ANNUAL REPORT

OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION

FOR THE YEAR ENDED 

DECEMBER 31, 1951

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
L E T T E R OF T R A N S M IT T A L

F e d e r a l D e p o s it In s u r a n c e C o r p o r a tio n

Washington, D. C., June 20, 1952

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

Deposit Insurance Act, the Federal Deposit Insurance Corporation 

has the honor to submit its annual report.

Respectfully,

M a p le T . H a r l , Chairman

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

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

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Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
FEDERAL DEPOSIT INSURANCE CORPORATION

N a tio n a l P ress B u ild in g — W ash in gton 25, D. C.

BOARD OF DIRECTORS

Chairman.............................................................................................M ap le T. H a r l

(H. E a r l Cook

Directors............................................................................................<

( P reston D elano

OFFICIALS—JUNE 20, 1952

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

Assistant to Chairman..................................................................... Lyle L. Robertson

Assistant to Director.........................................................................John N. Dinsmore

Associate General Counsel.............................................................. Norris C. Bakke

Chief, Division of Examination....................................................Vance L. Sailor

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

Chief, Service Division.....................................................................Henry T. Ivey

Director of Personnel....................................................................... Floyd E. Tift

Chief, Division of Liquidation...................................................... Edward C. Tefft

Treasurer............................................................................................. Russell D. Miller

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

Budget Officer..................................................................................... Dana G. Messer

V

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Federal Reserve Bank of St. Louis
D IS T R IC T O F FIC E S

D is t . S u p e r v isin g

No. Ex a m in e r

1. Lundie W . Barlow

2. Neil G. Greensides

3. Gilbert" E. Mounts

(Asst. Supervising

Examiner)

4. Robert N. McLeod

5. John E. Freeman

6. W . Clyde Roberts

7. Raby L. Hopkins

8. Eugene R. Gover

9. Charles F. Alden

10. Hugh Williams

(Asst. Supervising

Examiner)

11. Linton J. Davis

12. William P. Funsten

A ddress Sta t e s in d istr ic t

Room 1365, No. 10 Post Maine, New Hampshire,

Square, Boston 9, Mass. Vermont, Massachusetts,

Rhode Island, Connecticut

Room 1900, 14 Wall Street, New York, New Jersey,

New York 5, N. Y . Delaware, Puerto Rico,

Virgin Islands

City National Bank

Building, 20 East Broad

Street, Columbus 15, Ohio

200 Bank of Virginia

Building, Fourth and

Grace Streets,

Richmond 19, Va.

625 First National Bank

Building, Atlanta 3, Ga.

1059 Arcade Building,

St. Louis 1, Mo.

715 Tenney Building,

Madison 3, Wis.

741 Federal Reserve Bank

Building, 164 W . Jackson

Blvd., Chicago 4, 111.

1200 Minnesota Building,

St. Paul 1, Minn.

901 Federal Reserve Bank

Building, Kansas City 6,

Missouri

Federal Reserve Bank

Building, Station K,

Dallas 13, Tex.

Suite 1120, 315 Montgomery Street, San

Francisco 4, Calif.

Ohio, Pennsylvania

District of Columbia, Maryland, Virginia, West Virginia, North Carolina,

South Carolina

Georgia, Florida, Alabama,

Mississippi

Kentucky, Tennessee,

Missouri, Arkansas

Indiana, Michigan,

Wisconsin

Illinois, Iowa

Minnesota, North Dakota,

South Dakota, Montana

Nebraska, Kansas,

Oklahoma, Colorado,

Wyoming

Louisiana, Texas,

New Mexico, Arizona

Idaho, Utah, Nevada,

Washington, Oregon, California, Alaska, Hawaii

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

V ^ v t * 0 $tot4

, t\‘

C O ^*

DISTRICT 2 INCLUDES PUERTO RICO & VIRGIN ISLANDS

DISTRICT 4 INCLUDES DISTRICT OF COLUMBIA

DISTRICT 12 INCLUDES HAWAII & ALASKA

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
CONTENTS

Page

Summary..................................................................................................................................... xvii

PART ONE

OPERATIONS OF THE CORPORATION

Insured deposits and the deposit insurance fund.......................................................... 3

Participation in deposit insurance..................................................................................... 6

Action to protect depositors in failing banks................................................................. 8

Supervisory activities............................................................................................................. 14

Legal developments................................................................................................................. 19

Personnel and financial statements of the Corporation.............................................. 19

PART TW O

BANKING DEVELOPMENTS

Assets and liabilities of all banks....................................................................................... 31

Assets and liabilities of insured commercial banks...................................................... 34

Income of insured commercial banks................................................................................ 40

Mutual savings banks............................................................................................................. 50

Insured mutual savings banks............................................................................................. 54

PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

Special calls for deposit information.................................................................................. 59

Accounts and deposits, all insured banks, September 19, 1951............................. 60

Impact of increase in insurance coverage........................................................................ 67

Changing distributions of insured banks and their accounts and deposits,

1934 to 1951........................................................................................................................... 73

Detailed tables.......................................................................................................................... 78

Instructions and form............................................................................................................. 113

PART FOUR

LEGISLATION

State banking legislation....................................................................................................... 119

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

Number, offices, and deposits of operating banks........................................................ 126

Assets and liabilities of operating banks.......................................................................... 140

Examiners’ evaluation of insured commercial banks................................................... 152

Earnings, expenses, and dividends of insured banks................................................... 160

Deposit insurance disbursements....................................................................................... 186

ix

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Federal Reserve Bank of St. Louis
LIST OF CHARTS

Page

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

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

A. Total and insured deposits, all insured banks, mid-year and year end,

1934-1951....................................................................................................................... 3

B. Ratios of deposit insurance fund to total and insured deposits, all insured

banks, mid-year and year end, 1934-1951.......................................................... 4

C. Percentage of banks of deposit in each State which were insured, December 31, 1951 (map)............................................................................................. 8

D . Percentage of deposits in each State which were in insured banks, December 31, 1951 (map)..................................................................................................... 9

E. Distribution of assets of all banks, December 31, 1945 and 1951.................. 32

F. Percentage increase during 1951 in business and personal deposits, all banks

(m ap)............................................................................................................................. 33

G. Insured or guaranteed residential real estate loans, December 31, 1951,

and increase in residential real estate loans, 1945 to 1951, insured

commercial banks..................................................................... ................................. 37

H. Ratio of total capital accounts to total assets, insured commercial banks,

December 31, 1951 (map)........................................................................................ 39

I. Banks grouped by ratio of total capital accounts to total assets, insured

commercial banks, December 31, 1951............................................................... 40

J. Operating experience of insured commercial banks, 1950-1951....................... 41

K . Sources and disposition of total income, insured commercial banks, 1951.. 42

L. Proportions of total current operating earnings derived from loans, U. S.

Government obligations, and other sources, insured commercial banks,

1945-1951....................................................................................................................... 44

M. Proportions of profits after taxes retained in capital accounts, 1951, insured

commercial banks grouped by size....................................................................... 49

N. Rate of net profit after taxes on total capital accounts, insured commercial

banks, 1951 (map)...................................................................................................... 49

O. Percentage of total bank deposits held by mutual savings banks in States

having mutual savings banks, December 31, 1951......................................... 52

P. Sources and disposition of total income, insured mutual savings banks, 1951 56

Q. Proportion of accounts fully protected and deposits insured, all insured

banks, by size of bank, September 19, 1951.................... ............................ 62

R. Proportion of deposits insured and of accounts fully protected, all insured

banks grouped by percentage of deposits insured, September 19, 1951.. 64

S. Percentage distributions of insured deposits, September 19, 1951, by size

of bank, population of center, class of bank, and type of account. . . . 66

T. Total and insured deposits, special call dates, 1934-1951, and insured

amounts with coverage at $5,000 and at $10,000........................................... 69

U. Accounts fully protected and deposits insured with maximum coverage

for each depositor of $5,000, $10,000, $25,000, and all deposits, all insured banks, September 19, 1951.......................................................................... 71

V. Total number of accounts, accounts per 100 population, and average size

of account, all insured banks, special call dates, 1936-1951........... ........ 74

X

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Federal Reserve Bank of St. Louis
LIST OF TABLES

PART ONE

OPERATIONS OF THE CORPORATIONS

Page

I nsured deposits and the deposit insurance fu n d :

1. Insured deposits and the deposit insurance fund, 1934-1951........................... 5

Participation in deposit in su r an c e:

2. Number and deposits of operating banks in the United States and possessions, December 30, 1951.................................................................................... 7

A ction to protect depositors in failing b a n k s:

3. Losses to depositors and to the Federal Deposit Insurance Corporation in

insured banks in financial difficulties, by years, 1934-1951.......................... 10

4. Number of depositors, amount of deposits, recoveries, and losses in insured

banks placed in receivership or absorbed with the financial aid of the

Corporation, 1934-1951............................................................................................. 11

5. Payment of deposits by the Corporation and by receivers in 245 insured

banks placed in receivership................................................................................... 12

6. Disbursements to protect depositors, recoveries, and losses by the Corporation from insured banks placed in receivership or absorbed with

its financial aid, 1934-1951...................................................................................... 13

7. Estimated losses to the Corporation compared with disbursements, by

year of estimate, 1944-1951..................................................................................... 14

Supervisory a c tiv itie s:

8. Actions to terminate insured status of banks charged with engaging in

unsafe or unsound practices or violations of law or regulations, 1936-1951 17

Personnel and financial statements of the corporation:

9. Number of officers and employees, Federal Deposit Insurance Corporation,

December 31, 1941, and December 31, 1951..................................................... 20

10. Assets, liabilities, and insurance fund of the Federal Deposit Insurance

Corporation, December 31, 1951, and December 31, 1950.......................... 20

11. Assets acquired by the Federal Deposit Insurance Corporation through

bank suspensions and absorptions from beginning of operations to

December 31, 1951..................................................................................................... 21

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

1934-1951....................................................................................................................... 22

13. Statement of operations of the Federal Deposit Insurance Corporation

for the year ended December 31, 1951................................................................ 23

14. Determination and distribution of net assessment income, Federal Deposit

Insurance Corporation, December 31, 1951...................................................... 23

15. Operating expenses of the Federal Deposit Insurance Corporation, year

ended December 31, 1951........................................................................................ 24

16. Income and expenses of the Federal Deposit Insurance Corporation from

beginning of operations September 11, 1933, to December 31, 1951,

adjusted as of December 31, 1951............................................................ .. 25

17. Financial statements of the Federal Deposit Insurance Corporation—

from Auditors’ Report for the year ended June 30, 1951............................ 27

xi

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

PART TW O

BAN KIN G DEVELOPMENTS

Page

A ssets and liabilities of all b a n k s:

18. Assets and liabilities, all banks, United States and possessions, 1945-1951.. 31

19. Principal types of loans, all banks, United States and possessions, 1945-1951 32

20. Types of deposits, all banks, United States and possessions, 1945-1950 33

A ssets and liabilities of insured commercial b a n k s:

21. Assets and liabilities, insured commercial banks, United States and possessions, 1945-1951..................................................................................................... 34

22. Substandard assets, insured commercial banks, 1945-1951................................. 35

23. Maturities of United States Government obligations held by insured

commercial banks, 1945-1951................................................................................. 36

24. Capital accounts, insured commercial banks, United States and possessions, 1934-1951.................................................................................................. ......... 38

I ncome of insured commercial b a n k s:

25. Percentage distribution of sources and disposition of total income, insured

commercial banks, 1945-1951........................................................................ ........ 42

26. Earnings, expenses, and profits, insured commercial banks, 1934-1951. . 43

27. Selected operating ratios, insured commercial banks, 1945-1951.................... 45

28. Number and average salary of employees, insured commercial banks, 1951,

banks grouped by amount of deposits................................................................ 46

29. Insured commercial banks, United States and possessions, using reserve

method of accounting for bad-debt losses on loans in accordance with

ruling of Commissioner of Internal Revenue, 1948-1951............................. 48

M utual savings b a n k s:

30. Assets and liabilities of mutual savings banks, United States, 1945-1951.. 53

31. Number and deposits of insured and noninsured mutual savings banks,

by State, December 31, 1951.................................................................................. 54

32. Sources and disposition of total income, insured mutual savings banks, 1951 55

PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

A ccou n ts and deposits, a l l insured banks, September 19, 1951:

33. Number of accounts and amount of deposits in insured banks, September

19, 1951

All insured banks grouped by amount of deposits, population of center,

class, and proportion of deposits insured; and accounts grouped by type 61

34. Ratios indicating the scope of deposit insurance, September 19, 1951

All insured banks grouped by amount of deposits, population of center,

class, and proportion of deposits insured; and accounts grouped by type 63

35. Ratios indicating distribution of contingent liability and concentration of

risk to the Federal Deposit Insurance Corporation, September 19, 1951

All insured banks grouped by amount of deposits, population of center,

class, and proportion of deposits insured; and accounts grouped by type 65

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LIST OF TABLES

I mpact of increase in insurance coverage:

36. Fully protected accounts and insured deposits under insurance coverage

of $5,000 and $10,000 respectively, all insured banks, special call dates,

1938 to 1951..................................................................................................................

37. Change in accounts fully protected and deposits insured by raising the

coverage to $25,000 or to all deposits, compared with change in coverage

from $5,000 to $10,000

Data for September 19, 1951: all insured banks grouped by amount of

deposits, population of center, and class; and accounts grouped by type

38. Deposits insured with coverages for each depositor of $10,000, $25,000, and

all deposits, September 19, 1951

All insured banks grouped by amount of deposits, population of center,

and class; and accounts grouped by type......................................................

Changing distributions op insured banks and th e ir accounts and deposits, 1934 to 1951:

39. Number and percentage distribution of insured banks, special call dates,

1934 to 1951

All insured banks grouped by amount of deposits and class........................

40. Number of accounts, amount of deposits, accounts per 100 population,

and average size of account, all insured banks, special call dates, 1936

to 1951

B y type of account.................................................................................................

41. Insured commercial banks, special call dates, 1936 to 1951

Banks grouped by percentage of deposits insured...........................................

D etailed t a b le s: distribution of accounts and deposits, all insured

b a n k s:

42. Accounts fully and partially protected and deposits insured, September

19, 1951

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................................

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

banks, September 19, 1951

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

class, and percent of deposits insured; and accounts grouped by type. .

D etailed ta b le s: distribution of accounts of insured commercial banks

ACCORDING TO SIZE OF ACCOUNT:

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

September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................................

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

September 19, 1951

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

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

by type....................................................................................................................

46. Distribution of demand accounts of individuals, partnerships, and corporations, according to size of account, insured commercial banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State................................................................................................................

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

and corporations, according to size of account, insured commercial

banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State...............................................................................................................

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

D e t a il e d t a b l e s : d is tr ib u t io n s of accou n ts of in s u r e d com m er cial b a n k s

a cco rd in g to size of acco u n t :— Continued

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

September 19, 1951

Banks grouped by amount of deposits...........................................................

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

corporations, according to size of account, insured commercial banks,

September 19, 1951

Banks grouped by amount of deposits...............................................................

D e t a il e d t a b l e s : d is t r ib u t io n of d epo sits in in s u r e d c o m m er cial b a n k s

ACCORDING TO SIZE OF ACCOUNT:

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

banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State...............................................................................................................

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

banks, September 19, 1951

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

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

by type....................................................................................................................

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

September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State...............................................................................................................

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

and corporations, according to size of account, insured commercial

banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State...............................................................................................................

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

September 19, 1951

Banks grouped by amount of deposits................................................................

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

corporations, according to size of account, insured commercial banks,

September 19, 1951

Banks grouped by amount of deposits................................................................

D e t a il e d t a b l e s : d is t r ib u t io n of accou n ts an d d e po sits b y s ize of

ACCOUNT, INSURED MUTUAL SAVINGS BANKS:

56. Distribution of accounts according to size, insured mutual savings banks,

September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district,

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

insured; and accounts grouped by type..........................................................

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

savings banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district,

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

insured; and accounts grouped by type..........................................................

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LIST OF TABLES XV

Page

D e t a il e d t a b l e s : accou n ts fu l l y pr o t e c te d an d d e po sits in s u r e d w it h

SPECIFIED AMOUNTS OF COVERAGE:

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

maximum coverage, insured commercial banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district

and State................................................................................................................ 106

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

maximum coverage, insured commercial banks, September 19, 1951

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

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

by type.................................................................................................................... 108

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

maximum coverage, insured mutual savings banks, September 19, 1951

Banks grouped by Federal Deposit Insurance Corporation district,

State, amount of deposits, population of center in which located, and

percent of deposits insured; and accounts grouped by type.................... 110

61. Distribution of insured banks grouped by percentage of deposits insured

under specified amounts of maximum coverage, September 19, 19 51 ... 112

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

N um ber, offices, and deposits of operating b a n k s:

Explanatory note..................................................................................................................... 126

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

in the United States and possessions during 1951........................................ 128

102. Number of operating banks and branches, December 31, 1951

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

and type of office................................................................................................ 130

103. Number and deposits of operating banks, December 31, 1951

Banks grouped according to insurance status and by district and State. . 138

A ssets and liabilities of operating b a n k s:

Explanatory note..................................................................................................................... 140

104. Assets and liabilities of operating banks in the United States and possessions, June 30, 1951

Banks grouped according to insurance status and type of bank............... 142

105. Assets and liabilities of operating banks in the United States and possessions, December 31, 1951

Banks grouped according to insurance status and type of bank............... 144

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

possessions, December 31, 1951

Banks grouped by district and State................................................................ 146

107. Assets and liabilities of operating insured banks, December 31, 1951,

June 30, 1951, and December 30, 1950............................................................. 148

E x a m in e r s’ evaluation of insured commercial b a n k s:

Explanatory note..................................................................................................................... 152

108. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks examined in 1942-1951............................................................... 154

109. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks examined in 1951

Banks grouped according to amount of deposits........................................... 156

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xvi FEDERAL DEPOSIT INSURANCE CORPORATION

Page

Exam iners’ e valu a tio n o f insured com m ercial banks:— Continued

110. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks examined in 1951

Banks grouped by Federal Deposit Insurance Corporation district and

State...................................................................................................................... 158

E arnings, e xp e n se s, and dividends of insured b a n k s:

Explanatory note...................................................................................................................... 160

111. Earnings, expenses, and dividends of insured commercial banks, 1943-1951 162

112. Ratios of earnings, expenses, and dividends of insured commercial banks,

1943-1951..................................................................................................................... 164

113. Earnings, expenses, and dividends of insured commercial banks, 1951

By class of bank.................................................................................................... 166

114. Ratios of earnings, expenses, and dividends of insured commercial banks,

1951

By class of bank.................................................................................................... 168

115. Earnings, expenses, and dividends of insured commercial banks operating

throughout 1951

Banks grouped according to amount of deposits........................................... 170

116. Ratios of earnings, expenses, and dividends of insured commercial banks

operating throughout 1951

Banks grouped according to amount of deposits........................................... 172

117. Earnings, expenses, and dividends of insured commercial banks, by

State, 1951.................................................................................................................. 174

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

1951............................................................................................................................... 184

119. Ratios of income, expenses, and dividends of insured mutual savings

banks, 1951...................................................................................... .......................... 185

D eposit insurance d isbursem ents:

Explanatory note...................................................................................................................... 186

120. Disbursements, deposits, and depositors in insured banks financially

aided by the Federal Deposit Insurance Corporation, 1934-1951

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

State...................................................................................................................... 188

121. Assets and liabilities of insured banks placed in receivership and of insured

banks absorbed with the financial aid of the Federal Deposit Insurance

Corporation, 1934-1951

^4s shown by books of bank at date of closing................................................ 190

122. Name, location, Federal Deposit Insurance Corporation disbursement,

and assets and liabilities of insured banks absorbed with the financial

aid of the Corporation during 1951................................................................... 191

123. Recoveries and losses by the Federal Deposit Insurance Corporation

in connection with insured banks financially aided by the Corporation,

1934-1951

As shown by books of FDIC, December SI, 1951........................................ 192

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Federal Reserve Bank of St. Louis
SUMMARY

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
S u m m a r y

Deposits insured by the Federal Deposit Insurance Corporation at 

the close of 1951 amounted to nearly $97 billion; in 1934 the amount 

of insured deposits was approximately $17 billion. The surplus of the 

Corporation, which is the deposit insurance fund, amounted to $1.3 

billion at the end of 1951. This is 1.3 percent of the insured deposits and 

about 0.7 percent of all deposits in insured banks. (Pp. 3-5.)

During 1951 the Federal Deposit Insurance Corporation disbursed 

$2 million to protect depositors in two insured banks in financial difficulty. The difficulty of one of these banks was attributed to a defalcation, and of the other to a kiting operation. Since deposit insurance 

became effective on January 1, 1934, disbursements have been made 

by the Corporation to protect the depositors of 417 insured banks. 

(Pp. 8-14.)

Bank assets and deposits showed a growth of 6 percent in 1951. At 

the end of 1951 loans and United States Government obligations each 

comprised about one-third of total bank assets. (P. 31.)

The capital accounts of insured banks have increased each year, but 

have not kept pace with their total assets. The ratio of the capital accounts of insured commercial banks to assets declined from over 13 

percent in 1934 to less than 7 percent in 1951. (P. 38.)

Net profits of insured commercial banks, after taxes, were larger in 

1951 than in any other year except 1950. The average rate of net profit 

on total capital accounts, after taxes, was nearly 8 percent. (Pp. 47-48.)

On September 19, 1951, insured banks held 112 million deposit accounts, of which 98.5 percent had balances of $10,000 or less. The amount 

of deposits insured under the $10,000 limitation per depositor was 

estimated at 54 percent of total deposits. It was estimated that the 

increase in coverage in 1950 to $10,000 for each depositor had given 

full protection to three million accounts which were only partially 

protected under the $5,000 limitation, and had added $14 billion to 

the amount of insured deposits. It was also estimated that expansion 

of insurance coverage to $25,000 per depositor would add $14 billion 

to the amount of deposits insured by the Corporation; and that extension 

of coverage to all deposits would increase the amount of insured deposits 

by an additional $64 billion. (Pp. 60, 70-71.)

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
PART ONE

OPERATIONS OF THE CORPORATION

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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
I n s u r e d D e p o s it s a n d t h e D e p o s it I n s u r a n c e F u n d

Deposits insured by the Federal Deposit Insurance Corporation at 

the close of 1951 were estimated at $96,713 million, or 54 percent of total 

deposits in all insured banks. The amount of insured deposits was the 

largest since the inception of Federal deposit insurance in 1934, reflecting both the growth in total deposits since that date and the 1950 

increase in maximum coverage for each depositor. Chart A illustrates 

changes in total and insured deposits between 1934 and 1951.

Chart A. T o t a l and Insured D eposits, A l l Insured Banks,

M id -Y ea r and Y e a r End, 1934-1951

In 1934, when deposit insurance coverage was fixed at $5,000 for each 

depositor, the amount of insured deposits was approximately $17 billion.1 

From that time until the middle of 1942 insured deposits increased steadily 

at an average rate of 7 percent per year. During the war and early postwar 

years the increase was much more rapid, averaging 23 percent per year 

from the middle of 1942 to the end of 1946. By the latter date the amount

1 Under the temporary insurance plan which went into force on January 1, 1934, the maximum

insurance for each depositor was $2,500. This was changed on July 1, 1934, to $5,000, except for some

of the mutual savings banks, which were permitted to retain the lower maximum. Under the permanent

insurance plan which became effective August 23, 1935, the insurance maximum for each depositor

became $5,000 in all insured banks.

3

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4 FEDERAL DEPOSIT INSURANCE CORPORATION

of insured deposits had increased to nearly $74 billion; and until the 

coverage was increased to $10,000 for each depositor in September 1950, 

ranged between that figure and $77 billion. At the end of 1950, after the 

change in coverage, $91 billion of deposits was insured; and this was 

increased by 6 percent in 1951.

Most of the change in the amount of insured deposits, except in 1950 

when coverage for each depositor was doubled, has been due to the growth 

in total deposits in insured banks. However, some changes have occurred 

in the proportion of total deposits in various types of account, and this 

has altered the percentage of total deposits that are insured. During the 

first few years of deposit insurance, approximately 45 percent of deposits 

in insured banks were insured. In 1939 the percentage of deposits insured 

began to decline, reaching a low figure of 36 percent in 1942; but increased during the next few years, reaching 50 percent at the end of 1946 

and remaining close to this figure until coverage was changed in September, 

1950. Since that date the proportion of total deposits in the insured 

banks protected by insurance has been approximately 54 percent.

Chart B shows the ratios of the deposit insurance fund of the Corporation to insured deposits and to total deposits for each mid-year and 

year-end date from 1934 to 1951.

C hart B. R atios o f D ep osit Insurance Fund to T o t a l and Insured D eposits,

A l l Insured Banks, M id -Y ea r and Y e a r End, 1934-1951

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INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND 5

The deposit insurance fund has increased from $289 million initial 

capital at the beginning of deposit insurance to $1,282 million at the 

close of 1951. However, the growth in the deposit insurance fund has not 

kept pace with either the growth of insured deposits or of total deposits. 

In the middle of 1934 the ratio of the deposit insurance fund to insured 

deposits was 1.90 percent; at the close of 1951 it was 1.33 percent. The 

ratio of the fund to total deposits was 0.87 percent in the middle of 1934, 

and 0.72 percent at the close of 1951. Table 1 gives the amounts of insured 

and total deposits and of the deposit insurance fund, and the indicated 

ratios, for each mid-year and year-end date during the period, 1934-1951.

Table 1. INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND, 1934-1951

Date

Deposits in 

insured banks 

(in millions) Percent

of

deposits

insured

Deposit

insurance

fund

(in

millions)

Ratio of deposit 

insurance fund to—

Total Insured1 Total

deposits

Insured

deposits

1951 Dec. 31..................... $178,540 $96,713 54.2% $1,282.2 .72% 1.33%

June 30...................... 164,608 89,753 54.5 1,243.8 .76 1.39

1950 Dec. 31...................... 167,818 91,3592 54.4 1,243.9 .74 1.36

June 30...................... 156,120 76,891 49.3 1,277.1 .82 1.66

1949 Dec. 31...................... 156,786 76,589 48.8 1,203.9 .77 1.57

June 30...................... 148,657 74,212 49.9 1,134.2 .76 1.53

1948 Dec. 31...................... 153,454 75,320 49.1 1,065.9 .69 1.42

June 30...................... 148,562 73,705 49.6 1,007.4 .68 1.37

1947 Dec. 31...................... 154,096 76,254 49.5 1,006.1 .65 1.32

June 30...................... 145,597 74,097 50.9 1,133.7 .78 1.53

1946 Dec. 31...................... 148,458 73,759 49.7 1,058.5 .71 1.44

June 30...................... 151,628 70,486 46.5 992.7 .65 1.41

1945 Dec. 31...................... 158,174 67,021 42.4 929.2 .59 1.39

June 30...................... 143,953 60,373 41.9 868.5 .60 1.44

1944 Dec. 31...................... 134,662 56,398 41.9 804.3 .60 1.43

June 30...................... 122,415 50,542 41.3 752.3 .61 1.49

1943 Dec. 31...................... 111,650 48,440 43.4 703.1 .63 1.45

June 30...................... 97,321 38,437 39.5 658.8 .68 1.71

1942 Dec. 31...................... 89,869 32,837 36.5 616.9 .69 1.88

June 30...................... 73,027 28,873 39.5 583.9 .80 2.02

1941 Dec. 31...................... 71,209 28,249 39.7 553.5 .78 1.96

June 30...................... 67,419 27,398 40.6 523.4 .78 1.91

1940 Dec. 31...................... 65,288 26,638 40.8 496.0 .76 1.86

June 30...................... 59,853 24,708 41.3 469.6 .78 1.90

1939 Dec. 31...................... 57,485 24,650 42.9 452.7 .79 1.84

June 30...................... 53,573 24,237 45.2 424.5 .79 1.75

1938 Dec. 31...................... 50,791 23,121 45.5 420.5 .83 1.82

June 30...................... 48,469 22,540 46.5 402.0 .83 1.78

1937 Dec. 31...................... 48,228 22,557 46.8 383.1 .79 1.70

June 30...................... 48,832 Sa-« 22,544 46.2 364.1 .75 1.62

1936 Dec. 31...................... 50,281 22,330 44.4 343.4 .68 1.54

June 30...................... 47,637 21,139 44.4 323.8 .68 1.53

1935 Dec. 31...................... 45,125 20,158 44.7 306.0 .68 1.52

June 30...................... 41,378 18,954 45.8 335.0 .81 1.77

1934 Dec. 31...................... 40,060 18,075 45.1 291.7 .73 1.61

June 30...................... 36,873 16,831 45.6 319.0 .87 1.90

1 Estimates for dates prior to the change in coverage in 1950 are based on $5,000 maximum for 

each account; those for subsequent dates on $10,000 maximum. Estimated by applying to the deposits 

in the various types of account (demand deposits of individuals, partnerships, and corporations; savings 

and time deposits of individuals, partnerships, and corporations; government deposits; interbank deposits; and other deposits) at the regular call dates the percentages insured as shown by the reports 

for the nearest special call date. For the 1951 special call, see Part Three of this report, particularly 

Tables 59 and 60, pages 109 and 111.

2 Based on coverage reported in the 1951 special survey; differs from the estimate given in the 

Annual Report of the Corporation for 1950, p. 29.

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6 FEDERAL DEPOSIT INSURANCE CORPORATION

The ratio of the deposit insurance fund to total deposits and to insured deposits has been affected by several factors. During the first two 

years of deposit insurance, the ratios declined because of the admission 

to insurance of banks which had been closed during the banking holiday 

of 1933 and had not been rehabilitated by the time deposit insurance went 

into effect on the first of January, 1934. During the period, 1936-1946, 

with a deposit insurance assessment rate of 1/12 of 1 percent per year, and 

with comparatively small losses to the fund on account of bank failures 

and with the income of the Corporation from its investments exceeding 

its administrative expenses, the deposit insurance fund increased at an 

average rate of nearly 12 percent per year. Consequently, the fund 

tended to grow more rapidly than insured deposits as long as the increase 

in total deposits was less than 12 percent per year, but to lag behind when 

the increase in total deposits was more rapid, as in the war years. In 1947 

and 1948 the ratio of the fund to insured deposits did not increase, even 

though the growth in total deposits was at a low rate, because of payment to the Treasury of the original capital of the Corporation. After 

the capital was repaid, until the revision of the deposit insurance law 

in 1950, the fund increased relative to the amount of insured deposits.

Under the 1950 law, the Corporation credits to insured banks threefifths of the assessment income after losses and expenses on account of 

bank failures and the operating costs of the Corporation have been 

deducted. Under this arrangement, and with payment to the Treasury 

in 1950 and 1951 of interest on the original capital of the Corporation 

for the period during which it was outstanding, there was little change 

in the ratio of the deposit insurance fund to insured deposits or to total 

deposits. In the future, the rate of increase in the deposit insurance fund 

will be about 6 percent per year, provided that deposit insurance losses 

and expenses are similar to those in the past. Under this condition, the 

ratio of the fund to deposits will tend to rise when the rate of growth in 

deposits is less than 6 percent per year and to fall when the rate of 

growth in deposits exceeds 6 percent per year.

Pa r t ic ip a t io n i n D e p o s it I n s u r a n c e

The number of banks participating in Federal deposit insurance continued to increase in 1951. At the close of the year there were 13,657 

insured banks and trust companies, a net increase of 17 over the previous 

year.1 These banks constituted more than 93 percent of all banks and 

trust companies operating in the United States and possessions.

Of the insured banks, 13,455 were classified as commercial banks and 

202 were mutual savings banks. The banks which are classified as commercial banks include a few stock savings banks and some other banks,

1 For changes in the number of insured banks, see Table 101, p. 128.

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PARTICIPATION IN DEPOSIT INSURANCE 7

such as the so-called “ industrial banks,” which specialize in certain 

types of business, either with respect to their deposits or their assets.

The insured commerical banks were almost 96 percent of all operating 

commercial banks and held over 98 percent of total deposits in this type 

of bank. Fewer than two-fifths of all mutual savings banks were participating in Federal deposit insurance at the close of 1951 but these 

banks held more than seven-tenths of all deposits in mutual savings 

banks. The number and deposits of all banks grouped by type of bank 

and insurance status are given in Table 2.

T ab le 2. Num ber and D eposits o f O perating Banks in th e U nited S ta tes

and Possessions, D ecem ber 31, 1951

Item

Number or deposits

Total Insured

banks

Noninsured

banks

Insured

banks

Noninsured

banks

14,661 13,657 1,004 93.2% 6.8%

14,596 13,657 939 93.6 6.4

lit,067 18,1*55 612 95.6 u.u

529 202 827 38.2 61.8

65 65 100.0

$186,604 $178,540 $8,064 95.7 4.3

186,526 178,540 7,986 95.7 4.3

165,611 168,172 2,1*39 98.5 1.5

20,915 15,868 5,51*7 73.5 26.5

78 78 100.0

Percentage of total

Number of banks—total.

Banks of deposit..............................

Commercial...................................

Mutual savings.............................

Trust companies not regularly 

engaged in deposit banking........

Deposits (in millions)—total.

Banks of deposit..............................

Commercial...................................

Mutual savings.............................

Trust companies not regularly 

engaged in deposit banking!.......

1 Deposits of these companies consist of uninvested trust funds and special accounts. 

Detailed data: See Table 103, pp. 138-39.

Participation by State. In ten states and the District of Columbia 

all banks regularly engaged in deposit banking were insured. Seven of 

the States were in the western part of the country, Arizona, Montana, 

Nevada, New Mexico, South Dakota, Utah and Wyoming; three in the 

eastern part, Alabama, Vermont and Virginia. Participation in deposit 

insurance was nearly complete in many other States. In each of 13 States 

there were fewer than five noninsured banks of deposit, while in each of 

10 others the number without insurance did not exceed ten. In only 15 

States were there more than ten noninsured banks of deposit. The percentage of banks of deposit insured in each State is shown in Chart C.

In only seven States was more than 10 percent of all deposits held by 

noninsured banks. These States were Connecticut, Delaware, Maine, 

Massachusetts, New Hampshire, North Dakota and Rhode Island. In 

the New England States and in Delaware the deposits in noninsured 

banks are chiefly in mutual savings banks which are not participating 

in Federal deposit insurance. Only 14 of the 336 mutual savings banks in

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8 FEDERAL DEPOSIT INSURANCE CORPORATION

these States were insured by this Corporation. In the case of North 

Dakota the noninsured deposits were held by five commerical banks, 

one of which is owned by the State and which accounted for a substantial 

portion of the deposits in the noninsured banks. Chart D shows the 

percentage of total deposits in each State which are in insured banks.

Chart C. P ercen tage o f Banks o f D ep osit in E ach S ta te W hich

W e r e Insured, D ecem ber 31, 1951

A c t io n to P r o t e c t D ep o s it o r s in F a il in g B a n k s

Disbursements for protection of depositors, 1951. During the 

year 1951 the Federal Deposit Insurance Corporation provided financial 

aid to protect the insured deposits of two banks which were in financial 

difficulty. Each of the banks was absorbed by another insured bank. The 

Corporation took over the assets of the failing banks which were unsound or otherwise unacceptable to the absorbing bank, and advanced 

to each of the banks sufficient cash to equal the difference between its 

deposit liabilities and its acceptable assets. Concurrently, the total 

deposit liabilities of the failing bank were transferred to and assumed 

by the absorbing bank, together with its acceptable assets, including 

the cash provided by the Corporation. Near the end of the year notice 

was received that a third bank was in financial difficulty, but the Corporation's disbursement in this case was not made until early in 1952.

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ACTION TO PROTECT DEPOSITORS 9

C h art D . P ercen tage o f D eposits in Each S ta te W hich W e r e in Insured

Banks, D ecem ber 31, 1951

The two banks in which the Corporation made disbursements in 1951 

had deposits totaling $3.4 million and the cash provided by the Corporation amounted to $1.9 million. As a result of the procedure followed in 

these cases no depositor suffered any loss, nor was there any break in 

continuity of banking service. The Corporation will recover a substantial 

part of its disbursement from liquidation of the assets acquired from the 

failing banks.

A defalcation of $600,000 caused the difficulty of one of the banks. A 

large portion of the funds embezzled was used by the defaulter to buy 

controlling stock interest in the bank. The bank had over $3 million 

deposits in 4,909 deposit accounts. In the other bank, a kiting operation 

by a depositor led to a loss to the bank of approximately $20,000. This 

was a small bank, with 367 accounts and deposits of only $150,000.

Disbursements for protection of depositors, 1934-1951. From the 

beginning of deposit insurance on January 1, 1934, to the end of 1951 the 

Corporation made disbursements to protect depositors in 417 insured 

banks. These banks had about 1,360,000 deposit accounts, totaling approximately $537 million. The Corporation disbursed to these banks or 

their depositors $276 million, exclusive of payoff and liquidation expenses 

and advances for the protection of collateral. The number of cases in each

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10 FEDERAL DEPOSIT INSURANCE CORPORATION

of the 18 years with the number of depositors and their losses, and the 

disbursements and estimated losses of the Corporation, are given in 

Table 3.

Table 3. L osses to D e po sit o r s an d to th e F e d e r a l D e p o s it I n su r a n c e

C o r po r a t io n in I n su r e d B a n k s in F in a n c ia l D if f ic u l t ie s ,

b y Y e a r s , 1934-1951

Year

Number

of

banks

Number

of

depositors1

Amount

of

deposits 

(in thousands)

Losses

to

depositors2 

(in thousands)

Losses 

to the 

Corporation3 

(in thousands)

Disbursements 

by the 

Corporation4 

(in thousands)

1934-1951.. 417 1,359,406 $536,517 $1,952 $27,024 $275,751

1951 2 5,276 3,408 285 1,884

1950 4 6,224 5,467 1,400 3,986

1949 4 5,660 4,977 377 2,558

1948 3 18,311 10,455 643 3,027

1947 5 10,618 6,966 139 1,777

1946 1 1,404 316 292

1945 1 12,484 5,695 1,874

1944 2 5,488 1,915 3 40 1,519

1943 . 5 27,372 12,535 24 124 7,250

1942 . . 20 60,602 19,011 8 686 11,154

1941 15 73,046 29,721 40 613 23,930

1940 43 256,373 142,389 37 4,166 74,447

1939 . 60 392,723 157,777 1,002 7,216 67,780

1938 . 74 203,970 59,724 49 2,432 30,479

1937 . , 75 130,409 33,345 147 3,554 19,163

1936,, 69 89,024 27,528 183 2,412 14,800

1935 25 44,655 13,320 437 2,730 8,890

1934........ 9 15,767 1,968 22 207 941

1 Number of depositors in receivership cases; number of deposit accounts in absorption cases as 

shown on the books of the banks before absorption, excluding accounts subsequently discovered.

2 Includes losses due to failure of depositors to claim insured deposits.

8 Sum of losses in the cases in which the disbursement by the Corporation to protect depositors 

was not repaid in full, including estimated loss in 7 cases not fully liquidated at the end of 1951. Excludes 

interest in cases in which the disbursement by the Corporation was fully recovered, and gains or losses 

on assets purchased by the Corporation from liquidations.

« Principal disbursements only. Does not include expenses and advances for protection of assets.

Detailed data: See Tables 120-123, pp. 188-92.

Of the banks in which the Corporation made disbursements, 245 were 

placed in receivership and 172 were absorbed by other insured banks. 

No insured bank has been placed in receivership since May 1944. Of the 

245 insured banks placed in receivership from 1934 to 1944, all except five 

had been fully liquidated by the beginning of 1951. Liquidation of the five 

banks was completed during the year. Liquidation of the assets acquired 

by the Corporation has been completed in 165 of the 172 absorption 

cases. At the end of 1951 liquidation was in progress in the remaining 7 

cases. This compares with 15 active cases at the beginning of the year.

Recoveries and losses of depositors. The total number of depositors in the 245 receivership cases was 382,722. Of these, 377,207 were 

fully protected. These include 55,262 depositors with small accounts, 

most of them under one dollar, who did not claim their deposits. Only 

5,515 depositors were not fully protected because their accounts exceeded 

the insurance maximum, or were ineligible for insurance. Of this number,

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ACTION TO PROTECT DEPOSITORS 11

2,111, or about 3^2 of 1 percent of all the depositors, had unprotected 

deposits in excess of the insurance maximum. This figure does not include depositors with accounts in excess of the insurance maximum 

which were fully protected by security or preference. The remaining 

3,404 depositors who were not fully protected were owners of deposits 

that had been restricted or deferred prior to 1934 or were uninsured 

because the bank’s insured status had been terminated for engaging in 

unsafe and unsound banking practices and violations of law.1

In the 417 banks, the depositors retained or had restored to them 

$535 million, or 99.6 percent of their deposits. In the 245 receivership 

cases deposits totaled $110 million, of^which $108 million, or more than 

98 percent, was paid. The remaining $2 million included $0.2 million of insured deposits which the depositors failed to claim. In the 172 absorption 

cases, deposits amounted to $427 million, all of which was retained by 

the depositors. Further details regarding the payment of deposits in these 

closed insured banks are given in Tables 4 and 5.

Table 4. Num ber o f D ep ositors, Am ount o f D eposits, R ecoveries, and

Losses in Insured Banks P laced in R eceivership o r Absorbed w ith

th e F in an cial Aid o f th e C orporation, 1934-1951

Item Total

Banks placed

in

receivership

Banks absorbed

with financial

aid of the

Corporation

Number of banks........................................................... 417

1,359,406

1,353,891

2,111

3,404

$536,517

534,565

1,952

245

382,722

377,207

2,111

3,404

$109,590

107,638

1,952

172

976.684

976.684

Number of depositors or accounts.........................

Fully protected1..........................................................

With deposits in excess of insurance maximum___

With deposits restricted or deferred prior to 1934

or otherwise ineligible for insurance protection...

Amount of deposits (in thousands).......................... $426,927

426,927Deposits paid3.............................................................

Deposits unpaid3........................................................

1 Includes 55,262 depositors who failed to claim their insured deposits.

2 Includes payments by receivers into a trust for depositors who failed to file claim, or as escheat,

in accordance with State laws.

* Includes insured deposits not claimed by depositors and not included in the items mentioned in

note 2. See Table 5.

Detailed data: See Tables 120-123, pp. 188-92.

In the absorption cases there were about 977,000 deposit accounts and 

none of the depositors experienced any loss, as all deposit liabilities were 

assumed by the absorbing banks.

i The deposit insurance law provided that deposits restricted or deferred prior to the beginning of

deposit insurance, and not subsequently released to the depositors, were not eligible for insurance; and

that when a bank’s insured status is terminated by the Corporation because of the continuance of unsafe

and unsound practices or violations of law, insured deposits on the date of such termination, less all

subsequent withdrawals, continue to be insured for two years. Several insured banks placed in receivership had restricted or deferred deposits that never became insured; in one of the cases, the bank was

placed in receivership four months subsequent to termination of its insured status, and deposits received

by the bank during that interval were not insured.

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12 FEDERAL DEPOSIT INSURANCE CORPORATION

T a b l e 5 . P a y m e n t o f D e p o s it s b y t h e C o r p o r a t io n a n d b y R e c e i v e r s

i n 2 4 5 I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p

(In thousands)

Deposits paid

Deposits

unpaid Status of deposits Total

By

FDIC

By

receiver

Deposits—total....................................................

Insured deposits1.................................................

Deposits paid as secured, preferred, or offset.. 

Deposits in excess of insurance maximum not 

otherwise protected........................................

$109,590

87,697

11,272

9,685

936

$87,044

87,044

$20,594

478

11,272

7,950

894

$1,952

175

1,735

Other uninsured deposits2.................................. 42

1 Insured deposits paid by receivers are deposits for which the owners did not present claims to 

the Corporation. This figure includes payments by receivers into trust for depositors who failed to file 

claims, or as escheat, in accordance with State laws.

* For the character of these deposits, see the note on p. 11.

Recoveries and losses o f the Corporation. The Corporation has 

recovered $247 million of the $276 million disbursed to protect depositors 

in failing insured banks. Based upon the appraisal of the value of the 

remaining unliquidated assets acquired from those banks, an additional 

recovery of approximately $2 million can be expected, leaving an estimated loss on principal of $27 million, or 10 percent.

In addition to the principal collections, the Corporation has been 

reimbursed in full for advances made by it to protect the assets acquired 

in these cases and for expenses incurred in liquidating them. These advances and expenses amounted to $45 million to December 31, 1951. 

In some instances, proceeds from the liquidation of assets were sufficient 

to reimburse the Corporation for all disbursements made by it, and, in 

addition, were sufficient to pay $9 million of interest and allowable 

return. The Corporation’s pay-off expenses in receivership cases, which 

amounted to nearly $1 million, are not recoverable.

The Corporation has also purchased residual assets of receiverships 

and absorption cases in order to facilitate the termination of the liquidation proceedings. For such assets it has paid nearly $3 million. Over $2 

million has been collected on these assets and additional collections of 

over $1 million are expected.

A summary of the disbursements, recoveries, and losses of the Corporation in protecting the depositors of banks in financial difficulties is given 

in Table 6. The table gives this information separately for the receivership cases and the absorption cases, and separately for active liquidation 

cases and those in which liquidation has been completed.

In the 245 receivership cases the Federal Deposit Insurance Corporation paid out $87 million to the depositors who assigned their claims 

against the receiverships to the Corporation. The Corporation received

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Federal Reserve Bank of St. Louis
ACTION TO PROTECT DEPOSITORS 13

dividends on the claims from the receivers in the total amount of $73 

million, or almost 84 percent of the amount disbursed. The Corporation 

also received interest amounting to $0.3 million on its claims against 

some of the receiverships which paid out in full.

T a b l e 6 . D i s b u r s e m e n t s t o P r o t e c t D e p o s i t o r s , R e c o v e r i e s , a n d

L o s s e s b y t h e C o r p o r a t io n f r o m I n s u r e d B a n k s P l a c e d i n

R e c e i v e r s h i p o r A b s o r b e d w i t h i t s F i n a n c i a l A i d , 1934-1951

Item Total Liquidation

terminated

Liquidation

active

Number of banks.

Receiverships. . . . 

Absorptions.........

Disbursements (in thousands)1

Receiverships...........................

Absorptions..............................

Recoveries (in thousands)2

Receiverships..................

Absorptions....................

Estimated additional recoveries (in thousands).

Receiverships..........................................................

Absorptions.............................................................

Losses by the Corporation (in thousands)3.

Receiverships..................................................

Absorptions.....................................................

417

245

172

$275,751

87,044

188,707

$246,822

72,866

173,956

$ 1,905

410

245

165

$269,376

87,044

182,332

$243,809

72,866

170,943

1,905

$ 27,024

14,178

12,846

$ 25,567

14,178 

11,389

7

$6,375

’ 6,375 

$3,013

’ 3,013

$1,905

1,905 

$1,457

’ 1,457

1 Includes only principal disbursements. Excludes advances for protection and maintenance of 

collateral, liquidation expenses, and cost of assets purchased from receiverships and loan liquidations.

2 Represents net recoveries after payment of expenses of liquidation, etc.

3 Losses on principal disbursements: See note 3 to Table 3. Losses in terminated cases are established 

losses; those in active cases are estimated.

The Corporation’s disbursements in the form of loans to banks in 

difficulty or purchases of assets from such banks amounted to $189 

million. Assets acquired by the Corporation in the absorption cases are 

liquidated in such manner and during such period as may be necessary 

to provide the largest recovery, with due regard to the condition of credit 

in the locality. In cases where the Corporation recovers more than the 

full amount of its disbursement plus advances, expenses, and an allowable return on its disbursement, the excess is delivered to the banks’ 

stockholders.

Collections on assets acquired in absorption cases, after allowance for 

advances and liquidation expenses, amounted to $174 million as of 

December 31, 1951. Additional recoveries in the seven active liquidations 

are estimated at $2 million, making a total recovery of $176 million, 

representing 93 percent of the principal disbursed.

The Corporation revises each year its estimate of its losses in banks 

which are in the process of receivership, and of its losses on assets acquired in absorption cases which are in the process of liquidation. Estimates of losses are necessarily subject to revision, as it is impossible to

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

determine accurately the value of many of the assets acquired until after 

careful and detailed analysis has been made or, in some cases, until 

actual disposal.

In 1951 the total estimated losses to the Corporation increased because 

of the disbursements to two additional banks during the year. Table 7 

gives the figures of total losses to the Corporation as estimated at the end 

of each of the past seven years.

Table 7. E stim ated L osses to th e C o r po r a t io n C om pa red w it h D is b u r s e m e n t s,

b y Y e a r of E st im a t e , 1944-1951

Period

Number

of

banks

Disbursements 

to end of 

period 

(in thousands)1

Losses as 

estimated at 

end of period 

(in thousands)2

Estimated 

losses as 

percent of 

disbursements

1934-1951................................... 417 $275,751 $27,024 9.8%

1934-1950................................... 415 273,203 26,930 9.8

1934-1949................................... 411 269,961 25,490 9.4

1934-1948................................... 407 266,976 24,930 9.3

1934-1947................................... 404 264,184 26,014 9.8

1934-1946................................... 399 262,133 28,896 11.0

1934-1945................................... 398 261,717 31,111 11.9

1934-1944................................... 397 259,696 38,810 14.9

1 Principal disbursements. See note 1 to Table 6.

2 Losses on principal disbursements. See note 3 to Table 3.

Total losses in insured banks in financial difficulty. The Corporation’s losses in the 417 insured banks placed in receivership or absorbed with its financial aid are estimated at $27 million. Depositor 

losses in the receivership cases are almost $2 million. In addition, losses 

of the Reconstruction Finance Corporation on preferred stock investments in these banks are estimated at $41 million. That Corporation 

had invested approximately $43 million in those banks, of which it will 

recover only $2 million. The total losses to depositors, to the Federal 

Deposit Insurance Corporation, and to the Reconstruction Finance 

Corporation is therefore approximately $70 million, or 13 percent of 

the total deposits of the 417 banks.

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

Bank examinations. The policy of the Corporation from its establishment has been to examine annually each insured State bank which is not 

a member of the Federal Reserve System. National banks are examined 

by representatives of the Office of the Comptroller of the Currency, and 

State banks members of the Federal Reserve System by representatives 

of that System. The information of the Corporation relating to these 

banks is derived chiefly from the reports of examination furnished by 

those agencies. Only under unusual circumstances does the Corporation 

examine national banks or State banks which are members of the Federal 

Reserve System.

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SUPERVISORY ACTIVITIES 15

During 1951 the Corporation conducted 6,806 regular examinations, 

and for the first time since 1940 completed its regular examination 

schedule. It also conducted during the year 143 special examinations, 

52 entrance examinations of operating banks, and 92 new bank investigations. The regular examinations involved examinations of 1,285 

branches and 813 trust departments. In addition to reviewing and 

analyzing the reports of these examinations, the Corporation reviewed 

and analyzed 8,004 reports of examination made by examiners of the 

Federal Reserve Banks and the Office of the Comptroller of the Currency. 

The Corporation, through its field offices and its review sections in 

Washington, maintains close contact with the various State banking 

departments and with the Federal bank supervisory agencies. In this 

manner, there is a continuous flow of supplemental information about 

individual banks between the agencies affected.

In 1951 the Corporation continued its efforts to improve bank examining techniques including procedures designed to assist in the detection of irregularities before the safety of a bank is endangered.

Throughout the year the field examination force of the Corporation 

was maintained close to the authorized numerical strength. This was 

accomplished notwithstanding the exhaustion, in several Districts, of 

the Civil Service registers of eligible candidates for appointment as 

examiners, established in 1950. A new series of Civil Service examinations 

is planned for 1952.

Educational program for examiners. The Corporation is continuing 

the educational program for its examiners which it began in 1946. This 

program consists primarily of correspondence courses given by the 

American Institute of Banking, but also includes evening courses offered 

by colleges or universities, and local chapters of the Institute, together 

with special graduate courses at two universities. Total enrollment in 

all educational projects numbered 350 at the year end, the largest active 

participation since the program began.

The special graduate courses are made available to a limited number 

of examiners each year through enrollment in The Graduate School of 

Banking held at Rutgers University and sponsored by the American 

Bankers Association, and The School of Banking at the University of 

Wisconsin. These courses combine both resident and correspondence 

study, and are designed by bankers primarily for junior bank executives. 

Two years of intensive study are required for completion, including 

three annual resident sessions, each of two weeks’ duration. To be selected 

to attend these Schools, examiners must qualify by completion of other 

educational work.

In the six years during which the program has been in operation, 

examiners of the Corporation completed more than 1,000 educational

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16 FEDERAL DEPOSIT INSURANCE CORPORATION

courses. Of those taking American Institute of Banking courses, 81 

have qualified for the Pre-Standard Certificate, 41 for the Standard 

Certificate, and 9 for the Graduate Certificate awarded by the Institute. 

At the close of 1951, 31 examiners of the Corporation held diplomas 

from the two graduate banking schools, and 33 were enrolled in those 

schools. A number of others received college degrees for study completed 

in whole or in part under the evening resident program, bringing to 242 

the total number of such degrees held by Corporation examiners.

The cost of the educational program is paid by the Corporation although students who attend the graduate summer schools must forego 

ten days of their annual leave each year. The expenditure is believed 

by the Corporation to be fully justified by increased effectiveness of 

its examining staff. The program which the Corporation has pioneered 

is having a beneficial effect on our entire banking system.

Unsafe and unsound banking practices and violations of law

or regulations. Section 8(a) of the Federal Deposit Insurance Act 

charges the Corporation with the responsibility of keeping insured banks 

within the bounds of safe and sound banking. Whenever the Board of 

Directors finds that a bank has continued to engage in unsafe or unsound 

practices or violations of the law, it is required to give to the appropriate 

supervisory authority a statement with respect to such practices or 

violations for the purpose of obtaining necessary corrections. In situations of this sort the Corporation works jointly with the supervisory 

authority in the attempt to secure correction of the unsound practices 

or violations of law. If they are not corrected the Corporation has the 

authority to terminate the insured status of the bank. This power is 

used only after every effort has been made to obtain corrections. Where 

corrections do not appear to be obtainable, the Corporation prefers to 

have the bank absorbed by another insured bank rather than to terminate 

its insured status. Accordingly, formal action to terminate the insured 

status has been taken in only a small number of cases.

During 1951, no proceedings were initiated under Section 8(a) of the 

Federal Deposit Insurance Act. In five cases, proceedings with respect 

to banking practices were pending at the beginning of the year. These 

w^ere banks previously charged with unsafe and unsound practices and 

violations of law, with final action by the Corporation deferred in view 

of proposed correction programs. In three of these cases, corrections 

were made and the action dismissed. In the other two, progress was 

made in the development of corrective programs, and further action 

by the Corporation was deferred pending reexamination.

Since 1935, when the Corporation was given authority to terminate 

the insurance of banks which continue to engage in unsafe or unsound 

practices or violations of law or regulations, a total of 145 banks have

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SUPERVISORY ACTIVITIES 17

been charged with such practices and violations. The disposition of 

these cases is given in Table 8.

T a b l e 8 . A c t io n s t o T e r m i n a t e I n s u r e d S t a t u s o f B a n k s C h a r g e d

w i t h E n g a g i n g i n U n s a f e o r U n s o u n d P r a c t i c e s o r V i o l a t i o n s

o f L a w o r R e g u l a t i o n s , 1936-1951

Disposition or status 1936-19511

Total banks against which action was taken................................................................. 145

Cases closed:

Corrections made................................................................................................................... 35

Banks absorbed or succeeded by other banks..................................................................... 66

With financial aid of the Corporation................................................................................ 61

Without financial aid of the Corporation........................................................................... 5

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

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

to make corrections........................................................................................................ 10

Banks suspended prior to or on date of termination of insured status............................. 7

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

Cases not closed December 31, 1951: Action deferred pending reexamination.............. 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. 

No case was started during 1951.

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

Back data: See the Annual Report of the Corporation for 1950, p. 20, and earlier reports.

Approval of banks for insurance. During 1951 the Corporation 

approved the applications of 90 noninsured banks for admission to 

insurance. Of these, 58 were new banks, 31 were operating as noninsured 

banks at the beginning of the year or were successors to such banks, 

and 1 was a financial institution which had not engaged previously in 

deposit banking. The Corporation also approved continuance of insurance 

for one national bank which converted to a State bank and nine State 

banks which withdrew from the Federal Reserve System. The Corporation also approved the application of one trust company, which 

is not engaged in deposit banking, for termination of its insured status. 

Eight applications for admission to insurance were disapproved because 

the conditions enumerated in the deposit insurance law were not met. 

The number of applications for admission to insurance acted on by the 

Corporation in prior years is given in the Annual Report of the Corporation for 1950, page 20, and for 1949, page 14.

The number of banks admitted to insurance in a year differs from 

the number approved by the Corporation. Banks which are chartered 

as national banks, and State banks which are admitted to the Federal 

Reserve System, become insured without action by the Corporation. 

In addition, a bank approved for insurance may not be opened, or the 

insurance may not become effective, in the calendar year in which the 

approval was given. For the number of banks which became insured 

during 1951 see Table 101, page 128.

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18 FEDERAL DEPOSIT INSURANCE CORPORATION

Approval of applications from insured banks. During 1951 the 

Corporation approved the establishment of 102 branches by insured 

banks not members of the Federal Reserve System. Of these, 90 were 

for the establishment of new banking offices, and 12 were banks to be 

absorbed and converted into branches. The Corporation also approved 

continuation of operation of twelve branches previously operated by 

banks which were admitted to insurance or absorbed by insured banks. 

The Corporation disapproved two applications for permission to establish branches. For Corporation actions regarding establishment of 

branches in prior years, see the Annual Report of the Corporation for

1950, page 21, and for 1949, page 15.

During 1951 the Corporation approved the applications of eight 

insured banks for permission to exercise trust powers, and disapproved 

three such applications. The Corporation approved one bank’s application for permission to change the business of a teller’s window to that 

of a regular branch, and of another to convert from a cash depository 

to a commercial bank.

The Corporation approved in 14 cases the assumption of deposit 

liabilities of one bank by another bank. In 8 of these cases, deposits of 

a noninsured bank were assumed by an insured bank; in 6 cases deposits 

of one insured bank were assumed by another insured bank. In another 

case, the Corporation approved the assumption by an insured bank of 

the demand deposits of a branch of another insured bank, with the 

branch to be closed and its time and savings deposits transferred to 

the bank’s main office.

Reports from banks. Insured State banks not members of the 

Federal Reserve System, other than those in the District of Columbia, 

were required by the Corporation to report their assets, liabilities, and 

capital accounts as of June 30 and December 31, 1951. Summaries of 

corresponding data for other insured banks wrere furnished to the Corporation by the agencies to which those banks made reports. Through the 

cooperation of State banking authorities and of officials of banking 

institutions not under State or Federal supervision, mostly unincorporated banks, the Corporation obtained, as of June 30 and December 31,

reports of assets and liabilities of noninsured banks and trust companies 

which do not file reports with a Federal agency. The insured banks also 

reported to the respective Federal agencies statements of their earnings, 

expenses, and disposition of profits for the calendar year 1951.

An analysis of the asset, liability, and capital data, and also of the 

earnings and expense information, is given in Part Two of this report. 

Detailed tabulations from the reports of assets, liabilities, and capital 

accounts, for insured and noninsured banks in the entire United States 

and for insured banks in each State, are given in the Corporation’s

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SUPERVISORY ACTIVITIES 19

publication, “ Assets, Liabilities, and Capital Accounts, Capital and other 

Ratios, Commercial and Mutual Savings Banks/7 Reports No. 35 and 

36. Summary tabulations are given in Tables 103-107 of this report, 

pages 138-51. Summaries of the reports of earnings, expenses, and disposition of profits are given in Tables 113-119, pages 166-85 of this report.

A special call for deposit information from all insured banks was made 

by this Corporation on September 19, 1951. This call was made to assist 

in estimating the contingent liability of the Corporation in insuring 

bank deposits. The insured banks were asked to report the number of 

deposit accounts and total deposit liabilities, with the accounts and 

deposits grouped by size and type. An analysis of the data collected in 

this call, as well as detailed tables, is given in Part Three, pages 59-116 

of this report.

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

Federal legislation. No legislation directly affecting deposit insurance 

or insured banks in general was enacted during the first session of the 

82nd Congress.

State legislation. A summary of State banking legislation enacted 

in 1951 is given in Part Four of this report, pages 119-23.

P e r s o n n e l a n d F in a n c ia l St a t e m e n t s of t h e C o r p o r a t io n

Directors and employees. Mr. Maple T. Harl, Chairman of the 

Board of Directors of the Corporation, and Mr. H. E. Cook, Director, 

whose appointments expired on September 6, 1951, were reappointed 

for six-year terms. Mr. Preston Delano, Comptroller of the Currency, 

continued as ex officio member of the Board of Directors throughout 

the year.

On December 31, 1951, the Corporation had 1,002 officials and employees compared with 1,075 at the beginning of the year. This is the 

smallest number of employees at the year end since 1937, and is less 

than half the 2,538 employees on December 31, 1941, when employment 

in the Corporation was at its peak. The reduction in personnel during 

the last ten years is due in large part to a reduced volume of work in 

connection with the liquidation of assets acquired from closed banks. 

Table 9 shows the number of employees in each division of the Corporation at the end of 1951 and also gives comparable data for the end of 1941.

Assets and liabilities. A comparative statement of the assets and 

liabilities of the Corporation at the close of 1950 and of 1951 is given in 

Table 10.

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20 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 9. N u m b e r o f O f f ic e r s a n d E m p l o y e e s , F e d e r a l D e p o s it

I n s u r a n c e C o r p o r a t i o n , D e c e m b e r 31, 1941, a n d D e c e m b e r 31, 1951

Division

Total Washington

office

District and 

field offices

1951 1941 1951 1941 1951 1941

All divisions.................................................. 1,002 2,538 303 531 699 2,007

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

Executive Division..................................... 23 20 23 20

Legal Division............................................. 20 34 20 34

Division of Examination............................ 721 584 40 34 681 550

Division of Liquidation.............................. 35 1,623 17 166 18 1,457

Division of Research and Statistics.......... 45 57 45 57

Division of Finance and Accounts............ 39 39 ]

Audit Division............................................ 33 217 33 [ 217

Personnel Division...................................... 16 16 f

Service Division.......................................... 67 67 ]

The statement for December 31, 1951, shows total assets of $1,360 

million, of which $1,356 million consisted of United States Government 

obligations. Assets acquired through bank suspensions and absorptions 

were valued at $3 million. The other $1 million of assets consisted of 

cash and miscellaneous accounts.

Table 10. A s s e t s , L i a b i l i t i e s , a n d I n s u r a n c e F u n d o f t h e F e d e r a l D e p o s it

I n s u r a n c e C o r p o r a t io n , D e c e m b e r 31, 1951, a n d D e c e m b e r 31, 1950

Item Dec. 31, 1951 Dec. 31, 1950

ASSETS

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

U. S. Government obligations and accrued interest receivable .................................................................................

Unliquidated assets acquired through bank suspensions

and absorptions, less reserve for loss (see Table 11)........

Furniture, fixtures, and equipment.......................................

Miscellaneous accounts receivable and other assets.............

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

$ 750,085.03

1,356,254,910.89

3,040,103.06

1.00

300,076.12

$ 2,453,915.38

1,309,458,494.05

2,315,218.24

1.00

117,112.90

$1,360,345,176.10 $1,314,344,741.57

LIABILITIES AND INSURANCE FUND 

Liabilities:

Credits to insured banks’ assessment accounts.................

Accounts payable.................................................................

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

Earnest money deposits and collections in suspense.......

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

$ 76,444,754.73! 

468,819.90 

946,750.02 

292,886.17 

4,016.90

$ 68,734,447.072 

467,854.782 

903,958.46 

236,455.70 

37,325.52

17,670.65

Net balances of depositors in closed insured banks, 

pending settlement or not claimed.............................

Total liabilities.............................................. $ 78,157,227.72

1,282,187,948.38

$ 70,397,712.18

Deposit insurance fund3 (see Table 13)............................ 1,243,947,029.39

Total liabilities and insurance fund............................... $1,360,345,176.10 $1,314,344,741.57

1 Consists of net assessment income credit for 1851 in the amount of $69,991,455.93 (see Table 14) 

adjustments to net assessment income credit for 1950 amounting to $9,278.06 (se# Table 14); and 

$6,444,020.74, representing unused net assessment income credit for 1950 and other assessment 

adjustments.

2 The amounts originally reported under these captions have been adjusted to conform with revised 

classifications of liabilities.

3 Capital stock issued in 1933 and 1934 to the United States in the amount of $150,000,000.00 and 

to the Federal Reserve Banks in the amount of $139,299,556.99 was retired in 1947 and 1948 by payment 

to the United States Treasury in accordance with the provisions of Public Laws 363 and 813, approved 

August 5, 1947, and June 29, 1948, respectively.

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FINANCIAL STATEMENTS OF THE CORPORATION 21

Table 11 gives the total amount of assets acquired by the Corporation 

through bank suspensions and absorptions since the beginning of deposit 

insurance, the collections and losses on these assets, and the book value 

of those that remained. From the beginning of deposit insurance to 

December 31, 1951, the Corporation disbursed a total of $324 million 

to protect depositors in 417 closed or absorbed banks. During this same 

period recoveries of $294 million were made, leaving an uncollected 

balance of only $30 million. The actual known losses, less realized profits, 

for the 18-year period were $25 million. It is estimated that additional 

losses of about $2 million will be incurred, leaving a net book value of 

remaining assets of $3 million. This is the book value of unliquidated 

assets purchased from banks for the purpose of protecting depositors 

or from receivers or liquidating agents to facilitate termination of the 

liquidating procedure.

T a b l e 1 1 . A s s e t s A c q u ir e d b y t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t io n

T h r o u g h B a n k S u s p e n s i o n s a n d A b s o r p t i o n s f r o m B e g i n n i n g o f O p e r a t i o n s

t o D e c e m b e r 31, 1951

(In thousands)

Assets acquired from insured banks in difficulties

Assets

acquired

from

liquidators1

Receivership

cases:

subrogated

claims2

Absorption cases

Item Total

Total

Loans3

Assets

purchased

under

agreement4

Other

assets

purchased5

Disbursements—total...

Original disbursement... 

Subsequent expenses for 

protection of assets. . . 

Field liquidation expenses ..........................

$323,513

278,446

32,043

13,024

$293,949

$ 29,564

$2,812

2,695

117

$320,701

275,751

31,926

$87,044

87,044

$132,802

100,292

24,745

7,765

$127,013

$ 5,789

$99,612

87,204

7,149

$1,243

1,211

32

13,024 

$291,677

$ 29,024

5,259 

$91,047

$ 8,565

Collections6...................... $2,272

$ 540

$72,866

$14,178

$ 751

Uncollected balance. . . . $ 492

Losses—estimated net

total............................ $ 26,524

25,050

1,474

$ 3,040

$ 5S57 $ 27,119

25,662

1,457

$ 1,905

$14,178

14,178

$ 5,789

5,789

$ 6,660

5,203

1,457

$ 1,905

$ 492

Losses incurred less realized profits.................. 612s 492

Reserve for losses........... 17

Net book value of remaining assets........ $1,135

1 Assets purchased outright from liquidating officers in receivership and absorption cases in order to facilitate 

the termination of the liquidations.

2 Subrogated claims represent the amounts of insured deposits in closed banks paid to depositors for which 

amounts the depositors transferred their claims against the bank receiverships to the Federal Deposit Insurance 

Corporation.

3 Loans to absorbed insured banks are supported by collateral and are evidenced by demand notes bearing 

interest at the rate of 4 percent per annum. Recoveries in excess of Corporation disbursements and interest 

allowances are returned to stockholders.

4 Assets purchased under agreements with absorbed insured banks are evidenced by purchase agreements 

allowing an interest return of 4 percent per annum on Corporation advances. Any excess recoveries are returned

to the stockholders of the selling bank in the form of an additional cash purchase price.

6 Assets purchased from absorbed insured banks without refund agreements.

6 Does not include net income on assets purchased outright, nor interest earned or allowable return on loans 

and assets purchased under agreement.

7 Net profit.

8 Realized profits in excess of losses.

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22 FEDERAL DEPOSIT INSURANCE CORPORATION

A condensed statement of assets and liabilities of the Corporation 

as of December 31 of each year since commencement of operations is 

furnished in Table 12. Both the total assets of the Corporation and the 

deposit insurance fund increased steadily each year from 1934 to the 

present, except in 1947 when the bulk of the capital stock issued to the 

United States Treasury and to the Federal Reserve banks was retired. 

The increase in liabilities in 1950 and 1951 over the amount shown for 

prior years is due principally to the fact that the net assessment income 

credit provided for in the Federal Deposit Insurance Act is recorded as 

of the end of a year and is not available for use in paying assessments 

by the banks until the following July.

T ab le 12. A ssets and L iab ilities o f th e F e d e ra l D ep osit Insurance

C orporation, 1934-1951

(In millions)

Dec. 31 Cash

U. S.

Government

obligations

Insurance

assets1

Other

assets

Total

assets Liabilities

Deposit

insurance

fund2

1951 $ .7 $1,356.3 $ 3.0 $ .3 $1,360.3 $78.1 $1,282.2

1950 .. 2.4 1,309.5 2.3 .1 1,314.3 70.4 1,243.9

1949 1.4 1,207.3 2.8 .2 1,211.7 7.8 1,203.9

1948 2.3 1,066.0 3.6 .1 1,072.0 6.1 1,065.9

1947 4.6 1,022.5 3.6 .1 1,030.8 24.7 1,006.1

1946 7.3 1,047.7 5.6 .1 1,060.7 2.2 1,058.5

1945 15.7 900.0 15.1 .3 931.1 1.9 929.2

1944 17.8 762.0 26.1 .3 806.2 1.9 804.3

1943 20.0 638.8 46.2 .5 705.5 2.4 703.1

1942 19.4 536.8 62.0 .5 618.7 1.8 616.9

1941 20.0 453.9 81.7 .1 555.7 2.2 553.5

1940 20.4 384.5 92.2 .1 497.2 1.2 496.0

1939 , , 28.3 363.5 64.2 .1 456.1 3.4 452.7

1938 , 22.2 372.8 26.5 .1 421.6 1.1 420.5

1937 20.6 348.5 16.1 .1 385.3 2.2 383.1

1936 9.1 332.6 11.4 .1 353.2 9.8 343.4

1935 33.5 298.2 5.4 .1 337.2 31.2 306.0

1934 16.0 316.7 .5 .1 333.3 41.6 291.7

1 Assets acquired in protecting depositors.

a Designated capital and surplus in Annual Reports of the Corporation prior to 1950.

Income and expenses. A statement of the income and expenses of 

the Corporation for 1951, and of changes in its surplus or deposit insurance fund, is given in Table 13.

Total income of the Corporation during the year 1951 amounted to 

$83 million, of which $54 million, or approximately two-thirds, was 

derived from assessments. The remainder, $30 million, consisted of 

interest earned on United States government obligations and other 

income. The income from deposit insurance assessments represents 

the difference between the assessments becoming due during the year 

and the portion of the “ net assessment income for 1951” which was 

credited to insured banks in accordance with the provisions of the Federal 

Deposit Insurance Act.

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FINANCIAL STATEMENTS OF THE CORPORATION 23

Table 13. Statem en t o f O perations o f th e F e d e ra l D ep osit Insurance

C orporation f o r th e Y e a r Ended D ecem ber 31, 1951

Surplus adjustm ents:

Surplus (deposit insurance fund), as reported December 

31, 1950...................................................................

Adjustments applicable to years prior to January 1, 1951: 

Interest on capital stock payable to U. S. Treasury... 

Other adjustments (net credit).......................................

Net decrease..............................................................

Surplus (deposit insurance fund), December 31, 1950, 

as adjusted......................................................

Incom e:

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

Less: Net assessment income to be credited to insured 

banks (see Table 14)..............................................

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

Interest earned on U. S. Government obligations.........

Other interest received......................................................

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

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

Losses and expenses:

Operating expenses (see Table 15)...................................

Provisions for insurance losses..........................................

Insurance losses in excess of reserves...............................

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

Net income for the year....................................................

Surplus (deposit insurance fund), December 31, 1951. . .

40,281,155.89

2,262,585.69

$ 123,889,459.68

$ 53,898,003.75

29,379,211.40

131,493.82

87,813.35

$ 83,496,522.32

$ 6,849,865.00

387,135.13

33.00

$ 7,237,033.13

$1,243,947,029.39

38,018,570.20

$1,205,928,459.19

$ 76,259,489.19

$1,282,187,948.38

The computation of net assessment income for 1951, the portion 

retained by the Corporation, and the portion credited to insured banks 

are shown in Table 14.

Table 14. D eterm ination and D istrib u tion o f N e t Assessm ent Income,

F e d e ra l D eposit Insurance C orporation, D ecem ber 31, 1951

Computation of net assessment incom e for 1951

Total assessments which became due during the calendar 

year....................................................................................

$ 6,849,865.00 

387,135.13 

33.00

$123,889,459.68

7,237,033.13

Less:

Operating costs and expenses for the calendar year.........

Net additions to reserves to provide for insurance losses. 

Insurance losses in excess of reserves.................................

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

$ 46,660,970.62 

69,991,455.93

Net assessment income for 1951:

40 percent transferred to the Corporation’s capital 

account..............................................................................

...................... $116,652,426.55Balance credited pro rata to insured banks

Distribution to insured banks of net assessment income, December 31, 1951

Net assessment income for 1951 credited to insured banks. 

Adjustments to net assessment income credit for 1950.......

Total net assessment income credited to insured banks on 

December 31, 1951..............................................................

$ 69,991,455.93 

9,278.06

Percent of total 

assessments becoming due in 1951 

56.49508 

.00749

56.50257$ 70,000,733.99

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24 FEDERAL DEPOSIT INSURANCE CORPORATION

Total expenses and losses of the Corporation amounted to approximately $7 million in 1951, resulting in a net operating income for the year 

of $76 million.

Table 15. O p e r a t i n g E x p e n s e s o f t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t i o n , Y e a r E n d e d D e c e m b e r 31, 1951

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

Professional services................................................................

Services of other governmental agencies..............................

Transportation.........................................................................

Subsistence...............................................................................

Office rentals.............................................................................

Printing, stationery, and supplies..........................................

Postage, telephone, and telegraph.........................................

Insurance and fidelity bond premiums..................................

Subscriptions............................................................................

Equipment rental.....................................................................

Repairs and alterations...........................................................

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

Furniture, fixtures, and equipment.......................................

Miscellaneous............................................................................

T otal.........................................................................

Less:

Inter-departmental expense transfers..........................

Expenses recovered........................................................

T otal.........................................................................

Operating expenses for year ended December 31, 1951

$4,846,740.44

23,989.02

20.00

263,377.07

969,510.43

333,546.87

239,749.62

44,021.19

7,376.08

14,293.65

24,130.11

25,194.41

16,506.38

59,842.01

32,498.23

$6,900,795.51

34,127.77

16,802.74

50,930.51

$6,849,865.00

The deposit insurance fund increased approximately $38 million in

1951. This increase resulted from the net income of $76 million from the 

year’s operations, plus adjustments of assessments for prior years and 

other adjustments in the amount of $2 million, and minus $40 million 

representing payment of the final instalment of interest on capital stock, 

as provided for in the Federal Deposit Insurance Act. The deposit 

insurance fund at the end of the year amounted to $1,282 million.

A summary of the income and expenses of the Corporation, and 

additions to the deposit insurance fund, for each year since its organization, adjusted as of December 31, 1951, is given in Table 16.

Audit. The audit of the financial transactions of the Corporation, 

pursuant to the Federal Deposit Insurance Act of 1950, was made by 

the Comptroller General of the United States for the year ended June 

30, 1951. The auditor’s opinion and financial statements of the Corporation, constituting the short form audit report furnished to the Corporation 

by the Comptroller General, are given on pages 26-28.

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FINANCIAL STATEMENTS OF THE CORPORATION 25

Table 16. I ncom e an d E x p e n s e s of th e F e d e r a l D e p o s it I n su r a n c e

C o r po r a t io n from B e g in n in g of O p e r a t io n s,

S e p te m b e r 11, 1933, t o D e c e m b e r 31, 1951

ADJUSTED AS OF DECEMBER 31, 1951

(In millions)

Year

Income Expenses

Net 

income 

added to 

deposit 

insurance 

fund4

Total

Deposit

insurance

assessments

Investment

and

other

income

Total

Deposit

insurance

losses

and

expenses1

Interest

on

capital

stock2

Operating

expenses3

1933-1951.... $1,467.1 $1,134.1 $333.0 $184.9 $27.3 $80.6 $77.0 $1,282.2

1951 .......... 83.5 53.95 29.6 7.2 A 6.8 76.3

1950........... 84.6 54.05 30.6 7.6 1.2 6.4 77.0

1949............ 150.3 121.8 28.5 6.4 .3 6.1 143.9

1948............ 146.8 119.3 27.5 7.4 .7 .6 6.1 139.4

1947............ 157.7 114.4 43.3 10.4 .1 4.8 5.5 147.3

1946............ 130.9 107.1 23.8 10.4 .1 5.8 4.5 120.5

1945............ 121.2 93.7 27.5 9.8 .1 5.8 3.9 111.4

1944............ 99.5 80.9 18.6 9.7 .1 5.8 3.8 89.8

1943............ 86.7 70.0 16.7 10.3 .2 5.8 4.3 76.4

1942............ 69.4 56.5 12.9 10.2 .5 5.8 3.9 59.2

1941............ 62.0 51.4 10.6 10.1 .6 5.8 3.7 51.9

1940............ 55.9 46.2 9.7 13.6 4.2 5.8 3.6 42.3

1939............ 51.2 40.7 10.5 16.6 7.4 5.8 3.4 34.6

1938............ 47.8 38.3 9.5 11.2 2.4 5.8 3.0 36.6

1937............ 48.1 38.8 9.3 12.0 3.5 5.8 2.7 36.1

1936............ 43.8 35.6 8.2 10.8 2.5 5.8 2.5 33.0

1935............ 20.7 11.5 9.2 11.2 2.7 5.8 2.7 9.5

1933-34___ 7.0 (6) 7.0 10.0 .3 5.6 4.V 3.0&

1 Includes nonrecoverable expenses incurred pursuant to the insurance of deposits in closed insured banks. 

Total deposit insurance losses and expenses are therefore larger than the losses incurred and reserve for losses, 

as given in Table 11. Figures for the various years adjusted on basis of losses incurred in liquidating assets acquired.

2 Paid to the United States Treasury in 1950 and 1951 in accordance with Section 13(f) of the Federal Deposit 

Insurance Act of 1950; allocated in this table to the years during which the capital stock was outstanding.

3 Includes furniture, fixtures, and equipment charged off.

4 As adjusted for adjustments in deposit insurance losses and allocations of interest on capital stock (see 

notes 1 and 2).

5 Net after deducting portion of net assessment income credits apportioned to insured banks, pursuant to 

provisions of the Federal Deposit Insurance Act.

6 Assessments collected from insured banks, members of the temporary insurance funds, were credited to 

their accounts in total at the termination of the temporary funds on August 23, 1935, and were applied toward 

payment of subsequent assessments becoming due under the permanent insurance fund, resulting in no inc®me 

to the Corporation from assessments during the existence of the temporary insurance funds.

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

insurance funds on June 30, 1934.

8 Deduction.

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26 FEDERAL DEPOSIT INSURANCE CORPORATION

C o m pt r o ll e r G e n e r a l of th e U n ite d Sta t e s

W ash in g t o n 25

December 13, 1951

Board of Directors,

Federal Deposit Insurance Corporation,

Washington 25, D. C.

Gentlemen:

An audit of the affairs of Federal Deposit Insurance Corporation for the fiscal year

ended June 30, 1951, has been made by the General Accounting Office in accordance

with section 17(b) of the Federal Deposit Insurance Act, approved September 21, 1950.

There is transmitted herewith a short form report including statements of financial

position and operations, together with explanatory notes and auditors’ opinion, all

of which will be included in the detailed report to be submitted by the Comptroller

General to the Congress.

Very truly yours,

L in d s a y C. W a r r e n

Comptroller General

of the United States

A u d ito r s' O pin io n

We have examined the balance sheet of Federal Deposit Insurance Corporation

as of June 30, 1951, and the related statement of income and deposit insurance fund

for the year then ended. Our examination was made in accordance with generally

accepted auditing standards and accordingly included such tests of the accounting

records and such other auditing procedures as we considered necessary in the circumstances and appropriate in view of the effectiveness of the system of internal

control, including the work performed by the Corporation’s internal auditors.

In our opinion, the accompanying balance sheet and statement of income and

deposit insurance fund present fairly the financial position of Federal Deposit Insurance Corporation at June 30, 1951, and the results of its operations for the year

then ended in conformity with generally accepted accounting principles applied on

a basis consistent with that of the preceding year and with applicable Federal laws.

During our examination we observed no program, expenditure, or other financial

transaction or undertaking which, in our opinion, was carried on or made without

authority of law.

St e p h e n B. I ves

Director

Corporation Audits Division

General Accounting Office

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FINANCIAL STATEMENTS OF THE CORPORATION 27

TableT17. F in a n c ia l Sta t e m e n t s of th e F e d e r a l D e p o s it I n su r a n c e

C o r po r a t io n— fro m A u d it o r s’ R e p o r t fo r th e Y e a r E n ded J u n e 30, 1951

Exhibit 1— B ala n c e Sh e e t— J un e 30, 1951

ASSETS

$ 2,783,231

United States Government securities, at cost (market or

redemption value, $1,326,387,406)............................................

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

$1,338,326,581

3,457,816 1,341,784,397

Assets acquired through mergers and receiverships of 

insured banks (note 1):

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

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

2,347,185

1,262,076

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

3,609,261

1,411,000 2,198,261

Deferred charges and sundry assets............................................

Furniture, fixtures, and equipment, at nominal value.............

205,196

1

$1,346,971,086

LIABILITIES

Accounts payable and accrued liabilities.................................. $ 488,392

Earnest money, escrow funds, and collections held for others 221,527

Employees’ accrued annual leave................................................ 984,800

Deferred credits................................................................................ 4,056

Net assessment incom e credits due insured banks (note 2):

Available July 1, 1951....................................................................

Estimate for amount available July 1, 1952.................................

$66,752,932

34,680,000 101,432,932

Deposit insurance fund, representing accumulated inc me from 

inception to June 30, 1951, available for future deposit insurance losses and related expenses (note 3 and exhibit 2 ).. 1,243,839,379

$1,346,971,086

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

Exhibit 2— Sta t e m e n t of I ncom e an d D e po sit I n su ran ce F und

fo r th e Y e a r E n ded J u n e 30, 1951

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

$ 3,495,536 

48,520

3,544,056

1,266,351

$ 125,422,858 

29,087,081

2,277,705

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

Income from bank mergers and receiverships:

Interest and allowable return........................................................

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

Less estimated loss on merger cases acquired during the year..

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

Deduct net assessment income credits due insured banks (note 2):

Six months ended December 31, 1950...........................................

Six months ended June 30, 1951, estimated.................................

Net income for year transferred to deposit insurance fund............

Deposit insurance fund, June 30, 1950.............................................

Net adjustment of prior years’ estimate of losses restored to 

deposit insurance fund................................................................

34,629,021

34,680,000

156,787,644

6,567,278

150,220,366

69,309,021

80,562,311

34,077,870

80,911,345

1,277,375,939

192,276

1,358,479,560

114,640,181

Deduct:

Interest paid to the Secretary of the Treasury, pursuant to 

section 13(f) of the Federal Deposit Insurance Act, on capital

stock retired in prior years.........................................................

Net assessment income credits due insured banks for prior 

year (note 2 )................................................................................

Deposit insurance fund, June 30, 1951 (note 3 and exhibit 1).... $1,243,839,379

Notes 2, 3, and 4 on the following pages are an integral part of this statement.

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28 FEDERAL DEPOSIT INSURANCE CORPORATION

T a b l e 1 7 . F i n a n c i a l S t a t e m e n t s o f t h e F e d e r a l D e p o s i t I n s u r a n c e

C o r p o r a t i o n — f r o m A u d i t o r s ’ R e p o r t f o r t h e Y e a r E n d e d

J u n e 30, 1951— Continued

N o t e s t o t h e F i n a n c i a l S t a t e m e n t s — J u n e 30, 1951

1. Assets purchased under agreements with merged insured banks are evidenced by purchase 

agreements allowing a return at the rate of 4 percent per annum on the principal purchase price and 

any subsequent amounts expended by the Corporation. Under this arrangement the Corporation acquires title to the assets which it liquidates, returning excess recoveries, if any, to the stockholders of 

the closed banks involved.

Assets purchased outright represent collateral assets which have been purchased by the Corporation 

from receivership and merger cases in order to facilitate the termination of the liquidations. These 

assets are the absolute property of the Corporation and are not subject to any agreements with the 

closed banks from which the assets were originally acquired.

2. Section 7(d) of the Federal Deposit Insurance Act provides that as of December 31, 1950, and 

as of December 31 of each year thereafter, the Corporation shall credit pro rata to the insured banks 

60 percent of the net assessment income (as defined in the act) for the calendar year, the credit to be 

applied toward the payment of assessments becoming due for the semiannual period beginning the next 

July 1 and any excess credit to be applied to the assessment of the following period.

The net assessment income credits stated in the balance sheet ($101,432,932) are comprised of 

credits for the calendar year 1950 and the first six months (ended June 30, 1951) of calendar year 1951 

in the amounts of $68,706,891 (less $1,953,959 applied to effect recovery of assessments underpaid by 

insured banks) and $34,680,000, respectively.

3. The deposit insurance fund is not a measure of the deposit insurance risk assumed by the Corporation. The adequacy of the fund to meet future losses is dependent upon future economic conditions. 

However, based upon the loss experience of the Corporation and a review of data compiled by the Corporation with respect to banks which are potential loss cases, the fund appears to be adequate as of 

June 30, 1951.

The Corporation may borrow from the Treasury such funds as in the judgment of the board of 

directors of the Corporation are required from time to time for insurance purposes, not exceeding, in 

the aggregate, three billion dollars outstanding at any time. The Corporation has never used this borrowing power.

4. Under existing law, the Corporation is not required to bear the Government’s share of the cost 

of furnishing retirement, disability, and compensation benefits to the employees of the Corporation. 

These costs are estimated to be approximately $290,000 for the fiscal year 1951.

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Federal Reserve Bank of St. Louis
PART TWO

BANKING DEVELOPMENTS

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A s s e t s a n d L i a b i l i t i e s o f A l l B a n k s

Assets of all banks increased 6 percent during 1951 to a record total of 

$204 billion. Table 18 shows assets of all banks at the end of each year 

from 1945 to 1951. The major changes in bank assets since 1945 are a 

large increase in loans and a decline in holdings of United States Government obligations. These components of bank assets are now nearly equal 

in amount, each comprising about a third of total assets. Chart E shows 

the difference between 1945 and 1951 in the types of assets held by the 

banks.

Loans. Growth in loans amounting to $7 billion accounted for almost 

two-thirds of the increase in bank assets during 1951. Over half of the 

advance in loans was in commercial and industrial loans, which increased 

18 percent, a rate somewhat less than in 1950. The next greatest advance 

was in agricultural loans, which increased 17 percent in 1951 in contrast 

with a 5 percent decline in the preceding year. The high rate of growth 

since 1945 in real estate loans by banks tapered off somewhat in 1951 

as they increased only 12 percent. Consumer instalment and single 

payment loans to individuals advanced less than 4 percent in 1951, 

compared with 26 percent during 1950. The only type of loan actually 

to decline in volume between the 1950 and 1951 year ends was loans 

for carrying securities, which were 10 percent lower. Amounts of the 

different kinds of loans held by all banks at the end of each year since 

1945 are presented in Table 19.

Table 18. A ssets and L iab ilities, A l l Banks, U nited S tates and

Possessions, 1945-1951

(Amounts in millions)

Asset, liability, or capital 

account item

Dec. 31, 

1951

Dec. 30, 

1950

Dec. 31, 

1949

Dec. 31, 

1948

Dec. 31, 

1947

Dec. 31, 

1946

Dec. 31, 

1945

Total assets.................................... $203,863 $192,241 $180,043 $176,075 $176,024 $169,256 $178,203

Cash and funds due from banks. 

United States Government ob45,717 41,236 36,676 39,635 38,560 35,185 35,585

ligations....................................

Obligations of States and sub71,595 73,188 78,754 74,462 81,637 87,032 101,822

divisions .................................... 9,392 8,249 6,657 5,754 5,362 4,471 4,064

Other securities............................ 6,599 6,568

60,711

6,025 5,717 5,398 5,046 4,531

Loans and discounts—net.......... 68,001 49,828 48,453 43,231 35,810 30,473

Miscellaneous assets.................... 2,559 2,289 2,103 2,054 1,836 1,712 1,728

Total liabilities and capital

accounts.................................. $203,863 $192,241 $180,043 $176,075 $176,024 $169,256 $178,203

Total deposits.............................. 186,604 176,120 165,244 162,041 162,729 156,753 166,474

Miscellaneous liabilities.............. 2,553 2,205 1,633 1,480 1,298 1,158 1,203

Total capital accounts................ 14,706 13,916 13,166 12,554 11,997 11,345 10,526

Number of banks1........................... 14,661 14,693 14,736 14,753 14,767 14,655 14,725

1 Includes banks for which asset and liability data were not available, as follows: 25 in 1951, 27 in 1950, 

31 in 1949, 18 in 1948, 12 in 1947, 104 in 1946, and 104 in 1945.

Detailed data for 1951: See Table 105, pp. 144-45.

31

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32 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart E. D i s t r i b u t i o n o f A s s e t s o f A l l B a n k s , D e c e m b e r 31, 1945 a n d 1951

T a b l e 1 9 . P r i n c i p a l T y p e s o f L o a n s , A l l B a n k s ,

U n i t e d S t a t e s a n d P o s s e s s i o n s , 1945-1951

Dec. 31 Total

loans1

Commercial

and

industrial

Agricultural 

(excluding 

real estate)

Real

estate

For

carrying

securities

Other 

loans 

to individuals

All

other

Amount

(in millions)

1951.................... $68,998 $26,040 $3,430 $24,648 $2,585 $10,596 $1,699

1950................... 61,638 22,068 2,926 21,925 2,882 10,243 1,594

1948................... 50,615 17,195 3,075 18,350 2,658 8,159 1,178

1948................... 49,890 19,055 2,893 16,703 2,332 6,960 1,147

1947................... 43,231 18,295 1,678 14,302 2,075 5,791 1,090

1946................... 35,823 14,237 1,412 11,675 3,164 4,109 1,226

1945................... 30,467 9,600 1,361 8,980 6,827 2,419 1,280

Percentage

distribution

1951................... 100.0% 37.7% 5.0% 35.7% 3.7% 15.4% 2.5%

1950................... 100.0 35.8 4.7 35.6 4.7 16.6 2.6

1949................... 100.0 34.0 6.1 36.3 5.2 16.1 2.3

1948................... 100.0 38.8 5.9 34.0 4.8 14.2 2.3

1947................... 100.0 42.3 3.9 33.1 4.8 13.4 2.5

1946................... 100.0 39.8 3.9 32.6 8.8 11.5 3.4

1945................... 100.0 31.5 4.5 29.5 22.4 7.9 4.2

1 Includes valuation reserves, which are excluded from net loans in Table 18. 

Detailed data for 1951: See Table 105, p. 144.

Securities. The amount of bank investment in securities was little 

changed in 1951, decreasing less than 1 percent. Holdings of United 

States Government obligations declined moderately, but the decrease 

was partly offset by an increase in holdings of obligations of States and 

their political subdivisions. Since 1945 issues of the latter have increased 

markedly and banks, attracted in part by their tax-free status, have

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ASSETS AND LIABILITIES OF ALL BANKS 33

more than doubled their holdings of them. Other securities held by 

banks, mostly those of business enterprises, were practically unchanged 

in 1951.

Deposits. Deposits of all banks registered a 6 percent advance for 

the year. Two-thirds of the $187 billion total at the year end was in demand 

accounts and one-third in time and savings accounts. Annual figures of 

deposits of all banks from 1945 to 1951 are given in Table 20.

Table 20. T y p e s o f D e p o s i t s , A l l B a n k s , U n i t e d S t a t e s a n d

P o s s e s s i o n s , 1945-1951

(In millions)

Call dates Total

deposits

Business and personal

States

and

subdivisions

U. S.

Gov’t.

Interbank^

Total Demand Time

Certified

checks,

etc.

Dec. 31, 1951.............

Dec. 30, 1950.............

Dec. 31, 1949.............

Dec. 31, 1948.............

Dec. 31, 1947.............

Dec. 31, 1946.............

Dec. 31, 1945.............

$186,604

176,120

165,244

162,041

162,729

156,753

166,474

$157,670

149,455

140,241

138,674

140,357

133,956

121,776

$97,006

91,314

83,454

83,167

85,303

81,276

73,876

$57,472

55,203

54,416

53,355

52,454

50.284

45.285

$3,192

2,938

2,371

2,152

2,600

2,396

2,615

$10,102

9,546

8,956

8,561

7,788

6,895

5,786

$3,700

3,059

3,318

2,515

1,534

3,164

24,770

$15,132

14,060

12,729

12,291

13,050

12,738

14,142

i Includes pestal savings deposits; prior to Dec. 31, 1947, also includes a small amount of unclassified 

deposits.

Chart F. P e r c e n t a g e I n c r e a s e D u r i n g 1951 i n B u s i n e s s a n d P e r s o n a l

D e p o s i t s , A l l B a n k s

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34 FEDERAL DEPOSIT INSURANCE CORPORATION

A substantial proportion of total deposits continued to be held within 

a few States. At the end of 1951 banks in New York State alone held a 

fourth of total deposits. Almost another fourth was held by banks in 

the next three largest banking States—California, Illinois, and Pennsylvania, Of these four States, only California experienced a rate of 

increase in deposits during 1951 which was greater than the national 

average. As indicated in Chart F, every State showed growth in business 

and personal deposits in 1951. The largest increases were in the South 

and West, and the smallest were scattered among northern States from 

Massachusetts to Washington.

Capital accounts. By the end of 1951 total capital accounts of all 

banks approached the $15 billion mark. Since 1945 total capital accounts 

have increased 40 percent which is almost three times as rapidly as 

assets, which increased 14 percent. However, in 1951 the rate of increase 

in capital accounts was about the same as that in assets.

A sse t s a n d L ia b il it ie s of I n s u r e d C o m m e r c ia l B a n k s

Assets and liabilities of insured commercial banks from 1945 to 1951 

are presented in Table 21. These banks include over nine-tenths of all 

banks in the United States and possessions, and at the end of 1951 

held 87 percent of the assets of all the banks. Since these banks substantially determine the dimensions of the assets and liabilities of all 

banks, attention is focused in this section on banking developments 

concerning which data are available only for the insured commercial 

banks.

T a b l e 2 1 . A s s e t s a n d L i a b i l i t i e s , I n s u r e d C o m m e r c i a l B a n k s ,

U n i t e d S t a t e s a n d P o s s e s s i o n s , 1 9 4 5 -1 9 5 1

(Amounts in millions)

Asset, liability, or capital 

account item

Dec. 31, 

1951

Dec. 30, 

1950

Dec. 31, 

1949

Dec. 31, 

1948

Dec. 31, 

1947

Dec. 31, 

1946

Dec. 31, 

1945

Total assets.................................... $177,449 $166,792 $155,319 $152,163 $152,773 $147,365 $157,582

Cash and funds due from banks. 

United States Government ob44,242 39,864 35,222 38,097 36,936 33,704 34,303

ligations....................................

Obligations of States and sub60,599 61,047 65,847 61,407 67,960 73,575 88,933

divisions ................................... 9,016 7,959 6,403 5,511 5,131 4,301

3,593

3,875

Other securities............................ 4,058 4,192

51,809

3,574 3,421 3,621 3,258

Loans and discounts—net.......... 57,371 42,499 41,979 37,592 30,740 25,769

Miscellaneous assets.................... 2,163 1,921 1,774 1,748 1,533 1,452 1,444

Total liabilities and capital

accounts................................. $177,449 $166,792 $155,319 $152,163 $152,773 $147,365 $157,582

Total deposits.............................. 163,172 153,498 143,194 140,683 141,889 137,029 147,811

Miscellaneous liabilities.............. 2,354 2,013 1,476 1,320 1,148 1,048

9,288

1,099

Total capital accounts................ 11,923 11,281 10,649 10,160 9,736 8,672

Number of banks............................ 13,455 13,446 13,436 13,419 13,403 13,359 13,302

Detailed data for 1950 and 1951: See Table 107, pp. 148-51.

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ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS 35

Examiners’ appraisal of assets. At the time of examination during 

1951 insured commercial banks showed assets of $164 billion. The value 

of the assets as appraised by examiners was about $10 million less than 

book value. In addition to assets deducted by examiners, $620 million 

of assets were classified as substandard. Relative to total assets, substandard assets were the lowest since 1946, and were markedly below 

the proportion characteristic of the period prior to 1945. Amounts and 

percentages of assets classified as substandard from 1945 to 1951 are 

given in Table 22.

Table 22. Su b st a n d a r d A ssets, I n su red C o m m e r c ia l B a n k s , 1945-19511

Year

Substandard assets Substandard

loans

Substandard

securities2

Substandard fixed 

and misc. assets

Amount

(in

millions)3

Percentage of

Amount

(in

millions)

Percentage 

of total 

loans

Amount

(in

millions)

Percentage 

of total 

other 

securities

Amount

(in

millions)

Percentage 

of total 

fixed and 

misc. 

assets

Total

assets

Total

capital

accounts

1951.............. $ 620 .38% 5.35% $ 394 .73% $ 187 1.52% $ 39 1.19%

1950.............. 689 .45 6.35 445 .99 202 1.90 42 1.47

1949.............. 762 .51 7.32 515 1.26 200 2.22 47 1.65

1948.............. 788 .53 8.00 533 1.35 211 2.51 44 1.51

1947.............. 696 .48 7.42 422 1.28 231 2.92 44 1.67

1946.............. 526 .36 6.02 (4) (4) (4) (4) (4) (4)

1945............. 619 .45 7.58 263 1.23 259 4.17 97 4.07

1 Classified at time of examination.

2 Amounts and percentages both refer to securities other than U. S. Government obligations. Prior to 1942 

no segregation was made between U. S. Government obligations and other securities.

3 Components do not necessarily add to the total because of rounding.

4 Data not available.

Detailed data: See Table 108, pp. 154-55.

Improvement in the quality of assets applied to all types of assets. 

Substandard loans, which comprised about two-thirds of all substandard 

assets, amounted to 0.7 percent of total loans, the lowest percentage for 

any year for which comparable data are available. Substandard securities 

amounted to 1.5 percent of all securities other than United States Government obligations, which was also a smaller percentage than in any previous 

year. Only about 1 percent of fixed and miscellaneous assets were classified substandard, as compared with nearly 25 percent so classified in 1939.

Many banks have provided for possible losses by setting up valuation 

reserves for loans and securities, which at the end of 1951 amounted to 

$1,073 million. Substandard assets, one of the elements of possible loss 

in banking operations, amounted in 1951, according to the examiners’ 

appraisal, to more than one-half of such reserves. Substandard assets in 

1951 amounted to 5.4 percent of the total capital accounts of insured 

commercial banks, the smallest proportion since 1939. These reserves 

and accounts are not, of course, necessarily held by banks wThose risk 

from substandard assets is greatest. Moreover, it is possible that many 

assets which now appear sound may be found vulnerable in the future.

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36 FEDERAL DEPOSIT INSURANCE CORPORATION

Insured real estate loans. For the first time information concerning 

bank holdings of residential real estate loans insured or guaranteed 

by Federal Government agencies was obtained in the regular reports 

of the banks to supervising agencies. At the end of 1951, over $6 billion, 

or 56 percent, of total residential real estate loans held by insured commercial banks was insured or guaranteed. Of these underwritten loans, 

$3.4 billion was insured by the Federal Housing Administration and 

$2.9 billion was insured or guaranteed by the Veterans Administration. 

A special survey as of June 30, 1950, indicated that 51 percent of residential real estate loans of insured commercial banks was underwritten at 

that time. Thus there was a modest increase during the year-and-a-half 

interval in the use by these banks of Government insurance or guaranty.

The proportion of home loans at the end of 1951 which was guaranteed 

varied considerably among banks in the different States. In general, 

banks in the western States had relatively more, and banks in the southeastern States relatively less guaranteed loans. The percentage of total 

bank holdings of residential real estate loans insured or guaranteed 

ranged downward from 84 percent in Idaho to 20 percent in Mississippi. 

These percentages and the rates of increase in residential loans from 

1945 to 1951 are shown by States in Chart G.

T a b l e 2 3 . M a t u r i t i e s o f U n i t e d S t a t e s G o v e r n m e n t O b l i g a t i o n s H e l d b y

I n s u r e d C o m m e r c i a l B a n k s , 194-5-1951

Marketable issues

Dec.

31

Direct NonTotal

Bonds maturing in—.2 Guaranteed

marketable

issues3

Bills1 Certificates1

Notes1

5 years 

or less

5 to 10 

years

10 to 20 

years

Over 

20 years

issues

Amount (in millions)

1951

1950

1949

1948

1947

1946

1945

$60,599

61,047

65,847

61,407

67,960

73,575

88,933

$7,223

4,122

3,692

2,822

2,124

1,272

2,456

$ 7,536 

1,937 

12,488 

10,068 

7,555 

12,293 

19,075

$11,274

16,774

5,812

3,395

5,920

6,781

16,047

$19,645

22,594

27,278

19,374

18,341

12,728

9,030

$ 7,024 

7,737 

7,692 

15,114 

22,202

29,700 

32,230

$3,055

2,987

4,461

6,581

7,534

6,597

6,092

$2,335

2,554

2,409

2,059

2,654

3,008

2,787

$21

11

6

8

14

15 

22

Percentage

distribution

$2,486

2,331

2,009

1,986

1,616

1,181

1,194

1951 100.0% 11.9% 12.4% 18.6% 32.4% 11.6% 5.1% 3.9% (4) 4.1%

1950 100.0 6.7 3.2 27.5 37.0 12.7 4.9 4.2 (4) 3.8

1949 100.0 5.6 19.0 8.8 41.4 11.7 6.8 3.6 (4) 3.1

1948 100.0 4.6 16.4 5.5 31.6 24.6 10.7 3.4 (4) 3.2

1947 100.0 3.1 11.1 8.7 27.0 32.7 11.1 3.9 (4) 2.4

1946 100.0 1.7 16.7 9.2 17.3 40.4 9.0 4.1 (4) 1.6

1945 100.0 2.8 21.5 18.0 10.2 36.2 6.9 3.1 (4) 1.3

1 Treasury bills are generally issued with maturities of 91 days; certificates of indebtedness have 

maturities of approximately one year; and Treasury notes are issued with maturities of from one to 

five years.

2 Based upon number of years to final maturity.

3 United States savings bonds, Treasury bonds (investment series A-1965), and depositary bonds. 

Prior to December 31, 1947, this item included United States savings bonds only, depositary bonds 

were included with other United States bonds according to maturity.

4 Less than .05 percent.

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ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS 37

Chart G. In s u r e d o r G u a r a n t e e d R e s id e n t ia l R e a l E s t a t e L oa n s, 

D e c e m b e r 3 1 , 1 9 5 1 , a n d I n c r e a s e in R e s id e n t ia l R e a l E s t a t e L oa n s, 

1 9 4 5 t o 1 9 5 1 , In s u r e d C o m m e r cia l B a n k s

PERCENTAGE OF RESIDEN TIAL REA L ESTATE

LOANS IN SU RED OR GUARANTEED, 1951

PERCENTAGE INCREASE IN R ESID EN T IA L

R EA L ESTATE LO A N S, 1945 TO 1951

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38 FEDERAL DEPOSIT INSURANCE CORPORATION

Maturities of United States Government obligations. Insured 

commercial bank holdings of United States Government obligations 

declined about $3.6 billion during the first half of 1951; purchases during 

the second half raised holdings to $60.6 billion, only slightly below the 

level at the beginning of the year. The amount and percentage distribution by type and maturity of United States Government obligations 

held by insured commercial banks from 1945 to 1951 are given in Table 23.

The slight decline in holdings of United States Government obligations 

was accompanied by increased investment in short-term issues, carried 

out within the framework of Treasury redemptions and offerings. During 

the year the Treasury offered certificates of indebtedness for $27 billion 

of maturing notes and nearly $4 billion of maturing bonds. These Treasury 

operations were reflected in the nearly $6 billion increase in certificates 

and an equivalent decline in notes held by insured commercial banks. 

At the same time maturities and sales reduced the banks* bond portfolio 

by $4 billion, part of the proceeds going into Treasury bills, holdings of 

which were $3 billion greater.

Table 24. C a p i t a l A c c o u n t s , I n s u r e d C o m m e r c i a l B a n k s ,

U n i t e d S t a t e s a n d P o s s e s s i o n s , 1934-1951

Dec. 31

Amount (in millions) Ratio of total 

capital accounts to—

Total

capital

accounts

Common

stock

Preferred 

stock, 

capital 

notes, 

and debentures

Surplus

Undivided

profits

and

reserves

Total

assets

Assets 

other than 

cash and 

U. S. 

Gov’t, 

obligations

1951....................... $11,923 $3,631 $ 6 8 $5,504 $2,720 6.7% 16.6%

1950....................... 11,281 3,437 82 5,200 2,562 6 .8 17.1

1949....................... 10,649 3,305 91 4,803 2,450 6.9 19.6

1948....................... 10,160 3,163 1 0 1 4,504 2,392 6.7 19.3

1947....................... 9,736 3,079 116 4,316 2,225 6.4 20.3

1946....................... 9,288 2,994 148 4,060 2,086 6.3 23.2

1945....................... 8,672 2,837 195 3,785 1,855 5.5 25.2

1944....................... 7,990 2,660 252 3,402 1,676 5.9 27.6

1943....................... 7,454 2,567 308 3,090 1,489 6 .6 28.3

1942....................... 7,056 2,506 342 2,802 1,406 7.4 26.0

1941....................... 6,845 2,469 380 2 ,6 8 8 1,308 8.9 2 2 .8

1940....................... 6,673 2,441 431 2,563 1,238 9.4 24.4

1939....................... 6,524 2,432 482 2,443 1,167 10.3 25.4

1938....................... 6,435 2,428 553 2,347 1,107 11.3 25.6

1937....................... 6,404 3,030 0 ) 2,268 1,106 1 1 .8 25.0

1936....................... 6,329 3,081 0 ) 2,185 1,063 11.3 24.6

1935....................... 6 ,2 1 0 3,300 0 ) 1,946 964 1 2 .2 26.1

1934....................... 6,152 3,349 0) 1,915 8 8 8 13.2 26.1

1 Preferred stock, capital notes, and debentures included with common stock.

Capital accounts. Total capital accounts of insured commercial 

banks maintained in 1951 the steady increase they have recorded each 

year since the Corporation was organized. During the year they advanced 

$0.6 billion to $11.9 billion, yet did not keep pace with the growth in 

total assets and deposits. At the end of 1951, the ratio of total capital

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Federal Reserve Bank of St. Louis
ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS 39

accounts to total assets was 6.7 percent. On that date the equity of 

bank stockholders, relative to bank assets, was only about half what it 

was in 1934. A summary of capital accounts and capital ratios from 

1934 to 1951 is presented in Table 24.

The geographical distribution of capital ratios in 1951 resembled the 

pattern of recent years. As may be noted in Chart H, the highest capital 

ratios are in the New England and Middle Atlantic States while the 

lowest ratios are in the West. The highest average capital ratio for 

insured commercial banks, 9.6 percent in New Hampshire, was more 

than twice that of the lowest, 4.4 percent in Montana.

C h a r t H . R a t io o f T o t a l C a p i t a l A c c o u n t s t o T o t a l A s s e t s ,

I n s u r e d C o m m e r c ia l B a n k s , D e c e m b e r 31, 1951

UNITED STATES AVERAGE 6.7 %

These averages, of course, conceal wide variations in the capital ratios 

of individual banks. The extent of these variations is indicated in Chart I, 

in which the banks are grouped according to their individual ratios. 

There it is shown that 306 insured commercial banks had capital ratios 

of less than 4 percent; at the other extreme, 244 banks had ratios of 15 

percent or more. Almost two-thirds of the banks had capital ratios 

between 5 and 9 percent.

The preferred stock, capital notes, and debentures of insured commercial banks, held chiefly by the Reconstruction Finance Corporation, 

were further reduced in 1951. At the end of the year only $69 million 

remained outstanding, and this amount was concentrated in a few banks.

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40 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart I. B a n k s G r o u p e d b y R a t i o o f T o t a l C a p i t a l A c c o u n t s t o T o t a l

A s s e t s , I n s u r e d C o m m e r c i a l B n k s , D e c e m b e r 31, 1951

14.0%-14.9%

15.0% or more

1000 1500

N U M B E R OF B A N K S

I n c o m e of I n s u r e d C o m m e r c ia l B a n k s

Total income of insured commercial banks reached a record high of 

$4,564 million in 1951. Net income before income taxes also exceeded 

that of any preceding year, but increased Federal and State taxes left 

net income after taxes slightly below the 1950 high. Chart J illustrates 

the operating experience of the insured commercial banks in 1951.

Total income is computed by adding to total current operating earnings 

income of a nonrecurring character, such as transfers from reserve 

accounts and profits from the sale of securities. The major components 

of total income of insured commercial banks, and the disposition of that 

income, are shown in Chart K. Almost three-fourths of the income came 

from loans and United States Government obligations. The largest 

expense item was wages and salaries.

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Chart J . O p e r a t i n g E x p e r i e n c e o f I n s u r e d C o m m e r c i a l B a n k s , 1950-1951

(In millions of dollars)

INCOME OF INSURED COMMERCIAL BANKS 41

/

TOTAL CURRENT

OPERATING

EARNINGS

went up.

2.

CURRENT

OPERATING

EXPENSES

advanced less

causing...

1950 1951

1950 1951

CHARGE-OFFS

increased,

RECOVERIES

declined

resulting in

larger net

charge-offs

in 1951.

1950 1951

7.

DIVIDENDS

to stockholders

were larger

but...

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42 FEDERAL DEPOSIT INSURANCE CORPORATION

Chart K . S o u r c e s a n d D i s p o s it io n o f T o t a l I n c o m e

I n s u r e d C o m m e r c ia l B a n k s , 1951

SO URCES DISPO SITIO N

Table 25. P e r c e n t a g e D i s t r i b u t i o n o f S o u r c e s a n d D is p o s i t i o n o f T o t a l I n c o m e ,

I n s u r e d C o m m e r c ia l B a n k s , 1945-1951

Item 1951 1950 1949 1948 1947 1946 1945

Total incom e.............................................. 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 %

Sources

Loans......................................................... 53.1 48.1 46.1 43.6 38.2 29.1 24.3

U. S. Government obligations................. 2 1 .6 24.3 26.5 27.5 32.1 37.3 37.9

Other securities......................................... 5.5 5.4 5.3 5.2 5.3 5.4 5.6

Service charges on deposit accounts....... 5.0 5.1 5.1 4.7 4.4 3.8 3.7

Other current earnings............................. 1 1 .1 1 1 .2 11.4 1 1 .8 1 2 .2 11.9 11.5

Recoveries (including transfers from reserve accounts and profits on sale of 

securities)............................................... 3.7 5.9 5.6 7.2 7.8 12.5 17.0

Disposition

Salaries and wages.................................... 29.6 28.8 29.1 28.5 28.2 25.4 23.1

Interest on deposits.................................. 8.4 8 .2 8 .6 8 .6 8.9 8 .2 7.8

Deposit insurance assessment.................. 1 .1 2.7 2 .8 3.0 3.1 3.0 2.9

Other current expenses............................. 2 0 .1 18.9 19.3 18.9 18.8 17.3 17.1

Charge-offs (including losses and transfers to reserve accounts)....................... 8 .6 8 .8 9.9 13.2 8.7 8 .6 8 .8

Income taxes............................................. 12.3 1 0 .2 8.5 7.5 9.0 9.9 1 0 .0

Dividends on capital................................. 9.2 9.3 9.3 9.0 9.4 9.1 9.2

Profits retained in capital accounts........ 10.7 13.1 12.5 11.3 13.9 18.5 2 1 .1

Detailed data: See Table 111, pp. 162-63.

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INCOME OF INSURED COMMERCIAL BANKS 43

After deducting all expenses, charge-offs and taxes, about a fifth of 

total income remained as net profits. Percentage distributions of the 

sources and disposition of total income for each year from 1945 to 1951 

are shown in Table 25.

Total current operating earnings. Total current operating earnings 

in 1951 were $4,395 million, an increase of $464 million over 1950. Almost 

90 percent of this increase represented earnings on loans, which rose to 

$2,425 million. Interest on United States Government obligations 

declined slightly to $984 million. Together, these two items accounted 

for almost four-fifths of total current operating earnings. The remaining 

one-fifth was made up of interest on other securities, service charges on 

depositors’ accounts, and other current operating earnings, all of which 

were higher in 1951 than during the previous year. A summary of earnings, 

expenses, and profit data of insured commercial banks for each year 

from 1945 to 1951 is given in Table 26.

Table 26, E a r n in g s, E x p e n s e s , an d P r o f it s, I n su red C o m m e r c ia l B a n k s ,

1934-1951

(In millions)

Year

Total

current

operating

earnings

Total

current

operating

expenses1

Net

current

operating

earnings1

Chargeoffs in 

excess of 

recoveries 

and profits 

on assets 

sold2

Income

taxes3

Net

profits

after

taxes

Cash 

dividends 

declared 

and 

interest 

paid on 

capital

Net

profits

retained

in

capital

accounts

1951.. $4,395 $2,701 $1,694 $226 $560 $908 $419 $489

1950.. 3,931 2,445 1,486 1 2 1 428 937 391 546

1949.. 3,607 2,284 1,323 167 325 831 354 477

1948.. 3,404 2,164 1,240 219 276 745 332 413

1947.. 3,098 1,982 1,116 | 32 302 782 315 467

1946.. 2,863 1,763 1 ,1 0 0 1264 323 903 299 604

1945.. 2,482 1,523 959 2454 299 905 274 631

1 Figures for 1934-1941 are estimated and differ from reported figures by the amount of estimated 

income taxes excluded from total current operating expenses. See note 3.

2 Book value of assets charged off, and transfers to valuation reserves, minus recoveries on assets 

previously charged off, transfers from valuation reserves, and profits on assets sold.

3 Includes surtax and excess profits tax.

4 Recoveries and profits on assets sold in excess of charge-offs.

Detailed data: See Table 111, pp. 162-63.

In recent years there has been a marked change in the relative importance of the two largest sources of current operating earnings. In 

1945 interest on United States Government obligations accounted for 

46 percent of total current operating earnings, while loan income contributed only 29 percent. However, in each of the succeeding years the 

relative importance of interest on United States Government obligations declined while that of loan income increased. In 1951 only 22 

percent of total current operating earnings was attributable to United 

States Government obligations, whereas 55 percent was composed of 

loan income. Chart L shows changes in the relative importance of the 

two items since 1945.

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44 FEDERAL DEPOSIT INSURANCE CORPORATION

The larger loan income reflects both a greater volume of loans and a 

higher average rate of return. Between 1945 and 1951 loans held by 

insured commercial banks increased by 132 percent and the average 

rate of income on loans went from 3.09 percent to 4.45 percent. In 1951 

the major part of the increase in loan income was due to the increase in 

the volume of loans. The average rate of income on loans advanced 

slightly. The average rates of income on loans and other operating ratios 

for the years 1945 to 1951 are given in Table 27.

Chart L. P r o p o r t io n s o f T o t a l C u r r e n t O p e r a t i n g E a r n i n g s D e r i v e d F r o m

L o a n s , U S. G o v e r n m e n t O b l i g a t i o n s , a n d O t h e r S o u r c e s , I n s u r e d

C o m m e r c ia l B a n k s , 1945-1951

The average rate of income on loans varied directly with size of bank. 

In 1951 banks with deposits of $500,000 or less received a return of 7.19 

percent on their loans; the average rate of return declined with increased 

size of bank, amounting to 3.56 percent in banks with deposits of more 

than $100 million.

The reduced income from United States Government obligations 

was due to a reduction in the amount held. The rate of interest received 

on these obligations was slightly higher in 1951, averaging 1.65 percent 

compared with 1.59 percent in 1950.

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INCOME OF INSURED COMMERCIAL BANKS 45

Table 27. S e l e c t e d O p e r a t i n g R a t i o s , I n s u r e d C o m m e r c i a l B a n k s , 1945-1951

Operating ratio1 1951 1950 1949 1948 1947 1946 1945

Net current operating earnings to total

assets.......................................................... 1 .0 0 % .93% .87% .82% .75% .72% .6 6 %

Net profits after taxes to total capital

accounts..................................................... 7.82 8.51 7.98 7.49 8 .2 0 1 0 .0 1 10.87

Dividends and interest on capital to total

capital accounts......................................... 3.61 3.55 3.40 3.33 3.31 3.32 3.29

Retained net profits to total capital accounts ......................................................... 4.21 4.96 4.58 4.16 4.89 6.69 7.58

Average rate of income on loans................. 4.45 4.34 4.22 4.04 3.79 3.43 3.09

Average rate of income on securities.......... 1.71 1 .6 6 1 .6 8 1.64 1.60 1.56 1.46

Average interest paid on time and savings

deposits...................................................... 1.03 .94 .91 .90 .87 .84 .87

Average service charges to demand deposits .2 0 .19 .18 .17 .14 .1 1 .1 0

Income taxes to net profits before income

taxes........................................................... 38.15 31.35 28.11 26.98 27.89 26.38 24.80

i For data used in deriving these ratios, see Table 111, pp. 162-63.

Income from securities other than United States Government obligations increased 10 percent during 1951 to $249 million. These securities 

yielded an average return of 1.99 percent in 1951, compared with 2.04 

percent in 1950.

Among other items contributing to bank earnings, service charges on 

deposit accounts advanced 9 percent in 1951 to $230 million, and earnings 

of trust departments in the same period increased by 6 percent to a total 

of $192 million. Service charges on deposit accounts have grown steadily 

in importance; in 1951 income from such charges averaged $0.20 per 

$100 of demand deposits, twice the 1945 average. The $12 million advance 

in the earnings of trust departments brought such earnings to the highest 

level on record.

All other current operating earnings in 1951, including miscellaneous 

service charges, commissions, fees, and rentals, totaled $315 million.

Total current operating expenses. In 1951 total current operating 

expenses amounted to $2,701 million, an advance of 11 percent over

1950. Expenditures for wages and salaries, which comprised one-half 

of total current operating expenses, increased at the same rate. The 

increase in wage and salary payments was the result of higher rates of 

pay and a rise of almost 25,000 in the number of officers and employees. 

Bank officers earned an average of $6,690 and other employees an average 

of $2,671 in 1951, as compared with $6,327 and $2,438 respectively in

1950.

Table 28 shows marked differences in average salaries and wages paid 

by banks in various size groups. Average salaries of officers in the largest 

size group of banks were more than four times those in the smallest size 

group of banks, and average wages of other employees were about twice 

as high in the former group of banks as in the latter. However, salaries

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46 FEDERAL DEPOSIT INSURANCE CORPORATION

and wages of an unknown number of part-time officers and other employees are included in the average, and there may be relatively more 

part-time employees in small banks than in large banks.

Table 28. N u m b e r a n d A v e r a g e S a l a r y o f E m p l o y e e s ,

I n s u r e d C o m m e r c i a l B a n k s , 1951

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group

Number of 

employees1

Total salaries 

and wages 

(in thousands)

Average yearly 

salary per—

Officers Others Officers Others Officer

Other

employee1

All insured commercial banks2. . . 72,686 323,643 $486,300 $864,519 $ 6,690 $2,671

Banks with deposits of—3

$500,000 or less............................... 806 457 1,934 563 2,400 1,232

$500,000 to $1,000,000................... 3,842 2,775 11,642 4,022 3,030

3,692

1,449

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 ................ 8,763

15,520

9,070 32,354 15,752 1,737

$2,000,000 to $5,000,000................ 26,936 72,916 54,480 4,698 2,023

$5,000,000 to $10,000,000.............. 9,824 28,968 56,783 65,297 5,780 2,254

$10,000,000 to $50,000,000............ 13,404 69,333 97,979 165,880 7,310 2,393

$50,000,000 to $100,000,000.......... 3,898 28,640 33,244 69,312 8,528 2,420

More than $100,000,000................. 17,406 167,217 176,641 483,957 10,148 2,894

1 Includes an unknown number of part-time employees.

2 Data relate to average number of employees of insured commercial banks operating at beginning 

and end of year. See Table 113, pp. 166-67 and the corresponding table in the Annual Report of the Corporation for 1950, pp. 254-55.

3 Data relate to number of employees at end of year of insured commercial banks operating throughout the year, and the banks are grouped according to deposits at end of year. See Table 115, pp. 170-71. 

Figures will not add precisely to those given for all insured commercial banks because of the difference 

in the character of the data.

Interest paid on savings and time accounts in 1951 totaled $385 million, 

the largest amount ever paid by insured commercial banks. This comprised about one-seventh of total current operating expenses, a substantially smaller portion than in pre-war years when higher rates of 

interest prevailed. However, the rate of interest paid on such deposits 

in 1951, which averaged 1.03 percent, was slightly higher than in the 

last few years.

Property and other taxes, except those on net income, advanced 6 

percent in 1951 to $136 million. Since 1945 such taxes have risen about 

37 percent.

All other operating expenses totaled $830 million. These include such 

items as nonrecurring depreciation on fixed assets, rentals, interest on 

borrowed money, deposit insurance assessments, and incidental expenses.

Net current operating earnings. The increase in expenses in 1951 

was more than offset by the rise in earnings so that net current operating 

earnings of the insured commercial banks advanced 14 percent to $1,694 

million.

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INCOME OF INSURED COMMERCIAL BANKS 47

The rate of net earnings on total assets rose from 0.93 percent in 1950 

to 1.00 percent in 1951, the highest since the beginning of deposit insurance. The rate varied with size of bank. The average rate of net 

earnings was highest for banks in the smallest size group, 1.26 percent 

for banks with deposits of $500,000 or less, and declined progressively 

with increased size of bank, averaging 0.93 percent for banks with deposits 

of more than $100 million.

Charge-offs, recoveries, and transfers to and from reserves.

Income from other than current operations totaled $169 million in 

1951, down 31 percent from the preceding year. About one-third of this 

income, or $56 million, came from profits on the sale of securities. Recoveries on loans and securities previously written off amounted to $39 

million and transfers from reserve accounts totaled $40 million. Miscellaneous recoveries and profits were $34 million.

Expenses not directly related to current operations of the insured 

commercial banks increased in 1951, totaling $395 million. Over half, 

or $204 million, represented additions to valuation reserves for loans. 

Charge-offs and provision for reserves on securities amounted to $115 

million, of which about three-tenths represented additions to valuation 

reserves for securities and about seven-tenths consisted of direct losses 

for which no reserve had been provided. The net amount of charge-offs 

in excess of recoveries and profits on assets sold totaled $226 million in

1951, an advance of almost 87 percent over the preceding year.

By the end of 1951, about 45 percent of all insured commercial banks 

had established valuation reserves against loans in accordance with the 

December 8, 1947, ruling of the Commissioner of Internal Revenue. 

This ruling permits banks to accumulate limited amounts of tax-free 

reserves for bad-debt losses on loans. The number of banks making use 

of this ruling has increased in each year since 1948, when only 38 percent 

of the banks were doing so. The number of banks using the reserve 

method and the amount of reserves held, for each of the past four years, 

are given in Table 29.

Net profits and their disposition. Notwithstanding the increase 

in total current operating expenses and net charge-offs in 1951, the 

substantial rise in total current operating earnings gave the insured 

commercial banks a record high of $1,468 million of net profits before 

taxes. Net profits after taxes were $908 million, down 3 percent from the 

peak attained in 1950, but still above the previous highs of 1945 and 1946.

The banks retained $489 million of net profits after taxes as additions 

to their capital accounts. Although this was the principal source of 

addition to bank equities during the year, it was 10 percent below the 

amount of net profits retained in 1950.

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48 FEDERAL DEPOSIT INSURANCE CORPORATION

T a b l e 2 9 . I n s u r e d C o m m e r c i a l B a n k s , U n i t e d S t a t e s a n d P o s s e s s i o n s ,

U s i n g R e s e r v e M e t h o d o f A c c o u n t i n g f o r B a d - D e b t L o s s e s o n L o a n s

i n A c c o r d a n c e w i t h R u l i n g o f C o m m i s s i o n e r o f I n t e r n a l R e v e n u e , 1 9 4 8 -1 9 5 1

Banks using reserve method Total

National 

banks 

members 

F. R.

System

State 

banks 

members 

F. R.

System

Banks 

not 

members 

F. R.

System1

Number of banks:

1951.................................................................. 6,013 2,493 962 2,558

1950.................................................................. 5,796 2,422 947 2,427

1949.................................................................. 5,580 2,336 937 2,307

1948.................................................................. 5,123 2,135 8 8 8 2 ,1 0 0

Percentage of banks:

1951.................................................................. 45% 50% 51% 39%

1950.................................................................. 43 49 50 37

1949.................................................................. 42 47 49 35

1948.................................................................. 38 43 46 32

Am ount of reserves, Dec. 31 (in thousands) : 2

1951.................................................................. $716,445 $429,565 $206,270 $80,610

1950.................................................................. 590,560 358,7683 165,507 66,285

1949.................................................................. 464,034 280,983 132,290 50,761

1948.................................................................. 320,658 199,363 86,928 34,367

1 Revised data for number of banks for years prior to 1951 and for amount of reserves in 1949.

2 Reserves for bad-debt losses on loans, set up in accordance with the ruling of the Commissioner 

of Internal Revenue on December 8 , 1947, comprise the major portion of valuation reserves for loans; 

the latter totaled $813,589,000 on December 31, 1951.

3 Revised.

The disposition of net profits after taxes varied with size of bank. On 

the average, the smaller banks retained in their capital accounts about 

seven-tenths of their net profits after taxes. There was a progressive 

decline in this percentage so that banks with deposits of more than $100 

million retained in capital accounts, on the average, only two-fifths 

of net profits. Chart M illustrates differences in the disposition of net 

income after taxes in the insured commercial banks grouped by size.

Lower net profits after taxes did not result in smaller dividends to 

stockholders, as dividends and interest on capital advanced 7 percent 

over the preceding year to a new high of $419 million. All but $4 million 

of this consisted of cash dividends to holders of common stock. This 

was the ninth consecutive year in which dividend payments were larger 

than in the preceding year.

Variation in net profits by State and size of bank. The rate of 

net profits after taxes on total capital accounts for all insured commercial 

banks was 7.8 percent. However, considerable variation exists among 

different geographical areas and among banks of various size groups. 

The 12 States in which the banks averaged a return smaller than the 

national average were the six New England States, five middle Atlantic 

States, and Wisconsin. All of the 14 States in which the banks averaged 

a return of 10 percent or more on total capital accounts were located 

west of the Mississippi, or in the South. The rates for each State are 

shown in Chart N.

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INCOME OF INSURED COMMERCIAL BANKS 49

Chart M . P r o p o r t io n s o f P r o f it s A f t e r T a x e s R e t a i n e d i n C a p i t a l A c c o u n t s ,

1 9 5 1 , I n s u r e d C o m m e r c i a l B a n k s G r o u p e d b y Siz e

Chart N . R a t e o f N e t P r o f i t A f t e r T a x e s o n T o t a l C a p i t a l A c c o u n t s ,

I n s u r e d C o m m e r c ia l B a n k s , 1951

| t «>•<>%-12.9%

UNITED STATES AVERAGE 7 .8 %

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50 FEDERAL DEPOSIT INSURANCE CORPORATION

For banks grouped by size, the rate of net profits on total capital 

accounts averaged highest for those with deposits of from $1 million to 

$2 million. The lowest rate, 7.1 percent, was found in the largest size 

group and, in general, the average rate of net profit was smaller the 

larger the size group.

The differences among banks in the rate of net profit are in part a 

reflection of differences in the relative capital positions of the banks, 

but the variation is also related to location and size of bank.

M u t u a l Sa v in g s B a n k s

After several years of study by a committee of the National Association 

of Supervisors of State Banks and the Federal Deposit Insurance Corporation, a new set of forms for gathering data relating to the condition 

and earnings of insured mutual savings banks was made effective in

1951. These forms were designed principally to secure greater accuracy 

in the reporting of loss experience and to provide more uniformity of 

reporting by the banks operating under various State statutes.

In many respects the uniform statements represent a departure from 

previous call report forms. The chief differences between the revised 

forms and those which have been used in the past are discussed below. 

Copies of the uniform report of condition and report of income and 

dividends, as well as detailed instructions for the preparation of the 

reports, may be obtained from the Division of Research and Statistics 

of the Corporation.

Report of condition. Changes in the report of condition were confined to a revised treatment of the write-down of assets and to more 

detailed reporting of real estate loans.

Direct write-downs (except on abandoned assets)1 are now reported 

each year on a cumulative basis and are referred to as “ Other asset 

valuation provisions.” Instructions for the preparation of the report of 

condition suggest that banks establish a continuous accounting control 

of write-downs of book assets on a basis comparable with prevailing 

treatment of valuation reserves. In the case of real estate owned, other 

than bank premises, the amount of write-down is the difference between 

book value and bank investment cost, the latter being the mortgage 

principal at acquisition, plus property additions and betterments. On 

securities the amount of “ Other asset valuation provision” is the amount 

of write-down below par value when bought at a premium, and below 

cost when bought at a discount (any charge-off of premium is considered 

as a nonrecurring expense item).

1 Abandonment is considered to be a decision to take no further steps in the collection and protection 

of the investment and to regard as contingent any possible realization. Such decision is ordinarily accompanied by the write-down of the asset to nominal value and transfer from the asset category to 

miscellaneous assets.

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The new statement also shows additional security data and real 

estate mortgage loans by type of contract. The individual security and 

loan items are reported gross and the valuation reserves and “ Other 

asset valuation provisions” (direct write-downs, except on abandoned 

assets) are deducted from the book value of the relevant groups of assets.

Report of income and dividends. The objective of the treatment 

of profit and loss called for in the report is to separate profits and losses 

actually received or sustained from charges and credits representing 

merely the adjustment of book value without disposal of the asset. 

The report further distinguishes between actual realized profits and 

losses on assets disposed of during the period on which: (a) no previous 

loss provision had been made; and (b) previous loss provision had been 

made by valuation reserves or write-downs. By “ actual realized profit 

or loss” is meant the profit or loss based on the amount of “ bank investment” (unpaid balance of investment as adjusted only for normal 

amortization or depreciation). The charge for realized loss at abandonment of an asset is to be made to the profit and loss account or to the 

“ valuation adjustment provisions,” whichever is applicable.

To accomplish the above objective, all realized losses for which previous 

loss provision has been made either by establishment of valuation reserves or by direct write-down of assets (except on abandoned assets) 

are reported in a section entitled “ Reconcilement of valuation adjustment 

provisions.” Realized losses (at actual disposition) for which no previous 

loss provision has been made are reflected in the profit and loss section.

Heretofore, loss data on real estate mortgage loans reported to the 

Corporation have not been complete. When real estate was foreclosed 

it was transferred to an “ Other real estate” account. Losses were thus 

recorded as real estate losses which actually represented mortgage loan 

losses. Under the new form “ Other real estate” losses are shown separately and can be combined with “ Real estate mortgage loan” losses.

To eliminate excessive distortion of current operating income and 

expense a number of items are reported net. Thus, mortgage income is 

shown net of servicing fees and income on real estate other than bank 

building is shown after deduction of expenses. Similarly, the expense item 

“ Occupancy, maintenance, etc., of bank premises” is reported net; i.e., 

after deduction of income from expenses.

An “Employee fringe benefit” item has been provided to cover pension, hospitalization and group insurance payments, and other employee 

ber^fits. This item is considered significant inasmuch as such benefits 

are now being provided by a considerable number of banks.

“ Nonrecurring income” and “ Nonrecurring expense” are now shown 

separately instead of being included with current income and expense.

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Excess or lump-sum charge-offs of depreciation on fixed assets and of 

premium on securities and loans are considered as nonrecurring expense 

and do not affect valuation adjustment provisions. Where lump-sum 

charge-offs of security premiums have been made or securities are sold 

before maturity, adjustments to an amortized basis are required for 

report purposes in order to reflect actual profit or loss.

Number, deposits, and assets of all mutual savings banks.

Mutual savings banks, unlike most commercial banks, conduct a specialized type of business. Nearly all of their deposits are savings and time 

deposits, and their loans and investments are largely in long-term obligations. They are organized on the cooperative principle; depositors 

supply the funds and are the beneficiaries of their operations. Mutual 

savings banks comprise only 4 percent of all banks in the United States; 

but they hold 11 percent of total bank deposits and 35 percent of the 

nation’s savings and time deposits.

Chart O. P e r c e n t a g e o f T o t a l B a n k D e p o s it s H e l d b y M u t u a l S a v i n g s

B a n k s i n S t a t e s H a y i n g M u t u a l S a y i n g s B a n k s , D e c e m b e r 3 1 , 1 9 5 1

20 30

PERCENT

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MUTUAL SAYINGS BANKS 53

Mutual savings banks are heavily concentrated geographically. All 

but 17 of the banks are located in the New England and Middle Atlantic 

States. Within this area the savings banks do a sizeable portion of the 

total banking business. As shown in Chart O, a fourth to a half of all 

bank deposits in each of the New England States and New York State 

were in mutual savings banks. These banks in New England and New 

York State held three-fourths of the savings and time deposits of all 

banks in those States.

Deposits of all mutual savings banks totaled almost $21 billion at the 

end of 1951 and their surplus accounts were over $2 billion. Approximately 

equal amounts of almost $10 billion were invested in real estate loans 

and United States Government obligations, while holdings of other 

securities exceeded $2 billion. Assets and liabilities of all mutual savings 

banks in the United States from 1945 to 1951 are presented in Table 30.

T a b l e 3 0 . A s s e t s a n d L i a b i l i t i e s o f M u t u a l S a v i n g s B a n k s ,

U n i t e d S t a t e s a n d P o s s e s s i o n s , 1 9 4 5 -1 9 5 1

(Amounts in millions)

Asset, liability, or capital 

account item

Dec. 31, 

1951

Dec. 30, 

1950

Dec. 31, 

1949

Dec. 31, 

1948

Dec. 31, 

1947

Dec. 31, 

1946

Dec. 31, 

1945

Total assets.................................... $23,439 $22,385 $21,493 $20,474 $19,714 $18,704 $17,021

Cash and funds due from banks. 8 8 6 797 873 878 8 8 6 818 609

United States Government obligations .................................... 9,819 1 0 ,8 6 8 11,428 11,476 11,979 11,778 10,673

Obligations of States and subdivisions .................................... 147 8 8 8 6 71 65 61 89

Other securities............................ 2,432 2,253 2,308 2,162 1,653 1,339 1,166

Real estate and other loans—net. 9,862

293

8,137 6,578 5,686

2 0 1

4,944 4,527 4,281

Miscellaneous assets.................... 242 2 2 0 187 181 203

Total liabilities and surplus

accounts................................. $23,439 $22,385 $21,493 $20,474 $19,714 $18,704 $17,021

Total deposits.............................. 20,915 20,032 19,293 18,405 17,763 16,869 15,385

Miscellaneous liabilities.............. 117 106 78 69 62 51 43

Surplus accounts.......................... 2,407 2,247 2 ,1 2 2 1,999 1,889 1,784 1,593

Number of banks............................ 529 529 531 532 533 541i 5421

1 Includes 8 guaranty savings banks in New Hampshire. 

Detailed data for 1951: See Table 105, pp. 144-45.

During 1951 there was a noticeable change in type of investment. 

While deposits and surplus accounts together increased only 5 percent, 

loans advanced 21 percent, reflecting continued acquisition of real*estate 

mortgages. This was made possible in part by using proceeds from the 

maturity or sale of United States Government obligations, the banks’ 

holdings of which declined 10 percent during the year. The most pronounced change in 1951 was a 67 percent advance in holdings of obligations of States and their political subdivisions; even so, such holdings 

comprised less than 1 percent of total assets at the end of 1951.

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54 FEDERAL DEPOSIT INSURANCE CORPORATION

I n s u r e d M u t u a l S a y i n g s B a n k s

Number, deposits, and assets of insured mutual savings banks.

During 1951 the number of mutual savings banks insured by the Federal 

Deposit Insurance Corporation increased by 8 to a total of 202. Four 

of the newly insured banks were located in Maryland, and one each in 

Connecticut, Maine, Rhode Island, and Washington. These newly 

insured banks had deposits of $352 million, accounting for a third of the 

$1,048 million increase in deposits of insured mutual savings banks 

during the year. Deposits of all insured mutual savings banks totaled 

over $15 billion at the end of 1951, comprising 74 percent of deposits in 

all mutual savings banks.

The proportion of mutual savings banks insured by the Corporation 

varies widely among the States, as shown in Table 31. In eight of the 

seventeen States having mutual savings banks all of them are insured 

by the Corporation; in three States, on the contrary, none is insured 

by the Corporation. Accordingly, comparison of the characteristics of 

insured mutual savings banks with noninsured mutual savings banks 

reflects also geographic differences. This factor is particularly applicable 

to New York State, which has 79 percent of the deposits of insured 

mutual savings banks; and to Massachusetts, w^hich has 62 percent of the 

deposits of noninsured mutual savings banks.

Table 31. N u m b e r a n d D e p o s it s o f I n s u r e d a n d N o n i n s u r e d

M u t u a l S a v i n g s B a n k s , b y S t a t e , D e c e m b e r 31, 1951

Number of banks Deposits (in millions) 1

Percentage

of

banks

insured

Percentage 

of deposits 

held by 

insured 

banks

State

Total Insured Noninsured Total Insured

banks

Noninsured

banks

T otal............................... 529 2 0 2 327 $20,915 $15,368 $5,547 38% 74%

Maine..........................

New Hampshire.........

32

34

7 25

34

244

286

34 2 1 0

286

2 2 14

Vermont...................... 7 7 90 90 1 0 0 1 0 0

Massachusetts.......... 188 188 3,412

281

1,392

3,412

181

1,315

Rhode Island..............

Connecticut................

8

72

3

4

5

6 8

1 0 0

77

38

6

36

6

New York................... 130 130 12,194

663

12,194

663

1 0 0 1 0 0

New Jersey................. 23 23 1 0 0 1 0 0

Pennsylvania.............. 7 7 1,137

90

1,137 1 0 0 1 0 0

Delaware..................... 2 2 90

Maryland.................... 9 6 3 410 370 40 67 90

Ohio................... 3 3 252 252 1 0 0 1 0 0

Indiana......................

Wisconsin....................

Minnesota...............

4

4

3

3

1

1

1

45

15

175

32

15

175

13

0 )

75

75

1 0 0

71

98

1 0 0

Oregon................... 1 1 19 19 1 0 0 1 0 0

Washington................. 4 4 2 1 0 2 1 0 1 0 0 1 0 0

1 Less than $500,000.

Detailed data: See Table 103, pp. 138-39.

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INSURED MUTUAL SAVINGS BANKS 55

Information concerning the insurance or guaranty by Federal Government agencies of loans held by insured mutual savings banks, as in the 

case of insured commercial banks, is now given in the regular reports 

of assets and liabilities. At the end of 1951, 53 percent of the residential 

real estate loans held by these banks was insured or guaranteed by the 

Federal Housing Administration or the Veterans Administration. This 

represented an appreciable advance from the 39 percent so underwritten 

at the time of the special call of June 30, 1950.

Income of insured mutual savings banks. The income and expenses of insured mutual savings banks in 1951 are shown in Table 32. 

About four-fifths of total income was attributable to current operations 

and one-fifth to recoveries and other nonrecurrent items. Chart P illustrates the sources and disposition of total income. Because of changes 

in the way in which income was reported comparison with data of previous years cannot be made.

T a b l e 3 2 . S o u r c e s a n d D is p o s i t i o n o f T o t a l I n c o m e ,

I n s u r e d M u t u a l S a v i n g s B a n k s , 1951

Sources

Amount

. (in millions)

Disposition

Amount

(in

millions)

Total incom e........................................... $643 Total expenses, dividends, and retained profits................................. $643

Current operating income.................... 514

Real estate mortgaqe loans.................. 279 Current operating expenses............... 107

U. S. Government obligations . . . 171 Wages and salaries........................... 56

Other securities................................... 50 Other current expenses...................... 51

Other current income.......................... 1L State franchise or income taxes........ 6

Nonoperating income............................ 129 Dividends and interest on deposits:. . 282

Nonrecurring income.......................... 21 Nonoperating expenses....................... 125

Realized profits and recoveries1 .......... 12 Nonrecurring expenses..................... 25

Transfers from valuation adjustment Realized losses1................................. 26

provisions........................................ 96 Transfers to valuation adjustment

provisions...................................... 7U

Net addition to surplus...................... 123

1 Excludes recoveries credited and realized losses charged to valuation adjustment provisions. 

Detailed data: See Table 118, pp. 184.

The principal sources of current operating income in 1951 were real 

estate mortgage loans and United States Government obligations. 

Together, these two items provided almost nine-tenths of current 

operating income. Income from other securities provided about 10 percent of current operating income. The average rate of income on all 

securities was 2.5 percent, up slightly from the preceding year.

Approximately one-half of the current operating expenses of insured 

mutual savings banks in 1951 represented wage and salary payments. 

The average salary of bank officers was $10,519 while the average wage 

of other employees was $3,270. The substantial differences between 

the average wage and average salary paid by insured mutual savings 

banks and those paid by insured commercial banks are due in part to

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56 FEDERAL DEPOSIT INSURANCE CORPORATION

the concentration of insured mutual savings banks in New York, in part to 

differences in the average size of the banks, and in part to differences 

in the reports respecting part-time employees.

Chart P. S o u r c e s a n d D is p o s i t i o n o f T o t a l I n c o m e , I n s u r e d M u t u a l

S a v i n g s B a n k s , 195 1

Dividends paid depositors were 9 percent above the 1950 amount 

and represented the largest such payment in any year for which comparable data are available. These dividend payments, similar to interest 

paid by other banks, afforded an average dividend to depositors of 1.9 

percent on savings and time deposits. This is slightly more than the 

1950 rate and may be compared with 1.0 percent paid on savings and 

time deposits by the insured commercial banks.

Additions to surplus accounts, representing income in excess of expenses, provision for losses, and dividends to depositors, amounted to 

more than two-fifths of the dividends paid depositors. At the end of 

the year the average ratio of total surplus accounts to assets, for the 

insured mutual savings banks, was 9.8 percent, up slightly from 9.5 

percent at the close of the preceding year.

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PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

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Sp e c i a l C a l l s f o r D e p o s i t I n f o r m a t io n

The Federal Deposit Insurance Corporation from time to time calls 

for special reports from all insured banks to aid in estimating its contingent liability in insuring bank deposits. The latest call was as of 

September 19, 1951, and followed by one year the Act which increased 

individual coverage from $5,000 to $10,000. The last previous call was 

a year prior to the increase in coverage.

The reports for September 19, 1951, covered all deposit liabilities of 

insured banks.1 This total differs from total deposits as given in the 

statements of assets and liabilities, commonly called reports of condition, 

which are submitted to bank supervisory agencies for two or more dates 

each year. Outstanding bank drafts, reciprocal demand balances with 

other banks, and trust funds deposited in other banks, are included in 

the deposit liabilities insured by the Corporation, but are excluded from 

the definition of deposits in reports of condition. In addition, numerous 

other items, relatively small in amount, are included by the banks in 

their deposit liabilities in the reports pertaining to insurance coverage, 

but are excluded from deposits in reports of condition.2

On the special call for September 19, 1951, the banks were asked to 

report the difference between their total deposit liabilities, including the 

foregoing items, and total deposits as defined for reports of condition. 

On that date the former exceeded the latter by more than $2 billion, 

or 1.5 percent. The two figures, and the reasons for the difference between 

them, were reported as follows:

Total deposit liabilities on September 19, 1951.................................... $170,499 million

Total deposits (on same date) as defined for reports of condition. . 168,036 ”

Deposit liabilities not covered by definition for reports of condition. 2,463 ”

Outstanding bank drafts not included with deposits for reports

of condition...................................................................................... .. 1,285 ”

Reciprocal portion of demand bank deposits.................................... 669 ”

Trust funds held in cash in own trust department or deposited

in other banks.......................................................................................... 370 ”

Other deposits not included in reports of condition3...................... 139 ”

The contingent liability of the Corporation in insuring bank deposits 

is estimated from the information reported on the special call by adding 

together (a) the total amount of deposits in all accounts with balances

1 The form and instructions for this report are shown on pp. 113-16.

2 Total deposit liabilities, as reported for the special call, and total deposits as defined for reports 

of condition, both differ from deposits as reported by insured banks for computation of the deposit 

insurance assessment. For that computation, the banks may exclude from total deposit liabilities certain 

types of drafts and cash funds and may deduct reciprocal bank balances, trust funds redeposited in 

another bank, and cash items determined by one of two methods. See subsection (a), Section 7, Federal 

Deposit Insurance Act, 1950 (Annual Report of the Federal Deposit Insurance Corporation for 1950, 

p. 109).

3 Only a small proportion of insured banks reported deposits in this category, but those which did 

so listed a large variety of items. Among these were cash items drawn on other offices of the reporting 

bank, cashiers’ checks issued for Federal funds purchased, mortgagors’ escrow accounts, income taxes 

withheld from nonresident alien trust accounts, overdrafts of foreign banks and others, accounts payable, 

deferred credits and suspense items, and dealers’ reserve.

59

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60 FEDERAL DEPOSIT INSURANCE CORPORATION

of $10,000 or less and (b) $10,000 for each of the accounts in excess of 

that amount. The total thus obtained is referred to here and in the 

tables which follow as “ insured deposits/1 However, the amount computed in this way does not conform precisely with the amount of deposits 

insured by the Corporation when a bank is placed in receivership. In 

an insured bank closed on account of inability to meet the demands of 

its depositors, each depositor has insurance protection to a maximum of 

$10,000 upon his deposits maintained in the same right and capacity.1 

If a depositor has more than one account in one bank, for example a 

checking account and a savings account, or an account in each of two 

branches of a bank, the accounts are combined in determining what 

amount shall be paid to him by the Corporation. The total balances 

in all such accounts, after deducting the amount he owes the bank, 

if any, is paid up to a maximum of $10,000.

In the special reports for the purpose of estimating the Corporation’s 

contingent liability the banks have not been requested to combine 

deposit accounts in cases where there is more than one account standing 

to the credit of a depositor in the same right and capacity. Moreover, 

no deductions have been made for offsetting indebtedness. In consequence, the number of accounts exceeds the number of depositors, and 

the amount of insured deposits, as calculated from the information given 

in these reports, exceeds the contingent liability of the Corporation 

under the definitions and procedures applicable to banks placed in 

receivership. The difference between the number of accounts and the 

number of depositors may be considerable, for many owners of savings 

and time accounts may also have demand accounts and in some cases 

a person may have two accounts of the same type. However, the difference between the estimate of insured deposits computed without combining accounts, and the figure that would be obtained by combining 

accounts, is small.2

A c c o u n ts a n d D e p o s its , A l l In s u r e d B a n k s, S e p tem b er 19, 1951

On September 19, 1951, the 13,652 insured banks reported 112 million 

deposit accounts. Of these, 110 million, or 98.5 percent, had balances of 

$10,000 or less and were therefore considered to be fully protected by 

deposit insurance. Insured deposits, which include all the deposits in 

the fully protected accounts plus $10,000 for each of the remaining accounts, amounted to $93 billion, or 54.3 percent of total deposits.

In Table 33 the total number of accounts, the number of accounts 

fully protected, the total amount of deposits, and the amount of insured

1 See subsection (m), Section 3, Federal Deposit Insurance Act, 1950 (Annual Report of the Federal 

Deposit Insurance Corporation for 1950, p. 107).

2 On the survey date 95 percent of the demand accounts of individuals, partnerships, and corporations and 96 percent of the savings and time accounts, had balances of less than $5,000. Consequently, 

most persons with an account of each type or two accounts of the same type must have had less than 

$1 0 ,0 0 0 in the two accounts taken together.

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deposits are shown for all insured banks, with the banks grouped in four 

ways: by size of bank as measured by deposits, by population of the 

center in which the bank or its head office is located, by class of bank, 

and by the percentage of deposits insured. The table also gives the same 

information regarding number of accounts and amount of deposits for 

each of several types of account.

T a b l e 3 3 . N u m b e r o f A c c o u n t s a n d A m o u n t o f D e p o s its in 

I n s u r e d B a n k s, S e p te m b e r 19, 1 9 5 1

a l l in s u r e d b a n k s g r o u ped b y a m o u n t of d e p o s it s, po p u l a t io n of c e n t e r ,

CLASS, AND PROPORTION OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED BY TYPE

Number

of

banks

Number of accounts 

(in thousands)

Amount of deposits 

(in millions)

Category

Total Fully

protected1

Total Insured*

All insured banks...................................... 13,652 111,608 109,938 $170,499 $92,531

Banks with deposits of—•

$250,000 or less......................................... 49 17 17 9 9

$250,000 to $1,000,000............................. 2,300 2,136 2 ,1 2 0 1,584 1,418

$1,000,000 to $5,000,000......................... 7,463 20,094 19,871 18,234 14,882

$5,000,000 to $25,000,000........................ 3,035 29,467 29,096 30,570 21,709

$25,000,000 to $100,000,000.................... 564 18,761 18,483 26,033 15,585

$100,000,000 to $500,000,000.................. 2 0 1 21,209 20,856 40,847 20,431

$500,000,000 to $2,500,000,000............... 37 11,855 11,552 38,528 13,126

Over $2,500,000,000................................. 3 8,069 7,943 14,694 5,371

Banks in centers with population in 

1950 of—

Less than 250............................................. 530 523 517 583 430

250 to 1,000............................................... 3,333 4,629 4,580 4,226 3,635

1,000 to 5,000............................................ 4,781 13,631 13,471 12,978 10,473

5,000 to 25,000.......................................... 2,923 19,454 19,209 19,811 14,338

25,000 to 100,000...................................... 1,042 16,289 16,068 19,253 12,143

100,000 to 500,000.................................... 593 18,814 18,510 30,273 14,823

500,000 to 2,500,000................................. 269 23,374 22,980 38,883 18,578

2,500,000 and over................................... 181 14,894 14,603 44,492 18,111

Banks classified as—■

Mutual savings banks............................... 2 0 1 13,401 13,337 15,113 14,895

Commercial banks—total......................... 13,451 98,207 96,601 155,386 77,636

National, members F. R. System.......... U,9U0 53,312 52,387 89,967 U2,U0U

State, members F. R. System................. 1,905 22,536 22,103 U,155 19,187

Not members F. R. System.................... 6,606 22,359 22,111 21,261* 16M 5

Banks with percent of deposits in ­

sured of3—

1 0 0 percent................................................ 41 27 27 15 15

90 to 99 percent........................................ 3,273 19,566 19,461 19,732 19,207

80 to 89 percent........................................ 4,784 18,072 17,890 15,606 13,189

70 to 79 percent........................................ 3,113 19,462 19,221 19,200 14,398

60 to 69 percent........................................ 1,426 22,534 22,228 24,809 15,944

50 to 59 percent........................................ 526 11,183 10,987 16,666 9,205

40 to 49 percent........................................ 235 6,948 6,811 12,260 5,578

30 to 39 percent........................................ 143 6,965 6,773 18,914 6,727

20 to 29 percent........................................ 76 5,075 4,902 21,358 5,434

10 to 19 percent......................................... 31 1,661 1,542 17,526 2,542

0 to 9 percent............................................ 4 115 96 4,413 292

Type of account

Deposits of individuals, partnerships, 

and corporations:

Savings and time................................... 59,491

44,114

304

59,135

43,031

49,391

88,887

12,724

13,538

2,356

1,310

2,293

46,425

41,422

1,242

959

Demand..................................................

Government deposits................................ 229

Interbank deposits.................................... 124 41

Uninvested trust funds............................. 750 718 874

Outstanding bank drafts.......................... 828 807 537

Other deposits........................................... 5,997 5,977 1,072

1 Accounts of $10,000 or less.

2 Deposits in accounts of $10,000 or less, plus $10,000 for each account larger than $10,000.

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62 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 34 gives the percentages of the accounts which are fully protected and which are only partially protected by insurance, and the 

percentages of the deposits which are insured and which are not insured, 

for the same categories of banks and types of account.

The range in the percentage of accounts fully protected is slight, 

regardless of how the banks are grouped. Chart Q shows the percentages 

of accounts fully protected and of deposits insured in banks in various 

size groups. For banks in every size group, every size of center group, 

and every class, 97 percent or more of all accounts had balances of less 

than $10,000, and are therefore shown in the table as fully protected. 

Even in the banks which have so large a part of their deposits in very 

large accounts that less than one-tenth of their deposits are insured, 

84 percent of the accounts are fully protected.

C h a r t Q. P r o p o r t io n o f A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d ,

A l l I n s u r e d B a n k s , b y S iz e o f B a n k , S e p t e m b e r 19, 1951

| ACCOUNTS FULLY PROTECTED DEPOSITS INSURED

$500 TO $2,500 OVER $2,500

M ILLION M ILLIO N

SIZE OF B A N K (AMOUNT OF D E P O SIT S)

For accounts grouped by type, there is much more range in the percentage fully protected. Only one-third of interbank accounts and threefourths of government accounts are fully protected by deposit insurance, 

while 99 percent of savings and time accounts of individuals, partnerships, 

and corporations, and nearly as high a percentage of their demand 

accounts, are fully protected.

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Table 34. R a t i o s I n d i c a t i n g t h e S c o p e o f D e p o s i t I n s u r a n c e ,

S e p t e m b e r 19, 1951

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER,

CLASS, AND PROPORTION OF DEPOSITS INSURED,' AND ACCOUNTS GROUPED BY TYPE

Category

Accounts: Percent for 

each category—

Deposits: Percent for 

each category—

Fully

protected1

Partially

protected Insured2

Not

insured

All insured banks.......................................... 98.5% 1.5% 54.3% 45.7%

Banks with deposits of—

$250,000 or less............................................. 99.6 .4 95.0 5.0

$250,000 to $1,000,000................................. 99.3 .7 89.5 10.5

$1,000,000 to $5,000,000............................. 98.9 1 .1 81.6 18.4

$5,000,000 to $25,000,000........................... 98.7 1.3 71.0 29.0

$25,000,000 to $100,000,000........................ 98.5 1.5 59.9 40.1

$100,000,000 to $500,000,000...................... 98.3 1.7 50.0 50.0

$500,000,000 to $2,500,000,000................... 97.4 2 .6 34.1 65.9

Over $2,500,000,000..................................... 98.4 1 .6 36.6 63.4

Banks in centers with population in

1950 of—

Less than 250................................................. 98.9 1 .1 73.7 26.3

250 to 1,000................................................... 98.9 1 .1 8 6 .0 14.0

1,000 to 5,000................................................ 98.8 1 .2 80.7 19.3

5,000 to 25,000.............................................. 98.7 1.3 72.4 27.6

25,000 to 100,000.......................................... 98.6 1.4 63.1 36.9

100,000 to 500,000........................................ 98.4 1 .6 49.0 51.0

500,000 to 2,500,000..................................... 98.3 1.7 47.8 52.2

2,500,000 and over....................................... 98.0 2 .0 40.7 59.3

Banks classified as—

Mutual savings banks.................................. 99.5 .5 98.6 1.4

Commercial banks—total............................. 98.4 1 .6 50.0 50.0

National, members F. R. System.............. 98.3 1.7 k7.1 52.9

State, members F. R. System..................... 98.1 1.9 U3.5 56.5

Not members F. R. System........................ 98.9 1.1 75.5 2^.5

Banks with percent of deposits insured

of—

1 0 0 percent.................................................... 1 0 0 .0 1 0 0 .0

90 to 99 percent............................................ 99.5 .5 97.3 2.7

80 to 89 percent............................................ 99.0 1 .0 84.5 15.5

70 to 79 percent............................................ 98.8 1 .2 75.0 25.0

60 to 69 percent............................................ 98.6 1.4 64.3 35.7

50 to 59 percent............................................ 98.3 1.7 55.2 44.8

40 to 49 percent............................................ 98.0 2 .0 45.5 54.5

30 to 39 percent............................................ 97.2 2 .8 35.6 64.4

20 to 29 percent............................................ 96.6 3.4 25.4 74.6

10 to 19 percent............................................ 92.8 7.2 14.5 85.5

0 to 9 percent................................................ 83.6 16.4 6 .6 93.4

Type of deposit

Deposits of individuals, partnerships, and

corporations:

Savings and time....................................... 99.4 .6 94.0 6 .0

Demand..................................................... 97.5 2.5 46.6 53.4

Government deposits.................................... 75.2 24.8 9.8 90.2

Interbank deposits........................................ 33.3 66.7 7.1 92.9

Uninvested trust funds................................. 95.8 4.2 37.1 62.9

Outstanding bank drafts.............................. 97.6 2.4 41.0 59.0

Other deposits............................................... 99.7 .3 46.7 53.3

1 Accounts of $10,000 or less.

2 Deposits in accounts of $1 0 ,0 0 0 or less, plus $10,000 for each account larger than $10,000. 

Note: All percentages are computed from original data before rounding and may differ from computations based on the rounded figures given in Table 33.

There is far more range in the percentage of deposits insured than 

in the percentage of accounts fully protected. This results from the fact 

that the accounts with very large balances are concentrated in the large 

banks, and that such banks are located in the large cities. The percentage 

of deposits insured ranges from 95 percent in the banks with a quarter 

million dollars of deposits or less to only 35 percent in those with more

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64 FEDERAL DEPOSIT INSURANCE CORPORATION

than half a billion dollars of deposits; and from 86 percent in banks in 

places with a population of 250 to 1,000 to 41 percent in banks in the 

cities of more than two and a half million. These differences are illustrated 

in Chart R. By class of bank, the range in the percentage of deposits 

insured is also considerable, varying from less than half of the deposits 

in commercial banks which are members of the Federal Reserve System 

to three-fourths of the deposits in insured commercial banks which are 

not members of the Federal Reserve System and to 99 percent of deposits 

in insured mutual savings banks.

C h a r t R . P r o p o r t io n o f D e p o s it s I n s u r e d a n d o f A c c o u n t s F u l l y P r o t e c t e d ,

A l l I n s u r e d B a n k s G r o u p e d b y P e r c e n t a g e o f D e p o s it s

I n s u r e d , S e p t e m b e r 19, 19 5 1

20 3p 40 50 6 p 7p 8p 9 (0 l<j>0 wzmmr/A

DEPOSITS IN SU RED ACCOUNTS FULLY PROTECTED TOTAL BANKS 13,652

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By type of deposit account, the range in percentage of deposits insured 

is even larger than for the various groups of banks. Nearly half of the 

demand deposits of individuals, partnerships, and corporations, and 

94 percent of their savings and time deposits, are insured, whereas less 

than 10 percent of government and interbank deposits are insured. 

About two-fifths of other types of deposits are insured.

Table 35. R a tio s I n d ic a t in g D is t r ib u t io n of C o n t in g e n t L ia b il it y an d

C o n c e n tr a t io n o f R is k to th e F e d e r a l D e p o s it I n su r a n c e C o r po r a t io n

Se p t e m b e r 19, 1951

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER,

CLASS, AND PROPORTION OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED BY TYPE

Percentage distribution of—

Category- Number 

of insured 

banks

Insured

deposits

Total

deposits

Number

of

accounts

All insured banks.......................................... 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 %

Banks with deposits of—

$250,000 or less............................................. .4 .0 1 .0 1 .0 2

$250,000 to $1,000,000................................. 16.8 1.5 .9 1.9

$1,000,000 to $5,000,000............................. 54.7 16.1 10.7 18.0

$5,000,000 to $25,000,000............................ 2 2 .2 23.5 17.9 26.5

$25,000,000 to $100,000,000........................ 4.1 16.8 15.3 16.8

$100,000,000 to $500,000,000...................... 1.5 2 2 .1 24.0 19.0

$500,000,000 to $2,500,000,000................... .3 14.2 2 2 .6 1 0 .6

Over $2,500,000,000..................................... .0 2 5.8 8 .6 7.2

Banks in centers with population in 

1950 of—

Less than 250................................................ 3.9 .5 .3 .5

250 to 1,000................................................... 24.4 3.9 2.5 4.1

1,000 to 5,000................................................ 35.0 11.3 7.6 12.3

5,000 to 25,000.............................................. 21.4 15.5 1 1 .6 17.4

25,000 to 100,000.......................................... 7.6 13.1 11.3 14.6

100,000 to 500,000........................................ 4.4 16.0 17.8 16.9

500,000 to 2,500,000..................................... 2 .0 2 0 .1 2 2 .8 20.9

2,500,000 and over....................................... 1.3 19.6 26.1 13.3

Banks classified as—■

Mutual savings banks.................................. 1.5 16.1 8.9 1 2 .0

Commercial banks—total............................ 98.5 83.9 91.1 8 8 .0

National, members F. R. System.............. 36.2 1*5.8 52.7 1*7.8

State, members F. R. System..................... 13.9 20.7 25.9 20.2

Not members F. R. System........................ 17.U 12.5 20.0

Banks with percent of deposits insured 

of—

1 0 0 percent.................................................... .3 .0 2 .01 .0 2

90 to 99 percent............................................ 24.0 2 0 .8 1 1 .6 17.5

80 to 89 percent............................................ 35.0 14.2 9.1 16.2

70 to 79 percent............................................ 2 2 .8 15.6 11.3 17.4

60 to 69 percent............................................ 10.4 17.2 14.5 2 0 .2

50 to 59 percent............................................ 3.9 9.9 9.8 1 0 .0

40 to 49 percent............................................ 1.7 6 .0 7.2 6 .2

30 to 39 percent............................................ 1 .1 7.3 1 1 .1 6.3

20 to 29 percent............................................ .6 5.9 12.5 4.6

10 to 19 percent............................................ .2 2 .8 10.3 1.5

0 to 9 percent................................................ .03 .3 2 .6 .1

Type of deposit

Deposits of individuals, partnerships, and 

corporations:

Savings and time....................................... 50.2 29.0 53.3

Demand..................................................... 44.8 52.1 39.5

Government deposits.................................... 1.3 7.5 .3

Interbank deposits........................................ 1 .0 7.9 .1

Uninvested trust funds................................. .9 1.4 .7

Outstanding banks drafts............................. .6 .8 .7

Other deposits............................................... 1 .2 1.3 5.4

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In Table 35 four types of ratios are given which relate to the distribution of the contingent liability and concentration of the risk which is 

incurred by the Corporation in providing deposit insurance. These ratios 

show the percentages of the total number of insured banks, total insured 

deposits, total deposit liabilities of the insured banks, and total number 

of accounts, in the various groups of banks and accounts given in the 

preceding tables. The distributions of insured deposits among various 

groups of banks and by type of account are shown in Chart S.

Chart S. P e r c e n t a g e D is t r i b u t i o n s o f I n s u r e d D e p o s i t s , S e p t e m b e r 19, 1951,

b y Siz e o f B a n k , P o p u l a t i o n o f C e n t e r , C l a s s o f B a n k ,

a n d T y p e o f A c c o u n t

IN BANKS WITH DEPOSITS OF

$1 MILLION

$25 MILLION TO $500 MILLION Mil MON TO 4 9* Mil I lAM i 0R L E S S .

IN ACCOUNTS OF

INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS

SAVINGS AND TIME , DEMAND

Nearly 6 percent of total insured deposits are in the three largest 

insured banks. Slightly more than 42 percent of all insured deposits are 

in less than 2 percent of the banks, those with deposits of more than 

$100 million each. There is also a concentration of insured deposits in 

the large cities. One-fifth of all insured deposits are in the banks located 

in the two cities with more than two and a half million population.

There is also a concentration of insured deposits in banks which 

are not subject to regular examination by the Corporation. Two-thirds 

of the insured deposits are in banks which are members of the Federal 

Reserve System: these banks are not examined by the Corporation except 

in unusual circumstances.

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The risks of the Corporation are not always in direct proportion to 

the amount of insured deposits. Banks with a large proportion of their 

deposits uninsured generally hold large amounts of interbank deposits: a 

receivership of such a bank.will cause difficulties in other banks and 

thus is likely to result in more loss to the Corporation than failure of a 

smaller bank with the same amount of insured deposits. Consequently, 

the distribution of total deposits in insured banks has an important 

bearing on the potential liability and risk of the Corporation. Total 

deposits are more highly concentrated than insured deposits in the large 

banks, in banks in large cities, and in the banks w^hich are not regularly 

examined by the Corporation.

The distributions of total deposits and of insured deposits also differ 

when deposits are classified by type of account. One-half of the insured 

deposits are in the savings and time accounts of individuals, partnerships, 

and corporations, though only three-tenths of total deposits are of this 

type. More than half of all deposits are in the demand accounts of individuals, partnerships, and corporations, but somewhat less than half 

of the insured deposits. Government and interbank deposits, taken 

together, make up 15 percent of all deposits, but the insured portions 

of these accounts are only 2 percent of total insured deposits.

Distributions of the total number of deposit accounts among the 

various groups of banks indicate the relative number of depositors whose 

accounts are fully or partially protected. The accounts show less concentration in the large banks and the large cities than the total deposits 

or the insured deposits.

I m p a c t o f I n c r e a s e in I n s u r a n c e C o v e r a g e

In the special call in 1951 and in four previous calls (1938, 1941, 1945, 

and 1949) information regarding the number of accounts and the amount 

of deposits was obtained for four size-groups of accounts: accounts of 

$5,000 or less, $5,000 to $10,000, $10,000 to $25,000, and more than 

$25,000. In the calls prior to 1951 the purpose of obtaining information 

for accounts from $5,000 to $10,000 and for accounts from $10,000 to 

$25,000 was to provide a basis for estimating the effect of increasing 

deposit insurance coverage to $10,000 or to $25,000.

Information regarding accounts from $10,000 to $25,0C0 was collected 

in 1951 for the same reason as for the previous call dates. However, since 

insurance coverage had already been increased to $10,000, information 

for accounts under $5,000, and for accounts from $5,000 to $10,000, was 

obtained for the purpose of comparing the distribution of deposit accounts by size in 1951 with that for preceding dates. The call in 1951 

was made approximately one year after the increase in coverage to 

$10,000 and the call in 1949 approximately one year prior to the increase.

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In Table 36 a comparison is made of the number of accounts fully 

protected and the amount of insured deposits under coverages of $5,000 

and $10,000 for each depositor, as computed from the reports by the 

banks for September 19, 1951, and for four preceding special call dates. 

In Chart T the amount of insured deposits on each of the special call 

dates is shown, together with the estimated amount that would have 

been insured in 1951 with $5,000 coverage and the estimated amount 

that would have been insured with $10,000 coverage at the time of 

preceding call dates.

T a b l e 3 6 . F u l l y P r o t e c t e d A c c o u n t s a n d I n s u r e d D e p o s its U n d e r 

I n s u r a n c e C o v e r a g e o f $ 5 ,0 0 0 a n d $ 1 0 ,0 0 0 R e s p e c t iv e ly , A l l 

I n s u r e d B a n k s, S p e c ia l C a l l D a t e s , 1 9 3 8 t o 1 951

Item Sept. 19, 

1951

Sept. 30, 

1949

Oct. 10, 

1945

Sept. 24, 

1941

Sept. 21, 

1938

Accounts

Number (in thousands):

Total........................................................... 111,608 104,003 92,334 69,494 62,731

Fully protected with—

$5,000 coverage1.................................... 106,640 99,564 88,989 68,165 61,690

$1 0 ,0 0 0 coverage2.................................. 109,938 102,559 91,159 68,933 62,299

Percent fully protected with—•

$5,000 coverage..................................... 95.5% 95.7% 96.4% 98.1% 98.3%

$1 0 ,0 0 0 coverage................................... 98.5 98.6 98.7 99.2 99.3

Deposits

Amount (in millions):

Total.......................................................... $170,499 $152,667 $140,603 $69,566 $49,224

Insured with—

$5,000 coverage..................................... 78,811 74,533 65,859

75,169

27,639 22,610

$1 0 ,0 0 0 coverage................................... 92,531 86,109 31,718 25,792

Percent insured with—

$5,000 coverage..................................... 46.2% 48.8% 46.8% 39.7% 45.9%

$1 0 ,0 0 0 coverage................................... 54.3 56.4 53.5 45.6 52.4

Average change per year from preceding call3

Total number of accounts........................ 3.7% 3.2% 8 .2 % 3.6% 2.9%

Accounts fully protected with—

$5,000 coverage..................................... 3.6 3.0 7.6 3.5 2.9

$1 0 ,0 0 0 coverage................................... 3.6 3.1 8 .1 3.6 (4)

Total deposits............................................ 5.9 2 .2 25.5 13.8 2.9

Deposits insured with—

$5,000 coverage..................................... 2.9 3.3 34.6 7.4 4.6

$1 0 ,0 0 0 coverage................................... 3.6 3.7 34.3 7.7 (4)

1 This was the maximum insurance for each depositor prior to 1950.

2 This is the maximum insurance for each depositor in effect since September 21, 1950.

3 Computed by dividing the percentage change from one call to the next by the number of years 

between the call dates. Data for May 13, 1936, used in computing the 1936 to 1938 percentage change 

are as follows: total number of accounts, 58,785 thousand; accounts fully protected, 57,817 thousand; 

total deposits, $46,168 million; and insured deposits $20,456 million. On the first special call date, 

October 1, 1934, total deposits were $37,026 million, and insured deposits $16,455 million.

4 Not available;

The figures for accounts show that with either coverage limit there 

would have been an increase in the number of accounts fully protected 

from each call date to the next, but a decrease in all cases in the percentage of accounts fully protected. When the changes are adjusted for 

the number of years intervening between the successive special call

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dates, the changes from 1949 to 1951, as computed for either coverage 

limit, were similar to those during the preceding 4-year period, and to 

those during the 3-year period from 1938 to 1941.

The figures for deposits show that with either the $5,000 maximum 

or the $10,000 maximum insurance for each depositor the percentage of 

deposits insured would have decreased from 1938 to 1941, increased 

from 1941 to 1949, and decreased from 1949 to 1951. In 1951, with 

$10,000 coverage, 54.3 percent of deposits were insured, which compares 

with 56.4 percent that would have been insured in 1949 under this 

maximum.

Chart T . T o t a l a n d I n su r e d D e po s it s, Sp e c ia l C a l l D a t e s , 1934-1951, an d

I n su r e d A m o u n ts w it h C o v e r a g e a t $5,000 an d a t $10,000

BILLIONS OF DOLLARS

ISO----------------------------- -

B ILLIO N S OF DOLLARS

----------------------------------180

TOTAL DEPO SITS-*/

INSURED

__DEPOSITS _

WITH $10,000

COVERAGE ^

------- /

___INSURED__

DEPOSITS

WITH $5,000

COVERAGE

I T

INSURED^

DEPOSITS

o-j TMj r- i i i i i i i i i i i o

1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951

Table 37 shows how many additional bank accounts would be fully 

protected, and how large an amount of deposits would become insured, 

as of the survey date in 1951, by raising the insurance coverage from the 

present maximum to $25,000 for each depositor, or to all deposits, and 

compares the results with the difference between $5,000 and $10,000 

coverage. These effects are shown for all insured banks, and also for 

banks grouped by amount of deposits, population of center where located, 

and class, and for accounts grouped by type.

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70 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 37. C h a n g e i n A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d

b y R a i s i n g t h e C o v e r a g e t o $25,000 o r t o A l l D e p o s i t s ,

C o m p a r e d w i t h C h a n g e i n C o v e r a g e f r o m $5,000 t o $10,000

DATA FOR SEPTEMBER 19, 1951: ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS,

POPULATION OF CENTER, AND CLASS; AND ACCOUNTS GROUPED BY TYPE

Number of accounts 

(in thousands)

Amount of deposits 

(in millions)

CategoryPartially 

protected 

with 

$5,000 

coverage 

but fully 

protected 

with 

$1 0 ,0 0 0 

coverage1

Partially protected 

with $1 0 ,0 0 0 

coverage which 

would be fully 

protected with 

coverage of—

Not insured 

with 

$5,000 

coverage 

but insured 

with 

$1 0 ,0 0 0 

coverage

Not insured with 

$1 0 ,0 0 0 coverage 

which would be 

insured with 

coverage of—

$25,000 All

deposits $25,000 All

deposits

All insured banks................. 3,298 1,082 1,670 $13,720 $13,953 $77,968

Banks with deposits of—

$250,000 or less.................... (2) (2) (2) 1 (3) (3) $250,000 to $1,000,000 41 13 16 148 1 0 1 166

$1,000,000 to $5,000,000. . . 469 170 223 1,906 1,572 3,352

$5,000,000 to $25,000,000. . 703 259 370 3,013 2,874 8,861

$25,000,000 to $100,000,000 563 180 278 2,312 2,330 10,448

$100,000,000-$500,000,000.. 862 2 1 0 353 3,102 3,150 20,416

$500,000,000-$2,500,000,000 496 172 304 2,318 2,851 25,403

Over $2,500,000,000............ 164 78 126 920 1,075 9,322

Banks in centers with population in 1950 of—

Less than 250....................... 14 4 6 53 41 154

250 to 1,000......................... 115 39 49 441 319 591

1,000 to 5,000...................... 336 1 2 2 160 1,371 1,133 2,505

5,000 to 25,000..................... 461 174 245 1,989 1 ,8 6 6 5,472

25,000 to 100,000................. 397 146 2 2 1 1,763 1,827 7,110

100,000 to 500,000............... 490 184 304 2,337 2,682 15,450

500,000 to 2,500,000........... 636 252 394 3,044 3,309 20,305

2,500,000 and over.............. 849 161 291 2,722 2,776 26,381

Banks classified as—

Mutual savings banks......... 883 62 64 1,594 183 218

Commercial banks—total... 2,415 1 ,0 2 0 1,606 12,126 13,770 77,750

National, members F. R. S. 1,317 577 925 6,86k 8,0U0 U7,563

State, members F. R. S.. .. 59k 261 U33 3,179 3,906 2k,968

Not members F. R. S........ 50k 182 2A8 2,083 1,82k. 5,219

Type of accoun t....................

Deposits of individuals, partnerships, and corporations:

Savings and time............. 2,049 316 356 4,672 1,650 2,966

Demand............................ 1,149 676 1,083 7,669 9,632 47,465

Government deposits........... 29 29 75 443 879 11,482

Interbank deposits............... 11 19 83 444 1,091 12,579

Uninvested trust funds....... 25 19 32 2 1 1 301 1,482

Outstanding bank drafts.. . 14 11 2 0 130 204 773

Other deposits...................... 2 1 12 2 1 151 196 1 ,2 2 1

1 These are the accounts with balances from $5,000 to $10,000.

2 Less than 500 accounts.

8 Less than $500,000.

The reports for September 19, 1951, indicate that over three million 

additional accounts were brought under full protection by increasing 

the coverage from $5,000 to $10,000. An increase in coverage to $25,000 

would add over a million accounts, and full insurance coverage less than 

two million accounts, to those fully protected under the present coverage 

of $10,000 for each depositor.

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IMPACT OF INCREASE IN INSURANCE COVERAGE 71

The effect of raising the insurance coverage is more striking for the 

amount of insured deposits than for the number of accounts fully protected. With $10,000 coverage about $14 billion of deposits were insured 

which would have been uninsured with $5,000 coverage. Raising the 

coverage to $25,000 would increase the amount of insured deposits by 

another $14 billion, while coverage of all deposits would mean an increase 

in insured deposits of $78 billion over the amount insured with the 

$10,000 maximum.

The distribution by type of account of deposits which would become 

insured under coverage of $25,000 or coverage of all deposits differs 

considerably from the distribution of the deposits that were insured with 

$10,000 coverage but would not have been insured with $5,000 coverage. 

Of the $14 billion of deposits insured with the $10,000 coverage but not 

with $5,000 coverage, nearly $5 billion was in savings and time accounts, 

nearly $8 billion in demand accounts of individuals, partnerships and 

corporations, and $1 billion in other types of account. Of the $14 billion 

of deposits that would become insured if coverage were increased to 

$25,000, less than $2 billion would be in savings and time accounts and 

nearly $10 billion in demand accounts of individuals, partnerships, and 

corporations.

Chart U. A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w i t h M a x i m u m

C o v e r a g e f o r E a c h D e p o s it o r o f $5,000, $10,000, $25,000, a n d A l l

D e p o s i t s , A l l I n s u r e d B a n k s , S e p t e m b e r 19, 1951

A C C O U N T S F U LL Y P R O T E C T E D D E P O S IT S IN S U R E O

PERCENT

- m ........ . 100

TT'

FORMER PRESENT WITH WITH

COVERAGE COVERAGE COVERAGE COVERAGE

OF OF OF OF ALL

$5,000 $10,000 $25,000 DEPOSITS

COVERAGE

OF

$5,000

c o v e r a g e

OF

$10,000

c o v e r a g e c o v e r a g e

OF OF ALL

$25,000 D EPO SITS

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72 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 38 gives the amount and percentage of deposits which would 

be insured, with an insurance maximum of $25,000 or of all deposits, in 

comparison with those under the present maximum of $10,000. These 

data are shown for all insured banks and for the same groups of banks 

and accounts as in the preceding table. The percentages for all insured 

banks are shown in Chart U, and also similar percentages had the maximum coverage been $5,000.

T a b l e 3 8 . D e p o s its I n s u r e d w ith C o v e r a g e s f o r E a c h D e p o s it o r o f 

$ 1 0 ,0 0 0 , $ 2 5 ,0 0 0 , a n d A l l D e p o s its , S e p te m b e r 19, 19 5 1

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION

OF CENTER, AND CLASS,* AND ACCOUNTS GROUPED BY TYPE

Deposits (in millions) 

insured with coverage of—

Percent of deposits 

insured with coverage of— 1

Category

$1 0 ,0 0 0 $25,000 All

deposits $1 0 ,0 0 0 $25,000 All

deposits

All insured banks................. $92,531 $106,483 $170,499 54.3% 62.5% 1 0 0 .0 %

Banks with deposits of-—

$250,000 or less.................... 9 9 9 95.0 99.1 1 0 0 .0

$250,000 to $1,000,000 1,418 1,520 1,584 89.5 96.0 1 0 0 .0

$1,000,000 to $5,000,000. . . 14,882 16,453 18,234 81.6 90.2 1 0 0 .0

$5,000,000 to $25,000,000. . 21,709 24,583 30,570 71.0 80.4 1 0 0 .0

$25,000,000 to $100,000,000 15,585 17,915 26,033 59.9 6 8 .8 1 0 0 .0

$100,000,000-$500,000,000.. 20,431 23,580 40,847 50.0 57.7 1 0 0 .0

$500,000,000-$2,500,000,000 13,126 15,977 38,528 34.1 41.5 1 0 0 .0

Over $2,500,000,000............ 5,371 6,446 14,694 36.6 43.9 1 0 0 .0

Banks in centers with population in 1950 of—

Less than 250....................... 430 471 583 73.7 80.7 1 0 0 .0

250 to 1,000......................... 3,635 3,954 4,226 8 6 .0 93.6 1 0 0 .0

1,000 to 5,000...................... 10,473 11,605 12,978 80.7 89.4 1 0 0 .0

5,000 to 25,000.................... 14,338 16,205 19,811 72.4 81.8 1 0 0 .0

25,000 to 100,000................. 12,143 13,971 19,253 63.1 72.6 1 0 0 .0

100,000 to 500,000............... 14,823 17,504 30,273 49.0 57.8 1 0 0 .0

500,000 to 2,500,000........... 18,578 21,887 38,883 47.8 56.3 1 0 0 .0

2,500,000 and over.............. 18,111 2 0 ,8 8 6 44,492 40.7 46.9 1 0 0 .0

Banks classified as—

Mutual savings banks......... 14,895 15,077 15,113 98.6 99.8 1 0 0 .0

Commercial banks—total. . 77,636 91,406 155,386 50.0 58.8 1 0 0 .0

National, members F. R. S. 50,UU 89,967 U7.1 56.1 100.0

State, members F. R. S.. .. 19,187 23,093 U,155 US.5 52.3 100.0

Not members F. R. S........ 16,0^5 17,869 21,26U 75.5 8U.0 100.0

Type of account

Deposits of individuals, partnerships, and corporations:

Savings and time............. 46,425 48,075 49,391 94.0 97.3 1 0 0 .0

Demand............................ 41,422 51,054 88,887 46.6 57.4 1 0 0 .0

Government deposits........... 1,242 2 ,1 2 1 12,724 9.8 16.7 1 0 0 .0

Interbank deposits............... 959 2,050 13,538 7.1 15.1 1 0 0 .0

Uninvested trust funds....... 874 1,175 2,356 37.1 49.9 1 0 0 .0

Outstanding bank drafts. . . 537 741 1,310 41.0 56.6 1 0 0 .0

Other deposits...................... 1,072 1,267 2,293 46.8 55.3 1 0 0 .0

1 Percentages computed from original figures before rounding.

A change in coverage to $25,000 for each depositor would increase 

the proportion of all deposits insured from 54.3 to 62.5 percent. The 

effect of such an increase would be relatively greater in the larger banks 

than in the smaller banks, and in banks in large cities than in those in 

smaller places. It would be much more important in commercial banks

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IMPACT OF INCREASE IN INSURANCE COVERAGE 73

than in mutual savings banks, and far more important for deposits in 

demand accounts than for those in savings and time accounts. These 

differences in the impact of raising the insurance coverage would be 

even more striking with an increase in coverage to all deposits.

C h a n g in g D is t r ib u t io n s of I n s u r e d B a n k s a n d T h e ir A c c o u n t s

a n d D e p o s it s, 1934 t o 1951

The data reported by insured banks for the special calls provide 

information regarding the distribution of banks and of their accounts 

and deposits that is not elsewhere available. A comparison of these 

distributions at the special call dates since the beginning of deposit 

insurance reveals trends in the operations of the banking system which 

are not shown by information derived from any other source.

Since 1934 there has been a large shift in the distribution of all banks 

and of insured banks by size, as measured by the amount of their deposits. The extent of this shift, as recorded at the seven special call 

dates from 1934 to 1951, is shown in Table 39, particularly by the contrast 

between the distributions in 1934 and in 1951.

T a b l e 3 9 . N u m b e r a n d P e r c e n t a g e D i s t r i b u t i o n o f I n s u r e d B a n k s ,

S p e c i a l C a l l D a t e s , 1 9 3 4 t o 1951

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS AND CLASS

Category Sept. 19, 

1951

Sept. 30, 

1949

Oct. 10, 

1945

Sept. 24, 

1941

Sept. 21, 

1938

May 13, 

1936

Oct. 1, 

1934

All insured banks........... 13,652 13,631 13,481 13,487 13,754 14,148 14,128

Number with deposits 

of—

$250,000 or less.................. 49 77 89 1,838 3,163 3,954 5,109

$250,000 to $1,000,000___ 2,300 2,477 2,901 6,219 6,124 6,060 5,546

2,719$1,000,000 to $5,000,000. . 7,463 7,551 7,370 4,177

963

| 290

3,483 3,231

$5,000,000 to $25,000,000. 

$25,000,000-$100,000,000.. 

Over $100,000,000.............

3,035

564

241

2,812

501

213

2,476

450

195

758

226

694

209 | 754

Percentage distribution

—total 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 %

Banks with deposits of—

$250,000 or less.................. .4 .6 .7 13.6 23.0 28.0 36.2

$250,000 to $1,000,000.... 16.8 18.2 21.5 46.1 44.5 42.8 39.3

$1,000,000 to $5,000,000. . 54.7 55.4 54.7 31.0 25.3 2 2 .8 19.2

$5,000,000 to $25,000,000. 

$25,000,000-$100,000,000..

2 2 .2

4.1

2 0 .6

3.7

18.4

3.3

7.1 

} 2 .2

5.5

1.7

4.9

1.5 I 5.3

Over $100,000,000............. 1 .8 1.5 1.4 J

Number classified as—

Mutual savings banks. . . 2 0 1 191 192 53 49 56 6 8

Commercial banks—total 13,451 13,440 13,289 13,434 13,705 14,092 14,060

National, members F.R.

System..................... kf9k0 k,983 5,01k 5,125 5,239 5,367 5,k51

State, members F. R. S. 1,905 1,917 1,8J+6 1,U68 1,101 1,01k 970

Not members F. R. S ... 6,606 6,5U0 6,k29 6,8!>1 7,365 7,711 7,639

Percentage classified as- 1.5% 1.4% 1.4% .4% •4% .4% •5%

Mutual savings banks---- 98.5 98.6 98.6 99.6 99.6 99.6 99.5

Commercial banks—total 

National, members F.R.

System..................... 36.2 36.5 37.2 38.0 38.1 37.9 38.6

State, members F. R. S. 13.9 U.1 13.7 10.9 8.0 7.2 6.9

Not members F. R. S... U8.U 1>8.0 U7.7 50.7 53.5 5 k.5 5k.O

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74 FEDERAL DEPOSIT INSURANCE CORPORATION

In 1934 more than 75 percent of the banks had deposits of $1 million 

or less, and only 5 percent had deposits of more than $5 million. In 1951 

only 17 percent had deposits of $1 million or less and 28 percent had 

more than $5 million of deposits.

Chart V shows the total number of accounts, the number per 100 

population, and the average size of account for each of the special call 

dates from 1936 to 19511.

C h a r t V . T o t a l N u m b e r o f A c c o u n t s , A c c o u n t s P e r 1 0 0 P o p u la t io n , a n d 

A v e r a g e S ize o f A c c o u n t , A l l I n s u r e d B an ks,

S p e c ia l C a l l D a t e s , 1 9 3 6 -1 9 5 1

NUM BER OF ACCOUNTS

( IN M IL L IO N S )

,25 --------------------------------

N U M B ER OF ACCOUNTS

(IN M I L L I O N S )

----------------------------------125

I | I

)rm n-------1 " i i i ZT i------ 1------1------r

1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951

-100

-7 5

-5 0

-2 5

rO

ACCOUNTS PER

100 POPULATION

8 0 ----------

A C C O U N T S PER

100 POPULATION

------------------------ 60

AVERAGE SIZE

OF ACCOUNT

A V ER A G E S IZ E

OF ACCOUNT

1 In October 1934, insured banks reported the amount of their insured deposits, and the number of 

depositors. Accounts belonging to a single depositor in the same right and capacity were combined, so 

that the total number of accounts was not obtained.

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DISTRIBUTIONS OF BANKS AND THEIR ACCOUNTS 75

At the survey date in 1951, insured banks reported a total of 112 

million deposit accounts. This is an increase of 90 percent since May 1936, 

the earliest date for which a comparable figure is available. The figures 

for these dates, and for the intervening special call dates, are given in 

Table 40. This table also gives a classification of accounts by type, with 

the aggregate deposits in the accounts, the number of accounts per 100 

population, and the average size of account.

T a b l e 4 0 . N u m b er o f A c c o u n t s , A m o u n t o f D e p o s its , A c c o u n t s P e r 1 0 0

P o p u la t io n , a n d A v e r a g e S ize o f A c c o u n t , A l l I n s u r e d B a n k s, 

S p e c ia l C a l l D a t e s , 1 9 3 6 t o 1 95 1

BY TYPE OF ACCOUNT

Category Sept. 19, 

1951

Sept. 30, 

1949

Oct. 10, 

1945

Sept. 24, 

1941

Sept, 21, 

1938

May 13, 

1936

Number of accounts—total

(in thousands).................. 111,608 104,003 92,334 69,494 62,731 58,785

Accounts of individuals, partnerships, and corporations:

Savings and time............... 59,491 56,971 51,509 39,875 35,630 33,915

Demand.............................. 44,114 40,699 35,622 26,293 23,772 22,109

Government accounts........... 304 293 292 274 267 259

Interbank accounts................ 124 127 103 104 97 115

Other accounts1...................... 7,575 5,913 4,808 2,948 2,965 2,387

Percent of total accounts. . 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Accounts of individuals, partnerships, and corporations:

Savings and time............... 53.3 54.8 55.8 57.4 56.8 57.7

Demand.............................. 39.5 39.1 38.6 37.8 37.9 37.6

Government accounts........... .3 .3 .3 .4 .4 .4

Interbank accounts................ .1 .1 .1 .2 .2 .2

Other accounts1...................... 6 .8 5.7 5.2 4.2 4.7 4.1

Amount of deposits—total

(in millions)...................... $170,499 $152,667 $140,603 $69,566 $49,223 $46,168

Accounts of individuals, partnerships, and corporations:

Savings and time............... 49,391 46,941 38,263 16,555 14,611 13,536

Demand.............................. 88,887 77,790 71,887 34,199 21,973

3,956

19,738

Government deposits............. 12,724 11,743 13,163 4,999 4,526

Interbank deposits................. 13,538 11,339 12,999 11,056 6,798 6,316

Other deposits1....................... 5,959 4,854 4,291 2,757 1,885 2,052

Percent of total deposits. . 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Accounts of individuals, partnerships, and corporations:

Savings and time............... 29.0 30.7 27.2 23.8 29.7 29.3

Demand.............................. 52.1 51.0 51.1 49.1 44.7 42.8

Government deposits............ 7.5 7.7 9.4 7.2 8 .0 9.8

Interbank deposits................. 7.9 7.4 9.2 15.9 13.8 13.7

Other deposits1....................... 3.5 3.2 3.1 4.0 3.8 4.4

Number of accounts per 100

population—total......... 71 68 65 51 47 45

Accounts of individuals, partnerships, and corporations:

Savings and time............... 38 37 36 29 27 26

Demand.............................. 28 27 25 19 18 17

All other accounts................. 5 4 4 3 2 2

Average size—all accounts. $1,528 $1,468 $1,523 $1,001 $785 $785

Accounts of individuals, partnerships, and corporations:

Savings and time............... 830 824 743 415 410 339

Dem and............................. 2,015 1,911 2,016 1,301 924 892

Government deposits............ 41,855 40,078 45,078 18,245 14,816 17,475

Interbank deposits................. 109,177 89,283 126,204 106,308 70,082 54,922

Other deposits1....................... 787 821 892 935 636 860

1 Includes uninvested trust funds as recorded in trust departments of insured banks, outstanding 

bank drafts, certified and officers’ checks, cash letters of credit and travelers’ checks outstanding, and 

deposit accounts not elsewhere classified.

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76 FEDERAL DEPOSIT INSURANCE CORPORATION

The number of accounts in insured banks for each 100 of the population 

increased from 45 in 1936 to 71 in 1951. More than nine-tenths of all 

bank accounts are those of individuals, partnerships, and corporations; 

and most of the increase in number of accounts has been in those accounts, divided about equally between demand accounts and savings 

and time accounts. Each of these types of account has increased at the 

rate of about 1 per 100 population each year.

Taking all accounts together, the average size in 1951 was very nearly 

the same as in 1945, and almost twice that in 1936. The same is true of 

the demand accounts of individuals, partnerships, and corporations, 

which averaged less than a thousand dollars in 1934 and more than two 

thousand dollars in 1951 and in 1945. The average size of savings and 

time accounts has increased relatively more than that of the demand 

accounts, rising from somewhat over three hundred dollars in 1936 to 

more than eight hundred dollars in 1951.

The growth in the average size of bank accounts is reflected in a 

declining percentage of the insured banks with all deposits or a very 

high percentage of them insured, and in an increase in the number and 

percentage of banks with a comparatively low percentage of deposits 

insured. Table 41 shows the distribution of insured commercial banks 

according to the percentage of deposits insured on the special call dates.

T a b l e 4 1 . In s u r e d C o m m e r cia l B a n k s, S p e c ia l C a l l D a t e s , 1 9 3 6 t o 195 1

b a n k s g r o u p e d b y p e r c e n t a g e o f d e p o s its in s u r e d 1

Percent of 

deposits insured Sept. 19, 

1951

Sept. 30, 

1949

Oct. 10, 

1945

Sept. 24, 

1941

Sept. 21, 

1938

May 13, 

1936

All banks................................. 13,451 13,440 13,289 13,434 13,705 14,085

Number of banks with percent of deposits insured of—

1 0 0 percent........................... 41 9 11 228 456 580

90 to 99 percent................... 3,075 755 1,697 4,190 4,602 4,419

80 to 89 percent................... 4,781 3,568 4,729 4,420 4,508 4,362

70 to 79 percent................... 3,113 4,355 3,640 2,431 2,335 2,567

60 to 69 percent................... 1,426 2,773 1,796 1,129 995 1,194

50 to 59 percent................... 526 1 ,2 0 1 768 512 395 491

40 to 49 percent................... 235 398 300 2 1 1 187 2 2 1

30 to 39 percent................... 143 218 165 141 126 144

20 to 29 percent................... 76 103 1 1 0 108 59 67

Less than 20 percent........... 35 60 73 64 42 40

Percentage distribution—

total.................................. 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 % 1 0 0 .0 %

1 0 0 percent........................... .3 .1 .1 1.7 3.3 4.1

90 to 99 percent................... 22.9 5.6 1 2 .8 31.2 33.6 31.3

80 to 89 percent................... 35.5 26.6 35.6 32.9 32.9 31.0

70 to 79 percent................... 23.2 32.4 27.4 18.1 17.0 18.2

60 to 69 percent................... 1 0 .6 2 0 .6 13.5 8.4 7.3 8.5

50 to 59 percent................... 3.9 8.9 5.8 3.8 2.9 3.5

40 to 49 percent................... 1.7 3.0 2.3 1 .6 1.4 1 .6

30 to 39 percent................... 1 .1 1 .6 1 .2 1 .0 .9 1 .0

20 to 29 percent................... .6 .8 .8 .8 .4 .5

Less than 20 percent........... .2 .4 .5 .5 .3 .3

1 $10,000 coverage for each depositor in 1951; $5,000 for the other dates.

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DISTRIBUTIONS OF BANKS AND THEIR ACCOUNTS 77

Some change in the distribution of insured banks according to the 

percentage of deposits insured occurred between each of the special 

call dates, but the greatest change was from 1941 to 1945.

The change in insurance coverage in 1950 increased the percentage 

of banks with a high percentage of their deposits insured, and therefore 

tended to reverse the change which had occurred during the war period 

in the distribution of banks by percentage of deposits insured. However, 

this did not fully restore the prewar situation. In 1951 the percentage of 

banks with all deposits insured, and the percentage with more than 

90 percent of deposits insured, were smaller than in 1941 or in the early 

years of deposit insurance. In 1951, with insurance coverage of $10,000 

per depositor, only 23 percent of insured commercial banks had ninetenths or more of their deposits insured, as compared with 33 percent 

of such banks in 1941 under $5,000 coverage, and 35 percent in 1936. 

In 1951, with $10,000 coverage, only 59 percent of insured commercial 

banks had four-fifths or more of their deposits insured; whereas both 

in 1941 and in 1936, with $5,000 coverage, 66 percent of the insured 

banks had four-fifths or more of their deposits insured.

Deposits in the banking system have quadrupled since deposit insurance began on January 1, 1934. However, the total number of banks 

is smaller than at that time, and the number of insured banks on the 

special call date in 1951 was smaller than on the first such call in October 

1934. The number of deposit accounts is now approximately twice the 

number at the beginning of deposit insurance.

The largest portion of the increase in total deposits of all banks, and 

consequently the greater part of the change in the distribution of insured 

banks by size and in the average size of account, occurred between the 

special call dates in 1941 and 1945, reflecting the result of the warfinancing process. It was the consequent increase in prices throughout 

the economy which made necessary an increase in insurance coverage 

if the real protection given bank depositors by deposit insurance was to 

be maintained.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
D e t a il e d T a b l e s : D is t r ib u t io n of A cco u n ts a n d D e p o s it s, A l l I n s u r e d B a n k s

T a b l e 4 2 . A c c o u n t s F u l l y a n d P a r t i a l l y P r o t e c t e d a n d D e p o s it s I n s u r e d , S e p te m b e r 19, 1951

b a n k s g r o u p e d b y f e d e r a l d e p o s it in s u r a n c e c o r p o r a t io n d i s t r i c t a n d s t a t e

00

Number

of

Number of accounts Percent of 

accounts Deposits (in thousands) Percent of 

total deposits

FDIC District and State Insured

Uninsured 

in partially 

protected 

accounts

banks

Total Fully

protected1

Partially

protected2

Fully

protected

Partially

protected Total Total

insured

In fully 

protected 

accounts

In partially 

protected 

accounts

Insured Not

insured

United States and possessions. 13,652 111,608,248 109,938,178 1,670,070 98.5% 1.5% $170,498,846 $92,530,806 $75,830,106 $16,700,700 $77,968,040 54.3% 45.7%

United States........................... 13,638 111,372,243 109,704,513 1,667,730 98.5 1.5 170,252,268 92,404,410 75,727,110 16,677,300 77,847,858 54.3 45.7

Possessions................................ 14 236,005 233,665 2,340 99.0 1.0 246,578 126,396 102,996 23,400 120,182 51.3 48.7

FDIC District

District 1................................. 477 5,752,914 5,669,829 83,085 98.6 1.4 7,950,838 4,098,235 3,267,385 830,850 3,852,603 51.5 48.5

District 2 ................................. 1,127 24,992,226 24,643,782 348,444 98.6 1.4 49,737,924 25,280,806 21,796,366 3,484,440 24,457,118 50.8 49.2

District 3 ................................. 1,606 14,795,481 14,588,439 207,042 98.6 1.4 20,327,939 11,501,158 9,430,738 2,070,420 8,826,781 56.6 43.4

District 4 ................................. 1,031 

I 961

7,959,978 7,864,104

4,768,019

95,874 98.8 1 .2 9,049,575 5,131,618 4,172,878 958,740 3,917,957 56.7 43.3

District 5................................. 4,842,442 74,423 98.5 1.5 6,031,882 3,446,094 2,701,864

3,820,987

744,230 2,585,788 57.1 42.9

District 6 ................................. 1,450 6,437,711 6,341,277 96,434 98.5 1.5 9,025,698 4,785,327 964,340 4,240,371 53.0 47.0

District 7................................. 1,440 9,421,851 9,295,930 125,921 98.7 1.3 12,424,857 7,579,613 6,320,403 1,259,210 4,845,244 61.0 39.0

District 8 ................................. 1,484 8,239,166 8,076,637 162,529 98.0 2 .0 15,487,947 7,603,817 5,978,527 1,625,290 7,884,130 49.1 50.9

District 9 ................................. 1,087 3,377,195 3,327,754 49,441 98.5 1.5 4,582,680 3,018,739 2,524,329 494,410 1,563,941 65.9 34.1

District 10............................... 1,406 4,183,944 4,106,510 77,434 98.1 1.9 6,335,815 3,537,721 2,763,381 774,340 2,798,094 55.8 44.2

District 11............................... 1,094 6,354,836 6,235,112 119,724 98.1 1.9 9,958,659 4,904,908

11,642,770

3,707,668

9,345,580

1,197,240 5,053,751 49.3 50.7

District 12............................... 489 15,250,504 15,020,785 229,719 98.5 1.5 19,585,032 2,297,190 7,942,262 59.4 40.6

State

Alabama.................................. 226 1,235,899 1,220,126 15,773 98.7 1.3 1,318,011 768,852 611,122 157,730 549,159 58.3 41.7

Arizona.................................... 11 363,674 357,513 6,161 98.3 1.7 483,621 298,477 236,867 61,610 185,144 61.7 38.3

Arkansas.................................. 223 687,721 677,216 10,505 98.5 1.5 799,871 509,074 404,024 105,050 290,797 63.6 36.4

California................................ 192 11,553,879 11,381,231 172,648 98.5 1.5 14,517,236 8,448,535 6,722,055 1,726,480 6,068,701 58.2 41.8

Colorado.................................. 146 800,021 784,124 15,897 98.0 2 .0 1,303,018 718,604 559,634 158,970 584,414 55.1 44.9

Connecticut............................ 95 1,331,940 1,313,729 18,211 98.6 1.4 1,752,360 950,706 768,596 182,110 801,654 54.3 45.7

Delaware................................. 37 254,033 248,980 5,053 98.0 2 .0 499,954 2 1 1 ,6 6 6 161,136

447,074

50,530 288,288 42.3 57.7

District of Columbia.............. 19 709,677 697,414 12,263 98.3 1.7 1,218,058 569,704 122,630 648,354 46.8 53.2

Florida..................................... 2 0 1 1,329,205 1,301,477 27,728 97.9 2 .1 2,043,534 1,208,200 930,920 277,280 835,334 59.1 40.9

Georgia.................................... 336 1,513,584 1,492,800 20,784 98.6 1.4 1,870,518 951,968 744,128 207,840 918,550 50.9 49.1

Idaho....................................... 42 320,509 314,699 5,810 98.2 1 .8 437,882 303,803 245,703 58,100 134,079 69.4 30.6

Illinois...................................... 879 6,470,638 6,336,830 133,808 97.9 2 .1 13,161,920 6,024,371 4,686,291 1,338,080 7,137,549 45.8 54.2

Indiana.................................... 476 2,550,950

1,768,528

2,514,106 36,844 98.6 1.4 3,372,670 2,082,394 1,713,954 368,440 1,290,276 61.7 38.3

Iowa......................................... 605 1,739,807 28,721 98.4 1 .6 2,326,027 1,579,446 1,292,236 287,210 746,581 67.9 32.1

Kansas..................................... 466 1,151,776 1,131,454 20,322 98.2 1 .8 1,582,433 976,419 773,199 203,220 606,014 61.7 38.3

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky................................

Louisiana.................................

Maine......................................

Maryland................................

Massachusetts........................

Michigan.................................

Minnesota...............................

Mississippi...............................

Missouri..................................

Montana..................................

Nebraska.................................

Nevada....................................

New Hampshire.....................

New Jersey.............................

New Mexico............................

New York...............................

North Carolina.......................

North Dakota........................

Ohio.........................................

Oklahoma................................

Oregon.....................................

Pennsylvania..........................

Rhode Island..........................

South Carolina.......................

South Dakota.........................

Tennessee................................

Texas.......................................

Utah.........................................

Vermont..................................

Virginia....................................

Washington.............................

West Virginia.........................

Wisconsin................................

Wyoming.................................

360 1,320,708 1,303,469 17,239 98.7

165 1,346,957 1,326,536 20,421 98.5

61 602,867 597,246 5,621 99.1

164 1,873,594 1,852,314 21,280 98.9

174 2,383,834 2,338,310 45,524 98.1

416 4,359,175 4,302,591 56,584 98.7

663 2,238,156 2,209,264 28,892 98.7

198 763,754 753,616 10,138 98.7

575 2,794,454 2,748,028 46,426 98.3

1 1 0 372,692 364,671 8 ,0 2 1 97.8

367 855,632 837,267 18,365 97.9

8 124,309 121,585 2,724 97.8

58 245,744 242,630 3,114 98.7

339 5,396,614 5,339,127 57,487 98.9

51 277,568 272,925 4,643 98.3

743 19,161,543 18,877,143 284,400 98.5

224 1,519,519 1,499,295 20,224 98.7

145 353,485 347,828 5,657 98.4

652 5,939,994 5,856,900 83,094 98.6

374 1,194,238 1,175,634 18,604 98.4

69 1,038,644 1,021,308 17,336 98.3

954 8,855,487 8,731,539 123,948 98.6

14 720,740 713,156 7,584 98.9

134 634,304 625,064 9,240 98.5

169 412,862 405,991 6,871 98.3

292 1,634,828 1,612,564 22,264 98.6

867 4,366,637 4,278,138 88,499 98.0

54 453,445 447,873 5,572 98.8

75 467,789 464,758 3,031 99.4

313 2,173,885 2,151,653 22,232 99.0

118 1,703,749 1,678,956 24,793 98.5

177 1,048,999 1,038,364 10,635 99.0

548 2,511,726 2,479,233 32,493 98.7

53 182,277 178,031 4,246 97.7

1 Accounts with balances of $10,000 or less.

2 Accounts with balances of more than $10,000.

1.3 1,539,487 938,735 766,345 172,390 600,752 61.0 39.0

1.5 1,830,205 8 6 8 ,0 2 2 663,812 204,210 962,183 47.4 52.6

0.9 481,043 348,991 292,781 56,210 132,052 72.5 27.5

1 .1 2,056,399 1,250,657 1,037,857 212,800 805,742 60.8 39.2

1.9 4,351,544 1,869,880 1,414,640 455,240 2,481,664 43.0 57.0

1.3 5,861,113 3,386,727 2,820,887 565,840 2,474,386 57.8 42.2

1.3 3,045,911 1,876,830 1,587,910 288,920 1,169,081 61.6 38.4

1.3 799,819 517,074 415,694 101,380 282,745 64.6 35.4

1.7 4,642,536 2,233,413 1,769,153 464,260 2,409,123 48.1 51.9

2 .2 563,371 376,113 295,903 80,210 187,258 6 6 .8 33.2

2 .1 1,375,043 832,047 648,397 183,650 542,996 60.5 39.5

2 .2 196,017 121,225 93,985 27,240 74,792 61.8 38.2

1.3 240,371 159,074 127,934 31,140 81,297 6 6 .2 33.8

1 .1 5,598,157 4,011,681 3,436,811 574,870 1,586,476 71.7 28.3

1.7 362,022 214,105 167,675 46,430 147,917 59.1 40.9

1.5 43,473,447 20,977,774 18,133,774 2,844,000 22,495,673 48.3 51.7

1.3 1,946,661 978,952 776,712 202,240 967,709 50.3 49.7

1 .6 448,244 362,039 305,469 56,570 86,205 80.8 19.2

1.4 8,248,024 4,610,819 3,779,879 830,940 3,637,205 55.9 44.1

1 .6 1,804,949 833,755 647,715 186,040 971,194 46.2 53.8

1.7 1,469,745 972,021 798,661 173,360 497,724 6 6 .1 33.9

1.4 12,079,915 6,890,339 5,650,859 1,239,480 5,189,576 57.0 43.0

1 .1 769,175 459,043 383,203 75,840 310,132 59.7 40.3

1.5 741,980 435,205 342,805 92,400 306,775 58.7 41.3

1.7 525,154 403,757 335,047 68,710 121,397 76.9 23.1

1.4 2,043,804 1,104,105 881,465 222,640 939,699 54.0 46.0

2 .0 7,282,811 3,524,304 2,639,314 884,990 3,758,507 48.4 51.6

1 .2 610,587 325,401 269,681 55,720 285,186 53.3 46.7

0 .6 356,345 310,541 280,231 30,310 45,804 87.1 12.9

1 .0 2,108,915 1,279,860 1,057,540 222,320 829,055 60.7 39.3

1.5 2,273,353 1,425,074 1,177,144 247,930 848,279 62.7 37.3

1 .0 977,562 617,240 510,890 106,350 360,322 63.1 36.9

1.3 3,191,074 2,110,492 1,785,562 324,930 1,080,582 6 6 .1 33.9

2.3 270,372 176,896 134,436 42,460 93,476 65.4 34.6

•<F

OACCOUNTS AND DEPOSITS OF ALL INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b l e 4 3 . A c c o u n t s F u l l y a n d P a r t i a l l y P r o t e c t e d an d D e p o s its In s u r e d , A l l In s u r e d B a n k s, S e p te m b e r 19, 1951

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,

CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Number of accounts Percent of 

accounts Deposits (in thousands) Percent of 

total deposits

Classification

Number

of

banks

Insured Uninsured Not

Total insured Fully

protected1

Partially

protected2

Fully

protected

Partially

protected Total Total

insured

In fully 

protected 

accounts

In partially 

protected 

accounts

in partially 

protected 

accounts

Insured

All insured banks....................... 13,652 111,608,248 109,938,178 1,670,070 98.5% 1.5% $170,498,846 $92,530,806 $75,830,106 $16,700,700 $77,968,040 54.3% 45.7%

Banks with deposits of—

$250,000 or less..............................

$250,000 to $500,000.....................

$500,000 to $1,000,000..................

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 ..............

49 16,971 16,903 6 8 99.6 .4 9,006 8,554 7,874 680 452 95.0 5.0

465 293,780 292,171 1,609 99.5 .5 185,065 169,343 153,253 16,090 15,722 91.5 8.5

1,835 1,841,945 1,827,905 14,040 99.2 .8 1,399,391 1,248,882

3,999,204

1,108,482 140,400 150,509 89.2 1 0 .8

3,202 5,483,753 5,429,344 54,409 99.0 1 .0 4,687,629 3,455,114 544,090 688,425 85.3 14.7

$2,000,000 to $5,000,000.............. 4,261 14,610,397 14,441,388 169,009 98.8 1 .2 13,546,139 10,882,427 9,192,337 1,690,090 2,663,712 80.3 19.7

$5,000,000 to $10,000,000............ 1,894 13,461,064 13,297,137 163,927 98.8 1 .2 13,234,787 9,860,870 8,221,600 1,639,270 3,373,917 74.5 25.5

$10,000,000 to $25,000,000.......... 1,141 16,005,757 15,799,414 206,343 98.7 1.3 17,334,778 11,848,022 9,784,592 2,063,430 5,486,756 68.3 31.7

$25,000,000 to $50,000,000.......... 373 9,997,876 9,853,537 144,339 98.6 1.4 12,810,998 8,058,034 6,614,644 1,443,390 4,752,964 62.9 37.1

$50,000,000 to $100,000,000........

$100,000,000 to $250,000,000. . . .

191 8,762,921 8,629,697 133,224 98.5 1.5 13,221,779 7,527,189 6,194,949 1,332,240 5,694,590 56.9 43.1

147 12,363,272 12,163,684 199,588 98.4 1 .6 22,032,133 11,173,265 9,177,385 1,995,880 10,858,868 50.7 49.3

$250,000,000 to $500,000,000. . . . 54 8,845,892 8,691,935 153,957 98.3 1.7 18,814,545 9,257,906 7,718,336 1,539,570 9,556,639 49.2 50.8

$500,000,000 to $1,000,000,000.. . 2 2 5,394,742 5,280,322 114,420 97.9 2 .1 13,748,472 6,513,868 5,369,668 1,144.200 7,234,604 47.4 52.6

$1 ,0 0 0 ,0 0 0 ,0 0 0 to $2,500,000,000 15 6,460,607 6.271,315 189,292 97.1 2.9 24,780,346 6,611,703 4,718,783 1,892,920 18,168,643 26.7 73.3

Over $2,500,000,000...................... 3 8,069,271 7,943,426 125,845 98.4 1 .6 14,693,778 5,371,539 4,113,089 1,258,450 9,322,239 36.6 63.4

Banks in centers with population in 1950 of—

Less than 250 530 523,106 517,202 5,904 98.9 1 .1 583,312 429,696 370,656 59,040 153,616 73.7 26.3

250 to 500 1,235 1,428,048 1,413,791 14,257 99.0 1.0 1,271,709 1,112,694 970,124 142,570 159,015 87.5 12.5

500 to 1,000....................................

1,000 to 2,500.................................

2,500 to 5,000.................................

2,098 3,200,794 3,166,182 34,612 98.9 1 .1 2,954,217 2,521,988 2,175,868

4,764,357

346,120 432,229 85.4 14.6

3,009 7,195,167 7,113,577 81,590 98.9 1 .1 6,715,228 5,580,257

4,892,508

815,900 1,134,971 83.1 16.9

1,772 6,435,897 6,357,111 78,786 98.8 1 .2 6,262,464 4,104,648 787,860 1,369,956 78.1 21.9

5.000 to 10,000...............................

10.000 to 25,000.............................

25.000 to 50,000.............................

50.000 to 100,000 ..........................

100.000 to 250,000.........................

1,596 8,348,795 8,246,754 102,041 98.8 1 .2 8,214,017 6,193,016 5,172,606 1,020,410 2 ,0 2 1 ,0 0 1 75.4 24.6

1,327 11,104,780 10,962,313 142,467 98.7 1.3 11,596,804 8,145,586 6,720,916 1,424,670 3,451,218 70.2 29.8

632 8,530,837 8,418,262 112,575 98.7 1.3 9,584,559 6,398,807 5,273,057 1,125,750 3,185,752 6 6 .8 33.2

410 7,758,590 7,649,675 108,915 98.6 1.4 9,668,575 5,744,432 4,655,282 1,089,150 3,924,143 59.4 40.6

376 10,379,358 10,220,564 158,794 98.5 1.5 15,668,226 7,851,092 6,263,152 1,587,940 7,817,134 50.1 49.9

250.000 to 500,000.........................

500.000 to 1,000,000......................

1,000,000 to 2,500,000..................

2.500.000 and over........................

217 8,434,831 8,289,838 144,993 98.3 1.7 14,604,768 6,971,930 5,522,000 1,449,930 7,632,838 47.7 52.3

217 17,887,497 17,597,087 290,410 98.4 1 .6 28,552,755 13,631,831 10,727,731 2,904,100 14,920,924 47.7 52.3

52 5,486,865 5,383,292 103,573 98.1 1.9 10,330,636 4,946,108 3,910,378

15,199,331

1,035,730 5,384,528 47.9 52.1

181 14,893,683 14,602,530 291,153 98.0 2 .0 44,491,576 18,110,861 2,911,530 26,380,715 40.7 59.3

Banks in cities with -population

of 500,000 or more..............

New York

U50 38,268,01*5 37,582,909 685,136 98.2 1.8 83,37U,968 36,688,797 29,837,^37 6,851,360 U6,686,171

20,506,392

UU-0 56.0

1 1 1 11,934,739 11,722,492 212,247 98.2 1.8 35,526,231 15,019,839 12,897,369 2,122,470 42.3 57.7

Chicago...................................

Philadelphia............................

Los Angeles.............................

Detroit

70 2,958,944 2,880,038 78,906 97.3 2.7 8,965,345 3,091,020 2,301,960 789,060 5,874,325 34.5 65.5

34 2,260,300 2,217,072 43,228 98.1 1.9 4,218,241

3,089,554

2,017,500 1,585,220 432,280 2,200,741 47.8 52.2

1 0 1,743,034 1,708,215 34,819 98.0 2 .0 1,576,705 1,228,515 348,190 1,512,849 51.0 49.0

8 1,483,531 1,458,005 25,526 98.3 1.7 3,022,842 1,351,903 1,096,643 255,260 1,670,939 44.7 55.3

Baltimore................................ 18 1,034,964 1,021,552 13,412 98.7 1.3 1,356,421 732,956 598,836 134,120 623,465 54.0 46.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Cleveland................................

St. Louis.................................

Washington, D. C..................

Boston.....................................

San Francisco.........................

Pittsburgh...............................

Milwaukee..............................

Houston...................................

Buffalo.....................................

New Orleans...........................

Minneapolis............................

Cincinnati...............................

Class and type of bank

National, members F. R. System. 

State, members F. R. System... . 

Commercial, not members F. R.

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

Mutual savings banks...................

Banks with percent of deposits insured of—

1 0 0 percent.....................................

90 to 99 percent.............................

80 to 89 percent.............................

70 to 79 percent.............................

60 to 69 percent.............................

50 to 59 percent.............................

40 to 49 percent.............................

30 to 39 percent.............................

20 to 29 percent.............................

10 to 19 percent.............................

0 to 9 percent.................................

Type of account

Individual, partnership, and corporation accounts:

Demand......................................

Savings and time.......................

Interbank accounts........................

Government accounts...................

Uninvested trust funds.................

Drafts..............................................

Other items.....................................

1,477,335 1,453,064 24,271 98.4

979,089 960,778 18,311 98.1

709,677 697,414 12,263 98.3

547,009 524,961 22,048 96.0

8,407,219 8,294,490 112,729 98.7

1,003,385 979,872 23,513 97.7

505,428 495,310 10,118 98.0

460,310 447,926 12,384 97.3

1,129,990 1,116,615 13,375 98.8

535,712 528,071 7,641 98.6

614,639 604,526 10,113 98.4

482,740 472,508 10,232 97.9

53,311,665 52,387,154 924,511 98.3

22,536,058 22,103,158 432,900 98.1

22,359,606 22,110,727 248,879 98.9

13,400,919 13,337,139 63,780 99.5

27,522 27,522 1 0 0 .0

19,566,296 19,460,855 105,441 99.5

18,072,366 17,890,265 182,101 99.0

19,462,480 19,220,642 241,838 98.8

22,533,741 22,227,644 306,097 98.6

11,182,987 10,987,367 195,620 98.3

6,947,811 6,811,270 136,541 98.0

6,964,773 6,773,136 191,637 97.2

5,074,659 4,902,058 172,601 96.6

1,660,598 1,541,248 119,350 92.8

115,015 96,171 18,844 83.6

44,114,286 43,030,884 1,083,402 97.5

59,490,907 59,135,168 355,739 99.4

124,344 41,415 82,929 33.3

304,343 228,878 75,465 75.2

749,678 717,965 31,713 95.8

827,377 807,247 20,130 97.6

5,997,313 5,976,621 20,692 99.7

11

31

19

10

12

25

19

26

10

6

19

11

4,940

1,905

6,606

201

41

3,273

4,784

3,113

1,426

526

235

143

76

31

4

1 Accounts with balances of $1 0 ,0 0 0 or less.

2 Accounts with balances of more than $1 0 ,0 0 0 .

1 .6 2,613,199 1,287,205 1,044,495 242,710 1,325,994 49.3 50.7

1.9 1,904,050 786,337 603,227 183,110 1,117,713 41.3 58.7

1.7 1,218,058 569,704 447,074 122,630 648,354 46.8 53.2

4.0 2,400,489 635,036 414,556 220,480 1,765,453 26.5 73.5

1.3 9,620,244 5,560,548 4,433,258 1,127,290 4,059,696 57.8 42.2

2.3 2,678,383 973,590 738,460 235,130 1,704,793 36.3 63.7

2 .0 1,083,309 468,991 367,811 101,180 614,318 43.3 56.7

2.7 1,330,482 418,342 294,502 123,840 912,140 31.4 6 8 .6

1 .2 1,468,751 1,005,009 871,259 133,750 463,742 68.4 31.6

1.4 793,839 274,350 197,940 76,410 519,489 34.6 65.4

1 .6 1,098,466 523,189 422,059 101,130 575,277 47.6 52.4

2 .1 987,064 396,573 294,253 102,320 590,491 40.2 59.8

1.7 89,966,840 42,403,977 33,158,867 9,245,110 47,562,863 47.1 52.9

1.9 44,155,388 19,186,920 14,857,920 4,329,000 24,968,468 43.5 56.5

1 .1 21,263,976 16,045,107 13,556,317 2,488,790 5,218,869 75.5 24.5

.5 15,112,642 14,894,802 14,257,002 637,800 217,840 98.6 1.4

14,568 14,568 14,568 1 0 0 .0

.5 19,732,503 19,207,277 18,152,867 1,054,410 525,226 97.3 2.7

1 .0 15,605,602 13,188,956 11,367,946 1,821,010 2,416,646 84.5 15.5

1 .2 19,200,320 14,398,374 11,979,994 2,418,380 4,801,946 75.0 25.0

1.4 24,809,067 15,944,009 12,883,039 3,060,970 8,865,058 64.3 35.7

1.7 16,665,592 9,205,030 7,248,830 1,956,200 7,460,562 55.2 44.8

2 .0 12,259,691 5,577,830 4,212,420 1,365,410 6,681,861 45.5 54.5

2 .8 18,913,962 6,726,695 4,810,325 1,916,370 12,187,267 35.6 64.4

3.4 21,358,219 5,433,655 3,707,645 1,726,010 15,924,564 25.4 74.6

7.2 17,525,934 2,542,010 1,348,510 1,193,500 14,983,924 14.5 85.5

16.4 4,413,388 292,402 103,962 188,440 4,120,986 6 .6 93.4

2.5 88,886,801 41,421,741 30,587,721 10,834,020 47,465,060 46.6 53.4

.6 49,391,086 46,425,335 42,867,945 3,557,390 2,965,751 94.0 6 .0

66.7 13,537,874 958,760 129,470 829,290 12,579,114 7.1 92.9

24.8 12,723,608 1,241,898 487,248 754,650 11,481,710 9.8 90.2

4.2 2,356,129 874,193 557,063 317,130 1,481,936 37.1 62.9

2.4 1,309,906 537,057 335,757 201,300 772,849 41.0 59.0

.3 2,293,442 1,071,822 864,902 206,920 1,221,620 46.7 53.3

ACCOUNTS AND DEPOSITS OF ALL INSURED

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
D e t a il e d T a b l e s : D is t r ib u t io n o f A c co u n ts of I n s u r e d C o m m e r c ia l B a n k s A c c o r d in g to Siz e o f A c c o u n t

T a b l e 4 4 . D is t r ib u t i o n o f A c c o u n t s A c c o r d in g t o S ize, I n s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 19 5 1

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Number of accounts Percent of total accounts

FDIC District and State Number 

of banks

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States and possessions.............. 13,451 98,207,329 94,185,513 2,415,526 1,020,258 586,032 95.9% 2.5% 1 .0 % •6 %

United States......................................... 13,437 97,971,324 93,955,157 2,412,217 1,018,746 585,204 95.9 2.5 1 .0 .6

Possessions............................................. 14 236,005 230,356 3,309 1,512 828 97.6 1.4 .6 .4

FDIC District

District 1 ............................................... 457 5,408,867 5,216,235 111,312 48,820 32,500 96.4 2 .1 .9 .6

974 14,479,356 13,795,269 374,903 174,387 134,797 95.3 2 .6 1 .2 .9

District 3 ............................................... 1,596 13,231,791 12,723,933 317,308 122,127 68,423 96.2 2.4 .9 .5

District 4 ............................................... 1,025 7,476,620 7,249,470

4,663,613

134,809 57,990 34,351 97.0 1 .8 .8 .4

District 5............................................... 961 4,842,442 104,406 48,205 26,218 96.3 2 .2 1 .0 .5

District 6 ............................................... 1,450 6,437,711

9,364,666

6,199,766 141,511

243,061

60,124 36,310 96.3 2 .2 .9 .6

1,434 8,995,978 84,547 41,080 96.1 2 .6 .9 .4

District 8 ............................................... 1,484 8,239,166 7,819,717 256,920 106,335 56,194 94.9 3.1 1.3 .7

District 9 .............................................. 1,086 3,188,303 3,049,787 89,887 33,141 15,488

26,219

95.7 2 .8 1 .0 .5

1,406 4,183,944 3,998,602 107,908 51,215 95.6 2 .6 1 .2 .6

District 11............................................. 1,094 6,354,836 6,090,118

14,383,025

144,994 74,377 45,347 95.8 2.3 1 .2 .7

District 12.................................. . . . . 484 14,999,627 388,507 158,990 69,105 95.9 2 .6 1 .1 .4

State

Alabama................................................ 226 1,235,899 1,197,625 22,501 10,308 5,465 96.9 1 .8 .8 .5

11 363,674 348,001 9,512 4,287 1,874 95.7 2 .6 1 .2 .5

Arkansas............................................... 223 687,721 662,347 14,869 6,832

121,521

3,673 96.3 2 .2 1 .0 .5

California 1............................................ 192 11,553,879 11,088,190 293,041 51,127 96.0 2.5 1 .0 .5

Colorado............................................... 146 800,021 761,548 22,576 10,562 5,335 95.2 2 .8 1.3 .7

Connecticut.......................................... 92 1,286,377 1,242,531 26,077 11,166 6,603 96.6 2 .0 .9 .5

Delaware............................................... 37 254,033 243,084 5,896

15,086

3,168 1,885 95.7 2.3 1.3 .7

District of Columbia........................... 19 709,677 682,328 7,415 4,848 96.2 2 .1 1 .0 .7

Florida................................................... 2 0 1 1,329,205 1,261,221 40,256 18,713 9,015 94.9 3.0 1.4 .7

Georgia.................................................. 336 1,513,584 1,466,059 26,741 12,436 8,348 96.9 1 .8 .8 .5

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho.................

Illinois................

Indiana..............

Iowa...................

Kansas..........

Kentucky..........

Louisiana...........

Maine................

Maryland..........

Massachusetts. .

Michigan............

Minnesota.........

Mississippi.........

Missouri.............

Montana............

Nebraska...........

Nevada..............

New Hampshire.

New Jersey........

New Mexico. . . .

New York..........

North Carolina.. 

North Dakota. . ,

Ohio....................

Oklahoma..........

Oregon................

Pennsylvania. . . 

Rhode Island. . . 

South Carolina.. 

South Dakota...

Tennessee..........

Texas..................

Utah...................

Vermont............

Virginia..............

Washington.......

West Virginia.. .

Wisconsin..........

Wyoming...........

42 320,509 304,468

879 6,470,638 6,130,608

473 2,522,546 2,421,846

605 1,768,528 1,689,109

466 1,151,776 1,102,149

360 1,320,708 1,275,908

165 1,346,957 1,301,431

54 554,834 540,292

158 1,390,236 1,345,865

174 2,383,834 2,286,490

416 4,359,175 4,191,149

662 2,049,264 1,969,735

198 763,754 738,708

575 2,794,454 2,681,522

1 1 0 372,692 351,953

367 855,632 810,415 8 124,309 117,030

58 245,744 237,947

316 4,611,899 4,448,087

51 277,568 266,631

613 9,433,388 8,927,502

224 1,519,519 1,473,281

145 353,485 335,483

649 5,661,221 5,441,935

374 1,194,238 1,152,290

6 8 1,027,255 978,658

947 7,570,570 7,281,998

11 577,657 558,661

134 634,304 612,702

169 412,862 392,616

292 1,634,828 1,579,989

867 4,366,637 4,174,055

54 453,445 437,800

6 8 360,421 350,314

313 2,173,885 2,114,351

114 1,464,261 1,403,119

177 1,048,999 1,020,943

545 2,482,945 2,382,983

53 182,277 172,200

10,231 4,212 1,598 95.0 3.2 1.3 .5

206,222 85,657 48,151 94.7 3.2 1.3 .8

64,054 24,634 1 2 ,0 1 2 96.0 2.5 1 .0 .5

50,698 20,678 8,043 95.5 2.9 1 .2 .4

29,305 13,635 6,687 95.7 2.5 1 .2 .6

27,561 11,388 5,851 96.6 2 .1 .9 .4

25,105 12,373 8,048 96.6 1.9 .9 .6

9,211 3,663 1 ,6 6 8 97.4 1.7 .6 .3

26,624 11,184 6,563 96.8 1.9 .8 .5

51,820 25,711 19,813 95.9 2 .2 1 .1 .8

111,442 37,591 18,993 96.1 2 .6 .9 .4

51,449 17,895 10,185 96.1 2.5 .9 .5

14,908 6,748 3,390 96.7 2 .0 .9 .4

66,506 28,061 18,365 96.0 2.4 1 .0 .6

12,718 5,756 2,265 94.4 3.4 1 .6 .6

26,852 12,492 5,873 94.7 3.1 1.5 .7

4,555 1,895 829 94.1 3.7 1.5 .7

4,683 2,068 1,046 96.8 1.9 .9 .4

111,947 35,693 16,172 96.4 2.4 .8 .4

6,294 3,164 1,479 96.1 2.3 1 .1 .5

255,124 134,568 116,194 94.7 2.7 1.4 1 .2

26,014 11,961 8,263 97.0 1.7 .8 .5

12,345 4,370 1,287 94.9 3.5 1.3 .3

139,000 51,305 28,981 96.1 2.5 .9 .5

23,344 11,633 6,971 96.5 1.9 1 .0 .6

31,345 11,725 5,527 95.3 3.1 1 .1 .5

178,308 70,822 39,442 96.2 2.4 .9 .5

11,984 4,329 2,683 96.7 2 .1 .7 .5

12,362 5,937 3,303 96.6 2 .0 .9 .5

13,375 5,120 1,751 95.1 3.2 1.3 .4

32,575 13,843 8,421 96.6 2 .0 .9 .5

104,083 54,553 33,946 95.6 2.4 1 .2 .8

10,073 3,580 1,992 96.6 2 .2 .8 .4

7,537 1,883 687 97.2 2 .1 .5 .2

37,302 14,593 7,639 97.3 1.7 .7 .3

37,889 15,503 7,750 95.8 2 .6 1 .1 .5

17,421 6,900 3,735 97.3 1.7 .7 .3

67,565 22,322 10,075 96.0 2.7 .9 .4

5,831 2,893 1,353 94.5 3.2 1 .6 .7

ACCOUNTS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b l e 4 5 . D i s t r ib u t i o n o f A c c o u n t s A c c o r d in g t o S ize, I n s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 1 9 5 1

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,

CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Number of accounts Percent of total accounts

Classification Number 

of banks

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

All insured com m ercial banks............. 13,451 98,207,329 94,185,513 2,415,526 1,020,258 586,032 95.9% 2.5% 1 .0 % •6 %

Banks with deposits of—

$250,000 or less.................................... 49 16,971 16,706 197 60 8 98.4 1 .2 .4 C1)

$250,000 to $500,000........................... 465 293,780 287,732 4,439 1,304 305 97.9 1.5 .5 .1

$500,000 to $1,000,000........................ 1,834

3,199

1,841,496 1,791,344 36,116 11,305 2,731 97.3 2 .0 .6 .1

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................... 5,477,786 5,300,860 122,549 42,741 11,636 96.8 2 .2 .8 .2

$2,000,000 to $5,000,000.................... 4,241 14,526,173 14,014,934 342,652 126,810 41,777 96.5 2.4 .9 .2

$5,000,000 to $10,000,000.................. 1 ,8 6 6 13,216,259 12,749,683 303,698 116,470 46,408 96.5 2.3 .9 .3

$10,000,000 to $25,000,000................ 1,095 15,192,721 14,644,300 345,957 137,731 64,733 96.4 2.3 .9 .4

$25,000,000 to $50,000,000................ 341 8,775,958 8,421,986

6,448,621

215,768 89,991 48,213 96.0 2.5 1 .0 .5

$50,000,000 to $100,000,000.............. 162 6,736,688 164,919 74,319 48,829 95.7 2.5 1 .1 .7

$100,000,000 to $250,000,000............ 1 2 0 8,072,674 7,680,917 212,123 101,764 77,870 95.1 2 .6 1.3 1 .0

$250,000,000 to $500,000,000............ 43 6,090,177 5,773,576 171,473 79,957 65,171 94.8 2 .8 1.3 1 .1

$500,000,000 to $1,000,000,000......... 18 3,436,768 3,212,314 123,434 58,025 42,995 93.5 3.6 1.7 1 .2

$1,000,000,000 to $2,500,000,000. . . . 15 6,460,607

8,069,271

6,063,021 208,294 101,311 87,981 93.8 3.2 1 .6 1.4

Over $2,500,000,000............................ 3 7,779,519 163,907 78,470 47,375 96.4 2 .0 1 .0 .6

Banks in centers with population 

in 1950 of—

Less than 250....................................... 530 523,106 503,373 13,829 4,443 1,461 96.2 2.7 .8 .3

250 to 500............................................. 1,235 1,428,048 1,378,483 35,308 11,564 2,693 96.5 2.5 .8 .2

500 to 1,000.......................................... 2,096 3,192,941 3,078,599 79,761 27,590 6,991 96.4 2.5 .9 .2

1,000 to 2,500....................................... 2,999 7,132,164 6,878,317 172,756 62,835 18,256 96.4 2.4 .9 .3

2,500 to 5,000....................................... 1,763 6,376,121 6,144,844 152,762 58,007 20,508 96.4 2.4 .9 .3

5,000 to 10,000..................................... 1,584 8,230,528 7,935,988 193,011 73,582 27,947 96.4 2.4 .9 .3

10,000 to 25,000................................... 1,301 10,770,334 10,384,366 245,483 97,849 42,636 96.4 2.3 .9 .4

25,000 to 50,000................................... 603 7,920,813 7,629,114 182,862 73,036 35,801 96.3 2.3 .9 .5

50,000 to 100,000................................. 400 7,415,204 7,143,703 164,081 68,091 39,329 96.3 2 .2 .9 .6

100,000 to 250,000............................... 357 9,586,350 9,217,026 214,397 93,581 61,346 96.1 2.3 1 .0 .6

250,000 to 500,000............................... 204 7,464,121 7,136,400 188,035 81,778 57,908 95.6 2.5 1 .1 .8

500,000 to 1,000,000........................... 204 16,445,710 15,772,014 396,218 172,656 104,822 95.9 2.4 1 .1 .6

1,000,000 to 2,500,000........................ 48 4,287,800 4,069,008 127,052 55,683 36,057 94.9 3.0 1.3 .8

2,500,000 and over.............................. 127 7,434,089 6,914,278 249,971 139,563 130,277 93.0 3.4 1.9 1.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Glass of bank

National, members F. R. System----

State, members F. R. System..........

Not members F. R. System...............

Banks with percent of deposits insured of—

1 0 0 percent...........................................

90 to 99 percent...................................

80 to 89 percent...................................

70 to 79 percent...................................

60 to 69 percent...................................

50 to 59 percent...................................

40 to 49 percent. 

30 to 39 percent. 

20 to 29 percent. 

10 to 19 percent. 

0 to 9 percent.. .

Type of account

Individual, partnership, and corporation accounts:

Demand............................................

Savings and time.............................

Interbank accounts..............................

Government accounts.........................

Uninvested trust funds.......................

Drafts....................................................

Other items...........................................

4,940

1,905

6,606

41

3,075

4,781

3,113

1,426

526

235

143

76

314

53,311,665

22,536,058

22,359,606

27,522

6,382,964

17,854,779

19,462,480

22,533,741

11,182,987

6,947,811

6,964,773

5,074,659

1,660,598

115,015

44,045,275

46,600,507

124,316

302,567

748,478

682,779

5,703,407

51,070,340

21,508,822

21,606,351

27,164

6,201,248

17,257,932

18,761,731

21,714,808

10,701,029

6,642,640

6,575,604

4,742,329

1,470,981

90,047

41,812,909

45,140,817

30,414

197,972

691,783

649,758

5,661,860

1,316,814

594,336

504,376

358

138,687

416,114

458,911

512,836

286,338

168,630

197,532

159,729

70,267

6,124

1,149,092

1,167,089

10,988

29,260

25,008

13,018

21,071

1 Less than .05 percent.

576,671

260,971

182,616

347,840

171,929

66,263

37,372 5,657

140,375 40,358

173,194 68,644

210,873 95,224

125,826 69,794

81,366 55,175

105,096 86,541

87,542 85,059

52,218 67,132

6,396 12,448

676,401 406,873

254,496 38,105

18,994 63,920

29,008 46,327

18,738 12,949

10,699 9,304

11,922 8,554

95.8 2.5 1 .1 .6

95.4 2 .6 1 .2 .8

96.6 2.3 .8 .3

98.7 1.3

97.1 2 .2 .6 .1

96.7 2.3 .8 .2

96.4 2.3 .9 .4

96.4 2.3 .9 .4

95.7 2 .6 1 .1 .6

95.6 2.4 1 .2 .8

94.4 2 .8 1.5 1.3

93.5 3.1 1.7 1.7

8 8 .6 4.2 3.1 4.1

78.3 5.3 5.6 1 0 .8

94.9 2 .6 1 .6 .9

96.9 2.5 .5 .1

24.5 8 .8 15.3 51.4

65.4 9.7 9.6 15.3

92.4 3.4 2.5 1.7

95.2 1.9 1 .6 1.3

99.3 .4 .2 .1

oo

Ci ACCOUNTS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
00

05

T a b l e 4 6 . D i s t r ib u t i o n o f D em an d A c c o u n t s o f I n d iv id u a ls , P a r tn e r s h ip s , a n d C o r p o r a t io n s , 

A c c o r d in g t o S ize o f A c c o u n t , In s u r e d C o m m e r cia l B a n k s, S e p te m b e r 1 9 , 1 9 5 1

b a n k s g r o u p e d b y f e d e r a l d e p o s it in s u r a n c e c o r p o r a t io n d i s t r i c t a n d s t a t e

Number of accounts of— Percent of total accounts—

FDIC District and State Total

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States and possessions....................... 44,045,275 41,812,909 1,149,092 676,401 406,873 94.9% 2.6% 1.6% .9%

United States................................................... 43,982,679 41,752,969 1,147,628 675,622 406,460 94.9 2.6 1.6 .9

Possessions....................................................... 62,596 59,940 1,464 779 413 95.8 2.3 1.2 .7

FDIC District

District 1 ........................................................ 1,924,554 1,811,074 52,694 36,077 24,709 94.1 2.7 1.9 1.3

District 2 ........................................................ 5,595,959 5,190,693 179,998 125,415 99,853 92.8 3.2 2 .2 1 .8

District 3........................................................ 4,769,157 4,515,337

4,000,564

126,813 77,943 49,064 94.7 2.7 1 .6 1 .0

District 4........................................................ 4,136,981 71,245

61,652

41,242 23,930 96.7 1.7 1 .0 .6

District 5........................................................ 3,110,060 2,996,822 34,345 17,241 96.4 2 .0 1 .1 .5

District 6 ........................................................ 4,023,737

3,223,073

3,874,349

3,059,244

84,565 42,159 22,664 96.3 2 .1 1 .0 .6

District 7........................................................ 85,832 49,839 28,158 94.9 2.7 1.5 .9

District 8........................................................ 3,338,671 3,113,441 118,787 68,183

22,244

38,260 93.3 3.6 2 .0 1 .1

District 9........................................................ 1,644,191 1,566,297 46,415 9,235 95.3 2 .8 1.3 .6

District 10...................................................... 2,840,593 2,702,958 80,122 40,749 16,764 95.2 2 .8 1.4 .6

District 11...................................................... 4,276,271

5,162,028

4,078,262 106,463 59,777 31,769 95.4 2.5 1.4 .7

District 12...................................................... 4,903,868 134,506 78,428 45,226 95.0 2 .6 1.5 .9

State

Alabama......................................................... 819,236 796,276 12,359 6,989 3,612 97.2 1.5 .9 .4

Arizona........................................................... 192,325 182,240 5,590 3,053 1,442 94.8 2.9 1 .6 .7

Arkansas......................................................... 532,332 514,400 10,562 5,058 2,312 96.6 2 .0 1 .0 .4

California........................................................ 3,466,347 3,293,398 88,680 52,448 31,821 95.0 2 .6 1.5 .9

Colorado......................................................... 431,976 406,074 14,054 8,030 3,818 94.0 3.3 1 .8 .9

Connecticut.................................................... 463,772 437,805 12,683 8,085 5,199 94.4 2.7 1 .8 1 .1

Delaware......................................................... 137,333 130,268 3,475 2,196 1,394 94.9 2.5 1 .6 1 .0

District of Columbia..................................... 362,742 343,719 9,236 5,765 4,022 94.8 2.5 1 .6 1 .1

Florida............................................................ 812,644 767,307 24,852 14,054 6,431 94.4 3.1 1.7 .8

Georgia........................................................... 916,128 886,907 15,134 8,743 5,344 96.8 1 .6 1 .0 .6

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho..................

Illinois................

Indiana..............

Iowa...................

Kansas...............

Kentucky..........

Louisiana...........

Maine................

Maryland..........

Massachusetts. .

Michigan...........

Minnesota.........

Mississippi.........

Missouri............

Montana............

Nebraska...........

Nevada..............

New Hampshire.

New Jersey........

New Mexico. .. .

New York..........

North Carolina.. 

North Dakota. . ,

Ohio....................

Oklahoma..........

Oregon...............

Pennsylvania. . . 

Rhode Island. .. 

South Carolina.. 

South Dakota...

Tennessee..........

Texas.................

Utah...................

Vermont............

Virginia..............

Washington.......

West Virginia.. .

Wisconsin..........

Wyoming...........

195,748

2,319,885

1,190,213

1,018,786

823,419

186,129

2,144,432

1,134,922

969,009

786,095

5,616

88,198

30,952

30,589

22,717

935,583

670,398

144,023

603,132

873,516

904,375

640,850

136,712

577,878

809,578

19,038

15,270

3,748

12,616

28,614

1,231,023

891,728

562,052

1,573,179

228,499

1,165,691

854,588

546,332

1,501,592

213,358

31,871

20,732

9,307

39,713

9,002

575,582

53,711

94,251

1,405,162

190,055

539,974

50,221

89,891

1,333,977

182,222

21,623

1,834

2,196

36,751

4,431

4,015,046

961,896

235,354

1,901,081

895,299

3,689,511

932,681

223,926

1,799,115

863,339

138,944

15,141

7,510

49,987

17,932

495,553

2,868,076

246,851

467,045

288,610

468,119

2,716,222

237,948

451,055

274,425

14,830

76,826

3,832

8,857

9,171

982,643

3,223,493

177,978

102,141

1,154,539

953,982

3,072,950

170,716

99,140

1,123,434

15,252

81,172

3,713

1,621

16,828

748,513

587,627

801,837

114,317

712,282

571,797

758,631

107,476

19,197

8,567

23,009

3,796

2,912 1,091 95.1 2.9 1.5 .5

53,687 33,568 92.4 3.8 2.3 1.5

16,445 7,894 95.3 2 .6 1.4 .7

14,496 4,692 95.1 3.0 1.4 .5

10,739 3,868 95.5 2.7 1.3 .5

8,449 3,721 96.7 2 .0 .9 .4

9,058 5,220 95.6 2.3 1.3 .8

2,393 1,170 94.9 2 .6 1.7 .8

7,880 4,758 95.8 2 .1 1.3 .8

20,332 14,992 92.7 3.3 2.3 1.7

20,308 13,153 94.7 2 .6 1 .6 1 .1

10,699 5,709 95.8 2.3 1 .2 .7

4,559 1,854 97.2 1.7 .8 .3

20,216 11,658 95.5 2.5 1.3 .7

4,564 1,575 93.4 3.9 2 .0 .7

10,414 3,571 93.8 3.8 1 .8 .6

1,070 586 93.5 3.4 2 .0 1 .1

1,411 753 95.4 2.3 1.5 .8

22,635 11,799 94.9 2 .6 1 .6 .9

2,450 952 95.9 2.3 1.3 .5

100,159 86,432 91.9 3.5 2.5 2 .1

8,776 5,298 97.0 1 .6 .9 .5

3,057 861 95.1 3.2 1.3 .4

31,311 2 0 ,6 6 8 94.6 2 .6 1.7 1 .1

9,415 4,613 96.4 2 .0 1 .1 .5

8,273 4,331 94.4 3.0 1.7 .9

46,632 28,396 94.7 2.7 1 .6 1 .0

2,909 2,162 96.4 1.5 1 .2 .9

4,795 2,338 96.6 1.9 1 .0 .5

3,924 1,090 95.1 3.2 1.3 .4

8,436 4,973 97.1 1 .6 .8 .5

45,216 24,155 95.3 2.5 1.4 .8

2,189 1,360 95.9 2 .1 1 .2 .8

947 433 97.1 1 .6 .9 .4

9,339 4,938 97.3 1.5 .8 .4

11,182 5,852 95.1 2 .6 1.5 .8

4,687 2,576 97.3 1.5 .8 .4

13,086 7,111 94.6 2.9 1 .6 .9

2,151 894 94.0 3.3 1.9 .8

00ACCOUNTS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b l e 4 7 . D is t r ib u t i o n o f S a v in g s an d Tim e A c c o u n t s o f I n d iv id u a ls , P a r tn e r s h ip s , a n d C o r p o r a t io n s , 

A c c o r d in g t o S ize o f A c c o u n t , In s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 19 5 1

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Number of accounts— Percent of total accounts—

FDIC District and State

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States and possessions....................... 46,600,507 45,140,817 1,167,089 254,496 38,105 96.9% 2.5% .5% .1%

United States.................................................. 46,451,982 44,994,330 1,165,631 254,039 37,982 96.9 2.5 .5 .1

Possessions....................................................... 148,525 146,487 1,458 457 123 98.6 1.0 .3 .1

FDIC District

District 1........................................................ 3,130,774 3,070,356 52,073 7,694 651 98.1 1.7 .2 (*) District 2 ........................................................ 7,867,981

7,709,594

7,658,596 175,121 30,386 3,878 97.3 2 .2 .4 .1

District 3........................................................ 7,491,861 179,029 34,000 4,704 97.2 2.3 .4 .1

District 4 ........................................................ 3,051,017 2,978,461 58,408 12,237 1,911 97.6 1.9 .4 .1

District 5........................................................ 1,565,448 1,518,317 37,150 8,647 1,334 97.0 2.4 .5 .1

District 6 ........................................................ 2,163,900 2,102,311 49,585 10,512 1,492 97.1 2.3 .5 .1

District 7........................................................ 5,585,622 5,404,898 149,280 27,875 3,569 96.7 2.7 .5 .1

District 8 ........................................................ 4,197,481 4,035,975 128,575 29,258 3,673 96.1 3.1 .7 .1

District 9........................................................ 1,349,056 1,302,469 38,788 7,101 698 96.5 2.9 .5 .1

District 10...................................................... 1,112,542 1,083,864 22,558 5,315 805 97.4 2 .0 .5 .1

District 1 1 ...................................................... 1,781,757 1,741,642 31,193 7,409 1,513 97.7 1 .8 .4 .1

District 12...................................................... 7,085,335 6,752,067 245,329 74,062 13,877 95.3 3.5 1 .0 .2

State

Alabama......................................................... 384,719 373,113 9,020 2 ,2 2 0 366 97.0 2.3 .6 .1

Arizona........................................................... 145,223 140,473 3,598 991 161 96.7 2.5 .7 .1

Arkansas......................................................... 121,256 116,827 3,422 861 146 96.4 2 .8 .7 .1

California........................................................ 5,485,398 5,209,645 198,422 64,697 12,634 95.0 3.6 1 .2 .2

Colorado......................................................... 319,895 309,980 7,670 1,923 322 96.9 2.4 .6 .1

Connecticut.................................................... 753,862 740,651 11,388 1,758 65 98.3 1.5 .2 0 )

Delaware......................................................... 104,556 101,762 2,082 615 97 97.3 2 .0 .6 .1

District of Columbia..................................... 315,796 308,961 5,350 1 ,2 2 2 263 97.8 1.7 .4 .1

Florida............................................................. 459,373 442,016 13,782 3,159 416 96.2 3.0 .7 .1

Georgia........................................................... 552,176 539,622 10,052 2,161 341 97.7 1 .8 .4 .1

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho................

Illinois...............

Indiana..............

Iowa.................

Kansas.............

Kentucky..........

Louisiana.........

Maine..............

Maryland........

Massachusetts. .

Michigan...........

Minnesota.........

Mississippi........

Missouri...........

Montana..........

Nebraska...........

Nevada............

New Hampshire 

New Jersey. 

New Mexico. . . .

New York.........

North Carolina. 

North Dakota. .

Ohio.................

.

Oklahoma..........

Oregon...............

Pennsylvania. . . 

Rhode Island. . . 

South Carolina. 

South Dakota..

Tennessee........

Texas................

Utah...................

Vermont..........

Virginia............

Washington.......

West Virginia..

Wisconisn........

Wyoming.........

110,829 105,369 4,297

3,526,743 3,387,407 110,729

1,212,391 1,174,401 31,145

670,738 648,568 17,846

273,598 267,332 4,955

335,456 326,806 7,000

601,925 591,557 8,248

388,244 382,018 5,122

720,848 704,612 13,268

1,307,679 1,284,901 19,934

2,818,686 2,725,780 76,175

1,031,902 998,900 27,815

169,180 163,566 4,296

1,104,188 1,076,267 23,227

125,960 121,660 3,367

239,106 234,059 4,103

64,031 60,588 2,604

136,714 134,066 2,181

3,039,344 2,954,904 72,490

73,412 71,334 1,543

4,600,346 4,479,388 99,767

493,227 481,659 9,385

93,771 88,547 4,194

3,421,013 3,318,037 84,532

220,484 215,381 4,081

488,537 469,746 15,663

4,288,581 4,173,824 94,497

307,351 298,232 7,831

145,796 142,234 2,850

97,423 93,362 3,412

603,000 582,411 15,936

961,197 938,278 17,804

259,884 252,602 6,023

236,924 230,488 5,617

949,750 925,650 19,264

651,866 630,172 17,644

425,600 415,345 8,291

1,554,545 1,504,717 41,960

59,459 57,112 1,749

1 Less than .05 percent.

1,023 140 95.1 3.9 .9 .1

25,294 3,313 96.1 3.1 .7 .1

6,123 722 96.9 2.5 .5 .1

3,964 360 96.7 2 .6 .6 .1

1,155 156 97.7 1 .8 .4 .1

1,469 181 97.4 2 .1 .4 .1

1,815 305 98.3 1.4 .3 (*) 976 128 98.4 1.3 .3 0 )

2,593 375 97.7 1 .8 .4 .1

2,609 235 98.3 1.5 .2

0)

14,553 2,178 96.7 2.7 .5 .1

4,720 467 96.8 2.7 .5

0)

1,107 2 1 1 96.7 2.5 .7 .1

4,238 456 97.5 2 .1 .4

0)

840 93 96.6 2.7 .6 .1

856 8 8 97.9 1.7 .4 C1) 729 1 1 0 94.6 4.1 1 .1 .2

437 30 98.1 1 .6 .3 (!) 10,864 1,086 97.2 2.4 .4 C1) 444 91 97.2 2 .1 .6 .1

18,598 2,593 97.4 2 .2 .4

0)

1,881 302 97.6 1.9 .4 .1

936 94 94.4 4.5 1 .0 .1

16,122 2,322 97.0 2.5 .5

0)

877 145 97.7 1 .8 .4 .1

2,800 328 96.1 3.2 .6 .1

17,878 2,382 97.3 2 .2 .4 .1

1,179 109 97.0 2 .6 .4

0)

604 108 97.6 1.9 .4 .1

605 44 95.8 3.5 .6 .1

3,944 709 96.6 2 .6 .7 .1

4,159 956 97.6 1.9 .4 .1

1,135 124 97.2 2.3 .4 .1

735 84 97.3 2.4 .3 (l) 4,208 628 97.5 2 .0 .4 .1

3,530 520 96.7 2.7 .5 .1

1,729 235 97.6 1.9 .4 .1

7,199 669 96.8 2.7 .5

(1)

504 94 96.1 2.9 .8 .2

00

COACCOUNTS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 48. D is t r ib u t io n o f D e m an d A ccounts o f I n d iv id u a l s, P a r t n e r s h ip s , an d C o r p o r a t io n s,

A c c o r d in g t o S ize o f A c c o u n t , In s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 1 9 5 1 30

o

b a n k s g ro u ped b y a m o u n t of d e po sits

Size Group

Number of accounts— Percent of total accounts—

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

Demand accounts—total................................. 44,045,275 41,812,909 1,149,092 676,401 406,873 94.9% 2.6% 1.6% •9%

Banks with deposits of—

$250,000 or less.................................................. 14,484 14,300 140 40 4 98.7 1 .0 .3 C1)

$250,000 to $500,000......................................... 243,540 239,450 3,056 891 143 98.3 1 .2 .4 .1

$500,000 to $1,000,000..................................... 1,377,841 1,346,425 22,570 7,603 1,243 97.7 1 .6 .6 .1

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 3,733,539 3,625,735 73,184 28,465 6,155 97.1 2 .0 •S .1

$2,000,000 to $5,000,000.................................. 8,591,435 8,292,951 189,218 85,364 23,902 96.5 2 .2 1 .0 .3

$5,000,000 to $10,000,000................................ 6,436,394 6,175,848 151,455 79,115 29,976 96.0 2.3 1 .2 .5

$10,000,000 to $25,000,000.............................. 6,261,504 5,959,395 161,245 94,527 46,337 95.2 2 .6 1.5 .7

$25,000,000 to $50,000,000.............................. 3,435,815 3,240,234 98,336 62,061 35,184 94.3 2.9 1 .8 1 .0

$50,000,000 to $1 0 0 ,0 0 0 , 0 0 0 ............................ 2,596,885 2,434,327 75,672 51,689 35,197 93.7 2.9 2 .0 1.4

$100,000,000 to $250,000,000...................... 3,267,980 3,041,087 100,790 70,592 55,511 93.0 3.1 2 .2 1.7

$250,000,000 to $500,000,000.......................... 2,242,630 2,078,482 68,280 50,697 45,171 92.7 3.0 2.3 2 .0

$500,000,000 to $1,000,000,000....................... 1,515,539 1,387,919 56,414 39,367 31,839 91.6 3.7 2 .6 2 .1

$1,000,000,000 to $2,500,000,000.................... 2,232,547 2,015,241 88,564 65,077 63,665 90.3 4.0 2.9 2 .8

Over $2,500,000,000......................................... 2,095,142 1,961,515 60,168 40,913 32,546 93.6 2.9 2 .0 1.5

DArpotif* /\f 1 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with deposits of—

(Ijo^n 0 0 0 nr fpcQ (i) (1) (i) (x) (1)

<59^0 0 0 0 fn <£^00 0 0 0 .6 .6 .3 .1 0 )

<fce;0 0 0 0 0 fn 0 0 0 0 0 0 3.1 3.2 1.9 1 .1 .3

OOO OOO fn <fc9 000 000 8.5 8.7 6.4 4.2 1.5

<£9 OOO OOO fn OOO OOO 19.5 19.8 16.5 1 2 .6 5.9

<&K OOO OOO fn $10 OOO 000 14.6 14.8 13.2 11.7 7.4

<£10 OOO OOO fn $9^ OOO OOO 14.2 14.3 14.0 14.0 11.4

d»oc OOO OOO fn <£^0 OOO 000 7.8 7.7 8.5 9.2 8 .6

<C^O OOO OOO fn ^100 OOO 000 5.9 5.8 6 .6 7.7 8.7

^100 OOO OOO fn $9^0 OOO 000 7.4 7.3 8 .8 10.4 13.6

OOKfi OOO OOO fn $P\00 OOO 000 5.1 5.0 6 .0 7.5 1 1 .1

djrno OOO OOO fn OOO OOO OOO 3^5 3.3 4.9 5.8 7.8

OOO OOO OOO fn <£9 ^00 000 000 5.1 4.8 7.7 9.6 15.7

fWor <£9 ^0 0 OOO OOO 4^7 4.7 5.2 6 .1 8 .0

1 Less than .05 percent.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b l e 4 9 . D i s t r i b u t i o n o f S a v i n g s a n d T i m e A c c o u n t s o f I n d i v i d u a l s , P a r t n e r s h i p s , a n d C o r p o r a t i o n s ,

A c c o r d in g t o Siz e o f A c c o u n t , I n s u r e d C o m m e r c i a l B a n k s , S e p t e m b e r 1 9 , 1 9 5 1

BANKS GROUPED BY AMOUNT OF DEPOSITS

Number of accounts— Percent of total accounts—

FDIC District and State

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

and times arrnunts—to ta l. , . , __ 46,600,507

2,015

38,226

389,064

1,523,140

5,329,353

6,140,355

8,177,729

4,849,333

45,140,817 1,167,089 254,496 38,105 96.9% 2.5% •5% .1%

Banks with deposits of—

1,965 42 8 97.5 2 .1 .4

$250,000 to $500,000......................................... 37,105

376,874

993 118 1 0 97.1 2 .6 .3 0 )

$500,000 to $1,000,000..................................... 10,481 1,605 104 96.9 2.7 .4 C1)

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 1,473,267

5,159,552

5,965,640

41,635 7,635 603 96.7 2.7 .5 .1

$2,000,000 to $5,000,000.................................. 138,962 27,936 2,903 96.8 2 .6 .5 .1

$5,000,000 to $10,000,000................................ 142,423 28,811 3,481 97.1 2.3 .5 .1

$10,000,000 to $25,000,000.............................. 7,964,875

4,714,625

173,730 34,335 4,789 97.4 2 .1 .4 .1

$25,000,000 to $50,000,000.............................. 110,051 21,526 3,131 97.2 2.3 .4 .1

$50,000,000 to $100,000,000............................ 3,757,330

4.279.934

3,421,046

1.693.934 

3,476,361 

3,522,687

1 0 0 .0 %

3,656,740 81,946 16,087 2,557 97.3 2 .2 .4 .1

$100,000,000 to $250,000,000.......................... 4,155,757 100,092 20,856 3,229 97.1 2.3 .5 .1

$250,000,000 to $500,000,000.......................... 3,299,153

1,614,585

95,258 21,918 4,717 96.4 2 .8 .7 .1

$500,000,000 to $1,000,000,000....................... 62,495 14,501 2,353 95.3 3.7 .9 .1

$1,000,000,000 to $2,500,000,000.................... 3,335,669

3,385,010

1 0 0 .0%

110,008 26,320 4,364 96.0 3.1 .8 .1

Over $2,500,000,000......................................... 98,973 32,840 5,864 96.1 2 .8 1 .0 .1

Percent of total 1 0 0 .0 %

0 )

.1

1 0 0 .0 %

C1)

C1)

.6

1 0 0 .0 %

Banks with deposits of—

$250 000 or less (X) (1)

$250 000 to $500 000 .1

.8

.1 (*)

$500 000 to $1 000 000 .8 .9 .3

$1 OftO non *152 ftftft 000 3.3

11.4

13.2

3.3

11.4

13.2

3.6 3.0 1 .6

$2 Oftft 000 tr» $5 ftftO 00ft 11.9 1 1 .0 7.6

$5 000 000 to $10 000 000 1 2 .2 11.3 9.1

$10 000 000 to $25 000 000 17.5

10.4

8 .1

9.2

7.4

17.6 14.9 13.5 1 2 .6

$25 000 000 to $50 000 000 10.5 9.4 8.5 8 .2

$50 000 000 to $100 000 000 8 .1 7.0 6.3 6.7

$100 000 000 to $250 000 000 9.2 8 .6 8 .2 8.5

$250 000 000 to $500 000,000 7.3 8 .2 8 .6 12.4

$500 000 000 to $1 000 000 000 3.6

7.4

3.6 5.3 5.7 6 .2

$1 000 000 000 to $2 500,000,000 7.4 9.4 10.4 11.5

Over $2 500 000 000 7.6 7.5 8.5 12.9 15.3

1 Less than .05 percent.

ACCOUNTS OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CO

to 

D e t a il e d T a b l e s : D is t r ib u t io n o f D epo sit s in I n s u r e d C o m m e r c ia l B a n k s A c c o r d in g to Siz e o f A cco u n t

Table 50. D i s t r ib u t i o n o f D e p o s it s A c c o r d in g t o S ize o f A c c o u n t , I n s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 1951

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Deposits (in thousands) in accounts of— Percent of total deposits—

FDIC District and State

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States and possessions....................... $155,386,204 $45,401,074 $16,172,030 $15,181,927 $78,631,173 29.2% 10.4% 9.8% 50.6%

United States.................................................. 155,139,626 45,320,641 16,149,467 15,159,810 78,509,708 29.2 10.4 9.8 50.6

Possessions....................................................... 246,578 80,433 22,563 22,117 121,465 32.6 9.2 9.0 49.2

FDIC District

District 1........................................................ 7,688,591 2,283,974 745,243 735,325 3,924,049 29.7 9.7 9.6 51.0

District 2 ........................................................ 37,049,853 7,076,294 2,517,952 2,663,160 24,792,447 19.1 6 .8 7.2 66.9

District 3 ........................................................ 18,971,119 6,234,886 2,098,814 1,807,397 8,830,022 32.9 1 1 .1 9.5 46.5

District 4 ........................................................ 8,685,002 2,962,986 900,843 865,889 3,955,284 34.1 10.4 1 0 .0 45.5

District 5........................................................ 6,031,882 2,003,227 698,637 714,927 2,615,091 33.2 1 1 .6 11.9 43.3

District 6 ........................................................ 9,025,698 2,868,245 952,742 894,634 4,310,077 31.8 1 0 .6 9.9 47.7

District 7........................................................ 12,378,967 4,675,595 1,603,995 1,242,393 4,856,984 37.8 13.0 1 0 .0 39.2

District 8 ........................................................ 15,487,947 4,256,566 1,721,961 1,591,008 7,918,412 27.5 1 1 .1 10.3 51.1

District 9........................................................ 4,411,357 1,761,075 600,318 485,440 1,564,524 39.9 13.6 1 1 .0 35.5

District 10...................................................... 6,335,815 2,024,677 738,704 763,467 2,808,967 32.0 11.7 1 2 .0 44.3

District 11...................................................... 9,958,659 2,716,905 990,763 1,117,538 5,133,453

7,921,863

27.3 9.9 1 1 .2 51.6

District 12...................................................... 19,361,314 6,536,644 2,602,058 2,300,749 33.8 13.4 11.9 40.9

State

Alabama......................................................... 1,318,011 461,841 149,281 151,036 555,853 35.0 11.3 11.5 42.2

Arizona........................................................... 483,621 171,142 65,725 62,916 183,838 35.4 13.6 13.0 38.0

Arkansas......................................................... 799,871 303,806 100,218

1,970,180

101,194 294,653 38.0 12.5 12.7 36.8

California........................................................ 14,517,236 4,751,875 1,749,921 6,045,260 32.7 13.6 1 2 .1 41.6

Colorado......................................................... 1,303,018 406,213 153,421 156,188 587,196 31.2 1 1 .8 1 2 .0 45.0

Connecticut.................................................... 1,711,801 558,544 175,329 168,186 809,742 32.6 10.3 9.8 47.3

Delaware......................................................... 499,954 121,033 40,103 47,552 291,266 24.2 8 .0 9.5 58.3

District of Columbia..................................... 1,218,058 345,217 101,857 111,131 659,853 28.3 8.4 9.1 54.2

Florida............................................................ 2,043,534 658,658 272,262

178,808

275,758 836,856 32.2 13.3 13.5 41.0

Georgia........................................................... 1,870,518 565,320 186,870 939,520 30.2 9.6 1 0 .0 50.2

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho............................................................... 437,882 177,425 68,278

Illinois............................................................. 13,161,920 3,307,130 1,379,161

Indiana........................................................... 3,340,948 1,261,123 424,850

2,326,027 949,436 342,800

Kansas............................................................ 1,582,433 572,283 200,916

Kentucky....................................................... 1,539,487 580,347 185,998

Louisiana........................................................ 1,830,205 493,930 169,882

Maine.............................................................. 447,009 201,997 60,995

Maryland....................................................... 1,691,826 550,468 178,340

Massachusetts................................................ 4,351,544 1,063,537 351,103

Michigan......................................................... 5,861,113 2,087,024 733,863

Minnesota....................................................... 2,874,588 1,083,482 341,492

Mississippi...................................................... 799,819 317,408 98,286

Missouri.......................................................... 4,642,536 1,320,588 448,565

Montana......................................................... 563,371 209,395 86,508

Nebraska........................................................ 1,375,043 464,532 183,865

Nevada........................................................... 196,017 63,824 30,161

New Hampshire............................................. 240,371 96,379 31,555

New Jersey..................................................... 4,946,198 2,138,715 728,365

New Mexico................................................... 362,022 124,899 42,776

New York....................................................... 31,437,335 4,765,409 1,735,976

North Carolina.............................................. 1,946,661 602,815 173,897

North Dakota................................................ 448,244 223,161 82,308

Ohio................................................................ 8,000,554 2,670,721 914,102

Oklahoma....................................................... 1,804,949 486,968 160,747

Oregon............................................................. 1,451,355 573,336 207,783

Pennsylvania.................................................. 10,970,565 3,564,165 1,184,712

Rhode Island................................................. 670,173 213,933 77,935

South Carolina............................................... 741,980 259,550 83,255

South Dakota................................................ 525,154 245,037 90,010

Tennessee....................................................... 2,043,804 663,504 217,961

Texas............................................................... 7,282,811 1,926,934 712,380

Utah................................................................ 610,587 204,030 65,651

Vermont......................................................... 267,693 149,584 48,326

Virginia........................................................... 2,108,915 808,972 248,568

Washington.................................................... 2,068,025 736,858 250,950

West Virginia................................................. 977,562 395,964 114,926

Wisconsin....................................................... 3,176,906 1,327,448 445,282

Wyoming........................................................ 270,372 94,681 39,755

61,233 130,946 40.5 15.6 14.0 29.9

1,286,537 7,189,092 25.1 10.5 9.8 54.6

362,049 1,292,926 37.8 12.7 1 0 .8 38.7

304,471 729,320 40.8 14.7 13.1 31.4

202,452 606,782 36.2 12.7 1 2 .8 38.3

169,352 603,790 37.7 1 2 .1 1 1 .0 39.2

185,908 980,485 27.0 9.3 1 0 .1 53.6

54,565 129,452 45.2 13.6 1 2 .2 29.0

166,378 796,640 32.5 1 0 .6 9.8 47.1

390,898 2,546,006 24.4 8 .1 9.0 58.5

554,928 2,485,298 35.6 12.5 9.5 42.4

263,033 1,186,581 37.7 11.9 9.2 41.2

101,263 282,862 39.7 12.3 12.7 35.3

419,958 2,453,425 28.4 9.7 9.0 52.9

84,999 182,469 37.2 15.3 15.1 32.4

184,900 541,746 33.8 13.4 13.4 39.4

27,473 74,559 32.6 15.4 14.0 38.0

30,575 81,862 40.1 13.1 12.7 34.1

522,883 1,556,235 43.2 14.7 1 0 .6 31.5

46,318 148,029 34.5 1 1 .8 1 2 .8 40.9

2,078,696 22,857,254 15.2 5.5 6 .6 72.7

180,209 989,740 31.0 8.9 9.3 50.8

62,911 79,864 49.8 18.4 14.0 17.8

754,530 3,661,201 33.4 11.4 9.4 45.8

176,486 980,748 27.0 8.9 9.8 54.3

172,304 497,932 39.5 14.3 11.9 34.3

1,052,867 5,168,821 32.5 1 0 .8 9.6 47.1

64,029 314,276 31.9 1 1 .6 9.6 46.9

89,663 309,512 35.0 1 1 .2 1 2 .1 41.7

74,497 115,610 46.7 17.1 14.2 2 2 .0

204,130 958,209 32.4 10.7 1 0 .0 46.9

822,396 3,821,101 26.4 9.8 11.3 52.5

53,072 287,834 33.4 1 0 .8 8.7 47.1

27,072 42,711 55.9 18.1 1 0 .1 15.9

216,654 834,721 38.3 1 1 .8 10.3 39.6

228,658 851,559 35.6 1 2 .1 1 1 .1 41.2

101,854 364,818 40.5 1 1 .8 10.4 37.3

325,416 1,078,760 41.8 14.0 1 0 .2 34.0

43,441 92,495 35.0 14.7 16.1 34.2

CO

CODEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CD

Table 51. D i s t r i b u t i o n o f D e p o s i t s A c c o r d in g t o Si z e o f A c c o u n t , I n s u r e d C o m m e r c i a l B a n k s , S e p t e m b e r 19, 1951

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,

CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Deposits (in thousands) in accounts of— Percent of total deposits—

Classification

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

All insured commercial banks....................... $155,386,204 $45,401,074 $16,172,030 $15,181,927 $78,631,173 29.2% 10.4% 9.8% 50.6%

Banks with deposits of— 848 284 72.3 15.1 9.4 3.2 $250,000 or less.................................................. 9,006 6,513 1,361

$250,000 to $500,000......................................... 185,065 123,294 29,959 19,257 12,555 6 6 .6 16.2 10.4 6 .8

$500,000 to $1,000,000..................................... 1,398,870 865,616 242,393 162,752 128,109 61.9 17.3 1 1 .6 9.2

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 4,682,615 2,628,447 822,129 621,111 610,928 56.1 17.6 13.3 13.0

$2,000,000 to $5,000,000.................................. 13,471,315 6,836,718 2,286,844 1,843,129 2,504,624 50.7 17.0 13.7 18.6

$5,000,000 to $10,000,000................................ 13,031,487 6,008,096 2,023,545 1,701,658 3,298,188 46.1 15.5 13.1 25.3

$10,000,000 to $25,000,000.............................. 16,555,255 6,755,290 2,302,737 2,033,335 5,463,893

4,773,777

40.8 13.9 12.3 33.0

$25,000,000 to $50,000,000.............................. 11,648,654 4,096,895 1,437,723 1,340,259 35.2 12.3 11.5 41.0

$50,000,000 to $100,000,000............................ 11,062,676 3,065,745 1,106,897 1,126,104 5,763,930 27.7 1 0 .0 1 0 .2 52.1

$100,000,000 to $250,000,000.......................... 17,739,393 3,739,661 1,424,488 1,542,371 11,032,873 2 1 .1 8 .0 8.7 62.2

$250,000,000 to $500,000,000.......................... 15,074,196 2,931,251 1,152,249 1,203,975 9,786,721 19.5 7.6 8 .0 64.9

$500,000,000 to $1,000,000,000....................... 11,053,548 2,026,239 827,142 883,989 7,316,178 18.3 7.5 8 .0 6 6 .2

$1,000,000,000 to $2,500,000,000.................... 24,780,346 3,314,977 1,403,806 1,554,425 18,507,138 13.4 5.7 6.3 74.6

Over $2,500,000,000.......................................... 14,693,778 3,002,332 1,110,757 1,148,714 9,431,975 20.4 7.6 7.8 64.2

Banks in centers with population of—

Less than 250..................................................... 583,312 277,747 92,909 63,821 148,835 47.6 15.9 1 1 .0 25.5

250 to 500........................................................... 1,271,709 733,571 236,553 166,130 135,455 57.7 18.6 13.1 1 0 .6

500 to 1,000....................................................... 2,947,840 1,634,710 535,180 399,360 378,590 55.5 18.2 13.5 1 2 .8

1,000 to 2,500.................................................... 6,624,767 3,522,302 1,157,703 911,095 1,033,667 53.2 17.5 13.7 15.6

2,500 to 5,000.................................................... 6,190,963 3,014,726 1,021,814 846,372 1,308,051 48.7 16.5 13.7 2 1 .1

5,000 to 10,000.................................................. 8,105,771 3,788,774 1,282,753 1,073,841 1,960,403 46.7 15.8 13.3 24.2

10,000 to 25,000................................................ 11,284,159 4,795,304 1,639,305 1,440,534 3,409,016 42.5 14.5 1 2 .8 30.2

25,000 to 50,000................................................ 9,020,483 3,543,444 1,215,291 1,077,383 3,184,365 39.3 13.5 11.9 35.3

50,000 to 100,000.............................................. 9,318,376 3,233,098 1,092,818 1,019,146 3,973,314 34.7 11.7 10.9 42.7

100,000 to 250,000............................................ 14,884,926 4,096,738 1,432,861 1,404,699 7,950,628 27.5 9.6 9.5 53.4

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
250.000 to 500,000............................................

500.000 to 1,000,000.........................................

1,000,000 to 2,500,000......................................

2.500.000 and over............................................

Class of bank

National, members F. R. System...................

State, members F. R. System.........................

Not members F. R. System.............................

Banks with percent of deposits in ­

sured of—

1 0 0 percent.........................................................

90 to 99 percent.................................................

80 to 89 percent.................................................

70 to 79 percent.................................................

60 to 69 percent.................................................

50 to 59 percent.................................................

40 to 49 percent.................................................

30 to 39 percent.................................................

20 to 29 percent.................................................

10 to 19 percent.................................................

0 to 9 percent...................................................

Type of account

Individual, partnership, and corporation 

accounts:

Demand..........................................................

Savings and time...........................................

Interbank accounts...........................................

Government accounts.......................................

Uninvested trust funds.....................................

Drafts.................................................................

Other items........................................................

13,793,210

27,155,670

9,335,080

34,869,938

3,520,680

6,862,381

2,245,748

4,131,851

1,258,223

2,657,535

849,523

1,699,562

89,966,840

44,155,388

21,263,976

24,333,598

10,871,260

10,196,216

8,825,269

3,986,660

3,360,101

14,568

4,752,385

15,473,078

19,200,320

24,809,067

16,665,592

1 2 ,1 2 1

3,083,674

8,504,820

8,927,058

9,450,108

5,326,731

2,447

914,622

2,760,695

3,052,936

3,432,931

1,922,099

12,259,691

18,913,962

21,358,219

17,525,934

4,413,388

3,076,752

3,477,759

2,628,538

852,937

60,576

1,135,668

1,332,566

1,079,107

495,573

43,386

88,871,594

34,374,129

13,537,168

12,714,958

2,354,758

1,272,995

2,260,602

22,578,252

21,230,895

45,071

274,043

379,335

208,537

684,941

7,996,773

7,455,899

84,316

212,191

176,875

93,704

152,272

1,218,989

2,543,166

838,652

2,178,739

7,795,318

15,092,588

5,401,157

26,859,786

8,588,978

3,936,894

2,656,055

48,218,995

25,360,574

5,051,604

524,671

2,021,924

2,531,778

3,092,795

1,881,266

229,418

2,185,639

4,688,548

8,833,233

7,535,496

1,230,258

1,613,270

1,351,732

831,637

102,596

6,817,013

12,490,367

16,298,842

15,345,787

4,206,830

10,292,213

3,445,533

322,313

473,090

293,436

170,790

184,552

48,004,356

2,241,802

13,083,468

11,755,634

1,505,112

799,964

1,238,837

25.5 9.1 8.9 56.5

25.3 9.8 9.3 55.6

24.1 9.1 9.0 57.8

11.9 4.9 6 .2 77.0

27.0 9.8 9.6 53.6

24.6 9.0 8.9 57.5

48.0 15.8 12.5 23.7

83.2 16.8

64.9 19.2 1 1 .1 4.8

55.0 17.8 13.1 14.1

46.5 15.9 13.2 24.4

38.1 13.8 12.5 35.6

32.0 11.5 11.3 45.2

25.1 9.3 1 0 .0 55.6

18.4 7.1 8.5 6 6 .0

12.3 5.1 6.3 76.3

4.9 2 .8 4.7 87.6

1.4 1 .0 2.3 95.3

25.4 9.0 1 1 .6 54.0

61.8 21.7 1 0 .0 6.5

0.3 0 .6 2.4 96.7

2 .1 1.7 3.7 92.5

16.1 7.5 12.5 63.9

16.4 7.4 13.4 62.8

30.3 6.7 8 .2 54.8

0

01DEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
CO

o

Table 52. D is t r ib u t io n of D em an d D eposits of I n d iv id u a l s, P a r t n e r s h ip s , an d C o r p o r a t io n s ,

A c c o rd in g to Siz e of A ccount, I n su red C o m m e r c ia l B a n k s , Se p t e m b e r 19, 1951

b a n k s g r o u p e d b y f e d e r a l d epo sit in su r a n c e co r po r a tio n d is t r ic t an d state

Deposits (in thousands) in accounts of— Percent of total deposits—

FDIC District and State

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$88,871,594 $22,578,252 $7,996,773 $10,292,213 $48,004,356 25.4% 9.0% 11.6% 54.0%

United States.................................................. 88,784,230 22,545,663 7,986,661 10,280,569 47,971,337 25.4 9.0 11.6 54.0

Possessions ............................................... 87,364 32,589 10,112 11,644 33,019 37.3 11.6 13.3 37.8

FDIC District

District 1 . ....................................... 4,571,940 944,323 370,706 556,279 2,700,632 2 0 .6 8 .1 1 2 .2 59.1

District 2 ........................................................ 22,824,977 3,233,958 1,269,901 1,958,021 16,363,097 14.2 5.5 8 .6 71.7

District 3 . ........................................... 10,301,691 2,502,107

1,623,600

882,032 1,184,339 5,733,213 24.3 8 .6 11.5 55.6

District 4 ................................................... 4,992,715 493,842 626,029 2,249,244 32.5 9.9 12.5 45.1

District 5 ................................................... 3,646,836 1,292,650 422,589 514,146 1,417,451 35.4 1 1 .6 14.1 38.9

District 6 ................................................... 5,279,312 1,841,048 582,845 634,937 2,220,482 34.9 1 1 .0 1 2 .0 42.1

District 7 ................................................... 6,050,265 1,713,687 595,170 755,706 2,985,702 28.3 9.8 12.5 49.4

District 8 ..................................................... 8,564,843 2,019,053 827,198 1,036,414 4,682,178 23.6 9.6 1 2 .1 54.7

District 9 ................................................... 2,401,192 936,533 319,530 328,947 816,182 39.0 13.3 13.7 34.0

District 1 0 .................................................... 4,109,531 1,484,949 555,582 606,705 1,462,295 36.1 13.5 14.8 35.6

District 11 .................................................... 6,530,515 2,023,571 742,181 900,667 2,864,096 31.0 11.4 13.8 43.8

District 12 ................................................... 9,597,777 2,962,773 935,197 1,190,023 4,509,784 30.9 9.7 12.4 47.0

State

Alabama ......................................... 801,760 292,295 84,079 102,472 322,914 36.4 10.5 1 2 .8 40.3

Arizona ............................................... 298,442 107,851 40,143 45,898 104,550 36.1 13.5 15.4 35.0

Arkansas . ........................................... 533,226 232,316 72,373 75,051 153,486 43.5 13.6 14.1 28.8

California....................................................... 6,781,504 1,988,204 618,915 796,346 3,378,039 29.3 9.1 1 1 .8 49.8

Colorado ............................................. 802,101 248,567 97,812 120,425 335,297 31.0 1 2 .2 15.0 41.8

Connecticut.................................................... 1,040,963 239,151 88,609 125,427 587,776 23.0 8.5 1 2 .0 56.5

Delaware....................................................... 288,826 78,526 24,184 33,488 152,628 27.2 8.4 1 1 .6 52.8

District of Columbia..................................... 833,775 201,495 64,007 87,432 480,841 24.1 7.7 10.5 57.7

Florida ................................................... 1,268,170

1,120,564

427,029 172,271 210,332 458,538 33.7 13.6 16.6 36.1

Georgia........................................................... 352,291 104,145 132,144 531,984 31.4 9.3 1 1 .8 47.5

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho............................................................... 269,960 113,349 38,811

Illinois............................................................. 7,222,233 1,430,032 616,330

Indiana............................................................ 1,810,109 640,509 213,377

Iowa................................................................ 1,342,610 589,021 2 1 0 ,8 6 8

Kansas............................................................ 1,019,315 444,217 157,199

Kentucky........................................................ 996,720 420,337 129,983

Louisiana........................................................ 991,844 289,042 106,617

Maine.............................................................. 213,372 72,507 26,131

Maryland........................................................ 951,023 258,938 89,003

Massachusetts................................................ 2,730,654 482,656 202,148

Michigan......................................................... 2,745,389 619,035 221,772

Minnesota....................................................... 1,374,974 470,205 143,116

Mississippi...................................................... 456,342 221,035 62,094

Missouri.......................................................... 2,679,233 794,313 274,939

Montana......................................................... 377,372 143,979 62,377

Nebraska......................................................... 916,399 346,100 149,277

Nevada........................................................... 104,147 33,258 12,739

New Hampshire............................................. 132,274 45,796 15,283

New Jersey..................................................... 2,288,468 714,336 255,437

New Mexico................................................... 215,230 93,613 30,560

New York....................................................... 20,197,081 2,423,810 984,493

North Carolina............................................... 1,067,037 349,500 104,555

North Dakota................................................ 295,148 149,984 51,198

Ohio................................................................. 4,145,055 1,012,818 348,058

Oklahoma....................................................... 1,196,143 380,522 124,981

Oregon............................................................. 875,976 325,596 102,268

Pennsylvania.................................................. 6,156,636 1,489,289 533,974

Rhode Island.................................................. 363,107 64,163 27,151

South Carolina............................................... 512,002 193,472 60,937

South Dakota................................................. 353,698 172,365 62,839

Tennessee....................................................... 1,070,133 394,082 105,550

Texas............................................................... 5,024,999 1,533,065 564,861

Utah................................................................ 312,957 89,323 25,950

Vermont.......................................................... 91,570 40,050 11,384

Virginia........................................................... 1,087,153 406,763 116,896

Washington.................................................... 1,216,471 397,740 132,189

West Virginia................................................. 541,725 213,432 58,444

Wisconsin....................................................... 1,494,767 454,143 160,021

Wyoming........................................................ 175,573 65,543 26,313

43,147 74,653 42.0

821,773 4,354,098 19.8

245,940 710,283 35.4

214,641 328,080 43.9

158,015 259,884 43.6

126,005 320,395 42.2

137,071 459,114 29.2

36,797 77,937 34.0

119,183 483,899 27.2

313,995 1,731,855 17.7

311,759 1,592,823 22.5

159,363 602,290 34.2

69,198 104,015 48.4

306,573 1,303,408 29.6

67,649 103,367 38.2

152,886 268,136 37.8

16,315 41,835 31.9

21,328 49,867 34.6

343,016 975,679 31.2

36,140 54,917 43.5

1,575,224 15,213,554 1 2 .0

133,127 479,855 32.7

44,661 49,305 50.8

474,637 2,309,542 24.4

142,621 548,019 31.8

125,876 322,236 37.1

709,702 3,423,671 24.2

44,408 227,385 17.7

72,630 184,963 37.8

57,274 61,220 48.7

127,308 443,193 36.8

681,558 2,245,515 30.5

34,101 163,583 28.5

14,324 25,812 43.7

143,060 420,434 37.4

168,887 517,655 32.7

70,597 199,252 39.4

198,007 682,596 30.4

32,758 50,959 37.3

14.4 16.0 27.6

8.5 11.4 60.3

1 1 .8 13.6 39.2

15.7 16.0 24.4

15.4 15.5 25.5

13.0 1 2 .6 32.2

10.7 13.8 46.3

1 2 .2 17.3 36.5

9.4 12.5 50.9

7.4 11.5 63.4

8 .1 11.4 58.0

10.4 1 1 .6 43.8

13.6 15.2 2 2 .8

10.3 11.4 48.7

16.5 17.9 27.4

16.3 16.7 29.2

1 2 .2 15.7 40.2

1 1 .6 16.1 37.7

1 1 .2 15.0 42.6

14.2 16.8 25.5

4.9 7.8 75.3

9.8 12.5 45.0

17.4 15.1 16.7

8.4 11.5 55.7

10.5 11.9 45.8

11.7 14.4 36.8

8.7 11.5 55.6

7.5 1 2 .2 62.6

11.9 14.2 36.1

17.8 16.2 17.3

9.9 11.9 41.4

1 1 .2 13.6 44.7

8.3 10.9 52.3

12.4 15.7 28.2

10.7 13.2 38.7

10.9 13.9 42.5

1 0 .8 13.0 36.8

10.7 13.2 45.7

15.0 18.7 29.0

CDDEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 53. D is t r ib u t io n o f Sa v in g s an d T im e D eposits of I n d iv id u a l s, P a r t n e r s h ip s , a n d C o r p o r a t io n s,

A c c o r d in g to Siz e of A ccount, I nsured C o m m e r c ia l B a n k s , Se p t e m b e r 19, 1951

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Deposits (in thousands) in accounts of— Percent of total deposits—

FDIC District and State

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States and possessions....................... $34,374,129 $21,230,895 $7,455,899 $3,445,533 $2,241,802 61.8% 21.7% 10.0% 6.5%

United States................................................... 34,303,232 21,189,812 7,446,305 3,439,258 2,227,857 61.8 21.7 10.0 6.5

Possessions....................................................... 70,897 41,083 9,594 6,275 13,945 57.9 13.5 8.9 19.7

FDIC District

District 1........................................................ 1,696,956 1,237,730 327,371 98,035 33,820 72.9 19.3 5.8 2 .0

District 2........................................................ 5,388,470 3,536,037 1,106,071 407,203 339,159 65.6 20.5 7.6 6.3

District 3........................................................ 5,422,469 3,536,532 1,134,230 459,244 292,463 65.2 20.9 8.5 5.4

District 4........................................................ 1,924,632 1,260,772 369,529 166,301 128,030 65.5 19.2 8 .6 6.7

District 5........................................................ 1,067,585 640,112 235,908 116,356 75,209 60.0 2 2 .1 10.9 7.0

District 6 ........................................................ 1,481,319 942,424 316,320 139,401 83,174 63.6 21.4 9.4 5.6

District 7........................................................ 4,334,224 2,830,782 951,365 376,270 175,807 65.3 2 2 .0 8.7 4.0

District 8 ........................................................ 3,484,204 2,082,340 825,225 409,680 166,959 59.8 23.7 11.7 4.8

District 9........................................................ 1,116,759 745,811 247,041 94,536 29,371 6 6 .8 2 2 .1 8.5 2 .6

District 10...................................................... 722,480 468,877 144,334 72,480

100,446

36,789 64.9 2 0 .0 1 0 .0 5.1

District 11...................................................... 991,121 602,208 195,301 93,166 60.8 19.7 1 0 .1 9.4

District 12...................................................... 6,743,910 3,347,270 1,603,204 1,005,581 787,855 49.6 23.8 14.9 11.7

State

Alabama......................................................... 260,386 155,861 57,274 30,701 16,550 59.9 2 2 .0 1 1 .8 6.3

Arizona........................................................... 101,382 57,315 23,251 13,291 7,525 56.6 22.9 13.1 7.4

Arkansas......................................................... 100,128 60,505 21,338 11,233 7,052 60.4 21.3 1 1 .2 7.1

California........................................................ 5,484,533 2,587,145 1,307,383 882,969 707,036 47.2 23.8 16.1 12.9

Colorado......................................................... 234,356 144,502 49,352 25,998 14,504 61.6 2 1 .1 1 1 .1 6 .2

Connecticut.................................................... 387,928 289,074 72,147 21,758 4,949 74.5 18.6 5.6 1.3

Delaware......................................................... 63,586 37,451 13,446 8,279 4,410 58.9 2 1 .2 13.0 6.9

District of Columbia..................................... 225,919 134,462 34,250 16,927 40,280 59.5 15.2 7.5 17.8

Florida............................................................. 372,767 209,748 88,143 41,303 33,573 56.3 23.6 1 1 .1 9.0

Georgia........................................................... 303,774 195,206 63,504 29,264 15,800 64.3 20.9 9.6 5.2

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho.................

.

Illinois.................

Indiana..............

Iowa...................

Kansas...............

Kentucky..........

Louisiana...........

Maine................

Maryland..........

Massachusetts. . ,

Michigan...........

Minnesota..........

Mississippi.........

Missouri.............

Montana............

Nebraska...........

Nevada..............

New Hampshire.

New Jersey........

New Mexico. .. .

New York..........

North Carolina.. 

North Dakota. . ,

Ohio...................

Oklahoma..........

Oregon...............

Pennsylvania. . . 

Rhode Island. . . 

South Carolina.. 

South Dakota...

Tennessee..........

Texas..................

Utah...................

Vermont............

Virginia..............

Washington.......

West Virginia.. .

Wisconsin..........

Wyoming...........

106,548

2,969,165

903,568

515,039

161,788

59,600

1,750,401

589,720

331,939

108,084

27,268

710,082

197,396

115,143

31,714

213,990

278,496

174,652

418,176

700,169

141,828

186,229

124,277

279,736

528,742

44,849

51,945

32,433

83,933

125,344

2,205,721

826,088

130,658

718,355

97,229

1,406,152

565,907

79,297

487,338

60,270

487,454

177,385

26,987

147,962

21,563

143,179

60,291

68,339

2,032,651

47,858

101,795

28,371

47,055

1,381,500

26,854

26,122

16,498

14,049

453,311

9,937

3,247,160

332,381

104,119

2,462,905

134,613

2,088,066

231,612

61,719

1,580,941

88,922

633,985

58,505

26,535

533,709

25,752

381,562

2,959,564

213,645

89,400

89,323

231,950

1,955,591

144,654

57,459

57,915

99,347

600,521

48,516

17,589

21,558

448,846

563,385

182,443

152,223

597,135

252,753

331,810

108,682

103,928

384,616

102,171

110,168

37,232

34,882

122,885

502,709

261,621

1,224,935

48,544

319,459

172,887

834,910

25,574

1 1 1 ,2 1 1

52,367

266,515

11,394

13,606 6,074 55.9

356,057 152,625 59.0

81,469 34,983 65.3

53,623 14,334 64.4

15,758 6,232 6 6 .8

19,944 7,369 66.3

24,662 15,660 66.9

13,199 4,743 71.1

35,608 18,899 66.9

31,819 14,264 75.5

198,876 113,239 63.8

63,123 19,673 68.5

15,088 9,286 60.7

55,337 27,718 67.8

11,358 4,038 62.0

11,858 3,404 71.1

9,617 5,805 47.0

5,770 1,465 68.9

144,762 53,078 6 8 .0

6,041 5,026 56.1

249,815 275,294 64.3

25,429 16,835 69.7

12,330 3,535 59.3

218,088 130,167 64.2

11,864 8,075 6 6 .1

35,817 14,448 60.8

241,156 162,296 6 6 .1

15,913 4,562 67.7

8,412 5,940 64.3

7,725 2,125 64.8

52,887 41,035 56.3

56,452 64,955 58.9

14,842 21,687 59.6

9,576 3,837 68.3

56,581 33,053 64.4

46,802 25,237 63.6

23,344 13,023 6 6 .1

95,925 27,585 6 8 .2

7,002 4,574 52.7

25.6 1 2 .8 5.7

23.9 1 2 .0 5.1

2 1 .8 9.0 3.9

22.4 10.4 2 .8

19.6 9.7 3.9

2 1 .0 9.3 3.4

18.6 8.9 5.6

18.6 7.6 2.7

2 0 .1 8.5 4.5

17.9 4.6 2 .0

2 2 .1 9.0 5.1

21.5 7.6 2.4

20.7 11.5 7.1

2 0 .6 7.7 3.9

2 2 .2 11.7 4.1

18.2 8.3 2.4

27.4 16.0 9.6

2 0 .6 8.4 2 .1

22.3 7.1 2 .6

2 0 .8 1 2 .6 10.5

19.5 7.7 8.5

17.6 7.6 5.1

25.5 1 1 .8 3.4

21.7 8 .8 5.3

19.1 8 .8 6 .0

26.0 9.4 3.8

20.3 8 .1 5.5

22.7 7.5 2 .1

19.7 9.4 6 .6

24.1 8.7 2.4

2 2 .8 1 1 .8 9.1

19.6 1 0 .0 11.5

20.4 8 .1 11.9

22.9 6.3 2.5

2 0 .6 9.5 5.5

2 2 .1 9.3 5.0

2 0 .0 8.9 5.0

2 1 .8 7.8 2 .2

23.5 14.4 9.4

co

C ODEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 54. D is t r ib u t io n o f D em an d D epo sits of I n d iv id u a l s , P a r t n e r s h ip s , an d C o r p o r a t io n s,

A cc o r d in g to Siz e of A ccount, I nsured C o m m e r c ia l B a n k s , Se p t e m b e r 19, 1951

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group

Deposits (in thousands) in accounts of— Percent of total deposits—

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

Demand deposits—total................................... $88,871,594 $22,578,252 $7,996,773 $10,292,213 $48,004,356 25.4% 9.0% 11.6% 54.0%

Banks with deposits of—

$250,000 or less................................................. 6,832 5,203 938 554 137 76.2 13.7 8 .1 2 .0

$250,000 to $500,000......................................... 133,038 94,150 20,659 12,571 5,658 70.8 15.5 9.4 4.3

$500,000 to $1,000,000..................................... 920,873 607,963 153,134 108,136 51,640 6 6 .0 16.6 1 1 .8 5.6

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 2,911,761 1,716,672 500,432 412,296 282,361 58.9 17.2 14.2 9.7

$2,000,000 to $5,000,000.................................. 7,849,148 4,062,924 1,295,923 1,250,207 1,240,094 51.8 16.5 15.9 15.8

$5,000,000 to $10,000,000................................ 7,119,356 3,110,749 1,046,746 1,179,267 1,782,594 43.7 14.7 16.6 25.0

$1 0 ,0 0 0 ,0 0 0 to $25,000,000.............................. 8,896,215 3,118,745 1,119,122 1,428,799 3,229,549 35.0 1 2 .6 16.1 36.3

$25,000,000 to $50,000,000.............................. 6,258,544 1,823,935 685,358 948,046 2,801,205 29.1 1 1 .0 15.1 44.8

$50,000,000 to $100,000,000............................ 6,042,217 1,365,042 533,242 802,554 3,341,379 2 2 .6 8 .8 13.3 55.3

$100,000,000 to $250,000,000.......................... 9,850,668 1,747,872 708,037 1,095,105 6,299,654 17.7 7.2 1 1 .1 64.0

$250,000,000 to $500,000,000.......................... 8,449,210 1,177,122 486,740 782,743 6,002,605 13.9 5.8 9.3 71.0

$500,000,000 to $1,000,000,000....................... 6,847,787 1,014,544 395,466 611,741 4,826,036 14.8 5.8 8.9 70.5

$1,000,000,000 to $2,500,000,000.................... 15,299,453 1,415,749 630,956 1,037,166 12,215,582 9.3 4.1 6 .8 79.8

Over $2,500,000,000......................................... 8,286,492 1,317,582 420,020 623,028 5,925,862 15.9 5.1 7.5 71.5

Percent of total.............................................. 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with deposits of—

$250,000 or less................................................. (1) 0 ) (1) C1) 0 )

$250,000 to $500,000........................................ .1 .4 .3 .1 (1)

$500,000 to $1,000,000..................................... 1 .0 2.7 1.9 1 .1 .1

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 3.3 7.6 6 .2 4.0 .6

$2,000,000 to $5,000,000.................................. 8 .8 18.0 16.2 1 2 .1 2 .6

$5,000,000 to $10,000,000................................ 8 .0 13.8 13.1 11.5 3.7

$10,000,000 to $25,000,000.............................. 1 0 .0 13.8 14.0 13.9 6.7

$25,000,000 to $50,000,000.............................. 7.1 8 .1 8 .6 9.2 5.8

$50,000,000 to $100,000,000............................ 6 .8 6 .0 6.7 7.8 7.0

$100,000,000 to $250,000,000.......................... 1 1 .1 7.8 8.9 10.7 13.1

$250,000,000 to $500,000,000.......................... 9.5 5.2 6 .1 7.6 12.5

$500,000,000 to $1,000,000,000....................... 7.7 4.5 4.9 5.9 1 0 .1

$1,000,000,000 to $2,500,000,000.................... 17.3 6.3 7.9 1 0 .0 25.4

Over $2,500,000,000......................................... 9.3 5.8 5.2 6 .1 12.4

1 Less than .05 percent.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY AMOUNT OF DEPOSITS

T a b le 55. D is t r ib u t io n o f S a v in g s an d Tim e D e p o s its o f In d iv id u a ls , P a r tn e r s h ip s , a n d C o r p o r a t io n s ,

A c c o r d in g t o S ize o f A c c o u n t , In s u r e d C o m m e r cia l B a n k s, S e p te m b e r 19, 1951

Size group

Deposits (in thousands) in accounts of— Percent of total deposits—

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

Savings and time accounts—total................ $34,374,129 $21,230,895 $7,455,899 $3,445,533 $2,241,802 61.8% 21.7% 10.0% 6.5%

Banks with deposits of—

1,414 1 ,0 0 2 304 108 70.9 21.5 7.6

$250,000 to $500,000........................................ 31,312 22,853 6,451 1,600 408 73.0 2 0 .6 5.1 1.3

$500,000 to $1,000,000..................................... 312,452 220,449 67,030 20,895 4,078 70.6 21.4 6.7 1.3

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 1,208,088 817,348 265,851 101,481 23,408 67.7 2 2 .0 8.4 1.9

$2,000,000 to $5,000,000.................................. 3,958,216 2,575,871 886,539 373,776 122,030 65.1 22.4 9.4 3.1

$5,000,000 to $10,000,000................................ 4,185,252 2,732,365 906,056 385,832 160,999 65.3 2 1 .6 9.2 3.9

$10,000,000 to $25,000,000.............................. 5,249,262 3,444,801 1,103,655 461,642 239,164 65.6 2 1 .0 8 .8 4.6

$25,000,000 to $50,000,000.............................. 3,318,252 2,145,763 698,949 288,989 184,551 64.7 2 1 .1 8.7 5.5

$50,000,000 to $100,000,000............................ 2,479,412 1,588,211 520,329 217,473 153,399 64.0 2 1 .0 8 .8 6 .2

$100,000,000 to $250,000,000.......................... 2,983,273 1,829,389 634,569 279,625 239,690 61.3 21.3 9.4 8 .0

$250,000,000 to $500,000,000.......................... 2,822,495 1,643,386 608,303 302,311 268,495 58.2 2 1 .6 10.7 9.5

$500,000,000 to $1,000,000,000....................... 1,676,462 943,000 399,231 205,379 128,852 56.2 23.8 12.3 7.7

$1,000,000,000 to $2,500,000,000................... 3,156,235 1,761,439 703,134 357,714 333,948 55.8 22.3 11.3 1 0 .6

Over $2,500,000,000......................................... 2,992,004 1,505,018 655,498 448,708 382,780 50.3 21.9 15.0 1 2 .8

Percent of total............................................... 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with deposits of—

$250,000 or less................................................. 0 )

(1) 0 ) 0 )

$250,000 to $500,000........................................ .1 .1 .1 .1 0 )

$500,000 to $1,000,000..................................... .9 1 .0 .9 .6 .2

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................................. 3.5 3.9 3.6 2.9 1 .0

$2,000,000 to $5,000,000.................................. 11.5 1 2 .1 11.9 1 0 .8 5.4

$5,000,000 to $10,000,000................................ 1 2 .2 12.9 1 2 .1 1 1 .2 7.2

$10,000,000 to $25,000,000.............................. 15.3 16.2 14.8 13.4 10.7

$25,000,000 to $50,000,000.............................. 9.7 1 0 .1 9.4 8.4 8 .2

$50,000,000 to $100,000,000............................ 7.2 7.5 7.0 6.3 6.9

$100,000,000 to $250,000,000.......................... 8.7 8 .6 8.5 8 .1 10.7

$250,000,000 to $500,000,000.......................... 8 .2 7.8 8 .1 8 .8 1 2 .0

$500,000,000 to $1,000,000,000....................... 4.8 4.4 5.4 6 .0 5.7

$1,000,000,000 to $2,500,000,000................... 9.2 8.3 9.4 10.4 14.9

Over $2,500,000,000......................................... 8.7 7.1 8 .8 13.0 17.1

1 Less than .05 percent.

DEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
D e t a il e d T a b l e s : D is t r ib u t io n o f A cc o u n t s a n d D e p o sit s b y Siz e o f A c c o u n t , I n s u r e d M u t u a l Sa v in g s B a n k s

Table 56. D is t r ib u t io n o f A ccounts A ccording to Siz e , I n su r e d M u t u a l Sa v in g s B a n k s , Se p t e m b e r 19, 1951

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF

DEPOSITS, POPULATION OF CENTER, AND PERCENT OF DEPOSITS INSURED,* AND ACCOUNTS BY TYPE

Classification Number 

of banks

Number of accounts Percent of total accounts

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States............................................. 2 0 1 13,400,919 12,454,220 882,919 61,987 1,793 92.9% 6 .6 % •5% « %

FDIC District

District 1 .............................................. 2 0 344,047 331,045 11,237 1,711 54 96.2 3.3 .5 0 )

District 2 .............................................. 153 10,512,870 9,699,745 773,865 38,862 398 92.3 7.4 .3 C1)

District 3 .............................................. 1 0 1,563,690 1,488,789 58,409 15,455 1,037 95.2 3.7 1 .0 .1

District 4 .............................................. 6 483,358 466,136 13,689 3,256 277 96.4 2 .8 .7 .1

District 7.............................................. 6 57,185 55,026 1,865 267 27 96.2 3.3 .5 (x)

District 9 1 188,892 178,016 10,064 812 94.3 5.3 .4

District 12 .. 5 250,877 235,463 13,790 1,624 93.9 5.5 .6

State

Connecticut.......................................... 3 45,563 43,364 1,757 435 7 95.2 3.9 .9 C1)

Indiana.................................................. 3 28,404 26,927 1,279 174 24 94.8 4.5 .6 .1

Maine.................................................... 7 48,033 46,433 1,310 276 14 96.7 2.7 .6 w

Maryland.............................................. 6 483,358 466,136 13,689 3,256 277 96.4 2 .8 .7 .1

Minnesota.. ........................ 1 188,892 178,016 10,064 812 94.3 5.3 .4

New Jersey........................................... 23 784,715 750,345 28,748 5,350 272 95.6 3.7 .7 C1)

New York............................................. 130 9,728,155 8,949,400 745,117 33,512 126 92.0 7.7 .3 C1)

Ohio....................................................... 3 278,773 264,624 11,341 2,471 337 94.9 4.1 .9 .1

Oregon . . . . . . . . . 1 11,389 9,959 1,346 84 87.5 1 1 .8 .7

Pennsylvania........................................ 7 1,284,917 1,224,165 47,068 12,984 700 95.3 3.7 1 .0 0 )

Rhode Island........................................ 3 143,083 138,397 4,114 561 1 1 96.7 2.9 .4 C1)

Vermont................................................ 7 107,368 102,851 4,056 439 2 2 95.8 3.8 .4 (*)

Washington 4 239,488 225,504 12,444 1,540 94.2 5.2 .6

Wisconsin.............................................. 3 28,781 28,099 586 93 3 97.6 2 .1 .3 0 )

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with deposits of— $1 ,0 0 0 ,0 0 0 or less................. $1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 ,0 0 0 . . . 

$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 $250,000,000. . 

$250,000,000 to $500,000,000. . 

$500,000,000 to $1,000,000,000.

Banks in centers with population

in 1950 of—

500 to 1,000..........................................

1.000 to 2,500.......................................

2,500 to 5,000.......................................

5.000 to 10,000....................................

10.000 to 25,000...

25.000 to 50,000. . .

50.000 to 100,000..

100.000 to 250,000.

250.000 to 500,000.......

500.000 to 1,000,000.. . 

1,000,000 to 2,500,000.

2.500.000 and over. . . .

Banks with percent of deposits insured of—

90 to 99 percent...................................

80 to 89 percent...................................

Type of account

Individual, partnership, and corporation accounts:

Demand............................................

Savings and time..............................

Interbank accounts..............................

Government accounts..........................

Uninvested trust funds.......................

Drafts....................................................

Other items...........................................

2

109

12

26

29

1 0

19

13

134

54

449

5,967

84,224

244,805

813,036

1,221,918

2,026,233

4,290,598

2,755,715

1,957,974

7,853

63,003

59,776

118,267

334,446

610,024

343,386

793,008

970,710

1,441,787

1,199,065

7,459,594

13,183,332

217,587

69,011

12,890,400

28

1,776

1 ,2 0 0

144,598

293,906

415

5,753

80,019

232,988

766,608

1,153,114

1,895,876

4,031,080

2,508,069

1,780,298

7,473

56,553

54,918

112,128

315,501

575,156

322,878

744,610

922,834

1,357,523

1,145,247

6,839,399

12,243,156

211,064

68,655

11,945,6116

1,580

1,141

143,761

293,466

30

182

3,783

10,768

42,549

62,669

120,281

239,564

238,817

164,276

349

5,951

4,587

5,627

16,963

31,130

19,013

44,531

42,569

71,332

41,985

598,882

877,764

5,155

228

881,6517

6 6

33

710

224

4

27

403

1,040

3,753

5,978

9.782 

19,093

8.782 

13,125

31

498

268

492

1,938

3,632

1,458

3,808

5,190

12,283

11,185

21,204

60,829

1,158

109

61,5279

65

2 2

95

160

92.4 6.7 .9

5 96.4 3.1 .4 .1

19 95.0 4.5 .5 (x)

9 95.2 4.4 .4 C1)

126 94.3 5.2 .5 i1)

157 94.4 5.1 .5

«

294 93.6 5.9 .5 (x)

861 94.0 5.6 .4 C1)

47 91.0 8.7 .3

0

275 90.9 8.4 .7

0)

95.2 4.4 .4

1 89.8 9.4 .8 i1) 3 91.9 7.7 .4 0 )

2 0 94.8 4.8 .4 (r)

44 94.3 5.1 .6

0)

106 94.3 5.1 .6 C1)

37 94.0 5.6 .4 C1)

59 93.9 5.6 .5

0)

117 95.1 4.4 .5

0)

649 94.2 4.9 .9

0)

648 95.5 3.5 .9 .1

109 91.7 8 .0 .3 V)

1,583 92.9 6.7 .4 C1)

2 1 0 97.0 2.4 .5 .1

19 99.5 .3 .2 C1)

1,611 92.7 6 .8 .5

0)

6 21.4 25.0 32.2 21.4

65 89.0 3.7 3.7 3.6

4 95.1 2 .8 1 .8 .3

32 99.4 .5 .1 (*)

56 99.9 .1 C1)

0)

1 Less than .05 percent.

ACCOUNTS AND DEPOSITS IN INSURED MUTUAL SAVINGS BANKS 103

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 57. D i s t r i b u t i o n o f D e p o s i t s A c c o r d in g t o Siz e o f A c c o u n t , I n s u r e d M u t u a l S a v i n g s B a n k s , S e p t e m b e r 19, 1951

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF

DEPOSITS, p o p u l a t i o n o f c e n t e r , AND PERCENT OF DEPOSITS i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e

Classification

Deposits (in thousands) in accounts of— Percent of total deposits—

Total $5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

$5,000 

or less

$5,000

to

$1 0 ,0 0 0

$1 0 ,0 0 0

to

$25,000

More

than

$25,000

United States—total......................................... $15,112,642 $8,567,155 $5,689,847 $775,705 $79,935 56.7% 37.7% 5.1% •5%

FDIC District

District 1........................................................ 262,247 168,020 70,148 22,117 1,962 64.1 26.7 8.4 .8

District 2 ........................................................ 12,688,071 7,225,237 4,976,883 468,004 17,947 56.9 39.2 3.7 .2

District 3 ........................................................ 1,356,820 714,931 382,107 211,918 47,864 52.7 28.2 15.6 3.5

District 4 ........................................................ 364,573 218,445 90,604 44,799 10,725 59.9 24.9 12.3 2.9

District 7........................................................ 45,890 29,177 11,636 3,640 1,437 63.6 25.4 7.9 3.1

District 9 171,323 97,874 65,062 8,387 57.1 38.0 4.9

District 12 223,718 113,471 93,407 16,840 50.7 41.8 7.5

State

Connecticut.................................................... 40,559 22,946 11,777 5,598 238 56.6 29.0 13.8 .6

Indiana........................................................... 31,722 20,185 7,796 2,401 1,340 63.6 24.6 7.6 4.2

Maine.............................................................. 34,034 21,416 8,373 3,653 592 62.9 24.6 1 0 .8 1.7

Maryland........................................................ 364,573 218,445 90,604 44,799 10,725 59.9 24.9 12.3 2.9

Minnesota 171,323 97,874 65,062 8,387 57.1 38.0 4.9

New Jersey..................................................... 651,959 384,001 185,730 70,820 11,408 58.9 28.5 10.9 1.7

New York....................................................... 12,036,112 6,841,236 4,791,153 397,184 6,539 56.8 39.8 3.3 .1

Ohio................................................................. 247,470 122,354 72,702 33,818 18,596 49.4 29.4 13.7 7.5

Oregon . ... 18,390 9,307 8,235 848 50.6 44.8 4.6

Pennsylvania.................................................. 1,109,350 592,577 309,405 178,100 29,268 53.4 27.9 16.1 2 .6

Rhode Island.................................................. 99,002 65,719 25,616 7,297 370 66.4 25.9 7.4 .3

Vermont.......................................................... 88,652 57,939 24,382 5,569 762 65.4 27.5 6.3 .8

Washington . ................ 205,328 104,164 85,172 15,992 50.7 41.5 7.8

Wisconsin........................................................ 14,168 8,992 3,840 1,239 97 63.5 27.1 8.7 .7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with deposits of—

$1 ,0 0 0 ,0 0 0 or less...........................................

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 ..............................

$2,000,000 to $5,000,000..............................

$5,000,000 to $10,000,000............................

$10,000,000 to $25,000,000..........................

521

5,014

74,824

203,300

779,523

276

3,411

44,047

119,119

447,401

$25,000,000 to $50,000,000..........................

$50,000,000 to $100,000,000........................

$100,000,000 to $250,000,000......................

$250,000,000 to $500,000,000......................

$500,000,000 to $1,000,000,000...................

1,162,344

2,159,103

4,292,740

3,740,349

2,694,924

669,830

1,234,445

2,477,188

2,103,247

1,468,191

Banks in centers with population of—

500 to 1,000....................................................

1.000 to 2,500................................................

2,500 to 5,000.................................................

5.000 to 10,000...............................................

6,377

90,461

71,501

108,246

3,697

44,542

37,557

64,861

10.000 to 25,000............................................

25.000 to 50,000.............................................

50.000 to 100,000...........................................

100.000 to 250,000.........................................

312,645

564,076

350,199

783,300

173,584

307,267

203,630

438,884

250.000 to 500,000.........................................

500.000 to 1,000,000.....................................

1,000,000 to 2,500,000..................................

2.500.000 and over........................................

811,558

1,397,085

995,556

9,621,638

463,419

733,076

539,780

5,556,858

Banks with percent of deposits insured 

o f—

90 to 99 percent.............................................

80 to 89 percent.............................................

14,980,118

132,524

8,498,575

68,580

Type of account

Individual, partnership, and corporation 

accounts:

Demand......................................................

Savings and time.......................................

Interbank accounts.......................................

Government accounts...................................

Uninvested trust funds.................................

Drafts..............................................................

Other items............... .....................................

15,207

15,016,957

706

8,650

1,371

36,911

32,840

11,106

8,499,987

27

554

643

28,738

26,100

197

1,127

24,728

70,840

279,164

410,196

787,862

1,536,048

1,531,589

1,048,096

2,281

39,810

30,551

36,218

112,723

207,055

125,736

294,669

279,678

474,739

275,327

3,811,060

5,655,996

33,851

1,590

5,681,164

56

460

2 1 0

4,778

1,589

48 53.0 37.8 9.2

347 129 6 8 .0 22.5 6.9 2 .6

5,185 864 58.9 33.0 6.9 1 .2

12,839 502 58.6 34.8 6.3 .3

47,001 5,957 57.4 35.8 6 .0 .8

76,190 6,128 57.6 35.3 6 .6 .5

125,349 11,447 57.2 36.5 5.8 .5

236,572 42,932 57.7 35.8 5.5 1 .0

103,379 2,194 56.2 40.9 2 .8 .1

168,855 9,782 54.5 38.9 6.3 .3

399 58.0 35.8 6 .2

6,080 29 49.2 44.0 6.7 .1

3,279 114 52.5 42.7 4.6 .2

6,298 869 59.9 33.5 5.8 .8

24,703 1,635 55.5 36.1 7.9 .5

45,864 3,890 54.5 36.7 8 .1 .7

18,135 2,698 58.1 35.9 5.2 .8

47,649 2,098 56.0 37.6 6 .1 .3

62,347 6,114 57.1 34.5 7.7 .7

159,687 29,583 52.5 34.0 11.4 2 .1

153,331 27,118 54.2 27.7 15.4 2.7

247,933 5,787 57.7 39.6 2 .6 .1

759,818 65,729 56.7 37.8 5.1 .4

15,887 14,206 51.7 25.6 1 2 .0 10.7

1,678 833 73.0 10.5 1 1 .0 5.5

768,534 67,272 56.6 37.8 5.1 .5

144 479 3.8 7.9 20.4 67.9

1,076 6,560 6.4 5.3 12.4 75.9

347 171 46.9 15.3 25.3 12.5

1,424 1,971 77.9 12.9 3.9 5.3

2,502 2,649 79.5 4.8 7.6 8 .1

ACCOUNTS AND DEPOSITS IN INSURED MUTUAL SAVINGS BANKS 105

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 58. A cco u n ts F u l l y P r o t e c t e d an d D e po sits I n su red w it h Spe c if ie d A m o u n ts o f M a x im u m C o v e r a g e ,

I n su r e d C o m m erc ial B a n k s, Se p t e m b e r 19, 1951

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

D e t a i l e d T a b l e s : A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w i t h Sp e c i f i e d A m o u n t s o f C o v e r a g e

FDIC District and State

Number of accounts fully protected 

with maximum coverage of—

Percent of accounts 

fully protected with 

maximum coverage of—

Deposits (in thousands) insured 

with maximum coverage of—

Percent of deposits 

insured with 

maximum coverage of—

$5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000

United States and possessions. .. . 94,185,513 96,601,039 97,621,297 95.9% 98.4% 99.4% $65,510,154 $77,636,004 $91,405,831 42.2% 50.0% 58.8%

United States................................. 93,955,157 96,367,374 97,386,120 95.9 98.4 99.4 65,401,476 77,509,608 91,260,018 42.2 50.0 58.8

Possessions..................................... 230,356 233,665 235,177 97.6 99.0 99.6 108,678 126,396 145,813 44.1 51.3 59.1

FDIC District

District 1....................................... 5,216,235 5,327,547 5,376,367 96.4 98.5 99.4 3,247,134 3,842,417 4,577,042 42.2 50.0 59.5

District 2 ....................................... 13,795,269 14,170,172 14,344,559 95.3 97.9 99.1 10,496,729 12,686,086 15,627,331 28.3 34.2 42.2

District 3....................................... 12,723,933 13,041,241 13,163,368 96.2 98.6 99.5 8,774,176 10,239,200 11,851,672 46.3 54.0 62.5

District 4 ....................................... 7,249,470 7,384,279 7,442,269 97.0 98.8 99.5 4,098,736 4,787,239 5,588,493 47.2 55.1 64.3

District 5....................................... 4,663,613 4,768,019 4,816,224 96.3 98.5 99.5 2,897,372 3,446,094 4,072,241

5,623,371

48.0 57.1 67.5

District 6 ....................................... 6,199,766 6,341,277 6,401,401 96.3 98.5 99.4 4,057,970 4,785,327 45.0 53.0 62.3

District 7....................................... 8,995,978 9,239,039 9,323,586 96.1 98.7 99.6 6,519,035 7,535,860 8,548,983 52.7 60.9 69.1

District 8 ....................................... 7,819,717 8,076,637 8,182,972 94.9 98.0 99.3 6,353,811 7,603,817 8,974,385 41.0 49.1 57.9

District 9 ....................................... 3,049,787 3,139,674 3,172,815 95.7 98.5 99.5 2,453,655 2,847,683 3,234,033 55.6 64.6 73.3

District 10..................................... 3,998,602 4,106,510 4,157,725 95.6 98.1 99.4 2,951,387 3,537,721 4,182,323 46.6 55.8 6 6 .0

District 11..................................... 6,090,118 6,235,112 6,309,489 95.8 98.1 99.3 4,040,495 4,904,908 5,958,881 40.6 49.3 59.8

District 12..................................... 14,383,025 14,771,532 14,930,522 95.9 98.5 99.5 9,619,654 11,419,652 13,167,076 49.7 59.0 6 8 .0

State

Alabama........................................ 1,197,625 1,220,126 1,230,434 96.9 98.7 99.6 653,211 768,852 898,783 49.6 58.3 6 8 .2

Arizona.......... ............................... 348,001 357,513 361,800 95.7 98.3 99.5 249,507 298,477 346,633 51.6 61.7 71.7

Arkansas....................................... 662,347 677,216 684,048 96.3 98.5 99.5 430,676 509,074 597,043 53.8 63.6 74.6

California...................................... 11,088,190 11,381,231 11,502,752 96.0 98.5 99.6 7,080,320 8,448,535 9,750,151 48.8 58.2 67.2

Colorado........................................ 761,548 784,124 794,686 95.2 98.0 99.3 598,578 718,604 849,197 45.9 55.1 65.2

Connecticut.................................. 1,242,531 1,268,608 1,279,774 96.6 98.6 99.5 777,774 911,563 1,067,134 45.4 53.3 62.3

Delaware....................................... 243,084 248,980 252,148 95.7 98.0 99.3 175,778 2 1 1 ,6 6 6 255,813 35.2 42.3 51.2

District of Columbia................... 682,328 697,414 704,829 96.1 98.3 99.3 481,962 569,704 679,405 39.6 46.8 55.8

Florida........................................... 1,261,221 1,301,477 1,320,190 94.9 97.9 99.3 998,578 1,208,200 1,432,053 48.9 59.1 70.1

Georgia.......................................... 1,466,059 1,492,800 1,505,236 96.9 98.6 99.4 802,945 951,968 1,139,698 42.9 50.9 60.9

f e d e r a l d e p o s it in s u r a n c e c o r p o r a t i o n

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho............................................. 304,468 314,699 318,911 95.0 98.2

Illinois........................................... 6,130,608 6,336,830 6,422,487 94.7 97.9

Indiana.......................................... 2,421,846 2,485,900 2,510,534 96.0 98.5

Iowa............................................... 1,689,109 1,739,807 1,760,485 95.5 98.4

Kansas........................................... 1,102,149 1,131,454 1,145,089 95.7 98.2

Kentucky...................................... 1,275,908 1,303,469 1,314,857 96.6 98.7

Louisiana....................................... 1,301,431 1,326,536 1,338,909 96.6 98.5

Maine............................................ 540,292 549,503 553,166 97.4 99.0

Maryland...................................... 1,345,865 1,372,489 1,383,673 96.8 98.7

Massachusetts.............................. 2,286,490 2,338,310 2,364,021 95.9 98.1

Michigan....................................... 4,191,149 4,302,591 4,340,182 96.1 98.7

Minnesota..................................... 1,969,735 2,021,184 2,039,079 96.1 98.6

Mississippi.................................... 738,708 753,616 760,364 96.7 98.7

Missouri........................................ 2,681,522 2,748,028 2,776,089 96.0 98.3

Montana........................................ 351,953 364,671 370,427 94.4 97.8

Nebraska....................................... 810,415 837,267 849,759 94.7 97.9

Nevada.......................................... 117,030 121,585 123,480 94.1 97.8

New Hampshire........................... 237,947 242,630 244,698 96.8 98.7

New Jersey................................... 4,448,087 4,560,034 4,595,727 96.4 98.9

New Mexico.................................. 266,631 272,925 276,089 96.1 98.3

New York..................................... 8,927,502 9,182,626 9,317,194 94.6 97.3

North Carolina............................. 1,473,281 1,499,295 1,511,256 97.0 98.7

North Dakota.............................. 335,483 347,828 352,198 94.9 98.4

Ohio............................................... 5,441,935 5,580,935 5,632,240 96.1 98.6

Oklahoma...................................... 1,152,290 1,175,634 1,187,267 96.5 98.4

Oregon........................................... 978,658 1,010,003 1,021,728 95.3 98.3

Pennsylvania................................ 7,281,998 7,460,306 7,531,128 96.2 98.5

Rhode Island................................ 558,661 570,645 574,974 96.7 98.8

South Carolina............................. 612,702 625,064 631,001 96.6 98.5

South Dakota............................... 392,616 405,991 411,111 95.1 98.3

Tennessee...................................... 1,579,989 1,612,564 1,626,407 96.6 98.6

Texas............................................. 4,174,055 4,278,138 4,332,691 95.6 98.0

Utah............................................... 437,800 447,873 451,453 96.5 98.8

Vermont........................................ 350,314 357,851 359,734 97.2 99.3

Virginia.......................................... 2,114,351 2,151,653 2,166,246 97.3 99.0

Washington................................... 1,403,119 1,441,008 1,456,511 95.8 98.4

West Virginia................................ 1,020,943 1,038,364 1,045,264 97.3 99.0

Wisconsin...................................... 2,382,983 2,450,548 2,472,870 96.0 98.7

Wyoming....................................... 172,200 178,031 180,924 94.5 97.7

99.5 257,630 303,803 346,886 58.8 69.4 79.2

99.3 5,007,280 6,024,371 7,176,603 38.0 45.8 54.5

99.5 1,764,623 2,052,433 2,348,322 52.8 61.4 70.3

99.5 1,346,531 1,579,446 1,797,782 57.9 67.9 77.3

99.4 820,418 976,419 1,142,826 51.8 61.7 72.2

99.6 804,347 938,735 1,0C1,972 52.2 61.0 70.3

99.4 721,560 8 6 8 ,0 2 2 1,050,920 39.4 47.4 57.4

99.7 274,707 316,302 359,257 61.5 70.8 80.4

99.5 772,323 906,278 1,059,261 45.7 53.6 62.6

99.2 1,550,257 1,869,880 2,300,863 35.6 43.0 52.9

99.6 2,927,154 3,386,727 3,850,640 49.9 57.8 65.7

99.5 1,481,127 1,705,774 1,942,632 51.5 59.3 67.6

99.6 442,638 517,074 601,707 55.3 64.6 75.2

99.3 1,885,248 2,233,413 2,648,236 40.6 48.1 57.0

99.4 313,090 376,113 437,527 55.6 6 6 .8 77.7

99.3 690,617 832,047 980,122 50.2 60.5 71.3

99.3 100,219 121,225 142,183 51.1 61.8 72.5

99.6 135,364 159,074 184,659 56.3 6 6 .2 76.8

99.6 2,957,775 3,385,730 3,794,263 59.8 68.5 76.7

99.5 179,584 214,105 250,968 49.6 59.1 69.3

98.8 7,294,839 9,009,005 11,484,931 23.2 28.7 36.5

99.5 834,005 978,952 1,163,496 42.8 50.3 59.8

99.6 313,171 362,039 400,555 69.9 80.8 89.4

99.5 3,767,151 4,387,683 5,063,878 47.1 54.8 63.3

99.4 696,708 833,755 998,476 38.6 46.2 55.3

99.5 816,321 953,639 1,091,598 56.2 65.7 75.2

99.5 5,007,025 5,851,517 6,787,794 45.6 53.3 61.9

99.5 308,913 361,988 422,972 46.1 54.0 63.1

99.5 367,560 435,205 515,043 49.5 58.7 69.4

99.6 346,267 403,757 453,319 65.9 76.9 86.3

99.5 937,699 1,104,105 1,296,120 45.9 54.0 63.4

99.2 2,889,844 3,524,304 4,310,360 39.7 48.4 59.2

99.6 282,255 325,401 372,553 46.2 53.3 61.0

99.8 200,119 223,610 242,157 74.8 83.5 90.5

99.6 1,106,642 1,279,860 1,465,169 52.5 60.7 69.5

99.5 1,042,568 1,220,338 1,410,216 50.4 59.0 6 8 .2

99.6 536,244 617,240 706,119 54.9 63.1 72.2

99.6 1,827,258 2,096,700 2,350,021 57.5 6 6 .0 74.0

99.3 145,066 176,896 211,702 53.7 65.4 78.3

INSURANCE PROTECTION WITH SPECIFIED COVERAGE

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b le 59. A ccounts F ully P rotected and D eposits I nsured w ith Specified A mounts of M aximum C overage,

I nsured C ommercial Banks, September 19, 1951 o

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,

CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Classification

Number of accounts fully protected 

with maximum coverage of—

Percent of accounts 

fully protected with 

maximum coverage of—

Deposits (in thousands) insured 

with maximum coverage of—

Percent of deposits 

insured with 

maximum coverage of—

$5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000

All insured commercial banks. . . . 94,185,513 96,601,039 97,621,297 95.9% 98.5% 99.4% $65,510,154 $77,636,004 $91,405,831 42.2% 50.0% 58.8%

Banks with deposits of— 7,838 8,554 8,922 87.0 95.0 99.1 $250,000 or less.................................... 16,706 16,903 16,963 98.4 99.6 1 0 0 .0

$250,000 to $500,000........................... 287,732 292,171 293,475 97.9 99.5 99.9 153,534 169,343 180,135 83.0 91.5 97.3

$500,000 to $1,000,000........................ 1,791,344 1,827,460 1,838,765 97.3 99.2 99.9 1,116,376 1,248,369 1,339,036 79.8 89.2 95.7

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................... 5,300,860 5,423,409 5,466,150 96.8 99.0 99.8 3,513,077 3,994,346 4,362,587 75.0 85.3 93.2

$2,000,000 to $5,000,000.................... 14,014,934 14,357,586 14,484,396 96.5 98.8 99.7 9,392,913 10,809,432 12,011,116 69.7 80.2 89.2

$5,000,000 to $10,000,000.................. 12,749,683 13,053,381 13,169,851 96.5 98.8 99.6 8,340,976 9,660,421 10,893,499 64.0 74.1 83.6

$10,000,000 to $25,000,000................ 14,644,300 14,990,257 15,127,988 96.4 98.7 99.6 9,497,395 11,082,667 12,709,687

8,080,202

57.4 66.9 76.8

$25,000,000 to $50,000,000................ 8,421,986 8,637,754 8,727,745 96.0 98.4 99.5 5,866,755 6,916,658 50.4 59.4 69.4

$50,000,000 to $100,000,000.............. 6,448,621 6,613,540 6,687,859 95.7 98.2 99.3 4,506,080 5,404,122 6,519,471 40.7 48.9 58.9

$100,000,000 to $250,000,000............ 7,680,917 7,893,040 7,994,804 95.1 97.8 99.0 5,698,446 6,960,489 8,653,270 32.1 39.2 48.8

$250,000,000 to $500,000,000............ 5,773,576 5,945,049 6,025,006 94.8 97.6 98.9 4,514,256 5,534,780 6,916,750

4,812,245

29.9 36.7 45.9

$500,000,000 to $1,000,000,000......... 3,212,314 3,335,748 3,393,773 93.5 97.1 98.7 3,148,509 3,863,581 28.5 35.0 43.5

$1,000,000,000 to $2,500,000,000___ 6,063,021 6,271,315 6,372,626 93.8 97.1 98.6 5,302,910

4,451,089

6,611,704

5,371,538

8,472,735 21.4 26.7 34.2

Over $2,500,000,000............................ 7,779,519 7,943,426 8,021,896 96.4 98.4 99.4 6,446,176 30.3 36.6 43.9

Banks in centers with population in 1950 of— 471,002 64.5 73.7 80.7 Less than 250....................................... 503,373 517,202 521,645 96.2 98.9 99.7 376,412 429,696

250 to 500............................................. 1,378,483 1,413,791 1,425,355 96.5 99.0 99.8 981,396 1,112,694 1,203,579 77.2 87.5 94.6

500 to 1,000.......................................... 3,078,599 3,158,360 3,185,950 96.4 98.9 99.8 2,206,420 2,515,700 2,744,025 74.8 85.3 93.1

1,000 to 2,500....................................... 6,878,317 7,051,073 7,113,908 96.4 98.9 99.7 4,791,537 5,490,915 6,047,500 72.3 82.9 91.3

2,500 to 5,000....................................... 6,144,844 6,297,606 6,355,613 96.4 98.8 99.7 4,171,111 4,821,690 5,395,612 67.4 77.9 87.2

5,000 to 10,000..................................... 7,935,988 8,128,999 8,202,581 96.4 98.8 99.7 5,261,474 6,086,817 6,844,043 64.9 75.1 84.4

10,000 to 25,000................................... 10,384,366 10,629,849 10,727,698 96.4 98.7 99.6 6,725,144 7,839,459 8,941,043 59.6 69.5 79.2

25,000 to 50,000................................... 7,629,114 7,811,976 7,885,012 96.3 98.6 99.5 5,001,939 5,847,105 6,731,143 55.5 64.8 74.6

50,000 to 100,000................................. 7,143,703 7,307,784 7,375,875 96.3 98.6 99.5 4,590,603 5,400,116 6,328,287 49.3 58.0 67.9

100,000 to 250,000............................... 9,217,026 9,431,423 9,525,004 96.1 98.4 99.4 5,943,358 7,078,869 8,467,948 39.9 47.6 56.9

250,000 to 500,000............................... 7,136,400 7,324,435 7,406,213 95.6 98.1 99.2 5,159,285 6,175,763 7,445,592 37.4 44.8 54.0

500,000 to 1,000,000........................... 15,772,014 16,168,232 16,340,888 95.9 98.3 99.4 10,230,861 12,294,696 14,683,632 37.7 45.3 54.1

1,000,000 to 2,500,000........................ 4,069,008 4,196,060 4,251,743 94.9 97.9 99.2 3,339,708 4,012,671 4,835,348 35.8 43.0 51.8

2,500,000 and over.............................. 6,914,278 7,164,249 7,303,812 93.0 96.4 98.2 6,730,906 8,529,813 11,267,077 19.3 24.5 32.3

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with percent of deposits 

insured of— 1

1 0 0 percent...........................................

90 to 99 percent...................................

80 to 89 percent...................................

70 to 79 percent...................................

60 to 69 percent...................................

50 to 59 percent...................................

40 to 49 percent...................................

30 to 39 percent...................................

20 to 29 percent...................................

10 to 19 percent...................................

0 to 9 percent.......................................

Class of bank

National, members F. R. System___

State, members F. R. System............

Not members F. R. System...............

Type of account

Individual, partnership, and corporation accounts:

Demand.............................................

Savings and time..............................

Interbank accounts..............................

Government accounts..........................

Uninvested trust funds.......................

Drafts....................................................

Other items...........................................

268 27,522 893,925 1 0 0 .0 1 0 0 .0 1 0 0 .0 75 14,568 613,577 1 0 0 .0 1 0 0 .0 1 0 0 .0

666,359 6,339,935 19,974,807 98.4 99.3 99.8 340,380 4,428,586 16,112,016 91.9 93.2 94.5

6,336,956 17,674,046 22,087,675 97.3 99.0 99.7 3,975,880 13,072,845 18,493,560 83.5 84.5 85.1

16,546,789 19,220,642 23,512,172 96.8 98.8 99.6 10,874,130 14,398,374 19,069,590 74.4 75.0 73.3

18,906,876 22,227,644 10,971,183 96.4 98.6 99.4 12,501,090 15,944,009 10,761,621 65.0 64.3 64.8

22,575,178 10,987,367 7,116,722 96.2 98.3 99.2 14,420,703 9,205,030 7,248,288 54.4 55.2 54.8

11,735,880 6,811,270 6,203,969 95.6 98.0 98.8 8,460,315 5,577,830 7,328,078 45.2 45.5 45.1

7,650,511 6,773,136 4,965,805 95.4 97.2 98.4 5,481,101 6,726,695 7,125,244 34.0 35.6 34.0

5,942,404 4,902,058 1,292,826 93.8 96.6 97.0 5,211,605 5,433,655 2,515,147 24.9 25.4 25.6

3,288,025 1,541,248 595,086 92.0 92.8 93.7 3,331,044 2,542,010 2,057,586 15.9 14.5 17.4

536,267 96,171 7,127 83.5 83.6 74.6 913,831 292,402 81,124 6.9 6 .6 6 .6

51,070,340 52,387,154 52,963,825 95.8 98.3 99.3 35,540,223 42,403,977 50,443,845 39.5 47.1 56.1

21,508,822 22,103,158 22,364,129 95.4 98.1 99.2 16,007,440 19,186,920 23,093,039 36.3 43.5 52.3

21,606,351 22,110,727 22,293,343 96.6 98.9 99.7 13,962,491 16,045,107 17,868,947 65.7 75.5 84.0

41,812,909 42,962,001 43,638,402 94.9 97.5 99.1 33,740,082 41,407,765 51,039,063 38.0 46.6 57.4

45,140,817 46,307,906 46,562,402 96.9 99.4 99.9 28,529,345 31,612,804 33,084,952 83.0 92.0 96.2

30,414 41,402 60,396 24.5 33.3 48.6 514,581 958,527 2,049,700 3.8 7.1 15.1

197,972 227,232 256,240 65.4 75.1 84.7 797,018 1,239,584 2,117,499 6.3 9.7 16.7

691,783 716,791 735,529 92.4 95.8 98.3 662,810 873,080 1,173,371 28.1 37.1 49.8

649,758 662,776 673,475 95.2 97.1 98.6 373,642 502,271 705,631 29.4 39.5 55.4

5,661,860 5,682,931 5,694,853 99.3 99.6 99.9 892,676 1,041,973 1,235,615 39.5 46.1 54.7

1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 61, p. 112.

INSURANCE PROTECTION WITH SPECIFIED COVERAGE

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b le 60. A c c o u n t s F u l l y P r o t e c t e d an d D e p o s its In s u r e d w it h S p e c ifie d A m ou n ts o f M axim u m C o v e r a g e ,

I n s u r e d M u t u a l S a v in g s B a n k s, S e p te m b e r 19, 1951

b a n k s g r o u p e d b y f e d e r a l d e p o s it i n s u r a n c e c o r p o r a t io n d i s t r i c t , s t a t e , a m o u n t o f d e p o s i t ,

p o p u l a t i o n o f c e n t e r i n w h i c h l o c a t e d , a n d p e r c e n t o f d e p o s it s i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e

Classification

Number of accounts fully protected 

with maximum coverage of—

Percent of accounts 

fully protected with 

maximum coverage of— 1

Deposits (in thousands) insured 

with maximum coverage of—

Percent of deposits 

insured with 

maximum coverage of— 1

$5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000

United States..................................... 12,454,220 13,337,139 13,399,126 92.9% 99.5% 100.0% $13,300,650 $14,894,802 $15,077,532 88.0% 98.6% 99.8%

FDIC District

District 1.............................................. 331,045 342,282 343,993 96.2 99.5 1 0 0 .0 233,030 255,818 261,635 88.9 97.5 99.8

District 2 .............................................. 9,699,745 10,473,610 10,512,472 92.3 99.6 1 0 0 .0 11,290,862 12,594,720 12,680,074 89.0 99.3 1 0 0 .0

District 3 .............................................. 1,488,789 1,547,198 1,562,653

483,081

95.2 98.9 99.9 1,089,436 1,261,958 1,334,881 80.3 93.0 98.4

District 4 .............................................. 466,136 479,825 96.4 99.3 99.9 304,555 344,379 360,773 83.5 94.5 99.0

District 7 ............................................... 55,026 56,891 57,158 96.2 99.5 1 0 0 .0 39,972 43,753 45,128 87.1 95.3 98.3

District 9 ............................................... 178,016 188,080 188,892 94.3 99.6 1 0 0 .0 152,254 171,056 171,323 88.9 99.8 1 0 0 .0

District 12............................................ 235,463 249,253 250,877 93.9 99.4 1 0 0 .0 190,541 223,118 223,718 85.2 99.7 1 0 0 .0

State

Connecticut.......................................... 43,364 45,121 45,556 95.2 99.0 1 0 0 .0 33,941 39,143 40,496 83.7 96.5 99.8

Indiana.................................................. 26,927 28,206 28,380 94.8 99.3 99.9 27,570 29,961 30,982 86.9 94.4 97.7

Maine.................................................... 46,433 47,743 48,019 96.7 99.4 1 0 0 .0 29,416 32,689 33,792 86.4 96.0 99.3

Maryland.............................................. 466,136 479,825 483,081 96.4 99.3 99.9 304,555 344,379 360,773 83.5 94.5 99.0

Minnesota............................................. 178,016 188,080 188,892 94.2 99.6 1 0 0 .0 152,254 171,056 171,323 88.9 99.8 1 0 0 .0

New Jersey........................................... 750,345 779,093 784,443 95.6 99.3 1 0 0 .0 555,851 625,951 647,351 85.3 96.0 99.3

New York............................................. 8,949,400 9,694,517 9,728,029 92.0 99.7 1 0 0 .0 10,735,011 11,968,769 12,032,723 89.2 99.4 1 0 0 .0

Ohio....................................................... 264,624 275,965 278,436 94.9 99.0 99.9 193,099 223,136 237,299 78.0 90.2 95.9

Oregon................................................... 9,959 11,305 11,389 87.4 99.3 1 0 0 .0 16,457 18,382 18,390 89.5 1 0 0 .0 1 0 0 .0

Pennsylvania........................................ 1,224,165 1,271,233 1,284,217 95.3 98.9 99.9 896,337 1,038,822 1,097,582 80.8 93.6 98.9

Rhode Island........................................ 138,397 142,511 143,072 96.7 99.6 1 0 0 .0 89,149 97,055 98,907 90.0 98.0 99.9

Vermont................................................ 102,851 106,907 107,346 95.8 99.6 1 0 0 .0 80,524 86,931 88,440 90.8 98.1 99.8

Washington........................................... 225,504 237,948 239,488 94.2 99.4 1 0 0 .0 174,084 204,736 205,328 84.8 99.7 1 0 0 .0

Wisconsin.............................................. 28,099 28,685 28,778 97.6 99.7 1 0 0 .0 12,402 13,792 14,146 87.5 97.3 99.8

Banks with deposits of—

$ 85.6 98.5 1 0 0 .0 1 ,0 0 0 ,0 0 0 or less................................. 415 445 449 92.4 99.1 1 0 0 .0 446 513 521

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 .................... 5,753 5,935 5,962 96.4 99.5 99.9 4,481 4,858

72,995

5,010 89.4 96.9 99.9

$2,000,000 to $5,000,000.................... 80,019 83,802 84,205 95.0 99.5 1 0 0 .0 65,072 74,435 87.0 97.6 99.5

$5,000,000 to $10,000,000.................. 232,988 243,756 244,796 95.2 99.6 1 0 0 .0 178,204 200,449 203,023 87.7 98.6 99.9

$10,000,000 to $25,000,000................ 766,608 809,157 812,910 94.3 99.5 1 0 0 .0 679,541 765,355 776,716 87.2 98.2 99.6

$25,000,000 to $50,000,000................ 1,153,114 1,215,783 1,221,761 94.4 99.5 1 0 0 .0 1,013,850 1,141,376 1,160,141 87.2 98.2 99.8

$50,000,000 to $100,000,000.............. 1,895,876 2,016,157 2,025,939

4,289,737

93.6 99.5 1 0 0 .0 1,886,230

3,774,778

2,123,067 2,155,006

4,271,333

87.4 98.3 99.8

$100,000,000 to $250,000,000............ 4,031,080 4,270,644 94.0 99.5 1 0 0 .0 4,212,776 87.9 98.1 99.5

$250,000,000 to $500,000,000............ 2,508,069 2,746,886 2,755,668 91.0 99.7 1 0 0 .0 3,341,477 3,723,126 3,739,330

2,692,017

89.3 99.5 1 0 0 .0

$500,000,000 to $1,000,000,000 1,780,298 1,944,574 1,957,699 90.9 99.3 1 0 0 .0 2,356,571 2,650,287 87.4 98.3 1 0 0 .0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks in centers

lation in 1950 of500 to 1,000..................

1.000 to 2,500...............

2,500 to 5,000...............

5.000 to 10,000.............

10.000 to 25,000...

25.000 to 50,000...,

50.000 to 100,000..

100.000 to 250,000.

with popu250.000 to 500,000.......

500.000 to 1,000,000.. . 

1,000,000 to 2,500,000.

2.500.000 and ov er.. . .

Banks with percent of deposits

insured of—2

1 0 0 percent...........................................

90 to 99 percent...................................

80 to 89 percent...................................

70 to 79 percent...................................

Type of account

Individual, partnership, and corporation accounts:

Demand.............................................

Savings and time.............................

Interbank accounts..............................

Government accounts.........................

Uninvested trust funds.......................

Drafts....................................................

Other items...........................................

7,473 7,822 7,853 95.2 99.6 1 0 0 .0 5,597 6,288 6,377 87.8 98.6 1 0 0 .0

56,553 62,504 63,002 89.8 99.2 1 0 0 .0 76,792 89,342 90,457 84.9 98.8 1 0 0 .0

54,918 59,505 59,773 91.9 99.5 1 0 0 .0 61,847 70,818 71,462 86.5 99.0 99.9

112,128 117,755 118,247 94.8 99.6 1 0 0 .0 95,556 106,199 107,877 88.3 98.1 99.7

315,501 332,464 334,402 94.3 99.4 1 0 0 .0 268,309 306,127 312,110 85.8 97.9 99.8

575,156 606,286 609,918 94.3 99.4 1 0 0 .0 481,607 551,702 562,836 85.4 97.8 99.8

322,878 341,891 343,349 94.0 99.6 1 0 0 .0 306,170 344,316 348,426 87.4 98.3 99.5

744,610 789,141 792,949 93.9 99.5 1 0 0 .0 680,874 772,223 782,677 86.9 98.6 99.9

922,834 965,403 970,593 95.1 99.5 1 0 0 .0 702,799 796,167 808,369 8 6 .6 98.1 99.6

1,357,523 1,428,855 1,441,138 94.2 99.1 1 0 0 .0 1,154,396 1,337,135 1,383,727 82.6 95.7 99.0

1,145,247 1,187,232 1,198,417 95.5 99.0 99.9 808,870 933,437 984,638 81.2 93.8 98.9

6,839,399 7,438,281 7,459,485 91.7 99.7 1 0 0 .0 8,657,833 9,581,048 9,618,576 90.0 99.6 1 0 0 .0

3,270,562 1 0 0 .0 3,657,491 1 0 0 .0

4,670,850 13,120,920 10,128,564 93.7 99.5 1 0 0 .0 4,898,176 14,778,691 11,420,041 91.5 98.7 99.7

7,119,814 216,219 92.3 99.4 7,899,385 116,111 86.7 87.6

663,556 94.7 503,089 77.1

68,655 68,883 68,992 99.5 99.8 1 0 0 .0 1 2 ,8 8 6 13,976 14,849 84.7 91.9 97.6

11,945,611 12,827,262 12,888,789 92.7 99.5 1 0 0 .0 13,223,932 14,812,531 14,989,960 8 8 .1 98.6 99.8

6 13 2 2 21.4 46.4 78.6 137 233 377 19.4 33.0 53.4

1,580 1,646 1,711 89.0 92.7 96.3 1,534 2,314 3,715 17.7 26.8 42.9

1,141 1,174 1,196 95.1 97.8 99.7 938 1,113 1,300 68.4 81.2 94.8

143,761 144,471 144,566 99.4 99.9 1 0 0 .0 32,923 34,786 35,740 89.2 94.2 96.8

293,466 293,690 293,850 99.9 99.9 1 0 0 .0 28,300 29,849 31,591 8 6 .2 90.9 96.2

1 Because of rounding to tenths of 1 percent, percentages shown as 100.0 may represent either complete coverage or a coverage of 99.95 percent or more.

2 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 61, p. 112.

INSURANCE PROTECTION WITH SPECIFIED COVERAGE

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 61. D i s t r ib u t io n o f In s u r e d B a n k s g r o u p e d b y P e r c e n t a g e o f D e p o s its 

I n s u r e d u n d e r S p e c ifie d A m ou n ts o f M axim um C o v e r a g e , S e p te m b e r, 19, 1951

Percent of deposits insured

Number of banks grouped by percent of 

deposits insured with maximum coverage of—

Percentage of banks grouped by percent of 

deposits insured with maximum coverage of—

$5,000 $1 0 ,0 0 0 $25,000 $5,000 $1 0 ,0 0 0 $25,000

All insured banks............................................................................................... 13,652 13,652 13,652 100.0% 100.0% 100.0%

Banks with percent of deposits insured of—

1 0 0 percent...................................................................................................... 2 41 916 0 )

.3 6.7

90 to 99 percent.............................................................................................. 483 3,273 6,847 3.5 24.0 50.2

80 to 89 percent.............................................................................................. 2,864 4,784 3,529 2 1 .0 35.0 25.8

70 to 79 percent............................................................................................. 4,372 3,113 1,414 32.0 2 2 .8 10.4

60 to 69 percent.............................................................................................. 3,331 1,426 490 24.4 10.4 3.6

50 to 59 percent.............................................................................................. 1,580 526 223 1 1 .6 3.9 1 .6

40 to 49 percent............................................................................................. 566 235 119 4.2 1.7 .9

30 to 39 percent.............................................................................................. 246 143 74 1 .8 1 .1 .5

20 to 29 percent.............................................................................................. 138 76 29 1 .0 .6 .2

10 to 19 percent.............................................................................................. 57 31 9 .4 .2 .1

Less than 10 percent...................................................................................... 13 4 2 .1 ( 0 C1)

Insured commercial banks.......................................................................... 13,451 13,451 13,451 100.0 100.0 100.0

Banks with percent of deposits insured of—

1 0 0 percent.................................................................................................. 2 41 821 0 )

.3 6 .1

90 to 99 percent.......................................................................................... 425 3,075 6,741 3.2 22.9 50.1

80 to 89 percent.......................................................................................... 2,730 4,781 3,529 20.3 35.5 26.2

70 to 79 percent.......................................................................................... 4,363 3,113 1,414 32.4 23.2 10.5

60 to 69 percent.......................................................................................... 3,331 1,426 490 24.8 1 0 .6 3.6

50 to 59 percent, . . , ...................................................................... 1,580 526 223 1 1 .8 3.9 1.7

40 to 49 percent.......................................................................................... 566 235 119 4.2 1.7 .9

30 to 39 percent.......................................................................................... 246 143 74 1 .8 1 .1 .6

138 76 29 1 .0 .6 .2

10 to 19 percent.......................................................................................... 57 31 9 .4 .2 .1

13 4 2 .1 C1) 0 )

Insured mutual savings banks................................................................... 201 201 201 100.0 100.0 100.0

Banks with percent of deposits insured of—

1 0 0 percent .............. ................................... 95 47.3

58 198 106 28.9 98.5 52.7

80 to 89 percent . . . ........................... 134 3 66.7 1.5

70 to 79 percent . . . . ........................... 9 4.4

1 Less than .05 percent.

112 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
INSTRUCTIONS FOR SUMMARY OF DEPOSITS 113

INSTRUCTIONS FOR PREPARATION OF SU M M AR Y OF DEPOSITS,

FORM 89— CALL NO. 6

AT THE CLOSE OF BUSINESS ON SEPTEMBER 19, 1951

G e n e r a l I n stru c tio n s

Each bank operating a branch or branches is requested to submit only one report,

a combined report for the bank as a whole including deposits of all domestic branches

but excluding deposits of foreign branches. Do not include interbranch deposits

(amounts due to branches and head office) in making this 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.

N u m b e r of A ccounts an d A m o u n t of D epo sit s

All deposit liabilities of the bank should be included at items 1 through 7 of this

statement even though some of these deposits may be: (a) permissible exclusions or

deductions for assessment purposes in preparing certified statements; or, (b) excluded

from deposits for report of condition purposes (as defined for items 13 to 19 of the

following reports of condition: Form 2130-A for national banks; Form 105 for State

banks members of the Federal Reserve System; and Form 64 for State banks not

members of the Federal Reserve System). For the purpose of this report include all

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 or redeposited in other banks.

The deposit classifications correspond with the usual ledger and condition report

items, with the exception of:

Item 5, “ Trust funds,” which is found only in banks having trust powers and

which is computed from the records 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 deposited in any other bank. 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 6, “ Outstanding bank drafts,” which is to be determined by the bank

as of September 19, 1951. Include outstanding drafts drawn on a correspondent

or a Federal Reserve bank, other than those issued for purposes of the bank’s

own transactions (i.e., for transfer of funds from one correspondent bank to

another, payment of expense items, or purchase of securities for the bank’s own

portfolio); and

Item 7, “ All other deposits,” which will include letters of credit issued for

cash; certified, officers’ and travelers’ checks outstanding; 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.

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

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. Report at the various subitems for each

type of deposit and for the total at item 8 the following:

Subitem (a) the number of accounts with balances of $5,000 or less;

Subitem (b) the number of accounts with balances of $5,000.01 to $10,000.00;

Subitem (c) the number of accounts with balances of $10,000.01 to $25,000.00;

Subitem (d) the number of accounts with balances of $25,000.01 or more;

Subitem (e) the total number of deposit accounts;

Subitem (f) the sum of balances in accounts of $5,000.00 or less;

Subitem (g) the sum of the entire balance in all accounts of $5,000.01 to $10,000.00;

Subitem (h) the sum of the entire balance in all accounts of $10,000.01 to $25,000.00;

Subitem (i) the sum of the entire balance in all accounts of $25,000.01 or more; and

Subitem (j) the total amount of deposit balances.

The entire amount of an account should be included under the appropriate subitem.

For example, the entire $7,493.65 of an account of $7,493.65 should be placed in

subitem (g) headed “$5,000.01 to $10,000.00.” Do not enter $5,000.00 in subitem (f)

headed “$5,000.00 or less” and $2,493.65 in subitem (g) headed “$5,000.01 to

$10,000.00.” Only those accounts the entire balance of which does not exceed $5,000.00

should be included in subitem (f) headed “$5,000.00 or less.”

For the purposes of this report, kindly note that:

Accounts should not be combined. Each account 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 cash, outstanding draft, certified and officer’s check. However,

all travelers’ checks outstanding in the same name should be combined and reported as one account.

R e c o n c il ia t io n w it h D e po sits fo r R e p o r t of C o n d itio n P u rposes

Include at item 9 of this section total deposits of the bank as of September 19, 1951,

as shown at item 8j of the preceding section.

Report against the appropriate classifications of item 10 the deposit liabilities of

the bank which would not be included with deposits for report of condition purposes

(Form 2130-A for national banks; Form 105 for State banks members of the Federal

Reserve System; and Form 64 for State banks not members of the Federal Reserve

System). It is assumed that items 10(a), 10(b), and 10(c) will account for all, or nearly

all, differences between deposits shown in items 1 through 7 and those for report of

condition purposes. However, if there are any such differences not included with

items 10(a), 10(b), and 10(c), they should be reported at item 10(d) and itemized.

Item 10(a), “ Reciprocal portion of demand bank deposits.” Reciprocal

interbank deposits arise when two banks maintain deposit accounts with each

other; i.e., each bank has both a “due from” and a “ due to” account with the

other bank. In preparing reports of condition, reciprocal demand deposits due

to banks in the United States, except private banks and American branches of

foreign banks, are reported “net,” i.e., the reciprocal portion is excluded. In this

report the reciprocal portion of such deposits must be reported at item 10(a);

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INSTRUCTIONS FOR SUMMARY OF DEPOSITS 115

this is in effect an offset to item 4 of this report where all deposits due to banks

(including reciprocal accounts) must be reported “gross.” Therefore, if Bank A

has a demand deposit of $1,000,000 with Bank B, and Bank B has a demand

deposit of $200,000 with Bank A, the reciprocal portion is $200,000 and must

be reported at item 10(a) of this form.

Deduct item 10(e) from item 9 to arrive at item 11 which should equal total deposit

liabilities as defined for report of condition purposes.

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

FDIC Form 8£-Call No. 6 DUPLICATE

Bank may retain this copy

Form 89, Summary of Deposits, is required to ascertain the Corporation’s liability in insuring bank deposits (see accompanying instructions 

for an explanation of bank deposits for the purpose of this report).

Include all deposit liabilities of the bank at items 1 through 7 of this report even though some of these deposits may be: (a) permissible exclusions or deductions for assessment purposes in preparing certified statements; or, (b) excluded from deposits for report of condition purposes.'

SUMMARY OF DEPOSITS OF_______________ ____________________________________________________________

(Legal title of bank)

of___________________________ _________________ _ AT THE CLOSE OF BUSINESS ON SEPTEMBER 19, »51.

(City) (P. 0. Zone No.) (State)

_______________ FDIC Certificate No_______________

TYPE OF DEPOSIT SIZE OP ACCOUNT NUMBER OF ACCOUNTS AMOUNT OP DEPOSITS

1. Demand deposits of individuals, partnerships, and 

corporations (exclude trust funds of own trust 

department)

DOLLARS CTS.

f ,

$5,000.01 to $10,000.00.._„ h

$10,000.01 to $25,000.00_ c...... .... ........ h.. .

$25,000.01 or more._____ d i

Total............... e j

2. Savings and time deposits of individuals, partnerships, and corporations (exclude trust funds of own 

trust department)

$B,000.00 nr Ipss a................... f

$5,000.01 to $10,000.00..... 

$10,000.01 to $25,000.00

h

h ......

$25,000.01 or more._____ d i

Total............... e j

3. Deposits of U. S. Government and of States and 

political subdivisions (include postal savings)

$5,00000 or ....... f . .

$5,000.01 to $10,000.00..

$10,000.01 to $25,000.00

h g..................

h..........

$25,000.01 or more...._... d i

e j

4. 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)

$5,000.00 or l w .... . a............. ....... f.........

$5,000.01 to $10,000.00.._.. 

$10,000.01 to $25,000.00 c____________________

K.........

h..........

$25,000.01 or more„.... d

Total............... e j

5. Trust funds as recorded in own trust department 

(i.e., all trust funds held in cash in the trust department, deposited in own banking department, 

or deposited in other banks)

$5,000.00 or less.-------

$5,000.01 to $10,000.00..

$10,000.01 to $25,000.00....

a._........... ....... f . ,

c............ .......

g.........

h..._.......

.....

$25,000.01 or more...... d i

Total............... e i

6. Outstanding bank drafts

$5,000.00 or less._______ a___...________ _______ f.........

$5,000.01 to $10,000.00._„ 

$10,000.01 to $25,000.00

b

h..........

$25,000.01 or more,.- — d i

Total....... ..... _... e j

7. All other deposits

$6,000.00 or less.. ___ f . ,

$5,000.01 to $10,000.00 h ................. . g________ __

$10,000.01 to $25,000,00.... 

$25,000.01 or more_— . d

h..........

i

Total..... ......... e j

8. Total deposits (total of items 1 through 7)

$ 5,0^0,0ft nr a...... ............. f.........

$5,000.01 to $10,000.00__ b ................. . g..................

$10,000.01 to $25,000.00 h

$25,000.01 or more.... d i

Total_______ _______ e j

RECONCILIATION WITH DEPOSITS FOR REPORT OF CONDITION PURPOSES*

9. Total deposits as of September 19,1951 as shown at item 8j above------------------------ ---------$ — --------------- . 10. Less deposits as of September 19,1951 not included with deposit liabilities as defined for report of condition 

purposes:

(a) Reciprocal portion of demand bank deposits-------------------- I------------------------

(b) Trust funds held in cash in own trust department or deposited in other

banka (exclude trust funds of own trust department deposited in

own bank)_________________________ ____ _____________ ■ ■ ■— -------------

(c) Outstanding bank drafts not included with deposits for report of

condition purposes.------------------------------------- ------------------------

(d) Any other deposits included in item 8 above but not included with

deposits for report of condition purposes*-------------------- ------------------------

(e) Total (total of items 10(a) through 10(d))--------------------------- ------------- ------- ■■■»■ > ■■ .. .. .. , ■ 11. Total deposit liabilities as defined for report of condition purposes* (item 9 minus item 10(e) )............

« As defined for items 13 to 19 of the following reports of condition: Form 2130-A for national banks; Form 105 for State bank3 members of the 

Federal Reserve System; and Form 64 for State banks not members of the Federal Reserve System.

• Itemize the types of these deposits on the reverse side of this form.

The above statement is correct to the beet of m y knowledge and belief............ ..... ................................

(Name and title of officer)

(Signature of above officer)

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Federal Reserve Bank of St. Louis
PART FOUR

LEGISLATION

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STATE BANKING LEGISLATION

In 1951 the legislatures of forty-four States held regular sessions and fourteen of

these legislatures held special sessions. The legislatures of two other States held

special sessions.

This summary includes the more important State banking legislation enacted in 1951.

SUPERVISORY AUTHORITY

Authorization to require of banks current financial statements of specified borrowers . .

.............................................................................................................................Arizona (Ch. 137)

Approval of branch office..............................................................................Tennessee (Ch. 97)

Authorization to certify particular security as legal investment. . California (Ch. 480)

Control of common stock assessments................................................... California (Ch. 534)

Bank advisory board.....................................................................................Delaware (Ch. 259)

Matters to be considered in acting on application for charter. . . .Georgia (Act 214)

Examination fees..............................................Maine (Ch. 406); Massachusetts (Ch. 566);

Minnesota (Ch. 309); Missouri (S.B. 218); Texas (Ch. 139); Utah (H.B. 94)

Application fees...............................................................................................Minnesota (Ch. 67)

Assessments on national banks operating trust departments. . . . California (Ch. 489)

Report of earnings and dividends to banking department.. . Michigan (Acts 133, 236)

Private banks to be subject to State bank laws and supervision of State banking

department........................................................................................................Michigan (Act 1)

Check cashers.............................................................................................. New Jersey (Ch. 187)

Salaries of supervisory authority, deputy and examiners..................Missouri (S.B. 218)

ORGANIZATION AND CHARTER CHANGES

Authorization for national banks to become State banks by conversion, merger, or

consolidation...................................................................................California (Chs. 364, 501);

Colorado (Ch. 93); Connecticut (Act 87); Florida (Ch. 26540); Idaho (Ch. 71);

Maryland (Ch. 20); Minnesota (Ch. 99); Missouri (H.B. 424); Nebraska (Ch. 11);

New Hampshire (Ch. 182); New Jersey (Ch. 41); New York (Ch. 830); Ohio (S.B.

236); Oklahoma (H.B. 61); Oregon (Ch. 338); Tennessee (Ch 193); Utah (S B. 65)

Authorization for national banks to convert into State banks. . . .New Mexico (Ch. 37)

Authorization for national banks to merge or consolidate with a State bank...........

.....................................................................................Nevada (Ch. 213); Vermont (Ch. 184)

Authorization for State banks to become national banks by merger or consolidation

as provided by Federal law...........................................................................................................

California (Ch. 364); Colorado (Ch. 93); Florida (Ch. 26540); Idaho (Ch. 71);

Maine (Ch. 242); Maryland (Ch. 20); Minnesota (Ch. 99); Nebraska (Ch. 13); New

Hampshire (Ch. 182); New Jersey (Ch. 41); New Mexico (Ch. 37); New York

(Ch. 830); North Carolina (Ch. 1129); Ohio (S.B. 23G); Oregon (Ch. 338);

Pennsylvania (Act 26); Tennessee (Ch. 193); Utah (S.B. 65); Vermont (Ch. 184)

119

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120 FEDERAL DEPOSIT INSURANCE CORPORATION

ORGANIZATION AND CHARTER CHANGES— Continued

Authorization for State banks to become national banks by conversion:

(a) as provided by Federal law.........................................................California (Ch. 364);

Colorado (Ch. 93); Connecticut (Act 87); Florida (Ch. 26540); Maryland

(Ch. 20); Missouri (H.B. 424); New Jersey (Ch. 41); New York (Ch. 830);

Oregon (Ch. 338); Pennsylvania (Act 26); Utah (S.B. 65); Vermont (Ch. 184);

(b) with approval of holders of two-thirds of stock................Idaho (Ch. 71); Maine

(Ch. 242); Minnesota (Ch. 99); Nebraska (Ch. 13); New Hampshire (Ch. 182);

New Mexico (Ch. 37); North Carolina (Ch. 1129); Tennessee (Ch. 193);

(c) with provision for dissenting shareholders......................................................................

................................. Connecticut (Act 87— “unless otherwise required by Federal

law” ); Idaho (Ch. 71); Maine (Ch. 242); Minnesota (Ch. 99); Nebraska (Ch.

13); New Hampshire (Ch. 182); New Mexico (Ch. 37); Tennessee (Ch. 193)

Merger and consolidation.........California (Ch. 1190); Missouri (H.B. 405, 424, 426)

Sale of assets. . . .Missouri (H.B. 405, 426); New Mexico (Ch. 37); Oregon (Ch. 42)

Issuance of stock by banks without stock.............................................California (Ch. 377)

Industrial banks................................................................................................. Colorado (Ch. 91)

Branch offices and agencies................................................................................................................

......................................Pennsylvania (Act 163); Tennessee (Ch. 97); Utah (H.B. 93)

Prohibitition against branch banks not applicable to facility authorized by U. S.

Treasury Department..................................................................................Colorado (Ch. 89)

Modification of branch requirement of $1 million capital and surplus to permit a

bank with $500,000 to open two branches in place of main office and a bank with

$250,000 to open two limited branches in adjoining towns without a banking

office...........................................................................................................Connecticut (Act 140)

Change of location of banking office........................................................ New York (Ch. 93)

Names of banks and trust companies................................................ Pennsylvania (Act 22)

Issuance of capital stock for property other than money......................... Iowa (Ch. 183)

g e n e r a l o p e r a t in g pr o v isio n s

Limitations on letters of credit................................................................. California (Ch. 534)

Withholding of money or property belonging to a decedent..........California (Ch. 845)

Computation of earnings.................................................................New York (Chs. 376, 377)

Transfer of earnings to surplus before dividends.......................................................................

.................................................................................Nebraska (Ch. .10); New York (Ch. 591)

Rental of safe deposit boxes...................... Arizona (Ch. 127); South Carolina (Act 521)

Limitation on action on claims inconsistent with entries on bank’s records...........

....................................Montana (Ch. 77); Nebraska (Ch. 13); Pennsylvania (Act 165)

Retention and destruction of records..................................Florida (Ch. 26733); Montana

(Ch. 77); New Mexico (Ch. 33); North Carolina (Ch. 166); Pennsylvania (Act 165)

Admission in evidence of photographs or microphotographs of bank records...........

.........................................................................................................................................Florida (Ch.

26734); Kansas (Ch. 124); Montana (Ch. 77); New Mexico (Ch. 33); North Carolina

(Ch. 166); Pennsylvania (Act 165); Vermont (Ch. 187); Wisconsin (Ch. 39)

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STATE BANKING LEGISLATION 121

Joint deposits. . . Arizona (Ch. 129); South Dakota (Ch. 13); Washington (Ch. 18)

Limitation on deposits of banks with depositaries....................................................................

..................................................................................... New York (Ch. 703); Oregon (Ch. 18)

Deposit of and security for public funds...........................Alabama (Act 741); California

(Chs. 437, 1190); Illinois (H.B. 552); Kansas (Ch. 449); New York (Ch. 289);

Pennsylvania (Acts 47, 152, 186); Rhode Island (Ch. 2730); West Virginia (Ch. 157)

Investment of sinking funds and township funds in deposits insured by Federal

Deposit Insurance Corporation authorized.......................Pennsylvania (Acts 47, 186)

Limitation on action on claim inconsistent with entries on bank’s records...........

................................. Montana (Ch. 77); Nebraska (Ch. 13); Pennsylvania (Act 165)

Recognition of rights of depositors in occupied countries...........California (Ch. 534)

Withholding of money or property belonging to a decedent...........California (Ch. 845)

Adverse claims to deposits or other property need not be recognized by a bank until

served with court process or order thereon........................................ Maryland (Ch. 79)

Escheat...................... Maryland (Ch. 417); Michigan (Act 161); New Jersey (Ch. 192)

Payment by savings banks of different rates of interest, bonuses, and benefits based

on different classifications of depositors........................................... Minnesota (Ch. 411)

Repeal of limitation on deposits in savings banks or departments in excess of $10,000

in three years............................................................................................Connecticut (Act 41)

Increase of maximum deposit in a savings bank of any person to $10,000................

. .New York (Ch. 592); Oregon (Ch. 40— and to maximum of $12,500 by dividends)

l o a n s

Financial statements of borrowers required for unsecured loans. . . .Arizona (Ch. 137)

Real estate loans..................................................................................................................Colorado

(Ch. 92); Connecticut (Act 345); Massachusetts (Chs. 23, 103); New Jersey (Ch. 165)

Noninsured renovation and improvement loans up to $2,500 authorized....................

................................ ...................................................................................... Connecticut (Act 55)

Maximum maturity of residential and farm construction mortgage loans increased

from six to twelve months................................................................. Connecticut (Act 253)

Instalment loans...................................................................................., ...........Indiana (Ch. 159)

Instalment sales financing............................................................................Michigan (Act 171)

INVESTMENTS

In bank premises............................................................................................California (Ch. 457)

Limitations on alterations and improvements as well as acquisition of bank premises

..........................................................................................................Connecticut (Acts 182, 196)

In parking accommodations for customers of bank or trust company...............................

......................................Maryland (Ch. 80); Ohio (H.B. 160); Pennsylvania (Act 163)

By savings banks. . . . California (Ch. 480); Indiana (Chs. 144, 209); Maine (Chs. 97,

101); New Hampshire (Ch. 201); New Jersey (Chs. 167, 186); New York (Chs.

481, 558); Ohio (H.B. 373); Pennsylvania (Act 160); Rhode Island (Ch. 2825)

Limitations on purchases of investment securities.................................Georgia (Act 213)

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122 FEDERAL DEPOSIT INSURANCE CORPORATION

RESERVES

Reserves equal to 10 percent of deposits, less secured public funds, for commercial

banks, and 5 percent for savings banks, to be maintained in cash or on deposit in

reserve depository, with Superintendent authorized to double such percentages

for banks not members of Federal Reserve System....................Arizona (Ch. 109)

Reserve requirements up to those of Federal Reserve System may be imposed by

Superintendent of Banks...............................California (Ch. 549); Minnesota (Ch. 66)

TRUST ACTIVITIES

Investments of fiduciaries.............................................................................Alabama (Act 763)

Investment trusts expressly included in prudent man investment rule.............................

............................................................................................. Kansas (Ch. 209); Maine (Ch. 24)

Uniform fiduciary A ct.....................................................Arizona (Ch. 139); Utah (H.B. 52)

Common trust funds............................................................................................................................

. .Kansas (Ch. 123); Maine (Ch. 358); New Jersey (Ch. 46); Oklahoma (H.B. 355)

Common trust fund exempt from tax and income of participants subject to income

tax.......................................................................................Oregon (Ch. 120); Utah (H.B. 53)

Limitation on investment in common trust fund increased............................Connecticut

(Act 71— to $100,000 of any trust); Georgia (Act 322— to $150,000 of any estate

or lesser amount prescribed by Board of Governors of the Federal Reserve System)

Investment of fiduciary funds in mortgages acquired by commercial or banking

department for future trust investment authorized................Delaware (Ch. 226)

Corporation resulting from merger or consolidation authorized to act in same fiduciary

capacities as merged corporations........................................................ Delaware (Ch. 349)

Uniform Trusts A ct................................................................................. New Mexico (Ch. 193)

Registration in name of nominee of any investment held by fiduciary bank or trust

company................................................. Kansas (Ch. 122); Massachusetts (Ch. 76— or

by trustee appointed by, or accountable to, probate court); Wisconsin (Ch. 315)

Registration or transfer of securities to or by fiduciaries or their nominees................

.............................................................................................................................. Kansas (Ch. 217)

Minimum balance on which fiduciary trust company must allow interest after 60

days from receipt, increased from $100 to $1,000.........................New York (Ch. 349)

Notice on settlement of accounts of trustee of common trust fund....................................

......................................................................................................................New York (Ch. 2140)

Waiver of security requirements for trust deposits to extent insured by Federal

Deposit Insurance Corporation....................................................................Oregon (Ch. 19)

CHECKS AND COLLECTIONS

Payment, certification, or acceptance of check or other negotiable instrument after

banking hours or on legal holiday.................................................................Iowa (Ch. 197)

Deferred posting and delayed returns act....................................................................................

Montana (Ch. 19); New Jersey (Ch. 88); Tennessee (Ch. 96); Washington (Ch. 23)

Time limit on stop-payment orders on checks......................................Oregon (Ch. 16-six

months); South Carolina (Act 546-one year); South Dakota (Ch. 14-one year)

Authority to refuse payment of checks one year after date. . South Carolina (Act 520)

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STATE BANKING LEGISLATION 123

DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES

Loans to corporations in which bank officer is officer, director, or stockholder or to

partnership in which bank officer is partner....................................California (Ch. 456)

Limitations on plans for retirement benefits, disability benefits, or life insurance for

savings bank officers and employees. . . .Connecticut (Act 35); New York (Ch. 672)

Examination by three directors, certified public accountants, or clearinghouse examiners..............................................................................................................Colorado (Ch. 90)

Powers of trust committee of directors and officers....................... New Jersey (Ch. 124)

Savings bank officers required to report to trustees each month every loan in excess

of $20,000 or 1/10 of 1 percent of surplus and undivided profits....................................

........................................................................................................................ New York (Ch. 397)

Permitted amount of group insurance on life of an officer or employee of savings

bank increased to $10,000..................................................................... New York (Ch. 624)

Duties of loan committee................................................................. North Carolina (Ch. 167)

HOLIDAYS

Saturday holiday...................................................................................................................................

..Delaware (Ch. 49); Florida (H.B. 743-Palm Beach County); Maine (Ch. 215)

Saturday or Monday holiday............................................................................. Ohio (S.B. 164)

Five-day week..............................................................Kansas (Ch. 125); Vermont (Ch. 186)

Banks may determine any day holiday by notice near front door. .Nebraska (Ch. 204)

Bank holiday in event of public calamities authorized. . . . Pennsylvania (Act 167)

Transactions of bank after banking hours and on any legal holiday legalized. . . .

......................................Iowa (Ch. 197); Nebraska (Ch. 204); Pennsylvania (Act 167)

TAXATION

Income tax................................................................................................ Arizona (Chs. 106, 114)

Taxation of State and national banks on same basis.................................Georgia (Act 5)

Common trust funds exempted from tax and income participants subject to ta x .. . .

............................................................................................. Oregon (Ch. 120); Utah (H.B. 53)

LIQUIDATION

Stockholders’ liability................................................................................... California (Ch. 378)

Possession by Superintendent....................................................................California (Ch. 381)

Proofs of claim and limitation on actions.............................................New York (Ch. 719)

MISCELLANEOUS

Assignment of accounts receivable........................................................ California (Ch. 1280)

Escheat of unclaimed property..........................California (Ch. 1708); Kansas (Ch. 121)

Uniform Trust Receipts A ct.......................................................................Florida (Ch. 26730)

Community Currency Exchanges.......................................................Illinois (H.B. 436, 437)

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PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

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to

o

N u m b e r , O f f i c e s , a n d D e p o s i t s o f O p e r a t i n g B a n k s

Table 101. Changes in number and classification of operating banks and branches in the United 

States and possessions during 1951

Table 102. Number of operating banks and branches, December 31, 1951

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

of office

Table 103. Number and deposits of operating banks, December 31, 1951

Banks grouped according to insurance status and by district and State

The line of demarcation between banks and other types of financial

institutions is not always clear. In these tables provision of deposit

facilities for the general public is the chief criterion. 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.

The tabulations for all banks and trust companies shown here and

in Tables 104-106 are prepared in accordance with an agreement

among the Federal bank supervisory agencies. The data are tabulated

from individual reports of assets and liabilities of the banks included.

Institutions included are classified in three groups: commercial and

stock savings banks, nondeposit trust companies, and mutual savings

banks. However, the second category does not apply to insured banks.

FEDERAL DEPOSIT INSURANCE CORPORATION

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Com m ercial and stock savings banks include the following

categories of banking institutions:

National banks;

Incorporated State banks, trust companies, and bank and trust

companies, regularly engaged in the business of receiving deposits,

whether demand or time, except mutual savings banks;

Stock savings banks, including guaranty savings banks in New

Hampshire;

Industrial and Morris Plan banks which operate under general

banking codes, or are specifically authorized by law to accept deposits and in practice do so, or the obligations of which are regarded

as deposits for deposit insurance;

Special types of banks of deposit: cash depositories in South

Carolina; cooperative exchanges in Arkansas; savings and loan

companies operating under Superior Court charters in Georgia;

government operated banks in American Samoa, North Dakota,

and Puerto Rico; a cooperative bank, usually classified as a credit

union, operating under a special charter in New Hampshire; two

savings institutions, known as “trust companies,” operating under

special charters in Texas; employes’ mutual banking associations in

Pennsylvania; and the Savings Banks Trust Company in New York.

Private banks under State supervision, and such other private

banks as are reported by reliable unofficial sources to be engaged

in deposit banking;

Branches of foreign banks which engage in a general deposit

business in the continental United States or in the possessions.

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.

M utual 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. toNUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b l e 1 0 1 . C h a n g e s i n N u m b e r a n d C l a s s i f i c a t i o n o f O p e r a t i n g B a n k s a n d B r a n c h e s

i n t h e U n i t e d S t a t e s a n d P o s s e s s io n s d u r i n g 1951

All banks Commercial and stock savings banks 

and nondeposit trust companies Mutual savings banks

Insured Noninsured

Type of change

Total In­ Non­ Total

Members F. R. 

System Not

Banks 

of deposit

Nondeposit

trust

companies

Total In­ Nonsured insured insured Total

National State

bers 

F. R.

System

sured1

BANKS

Number of banks, December 31, 1951....................................... 14,661

14,693

-32

13,657

13,640

+ 17

53

1,004

1,053

-49

14,132 T13,455 4,939

4,958

1,898 6,618

6,576

612 65 529 2 0 2 327

Number of banks, December 30, 1950....................................... 14,164

-32

13,446 1,912

-14

653 65 529 194 335

Net change during year .............. ................................... + 9 

52

-19 + 42 

41

-41 + 8 - 8

Banks beginning operations................................................ 65 1 2 64 9 2 9 3 1 1

New banks . .......... 60 51 9 60 51 9 2 40 7 2

Other additions to operating banks2 . .......... 5 2 3 4 1 1 2 1 1 1

Banks ceasing operations..................................................... 97 76 2 1 96 76 29 14 33 17 3 1 1

Suspended banks not reopened or succeeded 3 3 3 3

Merged with financial aid of FDIC—net decrease 2 2 2 2 1 1

Mergers, consolidations, and absorptions (without FDIC 

aid)— net decrease............................................................... 79 70 9 78 *70 26 14 30 6 2 1 1

Other liquidations3. . . . . . . . . .......... 13 4 9 13 4 2 2 8 1

Noninsured banks becom ing insured. . . . ................. + 40

+ 7 

+ 31 

+ 2

-40 + 33 + 2 + 31 -33 + 7 -7

Successions to noninsured banks -7 + 7

+ 24

+ 7

+ 24

-7

Admissions to insurance, operating banks4 ................. -31 -24 + 7 -7

Admissions to F. R. System. . . . . . . ............ - 2 + 2 + 2

-4

-2

Other changes in classification + 1

+ 2

- 1

+ 3 

National banks succeeding state banks -2

State bank succeeding national bank.......... ............ + 1

Admissions to F R. System + 6 

- 1 0

- 6

Withdrawals from F. R. System.............. . . . . + 10 

2

Changes not involving num ber in any class:

Successions ....................................................................... 2 2 2 2

Changes in title, location, or name of location...................

Change in corporate powers

135

6

127

6

8 126

6

123

6

11 19 93

6

2 1 9 4 5

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BRANCHES

Number of branches, December 31, 1951. 

Number of branches, December 30, 1950.

Net change during year.

Branches opened for business...................................

Facilities provided as agents of the government5....

Absorbed banks converted into branches..................

Branches replacing banks relocated or placed in liquidation

Other branches opened.................................................

Branches not previously included6 .............................

Branches discontinued................................................

Other changes in classification am ong branches..........

Branches of noninsured banks admitted to insurance.......

Branches of noninsured banks admitted to F. R. System. 

Facilities transferred as result of absorption or succession. 

Branches transferred as result of absorption or succession.

Changes not involving num ber in any class:

Branches transferred as result of absorption or succession.

Sale of branch to another bank............................................

Change in title, location, or name of location....................

Change in powers...................................................................

ALL BANKING OFFICES

Number of offices, December 31, 1951. 

Number of offices, December 30, 1950.

Net change during year......................

Offices opened.

Banks.............

Branches........

Offices closed.

Banks...........

Branches. . . .

Changes in classification.

Among banks....................

Among branches...............

5,494

5,158

5,322

4,984

172

174

5,264

4,945

5,157

4,832

2,370

2,230

1,467

1,359

1,320

1,243

106

1 1 2

1

1

230

213

165

152

65

61

+ 336 +338 - 2 + 319 + 325 + 140 + 108 + 77 - 6 + 17 + 13 + 4 

360 345 15 342 334 165 97 72 8 18 11 7

39 37 2 39 37 33 2 2 2

59 58 1 58 58 23 25 10 1 1

5 5 5 5 1 4

254 243 11 237 232 107 69 56 5 17 11 6

3 2 1 3 2 1 1 1

24 23 1 23 23 15 6 2 1 1

+ 16 

+ 5 

+ 11

-16 + 14

+ 3 

+ 11

- 1 0 + 17 + 7

+ 3

-14 + 2 

+ 2

_ 2

-5 -3 - 2

- 1 1 + 11 - 1 1

- 1 + 1

+ 3

2

-9 + 6 

12 1 2 12 12 7 3

1 1 1 1 1

179 177 2 172 171 52 80 39 1 7 6 1

1 1 1 1 1

20,155

19,851

18,979

18,624

1,176

1,227

19,396

19,109

18,612

18,278

7,309

7,188

3,365

3,271

7,938

7,819

718

765

6 6

6 6

759

742

367

346

392

396

+ 304 + 355

398

53

-51 + 287

406

64

+ 334

386

52

+ 12 1

174

9

+94

99

2

+ 119

113

41

-47 + 17

19

1

+ 21

12

1

-4

425

65

27

1 2

17

9

3

3

7

360 345 15 342 334 165 97 72 8 18 11 7

121 99 2 2 119 99 44 2 0 35 17 3 2 2

97 76 2 1 96 76 29 14 33 17 3 1 1

24 23 1 23 23 15 6 2 1 1

+ 56 

+ 40 

+ 16

-56 + 47

+ 33 

+ 14

-9 + 15 

- 2

+41

+ 34 

+ 7

-47 + 9 -9

-40 + 1 

- 1 0

-33 + 7 

+ 2

-7

-16 + 17 -14 - 2

1 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1951, and December 30, 1950.

2 Includes 3 financial institutions becoming banks of deposit, and 2 noninsured institutions (1 bank of deposit and 1 nondeposit trust company) previously in operation but 

not included in count as of December 30, 1950.

3 Includes 1 bank placed in liquidation in 1950, but included in count as of December 30, 1950. Also includes 2 noninsured banks replaced by branches of insured nonmember 

banks.

4 Banks in operation at beginning of year. Five of these had been insured from January 1 to July 1, 1934, under the temporary insurance plan then in operation. LNJ

5 Facilities established in or near military installations at request of the Treasury or the Commanding Officer of the installation. In addition to the facilities opened during cO 

1951, 2 offices formerly operated as branches were designated as facilities.

6 These 3 branches opened prior to beginning of year but were not included in count as of December 30, 1950.

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b le 102. N umber of Operating Banks and B ranches, D ecember 31, 1951

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BAN K, AND B Y STATE AND TYPE OF OFFICE

All banks Commercial and stock savings banks 

and nondeposit trust companies Mutual savings banks

Insured banks 

as percentages of 

banks of deposit1

Insured Noninsured

State and type of bank or office

Total Insured Noninsured Total

Total

Members F. R. 

System Not

mem­ Banks

Nondeposit Total Insured2

Noninsured

All

banks 

of deposit

CommercialMutual

savings

National State

bers 

F. R.

System

of deposittrust

companies

banks banks

United States and possessions........ 20,155

14,661

18,979

13,657

12,21*3

1A U

5,322

18,920

1,176

1,004

19,396

14,132

18,612

13,455

7,309

4,939

3,365

1,898

7,938

6,618

718

612

6 6

65

759

529

36?

'2 0 2

392

327

94.5

93.6

96.3

95.6

48.4

38.2

13,161*

1,1*97

921 12,758 12,116 1*,533 1,668 5,915 578 61* 1*06 127 279 93.5 95.1* 31.3

83 1,371* 1,339 1*06 230 703 31* 1 123 .75 1*8 91*.5 97.5 61.0

5,494

20,003

172 5,264 5,157 2,370 1,467 1,320 106 1 230 16^ 65 96.9 98.0 71.7

United States....................................... 1,083 19,244 18,553 7,309 3,365 7,879 630 61 759 367 392 94.9 96.7 48.4

All banks........................................... 14,618

13,131*

1,1*81*

5,385

152

13,641

12,231*

1,1*07

977 14,089 13,439 4,939 1,898 6,602 590 60 529 2 0 2 327 93.7 95.8 38.2

Unit banks ................................. 900 12,728

1,361

12,107 1*,533 1,668 5,906 562 59 1*06 127 279 93.6 95.6 31.3

Banks operating branches............... 77 1,332 1*06 230 696 28 1 123 75 1*8 91.9 97.9 61.0

Branches............................................. 5,279

59

106 5,155 5,114 2,370 1,467 1,277 40 1 230 165 65 98.0 99.2 71.7

Possessions 93 152 59 59 8 8 5 40.1 40.1

b&nks 43 16 27 43 16 16 2 2 5 42.1 42.1

Unit banks 30 9 21 30 9 9 16 5 36.0 36.0

Banks opcvatinQ bvanchcs 13

109

7 6 13 7 7 6 53.8 53.8

Branches 43 6 6 109 43 43 66 39.4 39.4

State

Alabama 254 254 254 254 97 24 133 1 0 0 .0 1 0 0 .0

All banks 226 226 226 226 70 23 133 1 0 0 .0 1 0 0 .0

Unit banks 219 219 219 219 61*

6

22 133 100.0 100.0

Banks opcvatinQ bvanchcs 7 7 7 7 1 100.0 100.0

Branches 28 28 28 28 27 1 1 0 0 .0 1 0 0 .0

Arizona 81 79 2 81 79 48 7 24 2 1 0 0 .0 1 0 0 .0

All banks 13 1 2 1 13 12 3 2 7 1 1 0 0 .0 1 0 0 .0

Unit banks 6 6 6 6 1 1 U 100.0 100.0

Banks opcvatinQ bvanchcs 7 6 1 7 6 2 1 3 1 100,0 100.0

Branches 6 8 67 1 6 8 67 45 5 17 1 1 0 0 .0 1 0 0 .0

Arkansas 251 245 6 251 245 54 16 175 5 1 98.0 98.0

All banks 230 224 6 230 224 52 16 156 5 1 97.8 97.8

Unit banks 211 205 6 211 205 50 16 139 5 1 97.6 97.6

Banks opcvatinQ bvanchcs 19 19 19 19 2 17 100.0 100.0

Branches 2 1 2 1 21 21 2 19 1 0 0 .0 1 0 0 .0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
California..............................

All banks.............................

Unit banks.......................

Banks operating branches

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

C olorado................................

All banks.............................

Unit banks.......................

Banks operating branches

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

C onnecticut..........................

All banks.............................

Unit banks.......................

Banks operating branches

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

Delaware................................

All banks.............................

Unit banks.......................

Banks operating branches

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

District of C olum bia..........

All banks.............................

Unit banks.......................

Banks operating branches

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

Florida....................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Georgia..................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Id ah o......................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Illinois....................................

All banks.............................

Unit banks.......................

Banks operating branches.

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

1,193 12 1,205 1,193 8 8 6

190 11 2 0 1 190 93

11*1 10 151 1U1 71*

1*9

1 50 1*9 19

1,0031 1,004 1,003 793

151 1 0 161 151 80

147 1 0 157 147 77

11*3 10 153 11*3 71*

U h U

3

4 443

159 95 172 154 75

98 8 6 1 1 2 94 48

79 81 91* 76 39

19 5 18 18 9

61 9 60 60 27

58 5 60 58 11

35 3 36 35 11

27 1 27 27 11

8 2

9

8

23

2 24 23

6 6 6 6 6 6 34

19 19 19 9 U h A 1

15 15 15 8

47 47 47 25

213 4 217 213 70

204 4 208 204 63

195

U 199 195 56

9 9 9 7 9 9 9 7

384 67 451 384 82

337 6 6 403 337 51

318 65 383 318 U1

19 1 20 19 10

47

1 48 47 31

99 1 1 0 0 99 62

41

1 42 41 13

32

1 33 328

9

9

9

5

58 58 58 49

884 13 897 884 388

882 13 895 882 386

880 13 893 880 381* 2 2 2 2 2 2 2 2

1,205

2 0 1

151

50

1,004

161

157

153U4

254

184

160

21*

70

63

38

28

10

25

6 6

19U

15

47

217

208

19999

451

403

383

20

48

1 0 0

42

339

58

897

895

89322

183

26

15

11

157

16

16

16

41

1596

26

144U

1 0

1862U

1 2

11

11

11

25

15

105

1 0

14

1 0824

126

126

126

124

71

52

19

53

55

54 

5311

38

31

33

2 0

16U

13

14413

1 0

132

130

128

277

271

267u6

23

18

16

370

370

370

32111

1 0

1 0

10

999

17

17

17

111

82

72

666

1 032111

5431177

6 8

635932111

2111222

222

67

6 6

6511111

1 0

10

10

333

99.7

99.0 

99.3

98.0

99.9

93.8

93.6

93.5

100.0

1 0 0 .0

62.8

53.6 

1*9.7

79.2

87.1

92.1

92.1 

96.1*

80.0

92.0

1 0 0 .0 I0 0 .U

100.0

100.0

100.0

99.1

99.0

99.0

100.0

100.0

85.1

83.6

83.0

95.0

97.9

99.0

97.6

97.0

100.0

100.0

98.9

98.9

98.9

100.0

100.0

99.7

99.0 

99.3

98.0

99.9

93.8

93.6

93.5

100.0

1 0 0 .0

90.1

84.7

81.7

100.0

1 0 0 .0

96.7

97.2 

100.0

88.9

95.8

1 0 0 .0

1 0 0 .0

100.0

100.0

1 0 0 .0

99.1

99.0

99.0

100.0

1 0 0 .0

85.1

83.6

83.0

95.0

97.9

99.0

97.6

97.0

100.0

1 0 0 .0

98.9

98.9

98.9

100.0

1 0 0 .0

6 .1

5.6

1*.5

16.7

1 0 .0

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T ab le 102. N u m b e r o f O p e r a tin g B a n k s an d B r a n c h e s , D e c e m b e r 31, 1951— Continued

g r o u pe d a c c o r d in g to in s u r a n c e statu s an d class of b a n k , an d b y sta te an d t y p e of office

All banks Commercial and stock savings banks 

and nondeposit trust companies Mutual savings banks

Insured banks 

as percentages of 

banks of deposit1

Insured Noninsured

State and type of bank or office

Total Insured Noninsured Total

Total

Members F. R. 

System Not

mem­ Banks

Nondeposit Total Insured2

Noninsured

All 

banks 

of deposit

CommercialMutual

savings

National State

bers 

F. R.

System

of deposit

trust

companies

banks banks

Indiana.................................................. 606 594 12 602 591 168 133 290 10 1 4 3 1 98.2

97.9

97.9

98.U

99.2

92.8

98.3

98.1

98.1

98.U

99.2

92.8

75.0

75.0

75.0

485 474 11 481 471 125 1 1 2 234 9 1 4 3 1

U22 U12

62

10 U18

63

U09

62

107 107 195 8 1 4 3 I

Banks operating branches............... 63 1 18 5 39 1

Branches............................................. 1 2 1 1 2 0 1 1 2 1 1 2 0 43 2 1 56 1

Iowa........................................................ 826 766 60 826 766 97 63 606 59 1

All banks............................................. 663 606 57 663 606 97 63 446 56 1 91.5 91.5

Unit banks...................................... 5U2 U88 5U 51+2 U88 97 63 328 53 1 90.2

97.5

98.2

77.2

90.2

97.5

98.2

77.2

Banks operating branches............... 121 118 3 121 118 118 3

Branches............................................. 163 160 3 163 160 160 3

Kansas................................................... 609 470 139 609 470 176 41 253 139

All banks............................................. 607 468 139 607 468 174 41 253 139 77.1 77.1

Unit banks....................................... 605 1+66 139 605 U66 172 U 253 139 77.0 77.0

Banks operating branches............... 2 2 2 2 2 100.0

1 0 0 .0

100.0

1 0 0 .0

95.6

Branches............................................. 2 2 2 2 2

Kentucky.............................................. 434 412 22 434 412 116 31 265 19 3 95.6

All banks.................................... 383 361 2 2 383 361 93 2 1 247 19 3 95.0 95.0

Unit banks...................................... 357 335 22 357 335 89 16 230 19 3 91+.6

100.0

1 0 0 .0

99.6

91>.6

100.0

1 0 0 .0

99.6

Banks operating branches............... 26 26 26 26 u 5 17

"Branches.......... .................. 51 51 51 51 23 10 18

Louisiana.............................................. 249 248 1 249 248 78 21 149 1

All banks............................................. 166 165 1 166 165 36 11 118 1 99.4

99.2

100.0

99.4

99.2

100.0

Unit banks...................................... 126 125 1 126 125 25 6 9U

2U

1

Banks operating branches............... U0 UO uo uo 11 5

Branches............................................. 83 83 83 83 42 10 31 1 0 0 .0

73.4

64.2 

61.8

. 70.U

84.6

1 0 0 .0

86.3

85.7 

92.1

76.0

8 6 .8

Maine..................................................... 173 127 46 139 120 42 35 43 19 34 7 27

25

23

2

20.6

21.9

23.3

All banks............................................. 95 61 34 63 54 32

26

6 16

7

9 32

30

2

7

Unit banks...................................... 68 U2 26 38 35 2 3 7

Banks operating branches.............. 27 19 8 25 19 6 u 9 6

Branches............................................. 78 6 6 12 76 66 10 29 27 10 2 2

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
M aryland...............................

All banks.............................

Unit banks.......................

Banks operating branches

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

M assachusetts.....................

All banks.............................

Unit banks.......................

Banks operating branches,

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

M ichigan...............................

All banks.............................

Unit banks.......................

Banks operating branches

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

M innesota.............................

All banks.............................

Unit banks.......................

Banks operating branches, 

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

Mississippi............................

All banks.............................

Unit banks.......................

Banks operating branches

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

Missouri.................................

All banks.............................

Unit banks.......................

Banks operating branches

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

M ontana................................

All banks.............................

Unit banks.......................

Banks operating branches, 

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

Nebraska................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Nevada....................................

All banks.............................

Unit banks.......................

Banks operating branches

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

314

6 294 291 80

164 5 160 158 59

125

A 12 k. 123 52

39

1 36 35 7

150

1 134 133 2 1

361 246 370 361 212

173 195 180 173 115

120 156 126 120 92

53 39 51, 53 23

188 51 190 188 97

664 28 692 664 169

414 21 435 414 78

3U9 18 367 31,9 6U

65 3 68 65

U

250

7 257 250 91

670 17 686 669 184

664 17 680 663 178

662 17 678 661 176 2 2 2 2 6 6 6 6

269

4 273 269 29

198 4 2 0 2 198 24

160

U 16 k 160 23

38 38 38

1

71 71 71

5

576 24 600 576 80

575 24 599 575 79

57 U 21, 598 57 U 78

1 1 1 1

1 1 1 1

110 110 110 39

1 1 0 110 1 1 0 39

110 110 110 39

369 49 418 369 125

367 49 416 367 123

365 h 9 4U 365 121

2 2 2 2

2 2

2

2

29 29 29 20

8 8

8

5

3 3 3

2

5 5 5 3

2 1 21 21 15

320

169

129

UO

151

607

368

276

92

239

692

435

367

68

257

687

681

67926

273

2 0 2

16 U

38

71

600

599

59811

1 1 0

110

110

418

416 W22

29835

2 1

74

1688

58

96

257

18

71

262

153

138

15

109

28

2897612

99

99

99

45

45

U5

16

16

16

137

83

63

20

54

53

33

21

12

2 0

233

183

U7

36

50

457

457

457

231

167

131

36

64

397

397

397

26

26

228

228

2 

1 

.. „197612

2 2

15

1237

15

15

15

2 0

2 0

20

43

43

U3

2695h

17

237

188

150

236

17

237

188

150

38

49

98.4 99.3 88.5

97.6 99.4 66.7

97.7 100.01,0.0

97.5 97.2 100.0

99.3 99.3 1 0 0 .0

59.5 97.6

47.0 96.1

1,3.5 95.2

57.6 98.1

78.7 98.9

96.8 96.8

96.5 96.5

96.7 96.7

95.6 95.6

97.3 97.3

97.8 97.8 100.0

97.8 97.8 1 0 0 .0

97.8 97.8 100.0

100.0 100.0

1 0 0 .0 1 0 0 .0

98.5 98.5

98.0 98.0

97.6 97.6

100.0 100.0

1 0 0 .0 1 0 0 .0

96.6 96.6

96.6 96.6

96.6 96.6

100.0 100.0

1 0 0 .0 1 0 0 .0

100.0 100.0

1 0 0 .0 1 0 0 .0

100.0 100.0

89.6 89.6

89.5 89.5

89.5 89.5

100.0 100.0

1 0 0 .0 1 0 0 .0

100.0 100.0

1 0 0 .0 1 0 0 .0

100.0 100.0

100.0 100.0

1 0 0 .0 1 0 0 .0 CO

CONUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T a b le 102. N u m b e r o f O p e r a t i n g B a n k s a n d B r a n c h e s , D e c e m b e r 31, 1951— Continued

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BAN K , AND B Y STATE AND TYPE OF OFFICE

All banks Commercial and stock savings banks 

and nondeposit trust companies Mutual savings banks

Insured banks 

as percentages of 

banks of deposit1

Insured Noninsured

State and type of bank or office

Total Insured Noninsured Total

Total

Members F. R. 

System

Not 

members 

F. R.

System

Banks

Nondeposit Total Insured2

Noninsured

All

banks 

of deposit

CommercialMutual

savings

National State

of deposit

trust

companies

banks banks

112 59 53 77 59 52 1 6 18 35 35 52.7 76.6

109 58 51 75 58 51 1 6 17 34 34 53.2 77.3

106 57 U9

2

73 57 50 1 6 16 33 33 53.8 78.1

Banks operating branches 3 I 2 1 1 1 1 1 33.3 50.0

Branches 3 1 2 2 1 1 1 1 33.3 50.0

New Jersey. . ........ 526 522 4 494

w

490 278 150 62 1 3 32 32 99.8 99.8 100.0

All banks . ................................ 341 337 4 318 314 2 0 2 70 42 1 3 23 23 99.7 99.7 1 0 0 .0

Unit banks ................................. 277 273 •4 259 255 175 U7 33 1 3 18 18 99.6 99.6 100.0

Banks operating branches 6U

185

6U

185

59 59 27 23 9 5 5 100.0 100.0 100.0

Branches 176 JL76

76 80 2 0 9 9 1 0 0 .0 1 0 0 .0 1 0 0 .0

New Mexico 74 74 74 74 31 9 34 100.0 100.0

All banks 51 51 51 51 26 8 17 1 0 0 .0 1 0 0 .0

Unit banks 37 37 37 37 22 7 8 100.0 100.0

Banks operating branches 1U

23

U

23

1.4 n

1,440

610

-4 1 9 100.0 100.0

Branches 23 5 1 17 1 0 0 .0 1 0 0 .0

New York. . . . ... .............. 1,686

749

1,674

740

12 1,452

619

603 702 135 9 3 234 234 99.5 99.4 100.0

All banks . ............................... 9 372 164 74 6 3 130 130 99.2 99.0 1 0 0 .0

Unit batiks ................................ 567 560 7 lj.95 U88 319 117 52 u 3 72 72 99.3 99.2 100.0

Banks operating branches .. 182 180 2 12 U

833

122 53 U7 22 2 58 58 98.9 98.U 100.0

Branches . .. 937 934 3 ,830 231 538 61 3 104 104 99.7 99.6 1 0 0 .0

North Carolina 460 457 3 460 457 72 34 351 3 99.3 99.3

All banks 225 224 1 225 224 46 8 170 1 99.6 99.6

Unit banks 159 159 159 159 3U

12

■4 121 100.0 100.0

Banks operating branches 66 65 1 66 65 U9

181

1 98.5 98.5

Branches 235 233 2 235 ^233,

167

26 26 2 99.1 99.1

North Dakota 172 167 5 172 40 2 125 5 97.1 97.1

All banks 150 145 5 150 145 40 2 103 5 96.7 96.7

Unit banks 135 130 5 135 130 uo 2 88 5 96.3 96.3

Banks operating branches 15 15 15 15 15 100.0 100.0

Branches 2 2 2 2 2 2 2 2 2 2 1 0 0 .0 1 0 0 .0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
O h io ........................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Oklahom a..............................

All banks.............................

Unit banks.......................

Banks operating branches

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

Oregon....................................

All banks.............................

Unit banks.......................

Banks operating branches

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

Pennsylvania........................

All banks.............................

Unit banks.......................

Banks operating branches

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

Rhode Island........................

All banks.............................

Unit banks.......................

Banks operating branches

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

South Carolina....................

All banks.............................

Unit banks.......................

Banks operating branches

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

South D akota......................

All banks.............................

Unit banks.......................

Banks operating branches

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

Tennessee..............................

All banks.............................

Unit banks.......................

Banks operating branches

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

Texas.......................................

All banks.............................

Unit banks.......................

Banks operating branches

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

898 7 902 895 320

652 7 656 649 239

591 7 595 588 218

61 61 61 21

246 246 246 81

375 11 386 375 199

374 11 385 374 198

373 11 381+ 373 197

1 1 1 1

1 1 1 1

173

2 174 172 108

69

2 70 6 8 2 0

55 2 56 5.

4 17

n U U

3

104 104 104 8 8

1,186 20 1,180 1,160 751

951 16 960 944 619

876 13 886 873 577

75 3 7h 71 U2

235

4 2 2 0 216 132

69 13 68 63 16

148 14 11 6

6 5

5 U U

8 3 9 7 2

55 5 54 52 10

188 15 203 188 63

134 15 149 134 25

116 15 131 116 19

18 18 18 6

54 54 54 38

219 219 219 57

169 169 169 35

1U3 11+3 1U3 31

26 26 26

U

50 50 50 2 2

394

7 401 394 127

291 7 298 291 74

258 7 265 258 63

33 33 33 11

103 103 103 53

882 44 926 882 455

870 44 914 870 443

857

U 901 857 U30

13 13 13 13

12 12 12 12

905

659

598

61

246

386

385

38U11

175

71

57

1U

104

1,206

967

889

78

239

82

2 2

11

11

60

203

149

131

18

54

219

169

1US

26

50

401

298

265

33

103

926

914

901

13

12

315 260

7 3 3

180 230 7

3

3

161 209

7

3

3

19 21

135 30

25 151 9 2

25 151 9

2

25 151 9

2

12 52

1

1 1 1

10 38 1 1

1

1

9 28 1 1 1 1 1 10 2 14

166 243 18

2 26 26

106 219 142 7 7

92 20U 11

2 3 3

lit. 15 3 U U

60 244 19 19

34 134

1 146

8

2

3

2

1

8

3

5

1

6

2

U

2

3 2 21

1

32 10

2

63

3

9 116 15 7 1 0 2 15

5 92 15

2 10 2 14

27 135

27 107

27 85

22

28

22 245 4 3

1 0 207 4

3

9 186 u 3 1 21

12 38

138 289 44

138 289 44

138 289

U

1

99.2

98.9

98.8

100.0

100.0

97.7

97.7

97.6

100.0

100.0

99.4

98.6

98.2

100.0

100.0

98.5

98.5

98.8

96.2

98.3

85.2

66.7

60.0

72.7

91.7

92.6

89.9

88.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.0

98.6

98.5

100.0

100.0

95.2

95.2

95.1

100.0

100.0

99.2

100.0

100.0

97.7

97.7

97.6

100.0

100.0

99.4

98.6

98.2

100.0

100.0

98.5

98.5

98.8

95.9

98.2

94.0

84.6

100.0

77.8

96.3

92.6

89.9

88.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.0

98.6

98.5

100.0

100.0

95.2

95.2

95.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

42.9

37.5

33.3

50.0

50.0

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS 135

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 102. N u m b e r o f O p e r a t i n g B a n k s a n d B r a n c h e s , D e c e m b e r 31, 1951— Continued

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BAN K, AND BY STATE AND TYPE OF OFFICE CO

o

All banks Commercial and stock savings banks 

and nondeposit trust companies Mutual savingsibanks

Insured banks 

as percentages of 

banks of deposit1

Insured Noninsured

State and type of bank or office

Total Insured Noninsured Total

Total

Members F. R. 

System Not

mem­ Banks

Nondeposit Total Insured2

Noninsured

All

banks 

of deposit

Commercial

Mutual

savings

National State

bers 

F. R.

System

of deposit

trust

companies

banks banks

Utah 84 84 84 84 30 28 26 1 0 0 .0 1 0 0 .0

54 54 54 54 11 19 24 1 0 0 .0 1 0 0 .0

U77

U7

7

U7

7

1*7

7

9 16 22 100.0 100.0

2 3 2 100.0 100.0

Branches 30 30 30 30 19 9 2 1 0 0 .0 1 0 0 .0

Verm ont .............. 96 95 1 80 79 40 1 38 1 16 16 1 0 0 .0 1 0 0 .0 1 0 0 .0

All banks ............................. 76 75 1 69 6 8 38 1 29 1 7 7 1 0 0 .0 1 0 0 .0 1 0 0 .0

Unit banks 67 66 1 61 60 36 1 23 1 6 6 100.0 100.0 100.0

Bank* opcvating bvanchcs 9 9 8 8 2 6 1 1 100.0 100.0 100.0

Branches 2 0 2 0 11 11 2 9 9 9 1 0 0 .0 1 0 0 .0 1 0 0 .0

Virginia 435 435 435 435 181 90 164 1 0 0 .0 1 0 0 .0

A.11 banks 315 315 315 315 133 71 1 1 1 1 0 0 .0 1 0 0 .0

Unit banks 259 259 259 259 113 60 86 100.0 100.0

Banks opcvatinQ btanchcs 56 56 56 56 20 11 25 100.0 100.0

Branches 1 2 0 1 2 0 1 2 0 1 2 0 48 19 53 1 0 0 .0 1 0 0 .0

W&shin^ton . . 280 277 3 273 270 175 2 2 73 3 7 7 98.9 98.9 1 0 0 .0

All banks ............ 1 2 1 118 3 117 114 35 16 63 3 1 4 4 97.5 97.4 1 0 0 .0

Unit banks .............. 103 100 3 100 97 25 1U 58 3 3 3 97.1 97.0 100.0

Banks opctatinQ btanchcs 18 18 17 17 10 2 5 1 1 100.0 100.0 100.0

"Rrnn f*hp^ 159 159 156 156 140 6 10 3 3 1 0 0 .0 1 0 0 .0 1 0 0 .0

West Virginia 181 177 4 181 177 74 35 6 8 4 97.8 97.8

All K q h V g 181 177 4 181 177 74 35 6 8 4 97.8 97.8

Unit banks 181 177 U 181 177 71* 35 68 U 97.8 97.8

"Rvon r*ViPfl

W isconsin............................................. 709 699 10 705

c ,

696 1 11 75 510 6 3 4 3 1 99.0 99.1 75.0

All banks............................................. 557 548 9 553 545 95 69 381 5 3 4 3 1 98.9 99.1 75.0

Unit banks ............................... 1*65

92

1*57 8 1*61 1*51* 90 65 299 1* 3 U 3 1 98.9 99.1 75.0

Banks operating branches 91 1 92 91 5 U 82 1 98.9 98.9

Branches 152 151 1 152 151 16 6 129 1 99.3 99.3

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Wyoming.................................

All banks...............................

Unit banks.........................

Banks operating branches.

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

100.0

100.0

100.0

100.0

100.0

100.0

Possessions

Alaska3.....................................

All banks...............................

Unit banks.........................

Banks operating branches.

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

American Samoa..................

Ail banks...............................

Unit banks.........................

Banks operating branches.

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

40.7

30.0

20.0

60.0

71.4

40.7

30.0

20.0

60.0

71.4

Hawaii4.....................................

All banks...............................

Unit banks.........................

Banks operating branches.

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

Mariana Islands5...................

All banks.............................

Unit banks.......................

Banks operating branches. 

Branches5 ...........................

53

7

5

2

46

2

48

2

4.0

50.0

100.0

4.0

50.0

100.0

Panama Canal Zone5...........

All banks...............................

Unit banks.........................

Banks operating branches.

Branches3 .............................

Puerto Rico5...........................

All banks...............................

Unit banks.........................

Banks operating branches.

Branches5 .............................

Virgin Islands6......................

All banks...............................

Unit banks.........................

Bonks operating branches.

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

44

7

U

3

37

2

1

73.3

63.6

66.7

60.0

75.5

66.7

50.0

73.3

63.6

66.7

60.0

75.5

66.7

50.0

100.0

100.0

100.0

100.0

1 Percentages are based on totals for all banks, excluding nondeposit trust companies.

2 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.

3 Includes 5 national banks, 4 among insured banks not members of the Federal Reserve System, and 1 among noninsured banks.

4 Includes, among noninsured banks, 1 national bank operating 2 1 branches.

5 Includes noninsured branches of insured banks in the United States: 2 in Mariana Islands (1 in Guam and 1 in Saipan), 4 in Panama Canal Zone, and 9 in Puerto Rico.

6 Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch.

Back figures: See the Annual Report for 1950, pp. 218-225, and earlier reports.

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 103. N u m b er a n d D e p o s its o f O p e r a tin g B a n k s, D e c e m b e r 31, 1951

BAN KS GROUPED ACCORDING TO INSURANCE STATUS AND BY DISTRICT AND STATE

Number of banks Deposits (in thousands of dollars)

Commercial and stock savings 

banks and nondeposit 

trust companies

Mutual savings banks

Commercial and stock savings 

banks and nondeposit 

trust companies

Mutual savings banks

and State All N oninsured All

banks1

Total Insured Banks 

of depost1

Nondeposit

trust

companies

Total Insured

Noninsured

banks

Total Insured N oninsured Total Insured Noninsured

United States and 

possessions. . . 14,661 14,132 13,455 612 65 529 2 0 2 327 186,603,665 165,688,336 163,171,949 2,516,387 20,915,329 15,368,037 5,547,292

United States... 14,618 14,089 13,439 590 60 529 2 0 2 327 185,755,642 164,840,313 162,908,401 1,931,912 20,915,329 15,368,037 5,547,292

43

854

43

513

16

458

2 2 5 848,023

14,015,569

848,023

8,310,441

263,548

8,004,085

584,475

306,356

FDIC District

District 1............. 52 3 341 2 1 320 5,705,128 301,266 5,403,862

District 22............ 1,141

1,626

1,058

1,039

1,510

1,477

1,558

1 ,1 1 0

1,617

1,144

527

226

13

230

2 0 1

157

184

986 967 13 6 155 153 2 53,146,316 40,199,305 39,579,619 619,686 12,947,011 12,857,215 89,796

District 3 1,616

1,049

1,039

1,510

1,469

1,558

1,109

1,617

1,144

522

226

13

230

2 0 1

157

1 1 2

1,593

1,027

965

2 1 2 10 10 21,051,679

9,611,052

19,663,522

9,200,648

19,587,784

9,065,459

75,738

135,189

1,388,157

410,404

1,388,157

District 4 ............. 2 1 1 9 6 3 370,231 40,173

District 5 72 2 6,458,841 6,458,841 6,425,960 32,881

District 6 1,451

1,430

48 11 9,737,407

12,845,090

9,737,407

12,784,858

9,684,709

12,600,775

52,698

District 7............. 29 1 0 8 6 2 184,083 60,232 46,771 13,461

District 8 1,488

1,087

1,408

1,098

483

226

1 2

6 6 4 16,147,918

4,944,105

6,789,030

10,987,950

20,868,708

1,377,952

532,942

880,043

15,173,300

1,313,510

3,264,974

16,147,918

4,769,403

6,789,030

10,987,950

20,639,013

1,377,952

532,942

880,043

15,173,300

1,313,510

1,873,390

16,015,255

4,641,189

6,577,147

10,900,479

20,089,488

1,377,952

530,305

877,010

15,115,123

1,307,881

1,795,829

132,663

District 9 2 0 2 1 1 128,214 174,702 174,702

District 10 2 0 1 8 211,883

87,471

549,525

■ n ic H -r irt 11 45

24

1

cst*Ti pf* 1 93 15 5 5 229,695 229,695

State

A InViQmJi

Arizona 1 2,637

3,033

58,177

5,629

77,561

.Arkansas 224

190

147

94

5 1

California 2 9

P nl fvr£i H a 1 0

Connecticut......... 17 1 72 4 68 1,391,584 76,771 1,314,813

Delaware 38 36 35 1 2 2 623,872 534,076 531,061 3,015 89,796 89,796

Dist. of Columbia 

Florida

19

208

403

42

895

485

19

208

403

42

895

19

204

337

41

1,258,416

2,210,971

1,990,491

475,677

13,753,798

3,542,027

1,258,416

2,210,971

1,990,491

475,677

13,753,798

3,496,618

1,258,416

2,203,425

1,973,564

466,624

13,710,103

3,476,189

2 2 7,546

16,927

9,053

43,695

20,429

ri-pnT’O’i o 6 6

1

Illinois 882

471

1 0 3

Indiana................ 481 9 1 4 3 1 45,409 32,324 13,085

663

607

663

607

606

468

56 1 2,394,120

1,840,601

2,394,120

1,840,601

2,305,152

1,680,829

88,968

Kansas 139 159,772

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Kentucky..........

Louisiana...........

Maine................

Maryland..........

Massachusetts. .

Michigan.. . 

Minnesota.. 

Mississippi. 

Missouri. . . 

Montana. . .

Nebraska...........

Nevada........

New Hampshire.

New Jersey........

New Mexico. . . .

New York........

North Carolina. 

North Dakota..

Ohio.................

Oklahoma........

Oregon..............

Pennsylvania. . 

Rhode Island. . 

South Carolina. 

South Dakota..

Tennessee.

Texas........

Utah.........

Vermont. . 

Virginia. . .

Washington... 

West Virginia. 

Wisconsin. . . . 

Wyoming.......

Possession

Alaska.................

American Samoa.

Hawaii.................

Mariana Islands4. 

Panama Canal

Zone4 ................

Puerto Rico4........

Virgin Islands

383

166

95

169

368

435

681

202

599

110

416

8

109

341

51

749

225

150

659

385

71

967

22

149

169

298

914

54

76

315

121

181

557

52

383

166

63

160

180

435

680

202

599

110

416

8

75

318

51

619

225

150

656

385

70

960

14

149

169

298

914

54

69

315

117

181

553

52

361

165

54

158

173

414

663

198

575

110

367

8

58

314

51

610

224

145

649

374

944

11

134

169

291

870

54

68

315

114

177

545

52

32

9

188

130 

' ’ ‘ 3

23

130

25

3

188

34

1,797,757 1,797,757 1,777,826

2,022,775 2,022,775 2,021,944

729,512 485,252 444,666

2,212,525 1,802,121 1,714,170

7,994,525 4,582,593 4,480,225

6,016,806 6,016,806 5,861,877

3,197,358 3,022,656 3,007,213

879,427 879,427 871,019

4,855,179 4,855,179 4,830,897

615,325 615,325 615,325

1,446,780 1,446,780 1,406,670

2 0 2 ,0 2 2 2 0 2 ,0 2 2 2 0 2 ,0 2 2

583,007 296,701 241,246

5,756,998 5,093,917 5,087,945

403,335 403,335 403,335

46,462,919 34,268,785 33,786,495

2,113,442 2,113,442 2,087,897

601,051 601,051 488,280

8,609,130 8,357,487 8,348,270

1,882,274 1,882,274 1,875,902

1,514,028 1,494,683 1,486,703

12,442,549 11,306,035 11,239,514

1,080,164 799,158 768,772

796,775 796,775 787,727

530,371 530,371 530,371

2,204,428 2,204,428 2,198,976

8,028,898 8,028,898 7,944,895

653,583 653,583 653,583

363,387 273,347 273,347

2,209,801 2,209,801 2,209,801

2,304,602 2,094,252 2,076,003

1,020,093 1,020,093 1,007,448

3,286,257 3,271,434 3,262,709

305,865 305,865 305,865

116,401 116,401 65,142

1,185 1,185

384,326 384,326 24,288

19,009 19,009

24,575 24,575

297,765 297,765 169,356

4,762 4,762 4,762

19,931

831

40,586

87,951

102,368

154,929

15,443

8,408

24,282

40,110

55,455

5,972

482,290

25,545

112,771

9,217

6,372

7,980

66,521

30,386

9,048

5,452

84,003

18,249

12,645

8,725

51,259

1,185

360,038

19,009

24,575

128,409

244,260

410,404

3,411,932

174,702

286,306

663,081

12,194,134

251,643

19,345

1,136,514

281,006

90,040

210,350

14,823

34,163

370,231

174,702

663,081

12,194,134

251,643

19,345

1,136,514

100,292

90,040

210,350 

’ 14,447

210,097

40,173

3,411,932

286,306

180,714

376

1 Includes 25 noninsured banks of deposit (17 in Georgia, 2 in Iowa, 5 in Texas, and 1 in the Virgin Islands) for which deposits are not available.

2 Includes Puerto Rico and the Virgin Islands.

3 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.

4 Includes deposit data for the following noninsured branches of insured banks in the U. S.: 2 in the Mariana Islands (Guam and Saipan); 4 in the Panama Canal Zone; 

and 9 in Puerto Rico. Data for these branches are not included in the figures for the States in which the parent banks are located.

Back figures: See the Annual Report for 1950, pp. 226-227, and earlier reports.

0 0

CDNUMBER, OFFICES, AND DEPOSITS OF NONINSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 104. Assets and liabilities of operating banks in the United States and possessions, 

June 30, 1951

jBanks grouped according to insurance status and type of bank

Table 105. Assets and liabilities of operating banks in the United States and possessions, 

December 31, 1951

Banks grouped according to insurance status and type of bank

Table 106. Assets and liabilities of all operating banks in the United States and possessions, 

December 31, 1951 

Banks grouped by district and State

Table 107. Assets and liabilities of operating insured banks, December 31, 1951, June 30, 

1951, and December 30, 1950

A sse t s a n d L ia b il it ie s of O p e r a t in g B a n k s

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
The data in these tables relate to banks operating in the United

States and possessions. Data from the same tabulations for all operating

banks in each State and possession are also shown in the Corporation’s

publication, “Assets, Liabilities, and Capital Accounts, Capital and

other Ratios, Commercial and Mutual Savings Banks,” as follows:

For June 30, 1951 Report No. 35, pp. 8-9

For December 31, 1951 Report No. 36, pp. 8-9

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.”

Since June 30, 1942, 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.

Beginning with June 30, 1948, individual loan items have been

reported gross instead of net of valuation reserves. Accordingly, reserves for losses on loans under the provisions of Mimeograph 6209

issued by the Bureau of Internal Revenue in December 1947 and other

loan valuation reserves have been shown separately.

Instalment loans are ordinarily reported net if the instalment payments are applied directly to the reduction of the loan. Such loans are

reported gross if, under contract, the payments do not immediately

reduce the unpaid balances of the loan but are assigned or pledged to

assure repayment at maturity.

Total deposits shown in these tables are not the same as the deposits

upon which assessments paid to the Federal Deposit Insurance Corporation are based. The assessment base is slightly lower due to certain

exclusions which are permitted and deductions which may be claimed.

Asset and liability data for noninsured banks are tabulated from

reports pertaining to the individual banks. In a few cases these reports

are not as detailed as those submitted by insured banks, and some of

the items reported have been allocated to more detailed categories

according to the distribution of asset and liability data for insured

State banks not members of the Federal Reserve System or for other

noninsured banks.

Sources of data

National banks and State banks in the District of Columbia not

members of the Federal Reserve System: Office of the Comptroller of

the Currency.

State banks members of the Federal Reserve System: Board of

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

Noninsured banks: State banking authorities; Rand McNally Bankers

Directory; Polk’s Bankers Encyclopedia; and reports from individual

banks.

ASSETS AND LIABILITIES OF OPERATING BANKS

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK

(Amounts in thousands of dollars)

T a b le 104. A s s e t s a n d L ia b ilit ie s o f O p e r a tin g B an ks in t h e U n ite d S ta te s a n d P o sse ssio n s, J u n e 30, 1951

to

Asset, liability, or capital account item

All

Total Insured NonCommercial and stock savings banks and

nondeposit trust companies

Total Insured

Noninsured

Banks

of

deposit

N ondeposit

trust

companies^

Mutual savings banks

Total Insured

Noninsured

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

Cash, balances with other banks, and cash 

collection items—tota l.............................

Currencjr and coin.............................................

Reserve with F. R. banks (member banks) . .

Demand balances with tanks in U. S.............

Other balances with banks in U. S.................

Balances with banks in foreign countries. . . . 

Cash items in process of collection..................

Securities— tota l.................................................

U. S. Gov’t, obligations (incl. guaranteed). . .

Obligations of States and subdivisions...........

Other bonds, notes, and debentures2 ..............

Corporate stocks................................................

Loans and discounts, net—tota l...................

Valuation reserves3 ................................................

Loans and discounts, gross— tota l................

Commercial and industrial loans.....................

Loans to farmers directly guaranteed by the

Commodity Credit Corporation..................

Other loans to farmers (excl. real estate). . . . 

Loans to brokers and dealers in securities... .

Other loans for carrying securities..................

Real estate loans—total....................................

Farm land.......................................................

Residential properties.....................................

Other properties...............................................

Other loans to individuals................................

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

All other loans (including overdrafts)............

Miscellaneous assets—to ta l............................

Bank premises owned, furniture and fixtures.

Other real estate—direct and indirect............

All other miscellaneous assets..........................

189,252,641 179,945,629 9,307,012 166,417,678 163,351,016 2,865,905 0,757 22,834,963 16,594,613 6,240,350

38,403,575

2,033,517

18,945,745

9,537,362

284,188

137,893

7,464,870

37,693,753

1,934,978

18,945,745

9,005,052

267,620

119,896

7,420,462

709,822

98,539

532,310

16,568

17,997

44,408

37,552,166

1,934,696

18,944,597

9,055,474

44,322

137,893

7,435,184

37,005,819

1,862,593

18,944,597

8,644,564

34,131

119,896

7,400,038

493,677

70,558

52,670

1,545

361,550

10,124

17,984

33,461

49,360

67

13

1,685

851,409

98,821

1,148

481,888

239,866

687,934

72,385

1,148

360.488

233.489

163,475

26,436

121,400

6,377

29,686 20,424 9,262

84,211,759

68,958,920

8,641,105

6,021,372

590,362

78,757,980

64,650,522

8,419,864

5,348,478

339,116

5,453,779

4,308,898

221,241

672,894

251,246

71,534,757

58,754,202

8,559,867

3,834,093

386,595

69,919,107

57,481,868

8,344,250

3,763,261

329,728

1,514,652

1,212,547

197,387

64,800

39,918

100,998

59,787

18,230

6,032

16,949

12,677,002

10,204,718

81,23 8

2,187,279

203,767

8,838,873

7,168,654

75,614

1,585,217

9,388

3,838,129

3,036,064

5,624

602,062

194,379

64,218,091

963,130

65,181,221

23,809,718

54,602

3,087,897

1,622,039

1,046,274

23,423,966

1,076,922

18,737,810

3,609,23k

10,492,211

156,196

1,488,318

61,236,868

937,148

62,174,016

23,568,162

51,191

3,002,748

1,616,174

1,001,996

20,993,806

1,0^2,510

16,651 M l

3,299,855

10,345,207

155,224

1,439,508

2,981,223

25,982

3,007,205

241,556

3,411

85,149

5,865

44,278

2,430,160

3J>M2

2,086,369

309,379

147,004

972

48,810

55,198,234

716,387

55,914,621

23,785,507

54,602

3,086,390

1,622,039

1,043,743

14,286,452

1,031,025

10 ,90k, m

2,351,006

10,401,362

156,196

1,478,330

54,407,525

713,805

55,121,330

23,547,386

51,191

3,001,488

1,616,174

1,000,774

14,021,117

1,007,260

10,707,81+9

2,306,008

10,295,847

155,224

1,432,129

761,825

2,550

764,375

235,952

3,411

84,731

5,865

37,952

246,650

22,U59

180,727

i ilili

972

44,457

28,884

32

28,916

2,169

9,019,857

246,743

9,266,600

24,211

6,829,343

223,343

7,052,686

20,776

2,190,514

23,400

2,213,914

3,435

171 1,507 1,260 247

5,017

18,685

1,306

15,8U5

1,53 k

1,130

2,531

9,137,514

k5,897

7,833,389

1,258,228

90,849

1,222

6,972,689

35,250

5,9k3,592

993,8k7

49,360

1,309

2,164,825

10,6k7

1,889,797

26k,381

41,489

1,744 9,988 7,379 2,609

2,419,216

1,291,759

137,357

990,100

2,257,028

1,244,578

119,727

892,723

162,188

47,181

17,630

97,377

2,132,521

1,177,090

130,882

824,549

2,018,565

1,155,090

116,022

747,453

95,751

16,915

6,563

72,273

18,205

5,085

8,297

4,823

286,695

114,669

6,475

165,551

238,463

89,488

3,705

145,270

48,232

25,181

2,770

20,281

F E D E R A L D EPO SIT IN S U R A N C E C O R P O R A T IO N

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Total liabilities and capital accoun ts..............

Deposits of individuals, partnerships, and 

corporations—tota l...................................

Dem and...................................................

Tim e.......................................................

Certified and officers’ checks, cash letters 

of credit and travelers’ checks outstanding, and am ounts due to Federal 

Reserve banks.............................................

Government deposits— total...........................

United States Government— demand..........

United States Government— time...............

States and subdivisions— demand...............

States and subdivisions— time....................

Interbank and postal savings deposits— 

tota l...............................................................

Banks in the United States— -demand..........

Banks in the United States— tim e...............

Banks in foreign countries— demand...........

Banks in foreign countries— 'time................

189,252,641 179,945,629 9,307,012 166,417,678 163,351,016 2,865,905 200,757 22,834,963 16,594,613 6,240,350

141,907,459

86,012,863

55,894,596

134,590,696

84,777,324

49,813,372

7,316,763

1,235,539

6,081,224

121,519,773

86,000,181

35,519,592

119,681,093

84,766,177

34,914,916

1,766,386

1,162,749

603,637

72,294

71,255

1,039

20,387,686

12,682

20,375,004

14,909,603

11,147

14,898,456

5,478,083

1,535

5,476,548

2,285,276 2,260,684 24,592 2,281,265 2,256,734 24,452 79 4,011 3,950 61

16,501,219

6,201,003

214,402

8,488,587

1,597,227

16,149,930

6,112,588

212,900

8,313,214

1,511,228

351,289

88,415

1,502

175,373

85,999

16,490,523

6,198,810

214,378

8,487,447

1,589,888

16,140,401

6,110,988

212,876

8,312,091

1,504,446

350,018

87,822

1,502

175,252

85,442

104

104

10,696

2,193

24

1,140

7,339

9,529

1,600

24

1,123

6,782

1,167

593

17

557

11,985,466

10,073,223

187,139

1,363,616

339,180

22,308

11,606,906

9,883,103

27,879

1,335,064

339,180

21,680

378,560

190,120

159,260

28,552

11,984,227

10,073,198

185,925

1,363,616

339,180

22,308

11,605,677

9,883,078

26,675

1,335,064

339,180

21,680

378,549

190,120

159,250

28,551

1

1

1,239

25

1,214

1,229

25

1,204

10

10

Postal savings........................................... 628 628

Total deposits.............................................

D em and.............................................

T im e.................................................

M iscellaneous liabilities—total.....................

Rediscounts and other borrowed m oney......

All other miscellaneous liabilities................

Total liabilities (excluding capital 

a cco u n ts)..................................................

Capital accounts—total...................................

Preferred capital.......................................

Common stock..........................................

172,679,420

HI>,U21+,568

58,25Jf.,852

164,608,216

112,681,977

51,926,239

8,071,204

1,71+2,591

6,328,613

152,275,788

111+,I+0I+,51 7

37,871,271

149,683,905

112,66!+,132

37,019,773

2,519,405

1,668,91+6

850,159

72,478

71 ,1+39

1,039

20,403,632

20,051

20,383,581

14,924,311

17,81+5

1J+, 906,1+66

5,479,321

2,206

5,U77,115

2,255,719

78,258

2,177,461

2,113,820

68,881

2,044,939

141,899

9,377

132,522

2,109,149

77,075

2,032,074

2,025,817

68,781

1,957,036

57,148

6,776

50,372

26,184

1,518

24,666

146,570

1,183

145,387

88,003

100

87,903

58,567

1,083

57,484

174,935,139 166,722,036 8,213,103 154,384,937 151,709,722 2,576,553 98,662 20,550,202 15,012,314 5,537,888

14,317,502

98,414

3,675,341

7,029,249

3,514,498

13,223,593

76,781

3,552,051

6,486,113

3,108,648

1,093,909

21,633

123,290

543,136

405,850

12,032,741

98,414

3,675,341

5,461,912

2,797,074

11,641,294

76,781

3,552,051

5,321,824

2,690,638

289,352

21,505

85,169

105,866

76,812

102,095

128

38,121

34,222

29,624

2,284,761

(4)

1,582,299

(4)

702,462

Surplus....................................................

Undivided profits and reserves...................

1,567,337

717,424

1,164,289

418,010

403,048

299,414

Number of bar kg5........................................... 14,680 13,652 1,028 i 14,151 13,451 1 636 64 529 2 0 1 i 328

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

2 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.

3 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.

4 Not reported separately. Included with “Undivided profits and reserves.”

5 Includes 25 noninsured banks of deposit for which asset and liability data are not available.

Back figures: See the Annual Report for 1950, pp. 230-231, and earlier reports. ^

60ASSETS AND LIABILITIES OF OPERATING BANKS

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK

(Amounts in thousands of dollars)

T a b le 105* A s s e t s a n d L ia b i li t i e s o f O p e r a tin g B a n k s in t h e U n ite d S t a t e s a n d P o sse ssio n s, D e c e m b e r 31, 1951

All banks Commercial and stock savings banks and 

nondeposit trust companies Mutual savings banks

N oninsured

Asset, liability, or capital account item

Total Insured Noninsured Total Insured Banks

of

deposit

N ondeposit 

trust 

companies1

Total Insured

Noninsured

Total assets.............................................................. 203,862,623 194,578,227 9,284,396 180,423,806 177,449,151 2,769,411 205,244 23,438,817 17,129,076 6,309,741

Cash, balances with other banks, and cash

collection items—to ta l............................. 45,716,618 44,937,079 779,539 44,830,410 44,241,808 532,574 56,028 886,208 695,271 190,937

Currency and coin............................................. 2,890,421 2,776,754 113,667 2,766,248 2,685,709 79,260 1,279 124,173 91,045 33,128

Reserve with F. R. banks (member banks). . 19,911,777 19,911,777 19,910,524 19,910,524 1,253 1,253

Demand balances with banks in U. S............ 12,553,034 11,954,486 598,548 12,011,124 11,557,184 400,225 53,715 541,910 397,302 144,608

Other balances with banks in U. S................. 233,489 224,865 8,624 47,004 41,034 5,907 63 186,485 183,831 2,654

Balances with banks in foreign countries. . . . 53,694 48,929 4,765 53,694 48,929 4,752 13

Cash items in process of collection.................. 10,074,203 10,020,268 53,935 10,041,816 9,998,428 42,430 958 32,387 21,840 id ,547

Securities—total................................................. 87,586,263 82,340,311 5,245,952 75,188,636 73,672,808 1,411,322 104,506 12,397,627 8,667,503 3,730,124

U. S. Gov’t, obligations (incl. guaranteed).. . 71,595,087 67,520,274 4,074,813 61,776,250 60,598,835 1,115,320 62,095 9,818,837 6,921,439 2,897,398

Obligations of States and subdivisions........... 9,392,508 9,153,703 238,805 9,245,578 9,016,262 211,392 17,924 146,930 137,441 9,489

Other bonds, notes, and debentures2.............. 5,989,483 5,317,587 671,896

260,438

3,784,901 3,720,191 57,386 7,324 2,204,582 1,597,396 607,186

Corporate stocks................................................ 609,185 348,747 381,907 337,520 27,224 17,163 227,278 11,227 216,051

Loans and discounts, net—tota l................... 68,000,966 64,893,681 3,107,285 58,139,244 57,370,794 741,271 27,179 9,861,722 7,522,887 2,338,835

Valuation reserves3 ................................................ 996,918 978,553 18,365 815,771 813,589 2,153 29 181,147 164,964 16,183

Loans and discounts, gross—total................ 68,997,884 65,872,234 3,125,650 58,955,015 58,184,383 743,424 27,208 10,042,869 7,687,851 2,355,018

Commercial and industrial loans..................... 26,039,862 25,810,387 229,475 26,013,119 25,787,675 223,759 1,685 26,743 22,712 4,031

Loans to farmers directly guaranteed by the

10,822

86,231

10,213

Commodity Credit Corporation 289,745

3,140,054

1,580,806

278,923

3,053,496

1,570,593

10,822

86,558

10,213

289,745

3,138,631

1,580,806

278,923

3,052,222

1,570,593

Other loans to farmers (excl. real estate). . . . 

Loans to brokers and dealers in securities....

178 1,423 1,274 149

Other loans for carrying securities.................. 1,004,499 962,409 42,090 1.001,742 961.293 35,171 5,278 2,757 1.116 1.641

Real estate loans—total.................................... 24,647,824 22,092,752 2,555,072 14,732,184 14,487^412 227,520 17,252 9,915,640 7,605,340 2,310,300

Farm land....................................................... 1,051,1+06 1,018,61+7 32,759 1,001+,1+53 982,711 20,61+0 1,102 1+6,953 35,936 11,017

Residential properties:

Insured by FHA......................................... 5,987,190 5,61+9,203 337,987 3,1+20,51+7 3,351+,1+37 61,682 l+,l+28 2,566,61+3 2,291+,766 271,877

Insured or guaranteed by V A .................... J+,61+6,260 1+,029,731+. 616,526

1,291,1+32

2,920,556 2,882,086 35,61+7 2,823 1,725,701+ 1,11+7,61+8 578,056

Not insured or guaranteed by FHA or VA. 9,231,31+7 7,939,915 1+,928,700 l+,81+l+,730 76,1+31+ 7,536 1+,302,<61+7 3,095,185 1,207,1+62

Other properties............................................... 3,731,621 3,1+55,253 276,368 2,1+57,928 2,1+23,1+1+8

10,399,389

33,117 1,363 1,273,693 1,031,805 21+1,888

Other loans to individuals................................ 10,596,524 10,451,397 145,127 10,508,162 107,758 1,015 88,362 52,008 36,354

Loans to banks................................................... 149,517 148,838 679 149,517 148,838 679

All other loans (including overdrafts)............ 1,549,053 1,503,439 45,614 1,541,109 1,498,038 41,271 ........1,800 ........7,944 ........5,401 ........2,543

Miscellaneous assets—to ta l............................ 2,558,776 2,407,156 151,620 2,265,516

1,212,076

2,163,741 84,244 17,531 293,260 243,415 49,845

Bank premises owned, furniture and fixtures. 1,330,901 1,285,335 45,566 1,192,647 13,951 5,478 118,825 92,688 26,137

Other real estate—direct and indirect............ 141,342 125,572 15,770 136,559 123,003 5,860 7,696 4,783 2,569 2,214

All other miscellaneous assets.......................... 1,086,533 996,249 90,284 916,881 848,091 64,433 4,357 169,652 148,158 21,494

144 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Total liabilities and capital accounts..............

Deposits of individuals, partnerships, and 

corporations—tota l...................................

Demand..............................................................

Time...................................................................

Certified and officers’ checks, cash letters 

of credit and travelers’ checks outstanding, and am ounts due to Federal 

Reserve banks.............................................

Governm ent deposits— tota l...........................

United States Government—demand.............

United States Government—time...................

States and subdivisions—demand...................

States and subdivisions—time.........................

Interbank and postal savings deposits— 

tota l...............................................................

Banks in the United States—demand............

Banks in the United States—time..................

Banks in foreign countries—demand..............

Banks in foreign countries—time....................

203,862,623 194,578,227 9,284,396 180,423,806 177,449,151 2,769,411 205,244 23,438,817 17,129,076 6,309,741

154,477,508

97,005,623

57,471,885

147,106,695

95,713,341

51,393,354

7,370,813

1,292,282

6,078,531

133,583,725

96,991,977

36,591,748

131,757,866

95,701,243

36,056,623

1,748,552

1,214,515

534,037

77,307

76,219

1,088

20,893,783

13,646

20,880,137

15,348,829

12,098

15,336,731

5,544,954

1,548

5,543,406

3,191,703 3,164,164 27,539 3,183,828 3,156,810 26,965 53 7,875 7,354 521

13,802,004

3,435,982

263,556

8,493,631

1,608,835

13,457,573

3,354,532

262,478

8,315,612

1,524,951

344,431

81,450

1,078

178,019

83,884

13,789,962

3,432,949

263,495

8,492,043

1,601,475

13,447,272

3,352,195

262,417

8,314,292

1,518,368

342,628

80,754

1,078

177,689

83,107

62

62

12,042

3,033

61

1,588

7,360

10,301

2,337

61

1,320

6,583

1,741

696

268

777

15,132,450

13,139,402

151,439

1,413,661

399,877

28,071

14,811,554

12,974,702

28,766

1,380,772

399,877

27,437

320,896

164,700

122,673

32,889

15,130,821

13,139,377

149,835

1,413,661

399,877

28,071

14,810,001

12,974,677

27,238

1,380,772

399,877

27,437

320,819

164,700

122,597

32,888

1

1

1,629

25

1,604

1,553

25

1,528

76

76

Postal savings.................................................... 634 634

Total deposits..............................................

Demand.......................................................

Time............................................................

Miscellaneous liabilities—total.....................

Rediscounts and other borrowed money........

All other miscellaneous liabilities....................

Total liabilities (excluding capital 

accounts)......................................................

Capital accounts—total...................................

Preferred capital................................................

Common stock...................................................

186,603,665

126,680,002

59,923,663

178,539,986

121^,903,123

53,636,863

8,063,679

1,776,879

6,286,800

165,688,336

126,653,835

39,031+,501

163,171,949

121+,879,989

38,291,960

2,438,964

1,697,511

71+1 ,U53

77,423

76,335

1,088

20,915,329

26,167

20,889,162

15,368,037

23,131+

15,31+1+,903

5,547,292

3,033

5,51+1+,259

2,552,690

44,008

2,508,682

2,437,677

38,436

2,399,241

115,013

5,572

109,441

2,436,140

42,485

2,393,655

2,354,385

37,986

2,316,399

57,734

3,640

54,094

24,021

859

23,162

116,550

1,523

115,027

83,292

450

82,842

33,258

1,073

32,185

189,156,355 180,977,663 8,178,692 168,124,476 165,526,334 2,496,698 101,444 21,031,879 15,451,329 5,580,550

14,706,268

90,554

3,749,452

7,261,640

3,604,622

13,600,564

68,936

3,630,093

6,720,891

3,180,644

1,105,704

21,618

119,359

540,749

423,978

12,299,330

90,554

3,749,452

5,635,767

2,823,557

11,922,817

68,936

3,630,093

5,503,601

2,720,187

272,713

21,490

79,846

94,437

76,940

103,800

128

39,513

37,729

26,430

2,406,938

(4)

1,677,747

(4)

729,191

Surplus................................................................

Undivided profits and reserves........................ 1,625,873

781,065

1,217,290

460,457

408,583

320,608

Number of banks5 ..................................................... 14,661 13,657 1,004 14,132 13,455 612 65 529 2 0 2 327

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

2 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.

3 Reserve for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.

4 Not reported separately. Included with undivided profits and reserves.

6 Includes 25 noninsured banks of deposit for which asset and liability data are not available.

Back figures: See the preceding table and the Annual Report for 1950, pp. 232-233, and earlier reports.

C3ASSETS AND LIABILITIES OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 106. A s s e t s a n d L i a b i l i t i e s o f A l l O p e r a t i n g B a n k s in t h e U n i t e d S t a t e s a n d P o s s e s s io n s , D e c e m b e r 31, 1951

BANKS GROUPED BY DISTRICT AND STATE

(Amounts in thousands of dollars)

Assets Liabilities and capital accounts

Number 

of banks1

Total

Deposits

District and State Cash and 

due from 

banks

U. S. Government 

obligations

Other

securities

Loans, discounts, and 

overdrafts

Miscellaneous

assets

Business

and

personal2

Government3

Interbank4

Miscellaneous

liabilities

Total

capital

accounts

United States and pos14,661

14,618

45,716,618

45,530,855

71,595,087 15,991,176 68,000,966 2,558,776 203,862,623 157,669,211 13,802,004 15,132,450 2,552,690 14,706,268

United States................. 71,342,915 15,917,958 67,608,117 2,503,535 202,903,380 157,056,829 13,586,185 15,112,628 2,524,593 14,623,145

Possessions...................... 43 185,763 252,172 73,218 392,849 55,241 959,243 612,382 215,819 19,822 28,097 83,123

FDIC District

District 1 ........................... 854 2,359,994

12,048,084

6,215,729

19,337,438

1,403,884 5,457,484 197,604 15,634,695 12,892,301 648,568 474,700 150,461 1,468,665

District 25 ......................... 1,141 4,668,257 22,509,849 953,840 59,517,468 45,323,160 2,523,101 5,300,055 1,397,401 4,973,751

District 3........................... 1,626

1,058

1,039

1,510

1,477

4,871,030

2,590,932

1,949,148

2,989,738

3,020,046

4,253,194

1,215,687

2,104,048

8,409,696 2,461,895 7,032,796 265,566 23,040,983 18,591,961 1,362,098 1,097,620 153,805 1,835,499

District 4 ........................... 3,915,632 752,348 3,022,294 132,848 10,414,054 7,907,815 920,599 782,638 86,466 716,536

District 5........................... 2,421,138 528,471 1,963,216 85,792 6,947,765 5,099,953 791,672 567,216 49,248 439,676

District 6 ........................... 3,34-9,429 614,102 3,422,431 88,132 10,463,832 7,443,981 813,999 1,479,427 59,959 666,466

District 7 ........................... 5,822,065 985,840 3,773,959 117,612 13,719,522 11,268,432 1,054,906 521,752 79,747 794,685

District 8 ........................... 1,558

1 ,1 1 0

1,617

1,144

527

6,765,077 1,345,106 4,845,141 115,326 17,323,844 13,326,898 1,244,206 1,576,814 112,346 1,063,580

District 9...........................

District 10.........................

1,976,016

2,548,848

413,249

491,178

1,661,620

2,080,879

40,030

49,864

5,306,602

7,274,817

4,051,454

5,373,995

480,296

806,103

412,355

608,932

34,138

34,672

328,359

451,115

District 11..........................

District 126.......................

3,824,523

4,490,194

3,519,817

7,314,202

660,362

1,666,484

3,559,948

8,671,349

175,321

336,841

11,739,971

22,479,070

8,304,933

18,084,328

1,206,435

1,950,021

1,476,582

834,359

92,140

302,307

659,881

1,308,055

State

Alabama............................ 226 422,800 487,816

170,178

340,558

135,491 424,890 16,770 1,487,767

572,846

1,116,923 166,623 94,406 10,960 98,855

Arizona.............................. 13 126,301 40,901 224,074 11,392 456,234 70,060 6,648 6,831 33,073

Arkansas........................... 230 297,633 82,180 220.691 5.833 946,895 721,406 90,169 68,468 2 ,2 1 1 64,641

California.......................... 2 0 1 3,120,113

380,541

5,274,046

527,288

1,513,082

231,823

550,466

990,932

643,405

202,860

5,911,041

1,675,152

854,036

664,092

1,230,562

51,652

6,523,012 231,973 16,379,706 13,219,609 1,330,638 623,053 262,641 943,765

Colorado............................ 157 436,852 9,053 1,405,386 1,112,258 99,557 101,695 7,811 84,065

Connecticut...................... 184 570,283 410,111 1,059,731 47,706 3,600,913 3,083,575 130,733 50,666 21,422 314,517

Delaware........................... 38 140,572 103,056 216,699 6,932 699,082 561,450 56,870 5,552 4,721 70,489

District of Columbia........

Florida...............................

19

208

352,513

624,137

639,813

50,766

157,667

372,607

561,045

21,173

33,148

1,347,525

2,366,929

1,133,696

1,784,730

34,415

262,038

90,305

164,203

9,313

12,816

79,796

143,142

Georgia.............................. 403 101,094 741,192 27,232 2,152,736 1,519,738 229,144 241,609 21,763 140,482

Idaho................................. 42 106,746 15,710 174,748 4,171 504,235 402,283 65,746 7,648 2,634 25,924

Illinois............................... 895 3,673,045

914,943

1,122,180 3,944,129 99,212 14,749,607 11,313,600 993,754 1,446,444 107,807 8 8 8 ,0 0 2

Indiana.............................. 485 220,019 941,690 29,525 3,781,329 3,010,049 389,303 142,675 17,031 222,271

Iowa................................... 663 580,149 222,926 901,012

565,229

16,114 2,574,237 2,013,298 250,452 130,370 4,539 175,578

Kansas............................... 607 562,836 163,392 10,455 1,966,004 1,388,002 338,062 114,537 5,076 120,327

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Kentucky........

Louisiana.........

Maine..............

Maryland........

Massachusetts.

Michigan.. . 

Minnesota.. 

Mississippi. 

Missouri. . . 

Montana. . .

Nebraska...........

Nevada..............

New Hampshire.

New Jersey........

New Mexico. . . .

New York.........

North Carolina. 

North Dakota. .

Ohio...................

Oklahoma..........

Oregon.............

Pennsylvania. . 

Rhode Island. . 

South Carolina. 

South Dakota..

Tennessee.

Texas........

Utah.........

Vermont. . 

Virginia. . .

Washington... 

West Virginia. 

Wisconsin. . . . 

Wyoming.......

Possession

Alaska........................

American Samoa. . . .

Hawaii.......................

Mariana Islands7. . . . 

Panama Canal Zone7. 

Puerto Rico7.

Virgin Islands.

383

166

95

169

368

435

681

202

599

110

4168

109

341

51

749

225

150

659

385

71

967

22

149

169

298

914

54

76

315

121

181

557

52

571,789

693,739

122,625

481,618

1,349,170

1,330,674

811,663

262,398

1,467,829

163,816

414,310

37,990

85,802

1,063,970

139,555

10,782,666

610,421

116,607

2,040,611

650,886

344,847

2,830,419

172,584

256,803

123,601

652,487

2,864,928

171,679

59,530

603,893

583,932

285,684

774,429

95,475

37,473

203

82,135

862

4,214

59,970

906

690,522

752,140

337,988

1,085,331

3.514.921

2,683,401

1,144,139

298,985

1,628,210

279,823

564,052

100,667

253,254

2,516,327

153,578

16,508,199

696,408

319,848

3,610,853

663,800

539,735

4,798,843

486,247

308,847

232,206

690,139

2.443.921 

247,229 

110,237 

819,580

778,582

455,000

1,463,512

129,616

50,790

1,068

115,440

3,785

78,406

2,683

77,363

173,017

88,861

186,902

720,706

505,814

298,253

134,219

299,211

35,580

104,077

11,397

67,517

707,020

13,268

3,814,290

251,331

48,437

720,512

157,836

128,475

1,741,383

89,040

67,561

30,979

155,348

433,176

33,100

27,649

131,192

217,913

64,596

260,007

14,221

4,746

24,581

43,891

586,278

505,282

260,244

618,830

3,262,319

1,845,679

1,170,364

236,089

1,770,866

163,134

459,878

62,629

248,789

1,853,198

116,738

20,270,642

707,783

152,651

2,770,628

536,077

587,223

4,262,168

423,633

210.272 

175,471

844,596

2,713,854

240,926

202,768

811,999

859.272 

300,803 

986,590

82,843

28,751

52

191,309

2,361

1,066

167,728

1,582

12,966

26,321

7,886

38.569 

114,480

59,631

28,123

8,642

42,383

4,810

9,370

2,997

5,379

80,200

4,025

851,925

25.569 

2,793

91,830

18,625

22,909

173,736

17,776

6,347

4,304

26,950

133,583

5,829

4,377

29,311

28,504

11,879

28,456

2,361

1,412

9

7,501

16,023

15,513

14,729

54

1,938,918

2.150.499 

817,604

2,411,250

8,961,596

6,425,199

3,452,542

940,333

5.208.499

647.163

1,551,687

215,680

660,741

6,220,715

427.164

52,227,722

2,291,512

640,336

9,234,434

2,027,224

1,623,189

13,806,549

1,189,280

849,830

566.561

2,369,520

8,589,462

698,763

404.561 

2,395,975

2,468,203

1,117,962

3,512,994

324,516

123,172

1,332

420,966

19,246

24,578

364,724

5,225

1,432,384

1,431,855

683,075

1,928,263

7,218,209

5,304,239

2,593,066

678,562

3,643,017

526,981

1,167,923

174,331

548,584

5,267,932

310,755

39,306,017

1.599.981 

469,231

7,518,849

1,453,208

1,313,936

11,073,112

1,012,540

642,655

462,176

1,647,174

6,106,089

521,566

346,318

1,781,510

2.027.982 

821,710

2,954,144

252,604

83,595

893

319,389

10,165

10,579

184,081

3,680

161,576

326,790

37,761

162,055

385.347

490,307

250,062

133,867

355,158

56,441

107,336

26,406

24,408

416,026

79,206

1,949,460

233,436

117.381 

717,717

222.348

157,499

644.381 

55,016

122,513

56,412

207,096

730,379

77,128

15,303

220,032

177,530

148,148

175,296

38,800

31,379

264

60,722

8,844

13,865

99,682

1,063

203,797

264,130

8,676

122,207

390,969

222,260

354,230

66,998

857,004

31,903

171,521

1,285

10,015

73,040

13,374

5,207,442

280,025

14,439

372,564

206,718

42,593

725,056

12,608

31,607

11,783

350,158

1,192,430

54,889

1,766

208,259

99,090

50,235

156,817

14,461

9,791

18,156

3,532

13.916 

107,507

52,492

26,086

3,709

32.917 

3,175

10,776

1,911

2,049

36,027

928

1,331,902

33,155

2,378

57,668

9,846

13,508

96,137

14,147

4,689

2,499

15,040

66,225

4,675

1,804

17,966

13,592

7,427

10,224

1,163

163

3

2,940

237

3

24,706

45

131,370

109,568

84,560

184,809

859,564

355,901

229,098

57,197

320,403

28,663

94,131

11,747

75,685

427,690

22,901

4,432,901

144,915

36,907

567,636

135,104

95,653

1,267,863

94,969

48,366

33,691

150,052

494,339

40,505

39,370

168,208

150,009

90,442

216,513

17,488

6,608

144

33,700

42,253

418

1 Includes 25 noninsured banks of deposit (17 in Georgia, 2 in Iowa, 5 in Texas, and 1 in the Virgin Islands) for which asset, liability, and capital account data are not 

available.

2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ checks, cash letters of credit, etc.

3 Deposits of the United States Government and of States and subdivisions.

4 Interbank deposits and postal savings deposits.

5 Includes Puerto Rico and the Virgin Islands.

6 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.

7 Includes asset, liability, and capital account data for the following noninsured branches of insured banks in the U. S.: 2 in the Mariana Islands (Guam and Saipan); 4 in 

the Panama Canal Zone; and 9 in Puerto Rico. Data for these branches are not included in the figures for the States in which the parent banks are located.

Back figures: See the Annual Report for 1950, pp. 234-235, and earlier reports.

ASSETS AND LIABILITIES OF OPERATING BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T ab le 107. ASSETS AND LIABILITIES OF OPERATING INSURED BANKS, DECEMBER 31, 1951, JUNE 30, 1951, AND DECEMBER 30, 1950

(Amounts in thousands of dollars)

Assets

All insured banks Insured commercial banks1 Insured mutual savings banks

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

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

Cash, balances with other banks, and cash collection items—total.................................................

Currency and coin...........................................................

Reserve with Federal Reserve banks (member banks) 

Demand balances with banks in the United States 

(except private banks and American branches of

foreign banks)..............................................................

Other balances with banks in the United States........

Balances with banks in foreign countries.....................

Cash items in process of collection...............................

Obligations of the U. S. Government, direct and

guaranteed—total................................................

Direct:

Treasury bills...............................................................

Treasury certificates of indebtedness........................

Treasury notes.............................................................

United States non-marketable bonds2 ......................

Other bonds maturing in 5 years or less..................

Other bonds maturing in 5 to 10 years....................

Other bonds maturing in 10 to 20 years..................

Bonds maturing after 20 years..................................

Guarantee^ obligations (FHA debentures)..................

Other securities—total...................................................

Obligations of States and subdivisions.........................

Other bonds, notes, and debentures3 ............................

Corporate stocks:

Federal Reserve banks...............................................

Other corporate stocks...............................................

Total securities.....................................................

194,578,227 179,945,629 182,698,421 177,449,151 163,351,016 166,791,755 17,129,076 16,594,613 15,906,666

44,937,079

2,776,754

19,911,777

11,954,486

224,865

48,929

10,020,268

37,693,753

1,934,978

18,945,745

9,005,052

267,620

119,896

7,420,462

40,481,286

2,245,253

17,459,016

10,794,765

201,977

142,293

9,637,982

44,241,808

2,685,709

19,910,524

11,557,184

41,034

48,929

9,998,428

37,005,819

1,862,593

18,944,597

8,644,564

34,131

119,896

7,400,038

39,864,505

2,164,712

17,458,039

10,442,367

38,581

142,293

9,618,513

695,271

91,045

1,253

397,302

183,831

........21,840

687,934

72,385

1,148

360.488

233.489

........20,424

616,781

80,541

977

352,398

163,396

........19,469

67,520,274

7,282,152

7,552,399

11,325,691

3,716,878

19,859,577

7,096,592

7,973,044

2,687,372

26,569

64,650,522

3,921,620

3,135,065

14,861,113

3,633,548

20,992,424

7,237,202

8,084,157

2,773,530

11,863

68,534,185

4,151,784

1,939,816

16,864,878

2,645,898

22,925,694

7,798,588

7,486,490

4,708,884

12,153

60,598,835

7,222,718

7,535,527

11,273,671

2,486,509

19,644,837

7,024,142

3,055,244

2,334,965

2 1 ,2 2 2

57,481,868

3,819,658

3,115,886

14,782,929

2,470,732

20,719,606

7,169,243

3,050,375

2,342,675

10,764

61,046,880

4,121,692

1,936,936

16,774,383

2,330,550

22,594,053

7,737,024

2,986,472

2,554,454

11,316

6,921,439

59,434

16,872

52,020

1,230,369

214,740

72,450

4,917,800

352,407

5,347

7,168,654

101,962

19,179

78,184

1,162,816

272,818

67,959

5,033,782

430,855

1,099

7,487,305

30,092

2,880

90,495

315,348

331,641

61,564

4,500,018

2,154,430

837

14,820,037

9,153,703

5,317,587

236,665

112,082

14,107,458

8,419,864

5,348,478

231,298

107,818

13,678,717

8,039,590

5,303,150

224,773

111,204

13,073,973

9,016,262

3,720,191

236,612

100,908

12,437,239

8,344,250

3,763,261

231,247

98,481

12,151,070

7,958,929

3,868,699

224,723

98,719

1,746,064

137,441

1,597,396

53

11,174

1,670,219

75,614

1,585,217

51

9,337

1,527,647

80,661

1,434,451

50

12,485

82,340,311 78,757,980 82,212,902 73,672,808 69,919,107 73,197,950 8,667,503 8,838,873 9,014,952

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Loans and discounts, net—total................................ 64,893,681 61,236,868 57,895,004 57,370,794 54,407,525 51,808,684 7,522,887 6,829,343 6,086,320

Valuation reserves4 ............................................................. 978,553 937,148 901,944 813,589 713,805 672,986 164,964 223,343 228,958

Loans and discounts, gross—total............................. 65,872,234 62,174,016 58,796,948 58,184,383 55,121,330 52,481,670 7,687,851 7,052,686 6,315,278

Commercial and industrial loans (including open

market paper)............................................................. 25,810,387 23,568,162 21,833,514 25,787,675 23,547,386 21,808,262 22,712 20,776 25,252

Loans to farmers directly guaranteed by the Commodity Credit Corporation....................................... 278,923 51,191 366,984 278,923 51,191 366,984

Other loans to farmers (excluding loans on real

estate) .......................................................................... 3,053,496 3,002,748 2,467,578 3,052,222 3,001,488 2,466,476 1,274 1,260 1 ,1 0 2

1,570,593 1,616,174 1,788,634 1,570,593 1,616,174 1,788,634

Other loans for the purpose of purchasing or carrying

securities...................................................................... 962,409 1,001,996 1,036,636 961,293 1,000,774 1,036,186 1,116 1 ,2 2 2 450

Real estate loans—'total................................................. 22,092,752 20,993,806 19,652,405 14,487,412 14,021,117 13,415,820 7,605,340 6,972,689 6,236,585

Farm land.................................................................... 1,018,61+7 1,01+2,510 979,315 982,711 1,007,260 91+6,188 35,936 35,250 33,127

Residential properties:

Insured by FH A...................................................... 5,61+9,203 1 3,351+,1+37 I 2,291+,766 ]

Insured or guaranteed by V A ................................. 1+,029,731+ )16,651,1+1+1 15,527,738 2,882,086 \10,707,81+9 10,250,306 1,11+7,61+8 \ 5,91+3,592 5,277,1+32

Not insured or guaranteed by FHA or V A ............ 7,939,915 1 1+,8U,730 1 3,095,185 J

Other properties............................................................ 3,1+55,253 3,299,855 3,11+5,352 2,1+23,1+1+8 2,306,008 2,219,326 1,031,805 993,81+7 926,026

Other loans to individuals............................................. 10,451,397 10,345,207 10,108,373 10,399,389 10,295,847 10,061,154 52,008 49,360 47,219

148,838 155,224 90,033 148,838 155,224 90,033

All other loans (including overdrafts).......................... 1,503,439 1,439,508 1,452,791 1,498,038 1,432,129 1,448,121 5,401 7,379 4,670

Total loans and securities................................. 147,233,992 139,994,848 140,107,906 131,043,602 124,326,632 125,006,634 16,190,390 15,668,216 15,101,272

Bank premises, furniture and fixtures, and other

real estate— total..................................................... 1,410,907 1,364,305 1,313,131 1,315,650 1,271,112 1,219,007 95,257 93,193 94,124

Bank premises................................................................. 1,054,064 1,028,893 996,946 964,355 942,128 914,362 89,709 86,765 82,584

Furniture and fixtures.................................................... 231,271 215,685 196,878 228,292 212,962 194,561 2,979 2,723 2,317

Real estate owned other than bank premises............. 27,383 25,418 23,123 24,814 21,713 20,155 2,569 3,705 2,968

Investments and other assets indirectly representing

bank premises or other real estate........................... 98,189 94,309 96,184 98,189 94,309 89,929 (5) (5) 6,255

Miscellaneous assets—total......................................... 996,249 892,723 796,098 848,091 747,453 701,609 148,158 145,270 94,489

Customers’ liability on acceptances outstanding........ 330,275 239,204 217,165 330,275 239,204 217,165

Income accrued but not collected................................. 344,443 325,551 330,515 283,164 264,899 277,022 ........61,279 ........60,652 ........53,493

Prepaid expenses............................................................. 41,780 48,889 35,720 39,438 45,939 30,987 2,342 2,950 4,733

Other assets..................................................................... 279,751 279,079 212,698 195,214 197,411 176,435 84,537 81,668 36,263

RATIOS

Percentages of total assets:

Cash and balances with other banks........................... 23.1% 2 1 .0 % 2 2 .2 % 24.9% 22.7% 23.9% 4.1% 4.1% 3.9%

U. S. Government obligations, direct and guaranteed 34.7 35.9 37.5 34.2 35.2 36.6 40.4 43.2 47.1

Other securities............................................................... 7.6 7.8 7.5 7.4 7.6 7.3 1 0 .2 1 0 .1 9.6

Loans and discounts....................................................... 33.4 34.0 31.7 32.3 33.3 31.1 43.9 41.2 38.2

Other assets..................................................................... 1 .2 1.3 1 .1 1 .2 1 .2 1 .1 1.4 1.4 1 .2

Total capital accounts................................................... 7.0 7.3 7.0 6.7 7.1 6 .8 9.8 9.5 9.5

ASSETS AND LIABILITIES OF OPERATING BANKS

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Federal Reserve Bank of St. Louis
Table 107. A s s e t s a n d L ia b il i t ie s o f O p e r a tin g In s u r e d B an k s, D e c e m b e r 31, 1951, J u n e 30, 1951, a n d D e c e m b e r 30, 1950— Continued

(Amounts in thousands of dollars)

Liabilities and capital

All insured banks

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

Insured commercial banks1

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

Insured mutual savings banks

Dec. 31, 

1951

June 30, 

1951

Dec. 30, 

1950

Total liabilities and capital accounts............................

Deposits of individuals, partnerships, and corporations—total.......................................................

Demand............................................................................

Time.................................................................................

Certified and officers’ checks, cash letters of credit 

and travelers’ checks outstanding, and 

amounts due to Federal Reserve banks............

Government deposits—t o ta l.........................................

United States Government—demand...........................

United States Government—time.................................

States and subdivisions—demand.................................

States and subdivisions—time.......................................

Interbank and postal savings deposits—total.........

Banks in the United States—demand..........................

Banks in the United States—time................................

Banks in foreign countries—demand............................

Banks in foreign countries—time..................................

Postal savings..................................................................

Total deposits...........................................................

Demand.....................................................................

Time..........................................................................

Miscellaneous liabilities—total...................................

Bills payable, rediscounts, and other liabilities for

borrowed money..........................................................

Acceptances outstanding................................................

Dividends declared but not yet payable......................

Income collected but not earned...................................

Expenses accrued and unpaid........................................

Other liabilities................................................................

Total liabilities (excluding capital accounts)

194,578,227 179,945,629 182,698,421 177,449,151 163,351,016 166,791,755 17,129,076 16,594,613 15,906,666

147,106,695

95,713,341

51,393,354

134,590,696

84,777,324

49,813,372

138,881,057

90,004,198

48,876,859

131,757,866

95,701,243

36,056,623

119,681,093

84,766,177

34,914,916

124,575,069

89,992,776

34,582,293

15,348,829

12,098

15,336,731

14,909,603

11.147

14,898^456

14,305,988

11,422

14,294,566

3,164,164 2,260,684 2,908,960 3,156,810 2,256,734 2,904,687 7,354 3,950 4,273

13,457,573

3,354,532

262,478

8,315,612

1,524,951

16,149,930

6,112,588

212,900

8,313,214

1,511,228

12,271,185

2,795,933

185,507

7,917,149

1,372,596

13,447,272

3,352,195

262,417

8,314,292

1,518,368

16,140,401

6,110,988

212,876

8,312,091

1,504,446

12,261,835

2,794,060

185,282

7,915,894

1,366,599

10,301

2,337

61

1,320

6,583

9,529

1,600

24

1,123

6,782

9,350

1,873

225

1,255

5,997

14,811,554

12,974,702

28,766

1,380,772

399,877

27,437

11,606,906

9,883,103

27,879

1,335,064

339,180

21,680

13,756,494

11,956,820

29,164

1,442,351

318,161

9,998

14,810,001

12,974,677

27,238

1,380,772

399,877

27,437

11,605,677

9,883,078

26,675

1,335,064

339,180

21,680

13,756,020

11,956,791

28,719

1,442,351

318,161

9,998

1,553

25

1,528

1,229

25

1,204

474

29

445

178,539,986

121+,903,123

53,636,863

164,608,216

112,681,977

51,926,239

167,817,696

117,025,1+11

50,792,285

163,171,949

121+,879,989

38,291,960

149,683,905

112,661+,132

37,019,773

153,497,611

117,006,559

36,1+91,052

15,368,037

23,131+

15,3 1+1+, 903

14,924,311

17,81+5

11+,906,1+66

14,320,085

18,852

11+,301,233

2,437,677

38,436

357,487

75,339

326,836

625,081

1,014,498

2,113,820

68,881

269,383

69,354

304,307

528,995

872,900

2,086,850

87,072

248,705

72,107

314,630

504,433

859,903

2,354,385

37,986

357,487

67,559

324,788

617,748

948,817

2,025,817

68,781

269,383

57,190

302,210

517,982

810,271

2,013,282

87,072

248,705

65,313

312,810

493,784

805,598

83,292

450

88,003

100

73,568

7,780

2,048

7,333

65,681

12,164

2,097

11,013

62,629

6,794

1,820

10,649

54,305

180,977,663 166,722,036 169,904,546 165,526,334 151,709,722 155,510,893 15,451,329 15,012,314 14,393,653

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Capital accounts— total.................................................

Capital stock, notes, and debentures...........................

Surplus.............................................................................

Undivided profits............................................................

Reserves...........................................................................

MEMORANDA 

Pledged assets and securities loaned.........................

Capital stock, notes, and debentures:

Par or face value—total.............................................

Common stock.........................................................

13,600,564

3,699,029

6,720,891

2,642,418

538,226

13,223,593

3,628,832

6,486,113

2,594,657

513,991

12,793,875

3,523,526

6,323,990

2,415,317

531,042

11,922,817

3,699,029

5,503,601

2,258,863

461,324

11,641,294

3,628,832

5,321,824

2,238,012

452,626

11,280,862

3,518,083

5,200,481

2,093,304

468,994

1,677,747

(6)

1,217,290

383,555

76,902

1,582,299

(6)

1,164,289

356,645

61,365

1,513,013

5,443

1,123,509

322,013

62,048

17,786,942 19,257,215 15,464,146 17,786,942 19,257,215 15,464,146

3,705,417

3,630,781

23,783

50,853

3,635,678

3,552,747

26,680

56,251

3,525,906

3,436,556

27,391

61,959

3,699,717

3,630,781

18,083

50,853

3,629,528

3,552,747

20,530

56,251

3,518,806

3,436,556

20,291

61,959

5,700 6,150 7,100

Capital notes and debentures....................................

Preferred stock............................................................ 5,700 6,150 7,100

Retireable value of preferred stock.............................. 102,966 109,746 118,037 102,966 109,746 118,037

Number of banks.................................................................... 13,657 13,652 13,640 13,455 13,451 13,446 2 0 2 2 0 1 194

1 Includes stock savings banks.

2 United States savings bonds, Treasury bonds (investment series A-1965), and depositary bonds.

3 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.

4 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.

5 Not applicable to mutual savings banks. Amount as of December 30, 1950 should have been reported as “ Miscellaneous assets.”

6 Not reported separately. Included with “ Reserves.”

Eack figures: See the Annual Report for 1950, pp. 236-239, and earlier reports.

ASSETS AND LIABILITIES OF OPERATING BANKS

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Federal Reserve Bank of St. Louis
Table 108. 

Table 109

Table 110.

Ox to

E x a m in e r s ’ E v a l u a t io n of I n s u r e d C o m m e r c ia l B a n k s

Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks 

examined in 1942-1951

Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks 

examined in 1951

Banks grouped according to amount of deposits

Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks 

examined in 1951

Banks grouped by Federal Deposit Insurance Corporation district and State

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
The tables in this section present a summary of the evaluation of

bank assets and liabilities made by examiners of the Federal supervisory

agencies. Since bank examinations are made at various dates during

the year, these tables differ from those in the previous sections, which

are based on reports submitted by the banks for specified dates. These

tables have been prepared from reports of examination available during

the year and do not cover precisely the banks examined in that year.

The figures for 1951 include 13,390 insured commercial banks operating

at the close of the year and 23 banks which ceased operations or were

taken over by others during the year. Figures for 26 insured banks

operating at the close of the year were not included in the tabulations:

6 because they were engaged primarily in trust business, and 20 because

reports of examination were, for various reasons, not available for

tabulation. For 383 banks the figures are derived from reports of

examination made in the last six months of 1950.

Evaluation o f assets

Book value of assets is the net value, after deduction of valuation

and premium reserves, at which the assets are carried on the books

of the banks at the time of examination.

Assets not on the books represent the determinable sound value

of assets which are not included in the bank’s statement of assets or

are carried at nominal values.

Examiners’ deductions from total assets represent the difference

between the appraised value and book value of assets shown on the

books.

Examiners’ deductions (net) from total assets in Table 110 is

the difference between examiners’ deductions and the determinable

sound values of assets not shown on the books.

Appraised value of total assets represents the value of all assets as

determined by examiners and is segregated into two groups: (1) not

criticized, which represents the appraised value of assets regarded as

suitable for bank investment; and (2) substandard, which represents the

appraised value of assets believed by the examiners to involve a substantial degree of risk, or to be otherwise undesirable for bank investment. For a description of the procedure followed in examiners’ evaluation of assets, see the following Annual Reports of the Corporation; 1938,

pages 61-78; and 1949, pages 10-11. Appraised value of other securities

and of loans and discounts does not include assets not shown on the

books which are included in the appraised value of fixed and miscellaneous assets.

Evaluation of liabilities and capital

Adjusted liabilities include all liabilities shown on the books and

such others as have been determined by the examiners.

Book value of capital accounts refers to the net worth or equity

of the stockholders (including holders of capital notes and debentures)

shown on the books at the time of examination.

Adjusted capital accounts equal book value of total capital accounts plus the value of assets not shown on the books, less examiners’

deductions from total assets, and less liabilities not shown on the books.

The term “adjusted capital accounts” corresponds to the term “net

sound capital” used in the Annual Reports of the Corporation for the

years 1939-1943.

Ox

00EXAMINERS EVALUATION OF INSURED COMMERCIAL BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Cn

T ab le 108. E x a m in e r s ’ A p p r a is a l o f A s s e ts , L ia b ilit ie s , an d C a p it a l o f I n s u r e d C o m m e r cia l B a n k s E x a m in e d in 1942-1951

(Amounts in thousands of dollars)

Asset, liability, or 

capital account item 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951

Total assets—book value............ 80,449,956 102,021,738 118,843,675 138,032,336 147,828,793 144,531,287 147,679,494 149,150,139 154,799,121 164,475,745

Assets not on the books.............. 20,089 26,346

97,144

20,897

54,193

20,283 16,017

25,095

15,156 16,056 13,252 10,464 10,232

Examiners’ deductions. . . .......... 145,741 29,354 35,596 40,775 34,009 26,699 20,138

Appraised value........................... 80,324,304 101,950,940 118,810,379 138,023,265 147,819,715 144,510,847 147,654,775 149,129,382 154,782,886 164,465,839

Not criticized............................. 78,610,078 100,690,8^3 117,98k,985 137,k0kf382 lk7,293,671 lkS,81k,520 1 k6,866,522 lk8,367,106 15k,093,855 163,8k6,2k3

Substandard............................... 1,71 k, 226 1,260,097 825,39k 618,883 526,Okk 696,327 788,253 762,276 689,031 619,596

Cash and due from banks......... 24,618,882 25,342,868 26,036,187 29,215,660 0 ) 31,790,001 33,487,233 33,021,350 32,894,750 36,931,187

U. S. Government obligations—

63,466,989 63,481,873 58,279,480

(3)

book value............................... 26,799,729 50,067,210 65,089,147 78,783,904 0 ) 69,134,182 63,438,109

Appraised value2 .......................... 26,807,855 50,073,639 65,096,303 78,794,810 0 ) (3) (2) (3) (3)

Other securities— book value. . . 6,682,798 6,055,350 5,805,695 6,215,580 0 ) 7,890,527 8,435,320 9,047,781 10,642,848 12,265,293

Appraised value........................... 6,651,951 6,040,897

5,578,71*3

5,800,937 6,213,954 0 ) 7,888,268 8,432,640 9,045,770 10,641,719 12,264,553

Not criticized............................. 6,03k,558 5,1*99,037 5,95k,653 0 ) 7,657,623 8,221,268 8,8k5,376 10,k39,625 12,078,017

Substandard............................... 617,393 k62,15k 301,900 259,301 0 ) 230,6k5 211,372 200,39k 202,09k 186,536

Loans and discounts—book

value......................................... 20,136,352 18,290,697 19,562,561 21,436,642 44,934,475 53,724,704 0 ) 33,100,496 39,416,074 40,778,572

Appraised value........................... 20,071,927 18,251,118 19,539,481 21,424,482 0 ) 33,075,357 39,385,909 40,752,947 44,913,063 

kk,k67,867

53,709,725

Not criticized............................. 19,303,969 17,710,001 19,180,1U 21,161,567 0 ) 32,653,390 38,852,883 k0,238,0k5 53,315,656

Substandard............................... 767,958 5U1,117 359,337 262,915 0 ) k21,967 533,026 51k,902 kk5,196 39k,069

Fixed and miscellaneous assets—book value................... 2,212,195 2,265,613 2,350,085 2,380,550 2,845,175 3,275,081 0) 2,616,081 2,902,758 2,835,447

Appraised value........................... 2,173,689 2,242,418 2,337,471 2,374,359 m 2,623,039 2,910,884 2.842.326 2,851,481 3,280,894

Not criticized............................. l,8kk,81k 1,985,592 2,173,31k 2,277,692 0 ) 2,579,32k 2,867,029 2,795,3k6 2,809,7kO 3,2kl,903

Substandard............................... 328,875 256,826 16k,157 96,667 0 ) k3,715 k3,855 k6,980 kl,7kl 38,991

Total liabilities—book value---- 73,529,826 94,882,516 111,242,503 129,849,891 139,081,529 135,120,704 137,795,798 138,712,491 143,936,354 152,887,150

Total deposits............................... 72,755,007 94,087,113 110,177,295 128,263,849 137,221,546 133,169,657 135,666,637 136,424,272 141,411,203

2,525,151

149,802,457

Other liabilities—book value. . . . 774,819 795,403 1,065,208 1,586,042 1,859,983 1,951,047 2,129,161 2,288,219 3,084,693

Liabilities not on the books........ 7,362 4,491 7,563 3,731 4,719 2,635 4,083 4,614

138,717,105

3,557 3,177

Adjusted total liabilities............. 73,537,188 94,887,007 111,250,066 129,853,622 139,086,248 135,123,339 137,799,881 143,939,911 152,890,327

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Total capital accounts— book

value......................................... 6,920,130 7,139,222 7,601,172 8,182,445 8,747,264 9,410,583 9,883,696 10,437,648 10,862,767 11,588,595

Assets not on the books.............. 20,089 26,346 20,897 20,283 16,017 15,156 16,056 13,252 10,464 10,232

Examiners’ deductions from total 

assets......................................... 145,741 97,144

4,491

54,193 29,354 25,095 35,596 40,775 34,009 26,699 20,138

Liabilities not on the books........ 7,362 7,563 3,731 4,719 2,635 4,083 4,614 3,557 3,177

Adjusted capital accounts.......... 6,787,116 7,063,933 7,560,313 8,169,643 8,733,467 9,387,508 9,854,894 10,412,277 10,842,975 11,575,512

Adjusted capital accounts per

$100 of—

Book capital................................. $98.08 $98.95 $99.46 $99.84 $99.84 $99.75 $99.71 $99.76 $99.82 $99.89

Appraised value of total assets. . 8.45 6.93 6.36 5.92 5.91 6.50 6.67 6.98 7.01 7.04

Substandard assets per $100 of—

Appraised value of total assets. . 2.13 1.24 .69 .45 .36 .48 .53 .51 .45 .38

Adjusted capital accounts.......... 25.26 17.84 10.92 7.58 6 .0 2 7.42 8 .0 0 7.32 6.35 5.35

Substandard loans and discounts per $100 of—

Appraised value of loans and 

discounts................................... 3.83 2.96 1.84 1.23 C1) 1.28 1.35 1.26 .99 .73

Number of banks............................. 13,303 13,207 12,983 12,473 12,493 12,747 12,927 13,266 13,374 13,413

1 Not available separately.

2 Appraised value is in excess of book value due to the excess of redemption value of U. S. savings bonds not shown on the books over examiners’ deductions of unamortized 

premiums on U. S. Government obligations purchased above par.

3 Appraised value not available. Redemption value of U. S. savings bonds not shown on the books included under fixed and miscellaneous assets, while examiners' deductions 

of unamortized premium on U. S. Government obligations purchased above par included under other securities.

Cri

OxEXAMINERS EVALUATION OF INSURED COMMERCIAL BANKS

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Federal Reserve Bank of St. Louis
T ab le 109. E x a m in e r s ’ A p p r a is a l o f A sse ts, L ia b ilit ie s , an d C a p it a l o f I n s u r e d C o m m e r cia l B a n k s E x a m in ed in 1951

BAN KS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Or

O

Banks with deposits of—

Asset, liability, or capital account item All

banks $500,000 

or less

$500,000

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

$5,000,000

$5,000,000

to

$1 0 ,0 0 0 ,0 0 0

$1 0 ,0 0 0 ,0 0 0

to

$50,000,000

$50,000,000

to

$1 0 0 ,0 0 0 ,0 0 0

More than 

$1 0 0 ,0 0 0 ,0 0 0

Total assets—book value.................................. 164,475,745 236,405 1,592,315

(A5,241,429

mounts in thoi 

14,480,022

isands of dolla 

13,630,670

rs)

28,823,507 11,647,827 88,823,570

Assets not on the books.................................... 10,232 57 404 1,614 2,718 1,913 1,704 928 894

Examiners’ deductions...................................... 20,138 253 1,253 2,995 4,985 3,196 4,052 1,243 2,161

Appraised value................................................. 164,465,839 236,209 1,591,466 5,240,048 14,477,755 13,629,387 28,821,159 11,647,512 88,822,303

Not criticized................................................... 163,81+6,21+3 231,1+91 1,568,511 5,183,861 11+,363,517 13,51+7,863 28,696,299 11,608,182 88,61+6,519

Substandard..................................................... 619,596 k, 718 22,955 56,187 111+,2S8 81,521+ 121+,860 39,330 175,781+

Cash and due from banks............................... 36,931,187 65,646 371,353 1,173,565 3,117,107 2,774,244 5,985,403 2,607,540 20,836,329

U. S. Government obligations—book value 58,279,480 73,082 577,799 2,024,439 5,620,087 5,402,607 11,388,494 4,386,696 28,806,276

Other securities—book value.......................... 12,265,293 9,183 81,403 309,326 1,124,986 1,206,347 2,440,788 871,657 6,221,603

Appraised value................................................. 12,264,553 9,176 81,369 309,268 1,124,793 1,206,272 2,440,491 871,648 6,221,536

Not criticized............................................ . 12,078,017 8,618 80,009 301+,725 1,108,386 1,187,288 2,1+05,268 856,1+59 6,127,261+

Substandard.................................................... 186,536 558 1,360 l+,51+3 16,1+07 18,981+ 35,223 15,189 91+,27 2

Loans and discounts—book value................ 53,724,704 86,223 548,636 1,687,495 4,474,146 4,093,948 8,618,607 3,605,672 30,609,977

Appraised value................................................. 53,709,725 85,997 547,513 1,684,796 4,469,801 4,091,186 8,615,712 3,605,398

3,585,112

30,609,322

Not criticized................................................... 53,315,656 81,951+ 526,231+ 1,631+,122 l+,371+,663 1+,032,391 8,535,201+ 30,51+5,976

Substandard.................................................... 39J+,069 l+,0J+3 21,279 50,671+ 95,138 58,795 80,508 20,286 63,3)+6

Fixed and miscellaneous assets—book value 3,275,081 2,271 13,124 46,604 143,696 153,524 390,215 176,262 2,349,385

Appraised value................................................. 3,280,894 2,308 13,432 47,980 145,967 155,078 391,059 176,230 2,348,840

Not criticized................................................... 3,21+1,903 2,191 13,116 1+7,010 11+3,271+ 151,333 381,930 172,375 2,330,671+

Substandard..................................................... 38,991 117 316 970 2,693 3,71+5 9,129 3,855 18,166

Total liabilities—book value........................... 152,887,150 207,624 1,439,610 4,793,669 13,371,473 12,655,105 26,934,333 10,930,884 82,554,452

Total deposits.................................................... 149,802,457 206,574 1,434,723 4,777,861 13,318,118 12,577,458

77,647

26,682,130 10,775,659 80,029,934

Other liabilities—book value............................ 3,084,693 1,050 4,887 15,808 53,355 252,203 155,225 2,524,518

Liabilities not on the books............................. 3,177 31 2 1 1 309 691 343 435 153 1,004

Adjusted total liabilities................................... 152,890,327 207,655 1,439,821 4,793,978 13,372,164 12,655,448 26,934,768 10,931,037 82,555,456

Total capital accounts—book value............. 11,588,595 28,781 152,705 447,760 1,108,549 975,565 1,889,174 716,943 6,269,118

Assets not on the books.................................... 10,232 57 404 1,614 2,718 1,913 1,704 928 894

Examiners’ deductions from total assets........ 20,138 253 1,253 2,995 4,985 3,196 4,052 1,243 2,161

Liabilities not on the books............................. 3,177 31 2 1 1 309 691 343 435 153 1,004

Adjusted capital accounts................................ 11,575,512 28,554 151,645 446,070 1,105,591 973,939 1,886,391 716,475 6,266,847

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Adjusted capital accounts per $100 of—

Book capital.................................................

Appraised value of total assets..................

Substandard assets per $100 of—

Appraised value of total assets..................

Adjusted capital accounts..........................

Substandard loans and discounts per

$100 of—

Appraised value of loans and discounts. 

Number of banks.........................................

$99.89 $99.21

7.04 12.09

.38 2 .0 0

5.35 16.52

.73 4.70

13,413 555

$99.31

9.53

1.44

15.14

3.89

1,896

Back figures: See the Annual Report for 1950, pp. 244-245, and earlier reports.

$99.62 $99.73 $99.83 $99.85 $99.93 $99.96

8.51 7.64 7.15 6.55 6.15 7.06

1.07 .79 .60 .43 .34 .2 0

12.60 10.33 8.37 6.62 5.49 2.80

3.01 2.13 1.44 .93 .56 .2 1

3,269 4,186 1,802 1,357 156 192

ZJi EXAM IN ERS’ EVALUATION OF INSURED COMMERCIAL BANKS

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Federal Reserve Bank of St. Louis
T ab le 110. E x a m in e r s ’ A p p r a is a l o f A sse ts, L ia b ilit ie s , an d C a p it a l o f I n s u r e d C o m m e r cia l B a n k s E x a m in ed in 1951 gg

BAN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

(Amounts in thousands of dollars)

Total assets Total liabilities Total capital 

accounts Adjusted 

capital 

accounts 

per $ 1 0 0 of 

appraised 

value of 

total 

assets

Substandard assets 

per $ 1 0 0 of—■

FDIC District 

and State

Number

of

banks Book

value

Examiners’

deductions

(net) 1

Appraised value

Book

value

Adjusted

value

Book

value

Adjusted

value

Appraised 

value of 

total 

assets

Adjusted

capital

accounts Total Not

criticized

Substandard

United States and

possessions........ 13,413 164,475,745 9,906 164,465,839 163,846,243 619,596 152,887,150 152,890,327 11,588,595 11,575,512 $7.04 $.38 $5.35

United States.... 13,398 164,218,676 9,392 164,209,284 163,596,045 613,239 152,649,468 152,652,637 11,569,208 11,556,647 7.04 .37 5.31

Possessions.......... 15 257,069 514 256,555 250,198 6,357 237,682 237,690 19,387 18,865 7.35 2.48 33.70

FDIC District

District 1 ............. 455 8,162,928 741 8,162,187 8,135,956 26,231 7,503,153 7,503,167 659,775 659,020 8.07 .32 3.98

District 22 ........... 973 41,544,914 2,661 41,542,253 41,348,566 193,687 38,194,929 38,195,303 3,349,985 3,346,950 8.06 .47 5.79

District 3 ............. 1,592 20,117,606 1,078 20,116,528 20,043,412 73,116 18,476,774 18,477,971 1,640,832 1,638,557 8.15 .36 4.46

District 4 ............. 1,024 8,914,275 1,361 8,912,914 8,868,007

6,288,013

44,907 8,282,181 8,282,297 632,094 630,617 7.08 .50 7.12

District 5............. 955 6,332,626 537 6,332,089 44,076 5,913,295 5,913,407 419,331 418,682 6.61 .70 10.53

District 6 ............. 1,449 9,214,257 970 9,213,287 9,168,505 44,782 8,609,836 8,609,964 604,421 603,323 6.55 .49 7.42

District 7............. 1,426 12,770,369 U73 12,770,842 12,743,064

16,005,754

27,778 12,025,001 12,025,118 745,368 745,724 5.84 .2 2 3.72

District 8 ............. 1,484 16,034,198 1,225 16,035,423 29,669 15,049,848 15,049,948 984,350 985,475 6.15 .19 3.01

District 9 ............. 1,086 4,631,716 851 4,632,567 4,610,769

6,443,361

21,798 4,333,736 4,333,799 297,980 298,768 6.45 .47 7.30

District 1 0 ........... 1,408 6,475,872 1,144 6,474,728 31,367 6,057,107 6,057,897 418,765 416,831 6.44 .48 7.53

District 1 1 ........... 1,084 10,205,956

20,071,028

2,255 10,203,701

20,069,320

10,154,903 48,798 9,581,507 9,581,650 624,449 622,051 6 .1 0 .48 7.84

District 123.......... 477 1,708 20,035,933 33,387 18,859,783 18,859,806 1,211,245 1,209,514 6.03 .17 2.76

State

Alabama.............. 225 1,361,779 363 1,361,416

521,533

1,352,206 9,210 1,264,782 1,264,801 96,997 96,615 7.10 .6 8 9.53

Arizona, .............. 1 0 521,546

861,309

13 518,017 3,516 495.659 495.660 25.887 25.873 4.96 .67 13.59

Arkansas.............. 223 153 861,156 856,832 4,324 799^139 799',151 62,170 62,005 7.20 .50 6.97

California............ 189 15,111,395 695 15,110,700 15,091,519 19,181 14,195,399 14,195,405 915,996 915,295 6.06 .13 2 .1 0

Colorado.............. 146 1,335,171 41 1,335,130 1,329,979 5,151 1,254,180 1,254,237 80,991 80,893 6.06 .39 6.37

Connecticut......... 93 1,780,950 108 1,780,842 1,775,682 5,160 1,655,052 1,655,054 125,898 125,788 7.06 .29 4.10

Delaware............. 37 550,410 72 550,338 540,997 9,341 496,655 496,656 53,755 53,682 9.75 1.70 17.40

Dist. of Columbia 19 1,303,531 63 1,303,468 1,301,239 2,229 1,223,944 1,223,968 79,587 79,500 6 .1 0 .17 2.80

Florida................. 197 2,204,306 90 2,204,216 2,190,672 13,544 2,073,056 2,073,071 131,250 131,145 5.95 .61 10.33

Georgia................ 336 1,902,918 62 1,902,856 1,890,391 12,465 1,769,288 1,769,349 133,630 133,507 7.02 .6 6 9.34

FEDERAL DEPOSIT INSURANCE CORPORATION

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Idaho.................... 41 440,962 8 440,954 440,195 759 416,850 416,852 24,112 24,102 5.47 .17 3.15

Illinois.................. 879 13,602,959 19 U 13,603,153 13,591,470 11,683 12,782,208 12,782,244 820,751 820,909 6.03 .09 1.42

Indiana................ 473 3,490,996 95 3,491,091 3,481,087 10,004 3,281,431 3,281,464 209,565 209,627 6 .0 0 .29 4.77

Iowa..................... 605 2,431,239 1,031 2,432,270 2,414,284 17,986 2,267,640 2,267,704 163,599 164,566 6.77 .74 10.93

Kansas................. 469 1,621,657 307 1,621,350 1,612,157 9,193 1,518,840 1,519,141 102,817 102,209 6.30 .57 8.99

Kentucky............ 361 1,692,623 282 1,692,341 1,684,401 7,940 1,567,048 1,567,078 125,575 125,263 7.40 .47 6.34

Louisiana............. 163 1,902,561 139 1,902,422 1,892,659 9,763 1,793,348 1,793,466 109,213 108,956 5.73 .51 8.96

Maine.................. 52 459,405 170 459,235 456,471 2,764 418,424 418,428 40,981 40,807 8.89 .60 6.77

Maryland............ 158 1,700,855 32 1,700,823 1,695,399 5,424 1,586,033 1,586,047 114,822 114,776 6.75 .32 4.73

Massachusetts. . . 173 4,649,837 123 4,649,714 4,642,006 7,708 4,263,045 4,263,052 386,792 386,662 8.32 .17 1.99

Michigan............. 411 5,980,735 82 5,980,817 5,971,281 9,536 5,654,251 5,654,275 326,484 326,542 5.46 .16 2.92

Minnesota........... 662 3,056,702 50J, 3,057,206 3,042,031 15,175 2,847,151 2,847,202 209,551 210,004 6.87 .50 7.23

Mississippi.......... 197 863,623 2 2 863,601 854,744 8,857 806,169 806,186 57,454 57,415 6.65 1.03 15.43

Missouri............... 575 4,543,291 253 4,543,038 4,523,451 19,587 4,268,201 4,268,258 275,090 274,780 6.05 .43 7.13

Montana.............. 1 1 0 579,065 106 579,171 576,238 2,933 551,597 551,599 27,468 27,572 4.76 .51 10.64

Nebraska............. 367 1,424,276 206 1,424,070 1,418,348 5,722 1,337,192 1,337,345 87,084 86,725 6.09 .40 6.60

Nevada................ 8 204,571 62 204,509 203,292 1,217 193,050 193,050 11,521 11,459 5.60 .60 10.62

New Hampshire.. 58 251,908 86 251,822 249,579 2,243 226,614 226,614 25,294 25,208 1 0 .0 1 .89 8.90

New Jersey.......... 316 5,205,866 416 5,205,450 5,166,250 39,200 4,859,602 4,859,751 346,264 345,699 6.64 .75 11.34

New Mexico........ 50 364,206 193 364,013 361,141 2,872 341,983 341,985 22,223 22,028 6.05 .79 13.04

New York............ 612 35,602,187 1,717 35,600,470 35,460,329 140,141 32,668,076 32,668,292 2,934,111 2,932,178 8.24 .39 4.78

North Carolina... 224 1,943,693 439 1,943,254 1,930,870 12,384 1,803,526 1,803,558 140,167 139,696 7.19 .64 8 .8 6

North Dakota___ 145 468,110 130 468,240 466,856 1,384 439,719 439,724 28,391 28,516 6.09 .30 4.85

Ohio..................... 647 8,308,938 364 8,308,574 8,291,130 17,444 7,784,828 7,784,858 524,110 523,716 6.30 .2 1 3.33

Oklahoma............ 374 1,825,591 524 1,825,067 1,815,114 9,953 1,694,231 1,694,481 131,360 130,586 7.16 .55 7.62

Oregon................. 67 1,488,193 601 1,487,592 1,485,233 2,359 1,399,682 1,399,686 88,511 87,908 5.91 .16 2 .6 8

Pennsylvania. . . . 945 11,808,668 714 11,807,954 11,752,282 55,672 10,691,946 10,693,113 1,116,722 1,114,841 9.44 .47 4.99

Rhode Island. . . . 11 734,032 26 734,006 732,287 1,719 682,429 682,429 51,603 51,577 7.03 .23 3.33

South Carolina... 134 721,447 90 721,357 717,238 4,119 674,501 674,515 46,946 46,842 6.49 .57 8.79

South Dakota.... 169 527,839 111 527,950 525,644 2,306 495,269 495,274 32,570 32,676 6.19 .44 7.06

Tennessee............ 290 2,117,034 282 2,116,752 2,103,821 12,931 1,975,448 1,975,477 141,586 141,275 6.67 .61 9.15

Texas.................... 861 7,417,643 1,910 7,415,733 7,383,086 32,647 6,950,517 6,950,539 467,126 465,194 6.27 .44 7.02

Utah..................... 52 631,025 170 630,855 627,985 2,870 591,910 591,916 39,115 38,939 6.17 .45 7.37

Vermont.............. 6 8 286,796 228 286,568 279,931 6,637 257,589 257,590 29,207 28,978 1 0 .1 1 2.32 22.90

Virginia................ 313 2,203,299 496 2,202,803 2,188,792 14,011 2,039,681 2,039,695 163,618 163,108 7.40 .64 8.59

Washington......... 113 2,124,264 114 2,124,150 2,118,501 5,649 1,995,806 1,995,811 128,458 128,339 6.04 .27 4.40

West Virginia.. . . 176 1,041,450 241 1,041,209 1,034,469 6,740 954,496 954,514 86,954 86,695 8.33 .65 7.77

Wisconsin............ 542 3,298,638 296 3,298,934 3,290,696 8,238 3,089,319 3,089,379 209,319 209,555 6.35 .25 3.93

Wyoming............. 52 269,177 66 269,111 267,763 1,348 252,664 252,693 16,513 16,418 6 .1 0 .50 8 .2 1

1 Examiners’ deductions (net) is net of assets not on the books. Figures in italics represent excess of appraised value of assets over book value.

2 Includes 7 banks in Puerto Rico and 1 national bank in the Virgin Islands, not members of the Federal Reserve System.

3 Includes 5 banks (3 national banks) in Alaska and 2 banks in Hawaii, not members of the Federal Reserve System. i— 

Back figures: See the Annual Report for 1950, pp. 246-247, and earlier reports. Oi

EXAMINERS EVALUATION OF INSURED COMMERCIAL BANKS

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Federal Reserve Bank of St. Louis
Table 111. Earnings, expenses, and dividends of insured commercial banks, 1943-1951

Table 112. Ratios of earnings, expenses, and dividends of insured commercial banks, 1943-1951

Table 113. Earnings, expenses, and dividends of insured commercial banks, 1951 

By class of bank

Table 114. Ratios of earnings, expenses, and dividends of insured commercial banks, 1951 

By class of bank

Table 115. Earnings, expenses, and dividends of insured commercial banks operating throughout 1951

Banks grouped according to amount of deposits

Table 116. Ratios of earnings, expenses, and dividends of insured commercial banks operating 

throughout 1951

Banks grouped according to amount of deposits

Table 117. Earnings, expenses, and dividends of insured commercial banks, by State, 1951

Table 118. Income, expenses, and dividends of insured mutual savings banks, 1951

Table 119. Ratios of income, expenses, and dividends of insured mutual savings banks, 1951

E a r n in g s , E x p e n s e s , a n d D iv id e n d s of I n s u r e d B a n k s

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Federal Reserve Bank of St. Louis
Reports of earnings, expenses, and dividends are submitted to the

Federal supervisory agencies on either a cash or an accrual basis.

Earnings data are included for all insured banks operating at the

end of the respective years, unless indicated otherwise. In addition,

appropriate adjustments have been made for banks in operation during

part of the year but not at the end of the year.

On December 8, 1947, the Commissioner of Internal Revenue issued

Comm. Mimeograph Coll. No. 6209 entitled, “Reserve Method of

Accounting for Bad Debts in the Case of Banks.,, (See pp. 82-84 in

the 1947 Annual Report.) Under this ruling, banks are permitted to

accumulate limited amounts of tax-free reserves for bad debt losses on

loans. As a result, since 1947 unusually large amounts were set aside

from income to valuation reserves, and net profits were decreased

accordingly. The uniform report of earnings and dividends for commercial banks was revised in 1948 to show separately for the first time

charge-offs and transfers to valuation reserves as well as recoveries

and transfers from valuation reserves. Also, the actual recoveries and

losses that are credited and charged to valuation reserves were reported

as memoranda items.

Averages of assets and liabilities shown in Tables 111-114 and 117

are based upon figures at the beginning, middle, and end of each year,

as reported by banks operating on those dates. Consequently, the

asset and liability averages are not strictly comparable with the earnings

data, but the differences are not large enough to affect the totals sigComm erc ia l bank s nificantly. Some further incomparability is also introduced into the

data by class of bank by shifts between those classes during the year.

Assets and liabilities shown in Table 115, and utilized for computation

of ratios shown in Table 116, are for the identical banks to which the

earnings data pertain. For national banks and State banks members

of the Federal Reserve System, assets and liabilities are as of December

31, 1951, and for other banks, are averages of beginning, middle, and

end of the year.

M utual savings banks

A uniform report of income, expenses, and dividends for mutual

savings banks was adopted by the Corporation for the calendar year

1951. Summaries of these reports are given in Tables 118 and 119.

Historical data are omitted because of lack of comparability.

The new form attempts to present operations on a basis accurately

reflecting actual income and profit and loss, and provides more detailed

information regarding losses and valuation adjustments. For a discussion of the history and principles of this uniform report see pp.

50-52 in Part Two of this Report.

Sources of data

National banks, and State banks not members of the Federal Reserve

System in the District of Columbia: Office of the Comptroller of the

Currency.

State banks members of the Federal Reserve System: Board of

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

DEPOSIT INSURANCE DISBURSEMENTS

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Federal Reserve Bank of St. Louis
T ab le 111. E a r n in g s , E x p e n se s, an d D iv id e n d s o f In s u r e d C o m m e r cia l B a n k s, 1943-1951

(Amounts in thousands of dollars)

Earnings or expense item 1943 1944 1945 1946 1947 1948 1949 1950 1951

Current operating earnings—total............... 1,959,481 2,214,905 2,482,278 2,862,875 3,097,670

1,079,535

179,408

1,263,788

3,403,586

1,008,138

189,559

3,606,879 3,930,696 4,395,411

Interest on U. S. Government obligations. . . 

Interest and dividends on other securities.... | 861,412 1,090,253 ( 1,132,977 

) 167,198

1,218,517

176,620

1,013,515

201,691

1,015,456

225,425

1,976,100

983,662

249,495

Interest and discount on loans........................ 692,305 680,708 707,738 936,554 1,577,633 1,733,690 2,390,106

Service charges and fees on bank’s loans....... 13,513 17,320 18,860 14,564 18,386 22,315

173,791

26,090 31,724 34,595

Service charges on deposit accounts............... 95,332 107,375 109,789 124,696 147,761 194,013 212,272 230,507

Other service charges, commissions, fees, and 

collection and exchange charges.................. 67,533 78,485 90,617 97,995 97,264 97,456 95,420

160,430

104,602 116,140

Trust department.............................................. 104,710 112,486 120,317 140,340 144,734 156,678 180,674 192,313

Other current operating earnings.................... 124,676 128,278 134,782 153,589 166,794 178,016 182,030 184,445 198,593

Current operating expenses—total............... 1,256,025 1,356,680 1,522,778 1,762,634 1,981,787 2,163,514 2,283,727 2,444,534 2,701,313

Salaries—officers................................................ 225,142 240,354 266,018 309,220 344,845 381,756 410,685

700,065

446,043 486,300

Salaries and wages—employees....................... 356,958 386,346 424,881 521,709 602,266 662,696 755,681 864,519

Fees paid to directors and members of executive, discount, and other committees......... 11,775 12,907 14,610 16,936 18,954 20,859 22,608 24,745 27,343

Interest on time and savings deposits............ 163,900 186,773 233,321 268,624 298,274 316,570 328,010 343,040 385,344

Interest and discount on borrowed money. . . 502 1 ,1 1 2 2,448 2,364 2,656 3,432 3,582 4,296 9,667

Taxes other than on net income...................... 99,915 97,307 98,683 96,314 103,516 106,163 113,569 128,101 135,590

Recurring depreciation on banking house, 

furniture and fixtures.................................... 40,008 41,845 40,329 40,850 42,276 48,271 53,988 59,469 65,845

Other current operating expenses.................... 357,825 390,036 442,488 506,617 569,000 623,767 651,219 683,159 726,707

Net current operating earnings..................... 703,456 858,225 959,500 1,100,241 1,115,883 1,240,072 1,323,153 1,486,164 1,694,100

Recoveries, transfers from reserve accounts,

and profits— total....................................... 353,015 361,726 509,329 408,608 262,042 266,439 213,187 245,461 169,233

On securities:

Recoveries.......................................................

Transfers from reserve accounts..................

} 91,891 92,778 122,364 59,515 45,360 ( 29,221 

1 24,161

16,412

26,672

14,718

38,639

15,292

12,285

Profits on securities sold or redeemed, . 103,143 129,834 266,764 208,700 100,189 60,025 73,196 90,469 56,563

On loans:

Recoveries.......................................................

Transfers from reserve accounts.................. } 85,664 84,224 67,014 74,499 67,687 ( 39,748 

{ 48,934

23,142

28,220

28,506

29,971

22,595

28,453

All other............................................................. 72,317 54,890 53,187 65,894 48,806 64,350 45,546 43,157 34,046

Losses, charge-offs, and transfers to reserve

accounts—total........................................... 290,645 265,881 264,122 283,175 294,286 485,753 379,824 366,932 395,687

On securities:

Losses and charge-offs...................................

Transfers to reserve accounts......................

} 116,383 110,439 132,870 132,254 118,498 ( 78,590 

[ 40,941

38,671

33,044

38,721

54,518

83,756

31,680

On loans:

Losses and charge-offs...................................

Transfers to reserve accounts......................

} 75,223 70,090 55,901 71,253 120,370 | 32,393 

{ 278,666 

55,163

29,064

221,167

23,030

191,248

21,215

204,202

Ail other............................................................. 99,039 85,352 75,351 79,668 55,418 57,878 59,414 54,836

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Net profits before income taxes.....................

Taxes on net income—total............................

Federal................................................................

State....................................................................

Net profits after income taxes........................

Dividends and interest on capital—total...

Dividends declared on preferred stock and 

interest on capital notes and debentures.. . 

Cash dividends declared on common stock...

Net additions to capital from profits...........

765,826 954,070 1,204,707 1,225,674 1,083,639 1,020,758 1,156,514 1,364,690 | 1,467,645

127,865

114,316

13,549

202,821

187,032

15,789

298,795

277,538

21,257

323,328

301,048

22,280

302,242

283,046

19,196

275,422

258,490

16,932

325,148

304,572

20,576

427,776

402,582

25,194

559,475

530,810

28,664

637,961 751,249 905,912 902,346 781,397 745,336 831,364 936,915 908,175

233,490

14,324

219,166

253,193

13,645

239,548

274,438

11,769

262,669

298,983

8,345

290,638

315,215

5,981

309,234

331,833

5,230

326,603

354,144

5,093

349,052

391,249

4,333

386,916

418,860

3,876

414,984

404,471 498,056 631,474 603,363 466,182 413,503 477,220 545,666 489,315

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

On securities.......................................................

On loans..............................................................

Losses charged to reserve accounts (not included 

in losses above):

On securities.......................................................

On loans..............................................................

(l)

0 )

0 )

(L)

0 )

0 )

0 )

0 )

0 )

0 )

0 )

0 )

(*)

0 )

0 )

0 )

0 )

(x)

C1)

7,224

10,844

18,031

46,487

2,600

19,645

6,104

72,978

3,565

223,507

6,324

257,733

2,363

28,477

17,725

64,735

Average assets and liabilities3

Assets—total........................................................

Cash and due from banks................................

United States Government obligations..........

Other securities..................................................

Loans and discounts.........................................

All other assets..................................................

Liabilities and capital—total.........................

Total deposits....................................................

Demand deposits.............................................

Time and savings deposits.............................

Borrowings and other liabilities......................

Total capital accounts......................................

103,370,189

26,774,094

50,315,698

6,321,794

18,380,838

1,577,765

123,168,863

28,042,727

67,231,161

6,088,482

20,310,112

1,496,381

145,217,438

31,236,090

82,417,236

6,623,089

23,500,772

1,440,251

151,896,770

33,286,775

81,835,381

7,556,923

27,768,296

1,449,395

148,170,261

34,279,792

70,229,835

8,315,081

33,863,334

1,482,219

150,726,513

36,247,026

64,291,298

8,872,676

39,650,962

1,664,551

151,566,078

35,683,829

63,080,739

9,387,984

41,670,879

1,742,647

158,986,894

36,006,423

63,846,830

11,043,342

46,250,272

1,840,027

169,207,394

40,373,273

59,711,922

12,554,632

54,533,221

2,034,346

103,370,189

95,506,221

77,878,606

17,627,615

617,535

7,246,433

123,168,863

114,682,390

93,267,111*

21,1*15,276

768,280

7,718,193

145,217,438

135,948,387 

108,968,917

26,979,1*70

934,381 

8,334,670

151,896,770

141,829,678

109,890,600

31,939,078

1,057,079

9,010,013

148,170,261

137,537,907 

103,159,251*

31*,378,653

1,104,386 

9,527,968

150,726,513

139,517,461 

10 b,195,063

35,322,398

1,257,852 

9,951,200

151,566,078

139,764,394

103,862,159

35,902,235

1,380,578

10,421,106

158,986,894

146,269,294

109,822,638

36,1*1*6,656

1,710,204

11,007,396

169,207,394

155,460,465 

118,189,1 71

37,271,291*

2,131,162 

11,615,767

Number of active officers, December 31............

Number of other employees, December 31........

55,309

225,647

56,494

229,377

59,119

245,275

62,697

271,395

65,740

284,072

67,609

292,015

69,439

296,308

71,566

312,324

73,806

334,961

Number of banks, December 31......................... 13,274 13,268 13,302 13,359 13,403 13,419 13,436 13,446 13,455

Note: Due to rounding, earnings data of State banks for 1949 through 1951 may not add precisely to the indicated totals.

1 Not available.

2 Revised.

3 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159. 0 0EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T ab le 112. R a t io s o f E a r n in g s , E x p e n se s, a n d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, 1943-1951 a

Earnings or expense item 1943 1944 1945 1946 1947 1948 | 1949 1950 1951

Amounts per $100 of current operating

earnings

Current operating earnings—total............... $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

Interest on U. S. Government obligations.. . . 

Interest and dividends on other securities.... } 43.96 49.22 ( 45.64 

I 6.74

42.56

6.17

34.85

5.79

29.62

5.57

28.10

5.59

25.83

5.74

22.38

5.68

Income on loans................................................ 36.02 31.52 29.27 33.22 41.39 47.01 48.79 51.08 55.17

Service charges on deposit accounts............... 4.87 4.85 4.42 4.36 4.77 5.11 5.38 5.40 5.24

Other service charges, commissions, fees, and 

collection and exchange charges.................. 3.45 3.54 3.65 3.42 3.14 2 .8 6 2.65 2 .6 6 2.64

Other current operating earnings.................... 11.70 10.87 10.28 10.27 10.06 9.83 9.49 9.29 8.89

Current operating expenses—total............... 64.10 61.25 61.35 61.57 63.98 63.57 63.32 62.19 61.46

Salaries, wages, and fees.................................. 30.31 28.88 28.42 29.62 31.19 31.30 31.42 31.20 31.35

Interest on time and savings deposits............ 8.36 8.43 9.40 9.38 9.63 9.30 9.10 8.73 8.77

Taxes other than on net income...................... 5.10 4.39 3.98 3.36 3.34 3.12 3.15 3.26 3.09

Recurring depreciation on banking house, 

furniture and fixtures.................................... 2.04 1.89 1.62 1.43 1.36 1.42 1.50 1.51 1.50

Other current operating expenses.................... 18.29 17.66 17.93 17.78 18.46 18.43 18.15 17.49 16.75

Net current operating earnings..................... 35.90 38.75 38.65 38.43 36.02 36.43 36.68 37.81 38.54

Amounts per $100 of total assets1

Current operating earnings—total...................... 1.90 1.80 1.71 1 .8 8 2.09 2.26 2.38 2.47 2.60

Current operating expenses—total...................... 1 .2 2 1 .1 0 1.05 1.16 1.34 1.44 1.51 1.54 1.60

Net current operating earnings........................... .6 8 .70 .6 6 .72 .75 .82 .87 .93 1 .0 0

Recoveries, transfers from reserve accounts, 

and profits—total.............................................. .34 .29 .35 .27 .18 .18 .14 .16 .1 0

Losses, charge-offs, and transfers to reserve accounts—total..................................................... .28 .2 2 .18 .18 .2 0 .32 .25 .23 .23

Net profits before income taxes........................... .74 .77 .83 .81 .73 .6 8 .76 .8 6 .87

Net profits after income taxes............................. .62 .61 .62 .59 .53 .49 .55 .59 .54

Amounts per $100 of total capital

accounts1

Net current operating earnings........................... 9.71 1 1 .1 2 11.51 1 2 .2 1 11.71 12.46 12.70 13.50 14.58

Recoveries, transfers from reserve accounts, 

and profits—total.............................................. 4.87 4.69 6 .1 1 4.53 2.75 2 .6 8 2.04 2.23 1.46

Losses, charge-offs, and transfers to reserve 

accounts—total.................................................. 4.01 3.45 3.16 3.14 3.09 4.88 3.64 3.33 3.41

Net profits before income taxes........................... 10.57 12.36 14.46 13.60 11.37 10.26 1 1 .1 0 12.40 12.63

Taxes on net income............................................. 1.75 2.63 3.59 3.59 3.17 2.77 3.12 3.89 4.81

Net profits after income taxes............................. 8.82 9.73 10.87 1 0 .0 1 8 .2 0 7.49 7.98 8.51 7.82

Cash dividends declared....................................... 3.23 3.28 3.29 3.32 3.31 3.33 3.40 3.55 3.61

Net additions to capital from profits.................. 5.59 6.45 7.58 6.69 4.89 4.16 4.58 4.96 4.21

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Special ratios1

Income on loans per $100 of loans......................

Income on securities per $100 of securities........

Service charges per $100 of demand deposits... 

Interest paid per $100 of time and savings 

deposits...............................................................

3.85

1.52

.12

.93

3.44

1.49

.12

.87

3.09

1.46

.10

.87

3.43

1.56

.11

.84

3.79

1.60

.14

.87

4.04

1.64

.17

.90

4.22

1.68

.19

.91

4.34

1.66

.19

.94

4.45

1.71

.2 0

1.03

Assets and liabilities per $100 of total

assets1

Assets—total........................................................ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Cash and due from banks................................ 25.91 22.77 21.51 21.91 23.14 24.05 23.55 22.65 23.86 United States Government obligations.......... 48.70 54.59 56.76 53.88 47.40 42.65 41.62 40.16 35.29 Other securities.................................................. 6 .1 1 4.94 4.56 4.98 5.61 5.89 6.19 6.94 7.42 Loans and discounts......................................... 17.75 16.49 16.18 18.28 22.85 26.31 27.49 29.09 32.23 All other assets.................................................. 1.53 1 .2 1 .99 .95 1 .0 0 1 .1 0 1.15 1.16 1 .2 0

Liabilities and capital—total......................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total deposits.................................................... 92.39 93.11 93.62 93.37 92.82 92.56 92.21 92.00 91.88 Demand deposits............................................. 75.39 75.72 75.01+ 72.3^ 69.62 69.13 68.52 69.08 69.85 Time and savings deposits............................. 17.00 17.89 18.58 21.03 23.20 23.US 23.69 22.92 22.03 Borrowings and other liabilities...................... .60 .62 .64 .70 .75 .84 .91 1.08 1.26 Total capital accounts...................................... 7.01 6.27 5.74 5.93 6.43 6.60 6.88 6.92 6.86

Number of banks, December 31......................... 13,274 13,268 13,302 13,359 13,403 13,419 13,436 13,446 13,455

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

a

Oi EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 113. E a r n in g s , E x p e n se s, an d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, 1951

BY CLASS OF BANK 

(Amounts in thousands of dollars)

Earnings or expense item Total

Members F 

National

. R. System 

State

Not 

members 

F. R.

System

Operating 

throughout 

the year

Operating 

less than 

full year1

Current operating earnings—tota l................................................................

Other service charges, commissions, fees, and collection and exchange

4,395,411

983,662

249,495

2,390,106

34,595

230,507

116,140

192,313

198,593

2,446,121

567,184

147,954

1,336,049

18,922

128,732

50,575

75,110

121,595

1,222,048

264,473

62,782

638,042

9,746

58,140

28,420

107,308

53,136

727,242

152,005

38,759

416,015

5,927

43,635

37,145

9,895

23,862

4,372,301

978,473

248,816

2,380,610

34,513

229,338

115,832

187,495

197,225

23,110

5,188

679

9,496

82

1,170

308

4,819

1,368 Other current operating earnings.....................................................................

Fees paid to directors and members of executive, discount, and other

2,701,313

486,300

864,519

27,343

385,344

9,667

135,590

65,845

726,707

1,474,064

249,290

480,542

12,939

217,742

5,409

76,764

36,971

394,407

757,414

125,945

269,451

6,207

87,526

3,668

38,181

16,093

210,344

469,835

111,065

114,526

8,197

80,076

590

20,645

12,781

121,956

2,685,497

483,489

859,263

27,211

384,230

9,617

135,049

65,582

721,056

15,816

2,810

5,257

132

1,114

50

541

263

5,652 Recurring depreciation on banking house, furniture and fixtures...............

Net current operating earnings..................................................................... 1,694,100 972,057 464,634 257,409 1,686,807 7,294

Recoveries, transfers from reserve accounts, and profits—total..........

On securities:

169,233

15,292

12,285

56,563

22,595

28,453

34,046

95,172

5,614

7,058

39,700

11,760

12,129

18,911

53,440

7,917

3,877

12,180

5,817

13,483

10,165

20,621

1,761

1,350

4,683

5,018

2,841

4,970

167,762

15,254

12,259

56,413

22,416

28,286

33,136

1,471

39

26

150

179

167

911

On loans:

Losses, charge-offs, and transfers to reserve accounts—total..............

On securities:

On loans:

395,687

83,756

31,680

21,215

204,202

54,836

230,443

51,095

17,127

9,556

125,339

27,326

108,404

21,006

11,291

3,999

54,695

17,413

56,840

11,655

3,262

7,660

24,168

10,097

393,493

83,369

31,521

20,942

203,655

54,009

2,194

388

158

274

547

827

FEDERAL DErOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Net profits before income taxes..................................................................... 1,467,645 836,786 409,670 221,189 1,461,074 6,571

Taxes on net income—total............................................................................ 559,475

530,810

28,664

331,823

316,357

15,466

159,096

149,123

9,973

68,556

65,330

3,225

556,709

528,224

28,484

2,766

2,586

180

Federal.................................................................................................

State.................................................................................................

Net profits after income taxes....................................................................... 908,175 504,963 250,574 152,638 904,370 3,805

Dividends and interest on capital—total................................................... 418,860

3,876

414,984

247,304

612

246,692

123,200

1,975

121,225

48,356

1,289

47,067

417,144

3,869

413,275

1,716

7

1,709

Dividends declared on preferred stock and interest on capital notes and 

debentures......................................................................................................

Cash dividends declared on common stock....................................................

Net additions to capital from profits.......................................................... 489,315 257,659 127,374 104,282 487,226 2,089

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above): 

On securities....................................................................................................... 2,363

28,477

17,725

64,735

1,098

19,670

6,355

44,314

987

5,384

9,564

11,267

278

3,423

1,806

9,154

2,363

28,421

17,707

64,618

On loans..................................................................... 56

18

118

Losses charged to reserve accounts (not included in losses above): 

On securities................................................................

On loans...........................................................................

Average assets and liabilities2

Assets—total...................................................................................................... 169,207,394

40,373,273

59,711,922

12,554,632

54,533,221

2,034,346

97,943,593

23,970,698

34,538,327

7,587,965

30,660,009

1,186,594

48,607,310

12,033,927

16,482,336

3,080,837

16,378,262

631,948

22,656,491

4,368,648

8,691,259

1,885,830

7,494,950

215,804

Cash and due from banks................................................................................

United States Government obligations..........................................................

Other securities..................................................................................................

Loans and discounts.........................................................................................

All other assets..................................................................................................

Liabilities and capital—total......................................................................... 169,207,394

155,460,465 

118,189,171

37,271,29b

2,131,162 

11,615,767

97,943,593

90,014,332 

69,1+40,591+

20,573,738

1,439,008 

6,490,253

48,607,310

44,581,848

34,908,121+

9,673,721+

550,592

3,474,870

22,656,491

20,864,285

13,81+0,1+53

7,023,832

141,562

1,650,644

Total deposits..................................................................

Demand deposits.............................................................................................

Tim e and savings deposits.............................................................................

Borrowings and other liabilities......................................................................

Total capital accounts....................................................................................

Number of active officers, December 31............................................................ 73,806

334,961

35,125

183,174

15,418

99,074

23,263

52,713

73,463

333,396

343 Number of other employees, December 31........................................................ 1,565

Number of banks, December 31.......................................................................... 113,455 4,939 1,898 6,618 13,386 69

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Includes banks operating less than full year and a few banks which engage primarily in fiduciary business.

2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See Table 111, p. 162-63. See also the Annual Report for 1950, pp. 254-255, and earlier reports.

OEARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T ab le 114. R a t io s o f E a r n in g s , E x p e n se s, and D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, 1951

BY CLASS OF BAN K

Earnings or expense item Total

Members F. R. System Not

members

National State

F. R.

System

Amounts per $100 of current operating earnings

Current operating earnings—total........................................................................................................ $100.00 $100 00 $100.00 $100.00

Interest on United States Government obligations............................................................................... 22.38 23.19 21.64 20.90

Interest and dividends on other securities.............................................................................................. 5.68 6.05 5.14 5.33

55.17 55.39 53.01 58.02

Service charges on deposit accounts........................................................................................................ 5.24 5.26 4.76 6 .0 0

Other service charges, commissions, fees, and collection and exchange charges................................. 2.64 2.07 2.32 5.11

Other current operating earnings............................................................................................................. 8.89 8.04 13.13 4.64

Current operating expenses—total........................................................................................................ 61.46 60.26 61.98 64.61

Salaries, wages, and fees........................................................................................................................... 31.35 30.37 32.86 32.15

Interest on time and savings deposits..................................................................................................... 8.77 8.90 7.16 1 1 .0 1

Taxes other than on net income.............................................................................................................. 3.09 3.14 3.13 2.84

Recurring depreciation on banking house, furniture and fixtures....................................................... 1.50 1.51 1.32 1.76

Other current operating expenses............................................................................................................ 16.75 16.34 17.51 16.85

Net current operating earnings............................................................................................................. 38.54 39.74 38.02 35.39

Amounts per $100 of total assets1

Current operating earnings—total............................................................................................................... 2.60 2.50 2.51 3.21

Current operating expenses—total.............................................................................................................. 1.60 1.51 1.56 2.07

Net current operating earnings.................................................................................................................... 1 .0 0 .99 .95 1.14

Recoveries, transfers from reserve accounts, and profits—total............................................................. .1 0 .1 0 .1 1 .09

Losses, charge-offs, and transfers to reserve accounts—total.................................................................. .23 .24 .2 2 .25

Net profits before income t«xes................................................................................................................... ,87 ,85 ,84 ,98

Net profits after income taxes...................................................................................................................... .54 .52 .52 .67

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

(2) (2) (2) (2)

On loans. . . . ........................................................................................................................................ .0 2 .0 2 .0 1 .0 2

Losses charged to reserve accounts (not included in losses above):

.01 .0 1 .0 2 .01

On loans...................................................................................................................................................... .04 .05 .0 2 .04

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Amounts per $100 of total capital accounts1

Net current operating earnings.................................................................................................................... 14.58 14.98 13.37 15.59

Recoveries, transfers from reserve accounts, and profits—total.............................................................. 1.46 1.46 1.54 1.25

Losses, charge-offs, and transfers to reserve accounts—total.................................................................. 3.41 3.55 3.12 3.44

Net profits before income taxes................................................................................................................... 12.63 12.89 11.79 13.40 Taxes on net income...................................................................................................................................... 4.81 5.11 4.58 4.15

Net profits after income taxes...................................................................................................... 7.82 7.78 7.21 9.25 Cash dividends declared.................................................................................................................. 3.61 3.81 3.54 2.93 Net additions to capital from profits........................................................................................... 4.21 3.97 3.67 6.32

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

On securities............................................................................................................................................... .0 2 .0 2 .03 .0 2 On loans...................................................................................................................................................... .25 .30 .15 .21 Losses charged to reserve accounts (not included in losses above):

On securities........................................................................................................................................... .15 .1 0 .28 .11 On loans...................................................................................................................................................... .56 .6 8 .32 .55

Special ratios1

Income on loans per $100 of loans.............................................................................................................. 4.45 4.42 3.96 5.63 Income on securities per $100 of securities................................................................................. 1.71 1.70 1.67 1.80 Service charges per $100 of demand deposits............................................................................. .2 0 .19 .17 .32 Interest paid per $100 of time and savings deposits................................................................................. 1.03 1.06 .90 1.14

Assets and liabilities per $100 of total assets1

Assets—total.............................................................................................................................................. 100.00 100.00 100.00 100.00 Cash and due from banks......................................................................................................................... 23.86 24.48 24.76 19.28 United States Government obligations................................................................................................... 35.29 35.26 33.91 38.36 Other securities............................................................................................................... 7.42 7.75 6.34 8.33 Loans and discounts.................................................................................................................... 32.23 31.30 33.69 33.08 All other assets............................................................................................................................... 1 .2 0 1 .2 1 1.30 .95

Liabilities and capital—total.................................................................................................................. 100.00 100.00 100.00 100.00 Total deposits............................................................................................................................................. 91.88 91.90 91.72 92.09 Demand deposits..................................................................................................................................... 69.85 70.90 71.82 61.09 Time and savings deposits.................................................................................................................. 22.03 21.00 19.90 31.00 Borrowings and other liabilities............................................................................................................... 1.26 1.47 1.13 .62 Total capital accounts................................................................................................................. 6 .8 6 6.63 7.15 7.29

Number of banks, December 31.................................................................................................................. 13,455 4,939 1,898 6,618

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

2 Less than .005.

Back figures: See Table 112, pp. 164-65. See also the Annual Report for 1950, pp. 256-257, and earlier reports.

O

COEARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 115. E a r n in g s , E x p e n s e s , an d D iv id e n d s o f In s u r e d C o m m e r cia l B a n k s O p e r a tin g T h r o u g h o u t 1951

BAN KS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Banks with deposits of— 2

Earnings or expense item All

banks1

$500,000

or

less

$500,000

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

$5,000,000

$5,000,000

to

$1 0 ,0 0 0 ,0 0 0

$1 0 ,0 0 0 ,0 0 0

to

$50,000,000

$50,000,000

to

$1 0 0 ,0 0 0 ,0 0 0

More than 

$1 0 0 ,0 0 0 ,0 0 0

4,372,301

978,473

248,816

6,656

970

218

46,199

(Amounts

152,261

i in thousand: 

417,606

3 of dollars'' 

400,601 845,355 323,308 2,180,318

Interest on United States Government obligations. . . 9,006

1,515

33,742

6,358

97,134

22,503

94,663

23,662

198,693

48,884

70,763

15,992

473,500

129,686

Interest and discount on loans......................................

Service charges and fees on bank’s loans.....................

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

Other service charges, commissions, fees, and col2,380,610

34,513

229,338

115,832

4,343

82

317

581

28,858

247

2,316

3,461

90,702

700

8 ,2 0 2

9,274

242,215

1,928

24,850

17,703

223,914

2,639

27,802

12,787

450,612

6 ,0 2 1

60,117

2 2 ,0 0 2

174,406

2,792

18,604

8,194

1,165,559 

20,106 

87,130

41,833

187,495 3 8 155 1,320 3,322 22,644

36,384

14,178 145,865

Other current operating earnings.................................. 197,225 144 786 3,128 9,953 11,813 18,378 116,639

2,685,497

483,489

859,263

27,211

4,415

1,934

29,159 94,073 262,086 256,078 550,704 207,085 1,281,899

Salaries— officers . . ................................................. 11,642 32,354 72,916 56,783 97,979 33,244 176,641

Salaries and wages—employees..................................... 563 4,022 15,752 54,480 65,297 165,880 69,312 483,957

Fees paid to directors and members of executive, 

discount, and other committees................................ 11 0 792 2,543 6,545 4,823 6,135 1,547 4,718

Interest on time and savings deposits.......................... 384,230 360 3,418 13,312 42,536 42,596 86,323 26,387 169,300

Interest and discount on borrowed money.................. 9,617 8 28 98 225 258 864 646 7,490

Taxes other than on net income .................... 135,049

65,582

225 1,281 4,466 12,876 12,591 27,337 10,601 65,672

Recurring depreciation on banking house, furniture 

and fixtures.................................................................. 91 653 2,427 7,992 8 ,2 2 2 16,583 6,039 23,576

Other current operating expenses................................. 721,056 1,125 7,323 23,123 64,517 65,510 149,600 59,312 350,545

Net current operating earnings................................... 1,686,807 2,241 17,040 58,189 155,521 144,523 294,652 116,223 898,419

Recoveries, transfers from reserve accounts, and 

profits—tota l............................................................. 167,762 217 1,273 3,890 9,403 9,143 21,620 12,074 110,143

On securities:

Recoveries................................................................... 15,254 6 49 311 837 1,203 3,035 585 9,230

Transfers from reserve accounts............................... 12,259

56,413

6 13 29 249 313 1,276 1,723 8,647

Profits on securities sold or redeemed...................... 16 94 390 1,305 1,621 4,388 2,564 46,034

On loans:

Recoveries.................................................................... 22,416 142 818 1,896 3,679 2,415 3,891 1,469

2,813

8,107

Transfers from reserve accounts............................... 28,286 4 29 257 1,097 1,224 2,972 19,890

33,136 42 271 1,006 2,236 2,366 6,060 2,920 18,235

Losses, charge-offs, and transfers to reserve accounts—tota l............................................................. 393,493 362 2,803 9,107 28,218 31,264 70,595 30,610 220,534

On securities:

Losses and charge-offs................................................ 83,369 34 268 1 ,1 0 2 5,856 7,700 18,590 6,907 42,912

Transfers to reserve accounts.................................... 31,521 6 31 300 949 1,309 4,256 1,988 22,683

On loans:

Losses and charge-offs................................................ 20,942 218 1,357 3,114 5,176 3,611 3,706 1,335 2,427

Transfers to reserve accounts. . . .......................... 203,655 45 685 2,743 10,756 13,006 32,516 15,355 128,545

All other........................................................................... 54,009 60 463 1,846 5,481 5,639 11,528 5,025 23,967

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Net profits before incom e taxes.................................. 1,461,074 2,096 15,508 52,972 136,705 122,401 245,679 97,686 788,028

Taxes on net incom e— tota l......................................... 556,709 432 3,312 11,553 35,942 40,463 94,529 41,084 329,393

528,224 4.05 3,086 10,831 34,371 38,846 91,268 39,731 309,688

28,484 27 227 722 1,571 1,617 3,262 1,353 19,704

Net profits after incom e taxes..................................... 904,370 1,664 12,196 41,419 100,763 81,939 151,151 56,602 458,635

Dividends and interest on capital — t o t a l............. 417,144 496 3,632 11,834 31,632 27,868 58,953 22,741 259,989

Dividends declared on preferred stock and interest on

capital notes and debentures..................................... 3,869 11 19 1 1 0 340 392 968 726 1,305

Cash dividends declared on common stock................. 413,275 486 3,613 11,724 31,292 27,476 57,985 22,015 258,683

Net additions to capital from profits........................ 487,226 1,166 8,565 29,585 69,133 54,071 92,198 33,861 198,646

Memoranda

Recoveries credited to reserve accounts (not included in 

recoveries above):

2,363 36 143

28,421

1 6 57 321 1,799

On loans........................................................................... 16 140 537 1,964 2,292 4,058 1,786 17,629

Losses charged to reserve accounts (not included in 

losses above):

On securities.................................................................... 17,707 1 2 23 205 138 1,536 902 14,900

On loans........................................................................... 64,618 28 322 1,241 4,905 5,460 11,484 5,346 35,830

Average assets and liabilities3

Assets—tota l..................................................................... 175,740,138 177,360 1,375,028 4,906,477 14,419,669 14,237,956 31,402,067 12,493,185 96,728,396

Cash and due from banks.............................................. 43,549,764 52,132 342,145 1,178,920 3,346,257 3,175,622 7,196,096 3,064,151 25,194,441

United States Government obligations........................ 60,160,560 54,493 502,613 1,877,033 5,510,872 5,498,453 11,966,798 4,527,384 30,222,914

Other securities............................................................... 12,932,076 7,880 67,888 286,110 1,122,349 1,260,641 2,685,488

9,193,380

881,291 6,620,429

Loans and discounts....................................................... 56,947,626 61,584 454,664 1,532,408 4,328,880 4,174,798 3,853,225 33,348,687

All other assets................................................................ 2,150,112 1,271 7,718 32,006 111,311 128,442 360,305 167,134 1,341,925

Liabilities and capital—total....................................... 175,740,138 177,360 1,375,028

1,243,782

4,906,477

4,484,905

14,419,669 14,237,956 31,402,067 12,493,185 96,728,396

Total deposits.................................................................. 161,574,944 155,870 13,303,253 13,202,520 

8,877,991*

1*,321*,526

29,199,936 11,641,542 88,343,136

Demand deposits.......................................................... 123,603,536 127,251 91*5,1*78 3,268,939 9,267,1*61 20,071,503 8,809,161 72,235,71*9

Time and savings deposits. ......................................... 37,971,1+08 28,619 298,301* 1,215,966 1*,035,792 9,128,1*33 2,832,381 16,107,387

2,344,491 585 2,665 11,781 38,679 57,286 205,086 112,172 1,916,237Borrowings and other liabilities....................................

Total capital accounts.................................................... 11,820,703 20,905 128,581 409,791 1,077,737 978,150 1,997,045 739,471 6,469,023

Number of active officers, December 31......................... 73,463 806 3,842 8,763 15,520 9,824 13,404 3,898

28,640

17,406

Number of other employees, December 31..................... 333,396 457 2,775 9,070 26,936 28,968 69,333 167,217

Number of banks, December 31....................................... 13,386 425 1,706 3,172 4,281 1,939 1,495 167 2 0 1

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 This group of banks is the same as the group shown in Table 113 under the heading “ Operating throughout the year/'

2 Deposits are as of December 31, 1951.

8 Asset and liability items are averages of figures reported at beginning, middle, and end of year for banks submitting reports to FDIC and are as of December 31, 1951, ,_

for banks not submitting reports to FDIC.

Back figures: See the Annual Report for 1950, pp. 258-259, and earlier reports. h-*

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
T ab le 116. R a t io s o f E a r n in g s , E x p e n se s, an d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s O p e r a tin g T h r o u g h o u t 1951

BAN KS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Banks with deposits of— 2

Earnings or expense item All

banks1

$500,000

or

less

$500,000

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

$5,000,000

$5,000,000

to

$1 0 ,0 0 0 ,0 0 0

$1 0 ,0 0 0 ,0 0 0

to

$50,000,000

$50,000,000

to

$1 0 0 ,0 0 0 ,0 0 0

More than 

$1 0 0 ,0 0 0 ,0 0 0

Amounts per $100 of current operating

earnings

Current operating earnings—total............................. $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

Interest on United States Government obligations. . . 22.38 14.57 19.49 22.16 23.26 23.63 23.51 21.89 21.72

Interest and dividends on other securities................... 5.69 3.27 3.28 4.17 5.39 5.91 5.78 4.95 5.95

Income on loans.............................................................. 55.24 66.48 63.00 60.03 58.46 56.55 54.02 54.81 54.38

Service charges on deposit accounts............................. 5.24 4.76 5.02 5.39 5.95 6.94 7.11 5.75 3.99

Other service charges, commissions, fees, and col3.19 2.60 2.53 1.92 lection and exchange charges..................................... 2.65 8.72 7.49 6.09 4.24

Other current operating earnings.................................. 8.80 2 .2 0 1.72 2.16 2.70 3.78 6.98 10.07 12.04

Current operating expenses—total............................. 61.42 66.33 63.12 61.78 62.76 63.92 65.14 64.05 58.79

Salaries, wages, and fees................................................ 31.33 39.16 35.62 33.27 32.08 31.68 31.94 32.20 30.52

Interest on time and savings deposits.......................... 8.79 5.41 7.40 8.74 10.19 10.63 1 0 .2 1 8.16 7.76

Taxes other than on net income................................... 3.09 3.38 2.77 2.93 3.08 3.14 3.23 3.28 3.01

Recurring depreciation on banking house, furniture

2.05 1.96 1.87 1.08 and fixtures.................................................................. 1.50 1.36 1.42 1.59 1.91

Other current operating expenses.................................. 16.71 17.02 15.91 15.25 15.50 16.42 17.80 18.54 16.42

Net current operating earnings................................... 38.58 33.67 36.88 38.22 37.24 36.08 34.86 35.95 41.21

Amounts per $100 of total assets3

Current operating earnings—total.................................... 2.49 3.75 3.36 3.11 2.90 2.82 2.69 2.59 2.25

Current operating expenses—total.................................... 1.53 2.49 2 .1 2 1.92 1.82 1.80 1.75 1 .6 6 1.32

Net current operating earnings......................................... .96 1.26 1.24 1.19 1.08 1 .0 2 .94 .93 .93

Recoveries, transfers from reserve accounts, and

profits—total................................................................ .09 .07 .1 0 .11 .1 2 .09 .08 .07 .06

Losses, charge-offs, and transfers to reserve accounts—

.23 .25 .23 total.............................................................................. .2 2 .2 0 .2 0 .19 .2 0 .2 2

Net profits before income taxes......................................... .83 1.18 1.13 1.08 .95 .8 6 .78 .78 .81

Net profits after income taxes........................................... .51 .94 .89 .84 .70 .58 .48 .45 .47

Memoranda

Recoveries credited to reserve accounts (not included 

in recoveries above):

On securities.................................................................... (4) (4) (4) (4)

.0 2

(4)

.0 1

(4)

.0 1

(4) (4)

On loans........................................................................... .0 1 .0 1 .0 2 .0 1 .0 1 .0 2

Losses charged to reserve accounts (not included in 

losses above):

(4) On securities.................................................................... .0 1 .0 2 .01 (4) (4) (4) (4) (4)

On loans........................................................................... .04 .0 2 .0 2 .03 .03 .04 .04 .04 .04

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Amounts per $100 of total capital accounts*

Net current operating earnings.........................................

Recoveries, transfers from reserve accounts, and

profits—total...............................................................

Losses, charge-offs, and transfers to reserve accounts—

total..............................................................................

Net profits before income taxes........................................

Taxes on net income...........................................................

Net profits after income taxes...........................................

Cash dividends declared.....................................................

Net additions to capital from profits...............................

14.27

1.42

3.33

12.36

4.71

7.65

3.53

4.12

10.72

1.04

1.73

10.03

2.07

7.96

2.38

5.58

13.25

.99

2.18

12.06

2.57

9.49

2.83

6.66

14.20

.95

2.22

12.93

2.82

10.11

2.89

7.22

14.43

.87

2.62

12.68

3.33

9.35

2.94

6.41

14.78

.93

3.20

12.51

4.13

8.38

2.85

5.53

14.75

1.08

3.53

12.30

4.73

7.57

2.95

4.62

15.72

1.63

4.14

13.21

5.56

7.65

3.07

4.58

13.89

1.70

3.41

12.18

5.09

7.09

4.02

3.07

Memoranda

Recoveries credited to reserve accounts (not included

in recoveries above):

On securities............................... ..................................... .02 (<)

.11

(4)

.13

(*)

.18

.01 .01 .04 .03

On loans........................................................................... .24 .08 .23 .20 .24 .27

Losses charged to reserve accounts (not included in

losses above):

On securities.................................................................... .15 (4) (4) .01 .02 .01 .08 .12 .23

On loans........................................................................... .55 .13 .25 .30 .46 .56 .58 .72 .55

Special ratios8

Income on loans per $100 of loans................................... 4.24 7.19 6.40 5.96 5.64 5.43 4.97 4.60 3.56

Income on securities per $100 of securities..................... 1.68 1.90 1.84 1.85 1.80 1.75 1.69 1.60 1.64

Service charges per $100 of demand deposits................. .19 .25 .24 .25 .27 .31 .30 .21 .12

Interest paid per $100 of time and savings deposits. .. . 1.01 1.26 1.15 1.09 1.05 .98 .95 .93 1.05

Assets and liabilities per $100 of total

assets1

Assets—total..................................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Cash and due from banks.............................................. 24.78 29.39 24.88 24.03 23.21 22.30 22.91 24.53 26.05

United States Government obligations........................ 34.23 30.73 36.55 38.26 38.22 38.62 38.11 36.24 31.24

Other securities............................................................... 7.36 4.44 4.94 5.83 7.78 8.86 8.55 7.05 6.84

Loans and discounts....................................................... 32.41 34.72 33.07 31.23 30.02 29.32 29.28 30.84 34.48

All other assets................................................................ 1.22 .72 .56 .65 .77 .90 1.15 1.34 1.39

Liabilities and capital—total....................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Total deposits.................................................................. 91.94 87.88 90.46 91.41 92.26 92.73 92.99 93.18 91.33

Demand deposits........................................................... 70.SS 71.75 68.76 66.63 6^.27 62.36 63.92 70.51 7^.68

Time and savings deposits........................................... 21.61 16.13 21.70 U-78 27.99 30.37 29.07 22.67 16.65

Borrowings and other liabilities.................................... 1.33 .33 .19 .24 .27 .40 .65 .90 1.98

Total capital accounts.................................................... 6.73 11.79 9.35 8.35 7.47 6.87 6.36 5.92 6.69

Number of banks, December 31....................................... 13,386 425 1,706 3,172 4,281 1,939 1,495 167 201

1 This group of banks is the same as the group shown in Table 113 under the heading “Operating throughout the year.” These ratios differ slightly from the ratios for all

insured commercial banks shown in Tables 112 and 114.

2 Deposits are as of December 31, 1951.

8 Asset and liability items are averages of figures reported at beginning, middle, and end of year for banks submitting reports to FDIC and are as of December 31, 1951,

for banks not submitting reports to FDIC.

4 Less than .005.

Back figures: See the Annual Report for 1950, pp. 260-261. and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 117. E a r n in g s , E x p e n se s, an d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, b y S t a t e , 1951

(Amounts in thousands of dollars)

Earnings or expense item U. S. and 

possessions

Possessions

United

States Alabama Arizona Arkansas California Colorado Connecticut Puerto

Rico Alaska Other1

Current operating earnings—total............. 4,395,411 6,969 2,268 943 4,385,231 40,919 18,890 24,535 487,201 35,670 50,909

Interest on U. S. Government obligations. . 983,662 403 445 173 982,641 7,407 2,508 5,283 83,191 8,375 10,822

Interest and dividends on other securities. . 249,495 685 29 52 248,729 2,385 719 1,747 24,288 1,234 2,613

Interest and discount on loans...................... 2,390,106 4,521 1,025 560 2,384,000 24,346 11,853 12,526 300,071 19,929 25,525

Service charges and fees on bank’s loans. . . . 34,595 163 69 1 34,362 146 371 76 7,624 292 213

Service charges on deposit accounts............. 230,507 125 79 51 230,252 2,268 1,358 1,588 30,249 2,996 3,454

Other service charges, commissions, fees, and

collection and exchange charges................ 116,140 914 556 96 114,574 1,864 447 2,308 8,672 662 802

192,313 2 1 192,310 930 356 182 14,332 1,008 4,990

Other current operating earnings.................. 198,593 156 64 10 198,363 1,574 1,279 827 18,775 1,176 2,492

Current operating expenses—total............. 2,701,313 5,417 1,435 670 2,693,791 23,351 12,581 14,346 311,036 20,913 34,323

Salaries—officers.............................................. 486,300 877 283 130 485,010 5,556 2,115 4,125 39,647 4,462 6,456

Salaries and wages—employees..................... 864,519 1,552 588 206 862,173 6,714 4,750 3,644 101,455 6,383 10,896

Fees paid to directors and members of executive, discount, and other committees....... 27,343 74 5 29 27,235 306 38 323 811 334 334

Interest on time and savings deposits.......... 385,344 646 103 129 384,466 2,632 885 915 90,929 3,069 4,505

Interest and discount on borrowed money. . 9,667 214 9,453 1 2 6 18 1,192 71 56

Taxes other than on net income.................... 135,590 363 38 18 135,171 460 384 690 12,168 443 1,302

Recurring depreciation on banking house,

furniture and fixtures.................................. 65,845 196 45 12 65,592 711 392 432 5,889 462 1,048

Other current operating expenses.................. 726,707 1,496 372 147 724,692 6,961 4,011 4,200 58,947 5,690 9,729

Net current operating earnings................... 1,694,100 1,552 834 273 1,691,441 17,568 6,309 10,190 176,165 14,758 16,586

Recoveries, transfers from reserve accounts, and profits—total...................... 169,233 555 15 32 168,631 976 188 611 16,725 1,132 922

On securities:

Recoveries . ........................ 15,292 5 15,287 14 116 672 178 79

Transfprq from resprve accounts 12.285 236 12,049 9 24 1,178 1 0 1

Profits on securities sold or redeemed. . . . 56,563 232 2 56,329 149 64 91 4,666 97 243

On loans:

Recoveries..................................................... 22,595 34 5 4 22,552 362 59 262 1,249 268 291

Transfers from reserve accounts .............. 28,453 23 2 0 28,410 171 29 8 4,840 56 62

All other............................................................ 34,046 31 11 1 34,003 272 37 1 1 0 4,121 533 145

Losses, charge-offs, and transfers to reserve accounts—total.............................. 395,687 450 301 39 394,897 4,672 1,323 1,660 34,014 3,500 3,531

On securities:

Losses and charge-offs................................. 83,756 23 45 3 83,685 900 357 515 4,657 911 708

Transfers to reserve accounts.................. 31,680 103 35 31,542 2 2 34 29 4,642 85 138

On loans:

Losses and charge-offs................................. 21,215 104 29 31 21,051 714 2 0 415 585 313 37

Transfers to reserve accounts . . .... 204,202 203 118 203,881 2,289 730 447 20,940 1,665 1,822

54,836 17 74 5 54,740 746 182 255 3,190 527 826

Net profits before income taxes................... 1,467,645 1,657 548 266 1,465,174 13,872 5,175 9,140 158,876 12,390 13,976

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Taxes on net income—total..........................

Federal..............................................................

State..................................................................

559,475

530,810

28,664

133

115

18

236

235

72

72

559,034

530,388

28,646

5,295

4,636

660

2,428

2,277

152

2.652

2.652

63,810

58,556

5,254

5,371

4,896

475

5,336

4,813

523

Net profits after income taxes......................

Dividends and interest on capital—total. .

Dividends declared on preferred stock and 

interest on capital notes and debentures. . 

Cash dividends declared on common stock. .

Net additions to capital from profits.........

908,175 1,524 313 194 906,144 8,578 2,746 6,489 95,065 7,019 8,641

418,860

3,876

414,984

646

646

102

1 0 2

55

3

52

418,057

3,873

414,184

3.359

1

3.359

1,195

35

1,160

2,218

6

2,213

57,557

318

57,237

2.636

2.636

4,334

2

4,332

489,315 878 211 139 488,087 5,218 1,552 4,271 37,510 4,383 4,307

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

On securities..................................................... 2,363

28,477

17,725

64,735

2,363

28,410

17,698

64,605

25

69

49

206

705

3,236

5,167

16,034

1

230

2

978

4

218

2 0

1 ,1 1 1

On loans..........................................................

Losses charged to reserve accounts (not included in losses above):

On securities.....................................................

On loans............................................................

26

27

97

41

33

2 1 2

5

636

424

42

1,033

Average assets and liabilities2

Assets—total................................................

Cash and due from banks..............................

United States Government obligations........

Other securities................................................

Loans and discounts......................................

All other assets................................................

Liabilities and capital— total........................

Total deposits...................................................

Demand deposits.............................

Time and savings deposits............................

Borrowings and other liabilities....................

Total capital accounts....................................

169,207,394

40,373,273

59,711,922

12,554,632

54,533,221

2,034,346

180,966

31,374

26,350

35,520

79,119

8,603

59,950

17,309

26,087

1,997

14,064

493

31,108

5,490

10,641

3,072

11,649

256

168,935,370

40,319,100

59,648,844

12,514,043

54,428,389

2,024,994

1,397,635

373,546

452,782

125,602

429,911

15,794

526,884

103,184

165,252

38,360

210,995

9,093

892,673

268,644

324,893

76,697

216,765

5,674

15,503,184

2,844,560

5,091,227

1,193,679

6,153,098

220,620

1,320,242

352,787

513,474

49,786

395,915

8,280

1,824,184

432,725

665,985

171,654

529,922

23,898

169,207,394

155,460,465

118,189,171

37,271,294

2,131,162

11,615,767

180,966

155,191

80,537

74,654

10,877

14,898

59,950

57,216 

35,927

21,289

106 

2,628

31,108

28,782

14,946

13,836

65

2,261

168,935,370

155,219,276 

118,057,761

37,161,515

2,120,114 

11,595,980

1,397,635

1,291,247

1,028,330

262,917

9,861

96,527

526,884

492,574

389,327

103,247

5,788

28,522

892,673

828,677

727,448

101,229

2,187 

61,809

15,503,184

14,340,309

8,249,840

6,090,469

251,809

911,066

1,320,242

1,233,806

995,271

238,535

6,470

79,966

1,824,184

1 ,6 8 6 ,1 0 2

1,302,768

383,334

12,605

125,477

Number of active officers, December 31..........

Number of other employees, December 31.. . .

73,806

334,961

159

940

41

182

19

83

73,587

333,756

981

2,978

282

1,973

833

1,743

5,334

33,108

732

2,745

817

4,540

Number of banks, December 31........................ 13,455 7 6 3 13,439 226 1 2 224 190 147 94

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Includes 2 banks in Hawaii, and 1 national bank in the Virgin Islands, not members of the Federal Reserve System.

2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

Oi EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 117. E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f In s u r e d C o m m e r cia l B a n k s, b y S ta te , 1951— Continued

(Amounts in thousands of dollars)

Earnings or expense item Delaware District of 

Columbia Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana

Current operating earnings—total............. 15,247 31,778 58,383 63,302 14,656 304,464 88,201 67,676 42,956 45,854 49,183

Interest on U. S. Government obligations. . 3,259 8,648 16,612 8,768 3,041 96,747 26,825 15,909 9,657 10,693 11,964

Interest and dividends on other securities. . 810 1,093 3,086 2,563 305 21,930 3,764 3,453 2,449 1 ,8 8 8 3,893

Interest and discount on loans...................... 7,967 15,173 25,251 38,620 9,281 134,501 44,505 39,057 24,666 27,465 24,185

Service charges and fees on bank’s loans. . . . 87 160 260 805 187 2,825 422 157 272 295 37

Service charges on deposit accounts............. 300 2,538 5,722 3,645 1,058 14,576 4,466 4,616 2,869 1,786 3,015

Other service charges, commissions, fees, and

collection and exchange charges................ 154 857 2,561 4,666 317 4,480 2,465 2,066 930 674 3,040

Trust department............................................ 2,316 1,913 1,208 1,842 57 17,031 1,995 632 377 1,616 519

Other current operating earnings.................. 355 1,397 3,682 2,393 410 12,374 3,760 1,786 1,739 1,436 2,530

Current operating expenses—total............. 8,291 19,863 36,466 40,696 9,484 183,981 57,012 39,828 24,881 26,462 31,479

Salaries'—officers.............................................. 1,924 3,356 6,897 8,360 2,076 32,670 11,407 11,206 7,585 6,574 6,138

Salaries and wages—employees..................... 2,491 7,507 1 1 ,1 0 0 11,024 2,641 55,928 15,617 9,650 5,993 7,112 9,119

Fees paid to directors and members of executive, discount, and other committees....... 158 238 404 556 81 1,518 798 464 417 474 474

Interest on time and savings deposits.......... 813 1,580 3,811 3,522 1,802 30,552 8,690 5,516 1,757 2,055 3,059

Interest and discount on borrowed money. . 36 33 54 118 17 558 16 31 15 73 11

Taxes other than on net income.................... 235 1,323 1,261 2,952 224 9,146 4,677 1,346 1,165 2,272 2,838

Recurring depreciation on banking house,

furniture and fixtures.................................. 264 657 1,624 1,075 327 3,326 1,308 925 518 678 885

Other current operating expenses.................. 2,371 5,168 11,315 13,089 2,315 50,285 14,498 10,690 7,429 7,225 8,956

Net current operating earnings................... 6,955 11,916 21,916 22,606 5,173 120,483 31,190 27,847 18,076 19,393 17,704

Recoveries, transfers from reserve accounts, and profits—total...................... 440 823 695 1,190 173 11,727 3,198 1,548 895 1,178 1,487

On securities:

Recoveries..................................................... 33 73 82 13 1,196 156 427 96 56 31

Transfers from reserve accounts................ 123 918 952 28 142 19

Profits on securities sold or redeemed. . . . 128 76 316 525 24 4,261 426 304 75 266 365

On loans:

Recoveries..................................................... 1 0 2 177 1 11 304 56 1,079 331 260 534 249 381

Transfers from reserve accounts................ 8 31 13 79 29 2,087 371 113 42 246 278

All other............................................................ 46 539 182 2 0 2 52 2,187 963 417 149 219 414

Losses, charge-offs, and transfers to reserve accounts—total.............................. 704 2,047 2,814 3,900 625 34,928 8,479 5,374 3,668 3,184 4,118

On securities:

Losses and charge-offs................................. 243 757 1,086 1,140 317 12,368 2,104 1,983 842 636 510

Transfers to reserve accounts.................... 3 6 52 8 1,965 1 ,0 2 0 25 35 301 629

On loans:

Losses and charge-offs................................. 48 13 216 316 80 970 297 548 802 339 306

Transfers to reserve accounts.................... 271 787 1,069 1,769 147 16,788 2,562 2,085 8 6 6 1,071 1,183

All other............................................................ 138 487 391 6 6 8 82 2,838 2,496 733 1,123 838 1,488

Net profits before income taxes................... 6,691 10,691 19,797 19,896 4,720 97,281 25,909 24,021 15,302 17,386 15,074

DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Taxes on net income— total..........................

Federal..............................................................

State..................................................................

2.846

2.846

4.893

4.893

7.440

7.440

7.742

7.742

1,958

1,718

240

30.204

30.204

8.576

8.576

6.710

6.710

5.057

5.057

5.805

5.805

5.174

5.174

Net profits after income taxes...................... 3,845 5,801 12,357 12,154 2,762 67,076 17,334 17,310 10,245 11,581 9,901

Dividends and interest on capital—total. .

Dividends declared on preferred stock and 

interest on capital notes and debentures. .

2,173 3,014 3,174 5,314

3

1,050

2

23,942

77

5,371

6 8

4,706

57

4,649

3,062

3

3,993

18

3,975

3,020

11

Cash dividends declared on common stock. . 2,173 3,014 3,174 5,311 1,048 23,865 5,303 3,059 3,008

Net additions to capital from profits......... 1,673 2,787 9,183 6,840 1,711 43,135 11,962 12,604 7,184 7,588 6,881

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

On securities..................................................... 1 18 15 1 8 4

On loans............................................................

Losses charged to reserve accounts (not included in losses above):

On securities.....................................................

46

1

136 131

17

412

18

28 2 ,2 0 1

612

595

65

820

167

2

252

1 2

657

207

266

635

85

17 On loans............................................................ 246 461 731 928 74 2,281 548 351

Average assets and liabilities1

Assets—total......................................................

Cash and due from banks..............................

United States Government obligations........

Other securities................................................

Loans and discounts........................................

All other assets.................................................

576,919

114,319

232,511

38,629

185,338

6 ,1 2 2

1,275,472

318,993

522,726

48,881

364,103

20,769

2,234,770

568,586

979,404

143,317

513,714

29,749

1,967,054

550,307

548,701

99,419

743,745

24,882

461,416

94,439

176,392

13,420

173,153

4,012

14,070,624

3,397,086

5,849,951

1,088,966

3,640,759

93,862

3,546,890

820,793

1,604,977

207,985

885,372

27,763

2,442,184

540,067

862,807

212,040

812,085

15,185

1,659,730

443,442

575,240

148,225

483,626

9,197

1,759,807

469,544

640,207

77,483

560,123

12,450

1,982,618

577,884

716,238

171,550

492,322

24,624

Liabilities and capital—total.......................

Total deposits...................................................

Demand deposits...........................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts....................................

576,919

519,639 

428,210

91 ,429

4,096 

53,184

1,275,472

1,188,518

955,268

233,250

8,659

78,295

2,234,770

2,089,879

1,709,621

380,258

11,340

133,551

1,967,054

1,815,188

1,^98,209

316,979

19,868

131,998

461,416

434,492 

328,1 U

106,351

2,453 

24,471

14,070,624

13,158,038 

9,892,873

3,265,165

81,762 

830,824

3,546,890

3,322,644

2,416,978

905,666

15,365

208,881

2,442,184

2,276,990

1,759,170

517,820

3,892

161,302

1,659,730

1,553,033

1,389,533

163,500

4,312

102,385

1,759,807

1,625,768

1,394,437

231,331

9,045

124,994

1,982,618

1,862,290

1,575,339

286,951

14,022

106,306

Number of active officers, December 31..........

Number of other employees, December 31.. . .

271

1 ,1 0 2

383

2,861

1,147

4,883

1,439

4,728

310

1,090

4,350

21,029

2,108

6,901

2,134

4,487

1,583

2,820

1,424

3,548

921

3,825

Number of banks, December 31........................ 35 19 204 337 41 882 471 606 468 361 165

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 117. E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f In s u r e d C o m m e r cia l B a n k s, b y S ta te , 1951— Continued

(Amounts in thousands of dollars)

Earnings or expense item Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New

Hampshire

Current operating earnings—total............. 14,856 41,977 128,217 158,821 90,895 25,700 118,026 16,338 35,512 5,986 8,058

Interest on U. S. Government obligations. . 3,182 12,180 27,266 41,721 18,188 4,703 23,899 4,444 8,717 1,431 1,566

Interest and dividends on other securities. . 742 1,616 5,780 8,342 4,746 2,869 5,845 618 1,617 2 1 1 393

Interest and discount on loans...................... 8,880 21,713 65,615 88,794 49,944 12,471 73,320 8,428 19,832 3,342 4,701

Service charges and fees on bank’s loans. . . . 48 85 682 1,503 427 79 570 166 62 135 18

Service charges on deposit accounts............. 965 2,806 7,685 7,956 5,238 1,417 4,559 1,349 2,349 334 737

Other service charges, commissions, fees, and

collection and exchange charges................ 2 2 1 958 3,263 3,934 7,022 3,228 2,789 616 1,085 1 0 1 158

Trust department............................................ 427 1,135 9,579 2,338 2,387 154 2,954 55 348 175 155

Other current operating earnings.................. 392 1,487 8,348 4,233 2,945 779 4,089 664 1,502 258 329

Current operating expenses— total............. 10,173 27,071 79,735 99,940 57,464 16,303 68,156 10,020 21,050 3,796 5,402

Salaries— officers.............................................. 1,729 4,427 13,507 15,132 13,711 4,233 14,252 2,392 6,033 6 8 8 1,064

Salaries and wages—employees..................... 2,694 8,301 27,468 33,298 16,161 4,214 21,719 2,588 5,261 1,187 1,304

Fees paid to directors and members of executive, discount, and other committees....... 186 472 744 934 733 277 815 77 340 11 1 1 0

Interest on time and savings deposits.......... 2,106 3,913 6,902 18,927 9,135 1,175 6,716 789 1,189 805 997

Interest and discount on borrowed money. . 1 2 82 214 371 233 14 327 4 139 13

Taxes other than on net income.................... 544 1,632 3,654 4,903 1,133 1,134 2,974 1,054 1,113 233 2 1 1

Recurring depreciation on banking house,

furniture and fixtures.................................. 218 727 2,378 2,458 1,161 365 1,797 256 510 109 186

Other current operating expenses.................. 2 ,6 8 6 7,518 24,869 23,917 15,197 4,893 19,555 2,862 6,463 764 1,519

Net current operating earnings................... 4,684 14,906 48,483 58,881 33,431 9,397 49,870 6,319 14,462 2,190 2,656

Recoveries, transfers from reserve accounts, and profits—total..................... 389 765 5,724 2,918 1,896 858 4,066 1,298 717 18 304

On securities:

Recoveries..................................................... 57 141 2 1 0 245 388 132 458 414 91 70

Transfers from reserve accounts................ 978 30 6 53 271 97 155

Profits on securities sold or redeemed. . . . 109 163 701 917 395 107 466 117 1 2 2 2 50

On loans:

Recoveries..................................................... 90 163 759 425 607 190 615 450 143 3 60

Transfers from reserve accounts................ 26 157 1,948 306 55 106 423 150 35 18

All other............................................................ 109 141 1,127 997 445 270 1,833 72 173 12 106

Losses, charge-offs, and transfers to reserve accounts—total.............................. 1,267 2,469 15,667 12,874 5,256 2,791 12,710 2,269 2,896 158 677

On securities:

Losses and charge-offs................................. 336 758 3,088 6,403 1,285 812 2,975 339 722 11 138

Transfers to reserve accounts.................... 18 2 2 1,275 1,130 258 2 0 1 904 915 2 2 0 2 0 0

On loans:

Losses and charge-offs................................. 143 74 186 457 819 330 703 388 199 11 1 0 0

Transfers to reserve accounts.................... 597 1,158 8,653 3,722 1,560 1,005 4,389 483 1,056 1 0 1 180

All other............................................................ 173 456 2,465 1,162 1,333 441 3,738 144 700 35 59

Net profits before income taxes................... 3,806 13,203 38,539 48,925 30,070 7,465 [ 41,227 5,349 12,283 2,048 2,282

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net Income—total..........................

Federal..............................................................

1.256

1.256

4.668

4.668

15,608

12,752

2,857

18.154

18.154

11,911

10,066

1,845

1.940

1.940

16,195

15,563

633

2,099

2,040

58

3.641

3.641

909

909

639

639

Net profits after income taxes...................... 2,550 8,535 22,932 30,771 18,159 5,525 25,031 3,251 8,641 1,139 1,644

Dividends and interest on capital—total. . 1,256 3,922 13,682 11,637 6,916 1,725 10,487 1,391 2,825 432 598

Dividends declared on preferred stock and

interest on capital notes and debentures. . 12 26 18 2 0 0 40 52 54 15 3

Cash dividends declared on common stock. . 1,245 3,895 13,665 11,436 6,876 1,673 10,434 1,375 2,822 432 598

Net additions to capital from profits......... 1,294 4,613 9,250 19,134 11,243 3,801 14,543 1,860 5,816 707 1,046

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

28 7 17 9 12

On loans............................................................ 31 160 384 925 258 180 518 132 180 31 61

Losses charged to reserve accounts (not included in losses above):

On securities . .................................. 8 54 403 847 4 746 150 2

On loans............................................................ 186 2 2 2 2,218 1,357 632 454 1,362 155 412 92 133

Average assets and liabilities1

Assets —total...................................................... 465,821 1,745,550 4,755,521 6,130,908

1,265,597

3,125,881 870,957 4,870,199 603,893 1,429,826 199,353 254,344

Cash and due from banks............................... 91,916 403,162 1,098,917 728,881 233,918 1,319,825

1,519,560

150,575 380,175 35,331 60,042

United States Government obligations........ 167,272 750,134 1,656,847 2,604,062 1,068,006 275,522 264,964

32,093

536,238 88,645 84,317

Other securities................................................ 36,266 86,941 289,246 482,389 254,865 127,078 281,958

1,710,348

97,994 10,859 18,114

Loans and discounts........................................ 165,355 483,273 1,623,076 1,724,871 1,047,886 226,101 151,672 406,686 61,722 89,626

All other assets................................................. 5,012 22,040 87,435 53,989 26,243 8,338 38,508 4,589 8,733 2,796 2,245

Liabilities and capital—total........................ 465,821 1,745,550 4,755,521 6,130,908 3,125,881 870,957 4,870,199 603,893 1,429,826 199,353

186,412

254,344

Total deposits................................................... 421,480 1,620,491 4,292,025 5,756,318 2,897,724 812,430 4,547,839 573,623 1,337,212 227,823

Demand deposits........................................... 247,U0 1,196,716 1,194,413

423,775

3,566,960 3,547,596 2,052,364 679,074 3,827,529 474,799 122,419 160,022

Time and savings deposits............................ 174,340 725,065 2,208,722 845,360 133,356 720,310 98,824

2,593

142,799 63,993 67,801

Borrowings and other liabilities..................... 2,771 9,951 80,098 47,570 23,006 3,264 30,006 6,358 1,590 1,333

Total capital accounts.................................... 41,570 115,108 383,398 327,020 205,151 55,263 292,354 27,677 86,256 11,351 25,188

Number of active officers, December 31.......... 317 828 1,672 2 ,0 1 2 2,591 822 2,553 413 1,193 1 11 208

Number of other employees, December 31. . . . 1,255 3,986 11,503 12,851 6,840 1,957 9,480 1,152 2,442 494 613

Number of banks, December 31........................ 54 158 173 414 663 198 575 1 1 0 367 8 58

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

COEARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 117. E a r n in g s , E x p e n s e s , an d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, b y S ta te , 1951— Continued

(Amounts in thousands of dollars)

Earnings or expense item New

Jersey

New

Mexico

New

York

North

Carolina

North

Dakota Ohio Oklahoma Oregon Pennsylvania Rhode

Island

South

Carolina

Current operating earnings-—total............. 142,698 12,040 828,008 60,186 14,403 211,928 52,138 44,954 329,825 20,690 20,848

Interest on U. S. Government obligations. . 38,901 2,223 172,529 9,741 4,063 55,199 10,425 8,910 78,424 5,554 4,343

Interest and dividends on other securities. . 10,493 239 48,393 3,685 509 13,141 2,695 2,236 27,853 464 1,177

Interest and discount on loans...................... 71,798 7,891 428,511 34,226 6,260 109,083 30,914 27,116 165,304 11,339 10,935

Service charges and fees on bank’s loans. . . . 474 186 7,488 807 115 1,383 147 266 1,467 9 40

Service charges on deposit accounts............. 9,118 700 33,594 3,188 994 10,542 3,585 3,335 11,032 875 1,620

Other service charges, commissions, fees, and

collection and exchange charges................ 1,857 300 16,456 5,217 2,024 3,872 1 ,1 0 2 955 4,485 199 1,988

Trust department............................................ 4,748 153 69,400 1,727 57 8,587 444 801 23,497 1,032 344

Other current operating earnings.................. 5,310 349 51,639 1,596 383 1 0 ,1 2 2 2,826 1,334 17,763 1,219 403

Current operating expenses—total............. 97,763 7,666 484,607 36,621 8,233 132,851 29,642 29,307 200,159 14,186 12,102

Salaries—officers.............................................. 15,070 1,665 72,587 8,363 2,341 2 0 ,2 0 0 8,205 5,273 33,564 1,823 3,089

Salaries and wages—employees..................... 29,498 2,401 195,620 10,006 1,960 38,258 8,411 10,381 64,295 4,046 3,688

Fees paid to directors and members of executive, discount, and other committees....... 1,420 6 6 3,278 369 1 0 1 1,332 305 89 3,077 151 172

Interest on time and savings deposits.......... 18,105 611 34,239 4,632 1,104 22,832 1,885 5,054 28,340 2,911 850

Interest and discount on borrowed money. . 2 1 2 19 3,873 134 8 331 56 82 497 14 8

Taxes other than on net income.................... 5,636 423 18,556 1,159 260 14,918 656 624 10,818 847 2 0 2

Recurring depreciation on banking house,

furniture and fixtures.................................. 3,372 223 7,966 1,042 178 3,189 1,034 1 ,0 0 2 5,663 302 380

Other current operating expenses.................. 24,451 2,257 148,488 10,918 2,280 31,792 9,091 6,803 53,904 4,092 3,715

Net current operating earnings................... 44,935 4,374 343,401 23,564 6,170 79,077 22,496 15,647 129,665 6,504 8,747

Recoveries, transfers from reserve accounts, and profits— total...................... 6,434 420 41,307 2,143 287 5,612 1,103 679 32,126 1,054 280

On securities:

Recoveries..................................................... 395 5 5,667 25 92 650 37 18 1,952 45 34

Transfers from reserve accounts 1 049 65 2,449 162 4 132 2,064

Profits on securities sold or redeemed. . . . 1,628 2 1 12,515 872 38 1,536 99 312 20,621 115 41

On loans:

Recoveries..................................................... 980 187 3,547 144 71 8 8 6 716 99 2,414 28 65

Transfers from reserve accounts 1,337 6 10,501 209 23 1,404 94 1 2,039 262

All other............................................................ 1,045 135 6,629 731 59 1,004 157 249 3,035 605 140

Losses, charge-offs, and transfers to reserve accounts— total.............................. 13,891 993 73,788 4,247 1,310 17,253 3,875 2,701 46,950 2,006 1,239

On securities:

Losses and charge-offs................................. 2,570 94 9,099 1,173 346 4,124 732 719 6,381 146 545

Transfers to reserve accounts.................... 1,187 5,509 231 165 2 ,2 1 0 47 5,608 150 27

On loans:

Losses and charge-offs................................. 597 243 2,108 2 0 1 8 8 625 909 60 1,359 7 85

Transfers to reserve accounts.................... 7,396 426 50,195 2,053 503 8,685 1,598 1,669 27,570 1,191 457

All other............................................................ 2,142 230 6,877 591 207 1,609 591 253 6,032 512 126

Net profits before income taxes................... 37,477 3,801 310,920 21,461 5,147 67,436 19,724 13,625 114,841 5,551 7,787

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— total..........................

Federal..............................................................

11.204

11.204

1.507

1.507

133,476

120,890

12,586

8,735

8,323

411

1,816

1,729

8 6

24.220

24.220

8,156

7,506

650

5,268

4,239

1,029

42.938

42.938

2,502

2,268

234

3,033

2,787

245

Net profits after income taxes...................... 26,274 2,294 177,444 12,726 3,332 43,217 11,568 8,357 71,904 3,049 4,755

Dividends and interest on capital—total. .

Dividends declared on preferred stock and 

interest on capital notes and debentures. . 

Cash dividends declared on common stock. .

Net additions to capital from profits.........

9,334

1,083

8,251

816

1

815

109,718

1,198

108,520

4,008

1 0

3,998

1,263

4

1,259

15,472

106

15,366

4.485

4.485

3,055

1

3,053

36,286

65

36,221

1.505

1.505

1,670

7

1,663

16,939 1,477 67,726 8,718 2,069 27,745 7,082 5,302 35,618 1,544 3,085

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

2 1 1

607

366

1,005

1,075

10,412

3,033

10,372

3

125

341

352

16

794

2,306

1,719

108

988

1,800

3,414

On loans............................................................

Losses charged to reserve accounts (not included in losses above):

On securities. . .. ..............................

144 118 338 159 44 49

13

On loans............................................................ 403 157 603 365 295 205

Average assets and liabilities1

Assets—total......................................................

Cash and due from banks..............................

United States Government obligations.........

Other securities................................................

Loans and discounts........................................

All other assets.................................................

Liabilities and capital—total........................

Total deposits.........................................

Demand deposits...........................................

Time and savings deposits............................

Borrowings and other liabilities.....................

Total capital accounts....................................

5,265,561

923,983

2,212,889

541,971

1,514,225

72,493

392,189

120,280

135,045

12,826

120,277

3,761

36,579,843

9,372,392

11,157,479

2,547,789

12,936,431

565,752

2,056,075

530,537

595,337

212,984

692,981

24,236

483,867

88,146

237,701

28,823

126,379

2,818

8,556,184

1,884,084

3,392,572

681,984

2,509,500

88,044

1,879,453

568,803

621,089

148,195

525,151

16,215

1,521,545

318,797

507,549

128,325

544,528

22,346

12,098,325

2,579,163

4,392,996

1,229,805

3,743,134

153,227

770,350

134,635

332,056

24,427

265,691

13,541

751,332

207,839

269,494

62,237

205,661

6 ,1 0 1

5,265,561

4,889,397

2,81*2,906

2,01+6,1*91

31,217

344,947

392,189

369,314

318,871

50,1*13

905

21,970

36,579,843

32,532,415

28,221*,71*7

4,307,668

1,100,285 

2,947,143

2,056,075

1,885,706

1,1*71,719

1*13,987

32,503

137,866

483,867

453,882

31*6,01*0

107,81*2

1,832

28,153

8,556,184

7,971,986

5,301,765

2,670,221

54,688

529,510

1,879,453

1,742,953

1,589,672

153,281

7,728

128,772

1,521,545

1,418,555

1,026,51*0

392,015

12,339

90,651

12,098,325

10,889,514

7,776,759

3,112,755

82,230

1,126,581

770,350

706,529

1*70,769

235,760

9,698

54,123

751,332

700,990 

611,175

89,815

4,161 

46,181

Number of active officers, December 31..........

Number of other employees, December 3 1 ... .

2,198

12,028

284

1,072

7,106

65,197

1,350

4,391

487

966

3,192

15,324

1,529

3,702

906

3,953

5,030

24,958

269

2,041

571

1,649

Number of banks. December 31........................ 314 51 610 224 145 649 374 6 8 944 11 134

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 117. E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r cia l B a n k s, b y S ta te , 1951— Continued

(Amounts in thousands of dollars)

Earnings or expense item South

Dakota Tennessee Texas Utah Vermont Virginia Washington West

Virginia Wisconsin Wyoming

Current operating earnings—total............. 16,857 63,511 204,392 19,576 10,057 66,270 63,526 29,398 81,499 8,220

Interest on U. S. Government obligations. . 3,822 1 1 ,1 2 0 37,348 3,453 1,656 12,986 10,948 7,924 24,254 1,811

Interest and dividends on other securities. . 610 3,226 8,975 572 516 2,504 4,337 1,074 4,751 287

Interest and discount on loans...................... 8,879 41,168 127,969 12,294 6,748 41,206 37,473 16,562 41,576 4,797

Service charges and fees on bank’s loans. . . . 74 351 1,302 380 54 538 502 231 475 70

Service charges on deposit accounts............. 1,256 1,936 9,916 1,033 522 3,491 5,466 1,145 4,460 551

Other service charges, commissions, fees, and

collection and exchange charges................ 1,719 2,341 5,050 6 8 8 134 1,518 1,675 581 1,817 263

Trust department............................................ 54 1,140 3,066 442 160 2,284 1,381 748 1,193 49

Other current operating earnings.................. 444 2,230 10,768 714 269 1,745 1,744 1,134 2,973 394

Current operating expenses— total............. 9,991 38,370 120,482 12,175 7,342 40,795 41,464 17,317 53,766 4,854

Salaries— officers.............................................. 2,999 7,494 28,743 2,193 1,103 8 ,2 2 1 7,794 3,618 11,711 1,236

Salaries and wages—employees..................... 2,365 10,537 33,927 3,313 1,494 10,963 14,777 4,540 14,186 1,295

Fees paid to directors and members of executive, discount, and other committees....... 168 365 1,391 205 146 639 2 1 0 309 936 84

Interest on time and savings deposits.......... 1,032 5,812 5,578 2,729 2,697 7,620 5,406 3,046 10,703 540

Interest and discount on borrowed money. . 9 152 83 38 4 60 29 51 59 12

Taxes other than on net income.................... 246 2,703 10,830 228 142 2 ,1 1 0 1,042 768 1,302 228

Recurring depreciation on banking house,

furniture and fixtures.................................. 242 1,050 3,819 273 166 1,440 1,395 575 1,364 235

Other current operating expenses.................. 2,930 10,257 36,112 3,196 1,592 9,743 10,814 4,412 13,507 1,225

Net current operating earnings................... 6,867 25,141 83,910 7,401 2,715 25,475 22,062 12,081 27,733 3,367

Recoveries, transfers from reserve accounts, and profits—total...................... 233 1,958 6,530 291 276 1,244 669 881 2,005 241

On securities:

Recoveries..................................................... 35 92 475 19 32 62 17 6 8 137 7

Transfers from reserve accounts . . . 761 70 3 1 39 96 70

Profits on securities sold or redeemed. . . . 38 402 1 ,0 0 1 67 6 8 265 216 125 1,114 16

On loans:

Recoveries..................................................... 6 6 250 2,035 146 114 429 140 278 244 136

Transfers from reserve accounts................ 2 77 440 2 29 141 29 59 46 24

All other............................................................ 92 377 2,509 56 31 310 172 351 395 57

Losses, charge-offs, and transfers to reserve accounts— total.............................. 1,100 6,482 21,041 1,171 571 3,711 6,255 1,463 6,694 580

On securities:

Losses and charge-offs................................. 160 1,629 3,462 274 129 1 ,1 1 1 2,090 347 1,463 189

Transfers to reserve accounts 49 105 509 272 932 8 397

On loans:

Losses and charge-offs................................. 1 0 1 332 3,584 233 8 8 228 171 204 203 194

Transfers to reserve accounts.................... 638 3,201 9,730 296 310 1,514 2,611 434 3,901 114

All other............................................................ 152 1,215 3,756 369 44 586 451 470 731 83

Net profits before income taxes................... 5,999 20,617 69,400 6,521 2,421 23,008 16,478 11,500 23,045 3,029

182 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Taxes on net incom e—tota l..........................

Federal..............................................................

State..................................................................

2,080

1,946

135

7,822

7,675

147

27.579

27.579

2,818

2,669

149

649

566

82

9.092

9.092

5.319

5.319

4.410

4.410

6,974

6,776

197

1.123

1.123

Net profits after incom e taxes...................... 3,918 12,795 41,821 3,703 1,772 13,916 11,159 7,089 16,071 1,906

Dividends and interest on capital—total. .

Dividends declared on preferred stock and 

interest on capital notes and debentures. . 

Cash dividends declared on common stock. .

1,357

4

1,353

5,170

11

5,159

18,167

2 1

18,147

1,533

8

1,525

707

137

571

5,601

44

5,557

4,187

2

4,184

2,567

8

2,560

5,645

138

5,507

528

7

523

Net additions to capital from profits......... 2,561 7,625 23,654 2,171 1,066 8,315 6,972 4,522 10,426 1,378

Memoranda

Recoveries credited to reserve accounts (not 

included in recoveries above):

On securities..................................................... 2 84 5 1 2

On loans............................................................

Losses charged to reserve accounts (not included in losses above):

On securities.....................................................

82 2 2 0 1,330

96

80 105

15

336

312

335

852

119

9

372

49

153

On loans............................................................ 237 784 6,505 90 174 766 942 287 816 174

Average assets and liabilities1 

Assets—tota l......................................................

Cash and due from banks..............................

United States Government obligations........

Other securities................................................

Loans and discounts........................................

All other assets.................................................

538,434

113,475

230,516

30,942

159,373

4,128

2,227,698

595,882

649,358

148,258

809,076

25,124

7,889,541

2,530,332

2,267,732

397,595

2,582,994

1 1 0 ,8 8 8

647,843

155,694

218,905

28,986

238,682

5,576

290,793

47,861

84,804

24,466

130,730

2,932

2,235,712

536,463

762,911

115,605

792,250

28,483

2,156,399

525,403

663,823

205,098

737,295

24,780

1,053,648

255,458

438,839

52,423

295,309

11,619

3,352,209

708,609

1,425,046

254,149

935,618

28,787

293,830

82,019

114,369

13,659

81,542

2,241

Liabilities and capital— total........................

Total deposits...................................................

Demand deposits...........................................

Time and savings deposits...........................

Borrowings and other liabilities....................

Total capital accounts....................................

538,434

503,944 

1+12,061+

91,880

2,109 

32,381

2,227,698

2,072,301

1,606,21+1

1+66,060

14,057

141,340

7.889,541

7,379,284

6,692,309

686,975

44,121

466,136

647,843

604,115

1+18,618

185,1+97

4,368

39,360

290,793

260,426

105,191+

155,232

1,499

28,868

2,235,712

2,055,717 

1,1+03,858

651,859

16,244 

163,751

2,156,399

2,017,376

1,1+97,031+

520,31+2

11,205

127,818

1,053,648

961,328

703,098

258,230

5,850

86,470

3,352,209

3,135,180 

1,901,093

1,231+,087

9,772 

207,257

293,830

275,793

227,1+91+

1+8,299

1,229

16,808

Number of active officers, December 31..........

Number of other employees, December 3 1 ... .

628

1,131

1,442

4,843

4,608

14,304

333

1,427

247

678

1,562

5,130

1,115

5,509

649

1,950

2,080

6,049

232

520

Number of banks, December 31........................ 169 291 870 54 6 8 315 114 177 545 52

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

EARNINGS. EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 118. In co m e , E x p e n se s, a n d D iv id e n d s o f I n s u r e d M u t u a l S a v in g s B a n k s, 1951

(Amounts in thousands of dollars)

00

rt*. Sources and disposition of income

Current operating income— total................................. ..

Interest on U. S. Government obligations............................

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

Interest and discount on real estate mortgage loans—net. . 

Interest and discount on real estate mortgage loans—gross.

Less: Mortgage servicing fees.................................................

Premium amortization.................................................

Interest and discount on other loans and discounts—net...

Income on real estate other than bank building—net.........

Income on real estate other than bank building—gross........

Less: Operating expense.........................................................

Income on other assets.............................................................

Income from service operations..............................................

Current operating expense—total.................................................................

Salaries— officers................................................................................................

Salaries and wages—employees........................................................................

Pension, hospitalization and group insurance payments, and other employee

benefits............................................................................................................

Fees paid to trustees and committee members..............................................

Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)—net............................................................................

Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)—gross.......................................................................

Less: Income from bank building...................................................................

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

Furniture and fixtures (including recurring depreciation)............................

All other current operating expense.................................................................

Net current operating income........................................................................

State franchise or income tax........................................................................

Net current operating income after taxes...................................................

Dividends and interest on deposits...............................................................

Net current operating income after taxes and dividends......................

Non-recurring income, realized profits and recoveries credited to profit

and loss, and transfers from valuation adjustment provisions—total

Non-recurring income........................................................................................

Realized profits and recoveries (see memoranda)..........................................

Transfers from valuation adjustment provisions1 (see memoranda)...........

Non-recurring expense, realized losses charged to profit and loss, and

transfers to valuation adjustment provisions—total......................

Non-recurring expense.....................................................................................

Realized losses (see memoranda) 2 ...................................................................

Transfers to valuation adjustment provisions1 (see memoranda)..............

Net additions to total surplus accounts from operations....................

513,817

171,169 

49,630 

279,405 

291,790

6.051

6,334

3,878

163

699

536

5.052 

4,520

106,654

18,030

37,707

8,939

1,872

11,589

18,248

6,659

5,907

2,280

20,330

407,163

6,094

401,069

282,235

118,834

128,790

21,045

12,194

95,551

124,491

24,724

25,663

74,104

123,133

Memoranda—realized profits and recoveries,

realized losses, and valuation adjustment

provisions1

Realized profits and recoveries credited, or realized

losses charged, to profit and loss—total...................

Securities sold or matured.....................................................

Real estate mortgage loans...................................................

Other real estate.....................................................................

All other assets........................................................................

Transfers from (or to) valuation adjustment provisions1—total...................................................................

Securities..................................................................................

Real estate mortgage loans....................................................

Other real estate.....................................................................

All other assets........................................................................

Recoveries credited (or realized losses charged) to

valuation adjustment provisions1 (not included

in recoveries or losses above)—total...........................

Securities..................................................................................

Real estate mortgage loans....................................................

Other real estate.....................................................................

All other assets........................................................................

Realized 

profits and 

recoveries, 

and transfers 

from valuation 

adjustment 

provisions

Average assets and liabilities3

Assets—total..................................................

Cash and due from banks..........................

United States Government obligations. ...

Other securities............................................

Real estate mortgage loans........................

Other loans and discounts..........................

Other real estate..........................................

All other assets............................................

Liabilities and surplus accounts—total.

Total deposits..............................................

Savings and time deposits........................

Demand deposits.......................................

Other liabilities............................................

Total surplus accounts................................

Number of active officers, December 3 1 ... 

Number of other employees, December 31.

Number of banks, December 31.

Realized 

losses and 

transfers to 

valuation 

adjustment 

provisions

12,194 25,663

8,567 25,264

484 179

300 2 0

2,843 2 0 0

95,551 74,104

11,968 52,574

80,676 18,580

373 37

2,534 2,913

824 9,832

445 9,175

274 255

294

105 108

16.694.810

662,190

7,292,576

1,662,971

6,764,780

79,331

3,386

229,576

16.694.810 

15,000,933 

14,982,411

18,522

80,463

1,613,414

1,714

11,530

1 Includes “ Valuation reserves" and “ Other asset valuation provisions (direct write-downs)."

2 Total realized losses for the year were $35,495,000, of which a portion was charged to valuation adjustment provisions (see memoranda).

3 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures: Data for prior years, which however are not comparable with figures for 1951, may be found in the following Annual Reports: 1950, pp. 272-273; and 1941, p. 173.

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
T ab le 119. R a t io s o f In com e, E x p en ses, a n d D iv id e n d s o f I n s u r e d M u t u a l S a v in g s B a n k s, 1951

Amounts per $100 of current operating income

Current operating income—total.......................................

Interest on U. S. Government obligations..........................

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

Interest and discount on real estate mortgage loans—net. 

Interest and discount on other loans and discounts—net. .

Income on other assets...........................................................

Income from service operations............................................

Current operating expense— total....................................................................

Salaries-—officers....................................................................................................

Salaries and wages—employees...........................................................................

Pension, hospitalization and group insurance payments, and other employee benefits...................................................................................................

Fees paid to trustees and committee members.................................................

Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)—net...............................................................................

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

Furniture and fixtures (including recurring depreciation)...............................

All other current operating expense....................................................................

Net current operating income................................................

State franchise or income tax.................................................

Net current operating income after taxes...........................

Dividends and interest on deposits.......................................

Net current operating income after taxes and dividends.

Amounts per $100 of total assets1

Current operating income—total............................................................................

Current operating expense—total......................... .................................................

Net current operating income................................! ...............................................

State franchise or income tax..................................................................................

Net current operating income after taxes..............................................................

Dividends and interest on deposits.........................................................................

Net current operating income after taxes and dividends.....................................

Non-recurring income, realized profits and recoveries credited to profit and

loss, and transfers from valuation adjustment provisions2—total.................

Non-recurring expense, realized losses charged to profit and loss, and transfers

to valuation adjustment provisions2—total.......................................................

Net additions to total surplus accounts from operations.....................................

$100.00

33.31

9.66

54.38

.75

1.02

.88

20.76

3.51

7.34

1.74

2.26

1.15

.44

3.96

79.24

1.18

78.06

54.93

23.13

3.08

.64

2.44

.04

2.40

1.69

.71

.77

.74

.74

Special ratios1

Interest on U. S. Government obligations per $100 of U. S. Government

obligations........................................................................................ ....................

Interest and dividends on other securities per $100 of other securities..............

Interest and discount on real estate mortgage loans per $100 of real estate

mortgage loans.......................................................................................................

Interest and discount on other loans and discounts per $100 of other loans

and discounts.........................................................................................................

Dividends and interest on deposits per $100 of savings and time deposits. . . . 

Net additions to total surplus accounts from operations per $100 of total 

surplus accounts.....................................................................................................

Average assets and liabilities1

Assets—total...............................................

Cash and due from banks......................

United States Government obligations.

Other securities........................................

Real estate mortgage loans....................

Other loans and discounts......................

Other real estate......................................

All other assets........................................

Liabilities and surplus accounts—total.

Total deposits..............................................

Savings and time deposits........................

Demand deposits.......................................

Other liabilities............................................

Total surplus accounts...............................

Number of banks, December 31.

$2.35

2.98

4.13

4.89

1.88

7.63

100.00

3.97

43.68

9.96

40.52

.48

.02

1.37

100.00

89.85

89.7U

.11

.48

9.67

202

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

2 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs).”

Back figures: Data for prior years, which however are not comparable with figures for 1951, may be found in the 1950 Annual Report, pp. 274-275.

i—i

00

C71 EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

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Federal Reserve Bank of St. Louis
D e p o s it I n s u r a n c e D is b u r s e m e n t s

Table 120, Disbursements, deposits, and depositors in insured banks financially aided by the 

Federal Deposit Insurance Corporation, 1934-1951

Banks grouped by class of bank, year of aid, amount of deposits, and State

Table 121. Assets and liabilities of insured banks placed in receivership and of insured banks 

absorbed with the financial aid of the Federal Deposit Insurance Corporation, 

1934-1951

As shown by books of bank at date of closing

Table 122. Name, location, Federal Deposit Insurance Corporation disbursement, and assets 

and liabilities of insured banks absorbed with the financial aid of the Corporation 

during 1951

Table 123. Recoveries and losses by the Federal Deposit Insurance Corporation in connection 

with insured banks financially aided by the Corporation, 1934-1951 

As shown by books of FDIC, December 31, 1951

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Federal Reserve Bank of St. Louis
Disbursements by the Federal Deposit Insurance Corporation

to protect depositors have been made when insured banks because of

financial difficulties are placed in receivership or are absorbed with the

aid of the Corporation. In receiverships the disbursement is the amount

pai(J by the Corporation on insured deposits. In absorptions the Corporation’s disbursement is the amount loaned to absorbed banks, or the

price paid for assets purchased from them.

Detailed data for insured banks placed in receivership are omitted

since there has been no receivership since 1944. For such data, see

the Annual Reports of the Corporation for 1946, pages 167 and 171,

and 1950, page 280.

Deposits of insured banks placed in receivership as given in Table

120 are taken from the books of FDIC at the end of the year and differ

from the deposits in Table 121 which are taken from books of the

bank at date of closing. This is because the former include deposits

discovered or reclassified after the date of a bank’s closing.

Details of the absorptions during 1951 are given in Table 122. The

disbursements by the Corporation wrere made to purchase assets from

the selling banks which were not acceptable to the purchasing banks.

Noninsured bank failures

Three noninsured banks failed in 1950. The name and location of

these banks and their deposits and date of closing are given below.

Corbin State Bank, Corbin, Kansas, February 1951, deposits $165,000.

The Commercial Bank of Tolfree, Livingston and Company, West

Branch, Mich., July 1951, deposits $1,600,000.

Bank of Pickford, Pickford, Mich., October 1951, deposits $924,000.

For suspensions of noninsured banks in previous years, see the

Annual Reports of the Corporation as follows: 1943, p. 102; 1946,

p. 167; 1947, p. 159; 1949, p. 187; and 1950, p. 277.

Sources of data

Insured banks; books of bank at date of closing; and books of FDIC,

December 31, 1951; noninsured banks, news reports.

ooDEPOSIT INSURANCE DISBURSEMENTS

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Federal Reserve Bank of St. Louis
Table 120. D is b u r s e m e n ts , D e p o s its , a n d D e p o s it o r s in I n s u r e d B a n k s F in a n c ia lly A id e d b y 

t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n , 1934-1951

BANKS GROUPED BY CLASS OF BANK, YEAR OF AID, AMOUNT OF DEPOSITS, AND STATE

Classification

Disbursements by FDIC 

(in thousands of dollars) Number of banks Deposits 

(in thousands of dollars) 1 Number of depositors1

Total Receiverships

Absorptions Total Receiverships

Absorptions Total Receiverships

Absorptions Total Receiverships

Absorptions2

All banks................................... 275,751 87,044 188,707 417 245 172 536,517 109,590 426,927 1,359,406 382,722 976,684

Class of bank

National banks....................... 53,466 14,808 38,658 73 2 1 52 111,804 19,474 92,330 290,082 55,406 234,676

State banks members F. R.

System................................. 101,276 20,934 80,342 2 2 6 16 187,609 26,537 161,072 368,461 82,818 285,643

Banks not members F. R.

System................................. 121,009 51,302 69,707 322 218 104 237,104 63,579 173,525 700,863 244,498 456,365

Year

1934 941 941 9 9 1,968 1,968 15,767 15,767

1935 ..................................... 8,890 6,025 2,865 25 24 1 13,320 9,091 4,229 44,655 32,331 12,324

1936......................................... 14,800 8,056 6,744 69 42 27 27,528 11,241 16,287 89,024 43,225 45,799

1937......................................... 19,163 12,044 7,119 75 50 25 33,345 14,960 18,385 130,409 74,148 56,261

1938......................................... 30,479 9,092 21,387 74 50 24 59,724 10,296 49,428 203,970 44,288 159,682

1939......................................... 67,780 26,197 41,583 60 32 28 157,777 32,738 125,039 392,723 90,169 302,554

1940......................................... 74,447 4,895 69,552 43 19 24 142,389 5,657 136,732 256,373 20,667 235,706

1941......................................... 23,930 12,278 11,652 15 8 7 29,721 14,730 14,991 73,046 38,594 34,452

1942 ....................................... 11,154 1,612 9,542 2 0 6 14 19,011 1,816 17,195 60,602 5,717 54,885

1943......................................... 7,250 5,500 1,750 5 4 1 12,535 6,637 5,898 27,372 16,917 10,455

1944......................................... 1,519 404 1,115 2 1 1 1,915 456 1,459 5,488 899 4,589

1945 1,874 1,874 1 1 5,695 5,695 12,484 12,484

1946 292 292 1 1 316 316 1,404 1,404

1947 1,777 1,777 5 5 6,966 6,966 10,618 10,618

1948 3,027 3,027 3 3 10,455 10,455 18,311 18,311

1949 2,558 2,558 4 4 4,977 4,977 5,660 5,660

1950 3,986 3,986 4 4 5,467 5,467 6,224 6,224

1951 1,884 1,884 2 2 3,408 3,408 5,276 5,276

Banks with deposits of—

$1 0 0 ,0 0 0 or less...................... 4,946 4,308 638 106 83 23 6,358 4,947 1,411 38,064 29,695 8,369

$100,000 to $250,000............. 12,909 11,554 1,355 109 8 6 23 17,759 13,920 3,839 83,379 65,512 17,867

$250,000 to $500,000............. 15,211 10,223 4,988 60 36 24 21,409 12,462 8,947 90,910 56,777 34,133

$500,000 to $1,000,000.......... 26,997 13,901 13,096 55 24 31 41,358 17,590 23,768 144,613 63,487 81,126

$1 ,0 0 0 ,0 0 0 to $2 ,0 0 0 , 0 0 0 ___ 31,898 8,961 22,937 42 9 33 61,185 11,748 49,437 191,807 54,324 137,483

$2,000,000 to $5,000,000___ 45,547 12,421 33,126 27 5 2 2 83,918 16,279 67,639 219,423 51,756 167,667

$5 ,0 0 0 ,0 0 0 to $1 0 ,0 0 0 ,0 0 0 . 23,680 23,680 1 0 1 0 65,407 65,407 170,850 170,850

$10,000,000 to $25,000,000.’ ! 40,910 25,676 15,234 4 2 2 79,755 32,644 47,111 148,031 61,171 86,860

$25,000,000 to $50,000,000. . 73,653 73,653 4 4 159,368 159,368 272,329 272,329

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
State

Alabama..................................

Arkansas.................................

California................................

Colorado.................................

Connecticut............................

Florida.....................................

Georgia....................................

Illinois.....................................

Indiana....................................

Iowa.........................................

Kansas.....................................

Kentucky................................

Louisiana.................................

Maryland................................

Massachusetts........................

Michigan.................................

Minnesota...............................

Mississippi..............................

Missouri..................................

Montana..................................

Nebraska.................................

New Hampshire.....................

New Jersey.............................

New York...............................

North Carolina.......................

North Dakota.........................

Ohio.........................................

Oklahoma................................

Oregon.....................................

Pennsylvania..........................

South Carolina.......................

South Dakota.........................

Tennessee................................

Texas.......................................

Vermont..................................

Virginia...................................

Washington.............................

West Virginia..........................

Wisconsin................................

Wyoming.................................

237 94 143 2 1

841 841 5 5

861 861 1

8 8 1 1

1,242 1,242 2 2

300 203 97 2 1

863 846 17 8 7

4,014 1,242 2,772 16 6

6,207 3,096 3,111 2 0 15

1,456 385 1,071 6 3

975 482 493 9 5

4,594 3,329 1,265 2 2 18

6 6 8 6 6 8 3 3

3,109 735 ........2,374 5 2

1 ,564 1,564 2

6,308 139 6,169 8 3

640 640 5 5

257 257 3 3

4,981 4,335 646 46 34

639 186 453 5 3

469 469 4 4

118 118 1

80,929 25,103 55,826 38 11

67,781 10,835 56,946 25 3

2,387 1,156 1,231 7 2

2,659 1,397 1,262 29 18

1,874 1,610 264 3 2

2,444 1,133 1,311 8 5

962 962 1

51,339 10,133 41,206 28 8

298 136 162 2 1

2,411 2,388 23 23 2 2

1,278 1,164 114 1 2 8

2,761 2,468 293 18 16

3,445 3,259 186 3 2

5,040 511 4,529 8 3

935 935 1

1,458 1,458 3 3

7,197 5,096 2 ,1 0 1 31 2 0

2 0 2 2 0 2 1

1 Data from books of FDIC, December 31, 1951. 

8 Number of deposit accounts.

1

1

10

5

3

4 

4

12

2

1

27

22

5

11

1

3 

1

20

1

1

4 

2

1

5 

1

’ 11

1

529

1,168

1,078

8

1,526

491

1,027

9,562

13,236

5,516

1,233

7,951

1,652

4,569

3,019

13,531

818

334

7,149

1,007

538

296

192,431

138,826

3,266

3,830

3,087

4,151

1,114

74,360

850

2,988

1,942

3,925

3,725

10,746

1,538

2,006

9,503

1,991

1 0 1 428 3,231 794 2,437

1,168 3,529 3,529

1,078 3,169 3,169

..............8 1 0 ............10

1,526 5,379 5,379

217 274 1,642 448 1,194

998 29 8,094 7,773 321

1,637 7,925 20,034 5,372 14,662

3,932 9,304 30,011 12,549 17,462

498 5,018 13,666 1,676 11,990

539 694 5,147 2,254 2,893

3,954 3,997 34,623 18,490 16,133

1,652 6,087 6,087

828 ........3,741 22,569 6,643 15,926

3,019 9,062 9,062

160 13,371 31,549 928 30,621

818 2,650 2,650

334 1,651 1,651

5,116 2,033 34,929 26,760 8,169

215 792 1,488 849 639

538 2,224 2,224

296 1,781 1,781

30,915 161,516 520,384 101,614 418,770

13,286 125,540 259,905 28,440 231,465

1,421 1,845 10,409 3,677 6,732

1,552 2,278 14,109 6,760 7,349

2,345 742 8,541 7,585 956

1,659 2,492 10,564 5,874 4,690

1,114 2,105 2,105

14,340 60,020 164,537 43,828 120,709

136 714 1,848 403 1,445

2,862 126 12,516 11,412 1,104

1,620 322 12,358 9,993 2,365

3,239 6 8 6 19,864 18,334 1,530

3,375 350 11,058 8,687 2,371

629 10,117 26,063 2,964 23,099

1,538 4,181 4,181

2,006 • • 8,346 ........8,346

5,966 3,537 26,896 18,739 8,157

1,991 3,197 3,197

00

CDDEPOSIT INSURANCE DISBURSEMENTS

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Federal Reserve Bank of St. Louis
Table 121. A s s e t s a n d L ia b i l i t i e s o f I n s u r e d B a n k s P la c e d in R e c e iv e r s h ip a n d o f In s u r e d B a n k s A b s o r b e d w it h 

t h e F in a n c ia l A id o f t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n , 1934-1951

o

AS SHOWN BY BOOKS OF BANK AT DATE OF CLOSING

Year

Assets

Cash and 

due from 

banks

Total $122,829,688

RECEIVERSHIPS2

Total | $22,620,382

ABSORPTIONS

Total $100,209,306

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

404,834

3,109,830

4,717,074

8,133,887

27,451,442

30,227,874

3,167,243

4,159,617

1,216,987

368,633

2,440,786

126,764

2,769,014

6,864,201

2,616,025

1,548,158

886,937

U. S. Government 

obligations

$81,232,381

$10,154,078

$71,078,303

233,395

2,071,296

2,495,254

7,018,796

27,929,162

17,183,076

801,273

3,547,766

2,903,771

585,251

1,371,925

114,326

2,201,186

1,013,657

647,349

335,163

625,657

Other

securities

$74,374,358

$15,946,562

$58,427,796

1,403,807

2,080,059

3,520,186

10,377,037

16,266,036

17,987,527

2,835,309

2,275,392

555,383

230,282

55,504

30,236

318,322

178,720

217,903

89,643

6,450

Loans,

discounts,

and

overdrafts

$240,015,425

$65,569,217

$174,446,208

2,256,417

8,917,554

8,678,629

20,896,236

44,289,765

60,687,428

8.178.623 

7,731,137 

1,675,734

367,086

2,435,488

77,049

1,452,370

2,015,414

1,336,785

1.965.624 

1,484,869

Banking 

house, 

furniture &

fixtures

$22,533,522 $59,563,796

$5,375,616 $12,293,686

$17,157,906 $47,270,110

608,467

1,277,605

562,181

2,873,257

5,142,882

1,184,658

926,359

3,913,009

15,459,743

4,553,388

798,028

759,861

274,331

22,840,095

1,014,582

1,824,586

15,844

67,428

4,609

2,369

56,630

112,200

61,705

40,500

34,502

Other

real

estate

1

19,196

Other

$13,645,183

$8,330,507

$5,314,676

10,808

325.362 

186,497

2,380,489

1,049,600

458,831

197,669

354.362 

34,523 

32,108 

83,603

425

215

156,808

5,853

26,030

11,493

Total

$614,194,353

$140,290,048

$473,904,305

4,917,728

18,966,364

21,086,180

55,592,711

137,588,630

153,938,219

16,992,727

20,652,721

6,676,573

1,650,788

6,391,915

351,169

6,797,738

10,360,196

4,885,620

4,005,118

3,049,908

Liabilities and capital accounts

Total

deposits

$534,301,281

$107,374,564

$426,926,717

4,228,816

16,287,262

18,384,923

49,428,383

125,038,946

136,731,549

14,990,768

17,195,146

5,897,691

1,459,091

5,695,202

316,402

6,965,742

10,454,520

4,977,235

5,466,946

3,408,095

Other

liabilities

$11,684,307 $25,155,114

$10,122,023 $5,896,246

$1,562,284 $19,258,868

140

19,769

262,651

168,674

679,659

310,000

609,200

3,726,463

6,103,500

157,766

57,508

584

7,186,655

289,000

913,400

96,000

5,959

200,915

8,659

R. F. C.

capital

15,000

9,650

Private

capital

stock

$38,401,611

$12,254,299

$26,147,312

315.000

1.664.000 

1,808,400 

2,697,650

6.381.000

8,666,162

1,111,250

1,748,200

300.000

200.000

331.500

10,000

197.500 

375,000

142.500 

114,150

85,000

Other

capital

accounts1

$4,652,040

$4,642,916

$ 9,124

373,772

685,333

21,006

-428,459

-614,475

1,196,087

544,201

795,391

382,882

-8,303

365,213

24,767

-365,504

-469,324

-255,074

-1,786,543

-451,846

1 Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, as shown by books. Minus (-) indicates net operating deficit.

2 No insured bank has been placed in receivership since 1944. For data by years see the Annual Report of the Corporation for 1950, p. 280.

FEDERAL DEPOSIT INSURANCE CORPORATION

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T a b le 1 2 2 . N am e, L o c a t io n , F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n D is b u r s e m e n t, a n d A s s e t s a n d L ia b ilit ie s o f 

I n s u r e d B a n k s A b s o r b e d w it h t h e F in a n c ia l A id o f t h e C o r p o r a t io n D u r in g 1951

Case Name and location Class of bank Number of

Disbursement

Absorbing bank number accounts1

Date Amount2

171 Brazeau Bank, 

Brazeau, Missouri

State bank not 

member F. R. System

367 January 22, 1951 $65,349 Bank of Perry ville, 

Perryville, Missouri

172 The Parnassus National Bank, 

New Kensington, Pennsylvania

National bank 4,909 August 25, 1951 $1,818,692 Mellon National Bank and Trust Co. 

of Pittsburgh,

Pittsburgh, Pennsylvania

Case

number

Assets

Cash and 

due from 

banks

U. S. Government 

obligations

Other

securities

Loans,

discounts,

and

overdrafts

Banking 

house, 

furniture & 

fixtures

Other

real

estate

Other

Total

Liabilities and capital accounts

Total

deposits3

Other

liabilities

E. F. C.

capital

Private

capital

stock

Other

capital

accounts4

Total

171

172

$886,937

85,324

801,613

$625,657

15,000

610,657

$6,450

6,450

$1,484,869

44,080

1,440,789

$34,502

2

34,500

$11,493

11,493

$3,049,908

144,406

2,905,502

$3,408,095

147,862

3,260,233

$8,659

310

8,349

$85,000

10,000

75,000

$-451,846

-13,766

-438,080

1 Number of accounts as of December 31, 1951, from books of FDIC.

2 As of December 31, 1951; does not include preliminary and field liquidation expenses or advances for the protection of assets incident to the transaction.

3 As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing.

4 Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, after adjustment for liabilities discovered subsequent to closing. Minus (-) indicates net 

operating deficit.

DEPOSIT INSURANCE DISBURSEMENTS

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Table 123. R e co v erie s and L osses by th e F e d e ra l D eposit Insurance C orp oration in C onnection w ith

In su red B anks F in an cially Aided by th e C orp oration , 1934-1951

AS SHOWN BY BOOKS OF FDIC, DECEMBER 31, 1951

(Amounts in thousands of dollars)

Liquidation status

and year of

receivership or

absorption

All banks

Number

of

banks

Estimated

FDIC

disbursement

Recoveries

to

December

31, 1951

Estimated

additional

recoveries

Estimated

Receiverships

Number

of

banks

FDIC

disbursement

Recoveries Losses

Absorptions

Number

of

banks

Estimated

FDIC

disbursement

Recoveries

to

December

31, 1951

Estimated

additional

recoveries

Estimated

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

Status

Active........

Terminated

Year

193 4 

193 5 

193 6 

193 7 

193 8 

193 9 

194 0 

194 1 

194 2 

194 3 

194 4 

194 5

194 6 

194 7 

194 8 

194 9 

195 0 

195 1 

417

7

410

275,751

6,375

269,376

941

8,890

14,800

19,163

30,479

67,780

74,447

23,930

11,154

7,250

1,519

1,874

292

1,777

3,027

2,558

3,986

1,884

246,822

3,013

243,809

734

6,160

12,388

15,609

28,047

60,564

70,281

23,317

10,468

7,126

1,479

1,874

292

1,399

2,384

2,181

1,988

531

1,905

1,905

239

598

1,068

27,024

1,457

25,567

207

2,730

2,412

3,554

2,432

7,216

4,166

613

686

124

40

139

643

377

1,400

285

245 87,044 72,866

245 87,044

941

6,025

8,056

12,044

9,092

26,197

4,895

12,278

1,612

5,500

404

72,866

734

4,274

6,596

9,517

7,908

20,399

4,313

12,065

1,320

5,376

364

14,178

14,178

207

1,751

1,460

2,527

1,184

5,798

582

213

292

124

40

172

7

165

1

27 

25 

24

28

24

7

14

1

1

1

1

5

3

4 

4 

2

188,707

6,375

182,332

173,956

3,013

170,943

2,865

6,744

7,119

21,387

41,583

69,552

11,652

9,542

1,750

1,115

1,874

292

1,777

3,027

2,558

3,986

1,884

1,886

5,792

6,092

20,139

40,165

65,968

11,252

9,148

1,750

1,115

1,874

292

1,399

2,384

2,181

1,988

531

1.905

1.905

239

598

1,068

12,846

1,457

11,389

979

952

1,027

1,248

1,418

3,584

400

394

139

643

377

1,400

285

1 Sum of losses in the cases in which the disbursement by the Corporation to protect depositors was not paid in full. Excludes interest or gains in cases in which the disbursement

by the Corporation was fully recovered and gains or losses on assets purchased by the Corporation from liquidations. Does include net loss of funds in certain cases where Corporation

both made a loan to and purchased certain assets from a bank.

FEDERAL DEPOSIT INSURANCE CORPORATION

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INDEX

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I ndex

Absorptions:

Of insured banks with financial aid of the Corporation. {See Banks in

financial difficulties):

Of operating banks, 1951............................................................................................. 128-129

Accounts in insured banks:

Average size, special call dates, 1936 to 1951.......................................................... 74-76

Fully and partially protected by insurance. See Deposit insurance coverage.

Number, in all insured banks, September 19, 1951:

By FDIC district and State................................................................................... 78-79

By size of bank, by population of center, and by class of bank........... 61, 80-81

By type of account...............................................................................................61, 75, 81

Difference from number of depositors................................................................. 60

In banks grouped by percentage of deposits insured.....................................61, 81

In cities with population over 500,000, by city............................................... 80-81

Percent distribution of banks grouped by size, percent of deposits insured,

population of center, and class; and accounts grouped by type........... 65

Number, in all insured banks, by type of account and per 100 population,

special call dates, 1936 to 1951....................................................................... 74, 75

Number and percent distribution, insured commercial banks, September

19, 1951:

By class of bank and size of account................................................................... 85

By population of center and size of account..................................................... 84

By size of account in each State and FDIC district...................................... 82-83

By size of bank and size of account..................................................................... 84

By type and size of account................................................................................... 85

In banks grouped by percentage of deposits insured, by size of account. . 85

Number and percent distribution, insured mutual savings banks, September

19, 1951:

By population of center and size of account..................................................... 103

By size of account in each State and FDIC district...................................... 102

By size of bank and size of account..................................................................... 103

By type and size of account................................................................................... 103

In banks grouped by percentage of deposits insured, by size of account. . 103

Number and percent distribution, individual, partnership, and corporation

accounts, insured commercial banks, September 19, 1951:

Demand, by size of account in each State and FDIC district................... 86-87

Demand, by size of bank and size of account.................................................. 90

Savings and time, by size of account in each State and FDIC district. . 88-89

Savings and time, by size of bank and size of account................................. 91

Admission of banks to insurance:

Applications approved..............................................................................................17-18, 128

By class of bank, 1951.................................................................................................. 128-129

Appraised value of assets. See Assets and liabilities of operating banks, examiners’ appraisal.

Assessment on insured banks for deposit insurance. See Federal Deposit Insurance Corporation.

Assets and liabilities of closed banks. See Banks in financial difficulties.

Assets and liabilities of operating banks (See also Capital of banks; Deposits;

Loans by banks; Securities):

All banks:

Amount and percentage distribution, by type, December, 1945-1951. . 31-32

By FDIC district and State, December 31, 1951......................................... 146-147

In banks grouped according to insurance status and type of bank,

June 30 and December 31, 1951...................................................................142-145

Percentage composition, December 1945 and 1951........................................ 32

Commercial banks, June 30 and December 31, 1951......................................... 142-145

195

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196 FEDERAL DEPOSIT INSURANCE CORPORATION

Page

Assets and liabilities of operating banks:— Continued

Examiners’ appraisal, insured commercial banks:

Banks examined in 1942-1951...................................................................... 35, 154-155

Banks examined in 1951, grouped by amount of deposits.........................156-157

Banks examined in 1951, grouped by FDIC district and State...............158-159

Definitions of terms: adjusted liabilities; appraised value; book value;

examiners’ deductions; assets not criticized; substandard assets........ 153

Sources of data............................................................................................................ 153

Substandard assets........................................................................................... 35, 154-159

Insured banks, December 30, 1950, June 30 and December 31, 1951..........148-151

Insured commercial banks:

Amount by type, December, 1945-1951.............................................................. 34

Amount, December 30, 1950, June 30 and December 31, 1951.142-145, 148-151

Averages, by State, class of bank, and size of bank, 1951.........................

..................................................................................167, 171, 175, 177, 179, 181, 183

Averages of principal components, 1943-1951.................................................. 163

Reports of...................................................................................................................... 18-19

Insured mutual savings banks:

Amount, December 30, 1950, June 30 and December 31, 1951............... 148-151

Amount, June 30 and December 31, 1951.......................................................142-145

Averages of principal components, 1951............................................................. 184

Mutual savings banks:

Amount, by type, December, 1945-1951............................................................ 53

Amount, June 30 and December 31, 1951.......................................................142-145

Noninsured banks, June 30 and December 31, 1951.......................................... 142-145

Sources of data................................................................................................................... 141

Assets and liabilities of the Federal Deposit Insurance Corporation........... 19-23, 27

Assets of insured banks, quality of. See Assets and liabilities of operating banks,

examiners’ appraisal.

Assets pledged to secure bank obligations...................................................................... 151

Assets purchased by the Federal Deposit Insurance Corporation:

From banks absorbed with financial aid of the Corporation. See Banks in

financial difficulties.

From banks in receivership........................................................................ .9-13, 20, 21, 27

Liquidation of... ............................................................................................12-14, 20, 21, 27

Audits. See Federal Deposit Insurance Corporation.

Bank supervision {See also Examination of insured banks):

Activities of the Federal Deposit Insurance Corporation................................... 14-19

State legislation, 1951....................................................................................................119-123

Banking offices, establishment of:

Banks beginning operations, 1951............................................................................... 128

Branches, establishment approved by Corporation............................................... 18

Branches opened, 1951.................................................................................................... 129

Banking offices, number of. See Number of operating banks and branches.

Banking practices. See Unsafe and unsound banking practices.

Banks, average size, historically......................................................................................... 74

Banks and branches ceasing operations:

All banks and branches, 1951.....................................................................................128-129

Branches of insured banks, 1951.................................................................................. 129

Insured banks, 1951...................................................................................................... 128, 191

Noninsured banks, 1951...............................................................................................128, 187

Banks in financial difficulties:

Absorptions of insured banks with financial aid of the Corporation:

Assets and liabilities at date of absorption, by years, 1934-1951. .. .190-191

Banks cited for unsafe and unsound practices................................................. 16-17

Deposits protected....................................................................................... 8-11, 188-191

Disbursements by the Corporation......................................8-11, 188-189, 191-192

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Banks in financial difficulties:— Continued

Absorptions of insured banks with financial aid of the Corporation:— Continued

Loans made and assets purchased by Corporation...............................8, 12-14, 21

Losses incurred by Corporation...................................................12-14, 21, 23, 27-28

Name and location of banks absorbed, 1951.................................................... 191

Number of banks absorbed............................................. 10-11, 14, 17, 188-189, 192

Number of depositors affected b y ...............................................10-11, 188-189, 191

Recoveries by the Corporation on assets acquired....................12-14, 21, 28, 192

Sources of data............................................................................................................ 187

Depositors protected by the Corporation in closed banks.................................. 9-11

Depositors sustaining loss in closed insured banks, number of......................... 9-11

Insured banks closed:

Deposits of...................................................................................................... 9-14, 188-191

Disbursements by the Corporation in connection with. .9-13, 188-189, 191-192

Loss to depositors....................................................................................................... 10-12

Loss to Federal Deposit Insurance Corporation...................................... 12-14, 192

Number, 1934-1951.............................................................................9-10, 188-189, 192

Noninsured bank suspensions, 1951.........................................................................128, 187

Receivership, insured banks placed in:

Activities of the Corporation as receiver o f...................................................... 10

Assets and liabilities of, at dates of suspension, 1934-1951......................... 190

Depositors’ losses........................................................................................................ 10-12

Deposits, 1934-1951............................................................................................11-12, 188

Deposits insured, paid and unpaid by December 31, 1951.......................... 12

Deposits secured, preferred, and subject to offset.......................................... 12

Disbursements by the Corporation......................................9-14, 188-189, 191-192

Losses by the Corporation on disbursements..............................10, 12-14, 21, 192

Number of banks.....................................................................................11, 188-189, 192

Payments to depositors............................................................................................ 9-14

Recoveries by the Corporation on disbursements....................................12-14, 192

Sources of data............................................................................................................ 187

Banks, number of. See Number of operating banks and branches.

Banks operating branches. See Banking offices, establishment of; Number of

operating banks and branches.

Board of Directors of the Federal Deposit Insurance Corporation.....................iv, v, 19

Board of Governors of the Federal Reserve System, data obtained from. .. .141, 161

Book value of bank assets and liabilities. See Assets and liabilities of operating

banks; Capital of banks.

Branches. See Banking offices, establishment of; Classification of banks and

banking offices; Number of operating banks and branches.

Bureau of Internal Revenue, Commissioner’s ruling. See U. S. Treasury

Department.

Business and personal deposits. (See also Deposits [items referring to type of

account]) .......................................................................................................33, 146-147

Call reports. See Assets and liabilities of operating banks; Reports from banks.

Capital of banks (See also Assets and liabilities of operating banks; Earnings

and expenses of insured commercial banks; Earnings and expenses

of insured mutual savings banks):

Examiners’ appraisal, insured commercial banks:

1942-1951.......................................................................................................................35,155

Banks grouped by amount of deposits, 1951..................................................156-157

Banks grouped by FDIC district and State, 1951........................................158-159

Definition of terms used........................................................................................... 153

Ratio of substandard assets to adjusted capital accounts, 1951. .155, 157-159

Growth..................................................................................................................................34, 38

Insured banks placed in receivership or absorbed with financial aid of the

Corporation..........................................................................................................190-191

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Capital of banks:— Continued

Net additions as a proportion of net profits, insured commercial banks. . . . 48-49

Ratios to total assets:

Insured commercial banks, 1951................................... 149, 155, 157-159, 169, 173

Insured commercial banks, 1934-1951................................................................. 38

Insured commercial banks, by State, December 31, 1951............................ 39

Insured commercial banks, distributed by, December 31, 1951................ 40

Ratios to assets other than cash and U. S. Government obligations, insured

commercial banks, 1934-1951.......................................................................... 38

Retirement of capital invested in banks by the Reconstruction Finance

Corporation........................................................................................................... 39

Total capital accounts:

Commercial and mutual savings banks, insured and noninsured, June 30

and December 31, 1951...................................................................................143, 145

Composition of, insured commercial banks, December 1934-1951............ 38

Insured banks, December 30, 1950, June 30 and December 31, 1951. . . 151

Charge-offs by banks. See Earnings and expenses of insured commercial banks;

Earnings and expenses of insured mutual savings banks.

Class of bank, banking data presented by {See also Accounts in insured banks;

Deposit insurance coverage; Deposits):

Admissions to and terminations of insurance........................................................128-129

Banks absorbed with financial aid of the Corporation, 1951............................. 191

Earnings of insured commercial banks, 1951........................................................ 166-169

Insured banks financially aided by the Corporation, 1934-1951...................... 188

Number of banks and banking offices, 1951..........................................................128-137

Ratios of earnings of insured commercial banks, 1951...................................... 168-169

Reserve method of accounting for bad-debt losses on loans, used by insured

commercial banks, 1948-1951.......................................................................... 48

Classification of banks and banking offices...................................................................126-127

Closed banks. See Banks and branches ceasing operations; Banks in financial

difficulties.

Commercial banks. See Assets and liabilities of operating banks; Capital of

banks; Deposits; Earnings and expenses of insured commercial

banks; Deposit insurance coverage; Number of operating banks

and branches.

Commissioner of Internal Revenue, ruling on reserve for bad-debt losses on

loans.........................................................................................................47-48, 141, 161

Comptroller of the Currency:

Data obtained from....................................................................................................... 141, 161

Director of Corporation................................................................................................iv, v, 19

Comptroller General of the United States...................................................................... 24, 26

Consolidations. See Absorptions; Banks in financial difficulties.

Credit, bank, expansion of during 1951. See Deposits; Loans by banks.

Criticized assets. See Assets and liabilities of operating banks, examiners’

appraisal.

Defalcations in banks............................................................................................................. 9

Demand deposits. See Assets and liabilities of operating banks; Deposits (items

referring to type of account).

Deposit insurance coverage:

Accounts fully and partially protected, September 19, 1951:

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............................................... ............. 80-81

Number and proportion of, all insured banks, by FDIC district and

State................................................................................................................ 78-79

Number and proportion of, cities with population over 500,000, by city. . 80-81

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Deposit insurance coverage:— Continued

Accounts fully protected:

Definition of................................................................................................................. 60

Difference from depositors fully protected........................................................ 60

Effect of 1950 change in coverage on.................................................................. 69-70

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, September 19, 1951............................................ 61

Proportion of, comparison with proportion of deposits insured in banks

grouped by percentage of deposits insured, September 19, 1951. . . . 64

Proportion of, comparison with proportion of deposits insured in banks

grouped by size, September 19, 1951............................................................ 62

Special call dates, 1938-1951.................................................................................. 68

Special call, September 19, 1951........................................................................... 60

Accounts fully protected, number and proportion, comparison with coverages of $5,000 and $25,000, September 19, 1951:

By type of account, insured commercial banks............................................... 109

By type of account, insured mutual savings banks........................................ I l l

Discussion of................................................................................................................ 67-73

Insured commercial banks, by FDIC district and State............................106-107

Insured commercial banks, by size of bank, by population of center,

and by class of bank.........................................................................................108-109

Insured commercial banks grouped by percentage of deposits insured. . 109

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..................................................................................................110-111

Banks grouped by percent of deposits insured:

Change in grouping between special call dates, 1934-1951.......................... 73-75

Under coverages of $5,000, $10,000, and $25,000, September 19, 1951. . 112

Deposits insured:

Amount 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, September 19, 1951.......................................................... 61

Definition of................................................................................................................. 60

Effect of 1950 change in coverage on.................................................................. 69-71

Estimation of, method.............................................................................................. 59-60

Proportion of, comparison with proportion of accounts fully protected

in banks grouped by percentage of deposits insured, September 19,

1951.............................................................. ............................................................ 64

Proportion of, comparison with proportion of accounts fully protected

in banks grouped by size, September 19, 1951........................................ 62

Semiannual call dates, 1934-1951.......................................................................... 3-5

Special call dates, 1938-1951................................................................................... 68-69

Special call, September 19, 1951............................................................................ 60

Types o f......................................................................................................................... 59

Deposits insured, amount and proportion, comparison with coverage of

$5,000 and $25,000, September 19, 1951:

By type of account, insured commercial banks............................................... 109

By type of account, insured mutual savings banks........................................ I ll

Discussion o f................................................................................................................ 67-73

Insured commercial banks, by FDIC district and State.........................106-107

Insured commercial banks, by size of bank, by population of center,

and by class of bank.........................................................................................108-109

Insured commercial banks grouped by percentage of deposits insured. . 109

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..................................................................................................110-111

Deposits insured and uninsured, September 19, 1951:

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............................................................ 80-81

Amount and proportion of, all insured banks, by FDIC district and

State......................................................................................................................... 78-79

Amount and proportion of, cities with population over 500,000, by city. . 80-81

Instructions and form, special call for deposit information, September 19,

1951........................................................................................................................ 113-116

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Deposit insurance coverage:— Continued

Risk of the Corporation in providing......................................................................... 65-67

Scope of, ratios indicating.............................................................................................. 63

Depositors (See also Accounts in insured banks):

Claims against closed insured banks. See Banks in financial difficulties.

Losses. See Banks in financial difficulties.

Number of, difference from number of accounts.................................................... 60

Protected in insolvent or hazardous banks suspended or absorbed. See

Banks in financial difficulties.

Deposits:

Amount of, all banks:

By class of bank in each State and FDIC district, December 31, 1951. . 138-139

By insurance status of bank and type of account, December 31, 1951. . 145

By insurance status of bank and type of account, June 30, 1951........... 143

By type of account, December 1945-1951......................................................... 33-34

By type of account in each State and FDIC district, December 31,1951.146-147

Amount of, all insured banks:

Average annual change, 1938-1951....................................................................... 68

Banks grouped by size, by population of center, by class, and by percent

of deposits insured, September 19, 1951................................................. 61, 80-81

By FDIC district and State, September 19, 1951.......................................... 78-79

By State, as percentage of deposits in all banks, December 31, 1951. . . . 9

By type of account, 1936-1951.............................................................................. 75

By type of account, December 31, 1951............................................................ 145

By type of account, December 30, 1950, June 30 and December 31, 1951 150

By type of account, June 30, 1951....................................................................... 143

By type of account, September 19, 1951............................................................ 81

Semiannual call dates, 1934-1951......................................................................... 5

Amount of, banks receiving financial aid from the Corporation. .. .8-11, 188-191

Amount of, commercial banks:

By FDIC district and State, December 31, 1951.........................................138-139

By type of account, December 31, 1951............................................................ 145

By type of account, June 30, 1951......................................................... ............. 143

Amount of, in individual, partnership, and corporation accounts, insured

commercial banks:

Demand, by size of account in each State and FDIC district, September

19, 1 9 5 1 ................................................................................................................ 96-97

Demand, by size of bank and size of account, September 19, 1 9 5 1 .... 100

Savings and time, by size of account in each State and FDIC district,

September 19, 1951............................................................................................. 98-99

Savings and time, by size of bank and size of account, September 19, 1951 101

Amount of, insured banks in cities with population over 500,000, by city,

September 19, 1951............................................................................................. 80-81

Amount of, insured banks placed in receivership or absorbed with financial

aid of the Corporation. See Banks in financial difficulties.

Amount of, insured by the Corporation. See Deposit insurance coverage.

Amount of, insured commercial banks:

At time of examination..........................................................................................154, 156

By FDIC district and State, December 31, 1951......................................... 138-139

By size of account in each State and FDIC district, September 19, 1951 92-93

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, September 19, 1951............................................................................ 92-95

By type and size of account, September 19, 1951.......................................... 95

By type of account, December 30, 1950, June 30 and December 31, 1951 150

Amount of, insured mutual savings banks:

As percentage of deposits of all mutual savings banks, December 31, 1951 54

By FDIC district and State, December 31, 1951......................................... 138-139

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, September 19, 1951.......................................................................... 104-105

By State, December 31, 1951.......................................................................54, 138-139

By type and size of account, September 19, 1951........................................... 105

By type of account, December 30, 1950, June 30 and December 31, 1951 150

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Deposits:— Continued

Amount of, mutual savings banks:

By FDIC district and State, December 31, 1951......................................... 138-139

By State, December 31, 1951................................................................ 52, 54, 138-139

By type of account, December 31, 1951............................................................. 145

By type of account, June 30, 1951....................................................................... 143

Amount of, noninsured banks:

By FDIC district and State, December 31, 1951......................................... 138-139

By type of account and type of bank, December 31, 1951......................... 145

By type of account and type of bank, June 30, 1951.................................... 143

Mutual savings banks, by State, December 31, 1951.................................... 54

Insured. See Deposit insurance coverage.

Interest on............................................................................................. 42-43, 45-46, 162-182

Percent distribution of, all insured banks, by type of account, 1936-1951. . 75

Percent distribution of, insured commercial banks:

By size of account in each State and FDIC district, September 19, 1951 92-93

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, September 19, 1951............................................................................ 92-95

By type and size of account, September 19, 1951.......................................... 95

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, September 19, 1951..........................................................................104-105

By type and size of account, September 19, 1951.......................................... 105

Percent distribution of, in individual, partnership, and corporation accounts, insured commercial banks:

Demand, by size of account in each State and FDIC district, September

19, 195i..................................... ............................................................................. 96-97

Demand, by size of bank and size of account, September 19, 1951. .. . 100

Savings and time, by size of account in each State and FDIC district,

September 19, 1951............................................................................................. 98-99

Savings and time, by size of bank and size of account, September 19, 1951 101

Sources of data................................................................................................................141, 153

Dividends:

To depositors in insured mutual savings banks............................................56, 184, 185

To stockholders of operating insured commercial banks. See Earnings and

expenses of insured commercial banks.

Earnings and expenses of insured commercial banks:

Amounts of principal components:

Annually...............................................................................................................43, 162-163

By class of bank, 1951............................................................................................166-167

By size of bank, 1951..............................................................................................170-171

By State, 1951...........................................................................................................174-183

Charge-offs and recoveries:

Amounts, 1934-1951.................................................................................................. 43

Banks using reserve method of accounting for bad-debt losses on loans,

by class of bank, 1948-1951.............................................................................. 48

Recoveries and profits on sale of assets.............................................................. 47

Current operating earnings and expenses, 1951.......................................... 40, 41, 43-46

Income, sources and disposition of total, 1945-1951............................................. 40-42

Net profits after taxes:

Amounts............................................................................43, 47, 163, 167, 171, 175-183

Disposition of, 1951.............................................................................................. 42, 48-49

Ratios of earnings items:

Rate of income on loans and securities.....................................44-45, 165, 169, 173

Rate of interest on time and savings deposits........................45-46, 165, 169, 173

Rate of net profit on total capital accounts, by State, 1951.................... 49

Rate of service charges on demand deposits................................. 45, 165, 169, 173

To current operating earnings, total assets, and total capital accounts,

1 9 4 3 -1 9 5 1 ................. . ...................................................................................... 164

To current operating earnings, total assets, and total capital accounts,

by class and size of bank, 1951.................................................. 168-169, 172-173

Salaries and wages, 1951............................................................................................ 42, 45-46

Taxes 1951 42 46-47

Valuation reserves, transfers to and from. .47, 161-162, 166-167, 170-171, 174-182

INDEX 201

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Earnings and expenses of insured mutual savings banks:

Amounts of principal components, 1951...................................................................55, 184

Dividends to depositors..................................................................................................56, 184

Income, sources and disposition of total, 1951........................................................ 55-56

Rates of income on loans and securities and dividends on deposits. . . .55-56, 185

Ratios of earnings and expense items to current operating earnings and

total assets, 1951.................................................................................................. 185

Reporting method, change in...................................................... ................................. 51-52

Salaries and wages, 1951................................................................................................. 55-56

Educational program for examiners. See Federal Deposit Insurance Corporation.

Employees:

Federal Deposit Insurance Corporation........................................................15-16, 19, 28

Insured commercial banks:

Average salary, 1951.................................................................................................. 45-46

Number and compensation, 1943-1951.............................................................162-163

Number and compensation, by class of bank, by size of bank, and by

State, December 31, 1951.......................................... 166-167, 170-171, 174-183

Insured mutual savings banks:

Average salary, 1951.................................................................................................. 55

Number and compensation, 1951.......................................................................... 184

Examination of insured banks (See also Assets and liabilities of operating

banks; Capital of banks):

Banks examined by the Federal Deposit Insurance Corporation, 1951. . . . 15

Data from reports of examination.....................................................................35, 154-159

Definition of terms............................................................................................................ 153

Examination staff.............................................................................................................. 15-16

Expenses of banks. See Earnings and expenses of insured commercial banks;

Earnings and expenses of insured mutual savings banks.

Expenses of the Corporation. See Federal Deposit Insurance Corporation,

income and expenses.

Failures. See Banks and branches ceasing operations; Banks in financial

difficulties.

Federal bank supervisory authorities................................................................................ 14

Federal Deposit Insurance Corporation:

Assessments on insured banks.............................................................. 6, 22-23, 25, 27-28

Assets and liabilities............................................................................................. 19-22, 27-28

Audits................................................. .................................................................................. 24-28

Banks examined by, and submitting reports to...................................................... 14-15

Bank supervisory activities............................................................................................ 14-19

Board of Directors..........................................................................................................iv, v, 19

Borrowing power................................................................................................................ 28

Capital stock.......................................................................................................................22, 24

Contingent liability...................................................................................................3-6, 59-60

Deposit insurance fund (surplus)..................................................... .............4-6, 20, 22-28

Depositors protected by. See Banks in financial difficulties; Deposit insurance coverage.

Directors of the Federal Deposit Insurance Corporation.................................... 19

Disbursements for protection of depositors............................. 8-14, 188-189, 191-192

Districts................................................................................................................................ vi, vii

Divisions............................................................................................................................... iv, 20

Educational program for bank examiners................................................................. 15-16

Employees, number o f..................................................................................................... 19

Examination of banks. See Examination of insured banks.

Federal Deposit Insurance Act, 1950......................................................................... 6, 16

Income and expenses........................................................................................... 22-25, 27-28

Insured banks receiving financial aid from. See Banks in financial difficulties.

Insured deposits. See Banks in financial difficulties; Deposit insurance

coverage.

Liabilities..................................................... ..................................................... .. .20, 22, 27-28

Loans to and purchase of assets from insured banks. See Banks in financial

difficulties.

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Federal Deposit Insurance Corporation:— Continued

Losses incurred, 1934-1951..........................................................................12-14, 21, 23-27

Methods of protecting depositors. See Banks in financial difficulties.

Organization and staff............................................................................................iv, v, 19-20

Payments to insured depositors..................................................................... 8-12, 188-189

Protection of depositors. See Banks in financial difficulties; Deposit Insurance coverage.

Purchase of assets of banks in receivership....................................................8, 12-14, 21

Receiver for insured banks........................................................................................10-13, 21

Recoveries............................................................................................................. 12-14, 21, 192

Reports from banks.................................................................................................. 18, 19, 116

Reserves for losses on assets acquired........................................................................21, 23

Retirement of capital stock of the Corporation...........................................6, 20, 22, 25

Rules and regulations....................................................................................................... 16-17

Supervisory activities....................................................................................................... 14-19

Surplus (deposit insurance fund)...................................................................4-6, 20, 22-28

Federal Deposit Insurance Corporation districts, banking data classified by:

Accounts. See Accounts in insured banks; Deposit insurance coverage.

Assets and liabilities of all banks, December 31, 1951......................................... 146

Assets and liabilities, examiners’ appraisal, 1951................................................... 158

Deposits. See Deposit insurance coverage; Deposits.

Number and deposits of banks, by type of bank, December 31, 1951........... 138

Federal Reserve System. See Board of Governors of the Federal Reserve System.

Fixed and miscellaneous assets. See Assets and liabilities of operating banks;

Banks in financial difficulties.

General Accounting Office.................................................................................................... 26

Government deposits. See Deposits (items referring to type of account).

Income of insured banks. See Earnings and expenses of insured commercial

banks; Earnings and expenses of mutual savings banks.

Income of the Federal Deposit Insurance Corporation. See Federal Deposit

Insurance Corporation.

Insolvent banks. See Banks in financial difficulties.

Insurance coverage. See Deposit insurance coverage.

Insurance status, banks classified by:

Assets and liabilities of, June 30 and December 31, 1951.................................142-145

Changes in number of, 1951........................................................................................128-129

Deposits of, December 31, 1951.................................................................................138-139

In each State, December 31, 1951............................................................................ 130-139

Mutual savings banks, number and deposits, by State, December 31, 1951. . 54

Number of, December 31, 1951.................................................................................... 6, 7

Percentage of banks insured, by State, December 31, 1951............................... 7, 8

Insured commercial banks not members of the Federal Reserve System. See

Class of bank, banking data presented by.

Insured commercial banks submitting reports to the Corporation.................. 19

Insured deposits. See Deposit insurance coverage.

Insured loans.........................................................................................................................36-37, 55

Insured State banks members of the Federal Reserve System. See Class of

bank, banking data presented by.

Interbank deposits. See Deposits (items referring to type of account).

Interest. See Earnings and expenses of insured commercial banks; Earnings

and expenses of insured mutual savings banks.

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Interest on capital advanced to the Federal Deposit Insurance Corporation

..................................................................................................................6, 20, 24, 25, 27

Investments of banks.. See Assets and liabilities of operating banks; Securities.

Law, violations of by insured banks. See Unsafe and unsound banking practices.

Legislation relating to deposit insurance and banking:

Federal, enacted in 1951................................................................................................. 19

State, enacted in 1951................................................................................................... 119-123

Liquidation, banks placed in, 1951.................................................................................... 128

Loans:

By banks (See also Assets and liabilities of operating banks):

Amount and percentage distribution in all banks, by type, 1945-1951. . 31-32

Income and charge-offs on..................................................................................43-44, 47

Insured or guaranteed real estate.................................................................... 36-37, 55

Provision for losses.................................................................................... 47-48, 141, 161

Rate of income on...................................................................44-45, 165, 169, 173, 185

Residential real estate, change in, by State, 1945 to 1951........................... 36-37

Substandard amounts and ratio to total loans....................................... 35, 154-157

By Federal Deposit Insurance Corporation to insolvent or hazardous insured banks. See Banks in financial difficulties.

Losses:

Of banks, charged off. See Earnings and expenses of insured commercial

banks; Earnings and expenses of insured mutual savings banks.

Of depositors. See Banks in financial difficulties.

Of the Federal Deposit Insurance Corporation. See Federal Deposit Insurance Corporation.

Of the Reconstruction Finance Corporation on preferred stock investments

in banks................................................................................................................... 14

Provision for, in banks...................................................................... 47-48, 50-52, 161-185

Mergers. See Absorptions.

Methods of tabulating banking data:

Assets and liabilities of operating banks................................................................... 141

Deposit insurance disbursements................................................................................. 187

Earnings, expenses, profits, and dividends of insured banks............................. 161

Examiners’ evaluation of insured commercial banks............................................ 153

Number, offices, and deposits of operating banks. .............................................126-127

Mutual savings banks:

Insured:

Accounts. See Accounts in insured banks.

Assets and liabilities, December 30, 1950, June 30 and December 31,

1951....................................................................................................................... 148-151

Deposits insured by Federal Deposit Insurance Corporation. See Deposit

insurance coverage.

Earnings, expenses, profits, and dividends........................................ 55-56, 184-185

Number and deposits, December 30, 1950, June 30 and December 31,

1951..................................................................... .. .................................... .. .. .148-151

Number, September 19, 1951, by FDIC district, by State, by size of

bank, by population of center, and by percent of deposits insured. . 102-103

Insured and noninsured:

Assets and liabilities, June 30 and December 31, 1951................................ 142-145

Number and deposits, by State, December 31, 1951............................54, 138-139

Total:

Assets and liabilities, December, 1945-1951...................................................... 53

Number and deposits, by State, December 31, 1951........ ............................. 52-54

National banks. See Class of bank, banking data presented by.

Net earnings of insured commercial banks. See Earnings and expenses of insured commercial banks.

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Net profits of insured commercial banks. See Earnings and expenses of insured

commercial banks.

New banks. See Banking offices, establishment of.

Noninsured banks. See Absorptions; Admission of banks to insurance; Assets

and liabilities of operating banks; Capital of banks; Class of bank,

banking data presented by; Deposits; Number of operating banks

and branches.

Number of deposit accounts in banks. See Accounts in insured banks.

Number of operating banks and branches:

All banks:

By insurance status in each State and FDIC district................................. 138-139

By type and insurance status, December 31, 1951......................................... 7

In each state and FDIC district, with assets and liabilities....................... 146-147

June 30, 1951.......................................... . .................................................................. 143

All banks and branches, by class of bank in each State, December 31, 1951.130-137

Branches, by class of bank and State, December 31, 1951.............................. 130-137

Changes by type of change and class of bank during 1951..............................128-129

Insured banks:

Admissions to insurance..................................................................................17, 128-129

Branches, approval of, by Corporation.............................................................. 18

December 30, 1950, June 30 and December 31, 1951.................................... 151

September 19, 1951, by FDIC district, and State.......................................... 78-79

September 19, 1951, by size of bank, by population of center, by class,

and by percent of deposits insured............................................................ 61, 80-81

Special call dates, 1934 to 1951, by size of bank and by class................... 73

Termination of insurance.........................................................................................16,128

Insured commercial banks:

By FDIC district and State, December 31, 1951......................................... 138-139

By ratio of total capital accounts to total assets, December 31, 1951. . 40

Examined in 1942-1951............................................................................................. 155

Examined in 1951, by amount of deposits......................................................... 157

Examined in 1951, by FDIC district and State............................................ 158-159

Operating throughout 1951, by amount of deposits....................................171, 173

September 19, 1951, by FDIC district, by State, by size of bank, by

population of center, by class, and by percent of deposits insured. .. . 82-85

Special call dates, 1936 to 1951, by percent of deposits insured................ 76

Using reserve method of accounting for bad-debt losses on loans, by

class of bank, 1948-1951.................................................................................... 48

Mutual savings banks. See Mutual savings banks.

Noninsured banks:

By class of bank, FDIC district and State, December 31, 1951............. 138-139

Failures during 1951.................................................................................................. 187

Unit banks, by class of bank and State, December 31, 1951.......................... 130-137

Officers of the Federal Deposit Insurance Corporation.........................................15-16, 19

Officers of insured banks. See Employees.

Offset, deposits subject to. See Banks in financial difficulties.

Operating banks. See Number of operating banks and branches.

Payments to depositors in closed insured banks. See Banks in financial

difficulties.

Personnel. See Employees.

Possessions, banks and branches located in:

Assets and liabilities, December 31, 1951...............................................................146-147

Deposits of, December 31, 1951.................................................................................138-139

Earnings, expenses, profits, and dividends, 1951................................................. 174-175

Number of, December 31, 1951.................................................................................... 137

Postal savings deposits in banks............................................................................ 143, 145, 150

Preferred deposits. See Banks in financial difficulties.

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Profits. See Earnings and expenses of insured commercial banks.

Protection of depositors. See Banks in financial difficulties; Deposit insurance

coverage.

Public funds. See Deposits (items referring to type of account).

Publications of the Corporation.......................................................................................... 18-19

Purchase of bank assets by Corporation. See Assets purchased by the Federal

Deposit Insurance Corporation.

Receivership, insured banks placed in. See Banks in financial difficulties.

Reconstruction Finance Corporation, losses on capital of insured banks. . . . 14

Recoveries:

By banks on assets charged off. See Earnings and expenses of insured commercial banks; Earnings and expenses of insured mutual savings

banks.

By the Corporation on disbursements....................................................9, 12-14, 21, 192

Reports from banks............................................................................................................ 18-19, 59

Reserves:

For bad-debt losses on loans, ruling of Commissioner of Internal Revenue. .

................................................................................................................47-48, 141, 161

In bank assets and liabilities. See Assets and liabilities of operating banks.

Of Federal Deposit Insurance Corporation, for losses on assets acquired. . 21

Surplus (deposit insurance fund) of the Corporation.........................4-5, 20, 22-28

Salaries and wages:

Federal Deposit Insurance Corporation.................................................................... 24

Insured banks. See Earnings and expenses of insured commercial banks;

Earnings and expenses of insured mutual savings banks.

Savings and time deposits. See Deposits (items referring to type of account).

Secured and preferred deposits. See Banks in financial difficulties.

Securities (See also Assets and liabilities of operating banks):

Charge-offs on securities held by insured banks................................................47, 50-52

Held by Federal Deposit Insurance Corporation.............................................20, 22, 27

Held by insured banks placed in receivership or absorbed with financial

aid of the Corporation, 1934-1951................................................................. 190

Held by operating banks. See Assets and liabilities of operating banks.

Interest on securities held by banks. See Earnings and expenses of insured

commercial banks; Earnings and expenses of insured mutual savings

banks.

Profits on securities sold by insured banks. See Earnings and expenses of

insured commercial banks; Earnings and expenses of insured mutual

savings banks.

United States Government obligations held by insured commercial banks,

amounts and percentage distribution by maturities, December

1945-1951.............................................................' ................................................. 36

Size of accounts. See Accounts in insured banks.

Size of banks, data for banks classified by amount of deposits:

Accounts, number of. See Accounts in insured banks.

Assets and liabilities of insured commercial banks examined in 1951....

Banks receiving financial aid from the Corporation, 1934-1951................

Deposits. See Deposits.

Disbursements for protection of depositors, 1934-1951...................................

Earnings data of insured commercial banks, 1951............................................

Earnings ratios of insured commercial banks, 1951..........................................

Employees, number and average salary, insured commercial banks, 1951

Insured deposits. See Deposit insurance coverage.

Net profits retained in capital accounts, insured commercial banks, 1951

Number of banks. See Number of operating banks and branches.

Rate of income on loans, insured commercial banks, 1951.........................

156

188

188

.170-171

.172-173

.. 45-46

49

44

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Sources of data...................................................................................... 18-19, 141, 153, 161, 187

State and local government obligations. See Assets and liabilities of operating

banks.

State bank supervisory authorities:

Data obtained from..........................................................................................................18,141

State legislation regarding.............................................................................................. 119

State, banking data classified by:

Accounts in insured banks, September 19, 1951:

All insured banks........................................................................................................ 78-79

Insured commercial banks.......................................................................82-83, 106-107

Insured mutual savings banks.............................................................................102, 110

Of individuals, partnerships, and corporations, insured commercial

banks........................................................................................................................ 86-89

Assets and liabilities of insured commercial banks examined in 1951.... 158-159

Assets and liabilities of operating banks, December 31, 1951.................... 146-147

Capital, ratio to total assets, insured commercial banks, December 31, 1951 39

Deposits:

All banks, business and personal, increase during 1951................................ 33

All banks, December 31, 1951............................................................................. 146-147

All insured banks, September 19, 1951............................................................... 78-79

Commercial banks, insured and noninsured................................................... 138-139

Insured commercial banks, September 19, 1951..............................92-93, 106-107

Insured mutual savings banks, September 19, 1951...........................104, 110-111

Mutual savings banks, December 31, 1951....................................................... 52

Mutual savings banks, insured and noninsured, December 31,1951. . 54,138-139

Of individuals, partnerships, and corporations, insured commercial

banks, September 19, 1951............................................................................... 96-99

Disbursements by the Corporation, cumulative, 1934-1951.............................188-189

Earnings and expenses of insured commercial banks, 1951..............................174-183

Net earnings and net profits of insured commercial banks, rates of, 1951. . 174-183

Net profits after taxes as a proportion of total capital accounts, 1951.... 49

Number and deposits of mutual savings banks, December 31, 1951.............. 52

Number of operating banks or offices, December 31, 1951:

All banking offices, by class of bank and type of office............................. 130-137

Commercial banks, insured and noninsured................................................... 130-139

Mutual savings banks, insured and noninsured......................................54, 130-139

Proportion of banks insured, December 31, 1951...............................7, 8, 54, 130-137

Proportion of deposits in all banks held by insured banks, December 31, 1951 7, 9

Residential real estate loans, growth of, 1945 to 1951......................................... 37

Residential real estate loans, insured or guaranteed, December 31, 1951. . 37

State banking legislation enacted in 1951..................................................................... 119-123

State banks members of the Federal Reserve System. See Class of bank, banking

data presented by.

State bank not members of the Federal Reserve System. See Class of bank,

banking data presented by.

Stockholders of banks, net profits available for. See Earnings and expenses

of insured commercial banks.

Supervision. See Bank supervision.

Suspensions. See Banks and branches ceasing operations; Banks in financial

difficulties.

Taxes paid by insured banks. See Earnings and expenses of insured commercial banks; Earnings and expenses of insured mutual savings

banks.

Terminations of insurance for unsafe and unsound practices.................................. 17

Time and savings deposits. See Deposits (items referring to type of account).

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Trust companies:

Classification o f................................................................................................................126-127

Noninsured, not engaged in deposit banking.................................7, 128-139, 142-145

Trust powers, applications for............................................................................................. 18

Unit banks. See Number of operating banks and branches.

United States Government obligations. See Assets and liabilities of operating

banks; Securities.

United States Treasury Department, Commissioner of Internal Revenue,

ruling on reserves for bad-debt losses on loans.........................47-48, 141, 161

Unsafe and unsound banking practices............................................................................ 16-17

Unsound banking practices. See Unsafe and unsound banking practices.

Valuation reserves................................................................................ 47-48, 141, 144, 149, 161

Violations of law or regulations, banks charged with. See Unsafe and unsound

banking practices.

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