 19,490 61.4 33.8 4.0 .7

3,039,010 259,082 65,957 62.4 34.0 2.9 .7

2,832,361 272,993 101,347 61.1 34.4 3.3 1.2

3,918,412 272,765 89,911 60.0 36.6 2.5 .8

2,931,739 285,767 272,328 55.1 37.7 3.7 3.5

2,496 959 0 54.6 32.8 12.6 .0

943 56 0 77.2 21.5 1.3 .0

1,639 264 0 67.4 28.1 4.5 .0

127,410 13,767 287 61.9 34.3 3.7 .1

164,662 18,889 2,837 60.7 34.7 4.0 .6

133,282 12,212 1,007 63.9 32.8 3.0 .2

418,494 50,672 2,816 62.6 33.1 4.0 .2

757,800 93,956 13,027 60.8 34.3 4.3 .6

728,411 83,676 17,497 63.0 32.5 3.7 .8

1,498,399 158,335 19,515 61.8 34.2 3.6 .4

715,686 97,056 16,269 61.1 33.6 4.6 .8

1,356,980 178,008 28,049 59.0 35.6 4.7 .7

822,079 202,169 39,517 58.5 32.1 7.9 1.5

8,127,283 432,520 417,930 59.7 36.5 1.9 1.9

5,505,570 288,219 60,010 63.9 34.0 1.8 .4

9,319,434 1,039,795 495,760 58.0 36.1 4.0 1.9

30,560 14,525 2,980 50.9 31.2 14.8 3.0

11,806 10,234 4,874 87.8 5.3 4.6 2.2

14,814,263 1,292,233 508,216 60.1 35.6 3.1 1.2

554 1,321 845 32.3 13.8 32.9 21.0

5,839 8,318 9,507 25.7 18.3 26.1 29.9

798 319 111 54.5 29.6 11.8 4.1

735 817 270 30.2 28.1 31.3 10.3

17,202 21,597 30,417 53.2 11.6 14.6 20.6

4,366 7,700 4,508 75.3 6.5 11.5 6.7

ACCOUNTS AND DEPOSITS OF INSURED MUTUAL SAVINGS BANKS 123

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 38. NUMBER OF ACCOUNTS FULLY PROTECTED AND DEPOSITS INSURED ASSUMING ALTERNATIVE AMOUNTS OF MAXIMUM

COVERAGE PER ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC D is tric t and State

N u m b e r o f a cco u n ts fu lly protected 

a ssu m in g m a xim u m coverage 

per a cco u n t o f—

P ercent of accounts fu lly 

protected assum ing 

m axim um coverage 

per account o f—

Deposits (in th o u sa n d s) 

insured assu m in g m axim um 

coverage per acco u n t o f—

P ercent o f dep osits 

insu re d assu m in g 

m a xim u m coverage 

per a cco u n t o f—

$ 1 0 ,0 0 0 $ 2 5 ,0 0 0 $ 1 0 0 ,0 0 0 $ 1 0 ,0 0 0 $ 25 ,0 0 0 $ 1 0 0 ,0 0 0 $ 1 0 ,0 0 0 $ 2 5 ,0 0 0 $ 1 0 0 ,0 0 0 $ 1 0 ,0 0 0 $ 2 5 ,0 0 0 $ 1 0 0 ,0 0 0

otal United States....... 151,226,160 153,883,194 154,712,935 97.6% 99.3% 99.8% $146,765,283 $174,195,411 $211,825,046 49.7% 59.0% 71.7%

50 States and D. C. . . 150,648,081 153,300,099 154,128,044 97.6 99.3 99.8 146,390,467 173,760,022 211,311,335 49.7 59.0 71.7

Other areas.................. 578,079 583,095 584,891 98.7 99.6 99.9 374,816 435,388 513,711 55.5 64.5 76.1

FDIC District

8,951,580 47.5 57.2 71.3 D istrict 1 ..................... 7,384,795 7,488,575 7,526,564 98.0 99.3 99.8 5,961,908 7,185,630

D istrict 2 ..................... 21,280,917 21,722,906 21,880,094 97.0 99.0 99.7 22,710,903 27,872,423 35,943,478 35.0 43.0 55.5

D istrict 3 ..................... 18,044,685 18,349,289 18,431,986 97.8 99.4 99.9 17,285,844 20,134,061 23,855,579 54.0 62.9 74.6

D istrict 4 ..................... 11,366,505 11,521,204 11,570,971 98.1 99.4 99.9 9,312,055 10,925,546 13,081,031 56.0 65.7 78.6

D istrict 5 ..................... 8,962,249 9,109,232 9,159,221 97.7 99.3 99.8 8,455,520 10,055,016 12,235,123 55.5 66.0 80.3

D istrict 6 ..................... 9,542,344 9,697,533 9,748,939 97.7 99.3 99.8 9,488,672 11,179,659 13,485,106 54.9 64.7 78.1

D istrict 7 ..................... 14,802,450 15,046,319 15,109,935 97.9 99.5 99.9 14,826,898 17,001,987 19,683,711 61.3 70.3 81.4

D istrict 8 ..................... 11,402,112 11,667,637 11,740,708 96.9 99.2 99.8 13,858,775 16,358,263 19,671,866 50.8 60.0 72.2

D istrict 9 ..................... 5,160,404 5,236,577 5,258,545 98.0 99.5 99.9 5,418,950 6,175,370 7,133,595 63.3 72.1 83.3

D istrict 1 0 .................. 6,535,675 6,656,558 6,694,104 97.5 99.3 99.8 6,812,407 8,048,345 9,670,563 57.0 67.3 80.9

D is tric t 1 1 .................. 10,802,908 11,005,980 11,078,777 97.3 99.1 99.8 10,474,368 12,794,929 16,209,904 47.4 57.9 73.4

D is tric t 1 2 .................. 25,941,116 26,381,384 26,513,091 97.7 99.4 99.9 22,158,982 26,464,180 31,903,510 51.8 61.8 74.5

State

A la b a m a ...................... 1,859,044 1,888,766 1,898,230 97.8 99.4 99.9 1,688,099 1,992,012 2,387,033 58.8 69.4 83.2

A riz o n a ........................ 1,097,760 1,120,044 1,125,761 97.4 99.4 99.9 1,043,021 1,234,208 1,461,349 55.3 65.4 77.5

A rk a n s a s .................... 1,166,493 1,186,277 1,192,795 97.7 99.3 99.9 1,196,611 1,405,984 1,671,236 62.1 73.0 86.8

C a lifo rn ia .................... 19,687,311 20,019,477 20,120,973 97.7 99.4 99.9 16,400,085 19,695,111 23,874,035 50.1 60.1 72.9

C o lo ra d o..................... 1,389,351 1,418,571 1,427,707 97.1 99.2 99.8 1,440,534 1,739,407 2,139,675 53.1 64.1 78.8

C o n n e c tic u t............... 1,946,956 1,977,035 1,986,325 97.9 99.4 99.9 1,642,286 1,952,177 2,337,161 53.5 63.6 76.1

Delaware ................ 413,279 420,462 422,775 97.6 99.3 99.8 372,449 448,311 544,729 47.5 57.2 69.5

D istrict of C o lu m b ia . 754,894 770,695 777,207 96.9 98.9 99.7 856,508 1,058,374 1,351,721 42.4 52.4 66.9

Florida .................... 3,493,048 3,560,788 3,582,124 97.3 99.2 99.8 3,612,183 4,305,651 5,231,041 55.3 65.9 80.0

G e o rg ia ........................ 2,418,901 2,450,180 2,462,511 98.1 99.3 99.8 2,034,704 2,426,193 3,015,958 51.4 61.3 76.1

124 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Id a h o ............................ 501,575 511,806 514,404 97.4 99.4

Illin o is .......................... 8,739,062 8,966,126 9,028,642 96.6 99.1

In d ia n a ........................ 3,954,939 4,011,145 4,027,022 98.1 99.5

Io w a .............................. 2,663,050 2,701,511 2,712,066 98.1 99.5

K a n s a s ......................... 1,814,596 1,848,160 1,857,806 97.5 99.4

K e n tu c k y .................... 1,930,415 1,956,933 1,965,512 98.1 99.4

L o u isia n a .................... 2,310,695 2,345,664 2,358,641 97.8 99.3

M a in e ........................... 756,410 765,102 767,396 98.5 99.6

M a ry la n d .................... 2,378,716 2,410,111 2,419,338 98.2 99.5

M a ssa ch u se tts ... 3,135,464 3,176,189 3,196,244 97.9 99.1

M ic h ig a n ..................... 6,989,965 7,123,657 7,156,621 97.5 99.4

M in n e s o ta .................. 3,350,106 3,392,894 3,406,453 98.2 99.5

M is s is s ip p i................. 1,191,256 1,209,498 1,216,356 97.8 99.3

M is s o u ri...................... 3,805,931 3,870,627 3,893,302 97.6 99.2

M o n ta n a ...................... 595,109 607,528 610,945 97.3 99.3

N e b ra s k a .................... 1,228,083 1,248,448 1,255,255 97.7 99.3

N e va d a ........................ 366,909 373,937 376,170 97.4 99.2

New H a m p sh ire . . . . 449,322 455,467 457,242 98.2 99.5

New J e rs e y ................ 5,869,176 5,977,043 6,002,081 97.7 99.5

New M e x ic o ............... 572,361 582,282 585,665 97.6 99.3

New Y o rk .................... 14,420,383 14,742,306 14,870,347 96.6 98.8

N o rth C a ro lin a .......... 2,686,341 2,719,831 2,732,077 98.2 99.4

N o rth D a k o ta ............ 572,506 582,856 585,263 97.7 99.5

O h io .............................. 8,389,166 8,527,099 8,563,297 97.8 99.4

O k la h o m a ................... 1,819,198 1,850,239 1,860,177 97.6 99.3

O re g o n ......................... 1,578,738 1,609,614 1,617,767 97.5 99.4

P e n n sylva n ia ............ 9,655,519 9,822,190 9,868,689 97.7 99.4

Rhode Is la n d ............ 631,685 642,759 646,081 97.6 99.3

S o uth C a ro lin a ......... 1,097,730 1,109,043 1,113,640 98.5 99.5

S o uth D a k o ta ............ 642,683 653,299 655,884 97.9 99.5

T e n n e s s e e ................. 2,639,505 2,683,696 2,697,330 97.7 99.3

T e x a s ............................ 6,822,092 6,957,990 7,008,710 97.1 99.0

U ta h .............................. 764,040 777,661 781,228 97.7 99.4

V e rm o n t...................... 464,958 472,023 473,276 98.2 99.7

V irg in ia ......................... 3,150,057 3,196,159 3,208,815 98.1 99.5

W a s h in g to n ................ 2,318,851 2,355,655 2,365,727 97.9 99.5

W est V irg in ia ............. 1,298,767 1,315,365 1,319,894 98.3 99.6

W is c o n s in ................... 3,857,546 3,911,517 3,926,292 98.2 99.5

W y o m in g ..................... 284,447 291,140 293,159 96.9 99.1

A la s k a ........................... 158,426 161,607 162,769 97.1 99.1

H a w a ii.......................... 565,266 571,627 574,053 98.3 99.4

99.9 546,812 635,892 720,603 67.9 78.9 89.4

99.8 11,043,233 13,177,082 16,039,705 47.7 56.9 69.3

99.9 3,669,185 4,203,712 4,896,144 60.0 68.7 80.1

99.9 2,815,542 3,181,181 3,632,161 68.3 77.1 88.1

99.9 1,964,488 2,286,883 2,670,322 63.7 74.1 86.6

99.9 1,724,633 2,008,403 2,367,294 60.3 70.2 82.7

99.8 1,849,528 2,259,495 2,835,934 49.6 60.6 76.1

99.9 534,484 611,647 696,499 68.6 78.6 89.5

99.9 1,796,092 2,103,682 2,493,992 56.0 65.6 77.8

99.8 2,438,024 3,057,443 4,095,702 37.4 46.9 62.8

99.9 7,326,266 8,464,081 9,850,552 59.7 69.0 80.3

99.9 3,262,060 3,725,294 4,385,428 58.6 66.9 78.8

99.9 1,120,534 1,331,160 1,601,090 60.0 71.3 85.8

99.8 4,147,483 4,887,819 5,926,105 53.3 62.8 76.1

99.9 705,495 821,326 941,388 67.9 79.1 90.6

99.8 1,367,169 1,590,513 1,879,001 60.6 70.5 83.3

99.8 332,016 404,901 499,091 51.0 62.2 76.6

99.9 344,123 403,524 473,112 63.1 74.0 86.8

99.9 5,912,934 6,792,954 7,786,757 63.8 73.3 84.0

99.9 533,609 638,168 780,932 58.5 70.0 85.6

99.6 16,050,704 20,195,770 27,098,282 29,7 37.3 50.1

99.9 2,042,025 2,418,623 2,984,442 51.2 60.7 74.9

99.9 703,815 787,569 868,797 76.2 85.2 94.0

99.9 7,696,337 8,946,530 10,552,771 56.2 65.3 77.0

99.8 1,719,182 2,045,479 2,515,177 51.2 61.0 75.0

99.9 1,555,193 1,829,979 2,164,334 58.5 68.8 81.4

99.8 9,589,507 11,187,531 13,302,808 52.4 61.1 72.7

99.8 599,815 709,531 859,734 53.5 63.2 76.6

99.9 754,184 896,106 1,092,704 56.7 67.4 82.2

99.9 747,580 841,181 937,983 72.6 81.7 91.1

99.8 2,419,945 2,877,453 3,520,471 51.5 61.2 74.9

99.8 7,048,210 8,663,058 11,131,689 45.3 55.7 71.5

99.9 703,993 823,302 978,981 57.0 66.6 79.2

100.0 403,175 451,308 489,372 77.7 87.0 94.3

99.9 2,797,909 3,231,020 3,758,006 62.6 72.3 84.1

99.9 2,034,208 2,372,148 2,787,689 58.2 67.9 79.8

99.9 1,065,335 1,217,740 1,400,166 65.7 75.0 86.3

99.9 3,831,447 4,334,194 4,937,015 66.0 74.6 85.0

99.8 321,033 386,063 466,388 58.7 70.5 85.2

99.8 165,399 203,705 256,318 50.0 61.6 77.5

99.8 421,276 499,140 622,458 47.5 56.3 70.2

INSURANCE PROTECTION ASSUMING ALTERNATIVE COVERAGES 125

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
B A N K S G ROUPED BY AM O UNT OF TO TAL DEPOSITS, POPULATION OF CENTER OF LO CATIO N, CLASS, AND PERCENT 

OF TO TAL DEPOSITS INSURED; AND ACCO UN TS GROUPED BY TYPE

Table 39. NUMBER OF ACCOUNTS FULLY PROTECTED AND DEPOSITS INSURED ASSUMING ALTERNATIVE AMOUNTS OF MAXIMUM

COVERAGE PER ACCOUNT, INSURED COMMERCIAL BANKS, NOVEMBER 18, 1964

C lassifica tion

N u m b e r o f accounts fu lly protected 

a ssu m in g m axim um coverage 

per a ccou nt o f—

P ercent o f accou nts fu lly 

p ro te cte d assum ing 

m a xim u m coverage 

per a ccou nt o f—

D eposits (in th o u sa n d s) 

insu re d a ssu m in g m a xim u m 

coverage per a ccou nt o f—

P e rcen t of dep osits 

insured assum ing 

m a xim u m coverage 

per a cco u n t o f—

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000

All insured commercial banks............... 151,226,160 153,883,194 154,712,935 97.6% 99.3% 99.8% $146,765,283 $174,195,411 $211,825,046 49.7% 59.0% 71.7%

Banks with total deposits of—

4,486 4,508 4,513 99.4 99.9 100.0 1,999 2,212 2,276 87.8 97.2 100.0

$ 2 5 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ................................ 38,334 38,705 38,779 98.8 99.8 100.0 31,202 34,156 36,076 85.8 93.9 99.2

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ............................ 481,178 485,867 486,965 98.8 99.8 100.0 393,759 432,947 460,230 84.8 93.3 99.2

$1 0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ....................... 2,939,175 2,973,138 2,980,803 98.6 99.7 100.0 2,601,791 2.871,232 3,078,415 83.3 91.9 98.6

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 12,354,371 12,524,253 12,565,307 98.3 99.6 100.0 11,619,196 13,016,694 14,271,549 78.8 88.2 96.8

$5 0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 ..................... 16,359,023 16,592,420 16,651,280 98.2 99.6 99.9 15,231,312 17,228,967 19,294,291 74.2 84.0 94.0

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 .................. 23,925,064 24,289,520 24,384,360 98.0 99.5 99.9 22,112,852 25,346,431 28,981,556 68.5 78.5 89.7

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 .................. 14,295,322 14.530,021 14,597,500 97.8 99.4 99.9 13,567,145 15,803,756 18,545,534 62.0 72.2 84.7

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ............... 11,606,039 11i 827,994 11,893,424 97.4 99.3 99.8 11,868,035 14,025,279 16,803,791 56.8 67.1 80.4

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ............ 15,114,191 15,399,968 15,492,666 97.4 99.2 99.8 15,053,144 18,062,110 22,265,280 50.5 60.6 74.7

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ............. 12,094,670 12,331,750 12,416,776 97.2 99.1 99.7 12,284,441 15,028,786 19,316,899 42.6 52.1 67.0

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 10,127,439 10,324,967 10,398,865 97.1 99.0 99.7 10,288,907 12,706,906 16,675,725 38.6 47.7 62.6

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 . 7,948,052 8,145,875 8,214,851 96.4 98.8 99.7 9,270,936 11,584,961 15,288,793 36.0 45.0 59.4

$ 2 ,5 0 0 ,0 0 0 ,0 0 0 o r m o re ........................... 23,938,816 24,414,208 24,586,846 97.1 99.0 99.7 22,440,564 28,050,973 36,804,632 31.9 39.9 52.3

Banks in centers with population in

I9 6 0 of—

Less th a n 2 5 0 .................................. 662,452 671,666 673,629 98.3 99.6 99.9 703,770 779,593 859,881 73.2 81.1 89.4

2 5 0 to 5 0 0 ............................ 1,766,258 1,790,940 1,795,620 98.3 99.7 100.0 1,801,181 1,978,124 2,106,249 83.9 92.1 98.1

5 0 0 to 1 0 0 0 3,936,076 3,991,724 4,003,168 98.3 99.7 100.0 3,878,317 4,295,934 4,616,532 81.9 90.7 97.4

1 ,0 0 0 to 2 ,5 0 0 ................................................

2 ,5 0 0 to 5 ,0 0 0 ................................................

9,037.221 9,169,523 9,199,188 98.2 99.6 100.0 8,828,794 9,873,353 10,764,689 79.1 88.4 96.4

8,547;046 8,674,715 8,706,070 98.1 99.6 99.9 8,217,479 9,284,974 10,307,795 75.2 85.0 94.3

5 0 0 0 to 10 0 0 0 .................................... 11,346,843 11,522,377 11,566,250 98.0 99.5 99.9 10,791,463 12,284,048 13,875,306 71.1 81.0 91.5

1 0 .0 0 0 to 2 5 ,0 0 0 ..........................................

2 5 .0 0 0 to 5 0 ,0 0 0 ..........................................

SO 0 0 0 to 100 0 0 0 ......................................

16,027,871 16,271,429 16,336,568 98.0 99.5 99.9 14,696,058 16,902,873 19,455,265 66.6 76.5 88.1

12,814,493 13,017,826 13,075,237 97.9 99.4 99.9 11,807,064 13,728,435 16,091,361 61.5 71.5 83.8

12,900,149 13,105,310 13,169,327 97.8 99.4 99.9 11,990,053 14,071,463 16,757,460 58.5 68.6 81.7

1 0 0 ,0 0 0 to 2 5 0 ,0 0 0 ..................................... 15,338,985 15,598,458 15,682,523 97.6 99.3 99.8 14,169,737 16,909,520 20,835,764 50.3 60.1 74.0

2 5 0 ,0 0 0 to 5 0 0 ,0 0 0 .....................................

5 0 0 0 0 0 to 1 0 0 0 ,0 0 0 .................................

12,832,236 13,075,520 13,161,512 97.3 99.1 99.8 12,753,385 15,544,772 19,826,375 44.5 54.2 69.2

27,990,618 28,480,822 28,640,667 97.5 99.3 99.8 24,556,619 29,823,932 37,394,562 44.0 53.4 67.0

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 .............................

2 ,5 0 0 ,0 0 0 or m o re ............................. —

7,779,154 7,951,218 8,009,370 96.9 99.0 99.8 8,653,721 10,545,880 13,330,691 43.7 53.2 67.3

10,246,758 10,561,666 10,693,806 95.3 98.2 99.4 13,917,644 18,172,511 25,603,118 24.8 32.4 45.7

126 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Class of bank

N a tio n a l.............................................................. 82,002,019 83,488,554 83,958,066 97.5 99.3 99.8 79,459,432 94,986,829 116,648,508 48.6 58.1 71.3

S tate, m e m b e rs F. R. S y s te m .................. 31,237,213 31,868,590 32,087,075 97.1 99.1 99.8 32,860,387 40,001,839 50,784,044 40.0 48.7 61.8

State, n o t m e m b e rs F. R. S y s te m .......... 37,986,928 38,526,050 38,667,794 98.2 99.6 99.9 34,445,464 39,206,742 44,392,494 69.4 79.0 89.5

Banks with percent of deposits insured of— 1

100 p e rc e n t...................................................... 1,972 177,713 1,714,685 100.0 100.0 100.0 876 157,732 1,681,379 100.0 100.0 100.0

9 0 to 1 0 0 ........................................................... 3,022,852 17,459,768 51,950,631 98.9 99.7 99.9 2,688,724 18,472,069 61,220,858 92.4 93.7 95.5

8 0 to 9 0 ............................................................. 17,346,290 31,374,689 32,396,860 98.4 99.6 99.9 16,731,556 33,404,290 41,005,319 84.0 85.0 85.0

70 to 8 0 ............................................................. 27,955,316 27,289,189 39,051,596 98.0 99.5 99.9 26,766,223 28,956,093 47,399,446 74.9 75.3 74.8

60 to 7 0 ............................................................. 26,300,456 39,521,851 14,258,194 97.9 99.4 99.7 24,646,340 40,200,191 23,496,049 65.2 64.5 65.1

50 to 6 0 ............................................................. 37,773,931 16,164,848 5,749,031 97.8 99.1 99.5 32,093,065 18,602,562 12,955,329 54.8 55.1 55.3

4 0 to 5 0 ............................................................. 17,849,744 9,150,985 7,332,108 97.2 98.8 99.4 17,958,934 12,344,911 17,163,501 45.6 45.9 45.2

3 0 to 4 0 ............................................................. 9,167,116 7,491,087 2,072,876 96.6 98.2 99.1 10,057,349 12,611,479 6,060,069 35.8 34.7 36.4

2 0 to 3 0 ............................................................. 8,335,563 4,933,234 186,349 95.2 97.9 97.8 11,216,228 8,585,302 842,309 25.2 26.8 21.5

10 to 2 0 ............................................................. 3,325,754 171,991 605 94.8 95.1 99.8 4,377,656 497,872 787 17.9 18.2 10.3

O to 1 0 ................................................................ 147,166 147,839 0 91.1 94.6 .0 228,330 362,911 0 5.8 9.9 .0

Type of account

D em and (IP C 2) ................................................ 68,449,173 69,403,308 69,859,290 97.8 99.2 99.8 60,181,272 73,882,443 92,979,885 48.7 59.8 75.2

Savings and tim e (IP C 2) ............................. 66,807,568 68,357,628 68,588,882 97.3 99.6 99.9 78,440,079 87,689,321 95,332,789 70.7 79.0 85.9

U. S. G o v e rn m e n t.......................................... 80,077 85,608 91,523 82.9 88.6 94.7 271,463 471,703 1,023,092 3.7 6.4 13.8

S tate a nd p o litica l s u b d iv is io n s ............... 242,503 293,062 347,901 63.6 76.9 91.2 2,051,876 3,709,107 7,832,166 10.0 18.1 38.2

In te rb a n k .......................................................... 34,354 56,619 91,123 26.8 44.2 71.2 1,102,102 2,330,736 6,102,503 6.0 12.7 33.4

U n invested tru s t fu n d s ............................... 1,299,073 1,334,836 1,354,685 95.5 98.1 99.6 1,675,191 2,249,612 3,107,685 35.7 48.0 66.3

D ra fts .................................................................. 898,324 913,612 929,282 96.0 97.7 99.4 696,490 1,122,279 2,021,447 22.0 35.5 63.9

O ther ite m s ....................................................... 13,415,088 13,438,521 13,450,249 99.7 99.9 100.0 2,346,779 2,740,162 3,425,415 34.9 40.7 50.9

1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 41.

2 IPC refers to individuals, partnerships, and corporations.

INSURANCE PROTECTION ASSUMING ALTERNATIVE COVERAGES 127

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 40. NUMBER OF ACCOUNTS FULLY PROTECTED AND DEPOSITS INSURED ASSUMING ALTERNATIVE AMOUNTS OF MAXIMUM 

COVERAGE PER ACCOUNT, INSURED MUTUAL SAVINGS BANKS, NOVEMBER 18, 1964 

BANK S GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, SIZE OF TO TA L DEPOSITS,

PO PU LATIO N OF CENTER OF LOCATION, AND PERCENT OF TO TAL DEPOSITS INSURED;

AND ACCOUNTS GROUPED BY TYPE

C lassifica tion

N u m b e r o f accou nts fu lly protected 

a ssu m in g m a xim u m coverage 

per a ccou nt o f—

P ercent of accou nts fu lly 

protected assu m in g 

m axim um coverage 

per account o f—

D eposits (in th o u sa n d s) 

in su re d assu m in g m a xim u m 

coverage per a cco u n t of

P ercent o f d ep osits 

in su re d a ssu m in g 

m a xim u m coverage 

per a cco u n t o f— ’

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000

United States.......................................... 18,615,718 19,769,286 19,809,998 94.0% 99.8% 100.0% $37,348,284 $41,305,772 $41,765,137 88.6% 98.0% 99.1%

FDIC District

D is tric t 1 ..................................................... 3,953,136 4,126,880 4,138,368 95.5 99.7 100.0 6,340,666 7,104,546 7,201,384 87.9 98.5 99.8

D is tric t 2 ................................ 11,882,150 12,750,232 12,770,349 93.0 99.8 100.0 26,957,112 29,620,946 29,866,610 89.3 98.1 98.9

D is tric t 3 1,592,673 1,661,547 1,668,029 95.5 99.6 100.0 2,436,184 2,779,642 2,863,979 84.3 96.2 99.1

D is tric t 4 .............................. 527,036 539,752 540,910 97.4 99.8 100.0 582,613 651,585 670,215 86.5 96.7 99.5

D is tric t 7 ...................................... 83,668 85,349 85,490 97.9 99.8 100.0 83,696 91,317 94,083 88.5 96.6 99.5

D is tric t 9 ................................................... 255,761 264,495 264,990 96.5 99.8 100.0 389,457 431,234 437,365 88.9 98.4 99.8

D is tric t 1 2 ......................................................... 321,294 341,031 341,862 94.0 99.8 100.0 558,556 626,503 631,502 88.2 98.9 99.7

State

C o n n e cticu t ................................................... 2,015,606 2,102,434 2,107,701 95.6 99.7 100.0 3,050,802 3,430,215 3,455,574 88.2 99.2 99.9

Delaw are .......................................................... 99,138 104,519 104,769 94.6 99.8 100.0 173,862 198,911 201,935 85.3 97.6 99.1

Indiana ............................................ 46,739 47,831 47,939 97.5 99.8 100.0 57,349 62,879 65,152 87.4 95.8 99.3

M aine .................. 348,013 359,426 360,042 96.7 99.8 100.0 472,677 514,540 522,820 90.3 98.3 99.9

M a ry la n d ........................................................... 527,036 539,752 540,910 97.4 99.8 100.0 582,613 651,585 670,215 86.5 96.7 99.5

M a s s a c h u s e tts ................................................ 637,999 675,248 678,038 94.1 99.6 100.0 1,344,171 1,519,190 1,536,687 87.4 98.8 99.9

M in n e so ta ....................................... 255,761 264,495 264,990 96.5 99.8 100.0 389,457 431,234 437,365 88.9 98.4 99.8

N ew H a m p s h ire ............................................ 440,848 458,474 459,849 95.9 99.7 100.0 678,801 756,297 779,808 86.7 96.7 99.7

N ew Jersey .................................... 979,518 1,028,631 1,031,557 95.0 99.7 100.0 1,641,163 1,827,074 1,855,173 8&.3 98.3 99.8

New Y o rk ........................................................... 10,803,494 11,617,082 11,634,023 92.9 99.8 100.0 25,142,087 27,594,960 27,809,502 89.3 98.1 98.8

O hio .......... 31,792 32,257 32,279 98.5 99.9 100.0 24,792 26,584 27,365 87.6 93.9 96.6

O re g o n ................................................................

P e n n s y lv a n ia ...................................................

Rhode Island ....................................

22,739 24,654 24,770 91.8 99.5 100.0 54,710 60,464 63,087 84.7 93.6 97.7

1,560,881 1,629,290 1,635,750 95.4 99.6 100.0 2,411,392 2,753,058 2,836,615 84.3 96.2 99.2

417,049 433,628 434,854 95.9 99.7 100.0 639,855 715,984 734,757 86.7 97.0 99.6

V e rm o n t............................................................. 93,621 97,670 97,884 95.6 99.8 100.0 154,359 168,320 171,737 88.5 96.5 98.5

W a s h in g to n .......................................................

W isconsin ....................................

294,190 311,816 312,498 94.1 99.8 100.0 495,168 556,380 557,589 88.8 99.8 100.0

36,929 37,518 37,551 98.3 99.9 100.0 26,347 28,438 28,931 91.1 98.3 100.0

A la s k a ................................................................. 4,365 4,561 4,594 94.9 99.2 99.9 8,678 9,658 10,826 78.8 87.7 98.3

128 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
B a nks w ith to ta l d e p o s its o f—

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 ........................ 4,878 4,960 4,966 98.2 99.9 100.0 4,655 4,953 4,993 93.2 99.2 100.0

$ 2 ,0 0 0 ,0 0 0 to $ 5 ,0 0 0 ,0 0 0 ........................ 31,969 32,625 32,652 97.9 99.9 100.0 34,260 36,487 36,694 93.4 99.4 100.0

$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 ..................... 152,004 157,106 157,335 96.6 99.9 100.0 206,606 224,947 227,227 90.9 99.0 100.0

$ 1 0 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 0 ............... 836,619 869,157 870,760 96.1 99.8 100.0 1,224,266 1,345,358 1,361,739 89.8 98.7 99.9

$ 2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 .................. 1,197,624 1,253,355 1,255,847 95.4 99.8 100.0 1,906,545 2,107,711 2,127,281 89.5 99.0 99.9

$ 5 0 ,0 0 0 ,0 0 0 to $ 1 0 0 ,0 0 0 ,0 0 0 ................ 1,371,531 1,442,447 1,445,685 94.9 99.8 100.0 2,404,954 2,661,795 2,696,624 88.9 98.3 99.6

$ 1 0 0 ,0 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 ,0 0 0 ............. 4,461,905 4,698,442 4,706,285 94.8 99.8 100.0 8,025,233 8,821,198 8,907,605 89.7 98.6 99.6

$ 2 5 0 ,0 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 ,0 0 0 ............. 3,832,923 4,048,684 4,056,871 94.5 99.8 100.0 7,275,261 8,077,722 8,170,565 88.3 98.0 99.2

$ 5 0 0 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ,0 0 0 ......... 4,056,186 4,366,248 4,374,779 92.7 99.8 100.0 9,624,067 10,574,609 10,658,024 89.8 98.7 99.5

$ 1 ,0 0 0 ,0 0 0 ,0 0 0 to $ 2 ,5 0 0 ,0 0 0 ,0 0 0 . . . 2,670,079 2,896,262 2,904,818 91.9 99.7 100.0 6,642,438 7,450,992 7,574,384 85.4 95.8 97.4

B a n ks in c e n te rs w ith p o p u la tio n in 

1960 o f—

Less th a n 2 5 0 ................................................. 4,869 5,045 5,074 96.0 99.4 100.0 6,208 7,378 7,613 81.5 96.9 100.0

2 5 0 to 5 0 0 ........................................................ 4,056 4,133 4,135 98.1 100.0 100.0 4,169 4,372 4,378 95.2 99.9 100.0

500 to 1 ,0 0 0 .................................................... 3,485 3,610 3,619 96.3 99.8 100.0 5,275 5,798 5,838 90.4 99.3 100.0

1,000 to 2 ,5 0 0 ................................................ 208,987 218,680 219,123 95.4 99.8 100.0 331,319 368,474 371,317 89.2 99.2 100.0

2 ,5 0 0 to 5 ,0 0 0 ................................................ 239,672 252,440 253,036 94.7 99.8 100.0 422,083 468,185 473,074 88.9 98.6 99.7

5 ,0 0 0 to 1 0 ,0 0 0 ............................................. 238,625 248,913 249,264 95.7 99.9 100.0 366,149 401,906 405,793 90.1 98.9 99.9

10 ,0 0 0 to 2 5 ,0 0 0 .......................................... 699,685 731,690 733,207 95.4 99.8 100.0 1,126,813 1,248,297 1,262,469 89.2 98.8 99.9

2 5 ,0 0 0 to 5 0 ,0 0 0 ........................................... 1,191,906 1,250,094 1,252,906 95.1 99.8 100.0 1,954,114 2,173,054 2,200,909 88.5 98.4 99.7

5 0 ,0 0 0 to 1 0 0 ,0 0 0 ........................................ 1,196,758 1,252,828 1,255,237 95.3 99.8 100.0 1,998,753 2,204,039 2,234,689 89.1 98.3 99.6

1 0 0 ,0 0 0 to 2 5 0 ,0 0 0 ..................................... 2,516,876 2,631,030 2,636,079 95.5 99.8 100.0 3,902,945 4,336,904 4,375,839 89.0 98.9 99.8

2 5 0 ,0 0 0 to 5 0 0 ,0 0 0 ..................................... 1,161,919 1,216,752 1,219,560 95.3 99.8 100.0 1,879,105 2,089,450 2,120,656 88.2 98.0 99.5

5 0 0 ,0 0 0 to 1 ,0 0 0 ,0 0 0 ................................. 1,821,988 1,927,078 1,932,544 94.3 99.7 100.0 3,353,316 3,743,140 3,793,273 88.0 98.3 99.6

1 ,0 0 0 ,0 0 0 to 2 ,5 0 0 ,0 0 0 ............................. 1,470,491 1,531,216 1,536,819 95.7 99.6 100.0 2,164,395 2,465,639 2,539,583 84.4 96.2 99.1

2 ,5 0 0 ,0 0 0 or m o re ........................................ 7,856,401 8,495,777 8,509,395 92.3 99.8 100.0 19,833,642 21,789,135 21,969,705 89.1 97.8 98.7

B a nks w ith p e rce n t o f d e p o s its in ­

sured o f— 1

100 p e rc e n t...................................................... 0 8,138 411,490 .0 100.0 100.0 0 8,632 652,930 .0 100.0 100.0

9 0 to 1 0 0 ........................................................... 7,727,482 19,756,587 19,398,508 94.5 99.8 100.0 14,840,750 41,287,482 41,112,207 91.5 98.0 99.1

80 to 9 0 ............................................................. 10,845,257 4,561 0 93.6 99.2 .0 22,432,363 9,658 0 86.8 87.7 .0

70 to 8 0 ............................................................. 42,979 0 0 94.4 .0 .0 75,171 0 0 76.7 .0 .0

Type o f a cco u n t

D em and (IP C 2) ............................................... 907,443 908,231 908,468 99.9 100.0 100.0 204,821 212,677 218,860 92.6 96.1 98.9

Savings and tim e (IP C 2) ............................. 16,860,116 18,010,938 18,050,610 93.4 99.8 100.0 36,972,790 40,897,448 41,315,556 88.7 98.2 99.2

U. S. G o v e rn m e n t.......................................... 7,565 7,601 7,630 99.1 99.6 99.9 1,995 2,698 3,670 49.7 67.2 91.4

S tate and p o litica l s u b d iv is io n s .............. 6,908 7,308 7,493 91.7 97.0 99.5 14,411 19,611 26,229 45.3 61.6 82.4

In te rb a n k .......................................................... 266 316 324 81.8 97.2 99.7 2,059 2,492 2,686 76.3 92.4 99.6

U n in ve ste d tru s t fu n d s ............................... 680 726 747 90.8 96.9 99.7 1,480 2,100 2,542 56.7 80.4 97.3

D ra fts .................................................................. 409,394 410,532 410,932 99.6 99.9 100.0 95,374 109,132 130,404 64.5 73.8 88.2

O th e r ite m s ...................................................... 423,346 423,634 423,794 99.9 100.0 100.0 55,353 59,615 65,190 82.4 88.7 97.0

1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 41.

2 IPC refers to individuals, partnerships, and corporations.

INSURANCE PROTECTION ASSUMING ALTERNATIVE COVERAGES 129

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 41. DISTRIBUTION OF INSURED BANKS BY PERCENTAGE OF DEPOSITS INSURED ASSUMING ALTERNATIVE AMOUNTS OF

MAXIMUM COVERAGE, NOVEMBER 18, 1964

P e rce n t o f d e p o sits insured

N u m b e r o f banks by p e rce n t o f total 

dep osits insured a ssu m in g m axim um 

coverage per a cco u n t of—

P ercentage o f banks by p e rce n t o f 

total d e p o sits insured assu m in g 

m axim um coverage per a cco u n t o f—

$ 1 0 ,0 0 0 $ 2 5 ,0 0 0 $ 1 0 0 ,0 0 0 $ 1 0 ,0 0 0 $ 2 5 ,0 0 0 $ 1 0 0 ,0 0 0

All insured banks................................................................................................................... 13,795 13,795 13,795 100.0% 100.0% 100.0%

Banks with percent of deposits insured of—

1 00 p e rc e n t.................................................................................................................................. 5 156 890 .0 1.1 6.5

9 0 to 1 0 0 ....................................................................................................................................... 1,497 5,559 10,179 10.9 40.3 73.8

8 0 to 9 0 .......................................................................................................................................... 4,474 4,513 1,818 32.4 32.7 13.2

70 to 8 0 .......................................................................................................................................... 4,029 2,089 571 29.2 15.1 4.1

6 0 to 7 0 .......................................................................................................................................... 2,129 876 211 15.4 6.4 1.5

50 to 6 0 .......................................................................................................................................... 1,001 353 83 7.3 2.6 .6

4 0 to 5 0 .......................................................................................................................................... 389 151 30 2.8 1.1 .2

3 0 to 4 0 .......................................................................................................................................... 172 72 8 1.2 .5 .1

2 0 to 3 0 .......................................................................................................................................... 79 18 4 .6 .1 .0

10 to 2 0 .......................................................................................................................................... 16 6 1 .1 .0 .0

O to 1 0 ............................................................................................................................................. 4 2 0 .0 .0 .0

Insured commercial banks........................................ .................................... 13,468 13,468 13,468 100.0 100.0 100.0

Banks with percent of deposits insured of—

100 p e rc e n t.................................................................................................................................. 5 153 861 .0 1.1 6.4

9 0 to 1 0 0 ........................................................................................................................................ 1,325 5,236 9,881 9.8 38.9 73.4

8 0 to 9 0 .......................................................................................................................................... 4,323 4,512 1,818 32.1 33.5 13.5

70 to 8 0 .......................................................................................................................................... 4,025 2,089 571 29.9 15.5 4.2

60 to 7 0 .......................................................................................................................................... 2,129 876 211 15.8 6.5 1.6

50 to 6 0 .......................................................................................................................................... 1,001 353 83 7.4 2.6 .6

4 0 to 5 0 .......................................................................................................................................... 389 151 30 2.9 1.1 .2

3 0 to 4 0 .......................................................................................................................................... 172 72 8 1.3 .5 .1

2 0 to 3 0 .......................................................................................................................................... 79 18 4 .6 .1 .0

10 to 2 0 .......................................................................................................................................... 16 6 1 .1 .0 .0

O to 1 0 ............................................................................................................................................. 4 2 0 .0 .0 .0

Insured mutual savings banks............................................................................................ 327 327 327 100.0 100.0 100.0

Banks with percent of deposits insured of—

100 p e rc e n t................................................................................................................................... 0 3 29 .0 .9 8.9

9 0 to 1 0 0 ........................................................................................................................................ 172 323 298 52.6 98.8 91.1

80 to 9 0 .......................................................................................................................................... 151 1 0 46.2 .3 .0

70 to 8 0 .......................................................................................................................................... 4 0 0 1.2 .0 .0

130 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKING DEVELOPMENTS

PART FOUR

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUPERVISORY STATUS OF BANKS

Number of banks. On December 31, 1964, there were 14,281 

banks and trust companies operating in the United States. These 

consisted of 13,775 commercial banks and trust companies, and 

506 mutual savings banks. The number of banks operating on 

December 31, 1964, classified by supervisory status, by type of 

bank, and by participation in Federal deposit insurance is shown 

in Table 42.

Table 42. ALL BANKS IN THE UNITED STATES' CLASSIFIED BY SUPERVISORY 

STATUS AND FEDERAL DEPOSIT INSURANCE PARTICIPATION, 

DECEMBER 31, 1964

Supervisory status

All banks

Commercial banks 

and trust 

companies 2

Mutual savings 

banks

Total Insured

Noninsured InsuredNoninsured InsuredNoninsured 3

Number of banks and trust

companies—total.............. 14,281 13,820 461 13,493 282 327 179

Banks of deposit.................. 14,234 13,820 414 13,493 235 327 179

Examined by and reporting to: 4 

Comptroller of the Currency 5.......... 4,780

1,447

7,593

414

4,780

1,447

7,593

4,780 

1 f 447

State authorities and Federal 

Reserve banks 6 ............................

State authorities and Federal 

Deposit Insurance Corporation 7.. 

State authorities only 8.....................

7,266 327

414 235 179

Trust companies not regularly engaged in deposit

banking 9 47 47 47

Percentage insured and noninsured :

A ll banks and trust companies............ 100.0%

100.0

100.0

96.8%

97.1

3.2%

2.9

100.0

98.0%

98.3

2.0%

1.7

100.0

64.6%

64.6

35.4%

Banks of deposit....................................

Trust companies not regularly engaged 

in deposit banking ..........................

35.4

1 Here and in Tables 43-57, except as otherwise noted, United States includes the 50 States, District of Columbia, and 

Other Areas (enumerated in Table 102).

2 Includes stock savings banks.

3 171 of these banks were insured by the Massachusetts Savings Central Fund, Inc.

4 Classification relates to regular examination and periodic submission of reports of condition (assets and liabilities).

5 Includes all national banks and 7 nonnational banks in the District of Columbia; of the latter, 4 are members of the 

Federal Reserve System.

6 Includes all State banks that are members of the Federal Reserve System except 4 commercial banks in the District 

of Columbia and 1 noninsured trust company.

7 Includes all insured banks not members of the Federal Reserve System except 3 in the District of Columbia.

8 Includes 22 branches of foreign banks located in 3 States, Puerto Rico and the Virgin Islands. Also includes 74 

unincorporated banks located in 7 States. Unincorporated banks in 3 of these States (Georgia, Iowa, and Texas) are not 

examined by the State authorities, and do not submit detailed periodic condition reports to the State authorities. Financial 

statements of 4 unincorporated banks were not available to the Corporation at the close of 1964.

9 Subject to supervision by State authorities only, except for 1 which is a member of the Federal Reserve System but 

not insured by the Corporation. Excludes institutions chartered under banking or trust company laws, but operating as 

investment or title insurance companies and not engaged in deposit banking nor fiduciary activities.

All banks of deposit in the United States are subject to examination and regulation under Federal law or by the banking authority 

of the State, Territory, or District in which the bank is located.1 At

‘ United States Code, Title 12, Section 378.

133

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

the close of 1964, approximately one-third of the banks, consisting 

of all national banks in the nation plus the nonnational banks in 

the District of Columbia, were supervised by the Comptroller of 

the Currency. State banks that were members of the Federal Reserve System, which constituted about one-tenth of all operating 

banks, were supervised by their respective State authorities and 

the Federal Reserve Banks. Nonmember State banks that participated in Federal deposit insurance, comprising over one-half of 

all banks, were supervised by their respective State authorities and 

the Federal Deposit Insurance Corporation. About 3 percent of all 

banks were State banks neither members of the Federal Reserve 

System nor participants in Federal deposit insurance, and therefore not subject to examination or reporting requirements by Federal bank supervisory authorities, but subject to supervision by 

their respective State authorities.

Assets and deposits of all banks. Banks supervised by both the 

State authorities and the Federal Deposit Insurance Corporation 

constitute more than one-half of the total number and hold onefourth of the assets of all banks. The distribution of assets among 

banks, classified by supervisory status, type of bank, and Federal 

deposit insurance participation at the end of 1964, is shown in 

Table 43.

Table 43. ASSETS OF BANKS CLASSIFIED BY SUPERVISORY STATUS AND 

FEDERAL DEPOSIT INSURANCE PARTICIPATION, DECEMBER 31, 1964

Supervisory status

All banks

Commercial banks 

and trust 

companies 1

Mutual savings 

banks

Total Insured

Noninsured Insured

Noninsured Insured

Noninsured

Assets of banks and trust companies

(in millions)—total..................... $402,673

402,386

191,295

98,075

102,804

10,212

287

100.0%

100.0

100.0

$392,174

392,174

191,295

98,075

102,804

$10,499

10,212

$345,130

345,130

191,295

98,075

55,760

$3,303

3,016

$47,044

47,044

$7,196

........................... 7,196Banks of deposit

Examined by and reporting to:

Comptroller of the Currency..........................

State authorities and Federal Reserve banks 

State authorities and Federal Deposit Insurance Corporation.......................................... 47,044

State authorities only...................................... 10,212

287

i

2.6%

2.5

100.0

3,016

287

0.9%

0.9

100.0

7,196

Trust companies not regularly

engaged in deposit banking. ..

Percentage in insured and noninsured banks:

All banks and trust companies.......................... 97.4%

97.5

99.1%

99.1

86.7%

86.7

13.3%

Banks of deposit.................................................. 13.3

Trust companies not regularly engaged in 

deposit banking................................................

1 See notes to Table 42.

N o te: Due to rounding, components may not add to totals.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
SUPERVISORY STATUS OF BANKS 135

Total deposits were distributed among the various classes and 

groups of banks in approximately the same proportions as assets. 

A distribution of deposits of all banks, classified as above, is given 

in Table 44.

Table 44. DEPOSITS OF BANKS CLASSIFIED BY SUPERVISORY STATUS AND 

FEDERAL DEPOSIT INSURANCE PARTICIPATION, DECEMBER 31, 1964

Supervisory status 1

All banks

Commercial banks 

and trust 

companies

Mutual savings 

banks

Total Insured

Noninsured InsuredNoninsured Insured

Noninsured

Deposits of banks and trust companies (in millions)—total....... $357,565 $348,981 $8,584 $306,230 $2,197 $42,751 $6,387

Demand................................................................. 180,538

177,027

357,449

179,024

169,957

348,981

1,514

7,070

178,691

127,539

306,230

1,508

689

333 6

Time and savings................................................. 42,418

42,751

6,381

Banks of deposit........................... 8,468 2,080 6,387

Demand.............................................................. 180,453

176,997

99.250 

71,275

52.250 

33,167

27,525

65,515

1,428

7,039

116

179,024

169,957

99.250 

71,275

52.250 

33,167

27,525

65,514

1,428

7,039

178,691

127,539

99.250 

71,275

52.250 

33,167

27,192

23,097

1,422

658

333 6

Time and savings............................................. 42,418 6,381

Examined by and reporting to:

Comptroller of the Currency 

Demand.........................................................

Time and savings.........................................

State authorities and Federal Reserve banks 

Demand.........................................................

Time and savings.......................................

State authorities and Federal Deposit 

Insurance Corporation 

Demand......................................................... 333

Time and savings......................................... 42,418

State authorities only 

Demand.......................................................... 1,428

7,039

116

1,422

658

6

Time and savings......................................... 6,381

Trust companies not regularly engaged in deposit banking....... 116

Demand......................................................... 86 86 86

Time and savings......................................... 31 31 31

Percentage in insured and noninsured banks:

All banks and trust companies.......................... 100.0%

100.0

97.6% 2.4%

2.4

99.3% 0.7% 87.0% 13.0%

Banks of deposit.................................................. 97.6 99.3 0.7 87.0 13.0

Trust companies not regularly engaged in 

deposit banking................................................ 100.0 100.0 100.0

1 See notes to Table 42.

N ote: Due to rounding, components may not add to totals.

Table 45. RATIOS OF CAPITAL ACCOUNTS TO ASSETS OF BANKS OF DEPOSIT 

CLASSIFIED BY SUPERVISORY STATUS AND FEDERAL DEPOSIT 

INSURANCE PARTICIPATION, DECEMBER 31, 1964

Supervisory status 1

All banks

Commercial banks 

and trust 

companies

Mutual

savings

banks

Total Insured

Noninsured Insured

Noninsured InsuredNoninsured

All banks of deposit......................... 8.0% 7.9% 11.0% 8.0% 15.1% 7.9% 9.3%

Examined by and reporting to:

Comptroller of the Currency.......................... 7.9 7.9 7.9

State authorities and Federal Reserve banks 7.9 7.9 7.9

State authorities and Federal Deposit 

Insurance Corporation. . . . . . 8.0 8.0 8.1 7.9

State authorities only...................................... 11.0 11.0 15.1 9.3

1 See notes to Table 42.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Capital ratios. Table 45 shows the ratios of total capital accounts 

to assets (less valuation reserves) of all banks of deposit, classified 

according to supervisory status and Federal deposit insurance 

participation. The overall ratio for these banks was 8.0 percent on 

December 31, 1964, down from 8.2 percent on December 20, 1963.

CHANGES IN NUMBER OF BANKING OFFICES

Increases during 1964. The 29,727 banking offices in the United 

States on December 31, 1964, consisting of 14,281 banks and 

15,446 branches, exceeded by 1,358 the total of a year earlier. 

The increase of 189 banks in 1964 was 48 more than the gain in 

the previous year, but the net addition of 1,169 branches was 30 

less than the increase for 1963. As shown in Table 46, 126 branches 

were established as successors to the 138 banks absorbed by 

other banks in 1964.

Table 46. ANALYSIS OF CHANGES IN NUMBER OF BANKS AND BRANCHES IN 

THE UNITED STATES DURING 1964'

Type of office and change Total

Commercial 

banks and 

trust 

companies

Mutual

savings

banks

ALL BANKING OFFICES

Number, December 31, 1964........................................................................................ 29,727 

+ 1,358

28,546 

+ 1,312

1,181

N et change during y e a r....................................................................... +46

BANKS

Number, December 31, 1964........................................................................................ 14,281 

+ 189

13,775

+193

335

506

N et change during y ea r....................................................................... - 4

Banks beginning operations..................................................................................... 336 1

Banks ceasing operations......................................................................................... 149 144 5

Absorbed................................................................................................................. 138 133 5

Suspended.............................................................................................................. 8 8

Other liquidations 2 ........................................................................................... 3 3

Other or unclassified changes— net........................................................................ + 2 + 2

BRANCHES3

Number, December 31, 1964........................................................................................ 15,446 

+ 1,169

14,771

+1,119

675

N et change during y ea r....................................................................... +50

Branches beginning operations............................................................................... 1,209

126

1,160

123

49

Succeeded absorbed banks.................................................................................. 3

Other new branches.............................................................................................. 1,083

39

1,037

39

46

Branches discontinued..............................................................................................

Other or unclassified changes— net........................................................................ - 1 - 2 + 1

1 Excludes changes not affecting number of banks or branches of commercial banks and trust companies or of mutual 

savings banks.

2 Includes 1 bank which ceased banking operations but now engages in other business.

3 Includes facilities established in or near military or other Federal Government installations at request of the Treasury 

Department or the Commanding Officer of the installation.

Back data: See Annual Reports for 1963, p. 60; and for 1962, p. 59.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CHANGES IN NUMBER OF BANKING OFFICES 137

CHART G 33 STATES HAD FEWER BANKS IN 1964 THAN IN 1934,

WHILE NONE HAD FEWER BRANCHES

DECREASE

300

INCREASE

300

DECREASE

600 900

INCREASE

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Changes since 1934. During the past 30 years the number of 

banking offices in the United States has grown by about 10,350. 

This growth is the combined effect of a net decline of nearly 1,850 

in the number of banks and a net rise of approximately 12,200 in 

the number of branches.

Chart G shows for each State, classified by status of branch 

banking, the change in banks and branches during the years 1935- 

1964. There were 11 percent fewer banks operating in the entire 

United States in 1964 than 1934, but 54 percent more banking 

offices. In 33 States and the District of Columbia, there were net 

declines in the number of banks over the period, while in only 

four States were there decreases in total banking offices. Changes 

in offices were small in most States in which unit banking has been 

prevalent.

Approximately 3,000 new banks began operation in the years 

1935-1964. The number opened yearly ranged from 22 in 1942 to 

336 in 1964, with more than one-fifth of the total for the period 

occurring during the last two years. The new banks consisted of 

nearly 800 national banks and 2,200 State banks. Although the 

number of national banks opened has increased markedly in the 

last three years, only about one-third of the banks operating at

CHARTh NEWLY CHARTERED NATIONAL BANKS OVERTOOK

“ V T NEW STATE BANKS IN 1963

«

I

I

- f -

/

/

I

JL_

r -

/\ / i

\ STATE BANKS / \ / \ / H ------------------ ix f ^ j

\ I \ _ / v J

^ — /------------------- ;

\ _ f NATIONAL BANKS /

3 0 -------------^ — \ j I----------------------------------------

 * — y s / --------------------- 1 30

/•' — y N—

° f'T T > T 7 l V f 1 I I I I I [ I I I I I I 1 I ! I ! I I I |°

1964

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CHANGES IN NUMBER OF BANKING OFFICES 139

the close of 1964 had national charters, slightly below the proportion 30 years earlier. Chart H shows the numbers of national and 

State banks opened in each year, 1935-1964.

New branches opened during the 30-year period, exclusive of 

branches succeeding absorbed banks, totaled about 11,000. The 

number opening has increased rapidly in recent years, rising from 

fewer than 500 each year prior to 1956 to more than 1,000 in each 

of the last two years. Of the 2,155 new branches opened in 1963- 

1964, 57 percent were branches of national banks. National bank 

branches comprised 53 percent of all bank branches in 1964, compared to 40 percent thirty years ago.

CONCENTRATION AND LOCATION OF BANKING FACILITIES

Share of deposits in largest commercial banks in the United States.

Table 47 shows the proportion of deposits in all commercial banks 

held by the largest banks and bank groups on December 31, 1964. 

In the bank-group classification, deposits of all banks controlled 

by an individual company registered under the Bank Holding Company Act of 1956, and one additional group controlled by common 

stock ownership, were treated as the deposits of one bank.

About one-fifth of the deposits of all commercial banks were 

in the largest 10 banks, and slightly over one-half of all deposits 

were in the largest 1 percent (134) of the banks or bank groups. 

In most cases, percentages for the banks had not changed substantially since 1962, although they were higher than in 1960.

Banking concentration in areas grouped by type of banking structure. Data showing percentages of deposits in commercial banks 

in each State on December 31, 1964 held by the largest banks or 

bank groups are given in Table 48. The States are grouped according to the status of branch banking under the laws of each State 

as of December 31, 1958, in order to facilitate comparison with 

similar tables in earlier annual reports. In spite of some changes 

in State statutes since that date, the status of branching in the 

individual States still conforms in general with the classification 

adopted.

Concentration of deposits among banks is highest in States in 

which statewide branch banking is prevalent; in five of these States, 

the largest five banks held more than 90 percent of the deposits 

of all banks in the State. In only two of the States with limited-area 

branch banking, and in no State with unit banking, was as much 

as 50 percent of the deposits held by the largest five banks. However, in certain unit banking States where group banking is prominent, e.g., Minnesota and Montana, deposits in the five largest

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 47. COMMERCIAL BANK DEPOSITS AND PROPORTIONS OF TOTAL HELD 

BY THE LARGEST COMMERCIAL BANKS OR BANK GROUPS, 

DECEMBER 31, 1964

Commercial banks Commercial banks 

and bank groups 1

Entire

United

States

50 States 

and 

D. C.

48 States 

and 

D. C.

Entire

United

States

50 States 

and 

D. C.

48 States 

and 

D. C.

All com m ercial banks

Number .................................................................... 13,775 13,760

$307,146

.73%

$142,199

46.30%

13,736

$306,426

.73%

$142,199

46.41%

13,395

$308,427

.75%

$147,834

47.93%

13,380

$307,146

.75%

$147,360

47.98%

13,356

$306,426

.75%

$147,360

48.09%

Deposits (millions) .............................................. $308,427

• 73% 

$142,673 

46.26%

Largest 100 banks (or bank groups)

Percent of number of all commercial banks..........

Deposits (millions)................ ....................

Percent of deposits of all commercial banks.........

Largest 10 banks (or bank groups)

Deposits (millions)............... ........................ $63,645

20.64%

$63,171 $63,171

20.62%

$63,645

20.64%

$63,171

20.57%

$63,171

20.57% 20.62%Percent of deposits of all commercial banks.........

Largest 5 banks (or bank groups)

Deposits (m illions).................................................. $43,611

14.14%

$43,137 $43,137 $43,611

14.14%

$43,137

14.04%

$43,137

Percent of deposits of all commercial banks......... 14.04% 14.08% 14.08%

Largest 3 banks (or bank groups)

Deposits (m illions). . . . .................... $32,664

10.59%

$32,190

10.48%

$32,190

10.50%

$32,664

10.59%

$32,190

10.48%

$32,190

Percent of deposits of all commercial banks......... 10.50%

Largest bank (or bank group)

Deposits (m illions)............ ....................

i

$12,996

4.21%

$12,970

4.22%

$12,970

4.23%

$12,996

4.21%

$12,970

4.22%

$12,970

......... 4.23%Percent of deposits of all commercial banks

Largest 1 percent of the banks (or bank

groups)

Number........................................................................

Deposits (m illions)....................................................

Percent of deposits of all commercial banks.........

' 138 

$155,578 

50.44%

138

$155,104

50.50%

137

$154,729

50.49%

134

$160,129

51.92%

134

$159,655

51.98%

134

$159,606

52.09%

Largest V2 of 1 percent of the banks (or

bank g ro u p s ).............................................

Number........................................................................

Deposits (m illions)....................................................

Percent of deposits of all commercial banks.........

69

$127,860 

! 41.46%

69

$127,386

41.47%

69

$127,386

41.57%

67

$131,335

42.58%

67

$130,816

42.61%

67

$130,861

42.71%

Largest 1 /1 0 of 1 percent of the banks

Number.......................................................................

Deposits (m illions)....................................................

Percent of deposits of all commercial banks.........

14

$75,701

24.54%

14

$75,227

24.49%

14

$75,227

24.55%

13

$73,325

23.77%

13

$72,851

23.72%

13

$72,851

23.77%

1 Figures for bank groups are the deposits of banks in each State controlled by a holding company registered under 

the Bank Holding Company Act of 1956, plus one group controlled through common stock ownership included for comparability with data for earlier years, treated for each case as though they were a bank and branches in the State.

Back data: See Annual Reports for 1962, p. 53; and for 1960, pp. 51, 100.

banks and bank groups exceeded 50 percent, when specific bank 

groups are treated as individual banks. The fact that group banking occurs more frequently in unit-banking States than in States 

where branching is possible supports the view that it is to some 

extent an alternative to branching.

On the mid-year call date, in alternate years, deposit data are 

compiled for banks grouped by their county of location. The percentages of deposits, as of June 30, 1964, in large banks and bank 

groups located in the principal counties of leading metropolitan 

areas, are shown in Table 49. In about one-third of the metropolitan 

areas, the largest bank held two-fifths or more of the total deposits

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CONCENTRATION AND LOCATION OF BANKING FACILITIES 141

of all banks located in the area. In over one-half the areas, the 

largest three banks held at least three-fourths of total deposits.

Table 48. RELATIVE SIZE OF LARGEST COMMERCIAL BANKS OR BANK 

GROUPS IN STATES CLASSIFIED BY STATUS OF BRANCH BANKING, 

DECEMBER 31, 1964

Percentage of deposits of all 

commercial banks in—

Percentage of deposits of all 

commercial banks in— 2

State 1

Largest

bank

Largest

three

banks

Largest

five

banks

Largest

bank

or

bank

group

Largest 

three 

banks 

or bank 

groups

Largest 

five 

banks 

or bank 

groups

S tates with statew ide branch banking

prevalen t

Nevada..................................................................... 57.2%

52.0

79.9%

89.2

95.2%

94.7

66.9%

52.0

89.7%

89.2

98.1%

Rhode Island........................................................... 94.7

Arizona.................................................................... 46.4 81.5 92.7 46.4 89.8 94.4

Delaware................................................................. 37.1 75.5 91.0 37.1 75.5 91.0

Oregon..................................................................... 42.1 85.0 87.5 42.1 85.0 87.5

Hawa i i ...................................................................... 39.7 81.1 91.5 39.7 81.1 91.5

California................................................................. 38.6 60.9 78.7 38.6 60.9 78.7

Idaho........................................................................ 36.0 77.4 87.1 36.0 77.4 87.1

Washington............................................................. 34.2 61.2 73.2 34.2 61.2 74.1

Utah.......................................................................... 29.8 62.5 73.2 30.9 63.6 74.3

Alaska...................................................................... 30.4 67.6 81.5 30.4 67.6 81.5

South Carolina........................................................ 24.5 46.9 55.4 24.5 46.9 55.4

North Carolina........................................................ 22.2 50.2 64.0 22.2 50.2 64.0

Maryland................................................................. 20.1 44.7 63.1 20.1 44.7 63.1

Connecticut............................................................. 18.1 42.5 56.1 18.1 42.5 56.1

Vermont................................................................... 12.5 30.7 43.0 12.5 30.7 43.0

States with lim ited -area branch banking prevalent

Massachusetts........................................................ 26.8 44.0 54.0 26.8 47.5 64.8

Michigan.................................................................. 19.8 39.2 48.9 19.8 39.2 48.9

Georgia.................................................................... 17.2 39.7 47.9 19.9 46.7 54.9

New Mexico............................................................ 17.4 36.1 44.9 17.4 43.8 52.8

New York................................................................ 17.0 42.3 58.4 17.0 42.3 58.4

Alabama.................................................................. 16.5 30.4 39.9 16.5 30.4 39.9

Louisiana................................................................. 13.7 27.4 36.3 13.7 27.4 36.3

Maine....................................................................... 13.8 34.1 48.1 13.8 34.1 48.1

Pennsylvania.......................................................... 14.4 28.1 38.9 14.4 28.1 38.9

Mississippi.............................................................. 12.2 25.0 29.1 12.2 25.0 29.1

Ohio.......................................................................... 11.5 23.9 31.2 11.5 23.9 33.3

Kentucky................................................................. 10.7 26.7 34.3 10.9 27.3 34.9

Tennessee............................................................... 11.2 30.4 42.8 11.2 30.4 42.8

Virginia.................................................................... 10.4 25.6 34.9 10.9 30.0 35.7

Indiana.................................................................... 9.8 23.4 28.6 9.8 23.4 28.6

New Jersey.............................................................. 5.7 15.9 22.4 5.7 15.9 22.4

States with unit banking prevalent

Illinois...................................................................... 17.4 37.9 44.7 17.4 37.9 44.7

Colorado.................................................................. 14.9 35.4 44.7 14.9 36.0 46.8

Wisconsin................................................................ 13.8 23.0 26.0 17.9 32.1 34.2

Nebraska................................................................. 12.9 25.6 35.6 12.9 28.9 38.9

North Dakota.......................................................... 4.2 10.7 16.8 16.6 40.8 47.2

Minnesota................................................................ 11.6 30.6 34.8 29.6 60.0 62.4

Wyoming.................................................................. 10.5 27.9 37.7 15.9 34.0 40.8

Oklahoma................................................................ 11.4 29.1 39.6 11.4 29.3 39.7

Missouri................................................................... 10.5 25.4 32.9 10.5 25.4 32.9

South Dakota.......................................................... 8.6 22.0 33.1 23.5 39.3 45.1

Texas........................................................................ 7.7 20.3 28.2 7.7 20.3 28.2

Florida...................................................................... 6.1 12.3 16.9 9.9 22.1 26.7

Kansas..................................................................... 6.8 13.2 18.0 6.8 13.2 18.0

Arkansas................................................................. 6.2 16.3 22.4 6.2 16.3 22.4

New Hampshire...................................................... 5.6 15.9 25.3 14.1 24.4 33.8

West Virginia.......................................................... 5.5 15.2 20.8 5.5 15.2 20.8

Montana.................................................................. 5.6 15.2 22.6 29.4 47.1 56.0

Iowa......................................................................... 4.7 11.4 16.3 6.4 13.1 18.2

1 Classification of States by prevalent type of bank organization as of December 31,1958, described in Table 23 of the 

Annual Report of the Federal Deposit Insurance Corporation for 1960, p. 45.

2 See fn. 1 to Table 47.

B a c k fig u re s: See Annual Reports for 1962, p. 55; and for 1960, pp. 54-55, 101.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 49. RELATIVE SIZE OF LARGEST BANKS OR BANK GROUPS IN 65 METROPOLITAN AREAS, JUNE 30, 1964'

Principal county or counties in 

metropolitan area

Total 

deposits 

in all 

commercia 1 

banks 

(thousands 

of

dollars)2

Percentage of deposits of a II 

commercial banks in— 3

Percentage of deposits of all 

commercial banks in— 4

Largest

bank

Largest

three

banks

Largest

five

banks

Largest 

bank or 

bank 

group

Largest 

three 

banks or 

bank groups

Largest 

five banks 

or bank 

groups

M etro politan areas in States with statew ide branch banking prevalent

Baltimore: Baltimore City and Baltimore County, Maryland................................................................................... $1,567,012 30.1% 71.5% 97.7% 30.1% 71.5% 97.7%

Hartford: Hartford County, Connecticut..................................................................................................................... 989,712 39.5 81.7 85.2 39.5 81.7 85.2

Honolulu: Honolulu County, Hawaii........................................................................................................................... 750,563 38.8 79.6 90.7 38.8 79.6 90.7

Los Angeles: Los Angeles County, California........................................................................................................... 12,015,392 33.4 71.2 86.3 33.4 71.2 86.3

Phoenix: Maricopa County, Arizona........................................................................................................................... 1,167,538 47.3 89.1 96.2 47.3 90.3 97.4

Portland: Clackamas and Multonomah Counties, Oregon...................................................................................... 1,222,631 41.9 89.3 94.1 41.9 89.3 94.1

Providence: Bristol, Kent and Providence Counties, Rhode Island..................................................................... 976,234 52.4 93.0 98.9 52.4 93.0 98.9

Sacramento: Sacramento County, California............................................................................................................ 955,632 47.8 85.6 91.5 47.8 85.6 91.5

San Bernardino: Riverside and San Bernardino Counties, California.................................................................. 948,854 39.2 84.0 93.2 39.2 84.0 93.2

San Diego: San Diego County, California.................................................................................................................. 1,187,910 39.2 82.6 95.7 39.2 82.6 95.7

San Francisco: Alameda and San Francisco Counties, California......................................................................... 8,204,851 39.5 76.9 87.4 39.5 76.9 87.4

San Jose: Santa Clara County, California................................................................................................................. 1.202,335 42.3 76.8 92.1 42.3 76.8 92.1

Seattle: King County, Washington.............................................................................................................................. I ! 525,460 38.0 71.6 87.8 38.0 71.6 87.8

M etropolitan areas in States with lim ited -area branch banking prevalent

Akron: Summit County, Ohio...................................................................................................................................... 678,197 47.8 89.2 99.2 47.8 89.2 99.2

Albany: Albany, Rensslaer and Schenectady Counties, New York....................................................................... 1,088,463 34.5 67.1 80.8 34.5 67.1 80.8

Allentown: Lehigh and Northampton Counties, Pennsylvania............................................................................... 699,250 20.5 45.6 64.2 20.5 45.6 64.2

Atlanta: Fulton and DeKalb Counties, Georgia......................................................................................................... 1,718,995 30.6 73.9 91.1 30.6 75.9 93.1

Birmingham: Jefferson County, Alabama.................................................................................................................. 752,136 57.5 97.4 99.1 57.5 97.4 99.1

Boston: Suffolk County, Massachusetts..................................................................................................................... 3,390,349 51.4 82.5 96.6 51.4 82.5 96.6

Buffalo: Erie and Niagara Counties, New York........................................................................................................ 1,823,078 50.3 94.8 98.2 50.3 94.8 98.2

Cincinnati: Hamilton County, Ohio............................................................................................................................. 1,333,644 32.1 84.0 97.9 32.1 84.0 97.9

Cleveland: Cuyahoga County, Ohio............................................................................................................................. 4,211,452 36.2 75.9 97.7 36.2 75.9 97.7

Columbus: Franklin County, Ohio............................................................................................................................... 991,549 46.0 92.8 97.4 50.6 97.4 99.2

Dayton: Montgomery County, Ohio............................................................................................................................. 530,498 50.6 89.9 94.7 50.6 89.9 94.7

Detroit: Wayne County, Michigan................................................................................................................................ 5,896,559 39.8 73.7 87.4 39.8 73.7 87.4

Gary: Lake County, Indiana......................................................................................................................................... 454,214 33.2 59.2 77.7 33.2 59.2 77.7

Indianapolis: Marion County, Indiana........................................................................................................................ 1,381,328 39.1 96.1 99.7 39.1 96.1 99.7

Jersey City: Hudson County, New Jersey.................................................................................................................. 874,520 31.2 67.9 93.6 31.2 67.9 93.6

Knoxville: Knox County, Tennessee........................................................................................................................... 346,934 43.6 85.5 100.0 43.6 85.5 100.0

Louisville: Jefferson County, Kentucky..................................................................................................................... 933,920 29.9 76.2 95.5 31.0 78.6 97.8

Memphis: Shelby County, Tennessee........................................................................................................................ 1,173,302 43.5 93.0 97.2 43.5 93.0 97.2

Nashville: Davidson County, Tennessee.................................................................................................................... 874,982 42.4 92.6 98.6 42.4 92.6 98.6

Newark: Essex and Union Counties, New Jersey..................................................................................................... 2,540,343 21.0 55.6 67.7 21.0 55.6 67.7

142 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
New Orleans: Orleans County, Louisiana...................................................................

New York: Bronx, Kings, New York, Queens, and Richmond Counties, New York

Norfolk: Norfolk City, Portsmouth City and Norfolk County, Virginia....................

Paterson: Bergen and Passaic Counties, New Jersey...............................................

Philadelphia: Philadelphia County, Pennsylvania.....................................................

Pittsburgh: Allegheny County, Pennsylvania............................................................

Richmond: Richmond City and Henrico County, Virginia.........................................

Rochester: Monroe County, New York...............................................................

Springfield: Hampden County, Massachusetts...........................................................

Syracuse: Onondaga County, New York.....................................................................

Toledo: Lucas County, Ohio..........................................................................................

Washington: District of Columbia.................................................................................

W ilkes-Barre: Luzerne County, Pennsylvania............................................................

Youngstown : Mahoning and Trumbul Counties, Ohio...............................................

M etro politan areas in States with unit banking prevalent

Charleston: Kanawha County, West Virginia..............................................................

Chicago: Cook County, Illinois.......................................................................................

Dallas: Dallas County, Texas.........................................................................................

Denver: Denver County, Colorado................................................................................

Fort W orth: Tarrant County, Texas..............................................................................

Houston : Harris County, Texas.....................................................................................

Jacksonville: Duval County, Florida.............................................................................

Kansas City: Clay and Jackson Counties, Missouri...................................................

Miami: Dade County, Florida.........................................................................................

Milwaukee: Milwaukee County, Wisconsin.................................................................

Minneapolis: Hennepin and Ramsey Counties, Minnesota......................................

Oklahoma City: Oklahoma County, Oklahoma...........................................................

Omaha: Douglas County, Nebraska..............................................................................

San Antonio: Bexar County, Texas..............................................................................

St. Louis: St. Louis City and St. Louis County, Missouri.........................................

Tampa: Hillsboro and Pinellas Counties, Florida.......................................................

Tulsa: Tulsa County, Oklahoma..............................................................

Wheeling: Ohio County, West Virginia...................................................................

253,091

322,968

393,068

940,349

,506,211

,413,335

883,962

955,414

359,933

576,712

608,541

,978,727

475,183

506,328

297,475

,517,882

,487,140

,394,161

980,734

,185,293

733,730

,778,751

,380,243

,946,639

,637,232

949,439

623,683

887,517

,293,581

,111,623

753,537

107,662

39.3

21.7

48.6

16.3

27.0

49.6 

29.9

43.6

31.6

33.1

50.8

29.8

18.9

23.3

29.5

23.4

33.9

27.7

32.7 

26.1

27.9 

26.1 

28.1

39.3

22.5

32.7

41.5

29.3

2 1 .6

1 1 . 8

38.0

40.9

78.7

54.1

77.8

43.2

63.6

80.6 

73.4

86.2

84.0

78.2

88 .1

73.3

43.3 

57.1

68 .1

51.9

76.2 

67.6

73.0

63.5

71.6

58.3

40.0 

65.8

59.6

71.0

78.7

61.7

47.8 

34.2

75.8 

81.6

99.1

75.3 

91.9

55.1

86.2

89.1 

90.0 

99.5

94.4

99.8

98.5

86.7

54.9

83.8

81.6

61.5

81.6

83.7

77.4

67.7 

80.6

64.4

48.4

71.5 

67.9

79.5

85.6

72.3

55.4 

49.1

83.6 

96.0

39.3

21.7

48.6

16.3

27.0

49.6 

29.9

43.6

31.6

33.1

50.8

29.8

18.9

23.3

29.5

23.4

33.9 

27.7

36.6 

26.1

33.7 

26.1 

28.1

40.6

44.9

32.7

41.5 

29.3

2 1 .6

1 1 .8

38.0

40.9

78.7

54.1

77.8

43.2

63.6

80.6 

73.4

86.2

84.0

78.2

88.1

73.3

43.3 

57.1

68.1

51.9

76.2

67.6

76.9

63.5

81.5

58.3 

41.8

76.1

83.5 

71.0

84.5

61.7

48.2

34.2

75.8

81.6

99.1

75.3 

91.9

55.1

86.2

89.1 

90.0 

99.5

94.4

99.8

98.5

86.7

54.9

83.8

81.6

61.5

81.6

83.7 

81.1

67.7

90.4

64.4

50.3

80.9

90.9

79.5

89.5

72.3

58.6 

49.1

83.6 

96.0

tho A ^ n n J f'R fL T f^ Q R n 60 a[eas as defined by the Bureau of the Budget, with population of 400,000 or more on April 1, 1960, and in 5 other areas included in Tables 29 and 40 of

oMhe population within ^a'ndard metfop'olitan^areas Massachusetts- and Rhode lsland (where standard metropolitan areas are defined in terms of cities and towns) they are counties with the majority

nocit! commer^iaI ba n k s a n d branches located in county (or counties). These figures are as published by the Board of Governors of the Federal Reserve System in “ Distribution of Bank Deposits by Counties m Standard Metropolitan Areas June 30, 1964 (in the case of counties with mutual savings banks, deposits in all banks minus deposits in mutual savings banks).

a " sJ a“ u'a^ec*» deposits in a bank consist of those in head office and any branches within the area, or, if the head office is located elsewhere, of deposits in all branches within the area.

A bank group includes banks that are members of a holding company registered under the Bank Holdi ng Company Act of 1956, or (in one case) controlled through common stock ownership.

B ack data: See Annual Reports for 1962, pp. 56-57; and for I960, pp. 56-57, 102-103.

based

N ote: It is recognized that service areas for deposits vary with the type and size of account, and that a much greater proportion of the deposits in larger than in small banks is in large accounts Ratios 

, icJ oni deposits> without regard to these characteristics, therefore, may not be very accurate indicators of the shares of an area's deposits held by individual banks. Ratios that more nearly approximate ■ - |_ • _! •----. * ------ ,------------ * ' -..W. W. w. w, ..vv UVSVUIUVW HIUIVUIUIU V» 111 G OllCIt CO Ul ail OICO O UC}JUOlld I l£ It

these snares are currently being derived from the Corporation s most recent survey of deposits and will be released in a forthcoming publication,

CONCENTRATION AND LOCATION OF BANKING FACILITIES 143

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Banking offices in relation to population and banking structure.

Population per bank and per banking office in each State on

Table 50. BANKS, BANKING OFFICES, AND POPULATION PER BANK AND 

OFFICE IN EACH STATE, DECEMBER 31, 1964, WITH CHANGE 

FROM DECEMBER 31, 1960

December 31, 1964 Change from 1960 to 1964

Number 

of banks 

and trust 

companies

Number 

of offices 

operated

Population per 

bank 1

Population per 

office 1

Number 

of banks 

and trust 

companies

Number 

of offices 

operated

Population per 

bank

Population per 

office

All States 14,250 29,450 13,370 6,469 +277 +4,573 + 591 - 709

States with statew ide

b ra n c h b a n k in g

prevalent

Nevada.............................. 8 66 51,000 6,182 + 1 + 22 +10,246 - 302

Rhode Island..................... 17 167 53,765

98,813

5,473

6,011

+ 32 + 3,207 

-31,403

- 894

Arizona.............................. 16 263 + 6 + 74 - 879

Delaware............................ 22 92 22,318

35,981

58,417

90,420

5,337

6,216

5,520

7,298

+ 12 + 2,032 

+ 1,968 

+ 5,686 

-43,915

- 242

Oregon............................... 52 301 + 54 - 945

Hawaii................................ 12 127 + 29 - 937

California........................... 200 2,478 + 83 + 685 -1 ,4 6 8

Idaho.................................. 24 144 28,833 4,806 - 8 + 29 + 7,983 - 996

Washington........................ 101 494 29,545 6,040 + 10 + 103 - 1,809 -1 ,2 5 7

Utah.................................... 55 158 18,036 6,278 + 5 + 34 + 223 - 904

Alaska................................ 13 64 19,231

19,211

3,906

6,813

+ 18 + 1,834 

+ 2,779

-1 ,0 1 1

South Carolina.................. 133 375 - 12 + 83 -1 ,3 4 7

North Carolina.................... 152 868 31,921 5,590 - 31 + 177 + 7,024 -1 ,0 0 4

Connecticut....................... 137 520 20,190 5,319 - 4 + 124 + 2,210 -1 ,0 8 3

Maryland........................... 127 533 27,024 6,439 - 12 + 111 + 4,717 - 909

Vermont............................. 55 106 7,436 3,858 - 7 + 10 + 1,148 - 203

S tates with lim ited

area branch banking prevalent

Massachusetts.................. 338 1,015 15,793 5,259 - 18 + 163 + 1,331 - 784

Michigan............................ 361 1,166 22,432 6,945 - 19 + 208 + 1,845 -1 ,2 2 1

Alabama............................ 252 394 13,520 8,647 + 14 + 66 - 206 -1 ,3 1 3

Georgia.............................. 431 600 9,963 7,157 + 10 + 73 + 597 - 325

New York.......................... 479 2,515 37,401 7,123 - 50 + 449 + 5,676 - 100

New Mexico...................... 63 147 16,000 6,857 + 8 + 36 - 1,291 -1 ,8 3 4

Louisiana........................... 209 445 16,593 7,793 + 19 + 79 - 549 -1 ,1 0 6

Maine................................. 78 253 12,679 3,909 - 1 + 35 + 410 - 537

Pennsylvania.................... 598 1,804 19,162 6,352 -1 1 2 + 252 + 3,219 - 941

Ohio.................................... 549 1,422 18,397 7,103 - 38 + 194 + 1,861 - 801

Mississippi........................ 196 387 11,806 5,979 + 3 + 58 + 520 - 641

Tennessee......................... 294 589 12,918 6,448 - 3 + 76 + 908 - 505

Kentucky........................... 348 561 9,078 5,631 - 7 + 60 + 520 - 433

Indiana.............................. 435 876 11,092 5,508 - 12 + 118 + 661 - 643

Virginia .............................. 277 763 15,805 5,738 - 28 + 174 + 2,799 - 997

New Jersey........................ 257 911 26,000 7,335 - 17 + 180 + 3,858 - 964

States with unit bank

ing prevalent

Illinois................................ 1,030 1,035 10,183 10,134 + 64 + 65 - 253 - 259

Colorado............................ 246 254 7,992 7,740 + 54 + 55 - 1,143 -1 ,0 7 4

Wisconsin.......................... 582 752 7,057 5,461 + 19 + 31 + 38 - 20

Nebraska........................... 432 459 3,426 3,224 + 6 + 21 + 113 + 2

North Dakota.................... 163 207 3,957 3,116 + 7 + 22 97 - 303

Oklahoma.......................... 417 453 5,911 5,442 + 28 + 41 74 - 209

Minnesota.......................... 721 730 4,883 4,823 + 31 + 34 - 65 - 82

Wyoming............................ 68 69 5,044 4,971 + 13 + 13 - 957 - 923

Missouri............................. 643 699 6,857 6,308 + 17 + 48 44 - 328

South Dakota.................... 173 245 4,133 2,918 - 1 + 12 + 222 3

Texas................................. 1,130 1,180 9,201 8,811 +119 + 141 - 274 - 409

Florida............................... 424 441 13,455 12,937 +115 + 118 - 2,569 -2 ,3 9 3

Arkansas........................... 245 335 7,890 5,770 + 8 + 52 + 353 - 542

Kansas............................... 594 644 3,746 3,455 + 7 + 32 + 35 - 105

West Virginia.................... 184 184 9,766 9,766 + 2 + 2 - 456 - 456

Montana............................. 129 132 5,465 5,341 + 8 + 10 - 112 - 190

New Hampshire................ 105 131 6,229 4,992 - 2 + 18 + 557 - 379

Iowa................................... 675 896 4,083 3,076 + 2 + 40 14 - 145

1 Computed from population, July 1, 1964 (total resident population). 

Back data: See Annual Report for I960, pp. 42, 101.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CONCENTRATION AND LOCATION OF BANKING FACILITIES 145

December 31, 1964, together with changes since the end of 1960, 

are shown in Table 50, with the States grouped by status of branch 

banking.

The average (mean) population per banking office in the 50 

States was 6,469 on December 31, 1964, about 700 persons fewer 

than the average four years earlier. In the States with statewide 

branch banking, the median population per banking office was 

less than 6,000. In States with limited-area branch banking, the 

median population per office was slightly above 6,000. Where unit 

banking is prevalent, the median was slightly above 5,000, but 

averages for individual States ranged from about 3,000 to nearly

13,000 per office. The arithmetic mean for each of the three groups 

of States was even closer to the overall average. Thus, differences 

in population per banking office were comparatively small among 

groups of States classified according to prevalent type of banking 

structure.

The degree of branching permissible in the different States was 

reflected in the distribution of banks and banking offices in 1964. 

Thus, in the statewide branching group, 83 percent of banking 

offices were branches, compared to 63 percent under limited 

branching, and only 11 percent in States where unit banking is 

prevalent. States in which statewide branching is prevalent had 

8 percent of the nation’s banks but 37 percent of total branches. 

The 36 percent of the banks which were in States with limited-area 

branch banking had 57 percent of the branches. Unit-banking 

States had 56 percent of the banks and 6 percent of the branches.

Table 51. COMMERCIAL BANKING OFFICES IN THE UNITED STATES GROUPED 

BY LOCATION IN DIFFERENT-SIZED POPULATION CENTERS WITH 

SELECTED NUMBERS OF OFFICES, DECEMBER 31, 1964

Population of center 

or metropolitan area

All

offices

Offices in centers or metropolitan areas with—

1

office

2

offices

3

offices

4

offices

5

offices

6

offices

7-8

offices

9-19

offices

20 or 

more 

offices

7,575 3,264 1,344 740 570 282 470 1,149 12,803

701 6

3,784

2,841

234

160 12

1,890 243 52 15 6 11

1,180

28

1,020

69

552 310 156 183 67

15 136 240 120 248 442

5 39 629 3,503

5,360

3,940

Banking offices-total1

In centers or metropolitan areas

with population

of—

Less than 250................

250 to 1,000...................

1.000 to 5,000................

5.000 to 25,000..............

25.000 to 100,000..........

100.000 to 500,000........

500.000 to 2,500,000...

2.500.000 or more........

28,197

707

3,956

5,058

3,702

1,298

4,176

5,360

3,940

1 Excludes trust companies not regularly engaged in deposit banking and “ facilities" at military or other Federal 

Government establishments.

B ack d a ta : See Annual Reports for 1962, p. 60; and for I960, p. 48.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Location of banking offices by size of population center. Of the

28,197 commercial banking offices in the United States at the end 

of 1964, over one-fourth were in areas with only one banking office, 

nearly all of which were in population centers of less than 5,000. 

Table 51 shows further that about 55 percent of the total offices 

were in population centers of less than 100,000.

Approximately 95 percent of all offices in the larger centers of

100,000 or more were in centers having at least 20 offices. Between 

June 30, 1962 and December 31, 1964, the number of banking 

offices increased by nearly 3,200, with four-fifths of the gain being 

in centers with 20 or more offices.

Table 52. COMMERCIAL BANKING OFFICES, BANKS, AND BRANCHES IN 

METROPOLITAN AND OTHER AREAS GROUPED ACCORDING TO 

STATUS OF BRANCH BANKING, DECEMBER 31, 1964'

Status of branch banking and 

type of area

Number Percentage

Total

offices Banks Branches

Total

offices Banks Branches

United States (50 States and D. C .)—

total............................................ 28,021 13,713 14,308 100.0% 100.0% 100.0%

Metropolitan area counties 2............. 13,653 4,106 9,547 48.7 29.9 66.7

Other counties................................... 14,368 9,607 4,761 51.3 70.1 33.3

States with statewide branch banking :3

10 States without locational limitations:

Metropolitan area counties................................... 2,979 289 2,690 10.6 2.1 18.8

Other counties......................................................... 1,701 412 1,289 6.1 3.0 9.0

6 States with some locational limitations: 

Metropolitan area counties................................... 803 147 656 2.9 1.1 4.6

Other counties........................................................ 730 151 579 2.6 1.1 4.0

States with limited area branch banking prevalent: 3

9 States with countywide branch banking prevalent: 

Metropolitan area counties................................... 3,593 838 2,755 12.8 6.1 19.3

Other counties........................................................ 2,971 1,776 1,195 10.6 12.9 8.3

7 States and D. C. with other limited area branch 

banking prevalent: 4 

Metropolitan area counties................................... 3,993 779 3,214 14.3 5.7 22.5

Other counties......................................................... 2,563 1,444 1,119 9.2 10.5 7.8

States with unit banking prevalent

throughout the State: 3

7 States with limited branch banking: 5 

Metropolitan area counties................................... 710 536 174 2.5 3.9 1.2

Other counties........................................................ 2,894 2,384 510 10.3 17.4 3.6

11 States without branch banking: 6

Metropolitan area counties................................... 1,575 1,517 58 5.6 11.1 .4

Other counties........................................................ 3,509 3,440 69 12.5 25.1 .5

1 Excludes trust companies not regularly engaged in deposit banking and “ facilities” at Federal Government estab' 

lishments.

2 Includes all metropolitan areas as defined by the Bureau of the Budget, except that in States where metropolitan 

areas are defined in terms of cities and towns (Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island), 

counties with the majority of their population in the metropolitan portions are included in lieu of the specified cities 

and towns.

3 For the States in each group, see Table 23 in the Annual Report of the Corporation for 1960, p. 45. In addition to 

the States listed in the 1960 report, this table includes in States with statewide branch banking: Alaska, without limitations, 

and Hawaii, with limitations.

4 For the branch banking areas, see note 6 to Table 23 in the Annual Report of the Corporation for 1960, p. 45.

5 For the type of branches permitted, see note 7 to Table 23 in the Annual Report of the Corporation for 1960, p. 45.

6 See note 8 to Table 23 in the Annual Report of the Corporation for 1960, p. 45.

B ack d a ta : See Annual Reports for 1962, p. 61; and for 1960, p. 46.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CONCENTRATION AND LOCATION OF BANKING FACILITIES 147

Counties in Standard Metropolitan Statistical Areas contained 

almost one-half the banking offices of the nation’s commercial 

banks at the end of 1964, as shown in Table 52. Only three-tenths 

of the commercial banks were located in metropolitan area counties, while two-thirds of the branches were in those counties.

ASSETS AND LIABILITIES OF BANKS

Assets and liabilities at the close of 1964. Total assets of all banks 

in the United States on December 31, 1964 amounted to $402.7 

billion, an increase of 10.7 percent over the figure as of December 

20, 1963. Percentage increases in recent years, influenced somewhat by differences in the year-end call dates, were 5.6 percent 

in 1963, 6.8 percent in 1962, and 7.8 percent in 1961.' Banks 

participating in Federal deposit insurance held 97.4 percent of 

the assets of all banks on December 31, 1964.

The increase of $39 billion in total assets in 1964 was comprised 

of gains of $24 billion in loans, $10 billion in cash, $4 billion in 

securities other than obligations of the United States Government, 

and $1 billion in other assets. There was a decline of $302 million 

in holdings of United States Government obligations. These increases were balanced by gains of $37 billion in deposits, and 

$2 billion in the capital accounts of banks.

Some of the differences between the operations of commercial 

banks and mutual savings banks are reflected in Table 53. Commercial banks, on December 31, 1964, had 35.5 percent of their 

assets in cash and United States Government obligations; however, 

mutual savings banks, needing fewer such assets to satisfy liquidity 

or legal reserve requirements, had only 12.5 percent. On the other 

hand, loans constituted 75.8 percent of the assets of mutual savings 

banks, but only 50.7 percent of the assets of commercial banks. 

Almost all the loans held by mutual savings banks were secured 

by real estate. One-third of the loans of commercial banks were 

classified as commercial and industrial, one-fourth were secured 

by real estate, and more than one-fifth were loans to individuals 

for household, family, and other personal expenditures. Time and 

savings deposits of individuals constitute nearly all deposits in 

mutual savings banks, while demand deposits exceed time and 

savings deposits in commercial banks.

Changes in assets and liabilities since 1934. During the last 30 

years, total assets of all banks increased from $59 billion to nearly 

$403 billion. There were also notable changes in the composition 

of assets. Cash and funds due from banks declined from 20 percent 

to 15 percent of total assets. Securities were also lower, falling

' Call dates for banks participating in Federal deposit insurance were December 31, 1964; December 20, 1963; December 28, 1962; and December 30, 1961.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 53. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES, 

BY TYPE OF BANK, DECEMBER 31, 1964

Amount (in millions) Percentage distribution

Asset or liability item All banks

Commercial 

banks and 

trust 

companies

Mutual

savings

banks

All banks

Commercial 

banks and 

trust 

companies

Mutual

savings

banks

Assets—total........................ $402,673 $348,433 $54,240 100.0% 100.0% 100.0%

Cash and funds due from banks__ 61,644 60,640 ! 1,004 15.3 17.4 1.8

U. S. Government obligations........... 68,921 63,133 ! 5,788 17.1 18.1 10.7

Other securities.................................. 44,362 38,872 i 5,490 11.0 11.2 10.1

Loans and discounts 1....................... 217,658 176,573 j 41,085 54.1 50.7 75.8

Other assets........................................ 10,088 9,216 ! 873 2.5 2.6 1.6

Liabilities and capital ac­ i

counts—total.................. 402,673 348,433 i 54,240 100.0 100.0 100.0

Deposits— total................................... 357,565 308,427 49,139 88.8 88.5 90.6

Other liabilities.................................. 12,812 12,112 700 3.2 3.5 1.3

Capital accounts— total...................... 32,295 27,895 4,401 8.0 8.0 8.1

Loans—gross total 2............. 221,446 180,137 41,309 100.0 100.0 100.0

Commercial and industrial............... 60,776 ! 60,612 164 27.5 33.6 .4

Agricultural (except real estate).... 7,523 7,520 2 3.4 4.2 ( 3)

For carrying securities...................... 8,419 i 8,387 32 3.8 4.7 .1

Real estate loans................................ 84,532 i 43,976 40,556 38.2 24.4 98.2

Other loans to individuals................ 40,521 40,011 510 18.3 22.2 1.2

To financial institutions.................... 14,469 i 14,443 26 6.5 8.0 .1

All other............................................... 5,206 j 5,187 19 2.3 2.9 ( 3)

Deposits—total.....................

Business and personal deposits:

357,565 308,427 49,139 100.0 100.0 100.0

Demand 4........................................ 141,562 141,232 330 39.6 45.8 .7

Time and savings.......................... 162,054 113,284 48,770 45.3 36.7 99.2

Government deposits:

States and subdivisions................ 23,504 23,475 29 6.6 7.6 .1

United States.................................. 6,814 6,807 7 1.9 2.2 ( 3)

Interbank deposits 5.......................... 23,631 23,629 2 6.6 7.7 ( 3)

1 Net of valuation reserves.

2 Includes valuation reserves.

3 Less than .05 percent.

4 Includes certified checks, letters of credit, etc.

5 Includes postal savings deposits.

N ote: Due to rounding, components may not add to totals.

from 39 percent to 28 percent of the total. However, loans increased to 54 percent of assets, up from 35 percent at the end 

of 1934.

The last decade has been one of notable acceleration in rates 

of change, and of significant changes in the composition of assets 

and deposits. Almost one-half of the growth in bank assets which 

took place during the past 30 years occurred in the 10 years 

ending December 31, 1964. Total loans and the obligations of 

States and their subdivisions expanded at more than twice the 

percentage change of total assets. Other major categories of assets 

increased at differing rates, while holdings of United States Government obligations declined 12 percent.

Significant changes also took place in the composition of deposits during the last decade. Time and savings deposits rose from 

36 percent to nearly 50 percent of the total, with the rise particularly rapid in the last three years. A prosperous and expanding

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
ASSETS AND LIABILITIES OF BANKS 149

economy, enabling individuals to increase their savings, has been 

fundamental to this upward trend in savings deposits. Payment of 

higher interest rates by many banks following upward adjustments 

in the permissible maximum rates, along with relative price stability, has provided an added inducement to save. To some extent, 

there has been a shifting of funds from demand to savings or time 

deposits. The corporate financial practice of seeking to maximize 

yields on short-term investments has led to the increased use of 

certificates of deposit.

Although certificates of deposit have been issued by banks for 

many years, prior to 1961 the volume was small and the certificates 

were generally non-negotiable. After large banks began issuing 

negotiable certificates in 1961, a secondary market was established in which certificates in denominations of $1 million or more 

were readily negotiable. These certificates provide the depositor 

with both liquidity and income, thus serving as substitutes for other 

instruments in the money market.

Small banks, both because they have fewer of the accounts of 

large businesses and their certificates of deposit are not so readily 

negotiable, have been less affected by the development of this 

instrument than have the largest banks. The issuance of negotiable

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

certificates of deposit has contributed to the relatively rapid increase in time and savings deposits held by large banks shown in 

Chart I. Changes in the percentages of time and savings deposits 

to total deposits among banks of different sizes have also been 

influenced by various other factors, such as differences among 

banks in rates of deposit growth and in interest rates paid on 

time and savings accounts.

INCOME OF INSURED BANKS

Income of all insured banks in 1964. Banks insured by the Corporation reported total income in 1964 of $17.6 billion. Insured 

commercial banks had income of $15.3 billion, or 87 percent of 

the total, while the income of insured mutual savings banks comprised the remainder. Total income was 9.8 percent greater than 

in 1963, compared to an increase of 10.5 percent in assets.

Sources and disposition of income of insured commercial banks

in 1964. Current operating revenue, consisting of income from 

loans, securities, and other sources amounted to $15 billion in the 

year. Net current operating earnings were $4.1 billion, after deduction of current operating expenses. These included salaries and 

wages, interest on deposits, and other expenses.

Items of income and expense also arise when assets are disposed of, or charge-offs and recoveries are made, such transactions being based in part upon considerations of tax advantage 

and alternative uses for the funds. Net income after taxes reached 

nearly $2.3 billion in 1964, and for the first time dividends to shareholders exceeded $1 billion.

Table 54 shows the amounts and percentage distribution of 

sources of income and its disposition for insured commercial banks 

in 1962,1963, and 1964. Each item of current operating income and 

expense increased in amount during both 1963 and 1964. However, 

income from loans and from obligations of States and political 

subdivisions produced larger shares in 1964, while interest on 

United States Government obligations declined as a percentage 

of the total. Slightly more than one-half of total income was required for salaries and wages and interest on deposits. While there 

was a decline in the percentage of income needed to pay wages 

and salaries, the share needed for payment of interest on deposits 

rose sharply.

Figures related to bank assets and earnings are dominated by 

a relatively few large banks. As shown in Table 55, fewer than 

3 percent of the insured commercial banks operating throughout 

1964 had deposits of $100 million or more, but they held more 

than three-fifths of the assets and earned approximately the same

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INCOME OF INSURED BANKS 151

Table 54. SOURCES AND DISPOSITION OF TOTAL INCOME OF INSURED

COMMERCIAL BANKS, 1962-1964

Income

Amount 

(in millions) Percentage distribution

1964 1963 1962 1964 1963 1962

Total income........................ $15,347 $13,978 $12,686 100.0% 100.0% 100.0%

Sources

Loans.................................................... 9,785 8,672 7,718 63.8 62.0 60.8

U. S. Government obligations.......... 2,240 2,176 2,093 14.6 15.6 16.5

Other securities.................................. 1,085 921 759 7.1 6.6 6.0

Service charges on deposits............. 781 729 681 5.1 5.2 5.4

Other current income........................ 1,132 1,011 968 7.3 7.2 7.6

Recoveries, etc. 1............................... 322 468 467 2.1 3.4 3.7

Disposition

Salaries and wages 2......................... 4,187 3,908 3,651 27.3 28.0 28.8

Interest on deposits.......................... 4,088 3,464 2,845 26.6 24.8 22.4

Other current expenses..................... 2,623 2,343 2,093 17.1 16.7 16.5

Charge-offs, etc. 3.............................. 1,017 884 837 6.6 6.3 6.6

Income taxes...................................... 1,148 1,227 1,256 7.5 8.8 9.9

Dividends to stockholders 4............. 1,088 993 941 7.1 7.1 7.4

Additions to capital accounts........... 1,195 1,159 1,063 7.8 8.3 8.4

1 Includes recoveries from assets previously charged off (except those credited to valuation reserve accounts), profits 

on assets sold, and transfers from valuation reserve accounts.

2 Consists of salaries, wages, fees, and benefits, and includes those of officers and employees in building department.

3 Includes losses and other charge-offs (except those charged to valuation reserve accounts), and transfers to valuation reserve accounts.

4 Includes interest on capital notes and debentures.

N o te : Due to rounding, components may not add to totals.

proportion of net income after taxes. On the other hand, slightly 

over one-half of the banks were small institutions with deposits of 

less than $5 million, employing 8.4 percent of total employees, 

holding 5.9 percent of the assets, and receiving 6.4 percent of net 

income after taxes.

Sources and distribution of income in 1964 differed among banks 

of different size. With increasing size of banks, declines occurred 

in the percentage of their current operating revenue received from 

interest on United States Government securities, which were balTable 55. DISTRIBUTION BY DEPOSIT SIZE OF INSURED COMMERCIAL BANKS 

OPERATING THROUGHOUT 1964 AND PERCENTAGES OF SELECTED 

BANKING TOTALS IN EACH SIZE GROUP

Size of bank

Number 

of banks 

(Dec. 31)

Number of 

employees 

(Dec. 31)

Assets 

(Dec. 31)

Net current 

operating 

earnings

Net income 

after taxes

All banks.............................................. 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with deposits of—

Less than $1,000,000................................................. 4.9 .4 .2 .1 .2

$1,000,000 to $2,000,000........................................... 15.2 1.7 1.0 1.0 1.2

$2,000,000 to $5,000,000........................................... 32.5 6.3 4.7 4.4 5.0

$5,000,000 to $10,000,000......................................... 21.9 8.1 6.5 6.4 6.9

$10,000,000 to $25,000,000....................................... 15.9 12.5 10.4 10.0 10.2

$25,000,000 to $50,000,000....................................... 4.6 8.1 6.8 6.4 6.3

$50,000,000 to $100,000,000..................................... 2.3 7.5 6.9 6.4 6.4

$100,000,000 to $500,000,000................................... 2.1 20.6 19.4 19.7 19.4

$500,000,000 or m ore ............................................... .6 34.8 44.1 45.6 44.4

B ack d a ta : See Annual Reports for 1963, p. 76; and for 1962, p. 64.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

anced in part by increases in the proportion generated by loans. 

Wages and salaries accounted for a larger part of current operating expense in small-sized banks than in medium or large-sized 

banks. Interest on deposits, on the other hand, was highest in 

relation to total current operating expense in the largest banks of 

$500 million or more in deposits, and lowest in the smaller banks 

with deposits below $5 million.

Trends in income and expense of insured commercial banks. Both 

total current operating revenue and current operating expenses 

have increased from year to year for the past quarter of a century. 

Net current operating earnings have fluctuated around 35-38 percent of total current operating revenue during most of this period. 

Since 1960 there has been a steady decline in this percentage, 

reaching 27.5 percent in 1964, the lowest proportion since 1940.

The $2.4 billion of net income after taxes received in 1964 represented a return of 8.4 percent on total capital accounts, higher 

than in 1950 or 1955, but lower than in the years 1960-1963. Net 

current operating earnings on assets showed a similar pattern. 

Banks have, in recent years, experienced a rising volume of assets 

from which higher rates of income were received, but which entailed costs at times rising more rapidly than income. Table 56 

gives selected data reflecting items of income and expense of 

insured commercial banks in the years 1950, 1955, and 1960-1964.

Total salaries, wages, fees, and benefits for officers, directors, 

and employees have declined slightly in recent years relative to 

current operating revenue. While average salaries have risen 

steadily, the amount of assets per employee and current operating 

revenue per employee have also increased.

Interest on time and savings deposits absorbed 27 percent of 

total current operating revenue in 1964, almost as much as compensation paid to employees. Interest payments in 1960, following 

a rising trend in both dollar volume and in relation to current 

operating revenues, amounted to 17 percent of revenues. Since 

then the upward movement has accelerated, resulting from higher 

rates paid by banks, permitted under revised regulations, as well 

as from the relatively rapid growth in the amount of time and 

savings deposits, particularly certificates of deposit.

Sources and disposition of income of insured mutual savings

banks in 1964. The sources and disposition of income of mutual 

savings banks are greatly influenced by the mutual form of organization and by the fact that almost all the deposits in these banks 

consist of savings accounts. Because of the relative stability of 

the deposits, these banks are not required to maintain the degree 

of liquidity needed by commercial banks. Mutual savings banks

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INCOME OF INSURED BANKS 153

Table 56. OPERATING DATA OF INSURED COMMERCIAL BANKS IN OPERATION 

THROUGHOUT SELECTED YEARS, 1950, 1955, 1960-1964

Item 1950 1955 1960 1961 1962 1963 1964

Net current operating earnings per $100 

of total capital accounts.................... $13.22 $16.09 $18.34 $16.40 $15.33 $15.06 $15.18

Net income after taxes per $100 of total 

capital accounts.................................. 8.32 7.69 9.69 9.02 8.47 8.56 8.41

Current operating revenue per $100 of 

total assets.......................................... 2.36 3.03 4.17 3.98 4.13 4.32 4.36

Net current operating earnings per $100 

of total assets..................................... .89 1.15 1.48 1.31 1.23 1.22 1.20

Income on loans per $100 of loans.......... 3.90 4.47 5.78 5.61 5.51 5.55 5.60

Income on U. S. Government obligations 

per $100 of U. S. Government obligations................................................. 1.66 2.18 2.95 2.87 3.17 3.45 3.58

Income on other securities per $100 of 

other securities.................................. 1.87 2.14 2.81 2.66 2.62 2.65 2.82

Current operating expense per $100 of 

current operating revenue................ 62.15 62.00 64.60 67.12 70.24 71.79 72.47

Current operating expense per $100 of 

total assets.......................................... 1.47 1.88 2.69 2.67 2.90 3.10 3.16

Salaries, wages, fees, and benefits per 

$100 of current operating revenue.. 31.19 30.28 26.58 30.93 29.86 28.88 27.83

Interest on time and savings deposits 

per $100 of current operating 

revenue................................................ 8.73 10.67 16.67 19.00 23.28 25.63 27.25

Interest paid per $100 of time and 

savings deposits................................. .94 1.35 2.43 2.54 2.90 3.09 3.21

Salaries, etc. per $100 of total assets .74 .92 1.11 1.23 1.23 1.25 1.21

Assets per employee (in thousands of 

dollars)................................................ 433.4 425.3 420.8 438.2 450.9 458.7 491.2

Current operating revenue per employee 

(in thousands of dollars).................. 10.2 12.9 17.6 17.4 18.6 19.8 21.4

receive most of their income from mortgage loans.

Higher payments to time and savings depositors are made by 

mutual savings banks than by commercial banks: 4.13 percent 

compared to 3.42 percent in 1964. Since almost all deposits of 

mutual savings banks are of this type, dividends and interest on 

deposits absorb a large part of total income— more than seventenths in 1964. The virtual absence of demand deposit accounting 

is chiefly responsible for the ability of mutual savings banks to 

operate with an average of more than four times as much assets 

and receive five times as much current operating income per 

employee as the average commercial bank.

A distribution of the income of insured mutual savings banks 

in 1962, 1963, and 1964, by amounts and percentages, is shown in 

Table 57.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Table 57. SOURCES AND DISPOSITION OF TOTAL INCOME OF INSURED 

MUTUAL SAVINGS BANKS, 1962-1964

Income

Amount (in millions) Percentage distribution

1964 1963 1962 1964 1963 1962

Total income........................................ $2,270 $2,060 $1,861 100.0% 100.0% 100.0%

Sources

Loans........................................................................... 1,772 1,562 1,366 78.1 75.8 73.4

U. S. Government obligations.................................. 153 154 156 6.8 7.5 8.4

Other securities.......................................................... 207 204 206 9.1 9.9 11.1

Other current income 1............................................. 50 56 48 2.2 2.7 2.5

Recoveries, etc. 2....................................................... 87 84 85 3.8 4.1 4.6

Disposition

Salaries and wages 3................................................. 168 159 149 7.4 7.7 8.0

Other current expenses 1.......................................... 136 133 123 6.0 6.5 6.6

Dividends and interest on deposits........................ 1,654 1,482 1,334 72.9 71.9 71.7

Charge-offs, etc. 4...................................................... 75 84 90 3.3 4.1 4.8

Income taxes 5........................................................... 26 23 18 1.1 1.1 1.0

Additions to surplus accounts.................................. 211 179 147 9.3 8.7 7.9

1 Includes amounts classified as “ nonrecurring” income or expenses.

2 Includes recoveries from assets previously charged off (except those credited to valuation reserve accounts), profits 

on assets sold, and transfers from valuation reserve accounts.

3 Includes salaries, wages, fees, and benefits.

4 Includes losses and other items charged off (except those charged to valuation reserve accounts), and transfers to 

valuation reserve accounts.

5 Includes franchise taxes computed on an income basis.

Note: Due to rounding, components may not add to totals.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
STATISTICS OF BANKS 

AND DEPOSIT INSURANCE

PART FIVE

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
NUMBER, OFFICES, AND DEPOSITS OF BANKS

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

States (States and other areas) during 1964 

Table 102. Number of banking offices in the United States (States and other areas), 

December 31, 1964

Grouped according to insurance status and class of bank, and by State

or area and type of office

Table 103. Number and deposits of all banks in the United States (States and other 

areas), December 31, 1964

Banks grouped according to insurance status and by district and State

Tabulations for all banks are prepared in accordance with an 

agreement among the Federal bank supervisory agencies. Provision 

of deposit facilities for the general public is the chief criterion for 

distinguishing between banks and other types of financial institutions. However, trust companies engaged in general fiduciary business though not in deposit banking are included; and credit unions 

and savings and loan associations are excluded except in the case 

of a few which accept deposits under the terms of special charters.

Branches include all offices of a bank other than its head office, 

at which deposits are received, checks paid, or money lent. Banking facilities separate from a banking house, banking facilities at 

government establishments, offices, agencies, paying or receiving 

stations, drive-in facilities and other facilities operated for limited 

purposes are defined as branches under the Federal Deposit Insurance Act, Section 3(o), regardless of the fact that in certain States, 

including several which prohibit the operation of branches, such 

limited facilities are not considered branches within the meaning 

of State law.

156 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Commercial and stock savings banks include the following categories of banking institutions:

National banks;

Incorporated State banks, trust companies, and bank and trust 

companies, regularly engaged in the business of receiving deposits, 

whether demand or time, except mutual savings banks;

Stock savings banks, including guaranty savings banks in New 

Hampshire;

Industrial and Morris Plan banks which operate under general 

banking codes, or are specifically authorized by law to accept 

deposits and in practice do so, or the obligations of which are 

regarded as deposits for deposit insurance;

Special types of banks of deposit: cash depositories in South 

Carolina; a cooperative exchange in Arkansas; a savings and loan 

company operating under Superior Court charter in Georgia; government operated banks in American Samoa, North Dakota, and 

Puerto Rico; a cooperative bank, usually classified as a credit 

union, operating under a special charter in New Hampshire; a savings institution, known as a “ trust company,” operating under 

special charter in Texas; an employes’ mutual banking association 

in Pennsylvania; the Savings Banks Trust Company in New York; 

and branches of foreign banks engaged in a general deposit business in New York, Oregon, Washington, Puerto Rico, and Virgin 

Islands.

Private banks under State supervision, and such other private 

banks as are reported by reliable unofficial sources to be engaged 

in deposit banking.

Nondeposit trust companies include institutions operating under 

trust company charters which are not regularly engaged in deposit 

banking but are engaged in fiduciary business other than that incidental to real estate title or investment activities.

Mutual savings banks include all banks operating under State 

banking codes applying to mutual savings banks.

Institutions excluded. Institutions in the following categories are 

excluded, though such institutions may perform many of the same 

functions as commercial and savings banks:

Banks which have suspended operations or have ceased to 

accept new deposits and are proceeding to liquidate their assets 

and pay off existing deposits;

Building and loan associations, savings and loan associations, 

credit unions, personal loan companies, and similar institutions, 

chartered under laws applying to such institutions or under general 

incorporation laws, regardless of whether such institutions are 

authorized to accept deposits from the public or from their members 

and regardless of whether such institutions are called “ banks” (a 

few institutions accepting deposits under powers granted in special 

charters are included) ;

Morris Plan companies, industrial banks, loan and investment 

companies, and similar institutions except those mentioned in the 

description of institutions included;

Branches of foreign banks, and private banks, which confine their 

business to foreign exchange dealings and do not receive “ deposits” 

as that term is commonly understood;

Institutions chartered under banking or trust company laws, but 

operating as investment or title insurance companies and not engaged in deposit banking or fiduciary activities;

Federal Reserve banks and other banks, such as the Federal 

Home Loan banks and the Savings and Loan Bank of the State of 

New York, which operate as rediscount banks and do not accept 

deposits except from financial institutions;

The postal savings system.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 157

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 101. CHANGES IN NUMBER AND CLASSIFICATION OF BANKS AND BRANCHES IN THE UNITED STATES (STATES AND

OTHER AREAS) DURING 1964

Type o f change

BANKS

N u m b e r o f banks, December 31, 1964 

N u m b e r of banks, December 31, 1963

N e t change during year

Banks beginning ope ra tion .......................................

New b a n k s .........................................................................

Financial in s titu tio n b e co m in g bank o f d e p o sit. 

B anks add ed to c o u n t2................................................

Banks ceasing ope ra tion ...................................

A b s o rp tio n s , c o n so lid a tio n s and m e rg e rs. 

Closed because o f fin a n c ia l d iffic u ltie s .

O ther liq u id a tio n s .................................

D isco n tin u e d d e p o sit o p e ra tio n s .

Noninsured banks becoming in su re d...........

A d m issio n to in su ra n ce , o p e ra tin g banks

Other changes in cla ssifica tio n ...................

N a tion al ban ks su cce e d in g S tate b an ks. 

S tate ban ks su cce e d in g N a tion al ban ks.

A d m issio n to F. R. S y s te m ...........................

W ith dra w al fro m F. R. S y s te m ....................

Changes not involving num ber in any class:

S u cce ssio n .......................................................................

Changes in t itle .............................................................

Changes in lo c a tio n .....................................................

Changes in title and lo c a tio n ...................................

C hanges in nam e of lo c a tio n ...................................

Changes in co rp o ra te pow ers:

To ope rate u nd er general b an king la w s :i..........

G ranted p e rm issio n to exercise tru s t p o w e rs 4 

O th e r5..................... .. .................................... ............

All banks

Total

14,281

14,092

+189

335

1

2

149

138

1

118

1 1

13

In ­

sured

13,820

13,621

+199

323

323

N oninsured

144

136

7

1

+ 2 0

+ 2 0

115

1 1

13

2

461

471

- 1 0

- 2 0

- 2 0

C om m ercial and stock savings banks 

and n o n deposit tru s t com panie s

Total

13,775

13,582

+193

337

335

144

133

1

117

1 1

13

2

2

62

2

Total

13,493

13,291

+ 2 0 2

323

323

141

133

7

1

+ 2 0

+ 2 0

114

1 1

13

2

M em b ers F. R. 

System

National

4,773

4,615

+158

200

200

+26

+32

- 6

State

1,451

1,492

-27

-1 3

+ 1

+4

-1 9

Not 

m e m ­

bers 

F. R. 

System

7,269

7,184

+85

120

120

+ 2 0

+ 2 0

+ 1

-1 9

+ 5

- 4

+19

N oninsured

Banks

of

de ­

posit

235

242

N onde p o sit 

tru s t 

co m ­

panies 1

- 1

- 1

M utual savings banks

Total

506

510

In ­

sured

327

330

N oninsured

179

180

158 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BRANCHES

Number of branches, December 31, 19646 

Number of branches, December 31, 19636

Net change during year..............................

Branches opened for business..................................

Facilities provided as agents of the g o ve rn m e n t8

Absorbed banks converted to branche s.................

Branches replacing head offices relocated...........

O ther branches o p e n e d 9..............................................

Branches added to c o u n t2...........................................

Branches discontinued...............

Facilities..........................................

B ranch es........................................

Branches deleted fro m c o u n t11

Other changes in classification.....................................

B ranches changing class as result of su c c e s s io n -

n e t........................................................................................

Branches of insured banks w ithdraw ing from F. R.

S yste m ................................................................................

Branches of noninsured banks adm itted to

in su ra n ce ...........................................................................

Branches tra n sfe rre d through sale or as result of 

a b s o rp tio n .........................................................................

Changes not involving number in any class:

Branches tran sferred as result of absorption or

succession.........................................................................

Changes in title, location or name of location..........

Changes in ope rating powers of branches................

ALL BANKING OFFICES

Number of offices, December 31, 19646 

Number of offices, December 31, 196367

Net change during year............................

Offices opened.

B a n ks.............

B ranch es.......

Offices closed.

B a nks............

B ra n ch e s....

Changes in classification:

Am ong b a n ks....................

Am ong bra n ch e s............

15,446

14,277

+1,169

1,216

3

125

14

1,067

7

47

1

38

47

281

6

29,727

28,369

+1,358

1,554

338

1,216

196

149

47

15,252

14,087

+1,165

1,208

3

124

13

1,061

7

47

1

38

+4

+3 

+ 1

45

281

6

29,072

27,708

+1,364

1,531

323

1,208

191

144

47

+24

+ 2 0

+4

194

190

+4

655

14,771

13,652

+1,119

1,166

3

122

13

1,022

6

47

1

38

41

274

6

28,546

27,234

+1,312

1,503

337

1,166

191

144

47

14,703

13,585

+1,118

1,162

3

122

12

1,019

6

47

1

+3

+3

41

274

6

28,196

26,876

+1,320

1,485

323

1,162

141

47

+23

+ 2 0

+3

8,181

7,434

+747

679

2

85

3

587

2

20

1

18

1

+8 8

+75

+ 13

27

153

12,954

12,049

+905

879

200

679

+114

+26

+8 8

3,308

3,200

+108

194

177

1

+3

4,759

4,692

+67

197

3

194

35

17

18

-95

-2 7

3,214

2,951

+263

1

2 1

9

255

3

1

-17

-1 7 

+ 13 

+3 

-1 6

10,483

10,135

+348

120

289

56

9

+4

+ 2 1

-1 7

+ 1

4

-3

- 3

288

294

- 2 2

-1 9

- 3

675

625

+50

50

1,181

1,135

+46

51

1

50

5

5

549

502

+47

46

+ 1

+ 1

876

832

+44

46

'46'

3

3

+ 1

+r

126

123

+3

4

.....

. . .3.

- 1

+ 2

5

1

4

2

2

- 1

’- i'

1 Includes one trust company member of the Federal Reserve System.

2 Opened prior to 1964 but not included in the count as of December 31,1963.

3 One private bank incorporated, and one nondeposit trust company amended its charter and began deposit banking.

4 Information available only for insured banks not members of Federal Reserve System.

5 Absorbtion of nonbanking financial institutions by insured banks.

6 Includes a few seasonal offices of State banks members of the Federal Reserve System and insured State banks not members of the F.R.S. which were not in operation December 31,1964.

7 Figures differ from those published in the annual report for 1963 due to reclassification of the following branches previously tabulated as insured not members of the Federal Reserve Svstem ■ Pacific Islands 3 

to national; Puerto Rico, 11 to national, and 4 to State members; Virgin Islands, 4 to State members. ’

8 Facilities established in or near military or other Federal Government installations at request of the Treasury Department or the commanding officer of the installation

9 Excludes opening and closing of seasonal offices (except those newly established in 1964).

10 Closed prior to 1964 but included in count as of December 31, 1963.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 159

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 102. NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1964

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

S tate and ty p e o f bank o r o ffice

All banks Com m ercial and stock savings banks 

and non deposit tru s t com panie s M u tu a l savings banks Percentage in s u re d 1

Total

In ­

sured

N o ninsured Total

Insured N o ninsured

Total

In ­

sured

N o ninsured

All

banks

o f

de ­

posit

C om ­

m ercial

banks

o f

d ep osit

M utual

savings

Total banks

M em be

Sys1

National

rs F. R. 

tem

State

Not 

m e m ­

bers 

F. R. 

System

Banks

of

d e ­

p o s it2

N ond e p o sit

tru s t

co m ­

p a n ie s 3

United States—all offices 29,727 29,072 655 28,546 28,196 12,954 4,759 10,483 288 62 1,181 876 305 98.0 99.0 74.2

B a n k s ............................................ 14,281 13,820 461 13,775 13,493 4,773 1,451 7,269 235 47 506 327 179 97.1 98.3 64.6

Unit banks.............................. 1 0 ,9 9 9 1 0 ,6 2 8 371 1 0 ,7 3 2 1 0 ,4 7 3 3 ,4 81 1 ,0 0 6 5 ,9 8 6 217 42 267 155 112 9 7 .0 9 8 .0 58.1

Banks operating branches........... 3 ,2 8 2 3 ,1 9 2 90 3 ,0 4 3 3 ,0 2 0 1 ,2 9 2 445 1 ,2 8 3 18 5 239 172 67 9 7 .4 9 9 .4 7 2 .0

B ra n c h e s ..................................... 15,446 15,252 194 14,771 14,703 8,181 3,308 3,214 53 15 675 549 126 98.8 99.6 81.3

50 States and D. C.—all offices 29,549 28,920 629 28,370 28,044 12,937 4,751 10,356 264 62 1,179 876 303 98.1 99.0 74.3

B a n k s ............................................ 14,265 13,812 453 13,760 13,485 4,772 1,451 7,262 228 47 505 327 178 97.1 98.0 64.8

Unit banks.............................. 1 0 ,9 9 4 1 0 ,6 2 7 367 1 0 ,7 2 7 1 0 ,4 7 2 3 ,4 81 1 ,0 0 6 5 ,9 8 5 213 42 267 155 112 9 7 .0 9 8 .0 5 8 .0

Banks operating branches........... 3 ,2 7 1 3 ,1 8 5 86 3 ,0 3 3 3 ,0 1 3 1,291 445 1 ,2 7 7 15 5 238 172 66 9 7 .5 9 9 .5 7 2 .3

B ra n c h e s ..................................... 15,284 15,108 176 14,610 14,559 8,165 3,300 3,094 36 15 674 549 125 98.9 99.8 81.5

Other areas—all offices ....... 178 152 26 176 152 17 8 127 24 2 2 85.4 86.4

B a n k s ............................................ 16 8 8 15 8 1 7 7 1 1 50.0 53.3

Unit banks 1 4 5 1 1 4 20.0 20.0

Banks operating branches 11 7 A 10 7 1 6 3 1 1 6 3 .6 7 0 .0

B r a n c h e s ............... 162 144 18 161 144 16 8 120 17 1 1 88.9 89.4

State

Alabama—all offices 394 394 394 394 192 31 171 100.0 100.0

B a n k s ............................................ 252 252 252 252 80 23 149 100.0 100.0

Unit banks 213 213 213 213 55 19 139 100.0 100.0

Banks operating branches 39 39 39 39 25 4 10 100.0 100.0

B ra n c h e s ..................................... 142 142 142 142 112 8 22 100.0 100.0

Alaska—all o f f ic e s ................ 64 62 2 63 61 48 13 2 1 1 96.9 96.8 100.0

B a n k s ............................................ 13 11 2 12 10 5 5 2 1 1 84.6 83.3 100.0

Unit banks.............................. 5 3 2 4 2 2 1 1 6 0 .0 5 0 .0 100.0

Banks operating branches........... 8 8 8 8 5 3 100.0 100.0

B ra n ch e s ................................. 51 51 51 51 43 8 100.0 100.0

Arizona—all offices................... 263 254 9 263 254 176 18 60 9 100.0 100.0

B a n k s ............................................ 16 15 1 16 15 4 1 10 1 100.0 100.0

Unit banks .. 6 6 6 6 1 5 100.0 100.0

Banks operating branches 10 9 1 10 9 3 1 5 1 100.0 100.0

B ranches .................... 247 239 8 247 239 172 17 50 8 100.0 100.0

160 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Arkansas—all offices............... 335 331 4

B a n k s ............................................ 245 241

4

Unit banks.............................. 191 187

4

54 54

B ra n c h e s ..................................... 90 90

California—all offices............... 2,478 2,467 11

B a n k s ............................................ 200 194

6

Unit banks.............................. 109 105

4

Banks operating branches........... 91 89 2

B ra n c h e s ............................... 2,278 2,273 5

Colorado—all offices................ 254 215 39

B a n k s ............................................ 246 207 39

Unit banks.............................. 239 200 39

7 7

B ra n c h e s ..................................... 8 8

Connecticut—all offices........... 520 5155

B a n k s ............................................ 137 1325

Unit banks.............................. 62 57 ,5

75 75

B ra n c h e s ..................................... 383 383

Delaware—all offices................ 92 92

B a n k s ............................................ 22 22

Unit banks. . ................. 12 12

Banks operating branches........... 10 10

B ra n c h e s ..................................... 70 70

D. C.—all offices........................ 99 99

B a n k s ............................................ 15 15

Unit banks...........................

2

Banks operating branches........... 13 13

B ra n c h e s ..................................... 84 84

Florida—all offices.................... 441 438

3

B a n k s ............................................ 424 421 3

Unit banks.............................. 408 405 3

Banks operating branches........... 16 16

B ra n c h e s ..................................... 17 17

Georgia—all offices.................. 600 550 50

B a n k s ............................................ 431 381 50

Unit banks.............................. 3 73 323 50

Banks operating branches........... 58 58

B ra n c h e s ..................................... 169 169

Hawaii—all offices.................. 127 121

6

B a n k s ............................................ 12 7 5

Unit banks............................. 4 4

Banks operating branches...........

8

71

B ra n c h e s ..................................... 115 114

1

335 331 112

245 241 63

191 187 39

54 54 24

90 90 49

2,478 2,467 1,777

200 194 90

109 105 58

91 89 32

2,278 2,273 1,687

254 215 120

246 207 115

239 200 111 7 7 4 8 8 5

352 347 180

66 61 27

28 23 12

38 38 15

286 286 153

84 84

8

20 20

5

12 12

4

8

8

1

64 64 3

99 99 54

15 15 8 2 2 2

13 13

6

84 84 46

441 438 199

424 421 187

408 405 176

16 16 11

17 17 12

600 550 162

431 381 55

373 323 31

58 58 24

169 169 107

127 121 43

12 7

2

48

72

115 114 41

424

163

13

408

18

17

1611

186 3 1 99.1 99.1

158 3

1 98.8 98.8

134 3 1 9 8 .4 9 8 .4

24 1 0 0 .0 1 0 0 .0

28 100.0 100.0

266 11 100.0 100.0

88 6 100.0 100.0

44

4 1 0 0 .0 1 0 0 .0

44

2 1 0 0 .0 100.0

178 5 100.0 100 .0

77 39 84.6 84.6

75 39 84.1 84.1

73 39 8 3 .7 8 3 .7 2 1 0 0 .0 1 0 0 .0 2 100.0 100.0

84 4 1 168 168 99.2 98.9 100.0

27 4 1 71 71 97.1 93.8 100 .0

11

4

1 34 34 9 3 .4 8 5 .2 100.0

16 37 37 1 0 0 .0 1 0 0 .0 100.0

57 97 97 100.0 100.0 100 .0

43 8 8 100.0 100.0 100.0

13 2 2 100 .0 100.0 100 .0 8 100.0 1 0 0 .0 2 2 100.0 1 0 0 .0 100.0

30 6

6 100 .0 100.0 100.0

11 100.0 100.0 3 100 .0 100.0

100.0 1 0 0 .0

3 100.0 1 0 0 .0 8 100 .0 100.0

230

2

1 99.5 99.5

225

2

1 99 .5 99.5

220 2 1 99.5 9 9 .5

100.0 1 0 0 .0

5 100 .0 100.0

340 50 91.7 91.7

310 50 88.6 88.6

283 50 8 6 .6 8 6 .6

27 1 0 0 .0 1 0 0 .0

30 100.0 100.0

78

6 100.0 100.0

5 5 100.0 100.0 4 j 1 100 .0 100 0

73 1 100 .0 100.0

NUMBER, OFFICES, AND DEPOSITS OF BANKS 161

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
TABLE 102. NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS),

DECEMBER 31, 1964— CONTINUED

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

All banks C om m ercial and stock savings banks 

and non deposit tru s t com panie s M utu al savings banks

Insured N oninsured

T otal

In ­

sured

N oninsu re d Total

Total

M em bers F. R. 

System

Not

m e m ­

bers

Banks

of

N ond e p o sit

tru s t

co m ­

p a n ie s 3

Total

In ­

sured

N oninsured

National State

F. R. 

System

de ­

p o s it2

144 144 144 144 100 26 18

24 24 24 24 9 6 9

12 12 12 12 4 3 5

12 12 12 12 5 3 4

120 120 120 120 91 20 9

1,035

1,030

1 ,0 2 6

4

1,029

1,024

1,020

6 1,035

1,030

1 ,0 2 6

1,029

1,024

1,020

4

415 115 499 3 3

6 410 115 499 3 3

6 406 115 499 3 3

4 4 4

5 5 5 5 5

876 871 5 872 867 371 145 351 4 1 4 4

435 430 5 431 426 124 94 208 4 1

1

4 4

274 269 5 270 265 63 69 133 4 4 4

161 161 161 161 61 25 75

441 441 441 441 247 51 143

896 880 16 896 880 124 81 675 15 1

675 659 16 675 659 101 64 494 15 1

502 486 16 502 486 80 49

15

357 15 1

173 173 173 173 21 137

221 221 221 221 23 17 181

644 643 1 644 643 196 49 398 1

594 593 1 594 593 169 42 382 1

546 1

48

545 1 546

48

545

48

144

25

35 366

48 7 16

50 50 50 50 27 1 16

561 555 6 561 555 190 49 316 6

348 342 6 348 342 82 14 246 6

252 246 6 252 246 43 7 196 6

96 96 96 96 39 7 50

213 213 213 213 108 35 70

State and typ e o f ban k o r o ffice

P ercentage in s u re d 1

All

banks

of

de ­

posit

C om ­

m ercial

banks

of

de p o sit

M utual

savings

banks

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

100 .0 100 .0

99.7 99.7

99 .7 99 .7

99.7 99.7

100.0 100.0

100 .0 100 .0

99.5 99.5 100.0

99 .1 99 .1 100.0

9 8 .5 9 8 .5 100.0

1 0 0 .0 1 0 0 .0

100.0 100.0

98.3

97.8

98.3

97.8

9 7 .0 9 7 .0

1 0 0 .0 1 0 0 .0

100.0 100.0

99.8 99.8

99.8 99.8

9 9 .8 9 9 .8

1 0 0 .0 1 0 0 .0

100.0 100.0

98.9 98.9

98.3 98.3

9 7 .6 9 7 .6

1 0 0 .0 1 0 0 .0

100.0 100.0

Idaho— all o ffice s .........

Banks...........................

Unit banks..................

Banks operating branches

Branches.....................

Illinois— all offices.......

B anks...........................

Unit banks..................

Banks operating branches

Branches.....................

Indiana— all offices. ...

Banks...........................

Unit banks..................

Banks operating branches

Branches.....................

Iowa— all o ffices...........

Banks...........................

Unit banks.................

Banks operating branches

Branches.....................

Kansas— all o ffice s......

B anks...........................

Unit banks.................

Banks operating branches

B ranches.....................

Kentucky— all offices

Banks...........................

Unit banks...................

Banks operating branches

B ranches.....................

162 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
L o u is ia n a -a ll o ffic e s ...............

B anks........................................

Unit banks..............................

Banks operating branches...........

B ranches..................................

Maine— all o ffice s......................

Banks........................................

Unit banks...............................

Banks operating branches...........

Branches..................................

Maryland— all o ffic e s ...............

Banks. .....................................

Unit banks...............................

Banks operating branches...........

Branches..................................

Massachusetts— all o ffic e s ....

B anks........................................

Unit banks...............................

Banks operating branches...........

B ranches4................................

Michigan— all o ffice s ................

B anks........................................

Unit banks...............................

Banks operating branches...........

B ranches..................................

M innesota— all o ffic e s .............

B anks........................................

Unit banks...............................

Banks operating branches.........

B ranches..................................

M ississippi— all o ffic e s ............

Banks........................................

Unit banks...............................

Banks operating branches...........

Branches............................

M issouri— all o ffic e s .................

Banks.......................................

Unit banks...............................

Banks operating branches.........

Branches..................................

Montana— all o ffic e s .................

B anks........................................

Unit banks...............................

Banks operating branches...........

Branches..................................

445 444

209 208

126 125

83 83

236 236

253 232

78 66

39 31

39 35

175 166

533 526

127 126

63 63

64 63

406 400

1,015 712

338 162

160 51

178 111

677 550

1,166 1,162

361 359

193 192

168 167

805 803

730 724

721 715

716 710 5 5

9 9

387 385

196 194

108 106

88 88

191 191

699 688

643 632

587 576

56 56

56 56

132 131

129 128

126 125 3 3 3 3

1 445

1 209 1 126

83

236

21 209

12 46 8 13 4 33

9 163

7 491

1 121

62

1 59

6 370

303 685

176 159

109 53

67 106

127 526 4 1,166

2 361 1 193

1 168 2 805

6 729 6 720

6 71559

2 387

2 196 2 108

88

191

11 699

11 643

11 587

56

56

1 132 1 129 1 12633

444 176

208 47

125 17

83 30

236 129

194 87

40 22

118

29

H

154 65

484 227

120 49

62 23

58 26

364 178

678 398

154 93

49 33

105 60

524 305

1,162 452

359 96

192 43

167 53

803 356

723 199

714 193

709 191

5 2

9 6

385 75

194 31

106

8

88 23

191 44

688 108

632 91

576 74

56 17

56 17

131 50

128 48

125 46 3 2 3 2

143

17

17

126

433

126

69

57

307

28

28

233

1

151

1

105

1

46

82

51 15 44 38 6

12

6 32 26

6

1

2 26 20 6

11 4 6 6

39

9 12 12

198

7 42 42

64

1 6 6

38 1 1

26

1 5 5

134 6 36 36

137 5 2 330 34 296

44 4

1 179 8 171

16

4 107

2 105

28

1 72 6 66

93 1

1 151 26 125

277

3

1

137 1 1

80 1

57 1

140

2

496 6 1 1

493

6 1 1

490 6 1 1 3

281 2

156

2

96

2

60

125

483 8 3

457

8

3

431 8

3

26

26

36 1

36 1

36

1

99.8

99.5

9 9 .2

100.0

100.0

91.7

84.6 

9 7 .5

8 9 .7

94.9

98.7

99.2

100.0

9 8 .4

98.5

70.3

48.1

3 1 .9

6 2 .7

81.4

99.7

99.7 

100.0

9 9 .4

99.8

99.2

99.2

9 9 .2

100.0

100.0

99.5

99.0

9 8.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.5

9 9 .2

100.0

100.0

92.8

87.0

8^.6

8 7 .9

94.5

98.6

99.2 

100.0

9 8 .3

98.4

99.0

97.5

9 2 .5

100.0

99.8

99.7

99.7 

100.0

9 9 .4

99.8

99.2

99.2

9 9 .2

100.0

100.0

99.5

99.0

9 8.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

86.4

81.3

7 6 .9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

10.3

4.5

1 .9

8 .3

17.2

100.0

100.0

100.0

NUMBER, OFFICES, AND DEPOSITS OF BANKS 163

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
TABLE 102. NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS),

DECEMBER 31, 1964— CONTINUED

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

State and type o f bank or office

All banks C om m ercial and stock savings banks 

and non deposit tru s t com panie s

Insured N oninsured

Total

In ­

sured

N onin su re d Total

Total

M em bers F. R. 

System

Not

m e m ­

bers

Banks

of

N ond e p o sit

tru s t

co m ­

p a n ie s 3

Total

In ­

sured

N oninsured

National State

F. R. 

Syste m

de ­

p o s it2

459 454 5 459 454 142 14 298 1 4

432 427 5 432 427 125 13 289 1

1

4

407

25

402 5 407

25

402 109 12

1

281 4

25 25 16 8

27 27 27 27 17 1 9

66 66 66 66 35 21 10

8 8 8 8 3 3 2

2 2 2 2 1 1

6 6 6 6 3 1

58 58 58 58 32 18 8

131 128 3 93 90 68 1 21 3 38 38

105 102 3 73 70 50 1 19 3 32 32

81 78 3 55 52 34 1 17 3 26 26

24 24 18 18 16 6 6

26 26 20 20 18 2 6 6

911 908 3 863 860 541 212 107 3 48 48

257 254 3 236 233 146 48 39 3 21 21

95 92 85 82 52 13 17 3 10 10

162 162 151 151 94 35 22 11 11

654 654 627 627 395 164 68 27 27

147 147 147 147 80 14 53

63 63 63 63 33 8 22

27 27 27 27 16 4 7

36 36 36 36 17 4 15

84 84 84 84 47 6 31

2,515

479

2,482 33 2,166

354

2,133

326

962 1,042

86

129 28 5 349 349

451 28 203 37 23 5 125 125

202 24 182 158 n o 30 18 19 5 44

81

44

253 249 4 172 168 93 56 19 4 81

2,036 2,031 5 1,812 1,807 759 956 92 5 224 224

M utu al savings banks Percentage in s u re d 1

All

banks

of

deposit

C om ­

m ercial

banks

of

d ep osit

99.8 99.8

99.8 99.8

9 9 .8 9 9 .8

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

9 7 .7 96.8

97 .1 95.9

9 6 .3 9 4 .5

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

98.9 98.7

95.1 93.4

91.4 8 9 .3

9 8 .4 9 7 .7

99.8 99.7

M utual

savings

banks

Nebraska—all offices.........

B a n k s ......................................

Unit banks.........................

Banks operating branches......

B ra n c h e s ...............................

Nevada—all offices.............

B a n k s ......................................

Unit banks.........................

Banks operating branches......

B ra n c h e s ...............................

New Hampshire—all offices

B a n k s ......................................

Unit banks.........................

Banks operating branches......

B ra n c h e s ...............................

New Jersey—all offices.........

B a n k s ......................................

Unit banks.........................

Banks operating branches......

B ra n c h e s ...............................

New Mexico—all offices....

B a n k s ......................................

Unit banks..........................

Banks operating branches......

B ra n c h e s ...............................

New York—all offices..........

B a n k s ......................................

Unit banks.........................

Banks operating branches......

B ra n c h e s 4. . .........................

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

164 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
North Carolina—ail offices.... 868 864 4 868 864 286 98

B a n k s ............................................ 152 151 1 152 151 31 4

67 67 67 67 9 j

Banks operating branches........... 85 84 1 85 84 22

B ra n c h e s ..................................... 116 713 3 716 713 255 94

North Dakota—all offices........ 207 203 4 207 203 48 5

B a n k s ............................................ 163 159 4 163 159 41 3

Unit banks.............................. 130 126 4 130 126 35 2

Banks operating branches........... 33 33 33 33 6 \

B ra n c h e s ..................................... 44 44 44 44 7 2

Ohio—all offices......................... 1,422 1,421 1 1,418 1,417 687 417

B a n k s ............................................ 549 548 1 547 546 221 130

Unit banks.............................. 322 321 1 321 3 20 103 82

Banks operatinq branches........... 227 227 226 226 118 48

B ra n c h e s ...................................... 873 873 871 871 466 287

Oklahoma—all offices.............. 453 452 1 453 452 251 26

B a n k s ............................................ 417 416 1 417 416 111 24

Unit banks............................... 383 382 1 383 382 195 22

Banks operating branches........... 34 34 34 34 27 2

B ra n c h e s ..................................... 36 36 36 36 29 2

Oregon—all offices.................... 301 299 2 300 298 211 14

B a n k s ............................................ 52 50 2 51 49 11 3

Unit banks............................... 27 25 2 26 24 6 2

Banks operating branches........... 25 25 25 25 5 1

B ra n c h e s4................................... 249 249 249 249 200 11

Pennsylvania—all offices........ 1,804 1,791 13 1,739 1,726 1,119 254

B a n k s ............................................ 598 588 10 591 581 387 48

Unit banks............................... 369 361 8 367 3 59 242 24

Banks operating branches........... 229 227 2 224 222 145 24

B ra n c h e s4.................................... 1,206 1,203 3 1,148 1,145 732 206

Rhode Island—all offices........ 167 158 9 122 113 57 26

B a n k s ............................................ 17 15 2 10 8 4 1

Unit banks...............................

Banks operating branches........... 17 15 2 10 8 4 1

B ra n c h e s ..................................... 150 143 7 112 105 53 25

South Carolina—all offices__ 375 371 4 375 371 189 9

B a n k s ............................................ 133 129 4 133 129 25 5

Unit banks............................... 75 71 4 75 71 5 3

Banks operating branches........... 58 58 58 58 20 2

B ra n c h e s ...................................... 242 242 242 242 164 4

South Dakota—all offices 245 244 1 245 244 67 27

B a n k s ............................................ 173 172 1 173 172 33 25

Unit banks............................... 140 139 1 140 139 28 23

Banks operating branches........... 33 33 33 3 3 5 2

B ra n c h e s ...................................... 72 72 72 72 34 1

480 4

116 1

57

59 1

364 3

150 4

115 4

89 4

26

35

313 1 4 4

195 1 2 2

135 1 1 1

60 1 1

118 2 2

175 1

170 1

1165

5

5

73 1 1 1 1

35 1 1 1

1

1

1 1 116

19

38

353 10 3 65 65

146 7 3 7 7

93 5 3 2 2

53 2 5 5

207 3 58 58

30 9 45 45

3 2 7 7

3 2 7 7

27 7 38 38

173 4

99 4

63 4

36

74

150 1

114 1

88 1

26

36

99.5

99.3

100.0

9 8 .8

99.6

98.1

97.5

9 6 .9

100.0

100.0

99.9

99.8

9 9 .7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.7

98.0

9 6 .2

100.0

100.0

9 8 .6

9 9 .1

99.8

94.6

88.2

99.5

99.3 

100.0

9 8 .8

99.6

98.1

97.5

9 6 .9

100.0

100.0

99.9

99.8

9 9 .7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.7

98.0

9 6 .0

100.0

100.0

99.4

98.8

9 8 .6

9 9 .1

99.7

92.6

80.0

100.0

100.0

100.0

100.0

100.0

100.0

1 0 0 .0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

95.3

98.9

97.0

9 4 .7

100.0

100.0

99.4

100.0

100.0

8 0 .0

93.8

98.9

97.0

9 4 .7

100.0

100.0

99.4

9 9 .3

100.0

100.0

100.0

100.0

NUMBER, OFFICES, AND DEPOSITS OF BANKS 165

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
TABLE 102. NUMBER OF BANKING OFFICES IN THE UNITED STATES (STATES AND OTHER AREAS),

DECEMBER 31, 1964— CONTINUED

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY STATE OR AREA AND TYPE OF OFFICE

All banks C om m ercial and stock savings banks 

and non deposit tru s t com panie s M utu al savings banks Percentage in s u re d 1

Insured N oninsured

In ­

sured

N oninsured Total

Total

M em bers F. R. 

System

Not

m e m ­

bers

Banks

of

N ond e p o sit

tru s t

co m ­

p a n ie s 3

Total

In ­

sured

N oninsured

All

banks

of

d e ­

C om ­

m ercial

banks

of

M utual

savings

banks

National State

F. R.

System

de ­

p o s it2

posit d ep osit

585 4 589 585 257 31 297 3 1 99.5 99.5

290 4 294 290 75 8 207 3 1 99.0 99.0

196 4 200 196 33 3 160 3 1 9 8 .5 9 8 .5

94

295

94 94

295

42 47

90

1 0 0 .0 1 0 0 .0

295 182 23 100.0 100.0

1,165

1,115

1 ,0 6 4

51

15 1,180

1,130

1 ,0 7 9

51

1,165

1,115

1 ,0 6 4

51

558 80 527 15 98.7 98.7

15 539 75 501 15 98.7 98.7

15 519 70 475 15 9 8 .6 9 8 .6

20 26 100.0 1 0 0 .0

50 50 50 19 5 26 100.0 100.0

157 1

1

158

55

S3

157 68 40 49 1 99.4 99.4

54 54 12 13 29 1

1

98.2 98.2

34

20

I 8 6 20 9 7 .1 9 7 .1

20 20 4 7 9 1 0 0 .0 1 0 0 .0

103 103 103 56 27 20 100.0 100.0

105 1

1

98 97 54 43 1 8 8 100.0 100.0 100.0

54 49 48 28 20 1 6 6 100.0 100.0 100.0

33 i 30 29 18 U 1 4 4

2

1 0 0 .0 1 0 0 .0 1 0 0 .0

21 19 19 10 9 2 1 0 0 .0 1 0 0 .0 1 0 0 .0

51 49 49 26 23 2 2 100.0 100.0 100.0

763 763 763 409 148 2QS 100.0 100.0

277 277 111 123 61 93 100.0 100.0

151 151 151 60 39 52 1 0 0 .0 1 0 0 .0

126 126 126 63 22 41

113

1 0 0 .0 1 0 0 .0

486 486 486 286 87 100.0 100.0

493 1 475 474 357 36 81 1 19 19 99.8 99.8 100.0

100 1 97 96 28 10 58 1 4 4 99.0 99.0 100.0

62 1 62 61 14

14

329

42 1 1 1 9 8 .4

1 0 0 .0

9 8 .4

1 0 0 .0

1 0 0 .0

38 35 35 5 16 3 3 1 0 0 .0

393 378 378 26 23 15 15 100.0 100.0 100.0

S tate and typ e of bank or o ffice

Tennessee—all offices.

B a n k s ...............................

Unit banks.................

Banks operating branches.

B ra n c h e s ......................

Texas—-all offices.......

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Utah—all offices.............

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Vermont—all offices....

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Virginia—all offices.......

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Washington—all offices.

B a n k s ................................

Unit banks.....................

Banks operating branches..

B ra n c h e s 4.......................

Total

589

294

200

H

295

1,180

1.130

1,07.9

51

50

158

55

35

20

103

106

55

34

21

51

763

277

151

126

494

101

63

393

166 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
West Virginia—all offices.

B a n k s ....................................

Unit banks........................

Banks operating branches

B ra n c h e s .............................

184

184

184

183

183

183

184

184

184

183

183

183

99.5

99.5

9 9 .5

99.5

99.5

9 9 .5

Wisconsin—all offices...

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Wyoming—all offices__

B a n k s ................................

Unit banks...................

Banks operating branches.

B ra n c h e s .........................

Other areas

Pacific Islands—all offices5.

B a n k s ........................................

Unit banks6..........................

Banks operating branches........

B ra n c h e s 7...............................

Panama Canal Zone—

all offices......................

B a n k s ................................

Unit banks.....................

Banks operating branches.

B ra n c h e s 8.......................

752

582

476

106

170

748

578

106

170

748

578

472

106

170

745

575

469

106

170

134

109

96

13

25

543

410

323

87

133

16

16

16

99.7

99.7 

9 9 .6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

30.8

33.3

99.9

99.8

9 9 .8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

30.8

33.3

75.0

75.0

7 5 .0

Puerto Rico—all offices.

B a n k s ................................

Unit banks.....................

Banks operating branches..

B ra n c h e s 9.......................

Virgin Islands—all offices.

B a n k s ....................................

Unit banks........................

Banks operating branches.... 

B ra n c h e s 10..........................

151

11

3

8

140

12

4 

/

3

141

7

1

6

134

151

11

3

8

140

10

3

1

141

7

1

6

134

7

1

126

7

1

6

119

93.4

63.6

3 3 .3

7 5 .0

95.7

58.3

25.0

93.4

63.6

3 3 .3

7 5 .0

95.7

70.0

33.3

3 3 .3

75.0

5 0 .0

85.7

1 Nondeposit trust companies are excluded in computing these percentages.

2 Includes 10 noninsured branches of insured banks; 8 branches in the Pacific Islands and 2 in the Panama Canal Zone.

3 Includes one trust company in Massachusetts member of the F.R. System operating one branch.

4 Includes the following branches of banks located in other States or in Puerto Rico: 1 noninsured branch in Massachusetts and 1 in Pennsylvania of a noninsured bank in New York; 5 insured branches in New 

York of 2 insured banks in Puerto Rico not members of the F. R. System; 1 insured branch in Pennsylvania of a national bank in New Jersey; 1 insured branch in Oregon and 2 in Washington of a national bank in 

California.

5 United States possessions (American Samoa, Guam, Midway Islands, and Wake Island); Trust Territories (Kwajalein, Palau Islands, Ponape Island, Saipan, and Truk Atoll).

6 American Samoa.

7 Consists of the following branches of a national bank in California: 1 noninsured in Caroline Islands, Truk Atoll (Moen Island) and 4 in the Mariana Islands (3 insured on Guam and 1 noninsured on Saipan); 

also 7 branches of an insured bank in Hawaii, not a member of the F. R. System, consisting of 1 insured branch on Guam and 6 noninsured branches; 2 in Caroline Islands, Palau Islands (Koror) and Ponape Island 

(Kolonia); 2 in Marshall Islands, Kwajalein Atoll: 1 in Midway Islands, Sand Island; and 1 on Wake Island.

8 One noninsured branch of a national bank in New York, and 1 noninsured branch of an insured bank in New York a member of the F. R. System.

9 Includes 4 insured branches of an insured bank in New York a member of the F. R. System, and 11 branches of a national bank in New York.

10 Includes 4 insured branches of a national bank in New York.

Back figures: See the Annual Report for 1963, pp. 118-125, and earlier reports.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 167

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 103. NUMBER AND DEPOSITS OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1964

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND BY DISTRICT AND STATE

FDIC D istrict and State

Total United S tates.............

50 States and D. C..............

Other areas...........................

FDIC D istrict

District 1 ................................

D istrict 2 3...............................

District 3 ................................

District 4 ................................

District 5 ................................

D istrict 6 ................................

District 7 ................................

District 8 ................................

D istrict 9 ................................

District 1 0 ..............................

District 1 1..............................

District 1 2 4............................

State

Alabama.................................

Alaska.....................................

Arizona...................................

Arkansas................................

California...............................

Colorado.................................

Connecticut...........................

Delaware................................

District of C olum bia............

Florida.....................................

Georgia...................................

Hawaii.....................................

Idaho......................................

Illinois.....................................

Indiana...................................

N u m b e r of banks

C o m m ercial and stock savings 

ban ks and n o n d e p o sit 

tru s t com panie s

M utual savings banks

All 

ban ks 1

N o ninsured

T otal

In ­

sured B anks 

o f d e ­

p o s it1

N ondep osit

tru s t

co m ­

panies

Total Insured

Noninsured

14,281 13,775 13,493 235 47 506 327 179

14,265 13,760 13,485 228 47 505 327 178

16 15 8 7 1 1

730

773

1,147

888

403

624

1,138

882

381

587

1,127

875

19

29

8

3

8

3

327

149

9

150

148

9

177

1

7 6 6

1,303

1,530

1,303

1,530

1,370

1,705

1,185

1,757

1,418

460

1,248

1,505

1,360

1,683

1,173

1,711

1,401

442

54 1

20 5

1,378

1,705

1,186

1,757

1,418

6

18

4

4

8 7 1

11 1 1 1

41 5

16 1

466 6 12 6 6

252 252 252

13 12 10 2 1 1

16 16 15 1

245 245 241 3 1

200 200 194 6

246 246 207 39

137 66 61 4 1 71 71

22 20 20 2 2

15 15 15

424 424 421 2 1

431 431 381 50

12 12 7 5

24 24 24

1,030

435

1,030

431

1,024

426

3 3

4 1 4 4

All

banks

Deposits (in th o u s a n d s of dollars)

C om m ercial and stock savings 

b a n k s and no n d e p o sit 

tru s t com panie s

T otal Insured N onin su re d ;

M utual savings banks

Total In sured N oninsured

357,565,487

356,284,149

1,281,338

26,410,208

102,113,199

35,847,903

17,788,339

15,588,940

17,818,952

24,983,625

27,808,813

9,064,474

12,080,068

23,486,292

44,574,674

2,843,218

324,392

1,979,697

1,878,606

33,665,460

2,720,784

6,614,430

1,075,361

2,089,834

6,825,316

4,044,849

908,931

828,568

23,705,594

6,286,448

308,426,952

307,146,040

1,280,912

12,766,049

71,480,545

32,846,915

17,111,703

15,588,940

17,818,952

24,885,583

27,808,813

8,623,812

12,080,068

23,486,292

43,929,280

2,843,218

313,008

1,979,697

1,878,606

33,665,460

2,720,784

3,136,771

863,359

2,089,834

6,825,316

4,044,849

908,931

828,568

23,705,594

6,218,492

306,230,277

305,088,805

1,141,472

12,569,124

70,206,551

32,815,945

16,909,471

15,534,247

17,778,179

24,851,487

27,732,123

8,513,307

12,051,263

23,439,609

43,828,971

2,843,218

308,056

1,970,220

1,875,172

33,665,460

2,693,634

3,121,415

863,359

2,089,834

6,802,267

4,025,009

894,534

828,568

23,654,021

6 ,211,021

2,196,675

2,057,235

139,440

196,925

1,273,994

30,970

202,232

54,693

40,773

34,096

76,690

110,505

28,805

46,683

100,309

49,138,535

49,138,109

426

13,644,159

30,632,654

3,000,988

676,636

42.751.099

42.751.099

7,258,048

30,632,228

3,000,988

676,636

6,387,436

6,387,010

426

6,386,111

426

98,042 97,143 899

440,662 

645'394

440,662 

645'394

4,952

9,477

3,434

11,384 11,384

27,150

15,356 3,477,659

212,002

3,477,659

212,002

23,049

19,840

14,397

51,573

7,471 67,956 67,956

168 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
lUWd.............................................

K a n s a s .......................................

D/3

594

D/3

594

ooy

593

I D

1

i 4,103,219

3,155,841

3,203,061

3,920,920

1,373,939

4,103,219

3,155,841

3,203,061

3,920,920

799,987

4,078,102

3,155,028

3,193,664

3,920,090

769,056

25,117

813

9,397

830

30,931

K e n tu c k y ................................... 348 348 342 6

L o u isia n a ................................... 209 209 208 1

M a in e .......................................... 78 46 40 6 32 26 6 573,952 525,070 48,882

M a ry la n d ................................... 127 121 120 1 6 6 4,055,246

14,518,282

12,690,169

6,058,921

1,875,557

8,010,594

1,038,694

2,181,793

655,847

1,311,868

11,333,901

917,787

88,494,750

3,378,610

6,631,478

12,690,169

5,618,259

1,875,557

8,010,594

1,038,694

2,181,793

655,847

528,351

9,451,170

917,787

59,957,255

4,079,183

980,408

14,316,031

3,481,349

2,692,102

3,220,500

6,530,629

12,664,477

5,610,809

1,863,753

7,992,466

1,038,694

2.181.311 

655,847 

517,892

9,450,711

917,787

58,783,849

4,048,808

877,964

14,314,219

3.480.989 

2,681,803

18,501,726

1,116,602

1.332.312 

985,840

4,716,877

16,631,512

1,279,087

513,530

4,581,281

3,482,776

1,636,736

5.975.989 

540,301

32,840

158,110

100,849

25,692

7,450

11,804

18,128

676,636

7,886,804

676,636

1,549,575 M a s s a c h u s e tts ........................

M ic h ig a n ....................................

338

361

159

361

154

359

4

1

1

1

179 8 171 6,337,229

M in n e s o ta ................................. 721 720 714 6 1 1 440,662 440,662 M is s is s ip p i................................ 196 196 194 2

M is s o u ri..................................... 643 643 632 8 3

M o n ta n a ..................................... 129 129 128 1

N e b ra s k a ................................... 432 432 427 1 4 482

N e va d a ....................................... 8 8 8

New H a m p s h ire ..................... 105 73 70 3 32 32 10,459

459

783,517

1,882,731

783,517

1,882,731 New J e rs e y ............................... 257 236 233 3 21 21

New M e x ic o .............................. 63 63 63

New Y o rk 5............................. 479 354 326 23 5 125 125 1,173,406

30.375 

102,444

1,812

360

10,299

29,158

39,330

3,698

611

9,814

36.376 

1,273

28,537,495 28,537,495 N orth C a ro lin a ........................ 152 152 151 1 4,079,183

980,408

14,344,934

3,481,349

2,756,899

N o rth D a k o ta ........................... 163 163 159 4

O h io ............................................. 549 547 546 1 2 2 28,903 28,903 O k la h o m a .................................. 417 417 416 1

O re g o n ........................................ 52 51 49 1 1 1 1 64,797

2,972,085

744,739

64,797

2,972,085

744,739

P e n n sylva n ia ........................... 598 591 581 7 3 7 7 21,502,969 18,530,884

1,155,932

1,336,010 

986,451 

4 726 691

Rhode Is la n d ........................... 17 10 8 2 7 7 1,900,671

1,336,010

986,451

4,726,691

16,667,888

1,280,360

691,018

4,581,281

4,082,066

1,646,785

6,007,008

540,301

45,458 

26 693

S outh C a ro lin a ........................ 133 133 129 4

S outh D a k o ta .......................... 173 173 172 1

T e n n e s s e e ................................ 294 294 290 3 1

T e x a s ........................................... 1,130 1,130 1,115 15 16!667!888 

1,280,360

513,530

4,581,281

3,512,853

1,646,785

5,976,922

540,301

45,458

26,693

1,146,511

62,250

U ta h ............................................. 55 55 54 1

V e rm o n t..................................... 55 49 48 1 6 6 177,488 177,488 V irg in ia ....................................... 277 277 277

W a s h in g to n .............................. 101 97 96 1 4 4 30,077

10,049

933

569,213 569,213 W est V irg in ia ............................ 184 184 183 1

W isco n sin ........................ 582 578

68

575

68

1 2 4 3 1 30,086 29,187 899 W yo m in g .................................... 68

Other area

P acific Is la n d s 6...................... 1 1 1 12,618

26,693

97,582

2,547

Panam a Canal Z o n e 7...........

P uerto R ic o 8............................. 11 11 7 4 1,146,511

62,676

1,048,929

59,703 V irgin Is la n d s 9......................... 4 3 1 2 1 1 426 426

1 Includes 4 noninsured banks of deposit (2 in Iowa and 2 in Texas) for which data are not available.

2 Includes figures for 16 branches of foreign banks (tabulated as banks) licensed to do a deposit business in the State of New York. Data for these offices, which on December 31,1964 had deposits of $512,000 000 

were not available for previous tabulations. ' ,

3 Includes Puerto Rico and the Virgin Islands.

4 Includes Alaska, Hawaii, Pacific Islands, and the Panama Canal Zone.

5 Includes deposit data for 5 insured branches operated by 2 insured banks in Puerto Rico. See also footnote 2.

6 In United States possessions (American Samoa, Guam, Midway Islands, and Wake Island) and Trust Territories (Kwajalein, Palau Islands, Ponape Island, Saipan, and Truk Atoll). Consists of deposit data for 1 

noninsured bank in American Samoa and 5 branches of an insured bank in California, 1 noninsured in Caroline Islands, Truk Atoll (Moen Island) and 4 in the Mariana Islands (3 insured on Guam and 1 noninsured on 

paipan)-Also, 7 branches of an insured bank in Hawaii, consisting of 1 insured branch on Guam and 6 noninsured branches: 2 in Caroline Islands, Palau Islands (Koror) and Ponape Island (Kolonia); 2 in Marshall 

Islands, Kwajalein Atoll; 1 in Midway Islands, Sand Island; and 1 on Wake Island.

7 Consists of deposit data for 2 noninsured branches operated by 2 insured banks in New York.

8 Includes deposit data for 15 insured branches operated by 2 insured banks in New York.

9 Includes deposit data for 4 insured branches operated by an insured bank in New York.

Note: Data for the above branches are not included in the figures for the States in which the parent banks are located.

Back figures: See the Annual Report for 1963, pp. 126-127, and earlier reports.

NUMBER, OFFICES, AND DEPOSITS OF BANKS 169

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
ASSETS AND LIABILITIES OF BANKS

Table 104.

Table 105.

Table 106.

Table 107. 

Table 108.

Table 109.

Table 110.

Table 111. 

Table 112.

Assets and liabilities of all banks in the United States (States and other 

areas), June 30, 1964

Banks grouped according to insurance status and type of bank

Assets and liabilities of all banks in the United States (States and other 

areas), December 31, 1964

Banks grouped according to insurance status and type of bank

Assets and liabilities of all banks in the United States (States and other 

areas), December 31, 1964

Banks grouped by district and State

Assets and liabilities of all insured banks in the United States (States and 

other areas), June and December call dates, 1961 through 1964 

Assets and liabilities of insured commercial and insured mutual savings 

banks in the United States (States and other areas), December and June 

call dates, 1962 through 1964

Average assets and liabilities and assets and liabilities per $100 of total 

assets of insured commercial banks in the United States (States and other 

areas), 1964

By class of bank

Assets and liabilities and assets and liabilities per $100 of total assets of 

insured commercial banks operating throughout 1964 in the United States 

(States and other areas), December 31, 1964 

Banks grouped according to amount of deposits

Average assets and liabilities of insured commercial banks in the United 

States (States and other areas), by State, 1964

Distribution of insured commercial banks in the United States (States and 

other areas), December 31, 1964

Banks grouped according to amount of deposits and by ratios of selected

items to assets

170 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Statements of assets and liabilities are submitted by insured commercial banks upon either a cash or an accrual basis, depending 

upon the bank’s method of bookkeeping. Assets reported represent 

aggregate book value, on the date of call, less valuation and premium reserves.

Assets and liabilities held in or administered by a savings, bond, 

insurance, real estate, foreign, or any other department of a bank, 

except a trust department, are consolidated with the respective 

assets and liabilities of the commercial department. “ Deposits of 

individuals, partnerships, and corporations” include trust funds 

deposited by a trust department in a commercial or savings department. Other assets held in trust are not included in statements 

of assets and liabilities.

In the case of banks with one or more domestic branches, the 

assets and liabilities reported are consolidations of figures for the 

head office and all domestic branches. In the case of a bank with 

foreign branches, net amounts due from its own foreign branches 

are included in “ Other assets,” and net amounts due to its own 

foreign branches are included in “ Other liabilities.” Branches outside the 50 States of insured banks in the United States are treated 

as separate entities but as in the case of other branches are not 

included in the count of banks. Data for such branches are not 

included in the figures for the States in which the parent banks are 

located.

Demand balances with and demand deposits due to banks in the 

United States, except private banks and American branches of foreign banks, exclude reciprocal interbank deposits. Reciprocal interbank deposits arise when two banks maintain deposit accounts with 

each other.

Individual loan items are reported gross instead of net of valuation reserves. Accordingly, reserves for losses on loans are shown 

separately.

Instalment loans are ordinarily reported net if the instalment payments are applied directly to the reduction of the loan. Such loans 

are reported gross if, under contract, the payments do not immediately reduce the unpaid balances of the loan but are assigned or 

pledged to assure repayment at maturity.

Asset and liability data for noninsured banks are tabulated from 

reports pertaining to the individual banks. In a few cases these 

reports are not as detailed as those submitted by insured banks, 

and some of the items reported have been allocated to more detailed 

categories according to the distribution of asset and liability data 

for insured State banks not members of the Federal Reserve System 

or for other noninsured banks.

Additional data on assets and liabilities of all banks as of June 

30, 1964, and December 31, 1964, are shown in the Corporation’s 

semiannual publication, “ Assets, Liabilities, and Capital Accounts, 

Commercial and Mutual Savings Banks,” Report of Call No. 6 8 , and 

Report of Call No. 70. Data from Call No. 67, April 15, 1964, and 

Call No. 69, October 1, 1964, were not tabulated for all insured 

banks. Comparable tabulations for State and national banks were 

not feasible because of a change in the form used for national 

institutions.

Sources of data

National banks and State banks in the District of Columbia not 

members of the Federal Reserve System: Office of the Comptroller 

of the Currency.

State banks members of the Federal Reserve System: Board of 

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

Noninsured banks: State banking authorities; and reports from 

individual banks.

ASSETS AND LIABILITIES OF BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 104. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), JUNE 30, 1964

BANK S GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK 

(Am ounts in thousands of dollars)

All banks

C om m ercial and stock savings banks and 

n o n d e p o sit tru s t com panie s M utual savings banks

N oninsured

A sset, lia b ility, or ca p ita l a cco u n t item

Total Insured N oninsured

Total Insured

Banks of 

d e p o sit

N ond e p o sit

tru s t

co m ­

p a n ie s 1

Total Insured N oninsured

Total assets.................................................................................... 375,348,768 366,105,553 9,243,215 323,348,848 321,083,191 1,992,880 272,777 51,999,920 45,022,362 6,977,558

Cash, balances with other banks, and cash collection

items—total......................................................................... 54,246,500 53,768,750 477,750 53,341,833 52,969,638 334,094 38,101 904,667 799,112 105,555

C u rrency and c o in ....................................................................... 4,714,157

16,773,717

12,833,169

4,671,492

16,773,717

12,464,351

42,665 4,571,344

16,773,717

12,300,284

4,552,579

16,773,717

12,005,653

17,263 1,502 142,813 118,913 23,900

D em and balances w ith banks in U. S................................. 368,818 264,958 29,673 532,885 458,698 74,187

O ther balances w ith ban ks in U. S....................................... 637,185

371,402

18,916,870

612,791

365,678

18,880,721

24,394

5,724

457,888

371,402

18,867,198

433,514

365,678

18,838,497

20,662

5,424

25,787

3,712

300

179,297 179,277 20

Cash ite m s in process of c o lle c tio n ..................................... 36,149 2,914 49,672 42,224 7,448

Securities—total........................................................................ 107,498,557 104,390,950 3,107,607 95,928,468 95,010,439 752,414 165,615 11,570,089 9,380,511 2,189,578

U. S. G ov’t o b lig a tio n s (incl. g u a ra n te e d )......................... 65,471,964 63,269,961 2,202,003 59,456,125 58,953,758 435,648 66,719 6,015,839 4,316,203 1,699,636

O bligations o f S tates and s u b d iv is io n s ..............................

S e cu ritie s o f Federal agencies and co rp o ra tio n s (n o t

31,890,841 31,615,328 275,513 31,477,264 31,230,057 208,022 39,185 413,577 385,271 28,306

g u a ra n te e d by U. S .)............................................................... 3,884,930 3,813,096 71,834 3,169,215 3,099,001 67,682 2,532 715,715 714,095 1,620

O ther bonds, notes, and d e b e n tu re s ................................. 4,143,643 3,909,572 234,071 962,483 931,823 24,199 6,461 3,181,160 2,977,749 203,411

C orporate s to c k s .......................................................................... 2,107,179 1,782,993 324,186 863,381 795,800 16,863 50,718 1,243,798 987,193 256,605

Loans and discounts, net—total........................................... 203,992,013 198,530,566 5,461,447 165,336,220 164,480,262 816,547 39,411 38,655,793 34,050,304 4,605,489

Valuation re s e rv e s ........................................................................... 3,485,776 3,461,096 24,680 3,257,547 3,249,257 8,197 93 228,229 211,839 16,390

Loans and discounts, gross— total 207,477,789 201,991,662 5,486,127 168,593,767 167,729,519 824,744 39,504 38,884,022 34,262,143 4,621,879

Real estate loans— to ta l............................................................. 79,846,978 75,153,728 4,693,250 41,648,224 41,447,444 188,017 12,763 38,198,754 33,706,284 4,492,470

Secured by farm, land..............................................................

Secured by residential properties:

2 ,6 1 0 ,0 5 6 2 ,5 8 3 ,2 3 1 2 6 ,8 2 5 2 ,5 5 7 ,5 4 5 2 ,5 3 5 ,5 3 3 2 1 ,0 6 7 945 52,51 1 4 7 ,6 9 8 4 ,8 1 3

Insured by F H A ................................................................. 1 8 ,5 3 4 ,1 7 2 1 7 ,7 8 0 ,2 0 8 7 5 3 ,9 6 4 7 ,1 5 8 ,2 3 9 7 ,1 0 6 ,3 2 9 4 8 ,9 9 9 2 ,9 1 1 1 1 ,3 7 5 ,9 3 3 1 0 ,6 7 3 ,8 7 9 7 02 ,0 5 4

Insured or guaranteed by V A................................................ 1 3 ,6 1 9 ,8 3 8 1 2 ,5 9 8 ,9 8 4 1 ,0 2 0 ,8 5 4 2 ,7 9 3 ,4 3 6 2 ,7 5 4 ,7 9 3 3 8 ,5 8 8 55 1 0 ,8 2 6 ,4 0 2 9 ,8 4 4 ,1 9 1 982 ,2 1 1

Not insured or guaranteed by FHA or VA.............................. 3 0 ,0 0 3 ,1 0 3 2 7 ,6 9 3 ,1 8 2 2 ,3 0 9 ,9 2 1 1 7 ,7 9 8 ,5 1 0 1 7 ,7 3 4 ,2 3 8 5 8 ,5 1 7 5 ,7 5 5 1 2 ,2 0 4 ,5 9 3 9 ,9 5 8 ,9 4 4 2 ,2 4 5 ,6 4 9

Secured by other properties.......................................................

Loans to co m m e rcia l and fo re ig n banks

1 5 ,0 7 9 ,8 0 9

2,901,937

10,482,731

1 4 ,4 9 8 ,1 2 3

2,859,830

10,443,943

5 8 1 ,6 8 6

42,107

38,788

1 1 ,3 4 0 ,4 9 4

2,882,933

10,473,850

1 1 ,3 1 6 ,5 5 1

2,840,826

10,435,192

2 0 ,8 4 6

42,107

38,358

3 ,0 9 7 3 ,7 3 9 ,3 1 5

19,004

3 ,1 8 1 ,5 7 2

19,004

5 5 7 ,7 4 3

Loans to o th e r fin a n cia l in s titu tio n s .................................... 300 8,881 8,751 130

Loans to b ro ke rs and dealers in s e c u ritie s ...................... 5,538,817 5,504,905 33,912 5,526,300 5,492,413 20,978 12,909 12,517 12,492 25

O th e r loans fo r c a rry in g s e c u ritie s .......................................

Loans to fa rm e rs d ire ctly g u a ra n te e d by th e C om ­

m o d ity C re d it C o rpo ration

2,732,635

368,987

7,335,812

55,557,939

2,698,850

366,380

7,312,822

55,257,892

33,785

2,607

22,990

300,047

2,719,654

368,987

7,333,666

55,414,938

2,686,925

366,380

7,310,676

55,120,779

27,514

2,607

22,738

5,215 12,981 11,925 1,056

O ther loans to fa rm e rs (excl real estate ) 252 2,146 2,146

C om m ercial and in d u stria l lo a n s ........................................... 290,130 4,029 143,001 137,113 5,888

O ther loans to in d iv id u a ls ......................................................... 38,244,820 37,952,479 292,341 37,773,811 37,598,158 173,740 1,913 471,009 354,321 116,688

All o th e r loans (in c lu d in g o v e rd ra fts ).................................. 4,467,133 4,440,833 26,300 4,451,404 4,430,726 18,555 2,123 15,729 10,107 5,622

Miscellaneous assets—total.................................................. 9,611,698 9,415,287 196,411 8,742,327 8,622,852 89,825 29,650 869,371 792,435 76,936

B ank prem ises, fu rn itu re and fix tu re s , and real e sta te . 5,009,066 4,924,022 85,044 4,618,649 4,587,288 16,798 14,563 390,417 336,734 53,683

All o th e r m iscellane ous a s s e ts ............................................... 4,602,632 4,491,265 111,367 4,123,678 4,035,564 73,027 15,087 478,954 455,701 23,253

172 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Business and personal deposits— to ta l............................

Individuals, partnerships, and coporations— demand 

Individuals, partnerships, and corporations— tim e ...

Savings deposits...................................................................

Deposits accumulated for payment of personal loans...................

Other deposits of individuals, partnerships, and coporations........

Certified and officers’ checks, letters of credit, and 

travelers' checks, etc......................................................

Government deposits— total . * ......................................

United States Government— dem and............................

United States Government— tim e ...................................

States and subdivisions— dem and.................................

States and subdivisions— tim e ........................................

Domestic interbank and postal savings deposits— total

Commercial banks in the U. S.— d em and....................

Commercial banks in the U. S.— tim e ............................

Mutual savings banks in the U. S.— dem and...............

Mutual savings banks in the U. S.— tim e ......................

Postal savings......................................................................

Foreign government and bank deposits— to ta l..............

Foreign governm ents, central banks, etc.— demand.

Foreign governm ents, central banks, etc.— tim e ........

Banks in foreign countries— dem and............................

Banks in foreign countries— tim e ...................................

Total dep o sits...................................................................

Demand...........................................................................

Time...............................................................................

M iscellaneous liab ilitie s— to ta l..........................................

Rediscounts and other borrowed m oney.....................

All other miscellaneous liabilities....................................

Total lia b ilitie s (excluding capital accounts)..........

Capital accounts— to ta l.........................................................

Preferred capital..................................................................

Common stock.......................................................... ..........

Surplus...................................................................................

Undivided profits and reserves.......................................

Number of banks2......................................................................

Total lia b ilities and capital acco u n ts........................................ 375,348,768

280,780,258

121,726,667

154,187,285

1 2 6 ,1 9 5 ,6 0 8

8 97 ,4 2 0

2 7 ,0 9 4 ,2 5 7

4,866,306

31,978,721

10,289,804

260,738

12,676,172

8,752,007

14,489,076

13,091,229

364,576

861,855

152,199

19,217

5,824,717

681,498

3,598,274

1,364,041

180,904

333,072,772

1 6 5 ,5 5 7 ,5 7 2

1 6 7 ,5 1 5 ,2 0 0

11,145,979

2,123,674

9,022,305

344,218,751

31,130,017

603,305

7,870,113

15,661,751

6,994,848

14,189

366,105,553

273,587,716

121,036,112

147,739,255

1 1 9 ,8 5 8 ,8 2 2

8 9 5 ,3 8 7

2 6 ,9 8 5 ,0 4 6

4,812,349

31,764,288

10,257,861

257,574

12,562,582

8,686,271

14,261,223

13,051,155

359,132

749,168

82,561

19,207

5,733,893

675,616

3,574,254

1,316,494

167,529

325,347,120

1 6 4 ,4 6 1 ,3 3 7

1 6 0 ,8 8 5 ,7 8 3

10,726,686

2,059,441

8,667,245

336,073,806

30,031,747

559,875

7,744,931

15,133,523

6,593,418

13,728

9,243,215

7,192,542

690,555

6,448,030

6 ,3 3 6 ,7 8 6

2 ,0 3 3

109,211

53,957

214,433

31,943

3,164

113,590

65,736

227,853

40,074

5,444

112,687

69,638

10

90,824

5,882

24,020

47,547

13,375

7,725,652

1 ,0 9 6 ,2 3 5

6 ,6 2 9 ,4 1 7

419,293

64,233

355,060

8,144,945

1,098,270

43,430

125,182

528,228

401,430

461

323,348,848 321,083,191 1,992,880 272,777

233,872,277

121,391,091

107,624,877

7 9 ,6 6 6 ,9 3 5

8 9 6 ,6 3 1

2 7 ,0 6 1 ,3 1 1

4,856,309

31,948,137

10,283,140

260,720

12,674,672

8,729,605

14,487,608

13,091,168

363,169

861,855

152,199

19,217

5,824,675

681,457

3,598,274

1,364,040

180,904

286,132,697

1 6 5 ,2 0 3 ,7 3 2

1 2 0 ,9 2 8 ,9 6 5

10,354,878

2,102,964

8,251,914

296,487,575

26,861,273

602,627

7,870,113

12,719,552

5,668,981

13,682

232,821,964

120,715,072

107,304,540

7 9 ,4 4 7 ,9 5 5

8 9 4 ,7 0 0

2 6 ,9 6 1 ,8 8 5

4,802,352

31,735,033

10,251,709

257,556

12,561,082

8,664,686

14,259,755

13,051,094

357,725

749,168

82,561

19,207

5,733,851

675,575

3,574,254

1,316,493

167,529

284,550,603

1 6 4 ,1 2 2 ,5 4 5

1 2 0 ,4 2 8 ,0 5 8

10,118,845

2,039,406

8,079,439

294,669,448

26,413,743

559,197

7,744,931

12,551,781

5,557,834

13,401

945,420

596,829

294,700

2 0 7 ,5 5 8

1,9 31

85,21 1

53,891

212,235

30,562

3,164

113,590

64,919

227.686

39,907

5,444

112.687 

69,638

10

90,279

5,838

24,020

47,546

12,875

1,475,620

1 ,0 0 0 ,8 5 0

4 7 4 ,7 7 0

214,804

61,840

152,964

1,690,424

302,456

43,230

82,844

99,633

76,749

233

104,893

79,190

25,637

11,422

1 4 ,2 1 5

66

869

167

167

545

44

1

500

106,474

8 0 ,3 3 7

2 6 ,1 3 7

21,229

1,718

19,511

127,703

145,074

200

42,338

68,138

34,398

48

51,999,920

46,907,981

335,576

46,562,408

4 6 ,5 2 8 ,6 7 3

789

3 2 ,9 4 6

9,997

30,584

6,664

18

1,500

22,402

1,468

61

1,407

46,940,075

3 5 3 ,8 4 0

4 6 ,5 8 6 ,2 3 5

791,101

20,710

770,391

47,731,176

4,268,744

678

2,942,199

1,325,867

507

45,022,362 6,977,558

40,765,752

321,040

40,434,715

4 0 ,4 1 0 ,8 6 7

687

23,161

9,997

29,255

6,152

18

1,500

21,585

1,468

61

1,407

40,796,517

3 3 8 ,7 9 2

4 0 ,4 5 7 ,7 2 5

607,841

20,035

587,806

41,404,358

1,618,004

678

2,581,742

1,035,584

327

6,142,229

14,536

6,127,693

6 ,1 1 7 ,8 0 6

102

9 ,7 8 5

1,329

512

817

6,143,558

15,04 8

6 ,1 2 8 ,5 1 0

183,260

675

182,585

6,326,818

650,740

360,457

290,283

180

1 ^ m.ou.n*s shown as deposits are special accounts and univested trust funds with the latter classified as demand deposits of individuals, partnerships, and corporations.

2 Includes 18 noninsured banks of deposit for which asset and liability data are not available.

Back figures: See the Annual Report for 1963, pp. 130-131, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 173

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 105. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1964

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK 

(Am ounts in thousands of dollars)

All banks

C om m ercial and stock savings banks and 

n o n d e p o sit tru s t com panie s M utu al savings banks

Asset, lia b ility, o r capital a cco u n t item Total Insured

N oninsured

Total Insured N o ninsured Banks of 

d e p o s it1

N ond e p o sit

tru s t

co m ­

p a n ie s 2

Total in su re d N oninsured

Total assets.................................................................................... 402,673,308 392,174,389 10,498,919 348,433,496 345,130,205 3,016,367 286,924 54,239,812 47,044,184 7,195,628

Cash, balances with other banks, and cash collection

items—total 61,643,984 60,926,055 717,929 60,640,246 60,032,916 569,822 37,508 1,003,738 893,139 110,599

C u rrency and c o in .......................................................................

Reserve w ith F. R. banks (m e m b e r b a n k s )......................

4,736,444

17,580,743

15,129,133

4,690,732

17,580,743

14,567,230

45,712 4,572,841

17,580,743

14,577,048

4,551,889

17,580,743

14,090,586

19,486 1,466 163,603 138,843 24,760

D em and balances w ith ban ks in U. S.................................. 561,903 458,000 28,462 552,085 476,644 75,441

O ther balances w ith ban ks in U. S........................................

Balances w ith banks in fo re ig n co u n trie s ................

811,764

341,237

23,044,663

782,609

300,841

23,003,900

29,155

40,396

40,763

587,352

341,237

22,981,025

558,335

300,841

24,618

40,160

4,399

236

224,412 224,274 138

Cash ite m s in process o f c o lle c tio n ......... .............. 22,950,522, 27,558 2,945 63,638 53,378 10,260

Securities—total........................................................................ 113,283,341 110,084,808 3,198,533

2,222,880

102,004,922 100,959,700 861,826 183,396 11,278,419 9,125,108 2,153,311

U. S. G ov’t, o b lig a tio n s (incl. g u a ra n te e d )........................ 68,921,384 66,698,504 63,133,110 62,588,052 475,673 69,385 5,788,274 4,110,452 1,677,822

O bligations o f S tates and s u b d iv is io n s ..............................

S e curities o f Federal agencies a n d c o rp o ra tio n s (n o t

33,985,319 33,711,653 273,666 33,594,205 33,343,807 204,583 45,815 391,114 367,846 23,268

g u a ra n te e d by U. S .)............................................................... 4,239,188 4,195,363 43,825 3,488,868 3,446,144 38,463 4,261 750,320 749,219 1,101

O ther bonds, notes, and d e b e n tu re s ................................... 3,990,325 3,667,522 322,803 899,968 762,790 125,786 11,392 3,090,357 2,904,732 185,625

C o rpo rate s to c k s ........................................................................... 2,147,125 1,811,766 335,359 888,771 818,907 17,321 52,543 1,258,354 992,859 265,495

Loans and discounts, net—total........................................... 217,657,808 211,329,246 6,328,562 176,572,772 175,096,194 1,440,899 35,679 41,085,036 36,233,052 4,851,984

V aluation re s e rv e s ........................................................................... 3,787,959 3,762,450 25,509 3,564,019 3,552,676 11,144 199 223,940 209,774 14,166

Loans and discounts, gross—total 221,445,767 215,091,696 6,354,071 180,136,791 178,648,870 1,452,043 35,878 41,308,976 36,442,826 4,866,1£0

Real e sta te loans— to ta l............................................................. 84,532,443 79,556,374 4,976,069 43,976,082 43,733,086 230,297 12,699 40,556,361 35,823,288 4,733,073

Secured by farm land..............................................................

Secured by residential properties:

2 ,6 9 1 ,2 1 8 2 ,6 6 5 ,2 3 3 2 5 ,9 8 5 2 ,6 3 8 ,0 3 1 2 ,6 1 6 ,6 0 4 2 0 ,5 2 3 904 5 3 ,1 8 7 4 8 ,6 2 9 4 ,5 5 8

Insured by F H A ................................................................. 1 9 ,6 0 1 ,4 5 6 1 8 ,7 7 1 ,3 2 4 8 3 0 ,1 3 2 7 ,3 1 4 ,5 9 0 7 ,2 4 3 ,4 9 7 6 8 ,2 0 8 2 ,8 8 5 1 2 ,2 8 6 ,8 6 6 1 1 ,5 2 7 ,8 2 7 7 59 ,0 3 9

Insured or guaranteed by V A................................................ 1 3,8 6 2 ,9 5 1 1 2 ,8 1 3 ,7 4 2 1 ,0 4 9 ,2 0 9 2 ,7 4 1 ,8 5 2 2 ,6 8 4 ,4 6 8 5 7 ,3 2 9 55 1 1 ,1 2 1 ,0 9 9 1 0 ,1 2 9 ,2 7 4 9 91 ,8 2 5

Not insured or guaranteed by FHA or V A.............................. 3 1 ,9 5 5 ,2 0 5 2 9 ,5 5 0 ,6 9 1 2 ,4 0 4 ,5 1 4 1 8 ,8 7 5 ,7 1 6 1 8 ,8 1 0 ,7 9 8 5 9 ,1 7 0 5 ,7 4 8 1 3 ,0 7 9 ,4 8 9 1 0 ,7 3 9 ,8 9 3 2 ,3 3 9 ,5 9 6

Secured by other properties.......................................................

Loans to co m m e rcia l and fo re ig n ban ks. ..............

1 6 ,4 2 1 ,6 1 3

3,509,569

10,959,478

1 5 ,7 5 5 ,3 8 4

3,437,217

10,858,968

6 6 6 ,2 2 9

72,352

1 2 ,4 0 5 ,8 9 3

3,493,341

10,950,005

1 2 ,3 7 7 ,7 1 9

3,420,989

10,849,646

2 5 ,0 6 7

72 352

3 ,1 0 7 4 ,0 1 5 ,7 2 0

16,228

9,473

3 ,3 7 7 ,6 6 5

16,228

9,322

6 38 ,0 5 5

Loans to o th e i ■ m cia l in s titu tio n s .................................... 100,510 100,237 122 151

Loans to broko ; ‘d dea lers in s e c u ritie s ....................... 5,567,471 5,381,309 186,162 5,541,687 5,355,550 175,648 10,489 25,784 25,759 25

O ther loans fo i 1 'ty in g s e c u ritie s .......................................

Loans to fa rm e rs d ire c tly g u a ra n te e d by th e C o m ­

m o d ity C re d it C o rp o ra tio n ............... ............

2,850,998

516,838

7,005,642

60,776,296

2,799,024

513,580

6,984,795

60,197,360

51,974

3,258

20,847

578,936

2,845,094

516,838

7,003,490

60,612,317

2,794,217

513,580

6,982,643

60,040,383

46,193

3,227

20,374

569,370

4,684

31

5,904 4,807 1,097

O ther loans to fa rm e rs (excl. real e s t a t e ) ....................... 473 2,152

163,979

2,152

.......................................... 2,564 156,977C o m m ercial and in d u s tria l lo a n s 7,002

O ther loans to in d iv id u a ls ......................................................... 40,521,291 40,205,923 315,368 40,011,207 39,814,778 194,034 2,395 510,084 391,145 118,939

All o th e r loan s (in c lu d in g o v e rd ra fts ).................................. 5,205,741 5,157,146 48,595 5,186,730 5,143,998 40,311 2,421 19,011 13,148 5,863

Miscellaneous assets—to tal.................................................. 10,088,175 9,834,280 253,895 9,215,556 9,041,395 143,820 30,341 872,619 792,885 79,734

B ank prem ises, fu rn itu re and fix tu re s , and real e s ta te . 5,191,748 5,096,486 95,262 4,793,519 4,753,588 23,479 16,452 398,229 342,898 55,331

All o th e r m iscellane ous a s s e ts ............................................... 4,896,427 4,737,794 158,633 4,422,037 4,287,807 120,341 13,889 474,390 449,987 24,403

174 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
B u siness and p e rso n a l d e p o s its — t o ta l..............................

In d ivid u a ls, p a rtn e rs h ip s , and c o p o ra tio n s— d em and 

In d ivid u a ls, p a rtn e rs h ip s , and co rp o ra tio n s — tim e . ..

Savings deposits...................................................................

Deposits accumulated for payment of personal loans...................

Other deposits of individuals, partnerships, and coporations........

C e rtifie d a nd o ffic e rs ’ checks, le tte rs o f c re d it, and 

tra v e le rs ’ checks, e tc ...........................................................

G o ve rn m e n t d e p o s its — t o ta l....................................................

U nited S tates G o ve rn m e n t— d e m a n d ..............................

U nited S tates G o ve rn m e n t— tim e ......................................

States and su b d ivisio n s— d e m a n d ....................................

States and su b d iv is io n s — tim e ............................................

D o m estic in te rb a n k and p o sta l sa vin g s d e p o sits— to ta l

C o m m ercial banks in th e U. S.— dem and . ....................

C o m m ercial ban ks in th e U. S.— tim e ..............................

M utual savings banks in th e U. S.— d e m a n d ................

M u tu a l savings ban ks in th e U. S.— tim e ........................

Postal s a v in g s .............................................................................

F oreign g o v e rn m e n t and b a n k d e p o s its — to ta l

Foreign g o ve rn m e n ts, ce n tra l ban ks, etc.— d em and .

Foreign g o ve rn m e n ts, c e n tra l banks, etc.— tim e ........

B anks in fo re ig n co u n trie s — d e m a n d ...............................

Banks in fo re ig n c o u n trie s — tim e ......................................

T o ta l d e p o s its .........................................................................

Demand..........................................................................

Time..............................................................................

M iscellane ous lia b ilitie s — t o ta l..............................................

R e discounts and o th e r borrow ed m o n e y ........................

All o th e r m isce lla n e o u s lia b ilitie s .......................................

T otal lia b ilitie s (e x c lu d in g c a p ita l a c c o u n ts )...........

C a p ita l a cco u n ts— t o ta l...............................................................

P referred c a p ita l........................................................................

C om m on s to c k ............................................................................

S u rp lu s ...........................................................................................

U n divided p ro fits and re s e rv e s ..........................................

N u m b e r of b a n k s 3............................................................................

Total liabilities and capital accounts.................................. 402,673,308

303,616,424

135,555,827

162,054,439

182 ,0 2 1,34 1

9 59 ,2 8 6

2 9 ,0 7 3 ,8 1 2

6,006,158

30,318,309

6,540,336

274,152

13,616,218

9,887,603

16,981,852

15,548,318

393,380

844,434

176,186

19,534

6,648,902

857,395

3,950,936

1,569,401

271,170

357,565,487

1 8 0 ,5 3 8 ,0 8 7

1 7 7 ,0 2 7 ,4 0 0

12,812,387

2,710,521

10 ,101,866

370,377,874

32,295,434

897,362

8,015,677

16,097,251

7,285,144

392,174,389

295,697,698

134,613,437

155,194,386

1 2 5 ,3 4 1 ,3 4 2

9 5 7 ,2 1 0

2 8 ,8 9 5 ,8 3 4

5,889,875

30,103,156

6,507,450

270,984

13,499,246

9,825,476

16,756,448

15,492,886

384,815

740,382

118,835

19,530

6,424,074

826,137

3,893,693

1,454,685

249,559

348,981,376

1 7 9 ,0 2 4 ,0 9 8

1 6 9 ,9 5 7 ,2 7 8

12,024,063

2,611,535

9,412,528

361,005,439

31,168,950

853,078

7,886,432

15,552,060

6,877,380

10,498,919

7,918,726

942,390

6,860,053

6 ,6 7 9 ,9 9 9

2 ,0 7 6

1 7 7 ,9 7 8

116,283

215,153

32,886

3,168

116,972

62,127

225,404

55,432

8,565

104,052

57,351

4

224,828

31,258

57,243

114,716

21,611

8,584,111

1 ,5 1 3 ,9 8 9

7 ,0 7 0 ,1 2 2

788,324

98,986

689,338

9,372,435

1,126,484

44,284

129,245

545,191

407,764

348,433,496

254,515,874

135,237,520

113,284,098

8 3 ,2 7 1 ,7 0 4

9 5 7 ,8 5 2

2 9 ,0 5 4 ,5 4 2

5,994,256

30,282,284

6,533,274

274,000

13,614,634

9,860,376

16,979,892

15,548,230

391,508

844,434

176,186

19,534

6,648,902

857,395

3,950,936

1,569,401

271,170

308,426,952

1 8 0 ,1 9 9 ,1 4 4

1 2 8 ,2 2 7 ,8 0 8

12,111,921

2,690,019

9,421,902

320,538,873

27,894,623

896,688

8,015,677

13,062,780

5,919,478

345,130,205

252,983,403

134,300,734

112,804,696

8 2 ,9 6 6 ,9 7 1

9 5 6 ,4 1 0

2 8 ,8 8 1 ,3 1 5

5,877,973

30,068,312

6,500,876

270,832

13,497,662

9,798,942

16,754,488

15,492,798

382,943

740,382

118,835

19,530

6,424,074

826,137

3,893,693

1,454,685

249,559

306,230,277

1 7 8 ,6 9 1 ,2 4 7

1 2 7 ,5 3 9 ,0 3 0

11,461,821

2,591,133

8,870,688

317,692,098

27,438,107

852,404

7,886,432

12,893,189

5,806,082

3,016,367 286,924 54,239,812

1,418,604

853,783

448,545

2 8 9 ,4 7 8

1 ,4 4 2

1 5 7 ,6 2 5

116,276

211,571

29,997

3,168

116,972

61,434

225,304

55,332

8,565

104,052

57,351

4

224,741

31,207

57,243

114,715

21,576

2,080,220

1 ,4 2 2 ,3 3 4

6 5 7 ,8 8 6

627,150

96,415

530,735

2,707,370

308,997

44,084

86,955

100,259

77,699

113,867

83,003

30,857

15 ,2 5 5

1 5 ,6 0 2

1

2.401

2.401

100

100

116,455

8 5 ,5 6 3

3 0 ,8 9 2

22,950

2,471

20,479

139,405

147,519

200

42,290

69,332

35,697

49,100,550

318,307

48,770,341

4 8 ,7 4 9 ,6 3 7

1 ,4 3 4

1 9 ,2 7 0

11,902

36,025

7,062

152

1,584

27,227

1,960

88

1,872

49,138,535

3 3 8 ,9 4 3

4 8 ,7 9 9 ,5 9 2

700,466

20,502

679,964

49,839,001

4,400,811

674

3,034,471

1,365,666

47,044,184 7,195,

42,714,295

312,703

42,389,690

4 2 ,3 7 4 ,3 7 1

800

1 4,5 1 9

11,902

34,844

6,574

152

1,584

26,534

1,960

88

1,872

42,751,099

332,851

4 2 ,4 1 8 ,2 4 8

562,242

20,402

541,840

43,313,341

3,730,843

674

2,658,871

1,071,298

6,386,255

5,604

6,380,651

6 ,3 7 5 ,2 6 6

634

4,751

1,181

693

6,387,436

6 ,0 9 2

6 ,3 8 1 ,3 4 4

138,224

100

138,124

6,525,660

375,600

294,368

14,281 13,820 461 13,775 13,493 235 47 506 327 179

1 Includes asset and liability figures for 16 branches of foreign banks (tabulated as banks) licensed to do a deposit business in the State of New York. Data for these offices, which on December 31,1964 had assets 

of $900,000,000 and deposits of $512,000,000, were not available for previous tabulations. Capital is not allocated to these branches by the parent banks.

2 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

3 Includes 4 noninsured banks of deposit for which asset and liability data are not available.

Back figures, 1934-1963: See the preceding table and the Annual Report for 1963, pp. 132-133, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 175

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 106. ASSETS AND LIABILITIES OF ALL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1964

BANKS GROUPED BY DISTRICT AN D STATE 

(Am ounts in thousands of dollars)

FDIC D istrict and State

N u m ­

ber of 

b a n k s 1

Assets

Total

Liabilities and capital accou nts

Cash and 

due fro m 

banks

U. S. Gove rn m e n t 

obligations

O ther

securities

Loans, discounts, 

and overd ra fts

M iscellaneous

assets

Business 

and p e rsonal 2

D eposits

G overnm e n t5

Foreign 

g o v’t and 

in te rb a n k 4

M iscellaneous lia b ilities

Total

capital

accounts

Total United States............. 14,281 61,643,984 68,921,384 44,361,957 217,657,808 10,088,175 402,673,308 303,616,424 30,318,309 23,630,754 12,812,387 32,295,434

50 States and D. C .............. 14,265 61,490,587 68,774,174 44,285,748 216,654,160 9,927,879 401,132,548 302,575,635 30,123,819 23,584,695 12,654,910 32,193,489

Other areas........................... 16 153,397 147,210 76,209 1,003,648 160,296 1,540,760 1,040,789 194,490 46,059 157,477 101,945

FDIC District

D is tric t 1 .................................... 730 2,704,215 5,065,004 2,801,909 18,876,151 518,261 29,965,540 24,382,353 1,290,403 737,452 895,476 2,659,856

D istrict 2 5................................. 773 16,373,340 13,805,283 13,423,138 70,117,477 3,889,385 117,608,623 86,464,977 5,777,070 9,871,152 6,098,734 9,396,690

D istrict 3 .................................... 1,147 5,808,907 7,302,305 5,590,753 20,897,801 676,909 40,276,675 31,760,738 2,720,727 1,366,438 1,003,978 3,424,794

D istrict 4 .................................... 888 3,279,257 4,011,687 1,998,808, 10,207,228 437,200 19,934,180 15,210,528 1,709,704 868,107 507,230 1,638,611

D is tric t 5 ................................... 1,303 3,337,720 3,749,683 1,833,708 8,025,392 431,126 17,377,629 12,516,009 2,012,984 1,059,947 339,717 1,448,972

D is tric t 6 .................................... 1,530 3,936,983 4,035,093 2,215,811 9,245,679 300,198 19,733,764 14,364,104 1,713,370 1,741,478 314,447 1,600,365

D is tric t 7 .................................... 1,378 4,115,785 6,698,025 2,989,751 13,234,994 486,709 27,525,264 21,601,558 2,606,967 775,100 582,619 1,959,020

D is tric t 8 .................................... 1,705 4,793,506 6,882,659 3,866,758 14,710,834 623,358 30,877,115 23,443,144 2,257,860 2,107,809 647,056 2,421,246

D istrict 9 .................................... 1,186 1,517,681 2,279,854 1,194,302 4,802,777 196,210 9,990,824 7,667,307 902,565 494,602 146,873 779,477

D istrict 1 0 ................................. 1,757 2,548,289 2,939,642 1,294,972 6,459,925 233,553 13,476,381 9,813,182 1,505,236 761,650 199,257 1,197,056

D istrict 1 1 ................................. 1,418 5,510,108 4,527,595 2,591,854 12,754,137 705,667 26,089,361 18,461,991 2,845,346 2,178,955 523,169 2,079,900

D istrict 1 2 6............................... 466 7,718,193 7,624,554 4,560,193 28,325,413 1,589,599 49,817,952 37,930,533 4,976,077 1,668,064 1,553,831 3,689,447

State

A la b a m a .................................... 252 548,599 690,290 398,255 1,462,156 56,824 3,156,124 2,384,606 341,667 116,945 46,323 266,583

A la s k a ......................................... 13 54,272 86,620 33,889 161,272 11,598 347,651 233,027 88,383 2,982 4,092 19,167

A riz o n a ....................................... 16 313,229 255,179 188,953 1,372,619 84,176 2,214,156 1,707,771 239,838 32,088 55,099 179,360

A rk a n s a s ................................... 245 434,409 350,152 281,043 963,724 31,424 2,060,752 1,584,529 177,262 116,815 17,988 164,158

C a lifo rn ia ................................... 200 5,853,354 5,554,750 3,447,792 21,685,037 1,195,176 37,736,109 28,641,230 3,604,420 1,419,810 1,299,582 2,771,067

C o lo ra d o.................................... 246 543,904 581,012 216,548 1,629,203 74,067 3,044,734 2,317,774 254,426 148,584 68,233 255,717

C o n n e c tic u t.............................. 137 680,052 840,573 976,186 4,794,608 113,309 7,404,728 6,226,782 321,503 66,145 170,514 619,784

D e law are................................... 22 200,861 247,861 172,550 576,607 23,754 1,221,633 946,012 116,071 13,278 28,605 117,667

D istrict o f C o lu m b ia ............. 15 423,069 539,214 111,105 1,195,434 40,985 2,309,807 1,904,593 53,912 131,329 52,932 167,041

F lo rid a ........................................ 424 1,486,685 1,864,334 740,874 3,273,531 225,575 7,590,999 5,414,635 916,320 494,361 152,573 613,110

G e o rg ia...................................... 431 930,700 807,715 377,512 2,345,130 104,189 4,565,246 3,208,626 517,584 318,639 105,804 414,593

H a w a ii......................................... 12 139,555 164,607 93,796 595,581 55,544 1,049,083 704,120 176,091 28,720 32,752 107,400

Id a h o .......................................... 24 133,378 180,656 80,810 489,990 21,429 906,263 712,126 112,587 3,855 15,024 62,671

Illin o is ......................................... 1,030 4,046,416 5,752,504 3,398,883 12,586,715 571,242 26,355,760 19,856,538 1,932,249 1,916,807 620,630 2,029,536

In d ia n a ....................................... 435 1,182,868 1,934,818 610,450 3,160,736 109,308 6,998,180 5,329,911 750,558 205,979 183,271 528,461

Io w a ............................................. 675 747,090 1,130,155 467,875 2,124,119 52,116 4,521,355 3,586,606 325,611 191,002 26,426 391,710

K a n s a s ....................................... 594 561,104 883,354 444,236 1,564,887 41,481 3,495,062 2,435,161 584,874 135,806 26,498 312,723

K e n tu c k y ...................................

L o u isia n a ..................................

348 760,885 832,863 313,909 1,579,292 48,688 3,535,637 2,640,107 291,918 271,036 35,752 296,824

209 923,252 978,103 459,152 1,900,937 70,288 4,331,732 2,934,669 619,033 367,218 69,224 341,588

M a in e .......................................... 78 139,353 278,967 183,806 921,488 26,785 1,550,399 1,290,642 67,626 15,671 30,591 145,869

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
M a ry la n d ................................... 127 621,653 909,362 465,310 2,389,056

M a s s a c h u s e tts ........................ 338 1,556,864 3,365,216 1,104,314 10,283,265

M ic h ig a n .................................... 361 1,882,826 3,133,463 1,726,363 6,948,343

M in n e s o ta ................................. 721 1,090,750 1,417,317 784,704 3,253,787

M is s is s ip p i................................ 196 371,736 387,344 317,067 944,575

M is s o u ri..................................... 643 1,722,282 1,883,422 1,047,665 4,129,819

M o n ta n a ..................................... 129 164,890 268,563 121,885 562,727

N e b ra s k a ................................... 432 478,218 521,476 234,977 1,169,457

N e va d a ....................................... 8 96,972 133,233 57,679 411,854

New H a m p s h ire ...................... 105 98,799 224,761 119,128 1,028,389

New J e rs e y ............................... 257 1,391,195 2,177,668 1,892,608 6,866,766

New M e xico .............................. 63 162,569 223,427 80,229 516,136

New Y o rk 7................................. 479 14,637,710 11,233,510 11,281,771 61,702,408

N orth C a ro lin a ......................... 152 875,570 729,190 546,308 2,374,429

N orth D a k o ta ........................... 163 118,395 288,646 190,416 468,077

O h io ............................................. 549 2,523,020 3,359,875 1,748,817 8,116,821

O k la h o m a .................................. 417 854,904 802,665 359,249 1,812,960

O re g o n ........................................ 52 484,801 520,741 302,402 1,630,518

P e n n s y lv a n ia ........................... 598 3,285,887 3,942,430 3,841,936 12,780,980

Rhode Is la n d ........................... 17 167,132 238,112 363,411 1,329,353

South C a ro lin a ........................ 133 280,108 307,179 175,724 713,257

S outh D a k o ta ........................... 173 143,646 305,328 97,297 518,186

T e n n e s s e e ................................ 294 1,019,407 968,656 573,194 2,572,844

T e x a s ........................................... 1,130 4,111,058 3,070,886 1,863,520 8,964,445

U ta h ............................................. 55 259,733 196,810 127,938 801,024

V e rm o n t..................................... 55 62,015 117,375 55,064 519,048

V irg in ia ....................................... 277 785,605 955,912 535,385 2,736,841

W a sh in g to n.............................. 101 686,305 786,171 415,887 2,518,185

W est V irg in ia ............................ 184 293,252 570,830 164,976 798,211

W isco n sin .................................. 582 1,050,091 1,629,744 652,938 3,125,915

W y o m in g .................................... 68 110,159 151,135 39,962 283,418

O ther area

Pacific Is la n d s 8....................... 1 8,736 966 29,003

Panam a Canal Z o n e 9........... 1,087 2 949

Puerto R ic o 10...........................

V irgin Is la n d s 11.......................

11

4

138,088

5,486

141,470

4,774

75,406

803

926*914

44,782

1 Includes 4 noninsured banks of deposit (2 in Iowa and 2 in Texas) for which data are not available.

2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ check

3 Deposits of the United States Government and of States and subdivisions.

4 Includes postal savings deposits.

5 Includes Puerto Rico and the Virgin Islands.

6 Includes Alaska, Hawaii, Pacific Islands, and the Panal Canal Zone.

7 Includes asset and liability data for 5 insured branches operated by 2 insured banks in Puerto Rico. S

8 In United States possessions (American Samoa, Guam, Midway Islands, and Wake Island) and Trust T 

data for 1 noninsured bank in American Samoa and 5 branches of an insured bank in California, 1 noninsured 

insured on Saipan). Also, 7 branches of an insured bank in Hawaii, consisting of 1 insured branch on Guam 

in Marshall Islands, Kwajalein Atoll; 1 in Midway Islands, Sand Island; and 1 on Wake Island.

9 Consists of asset and liability data for 2 noninsured branches operated by 2 insured banks in New Yo

10 Includes asset and liability data for 15 insured branches operated by 2 insured banks in New York.

11 Includes asset and liability data for 4 insured branches operated by an insured bank in New York. 

Note: Data for the above branches are not included in the figures for the States in which the parent bar 

Back figures, 1945-1963: See the Annual Report for 1963, pp. 134-135, and earlier reports.

119,115

313,840

256,310

130,371

44,538

4,504,496

16,623,499

13,947,305

6,676,929

2,065,260

3,579,339

13,191,746

10,944,020

5,116,163

1,508,142

351,501

703,805

1,415,168

513,547

237,413

124,406

622,731

330,981

429,211

130,002

80,663

574,633

310,190

99,478

35,017

368,587

1,530,584

946,946

518,530

154,686

131,883

24,281

35,586

25,620

23,233

8,915,071

1,142,346

2,439,714

725,358

1,494,310

6,399,032

890,252

1,782,547

555,112

1,239,614

762,414

115,499

190,139

96,671

58,406

849,148

32,943

209,107

4,064

13,848

148,797

21,684

42,629

14,265

38,715

755,680

81,968

215,292

55,246

143,727

224,552

21,556

3,513,211

111,626

21,818

12,552,789

1,003,917

102,368,610

4,637,123

1,087,352

10,389,677

733,610

74,131,949

3,244,337

815,870

820,739

161,319

4,673,983

511,596

148,244

123,485

22,858

9,688,818

323,250

16,294

295,668

12,355

5,618,905

186,135

12,458

923,220

73,775

8,254,955

371,805

94,486

254,459

69,244

102,050

422,450

28,974

16,002,992

3,899,022

3,040,512

24,273,683

2,126,982

12,622,165

2,841,858

2,341,032

19,138,573

1,779,891

1,274,960

388,117

372,576

1,445,767

104,221

447,809

251,374

43,291

918,629

16,559

339,024

55,108

69,862

664,954

67,171

1,319,034

362,565

213,751

2,105,760

159,140

31,725

19,740

88,203

529,647

25,303

1,507,993

1,084,197

5,222,304

18,539,556

1,410,808

1,111,290

845,022

3,740,436

13,085,941

1,044,205

186,067

125,275

481,776

1,825,156

183,744

38,653

16,154

504,479

1,756,791

52,411

40,015

13,253

111,910

386,491

24,388

131,968

84,493

383,703

1,485,177

106,060

12,120

100,047

120,451

33,702

121,091

13,175

765,622

5,113,790

4,526,999

1,860,971

6,579,779

597,849

653,678

3,936,039

3,656,231

1,434,930

5,327,627

435,842

34,842

443,225

313,392

163,403

441,241

87,680

2,498

202,017

112,443

48,452

238,140

16,779

13,852

117,030

91,945

30,455

89,158

6,789

60,752

415,479

352,988

183,731

483,613

50,759

9,747

22,681

48,452

26,717

29,369

14,081

15,776

12,437

313

175

1,897

24

1,097

115,763

12,105

1,397,641

67,950

952,997

44,342

148,305

17,972

45,209

362

152,517

3,039

98,613

2,235

;, letters of credit, etc.

3 also Table 105, footnote 1.

ritories (Kwajalein, Palau Islands, Ponape Island, Saipan, and Truk Atoll). Consists of asset and liability 

Caroline Islands, Truk Atoll ’(Moen Island) and 4 in the Mariana Islands (3 insured on Guam and 1 nonid 6 noninsured branches: 2 in Caroline Islands, Palau Islands (Koror)and Ponape Island (Kolonia); 2

are located.

ASSETS AND LIABILITIES OF BANKS 177

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 107. ASSETS AND LIABILITIES OF ALL INSURED BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

JUNE AND DECEMBER CALL DATES, 1961 THROUGH 1964

(Amounts in thousands of dollars)

June 30, 

1961

Dec. 30, 

1961

June 30, 

1962

Dec. 28, 

1962

June 29, 

1963

Dec. 20, 

1963

June 30, 

1 964

Dec. 31, 

1964

288,705,613 314,438,740 313,495,544 335,934,112 340,388,582 354,809,831 366,105,553 392,174,389

46,152,653

3,004,061

16,488,024

11,332,602

250,433

144,889

14,932,644

57,009,666

3,819,191

16,918,416

14,306,711

248,350

249,421

21,467,577

49,281,330

3,295,166

16,839,174

11,850,224

312,949

178,081

16,805,736

54,582,416

4,382,304

17,679,794

13,021,881

416,948

237,431

18,844,058

51,665,841

3,596,056

16,529,350

12,321,213

575,162

245,254

18,398,806

51,166,975

4,157,140

17,149,613

12,086,463

508,860

298,992

16,965,907

53,768,750

4,671,492

16,773,717

12,464,351

612,791

365,678

18,880,721

60,926,055

4,690,732

17,580,743

14,567,230

782,609

300,841

23,003,900

66,091,244

7,453,153

3,369,968

5,467,315

15,728,308

756,811

6,632,888

13,542,866

9,724,474

3,218,798

196,663

70,780,767

11,515,532

2,142,610

8,418,081

18,630,152

601,522

2,465,962

16,098,292

7,143,149

3,550,078

215,389

68,688,732

8,440,540

3,657,486

11,467,088

15,362,125

569,852

1,058,937

14,401,180

10,072,252

3,424,328

234,944

70,605,519

11,791,016

3,996,330

5,322,085

19,150,662

449,760

2,285,148

11,648,541

13,598,734

2,123,031

240,212

67,667,433

9,308,207

3,255,341

4.627.951 

19,844,588

421,017

1,508,840

10,068,307

15,957,065

2.469.952 

206,165

67,135,755

11;208,197 

1,670,638 

6,138,257 

16,757,376 

393,648 

1,155,685 

13,468,861 

13,667,498 

2,433,898 

241,697

63,269,961

9,202,774

32,445

6,552,501

17,064,558

368,416

1,873,321

12,795,720

12,710,246

2,364,612

305,368

66,698,504

13,533,705

7,225,361

12,152,456

339,889

1,915,555

15,616,677

13,588,921

2,019,222

306,718

26,950,629

19,125,026

2,255,285

4,331,164

426,270

812,884

28,728,617

20,732,516

2,617,755

4,079,476

444,213

854,657

31,778,264

23,458,724

2,910,983

4,013,148

457,069

938,340

34,126,296

25,076,053

3,486,442

4,064,339

465,705

1,033,757

37,145,497

28,037,856

3,597,544

3,909,101

481,062

1,119,934

39,700,867

30,022,176

4,215,668

3,787,856

491,175

1,183,992

41,120,989

31,615,328

3,813,096

3,909,572

| 1,782,993

43,386,304

33,711,653

4,195,363

3,667,522

1,811,766

93,041,873 99,509,384 100,466,996 104,731,815 104,812,930 106,836,622 104,390,950 110,084,808

A ssets

Total assets.

Cash, balances with other banks, and cash collection items—total......

C u rrency and c o in .....................................................................................................

Reserve w ith Federal Reserve ban ks (m e m b e r b a n k s )...........................

D em and balances w ith banks in th e U n ite d S tates (except private

banks and A m e rica n branche s o f fo re ig n b a n k s ).................................

O th e r balances w ith ban ks in th e U n ite d S ta te s ........................................

Balances w ith ban ks in fo re ig n c o u n trie s ......................................................

Cash ite m s in process o f c o lle c tio n .................................................................

Obligations of the U. S. Government, direct and guaranteed—total

D irect:

T re a su ry b ills ...........................................................................................................

T re a su ry c e rtific a te s o f in d e b te d n e s s ..........................................................

T reasury notes m a tu rin g in 1 ye a r o r le s s ................................................

T re a su ry n o te s m a tu rin g a fte r 1 y e a r.........................................................

U n ited S tates n o n -m a rk e ta b le b o n d s ..........................................................

O th e r b on ds m a tu rin g in 1 ye a r o r le s s ......................................................

O th e r b on ds m a tu rin g in 1 to 5 y e a rs .........................................................

O ther bon ds m a tu rin g in 5 to 1 0 .y e a rs ......................................................

O th e r bon ds m a tu rin g a fte r 10 y e a rs ..........................................................

G uarante ed o b lig a tio n s ...........................................................................................

Other securities—total......................................................................................

O bligations o f S tates a nd s u b d iv is io n s .........................................................

S e curities o f Federal agencies and c o rp o ra tio n s (n o t gua ran teed

by U. S .)..............................................................................................................

O th e r bonds, notes, and d e b e n tu re s .............................................................

Federal Reserve ban k s to c k ...............................................................................

O th e r corp o ra te s to c k s .........................................................................................

Total securities

178 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Loans and discounts, net—total..................................................................... 142,624,229 150,619,460 156,309,473 168,801,321 175,498,110 188,232,982 198,530,566 211,329,246

V aluation re s e rv e s ........................................................................................................ 2,629,325 2,826,177 2,878,319 2,909,688 3,226,382 3,213,551 3,461,096 3,762,450

Loans and discounts, gross—total................................................................. 145,253,554 153,445,637 159,187,792 171,711,009 178,724,492 191,446,533 201,991,662 215,091,696

Real estate loans— to ta l.......................................................................................... 53,929,237 55,970,118 59,043,989 62,750,776 67,032,568 70,980,241 75,153,728 79,556,374

Secured by farm land....................................................................................... 1 ,7 4 4 ,7 5 2 1 ,7 7 6 ,8 1 1 1 ,9 5 5 ,8 7 0 2 ,0 4 8 ,9 4 3 2 ,2 6 6 ,2 3 6 2 ,3 5 0 ,0 9 9 2 ,5 8 3 ,2 3 1 2 ,6 6 5 ,2 3 3

Secured by residential properties:

Insured by F H A ......................................................................................... 1 3 ,0 1 3 ,0 3 3 1 3 ,5 3 2 ,5 2 6 1 4 ,3 2 8 ,9 0 7 1 5 ,1 7 6 ,7 3 9 1 6 ,2 5 5 ,5 1 6 1 7 ,0 1 6 ,7 4 8 1 7 ,7 8 0 ,2 0 8 1 8 ,7 7 1 ,3 2 4

Insured or guaranteed by V A........................................................................ 1 1 ,0 3 7 ,1 2 9 1 0 ,9 9 1 ,5 4 7 1 1 ,1 5 1 ,0 6 8 1 1 ,4 7 2 ,0 4 2 1 2 ,0 5 4 ,8 9 6 1 2 ,3 1 7 ,8 2 5 1 2 ,5 9 8 ,9 8 4 1 2 ,8 1 3 ,7 4 2

Not insured or guaranteed by FHA or V A....................................................... 1 8 ,7 9 6 ,7 1 0 1 9 ,8 5 8 ,5 2 1 2 0 ,8 6 2 ,4 9 5 2 2 ,4 7 1 ,2 0 2 2 3 ,9 3 0 ,9 4 6 2 5 ,7 6 7 ,5 5 2 2 7 ,6 9 3 ,1 8 2 2 9 ,5 5 0 ,6 9 1

Secured by other properties................................................................................ 9 ,3 3 7 ,6 1 3 9 ,8 1 0 ,7 1 3 1 0 ,7 4 5 ,6 4 9 1 1 ,5 8 1 ,8 5 0 1 2 ,5 2 4 ,9 7 4 1 3 ,5 2 8 ,0 1 7 1 4 ,4 9 8 ,1 2 3 1 5 ,7 5 5 ,3 8 4

Loans to d o m e stic co m m e rcia l and fore ign b a n k s .................................... 1,010,420 1,039,297 1,476,902 2,560,370 1,915,015 3,610,250 2,859,830 3,437,217

Loans to o th e r fin a n cia l in s titu tio n s ................................................................. 6,002,658 7,313,493 7,232,209 8,473,355 8,646,348 9,448,495 10,443,943 10,858,968

Loans to b ro ke rs and dea lers in s e c u ritie s ................................................... 2,918,638 4,046,266 3,242,678 5,177,925 4,629,754 5,349,920 5,504,905 5,381,309

O ther loans fo r p u rch a sin g o r c a rryin g s e c u ritie s ...................................... 1,977,880 2,113,021 1,988,629 2,114,934 2,211,103 2,488,339 2,698,850 2,799,024

Loans to fa rm e rs d ire c tly gua ra n te e d by the C o m m odity C re d it Corporation ................................................................................................................. 573,996 927,685 870,226 1,111,661 799,576 816,838 366,380 513,580

O th e r loans to fa rm e rs (e xclu d in g loans on real e s ta te ).......................... 5,442,825 5,298,734 5,906,652 5,963,558 6,733,102 6,647,074 7,312,822 6,984,795

C o m m ercial and in d u s tria l loans (incl. open m a rke t p a p e r).................. 42,835,956 45,268,944 46,062,053 48,860,921 50,022,702 53,144,882 55,257,892 60,197,360

O ther loans to in d ivid u a ls fo r persona l e xpe nditure s— to ta l.................. 27,462,028 28,055,161 29,653,900 30,790,186 32,921,628 34,919,957 37,952,479 40,205,923

Passenger automobile instalment loans................................................................ 8 ,9 4 0 ,2 1 5 9 ,0 6 6 ,8 5 1 9 ,9 0 8 ,8 2 1 1 0 ,5 3 4 ,9 2 0 1 1 ,6 9 3 ,7 1 7 1 2 ,4 5 1 ,2 5 0 1 3 ,8 4 7 ,3 4 1 1 4 ,6 8 6 ,0 9 0

Other retail consumer instalment loans................................................................ 3 ,1 4 5 ,0 5 7 2 ,8 0 8 ,0 7 7 2 ,7 5 6 ,7 4 4 2 ,8 5 8 ,8 8 5 3 ,0 0 8 ,8 5 4 3 ,2 0 1 ,5 3 5 3 ,4 9 4 ,7 7 2 3 ,7 4 9 ,7 9 9

Residential repair and modernization instalment loans.......................................... 2 ,7 1 8 ,5 4 2 2 ,7 5 5 ,1 6 9 2 ,7 3 7 ,8 3 2 2 ,8 2 5 ,4 9 1 2 ,8 5 3 ,0 2 9 2 ,9 7 6 ,0 4 0 2 ,9 8 6 ,7 7 4 3 ,0 8 8 ,2 5 8

Other instalment loans for personal expenditures.................................................. 4 ,4 2 4 ,5 2 1 4 ,5 2 2 ,9 8 3 4 ,8 2 8 ,8 3 8 5 ,0 9 2 ,5 1 1 5 ,4 7 5 ,2 8 3 5 ,8 0 7 ,4 0 4 6 ,2 5 6 ,1 1 6 6 ,5 6 7 ,2 3 1

Single-payment loans for personal expenditures.................................................... 8 ,2 3 3 ,6 9 3 8 ,9 0 2 ,0 8 1 9 ,4 2 1 ,6 6 5 9 ,4 7 8 ,3 7 9 9 ,8 9 0 ,7 4 5 1 0 ,4 8 3 ,7 2 8 1 1 ,3 6 7 ,4 7 6 1 2 ,1 1 4 ,5 4 5

All o th e r loan s (in c lu d in g o v e rd ra fts )............................................................... 3,099,916 3,412,918 3,710,554 3,907,323 3,812,696 4,040,537 4,440,833 5,157,146

T otal loan s and s e c u ritie s ................................................................................. 235,666,102 250,128,844 256,776,469 273,533,136 280,311,040 295,069,604 302,921,516 321,414,054

Bank premises, furniture and fixtures, and other real estate—total .. 3,662,950 3,811,021 3,975,558 4,172,496 4,428,257 4,707,697 4,924,022 5,096,486

B ank p re m is e s ........................................................................................................... 2,495,042 2,607,260 2,714,370 2,852,967 3,122,721 3,343,007 ]

F u rn itu re and fix tu re s ............................................................................................. 732,940 741,278 778,152 819,099 838,200 892,555 I

Real e sta te ow ned o th e r th a n ban k p re m is e s ............................................. 103,130 113,989 123,522 126,659 128,093 112,159 \ 0) (:)

In ve stm e n ts and o th e r assets in d ire c tly re p re se n tin g bank p re m ­ I

ises o r o th e r real e s ta te ................................................................................ 331,838 348,494 359,514 373,771 339,243 359,976 )

Miscellaneous assets—total............................................................................. 3,223,908 3,489,209 3,462,187 3,646,064 3,983,444 3,865,555 4,491,265 4,737,794

C u s to m e rs ' lia b ility on a ccep tance s o u ts ta n d in g ........................................ 1,432,973 1,651,595 1,456,612 1,618,937 1,549,880 1,591,458 1,690,721 1,697,120

O th e r a s s e ts ................................................................................................................ 1,790,935 1,837,614 2,005,575 2,027,127 2,433,564 2,274,097 2,800,544 3,040,674

PERCENTAGES

To total assets:

Cash and balances w ith o th e r b a n k s ............................................................... 16.0% 18.1% 15.7% 16.2% 15.2% 14.4% 14.7% 15.5%

U. S. G o ve rn m e n t ob lig a tio n s, d ire c t and g u a ra n te e d ............................. 22.9 22.5 21.9 21.0 19.9 18.9 17.3 17.0

O th e r s e c u ritie s ......................................................................................................... 9.3 9.2 10.1 10.2 10.9 11.2 11.2 11.1

Loans a nd d is c o u n ts ............................................................................................... 49.4 47.9 49.9 50.3 51.5 53.1 54.2 53.9

O th e r a s s e ts ................................................................................................................ 2.4 2.3 2.4 2.3 2.5 2.4 2.6 2.5

Total ca p ita l a c c o u n ts ............................................................................................. 8.5 8.1 8.3 8.1 8.1 8.2 8.2 8.0

To total assets other than cash and U. S. Government obligations:

T otal ca p ita l a c c o u n ts ............................................................................................. 13.9 13.6 13.4 12.9 12.5 12.2 12.1 11.8

ASSETS AND LIABILITIES OF BANKS 179

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 107. ASSETS AND LIABILITIES OF ALL INSURED BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

JUNE AND DECEMBER CALL DATES, 1961 THROUGH 1964— CONTINUED

(Amounts in thousands of dollars)

L iab ilities and capital 

T o ta l lia b ilitie s and c a p ita l a c c o u n ts .......................................................................

B u sin e ss and p ersona l d e p o s its — t o ta l...............................................................

In d ivid u a ls, p a rtn e rsh ip s, and co rp o ra tio n s — d e m a n d ............................

In d ivid u a ls, p a rtn e rsh ip s, and c o rp o ra tio n s — tim e .....................................

Savings deposits..............................................................................................

Deposits accumulated for payment of personal loans..............................................

Other deposits of individuals, partnerships, and corporations...................................

C ertified and o ffic e rs ’ checks, le tte rs of cre d it, and tra ve le rs’ checks etc,

G overnm e nt d e p o sits— t o ta l.....................................................................................

U nited S tates G overnm e nt— d e m a n d ...............................................................

U nited States G overnm e nt— tim e .......................................................................

States and subd ivisions— d e m a n d .....................................................................

States and subd ivisions— tim e ..............................................................................

D o m estic in te rb a n k and po sta l savings d e p o s its — t o ta l.............................

C om m ercial banks in th e U. S.— d e m a n d .......................................................

C om m ercial banks in th e U. S.— tim e ...............................................................

M utual savings banks in th e U. S.— d e m a n d ................................................

M utual savings banks in th e U. S .— tim e ........................................................

Postal sa vin g s..............................................................................................................

Foreign g o ve rn m e n t and ba n k d e p o sits— t o ta l................................................

Foreign gove rnm ents, ce n tra l banks, e tc.— d e m a n d .................................

Foreign gove rnm ents, ce n tra l banks, etc.— tim e .........................................

Banks in fore ign co u n trie s— d e m a n d ................................................................

B anks in fore ign co u n trie s— tim e .......................................................................

T otal d e p o s its ..........................................................................................................

Demand......................................................................................................

Time..........................................................................................................

June 30, 

1961

Dec. 30, 

1961

June 30, 

1962

Dec. 28, 

1962

June 29, 

1963

Dec. 20, 

1963

June 30, 

1964

Dec. 31, 

1964

288,705,613 314,438,740 313,495,544 335,934,112 340,388,582 354,809,831 366,105,553 392,174,389

216,779,674

108,738,879

104,296,059

9 3 ,3 7 9 ,5 8 2

773 ,8 5 2

1 0 ,1 4 2 ,6 2 5

3,744,736

236,462,979

123,736,675

107,682,172

9 6 ,9 9 6 ,5 2 9

7 72 ,1 5 0

9 ,9 1 3 ,4 9 3

5,044,132

233,748,980

111,730,739

117,596,062

1 0 1 ,6 4 8 ,5 5 7

7 6 5 ,9 3 3

1 5 ,1 8 1 ,5 7 2

4,422,179

252,498,086

123,554,500

124,486,860

1 0 6 ,8 4 1 ,3 7 7

784,531

1 6 ,8 6 0 ,9 5 2

4,456,726

253,187,093

116,024,030

132,715,299

1 1 1 ,6 2 1 ,5 0 6

790 ,3 8 0

2 0 ,3 0 3 ,4 1 3

4,447,764

266,669,373

123,842,677

138,370,425

1 1 4 ,7 3 8 ,5 5 0

8 37 ,0 8 1

2 2 ,7 9 4 ,7 9 4

4,456,271

273,587,716

121,036,112

147,739,255

1 1 9 ,8 5 8 ,8 2 2

8 9 5 ,3 8 7

2 6 ,9 8 5 ,0 4 6

4,812,349

295,697,698

134,613,437

155,194,386

1 2 5 ,3 4 1 ,3 4 2

9 57 ,2 1 0

2 8 ,8 9 5 ,8 3 4

5,889,875

23,742,796

6,367,691

283,411

11,838,523

5,253,171

23,904,925

5,949,325

280,096

12,217,682

5,457,822

27,970,218

9,544,587

295,840

11,794,877

6,334,914

25,611,034

6,833,754

266,199

12,066,083

6,444,998

31,127,763

11,026,837

250,834

12,388,673

7,461,419

27,171,277

6,734,239

268,300

12,263,435

7,905,303

31,764,288

10,257,861

257,574

12,562,582

8,686,271

30,103,156

6,507,450

270,984

13,499,246

9,825,476

12,668,987

11,849,410

173,437

605,544

23,004

17,592

16,681,398

15,751,964

197,186

700,355

15,113

16,780

13,341,497

12,392,738

218,066

669,337

42,901

18,455

14,889,921

13,907,406

241,908

684,285

38,153

18,169

13,980,532

12,924,632

281,667

710,091

46,888

17,254

14,270,000

13,323,112

269,914

610,294

49,252

17,428

14,261,223

13,051,155

359,132

749,168

82,561

19,207

16,756,448

15,492,886

384,815

740,382

118,835

19,530

3,604,283

652,063

1,811,070

1,031,500

109,650

4,255,164

656,922

2,178,055

1,297,787

122,400

4,138,626

660,437

2,162,539

1,182,770

132,880

4,548,654

724,335

2,431,688

1,265,391

127,240

4,854,482

626,447

2,856,924

1,264,201

106,910

5,193,098

841,612

3,045,448

1,177,311

128,727

5,733,893

675,616

3,574,254

1,316,494

167,529

6,424,074

826,137

3,893,693

1,454,685

249,559

256,795,740

1 4 4 ,8 2 8 ,3 4 6

1 1 1 ,9 6 7 ,3 9 4

281,304,466

1 6 5 ,3 5 4 ,8 4 2

1 1 5 ,9 4 9 ,6 2 4

279,199,321

1 5 2 ,3 9 7 ,6 6 4

1 2 6 ,8 0 1 ,6 5 7

297,547,695

1 6 3 ,4 9 2 ,4 8 0

1 3 4 ,0 5 5 ,2 1 5

303,149,870

1 5 9 ,4 1 2 ,6 7 5

1 4 3 ,7 3 7 ,1 9 5

313,303,748

1 6 3 ,2 4 8 ,9 5 1

1 5 0 ,0 5 4 ,7 9 7

325,347,120

1 6 4 ,4 6 1 ,3 3 7

1 6 0 ,8 8 5 ,7 8 3

348,981,376

1 7 9 ,0 2 4 ,0 9 8

1 6 9 ,9 5 7 ,2 7 8

180 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Miscellaneous liabilities—total.......................................................................

R e discounts and o th e r borrow ed m o n e y ....................................... ...............

A cce ptan ces o u ts ta n d in g ......................................................................................

O ther lia b ilitie s ...........................................................................................................

Total liabilities (excluding capital accounts).......................................

Capital accounts—total.....................................................................................

C apital stock, notes, and d e b e n tu re s ..............................................................

S u rp lu s .............................................................................................................

7,409,956

441,799

1,461,052

5,507,105

7,820,622

473,448

1,689,406

5,657,768

8,188,211

782,362

1,498,878

5,906,971

11,290,601

3,590,812

1,655,648

6,044,141

9,589,877

1,516,411

1,597,026

6,476,440

12,612,070

3,614,177

1,620,293

7,377,600

10,726,686

2,059,441

1,724,102

6,943,143

12,024,063

2,611,535

1,737,101

7,675,427

264,205,696 289,125,088 287,387,532 308,838,296 312,739,747 325,915,818 336,073,806 361,005,439

24,499,917

6,464,028

12,423,665

4,806,379

805,845

25,313,652

6,621,703

13,068,228

4,781,267

842,454

26,108,012

6,826,298

13,430,586

5,024,430

826,698

27,095,816

6,937,502

13,822,081

5,488,605

847,628

27,648,835

7,172,516

14,258,908

5,363,677

853,734

28,894,013

7,451,066

14,637,286

5,941,518

864,143

30,031,747

8,304,806

15,133,523

5,661,210

932,208

31,168,950

8,739,510

15,552,060

5,872,927

1,004,453

U n divided p ro fits ......................................................................................................

R e se rve s........................................................................................................

MEMORANDA

Pledged assets and securities loaned.............. ..............

Captial stock, notes, and debentures:

Par or face value—total.................................................................................

C om m on s to c k .......................................................................................................

C apital notes and d e b e n tu re s .........................................................................

P re fe rre d s to c k ......................................................................................................

R e tirable value o f p re fe rre d s to c k ....................................................................

N u m b e r o f b a n k s ..............................................................................................................

29,973,285 31,782,351 34,659,071 35,844,661 38,492,256 e) 0) 0)

6,464,328

6,426,462

22,616

15,250

6,622,003

6,585,001

22,257

14,745

6,826,598

6,789,688

22,090

14,820

6,937,802

6,882,362

20,646

34,794

7,172,816

7,114,462

21,094

37,260

7,451,366

7,282,980

130,547

37,839

8,305,106

7,745,231

521,404

38,471

8,739,510

7,886,432

811,331

41,747

16,217 15,406 15,460 35,435 37,702 0) 0) 0)

13,461 13,445 13,442 13,457 13,527 13,621 13,728 13,820

1 Not available for all banks.

Back figures, 1984-1961: See the Annual Report for 1961, pp. 106-109, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 181

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 108. ASSETS AND LIABILITIES OF INSURED COMMERCIAL AND INSURED MUTUAL SAVINGS BANKS IN THE UNITED STATES

(STATES AND OTHER AREAS), DECEMBER AND JUNE CALL DATES, 1962 THROUGH 1964

(Amounts in thousands of dollars)

Insured com m ercial banks Insured m u tu a l savings banks

Dec. 28, 

1962

June 29, 

1963

Dec. 20, 

1963

June 30, 

196 4

Dec. 31, 

1964

Dec. 28, 

1962

June 29, 

1963

Dec. 20, 

1963

June 30, 

1 96 4

Dec. 31, 

1964

295,982,703 298,808,700 311,790,848 321,083,191 345,130,205 39,951,409 41,579,882 43,018,983 45,022,362 47,044,184

53,798,705

4,259,137

50,877,148

3,486,794

50,445,462

4,053,057

52,969,638

4,552,579

60,032,916

4,551,889

783,711

123,167

788,693

109,262

721,513

104,083

799,112

118,913

893,139

138,843

17,679,794

12,563,869

16,529,350

11,876,629

17,149,613

11,644,517

16,773,717

12,005,653

17,580,743

14,090,586 458,012 444,584 441,946 458,698 476,644

256,823

237,431

388,686

245,254

18,350,435

367,817

298,992

16,931,466

433,514

365,678

18,838,497

558,335

300,841

22,950,522

160,125 186,476 141,043 179,277 224,274

18,801,651 42,407 48,371 34,441 42,224 53,378

65,966,306 63,122,231 62,811,737 58,953,758 62,588,052 4,639,213 4,545,202 4,324,018 4,316,203 4,110,452

11,570,253 

3,917,424 

. 5,199,158 

18,518,818 

303,366 

2,253,167 

11,332,096 

11,967,665 

768,599 

135,760

9,063,613

3,202,828

4,486,173

19,259,933

285,371

1,490,993

9,760,193

14,366,215

1,112,495

94,417

10,999,429

1,651,564

5,921,023

16,402,791

277,927

1,141,495

12,931,738

12,244,036

1,137,045

104,689

8,994,405

32,171

6,313,028

16,742,337

267,411

1,862,679

12,021,002

11,487,935

1,097,971

134,819

13,301,211 220,763

78,906

122,927

631,844

146,394

31,981

316,445

1,631,069

1,354,432

104,452

244,594

52,513

141,778

584,655

135,646

17,847

308,114

1,590,850

1,357,457

111,748

208,768

19,074

217,234

354,585

115,721

14,190

537,123

1,423,462

1,296,853

137,008

208,369

274

232,494

7,097,197

11,872,107

247,362

1,904,040

14,766,228

12,481,688

778,067

140,152

239,473

322,221

101,005

10,642

774,718

1,222,311

1,266,641

170,549

128,164

280,349

92,527

11,515

850,449

1,107,233

1,241,155

166,566

28,946,174

24,582,904

32,095,360

27,610,889

34,660,292

29,611,314

36,056,681

31,230,057

38,371,648

33,343,807

5,180,122

493,149

5,050,137

426,967

5,040,575

410,862

5,064,308

385,271

5,014,656

367,846

2,870,165

804,088

465,705

223,312

2,973,360

780,871

481,062

249,178

3,503,243

784,083

491,175

270,477

3,099,001

931,823

| 795,800

3,446,144

762,790

818,907

616,277

3,260,251

624,184

3,128,230

712,425

3,003,773

714,095

2,977,749

749,219

2,904,732

810,445 870,756 913,515 987,193 992,859

94,912,480 95,217,591 97,472,029 95,010,439 100,959,700 9,819,335 9,595,339 9,364,593 9,380,511 9,125,108

A ssets

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

Cash, balances with other banks, and cash 

collection item s— to ta l.....................................

Currency and coin.............................................

Reserve with Federal Reserve banks (m em ­

ber banks).......................................................

Demand balances with banks in the United 

States (except private banks and A m erican branches of foreign banks).............

Other balances with banks in the United

S tates................................................................

Balances with banks in foreign co u n trie s ... 

Cash items in process of collection...............

Obligations of the U. S. Government, d irect 

and guaranteed— to ta l.................................

Direct:

Treasury b ills..................................................

Treasury certificates of indebtedness .... 

Treasury notes m aturing in 1 year or less

Treasury notes m aturing after 1 ye ar.......

United States non-marketable bonds . . . 

Other bonds m aturing in 1 year or less. .

Other bonds m aturing in 1 to 5 years.......

Other bonds m aturing in 5 to 10 ye a rs ...

Other bonds m aturing after 10 years........

Guaranteed obligations....................................

Other securities— to ta l..........................................

Obligations of States and subdivisions.........

Securities of Federal agencies and corporations (not guaranteed by U. S .)...................

Other bonds, notes, and debentures............

Federal Reserve bank stock.............................

Other corporate stocks......................................

Total se curities..........................................

182 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Loans and discounts, net—total............................ 140,023,316 144,965,172 155,933,367 164,480,262 175,096,194 28,778,005 30,532,938 32,299,615 34,050,304 36,233,052

V aluation re s e rv e s ........................................................... 2,694,275 3,010,546 2,994,811 3,249,257 3,552,676 215,413 215,836 218,740 211,839 209,774

Loans and discounts, gross—total........................ 142,717,591 147,975,718 158,928,178 167,729,519 178,648,870 28,993,418 30,748,774 32,518,355 34,262,143 36,442,826

Real e state loan s— to ta l............................................ 34,309,294 36,768,959 39,088,205 41,447,444 43,733,086 28,441,482 30,263,609 31,892,036 33,706,284 35,823,288

Secured by farm land................................................ 2 ,0 0 2 ,8 7 1 2 ,2 2 1 ,0 5 8 2 ,3 0 3 ,2 5 1 2 ,5 3 5 ,5 3 3 2 ,6 1 6 ,6 0 4 4 6 ,0 7 2 4 5 ,1 7 8 4 6 ,8 4 8 4 7 ,6 9 8 4 8 ,6 2 9

Secured by residential properties:

Insured by F H A .................................................. 6 ,4 9 4 ,9 4 6 6 ,8 3 0 ,2 6 9 7 ,0 4 7 ,2 3 8 7 ,1 0 6 ,3 2 9 7 ,2 4 3 ,4 9 7 8 ,6 8 1 ,7 9 3 9 ,4 2 5 ,2 4 7 9 ,9 6 9 ,5 1 0 1 0 ,6 7 3 ,8 7 9 1 1 ,5 2 7 ,8 2 7

Insured or guaranteed by VA.................................. 2 ,6 3 5 ,2 4 0 2 ,8 0 3 ,3 2 3 2 ,8 1 7 ,1 5 2 2 ,7 5 4 ,7 9 3 2 ,6 8 4 ,4 6 8 8 ,8 3 6 ,8 0 2 9 ,2 5 1 ,5 7 3 9 ,5 0 0 ,6 7 3 9 ,8 4 4 ,1 9 1 1 0 ,1 2 9 ,2 7 4

Not insured or guaranteed by FHA or VA................ 1 4 ,2 3 7 ,3 5 7 1 5 ,1 9 9 ,0 4 8 1 6 ,3 8 0 ,8 8 9 1 7 ,7 3 4 ,2 3 8 1 8 ,8 1 0 ,7 9 8 8 ,2 3 3 ,8 4 5 8 ,7 3 1 ,8 9 8 9 ,3 8 6 ,6 6 3 9 ,9 5 8 ,9 4 4 1 0 ,7 3 9 ,8 9 3

Secured by other properties........................................ 8 ,9 3 8 ,8 8 0 9 ,7 1 5 ,2 6 1 1 0 ,5 3 9 ,6 7 5 1 1 ,3 1 6 ,5 5 1 1 2 ,3 7 7 ,7 1 9 2 ,6 4 2 ,9 7 0 2 ,8 0 9 ,7 1 3 2 ,9 8 8 ,3 4 2 3 ,1 8 1 ,5 7 2 3 ,3 7 7 ,6 6 5

Loans to d o m e stic co m m e rcia l and fore ign

b a n k s ............................................................................ 2,552,321 1,903,897 3,594,633 2,840,826 3,420,989 8,049 11,118 15,617 19,004 16,228

Loans to o th e r fin a n cia l in s titu tio n s .................... 8,468,121 8,641,977 9,441,479 10,435,192 10,849,646 5,234 4,371 7,016 8,751 9,322

Loans to b rokers and dealers in s e c u ritie s ___ 5,120,629 4,614,755 5,325,642 5,492,413 5,355,550 57,296 14,999 24,278 12,492 25,759

O th e r loans fo r p u rch a sin g o r ca rry in g se cu ritie s ................................................................................. 2,103,614 2,204,117 2,476,760 2,686,925 2,794,217 11,320 6,986 11,579 11,925 4,807

Loans to fa rm e rs d ire c tly g u a ra n te e d by th e

C o m m o d ity C re d it C o rp o ra tio n .......................... 1,111,661 799,576 816,838 366,380 513,580

O ther loans to fa rm e rs (e x c lu d in g loans on

real e s ta te )................................................................. 5,961,308 6,730,646 6,644,575 7,310,676 6,982,643 2,250 2,456 2,499 2,146 2,152

C om m ercial and in d u s tria l loans (incl. open

m a rk e t p a p e r)........................................................... 48,668,367 49,868,910 52,984,200 55,120,779 60,040,383 192,554 153,792 160,682 137,113 156,977

O ther loans to in d iv id u a ls fo r personal expenditu re s— to ta l..............................................................! 30,524,024 32,639,569 34,531,746 37,598,158 39,814,778 266,162 282,059 388,211 354,321 391,145

Passenger automobile instalment loans......................... 1 0 ,5 2 9 ,1 8 4 1 1 ,6 8 4 ,5 3 9 1 2 ,4 3 7 ,2 7 2 1 3 ,8 2 8 ,3 2 5 1 4 ,6 6 1 ,7 2 0 5 ,7 3 6 9 ,1 7 8 1 3 ,9 7 8 19,01 6 2 4 ,3 7 0

Other retail consumer instalment loans........................ 2 ,8 5 7 ,6 8 2 3 ,0 0 7 ,9 6 5 3 ,2 0 0 ,6 1 2 3 ,4 9 3 ,8 0 6 3 ,7 4 8 ,7 8 3 1 ,2 0 3 889 923 966 1 ,0 1 6

Residential repair and modernization instalment loans. . . 2 ,7 6 2 ,4 2 3 2 ,7 9 0 ,3 0 9 2 ,9 0 9 ,5 9 0 2 ,9 1 6 ,6 1 9 3 ,0 1 2 ,8 6 1 6 3 ,0 6 8 6 2 ,7 2 0 6 6 ,4 5 0 7 0,15 5 7 5,39 7

Other instalment loans for personal expenditures........... 5 ,0 3 4 ,2 8 2 5 ,4 0 5 ,5 6 7 5 ,7 1 8 ,9 2 0 6 ,1 5 0 ,5 3 8 6,441J04 5 8 ,2 2 9 6 9 ,7 1 6 8 8 ,4 8 4 1 05,578 1 26 ,0 2 7

Single-payment loans for personal expenditures............ 9 ,3 4 0 ,4 5 3 9 ,7 5 1 ,1 8 9 1 0 ,2 6 5 ,3 5 2 1 1 ,2 0 8 ,8 7 0 1 1 ,9 5 0 ,2 1 0 1 37 ,9 2 6 1 39 ,5 5 6 2 1 8 ,3 7 6 1 58 ,6 0 6 164 ,3 3 5

All o th e r loans (in c lu d in g o v e rd ra fts )................. 3,898,252 3,803,312 4,024,100 4,430,726 5,143,998 9,071 9,384 16,437 10,107 13,148

Total loans and securities......................... 234,935,796 240,182,763 253,405,396 259,490,701 276,055,894 38,597,340 40,128,277 41,664,208 43,430,815 45,358,160

Bank premises, furniture and fixtures, and

other real estate—total..................................... 3,884,209 4,126,863 4,394,800 4,587,288 4,753,588 288,287 301,394 312,897 336,734 342,898

B ank p re m is e s .............................................................. 2,609,561 2,871,426 3,082,103 I 243,406 251,295 260,904 271,529 277,072

F u rn itu re and fix tu re s ............................................... 793,893 810,642 863,387 ! 25,206 27,558 29,168 33,462 39,117

Real e sta te ow ned o th e r th a n ban k pre m ise s. 106,984 105,552 89,334 m 19,675 22,541 22,825 31,743 26,709

In ve stm e n ts and o th e r assets in d ire c tly rep­ r v ) I

O

re se n tin g b a n k p re m ise s o r o th e r real I

e s ta te ............................................................................ 373,771 339,243 359,976 j

Miscellaneous assets—total.................................... 3,363,993 3,621,926 3,545,190 4,035,564 4,287,807 282,071 361,518 320,365 455,701 449,987

C u s to m e rs ’ lia b ility on acce p ta n ce s o u ts ta n d in g ....................................................................... 1,618,937 1,549,880 1,591,458 1,690,721 1,697,120

O ther a s s e ts ................................................................... 1,745,056 2,072,046 1,953,732 2,344,843 2,590,687 282,071 361,518 320,365 455,701 449,987

PERCENTAGES

To total assets:

Cash and balances w ith o th e r b a n k s .................. 18.2% 17.0% 16.2% 16.5% 17.4% 2.0% 1.9% 1.7% 1.8% 1.9%

U.S. G o ve rn m e n t o b lig a tio n s, d ire c t and g u a ra n te e d .......................................................................... 22.3 21.1 20.1 18.4 18.2 11.6 10.9 10.0 9.6 8.7

O ther s e c u ritie s ............................................................ 9.8 10.8 11.1 11.2 11.1 13.0 12.2 11.7 11.2 10.7

Loans and d is c o u n ts .................................................. 47.3 48.5 50.0 51.2 50.7 72.0 73.4 75.1 75.6 77.0

O ther a s s e ts ................................................................... 2.4 2.6 2.6 2.7 2.6 1.4 1.6 1.5 1.8 1.7

Total capital a c c o u n ts ............................................... 8.0 8.1 8.1 8.2 8.0 8.4 8.2 8.3 8.0 7.9

To total assets other than cash and U. S. Government obligations:

Total capital a c c o u n ts ................................................ 13.5 13.1 12.8 12.7 12.4 9.7 9.4 9.4 9.1 8.9

ASSETS AND LIABILITIES OF BANKS 183

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 108. ASSETS AND LIABILITIES OF INSURED COMMERCIAL AND INSURED MUTUAL SAVINGS BANKS IN THE UNITED STATES

(STATES AND OTHER AREAS), DECEMBER AND JUNE CALL DATES, 1962 THROUGH 1964— CONTINUED

(Amounts in thousands of dollars)

Insured com m ercial banks In sured m u tu a l savings banks

Liab ilities and capital Dec. 28, June 29, Dec. 20, June 30, Dec. 31, Dec. 28, June 29, Dec. 20, June 30, Dec. 31,

1962 1963 1963 1964 1964 1962 1963 1963 1964 1 96 4

Total liabilities and capital accounts................... 295,982,703 298,808,700 311,790,848 321,083,191 345,130,205 39,951,409 41,579,882 43,018,983 45,022,362 47,044,184

Business and personal deposits—total............ 216,424,179 215,632,887 228,042,312 232,821,964 252,983,403 36,073,907 37,554,206 38,627,061 40,765,752 42,714,295

In d ivid u a ls, p a rtn e rs h ip s , and co rp o ra tio n s

— d e m a n d ............................................................ 123,296,625 115,731,286 123,561,302 120,715,072 134,300,734 257,875 292,744 281,375 321,040 312,703

In d ivid u a ls, p a rtn e rs h ip s , and co rp o ra tio n s

— tim e .................................................................... 88,678,022 95,462,429 100,033,046 107,304,540 112,804,696 35,808,838 37,252,870 38,337,379 40,434,715 42,389,690

Savings deposits.................................................... 7 1 ,0 ^ 3 ,5 8 8 7 4 ,3 9 0 ,6 2 6 7 6 ,41 3 ,7 0 1 7 9 ,4 4 7 ,9 5 5 8 2 ,9 6 6 ,9 7 1 3 5 ,7 9 7 ,7 8 9 3 7 ,2 3 0 ,8 8 0 3 8 ,3 2 4 ,8 4 9 4 0 ,4 1 0 ,8 6 7 4 2 ,3 7 4 ,3 7 1

Deposits accumulated for payment of personal loans... 7 83 ,8 2 6 7 89 ,6 4 8 8 36 ,4 5 0 8 94 ,7 0 0 9 5 6 ,4 1 0 705 732 631 687 800

Other deposits of individuals, partnerships, and corporations .......................................................... 1 6 ,8 5 0 ,6 0 8 2 0 ,2 8 2 ,1 5 5 2 2 ,7 8 2 ,8 9 5 2 6 ,9 6 1 ,8 8 5 2 8 ,8 8 1 ,3 1 5 1 0 ,3 4 4 2 1 ,2 5 8 1 1 ,8 9 9 2 3 ,1 6 1 1 4,51 9

C e rtifie d and o ffic e rs ’ checks, le tte rs of

c re d it, a nd tra v e le rs ' checks, e tc .............. 4,449,532 4,439,172 4,447,964 4,802,352 5,877,973 7,194 8,592 8,307 9,997 11,902

Government deposits—total................................ 25,581,722 31,098,068 27,142,510 31,735,033 30,068,312 29,312 29,695 28,767 29,255 34,844

U n ite d S tates G o ve rn m e n t— d e m a n d ............. 6,824,658 11,019,039 6,729,214 10,251,709 6,500,876 9,096 7,798 5,025 6,152 6,574

U n ite d S tates G o ve rn m e n t— tim e ..................... 266,143 250,798 268,203 257,556 270,832 56 36 97 18 152

States and su bd ivisions— d e m a n d ................... 12,064,372 12,386,649 12,261,389 12,561,082 13,497,662 1,711 2,024 2,046 1,500 1,584

S tates and su b d ivisio n s— tim e .......................... 6,426,549 7,441,582 7,883,704 8,664,686 9,798,942 18,449 19,837 21,599 21,585 26,534

Domestic interbank and postal savings deposits—total..................................................... 14,888,976 13,979,354 14,268,764 14,259,755 16,754,488 945 1,178 1,236 1,468 1,960

C o m m ercial ban ks in th e U. S.— d e m a n d . . . 13,907,380 12,924,607 13,323,080 13,051,094 15,492,798 26 25 32 61 88

C o m m e rcia l ban ks in th e U. S.— tim e ............. 240,989 280,514 268,710 357,725 382,943 919 1,153 1,204 1,407 1,872

M u t u a l c a v i n c r c hs» n k Q i n t h p 1 1 ^ — H p r n a n d IVIUlllCII o d v l l I g o U a l lr\o III LIIC U . O . U C I I I u l l U . 684,285 710,091 610,294 749,168 740 382

M utu al savings banks in th e U . S.— tim e 38 153 46’888 49^252 82 561 118 835

Postal savings 18^169 17,254 17'428 19,207 19,530

Foreign government and bank deposits—

total . . . ............... 4,548,654 4,854,482 5,193,043 5,733,851 6,424,074 ............... 55 42

Foreign g o v e rn m e n ts , c e n tra l banks, e tc.—

d e m a n d .... 724,335 626,447 841,590 675,575 826,137 22 41

Foreign g o ve rn m e n ts, c e n tra l banks, e tc.—

tim e 2,431,688 2,856,924 3,045,415 3,574,254 3,893,693 33

B anks in fo re ig n c o u n trie s — d em and 1 265 391 1,264,201 1,177,311 1,316,493 1,454,685 1

Banks in fo re ig n co u n trie s— tim e 127[240 106,910 128,727 167,529 249,559

Total deposits................................................... 261,443,531 265,564,791 274,646,629 284,550,603 306,230,277 36,104,164 37,585,079 38,657,119 40,796,517 42,751,099

Demand........................................................... 1 6 3 ,2 1 6 ,5 7 8 1 5 9 ,1 0 1 ,4 9 2 1 6 2 ,9 5 2 ,1 4 4 1 6 4 ,1 2 2 ,5 4 5 1 7 8 ,6 9 1 ,2 4 7 2 7 5 ,9 0 2 3 1 1 ,1 8 3 2 9 6 ,8 0 7 3 3 8 ,7 9 2 3 32 ,8 5 1

Tim e............................................................... 9 8 ,2 2 6 ,9 5 3 1 0 6 ,4 6 3 ,2 9 9 1 1 1 ,6 9 4 ,4 8 5 1 2 0 ,4 2 8 ,0 5 8 1 2 7 ,5 3 9 ,0 3 0 3 5 ,8 2 8 ,2 6 2 3 7 ,2 7 3 ,8 9 6 3 8 ,3 6 0 ,3 1 2 4 0 ,4 5 7 ,7 2 5 4 2 ,4 1 8 ,2 4 8

184 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Miscellaneous liabilities—total..........................

R e discounts and o th e r borrow ed m o p e y ___

A cce ptan ces o u ts ta n d in g .....................................

10,786,803

3,583,534

1,655,648

5,547,621

9,009,288

1,499,211

1,597,026

5,913,051

11,821,823

3,576,530

1,620,293

6,625,000

10,118,845

2,039,406

1,724,102

6,355,337

11,461,821

2,591,133

1,737,101

7,133,587

503,798

7,278

580,589

17,200

790,247

37,647

607,841

20,035

562,242

20,402

O ther lia b ilitie s .........................................................

Total liabilities (excluding capital accounts) ...........................................................

Capital accounts—total.........................................

C apital stock, notes, and d e b e n tu re s ............

S u rp lu s .........................................................................

U n divided p ro fits .....................................................

R e serve s......................................................................

MEMORANDA

Pledged assets and securities loaned..............

496,520 563,389 752,600 587,806 541,840

272,230,334 274,574,079 286,468,452 294,669,448 317,692,098 36,607,962 38,165,668 39,447,366 41,404,358 43,313,341

23,752,369

6,937,352

11,458,444

4,789,690

566,883

24,234,621

7,172,366

11,819,350

4,663,487

579,418

25,322,396

7,450,533

12,163,471

5,113,403

594,989

26,413,743

8,304,128

12,551,781

4,913,133

644,701

27,438,107

8,738,836

12,893,189

5,113,007

693,075

3,343,447

150

2,363,637

698,915

280,745

3,414,214

150

2,439,558

700,190

274,316

3,571,617

533

2,473,815

828,115

269,154

3,618,004

678

2,581,742

748,077

287,507

3,730,843

674

2,658,871

759,920

311,378

35,844,661 38,492,256 (J) C1) 0)

Capital stock, notes, and debentures:

Par or face value—total....................................

C o m m on s to c k ......................................................

6,937,652

6,882,362

20,496

34,794

7,172,666

7,114,462

20,944

37,260

7,450,833

7,282,980

130,014

37,839

8,304,428

7,745,231

520,726

38,471

8,738,836

7,886,432

810,657

41,747

150 150 533 678 674

C apital n otes and d e b e n tu re s ........................

P re fe rre d s to c k ....................................................

150 150 533 678 674

R e tirable value o f p re fe rre d s to c k ................... 35,435 37,702 C1) 0) C1)

N u m b e r of b a n k s ............................................................. 13,126 13,196 13,291 13,401 13,493 331 331 330 327 327

1 Not available for all banks.

Back figures, 1934-1962: See the Annual Report for 1962, pp. 130-133, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 185

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 109. AVERAGE ASSETS AND LIABILITIES AND ASSETS AND LIABILITIES PER $100 OF TOTAL ASSETS OF INSURED

COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), 19641

BY CLASS OF BANK

A sse t o r lia b ility item

Total

M em b ers F.R. System N ot 

m em b ers 

F.R. SystemN ational State

Average assets and liabilities (in thousands of dollars)1

325,490,626

54,449,343

61,439,390

36,360,062

164,816,703

8,425,128

178,591,006

30,736,731

32,783,166

20,232,936

90,334,267

4.503,906

94,745,325

17,229,436

15,305,676

10,235,103

49,015,907

2,959,203

52,154,295

6,483,176

13,350,548

5,892,023

25,466,529

962,019

U n ite d S tates G overnrrrent o b lig a tio n s ......................................................................................................................

O th e r se cu ritie s .................................................................................................................................................................................

Loans and d isco u n ts ...................................................................................................................................................

A ll o th e r assets ...........................................................................................................................................................

Liabilities and capital'—total ..................................................................................................................................... 325,490,626

287,988,560

1 6 8 ,3 8 2 ,1 2 2

1 1 9 ,6 0 6 ,4 3 8

11,110,692

26,391,374

178,591,006

158,805,679

9 2 ,5 7 5 ,8 8 8

6 6 ,2 2 9 ,7 9 1

5,499,377-

14,285,950

94,745,325

82,245,195

5 0 ,4 0 4 ,6 3 8

3 1 ,8 4 0 ,5 5 7

4,792,089

7,708,041

52,154,295

46,937,686

2 5 ,4 0 1 ,5 9 6

2 1 ,5 3 6 ,0 9 0

819,226

4,397,383

Total d e p o sits ...........................................................................................................................................................

Time and savings deposits ........................................................................................

B o rrow ings and o th e r lia b ilitie s ..................................................................................................................

T otal c a p ita l a cco u n ts ..............................................................................................................................

Assets and liabilities per $100 of total assets1

Assets—total ............................................................................................................................................. $100.00

16.73

18.87

11.17

50.64

2.59

$100.00

17.21

18.36

11.33

50.58

2.52

$100.00

18.19

16.16

10.80

51.73

3.12

$100.00

12.43

25.60

11.30

48.83

1.84

C ash and due fro m ban ks ..........................................................................................................................

U n ite d S tates G o ve rn m e n t o b lig a tio n s ..................................................................................................................

O th e r se cu ritie s ......................................................................................................................

Loans a nd d is c o u n ts ..........................................................................................................................

A ll o th e r assets .......................................................................................................................................

Liabilities and capital—total .......................................................................................................................... $100.00

88.48

5 1 .7 3

3 6 .7 5

3.41

8.11

$100.00

88.92

5 1 .8 4

3 7 .0 8

3.08

8.00

$100.00

86.81

5 3 .2 0

3 3 .6 1

5.06

8.13

$100.00

90.00

4 8.71

4 1 .2 9

1.57

8.43

Total d e p o sits ......................................................................................................................

Time and savings deposits ..........................................................................................

B o rrow ings and o th e r lia b ilitie s ..............................................................................................................................

Total c a p ita l acco u n ts ...........................................................................................................................................................

1 Asset and liability items are averages of the amounts reported for the following call dates: December 20,1963; June 30,1964; and December 31,1964. 

Note: For income data by class of bank, see Tables 115 and 116, pp. 198-201.

Back figures, 1934-1963: See Tables 113 and 114, pp.194-197 the Annual Report for 1963, p. 144, and earlier reports.

186 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 110. ASSETS AND LIABILITIES AND ASSETS AND LIABILITIES PER $100 OF TOTAL ASSETS OF INSURED COMMERCIAL BANKS 

OPERATING THROUGHOUT 1964 IN THE UNITED STATES (STATES AND OTHER AREAS), DECEMBER 31, 1964

BANKS GROUPED ACCO RD IN G TO A M O U NT OF DEPOSITS

A sse t o r lia b ility item All

b a n k s 1

Banks w ith deposits of—

Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Assets and liabilities (in

thousands of dollars)

Assets—total................................................................

Cash and d u e fro m b a n k s .......................................

U n ite d S tates G o ve rn m e n t o b lig a tio n s ..............

O th e r s e c ru itie s ............................................................

Loans and d is c o u n ts ..................................................

All o th e r a s s e ts .............................................................

Liabilities and capital—total...................................

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

Demand deposits......................................................

Time and savings deposits.........................................

B o rrow ings and o th e r lia b ilitie s .............................

Total ca p ita l a c c o u n ts ................................................

341,226,463

59,334,922

62,007,459

38,075,198

172,963,103

8,845,781

547,588

107,521

175,368

31,203

229,121

4,375

3,393,182

541,831

1,079,487

246,815

1,489,370

35,679

15,892,583

2,411,220

4,650,729

1,555,544

7,047,790

227,300

22,315,202

3,251,349

5,781,476

2,684,639

10,232,354

365,384

35,569,318

4,977,828

8,533,045

4,443,978

16,945,854

668,613

23,223,138

3,225,656

5,203,421

2,885,177

11,444,256

464,628

23,457,042

3,594,773

5,076,495

2,790,290

11,519,426

476,058

66,127,378

11,846,667

11,688,072

7,032,919

34,120,276

1,439,444

150,701,032

29,378,077

19,819,366

16,404,633

79,934,656

5,164,300

341,226,463

302,891,342

1 7 6 ,6 5 9 ,3 3 5

1 26 ,2 3 2 ,0 0 7

11,335,968

26,999,153

547,588

475,833

335 ,0 3 6

140,797

2,605

69,150

3,393,182

3,009,421

1 ,8 5 4 ,9 0 0

1 ,1 5 4 ,5 2 1

16,282

367,479

15,892,583

14,275,113

8 ,0 8 2 ,1 7 4

6 ,1 9 2 ,9 3 9

121,619

1,495,851

22,315,202

20,224,373

1 0 ,9 7 3 ,8 3 1

9 ,2 5 0 ,5 4 2

230,937

1,859,892

35,569,318

32,255,412

1 7 ,2 0 7 ,5 0 2

1 5 ,0 4 7 ,9 1 0

558,618

2,755,288

23,223,138

21,006,198

1 1 ,3 6 5 ,6 2 6

9 ,6 4 0 ,5 7 2

498,075

1,718,865

23,457,042

21,172,756

1 1 ,7 6 0 ,8 9 0

9 ,4 1 1 ,8 6 6

524,016

1,760,270

66,127,378

59,296,065

3 6 ,0 5 7 ,0 2 0

2 3 ,2 3 9 ,0 4 5

1,764,289

5,067,024

150,701,032

131,176,171

7 9 ,0 2 2 ,3 5 6

5 2 ,1 5 3 ,8 1 5

7,619,527

11,905,334

Assets and liabilities per $100 of total assets

Assets—total................................................................

Cash and d u e fro m b a n k s .......................................

U n ited S tates G o ve rn m e n t o b lig a tio n s ..............

O th e r s e c u ritie s ............................................................

Loans and d is c o u n ts ..................................................

All o th e r a s s e ts .............................................................

Liabilities and capital—total...................................

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

Demand deposits......................................................

Time and savings deposits.........................................

B orrow ings and o th e r lia b ilitie s .............................

Total capital a c c o u n ts ................................................

$100.00

17.39

18.17

11.16

50.69

2.59

$100.00

19.63

32.03

5.70

41.84

.80

$100.00

15.97

31.81

7.28

43.89

1.05

$100.00

15.17

29.26

9.79

44.35

1.43

$100.00

14.57

25.91

12.03

45.85

1.64

$100.00

14.00

23.99

12.49

47.64

1.88

$100.00

13.89

22.41

12.42 

49.28

2.00

$100.00

15.32

21.64

11.90

49.11

2.03

$100.00

17.91

17.67

10.64

51.60

2.18

$100.00

19.49

13.15

10.89

53.04

3.43

$100.00

88.77

5 1 .7 7

3 7 .0 0

3.32

7.91

$100.00

86.89

6 1 .1 8

25.71

.48

12.63

$100.00

88.69

5 4 -6 7

3 4 .0 2

.48

10.83

$100.00

89.82

5 0 .8 5

3 8 .9 7

.77

9.41

$100.00

90.63

4 9 .1 8

4 1 .4 5

1.03

8.34

$100.00

90.68

4 8 .3 8

4 2 .3 0

1.57

7.75

$100.00

90.45

4 8 .9 4

4 1 .5 1

2.15

7.40

$100.00

90.26

50.14

40.12

2.23

7.51

$100.00

89.67

5 4 .5 3

3 5 .1 4

2.67

7.66

$100.00

87.04

5 2 .4 3

3 4 .6 1

5.06 

7.90

N u m b e r of banks, D ecem ber 3 1 ........................... 13,160 639 1,999 4,271 2,878 2,098 607 308 283 77

1 This group of banks is the same as the group shown in Table 115 under the heading "Operating throughout the year” . These ratios differ slightly from the ratios for all insured commercial banks shown in Table

Note: For income and expense data by size of bank, see Tables 117 and 118, pp. 202-205.

Back figures, 1941-1963: See the Annual Report for 1963, p. 145, and earlier reports.

114.

ASSETS AND LIABILITIES OF BANKS 187

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 111. AVERAGE ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS IN THE UNITED STATES

(STATES AND OTHER AREAS), BY STATE, 1964 1

(Amounts in thousands of dollars)

S tate

A s s e ts 1

T otal

Liab ilities and capital a c c o u n ts 1

Cash and 

due fro m 

banks

U.S. Gove rn m e n t 

ob lig a tio n s

O ther

securities

Loans

and

discounts

All

o th e r

assets Total

Deposits

Dem and T im e and 

savings

B orrow ings 

and o th e r 

lia b ilitie s

Total

capital

accou nts

Total United States............................ 54,449,343 61,439,390 36,360,062 164,816,703 8,425,128 325,490,626 287,988,560 168,382,122 119,606,438 11,110,692 26,391,374

50 States and D. C.............................. 54,360,370 61,350,894 36,301,356 164,372,776 8,397,975 324,783,371 287,360,023 168,093,080 119,266,943 11,087,922 26,335,426

Other areas.......................................... 88,973 88,496 58,706 443,927 27,153 707,255 628,537 289,042 339,495 22,770 55,948

State

A la b a m a ................................................. 513,280 657,289 374,310 1,385,388 53,334 2,983,601 2,679,634 1,691,571 988,063 44,742 259,225

A la s k a ..................................................... 44,101 75,091 25,051 142,950 10,219 297,412 276,731 152,668 124,063 3,106 17,575

A riz o n a ................................................... 262,168 264,690 160,934 1,288,590 72,906 2,049,288 1,838,599 989,400 849,199 58,922 151,767

A rk a n s a s ................................................ 383,311 347,538 266,023 898,149 30,269 1,925,290 1,749,592 1,171,973 577,619 17,254 158,444

C a lifo rn ia ................................................ 5,549,505 5,459,117 3,431,084 20,588,926 1,138,473 36,167,105 32,280,048 15,189,421 17,090,627 1,332,036 2,555,021

C o lo ra d o ................................................. 513,386 567,427 197,727 1,524,688 70,241 2,873,469 2,586,992 1,514,657 1,072,335 52,734 233,743

C o n n e c tic u t.......................................... 529,696 492,586 457,684 1,819,565 71,523 3,371,054 2,958,039 1,973,733 984,306 133,451 279,564

D e la w a re................................................ 176,328 212,498 87,415 449,800 21,064 947,105 828,726 613,921 214,805 27,050 91,329

D istrict o f C o lu m b ia .......................... 397,484 540,324 106,045 1,127,729 39,349 2,210,931 2,000,507 1,346,122 654,385 49,186 161,238

F lo rid a ..................................................... 1,264,821 1,873,909 703,500 3,025,585 212,523 7,080,338 6,353,942 4,008,648 2,345,294 148,285 578,111

G e o rg ia ...................................................

H a w a ii.....................................................

851,613 773,580 368,289 2,190,738 95,557 4,279,777 3,778,111 2,549,552 1,228,559 119,370 382,296

109,843 171,084 86,039 557,199 41,865 966,030 852,205 433,581 418,624 28,948 84,877

Id a h o ....................................................... 118,393 169,985 75,753 472,836 20,212 857,179 779,350 459,505 319,845 16,041 61,788

Illin o is ...................................................... 3,701,772 5,595,747 3,267,972 11,680,824 464,556 24,710,871 22,196,741 12,379,402 9,817,339 607,956 1,906,174

In d ia n a ................................................... 1,062,525 1,824,375 545,241 2,893,167 104,365 6,429,673 5,758,134 3,579,016 2,179,118 163,257 508,282

Io w a ......................................................... 658,964 1,038,134 432,979 2,039,102 51,415 4,220,594 3,799,063 2,323,686 1,475,377 40,846 380,685

K a n sa s.................................................... 526,311 857,170 428,019 1,471,859 39,441 3,322,800 2,987,242 1,984,222 1,003,020 31,731 303,827

K e n tu c k y ...............................................

L o u is ia n a ...............................................

638,158 809,167 283,506 1,479,930 45,632 3,256,393 2,934,024 2,066,171 867,853 34,340 288,029

811,664 968,396 430,114 1,747,549 67,756 4,025,479 3,631,318 2,548,379 1,082,939 63,057 331,104

M a in e ...................................................... 106,086 169,333 72,945 469,458 19,594 837,416 736,815 390,997 345,818 23,759 76,842

M a ry la n d ................................................ 528,733 717,239 341,165 1,732,588 68,594 3,388,319 3,048,487 1,885,553 1,162,934 73,501 266,331

M a s s a c h u s e tts .................................... 1,311,590 1,209,558 547,269 3,977,164 185,906 7,231,487 6,219,895 4,751,282 1,468,613 334,546 677,046

M ic h ig a n ................................................ 1,773,798 3,057,495 1,638,805 6,410,888 233,655 13,114,641 11,909,790 5,349,437 6,560,353 303,426 901,425

M in n e s o ta ............................................. 959,021 1,354,832 633,120 2,797,296 116,150 5,860,419 5,276,764 2,883,609 2,393,155 115,763 467,892

M is s is s ip p i............................................ 338,567 370,099 299,652 875,166 41,615 1,925,099 1,739,716 1,151,289 588,427 32,546 152,837

188 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
M is s o u ri.................................................. 1,541,616 1,814,967 927,250 3,888,779 123,543 8,296,155 7,449,538 4,897,207 2,552,331 140,663 705,954

M o n ta n a ................................................. 158,524 262,772 115,316 538,950 23,177 1,098,739 996,332 573,958 422,374 23,328 79,079

N e b ra s k a ............................................... 430,291 488,249 201,545 1,136,068 33,282 2,289,435 2,040,145 1,491,845 548,300 41,196 208,094

N e va d a........................................... ..... v 87,528 132,407 61,444 394,115 25,577 701,071 632,721 363,458 269,263 16,557 51,793

N ew H a m p sh ire ................................ 77,074 103,222 40,085 346,619 10,511 577,511 500,239 291,250 208,989 20,522 56,750

N ew J e rs e y ........................................... 1,229,832 1,930,0/3 1,556,269 5,092,435 182,391 9,991,000 8,984,865 4,594,037 4,390,828 266,960 739,175

N ew M e xcio ........................................... 160,496 234,385 72,985 495,319 20,650 983,835 897,562 575,696 321,866 13,487 72,786

New Y o rk ................................................ 12,271,974 8,691,903 7,676,794 33,421,745 2,717,365 64,779,781 54,877,589 34,848,461 20,029,128 4,501,852 5,400,340

N o rth C a ro lin a ..................................... 748,924 647,604 498,674 2,210,576 106,560 4,212,338 3,677,968 2,387,658 1,290,310 183,339 351,031

N o rth D a k o ta ........................................ 99,444 255,231 127,229 422,878 20,232 925,014 839,059 461,456 377,603 13,618 72,337

O h io .......................................................... 2,317,040 3,293,870 1,626,056 7,737,603 246,204 15,220,773 13,580,573 7,276,130 6,304,443 371,465 1,268,735

O kla h o m a .............................................. 771,151 806,643 343,572 1,691,681 66,501 3,679,548 3,281,372 2,265,631 1,015,741 49,521 348,655

O re g o n .................................................... 418,659 501,471 274,670 1,500,133 85,773 2,780,706 2,518,211 1,269,046 1,249,165 58,795 203,700

P e n n sylva n ia ........................................ 2,920,574 3,686,183 2,964,422 10,122,147 383,222 20,076,548 17,658,342 9,446,032 8,212,310 560,524 1,857,682

Rhode Is la n d ........................................ 137,194 143,485 219,317 682,545 19,640 1,202,181 1,062,272 505,263 557,009 46,751 93,158

South C a ro lin a ..................................... 255,816 297,983 164,170 668,270 30,120 1,416,359 1,248,110 977,958 270,152 39,005 129,244

South D a k o ta ....................................... 133,504 291,462 89,497 504,518 18,627 1,037,608 942,200 537,788 404,412 13,117 82,291

T e n n e sse e ............................................. 917,497 921,348 523,486 2,442,170 84,303 4,888,804 4,418,717 2,573,368 1,845,349 97,658 372,429

T e x a s ....................................................... 3,646,037 3,063,241 1,753,809 8,397,116 497,391 17,357,594 15,525,173 10,216,977 5,308,196 407,171 1,425,250

U ta h ......................................................... 228,996 200,048 113,345 778,347 23,942 1,344,678 1,210,581 631,608 578,973 32,056 102,041

V e rm o n t.................................................. 50,984 98,897 51,682 339,006 9,807 550,376 494,274 170,387 323,887 10,445 45,657

V irg in ia .................................................... 701,719 909,328 498,940 2,577,682 94,347 4,782,016 4,267,178 2,322,109 1,945,069 110,793 404,045

W a sh in g to n ........................................... 609,119 697,577 350,410 1,953,784 102,543 3,713,433 3,332,736 1,946,616 1,386,120 86,377 294,320

W est V irg in ia ......................................... 267,623 550,981 152,941 754,442 32,129 1,758,116 1,550,088 929,971 620,117 29,533 178,495

W isco n sin ............................................... 947,735 1,606,346 598,456 2,956,930 111,337 6,220,804 5,662,616 2,863,676 2,798,940 89,425 468,763

W yo m in g ................................................. 99,901 144,555 38,351 271,784 12,587 567,178 511,097 287,699 223,398 7,911 48,170

O ther area

Puerto R ico ........................................... 86,617 83,778 57,674 426,167 26,782 681,018 605,739 280,034 325,705 21,297 53,982

V irgin Is la n d s ....................................... 2,356 4,718 1,032 17,760 371 26,237 22,798 9,008 13,790 1,473 1,966

1 Asset and liability items are averages of the amounts reported for the following cal! dates: December 20,1963; June 30,1964; and December 31,1964. 

Note: For income data by State, see Table 119, pp.206-215.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 146-147, and earlier reports.

ASSETS AND LIABILITIES OF BANKS 189

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS AND BY RATIOS OF SELECTED ITEMS TO ASSETS

Table 112. DISTRIBUTION OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

DECEMBER 31, 1964

N u m b e r o f banks w ith dep osits of—

Ratios All

banks Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Ratios of obligations of States and subdivisions to

total assets of—

1,583

895

2,911

325 505 518 157 63 9 3 3

M ore th a n zero b u t less th a n 1 p e rc e n t..................... 76

191

314

681

358

1,143

81

450

45

287

7

86

9

37

4

28

1

8

3,775 82 358 1,189 925 726 206 117 135 37

2,707 32 156 706 825 597 187 98 80 26

15 to 2 0 p e rc e n t ......................................................... 1,114

508

19 62 283 312 287 84 41 23 3

2 0 p e rc e n t o r m ore ....................................................... 5 37 150 147 116 31 8 10 4

Ratios of U. S. Government obligations to total

assets of—

Less th a n 10 p e rc e n t.......................................................... 637 40 92 178 153 107 26 12 20 9

10 to 2 0 p e rce n t ................................................. 3,218

4,439

3,180

130 334 796 716 637 228 136 177 64

20 to 3 0 p e rc e n t ........................................................... 176 544 1,346 1,073 865 240 119 70 6

q n to A fl n p rrp n t . . 168 610 1,205 661 391 100 35 10

A fi tn Rf) n p rrp n t 1 395 127 333 580 232 97 13 9 4

RH to fifi n p rrp n t . . 483 65 149 194 51 18 3 2 1

141

37

228

24

19

43

51 48 11 6 1

Ratios of loans to total assets of—

8 6 3 1 Less th a n 10 p e rc e n t..........................................................

10 to 2 0 p e rce n t 50 79 35 15 2 3 1

Of) tr» qn n p rrp n t 994

2,798

99 219 381 192 81 10 10 2

3 0 to 4-0 p e rce n t 168 499 1,041 596 369 85 28 12

4 0 to 5 0 p e rce n t ............................................. 4,629 212 693 1,467 1,015 787 218 116 102 19

5 0 to 6 0 p e rce n t ............................................................. 3,517 123 453 974 770 661 224 125 130 57

6 0 p e rc e n t o r m ore ................................ 1,290

2,356

66 191 399 286 207 71 31 36 3

Ratios of cash and due from banks to total assets of—

Less th a n 10 p e rce n t. ................................................. 65 353 789 539 402 116 54 35 3

10 to 15 p e rc e n t ............................................................... 5,233 202 736 1,665 1,181 948 285 121 83 12

26 15 to 2 0 p e rce n t ................................................... 3,302 136 534 1,054 739 521 141 76 75

2 0 to 25 p e rc e n t ............................................................... 1,573 126 245 540 300 191 51 42 54 24

12 2 5 to 3 0 p e rce n t ............................................... 628 94 148 190 95 41 14 14 20

3 0 to 3 5 p e rc e n t ............................................................... 218 40 51 66 27 14 3 5 10 2

OR n o rro n t n y mATA 183 67 46 43 16 4 1 6

1

190 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Ratios of total capital accounts to total assets other

than cash and due from banks and U. S. Government obligations of—

Less than 10 percent....................................................

10 to 15 percent............................................................

15 to 20 percent............................................................

20 to 25 percent............................................................

25 to 30 percent............................................................

30 to 35 percent............................................................

35 to 40 percent............................................ ...............

40 percent or more.......................................................

Ratios of total capital accounts to total assets other

than cash and due from banks, U. S. Government obligations, C.C.C. loans, and F.H.A. and

V.A. real estate loans of—

Less than 10 percent....................................................

10 to 15 percent............................................................

15 to 20 percent............................................................

20 to 25 percent............................................................

25 to 30 percent............................................................

30 to 35 percent............................................................

35 to 40 percent............................................................

40 percent or more.......................................................

Ratios of total capital accounts to total assets of— ..

Less than 4 percent.......................................................

4 to 6 percent.................................................................

6 to 8 percent.................................................................

8 to 10 percent...............................................................

10 to 12 percent............................................................

12 to 15 percent............................................................

15 percent or more.......................................................

Number of banks...............................................................

1,301 2 30

5,389 60 394

3,358 126 575

1,568 126 421

748 94 261

415 81 143

244 65 103

470 176 186

1,007 2 23

5,184 47 336

3,478 118 536

1,684 118 431

887 105 306

447 80 161

261 53 109

545 207 211

32 2

877 2 20

4,341 50 331

4,187 122 600

2,086 156 493

1,201 182 394

769 216 275

13,493 730 2,113

Back figures, 1958-1968: See the Annual Report for 1963, pp. 148-149, and earlier reports.

175 307 417 191 88 75 16

1,434 1,535 1,238 327 177 173 51

1,414 743 348 81 31 28 12

728 200 72 8 9 4

292 63 27 3 5 3

147 29 13 2

66 7 2 1

91 13 4

140 237 333 150 67 48 7

1,294 1,479 1,253 339 189 189 58

1,425 807 396 107 37 38 14

784 237 87 11 12 4

355 81 29 2 5 4

154 33 16 1 2

86 10 2 1

109 13 5

3 4 12 5 4 2

143 220 285 122 46 35 4

1,160 1,168 993 292 161 151 35

1,532 1,001 598 146 79 77 32

852 353 159 37 14 14 8

449 103 53 8 9 3

208 48 21 1

4,347 2,897 2,121 610 313 283 79

ASSETS AND LIABILITIES OF BANKS 191

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 113. 

Table 114. 

Table 115.

Table 116.

Table 117.

Table 118.

Table 119.

Table 120. 

Table 121.

INCOME OF INSURED BANKS 

Income of insured commercial banks in the United States (States and other 

areas), 1956-1964

Ratios of income of insured commercial banks in the United States (States 

and other areas), 1956-1964

Income of insured commercial banks in the United States (States and other 

areas), 1964

By class of bank

Ratios of income of insured commercial banks in the United States (States 

and other areas), 1964 

By class of bank

Income of insured commercial banks operating throughout 1964 in the 

United States (States and other areas)

Banks grouped according to amount of deposits

Ratios of income of insured commercial banks operating throughout 1964 

in the United States (States and other areas)

Banks grouped according to amount of deposits

Income of insured commercial banks in the United States (States and other 

areas), by State, 1964

Income of insured mutual savings banks, 1956-1964 

Ratios of income of insured mutual savings banks, 1956-1964

192 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
The income data received and published by the Corporation relate 

to commercial and mutual savings banks insured by the Corporation.

Commercial banks

Reports of income and dividends are submitted to the Federal 

supervisory agencies on either a cash or an accrual basis.

Income data are included for all insured banks operating at the 

end of the respective years, unless indicated otherwise. In addition, 

appropriate adjustments have been made for banks in operation 

during part of the year but not at the end of the year. Data for 4 

insured branches in Guam of 2 insured banks in California and 

Hawaii, for 5 insured branches in New York of 2 insured banks in 

Puerto Rico, for 15 insured branches in Puerto Rico and for 4 

insured branches in the Virgin Islands of insured banks in New 

York are not available.

The uniform Report of Income and Dividends (formerly called 

Report of Earnings and Dividends) was revised extensively in 1961. 

New items were added, combining components previously included 

in other items; and some items were subsumed into new categories. 

Thus certain items, even carrying the same designation (e.g. other 

current operating expenses), are not comparable with data reported 

for prior years.

The revised form breaks out the following items not previously 

available separately: (1) benefits to officers and other employees; 

(2) net occupancy expense of bank premises, with a supporting 

schedule; (3) furniture and equipment expense (including costs 

related to the purchase or rental of automated data processing 

systems); and (4) losses on securities sold.

Two expense items previously reported separately have been combined with other items: (1) taxes other than on net income; and

(2) recurring depreciation on banking house, furniture and fixtures. 

Taxes on bank premises, social security taxes paid in behalf of 

building employees, and recurring depreciation on banking house 

are now included under occupancy expense of bank premises. Other 

social security taxes are included with officer and employee benefits. 

Recurring depreciation on furniture and fixtures is now included with 

furniture and equipment expense.

Revenue and expenses incident to “ Federal funds” transactions 

have been classified as “ Interest and discount on loans” and “ Interest and discount on borrowed money,” respectively.

In addition to other minor changes in classification, new designations have been given to certain items. For example, the term “ net 

income” is the new equivalent of the former term “ net profits.” A 

further change entailed the division of officers and other employees 

into two groups: those engaged in banking operations, and those 

concerned with building operations.

Mutual savings banks

The present report of income and dividends for mutual savings 

banks was first used by the Corporation for the calendar year 1951. 

For a discussion of the history and principles of this report see pp. 

50-52 in Part Two of the 1951 Annual Report.

Sources of data

National banks and State banks in the District of Columbia not 

members of the Federal Reserve System: Office of the Comptroller 

of the Currency.

State banks members of the Federal Reserve System: Board of 

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

INCOME OF INSURED BANKS 193

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 113. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), 1956-1964

(Am ounts in thousands of dollars)

Incom e ite m 1956 1957 195 8 1959 196 0 1961 1962 1963 1964

Current operating revenue—total................................................. 7,231,921

1,342,842

370,045

4,339,866

8,050,416 8,500,949 9,669,352 10,723,545 11,069,604 12,218,959 13,509,713 15,024,487

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ................................. 1,442,379 1,544,023 1,732,174 1,790,341 1,901,732 2,093,207 2,176,454 2,240,389

In te re s t and d ivid e n d s on o th e r s e c u ritie s ................................ 412,497 501,978 546,253 578,783 629,134 759,030 921,060 1,085,334

In te re s t and d is c o u n t on lo a n s ....................................................... 4,879,676 5,046,782 5,856,688 6,698,655 6,891,442 7,578,200 8,516,837 9,612,079

Service charges and fees on lo a n s ................................................

S ervice charges on d e p o sit a c c o u n ts ...........................................

73,562

385,927

83,815

440,892

94,674

486,507

111,991

531,916

108,655

589,954

117,259

630,458

139,645

681,243

155,478

728,857

173,159

781,405

O ther charges, com m issions, fees, e tc ........................................

T ru s t d e p a rtm e n t ....................................................................

168,497

322,117

186,815

354,520

191,408

379,395

205,935

426,016

218,566

460,251

223,283

502,871

237,446

543,916

248,362

573,252

280,289

629,694

O ther c u rre n t o p e ra tin g re v e n u e .................................................... 229,068 249,828 256,183 258,381 278,340 473,425 >186,272 ‘189,413 >222,138

Current operating expenses—total.............................................. 4,457,198 5,119,182 5,612,723 6,264,207 6,932,820 7,440,492 8,589,177 9,714,980 10,897,460

Salaries— o ffic e rs ................................................................................... 720,866 773,769 827,142 892,657 966,643 21,028,869 21,098,146 21,183,264 21,284,140

Salaries and wages— o th e r e m p lo y e e s ........................................

O fficer and em ployee b e n e fits ........................................................

1,372,262

(3)

1,493,778

(3)

1,573,330

(3)

1,684,159

(3)

1,831,323

(3)

21,869,961 

377,494

21,975,406 

419,098

22 ,101,111 

457,033

22,234,922 

490,732

Fees paid to d ire cto rs and c o m m itte e s ....................................... 42,614 45,396 48,271 51,866 56,292 59,794 63,236 67,469 72,176

In te re s t on tim e and savings d e p o s its ........................................ 805,857 1,141,715

49,538

1,380,575 1,580,250 1,785,086 2,106,645 2,845,283 3,464,308 4,088,061

In te re s t on borrow ed m o n e y ............................................................ 45,392 24,161 78,350 87,385 37,997

(4)

64,325

(4)

106,517

(4)

127,277

Taxes o th e r th a n on ne t in c o m e ..................................................... 187,526 205,903 221,571 252,763 285,801 (4)

R e curring de p re cia tio n on b a n kin g house, fu rn itu re and 

fix tu re s ................................................................................................... 128,085 146,262 168,371 191,424 212,493 (5) (5) (6) (5)

O ccupancy expense o f ban k p re m ise s— n e t.............................

F u rn itu re a nd e q u ip m e n t..................................................................

(6)

(7)

(6)

(7)

(6)

(7)

(6)

(7)

(6)

(7)

510,691

224,852

555,670

267,885

608,462

311,518

670,243

362,301

O ther c u rre n t o p e ra tin g e xp e n se s .......................... .................. 1,154,600 1,262,823 1,369,305 1,532,739 1,707,797 81,224,189 *1,300,128 81,415,298 81,567,608

Net current operating earnings..................................................... 2,774,724 2,931,235 2,888,223 3,405,145 3,790,725 3,629,112 3,629,782 3,794,733 4,127,027

Recoveries, transfers from valuation reserves, and profits—

t o t a l................. .................................................................. 250,171 198,413 868,115 328,889 574,826 708,171 467,061 468,450 322,104

On securities:

P ro fits on se c u ritie s sold o r re d e e m e d ................................... 31,151

14,090

64,368 681,554 47,277 329,322 453,730 256,987 167,445 74,723

R ecoveries .......................................................................................... 9,295 9,646 27,946 12,927 9,934 6,241 4,046 6,633

T ra n sfe rs fro m va lu a tio n reserves 41,001

20,762

20,751

21,183

57,145 111,447 55,568 86,574 56,761 60,516 57,284

On loans:

R e coveries............................................................................................ 22,439 20,551 25,684 16,825 16,902 17,913 17,383

T ra n sfe rs fro m va lu a tio n re s e rv e s ............................................. 77,606 39,757 42,158 57,607 70,211 51,817 56,610 131,235 62,313

All o th e r..................................................................................................... 65,563 43,063 55,176 64,062 81,114 89,291 73,560 87,295 103,768

Losses, charge-offs, and transfers to valuation reserves—

total............................................................................................... 993,534

1 317,381

757,432

237,480

783,213

93,657

1,361,515

745,081

978,422

219,767

935,461 836,665 883,637 1,017,299

On securities:

Losses on se cu ritie s s o ld ............................................................... / 44,290 58,939 49,887 88,397

C harge-offs p rio r to s a le ................................................................. \21,354 12,603 12,827 11,256

T ra n sfe rs to valua tion re s e rv e s .................................................. 101,830 84,996 268,159 168,003 156,232 224,678 95,039 63,530 72,213

On loans:

Losses and ch a rg e -o ffs ................................................................... 32,018 25,636 25,053 25,459 35,760 31,194 30,107 29,588 32,385

T ra n sfe rs to valua tion re s e rv e s .................................................. 452,940 321,870 282,227 318,965 451,667 481,200 528,710 609,059 666,040

All o th e r ......................................................................................... 89,369 87,452 114,117 104,006 114,996 132,745 111,267 118,746 147,008

Net income before related taxes.................................................. 2,031,360 2,372,217 2,973,128 2,372,519 3,387,129 3,401,822 3,260,178 3,379,546 3,431,832

194 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total...........................................................

F ed era l......................................................................................................

S ta te ...........................................................................................................

Net income after related taxes.....................................................

Dividends and interest on capital—total...................................

Cash d iv id e n d s de cla re d on co m m o n s to c k .............................

D ividends d e cla re d on p re fe rre d sto ck and in te re s t on 

ca p ita l no te s a nd d e b e n tu re s .....................................................

Net additions to capital from income.........................................

814,636

769,843

44,793

998,397

947,998

50,401

1,271,459

1,198,890

72,570

884,458

832,797

51,661

1,384,397

1,300,940

83,457

1,406,102

1,317,292

88,810

1,256,382

1,159,725

96,657

1,226,783

1,130,629

96,154

1,148,203

1,050,624

97,579

1,216,725 1,373,821 1,701,667 1,448,061 2,002,732 1,995,720 2,003,796 2,152,763 2,283,629

616,890

614,501

2,389

678,101

675,867

2,234

725,866

723,500

2,366

776,386

774,167

2,219

831,546

829,522

2,024

895,053

893,230

1,823

941,189

939,426

1,763

993,374

990,039

3,335

1,088,310

1,062,561

25,749

599,835 695,720 975,802 711,675 1,171,186 1,100,667 1,062,607 1,159,389 1,195,319

Memoranda

Recoveries c re d ite d to valua tion reserves (n o t included in 

recoveries above):

On s e c u rite s ............................................................................................

On lo a n s ....................................................................................................

Losses cha rg e d to valua tion reserves (rvot included in losses 

above):

On s e c u ritie s ...........................................................................................

On lo a n s ....................................................................................................

3,332

42,717

95,505

123,529

2,646

50,824

74,529

117,937

10,410

69,073

19,741

127,515

5,585

73,790

207,061

122,315

18,294

68,232

47,716

264,405

9,911

73,844

22,463

249-500

4,714

84,863

16,305

238,825

6,216

96,897

17,314

323,475

4,515

157,791

43,683

394,181

Average assets and liabilities9

Assets—total......................................................................................

Cash and due fro m b a n k s ................................................................

U n ite d S ta te s G o ve rn m e n t o b lig a tio n s .......................................

O th e r s e c u ritie s .....................................................................................

Loans and d is c o u n ts ...........................................................................

All o th e r a s s e ts ......................................................................................

Liabilities and capital—total.........................................................

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

Demand deposits..................................................

Time and savings deposits...................................................

B orrow ings an d o th e r lia b ilitie s .....................................................

Total capital a c c o u n ts .................................................

209,712,780

45,728,691

58,257,149

16,179,498

86,291,628

3,255,814

214,790,440

45,474,318

57,238,574

16,725,206

91,493,989

3,858,353

228,359,687

46,766,041

62,355,819

19,237,561

95,666,835

4,333,431

237,577,389

46,881,654

61,878,548

20,284,525

103,872,351

4,660,311

246,776,722

49,317,003

57,773,429

20,092,632

114,275,450

5,318,208

254,198,199

46,613,211

61,792,135

21,660,321

117,969,985

6,162,547

274,220,778

49,438,670

64,519,914

25,761,084

127,789,110

6,712,000

298,940,778

50,997,566

64,058,431

31,421,875

145,028,233

7,434,673

325,490,626

54,449,343

61,439,390

36,360,062

164,816,703

8,425,128

209,712,780

190,786,522

1 39 ,6 9 0 ,4 3 2

5 1 ,0 9 6 ,0 9 0

3,372,960

15,553,298

214,790,440

193,993,484

1 3 9 ,0 2 3 ,5 9 7

5 4 ,9 6 9 ,8 8 7

4,242,293

16,554,663

228,359,687

206,196,015

1 4 3 ,8 1 3 ,4 7 5

6 2 ,3 8 2 ,5 4 0

4,440,097

17,723,575

237,577,389

213,428,979

1 4 6 ,5 9 9 ,7 4 5

6 6 ,8 2 9 ,2 3 4

5,410,250

18,738,160

246,776,722

220,099,028

1 5 0 ,4 5 1 ,4 8 1

6 9 ,6 4 7 ,5 4 7

6,712,522

19,965,172

254,198,199

225,214,703

1 4 7 ,5 5 6 ,1 7 5

7 7 ,6 5 8 ,5 2 8

7,694,509

21,288,987

274,220,778

243,319,550

1 5 3 ,8 4 9 ,4 9 4

8 9 ,4 7 0 ,0 5 6

8,197,420

22,703,808

298,940,778

264,069,489

1 5 9 ,5 6 1 ,9 7 3

1 0 4 ,5 0 7 ,5 1 6

10,587,389

24,283,900

325,490,626

287,988,560

1 6 8 ,3 8 2 ,1 2 2

1 1 9 ,6 0 6 ,4 3 8

11,110,692

26,391,374

N u m b e r o f em ployees (in c lu d in g b u ilding em ployees), 

D ecem ber 31:

A ctive o ffic e rs ........................................................................................

O ther e m p lo y e e s ..................................................................................

88,462

433,563

91,597

452,218

95,308

457,023

98,934

481,666

103,211

506,596

107,279

526,101

112,458

543,695

117,147

531,820

124,351

578,307

N u m b e r o f banks, D ecem ber 3 1 ....................................................... 13,218 13,165 13,124 13,114 13,126 13,115 13,124 13,291 13,493

1 Excludes rentals from bank premises; included with “ Occupancy expense of bank premises— net.”

2 Excludes compensation of building officers and other employees; included with "Occupancy expense of bank premises— net.”

3 Included with “ Other current operating expenses” , except Social Security taxes paid on bank's account which were included with “ Taxes other than on net income.”

4 Included with “ Officer and employee benefits” , “ Occupancy expense of bank premises— net", and "Other current operating expenses.”

5 Included with "Occupancy expense of bank premises— net” , and “ Furniture and equipment.”

6 Included with "Taxes other than on net income," “ Recurring depreciation on banking house, Furniture and fixtures,” and “ Other current operating expenses.”

7 Included with "Recurring depreciation on banking house, furniture and fixtures” , and “ Other current operating expenses.”

8 Not comparable with amounts reported for previous years; see footnotes 3,4,6, and 7.

9 For 1956 through 1960 and for 1964, averages of amounts reported at beginning, middle, and end of year. For 1961 and 1962, averages of amounts for four consecutive official call dates beginning with the end of 

the previous year and ending with the fall call of the current year. For 1963 averages of amounts reported at 1962 year-end, 1963 spring, mid-year, and year-end calls.

Note: Due to rounding differences, data for 1956-1959 may not add to totals.

Back figures, 1934-1955: See the following Annual Reports: 1955, pp. 134-135; 1950, pp. 250-251; and 1941, pp. 158-159.

INCOME OF INSURED BANKS 195

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 114. RATIOS OF INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), 1956-1964

Incom e ite m 1956 1957 195 8 1959 196 0 1961 1962 1963 1964

Amounts per $100 of current operating revenue

Current operating revenue—total............................................................................................................. $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

17.18

5.68

63.31

$100.00

17.13

6.21

63.16

$100.00

16.11

6.82

64.19

$100.00

14.91

7.22

65.13

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ....................................................................................................

In te re s t and d ivid e n d s on o th e r s e c u ritie s ..................................................................................................

Incom e on lo a n s ......................................................................................................................................................

18.57

5.12

61.03

17.92

5.12

61.65

18.16

5.91

60.48

17.91

5.65

61.73

16.69

5.40

63.48

Service charges on d e p o sit a c c o u n ts ............................................................................................................. 5.33 5.48 5.72 5.50 5.50 5.70 5.58 5.39 5.20

O th e r charges, com m issions, fees, e tc ..........................................................................................................

O ther c u rre n t o p e ra tin g re v e n u e .....................................................................................................................

2.33

7.62

2.32

7.51

2.25

7.48

2.13

7.08

2.04

6.89

2.02 

*6.11

1.94

>5.98

1.84

*5.65

1.87

'5.67

Current operating expenses—total.......................................................................................................... 61.63 63.59 66.02 64.78 64.65 67.22 70.29 71.91 72.53

Salaries, wages, and fe e s ....................................................................................................................................

O ffice r and em ployee b e n e fits ..........................................................................................................................

29.53

(3)

28.73

(3)

28.80

(3)

16.24

2.61

27.19

(3)

26.62

(3)

226.73 

3.41

225 . 67 

3.43

224.81 

3.38

223.90

3.27

In te re s t on tim e and savings d e p o s its ..........................................................................................................

Taxes o th e r th a n on n e t in c o m e .......................................................................................................................

11.14

2.60

14.18

2.56

16.34

2.61

16.65

2.66

19.03

(4)

23.28

(4)

25.64

(4)

27.21

(4)

R e curring d e p re cia tio n on b a n kin g house, fu rn itu re and fix tu re s ....................................................

O ccupancy expense o f ban k p re m ise s— n e t...............................................................................................

1.77

(«)

1.82

(6)

1.98

(6)

1.98

(6)

1.98

(6)

(7)

16.74

(5)

4.61

(5)

4.55

(6)

4.50

(6)

4.46

F u rn itu re and e q u ip m e n t................................................................................................................ ................

O th e r c u rre n t o p e ra tin g e x p e n s e s ..................................................................................................................

(7)

16.59

(7)

16.30

(7)

16.39

(7)

16.66

2.03

*11.41

2.19

*11.17

2.31

*11.27

2.41

*11.28

Net current operating earnings................................................................................................................. 38.37 36.41 33.98 35.22 35.35 32.78 29.71 28.09 27.47

Amounts per $100 of total assets9

C u rre n t o p e ra tin g revenue— to ta l..................................................................................................................... 3.45 3.74 3.72 4.07 4.35 4.35 4.45 4.52 4.62

C u rre n t o p e ra tin g expenses— to ta l.................................................................................................................. 2.13 2.38 2.46 2.64 2.81 2.92 3.13 3.25 3.35

N et c u rre n t o p e ra tin g e a rn in g s ......................................................................................................................... 1.32 1.36 1.26 1.43 1.54 1.43 1.32 1.27 1.27

Recoveries, tra n s fe rs fro m v a lu a tio n reserves, and p ro fits— to ta l..................................................... .12 .09 .38 .14 .23 .28 .17 .16 .10

Losses, ch a rg e -o ffs, and tra n s fe rs to va lu a tio n reserves— to ta l......................................................... .47 .35 .34 .57 .40 .37 .30 .30 .32

N e t incom e be fo re related ta x e s ...................................................................................................................... .97 1.10 1.30 1.00 1.37 1.34 1.19 1.13 1.05

N et incom e a fte r related ta x e s .......................................................................................................................... .58 .64 .75 .63 .81 .79 .73 .72 .70

Amounts per $100 of total capital accounts9

N e t c u rre n t o p e ra tin g e a rn in g s ......................................................................................................................... 17.84 17.71 16.30 18.17 18.99 17.05 15.99 15.63 15.64

Recoveries, tra n s fe rs fro m va lu a tio n reserves, and p ro fits— to ta l.....................................................

Losses, ch arge-offs, and tra n s fe rs to v a lu a tio n reserves— to ta l.........................................................

N e t incom e before related ta x e s ................................................. . . .

1.61

6.39

13.06

1.20

4.58

14.33

4.89

4.42

16.77

1.76

7.27

12.66

2.88

4.90

16.97

3.32

4.39

15.98

2.06

3.69

14.36

1.93

3.64

13.92

1.22

3.86

13.00

Taxes on n e t in c o m e .............................................................................................................................................. 5.24 6.03 7.17 4.72 6.94 6.61 5.53 5.06 4.35

N et incom e a fte r related ta x e s ..................................................... 7.82 8.30 9.60 7.94 10.03 9.37 8.83 8.86 8.65

Cash d ivid e n d s d e c la re d ........................................................................... .......... ........................ 3.96 4.10 4.09 4.14 4.16 4.20 4.15 4.09 4.12

N e t a d d itio n s to capital fro m in c o m e ............................................................................................................. 3.86 4.20 5.51 3.80 5.87 5.17 4.68 4.77 4.53

Special ratios9

Incom e on loans per $ 1 0 0 o f lo a n s ..................................................... ........................ 5.11 5.42 5.37 5.75 5.96 5.94 6.04 5.98 5.94

Incom e on U. S. G overnm e nt obligations per $ 1 0 0 o f U. S. G overnm ent o b lig a tio n s...............

Incom e on o th e r securities per $ 1 0 0 o f o th e r s e c u ritie s ......................................................................

Service charges per $ 1 0 0 o f dem and d e p o s its .........................................................................................

2.31

2.29

.28

2.52

2.47

.32

2.48

2.61

.34

2.80

2.69

.36

3.10

2.88

.39

3.08

2.90

.43

3.24

2.95

.44

3.40

2.93

.46

3.65

2.98

.46

In te re s t paid per $ 1 0 0 o f tim e and savings d e p o s its ............................................................................. 1.58 2.08 2.21 2.36 2.56 2.71 3.18 3.31 3.42

196 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Assets and liabilities per $100 of total assets

Assets—total.......................................................................

Cash and due fro m b a n k s ................................................

U n ited S tates G o ve rn m e n t o b lig a tio n s .......................

O ther s e c u ritie s .....................................................................

Loans and d is c o u n ts ...........................................................

All o th e r a s s e ts ......................................................................

Liabilities and capital—total...........................................

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

Demand deposits.............................................................

Time and savings deposits................................................

B o rrow ings and o th e r lia b ilitie s .....................................

T otal capital a c c o u n ts ........................................................

N u m b e r o f banks, D e cem b er 3 1 .......................................

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

21.81 21.17 20.48 19.73 19.98 18.34 18.03 17.06 16.73

27.78 26.65 27.31 26.05 23.41 24.31 23.53 21.43 18.87

7.71 7.79 8.42 8.54 8.14 8.52 9.39 10.51 11.17

41.15 42.60 41.89 43.72 46.31 46.41 46.60 48.51 50.64

1.55 1.79 1.90 1.96 2.16 2.42 2.45 2.49 2.59

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

90.97 90.32 90.30 89.83 89.19 88.60 88.73 88.34 88.48

6 6 .6 1 6 4 .7 3 6 2 .9 8 6 1 .7 0 6 0 .9 7 5 8 .0 5 5 6 .1 0 5 3 .3 8 5 1 .7 3

2 4 .3 6 2 5 .5 9 2 7 .3 2 2 8 .1 3 2 8 .2 2 3 0 .5 5 3 2 .6 3 3 4 .9 6 3 6 .7 5

1.61 1.97 1.94 2.28 2.72 3.03 2.99 3.54 3.41

7.42 7.71 7.76 7.89 8.09 8.37 8.28 8.12 8.11

13,218 13,165 13,124 13,114 13,126 13,115 13,124 13,291 13,493

1 Excludes rentals from bank premises; included with “ Occupancy expense of bank premises— net.”

2 Fxc,lu,de! comPensation of building officers and other employees; included with “ Occupancy expense of bank premises— net.”

3 nc uded with “ Other current operating expenses” , except Social Security taxes paid on bank’s account which were included with "Taxes other than on net income ” 

included with Officer and employee benefits , ‘ Occupancy expense of bank premises— net,” and “ Other current operating expenses ”

5 Included with ^Occupancy expense of bank premises— net", and “ Furniture and equipment.”

6 Included with “ Taxes other than on net income," “ Recurring depreciation on banking house, furniture and fixtures,” and “ Other current operating expenses.”

Included with Recurring depreciation on banking house, furniture and fixtures” , and “ Other current operating expenses.”

8 Not comparable with amounts reported for previous years; see footnotes, 3,4,6, and 7.

th» r.K !^ i,ave,Ia? . l 0f amT ts reported at beginning, middle, and end of year. For 1961 and 1962, averages of amounts for four consecutive official call dates beginning with the end of

the previous year and ending with the fall call of the current year. For 1963 averages of amounts reported at 1962 year-end, 1963 spring, mid-year, and year-end calls.

Back figures, 1934-1955: See the following Annual Reports; 1955, pp. 136-137; 1950, pp. 252-253; and 1941, pp. 160-161.

INCOME OF INSURED BANKS 197

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 115. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), 1964

BY CLASS OF BANK

(Am ounts in thousand s of dollars)

Incom e ite m Total

M em b e rs F.R. System N ot 

m e m b e rs 

F.R. System

O peratin g 

th ro u g h o u t 

th e year

O perating 

less than 

N ational State fu ll year

Current operating revenue—total...................................................................................... 15,024,487 8,147,698 4,227,943 2,648,846 14,880,868 143,619

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ........................................................................... 2,240,389 1,189,736 551,394 499,259 2,219,652 20,737

In te re s t and d ivid e n d s on o th e r s e c u ritie s ......................................................................... 1,085,334 601,677 309,504 174,153 1,075,504 9,830

In te re s t and d is c o u n t on lo a n s ................................................................................................ 9,612,079 5,276,368 2,694,442 1,641,269 9,520,740 91,339

Service charges and fe e s on lo a n s ......................................................................................... 173,159 93,734 46,696 32,729 171,112 2,047

S ervice charges on d e p o s it a c c o u n ts .................................................................................... 781,405 441,409 165,784 174,212 775,515 5,890

O th e r charges, co m m issio n s, fees, e tc ................................................................................. 280,289 133,259 73,925 73,105 277,599 2,690

T ru s t d e p a rtm e n t........................................................................................................................... 629,694 290,331 311,024 28,339 620,722 8,972

O th e r c u rre n t o p e ra tin g re v e n u e ............................................................................................ 222,138 121,184 75,174 25,780 220,024 2,114

Current operating expenses—to tal.................................................................................... 10,897,460 5,904,713 2,983,328 2,009,419 10,783,527 113,933

S alaries— o ffic e rs ............................................................................................................................ 1,284,140 664,841 302,311 316,988 1,269,126 15,014

Salaries and wages— o th e r e m p lo y e e s ................................................................................. 2,234,922 1,210,766 659,052 365,104 2,211,747 23,175

O ffice r and em ployee b e n e fits ................................................................................................. 490,732 266,022 153,407 71,303 486,775 3,957

Fees paid to d ire cto rs and c o m m itte e s ................................................................................ 72,176 33,447 12,393 26,336 71,427 749

In te re s t on tim e and savings d e p o s its ................................................................................. 4,088,061 2,262,724 1,120,800 704,537 4,055,304 32,757

In te re s t on borrow ed m o n e y ..................................................................................................... 127,277 63,477 58,577 5,223 126,073 1,204

O ccupancy expense o f ban k prem ises— n e t...................................................................... 670,243 350,823 198,642 120,778 662,300 7,943

F u rn itu re and e q u ip m e n t........................................................................................................... 362,301 206,210 90,307 65,784 358,010 4,291

O th e r c u rre n t o p e ra tin g e xp e n se s.......................................................................................... 1,567,608 846,403 387,839 333,366 1,542,765 24,843

Net current operating earnings.......................................................................................... 4,127,027 2,242,985 1,244,615 639,427 4,097,341 29,686

Recoveries, transfers from valuation reserves, and profits—total...........................

On securities:

322,104 168,623 106,143 47,338 315,365 6,739

P ro fits on se cu ritie s sold o r re d e e m e d ............................................................................ 74,723 43,318 14,975 16,430 73,549 1,174

R ecoveries..................................................................................................................................... 6,633 1,564 3,909 1,160 6,592 41

T ra n sfe rs fro m valua tion re s e rv e s ......................................................................................

On loans:

57,284 39,214 14,764 3,306 56,400 884

R ecoveries..................................................................................................................................... 17,383 7,640 2,729 7,014 17,296 87

T ra n sfe rs fro m valua tion re s e rv e s ..................................................................................... 62,313 19,288 37,097 5,928 60,883 1,430

All o th e r .............................................................................................................................................. 103,768 57,599 32,669 13,500 100,645 3,123

Losses, charge-offs, and transfers to valuation reserves—total................................

On securities:

1,017,299 556,940 288,273 172,086 1,004,288 13,011

Losses on securities s o ld ........................................................................................................ 88,397 49,738 29,947 8,712 87,711 686

C harge-offs prio r to s a le .......................................................................................................... 11,256 4,442 3,936 2,878 10,170 1,086

T ra n sfe rs to valuation reserves. ........................................................................................

On loans:

72,213 41,340 23,920 6,953 71,337 876

Losses and ch a rg e -o ffs ............................................................................................................ 32,385 13,465 3,380 15,540 32,171 214

T ra n sfe rs to valua tion re s e rv e s ........................................................................................... 666,040 365,585 186,211 114,244 658,841 7,199

All o th e r.............................................................................................................................................. 147,008 82,370 40,879 23,759 144,058 2,950

Net income before related taxes........................................................................................ 3,431,832 1,854,668 1,062,485 514,679 3,408,418 23,414

198 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total.................................................................................................

F e d e ra l................................................................................................................................................

1,148,203

1,050,624

97,579

631,172

579,742

51,430

364,573

328,570

36,003

152,458

142,312

10,146

1,136,593

1,039,385

97,208

11,610

11,239

S tate .................................................................................................................................................... 371

Net income after related taxes...........................................................................................

Dividends and interest on capital—total.........................................................................

Cash d ivid e n d s d ecla red on co m m o n s to c k ......................................................................

D ividends decla red on p re fe rre d stock and in te re st on capital notes and 

d e b e n tu re s ...........................................................................................................................

2,283,629 1,223,496 697,912 362,221 2,271,825 11,804

1,088,310

1,062,561

25,749

603,022

591,695

11,327

356,298

343,355

12,943

128,990

127,511

1,479

1,076,324

1,051,750

24,574

11,986

10,811

1,175

Net additions to capital from income............................................................................... 1,195,319 620,474 341,614 233,231 1,195,501 - 182

N u m b e r o f b a n kin g em ployees (exclusive o f b u ilding em ployees), Decem ber 3 1 : 

A ctive o ffic e rs ................................................................................................................................. 124,005

546,771

62,775

300,976

24,205

142,498

37,025

103,297

122,476

540,633

1,529

O th e r e m p lo y e e s ............................................................................................................................ 6,138

Memoranda

R ecoveries cre d ite d to v a lu a tio n reserves (n o t inclu ded in recoveries above):

On s e c u ritie s .................................................................................................................................... 4,515

157,791

43,683

394,181

2,553

105,995

32,320

225,854

1,583

33,418

9,710

94,052

379

18,378

1,653

74,275

4,509

156,960

43,048

391,712

6

831

635

2,469

On lo a n s .............................................................................................................................................

Losses ch a rg e d to va lu a tio n reserves (n o t included in losses above):

On s e c u ritie s ....................................................................................................................................

On lo a n s .............................................................................................................................................

Occupancy expense of bank premises

Occupancy expense of bank premises, net—total.........................................................

R ental and o th e r in c o m e ........................... .................................................................................

Occupancy expense of bank premises, gross—total....................................................

S alaries— b u ild in g d e p a rtm e n t o ffic e rs ................................................................................

Salaries and wages— b u ild in g d e p a rtm e n t em ployee s..................................................

B u ilding d e p a rtm e n t personn el b e n e fits .............................................................................

R e curring d e p re c ia tio n ................................................................................................................

M aintenance and re p a irs ............................................................................................................

Insurance and u tilitie s .................................................................................................................

R ents p a id .........................................................................................................................................

670,243

160,915

831,158

2,464

91,151

11,018

146.899

94,133

144,064

221,477

119,952

350,823

100,366

451,189

1,485

52,831

6,268

81,760

56,140

74,593

110,149

67,963

198,642

46,123

244,765

738

26,114

3,876

41,037

21,683

42,387

74,811

34,119

120,778

14,426

135,204

241

12,206

874

24,102

16,310

27,084

36,517

17,870

662,300

160,183

822,483

2,449

90,315

10,938

145,102

93,115

142,552

218,858

119,154

7,943

732

8,675

15

836

80

1,797

1,018

1,512

2,619

Taxes ................................................................................................................................................. 798

N u m b e r o f b u ild in g em ployees, D ecem ber 31:

O ffic e rs .......................................................... ................................................................................. 346

31,536

166

16,978

90

7,238

90

7,320

345

31,247

1

289O ther e m p lo y e e s ............................................................................................................................

N u m b e r o f banks, D ecem b er 3 1 ................................................................................................ 13,493 4,773 1,451 7,269 13,160 333

Note: For average asset and liability data, see Table 109, p. 186.

Back figures, 1934-1963: See Table 113, p.194-195, the Annual Report for 1963, pp. 156-157, and earlier reports.

INCOME OF INSURED BANKS 199

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 116. RATIOS OF INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), 1964

BY CLASS OF BANK

Incom e item

M em b e rs F.R. System Not

m em b ers

F.R.

System

Total

N ational State

Amounts per $100 of current operating revenue

Current operating revenue—total.................................................................................................................................................................. $100.00 $100.00 $100.00 $100.00

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s .............................................................................................................................................................. 14.91 14.60 13.04 18.85

In te re s t and d ivid e n d s on o th e r s e c u ritie s ............................................................................................................................................................. 7.22 7.38 7.32 6.57

Incom e on lo a n s ................................................................................................................................................................................................................. 65.13 65.91 64.83 63.20

Service charges on d e p o s it a c c o u n ts ........................................................................................................................................................................ 5.20 5.42 3.92 6.58

O th e r service charges, co m m issio n s, fees, e tc ..................................................................................................................................................... 1.87 1.64 1.75 2.76

O th e r c u rre n t o p e ra tin g re v e n u e ................................................................................................................................................................................ 5.67 5.05 9.14 2.04

Current operating expenses—total................................................................................................................................................................ 72.53 72.47 70.56 75.86

Salaries, wages, and fe e s ............................................................................................................................................................................................... 23.90 23.43 23.03 26.75

O ffice r and em ployee b e n e fits ..................................................................................................................................................................................... 3.27 3.26 3.63 2.69

In te re s t on tim e and savings d e p o s its ..................................................................................................................................................................... 27.21 27.77 26.51 26.60

O ccupancy expense o f ban k prem ises— n e t.......................................................................................................................................................... 4.46 4.31 4.70 4.56

F u rn itu re and e q u ip m e n t ............................ ........................................................................................................... 2.41 2.53 2.13 2.48

O th e r c u rre n t o p e ra tin g e x p e n s e s ............................................................................................................................................................................. 11.28 11.17 10.56 12.78

Net current operating earnings...................................................................................................................................................................... 27.47 27.53 29.44 24.14

Amounts per $100 of total assets1

C u rre n t o p e ra tin g revenue— to ta l ..................................................................................................... 4.62 4.56 4.46 5.08

C u rre n t o p e ra tin g expenses— to ta l ........................................................................................................................................................................... 3.35 3.30 3.15 3.85

N e t c u rre n t o p e ra tin g e a rn in g s ............................................................................................... 1.27 1.26 1.31 1.23

Recoveries, tra n s fe rs fro m valua tion reserves, and p ro fits — to ta l................................................................................................................... .10 .09 .11 .09

Losses, ch a rg e -o ffs, and tra n s fe rs to v a lu a tio n reserves— to ta l....................................................................................................................... .32 .31 .30 .33

N et incom e before related ta x e s .................................................. ..................................................................................................... 1.05 1.04 1.12 .99

N et incom e a fte r related ta x e s ................................................................. ........................................................................................................... .70 .69 .74 .69

Memoranda

Recoveries cre d ite d to valua tion reserves (n o t inclu ded in recoveries above):

On se curities .................................................................................................... ..................................................................................................... (2) (2) (2) (2)

On lo a n s ................................................................................................................................................................................................................................. .05 .06 .04 .04

Losses charged to valua tion reserves (n o t inclu ded in losses above):

On s e c u ritie s ........................................................................................................................................................................................................................ .01 .02 .01 ( 2)

On loans .................................................................................... ........................................................................................................... .12 .13 .10 .14

200 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
A m o u n ts p e r $ 1 0 0 o f to ta l c a p ita l a c c o u n ts 1

N et c u rre n t o p e ra tin g e a rn in g s .............................................................................................................

R ecoveries, tra n s fe rs fro m v a lu a tio n reserves, and p ro fits— to ta l.........................................

Losses, ch a rg e -o ffs, and tra n s fe rs to valua tion reserves— to ta l.............................................

N e t incom e before related ta x e s ..........................................................................................................

Taxes on n e t in c o m e ..................................................................................................................................

N et incom e a fte r ta x e s ..............................................................................................................................

Cash d ivid e n d s d e c la re d ..........................................................................................................................

N et a d d itio n s to ca p ita l fro m in c o m e .................................................................................................

M em o ran da

Recoveries cre d ite d to reserve a cco u n ts (n o t included in recoveries above):

On s e c u ritie s .............................................................................................................................................

On lo a n s ......................................................................................................................................................

Losses charged to reserve a cco u n ts (n o t included in losses above):

On s e c u ritie s ..............................................................................................................................................

On lo a n s .......................................................................................................................................................

S pecial ra tio s 1

In co m e on loans per $100 o f lo a n s ....................................................................................................

In co m e on U.S. G o ve rn m e n t o b lig a tio n s per $100 of U.S. G overnm ent o b lig a tio n s ___

Incom e on o th e r se cu ritie s pe r $100 of o th e r se c u ritie s ...........................................................

Service charges p e r $100 o f demand d e p o s its ..............................................................................

In te re s t paid pe r $100 of tim e and savings d e p o s its ..................................................................

O ccupancy expe nse o f b a n k p re m ise s per $ 1 0 0 o f c u rre n t o p e rating revenue 

O ccupancy expense o f b a n k p re m ise s, n e t— to ta l........................................................................

Rental and o th e r in c o m e ..........................................................................................................................

O ccupancy expe nse o f b a n k p re m ise s, gross— to ta l...................................................................

Salaries and wages— b u ild in g d e p a rtm e n t o ffice rs and em p lo ye e s...................................

B u ilding d e p a rtm e n t personnel b e n e fits ......................................................................................

R e curring d e p re c ia tio n .........................................................................................................................

M aintenance and re p a irs .....................................................................................................................

Insurance and u tilitie s ...................................................................................................................

R ents p a id ...................................................................................................................................................

T axe s.............................................................................................................................................................

N u m b e r o f banks, D ecem ber 31

1 For average asset and liability data, see Table 109, p. 186.

2 Less than .005.

Back figures, 1934-1963: See Table 114, p. 196-197, the Annual Report for 1963, pp. 158-159, and earlier reports.

15.64 15.70 16.15 14.54

1.22 1.18 1.37 1.07

3.86 3.90 3.74 3.91

13.00 12.98 13.78 11.70

4.35 4.42 4.73 3.46

8.65 8.56 9.05 8.24

4.12 4.22 4.62 2.94

4.53 4.34 4.43 5.30

.02 .02 .02 .01

.60 .74 .43 .42

.17 .23 .13 .04

1.49 1.58 1.22 1.69

5.94 5.94 5.59 6.57

3.65 3.63 3.60 3.74

2.98 2.97 3.02 2.96

.46 .48 .33 .69

3.42 3.42 3.52 3.27

4.46 4.31 4.70 4.56

1.07 1.23 1.09 .54

5.53 5.54 5.79 5.10

.62 .67 .64 .47

.07 .08 .09 .03

.98 1.00 .97 .91

.63 .69 .51 .62

.96 .92 1.00 1.02

1.47 1.35 1.77 1.38

.80 .83 .81 .67

13,493 4,773 1,451 7,269

INCOME OF INSURED BANKS 201

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AM O UN T OF DEPOSITS

Table 117. INCOME OF INSURED COMMERCIAL BANKS OPERATING THROUGHOUT 1964 IN THE UNITED STATES (STATES AND

OTHER AREAS)

Incom e item All

b a n k s 1

Banks w ith de p o sits o f— 2

Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

(Amounts in thousands of dollars)

Current operating revenue—total.......................... 14,880,868 25,109 158,010 724,740 1,027,912 1,657,211 1,073,610 1,055,087 2,905,144 6,254,045

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ........ 2,219,652 6,233 38,189 165,648 209,212 311,183 189,253 185,826 417,146 696,962

In te re s t and d iv id e n d s on o th e r s e c u ritie s ___ 1,075,504 878 7,438 43,488 73,844 121,622 78,836 78,288 198,244 472,866

In te re s t and d is c o u n t on lo a n s ............................. 9,520,740 15,238 96,198 443,262 632,457 1,023,018 665,982 656,628 1,873,949 4,114,008

Service charges and fe e s on lo a n s ...................... 171,112 111 711 4,376 7,145 16,451 12,668 12,779 36,770 80,101

Service charges on d e p o s it a c c o u n ts ................. 775,515 1,087 7,448 38,950 67,872 120,619 73,302 63,769 153,847 248,621

O ther charges, co m m issio n s, fees, e tc .............. 277,599 1,083 6,464 21,969 23,400 30,936 19,176 16,982 49,836 107,753

T ru s t d e p a rtm e n t........................................................ 620,722 158 73 766 4,761 18,046 24,104 30,748 142,986 399,080

O ther c u rre n t o p e ra tin g re v e n u e .......................... 220,024 321 1,489 6,281 9,221 15,336 10,289 10,067 32,366 134,654

Current operating expenses—total....................... 10,783,527 18,887 117,345 542,189 766,192 1,247,789 812,056 793,653 2,099,053 4,386,363

S alaries— o ffic e rs ......................................................... 1,269,126 6,684 34,454 117,965 130,395 173,747 102,020 92,575 225,380 385,906

S alaries and w ages— o th e r e m p lo y e e s .............. 2,211,747 2,111 14,101 77,870 126,466 231,957 161,928 159,291 470,426 967,597

O ffice r and em ployee b e n e fits .............................. 486,775 509 3,224 16,558 25,946 46,269 32,620 33,185 99,786 228,678

Fees paid to d ire c to rs and c o m m itte e s ............. 71,427 573 3,118 12,283 13,332 15,214 6,943 4,880 8,982 6,102

In te re s t on tim e and savings d e p o s its ............... 4,055,304 4,164 34,299 184,061 276,422 455,183 295,411 294,889 734,768 1,776,107

In te re s t on borrow ed m o n e y .................................. 126,073 39 155 721 949 2,549 2,689 4,609 20,400 93,962

O ccupancy expense of ban k p re m ise s— n e t . .. 662,300 1,071 5,856 29,163 44,010 74,662 51,183 49,629 127,452 279,274

F u rn itu re and e q u ip m e n t......................................... 358,010 459 3,251 16,609 25,196 41,916 27,213 29,124 80,675 133,567

O ther c u rre n t o p e ra tin g e x p e n s e s ....................... 1,542,765 3,277 18,887 86,959 123,476 206,292 132,049 125,471 331,184 515,170

Net current operating earnings............................. 4,097,341 6,222 40,665 182,551 261,720 409,422 261,554 261,434 806,091 1,867,682

Recoveries, transfers from valuation reserves,

and profits—total................................................ 315,365 859 3,299 12,882 19,309 26,956 18,306 22,029 63,101 148,624

On se cu ritie s:

P ro fits on se cu ritie s sold o r re d e e m e d .......... 73,549 82 533 3,614 6,921 9,704 6,543 6,684 13,665 25,803

R e co ve rie s.................................................................. 6,592 17 83 399 674 1,050 246 274 272 3,577

T ra n sfe rs fro m valua tion re s e rv e s .................. 56,400 1 84 360 727 2,670 1,358 2,679 9,572 38,949

On loans:

R e co ve rie s.................................................................. 17,296 534 1,694 4,687 4,027 2,170 1,223 805 1,211 945

T ra n sfe rs fro m valua tion re s e rv e s ................... 60,883 10 221 1,030 1,695 2,884 2,958 3,428 13,413 35,244

All o th e r ........................................................................... 100,645 215 684 2,792 5,265 8,478 5,978 8,159 24,968 44,106

Losses, charge-offs, and transfers to valuation

reserves—total....................................................

On securities:

Losses on se cu ritie s s o ld .....................................

C harge-offs p rio r to s a le .......................................

T ra n sfe rs to valua tion re s e rv e s ........................

On loans:

Losses and c h a rg e -o ffs .........................................

T ra n sfe rs to valua tion re s e rv e s ........................

All o th e r ...........................................................................

Net income before related taxes...........................

1,004,288

87,711

10.170 

71,337

32.171 

658,841 

144,058

1,616

59

27

16

1,096

235

183

8,614

224

152

91

3,543

3,294

1,310

40,814

1,646

1,493

628

9,604

20,968

6,475

62,057

2,982

2,248

1,200

7,848

37,980

9,799

101,055

5,531

2,190

3,678

6,253

69,942

13,461

65,597

5,064

559

2,237

1,434

48,353

7,950

64,914

5,338

335

3,330

605

45,677

9,629

188,547

17,008

380

11,937

1,670

131,245

26,307

471,074

49,859

2,786

48,220

118

301,147

68,944

3,408,418 5,465 35,350 154,619 218,972 335,323 214,263 218,549 680,645 1,545,232

202 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total.....................................

F e d e ra l.............................................................................

S ta te ..................................................................................

1,136,593

1,039,385

97,208

1,439

1,366

73

8,724

8,166

558

40,496

37,966

2,530

62,006

58,166

3,840

103,304

98,049

5,255

70,855

66,975

3,880

73,161

69,544

3,617

240,026

226,643

13,383

536,582

472,510

64,072

Net income after related taxes.............................. 2,271,825 4,026 26,626 114,123 156,966 232,019 143,408 145,388 440,619 1,008,650

Dividends and interest on capital—total............. 1,076,324 1,481 9,062 37,481 53,277 83,814 57,225 61,289 214,264 558,431

Cash d ivid e n d s decla re d on co m m o n s to c k ... 1,051,750 1,480

1

9,060 37,451 53,142 83,627 56,822 60,626 208,307 541,235

D ividends d ecla red on p re fe rre d sto ck and 

in te re s t on ca p ita l notes and d e b e n tu re s .... 24,574 2 30 135 187 403 663 5,957 17,196

Net additions to capital from income.................. 1,195,501 2,545 17,564 76,642 103,689 148,205 86,183 84,099 226,355 450,219

N u m b e r o f b a n kin g em ployee s (exclusive of 

b u ild in g em ployee s), D e cem b er 3 1 :

A ctive o ffic e rs ................................................................ 122,476 1,459 5,630 15,632 15,328 17,610 9,472 7,967 18,996 30,382

O th e r e m p lo y e e s .............................................., ......... 540,633 964 5,139 24,649 37,470 65,698 44,477 41,406 117,151 203,679

Memoranda

R ecoveries c re d ite d to v a lu a tio n reserves (n o t 

inclu d e d in recoveries above):

On s e c u ritie s .................................................................. 4,509

156,960

1 38 116 189 139 281 1,134

28,123

2,611

On lo a n s .......................................................................... 98 844 5,732 9,138 15,254 9,561 9,603 78,607

Losses charged to valua tion reserves (n o t in ­

cluded in losses above):

On s e c u ritie s .................................................................. 43,048

391,712

14 77 203 719 781 1,193

31,822

8,470

68,624

31,591

On lo a n s .......................................................................... 255 2,321 15,017 26,577 49,032 33,385 164,679

Occupancy expense of bank premises

Occupancy expense of bank premises, n e ttotal ........................................................................ 662,300 1,071 5,856 29,163 44,010 74,662 51,183 49,629 127,452 279,274

Rental and o th e r in c o m e ............................................. 160,183 54 469 2,777 4,171 9,598 10,496 15,292 52,312 65,014

Occupancy expense of bank premises, grosstotal ........................................................................ 822,483 1,125 6,325 31,940 48,181 84,260 61,679 64,921 179,764 344,288

Salaries— b u ild in g d e p a rtm e n t o ffic e rs ............. 2,449 1 10 41 38 56 85 197 727 1,294

Salaries and w ages— b u ild in g d e p a rtm e n t 

e m p lo y e e s .................................................................. 90,315 49 466 3,169 5,250 9,459 7,305 8,042 23,632 32,943

B u ilding d e p a rtm e n t personnel b e n e fits .......... 10,938 2 12 132 329 720 701 826 3,051 5,165

R e curring d e p re c ia tio n ............................................. 145,102 132 1,058 6,594 10,337 17,198 11,799 11,462 28,679 57,843

M aintenance and re p a irs ......................................... 93,115 177 988 4,180 5,980 10,760 7,544 7,949 19,581 35,956

Insurance and u tilitie s .............................................. 142,552 473 2,169 8,533 10,699 15,992 10,022 9,707 28,097 56,860

R ents p a id ...................................................................... 218,858 88 608 4,074 7,561 16,239 15,091 17,225 51,309 106,663

T a xe s................................................................................ 119,154 203 1,014 5,217 7,987 13,836 9,132 9,513 24,688 47,564

N u m b e r o f b u ild in g em ployees, D ecem ber 31: 

O ffic e rs ............................................................................. 345 9 32 37 14 14 16 25 64 134

O ther e m p lo ye e s.......................................................... 31,247 141 925 3,292 3,034 3,755 2,521 2,842 7,104 7,633

N u m b e r o f banks, D ecem ber 3 1 .............................. 13,160 639 1,999 4,271 2,878 2,098 607 308 283 77

1 This group of banks is the same as the group shown in Table 115 under the heading "Operating throughout the year” .

2 For asset and liability data, see Table 110, p. 187.

Back figures, 1941-1963: See the Annual Report for 1963, pp. 160-161, and earlier reports.

INCOME OF INSURED BANKS 203

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO A M O UN T OF DEPOSITS

Table 118. RATIOS OF INCOME OF INSURED COMMERCIAL BANKS OPERATING THROUGHOUT 1964 IN THE UNITED STATES (STATES

AND OTHER AREAS)

Ail

b a n k s 1

Banks w ith d ep osits of— 2

Incom e item Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Amounts per $100 of current operating

revenue

Current operating revenue—total.......................... $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ........ 14.92 24.82 24.17 22.86 20.35 18.78 17.63 17.61 14.36 11.14

In te re s t and d ivid e n d s on o th e r s e c u ritie s ___ 7.23 3.50 4.71 6.00 7.19 7.34 7.34 7.42 6.82 7.56

Incom e on lo a n s ........................................................... 65.13 61.13 61.33 61.77 62.22 62.72 63.21 63.45 65.77 67.06

S ervice charges on d e p o s it a c c o u n ts ................. 5.21 4.33 4.71 5.37 6.60 7.28 6.83 6.04 5.30 3.98

O th e r service charges, co m m issio n s, fees, etc. 1.86 4.31 4.09 3.03 2.28 1.87 1.79 1.61 1.71 1.72

O th e r c u rre n t o p e ra tin g re v e n u e ......................... 5.65 1.91 .99 .97 1.36 2.01 3.20 3.87 6.04 8.54

Current operating expenses—total....................... 72.47 75.22 74.26 74.81 74.54 75.29 75.64 75.22 72.25 70.14

Salaries, wages, and fe e s ......................................... 23.87 37.31 32.70 28.72 26.29 25.40 25.23 24.33 24.26 21.74

O ffice r a nd em ployee b e n e fits .............................. 3.27 2.03 2.04 2.28 2.52 2.79 3.04 3.15 3.43 3.66

In te re s t on tim e and saving s d e p o s its ............... 27.25 16.58 21.71 25.40 26.89 27.47 27.52 27.95 25.29 28.40

O ccupancy expense o f ban k p re m ise s— n e t . .. 4.45 4.26 3.70 4.02 4.28 4.50 4.77 4.70 4.39 4.47

F u rn itu re and e q u ip m e n t......................................... 2.41 1.83 2.06 2.29 2.45 2.53 2.53 2.76 2.78 2.13

O th e r c u rre n t o p e ra tin g e x p e n s e s ....................... 11.22 13.21 12.05 12.10 12.11 12.60 12.55 12.33 12.10 9.74

Net current operating earnings............................. 27.53 24.78 25.74 25.19 25.46 24.71 24.36 24.78 27.75 29.86

Amounts per $100 of total assets2

C u rre n t o p e ra tin g revenue— to ta l............................. 4.36 4.59 4.66 4.56 4.61 4.66 4.62 4.49 4.39 4.15

C u rre n t o p e ra tin g expenses— to ta l.......................... 3.16 3.45 3.46 3.41 3.44 3.51 3.49 3.38 3.17 2.91

N et c u rre n t o p e ra tin g e a rn in g s ................................. 1.20 1.14 1.20 1.15 1.17 1.15 1.13 1.11 1.22 1.24

Recoveries, tra n s fe rs fro m v a lu a tio n reserves,

and p ro fits — to ta l..................................................... .09 .16 .09 .08 .09 .07 .07 .09 .10 .10

Losses, ch a rg e -o ffs, and tra n s fe rs to v a lu a tio n

reserves— to ta l.......................................................... .29 .30 .25 .26 .28 .28 .28 .27 .29 .31

N et incom e b e fore related ta x e s .............................. 1.00 1.00 1.04 .97 .98 .94 .92 .93 1.03 1.03

N e t incom e a fte r related ta x e s .................................. .67 .74 .78 .72 .70 .65 .62 .62 .67 .67

Memoranda

R ecoveries c re d ite d to va lu a tio n reserves (n o t 

in clu d e d in recoveries above):

On s e c u ritie s .................................................................. (3)

.05

( 3)

.02

( 3)

.04

( 3)

.04

( 3) ( 3) ( 3) ( 3) ( 3)

On lo a n s ........................................................................... .02 .04 .04 .04 .04 .05

Losses charged to v a lu a tio n reserves (n o t in ­

c lu d e d in losses above):

On s e c u ritie s .................................................................. .01 ( 3) .01 .01 .02

.07

( 3)

.09

( 3) ( 3) ( 3)

On lo a n s ........................................................................... .11 .05 .12 .14 .14 .14 .10 .11

204 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Amounts per $100 of total capital

accounts2

N e t c u rre n t o p e ra tin g e a rn in g s ................................ 15.18 9.00 11.07 12.20 14.07 14.86 15.22 14.85 15.91 15.69

Recoveries, tra n s fe rs fro m v a lu a tio n reserves,

an d p ro fits — to ta l......................................................... 1.16 1.24 .89 .86 1.04 .98 1.07 1.25 1.24 1.25

Losses, ch a rg e -o ffs, and tra n s fe rs to v a lu a tio n

reserves— to ta l.............................................................. 3.72 2.34 2.34 2.72 3.34 3.67 3.82 3.68 3.72 3.96

N e t incom e b e fo re re la te d ta x e s .............................. 12.62 7.90 9.62 10.34 11.77 12.17 12.47 12.42 13.43 12.98

Taxes on n e t in c o m e ...................................................... 4.21 2.08 2.37 2.71 3.33 3.75 4.13 4.16 4.73 4.51

N e t incom e a fte r ta x e s .................................................. 8.41 5.82 7.25 7.63 8.44 8.42 8.34 8.26 8.70 8.47

Cash d ivid e n d s d e c la re d .............................................. 3.98 2.14 2.47 2.51 2.86 3.04 3.33 3.48 4.23 4.69

N e t a d d itio n s to ca pital fro m in c o m e ..................... 4.43 3.68 4.78 5.12 5.58 5.38 5.01 4.78 4.47 3.78

Memoranda

Recoveries c re d ite d to reserve a c c o u n ts (n o t

in clu d e d in re co ve rie s above):

On s e c u ritie s .................................................................. .02 ( 3)

.23

( 3)

.38

.01

.49

.01

.55

.01

.56

.02

.55

.02

.56

.02

On lo a n s ........................................................................... .58 .14 .66

Losses ch a rg e d to reserve a cco u n ts (n o t in ­

clu d e d in losses above):

On s e c u ritie s .................................................................. .16 ( 3)

.63

.01

1.00

.01

1.43

.03

1.78

.05

1.94

.07

1.81

.17

1.35

.27

On lo a n s ........................................................................... 1.45 .37 1.38

Special ratios2

Incom e on loan s per $ 1 0 0 o f lo a n s ........................ 5.60 6.70 6.51 6.35 6.25 6.13 5.93 5.81 5.60 5.25

Incom e on U. S. G o ve rn m e n t o b lig a tio n s per

$ 1 0 0 o f U. S. G o ve rn m e n t o b lig a tio n s .......... 3.58 3.55 3.54 3.56 3.62 3.65 3.64 3.66 3.57 3.52

Incom e on o th e r se cu ritie s per $ 1 0 0 o f o th e r

s e c u ritie s ..................................................................... 2.82 2.81 3.01 2.80 2.75 2.74 2.73 2.81 2.82 2.88

S ervice ch a rg e s p e r $ 1 0 0 o f d e m a n d d e p o s its ... .44 .32 .40 .48 .62 .70 .64 .54 .43 .31

In te re s t paid per $ 1 0 0 o f tim e and savings

d e p o s its ....................................................................... 3.21 2.96 2.97 2.97 2.99 3.02 3.06 3.13 3.16 3.41

Occupancy expense of bank premises

per $100 of current operating

revenue

Occupancy expense of bank premises, n e ttotal ........................................................................ 4.45 4.26 3.70 4.02 4.28 4.50 4.77 4.70 4.39 4.47

R ental and o th e r in c o m e .............................................. 1.08 .22 .30 .39 .41 .58 .98 1.45 1.80 1.04

Occupancy expense of bank premises, grosstotal........................................................................ 5.53 4.48 4.00 4.41 4.69 5.08 5.75 6.15 6.19 5.51

Salaries and w ages— b u ild in g d e p a rtm e n t

o ffice rs and e m p lo y e e s ......................................... .62 .20 .30 .44 .51 .57 .69 .78 .84 .55

B u ild in g d e p a rtm e n t personn el b e n e fits .......... .07 .01 .01 .02 .03 .04 .07 .08 .10 .08

R e cu rrin g d e p re c ia tio n ............................................. .98 .53 .67 .91 1.01 1.04 1.10 1.09 .99 .92

M a in te n a n ce and re p a irs ......................................... .63 .70 .63 .58 .58 .65 .70 .75 .67 .58

Insurance and u tilitie s .............................................. .96 1.88 1.37 1.18 1.04 .97 .93 .92 .97 .91

Rents p a id ....................................................................... 1.47 .35 .38 .56 .74 .98 1.41 1.63 1.77 1.71

T a xe s................................................................................. .80 .81 .64 .72 .78 .83 .85 .90 .85 .76

N u m b e r o f banks, D e cem b er 3 1 .............................. 13,160 639 1,999 4,271 2,878 2,098 607 308 283 77

1 This group of banks is the same as the group shown in Table 115 under the heading "Operating throughout the year” . These ratios differ slightly from the ratios for all insured commercial banks shown in Tables 

114 and 116.

2 For asset and liability data, see Table 110, p. 187.

3 Less than .005.

Back figures, 1941-1963: See the Annual Report for 1963, pp. 162-163, and earlier reports.

INCOME OF INSURED BANKS 205

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 119. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS), BY STATE, 1964

(Am ounts in thousands o f dollars)

Incom e ite m

Total

U n ite d

S tates

O ther areas 50 S tates 

and 

D.C.

A labam a Alaska A rizona A rkansa s C a lifornia Colorado C o nnectiPuerto c u t

Rico

Virgin

Islands

Current operating revenue—total...................... 15,024,487 42,212 1,640 14,980,635 143,444 17,925 114,462 85,980 1,853,867 148,745 176,905

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ... 2,240,389 3,139 220 2,237,030 24,205 2,700 9,122 12,991 196,804 21,127 18,580

In te re s t and d ivid e n d s on o th e r s e c u ritie s .. 1,085,334 1,742 25 1,083,567 11,090 552 5,119 8,341 104,228 6,210 12,487

In te re s t and d is c o u n t on lo a n s ........................ 9,612,079 30,205 1,116 9,580,758 89,744 11,183 83,035 55,445 1,265,854 96,201 112,384

S ervice charges and fe e s on lo a n s ................ 173,159 2,523 122 170,514 1,054 1,082 2,802 239 43,605 1,950 1,564

S ervice charges on d e p o s it a c c o u n ts ........... 781,405 1,385 29 779,991 9,418 1,531 8,671 4,737 125,098 12,714 11,571

O th e r charges, co m m issio n s, fees, e tc ........ 280,289 2,551 103 277,635 3,479 611 2,519 2,651 31,899 3,493 2,845

T ru s t d e p a rtm e n t................................................... 629,694 29 629,665 3,086 72 2,512 859 58,510 5,485 15,647

O th e r c u rre n t o p e ra tin g re v e n u e .................... 222,138 638 25 221,475 1,368 194 682 717 27,869 1,565 1,827

Current operating expenses—total.................. 10,897,460 34,300 1,181 10,861,979 100,119 13,853 90,249 61,836 1,406,895 113,576 127,926

S alaries— o ffic e rs .................................................... 1,284,140 3,994 110 1,280,036 15,122 2,232 10,637 10,594 141,997 15,496 17,324

Salaries and w ages— o th e r e m p lo y e e s ......... 2,234,922 7,946 283 2,226,693 20,511 3,509 19,873 10,899 296,753 22,150 32,211

O ffice r a n d e m ployee b e n e fits ......................... 490,732 1,337 50 489,345 3,794 510 3,627 2,285 58,943 4,130 7,531

Fees paid to d ire c to rs and c o m m itte e s 72,176 178 5 71,993 871 45 174 1,021 1,516 1,089 850

In te re s t on tim e and saving s d e p o s its ......... 4,088,061 11,021 493 4,076,547 34,850 3,836 32,058 19,649 606,840 39,404 33,386

In te re s t on borro w e d m o n e y ............................. 127,277 427 19 126,831 97 16 326 235 13,589 712 988

O ccupancy expe nse of ban k p re m is e s — n e t. 670,243 1,805 33 668,405 4,601 990 6,721 3,719 84,347 7,795 9,462

F u rn itu re and e q u ip m e n t.................................... 362,301 1,176 41 361,084 3,547 649 4,279 2,424 49,347 4,674 5,444

O th e r c u rre n t o p e ra tin g e x p e n s e s .................. 1,567,608 6,416 147 1,561,045 16,726 2,066 12,554 11,010 153,563 18,126 20,730

Net current operating earnings........................ 4,127,027 7,912 459 4,118,656 43,325 4,072 24,213 24,144 446,972 35,169 48,979

Recoveries, transfers from valuation reserves, and profits—to tal............................ 322,104 1,268 25 320,811 2,128 92 1,461 1,714 28,447 2,501 3,985

On s e cu ritie s:

P ro fits on se cu ritie s sold o r re d e e m e d . .. 74,723 791 73,932 1,203 18 733 492 5,469 501 1,526

R e co ve rie s............................................................. 6,633 6,633 15 1 7 3,165 47 2

T ra n s fe rs fro m va lu a tio n reserves 57,284 57,284 56 283 164 3,512 400 433

On loans:

R e co ve rie s....................... . . . 17,383 55 17,328 311 9 402 884 413 38

T ra n s fe rs fro m va lu a tio n reserves ......... 62,313 19 62,294 99 186 10,598 62 217

All o th e r...................................................................... 103,768 403 25 103,340 444 74 435 463 4,819 1,078 1,769

Losses, charge-offs, and transfers to valuation reserves—total..................................... 1,017,299 2,028 78 1,015,193 9,439 2,010 7,413 5,023 143,979 8,388 11,189

On securities:

Losses on se cu ritie s s o ld ................................ 88,397 322 88,075 414 80 316 287 8,875 745 1,472

C h arge-offs p rio r to s a le .................................. 11,256 11,256 99 1 143 35 147 4

T ra n sfe rs to valua tion re s e rv e s ................... 72,213 72,213 100 124 44 15,160 103 43

On loans:

Losses and c h a rg e -o ffs .................................... 32,385 414 31,971 627 15 604 1,691 966 44

T ra n sfe rs to valua tion re s e rv e s ................... 666,040 1,143 49 664,848 7,094 1,793 6,208 2,926 92,942 5,128 5,953

All o th e r...................................................................... 147,008 149 29 146,830 1,105 137 749 1,019 25,276 1,299 3,673

Net income before related taxes...................... 3,431,832 7,152 406 3,424,274 36,014 2,154 18,261 20,835 331,440 29,282 41,775

206 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total................................

F e d e ra l........................................................................

S ta te .............................................................................

1,148,203

1,050,624

97,579

794

490

304

130

130

1,147,279

1,050,004

97,275

12,172

10,732

1,440

736

722

14

7,122

6,677

445

5.386

5.386

125,327

95,241

30,086

11,832

10,198

1,634

16,068

12,647

3,421

Net income after related taxes.........................

Dividends and interest on capital—to tal.........

Cash d ivid e n d s d ecla red .on co m m o n sto ck. 

D ividends decla re d on p re fe rre d s to c k and 

in te re s t on ca p ita l notes and d e b e n tu re s .

Net additions to capital from income.............

2,283,629 6,358 276 2,276,995 23,842 1,418 11,139 15,449 206,113 17,450 25,707

1,088,310

1,062,561

25,749

2.098

2.098

1,086,212

1,060,463

25,749

9.421

9.421

565

565

6,541

6,294

247

4,659

4,647

12

128,339

120,276

8,063

8,362

8,213

149

13.073

13.073

1,195,319 4,260 276 1,190,783 14,421 853 4,598 10,790 77,774 9,088 12,634

N u m b e r o f b a n k in g em p lo ye e s (e xclu sive o f 

b u ild in g e m ployee s), D e cem b er 3 1:

A ctive o ffic e rs ...........................................................

O th e r e m p lo y e e s .....................................................

124,005

546,771

490

2,263

10

71

123,505

544,437

1,580

5,962

156

678

1,008

4,979

1,291

3,278

13,826

65,493

1,501

5,644

1,452

7,666

Memoranda

Recoveries c re d ite d to va lu a tio n reserves 

(n o t in clu d e d in recoveries above):

On s e c u ritie s ............................................................. 4,515

157,791

43,683

394,181

4,515

157,727

43,683

393,729

4

1,528

17

4,795

4

486

19

1,406

44

13,103

19,411

62,991

2

2,5261

6,068

7

1,055

231

3,309

On lo a n s ......................................................................

Losses ch a rg e d to va lu a tio n reserves (n o t 

in clu d e d in losses above):

On s e c u ritie s .............................................................

12 52 389 1,039

On lo a n s ...................................................................... 361 91 1,485 5,765

Occupancy expense of bank

premises

Occupancy expense of bank premises, n e t -

total ....................................................................

R ental and o th e r in c o m e ........................................

Occupancy expense of bank premises,

gross—total......................................................

S alaries— b u ild in g d e p a rtm e n t o ffic e rs 

Salaries and w ages— b u ild in g d e p a rtm e n t

e m p lo y e e s .. .......................................................

B u ild in g d e p a rtm e n t p e rso n n e l b e n e fits ...

R e cu rrin g d e p re c ia tio n ........................................

M a in te n a n ce a nd re p a irs ....................................

In surance and u tilitie s .........................................

R ents p a id .................................................................

T a x e s ..........................................................................

670,243

160,915

831,158

2,464

91,151

11,018

146,899

94,133

144,064

221,477

119,952

1,805

339

2,144

10

178

26

266

297

496

594

277

33

15

48665

301

668,405

160,561

828,966

2,454

90,973

10,992

146,627

93,830

143,563

220,853

119,674

4,601

1,076

5,677

20

777

84

1,070

620

1,131

1,708

267

990

120

1,110

392

195

189

331

261

93

6,721

1,293

8,014

50

438

68

1,281

564

1,745

3,305

563

3,719

594

4,3137

560

51

1,224

372

842

653

604

84,347

9,507

93,854

287

3,790

616

11,523

14,271

13,865

38,610

10,892

7,795

3,032

10,827

33

1,062

146

1,304

1,142

1,346

4,470

1,324

9,462

1,603

11,0658

1,244

150

1,864

1,200

1,906

3,085

1,608

N u m b e r o f b u ild in g em ployees, D e cem b er 

31:

O ffic e rs ........................................................................

O th e r e m p lo ye e s.....................................................

346

31,536

1

65

345

31,471

2

372 13

5

116

3

303

19

919

4

340

1

375

N u m b e r o f banks, D e cem b er 3 1 ......................... 13,493 7 1 13,485 252 10 15 241 194 207 61

Note: For average asset and liability data by State, see Table 111, pp. 188-189.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 164-173, and earlier reports.

INCOME OF INSURED BANKS 207

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 119. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

BY STATE, 1964— CONTINUED

(Amounts in thousands of dollars)

Incom e item Delaware

D istrict

of

C olum bia

Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas K e ntucky

Current operating revenue—to tal..................... 47,403 102,871 336,095 224,338 53,512 46,340 1,058,789 292,604 193,728 150,574 140,597

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ... 8,395 20,207 68,767 29,394 6,019 6,224 206,590 66,442 37,904 32,601 29,254

In te re s t and d ivid e n d s on o th e r s e c u ritie s .. 3,164 2,976 21,038 11,396 2,724 2,390 96,249 16,035 12,719 12,613 8,799

In te re s t a nd d is c o u n t on lo a n s ........................ 24,859 64,256 191,549 143,547 38,360 30,694 625,905 176,844 123,167 89,223 87,324

S ervice charges and fees on lo a n s ................ 752 1,225 5,748 4,073 1,735 820 8,103 1,861 678 619 1,171

S ervice ch a rg e s on d e p o sit a c c o u n ts ........... 1,311 6,140 27,801 17,769 2,127 4,564 37,267 14,226 10,643 10,091 5,557

O th e r ch a rg e s, co m m issio n s, fees, e tc ........ 577 1,172 6,839 8,208 2,102 1,045 15,143 6,140 4,099 2,511 1,579

T ru s t d e p a rtm e n t................................................... 6,897 5,927 10,515 7,815 284 56,642 8,088 2,791 1,375 5,388

O th e r c u rre n t o p e ra tin g re v e n u e .................... 1,448 968 3,838 2,136 445 319 12,890 2,968 1,727 1,541 1,525

Current operating expenses—total.................. 27,713 66,843 255,146 162,452 39,696 32,591 770,212 213,031 141,298 103,688 94,491

S alaries— o ffic e rs .................................................... 4,340 8,019 33,824 23,649 4,184 4,858 83,174 30,512 28,832 22,078 16,294

Salaries a nd wages— o th e r e m p lo y e e s ......... 7,683 15,494 56,348 36,217 8,980 6,896 137,892 43,610 22,882 17,632 18,717

O ffice r and e m ployee b e n e fits ......................... 1,475 2,240 10,020 8,030 2,668 1,554 34,775 8,790 5,047 3,621 3,909

Fees paid to d ire c to rs and c o m m itte e s 265 536 2,527 1,812 223 184 5,111 2,310 1,267 1,457 1,378

In te re s t on tim e and savings d e p o s its ......... 6,028 20,992 77,623 41,399 14,031 11,022 339,646 67,031 48,131 32,788 26,824

In te re s t on borrow ed m o n e y ............................. 34 909 1,544 1,739 302 237 11,417 1,249 325 455 399

O ccupancy expe nse o f ba n k p re m ise s— n e t. 1,898 4,881 15,754 11,875 2,338 1,710 37,546 13,303 7,688 5,805 6,150

F u rn itu re and e q u ip m e n t................................... 1,537 2,412 12,870 6,638 1,708 1,276 20,277 7,657 4,554 3,120 3,402

O ther c u rre n t o p e ra tin g e x p e n s e s .................. 4,453 11,360 44,636 31,093 5,262 4,854 100,374 38,569 22,572 16,732 17,418

Net current operating earnings........................ 19,690 36,028 80,949 61,886 13,816 13,749 288,577 79,573 52,430 46,886 46,106

Recoveries, transfers from valuation reserves, and profits—total............................ 1,885 489 4,685 8,655 1,338 243 30,625 6,501 3,469 3,085 2,372

On se cu ritie s:

P ro fits on se cu ritie s sold o r re d e e m e d . .. 589 126 1,980 1,399 86 40 9,771 1,988 1,285 920 754

R e co ve rie s............................................................. 118 1 37 246 13 122 42 45 133 24

T ra n s fe rs fro m v a lu a tio n re s e rv e s ............. 103 252 140 9 56 15,714 1,918 119 107 547

On loans:

R e co ve rie s............................................................. 38 68 732 435 4 76 942 263 647 1,033 365

T ra n s fe rs fro m va lu a tio n re s e rv e s ............. 932 38 502 157 30 1 1,676 917 286 142 185

All o th e r...................................................................... 105 256 1,182 6,278 1,209 57 2,400 1,373 1,087 750 497

Losses, charge-offs, and transfers to valuation reserves—total..................................... 1,818 3,236 22,381 12,619 1,857 2,462 101,936 20,175 9,235 8,702 7,676

On se cu ritie s:

Losses on se cu ritie s s o ld ................................ 117 1,085 1,425 1,098 353 227 6,720 1,611 539 426 233

C harge-offs p rio r to s a le .................................. 2 18 257 6 494 238 335 588 242

T ra n sfe rs to valua tion re s e rv e s ................... 21 42 259 750 9,401 2,058 68 79 887

On loans:

Losses a n d c h a rg e -o ffs ................................... 77 203 1,019 703 109 1,590 643 917 1,871 727

T ra n s fe rs to va lu a tio n re s e rv e s ................... 753 1,313 17,455 8,121 1,267 1,815 71,686 11,159 5,195 4,158 3,952

All o th e r...................................................................... 848 593 2,205 1,690 237 305 12,045 4,466 2,181 1,580 1,635

Net income before related taxes...................... 19,757 33,281 63,253 57,922 13,297 11,530 217,266 65,899 46,664 41,269 40,802

208 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total................................

F e d e ra l........................................................................

S ta te .............................................................................

7,895

7,538

357

15.347

15.347

20,081

20,081

18.137

18.137

4,886

4,542

344

5,048

4,245

803

64.113

64.113

23.265

23.265

14.217

14.217

12,529

11,547

982

13.707

13.707

Net income after related taxes.........................

Dividends and interest on capital—total.........

Cash d ivid e n d s decla re d on co m m o n sto ck. 

D ividends decla re d on p re fe rre d sto ck and 

in te re s t on c a p ita l no te s and d e b e n tu re s

Net additions to capital from income.............

11,862 17,934 43,172 39,785 8,411 6,482 153,153 42,634 32,447 28,740 27,095

6.240

6.240

8.309

8.309

15,707

15,660

47

14,679

13,884

795

3,990

3,913

77

3,237

3,220

17

65,319

65,133

186

14,950

14,945

5

11,866

11,850

16

9,308

9,285

23

9,754

9,751

3

5,622 9,625 27,465 25,106 4,421 3,245 87,834 27,684 20,581 19,432 17,341

N u m b e r o f b a n k in g em ployee s (exclusive of 

b u ild in g e m ployee s), D e ce m b e r 31:

A ctive o ffic e rs ..........................................................

O ther e m p lo ye e s ........................ ............................

395

2,000

605

3,522

3,449

15,775

2,520

9,912

383

2,188

469

1,950

7,275

32,208

3,100

11,790

3,083

6,737

2,537

5,088

2,037

5,593

Memoranda

R ecoveries cre d ite d to valua tion reserves 

(n o t inclu ded in recoveries above):

On s e c u ritie s ............................................................ 18

3,488

125

14,854

18

3,022

270

6,554

16

275

21

824

2,127

20,103

1,776

30,499

205

4,335

429

7,256

17

1,714

36

3,312

1

1,028

32

3,346

2

O

O

10 S

1,244 m 

O

T |

671 _ 

2,437 2 r/i

On lo a n s .....................................................................

Losses charged to valua tion reserves (n o t 

inclu ded in losses above):

On s e c u ritie s ............................................................

On lo a n s .....................................................................

140

23

836

1,831

1,409

1,429

647

Occupancy expense of bank

premises

Occupancy expense of bank premises, n e ttotal ...................................................................

Rental and o th e r in c o m e ........................................

Occupancy expense of bank premises,

gross—total.....................................................

S alaries— b u ild in g d e p a rtm e n t o ffic e rs ........

S alaries a nd wages— b u ild in g d e p a rtm e n t

e m p lo y e e s .............................................................

B u ild in g d e p a rtm e n t personnel b e n e fits ...

R e curring d e p re c ia tio n ........................................

M aintenance and re p a irs ....................................

In su ra n ce and u tilitie s .........................................

Rents p a id .................................................................

T a x e s ...........................................................................

1,898

244

2,142

188

29

344

190

387

866

138

4,881

986

5,867

8

1,120

95

822

616

757

1,828

621

15,754

4,937

20,691

71

2,021

200

3,760

2,412

4,304

4,230

3,693

11,875

2,510

14,385

30

1,190

126

2,367

1,705

2,297

3,792

2,878

2,338

764

3,102

44

183

48

403

217

777

1,227

203

1,710

403

2,113

1

225

14

533

194

360

461

325

37,546

9,247

46,793

163

7,923

773

7,073

5,547

7,096

11,453

6,765

13,303

3,559

16,862

33

2,680

180

3,089

2,403

3,007

3,329

2,141

7,688

1,266

8,954

12

1,237

86

1,563

1,008

1,835

1,959

1,254

5,805

1,328

7,133

31

918

64

1,426

991

1,392

1,315

996

C

73

m

D

6.150

1.150 CD 

J>

7,300 |

5 C/)

1,064

87

1,400

1,015

1,454

1,331

944

N u m b e r of b u ild in g em ployee s, D ecem ber 

31:

O ffic e rs .......................................................................

O ther e m p lo ye e s..................................................... 73

1

323

6

655

3

493

3

85

1

94

22

2,106

7

1,083

12

765

9

489

3

543 ro

N u m b e r o f banks, D ecem ber 3 1 ......................... 20 15 421 381 7 24 1,024 426 659 593

o

342 VO

Note: For average asset and liability data by State, see Table 111, pp. 188-189.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 164-173, and earlier reports.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 119. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

BY STATE, 1964— CONTINUED

(Am ounts in thousands of dollars)

Incom e ite m Louisiana M aine M aryland M assachuse tts M ichigan M in n e ­

sota

M ississipp i M issouri M ontana N ebraska Nevada

Current operating revenue—total..................... 174,725 44,175 160,169 356,691 606,951 280,704 91,420 351,808 56,292 104,647 38,661

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ... 34,956 6,098 26,360 41,580 112,728 51,454 14,369 66,170 9,857 18,419 4,957

In te re s t and d ivid e n d s on o th e r s e c u ritie s .. 12,876 1,963 9,882 15,925 48,991 18,752 10,125 26,599 3,496 5,666 1,673

In te re s t and d isco u n t on lo a n s ........................ 105,450 30,111 101,022 228,591 380,545 166,742 54,831 222,314 35,206 68,731 26,300

Service charges and fees on lo a n s ................ 1,214 367 2,624 3,672 5,514 1,951 236 1,988 985 429 1,268

S ervice charges on d e p o sit a c c o u n ts ........... 10,967 2,833 11,578 23,594 26,643 16,847 5,919 14,958 4,076 6,230 2,555

O th e r charges, co m m issio n s, fees, e tc ........ 5,737 533 3,267 11,534 9,690 13,928 4,146 5,140 1,612 2,029 494

T ru s t d e p a rtm e n t................................................... 1,524 1,910 3,712 23,538 17,566 8,478 793 10,550 452 2,283 981

O th e r c u rre n t o p e ra tin g re v e n u e .................... 2,001 360 1,724 8,257 5,274 2,552 1,001 4,089 608 860 433

Current operating expenses—total.................. 125,038 33,050 116,649 236,030 473,445 212,621 65,468 242,319 41,325 74,076 27,346

S alaries— o ffic e rs .................................................... 16,991 4,038 11,975 30,743 38,664 33,259 10,906 33,700 6,911 16,864 3,637

S alaries and wages— o th e r e m p lo y e e s ......... 25,801 7,437 27,676 67,215 87,580 36,563 12,080 48,649 6,990 13,590 6,337

O ffice r and em ployee b e n e fits ......................... 4,796 1,141 5,172 14,236 20,035 9,040 2,861 9,120 2,059 3,474 1,080

Fees paid to d ire cto rs and c o m m itte e s ........ 1,752 364 998 1,556 2,351 2,087 946 2,532 341 1,149 79

In te re s t on tim e and saving s d e p o s its ......... 34,032 10,978 36,763 48,235 221,643 81,186 20,302 85,580 13,220 18,140 8,359

In te re s t on borrow ed m o n e y ............................ 1,342 104 857 2,675 2,298 1,332 620 2,281 208 545 88

O ccupancy expense o f b a n k p re m ise s— net. 9,396 2,313 8,216 18,985 25,226 11,542 2,953 12,786 2,026 4,118 2,508

F u rn itu re and e q u ip m e n t................................... 4,762 1,209 5,133 10,789 13,130 6,692 2,235 7,696 1,354 2,893 1,163

O th e r c u rre n t o p e ra tin g e x p e n s e s ................. 26,166 5,466 19,859 41,596 62,518 30,920 12,565 39,975 8,216 13,303 4,095

Net current operating earnings........................ 49,687 11,125 43,520 120,661 133,506 68,083 25,952 109,489 14,967 30,571 11,315

Recoveries, transfers from valuation reserves, and profits—to tal............................ 4,339 897 8,196 25,073 9,160 5,311 2,974 13,489 1,823 2,370 772

On secu ritie s:

P ro fits on s e c u ritie s sold o r re d e e m e d . .. 2,638 231 814 4,552 2,083 1,200 639 2,846 391 708 64

R e co ve rie s............................................................. 37 16 22 38 15 67 140 74 240 214

T ra n s fe rs fro m va lu a tio n re s e rv e s ............. 335 296 28 10,645 55 63 863 4,576 458 220 342

On loans:

Recoveries . . 348 94 110 211 442 822 276 508 419 226

T ra n sfe rs fro m va lu a tio n reserves 304 17 53 727 3,441

3,124

382 357 1,965

3,520

76 228

All o th e r...................................................................... 677 243 7,169 8,900 2,777 699 239 774 366

Losses, charge-offs, and transfers to valuation reserves—to tal..................................... 12,838 2,709 6,436 33,811 36,565 10,265 8,870 21,471 3,497 5,596 2,682

On secu ritie s:

Losses on se c u ritie s s o ld ................................ 373 244 194 2,325 1,320 428 133 1,493 49 260 81

C h arg e-o ffs p rio r to sale. 220 11 169 47 108 188 704 1,556

2,899

186 353

T ra n s fe rs to va lu a tio n re s e rv e s ................... 2,382 62 501 989 1,602 98 1,208 382 533 111

On loans:

Losses and c h a rg e -o ffs .................................. 625 118 230 305 448 1,188

6,245

425 1,156

11,068

464 534

T ra n s fe rs to v a lu a tio n re s e rv e s ................... 7,102 1,645 3,643 19,978 26,093 4,913 1,962 3,012 1,505

All o th e r ...................................................................... 2,136 629 1,699 10,167 6,994 2,118 1,487 3,299 454 904 985

Net income before related taxes...................... 41,188 9,313 45,280 111,923 106,101 63,129 20,056 101,507 13,293 27,345 9,405

210 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total...............................

F e d e ra l........................................................................

S tate ............................................................................

14.516

14.516

3.454

3.454

14.546

14.546

45,817

37,954

7,863

25.803

25.803

23,646

18,930

4,716

4.996

4.996

35,831

33,835

1,996

4,405

4,122

283

9.867

9.867

3.712

3.712

Net income after related taxes......................... 26,672 5,859 30,734 66,106 80,298 39,483 15,060 65,676 8,888 17,478 5,693

Dividends and interest on capital—total.........

Cash d ivid e n d s decla red on co m m o n stock. 

D ividends decla red on p re fe rre d stock and 

in te re s t on capital notes and d e b e n tu re s .

10,188

10,011

177

2,845

2,840

5

10,796

10,745

51

32,089

32,079

10

34,228

33,504

724

16,686

16,609

77

5,662

5,657

5

25,206

24,028

1,178

3.788

3.788

7.177

7.177

2.913

2.913

Net additions to capital from income............. 16,484 3,014 19,938 34,017 46,070 22,797 9,398 40,470 5,100 10,301 2,780

N u m b e r o f b a n kin g em ployee s (exclusive of 

b u ild in g em ployee s), D e cem b er 31:

A ctive o ffic e rs ..........................................................

O ther e m p lo y e e s ..............................................

1,656

6,818

468

2,072

1,241

7,342

2,714

16,544

3,420

22,335

3,575

10,065

1,244

3,425

3,672

13,427

699

1,912

1,844

3,837

378

1,518

Memoranda

R ecoveries cre d ite d to v a lu a tio n reserves 

(n o t in clu d e d in recoveries above):

On s e c u ritie s ............................................................ 2 85 15 25 52 999 3 6

On lo a n s .....................................................................

Losses charged to va lu a tio n reserves (not 

inclu ded in losses above):

On s e c u ritie s ............................................................

1,593

90

494

30

2,366

49

3,923

945

7,053

1,962

13,580

2,002 1,289

167

3,275

1,549

6,125

370

9

1,131

7

225

On lo a n s ..................................................................... 3,383 1,332 2,010 11,351 5,067 2,711 1,007 2,494 1,732

Occupancy expense of bank

premises

Occupancy expense of bank premises, n e ttotal...................................................................

Rental and o th e r in c o m e ........................................

Occupancy expense of bank premises,

gross—total.....................................................

Salaries— b u ild in g d e p a rtm e n t o ffice rs

9,396

2,528

11,924

52

2,313

470

2,783

4

8,216

1,230

9,446

22

18,985

3,188

22,173

116

25,226

3,156

28,382

101

11,542

4,397

15,939

21

2,953

1,888

4,841

12,786

2,133

14,919

24

2,026

720

2,746

4,118

1,185

5,303

16

2,508

300

2,808

S alaries and wages— b u ild in g d e p a rtm e n t

e m p lo y e e s .............................................................

B u ild in g d e p a rtm e n t personn el b e n e fits. . .

R e curring d e p re c ia tio n ........................................

M aintenance and re p a irs ....................................

Insurance and u tilitie s .........................................

Rents p a id .................................................................

T a x e s ...........................................................................

1,863

143

2,048

1,065

1,745

2,375

2,633

443

30

503

225

484

700

394

717

65

1,639

1,801

1,346

2,913

943

2,498

393

3,788

2,629

4,221

3,950

4,578

3,829

491

5,335

3,740

5,152

5,919

3,815

1,352

133

2,420

1,535

3,245

5,023

2,210

461

53

722

598

952

1,005

1,050

2,240

273

3,137

1,909

2,917

3,019

1,400

380

37

558

266

452

429

624

688

74

864

606

929

1,381

745

311

17

571

338

459

420

692

N u m b e r o f b u ild in g em ployees, D ecem ber 

31:

O ffic e rs ....................................................................... 7 4 10 8 13 7 5

O ther e m p lo ye e s.................................................... 670 254 338 805 1,294 652 234 850 182 416 84

N u m b e r o f banks, D ecem ber 3 1 ........................ 208 40 120 154 359 714 194 632 128 427 8

Note: For average asset and liability data by State, see Table 111, pp. 188-189.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 164-173, and earlier reports.

INCOME OF INSURED BANKS 211

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 119. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

BY STATE, 1964— CONTINUED

(Am ounts in thousands o f dollars)

Incom e item New

H a m psh ire

New

Jersey

New

Mexico

New

Y ork

N o rth

C arolina

N orth

Dakota Ohio O klahom a Oregon P ennsylvania

Rhode

Island

Current operating revenue—total..................... 29,913 468,229 50,249 2,740,948 207,230 46,383 678,144 168,999 139,945 928,732 60,246

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ... 3,651 69,564 8,529 311,316 23,380 10,265 119,647 30,224 16,127 132,945 4,928

In te re s t and d ivid e n d s on o th e r s e c u ritie s .. 1,384 46,295 2,022 230,469 13,352 3,876 51,627 10,103 7,581 87,020 6,297

In te re s t and d is c o u n t on lo a n s ........................ 20,972 295,895 32,988 1,763,917 134,499 26,080 427,296 109,502 94,391 587,821 38,819

Service charges and fees on lo a n s ................ 233 4,297 481 25,067 3,944 321 4,832 1,050 1,971 7,066 528

Service charges on d e p o s it a c c o u n ts ........... 2,364 27,766 3,846 86,104 13,447 2,407 33,618 11,628 12,577 32,856 3,032

O th e r charges, co m m issio n s, fees, e tc ........ 444 5,088 1,218 41,270 9,555 2,691 8,248 2,494 2,020 12,038 858

T ru s t d e p a rtm e n t................................................... 515 15,090 698 201,025 6,890 364 26,748 2,378 3,668 57,762 5,052

O th e r c u rre n t o p e ra tin g re v e n u e .................... 350 4,234 467 81,780 2,163 379 6,128 1,620 1,610 11,224 732

Current operating expenses—total.................. 22,487 361,069 37,924 1,907,701 148,033 33,959 489,883

48,927

116,569 106,953 667,983 45,128

S alaries— o ffic e rs .................................................... 3,089 36,642 5,774 160,243 22,557 6,144 22,169 14,989 69,614 3,864

S alaries and wages— o th e r e m p lo y e e s ......... 4,130 77,038 8,152 429,120 34,031 4,802 97,340 21,826 22,015 131,761 8,563

O ffice r and e m ployee b e n e fits ......................... 938 16,153 1,144 109,744 6,892 1,402 18,586 4,842 4,283 31,572 2,488

Fees paid to d ire c to rs a nd c o m m itte e s 325 3,030 338 5,129 907 373 3,158 1,215 284 5,899 207

In te re s t on tim e and saving s d e p o s its ......... 7,730 136,908 11,076 745,896 42,388 13,577 198,580 36,097 41,658 259,132 20,744

In te re s t on b o rro w e d m o n e y ............................ 92 1,738 80 49,611 1,722 84 2,882 873 580 6,702 303

O ccupancy expe nse o f ban k p re m ise s— n e t. 1,339 23,563 2,334 138,845 9,858 1,698 23,977 6,218 6,198 39,781 2,240

F u rn itu re and e q u ip m e n t................................... 860 12,431 1,599 48,786 5,860 966 14,414 4,216 3,830 23,105 1,469

O th e r c u rre n t o p e ra tin g e x p e n s e s ................. 3,984 53,566 7,427 220,327 23,818 4,913 82,019 19,113 13,116 100,417 5,250

Net current operating earnings........................ 7,426 107,160 12,325 833,247 59,197 12,424 188,261 52,430 32,992 260,749 15,118

Recoveries, transfers from valuation reserves, and profits—to tal............................ 947 11,676 796 57,675 3,326 551 10,150 5,055 1,851 11,579 1,123

On s e cu ritie s:

P ro fits on se c u ritie s sold o r re d e e m e d ... 381 3,650 355 6,549 592 249 2,168 945 274 3,573 49

Recoveries 316 23 9 607 8 8 32 20 1 254

T ra n s fe rs fro m va lu a tio n re s e rv e s ............. 1 1,023 124 6,939 160 4 1,733 197 922 1,219 347

On loans:

R e co ve rie s............................................................. 37 283 60 652 60 93 430 1,102 33 599 15

T ra n s fe rs fro m va lu a tio n reserves 8 1,071

5,626

4 24.964

17.964

330 45 2,785

3,002

86 2,305 300

All o th e r...................................................................... 204 244 2,176 152 2,705 621 3,629 412

Losses, charge-offs, and transfers to valuation reserves—total..................................... 1,707 33,117 5,099 192,548 13,448 2,846 31,186 12,716 9,149 58,975 3,623

On securities:

Losses o n se cu ritie s s o ld ................................ 102 3,313 203 25,579 501 80 4,335 426 2,283 8,427 770

C h arg e-o ffs p rio r to sale 249 102 38 2,511

12,125

65 43 137 46 1 548

T ra n sfe rs to va lu a tio n re s e rv e s ................... 136 2,322 145 1,071 5 1,758 159 1,017 4,140 226

On loans:

Losses and c h a rg e -o ffs .................................... 65 763 173 510 167 134 1,078 2,387 72 1,074 47

T ra n sfe rs to va lu a tio n re s e rv e s ................... 931 23,333 4,073 135,666 9,771 2,100 20,189 8,202 4,225 37,191 1,407

All o th e r...................................................................... 224 3,284 467 16,157 1,873 484 3,689 1,496 1,551 7,595 1,173

Net income before related taxes...................... 6,666 85,719 8,022 698,374 49,075 10,129 167,225 44,769 25,694 213,353 12,618

212 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—total................................

F e d e ra l............................................................

S ta te .........................................................................

2.267

2.267

18.709

18.709

2.738

2.738

227,203

195,072

32,131

19,715

18,106

1,609

3,113

2,880

233

56.493

56.493

16,491

15,231

1,260

9,643

7,479

2,164

60.067

60.067

3,682

2,923

759

Net income after related taxes.........................

Dividends and interest on capital—total.........

C ash d ivid e n d s d e cla re d on co m m o n sto ck. 

D ividends d e cla re d on p re fe rre d sto ck and 

in te re s t on ca p ita l n o te s and d e b e n tu re s

Net additions to capital from income.............

4,399 67,010 5,284 471,171 29,360 7,016 110,732 28,278 16,051 153,286 8,936

1.505

1.505

29,597

28,909

688

2.947

2.947

259,442

248,767

10,675

12,962

12,322

640

3.004

3.004

44,124

43,918

206

14,474

13,907

567

9.037

9.037

83,163

82,380

783

4.965

4.965

2,894 37,413 2,337 211,729 16,398 4,012 66,608 13,804 7,014 70,123 3,971

N u m b e r o f b a n kin g em p lo ye e s (exclusive of 

b u ild in g e m p lo ye e s), D e cem b er 3 1 :

A ctive o ffic e rs ..........................................................

O th e r e m p lo y e e s .....................................................

346

1,184

3,251

19,358

576

2,251

11,525

86,239

2,360

9,826

726

1,505

4,444

23,962

2,398

6,135

1,600

5,395

6,616

32,807

351

2,176

Memoranda

R ecoveries cre d ite d to va lu a tio n reserves 

(n o t in clu d e d in reco ve rie s above):

On s e c u ritie s ............................................................. 32

2,356

1,741

9,977

34

883

24

3,333

274

31,014

6,311

72,286

44

1,451

171

3,051

71

7,297

1,536

11,136

4

2,494

10

6,370

80

8,538

3,062

19,463

2

O

O

On lo a n s ......................................................................

Losses cha rg e d to va lu a tio n reserves (n o t 

in clu d e d in losses abo ve):

On s e c u ritie s .............................................................

218 214 640

34

2,881

262 m 

O 

~n

On lo a n s ...................................................................... 717 517 626 2 

CO

Occupancy expense of bank

premises

Occupancy expense of bank premises, n e t -

total ................................................

R ental and o th e r in c o m e ........................................

Occupancy expense of bank premises,

gross—total......................................................

S alaries— b u ild in g d e p a rtm e n t o ffic e rs ........

S alaries and w ages— b u ild in g d e p a rtm e n t

e m p lo y e e s ....................................................

B u ild in g d e p a rtm e n t p e rso n n e l b e n e fits ...

R e cu rrin g d e p re c ia tio n ........................................

M a in te n a n ce and re p a irs ..................................

In su ra n ce a nd u tilitie s .........................................

R ents p a id ............................................................

T a x e s ............................................................................

1,339

159

1,498

167

16

268

157

216

390

284

23,563

2,958

26,521

46

2,796

402

4,699

3,988

4,189

5,095

5,306

2,334

490

2,824

393

33

546

306

410

845

291

138,845

28,371

167,216

349

13,453

2,336

31,090

13,280

30,423

51,489

24,796

9,858

1,821

11,679

39

1.258 

119

2,804

1,238

2.258 

3,048

915

1,698

433

2,131

1

239

19

460

210

507

346

349

23,977

13,003

36,980

150

6,141

738

6,414

4,464

6,592

9,330

3,151

6,218

4,052

10,270

33

1,644

197

1,911

1,066

1,794

2,933

692

6,198

392

6,590

105

705

83

1,593

1,302

855

1,049

898

39,781

6,868

46,649

166

8,075

1,053

8,601

4,794

7,655

10,979

5,326

c=

m

o

2,240 m

1,563

3,803 1

42 GO

890

142

595

257

506

739

632

N u m b e r o f b u ild in g em ployee s, D e cem b er 

31:

O ffic e rs ......................................................

O th e r e m p lo y e e s ..................................................... 90

5

899 126

58

2,999

4

638

2

164

18

2,157

6

587

8

208

21

2,837

4

297

ro

N u m b e r o f ban ks, D e ce m b e r 3 1 ....................... 70 233 63 326 151 159 546 416 49 581 8 oo

Note: For average asset and liability data by State, see Table 111, pp. 188-189.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 164-173, and earlier reports.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 119. INCOME OF INSURED COMMERCIAL BANKS IN THE UNITED STATES (STATES AND OTHER AREAS),

BY STATE, 1964— CONTINUED

(Am ounts in thousands of dollars)

Incom e ite m S o uth

C arolina

South

Dakota T ennessee Texas U tah V e rm o n t V irginia W ashington

W est

V irginia W isconsin W yom ing

Current operating revenue—total...................... 68,677 53,516

10,983

219,959 753,668 70,102 28,743 239,987 191,459 80,648 272,910 27,526

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ... 10,743 34,597 111,766 7,189 3,477 32,663 25,641 20,018 60,076 5,027

In te re s t a nd d ivid e n d s on o th e r s e c u ritie s .. 4,988 2,732 15,627 52,681 3,401 1,588 15,172 10,533 4,323 17,267 1,151

In te re s t a nd d is c o u n t on lo a n s ........................ 42,538 33,148 149,788 506,399 47,924 20,766 161,229 122,674 48,969 167,591 18,135

S ervice charges and fees on lo a n s ................ 349 256 1,984 7,899 2,004 245 3,161 2,820 686 1,664 327

S ervice charges on d e p o s it a c c o u n ts ........... 5,181 2,929 8,531 39,845 5,694 1,615 14,544 17,349 2,817 12,662 1,743

O th e r charges, co m m issio n s, fees, e tc ........ 2,829 2,485 3,733 11,611 1,894 234 4,276 4,169 1,184 3,547 727

T ru s t d e p a rtm e n t................................................... 1,418 402 4,299 15,851 1,613 532 7,009 5,908 1,885 6,678 200

O th e r c u rre n t o p e ra tin g re ve n u e . . 1 .............. 631 581 1,400 7,616 383 286 1,933 2,365 766 3,425 216

Current operating expenses—total.................. 46,402 38,468 160,368 543,851 50,107 23,030 174,480

22,257

141,467 53,510 203,244 20,381

S alaries— o ffic e rs .................................................... 9,217 7,751 18,996 79,140 5,882 2,520 18,706 7,703 29,656 3,342

Salaries a n d w ages— o th e r e m p lo y e e s ......... 12,546 5,977 28,280 94,849 9,471 3,620 34,215 34,235 10,471 32,502 3,574

O ffice r and em ployee b e n e fits ......................... 2,482 1,722 5,796 19,031 1,752 714 6,685 5,982 2,071 8,352 751

Fees paid to d ire c to rs and c o m m itte e s 557 528 1,120 5,593 350 322 1,754 416 864 2,561 272

In te re s t on tim e and saving s d e p o s its ......... 7,135 13,852 67,250 184,162 20,728 11,336 64,765 47,870 18,316 85,947 7,424

In te re s t on borrow ed m o n e y ............................. 65 48 1,023 11,417 289 52 750 620 111 781 85

O ccupancy expe nse o f ban k p re m ise s— net. 2,991 1,866 8,531 35,421 2,547 1,232 9,554 9,246 2,746 10,547 1,021

F u rn itu re and e q u ip m e n t................................... 2,341 1,193 5,421 18,361 1,920 617 6,215 6,039 1,968 5,688 914

O th e r c u rre n t o p e ra tin g e x p e n s e s ................. 9,068 5,531 23,951 95,877 7,168 2,617 28,285 18,353 9,260 27,210 2,998

Net current operating earnings........................ 22,275 15,048 59,591 209,817 19,995 5,713 65,507 49,992 27,138 69,666 7,145

Recoveries, transfers from valuation reserves, and profits—total............................

On se cu ritie s:

842 762 6,959 15,334 921 299 3,198 3,372 1,413 4,553 350

P ro fits on s e c u ritie s sold o r re d e e m e d . .. 218 248 2,421 2,456 346 76 830 1,146 699 1,498 163

R e co ve rie s.............................................................

T ra n s fe rs fro m va lu a tio n re s e rv e s .............

On loans:

21

23

10 13

190

196

1,467 5

1 31

631

58

391

3

87

140

127

1

R e co ve rie s............................................................. 34 175 325 2,589 37 34 278 78 135 84 79

T ra n s fe rs fro m va lu a tio n re s e rv e s ............. 1 7 3,477 1,414 177 25 375 1,021 129 180 12

All o th e r...................................................................... 545 322 533 7,212 356 163 1,053 678 360 2,524 95

Losses, charge-offs, and transfers to valuation reserves—total.....................................

On securities:

3,958 3,013 15,113 60,628 2,206 1,550 13,117 7,901 4,510 13,085 1,420

Losses on se cu ritie s s o ld ................................ 208 83 865 3,739 280 247 1,045 180 329 2,108 49

C harge-offs p rio r to s a le .................................. 35 40 366 478 43 18 80 53 67 173 12

T ra n sfe rs to valua tion re s e rv e s ...................

On loans:

1 6 320 6,930 9 1 1,177 555 96 77 31

Losses a nd c h a rg e -o ffs .................................... 122 265 607 5,361 131 27 598 198 244 355 294

T ra n sfe rs to valua tion re s e rv e s ................... 2,883 2,061 9,532 37,371 1,297 1,155 8,481 5,792 3,158 9,027 919

All o th e r...................................................................... 709 558 3,423 6,749 446 102 1,736 1,123 616 1,345 115

Net income before related taxes....................... 19,159 12,797 51,437 164,523 18,710 4,462 55,588 45,463 24,041 61,134 6,075

214 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income—to tal................................

F e d e ra l........................................................................

S ta te .............................................................................

7,129

6,671

458

4,699

4,261

438

17,308

16,962

346

54.948

54.948

7,553

7,227

326

1,368

1,219

149

20.225

20.225

17.329

17.329

9.397

9.397

20,442

17,424

3,018

2.299

2.299

Net income after related taxes......................... 12,030 8,098 34,129 109,575 11,157 3,094 35,363 28,134 14,644 40,692 3,776

Dividends and interest on capital—total.........

Cash d ivid e n d s d e cla re d on co m m o n sto ck. 

D ividends d e cla re d on p re fe rre d sto ck and 

in te re s t on ca p ita l n o te s and d e b e n tu re s .

5,319

5,318

1

3,129

3,121

8

12,444

12,410

34

54,926

54,916

10

5.765

5.765

1,528

1,463

65

17,095

17,002

93

11.793

11.793

5.009

5.009

16,640

16,532

108

1,447

1,443

4

Net additions to capital from income............. 6,711 4,969 21,685 54,649 5,392 1,566 18,268 16,341 9,635 24,052 2,329

N u m b e r o f b a n kin g em ployee s (e xclu sive o f 

b u ild in g em p lo ye e s), D e cem b er 3 1:

A ctive o ffic e rs ...........................................................

O th e r e m p lo y e e s .....................................................

1,014

3,779

885

1,781

2,204

8,004

8,085

25,575

636

2,684

303

1,051

2,464

9,756

1,837

8,051

869

2,973

3,099

9,257

338

930

Memoranda

R ecoveries c re d ite d to v a lu a tio n reserves 

(n o t in clu d e d in re co ve rie s above):

On s e c u ritie s ............................................................. 10 14 199 89 2 2

On lo a n s ......................................................................

Losses ch a rg e d to v a lu a tio n reserves (n o t 

inclu d e d in losses abo ve):

On s e c u ritie s .............................................................

250 579

7

1,799

3

10,994

2,077

32,388

409 158

2

1,414

732

913 420

85

2,586

18

382

On lo a n s ...................................................................... 1,281 1,339 4,766 889 790 5,191 2,237 1,321 3,941 644

Occupancy expense of bank

premises

Occupancy expense of bank premises, n e t -

total ...................................................................

Rental and o th e r in c o m e .........................................

Occupancy expense of bank premises,

gross—total......................................................

S alaries— b u ild in g d e p a rtm e n t o ffice rs

2,991

266

3,257

1

1,866

308

2,174

1

8,531

2,642

11,173

39

35,421

25,031

60,452

133

2,547

807

3,354

1,232

141

1,373

9,554

1,605

11,159

20

9,246

924

10,170

74

2,746

862

3,608

19

10,547

2,722

13,269

74

1,021

329

1,350

3

S alaries and wages— b u ild in g d e p a rtm e n t

e m p lo ye e s.............................................................

B u ild in g d e p a rtm e n t personn el b e n e fits . . .

R e curring d e p re c ia tio n ........................................

M aintenance and re p a irs ....................................

In surance and u tilitie s .........................................

R ents p a id .................................................................

T a xe s............................................................................

306

41

790

432

788

721

178

271

30

348

255

525

389

355

1,435

116

2,576

1,271

2,007

1,495

2,234

6,182

564

11,234

6,067

10,139

11,673

14,460

384

26

807

248

603

931

355

196

19

255

113

235

384

171

1,665

166

2,220

1,161

2,135

2,892

900

892

130

3,035

1,730

1,736

1,545

1,028

608

48

719

473

688"

581

472

1,682

173

2,535

1,452

2,313

2,849

2,191

150

13

301

198

255

133

297

N u m b e r o f b u ild in g em ployee s, D e cem b er 

31:

O ffic e rs ........................................................................ 1 3 7 20 1 17 3 10 2

O ther e m p lo ye e s..................................................... 192 202 615 2,086 126 101 827 239 295 789 71

N u m b e r o f banks, D e cem b er 3 1 ......................... 129 172 290 1,115 54 48 277 96 183 575 68

Note: For average asset and liability data by State, see Table 111, pp. 188-189.

Back figures, 1946-1963: See the Annual Report for 1963, pp. 164-173, and earlier reports.

INCOME OF INSURED BANKS 215

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 120. INCOME OF INSURED MUTUAL SAVINGS BANKS, 1956-1964

(Amounts in thousands of dollars)

Incom e Item 1956 1957 1958 1959 1960 1961 1962 1963 1964

Current operating income—total.................................................. 898,440 1,026,327 1,149,643 1,280,347 1,461,763 1,595,183 1,755,582 1,946,776 2,164,115

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s .................................. 146,624 147,157 141,950 146,353 152,458 151,931 156,410 153,659 153,368

In te re s t and d ivid e n d s on o th e r s e c u ritie s ................................ 102,590 127,212 167,489 180,535 199,258 205,751 206,367 203,720 207,164

In te re s t and d is c o u n t on real e sta te m o rtg a g e loan s— n e t. 623,586 720,215 808,975 921,315 1,070,173 1,194,282 1,342,896 1,534,446 1,738,621

Interest and discount on real estate mortgage loans—gross.................... 6 ^ 5 ,5 9 2 7 4 4 ,SOS 8 3 6 ,5 1 5 9 5 1 ,9 5 2 1, 104,100 1 ,2 3 1 ,7 7 4 1 ,3 8 3 ,7 3 5 1 ,5 8 0 ,2 7 6 1 ,7 9 0 ,3 1 8

Less: Mortgage servicing fees........................................................... 2 0 ,4 7 5 2 3 ,1 3 8 2 5 ,9 8 5 2 9 ,1 5 4 3 2 ,3 4 3 3 6 ,0 4 5 3 9 ,2 8 3 4 4 ,1 7 4 4 9 ,7 5 6

Premium amortization............................................................ 1,531 950 1 ,5 5 5 1 ,4 8 3 1 ,5 8 4 1 ,4 4 7 1 ,5 5 6 1 ,6 5 6 1,941

In te re s t and d is c o u n t on o th e r loans and d is c o u n ts — n e t . .. 8,439 10,848 11,749 12,669 18,407 18,767 22,733 27,576 33,538

Incom e on real e sta te o th e r th a n ba n k b u ild in g — n e t.......... 6 31 2 - 1 27 -3 8 -52 -108 -122

Income on real estate other than bank building—gross.......................... 103 140 139 216 397 379 302 296 421

Less: Operating expense.................................................................. 97 109 137 217 370 417 354 404 543

Incom e on o th e r a s s e ts ...................................................................... 8,328 7,898 8,384 7,486 7,474 9,081 9,777 9,984 13,121

Incom e fro m service o p e ra tio n s ..................................................... 8,867 12,966 11,094 11,990 13,966 15,409 17,451 17,499 18,425

Current operating expense—total................................................. 158,317 174,758 187,758 201,402 224,789 241,685 252,963 274,544 290,471

S alaries— o ffic e rs ................................................................................... 25,861 28,590 30,099 32,082 36,608 38,158 40,466 42,792 45,391

Salaries a nd wages— e m p lo y e e s ..................................................... 53,962 58,310 61,797 64,396 71,295 75,303 79,165 84,514 89,514

Pension, h o sp ita liza tio n and g ro u p insurance p a ym e n ts, 

and o th e r em ployee b e n e fits ..................................................... 14,643 16,478 18,314 20,006 22,656 24,134 25,419 27,202 28,138

Fees paid to tru s te e s and c o m m itte e m e m b e rs ...................... 2,809 3,007 3,203 3,366 3,731 3,994 4,158 4,404 4,604

O ccupancy, m aintenance , etc. o f ban k prem ises (in c lu d in g 

taxes and re c u rrin g d e p re cia tio n )— n e t............................... 17,492 19,326 20,925 22,695 25,255 27,369 29,269 32,160 34,683

Occupancy, maintenance, etc. of bank premises (including taxes and

recurring depreciation) —gross................................................... 2 5 ,3 8 0 2 7 ,8 4 6 3 0 ,2 5 2 3 2 ,2 6 8 3 5 ,1 2 0 3 7 ,2 9 8 3 9 ,2 9 7 4 2 ,5 8 3 4 5,87 1

Less: Income from bank building...................................................... 7 ,8 8 8 8 ,5 2 0

9,407

9 ,3 2 7 9 ,5 7 3 9 ,8 6 5 9 ,9 2 9 1 0 ,0 2 8 1 0 ,4 2 3 1 1 ,1 8 8

D eposit in surance a ss e s s m e n ts ..................................................... 8,437 10,183 11,316 11,707 12,824 12,172 12,709 14,035

Fu rn itu re and fix tu re s (in clu d in g re c u rrin g d e p re c ia tio n )... 3,058 3,251 3,501 4,445 4,740 5,438 5,997 7,714 9,182

All o th e r c u rre n t o p e ra tin g e x p e n s e ............................................. 32,055 36,389 39,736 43,096 48,797 54,465 56,317 63,049 64,924

Net current operating income........................................................ 740,123 851,569 961,885 1,078,945 1,236,974 1,353,498 1,502,619 1,672,232 1,873,644

Franchise and income taxes—total.............................................. 8,955 9,060 10,342 11,649 13,637 16,011 17,966 22,587 26,022

S tate fra n ch ise and incom e ta x e s .................................................. 8,321 8,972 9,831 11,172 13,190 15,277 17,502 19,168 21,657

Federal incom e ta x e s ........................................................................... 634 88 511 M l 447 734 464 3,419 4,365

Net current operating income after taxes.................................. 731,168 842,509 951,543 1,067,296 1,223,337 1,337,487 1,484,653 1,649,645 1,847,622

Dividends and interest on deposits............................................. 609,335 716,383 812,254 897,469 1,073,542 1,147,767 1,334,005 1,481,869 1,653,768

Net current operating income after taxes and dividends........ 121,833 126,126 139,289 169,827 149,795 189,720 150,648 167,776 193,854

Non-recurring income, realized profits and recoveries

credited to profit and loss, and transfers from valuation

adjustment provisions—total.................................................. 48,192 48,148 66,160 91,205 142,009 113,763 105,907 113,085 105,454

N o n -re cu rrin g in c o m e .......................................................................... 10,537 13,434 17,295 21,147 31,133 17,567 20,453 28,678 18,048

Realized p ro fits and recoveries on:

S e cu ritie s sold or m a tu re d ............................................................ 17,355 16,022 30,974 39,498 34,860 54,263 55,751 28,752 36,472

Real e sta te m ortgag e lo a n s .......................................................... 456 259 138 192 283 629 739 2,465 1,088

O ther real e s ta te ................................................................................ 413 437 367 646 535 337 462 807 571

All o th e r a s s e ts ................................................................................... 1,435 431 624 2,498 6,576 459 957 871 1,096

T ra n sfe rs fro m valua tion a d ju s tm e n t p ro v is io n s 1 on: 

S e c u ritie s .............................................................................................. 4,463 5,939 8,345 14,270 57,588 10,873 5,460 26,995 22,029

Real estate m ortgag e lo a n s .......................................................... 12,501 10,850 8,068 12,021 10,480 29,068 21,465 24,342 25,786

O ther real e s ta te ................................................................................ 29 65 28 17 86 36 66 46 92

All o th e r a s s e ts ................................................................................... 1,003 711 321 916 468 531 554 129 272

216 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Non-recurring expense, realized losses charged to profit

1

and loss, and transfers to valuation adjustment provisions—total............................................................................. 71,580 83,870 79,852 126,876 123,664 116,143 109,192 101,611 88,234

N o n -re cu rrin g e x p e n s e ...................................................................... 10,645 12,958 13,699 11,385 16,981 17,692 18,941 17,331 12,991

R ealized losses on:

S e curities s o ld ................................................................................... 26,991 35,526 25,056 66,875 63,846 40,851 31,379 47,629 39,884

Real e sta te m o rtg a g e lo a n s ......................................................... 542 1,036 603 330 508 1,252 1,083 1,681 2,023

O ther real e s ta te .............................................................................. 171 179 191 260 210 375 662 656 712

All o th e r a s s e ts .................................................................................. 149 191 684 440 315 404 424 655 936

T ra n sfe rs to valua tion a d ju s tm e n t p ro visio n s1 on:

S e c u ritie s ............................................................................................. 16,689 18,062 21,946 30,347 23,352 19,337 30,925 11,548 8,692

Real estate m ortgag e lo a n s ......................................................... 16,194 15,236 16,733 16,151 17,679 35,377 25,252 21,534 22,266

O ther real e s ta te .............................................................................. 46 16 45 40 19 111 76 74 57

All o th e r a s s e ts .................................................................................. 153 666 895 1,048 754 744 450 503 673

Net additions to total surplus accounts from operations.. . . 98,445 90,404 125,597 134,156 168,140 187,340 147,363 179,250 211,074

Memoranda

Recoveries credited to valuation adjustment provisions1

(not included in recoveries above) on:

S e c u ritie s ................................................................................................. 1,151 972 571 173 471 278 1,658 3,389 756

Real estate m ortgag e lo a n s ............................................................. 268 365 14 99 136 53 48 201 64

O ther real e s ta te ................................................................................... 39 2

All o th e r a s s e ts ...................................................................................... 9 5 5 37 585 6 35 14 13

Realized losses charged to valuation adjustment provisions1 (not included in realized losses above) on:

S e c u ritie s ................................................................................................. 4,055 8,741 6,267 9,339 8,110 7,721 5,830 12,973 6,058

Real estate m ortgag e lo a n s ............................................................. 318 342 217 197 1,131 720 501 5,136 765

O ther real e s ta te ................................................................................... 127 3 26 13 5 6 190

All o th e r a s s e ts ...................................................... ............................... 51 67 300 385 165 218 448 178 258

Average assets and liabilities2

Assets—total...................................................................................... 24,533,839 26,904,256 29,160,570 31,248,671 34,339,564 35,916,590 38,152,221 41,180,616 44,609,410

Cash and due fro m b a n k s ................................................................ 757,496 723,830 742,225 689,698 721,308 757,912 794,362 786,298 768,719

U nited States G overnm e nt o b lig a tio n s ....................................... 5,730,449 5,592,025 5,338,796 5,236,825 5,092,512 4,791,909 4,748,691 4,563,328 4,351,936

O ther s e c u ritie s ..................................................................................... 3,034,920 3,559,430 4,378,447 4,677,222 5,036,291 5,228,022 5,151,555 5,115,637 5,057,794

Real estate m ortgage lo a n s ............................................................. 14,494,241 16,445,982 18,045,621 19,937,652 22,628,058 24,255,437 26,435,337 29,538,513 33,121,502

O ther loans and d is c o u n ts ............................................................... 155,376 185,174 227,027 244,010 355,327 353,474 441,994 543,458 588,196

O ther real e s ta te ................................................................................. 2,197 3,586 4,361 7,002 11,555 18,955 19,640 21,114 28,389

All o th e r a s s e ts ...................................................................................... 359,160 394,229 424,093 456,262 494,513 510,881 560,642 612,268 692,844

Liabilities and surplus accounts—total...................................... 24,533,839 26,904,256 29,160,570 31,248,671 34,339,564 35,916,590 38,152,221 41,180,616 44,609,410

Total d e p o s its ......................................................................................... 22,202,156 24,322,261 26,304,610 28,136,390 30,822,839 32,320,488 34,350,820 37,175,285 40,334,274

Savings and time deposits............................................................... 2 2 ,1 6 7 ,5 3 7 2 4 ,2 9 5 ,7 6 1 2 6 ,2 7 4 ,7 5 8 2 8 ,1 0 6 ,0 8 9 3 0 ,7 9 0 ,5 9 9 3 2 ,1 1 3 ,1 2 9 3 4 ,0 7 0 ,5 1 1 3 6 ,8 7 0 ,9 0 6 3 9 ,9 9 7 ,2 1 7

Demand deposits........................................................................... 3 4,61 9 2 6 ,5 0 0 2 9 ,8 5 2 3 0,301 3 2 ,2 4 0 2 0 7 ,3 5 9 2 8 0 ,3 0 9 3 0 4 ,3 7 9 3 37 ,0 5 7

O ther lia b ilitie s ...................................................................................... 249,779 318,445 431,019 512,192 598,011 506,744 537,630 588,622 660,037

Total su rp lu s a c c o u n ts ...................................................................... 2,081,904 2,263,550 2,424,941 2,600,089 2,918,714 3,089,358 3,263,771 3,416,709 3,615,099

N u m b e r o f active o ffice rs, D ecem ber 3 1 ....................................... 2,130 2,239 2,356 2,504 2,885 2,977 3,085 3,170 3,281

N u m b e r o f o th e r em ployees, D ecem ber 3 1 ................................. 13,860 14,590 14,925 15,110 16,753 17,290 17,617 18,459 18,958

N u m b e r o f banks, D e cem b er 3 1 ....................................................... 223 239 241 268 325 330 331 330 327

1 Includes "Valuation reserves” and “ Other asset valuation provisions (direct write-downs).''

2 For 1956 through 1960, averages of figures reported at beginning, middle, and end of year. For 1961 through 1964, averages of amounts for four consecutive official call dates beginning with the end of the previous year and ending with the fall call of the current year.

Back figures, 1934-1955: Data for 1934-1950, which however are not comparable with figures for 1951-1964, may be found in the following Annual Reports: 1941, p. 173; and 1950, pp. 272-273. For 1951-1955 see 

the Annual Report for 1959, pp. 166-167.

INCOME OF INSURED BANKS 217

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 121. RATIOS OF INCOME OF INSURED MUTUAL SAVINGS BANKS, 1956-1964

Incom e ite m 1956 1957 1958 1959 1960 1961 1962 1963 1964

A m o u n ts p e r $ 1 0 0 o f c u rre n t o p e ra tin g in co m e 

C u rre n t o p e ra tin g in co m e — t o ta l.......................................................................................................................

In te re s t on U. S. G o ve rn m e n t o b lig a tio n s ..................................................................................................

In te re s t and d iv id e n d s on o th e r s e c u ritie s ................................................................................................

In te re s t and d is c o u n t on real e sta te m ortg a g e loan s— n e t................................................................

In te re s t and d is c o u n t on o th e r loans and d is c o u n ts — n e t..................................................................

Incom e on o th e r a s s e ts ......................................................................................................................................

Incom e fro m service o p e ra tio n s .....................................................................................................................

C u rre n t o p e ra tin g expe nse— t o ta l......................................................................................................................

S alaries— o ffic e rs ...................................................................................................................................................

Salaries and wages— e m p lo y e e s .....................................................................................................................

Pension, h o sp ita liza tio n and g ro u p in su ra n ce pa ym e n ts, and oth e r em ployee ben efits. . .

Fees paid to tru s te e s and c o m m itte e m e m b e rs .....................................................................................

O ccupancy, m aintenance , etc. o f ban k p rem ises (in clu d in g taxes and re currin g depreciation

— n e t........................................................................................................................................................................

D eposit in su ra n ce a sse ssm e n ts.....................................................................................................................

F u rn itu re and fix tu re s (in clu d in g re c u rrin g d e p re c ia tio n )...................................................................

All o th e r c u rre n t o p e ra tin g e xp e n se .............................................................................................................

N e t c u rre n t o p e ra tin g in c o m e .............................................................................................................................

Franchise and in co m e taxes— t o ta l...................................................................................................................

State fra n ch ise and incom e ta x e s ..................................................................................................................

Federal incom e ta x e s ...........................................................................................................................................

N e t c u rre n t o p e ra tin g incom e a fte r ta x e s ......................................................................

D ivid e n d s and in te re s t on d e p o s its ..................................................................................................................

N e t c u rre n t o p e ra tin g incom e a fte r ta xe s and d iv id e n d s .......................................................................

$100.00

16.32

11.42

69.41

.94

.92

.99

17.62

2.88

6.00

1.63

.31

1.95

.94

.34

3.57

82.38

1.00

.93

.07

81.38

67.82

13.56

$100.00

14.34

12.40

70.17

1.06

.77

1.26

$100.00

12.35

14.57

70.37

1.02

.73

.96

$100.00

11.43

14.10

71.96

.99

.58

.94

$100.00

10.43

13.63

73.21

1.26

.51

.96

$100.00

9.52

12.90

74.87

1.18

.57

.96

$100.00

8.91

11.76

76.49

1.29

.56

.99

17.03

2.79

5.68

1.60

.29

1.88

.92

.32

3.55

16.33

2.62

5.37

1.59

.28

1.82

.89

.30

3.46

15.73

2.51

5.03

1.56

.26

1.77

.88

.35

3.37

15.38

2.50

4.88

1.55

.26

1.73

.80

.32

3.34

15.15

2.39

4.72 

1.51

.25

1.72 

.80 

.34

3.42

14.41

2.30

4.51

1.45

.24

1.67

.69

.34

3.21

82.97 83.67 84.27 84.62 84.85 85.59

.88

.87

.01

.90

.86

.04

.91

.87

.04

.93

.90

.03

1.00

.96

.04

1.02

1.00

.02

82.09 82.77 83.36 83.69 83.85 84.57

69.80 70.65 70.10 73.44 71.95 75.99

12.29 12.12 13.26 10.25 11.90 8.58

$100.00

7.89

10.46

78.82

1.42

.51

.90

14.10

2.20

4.34

1.40

.23

1.65

.65

.39

3.24

85.90

1.16

.98

.18

84.74

76.12

8.62

$100.00

7.09

9.57

80.34

1.55

.60

.85

13.42

2.10

4.14

1.30

.21

1.60

.65

.42

3.00

86.58

1.20

1.00

.20

85.38

76.42

8.96

218 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Amounts per $100 off total assets1

C u rre n t o p e ra tin g incom e— to ta l...................................................................... 3.66 3.81 3.94 4.10 4.26 4.44 4.60 4.73 4.85

C u rre n t o p e ra tin g expense— to ta l.............................................................................. .64 .65 .64 .65 .66 .67 .66 .67 .65

N e t c u rre n t o p e ra tin g in c o m e ............................................................... 3.02 3.16 3.30 3.45 3.60 3.77 3.94 4.06 4.20

S tate fra n ch ise and incom e ta x e s ..................................................................... .04 .03 .04 .03 .04 .05 .05 .05 .06

N et c u rre n t o p e ra tin g incom e a fte r ta x e s ........................................ 2.98 3.13 3.26 3.42 3.56 3.72 3.89 4.01 4.14

D ividends and in te re s t on d e p o s its ........................................................... 2.48 2.66 2.78 2.87 3.12 3.19 3.50 3.60 3.71

N e t c u rre n t o p e ra tin g incom e a fte r taxes and d ivid e n d s.................................. .50 .47 .48 .55 .44 .53 .39 .41 .43

N o n -re cu rrin g incom e, realized p ro fits and recoveries credited to p ro fita n d loss, and tra n s fe rs

fro m valua tion a d ju s tm e n t p ro v is io n s 2— to ta l............................................ .19 .18 .22 .29 .41 .31 .28 .27 .24

N o n -re cu rrin g expense, realized losses charged to p ro fita n d loss, and tra n s fe rs to valua tion

a d ju s tm e n t p ro v is io n s 2— to ta l......................................................................... .29 .31 .27 .41 .36 .32 .28 .24 .20

N e t a d d itio n s to to ta l su rp lu s accou nts fro m o p e ra tio n s............................................. .40 .34 .43 .43 .49 .52 .39 .44 .47

Special ratios1

In te re s t on U. S. G overnm e nt ob lig a tio n s per $ 10 0 of U. S. G overnm ent obligations 2.56 2.63 2.66 2.79 2.99 3.17 3.29 3.37 3.52

In te re s t and d ivid ends on o th e r se cu ritie s per $10 0 of o th e r se cu ritie s .......... 3.38 3.57 3.83 3.86 3.96 3.94 4.01 3.98 4.10

In te re s t and d is c o u n t on real e state m ortgag e loans per $ 1 0 0 o f real estate m ortgag e loans . 4.30 4.38 4.48 4.62 4.73 4.92 5.08 5.19 5.25

In te re s t and d is c o u n t on o th e r loans a nd discou nts per $ 10 0 o f o th e r loans and disco u n ts 5.43 5.86 5.18 5.19 5.18 5.31 5.14 5.07 5.70

D ividends and in te re s t on d e p o sits per $ 1 0 0 o f savings and tim e d e p o s its ........... 2.75 2.95 3.09 3.19 3.49 3.57 3.92 4.02 4.13

N e t a d d itio n s to to ta l s u rp lu s a cco u n ts fro m ope rations per $ 1 0 0 o f total s u rp lu s a c c o u n ts ... . 4.73 3.99 5.18 5.16 5.76 6.06 4.52 5.25 5.84

Assets and liabilities per $100 off total assets1

Assets—total............................................................................................................ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Cash and due fro m b a n k s ............................................................................. 3.09 2.69 2.55 2.21 2.10 2.11 2.08 1.91 1.72

U n ited States G overnm e nt o b lig a tio n s ........................................................... 23.36 20.78 18.31 16.76 14.83 13.34 12.45 11.08 9.76

O ther s e c u ritie s .............................................................................................. 12.37 13.23 15.01 14.97 14.67 14.56 13.50 12.42 11.34

Real estate m o rtg a g e lo a n s .............................................................................. 59.08 61.13 61.88 63.80 65.90 67.53 69.29 71.73 74.25

O ther loans and d is c o u n ts .................................................................... .63 .69 .78 .78 1.03 .99 1.16 1.32 1.32

O ther real e s ta te ....................................................................................................... .01 .01 .02 .02 .03 .05 .05 .05 .06

All o th e r a s s e ts .................................................................................................. 1.46 1.47 1.45 1.46 1.44 1.42 1.47 1.49 1.55

Liabilities and surplus accounts—to ta l.................................................. 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Total d e p o s its ........................................................................................ 90.50 90.40 90.20 90.04 89.76 89.99 90.04 90.27 90.42

Savings and time deposits............................................................ 9 0 .3 6 9 0 .3 0 9 0 .1 0 8 9 .9 4 8 9 .6 7 8 9 .4 1 8 9 .3 0 8 9 .5 3 8 9 .6 6

Demand deposits................................................................................... .1 4 .10 .10 .10 .0 9 .5 8 .7 4 .74 .7 6

O ther lia b ilitie s ................................................................................ 1.02 1.19 1.48 1.64 1.74 1.41 1.41 1.43 1.48

Total s u rp lu s a c c o u n ts ........................................................................................ 8.48 8.41 8.32 8.32 8.50 8.60 8.55 8.30 8.10

N u m b e r o f banks, D ecem ber 3 1 .......................................................................... 223 239 241 268 325 330 331 330 327

1 For 1956 through 1960, averages of figures reported at beginning, middle, and end of year. For 1961 through 1964, averages of amounts for four consecutive official call dates beginning with the end of the previous year and ending with the fall call of the current year.

2 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” .

Back figures, 1 93 4 ,1 94 1 -1 95 0 , and 1951-1954: Data for 1934 and 1941-1950, which however are not comparable with figures for 1951-1960, may be found in the following Annual Reports: 1947, pp. 156-157 and 

1950, pp. 274-275. For 1951-1955, see the Annual Report for 1959, pp. 168-169.

INCOME OF INSURED BANKS 219

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS CLOSED BECAUSE OF FINANCIAL DIFFICULTIES,AND 

DEPOSIT INSURANCE DISBURSEMENTS

Table 122. 

Table 123. 

Table 124.

Table 125.

Number and deposits of banks closed because of financial difficulties, 

1934-1964, by years

Insured banks requiring disbursements by the Federal Deposit Insurance 

Corporation during 1964

Depositors, deposits, and disbursements in insured banks requiring disbursements by the Federal Deposit Insurance Corporation, 1934-1964 

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

assumption, amount of deposits, and State

Recoveries and losses by the Federal Deposit Insurance Corporation on 

principal disbursements for protection of depositors, 1934-1964

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Disbursements by the Federal Deposit Insurance Corporation to

protect depositors are made when the insured deposits of banks in 

financial difficulties are paid off, or when the deposits of a failing 

bank are assumed by another insured bank with the financial aid of 

the Corporation. In deposit payoff cases the disbursement is the 

amount paid by the Corporation on insured deposits. In deposit 

assumption cases the principal disbursement is the amount loaned 

to failing banks, or the price paid for assets purchased from them; 

additional disbursements are made in those cases as advances for 

protection of assets in process of liquidation and for liquidation 

expenses.

Noninsured bank failures

One noninsured bank failed in 1964. This was Modoc State Bank, 

Modoc, Kansas, which suspended December 30, 1964, having deposits of $429,000.

For data regarding noninsured banks which suspended in the 

years 1934-1962, see the Annual Report for 1963, pp. 27-41. No 

noninsured bank failed in 1963.

Sources of data

Insured banks: books of bank at date of closing; and books of 

FDIC, December 31, 1964.

BANKS CLOSED AND DEPOSIT INSURANCE DISBURSEMENTS 221

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
1964.

1963.

1962.

1961.

1960.

1959.

1958.

1957.

1956.

1955.

1954.

1953.

1952.

1951.

1950.

1949

1948.

1947.

1946.

1945.

1944.

1943.

1942.

1941.

1940.

1939.

1938.

1937.

1936.

1935.

1934.

i

1964.

Table 122. NUMBER AND DEPOSITS OF BANKS CLOSED

BECAUSE OF FINANCIAL DIFFICULTIES, 1934-1964, BY YEARS

N u m be r D eposits (in th o u sa n d s)

T otal N o nin su re d 1

Insured

Total

W ith out

d isb u rse ­

m ents

by

FD IC 2

W ith

d isb u rse ­

m ents

by

FD IC3

Total N onin su re d 1

In sured

Total

W ith o u t

d is b u rs e ­

m e n ts

by

F D IC 2

W ith

d is b u rs e ­

m e n ts

by

F D IC 3

585

8

2

3

9

2

3

9

3

3 

5

4

5

4

5

5 

9 

3

6

2

1 

2

5

23

16

48

72

80

83

72

32

61

126

1

459

7

2

1

5

1

3

4 

2

2

5 

2

4

3 

2

4

5 

3 

5 

1 

1 

2

5

20

14

43

60

73

76

69

26

9

451

7

2

5

1

3

4 

1 

2

5 

2

2

3 

2

4

4 

3

5 

1 

1 

2

5

20

14

43

60

73

74 

69 

25

9

$745,606

23,751

23,440

4,231

10,611

7,965

2,595

10,413

12,502

11,689

11,953

2,948

45,101

3,313

6,464

5,555

9,217

10,674

7,207

494

5,695

1,915

12,525

19,541

18,805

142,787

160,211

60,444

34,141

28,100

13,987

37,332

$57,930

429

1,220

1,675

1,035

2,173

1,255

360

1,950

390

143

3,056

42

2,552

167

147

355

79

358

2,439

1,038

528

592

583

35,364

$687,676

23,322

23,440

3,011

8,936

6,930

2,595

8,240

11,247

11,329

11,953

998

44,711

3,170

3,408

5,513

6,665

10,674

7,040

347

5,695

1,915

12,525

19,186

18,726

142,429

157,772

59,406

33,613

27,508

13,404

1,968

$41,147

3,011

$646,529

23,322

23,440

10,(

26,449

U 9 0 '

328

85

8,936

6,930

2,595

8,240

1,163

11,329

11,953

998

18,262

3,170

3,408

5,513

5,475

10,674

7,040

347

5,695

1,915

12,525

19,186

18,726

142,429

157,772

59,406

33,285

27,508

13,319

1,968

iformation regarding each of these banks, see Table 22 in the Annual Report of the Federal Deposit Insurance Corporation for 1963, and page 221 jof the report for 

oninsured bank placed in receivership in 1934, with no deposits at time of closing, is omitted (see Table 22, note 9). Deposits are unavailable for 7 banks, 

formation regarding these cases, see Table 23 of the Annual Report for 1963. 

formation r “ ‘ *■ - * •«

ludest 

date c

ernment ( r __________

case no. 83) with deposits of $1,585 thousand.

222 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 123. INSURED BANKS REQUIRING DISBURSEMENTS BY THE FEDERAL DEPOSIT JNSURANCE CORPORATION DURING 1964

Case

n u m b e r N am e and location

Class of 

bank

N u m be r of 

d e p o s ito rs 1 Date o f closin g

F irst p a ym e n t to 

d ep o sito rs D isburse

m e n t2

Receiver o r liq u id a tin g agent

D eposit

payo ff

2 6 8 The F irst N a tion al B ank o f M arlin, 

M arlin, Texas

N 2 ,2 1 3 M arch 10, 196 4 M arch 16, 196 4 $ 1 ,9 0 3 ,4 2 9 Federal Deposit Insurance 

C orpo ration

2 6 9 The S tate Savings B ank o f M inden City, 

M inden City, M ichigan

NM 1,147 M arch 17, 196 4 M arch 23, 196 4 1 ,0 7 8,223 Federal D eposit Insurance 

C o rporation

2 7 0 F irst S tate B ank, 

Dell City, Texas

NM 719 Ju ly 4, 1 96 4 J u ly 10, 1964 4 7 8 ,0 8 3 Federal D eposit Insurance 

C o rpo ration

271 B elleview Valley B ank, 

Belleview , M issouri

NM 1,563 July 20, 196 4 Ju ly 25, 196 4 1 ,0 0 7 ,8 5 5 S tate B anking A u th o rity

272 F ro n tie r B ank, 

Covelo, C a lifo rnia

NM 9 95 July 31, 1964 A u g u st 6, 1964 7 3 9 ,8 2 9 Federal D eposit Insurance 

C orporation

2 73 Crown Savings B ank, 

N e w p o rt News, V irgin ia

NM 9 ,7 7 8 S e ptem ber 4, 1964 S e ptem ber 10, 1964 2 ,8 9 1 ,3 7 5 Federal Deposit |usurance 

C orporation

2 7 4 N ebraska S tate B ank o f V alentine, 

N ebraska

V a le n tin e , N e bra ska

NM 3 ,3 9 5 O ctober 2 9 , 196 4 N o ve m b e r 10, 1 96 4 4 ,3 7 1 ,8 7 0 S tate B a nking A u th o rity

A s s e ts 3 Liab ilities and capital a c c o u n ts 3

Case

n u m b e r Cash and 

Due fro m 

b anks

U. S. Gove rn m e n t 

o b lig a tio n s

O ther

securities

Loans,

discounts,

and

o ve rd ra fts

Banking 

house, 

fu rn itu re & 

fix tu re s

O ther

real

estate

O ther 

a s s e ts 4

Total

D e p o sits5

O ther

lia b ilitie s

C apital

stock

O ther

capital

accounts

Total $3,651,148 $4,573,306 $505,678 $16,293,626 $337,198 $1 $787,747 $25,848,704 $23,321,804 $555,914 $757,584 $1,213,402

D eposit

payo ff

2 6 8 522,996

100,828

610,844

320,000

130,571

69,050

2,334,658

785,418

118,796

31,415

23,097

2,932

3,740,962

1,309,643

3,458,617

1,232,767

44,302

20,431

100,000

55,084

138,043

2 69 1,361

27 0 61,359

144,598

139,606

1,181,548

178,854

226,326

891,150

1,628,240

903,114

815,776

1,408,734

4,694,900

60,940

32,132

16,209

77,705

33,057

2,973

131,302

549,560

1,237,324

1,285,025

2,642,029

7,865,036

1,082,325

1,188,574

2,312,316

7,022,623

18,367 82,500

35,000

150.000

110.000

54,132

61,451

149,322

289,990

271 63,220

55,028

33,082

272 30,391

273 1 442,423

2 7 4 1,500,213 717,892 154,727 5,351,026 1 44,826 7,768,685 7,024,582 225,000 519,103

1 At date of closing.

2 To December 31,1964, plus estimated additional disbursements.

3 As determined by FDIC agents after adjustment of books of bank for liabilities or overdrafts discovered subsequent to closing.

4 Includes in case number 273 a shortage account of $205,927.

5 Includes money placed in banks which was treated as deposits by the bank, the insured status of which is now in litigation brought by the Corporation.

BANKS CLOSED AND DEPOSIT INSURANCE DISBURSEMENTS 223

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 124. DEPOSITORS, DEPOSITS, AND DISBURSEMENTS IN INSURED BANKS REQUIRING DISBURSEMENTS BY THE FEDERAL

DEPOSIT INSURANCE CORPORATION, 1934-1964 

BANKS GROUPED BY CLASS OF BANK, YEAR OF DEPOSIT PAYOFF OR DEPOSIT ASSUMPTION, AMOUNT OF DEPOSITS, AND STATE

Classification

All banks

Class of bank

National b a n k s ............................

State banks m em b ers F. R. S. 

Banks not m em bers F. R. S.. .

Year8

1 9 3 4 ...

1 9 3 5 ...

1 9 3 6 ...

1 9 3 7 ...

1 9 3 8 ...

1 9 3 9 ...

1 9 4 0 ...

1 9 4 1 ...

1 9 4 2 ...

1 9 4 3 ...

1 9 4 4 ...

1 9 4 5 ...

1 9 4 6 ...

1 9 4 7 ...

1 9 4 8 ...

1 9 4 9 ...

1 9 5 0 ...

1 9 5 1 ...

1 9 5 2 ...

1 9 5 3 ...

1 9 5 4 ...

1 9 5 5 ...

1 9 5 6 ...

1 9 5 7 ...

1 9 5 8 ...

1 9 5 9 ...

1 9 6 0 ...

1 9 6 1 ...

1 9 6 3 ...

1 9 6 4 ...

Banks with deposits of—

Less than $ 1 0 0 ,0 0 0 ..................

$1 0 0 ,0 0 0 to $ 2 5 0 ,0 0 0 .............

$ 2 5 0,00 0 to $ 5 0 0 ,0 0 0 .............

$ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 .........

$ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 . 

$ 2 ,0 0 0 ,0 0 0 to $5,0 0 0 ,0 0 0 . 

$5,0 0 0 ,0 0 0 to $1 0 ,0 0 0 ,0 0 0 

$1 0 ,0 0 0 ,0 0 0 to $2 5 ,0 0 0 ,0 0 0 . 

$2 5 ,0 0 0 ,0 0 0 to $ 5 0 ,0 0 0 ,0 0 0 .

N um ber of banks

24

350

107

109

59

67

50

36

16

6

4

Deposit

payoff

cases

272

27

8

237

Deposit

assum ption

cases

182

53

16

113

4 1

1

1

1

3 1

3

1

5

2

7

83 24

86 23

36 23

32 35

17 33

11 25

4 12

3 3

4

Num ber of dep o sito rs1

Total

1,516,468

313,465

372,545

830,458

15,767

44,655

89,018

130,387

203,961

392,718

256,361

73,005

60,688

27,371

5,487

12,483

1,383

10,637

18,540

5,671

6,366

5,276

6,752

24,469

1,811

17,790

15,197

2,338

9,587

3,073

11,171

8,302

36,321

19,883

38,347

83,370

89,949

157,514

205,962

248,044

222,926

198,028

272,328

Deposit

payoff

cases

481,735

68,789

86,939

326,007

15,767

32,331

43,225

74,148

44,288

90,169

20,667

38,594

5,717

16,917

5,465

2,338

4,380

3,073

11,171

8,302

36,321

19,883

29,695

65,512

56,777

71,868

66,755

69,405

32,643

Deposit

assum p

tion

cases3

1,034,733

244,676

285,606

504,451

12,324

45,793

56,239

159,673

302,549

235,694

34,411

54,971

10,454

4,588

12,483

1,383

10,637

18,540

5,671

6,366

5,276

6,752

24,469

1,811

9,710

9,732

5,207

8,652

17,858

33,172

85,646

139,207

178,639

190,283

108,948

272,328

D e posits1 

(in thousands of dollars)

Total

657,688

134,052

190,536

333,100

1,968

13,320

27,508

33,349

59,684

157,772

142,429

29,718

19,186

12,525

1,915

5,695

347

7,040

10,674

5,475

5,513

3,408

3,170

18,262

998

11,953

11,329

1,163

8,240

2,593

6,930

8,936

23,266

23,322

6,418

17,759

20,975

50,970

71,017

112,700

105,110

113,321

159,418

Deposit

payoff

cases

191,161

34,340

29,417

127,404

1,968

9,091

11,241

14,960

10,296

32,738

5,657

14,730

1,817

6,637

456

6,503

4,701

1,163

4,156

2,593

6,930

8,936

23,266

23,322

4,947

13,920

12,462

24,182

22,200

36,562

27,636

49,252

Deposit

assum ption

cases

466,527

99,712

161,119

205,696

4,229

16,267

18,389

49,388

125,034

136,772

14,988

17,369

5,888

1,459

5,695

347

7,040

10,674

5,475

5,513

3,408

3,170

18,262

998

5,450

6,628

4,084

1,471

3,839

8,513

26,788

48,817

76,138

77,474

64,069

159,418

Disbursem ents by FDIC 

(in thousands of dollars)

Principal disbursem ents

Total

340,675

62,985

103,265

174,425

941

8,890

14,781

19,160

30,479

67,770

74,134

23,880

10,825

7,172

1,503

1,768

265

1,724

2,990

2,552

3,986

1,885

1,369

5,017

913

6,784

3,333

1,031

3,026

1,835

4,765

6,201

19,225

12,471

4,999

12,906

14,588

33,963

38,896

58,385

43,776

59,509

73,653

Deposit

payoff

cases4

142,601

24,372

22,994

95,235

941

6,025

8,056

12,045

9,092

26,196

4,895

12,278

1,612

5,500

404

4,438

2.795 

1,031

2.796 

1,835 

4,765 

6,201

19,225

12,471

4,309

11,554

10,223

19,106

16,717

23,763

17,491

39,438

Deposit

assum ption

cases5

198,074

38,613

80,271

79,190

2,865

6,725

7,115

21,387

41,574

69,239

11,602

9,213

1,672

1,099

1,768

265

1,724

2,990

2,552

3,986

1,885

1,369

5,017

913

2,346

538

230

690

1,352

4,365

14,857

22,179

34,622

26,285

20,071

73,653

Advances and 

expenses2

Deposit

payoff

cases6

1,838

311

151

1,376

44

108

67

103

93

162

89

50

38

53

9

106

87

20

38

51

68

153

245

255

209

147

297

279

307

229

283

Deposit

assum ption

c ases7

47,510

6,196

19,273

22,041

272

934

905

4,902

17,603

17,237

1,479

1,076

72

37

96

11

354

200

166

524

127

195

428

145

665

51

31

154

173

583

2,139

3,317

5,525

5,491

5,404

24,723

224 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
State

A la b a m a..............

A rka n sa s............

C a lifo rn ia............

C olorado..............

C o n n e cticu t.......

F lorida..................

G eorgia................

Id a h o ....................

Illin o is ..................

In d ia n a ................

Iow a......................

K ansas................

K e n tu cky ............

Lou isiana............

M aine...................

M a ryla n d ............

M a ssa ch u se tts..

M ichigan.............

M in n e so ta ..........

M ississippi.........

M isso u ri..............

M o ntana..............

N e b ra ska............

New H am pshire 

New Je rse y ........

New Y o rk ............

North C a ro lin a .. 

N orth D a ko ta .. .

O hio......................

O klahom a...........

O regon.................

P e nnsylvania. . . 

South C a ro lin a .. 

South D a ko ta . .. 

T ennessee..........

Texas....................

V e rm o n t..............

V irg in ia ................

W ashing ton........

W est V irg in ia ....

W isconsin...........

W yom ing.............

3 1 2 7,905 794 7,111 2,285 100 2,185 1,089 94 995 1 91

b 5 1 4,434 3,529 905 1,764 1,168 596 984 840 144 8 48 6 2 1 8,565 5,396 3,169 7,104 6,026 1,078 3,721 2,860 861 61 138

1 1 10 10 8 8 8 8 (9)

2 2 5,379 5,379 1,526 1,526 1,242 1,242 8

2 1 1 1,642 448 1,194 491 217 274 300 203 97 3 13

10 8 2 9,410 8,797 613 1,959 1,870 89 1,620 1,551 69 33 33

2 2 2,451 2,451 1,894 1,894 1,493 1,493 29

20 8 12 79,612 41,693 37,919 50,586 24,903 25,683 28,450 20,467 7,983 274 791

20 15 5 30,006 12,549 17,457 13,593 3,932 9,661 6,197 3,096 3,101 39 384

7 4 3 16,055 4,066 11,989 9,401 4,383 5,018 3,875 2,804 1,071 46 113

9 5 4 5,145 2,254 2,891 1,234 539 695 974 482 492 5 72

23 18 5 36,139 - 18,490 17,649 8,888 3,954 4,934 5,455 3,329 2,126 44 201

3 3 6,087 6,087 1,652 1,652 668 668 10

1 1 9,710 9,710 5,450 5,450 2,346 2,346 665

5 2 3 22,567 6,643 15,924 4,566 828 3,738 3,109 735 2,374 9 371

2 2 9,046 9,046 3,019 3,019 1 564 1 564 1 030

9 4 5 32,819 2,084 30,735 14,765 1,392 13,373 7,368 1,217 6* 151 26 ’ 760

5 5 2,650 2,650 818 818 640 640 17

3 3 1,651 1,651 334 334 257 257 5

48 36 12 37,647 29,478 8,169 9,273 7,240 2,033 6,661 6,015 646 99 77

5 3 2 1,500 849 651 1,095 215 880 640 186 454 6 21

6 6 6,044 6,044 8,066 8,066 5,168 5,168 40

1 1 1,780 1,780 296 296 117 117 8

39 12 27 522,563 103,797 418,766 194,630 33,128 161,502 82,125 26,468 55,657 161 20,154

26 3 23 269,621 28,440 241,181 145,439 13,286 132,153 67,872 10,836 57,036 32 10,847

7 2 5 10,408 3,677 6,731 3,266 1,421 1,845 2,387 1,156 1,231 23 179

29 18 11 14,103 6,760 7,343 3,830 1,552 2,278 2,657 1,397 1,260 24 203

4 2 2 13,751 7,585 6,166 7,223 2,345 4,878 2,098 1,610 488 7 44

11 8 3 25,071 20,150 4,921 13,765 11,053 2,712 9,256 7,945 1,311 164 104

2 1 1 3,439 1,230 2,209 2,670 1,368 1,302 1,948 986 962 11 81

29 8 21 166,894 43,828 123,066 75,756 14,340 61,416 51,292 10,133 41,159 75 9,524

2 1 1 1,848 403 1,445 849 136 713 274 136 138 10

23 22 1 12,515 11,412 1,103 2,987 2,861 126 2,411 2,388 23 26 9

12 8 4 12,358 9,993 2,365 1,942 1,620 322 1,278 1,164 114 28 25

26 24 2 36,233 34,705 1,528 18,672 17,986 686 12,104 11,811 293 335 44

3 2 1 11,057 8,687 2,370 3,725 3,375 350 3,445 3,259 186 21 22

9 4 5 35,718 12,641 23,077 17,778 7,652 10,126 7,799 3,403 4,396 104 505

1 1 4,179 4,179 1,538 1,538 935 935 512

3 3 8,346 8,346 2,006 2,006 1,458 1,458 11

31 20 11 26,898 18,739 8,159 9,512 5,967 3,545 7,188 5,096 2,092 54 410

1 1 3,212 3,212 2,033 2,033 202 202 19

1 Adjusted to December 31,1964.

2 Excludes $210 thousand of non-recoverable insurance expenses in cases which were resolved without payment of claims or a disbursement to facilitate assumption of deposits by another insured bank and 

other expenses of field liquidation employees not chargable to liquidation activities.

3 Number of deposit accounts.

4 Includes estimated additional disbursements in active cases.

5 Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.

6 These disbursements are not recoverable by the Corporation; they consist almost wholly of field payoff expenses.

7 Includes advances to protect assets and liquidation expenses of $47,296 thousand, all of which have been fully recovered by the Corporation, and $214 thousand of non-recoverable expenses.

8 No case in 1962 required disbursements. Disbursement totals for each year relate to cases occurring during that year, including disbursements made in subsequent years.

9 Less than $500.

Note: Due to rounding differences, components may not add to totals.

BANKS CLOSED AND DEPOSIT INSURANCE DISBURSEMENTS 225

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 125. RECOVERIES AND LOSSES BY THE FEDERAL DEPOSIT INSURANCE CORPORATION ON PRINCIPAL DISBURSEMENTS

FOR PROTECTION OF DEPOSITORS, 1934-1964

(AMOUNTS IN THOUSANDS OF DOLLARS)

Liquidation 

status and 

year of deposit payoff 

or deposit 

assumption

All cases Deposit payoff cases Deposit assumption cases

Number

of

banks

Principal

disbursements

Recoveries 

to Dec. 

3 1 ,1 9 6 4 '

Estimated

additional

recoveries

Losses2

Number

of

banks

Principal 

disbursements 3

Recoveries 

to Dec. 

31, 1964

Estimated

additional

recoveries

Losses2

Number

of

banks

Principal

disbursem ents4

Recoveries 

to Dec. 

3 1 ,1 9 6 4 1

Estimated

additional

recoveries

Losses2

Total........... 454 340,675

93,351

247,324

941

291,153 14.123

14.123

35,399

10,020

25,379

207

272 142,601 106,374 13,883 22,345 182 198,074 184,779 241 13,054

Status

A ctive.......... 26 69,208

221,945

734

18 47,149

95,452

941

25,425

80,949

734

13,883 7,842

14,503

207

8 46,201 43,783 241 2,177

428 254 174 151,873 140,996 10,877

Year

1934 9 9

1935 25 8,890

14,781

19,160

30,480

67,770

74,134

23,881

10,825

7,171

1,502

1,768

265

6,185

12,326

15,611

28,055

60,617

70,240

23,290

10,137

7,048

1,462

1,768

265

1 2,704

2,455

3,549

2,425

7,153

3,773

591

24 6,026

8,056

12,044

9,092

26,197

4,895

12,278

1,612

5,500

404

4,274

6,595

9,520

7,908

1,752

1,461

2,524

1,184

5,798

582

• 1 2,865

6,725

7,115

21,387

41,574

69,239

11,603

9,212

1,672

1,099

1,768

1,911

5,730

1 953

1936. .. 69 42 27 995

1937 75 50 25 6,090

20,147

1,025

1 93 8 .. .. 74 50 24 1,241

1939 60 32 20,399

4,313

12,065

1,320

5,377

364

28 40,219

65,927

1,355

1940 43 121 19 24 122 3,190

1941 15 8 213 7 11,225

8,816

378

1942 20 688 6 292 14

1

396

1943 5 123 4 123 1,672

1,099

1,768

1944 2 40 1 40 1

1945 1 1

1946 1 1 265 265

1947 5 1,724

2,990

2,552

3,986

1,885

1,369

5,017

1,626

2,349

2,183

2,601

1,792

577

26 72 5 1,724 1,626 26 72

1948 3 641 3 2,990

2,552

3,986

1,885

2,349 641

1949 4 369 4 2,183

2,601

369

1950 4 1,385

3

4 1,385

1951 2 90 2 1,792 90 3

1952 3 792 3 1,369 577 792

1953 2 5,017

651

2 5,017

913

5,017

1954 2 913 2 260 2 651 2 260

1955 5 6,784

3,333

1,031

3,026

1,835

4,765

6,201

6,554

3,038

1,031

2,959

1,722

4,765

4,462

230 4 4,438

2.795 

1,031

2.796

1,835

4,765

6,201

4,208

2,500

1,031

2,729

1,722

4,765

4,462

230 1 2,346

538

2,346

1956 2 30 265 1 30 265 1 538

1957 1 1

1958 4 27

8

40

105

3 27

8

40 1 230 230

1959 3 3 105

1960 1 1

1961 5 151 1,588 5 151 1,588

1962

1963 2 19,225

12,471

10,696

1,392

6,719

6,948

1,810

4,131

2 19,225

12,471

10,696

1,392

6,719

6,948

1,810

1964 7 7 4,131

1 Excludes in deposit assumption cases recovery of all advances for asset protection, totaling $32,872 thousand, and all liquidation expenses totaling $14,424 thousand.

2 Includes estimated losses in active cases. Not adjusted for interest or allowable return, which was collected in some cases in which the disbursement was fully recovered.

3 Includes estimated additional disbursements in active cases.

4 Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.

Note: Due to rounding differences, components may not add to totals.

226 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Page

Absorptions:

Of insured banks requiring disbursements by the Corporation. See

Banks in financial difficulties.

Of operating banks, 1964______________________________________136-139

Of operating banks approved by the Corporation, 1964_____________ 31-60

Regulation of _________________________________________________ 11-12

Accounts in insured banks:

Average size, special call dates, 1936-1964_________________________78-79

Fully and partially protected by insurance. See Deposit Insurance 

coverage.

Number, in all insured banks, November 18, 1964:

By FDIC district and State________________________________ 94-95

By size of bank, by population of center, and by class of bank___ 96-97

By type of account_______________ ________________________96-97

In banks grouped by percentage of deposits insured____________ 97

In SMSA’s with population over 500,000_______________________ 98-99

Number and percent distribution, insured commercial banks,

November 18, 1964:

By class of bank and size of account__________________________ 103

By population of center and size of account________________ 102-103

By size of account in each State and FDIC district____________ 100-101

By size of bank and size of account__________________________ 102

By type and size of account_________________________________ 103

In banks grouped by percentage of deposits insured, by size of

account _________________________________________________ 103

Number and percent distribution, insured mutual savings banks,

November 18, 1964:

By population of center and size of account___________________ 121

By size of account in each State and FDIC district______________ 121

By size of bank and size of account________________________120-121

By type and size of account__________________________________ 121

In banks grouped by percentage of deposits insured, by size of

account _________________________________________________ 121

Number and percent distribution, individual, partnership, and corporation 

accounts, insured commercial banks, November 18, 1964:

Demand, by size of account in each State and FDIC district___ 104-105

Demand, by size of bank and size of account___________________ 108

Savings and time, by size of account in each State and FDIC

district _______________________________________________106-107

Savings and time, by size of bank and size of account__________ 109

Admission of banks to insurance:

Applicants for, 1964____________________________________________13-14

Different methods followed______________________________________ 13

Number of banks admitted, by class of bank, 1964_______________ __ 158

Application from banks____________________ _______________ ___ _____13-14

INDEX

229

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Areas outside continental United States, banks and branches located in:

Assets and liabilities, December 31, 1964_________________________ 176-177

Average assets and liabilities, insured commercial banks, 1964____188-189

Deposits, December 31, 1964____________________________________ 168-169

Earnings, expenses, profits, and dividends, 1964_________________206-207

Number, December 31, 1964_______________________ 160, 167-169, 176-177

Assessments for deposit insurance______________________________________ 24-28

Assets, liabilities, and capital of banks (see also Deposits):

All banks:

Amounts by type and supervisory status, December 31, 1964______ 134

By FDIC district and State, December 31, 1964_________________176-177

Capital ratios by type and supervisory status, December 31,

1964 _______________________________________________________ 135

In banks grouped according to insurance status and type of

• bank, June 30, and December 31, 1964____________________172-175

Commercial banks, June 30, and December 31, 1964__________ 172-175

Insured banks, June and December call dates, 1961 through

1964 ____________________________________________________ 178-181

Insured commercial banks:

Amount, call dates, December 28, 1962 through December

31, 1964 ____________________________________________ 182-185

Average for 1964, by class of bank_______________________ 186

Average for 1964, by State___________ ___________________ 188-189

Percentage distributions, average for 1964, by class of bank___ 186

Percentage distributions, December and June call dates,

1962 through 1964___________________________________ 182-185

Percentage distributions of totals among size groups of banks,

December 31, 1964________ _________________________151, 187

Ratio of selected items to total assets, by size of bank, December 31, 1964________ ____________________________ 190-191

Insured mutual savings banks:

Amount, and percentage distributions, December and June

call dates, 1962 through 1964_______________________ __182-185

Major categories, average, 1956-1964_______________________ 217

Mutual savings banks:

Amount and percentage distribution, December 31, 1964______ 148

Banks grouped by insurance status, June 30, and December

31, 1964 ............. ......... ...................................................................172-175

Sources of data_______________________________________ 171, 193, 221

Assets and liabilities of the Federal Deposit Insurance Corporation____23-24

Assets pledged to secure bank obligations_______________________ 181, 185

Assets purchased by the Federal Deposit Insurance Corporation from

banks in financial difficulties__________________________________12, 221

Assumption of deposits of insured banks with financial aid of the Corporation (see also Banks in financial difficulties)____________ 14-15, 221

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Page

Attorney General of the United States, summary reports on absorptions _________________________________________________________ 31-60

Audit of the Federal Deposit Insurance Corporation_________________ 29

Bad-debt reserves. See Valuation reserves.

Bank supervision. See Supervision of banks; Examination of insured

banks.

Banking offices, number of. See Number of banks and branches.

Bank practices. See Unsafe and unsound banking practices.

Banks, applications from, acted on by the Federal Deposit Insurance

Corporation ____________________________________________________ 13-14

Banks, concentration and location of banking facilities____________ 139-147

Banks in financial difficulties:

Insured banks requiring disbursements by the Corporation:

Deposit size of___________________________________________ 224

Deposits protected, 1934-1964..................................3-12, 222, 224-225

Disbursements by the Corporation, 1934-1964__________ 7, 221-226

Loans made and assets purchased by the Corporation________ 12

Location by State, 1934-1964____________________________ __ 225

Losses incurred by the Corporation___________________ 7, 12, 226

Losses incurred by depositors_____________ _________ ______ 5-12

Name and location of, 1964.___________________________10, 223

Number of, 1934-1964.......................... .......... ......................... 11-12, 222

Number of deposit accounts, 1934-1964..................................224-225

Recoveries by the Corporation on assets acquired, 1934-

1964 ____ ________ ____ _____ ___ _____ ___ ____________12, 226

Noninsured banks:

Deposits of commercial banks closed, by year, 1934-1964........ 222

Sources of data___________________________________________ 221

Suspensions, 1964 ______________________________ _____ ___ 158

Suspensions of noninsured banks, 1964_______________ _____ 221

Banks, number of. See Number of banks and branches.

Banks operating branches, December 31, 1964_____________________160-167

Banks, size of largest banks according to branch banking status, banks

grouped by large metropolitan areas, June 30, 1964__________ __ .142-143

Banks, size of largest banks according to branch banking status, banks

grouped by State, December 31, 1964____________________________ 141

Board of Directors of the Federal Deposit Insurance Corporation. See

Federal Deposit Insurance Corporation.

Board of Governors of the Federal Reserve System. See Federal Reserve

Authorities.

Branches (See also Number of banks and branches):

Establishment approved by Federal Deposit Insurance Corporation,

1964 ____ ___ _____ _______ ______ _________ _________________13-14

INDEX 231

Examination of, 1963 and 1964_______

Increase, branches of all banks, 1964.

...... 16

136, 159

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Page

Business and personal deposits. See Deposits (items referring to type of 

account).

Call reports. See Assets, liabilities, and capital of banks; Reports from 

banks.

Capital of banks. See Assets, liabilities, and capital of banks; Banks in 

financial difficulties; Income of insured commercial banks; Examination of insured banks.

Charge-offs by banks. See Income of insured commercial banks; 

income of insured mutual savings banks; Valuation reserves.

Class of bank, banking data presented by:

Admissions to and terminations of insurance__________________ 158

Assets and liabilities of all banks______________________________133

Deposits, December 31, 1964_________________________________ 135

Income of insured commercial banks, 1964_________________ 198-199

Insured banks requiring disbursements by the Corporation, 1934-

1964 _____________________________________________________ 224

Number of banks and banking offices, 1964_____________ 133, 158-169

Ratios of income of insured commercial banks, 1964________ 200-201

Classification of banks_______________________________ 133-135, 156-157

Closed banks. See Banks in financial difficulties.

Commercial banks. See Assets, liabilities, and capital of banks; Deposit insurance coverage; Deposits; Income of insured commercial

banks; Number of banks and branches.

Comptroller General of the United States__________________________ 29

Comptroller of the Currency______________________IV, V, 8, 13, 22, 134-135

Consolidations. See Absorptions.

Credit, bank. See Assets, liabilities, and capital of banks.

Demand deposits. See Assets, liabilities, and capital of banks; Deposits 

(items referring to type of account).

Deposit insurance coverage:

Accounts fully and partially protected, November 18, 1964:

Number and proportion of, all insured banks, banks grouped by size, 

by percentage of deposits insured, by population of center, and

by class, and accounts grouped by type____________________ 96-97

Number and proportion of, all insured banks, by FDIC district and

State __________________________________________________94-95

Number and proportion of, SMSA’s with population over 500,000 _ 98-99 

Accounts fully protected:

Definition of _____________________________________________ 89-90

Difference from depositors fully protected____________________ 90

Number of, all insured banks, banks grouped by size, by percentage of deposits insured, by population of center, and by

class; and accounts grouped by type, November 18, 1964_____ 96-97

Special call dates, 1936, 1945, 1955, and 1964_________________ 77-78

Special call, November 18, 1964_______________________________ 77

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX 233

Deposit insurance coverage— Continued Page

Accounts fully protected, number and proportion, comparison with 

assumed coverages of $25,000 and $100,000 November 18, 1964:

By type of account, insured commercial banks_________________ 127

By type of account, insured mutual savings banks___________ 129

Discussion of______________________________________________87-88

Insured commercial banks, by FDIC district and State_________ 124-125

Insured commercial banks, by size of bank, by population of center,

and by class of bank__________________________________ 126-127

Insured commercial banks grouped by percentage of deposits

insured _________________________________________________ 127

Insured mutual savings banks, banks grouped by FDIC district, by 

State, by size of bank, by population of center, and by percent of

deposits insured, November 18, 1964______________________128-129

Banks grouped by percent of deposits insured, comparison with

assumed coverages of $25,000 and $100,000 November 18, 1964___ 130

Deposits insured:

Amount of, all insured banks, grouped by size, by percentage of 

deposits insured, by population of center, by class, and accounts grouped by type, November 18, 1964_______________ 96-97

Definition o f________________________________________________ 90

Special call dates, 1936, 1945, 1955, and 1964_________________ 77-81

Special call, November 18, 1964_______________________________ 77

Types o f___________________________________________________ 78

Deposits insured, amount and proportion, comparison with assumed 

coverages of $25,000 and $100,000, November 18, 1964:

By type of account, insured commercial banks_________________ 127

By type of account, insured mutual savings banks______________ 129

Insured commercial banks, by FDIC district and State___ _____124-125

Insured commercial banks, by size of bank, by population of

center, and by class of bank_____________________________126-127

Insured commercial banks grouped by percentage of deposits

insured ________________________________________________ 127

Insured mutual savings banks, banks grouped by FDIC district, 

by State, by size of bank, by population of center, and by percent 

of deposits insured, November 18, 1964____________________128-129

Deposits insured and uninsured, November 18, 1964:

Amount and proportion of, all insured banks, banks grouped by size, 

by percentage of deposits insured, by population of center, and 

by class, and accounts grouped by type____________________ 96-97

Amount and proportion of, all insured banks, by FDIC district and 

State __________________________________________________94-95

Amount and proportion of, cities with population over 500,000, by

city ____________________________________________________ 99

Instructions and form, special call for deposit information, November

18, 1964 ___________________________________________________ 91-92

Depositors (See also Accounts in insured banks):

Claims against closed insured banks. See Banks in financial difficulties.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Depositors (See also Accounts in insured banks)— Continued Page

Losses. See Banks in financial difficulties.

Number of, difference from number of accounts_____________________ 90

Protected in insolvent or hazardous banks suspended or absorbed. See

Banks in financial difficulties.

Deposit insurance national banks______________________________________ 10

Deposits:

All banks:

By insurance status of bank and type of account, December 31,

1964 _____________________________________________________ 175

By insurance status of bank and type of account, June 30, 1964___ 173

By supervisory status and insurance status, December 31, 1964___ 135

By type of account in each State and FDIC district, December 31,

1964 ___________________________________________________176-177

By type of bank and insurance status, December 31, 1964_________ 135

By type of bank in each State and FDIC district, December 31,

1964 ___________________________________________________168-169

All insured banks:

By FDIC district and State, November 18, 1964________________ 94-95

By percent of deposits insured and type of account, November 18,

1964 ___________________________________________________96-97

By size of bank, population center, and by class and type of bank,

November 18, 1964_______________________________________96-97

By Standard Metropolitan Statistical Area and City, November 18,

1964 ___________________________________________________98-99

By type of account, December 31, 1964________________________ 175

By type of account, call dates, June 30, 1961, through December

31, 1964 _______________________________________________ 180

Ratios of deposit insurance fund to, 1934-1964_____________ 24n, 28

Commercial banks:

By FDIC district and State, December 31, 1964______________ 168-169

By proportion of total deposits held by the largest banks, December

31, 1964 ________________________________________________ 140

By type of account, December 31, 1964________________________ 175

By type of account, June 30, 1964_____________________________ 173

Insured banks requiring disbursements by the Corporation. See Banks 

in financial difficulties.

Insured commercial banks:

By type of account, call dates, December 31, 1962, through December 31, 1964_____________________________________________ 182

Percentage distributions of selected totals among size groups of

banks, December 31, 1964_________________________________ 187

Insured mutual savings banks:

By FDIC district and State, December 31, 1964______________ 168-169

By type of account, call dates, December 28, 1962, through December 31, 1964_____________________________________________ 182

Interest and dividends on, 1956-1964__________________________ 216

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX 235

Deposits— Continued Page

Largest commercial banks:

By selected metropolitan area and character of branch system___ 142

By State and character of branch system_____________________ 141

United States______________________________________________ 140

Mutual savings banks:

By FDIC district and State, December 31, 1964______________ 168-169

By type of account, June 30, and December 31, 1964_________ 173, 175

Noninsured banks:

By FDIC district and State, December 31, 1964_______________ 168-169

By type of account and type of bank, June 30, and December 31,

1964 _______________________________________________173, 175

Percent distribution of, insured commercial banks:

By size of account in each State and FDIC district, November 18,

1964 _________________________________________________110-111

By size of account and with banks grouped by FDIC district, by 

State, by size of bank, by population of center, and by percent

of deposits insured, November 18, 1964____________________110-113

By type and size of account, November 18, 1964_______________ 113

Percent distribution of, insured mutual savings banks:

By size of account, and with banks grouped by FDIC district, by 

State, by size of bank, by population of center, and by percent

of deposits insured, November 18, 1964__________________ 122-123

By type and size of account, November 18, 1964_______________ 123

Percent distribution of, in individual, partnership, and corporation accounts, insured commercial banks:

Demand, by size of account in each State and FDIC district,

November 18, 1964_____________________________________114-115

Demand, by size of bank and size of account, November 18, 1964 ... 118 

Savings and time, by size of account in each State and FDIC district, November 18, 1964________________________________116-117

Savings and time, by size of bank and size of account, November 

18, 1964_________________________________________________ 119

Sources of data________________________________________________ 171

State legislation_____ __________________________________________67-73

Deposits, insured by FDIC, 1934-1964.......... ................ ........................................ 28

Directors of the Federal Deposit Insurance Corporation. See Federal Deposit 

Insurance Corporation.

Disbursements. See Banks in financial difficulties.

Disclosure of information by banks (see also Legislation relating to deposit 

insurance and banking; Federal Deposit Insurance Corporation rules and 

regulations) ____________________________________________________18, 20

Dividends:

To depositors in insured mutual savings banks______ 153-154, 216, 218-219

To stockholders of insured commercial banks. See Income of insured 

commercial banks.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Page

Earnings of banks. See Income of insured commercial banks; Income of

insured mutual savings banks.

Educational program for bank examiners_______________________________ 23

Employees:

Federal Deposit Insurance Corporation____________________________22-23

Insured commercial banks:

Distribution by deposit size of bank, 1964______________________ 151

Number and compensation, 1955-1964_______________________194-197

Number and compensation, by class of bank, by size of bank, and

by State, 1964_________________________198-199, 202-203, 206-215

Insured mutual savings banks, number and compensation_________ 216-217

State legislation ______________________________________________ 67-73

Examination of insured banks:

Banks examined by the Federal Deposit Insurance Corporation,

1964 ________________________________________________ 16, 133-134

Examination school_____________________________________________ 23

Examination staff_______________________________________________ VI, 22

Powers granted to supervisory authorities________________________133-134

Expenses of banks. See Income of insured commercial banks; Income of insured mutual savings banks.

Expenses of the Corporation_________________________________________ 25-27

Failures. See Banks in financial difficulties.

Federal bank supervisory authorities___________________________ 13-14, 133-135

Federal Deposit Insurance Act. (see also Legislation relating to deposit insurance and banking) _______________________________________________ 24n

Federal Deposit Insurance Corporation:

Assessments on insured banks_____________________________________ 23-27

Assets __________________________________________________________ 23-24

Audit _____________________________________________________________ 29

Banks examined by, and submitting reports to________________ 16, 133-135

Board of Directors, actions on applications and banking practices_____13-18

Borrowing power _________________________________________________ 24n

Capital stock _____________________________________________________ 24n

Coverage of deposit insurance, banks participating____8, 77, 78, 133, 158-167

Deposit insurance fund (surplus)________________________________24n, 23-29

Directors (members of the Board)________________________________V, 21-22

Disbursements for protection of depositors______________ 5-7, 9-12, 221-226

Districts __________________________________________________________ VI

Divisions ________________________________________________________ IV, 22

Educational program for bank examiners___________________________ 23

Employees ______________________________________________________ 21-22

Examination of banks____________________________________ VI, 16, 133-134

Financial statements______________________________________________ 24-25

Income and expenses, 1933-1964___________________________________ 27

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX 237

Federal Deposit Insurance Corporation— Continued Page

Income and expenses, 1964______ _____________________________ 25-27

Insured banks requiring disbursements by. See Banks in financial difficulties.

Liabilities _____________________________________________________23-24

Loans to and purchase of assets from insured banks________ 221, 224-225

Losses incurred, 1934-1964__________________________________7, 12, 226

Methods of protecting depositors______________________________9-12, 221

Organization and staff_____________________________________IV-VI, 21-23

Payments to insured depositors__________________________________ 9-12

Protection of depositors___________________________________ 6, 224-225

Recoveries __________________________________________________12, 226

Reports from banks__________________________________________17-18, 92

Reserve for losses on assets acquired_____________________________ 25

Retirement of capital stock of the Corporation__________________8, 24n

Rules and regulations______________________________________ 20, 66-67

Sources and uses of funds_______________________________________ 26

Supervisory activities___________________________________13-18, 133-136

Federal Deposit Insurance Corporation districts, banking data classified by:

All banks:

Assets and liabilities, December 31, 1964______________________ 176

Number and deposits, by type of bank, December 31, 1964______ 168

Federal Reserve authorities_____________________________________13, 133-135

Federal Reserve member banks. See Class of bank, banking data presented by.

General Accounting Office__________________________________________ 29

Government deposits. See Deposits (items referring to type of account).

Income of the Federal Deposit Insurance Corporation___________________ 25-28

Income of insured commercial banks:

Amounts of principal components:

Annually, 1956-1964______________________________________194-195

By class of bank, 1964____________________________________198-199

By size of bank, 1964_____________________________________202-203

By State, 1964__________________________________________ 206-215

Charge-offs and recoveries, 1955-1964___________________________194-195

Income, sources and disposition of total, 1964___________________ 150-152

Profits, 1956-1964 ___________________________________________194-195

Profits, 1964____________________________________193, 198-199, 202-203

Rates of income on assets, 1956-1964__________________________ 196-197

Rate of net profit on total capital accounts, 1964___________ 193, 200, 205

Ratios of income items:

Annually, 1956-1964______________________________________196-197

By class of bank, 1964___________________________________ 200-201

By size of bank, 1964____________________________________ 204-205

Sources and disposition of total, 1962-1964____________________ 151

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Income of insured commercial banks— Continued Page

Ratios of expense items_____________________ 153, 196, 200-201, 204-205

Revision of report of income and dividends_________________________ 193

Selected operating ratios, 1950-1964______________________________ 153

Sources of data_________________ ______________________________ 193

Income of insured mutual savings banks:

Amounts of principal components, 1962-1964___________________ 216-217

Income, sources and disposition of total, 1963-1964________________ 154

Rates of income on assets, 1956-1964_____________________________ 218

Ratios of expense items_______________________________________218-219

Ratios of income items________________________________________218-219

Sources of data_____________________________________________ __ 193

Insolvent banks. See Banks in financial difficulties.

Insurance of bank obligations______________________________________3-12, 28

Insurance status, banks classified by:

Assets and liabilities, June 30 and December 31, 1964____ 134, 172-175

Capital ratios______________________________________________ 135

Changes in number, 1964_________________________________158-159

Deposits, June 30 and December 31, 1964________ __________ 173-175

Number, December 31, 1964__________________________133, 158-169

Percentage of banks insured, by State, December 31, 1964_____ 160-167

Insured banks. See Assets, liabilities, and capital of banks; Banks in financial difficulties; Deposits; Deposit insurance coverage; Income of insured 

commercial banks; Income of insured mutual savings banks; Number of 

banks and branches.

Insured commercial banks not members of the Federal Reserve System. See 

Class of bank, banking data presented by.

Insured deposits. See Banks in financial difficulties; Deposit insurance 

coverage.

Insured State banks members of the Federal Reserve System. See Class of 

bank, banking data presented by.

Interbank deposits. See Deposits (items referring to type of account).

Interest. See Income of insured commercial banks; Income of insured mutual 

savings banks.

Investments. See Assets, liabilities, and capital of banks; Assets and liabilities of the Federal Deposit Insurance Corporation; Banks in financial 

difficulties.

Law, violations of by insured banks__________________________________16-17

Legislation relating to deposit insurance and banking:

Federal, enacted in 1964__________________________________18-19, 63-66

Relating to bank supervision_____________________________________ 133

State, enacted in 1964_________________________________________ 67-73

Loans. See Assets, liabilities, and capital of banks; Banks in financial difficulties.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX 239

Losses:

Of banks, charged off. See Income of insured commercial banks; Income of insured mutual savings banks.

Of the Federal Deposit Insurance Corporation_______________4, 7, 12, 226

Provision for, in insured banks, 1956-1964_______________194-195, 216-217

Mergers. See Absorptions.

Methods of tabulating banking data:

Assets and liabilities of banks____________________________________ 171

Deposit insurance disbursements_________________________________ 221

Income of insured banks________________________________________ 193

Number, offices, and deposits of banks__________________________156-157

Metropolitan areas, banking concentration in_________ 141, 142-143, 144

Mutual savings banks. See Assets, liabilities, and capital of banks; Deposit 

insurance coverage; Deposits; Income of insured mutual savings banks; 

Number of banks and branches.

National banks. See Class of bank, banking data presented by.

New banks, 1964____________________________________________ 136, 158-159

Noninsured banks. See Absorptions; Admission of banks to insurance; 

Assets, liabilities, and capital of banks; Banks in financial difficulties; 

Classification of banks; Class of bank, banking data presented by; 

Deposits; Number of banks and branches; Reports from banks.

Number of banks and branches:

Banking offices (banks and branches):

By insurance status, type of bank, and State, December 31,

1964 ___________________________________________________ 160-167

Changes during 1964_____________________________________ 136, 159

Banks:

By insurance status and type of bank, December 31, 1964-133, 159, 175

By insurance status and type of bank, June 30, 1964___________ 173

By insurance status, type of bank, and State, December 31,

1964 _________________________________________________ 160-167

By insurance status, type of bank, FDIC district and State, December

31, 1964_______________________________________________ 168-169

By number of offices in center in which located and population of

center, December 31, 1964___________ ____________________ 145

By status of branch banking and metropolitan area counties and

other counties, December 31, 1964__________ ______________ 146

Changes during 1964, by type of bank______________________136, 159

Operating branches, by insurance status and State, December 31,

1964 ________________________________________________ 160-167

Branches:

By insurance status, type of bank, and State, December 31,

1964 _________________________________________________ 160-167

Changes in, during 1964____ _____________________________136, 159

Number of, 1964_________________________________________ 136, 159

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Number of banks and branches— Continued Page

Insured commercial banks:

December 31, 1956-1964__________________________________195, 197

December 31, 1964, by class, deposit size of bank, or

State ____________________________________151, 199, 203, 213, 215

Distributed by capital ratios and distribution assets, December

31, 1964 ______________________________________________190-191

Insured mutual savings banks, 1956-1964______________________217-219

Mutual savings banks, December 31, 1964_________________ 133, 159-169

Noninsured banks:

Noninsured banks, December 31, 1964________________ 133, 159-169

Trust companies, December 31, 1964______________________ 159-169

Unit banks, by insurance status and State, December 31, 1964__„160-167

Obligations of banks. See Assets, liabilities, and capital of banks; Deposits.

Officers of insured banks. See Employees.

Officers of the Federal Deposit Insurance Corporation_______________ V, 21-22

Operating banks. See Number of banks and branches.

Payments to depositors in closed insured banks. See Banks in financial 

difficulties.

Personnel. See Employees.

Population of center, number of commercial banking offices by__________ 145

Possessions, banks and branches located in. See Areas outside continental 

United States, banks and branches located in.

Protection of depositors. See Banks in financial difficulties.

Public funds. See Deposits (items referring to type of account).

Receivership, insured banks placed in. See Banks in financial difficulties. 

Recoveries:

By banks on assets charged off. See Income of insured commercial 

banks; Income of insured mutual savings banks.

By the Corporation on disbursements. See Banks in financial difficulties.

Report from banks_________________________________________17-18, 77, 133

Reserves:

Of Federal Deposit Insurance Corporation, for losses on assets acquired 25 

Of insured banks for losses on assets. See Valuation reserves.

With Federal Reserve banks. See Assets, liabilities, and capital of banks.

Salaries and wages:

Federal Deposit Insurance Corporation____________________________ 25

Insured banks. See Income of insured commercial banks; Income of insured mutual savings banks.

Savings and time deposits. See Deposits (items referring to type of account).

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
INDEX 241

Page

Securities. See Assets, liabilities, and capital of banks; Assets and liabilities 

of the Federal Deposit Insurance Corporation; Banks in financial difficulties.

Size of bank, data for banks classified by amount of deposits:

Assets and liabilities, insured commercial banks, 1964_______________ 187

Banks requiring disbursements by the Corporation, 1934-1964________ 224

Disbursements for protection of depositors, 1934-1964_______________ 224

Income data of insured commercial banks, 1964_________________ 202-203

Income ratios of insured commercial banks, 1964___________ 151, 204-205

Number of employees of insured commercial banks, 1964________ 151, 203

Number of insured commercial banks, 1964__________________151, 203, 205

Number of insured commercial banks grouped by ratios of selected

items to assets, December 31, 1964__________________________190-191

Percentages of selected totals, insured commercial banks, 1964_____ 151

State bank supervisory authorities:

Data obtained from_____________________________________________ 171

Number of banks supervised by________________________________133-134

State legislation regarding_______________________________________67-73

State, banking data classified by:

Assets and liabilities of banks, December 31, 1964_________________176-177

Concentration of deposits, by prevalence of branch banking, December

31, 1964___________________________________________________ 139-141

Deposits of banks, by class of bank, December 31, 1964____________168-169

Disbursements, deposits, and depositors in insured banks requiring disbursements by the Corporation, 1934-1964_______________________ 225

Income of insured commercial banks, 1964______________________ 206-215

Number of banks and branches, by class of bank and type of office,

December 31, 1964_________________________________________ 160-167

Percentage of banks insured, December 31, 1964__________________160-167

State banking legislation enacted in 1964______________________________67-73

State banks. See Class of bank, banking data presented by.

Stockholders of banks, net profits available for. See Income of insured commercial banks.

Summary of this report______________________________________________ XV

Supervision of banks (see also Examination of insured banks):

By the Federal Deposit Insurance Corporation_________ VI, 13-17, 133-136

Federal and State supervision__________________________________133-136

State legislation, 1964___________________________________________ 67-73

Suspensions. See Banks in financial difficulties.

Taxes paid by insured banks. See Income of insured commercial banks; 

Income of insured mutual savings banks.

Terminations of insurance for unsafe and unsound practices______________16-17

Time and savings deposits. See Deposits (items referring to type of account). 

Trust companies, classification of__________________________ ___ 133, 156-157

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

Page

Trust powers:

Applications fo r____ ___________________________________________ 14

State legislation__ _____________________________________________ 68-73

Unit banks, by insurance status and State, December 31, 1964_________ 160-167

Unsafe and unsound banking practices________________________________16-17

Valuation reserves (see also Assets, liabilities, and capital of banks):

Amounts held, June and December call dates, 1961 through 1964_____ 179

Amounts held, June 29 and December 31, 1964______________172, 174, 183

Changes, 1956-1964__________________________________194-195, 216-217

Violations of law or regulations, banks charged with_____________________16-17

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis