ANNUAL REPORT

OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION

FOR THE YEAR ENDED

DECEMBER 31, 1955

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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 I n s u r a n c e C o r p o r a t io n

Washington, D. C., June 29, 1956

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. Part One of the report, 

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

Respectfully,

H. E. C o o k , Chairman

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

T h e S p e a k e r o f t h e H o u s e o f R e p r e s e n t a t i v 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 ational P ress B uilding — W ashington 25, D. C.

BOARD OF DIRECTORS

Chairman.................................................................... ........................EL E. C ook

Comptroller of the Currency........................................................... R ay M. G idney

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

OFFICIALS—June 29, 1956

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

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

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

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

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

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

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

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

Director of Publications and Information..................................Forbes Campbell

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

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

No. E x a m in e r

1. Lundie W. Barlow

2. Neil G. Greensides

3. Gilbert E. Mounts

4. Robert N. McLeod

5. John E. Freeman

6. Charles M. Dunn

7. Raby L. Hopkins

8. Eugene R. Gover

9. Charles F. Alden

10. George M. Hirning

11. Lloyd Thomas

12. David A. Linder

A dd r ess

Room 1365, No. 10 P.O. 

Square, Boston 9, Mass.

Room 1900, 14 Wall Street, 

New York 5, N. Y.

City National Bank 

Building, 20 East Broad 

Street, Columbus 15, Ohio

200 The Bank of Virginia 

Building, Fourth and 

Grace Streets,

Richmond 19, Va.

Fifth floor, 114 Marietta 

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

1059 Arcade Building,

St. Louis 1, Mo.

715 Tenney Building, 

Madison 3, Wis.

164 W. Jackson Blvd., 

Chicago 4, 111.

1200 Minnesota Building,

St. Paul 1, Minn.

1201 Federal Reserve Bank 

Building, Kansas City 6, 

Mo.

Federal Reserve Bank 

Building, Station K, 

Dallas 13, Texas

Suite 1120, 315 Montgomery Street, San 

Francisco 4, Calif.

S t a t e s in D is t r ic t

Maine, New Hampshire, 

Vermont, Massachusetts, 

Rhode Island, Connecticut

New York, New Jersey, 

Delaware, Puerto Rico, 

Virgin Islands

Ohio, Pennsylvania

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

South Carolina

Georgia, Florida, Alabama, 

Mississippi

Kentucky, Tennessee, 

Missouri, Arkansas

Indiana, Michigan,

Wisconsin

Illinois, Iowa

Minnesota, North Dakota, 

South Dakota, Montana

Nebraska, Kansas, 

Oklahoma, Colorado, 

Wyoming

Louisiana, Texas,

New Mexico, Arizona

Idaho, Utah, Nevada,

Washington, Oregon, California, Alaska, Hawaii

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

DISTRICT 2 Includes PUERTO RICO a VIRGIN ISLANDS

DISTRICT 4 Includes DISTRICT OF COLUMBIA

DISTRICT 12 Includes HAWAII a ALASKA

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Federal Reserve Bank of St. Louis
CONTENTS

Page

Summary................................................................................................................... xix

PART ONE

OPERATIONS OF THE CORPORATION

Deposit insurance coverage..................................................................................... 3

Supervisory activities.............................................................................................. 4

Action to protect depositors in failing banks........................................................ 9

Finances of the Corporation................................................................................... 11

Legal developments.................................................................................................. 17

Organization and personnel..................................................................................... 18

PART TWO

BANKING DEVELOPMENTS

Number of banks and their insurance status........................................................ 25

Bank assets............................................................................................................... 27

Bank deposits........................................................................................................... 31

Bank capital............................................................................................................. 33

Income of insured banks......................................................................................... 35

PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

Special calls for deposit information....................................................................... 47

Accounts and deposits, all insured banks, September 21, 1955........................... 48

Changes in accounts and deposits in insured banks, special call dates, 1934-1955 54

Detailed statistics.................................................................................................... 57

Instructions for preparation of summary of deposits........................................... 59

Detailed tables.......................................................................................................... 62

PART FOUR

LEGISLATION AND REGULATIONS

Federal legislation.................................................................................................... 99

Rules and regulations of the Corporation.............................................................. 99

State banking legislation......................................................................................... 101

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

Number, offices, and deposits of operating banks................................................. 106

Assets and liabilities of operating banks................................................................ 120

Earnings, expenses, and dividends of insured banks............................................ 132

Deposit insurance disbursements............................................................................ 160

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)....................................... vi i

A. Percentage of banks of deposit in each State which were insured, December

31, 1955.......................................................................................................... 3

B. The deposit insurance fund and insured deposits, September 21, 1955.... 17

C. Capital ratios of all operating banks, 1926-1935 and 1946-1955.................. 35

D. Assets and income, insured commercial and mutual savings banks, 1947-

1955................................................................................................................ 36

E. Loans and securities and income from them, insured banks, 1947-1955.. 37

F. Assets, capital, and net profits, insured commercial banks, 1947-1955.... 43

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

banks, by size of bank, September 21, 1955.............................................. 49

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

banks, by type of account, September 21, 1955..................................... 50

I. Selected percentage distributions of insured deposits and insured banks,

September 21, 1955...................................................................................... 52

J. Accounts fully protected and deposits insured with maximum coverage 

for each depositor of $10,000, $25,000, and $100,000, all insured banks, 

September 21, 1955....................................................................................... 53

K. Accounts in all insured banks, special call dates, 1936-1955........................ 56

L. Insured deposits, special call dates, 1934-1955.............................................. 57

L IS T OF TA B L E S

PART ONE 

OPERATIONS OF THE CORPORATION

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

1. Bank examination activities of the Federal Deposit Insurance Corporation in 1954 and 1955............................................................................... 4

2. Unsafe or unsound banking practices and violations of law charged against

seven banks by the Corporation during 1955............................................ 5

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

unsound banking practices or violations of law or regulations, 1936-1955. 6

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

Insurance Corporation during 1955............................................................ 7

A ctio n to pr o tec t de p o sit o r s in f a il in g b a n k s :

5. Analysis of disbursements and recoveries of the Federal Deposit Insurance

Corporation in transactions for protection of depositors and to facilitate 

termination of liquidations, 1934-1955....................................................... 10

F in a n c e s of t h e C o r p o r a t io n :

6. Income and expenses of the Federal Deposit Insurance Corporation

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

31, 1955......................................................................................................... 12

7. Administrative and operating expenses of the Federal Deposit Insurance

Corporation for the year ended December 31, 1955................................. 13

x

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LIST OF TABLES x i

Page

8. Determination and distribution of net assessment income of the Federal

Deposit Insurance Corporation for the year ended December 31, 1955.. 13

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

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

31, 1955, adjusted to December 31, 1955................................................... 14

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

December 31, 1955....................................................................................... 15

11. Insured deposits and the deposit insurance fund, 1934-1955....................... 16

O r g a n iz a t io n a n d p e r s o n n e l :

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

Corporation, December 31, 1955................................................................. 19

13. Results of the Corporation’s educational program for examiners, 1946-1955. 20

14. Audit report of the Federal Deposit Insurance Corporation for the year

ended June 30, 1955..................................................................................... 20

PART TWO

BANKING DEVELOPMENTS

N u m b e r o f b a n k s a n d t h e ir in s u r a n c e s t a t u s :

15. Number and changes in banking offices in the United States (continental

U. S. and other areas), 1946-1955............................................................... 25

16. Analysis of changes in the number of banking offices in the United States

(continental U. S. and other areas), 1947-1955......................................... 26

17. Number and deposits of all banks in the United States (continental U. S.

and other areas), December 31, 1955.......................................................... 27

B a n k a s s e t s :

18. Percentage changes in assets, all banks in the United States (continental

U. S. and other areas), years and half-years, 1927-1935 and 1947-1955.. 28

19. Distribution of assets of all banks in the United States (continental U. S.

and other areas), December 31, 1946 and 1955, and annual percentage 

changes, 1947-1955....................................................................................... 29

20. Distribution of loans of all banks in the United States (continental U. S.

and other areas), December 31, 1946 and 1955, and annual percentage 

changes, 1947-1955....................................................................................... 29

21. Distribution of “other loans to individuals” of insured commercial banks

in the United States (continental U. S. and other areas), December 31,

1946 and 1955, and annual percentage changes, 1947-1955................. 30

22. Distribution of assets of all banks in the United States (continental U. S.

and other areas), by type and insurance status of banks, December 31,

1955................................................................................................................ 31

B a n k d e p o s it s:

23. Percentage changes in deposits of all banks in the United States (continental

U. S. and other areas), years and half-years, 1927-1935 and 1947-1955.. 32

24. Distribution of deposits of all banks in the United States (continental U. S.

and other areas), December 31, 1946 and 1955, and annual percentage 

changes, 1947-1955....................................................................................... 32

25. Deposits of all banks in the United States (continental U. S. and other

areas), by type and insurance status of banks, December 31, 1955, and 

percentage changes during 1955 and from 1946 to 1955........................... 34

26. Total capital accounts of all banks in the United States (continental U. S.

and other areas), by type and insurance status of banks, December 31,

1946 and 1955, average annual percentage change, 1947-1955, and ratios 

to assets and deposits, 1946, 1954, and 1955............................................. 34

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XII FEDERAL DEPOSIT INSURANCE CORPORATION

Page

I n c o m e o f in s u r e d b a n k s :

27. Sources and disposition of total income, insured banks in the United States

(continental U. S. and other areas), 1947, 1954, and 1955..................... 36

28. Average rates of income, insured banks, 1947-1955...................................... 38

29. Expense ratios and interest paid on deposits, insured banks, 1947-1955.. 40

30. Gains and allowance for losses on assets disposed of or revalued, insured

commercial banks, 1948, 1954, and 1955.................................................... 41

31. Reserves for losses on loans and on securities, insured commercial banks in

the United States (continental U. S. and other areas), 1948-1955.......... 42

32. Disposition of net profits, insured commercial banks in the United States

(continental U. S. and other areas), 1947-1955......................................... 43

PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

S p e c ia l c a lls fo r d e p o s it in f o r m a t io n :

33. Accounts and deposits, all insured banks, September 21, 1955.......... 48

C h a n g e s in a c c o u n t s a n d d e p o sit s in in s u r e d b a n k s :

34. Accounts and deposits in all insured banks, special call dates, 1934-1955.. 55

D e t a il e d t a b l e s : D is t r ib u t io n of a c c o u n ts a n d d e p o sit s, a l l in s u r e d

b a n k s :

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

21, 1955

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................ 62

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

banks, September 21, 1955

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

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

by type.................................................................................................... 64

D e t a il e d t a b l e s : d is t r ib u t io n of a c c o u n t s of in s u r e d c o m m e r c ia l

BANKS ACCORDING TO SIZE OF ACCOUNT*.

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

September 21, 1955 

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................ 66

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

September 21, 1955

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

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

by type.................................................................................................... 68

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

September 21, 1955

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................ 70

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

and corporations, according to size of account, insured commercial 

banks, September 21, 1955 

Banks grouped by Federal Deposit Insurance Corporation district and

State........................................................................................................ 72

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LIST OF TABLES

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

September 21, 1955 

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

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

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

September 21, 1955 

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 e p o sit s in in s u r e d c o m m e r c ia l b a n k s

ACCORDING TO SIZE OF ACCOUNT:

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

banks, September 21, 1955

Banks grouped by Federal Deposit Insurance Corporation district and

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

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

banks, September 21, 1955

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

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

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

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

September 21, 1955

Banks grouped by Federal Deposit Insurance Corporation district and

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

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

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

September 21, 1955

Banks grouped by Federal Deposit Insurance Corporation district and

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

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

September 21, 1955 

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

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

and corporations, according to size of account, insured commercial 

banks, September 21, 1955 

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 a c c o u n t s a n d d e p o sit s b y size of

ACCOUNT, INSURED MUTUAL SAVINGS BANKS:

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

September 21, 1955 

Banks grouped by Federal Deposit Insurance Corporation district, 

State, amount of deposits1 population of center, and percent of deposits

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

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

savings banks, September 21, 1955

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..................................................

D e t a il e d t a b l e s : a c c o u n t s f u l l y pr o te c te d a n d d e p o sit s in s u r e d w it h

SPECIFIED AMOUNTS OF COVERAGE:

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

maximum coverage, insured commercial banks, September 21, 1955 

Banks grouped by Federal Deposit Insurance Corporation district and

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

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xiv FEDERAL DEPOSIT INSURANCE CORPORATION

Page

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

maximum coverage, insured commercial banks, September 21, 1955 

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

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

by type..................................................................................................... 92

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

maximum coverage, insured mutual savings banks, September 21, 1955 

Banks grouped by Federal Deposit Insurance Corporation district,

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

percent of deposits insured; and accounts grouped by type................. 94

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

under specified amounts of maximum coverage, September 21, 1955.. 96

PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

N u m b e r , o f f ic e s, a n d d e p o sit s o f o p e r a t in g b a n k s :

Explanatory note...................................................................................................... 106

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

in the United States (continental U. S. and other areas) during 1955.. 108

102. Number of operating banks and branches in the United States (continental

U. S. and other areas), December 31, 1955

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

and type of office................................................................................... 110

103. Number and deposits of operating banks in the United States (continental

U. S. and other areas), December 31, 1955

Banks grouped according to insurance status and by district and State.. 118

A sse ts a n d l ia b il it ie s o f o p e r a t in g b a n k s :

Explanatory note...................................................................................................... 120

104. Assets and liabilities of operating banks in the United States (continental

U. S. and other areas), June 30, 1955 

Banks grouped according to insurance status and type of bank.............. 122

105. Assets and liabilities of operating banks in the United States (continental

U. S. and other areas), December 31, 1955

Banks grouped according to insurance status and type of bank......... 124

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

U. S. and other areas), December 31, 1955 

Banks grouped by district and State........................................................ 126

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

(continental U. S. and other areas), December 31, 1955, June 30, 1955, 

and December 31, 1954.............................................................................. 128

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 b a n k s :

Explanatory note...................................................................................................... 132

108. Earnings, expenses, and dividends of insured commercial banks in the

United States (continental U. S. and other areas), 1947-1955............... 134

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

in the United States (continental U. S. and other areas), 1947-1955.. 136

110. Earnings, expenses, and dividends of insured commercial banks in the

United States (continental U. S. and other areas), 1955 

By class of bank....................................................................................... 138

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

in the United States (continental U. S. and other areas), 1955 

By class of bank....................................................................................... 140

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LIST OF TABLES XV

Page

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

throughout 1955 in the United States (continental U. S. and other 

areas)

Banks grouped according to amount of deposits..................................... 142

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

operating throughout 1955 in the United States (continental U. S. 

and other areas)

Banks grouped according to amount of deposits...................................... 144

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

United States (continental U. S. and other areas), by State, 1955.... 146

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

1951-1955..................................................................................................... 156

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

banks, 1951-1955......................................................................................... 158

D e p o s it in s u r a n c e d is b u r s e m e n t s:

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

117. Disbursements, deposits, and depositors in insured banks placed in receivership and in insured banks of which deposits were assumed by 

another insured bank with the financial aid of the Federal Deposit 

Insurance Corporation, 1934-1955

Banks grouped by class of bank, year of receivership or deposit assumption, amount of deposits, and State...................................................... 162

118. Assets and liabilities, at date of closing, of insured banks placed in receivership and of insured banks of which deposits were assumed by 

another insured bank with the financial aid of the Federal Deposit 

Insurance Corporation, 1934-1955............................................................ 164

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

and assets and liabilities, insured banks placed in receivership or of 

which deposits were assumed by another insured bank with the financial 

aid of the Corporation, 1955..................................................................... 165

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

potentially recoverable disbursements for protection of depositors in 

insured banks placed in receivership and in insured banks of which 

deposits were assumed by another insured bank with the financial aid 

of the Corporation, 1934-1955................................................................... 166

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Federal Reserve Bank of St. Louis
SUMMARY

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

At the end of 1955 nearly 95 percent of the banks of deposit in the 

United States were insured by the Federal Deposit Insurance Corporation. 

The accounts in these banks numbered approximately 130 million, and 

about 98 percent of these were within the insurance limit of $10,000. 

The amount of deposits insured was estimated at $116 billion, or about 

55 percent of total deposits in the insured banks. (P. 3).

During 1955 the Corporation brought charges against seven banks for 

continuing to engage in unsafe or unsound practices or violations of law. 

During the year disbursements by the Corporation to protect depositors 

were made in five banks, bringing to 429 the total number of banks in 

which such disbursements have been made since the beginning of the 

Corporation’s operations in 1934. (Pp. 5 and 9).

The deposit insurance fund, or assets of the Corporation in excess of 

its liabilities, amounted at the end of the year to $1,640 million. This 

was equal to 0.77 percent of the total deposits of insured banks, or 1.41 

percent of insured deposits. (P. 16).

Assets of all operating banks increased during 1955 by 4.5 percent and 

deposits by 4.4 percent. These percentage increases were slightly smaller 

than in the previous year, but were a little larger than the average annual 

increases since 1946. As in other years, there was a large variation in 

the change in holdings of different types of assets, some types increasing 

much more rapidly than total assets, and other types less rapidly or 

declining. (Pp. 27-31).

The total income of insured commercial banks was about 3 percent 

larger, and that of mutual savings banks about 5 percent larger, than 

in the previous year. As in other years, income from loans and securities 

constituted about four-fifths of the current income of insured commercial banks, and their current operating expenses were about twothirds of current operating earnings. Net profits of the insured commercial 

banks, after income taxes, were nearly 8 percent of the banks’ total 

capital accounts. About half of the net profits were used for dividends 

to stockholders. (Pp. 35, 37, 43).

Reports from insured banks for September 21, 1955, show that all size 

groups of banks have about the same percentage of their accounts fully 

protected by insurance, but the small banks have a substantially larger 

percentage of their deposits insured than do the large banks. There is 

considerable range in the percentages of deposits in various types of 

accounts that are insured, with a coverage of more than 90 percent for 

savings and time deposits, but less than half for all other types of accounts. (Pp. 49, 64-65).

xix

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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
D e p o s it I n s u r a n c e C o v e r a g e

Participation of banks in Federal deposit insurance. At the end

of 1955, 13,457 banks, or nearly 95 percent of the banks of deposit in 

the United States, were insured by the Federal Deposit Insurance 

Corporation. This percentage was slightly higher than at the end of 1954.

In 36 States and the District of Columbia 95 percent or more of the 

banks of deposit were insured; and in 12 of these States and the District 

of Columbia all such banks were insured. The percentages of banks of 

deposit in each State insured by the Corporation are shown in Chart A.

Chart A. P e r c e n t a g e o f B a n k s o f D e p o s it in E a c h S t a t e

W h ic h W e r e I n s u r e d , D e c e m b e r 31, 1955

Accounts and deposits of insured banks. Accounts in insured 

banks numbered approximately 130 million at the end of 1955. About 

98 percent of these accounts were within the insurance limit of $10,000. 

Although Federal deposit insurance applies to individual depositors 

rather than to accounts, it is believed that the percentage of depositors 

fully protected was substantially the same.

Deposits in insured banks totaled $212 billion on December 31, 1955. 

Despite the fact that 98 percent of the accounts were fully protected, 

there were substantial uninsured balances in the relatively few large 

accounts. As a result, insured deposits at the end of 1955 were estimated 

at $116 billion, or about 55 percent of total deposits.

3

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4 FEDERAL DEPOSIT INSURANCE CORPORATION

S u p e r v i s o r y A c t iv i t i e s

Bank examinations. A vital part of the Corporation's activities in 

protecting depositors is the examination of insured banks. During 1955 

the Corporation's examiners made 6,896 examinations, most of them 

of insured banks not members of the Federal Reserve System. Other 

insured banks were examined by examiners representing the Comptroller 

of the Currency or the Federal Reserve banks. The reports of these 

examinations, with those of the Corporation's examiners, were reviewed 

by the Washington staff of the Corporation.

It is the policy of the Corporation to make an annual examination 

of each insured bank not a member of the Federal Reserve System. 

More frequent examinations are made where special problems or unsound conditions exist; and occasionally the Corporation examines an 

insured bank normally examined by another Federal supervisory agency. 

Along with these examinations, the Corporation conducts investigations 

of proposed new banks or branches; this phase of activity increased 

appreciably in 1955. The extent and types of activity of the Division 

of Examination in 1954 and 1955 are indicated in Table 1.

T ab le 1 . B a n k E x a m in a tio n A c t iv it ie s o f t h e

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 in 1954 an d 1955

Examination Activity

Number

Bank examina tions— total...............................................................................

Regular examinations of insured banks not members of Federal Reserve

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

Special examinations..........................................................................................

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

Investigations— tota l..........................................................................................

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

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

Review of reports of examination of insured banks— total...............

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

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

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

6,896 6,839

6,636 6,630

222 168

38 41

410 274

234 143

176 131

13,520 14,897

4,862 5,665

1,901 2,131

6,757 7,101

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

banking practices or a violation of law or regulations, the examiner 

confers with the officials of the bank and its board of directors. The 

necessary corrections are usually forthcoming. However, where such 

practices or violations persist, the Corporation has a legal duty imposed 

upon it by Section 8(a) of the Federal Deposit Insurance Act to institute 

proceedings for the involuntary termination of the insured status of 

such bank. Proceedings are initiated only after every effort has been 

made through cooperation with the bank to obtain the observance of

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Federal Reserve Bank of St. Louis
SUPERVISORY ACTIVITIES 5

sound and lawful procedures; for the primary purpose of such proceedings 

is to secure discontinuance of the unsound and unlawful practices.

The charges brought against seven banks cited in 1955 are summarized in Table 2. The charges cannot be completely categorized; for 

a practice specified in one case may in another case have been unspecified 

although implicit in a broader charge.

Table 2. U n s a f e o r U n s o u n d B a n k in g P r a c tic e s a n d V io l a t io n s of

L a w C h a r g e d a g a in s t Se v e n B a n k s b y t h e C o r p o r a tio n D u r in g 1955

Type of practice or violation

Number

of banks

charged

Case identification letters

Capital:

Impaired capital or surplus.............................................

Inadequate capital structure...........................................

Loans and investments:

Carrying of adversely classified assets approximating

total book capital account...............................................

Concentration of bank’s funds in large lines of credit

to a single borrower..........................................................

Concentration of loans in a line of credit adversely

classified by examiners.....................................................

Continued carrying of large volume of overdue loans..

Excessive amount of criticized assets...............................

Excessive volume of loans in relation to total assets..

Granting of credit in form of an overdraft.....................

Improvident loans or loans involving undue credit

risks...................................................................................

Lax and hazardous credit and collection policies.. .

Loans to borrowers whose loans have previously been

adversely classified.......................................... . ..............

Loans to financially involved borrowers ........................

M anagement:

Dissipation of capital by unwarranted dividends..........

Failure to maintain proper bank records.........................

Failure of Board of Directors to establish comprehensive loan policies or to employ capable credit

executive in conformance with recommendations

of supervisory authorities............................................

Failure to comply with corrective recommendations

of supervisory authorities and their respective

examiners.............................................................................

Failure to maintain adequate credit files and supporting instruments on loans.................. ............ ...................

Irresponsible, self-serving or hazardous management. .

Operation of bank while shortages existed......................

Unwarranted annual salary and bonus payments to

former president and controlling stockholder.............

Unwarranted use of bank’s credit facilities by officers

and directors...................................................................

Violations of law:

Change of location of main office without consent of

the Corporation..................................................................

Extension of credit to directors, officers and employees

through medium of cash items held to prevent

overdrafts...................................................................... ..

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

Illegal loans.........................................................................

Official deposit insurance signs not properly displayed

Operation of bank without a legally constituted board

of directors......................................................................

Violations of other specific State laws.........................

b c

b c

d

d e

f g

g

The disposition or status of all cases in which banks have been charged 

with unsafe and unsound banking practices or violations of law or regulations is shown in Table 3.

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

T a b le 3 . A ctio n s to T e r m in 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 it h U n s a f e o r U n s o u n d B a n k in g P r a c tic e s o r V io l a t io n s

o f L a w o r R e g u l a t io n s, 1936-1955

Disposition or status 1936-19551

Pending

Jan. 1,

1955

Started

during

1955

Total banks against which action was taken......................... 170 12 7

Gases closed........................................................................................... 161 9 1

Corrections made................................................................................ 50 7 1

Banks absorbed or succeeded by other banks............................. 67

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

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

Banks suspended prior to setting date of termination of

insured status by Corporation................................................ 32

Insured status terminated, or date for such termination

set by Corporation, for failure to make corrections......... 12 2

Banks suspended prior to or on date of termination of insured

status.............................................................................................. 9 2

Banks continued in operationa...................................................... 3

Gases not closed December 31, 1955............................................ 9 3 6

Correction period not expired......................................................... 5 1 4

Action deferred pending analysis of examination....................... 2 1 1

Date set for termination of insured status.................................. 2 1 1

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

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

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

A bank which has been formally charged with unsafe and unsound 

practices is afforded a period of time, as prescribed by law, in which to 

discontinue such practices and make necessary corrections. At the end 

of this correction period the bank is reexamined. If it is determined 

that unsafe and unsound practices still persist, the Board of Directors 

of the Corporation sets the time and place for a hearing, at which the 

bank is afforded opportunity to show cause why its insured status should 

not be terminated. At such hearings the bank may present any pertinent 

evidence, which is then carefully considered by the Board in reaching 

its decision. During 1955, five such hearings were held, in each of which 

the charges against the bank were sustained.

As of January 1, 1955, there were pending 12 involuntary termination 

proceedings; during the year seven additional proceedings were instituted. 

Of these 19 cases, seven were dismissed during the year when the banks 

involved made the required changes or corrections, and in one other 

case corrections made after the hearing resulted in dismissal of the proceedings by the Board. In two cases in which it was necessary to order 

hearings, the banks suspended on the effective date for termination of 

their insured status when the State supervisory authority placed them 

in receivership. In the other two cases in which hearings were ordered, 

the Board had ordered termination of insured status effective March 1, 

1956, but at the end of 1955 it appeared that the banks would make the 

necessary corrections before the effective date for termination of their 

insured status. There remained seven other cases pending at the end 

of 1955.

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SUPERVISORY ACTIVITIES 7

Admission to insured status. Banks that become members of 

the Federal Reserve System are insured without application to the 

Corporation. National banks located outside the 48 States and the District 

of Columbia which are not members of the Federal Reserve System may 

become insured upon application by the bank and certification by the 

Comptroller of the Currency. Other banks of deposit may apply to the 

Board of Directors of the Corporation for admission to insurance. In 

the case of a new bank, the Board acts upon an application for admission 

to insurance only after the bank has obtained a charter, or a commitment 

for one, from the appropriate State banking authority.

During 1955 the Board acted upon 148 applications for admission 

to insurance; 117 applications were from new banks and 31 from operating 

banks. Except for 14 applications, all from new banks, all were approved 

for admission to insurance.

Of the 103 new banks approved for admission to insurance, there were

12 each in Florida and Texas, 10 in Illinois, and 5 or more in Iowa, 

Louisiana, Alabama, Georgia and Oregon. Twelve of the 31 operating 

banks admitted to insurance were in Kansas.

T a b le 4 . A p p l ic a t io n s A cted U po n b y t h e B o ard of D ir e c t o r 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 tio n D u r in g 1955

Type of application

Total

acted

upon

Approved Disapproved

All applications.................................................................................... 615 576 39

Admission to insurance......................................................................... 148 134 14

New banks............................................................................................. 1171 103 1U

Operating banks................................................................................... SI 31

Continuation of insurance of banks withdrawing from FRS. . . .

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

2 2

25 22 3

To engage in trust business................................................................ 21 18 3

To engage in commercial banking..................................................... U u

Assumption of deposit liabilities......................................................... 33 33

Of another insured bank..................................................................... 22 22

Of a noninsured bank......................................................................... 8 8

Of a financial institution not a bank................................................ 3 3

Establishment of branches— total...................................................... 187 178 9

New branch offices................................................................................ 1501 U1

1

9

New facility.......................................................................................... 1

Conversion of absorbed bank or financial institution..................... 27 27

Other branches....................................................................................... 9 9

Change of location of offices— total.................................... .............. 168 164 4

Main offices........................................................................................... 129 125 4

Branches................................................................................................ 39 39

Retirement of capital— total................................................................ 42 40 2

Held by RFC........................................................................................ 2 2

Held by others....................................................................................... ho

3

38 *

Payment of dividend............................................................................. 3

Service of persons convicted of breach of trust.............................. 7 7

1 Excludes actions which were changed or rescinded later in the year.

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8 FEDERAL DEPOSIT INSURANCE CORPORATION

Other applications from banks. In addition to the applications 

for admission to insurance, the Board of Directors acted upon 467 other 

applications from banks in 1955. Most of these applications were made 

pursuant to provisions of the Federal Deposit Insurance Act or rules 

and regulations of the Corporation. A few were for modification of 

agreements previously made by the bank with the Corporation. The 

various types of applications acted upon by the Board of Directors in 

1955 and the Board’s decisions regarding them are presented in Table 4.

Reports from banks. The reports which banks are required to submit 

to the Corporation provide information useful both to the banks and to 

the supervisory authorities.

All insured banks were required to submit statements of their assets 

and liabilities as of June 30 and December 31, 1955, and statements of 

their earnings, expenses, and dividends for the calendar year 1955. 

National banks and all banks in the District of Columbia submitted 

the reports to the Comptroller of the Currency; State banks belonging 

to the Federal Reserve System sent their reports to the respective Federal 

Reserve banks; all other insured banks made their reports to the Federal 

Deposit Insurance Corporation. Each of the Federal agencies tabulates 

and summarizes the data reported to it and makes the results available 

to the other agencies.

Supplementing the reports from insured banks, the Corporation, by 

inter-agency agreement, gathers and prepares statistics of assets and 

liabilities of noninsured banks and trust companies, and provides the 

only complete statistical series for assets and liabilities of all operating 

banks. Reports relating to noninsured banks as of June 30 and December 

31, 1955, were obtained through the assistance of State banking authorities and of officials of unincorporated banks or other banking 

institutions not under Federal or State supervision.

In addition to the regular calls, a special request for deposit information 

from all insured banks was made by this Corporation on September 21, 

1955. This was the first such request since September 19, 1951. Like 

that one, its primary purpose was to assist in estimating the contingent 

liability of the Corporation in insuring bank deposits.

The data on assets and liabilities, and on earnings and expenses of 

banks, are discussed in Part Two of this report, and shown in the statistical tables of Part Five. Results and analysis of the special request 

for deposit information as of September 21, 1955, are presented in Part 

Three of this report. Tabulations of the reports of assets and liabilities 

of all banks and of insured banks classified by State and class of bank 

are published by the Corporation in separate reports.

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ACTION TO PROTECT DEPOSITORS IN FAILING BANKS 9

A c t io n t o P r o t e c t D e p o s it o r s i n F a i l i n g B a n k s

Disbursements for protection of depositors in 1955. Notwithstanding all the measures taken to assure sound banks, some banks 

nevertheless experience financial difficulties sufficiently serious to require 

disbursements by the Corporation to protect depositors.

During 1955 the Corporation made disbursements to protect depositors 

of five insured banks, one each in California, Maine, and Texas, and two 

in Idaho. In two of the banks there were serious financial irregularities; 

two others were the victims of large defalcations; and one of the banks 

discontinued operation because of a deteriorating asset situation resulting 

from adverse local economic conditions. The five banks together had 

about 18,000 depositors with deposits totaling $12.0 million.

Four of the banks were closed by the appropriate supervisory authority, and the Corporation moved in promptly and began to pay depositors the amount of their insured deposits. In all four cases the Corporation was appointed receiver. In the case of the fifth bank, the deposit 

liabilities were assumed by another insured bank, with the Corporation 

purchasing those assets of the discontinuing bank which were not acceptable for transfer to the assuming bank. For these assets the Corporation paid cash equal to the difference between the bank’s deposit 

liabilities and the acceptable assets. Disbursements in the five cases 

totaled $6.8 million at the end of 1955.

The assets acquired by the Corporation, as receiver or purchaser, in 

the five cases are being liquidated as opportunities arise to minimize 

losses without undue disruption of credit conditions in the various 

communities. It was expected at the end of 1955 that losses to the Corporation in the five cases, exclusive of costs incurred in paying claims, 

would be slightly in excess of $600,000.

Disbursements for protection of depositors, 1934-1955. From 

the beginning of deposit insurance to the end of 1955 the Corporation 

disbursed funds to protect depositors of 429 banks. The four banks 

placed in receivership in 1955 brought the number of receivership cases 

to 249. In the remaining 180 cases, the Corporation made loans to or 

purchased assets of the financially distressed banks, thereby facilitating 

assumption of their deposits by other insured banks. In all the cases 

combined there were over 1.4 million deposit accounts and $571.9 million 

of deposits.

In fulfilling its responsibility to depositors in these cases, the Corporation had disbursed or provided for disbursements of $336.2 million 

by the end of 1955; an additional $1.6 million was disbursed to facilitate 

termination of liquidations. Except for certain administrative expenses

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

totaling $1.0 million, all disbursements by the Corporation are subject 

to recovery from the proceeds of liquidation, insofar as this is possible. 

The different types of disbursements and related data concerning recoveries and losses by the Corporation are presented in Table 5.

T a b le 5. A n a l y s is o f D is b u r s e m e n t s a n d R e c o v e r ie s of t h e F e d e r a l

D e p o s it I n s u r a n c e C o r p o r a tio n in T r a n s a c t io n s fo r P r o t e c t io n of

D e p o sit o r s a n d to F a c il it a t e T e r m in a t io n o f L iq u id a t io n s , 1934-1955

(In thousands)

Item Total

Transactions for protection of depositors

Disbursements potentially

recoverable

Total

(429

banks)

Deposit

assumption

cases

(180

banks)

Receivership

cases

(249

banks)

Disbursements

not recoverable

Transactions to

facilitate

termination of

liquidations

Disbursements........................

Principal..................................

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

Advances for asset

protection............................

Payoff expenses.....................

Other deposit insurance

expenses...............................

Estimated additional disbursements ..................

Recoveries and income to

December 31, 1955.........

Recoveries of

disbursements....................

Profit and net income...........

Estimated future recoveries

of disbursements...........

Deposit insurance losses. . .

On potentially recoverable

disbursements. ..............

On other transactions.. . .

Interest and allowable return collected.............

Net loss of funds.

$337,737

290,073

14,136

32,509

874

145

107

$304,975

304,147

828

$ 4,352

$ 28,517

28,108

409

$ 8,765

$ 19,752

$335,110

288,727

13,960

32,423

$243,686

197,303

13,960

32,423

$91,424

91,424

$1,019

79

$302,740

302,740

$227,626

227,626

$ 79

$75,114

75,114

874

145

$ 28

$ 4,341

$ 28,108

28,108

$ 2,483

$ 13,577

13,577

$ 1,858

$14,531

14,531

$1,047

1,047

$ 8,765

$ 19,343

$ 8,418

$ 5,159

$ 347

$14,184 $1,047

$1,608

1,346

176

$2,235

1,407

828

$ 11

$ -638i

-638i

$ -638i

1 Net profit and net income.

In receivership cases the depositors who are paid by the Corporation 

assign to it equivalent claims against the receiver of the bank. These 

entitle the Corporation to receivers' dividends on a parity with similar 

claims. When the Corporation makes a loan to or purchases assets from 

an insured bank to facilitate assumption of its deposits by another 

insured bank, the Corporation is entitled to recover its principal disbursement from liquidation of the assets thereby acquired. In addition, 

the Corporation may recover its liquidation expenses and advances 

made to protect the value of assets awaiting liquidation. From any 

further proceeds the Corporation retains an amount equal to interest 

or a return on investment of 4 percent on the amounts advanced.

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Federal Reserve Bank of St. Louis
Finally, if the Corporation purchases the residual assets in order to 

realize economies from the early termination of a case, all subsequent 

recoveries on such assets accrue to the Corporation.

At the end of 1955 the Corporation had recovered $305.0 million. Expected additional recoveries of $4.3 million, if realized, would reduce 

losses on total disbursements to $28.5 million. Allowing further for 

interest collected on loans and allowable return received on purchased 

assets, together amounting to $8.8 million, the Corporation's net loss 

of funds through 1955 is estimated at $19.7 million.

Losses o f depositors. Approximately nine-tenths of the total deposits 

in the four banks which were placed in receivership in 1955 were protected 

by deposit insurance, enjoyed secured or preferred status, or were offset 

by debts. Owners of the remaining one-tenth of deposits in the four 

banks have participated ratably in dividends derived from liquidation 

of the assets of the banks, paid by the Corporation in its separate capacity 

as receiver. Further dividends will be paid as additional recoveries 

are made.

All deposit accounts of the insured bank handled by the assumption 

method in 1955 were fully protected, including those in excess of $10,000.

Since the establishment of the Corporation, over 99 percent of all deposits in the 429 distressed insured banks have been paid to or recovered 

by the depositors. In 223 cases, including the 180 assumption cases, no 

depositor suffered any loss; and in each of 186 other cases depositors 

as a group lost less than 5 percent. Of the remaining 16 cases which 

have been terminated, only six entailed losses to depositors greater 

than 10 percent; and the greatest loss was 24 percent in one of the banks 

placed in receivership in 1936. In four receivership cases, losses to 

depositors have not yet been determined.

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

Sources o f income. To fulfill the continuing financial responsibilities 

of the Corporation, insured banks are required to pay regular assessments. 

The assessment rate is 1/12 of one percent annually of total deposits 

less certain authorized exclusions and deductions. Against current 

assessments the banks are allowed a credit, under terms of the Federal 

Deposit Insurance Act of 1950, amounting to 60 percent of net assessment income; i.e., assessment income remaining after deduction of 

insurance losses and operating expenses. The Corporation retains 40 

percent of net assessment income.

Funds of the Corporation in excess of amounts needed for its operations have, in accordance with statute, been invested in United States

ACTION TO PROTECT DEPOSITORS IN FAILING BANKS 11

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12 FEDERAL DEPOSIT INSURANCE CORPORATION

Government securities. Interest on these obligations constitutes an important secondary source of income. In addition, the Corporation has 

received some income on assets acquired in connection with the financial 

assistance it has provided to depositors of distressed banks.

Income and its disposition in 1955. Total income of the Corporation during 1955 was $191.0 million. Of this, $151.4 million represented 

assessments due; after deducting insurance losses and operating expenses 

of $9.5 million, net assessment income amounted to $141.9 million, 

before giving effect to applicable assessment adjustments of $0.3 million. 

Insured banks received credits for $85.3 million of this adjusted net 

assessment income, and $56.9 million was retained by the Corporation. 

This latter amount, together with investment income and adjustments 

totaling $40.0 million, resulted in an increase of $96.9 million in the deposit 

insurance fund, raising it to $1,639.6 million at the end of 1955.

T a b le 6. I n c o m e a n d 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 tio n a n d C h a n g e s in t h e D e p o s it I n s u r a n c e F u n d

fo r t h e Y e a r E n d e d D e c e m b e r 31, 1955

INCOME AND EXPENSES

Net income for the year ended December 31, 1955:

Income:

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

Less— net assessment income credit due insured banks,

(see table 8 ).................................................................................

Income from U. S. Government securities.

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

Total income.

Expenses and losses:

Administrative and operating expenses (see table 7).

Provision for reserve for insurance losses....................

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

Total expenses and losses.

Net income (addition to the deposit insurance fund)

for the year ended December 31, 1955...........................

DEPOSIT INSURANCE FUND

Deposit insurance fund, December 31, 1954. .

Adjustments applicable to periods prior to January 1, 1955

(increasing the fund):

By reduction of reserves for insurance losses (net):

Applicable to net assessment income................................

Not applicable to net assessment income........................

By additional assessments (net) . .

By additional other income (net).

Total adjustments....................................................

Deposit insurance fund, December 31, 1954 as adjusted

Net income for the year ended December 31, 1955 (see above)-

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

Deposit insurance fund, December 31, 19551.

$151,412,379

85,303,489

$ 66,108,890

39,574,978

23,855

8,668,047

772,841

94,855

295,846

37,687

333,533

381,342

4,595

$ 105,707,723

9,535,743

$ 96,171,980

$1,542,697,382

719,470

$1,543,416,852

96,171,980

$1,639,588,832

1 See footnote 2, Table 10.

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FINANCES OF THE CORPORATION 13

T a b le 7 . A d m in is t r a t iv e a n d O p e r a t in g E x p e n s e s of t h e F e d e r a l D e p o s it

I n s u r a n c e C o r p o r a tio n F or t h e Y e a r E n d e d D e c e m b e r 31, 1955

Personal services........................................................................................................................... $6,154,510

1,561,623

20,461

88,035

417,700

103,031

38,546

91,844

199,287

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

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

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

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

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

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

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

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

T otal...................................................................................................................... $8,675,037

Less: Recoverable expenses and other credits...................................................................... 6,990

Net administrative and operating expenses.................................................................. $8,668,047

The net assessment income credit to banks of $85.3 million is allocated 

among the insured banks in proportion to their assessments which became due in 1955, and becomes available to them on July 1, 1956, for 

use in paying current deposit insurance assessments. The credit received 

by each insured bank is equal to 56.37 percent of its 1955 assessment, 

approximately the same percentage as in each year since 1950.

Income and expenses of the Corporation in 1955 are presented in 

Table 6. A breakdown of the administrative and operating expenses 

of the Corporation is shown in Table 7. The computation of net assessment income and its allocation between the Corporation and insured 

banks are given in Table 8.

T a b le 8 . D e t e r m in a t io n a n d D is t r ib u t io n of N e t A s se s s m e n t I n c o m e

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 tio n fo r t h e

Y e a r E n d e d D e c e m b e r 31, 1955

Determination of net assessment income:

Total assessments which became due during the calendar

year................................................................................................

Less:

Operating costs and expenses......................................................

Net additions to reserves to provide for insurance losses:

Provided in 1955........................................................................

Adjustments to provisions made prior to 1955 (reduction)

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

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

Net assessment income for 1955.....................................................

Distribution of net assessment income, December 31,

1955:

Net assessment income for 1955:

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

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

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

Allocation of net assessment income credit among

insured banks, December 31, 1955:

Credit for 1955....................................................................................

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

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

$151,412,379

$ 8,668,047

$ 772,841

295,846 476,995

94,855

$ 9,239,897

$142,172,482

$ 56,868,993

85,303,489

$142,172,482

$85,303,489

50,565

Percent of total

assessments becoming due in 1955

56.34%

.03

$85,354,054 56.37%

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

Income and expenses of the Corporation in each year of its operation, 

and cumulative through December 31, 1955, are shown in Table 9.

T a b le 9 . I n c o m e a n d E x p e n s e s of t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n , b y Y e a r s , fr o m B e g in n in g of O p e r a t io n s,

Se p t e m b e r 11, 1933 to D e c e m b e r 31, 1955,

A d ju st ed to D e c e m b e r 31, 1955

(In millions)

Year

Income Expenses

Net

income

added to

deposit

insurance

fund*

Total

Deposit

insurance

assessments

Investments

and

other

sources

Total

Deposit

insurance

losses

and

expenses1

Interest

on

capital

stock8

Administrative

and

operating

expenses

1933-1955 $1,856.3 $1,381.04 $475.3 $216.7 $28.5 $80.6 $107.6 $1,639.6

1955 105.7 66.14 39.6 9.5 .8 8.7 96.2

1954 99.6 62.34 37.3 7.8 .1 7.7 91.8

1953 94.1 60.14 34.0 7.3 .1 7.2 86.8

1952 88.6 57.34 31.3 7.8 .8 7.0 80.8

1951 83.7 54.24 29.5 7.0 .1 6.9 76.7

1950 84.8 54.24 30.6 7.8 1.4 6.4 77.0

1949 150.9 122.5 28.4 6.4 .3 6.1 144.5

1948 , ,. 146.9 119.3 27.6 7.3 .7 .6 6.0 139.6

1947 , , 157.7 114.4 43.3 10.4 .1 4.8 5.5 147.3

1946 , ,. 130.9 107.0 23.9 10.4 .1 5.8 4.5 120.5

1945 . 121.2 93.7 27.5 9.7 .1 5.8 3.8 111.5

1944 , , 99.5 80.9 18.6 9.7 .1 5.8 3.8 89.8

1943____ 86.7 70.0 16.7 10.2 .2 5.8 4.2 76.5

1942 .... 69.4 56.5 12.9 10.3 .5 5.8 4.0 59.1

1941 62.0 51.4 10.6 10.1 .6 5.8 3.7 51.9

1940 . 55.9 46.2 9.7 12.9 3.5 5.8 3.6 43.0

1939 .... 51.2 40.7 10.5 16.4 7.2 5.8 3.4 34.8

1938 . ,, 47.7 38.3 9.4 11.3 2.5 5.8 3.0 36.4

1937 48.2 38.8 9.4 12.2 3.7 5.8 2.7 36.0

1936 43.8 35.6 8.2 10.9 2.6 5.8 2.5 32.9

1935 20.8 11.5 9.3 11.3 2.8 5.8 2.7 9.5

1933-34.. 7.0 (6) 7.0 10.0 .2 5.6 4.2« -3.07

1 Includes nonrecoverable expenses incurred pursuant to the insurance of deposits in closed insured

banks.

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

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

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

to which they are applicable, whereas the amounts of the Fund shown in Table 11 represent the Fund

as reported on the dates specified. Hence the deposit insurance fund reported in Table 11 cannot be

computed by annual addition of income reported herein, except for the Fund as of December 31, 1955.

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

provisions of the Federal Deposit Insurance Act of 1950.

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

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

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

the existence of the temporary insurance funds.

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

temporary insurance funds on June 30, 1934.

7 Deduction.

Assets and liabilities, December 31, 1955. The assets of the Corporation on December 31, 1955, totaled $1,734.1 million. Nearly all, or 

$1,725.5 million, consisted of United States Government securities and 

accrued interest thereon; $4.1 million was represented by cash and $4.5 

million by assets acquired in receivership and deposit assumption transactions and other assets.

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Liabilities of the Corporation at the end of 1955 totaled $94.5 million 

and consisted principally of net assessment income credits due insured 

banks. The excess of the Corporation’s assets over its liabilities, amounting at the end of 1955 to $1,639.6 million, constitutes the Corporation’s 

resources in fulfilling the deposit insurance obligation. It is authorized 

to borrow from the United States Treasury an amount not exceeding 

$3 billion outstanding at any one time, if needed for insurance purposes, 

a power so far unused. The assets and liabilities of the Corporation on 

December 31, 1955, are given in Table 10.

T a b le 1 0. A s se ts a n d L ia b il it ie s of t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n , D e c e m b e r 31, 1955

ASSETS

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

U. S. Government obligations:

Securities at amortized cost (face value $1,724,900,000;

market or redemption value, $1,690,591,781)........................

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

Assets acquired in receivership and deposit assumption transactions:

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

Net insured balances of depositors in closed banks, to be

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

Loans on assets...............................................................................

Assets purchased under agreements to return any excess

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

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

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

Deferred charges and sundry assets...............................................

Furniture, fixtures, and equipment...............................................

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

LIABILITIES1

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

Earnest money, escrow funds, and collections held for others

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

Due insured banks:

Net assessment income credits available July 1, 1956.........

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

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

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

Reserve for deposit insurance expenses........................................

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

DEPOSIT INSURANCE FUND

Fund (see Table 6)*..........................................................................

Total liabilities and fu n d..................................

$1,719,725,554

5,747,065

2,131,256

79,436

2,233,865

9,258,693

15,800

13,719,050

9,366,975

$ 85,354,054

7,365,266

4,131,332

1,725,472,619

4,352,075

140,757

1

$1,734,096,784

$ 503,240

164,702

1,007,353

$ 92,719,320

5,948

79,436

27,953

$ 94,507,952

1,639,588,832

$1,734,096,784

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

to the Acts of August 5, 1947 (61 Stat. 773) and June 29, 1948 (62 Stat. 1,092).

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

from its inception to December 31, 1955. For the protection of depositors, in addition to this fund, the

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

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

The insurance fund and insured deposits. The ratio of the deposit 

insurance fund to insured deposits has increased slightly in the last few

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years, but is smaller than at the beginning of deposit insurance in 1934. 

At the end of 1955 the fund amounted to 1.4 percent of insured deposits, 

as compared with 1.9 percent at mid-year 1934. The relationship of the 

deposit insurance fund to insured deposits and to total deposits for each 

mid-year and year-end date since 1934 is shown in Table 11.

Table 11. I n s u r e d D e p o sit 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 , 1934-1955

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

1955 Dec. 3 1 ............................... $212,226 $116,380 54.8% $1,639.6 .77% 1.41%

June 30 ............................... 200,764 110,437* 55.0 1,590.5 .79 1.44

1954 Dec. 31 ............................... 203,195 110,973* 54.6 1,542.7 .76 1.39

June 30 ............................... 191,652 105,0312 54.8 1,496.7 .78 1.43

1953 Dec. 31 ............................... 193,466 105,610* 54.6 1,450.7 .75 1.37

June 30 ............................... 181,740 100,743* 55.4 1,406.6 .77 1.40

1952 Dec. 31 ............................... 188,142 101,842* 54.1 1,363.5 .72 1.34

June 30............................... 176,703 96,215* 54.4 1,322.5 .75 1.37

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 91,359 54.4 1,243.9 .74 1.36

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

1949 Dec. 30 ............................... 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. 3 1 ............................... 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 3 0 ............................... 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 3 0 .............................. 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. 3 1 .............................. 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 3 0 ............................... 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 22,544 46.2 364.1 .75 1.62

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

June 80 ............................... 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. 3 1 ............................... 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 Estimated by applying to the deposits in the various types of account at the regular call dates

the percentages insured as determined from special reports secured from insured banks.

* Differs from previously published estimate because of the availability of new information on the

proportion of deposits insured, secured from a special call on September 21, 1955.

The risk to the Corporation as an insurer of deposits is not adequately 

indicated by ratios of its fund to insured deposits. Specific areas of risk 

must also be considered. One type of risk is exemplified by those insured

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FINANCES OF THE CORPORATION 17

banks which have relatively thin capital margins, or which have large 

amounts of doubtful or substandard assets compared to their capital 

accounts, or which for other reasons appear especially vulnerable to 

adverse circumstances. Another type of risk results from the concentration of insured deposits in a relatively small number of banks, as illustrated in Chart B. As indicated there, insured deposits in six banks are 

almost six times the amount of the deposit insurance fund.

C h a r t B. T h e D e p o s it In s u r a n c e F u n d an d In s u r e d

D e p o s its , S e p te m b e r 21, 1955

Audit. As required by the Federal Deposit Insurance Act, the Comptroller General of the United States makes an annual audit of the Corporation. The short form of the audit report for the year ended June 30, 

1955, as furnished to the Corporation by the Comptroller General, is 

given in Table 14, on pages 20-22.

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 84th Congress.

Rules and regulations of the Corporation. The rules and regulations of the Corporation were amended, and the amendments were 

published in the Federal Register of May 14, 1955 (20 F. R. 3328), with 

effective date of May 16, 1955, and in the Federal Register of December

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18 FEDERAL DEPOSIT INSURANCE CORPORATION

6, 1955 (20 F. R. 8949), with effective date of December 7, 1955. Under 

the former amendment the term “savings deposit” in paragraph (e) of 

Section 329.1 was enlarged to include a deposit of funds described in 

that paragraph, when evidenced by a written receipt or agreement 

although not by a passbook. Under the latter amendment the provisions 

of Part 329, relating to the payment of deposits and interest thereon by 

insured nonmember banks, were made inapplicable to guaranty savings 

banks operating in the State of New Hampshire so long as said guaranty 

savings banks operate substantially under and pursuant to the laws of 

the State of New Hampshire pertaining to mutual savings banks and 

do not engage in commercial banking.1 These amendments are given 

in Part Four of this report.

Organization. Section 3 of the Description of Organization of the 

Corporation, relating to delegation of final authority, published in the 

Federal Register of March 27, 1954 (19 F. R. 1681), and set forth in 

the Annual Report for 1954 on pages 97-101, was amended and published in the Federal Register of August 24, 1955 (20 F. R. 6198). It is 

reprinted in Part Four of this report.

State legislation. A summary of State banking legislation enacted 

in 1955 is given in Part Four of this report.

O r g a n i z a t i o n a n d P e r s o n n e l

Directors and employees. Responsibility for administration of the 

Federal Deposit Insurance Corporation resides in a three-member Board 

of Directors. There were no changes in the membership of the Board 

during 1955. The directors and other Corporation officials are listed 

on page v, and an organization chart of the Corporation is shown on 

page iv. Names of the Corporation’s supervising examiners and locations 

of the district offices are given on pages vi and vii.

The Corporation had a total of 1,131 employees on December 31, 

1955, representing an increase of 44 over the previous year. Almost 

three-fourths of the Corporation’s personnel are employed in the Division of Examination, and most of these are bank examiners working 

in the field. A distribution of the Corporation’s employees according 

to Division and location is presented in Table 12.

During 1955 a total of 216 persons left the employ of the Corporation. 

These separations resulted in a turnover ratio of 19.3 per 100, or 14.1 

per 100 if temporary personnel engaged in field liquidation activities 

are excluded.

1 Guaranty fund savings banks in New Hampshire are included in banking statistics in the category

of "commercial and State savings banks and nondeposit trust companies."

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ORGANIZATION AND PERSONNEL 19

Table 12. N u m b e r o f O ff ic e r s a n d E m p l o y e 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 io n , D e c e m b e r 31, 1955

Division Total Washington

Office

District

and other

field offices

T otal................................................................................................... 1,131

3

294 837

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

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

Legal Division............................................................................... 22 22

Division of Examination............................................................ 816 52 764

Division of Liquidation.............................................................. 58 19 39

Division of Research and Statistics......................................... 43 43

Audit Division............................................................................... 50 16 34

Office of the Controller............................................................... 123 123

Employee benefits and programs. At the end of 1955, 97 percent 

of the Corporation’s employees were included in the United States 

Civil Service Retirement System; the remaining 3 percent, who were 

ineligible for that System, were covered by the Social Security Act. 

Almost 98 percent of the eligible employees had by December 31, 1955 

availed themselves of the group life insurance benefits provided under 

the Federal Employees’ Group Life Insurance Act of 1954.

Since 1952 the Corporation has provided for its employees a hospitalization, surgical, and in-hospital medical benefits program. The Corporation bears the cost of this program for its employees, who may by 

bearing the cost thereof extend it to cover dependents.

The “ one package’’ plan for charitable contributions adopted by 

Washington office employees in 1954 continued in 1955 to command 

the generous support of employees. This plan has reduced the multiplicity and expense of charity appeals and at the same time has proven 

a convenience to employees, most of whom fulfill their pledge through 

regular payroll deductions. At the end of 1955 over 95 percent of the 

Washington office employees participated, and during the year contributions exceeded those previously given to the various charities.

Educational program. Since 1946 the Division of Examination 

has carried on an educational program for its examiners. In 1955 this 

program was extended to include auditors of the Audit Division.

The program consists primarily of correspondence courses given by 

the American Institute of Banking and special graduate courses in 

banking at three universities. Costs of these courses are paid by the 

Corporation. The special graduate programs are conducted by The 

Graduate School of Banking at Rutgers University, the School of Banking 

at the University of Wisconsin, and The School of Banking of the South 

at Louisiana State University. Each of the graduate programs requires 

for completion three summer resident sessions, each of two weeks’ duration, and itwo years of intensive nonresident study.

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The results of this program in terms of more effective personnel are 

highly gratifying to the Corporation. The extent of examiner participation in the program, since its inception and in 1955, is indicated in 

Table 13.

Table 13. R e s u l t s of t h e C o r p o r a t io n ’s E d u c a t io n a l P r o g r a m

fo r E x a m in e r s , 1946-1955

Activity Number

Examiners participating in program on December 31, 1955— total....................

In American Institute of Banking correspondence courses...........................................

In other correspondence courses...........................................................................................

In resident aourses............................................................................................ .......................

In graduate banking school courses.....................................................................................

Courses completed during 1955

All educational courses............................................................................................................

Graduate banking school diplomas received.............................................. .......................

Courses completed 1946-1955

All educational courses............................................................................................................

Graduate banking school diplomas received.....................................................................

Certificates or diplomas received by examiners employed December 31, 1955

From American Institute of Banking

Pre-Standard..........................................................................................................................

Standard..................................................................................................................................

Graduate.................................................................................................................................

From graduate banking schools............................................................................................

388

340

1

12

35

212

19

1,868

110

124

51

13

95

In addition to the regular Corporation educational program, certain 

Assistant Examiners employed by the Corporation have been afforded 

an opportunity to attend the sessions of the Inter-Agency Bank Examination School which is conducted in Washington by the three Federal 

bank supervisory authorities. During 1955, 24 Corporation employees 

were enrolled for the junior sessions of this school and 3 employees were 

enrolled for the senior session. The junior session is designed for newly 

employed Assistant Examiners and the senior session for Assistant 

Examiners who have demonstrated their capability.

Table 14. A u d it R e p o r t of t h e F e d e r a l D e p o sit I n s u r a n c e

C o r p o r a tio n fo r t h e Y e a r E n d e d J u n e 30, 1955

C o m p tr o lle r G e n e r a l of t h e U n ite d S ta t e s

W a s h in g to n 25

B-l 14831 December 15, 1955

Board of Directors

Federal Deposit Insurance Corporation 

Gentlemen:

The Division of Audits, General Accounting Office, has made an audit of F e d e r a l 

D ep osit In su ra n ce C orp ora tion , an independent Government agency, for the 

fiscal year ended June 3 0 ,1 9 5 5 , in accordance with section 17 (b) of the Federal Deposit 

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

This audit included an examination of the balance sheet of Federal Deposit Insurance 

Corporation as of June 30, 1955, and the related statement of income and deposit 

insurance fund for the year then ended. The examination was made in accordance

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AUDIT OF THE CORPORATION 21

Table 14. A u d it R e p o r t o f t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a tio n fo r t h e Y e a r E n d e d Ju n e 30, 1955—Continued

with generally accepted auditing standards and included such tests of the accounting 

records and such other auditing procedures as were 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 the opinion of the General Accounting Office, the accompanying balance sheet 

(exhibit 1) and statement of income and deposit insurance fund (exhibit 2) present 

fairly the financial position of Federal Deposit Insurance Corporation at June 30, 

1955, 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.

Sincerely yours,

/s / J o se p h C a m p b e l l

Comptroller General of the United States

Exhibit 1. 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 ,

B a l a n c e Sh e e t , Ju n e 30, 1955

ASSETS

$ 2,905,635

U. S. Government obligations:

Securities, at amortized cost (face value, $1,711,200,000;

market or redemption value, $1,693,632,109)........................

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

$1,706,136,488

5,392,131 1,711,528,619

Assets acquired in deposit assumption and receivership

transactions:

Subrogated claims of depositors against closed insured banks.

Net balances of depositors in closed insured banks, to be

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

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

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

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

1,836,870

79,619

2,235,189

7,619,438

15,583

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

11,786,699

9,229,098 2,557,601

Accounts receivable, deferred charges, and sundry assets. 197,971

Furniture, fixtures, and equipment, less accumulated

depreciation of $563,450............................................................... 1

LIABILITIES AND DEPOSIT INSURANCE FUND

$1,717,189,827

Accounts payable and accrued liabilities................................. $ 685,767

Earnest money, escrow funds, and collections held for

others............................................................................................... 181,637

Employees’ accrued annual leave................................................ 1,093,537

Deferred credits................................................................................... 22,707

Net balances of depositors in closed insured banks— contra 79,619

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

Available July 1, 1955......................................................................

Estimated amount available July 1, 1956, from net assessment income for 6 months ended June 30, 1955....................

82,007,137

42,578,756 124,585,893

Total liabilities............................................................... 126,649,160

Deposit insurance fund, representing accumulated income

from inception to June 30,1955, available for future deposit

insurance losses and related expenses (note 2 and exhibit 2). 1,590,540,667

$1,717,189,827

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

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22 FEDERAL DEPOSIT INSURANCE CORPORATION

Table 14. A u d it R e p o r t of th e F e d e r a l D e p o sit I n s u r a n c e

C o r p o r a tio n fo r th e Y e a r E n d e d J u n e 30, 1955—Continued

Exhibit 2. F e d e r a l D e p o sit I n s u r a n c e C o r p o r a t io n , St a t e m e n t o f I n c o m e

a n d D e p o s it I n s u r a n c e F u n d fo r t h e Y e a r E n d e d J u n e 30, 1955

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

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

Income from U. S. Government securities

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

Deduct:

Administrative and operating expenses:

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

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

Bents and utilities.................................

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

Estimated deposit insurance losses and expenses on cases

acquired during the year..............................................................

Net Income for year transferred to deposit insurance fund.. . .

Deposit insurance fund, June 30, 1954.............................................

Net adjustment of prior year’s estimate of losses restored to

deposit insurance fund..................................................................

Deposit insurance fund, June 30, 1955 (note 2 and exhibit 1)...

The notes below are an integral part of this statement.

$ 148,462,895

83,805,707

64,657,188

38,066,969

39,685

$5,864,702

1,500,738

408,194

514,804

102,763,842

8,288,438

787,234 9,075,672

93,688,170

1,496,692,007

160,490

$1,590,540,667

N o tes to t h e F in a n c ia l St a t e m e n t s— Ju n e 30, 1955

1. Section 7(d) of the Federal Deposit Insurance Act (12 U.S.C. 1817(d)) 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 by 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.

At June 30, 1955, the net amount due the banks for credits computed on the net assessment income

of calendar year 1954, as adjusted, was $81,625,899; in addition, there was a liability of $381,238 representing adjustments of prior years' credits. The actual amount of credit due the banks from calendar

year 1955 net assessment income is not determinable until after December 31, 1955. For statement

purposes, however, an estimated credit for the first 6 months of 1955 has been computed to be

$42,578,756.

2. At June 30, 1955, the deposit insurance fund was equivalent to 1.42 percent of the insured

deposits in all banks, estimated by the Corporation at 112.2 billion dollars. This fund, however, is not

a measure of the deposit insurance risk, and its adequacy to meet future losses will depend on future

economic conditions which cannot be predicted. Based on data compiled by the Corporation, the fund

appears to be adequate to cover any potential losses at June 30, 1955.

The Corporation may borrow from the United States Treasury, at interest, such funds as in the

judgment of the board of directors of the Corporation are required from time to time for insurance

E

urposes, not exceeding, in the aggregate, three billion dollars outstanding at any time. The Corporation

as never used this borrowing power.

3. Under existing law, the Corporation is not required to bear the Government’s share of the cost

of providing retirement, disability, and compensation (including unemployment) benefits for the employees of the Corporation. These costs are estimated to be approximately $335,000 for the fiscal year

1955.

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PART TWO

BANKING DEVELOPMENTS

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N u m b e r o f B a n k s a n d T h e i r I n s u r a n c e S t a t u s

Changes in number of operating banks and branches. During 

1955 the number of banking offices in the United States increased by 

more than 2 percent, totaling 21,675 at the year-end. As has been true 

during each year since 1947, the number of banks declined, with a more 

than offsetting increase in the number of branches. At the end of 1955 

the number of operating banks was 14,284, down almost 1 percent from 

the end of the preceding year, while the number of branches totaled 

7,391, up more than 9 percent from the same date. The number of banks 

and branches at the end of each year since 1946, and the increase or 

decrease during each year, are shown in Table 15.

Table 15. N u m b e r a n d C h a n g e s in B a n k in g O ff ic e s in t h e

U n it e d S t a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ) r 1946-1955

Year

Number at end of year

or period Change in number Percentage change

or

period Total Total Total

banking

offices

Banks Branches1 banking

offices

Banks Branches1 banking

offices

Banks Branches1

1947-1955.. 21,675 14,284 7,391 2,696 -475 3,171 14.2% -3 .2 % 75.1%

1955........ 21,675 14,284 7,391 515 -125 640 2.4 -.9 9.5

1954........ 21,160 14,409 6,751 381 -143 524 1.8 -1.0 8.4

1953 20,779 14,552 6,227 329 -65 394 1.6 -.4 6.8

1952 20,450 14,617 5,833 295 -44 339 1.5 -.3 6.2

1951........ 20,155 14,661 5,494 304 -32 336 1.5 -.2 6.5

1950 .... 19,851 14,693 5,158 251 —43 294 1.3 -.3 6.0

1949 19,600 14,736 4,864 234 -17 251 1.2 -.1 5.4

1948 19,366 14,753 4,613 191 -14 205 1.0 -.1 4.7

1947 ,

1946 .. .

19,175

18,979

14,767

14,759

4,408

4,220

196 8 188 1.0 .1 4.5

1 Includes “facilities” at military installations.

Increases during 1955 in the number of branches were not restricted 

to any one section of the nation but were widespread, occurring in 37 

States. The number of banks increased in 18 States and decreased in 23 

States. Most of the States with an increase in the number of banks have 

relatively little branch banking; States in which substantial declines 

occurred in the number of banks were those experiencing large increases 

in the number of branches.

Changes in the number of banks and branches, and thus in the total 

number of banking offices, occur for a variety of reasons, the significance 

of which may differ markedly. Table 16 summarizes the types of change 

which have occurred among banks and branches during each year beginning with 1947. Most of the banks ceasing operations have been 

absorbed by, or consolidated or merged with, other banks. The number 

of such combinations has increased substantially in each of the last four 

years, and during 1955 was approximately three times the 1951 level. 

Since 1946 there has been some variation in the number of banks ceasing

25

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

operation for other reasons, such as suspensions and other liquidations, 

but the numbers have been small and display no significant trend.

T a b le 1 6 . A n a l y s is of C h a n g e s in t h e N u m b e r o f B a n k in g O ff ic e s in

t h e U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ), 1947-1955

Year

All

banking

offices—

net

change

Banks Branches

Net

change

Began

operations1

Ceased

operations Other

additions

to (+ )

or deletions

from

(-)

count—

net4

Net

change

Opened for

business

Discontinued—

total6

Other

additions

to (+ )

or deletions

from

(-)

count—

net4

Absorbed2Liquidated3

Succeeded

absorbed

banks

Other

new

branches5

1955 515 -125 116 231 10 640 206 483 50 + 1

1954 381 -143 72 207 9 + 1 524 181 378 37 + 2

1953 329 -65 65 115 12 -3 394 97 323 29 + 3

1952 295 -44 69 99 16 + 2 339 84 278 21 -2

1951 304 -32 63 78 18 + 1 336 59 298 24 -f-3

1950 251 -43 69 89 15 -8 294 73 231 22 + 12

1949 234 -17 72 76 20 + 7 251 61 195 8 + 3

1948 191 -14 78 77 15 205 59 162 20 + 4

1947 196 8113 82 15 -8 188 55 165 31 -1

Detailed data: Table 101, Annual Reports of the Federal Deposit Insurance Corporation, 1947-1955.

1 Mostly new banks, but includes a few previously operating financial institutions which became

banks of deposit.

2 Net decrease as a consequence of absorptions, consolidations, and mergers.

3 Suspensions and voluntary liquidations. Also includes in each year from one to four cases of banks,

the deposits of which were assumed with FDIC aid.

4 Includes revisions in classification and changes occurring in prior years, but on which no information was available until given year.

5 In each year includes: from one to five cases of branches established at places at which a bank

had recently been liquidated; suspended, or removed; and from one to thirty-nine facilities established

in or near military installations at the request of the Treasury or Commanding Officer of the installation.

6 In each year (except 1949, 1951, and 1952) includes from one to ten facilities discontinued at

military installations.

The increasing number of absorptions, consolidations, and mergers 

has had an effect on the formation of branches. Since 1946 about four 

out of five banks losingftheir identity in such combinations have been 

converted into branches of the absorbing banks. Branches formed in 

this way accounted for about 30 percent of all branches opened for 

business during 1955.

Types of operating banks and their insurance status. At the

end of 1955 almost all of the 14,284 banks operating in the United States 

were banks of deposit, classified as commercial banks or mutual savings 

banks. The commercial bank category, which includes a small number 

of stock savings banks, accounted for 96 percent of all banks of deposit. 

Table 17 shows the number of operating banks at the end of 1955, their 

deposits, and their insurance status.

The 13,457 banks participating in Federal deposit insurance on December 31, 1955, comprised 94.6 percent of all banks of deposit, which 

percentage was slightly higher than at the close of the preceding year. 

Not participating in deposit insurance were a very small percentage of 

the commercial banks and about three-fifths of the 528 mutual savings

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NUMBER OF BANKS AND THEIR INSURANCE STATUS 27

banks. Also excluded were the trust companies not regularly engaged 

in deposit banking, which are not eligible for deposit insurance. Deposits 

in insured banks at the end of 1955 were 95.9 percent of deposits in all 

operating banks, a slightly higher percentage than at the end of 1954.

Table 17. N u m b e r a n d D e p o sit s o f A l l B a n k s in t h e U n it e d

St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s), D e c e m b e r 31, 1955

Item

Number or deposits Percentage of total

Total Insured

banks

Noninsured

banks

Insured

banks

Noninsured

banks

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 banking1............

14,284

14,225

13,697

528

59

$221,392

221,325

193,138

28,187

67

13.457

13.457

13.237

220

$212,226

212,226

190,989

21.237

827

768

A60

308

59

$9,166

9,099

2,1 U9

6,950

67

94.2%

94.6

96.6

U1.7

95.9%

95.9

98.9

75.3

5.8%

5.4

s.u

58.3

100.0

4.1%

4.1

1.1

2k.7

100.0

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

Detailed data: See Table 103, pp. 118-119.

B a n k A s s e t s

Asset growth in 1955 and prior years. The assets of all banks 

increased $10 billion during 1955 and at the end of the year amounted 

to $243 billion. The 4.5 percent increase was slightly below that of the 

previous year.

There is considerable variation in the annual rate of growth in bank 

assets. During the past nine years the range has been from a negligible 

increase in 1948 to a nearly 7 percent growth in 1950, with an average 

annual increase of 4.1 percent. However, this pattern of growth has not 

always existed. During the period 1927 through 1935 the range in the 

annual rate of asset change was from a decline of 12.8 percent during 

1931 to a 13.1 percent increase during 1934.

In 1955, as in other recent years, there was a substantial difference 

between the first and second halves of the year with respect to change 

in total bank assets. That is, there was a shrinkage during the first half, 

with all the annual growth occurring during the second half. This pattern 

of change during recent years differs somewhat from that which prevailed prior to 1946. In most earlier years the change in bank assets 

was in the same direction during both halves of the year, although, 

generally, bank assets either increased less or decreased more during

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

the first half of the year than in the second half. Data comparing rates 

of change in bank assets are given in Table 18.

T a b le 1 8. P e r c e n t a g e C h a n g e s in A s se t s, A ll B a n k s in t h e

U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ),

Y e a r s a n d H a l f - Y e a r s , 1927-1935 a n d 1947-1955

Year

1947-1955

Full

year

First

half

Second

half

Average1....................... 4.1% -1 .4 % 5.6%

1955............................ 4.5 -.9 5.4

1954............................ 5.2 -.5 5.8

1953............................ 2.9 -2.8 5.9

1952............................ 5.4 -.5 5.9

1951............................ 6.0 -1.6 7.7

1950............................ 6.8 (*) 6.8

1949............................ 2.3 -2.5 4.9

1948............................ (a) -2.9 3.0

1947............................ 4.0 -1.2 5.2

Year

1927-1935

Full

year

First

half

Second

half

(a) -1 .6 % 1.6%

8.2 1.6 6.5

13.1 7.1 5.6

-8.7 -10.4 2.0

-8.8 -8.7 -.1

-12.8 -2.7 -10.4

-3.6 -1.0 -2.6

-.4 -3.9 3.7

7.5 1.6 5.8

5.8 2.1 3.7

Average.

1935...

1934...

1933...

1932...

1931...

1930...

1929...

1928...

1927...

1 Average (arithmetic mean) of the rates for the various years or half-years.

2 Increase of less than .05 percent.

* Decrease of less than .05 percent.

Components of bank assets and their annual growth rates.

The growth of total assets is not spread evenly among the different types 

of assets held by the banks and varies from year to year. As stated in 

the report of the Corporation for 1954: “ The growth in total bank assets 

during any year may take place in a wide variety of ways. If the best 

lending or investing opportunities are found in loans to commercial and 

industrial enterprises, banks acquire assets of that type. If they lie in 

real estate lending, banks expand their mortgage holdings. Banks may 

also expand their assets by purchase of newly issued or previously existing securities, especially in situations when direct lending opportunities 

are less attractive. Such adjustment to the changing needs of the nation’s 

economy is likely to result in substantial differences in the annual rates 

of growth of various kinds of assets.”

In 1955, loans of banks increased by 17 percent while their holdings of 

United States Government obligations decreased by 10 percent. For 

comparison, in 1954 loans increased by only 6 percent while holdings of 

United States Government obligations increased by 7 percent. Percentage 

changes in different types of bank assets for each year from 1947 to 

1955 are shown in Table 19.

The differences in growth among types of bank assets have resulted, 

over a period of years, in a substantial change in the percentage distribution of bank assets. At the end of 1955 over two-fifths of bank assets 

were loans and less than three-tenths were United States Government 

obligations; nine years earlier, only about one-fifth were loans and over 

half were obligations of the United States Government.

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BANK ASSETS 29

Table 19. D is t r ib u t io n of A sse ts o f A l l B a n k s in t h e U n it e d St a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955, 

a n d A n n u a l P e r c e n t a g e C h a n g e s, 1947-1955

Date or period Total

assets

Cash and

funds

due

from

banks

U. S.

Government

obligations

Obligations

of States

and subdivisions

Other

securities

Loans

and discounts1

Miscellaneous

assets

Am ount (in m illions):

Dec. 31, 1955............... $243,105 $47,979 $70,310 $13,395 $7,359 $100,575 $3,487

Dec. 31, 1946............... 169,255 35,185 87,031 4,471 6,046 35,810 1,712

Percent of total assets:

Dec. 31, 1955............... 100.0% 19.8% 28.9% 5.5% 3.0% 41.4% 1.4%

Dec. 31, 1946............... 100.0 20.8 51.4 2.6 3.0 21.2 1.0

Percentage change:

1947-1955 average2. .. 4.1 3.5 -2.4 13.0 4.3 12.2 8.2

1955..................... 4.5 7.2 -9.9 1.1 1.1 16.9 4.1

1954..................... 5.2 -2.7 7.0 17.4 1.5 6.3 15.6

1953..................... 2.9 .5 -.2 6.8 4.1 6.6 8.1

1952..................... 5.4 .1 2.0 12.5 4.3 11.7 4.7

1951..................... 6.0 10.9 -2.2 13.9 .5 12.0 11.8

1950..................... 6.8 12.4 -7.1 23.9 9.0 21.8 8.8

1949..................... 2.3 -7.5 5.8 15.7 5.4 2.8 2.4

1948..................... (2) 2.8 -8.8 7.3 5.9 12.1 11.9

1947..................... 4.0 9.6 -6.2 19.9 7.0 20.7 7.2

i Net of valuation reserves.

3 Average annual rate of change computed by using compound interest formula.

* Increase of less than .05 percent.

Types of bank loans and their annual growth rates. The irregularity in rates of growth among the various types of bank assets 

extends to the loans made by banks for various purposes. This is indicated by the data in Table 20, which shows the annual rates of change 

for six categories of loans.

Table 20. D is t r ib u t io n o f L o a n s of A l l B a n k s in t h e U n it e d S t a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955, 

a n d A n n u a l Pe r c e n t a g e C h a n g e s, 1947-1955

Date or period Total

loans1

Commercial

and

industrial

Agricultural

(except

real estate)

For

carrying

securities

Real

estate

loans

Other

loans

to individuals

All

other

Am ount (in m illions):

Dec. 31, 1955............... $102,059 $33,456 $4,495 $5,079 $38,461 $17,403 $3,165

Dec. 31, 1946............... 35,823 14,237 1,412 3,164 11,675 4,109 Ij226

Percent of total loans:

Dec. 31, 1955............... 100.0% 32.8% 4.4% 5.0% 37.7% 17.0% 3.1%

Dec. 31, 1946............... 100.0 39.8 3.9 8.8 32.6 11.5 3.4

Percentage change:

1947-1955 average2. .. 12.3 10.0 13.7 5.4 14.2 17.4 11.1

1955..................... 16.9 23.6 -14.0 13.3 14.5 16.5 55.5

1954..................... 6.4 -1.1 4.8 24.8 12.7 2.1 20.5

1953..................... 6.6 -2.4 26.4 12.6 9.4 14.0 -3.4

1952..................... 11.6 7.7 15.1 23.3 10.5 21.1 2.9

1951..................... 11.9 18.0 17.2 -10.3 12.4 3.4 36.6

1950..................... 21.8 28.3 -4.8 8.4 19.5 25.5 35.3

1949..................... 3.1 -9.8 6.3 14.0 9.9 17.2 2.7

1948..................... 13.6 4.2 72.4 12.4 16.8 20.2 5.2

1947..................... 20.7 28.5 18.8 -34.4 22.5 40.9 -11.1

1 Includes valuation reserves, which are excluded from net loans in Table 19.

* Average annual rate of change computed by using compound interest formula.

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30 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

In 1955, when all loans increased by 17 percent, agricultural loans, 

other than farm mortgage loans, decreased by 14 percent, while commercial and industrial loans increased by 24 percent. The rates of change 

in the other major categories of loans were closer to the rate for all loans.

The group of bank loans growing most rapidly over the past nine 

years is the category known as “ other loans to individuals.” Such loans 

are a smaller part of total bank loans than real estate loans or commercial 

and industrial loans. There are several kinds of “ other loans to individuals” for which information is available for insured commercial 

banks; and as is indicated in Table 21 the annual changes are often at 

quite diverse rates.

Table 21. D is tr ib u tio n o f “ O t h e r L o a n s t o In d iv id u a ls ” o f In su r e d

C o m m e rc ia l B a n k s in t h e U n ite d S t a t e s (C o n t in e n t a l U . S. an d

O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955, 

an d A n n u a l P e r c e n ta g e C h a n g e s, 1947-1955

Date or period

Total

“ Other

loans to

individuals”

Retail

automobile

instalment

paper

Other

retail

instalment

paper

Repair and

modernization

instalment

loans

Instalment

cash

loans

Singlepayment

loans

Am ount (in m illions):

Dec. 31, 1955................. $17,266 $5,833 $2,088 $1,739 $2,323 $5,283

Dec. 31, 1946................. 4,031 514 328 311 675 2,203

Percent of total:

Dec. 31, 1955.................

Dec. 31, 1946.................

100.0% 33.8% 12.1% 10.1% 13.4% 30.6%

100.0 12.8 8.1 7.7 16.7 54.7

Percentage change:

1947-1955 average1----- 17.5 31.0 22.8 21.1 14.7 10.2

1955........................ 16.6 33.8 8.3 2.9 7.7 12.9

1954........................ 2.1 -2.7 -9.2 -0.5 9.8 10.5

1953........................ 14.0 25.5 18.8 15.1 10.4 3.0

1952........................ 21.6 30.5 32.5 28.1 20.2 9.6

1951........................ 3.4 .9 -8.8 7.0 9.7 6.9

1950....................... 25.7 38.2 44.1 16.5 14.0 18.4

1949....................... 17.6 36.2 28.4 26.7 8.3 6.1

1948....................... 20.4 48.6 44.6 30.6 14.4 4.9

1947........................ 40.3 87.9 68.0 79.4 39.9 19.7

1 Average annual rate of change computed by using compound interest formula.

In 1955 retail automobile instalment paper, which is the largest 

segment of “ other loans to individuals” , held by insured commercial 

banks increased by 34 percent, in contrast with a decrease of 3 percent 

in 1954. The next largest segment, single-payment loans, increased by

13 percent, slightly more than during the year before.

Assets of insured and noninsured commercial and mutual

savings banks. At the close of 1955, insured commercial banks held 

86 percent of the assets of all banks, with the remainder divided as follows: 

noninsured commercial banks, 1 percent; insured mutual savings banks, 

10 percent; and noninsured mutual savings banks, 3 percent. Table 22 

gives the amounts of the principal categories of assets on that date held 

by each of these groups of banks.

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B A N K A S S E T S 31

T a b le 2 2 . D is t r ib u t io n o f A sse ts o f A ll B a n k s in t h e U n it e d St a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s ) b y T y p e a n d

I n s u r a n c e St a t u s o f B a n k s , D e c e m b e r 31, 1955

Assets All

banks

Insured

commercial

banks

Noninsured

commercial

banks

Insured

mutual

savings

banks

Noninsured

mutual

savings

banks

Am ount (in m illions):

Total assets....................................... $243,105 $209,145 $2,686 $23,458 $7,816

Cash and funds due from banks. 47,979 46,560 454 785 180

Securities.......................................... 91,064 77,241 1,382 8,768 3,673

U. S. Government obligations... 70,310 60,877 974 5,858 2,601

Obligations of States and subdivisions ................................... 13,395 12,501 258 534 102

Other securities............................ 7,359 3,863 150 2,376 970

Loans and discounts, net............. 100,575 82,360 758 13,563 3,894

Valuation reserves........................... 1 ,U8U 1,268

83,628

2 190 2U

Loans and discounts, gross.......... 102,059 760 13,753 3,918

Commercial and industrial.... 33,456 33,210 213 29 k

Agricultural (excluding real

estate) ........................................ A,495

5,079

A,411

h,97U

82 2

For carrying securities............... 87 15 S

Real estate.................................... 38,461 20,767 237 13,609 3,84.8

Other loans to individuals......... 17,403 17,160 106 77 60

All other loans............................. 3,165 3,106 35 21 3

Fixed and miscellaneous assets. . 3,487 2,984 92 342 69

Number of banks, Dec. 31, 1955. . .. 14,284 13,237 519 220 308

Detailed data: See Table 105, pp. 124-125.

B a n k D e p o s it s

Deposit growth in 1955 and prior years. Total deposits of all 

operating banks at the end of 1955 were $221 billion. The increase 

during 1955 was 4.4 percent. As in the case of assets, this was smaller 

than the rate of growth of the previous year, but a little above the 

average annual growth since 1946.

Variation in the annual change in deposits is similar to that in bank 

assets. During the past nine years the annual change in deposits has 

ranged from a decrease of 0.4 percent in 1948 to an increase of 6.6 percent 

in 1950. During the period of similar length two decades earlier, the 

range was from a decrease of 14.8 percent in 1931 to an increase of 18.0 

percent in 1934.

As in the case of assets, deposits in recent years have been subject 

to substantial shrinkage during the first half of each year. All the annual 

growth, including an offset to the first-half decrease, has taken place 

during the second half of the year. Again, as in the case of assets, the 

differences between the first and second halves of the year are generally 

greater than those of two decades ago. Table 23 shows the annual and 

half-year changes for each of the years from 1947 to 1955 and from 

1927 to 1935.

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32 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

Table 23. P e r c e n ta g e C h a n g e s in D e p o s its o f A l l B a n k s in t h e

U n ite d S t a t e s (C o n t in e n t a l U . S. an d O t h e r A r e a s ),

Y e a r s a n d H a l f - Y e a r s, 1927-1935 a n d 1947-1955

Year

1947-1955

Full

year

First

half

Second

half

Year

1927-1935

Full

year

First

half

Second

half

.6% - 1.1% 1.6%

11.1 2.9 8.0

18.0 10.2 7.1

-8.2 -9.5 1.4

-7.3 -8.3 1.0

-14.8 -2.0 -13.0

-2.9 -.1 -2.9

-2.7 -5.7 3.3

6.7 0.1 6.4

5.6 2.2 3.3

Average1

1955..

1954..

1953..

1952..

1951..

1950..

1949..

1948..

1947..

3.9%

4.4

5.0

2.8

5.3

6.0

6.6

2.0

-.4

3.8

- 1.8%

- 1.1

- 0.8

-3.3

-.9

- 2.0

-.4

-3.0

-3.4

- 1.6

5.8%

5.5

5.8

6.3

6.2

8.1

7.0

5.1

3.1

5.5

Average

1935..

1934..

1933..

1932..

1931..

1930..

1929..

1928..

1927..

1 Average (arithmetic mean) of the rates for the respective years or half-years.

Components of bank deposits and their annual growth rates.

At the end of 1955, 85 percent of bank deposits were in categories classified as business and personal, with the remainder divided about equally 

between government and interbank deposits. These proportions do 

not change much from year to year. Nevertheless, there are differences 

from year to year in the annual rates of change in the various types 

of deposits. Such variations are shown in Table 24. In the case of business 

and personal demand deposits the range was from a decrease of 3 percent 

in 1948 to an increase of 10 percent in 1950.

Table 24. D is t r ib u t io n o f D e p o s its o f A l l B a n k s in t h e

U n ite d S t a t e s ( C o n t in e n t a l U . S. an d O t h e r A r e a s ),

D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955

Date or period Total

Business and personal Government

Interbank2

Demand1 Time and

savings

States

and subdivisions

United

States

Am ount (in millions):

Dec. 31, 1955......................... $221,392 $113,357 $74,444 $12,769 $4,129 $16,693

Dec. 31, 1946......................... 156,751 83,672 50,283 6,895 3,163 12,738

Percent of total deposits:

Dec. 81, 1955......................... 100.0% 51.2% 33.6% 5.8% 1.9% 7.5%

Dec. 31, 1946......................... 100.0 53.4 32.1 4.4 2.0 8.1

Percentage change:

1947-1955 average*.............. 3.9 3.4 4.5 7.1 3.0 3.2

1955................................ 4.4 5.9 4.8 2.5 -10.3 -1.0

1954................................ 5.0 3.5 7.1 7.0 1.3 5.3

1953................................ 2.8 .3 7.2 9.0 -15.1 4.1

1952................................ 5.3 2.9 7.7 5.8 44.5 1.6

1951................................ 6.0 6.3 4.1 5.8 21.0 7.6

1950................................ 6.6 9.8 1.4 6.6 -7.8 10.5

1949................................ 2.0 .6 2.0 4.6 31.9 3.6

1948................................ -.4 -2.9 1.7 9.9 64.0 -5.8

1947................................ 3.8 5.1 4.3 13.0 -51.5 2.5

* Includes certified checks, letters of credit, etc.

* Includes postal savings deposits, and for 1946 a small amount of unclassified deposits.

* Average annual rate of change computed by using compound interest formula.

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B A N K D E P O S IT S 33

Importance of deposit growth. Bank assets and bank deposits 

are both closely related to the economic life of the nation. The loans 

and investments of banks provide nearly one-third of the funds borrowed 

by enterprises, individuals, and governments. But, whereas this loaning 

function of banks is shared with many other institutions, the deposit 

function of banks is almost unique. This is because bank deposits are 

used as circulating medium and comprise about seven-eighths of the 

money supply used by enterprises and individuals in making payments.

Changes in the aggregate amount of bank deposits owned by enterprises and individuals are rather closely related to changes in their 

expenditures for the goods and services which make up the aggregate 

output of the economy. If, for example, the aggregate amount of deposits 

is reduced, people can continue their former rate of spending only by 

changing their habits regarding the amount of deposits they hold relative 

to their expenditures. Such habits change slowly. Consequently, maintenance of growth in bank deposits is an essential ingredient of national 

economic policy directed toward the maintenance of prosperity and a 

growing economy. However, the rate of growth must be kept at a reasonable rate, for a rapid increase in the circulating medium opens the door 

to price inflation and its disturbances to the economy.

Deposits of insured and noninsured commercial and mutual

savings banks. Bank deposits are distributed among insured and 

noninsured commercial and mutual savings banks in the same manner 

as assets. Table 25 gives the amounts of the principal categories of deposits 

held by each of these groups of banks. Percentage changes during the 

year 1955 and for the nine-year period from the end of 1946 to the end 

of 1955 are also shown in the table.

Both in 1955 and for the period since 1946 the deposits in mutual 

savings banks increased more rapidly than those in commercial banks. 

Deposits of mutual savings banks are almost entirely savings accounts, 

and the growth in such deposits was substantially greater, percentagewise, than that of time and savings deposits in commercial banks.

B a n k C a p i t a l

Growth in capital accounts. In most recent years, capital accounts 

of banks have increased more rapidly than either bank assets or bank 

deposits, thus resulting in gradually rising ratios of capital accounts to 

assets and deposits. Table 26 shows the percentage changes in the banks’ 

total capital accounts in 1955 and the average annual change since 1946 

for insured and noninsured commercial and mutual savings banks. 

Ratios of total capital accounts to assets and to deposits, as of the end 

of the year, for 1946 and for 1954 and 1955 are also given for each group 

of banks.

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34 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

Table 25. D e p o sit s o f A l l B a n k s in t h e U n it e d St a t e s (C o n t in e n t a l U . S.

a n d O t h e r A r e a s ), B y T yp e a n d I n s u r a n c e St a t u s of B a n k s , D e c e m b e r 31, 1955, 

a n d P e r c e n t a g e C h a n g e s D u r in g 1955 a n d F r o m 1946 to 1955

Deposits or

percentage change

All

banks

Insured

commercial

banks

Noninsured

commercial

banks

Insured

mutual

savings

banks

Noninsured

mutual

savings

banks

Am ount (in m illions):

Total deposits.................................. $221,392 $190,989 $2,216 $21,237 $6,950

Business and personal:

Demand........................................ 113,357 112,214 1,097 45 1

Time and savings....................... 74,444

12,769

45,891 440 21,168 6,945

States and subdivisions................ 12,505 242 19 3

United States Government......... 4,129

16,693

11*2,561*

4,066 60 2 1

Interbank......................................... 16,313

11*1,037

377 3

Total demand deposits................... 1 ,1*71 53 3

Total time deposits.......................... 78,828 1*9,952 71*5 21,18 1* 6,91*7

Percentage change during 1955:

Total deposits................................... 4.4% 4.2% -6.2% 6.8% 7.4%

Business and personal:

Demand........................................ 5.9 6.0 2.9 -.5 6.8

Time and savings....................... 4.8 3.6 -6.3 6.8 7.4

States and subdivisions............... 2.5 2.6 -3.2 2.4 -3.1

United States Government......... -10.3 -10.2 -16.2 -10.1 -.3

Interbank......................................... -1.0 -.4 -14.5 -3.0 -34.9

Percentage change Dec. 31, 1946

to Dec. 31, 1955

Total deposits.................................. 41.2% 39.4% -22.3% 85.8% 27.7%

Business and personal:

Demand....................................... 35.5 36.4 -21.4 333.3 -39.0

Time and savings....................... 48.0 40.1 -34.4 85.5 27.7

States and subdivisions................ 85.2 88.5 -6.8 908.7 573.5

United States Government......... 30.5 33.5 -47.7 46.6 115.6

Interbank......................................... 31.1 32.4 -8.4 309.7 64.7

Number of banks, Dec. 31, 1955. .. . 14,284 13,237 519 220 308

Detailed data: See Table 105, pp. 124-125.

Table 26. T o t a l C a p it a l A c c o u n t s of A l l B a n k s in t h e U n it e d S t a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s ), B y T y p e a n d I n s u r a n c e S t a t u s

of B a n k s , D e c e m b e r 31, 1946 a n d 1955, A v e r a g e A n n u a l P e r c e n t a g e

C h a n g e , 1947-1955, a n d R a t io s to A sse ts a n d D e p o s it s, 1946, 1954, a n d 1955

Date or period All

banks

Insured

commercial

banks

Noninsured

commercial

banks and

trust

companies

Insured

mutual

savings

banks

Noninsured

mutual

savings

banks

Am ount (in m illions):

Dec. 31, 1955............................ $18,210 $15,009 $389 $2,006 $806

Dec. 31, 1946............................ 11,345 9,288 273 1,173 611

Percentage change:

....................................... 4.9% 5.1%In 1955 -.7 % 4.5% 4.2%

1947-1955 average1.................. 5.4 5.5 4.6 6.2 3.1

Ratio total capital accounts

to assets

Dec. 31, 1955............................ 7.5 7.2 14.5 8.6 10.3

Dec. 31, 1954............................ 7.5 7.1 13.9 8.7 10.6

Dec. 31, 1946............................ 6.7 6.3 8.6 9.3 10.1

Ratio total capital accounts

to deposits

Dec. 31, 1955............................ 8.2 7.9 17.6 9.4 11.6

Dec. 31, 1954............................ 8.2 7.8 16.6 9.7 12.0

Dec. 31, 1946............................ 7.2 6.8 9.6 10.3 11.2

1 Average annual rate of change computed by using compound interest formula.

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B A N K C A P IT A L 35

The ratios of the capital accounts of the banks to their assets and 

deposits are now substantially lower than they were two decades earlier. 

These ratios for all operating banks are shown in Chart C, for each year 

from 1926 to 1935 and from 1946 to 1955.

C h a r t C . C a p it a l R a t io s o f A l l O p e r a t in g B a n k s , 1926-1935 a n d 1946-1955

I n c o m e o f I n s u r e d B a n k s

Sources and disposition o f bank income. The total income of 

insured commercial banks in 1955 was about 3 percent larger than in 

1954, and about twice as large as in 1947. The total income of insured 

mutual savings banks was 5 percent larger in 1955 than in the preceding 

year, and somewhat less than twice as large as in 1947. The sources of 

income, for insured commercial banks and for insured mutual savings 

banks, and the uses made of this income are shown in Table 27. Comparisons are also made with the preceding year and with 1947.

Growth o f bank income, 1947 to 1955. In Chart D, the growth in 

bank income for the 1947-1955 period, for insured commercial banks 

and for insured mutual savings banks, is compared with the increase in 

the assets of the banks. This chart is on a ratio scale. On this kind of 

a chart, the same percentage change is shown by the same slope of the 

lines, even though there may be a great difference in the magnitudes 

of the amounts plotted. The rate of growth of income of insured commercial banks, it will be noted, was considerably greater than the increase in bank assets; but the growth of income of insured mutual savings 

banks has been at about the same rate as the increase in assets.

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36 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

T a b le 27. S o u r c e s a n d D is 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 B a n k s in t h e U n it e d St a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s), 1947, 1954, a n d 1955

Item

Amounts (in millions)

Percent of total,

1955* Insured commercial

banks

Insured mutual

savings banks1

1955 1954 1947 1955 1954 1947

Commercial

banks

Mutual

savings

banks

Total incom e.......................... $6,617 $6,405 $3,360 $846 $781 $475 100.0% 100.0%

Sources

Loans...................................... 3,697 3,263 1,282 536 454 153 55.9 63.3

U. S. Government obligations ................................ 1,334 1,273 1,080 151 156 185 20.2 17.8

Other securities.................... 351 325 179 99 96 24 5.3 11.7

Service charges on deposits. 340 312 148 5.1

Other current income*........ 656 601 409 28 28 13 9.9 3.3

Recoveries, etc.4.................. 240 631 262 33 47 100 3.6 3.9

Disposition

Salaries and wages.............. 1,896 1,762 947 75 71 45 28.7 8.9

Interest and dividends on

deposits.............................. 678 618 298 536 466 181 10.2 63.4

Other current expenses*. . . 1,386 1,258 737 83 83 49 20.9 9.8

Charge-offs, etc.6................. 707 553 295 56 51 112 10.7 6.6

Income taxes6....................... 794 907 302 9 11 6 12.0 1.1

Dividends to stockholders7. 566 517 315 8.6

Additions to capital accounts ................................. 590 790 466 87 99 82 8.9 10.3

Note: Due to rounding differences, components may not add precisely to the totals.

1 Because of changes in 1951 in the method of reporting, data for 1954 and 1955 are not strictly

comparable with those for 1947 nor with those for commercial banks.

2 Percentages are computed from unrounded data.

* For mutual savings banks in 1954 and 1955 includes amounts classified as “nonrecurring” income

or expenses.

4 Recoveries from assets previously charged off except those credited to valuation reserve accounts,

profits on assets sold, and transfers from valuation reserve accounts.

6 Losses and other charge-offs except those charged to valuation reserve accounts, and transfers

to valuation reserve accounts.

6 For mutual savings banks, includes franchise taxes computed on an income basis.

7 Includes interest on capital notes and debentures.

C h a r t D. A sse ts a n d I n c o m e , I n s u r e d C o m m e r c ia l a n d

M u t u a l Sa v in g s B a n k s , 1947-1955

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IN C O M E O F IN S U R E D B A N K S 37

Chart E, also on a ratio scale, compares for the two groups of insured 

banks the change in holdings of the two major categories of assets, 

loans and securities, with the income from those assets. Income from 

loans, in the case of insured commercial banks, increased relatively 

more than the amount of loans held; while in the case of insured mutual 

savings banks, the income from loans increased less rapidly than the 

amount of loans. The amounts of securities held by both groups of banks 

remained comparatively steady during the nine-year period; the income 

from them increased relative to the amounts held, especially for the 

insured commercial banks after 1951 and for the insured mutual savings 

banks in 1955.

Chart E. L o a n s an d S e c u r itie s an d In com e fr o m T hem ,

In s u r e d B a n k s, 1947-1955

Operating earnings and expenses, insured commercial banks, 

1947 to 1955. In 1955, as in other years, income from loans and securities 

constituted about four-fifths of the current income of the insured commercial banks. Their remaining income consists of such items as service 

charges on deposits, trust department earnings, and fees from miscellaneous services.

Current operating expenses of insured commercial banks are about 

two-thirds of current operating earnings. This proportion has remained 

comparatively steady throughout the 1947-1955 period. Salaries and 

wages constitute about half the current operating expenses of insured 

commercial banks. Other operating expenses include interest paid on 

time and savings deposits, interest and discount on borrowed money, 

fees to directors and members of committees, taxes other than on net 

income, rents, recurring depreciation on banking house and equipment, 

and various other items not specified in the reports. Of the total spent

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38 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

for these various types of expense, interest on time deposits constitutes 

about a sixth of total current operating expenses; this is about a tenth 

of current operating earnings.

Operating earnings and expenses, and interest and dividends

on deposits, insured mutual savings banks, 1947 to 1955. Nearly 

all of the income of insured mutual savings banks is derived from loans 

and securities. On the expense side, savings banks do not have the 

clerical cost of handling checking accounts, as their business is confined 

almost entirely to the handling of savings accounts, and amounts paid 

to depositors as interest or dividends are not included in current operating 

expenses. For these reasons, the current operating expenses of mutual 

savings banks, consisting of salaries and wages and miscellaneous expenses, absorb a much smaller part of current operating earnings than 

in the case of commercial banks. For insured mutual savings banks, 

current operating expenses in 1955 were less than one-fifth of current 

operating earnings.

Because the type of operations of savings banks permits smaller 

expenses relative to deposits than in the case of commercial banks, and 

because in mutual banks the depositors are also the owners, the mutual 

savings banks are able to use a larger part of their current operating 

earnings for dividends on deposits than the commercial banks use for 

interest on deposits. In 1955, the dividends on deposits of insured mutual 

savings banks amounted approximately to two-thirds of their current 

operating earnings. This proportion has increased in recent years, having 

risen from about half of current operating earnings in 1947.

Rates of income. Table 28 shows for each year from 1947 to 1955 

the average rate of income on loans, on United States Government 

obligations, and on other securities, by insured commercial banks and 

by insured mutual savings banks.

Table 28. A v e r a g e R a t e s o f I n c o m e , I n s u r e d B a n k s , 1947-1955

Year

Insured commercial banks Insured mutual savings banks

On loans

On U. S.

Government

obligations

On

other

securities

On loans1

On U. S.

Government

obligations

On

other

securities

1955..................... 4.88% 2.09% 2.15% 4.25% 2.51% 3.30%

1954..................... 4.79 1.98 2.14 4.15 2.31 3.19

1953..................... 4.84 1.98 2.11 4.12 2.49 3.16

1952..................... 4.64 1.80 2.04 4.09 2.43 3.05

1951..................... 4.45 1.65 1.99 4.14 2.35 2.98

1950..................... 4.34 1.59 2.04 4.35 2.35 2.95

1949..................... 4.22 1.61 2.15 4.37 2.33 3.00

1948..................... 4.04 1.57 2.14 4.43 2.29 3.00

1947..................... 3.79 1.54 2.16 4.51 2.28 2.99

1 Because of changes in 1951 in the method of reporting by insured mutual savings banks, data

for 1951-1955 are not strictly comparable with those for previous years nor with those for insured commercial banks.

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IN C O M E O F IN S U R E D B A N K S 39

Insured commercial banks have had a rise in the rate of income on 

loans during each of the past nine years, except for a slight decline in 

1954. For the period as a whole the rise has been substantial; in 1955 

the insured commercial banks received over a fourth more income for 

each $100 of loans than they did in 1947. Rates of income received by 

the insured commercial banks on their holdings of United States Government obligations have also increased in most of the years during this 

period, and in 1955 were more than a third higher than in 1947. In contrast, there was a relatively small change in the rate of income on other 

securities, the 1955 figure being about the same as that in 1947, with 

lower rates for all of the intervening years.

In 1955, and during the preceding four years, the average rate of 

income on loans received by insured mutual savings banks was lower 

than that of insured commercial banks. For the years from 1947 to 1950 

the average rate of income on loans received by insured mutual savings 

banks had been higher than that of insured commercial banks. For the 

nine-year period as a whole, the insured mutual savings banks did not 

experience, as did the insured commercial banks, an increase in the rate 

of income from loans. This is due primarily to differences in the major 

types of loans held. The bulk of the loans of insured mutual savings 

banks are loans secured by real estate mortgages. The largest segment 

of the loans of insured commercial banks is the industrial and commercial 

group, on which interest rates have been rising; and another segment, 

that of instalment loans to individuals, on which rates of interest are 

generally higher than on other types of loans, has been increasing in 

relative importance.

Expense ratios. Expense ratios of insured commercial banks, like 

their rates of income, increased steadily during the nine-year period 

from 1947 to 1955, whether measured in relation to the amount of assets 

of the banks or in relation to the amount of their deposits. Bank expenses 

are incurred in part in the handling of assets, but the major part of the 

cost of operations of commercial banks is incurred in the handling of 

deposit accounts. In Table 29, which gives the more important expense 

ratios, the expenses are related to deposits.

In 1955 total operating expenses of the insured commercial banks 

amounted to $2.14 for each $100 of deposits, compared with $2.06 the 

previous year and $1.44 in 1947. Very close to half of these amounts, in 

each of the years, was wages and salaries. Interest paid on time and savings deposits rose from 0.87 percent in 1947 to 1.38 percent in 1955; and 

income from service charges on demand deposits from 0.14 percent to 

0.25 percent.

Expense ratios for insured mutual savings banks, which are also given 

in Table 29, are likewise related to deposits. The operating expenses of

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40 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

mutual savings banks represent the cost to their depositor-owners of 

having funds invested for them under the conditions prescribed by law 

for such banks. In 1955 total operating expenses of insured mutual 

savings banks amounted to $0.77 for each $100 deposits. This is about 

two-fifths of the corresponding ratio for insured commercial banks, 

reflecting primarily the absence of costs of handling checking accounts. 

Salaries and wages, as in the commercial banks, accounted for nearly 

half of total current operating expenses. It may be noted that in the 

insured mutual savings banks salaries and wages, and also total current 

operating expenses, were no higher relative to deposits than in 1947.

Table 29. E x p e n s e R a t io s a n d I n t e r e s t P a id o n D e p o s it s,

I n s u r e d B a n k s , 1947-1955

Year

Insured commercial banks Insured mutual savings banks

Total

current

operating

expenses

to total

deposits1

Salaries

and wages

to total

deposits

Service

charges

on

demand

deposits

Interest

on time

and

savings

deposits

Total

current

operating

expenses

to total

deposits1

Salaries

and wages

to total

deposits

Dividends

on time

and

savings

deposits

1955........... 2.14% 1.03% 0.25% 1.38% 0.77% 0.36% 2.61%

1954........... 2.06 1.00 .24 1.32 .78 .36 2.37

1953........... 1.98 .97 .21 1.24 .79 .37 2.35

1952........... 1.84 .91 .20 1.15 .87 .37 2.27

1951........... 1.74 .87 .20 1.03 .88 .37 1.88

1950........... 1.67 .82 .19 .94 .82 .39 1.84

1949........... 1.63 .79 .19 .91 .79 .39 1.79

1948........... 1.55 .75 .17 .90 .80 .39 1.57

1947........... 1.44 .69 .14 .87 .79 .38 1.53

1 For insured commercial banks includes interest on time and savings deposits, which is about

one-sixth of total current operating expenses; for insured mutual savings banks excludes dividends on

time and savings deposits and includes amounts reported for 1951-1955 as “nonrecurring expenses” .

Because of changes in 1951 in the method of reporting by insured mutual savings banks, data for 1951-

1955 are not strictly comparable with those for previous years nor with those for insured commercial

banks.

The average rate of dividends on time and savings deposits paid by 

insured mutual savings banks has increased steadily during the nineyear period, rising from 1.53 percent in 1947 to 2.61 percent in 1955. 

These rates throughout the period have been nearly twice the average 

rate of interest paid on time and savings deposits by insured commercial 

banks.

Allowance for losses and gains on assets disposed of or revalued.

Banks make provision for losses on assets by direct charge-offs or by 

transferring earnings to valuation reserve accounts; and on the income 

side, recapture some of the values previously charged off and obtain 

profits on assets sold at prices higher than they had been carried on 

their books.

Allowance for losses by insured commercial banks, through direct 

charge-offs and transfers to reserve accounts, was more than a fourth

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IN C O M E O F IN S U R E D B A N K S 41

larger in 1955 than in the previous year; and was equal to 0.35 percent 

of the amount of assets held, or to 0.44 percent of such assets excluding 

cash and due from banks. The amounts for the two years, and the portion 

which related to loans and securities, respectively, are shown in Table 

30, with similar data for 1948, the earliest year for which information 

is available in the same detail. The same table also shows the amounts 

of gains taken into the banks’ income accounts from profits on assets 

sold, recoveries on assets previously charged off, and transfers from 

reserve accounts. In 1955, as in most previous years but in contrast with 

1954, the amounts taken into the income accounts from these sources 

were less than the allowance for losses. In 1954 profits on securities sold 

had been unusually large.

Table 30. G a in s a n d A l l o w a n c e fo r L o sses o n A s s e ts D isp o se d o f

o r R e v a l u e d , I n s u r e d C o m m e r c ia l B a n k s , 1948, 1954, a n d 1955

(In millions of dollars)

Year

Net gains

( + ) or

loss

allowance

(-)

Gains or cancellation of

loss allowance Allowance for losses

Total

Recoveries

and

profits1

Transfers

from

reserve

accounts

Total

| Losses

9 and

I charge-

| offs*

Transfers

to

reserve

accounts

On all assets

1955..................... $-468 $240 <*> (») $707 (») (»)

1954..................... + 79 631 (3) (*) 553 (*)

1948..................... -219 266 («) (•) 486 (*) (*)

On loans

1955..................... -253 78 $ 27 $51 332 $ 28 $304

1954..................... -160 92 34 58 252 29 223

1948..................... -222 89 40 49 311 32 279

On securities

1955...... .............. -171 118 78 40 289 221 67

1954..................... +299 492 431 61 193 67 126

1948..................... -66 113 89 24 120 79 41

On other assets

1955..................... -43 44 (*) (*) 87 (•) (■)

1954..................... -60 48 (*) («) 107 (*) («)

1948..................... + 9 64 (3) (») 55 (*) (*)

Note: Due to rounding differences, components may not add precisely to the totals.

1 Recoveries from assets previously charged off excluding those credited to reserve accounts (see

Table 31), and profits on assets sold. For securities, profits on sales were as follows: 1955, $57 million;

1954, $417 million; and 1948, $60 million.

* Excluding those charged to reserve accounts (see Table 31).

* Not reported separately.

The net additions to reserve accounts by insured commercial banks 

brought the amounts of such reserves against loans and securities to 

1.67 and 0.30 percent, respectively, of the amounts of such assets held. 

The amounts of such reserves, and the changes in them, for each year 

from 1948 to 1955, are shown in Table 31.

Insured mutual savings banks also make provision for losses through 

charge-offs and transfers of earnings to other accounts, but the accounting 

and reporting procedures used are not identical with those used by

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42 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

commercial banks. In 1955, the allowance for losses of the insured mutual 

savings banks was equal to 0.25 percent of total assets. Their net additions to valuation reserves brought the amount of such reserves against 

loans and securities to 1.34 percent and 1.04 percent, respectively, of 

the amounts of such assets held.

Table 31. R e s e r v e s fo r L o sse s on L o a n s a n d o n Se c u r it ie s ,

I n s u r e d C o m m e r c ia l B a n k s in t h e U n it e d St a t e s

(C o n t in e n t a l U . S. a n d O t h e r A r e a s ), 1948-1955

(Amounts in millions of dollars)

Year Amount of

reserves

end of

year

Computed

net change

during

year1

Changes reported

Ratio of

reserves to

loans or

securities4

Net

transfers

from

earnings2

Net losses

charged to

reserve

accounts3

On loans

1955........................ $1,268 $ 196 $253 $49 1.67%

1954........................ 1,072 108 165 49 1.57

1953........................ 964 58 114 56 1.48

1952........................ 906 87 127 33 1.51

1951........................ 818 145 176 36 1.50

1950....................... 674 125 161 34 1.46

1949........................ 549 139 193 53 1.32

1948....................... 410 (5) 230 36 1.03

On securities

1955........................ 239 -38 27 65 .30

1954........................ 277 43 66 13 .35

1953........................ 235 -8 27 36 .31

1952........................ 243 -11 9 21 .33

1951........................ 254 -4 19 15 .35

1950........................ 250 + 12 16 3 .33

1949........................ 238 -5 6 4 .33

1948....................... 233 (5) 17 11 .32

Note: Due to rounding differences, components may not add precisely to the totals.

1 Difference from amount of reserves reported for end of the preceding year. Differs in some years

from change reported for the year because of banks ceasing operations and not submitting earnings

reports, or because of other adjustments.

2 Transfers to reserve accounts in excess of transfers from reserve accounts.

8 Losses charged to reserve accounts in excess of recoveries credited to reserve accounts.

4 Based on averages of loans or securities at beginning, middle, and end of year.

6 Not available.

Profits of insured commercial banks. Net profits of insured 

commercial banks, both before and after income taxes, were less in 1955 

than in the previous year. This was due to the unusually large profits 

in 1954 on sales of securities. For the six years previous to 1955 the 

profits before income taxes of insured commercial banks rose at a much 

faster rate than the assets of the banks, as is indicated by the differences 

in the slopes of the lines on the left side of Chart F.

In 1955, as in 1954, income taxes took about 41 percent of the net 

profits of the insured commercial banks before such taxes, in comparison 

with 43 percent in 1953. From 1947 to 1953, the rise in the profits of 

the banks before income taxes was accompanied by a relatively larger 

portion absorbed by income taxes, as is shown in Table 32. Consequently, 

profits after income taxes rose much less rapidly than profits before 

income taxes.

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IN C O M E O F IN S U R E D B A N K S 43

Chart F. A sse t s, C a p it a l , a n d N e t P r o f it s,

I n s u r e d C o m m e r c ia l B a n k s , 1947-1955

Table 32. D is p o s it io n o f N e t P r o f it s, I n s u r e d C o m m e r c ia l B a n k s in t h e

U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s), 1947-1955

Year

Net

profits

before

income

taxes

(millions)

Proportion

absorbed

by taxes

on net

income

Net

profits

^after

income

taxes

(millions)

Proportion used for— Ratios to total

capital accounts

Dividends1

Additions

to capital

accounts

Net profits

after income taxesDividends

1955 $1,950 40.7% $1,156 49.0% 51.0% 7.9% 3.9%

1954 2,215 41.0 1,307 39.6 60.4 9.5 3.8

1953........... 1,812 43.4 1,026 46.2 53.8 7.9 3.7

1952........... 1,685 41.2 990 44.6 55.4 8.1 3.6

1951........... 1,468 38.1 908 46.1 53.9 7.8 3.6

1950........... 1,365 31.3 937 41.8 58.2 8.5 3.6

1949........... 1,157 28.1 831 42.6 57.4 8.0 3.4

1 9 4 8 ...... 1,021 27.0 745 44.5 55.5 7.5 3.3

1947........... 1,084 27.9 781 40.3 59.7 8.2 3.3

^Including dividends on preferred stock and interest on capital notes and debentures.

In the majority of recent years, net profits after taxes of insured 

commercial banks have increased less rapidly than the total capital 

accounts of the banks, as may be seen from the slopes of the lines on 

the right-hand side of Chart F. The conspicuous exception to this was 

in 1954, when the profits on securities sold resulted in a very large amount 

of profits, even after payment of income taxes.

The use which the insured commercial banks made of their net profits 

after taxes, that is, the amounts of dividends to stockholders and of 

additions to capital accounts, are also shown in Table 32 for each year 

from 1947 to 1955. In 1955 almost half of the net profits after taxes were 

disbursed to stockholders, a larger proportion than in any other year 

during this period.

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44 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

Additions to surplus by insured mutual savings banks. Additions 

to surplus by insured mutual savings banks, representing the excess of 

income from all sources over operating expenses, dividends to depositors, 

provision for losses, and taxes, were somewhat less in 1955 than in 1954. 

The amounts for the two years are shown in the table on sources and 

disposition of income on page 36.

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Federal Reserve Bank of St. Louis
PART THREE

DEPOSIT ACCOUNTS AND INSURANCE COVERAGE

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S p e c ia l C a l l s f o r D e p o s it I n f o r m a t io n

The Federal Deposit Insurance Corporation requested a report from 

each insured bank on its deposits as of September 21, 1955. The purpose 

of this request was to assist the Corporation in estimating its contingent 

liability in insuring bank deposits. Such requests have been made at 

intervals of from two to four years, the last being in 1951.

Each insured bank was asked to report the number of its deposit 

accounts and the amount of deposits in those accounts, with accounts 

grouped by size. Four size groupings for accounts were used: $10,000 

or less; $10,000 to $25,000; $25,000 to $100,000; and more than $100,000. 

Banks were also asked to report these data for each of several types of 

accounts: savings and time deposits of individuals, partnerships, and 

corporations; demand deposits of individuals, partnerships, and corporations; United States Government deposits; State and local government 

deposits; interbank deposits; uninvested trust funds; drafts; and other 

items.

The special report requested information on some types of bank 

obligations which are not regularly included in deposits as reported in 

the statements of assets and liabilities called “ reports of condition” . 

The important differences are reciprocal demand balances with other 

banks, trust funds redeposited in other banks, and certain outstanding 

drafts. Because of these differences the total amount of deposits reported 

by banks for the special call exceeds by approximately one percent the 

total amount of deposits which banks would have reported on the same 

date had they been asked to submit reports of condition. The form and 

instructions used by the banks are shown on pages 59-61.

Estimation of insured deposits. Insured deposits are estimated 

from the special reports by summing the deposits in all accounts of 

$10,000 or less and adding to this an amount equal to $10,000 for each 

account with a balance containing more than $10,000. This procedure 

yields an estimate for insured deposits which, in most banks, is somewhat different from the amount of deposits for which the Corporation 

would be responsible, under the law, if the bank should fail.

The Federal Deposit Insurance Act provides insurance protection 

for each depositor to a maximum of $10,000 on deposits maintained by 

him in the same right and capacity, after allowing for any applicable 

offsets. If a depositor maintains several deposits in the same right and 

capacity in the same insured bank, such as a checking account and a 

savings account, these deposits would be combined in determining what 

amount shall be paid to the depositor by the Corporation if the bank

47

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48 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

were closed for liquidation. However, if the depositor maintains deposits 

in different rights or capacities, they are separately insured up to the 

$10,000 maximum in each right or capacity in which the funds are 

maintained. For example, if a county tax collector maintains in a custodial 

capacity deposits owned by several public units, the deposits of each 

public unit would be insured up to $10,000. Banks were not asked either 

to combine or to separate accounts for each of their depositors, nor were 

they asked to consider any possible offsets. However, it is believed that 

there is only a small difference between the amount of insured deposits 

estimated from these reports and the amount for which the Corporation 

would be responsible in the event of failure of an insured bank.

Because the large majority of accounts are of small size it is probable 

that there is little difference between the proportion of accounts with 

balances of $10,000 or less (referred to as “fully protected” ) and the 

proportion of depositors fully insured by the Corporation. However, 

the number of bank accounts as reported in these special calls is substantially larger than the actual number of bank depositors.

A c c o u n t s 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 , S e p t e m b e r 21, 1955

On September 21, 1955, the 13,498 banks insured by the Federal 

Deposit Insurance Corporation reported 130 million deposit accounts 

and total deposits of $203 billion. More than 98 percent of the deposit 

accounts had balances of $10,000 or less and were thus tabulated as 

fully protected by deposit insurance, while the remaining accounts, 

with balances in excess of $10,000, were protected up to the insurance 

maximum. Insured deposits on the survey date totaled $112 billion, 

or slightly over 55 percent of all deposits in insured banks. Table 33 

shows accounts fully protected and deposits insured.

Table 33. A c c o u n t s 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 , Se p t e m b e r 21, 1955

Number or amount Percent of total

Item All

insured

banks

Commercial

banks

Mutual

savings

banks

All

insured

banks

Commercial

banks

Mutual

savings

banks

Number of accounts (in thousands)— total.................................... 129,713 114,568 15,145 100.0% 100.0% 100.0%

Fully protected (balances of

$10,000 or less)..........................

Partially protected (balances

of more than $10,000)..............

127,427

2,286

112,551

2,017

14,876

269

98.2

1.8

98.2

1.8

98.2

1.8

Am ount of deposits (in millions)

— total................................................. $202,787 $181,849 $20,938 100.0% 100.0% 100.0%

Insured.............................................

Uninsured........................................

111,754

91,033

91,463

90,386

20,291

647

55.1

44.9

50.3

49.7

96.9

3.1

Number of banks................................... 13,498 13,278 220

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Extent of deposit insurance. The results of the 1955 survey exhibit 

a characteristic of deposit insurance which has been observed in every 

special call since 1934, namely, that almost all deposit accounts are fully 

protected in all sizes and types of banks, but the proportions of deposits 

insured differ markedly among banks. This is simply a reflection of the 

fact that there are relatively few accounts with very large deposit 

balances, and such accounts are located in the larger banks. The similarities and differences in insurance coverage for banks of various size groups 

are evident from Chart G, which shows that banks in both the smallest 

and largest size groups have more than 98 percent of their accounts 

fully protected, but that the percentage of deposits insured in small banks 

is substantially higher than the percentage of deposits insured in large 

banks.

A C C O U N T S A N D D E P O S IT S , A L L IN S U R E D B A N K S , S E P T E M B E R 21, 1955 49

C h a r t G . P r o p o r t io n of A c c o u n t s F u l l y P r o t e c te d a n d D e p o sit s I n s u r e d ,

A ll I n s u r e d B a n k s , b y Siz e o f B a n k , Se p t e m b e r 21, 1955

The influence of large banks on the data is apparent even when banks 

are grouped other ways than by size. Examination of the detailed statistics 

in Tables 35 and 36 will show, for example, that banks in major cities 

tend to have a smaller proportion of their deposits insured than banks in 

smaller population centers, and that the same is true of banks which are 

members of the Federal Reserve System when compared with those not 

members of the System. Yet no matter how the banks are grouped, the

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50 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

proportion of accounts fully protected remains high. Even in those banks 

with such large accounts that a small percentage of their deposits are 

insured, accounts with balances of $10,000 or less comprise 90 percent 

of all accounts.

Mutual savings banks have a much larger proportion of their deposits 

insured than do commercial banks. Also, there is no significant difference 

among the proportions of deposits insured when mutual savings banks 

are grouped by size. These banks, regardless of size, hold almost entirely 

savings and time accounts, and many of them are not permitted by 

State law to receive deposits in excess of $10,000 from a depositor.

Chart H. 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 te d a n d D e p o sit 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 T y p e o f A c c o u n t , Se p t e m b e r 21, 1955

ACCOUNTS FULLY PROTECTED

____ IT

100 75 SO 25

DEPOSITS INSURED

C

SAVINGS AND TIME* 

DEMAND* 

INTERBANK 

U.S. GOVERNMENT

(S T A T E AND POLITICAL 

SUBDIVISION

UNINVESTED TRUST 

FUNDS

DRAFTS

OTHER ITEMS

75 PE,CElol

100

* PERCENT

"Of INDIVIDUALS. PARTNERSHIPS. AND CORPORATIONS

There is considerable range in the proportions of accounts fully protected and of deposits insured when these data are shown by type of 

account. This is illustrated by Chart H, which shows, for example, that 

less than one-third of the interbank accounts and less than three-fourths 

of the government accounts are fully insured. This compares with account 

coverage of from 95 to 99 percent for other types of accounts. The 

range is even greater for the proportion of deposits insured in the various 

types of accounts. Ninety percent of savings and time deposits are insured but for no other type of account is more than half the deposits 

insured. Indeed, the estimates indicate that less than seven percent of

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Federal Reserve Bank of St. Louis
the deposits in interbank accounts and only five percent of United States 

Government deposits are protected by insurance. However, it should 

be remembered that government deposits are usually protected by 

surety bonds or by pledge of securities, in addition to deposit insurance.

Concentration of risk to the Corporation. The fact that a relatively small number of banks holds a large proportion of all deposits 

means that the risk to the Corporation as an insurer of bank deposits is 

concentrated in certain groups of banks. Such concentrations differ in 

degree and significance. Four distributions of insured deposits shown 

by the recent survey are illustrated in Chart I.

The degree of concentration of insured deposits, when banks are 

grouped by size, is indicated by the fact that more than 45 percent of 

these deposits were in only two percent of the banks. Indeed, the six 

banks falling in the largest size category, which constituted less than 

one-twentieth of 1 percent of all insured banks, held insured deposits 

amounting to about $9 billion; this was more than five times the amount 

in the Corporation’s deposit insurance fund.

Another type of concentration may be observed when the insured 

banks are grouped according to the Federal supervisory authorities to 

which they are accountable. Banks that are members of the Federal 

Reserve System, which are examined by representatives of the Comptroller of the Currency or the Federal Reserve banks, constitute slightly 

less than half of all insured banks. On the report date these banks held 

about two-thirds of the insured deposits. Thus, although the Federal 

Deposit Insurance Corporation regularly examines the majority of 

insured banks, the greater proportion of the deposits it insures is in those 

banks not usually subject to its examination.

The distribution of insured banks and insured deposits by location 

provides additional illustrations of the concentration of insured deposits. 

As would be anticipated from knowledge of the size distribution of banks, 

data secured from the 1955 survey show that insured deposits are concentrated in large cities. Cities with 100,000 population or more serve as 

the headquarters for less than 8 percent of all insured banks, but these 

banks hold well over half of the insured deposits. In fact, $18 billion of 

insured deposits, or about 16 percent of the total, were located in the 

banks in New York City.

The concentration of insured deposits in large cities is reflected in the 

distribution of insured deposits among States. Banks in 16 States in 

the northeast and north central sections of the country held almost 

two-thirds of all insured deposits on the report date, but these banks 

constitute less than half of all insured banks. By way of contrast, insured 

banks in an equal number of States in the south and southwest had less

A C C O U N T S 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 T E M B E R 21, 1955 51

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Federal Reserve Bank of St. Louis
52 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

than a fifth of the insured deposits, though they comprise one-third 

of all insured banks.

C h a r t I . Se l e c t e d P e r c e n t a g e D is t r ib u t io n s o f I n s u r e d D e p o sit s

a n d I n s u r e d B a n k s , Se p t e m b e r 21, 1955

PERCENT OF ALL INSURED DEPOSITS 

70--------------------------------------------------------------

7 0 -----------------------------------------------

CLASS OF BANK

MEMBERS F .R .S. SAVINGS MEMBERS F.R.S.

( j j j j j j j j j j j PERCENT OF ALL INSUREO BANKS

---------------------------------------------------- 70

POPULATION OF CENTER

LE S S THAN 5,000 TO 100.000

5,000 100.000 OR MORE

-------------------------------------70

STATES

SOUTH AND WEST AND NORTHEAST AND 

SOUTHWEST NORTHWEST NORTH CENTRAL 

(16 ST A T E S . 0 . 0 (16 S T A T ES) (16 S T A T ES)

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A C C O U N T S 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 T E M B E R 21, 1955 53

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 which are not regularly 

examined by the Corporation.

Fully protected accounts and insured deposits with higher

maximum insurance limits. From time to time inquiries are made 

about account and deposit protection which would prevail under higher 

coverage limits for each depositor. The reports for September 21, 1955, 

provided an opportunity to secure such information for assumed coverage 

limits of $25,000 and of $100,000. Of course, if either coverage had 

actually been in effect on the report date the distribution of deposits 

might have been different, but there is no evidence that this seriously 

distorts the estimates. Chart J shows the proportion of accounts fully 

protected and of deposits insured under the three coverage limits.

C h a r t J . A c c o u n t s F u l l y P r o t e c te d a n d D e p o sit s I n s u r e d w it h M a x im u m

C o v e r a g e fo r E a c h D e p o sit o r o f $10,000, $25,000, a n d $100,000,

A l l I n s u r e d B a n k s , S e p t e m b e r 21, 1955

ACCOUNTS FULLY PROTECTED DEPOSITS INSURED

PRESENT WITH

COVERAGE COVERAGE

OF $10,000 OF $25,000

PRESENT WITH WITH

COVERAGE COVERAGE COVERAGE

OF $10,000 OF $25,000 OF $100,000

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54 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

Under the insurance limit of $10,000 only about two million of the 

130 million accounts in all insured banks, or 1.8 percent, were not fully 

protected by insurance. Thus higher maximum insurance coverage could 

not have much effect on the proportion of accounts now completely insured. If insurance coverage had been $25,000 for each depositor an 

additional million and a half accounts would have been fully protected, 

raising the proportion of fully protected accounts from the present 98.2 

percent to 99.5 percent. Had the maximum for each depositor been 

$100,000 on the report date, still another half million accounts would 

have been completely covered, leaving only one-tenth of 1 percent of 

all accounts not fully protected by insurance.

A higher maximum coverage for each depositor would have more effect 

on the proportion of deposits insured than on the proportion of accounts 

fully protected. Whereas about 55 percent of total deposits were insured 

on the report date under the present limitation, this proportion would 

have been about 64 percent under $25,000 coverage and 75 percent 

under $100,000 coverage; the total of insured deposits would have been 

$128.8 billion and $152.6 billion respectively.

C h a n g e s i n A c c o u n t s a n d D e p o s it s i n 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 , 1934-1955

The call of September 21, 1955, was the eighth request for special 

reports on deposits from all insured banks. The first such request was 

made as of October 1, 1934, at which time banks combined accounts 

to show the number of depositors and their deposit balances. Subsequent 

requests, beginning in 1936, asked only for the number of accounts and 

the deposits in those accounts. Table 34 summarizes the data secured 

from the eight special calls.

Accounts in insured banks, 1936-1955. The number of bank 

accounts reported as of the most recent special call date was more than 

twice the number reported on the special call of 1936. Fully protected 

accounts, i.e., accounts with balances not exceeding the insurance maximum, have increased by almost the same extent between these two dates, 

so that the percentage of accounts fully protected in 1955 was only 

slightly lower than the comparable percentage in 1936. However, the 

number of fully protected accounts has increased relatively less than 

the number of all accounts during each of the periods between special 

call dates, except from 1949 to 1951. The 1950 statutory increase in 

maximum insurance coverage for each depositor from $5,000 to $10,000 

brought enough additional accounts into the fully protected category 

to bring account protection in 1951 slightly above the 1936 percentage.

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C H A N G E S IN A C C O U N T S A N D D E P O S IT S IN IN S U R E D B A N K S 55

Table 34. A c c o u n t s a n d D e p o sit s in A ll I n s u r e d B a n k s ,

Sp e c ia l C a l l D a t e s , 1934-1955

Number

Number of accounts

(in thousands)

Amount of deposits

(in millions)

Proportion of—

Date of Accounts

fully

protected

banks

Total Fully

protected Total Insured

Deposits

insured

Sept. 21, 1955____

Sept. 19, 1951____

Sept. 20,1949.. . .

Oct. 10, 1945.........

Sept. 24,1941____

Sept. 21, 1938____

May 13, 1936____

Oct. 1, 1934...........

13,498

13,652

13,631

13,481

13,487

13,754

14,148

14,128

129,713

111,608

104,003

92,333

69,495

62,731

58,785

51,246i

127,427

109,938

99,564

88,988

68,165

61,690

57,817

50,423i

$202,787

170,499

152,667

140,603

69,566

49,224

46,168

37,026

$111,754

92,531

74,533

65,859

27,639

22,610

20,456

16,455i

98.2%

98.5

95.7

96.4

98.1

98.3

98.4

98.4i

55.1%

54.3

48.8

46.8

39.7

45.9

44.3

44.41

Note: Maximum insurance coverage for each depositor was $10,000 on the 1951 and 1955 dates;

on previous dates coverage was limited to $5,000 for each depositor.

1 Not strictly comparable with data for later years because accounts belonging to the same depositor

were combined.

The decline in the proportion of accounts fully protected, except when 

coverage for each depositor was changed in 1950, is a consequence of 

deposits increasing faster than the number of accounts. This has resulted 

in the number of accounts larger than the insurance maximum rising 

at a faster rate than the total number of accounts.

The different rates of increase of accounts and deposits are reflected 

in changes in the average size of account, as shown in Chart K. It will 

be observed that during the late 1930’s and the years embracing World 

War II deposits grew so much more rapidly than the number of accounts 

that the average size of account approximately doubled. By 1945 it 

reached $1,500 and has since remained at about that level.

The relative stability in size of account since 1945 has been due to 

offsetting changes in the sizes of the two types of individual, partnership, 

and corporation accounts, which together comprise more than 90 percent 

of all bank accounts. As shown in Chart K, demand accounts of individuals, partnerships, and corporations have declined slightly in average 

size since 1945, whereas the average size of savings and time accounts 

has continued to increase.

Chart K also shows that the number of accounts has grown more rapidly 

than has the population. Whereas there were only 45 bank accounts 

for each one hundred population in 1936 the number has gone up on 

each special call date and on September 21, 1955, was equal to 77 accounts. This growing utilization of banking services is a consequence 

of the economic prosperity which has characterized much of the period 

since 1936, and also is due to successful efforts by banks to make an 

increasing variety of deposit facilities available to the public. In addition, 

it may reflect efforts of depositors to give themselves more insurance 

protection by dividing what would otherwise be single accounts into 

two or more accounts and distributing them among two or more banks.

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Chart K. A c c o u n t s in A l l I n s u r e d B a n k s , Sp e c ia l C a l l D a t e s , 1936-1955

56 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

Deposits in insured banks, 1934-1955. Deposits in insured banks 

on the 1955 special call date were more than five times the amount 

reported for the first special call in 1934. The relative increase in insured 

deposits between the first and most recent call dates has been even 

greater, so that the percentage of deposits insured in 1955 was substantially above that which prevailed at the beginning of deposit insurance. The factor which was most influential in raising the proportion 

of deposits insured to its present level was the statutory increase in 

coverage for each depositor in 1950. The percentage of deposits insured 

rose from about 49 percent to 54 percent between the 1949 and 1951 

special call dates, although data available from the 1951 special call 

revealed that the percentage of deposits insured would have declined 

between 1949 and 1951 had insurance coverage remained at the old 

level. Table 34 shows changes in the amount of insured deposits and in 

the percentage of deposits insured.

During the four years since the 1951 special call there has been a 

slight increase in the proportion of deposits insured. This is explained 

by the fact that demand deposits (of individuals, partnerships, and 

corporations) in accounts of $10,000 or less grew more rapidly than 

those in larger-sized demand accounts, resulting in an increase in the 

proportion of demand deposits insured. This was more than sufficient 

to offset a decline in the proportion of savings and time deposits insured.

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C H A N G E S IN A C C O U N T S A N D D E P O S ITS IN IN S U R E D B A N K S 57

The very considerable growth in deposits, coupled with the decline 

in the number of insured banks since 1934, has resulted in a large shift 

in the distribution of insured banks by size, as measured by the amount 

of their deposits. For example, in 1934 more than 75 percent of the 

banks participating in Federal deposit insurance had less than $1 million 

of deposits; in 1955 only 14 percent were in that size category. Chart L 

illustrates the changes which have occurred in the distribution of insured deposits by size of bank.

C h a r t L. I n s u r e d D e p o s it s, S p e c ia l C a l l D a t e s, 1934-1955

As banks increase in size they tend to hold larger amounts of uninsured balances. Thus another consequence of the change in the size 

distribution of insured banks is seen when banks are grouped by the 

percent of their deposits insured. In 1955, with $10,000 coverage for 

each depositor, there were about 2,700 banks with 90 percent or more 

of their deposits insured, whereas there were more than 5,000 such banks 

in 1936 when the coverage limit was only $5,000 for each depositor.

D e t a i l e d S t a t is t ic s

Data reported by insured banks for the special call provide information 

that is not available elsewhere. For those interested in more detailed 

information than has been presented in the preceding pages, these data 

are presented in tables to follow by type of account; and for all accounts

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Federal Reserve Bank of St. Louis
58 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

with the banks grouped by State, by class, by size, by population of 

center in which located, and by percent of deposits insured.

For detailed statistics on insured deposits and fully protected accounts, 

the reader should consult Tables 35-36 or Tables 51-53. The first set of 

tables contains such information for all insured banks combined. The 

data and banks are grouped in the ways previously described and, in 

addition, there is a special grouping of banks by cities with more than 

500,000 population. The second set of tables (51-53) contains somewhat 

similar information (except for the special groupings of banks by major 

cities) for insured commercial banks and for insured mutual savings 

banks. In addition, Tables 51-53 provide information on accounts which 

would be fully protected and deposits which would be insured under 

maximum coverage of $25,000 and $100,000 for each depositor.

Tables 37-50 contain the basic data from which computations of 

insured deposits and fully protected accounts were made. Each such 

table relates either to insured commercial banks or to insured mutual 

savings banks, and shows, for various groupings of banks, the distribution of accounts or deposits as reported on the survey date.

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Federal Reserve Bank of St. Louis
IN S T R U C T IO N S F O R P R E P A R A T IO N O F S U M M A R Y O F D E P O S ITS 59

INSTRUCTIONS FOR PREPARATION OF SUMMARY OF DEPOSITS, 

FORM 89—CALL NO. 7 

AT THE CLOSE OF BUSINESS ON SEPTEMBER 21, 1955

G e n e r a l I n s t r u c t io n s

Each bank operating a branch or branches is requested to submit only one 

report, a consolidated report for the bank as a whole including deposits of all domestic 

branches and of those branches in Puerto Rico, the deposits of which are accorded 

insurance coverage. 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 c c o u n t s a n d A m o u n t of D e p o sit s

All deposit liabilities of the bank—with certain exceptions noted for items 7 and 

8 below—should be included at items 1 through 8 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. For the purpose of this report include commercial, checking, 

savings, time, thrift accounts, certificates of deposit, officers’ or cashiers’ checks, 

travelers’ checks, certified checks, outstanding drafts, letters of credit, and trust 

funds held in the trust department or on deposit in any other department of the 

bank or redeposited in other banks.

The deposit classifications correspond with the usual ledger and condition report 

items, with the exception of:

Item 6, “ Trust funds,” which is found only in banks having trust powers and 

which is computed from the 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, and trust department checks outstanding. Do not deduct overdrafts, if any, unless such overdrafts may legally 

be offset by a cash balance in a related trust department account. Each trust 

department account reflecting trust funds (principal and/or income cash, including cash deposited in savings and checking accounts), as shown in the records 

of the trust department, should be reported as a separate account;

Item 7, “ Outstanding bank drafts,” which is to be determined by the bank 

as of September 21, 1955. 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 8, “ All other deposits,” which will include letters of credit issued for 

cash; bank money orders; certified and travelers’ checks outstanding; officers’ 

checks outstanding other than those issued for purposes of the bank’s own transactions; 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
60 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

Report in the column “Amount of deposits” the bank’s deposit liabilities, by type 

of deposit and size of account. Show in the column “ Number of accounts” the number 

of accounts corresponding to these deposits. The entire amount of an account should 

be included under the appropriate subitem. For example, the entire $17,493.65 of 

an account of $17,493.65 should be placed in subitem (g) headed “ $10,000.01 to 

$25,000.00.” Do not enter $10,000.00 in subitem (f) headed “ $10,000.00 or less” 

and $7,493.65 in subitem (g) headed “$10,000.01 to $25,000.00.” Only those accounts the entire balance of which does not exceed $10,000.00 should be included in 

subitem (f) headed “ $10,000.00 or less.”

For the purposes of this report, kindly note that:

Accounts should not be combined. Each 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.

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Federal Reserve Bank of St. Louis
IN S T R U C T IO N S F O R P R E P A R A T IO N O F S U M M A R Y O F D E P O S ITS 61

FDIC Form 89— Call No. 7 O RIGIN AL— Return this copy to

Federal Deposit Insurance Corporation

Please read carefully the accompanying “ Instructions for the Preparation o f Summary o f Deposits, F ora 89— Call No. 7”

for an explanation of bank deposits for the purpose of this report.

Include at items 1 through 8 of this report all deposit liabilities of the bank even though some o f 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 O N SEPTEMBER 21, 1*55.

(City) (P. 0 . Zone No.) (State)

FDIC Certificate No.____________________

TYPE OF DEPOSIT SIZE OF ACCOUNT NUMBER OF ACCOUNTS AMOUNT OF DEPOSITS

1. Demand deposits of individuals, partnerships, and 

corporations (exclude trust funds of own trust 

department)

$10,000.00 or less .........

DOLLARS CTS.

n f

$10,000.01 to $25,000.00.. 

$25,000.01 to $100,000.00- 

$100,000.01 or more..........

h g .....................

c ................................. h

d i

e j

2. Savings and time deposits of individuals, partnerships, and corporations (exclude trust funds of own 

trust department)

$10,000.00 or less a............... f

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00., 

$100,000.01 or more.........

h

b

d i

Total.......................... ...... e j

3. Deposits of TJ. S. Government (indude postal 

savings)

$10,000,00 or less, . f

$10,000.01 to $25,000.00.... 

$25,000.01 to $100,000.00- 

$100,000.01 or more..........

h

c ........ ................................ h

d i

Total.................................. e j

4. Deposits of States and political subdivisions

$10,000.00 or loss ........... a f

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00.. 

$100,000.01 or more_____

b , , ,

h

d i

Total.................................. e j

5. Deposits of domestic and foreign banks (include 

amounts “ due to other banks” without deduction 

of any amounts “ due from other banks”—exdude 

amounts due to own branches or head office)

$10,000.00 or less a f

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00- 

$100,000.01 or more..... ..

h z

o.____ ____ __ _ h

d i

Total............................ — e j

6. Trust funds as recorded in own trust department 

(i.e., all trust funds held in cash in the trust de> 

partment, deposited in own banking department, 

or deposited in other banks)

$10,000.00 or less._______

a t

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00.. 

$100,000.01 or more..........

h g „ ___

h

d i

Total........................... ...... e j

7. Outstanding bank drafts

$10,000.00 or less. ........... a .............................. f

$10,000.01 to $25,000.00.... 

$25,000.01 to $100,000.00.. 

$100,000.01 or more.........

h .............................

z

h

d i

e i

8. All other deposits

$intftnn no «r n,............ ... f

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00.. 

$100,000.01 or more— .....

h

h

d i

Total................................. e i

9. Total deposits (total of items 1 through 8)

$10,000.00 or less._______ f

$10,000.01 to $25,000.00— 

$25,000.01 to $100,000.00.. 

$100,000.01 or more.........

h

i

--------- _

d

Total................................ e j

The above statement is correct to the best of my knowledge and belief.

(Name and title of officer) 

(Signature of above officer)

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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 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

Table 35. A c c o u n t s F u l l y a n d P a r t ia l l y P ro t ec te d a n d D e p o sit s I n s u r e d , Se p t e m b e r 21, 1955

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Number

of

banks

Number of accounts Percent of

accounts Deposits (in thousands) Percent of

total deposits

Total Fully

protected1

Partially

protected2

Fully

protected

Partially

protected Total Total

insured

Insured

In fully

protected

accounts

In partially

protected

accounts

Uninsured

in partially

protected

accounts

Insured Not

insured

Total United States. . . 13,498 129,713,038 127,427,379 2,285,659 98.2% 1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158 55.1% 44.9%

Continental U. S .. . . 13,476 129,308,717 127,027,264 2,281,453 98.2 1.8 202,395,427 111,534,451 88,719,921 22,814,530 90,860,976 55.1 44.9

Other areas................... 22 404,321 400,115 4,206 99.0 1.0 391,468 220,286 178,226 42,060 171,182 56.3 43.7

FDIC District

District 1 .................... 485 6,715,508 6,610,695 104,813 98.4 1.6 9,347,380 4,944,949 3,896,819 1,048,130 4,402,431 52.9 47.1

District 2 .................... 997 27,870,287 27,298,283 572,004 97.9 2.1 58,539,299 31,355,400 25,635,360 5,720,040 27,183,899 53.6 46.4

District 3 .................... 1,451 16,560,448 16,294,178 266,270 98.4 1.6 23,474,592 13,389,874 10,727,174 2,662,700 10,084,718 57.0 43.0

District 4 .................... 1,032 9,018,193 8,897,700 120,493 98.7 1.3 10,563,808 6,055,186 4,850,256 1,204,930 4,508,622 57.3 42.7

District 5 .................... 1,008 5,920,887 5,821,763 99,124 98.3 1.7 7,751,722 4,364,880 3,373,640 991,240 3,386,842 56.3 43.7

District 6 .................... 1,456 7,254,895 7,135,364 119,531 98.4 1.6 10,305,655 5,565,702 4,370,392 1,195,310 4,739,953 54.0 46.0

District 7 .................... 1,438 11,224,631 11,052,193 172,438 98.5 1.5 15,171,515 9,264,667 7,540,287 1,724,380 5,906,848 61.1 38.9

District 8 ..................... 1,526 9,415,914 9,214,790 201,124 97.9 2.1 17,349,769 8,847,966 6,836,726 2,011,240 8,501,803 51.0 49.0

District 9 .............. .. 1,100 3,861,903 3,799,698 62,205 98.4 1.6 5,429,420 3,550,121 2,928,071 622,050 1,879,299 65.4 34.6

District 10.................. 1,464 4,840,495 4,747,323 93,172 98.1 1.9 7,369,967 4,135,873 3,204,153 931,720 3,234,094 56.1 43.9

District 11.................. 1,131 7,676,684 7,525,466 151,218 98.0 2.0 12,581,596 6,045,340 4,533,160 1,512,180 6,536,256 48.0 52.0

District 12.................. 410 19,353,193 19,029,926 323,267 98.3 1.7 24,902,172 14,234,779 11,002,109 3,232,670 10,667,393 57.2 42.8

State

Alabama...................... 238 1,395,869 1,376,414 19,455 98.6 1.4 1,573,648 919,550 725,000 194,550 654,098 58.4 41.6

Arizona........................ 10 510,446 500,809 9,637 98.1 1.9 703,751 415,981 319,611 96,370 287,770 59.1 40.9

Arkansas...................... 228 799,148 786,440 12,708 98.4 1.6 931,759 598,886 471,806 127,080 332,873 64.3 35.7

California.................... 144 14,842,251 14,600,109 242,142 98.4 1.6 18,648,234 10,308,578 7,887,158 2,421,420 8,339,656 55.3 44.7

Colorado...................... 154 981,785 960,919 20,866 97.9 2.1 1,611,677 888,165 679,505 208,660 723,512 55.1 44.9

Connecticut................ 94 1,560,028 1,534,319 25,709 98.4 1.6 2,176,464 1,227,181 970,091 257,090 949,283 56.4 43.6

Delaware..................... 31 341,499 334,724 6,775 98.0 2.0 586,197 280,301 212,551 67,750 305,896 47.8 52.2

District of Columbia. 17 715,407 701,008 14,399 98.0 2.0 1,356,583 617,976 473,986 143,990 738,607 45.6 54.4

Florida......................... 229 1,895,602 1,854,701 40,901 97.8 2.2 3,006,933 1,672,852 1,263,842 409,010 1,334,081 55.6 44.4

Georgia........................ 348 1,745,442 1,719,200 26,242 98.5 1.5 2,251,014 1,168,102 905,682 262,420 1,082,912 51.9 48.1

Idaho............................ 36 385,549 377,443 8,106 97.9 2.1 526,833 365,876 284,816 81,060 160,957 69.4 30.6

Illinois.......................... 908 7,413,248 7,244,856 168,392 97.7 2.3 14,758,045 7,086,680 5,402,760 1,683,920 7,671,365 48.0 52.0

Indiana........................ 470 2,992,533 2,945,400 47,133 98.4 1.6 4,019,751 2,464,460 1,993,130 471,330 1,555,291 61.3 38.7

Iowa. ........................... 618 2,002,666 1,969,934 32,732 98.4 1.6 2,591,724 1,761,286 1,433,966 327,320 830,438 68.0 32.0

Kansas......................... 501 1,349,015 1,324,319 24,696 98.2 1.8 1,888,074 1,149,042 902,082 246,960 739,032 60.9 39.1

FEDERAL DEPOSIT INSURANCE CORPORATION

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Kentucky.................... 352 1,466,332 1,445,345 20,987 98.6 1.4

Louisiana.................... 174 1,655,750 1,629,171 26,579 98.4 1.6

Maine........................... 62 692,901 685,753 7,148 99.0 1.0

Maryland.................... 158 2,085,606 2,057,081 28,525 98.6 1.4

Massachusetts........... 171 2,595,349 2,545,917 49,432 98.1 1.9

Michigan..................... 418 5,401,735 5,317,607 84,128 98.4 1.6

Minnesota................... 668 2,568,218 2,531,654 36,564 98.6 1.4

Mississippi.................. 193 883,974 871,448 12,526 98.6 1.4

Missouri...................... 585 3,110,054 3,053,709 56,345 98.2 1.8

Montana..................... 112 428,801 418,437 10,364 97.6 2.4

Nebraska..................... 380 938,124 919,075 19,049 98.0 2.0

Nevada........................ 8 197,134 192,813 4,321 97.8 2.2

New Hampshire. . . . 75 476,133 468,662 7,471 98.4 1.6

New Jersey................. 318 5,860,656 5,781,581 79,075 98.6 1.4

New Mexico............... 52 359,369 353,097 6,272 98.3 1.7

New York................... 639 21,397,664 20,913,663 484,001 97.7 2.3

North Carolina.......... 219 1,796,390 1,771,625 24,765 98.6 1.4

N orth Dakota............ 149 398,460 391,323 7,137 98.2 1.8

Ohio.............................. 625 6,916,357 6,806,442 109,915 98.4 1.6

Oklahoma................... 376 1,361,535 1,337,991 23,544 98.3 1.7

Oregon......................... 49 1,224,663 1,199,950 24,713 98.0 2.0

Pennsylvania.............. 826 9,644,091 9,487,736 156,355 98.4 1.6

Rhode Island............. 13 902,645 892,268 10,377 98.9 1.1

South Carolina.......... 142 785,878 774,937 10,941 98.6 1.4

South Dakota............ 171 466,424 458,284 8,140 98.3 1.7

Tennessee.................... 291 1,879,361 1,849,870 29,491 98.4 1.6

Texas............................ 895 5,151,119 5,042,389 108,730 97.9 2.1

Utah............................. 54 551,410 543,054 8,356 98.5 1.5

Vermont...................... 70 488,452 483,776 4,676 99.0 1.0

Virginia....................... 318 2,503,443 2,473,840 29,603 98.8 1.2

Washington................ 106 2,018,333 1,984,757 33,576 98.3 1.7

West Virginia............ 178 1,131,469 1,119,209 12,260 98.9 1.1

Wisconsin.................... 550 2,830,363 2,789,186 41,177 98.5 1.5

Wyoming.................... 53 210,036 205,019 5,017 97.6 2.4

1 Accounts with balances of $10,000 or less.

2 Accounts with balances of more than $10,000.

1,725,908 1,077,703 867,833 209,870 648,205 62.4 37.6

2,389,408 1,089,013 823,223 265,790 1,300,395 45.6 54.4

585,030 418,355 346,875 71,480 166,675 71.5 28.5

2,421,569 1,494,922 1,209,672 285,250 926,647 61.7 38.3

4,680,475 1,934,372 1,440,052 494,320 2,746,103 41.3 58.7

7,454,166 4,396,557 3,555,277 841,280 3,057,609 59.0 41.0

3,624,453 2,231,754 1,866,114 365,640 1,392,699 61.6 38.4

920,127 604,376 479,116 125,260 315,751 65.7 34.3

5,217,740 2,564,184 2,000,734 563,450 2,653,556 49.1 50.9

677,152 443,597 339,957 103,640 233,555 65.5 34.5

1,459,409 884,838 694,348 190,490 574,571 60.6 39.4

300,638 173,230 130,020 43,210 127,408 57.6 42.4

515,983 392,426 317,716 74,710 123,557 76.1 23.9

6,705,185 4,735,593 3,944,843 790,750 1,969,592 70.6 29.4

492,106 275,328 212,608 62,720 216,778 55.9 44.1

51,036,166 26,221,184 21,381,174 4,840,010 24,814,982 51.4 48.6

2,282,941 1,159,230 911,580 247,650 1,123,711 50.8 49.2

528,118 421,051 349,681 71,370 107,067 79.7 20.3

9,836,418 5,480,482 4,381,332 1,099,150 4,355,936 55.7 44.3

2,092,682 1,013,795 778,355 235,440 1,078,887 48.4 51.6

1,821,514 1,172,656 925,526 247,130 648,858 64.4 35.6

13,638,174 7,909,392 6,345,842 1,563,550 5,728,782 58.0 42.0

972,421 618,609 514,839 103,770 353,812 63.6 36.4

865,996 505,972 396,562 109,410 360,024 58.4 41.6

599,697 453,719 372,319 81,400 145,978 75.7 24.3

2,430,248 1,324,929 1,030,019 294,910 1,105,319 54.5 45.5

8,996,331 4,265,018 3,177,718 1,087,300 4,731,313 47.4 52.6

769,351 420,805 337,245 83,560 348,546 54.7 45.3

417,007 354,006 307,246 46,760 63,001 84.9 15.1

2,569,002 1,583,642 1,287,612 296,030 985,360 61.6 38.4

2,655,885 1,691,670 1,355,910 335,760 964,215 63.7 36.3

1,067,717 693,444 570,844 122,600 374,273 64.9 35.1

3,697,598 2,403,650 1,991,880 411,770 1,293,948 65.0 35.0

318,125 200,033 149,863 50,170 118,092 62.9 37.1

O

COACCOUNTS AND DEPOSITS OF ALL INSURED BAN K S

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Table 36. A c c o u n t s F u l l y a n d P a r t ia l l y P r o t ec te d a n d D e p o sit s I n s u r e d , A ll I n s u r e d B a n k s , Se p t e m b e r 21, 1955

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 Partially

protected

Insured Uninsured

banks Total Fully

protected1

Partially

protected2

Fully

protected Total Total

insured

In fully

protected

accounts

In partially

protected

accounts

in partially

protected

accounts

Insured Not

insured

All insured banks....................... 13,498 129,713,038 127,427,379 2,285,659 98.2% 1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158 55.1% 44.9%

Banks with deposits of—

Less than $250,000........................ 25 8,900 8,861 39 99.6 .4 4,678 4,296 3,906 390 382 91.8 8.2

$250,000 to $500,000.................... 314 196,260 195,003 1,257 99.4 .6 124,579 112,761 100,191 12,570 11,818 90.5 9.5

$500,000 to $1,000,000................ 1,490 1,468,735 1,455,817 12,918 99.1 .9 1,148,624 1,009,435 880,255 129,180 139,189 87.9 12.1

$1,000,000 to $2,000,000............. 2,944 4,859,354 4,804,971 54,383 98.9 1.1 4,323,163 3,637,019 3,093,189 543,830 686,144 84.1 15.9

$2,000,000 to $5,000,000............. 4,342 14,583,904 14,397,121 186,783 98.7 1.3 13,994,529 11,141,550 9,273,720 1,867,830 2,852,979 79.6 20.4

$5,000,000 to $10,000,000........... 2,099 14,504,595 14,307,652 196,943 98.6 1.4 14,764,901 10,901,505 8,932,075 1,969,430 3,863,396 73.8 26.2

$10,000,000 to $25,000,000......... 1,338 18,447,653 18,182,439 265,214 98.6 1.4 20,395,957 13,980,844 11,328,704 2,652,140 6,415,113 68.5 31.5

$25,000,000 to $50,000,000......... 444 11,526,496 11,329,501 196,995 98.3 1.7 15,259,025 9,614,907 7,644,957 1,969,950 5,644,118 63.0 37.0

$50,000,000 to $100,000,000___ 222 10,236,590 10,048,944 187,646 98.2 1.8 15,584,569 8,987,605 7,111,145 1,876,460 6,596,964 57.7 42.3

$100,000,000 to $250,000,000. .. 163 14,661,302 14,377,865 283,437 98.1 1.9 25,651,254 13,911,979 11,077,609 2,834,370 11,739,275 54.2 45.8

$250,000,000 to $500,000,000. .. 70 11,994,792 11,724,725 270,067 97.7 2.3 24,703,972 12,988,251 10,287,581 2,700,670 11,715,721 52.6 47.4

$500,000,000 to $1,000,000,000. . 29 8,142,074 7,924,243 217,831 97.3 2.7 19,798,359 9,764,532 7,586,222 2,178,310 10,033,827 49.3 50.7

$1,000,000,000 to $2,500,000,000 12 5,910,245 5,737,369 172,876 97.1 2.9 20,157,866 6,621,442 4,892,682 1,728,760 13,536,424 32.8 67.2

$2,500,000,000 or more................ 6 13,172,138 12,932,868 239,270 98.2 1.8 26,875,419 9,078,611 6,685,911 2,392,700 17,796,808 33.8 66.2

Banks in centers with population in 1950 of—

Less than 250.................................. 540 598,519 590,828 7,691 98.7 1.3 671,068 499,149 422,239 76,910 171,919 74.4 25.6

250 to 500........................................ 1,245 1,586,095 1,567,879 18,216 98.9 1.1 1,478,747 1,270,122 1,087,962 182,160 208,625 85.9 14.1

500 to 1,000..................................... 2,101 3,623,013 3,578,505 44,508 98.8 1.2 3,453,680 2,898,193 2,453,113 445,080 555,487 83.9 16.1

1,000 to 2,500................................. 2,952 8,128,618 8,023,405 105,213 98.7 1.3 7,945,092 6,450,773 5,398,643 1,052,130 1,494,319 81.2 18.8

2,500 to 5,000................................. 1,732 7,214,038 7,115,220 98,818 98.6 1.4 7,330,076 5,591,968 4,603,788 988,180 1,738,108 76.3 23.7

5,000 to 10,000............................... 1,579 9,604,872 9,473,920 130,952 98.6 1.4 9,923,701 7,284,739 5,975,219 1,309,520 2,638,962 73.4 26.6

10,000 to 25,000............................. 1,285 12,858,483 12,672,373 186,110 98.6 1.4 14,150,383 9,729,738 7,868,638 1,861,100 4,420,645 68.8 31.2

25,000 to 50,000............................. 630 10,170,413 10,015,823 154,590 98.5 1.5 11,985,066 7,880,298 6,334,398 1,545,900 4,104,768 65.8 34.2

50,000 to 100,000........................... 409 9,149,837 9,006,093 143,744 98.4 1.6 11,735,541 6,970,365 5,532,925 1,437,440 4,765,176 59.4 40.6

100,000 to 250,000......................... 375 12,128,543 11,920,457 208,086 98.3 1.7 18,424,248 9,481,480 7,400,620 2,080,860 8,942,768 51.5 48.5

250,000 to 500,000......................... 230 10,183,909 9,981,197 202,712 98.0 2.0 18,365,633 8,939,067 6,911,947 2,027,120 9,426,566 48.7 51.3

500,000 to 1,000,000..................... 203 21,945,992 21,553,606 392,386 98.2 1.8 34,692,345 16,742,313 12,818,453 3,923,860 17,950,032 48.3 51.7

1,000,000 to 2,500,000................. 45 6,462,619 6,319,611 143,008 97.8 2.2 12,520,197 6,005,953 4,575,873 1,430,080 6,514,244 48.0 52.0

2,500,000 or more.......................... 172 16,058,087 15,608,462 449,625 97.2 2.8 50,111,118 22,010,579 17,514,329 4,496,250 28,100,539 43.9 56.1

Banks in cities with 'population

of 500,000 or more............. U20 UA66,698 48,W , 679 985,019

351,588

97.8 2.2 97,823,657 U ,758,8U SA,908,65b 9,850,190 52,56k, 818 U6.0 5U.0

New York................................ 99 12,824,640 12,473,052 97.3 2.7 40,441,834 18,442,428 14,926,548 3,515,880 21,999,406 45.6 54.4

Chicago.................................... 73 3,233,447 3,135,410 98,037 97.0 3.0 9,669,282 3,568,151 2,587,781 980,370 6,101,131 36.9 63.1

Philadelphia............................ 22 2,548,340 2,492,027 56,313 97.8 2.2 4,912,313 2,396,354 1,833,224 563,130 2,515,959 48.8 51.2

Los Angeles............................. 15 2,057,120 2,008,992 48,128 97.7 2.3 3,880,422 1,814,486 1,333,206 481,280 2,065,936 46.8 53.2

Detroit...................................... 8 1,857,159 1,818,592

1,085,934

38,567 97.9 2.1 3,727,461 1,795,113 1,409,443 385,670 1,932,348 48.2 51.8

Baltimore................................. 16 1,103,370 17,436 98.4 1.6 1,517,504 843,637 669,277 174,360 673,867 55.6 44.4

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—

100 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........................

U. S. Government accounts. . . .

State and political subdivision

accounts........................................

Uninvested trust funds.................

Drafts................................................

Other items......................................

1,698,759 1,663,806 34,953 97.9

958,607 937,617 20,990 97.8

715,407 701,008 14,399 98.0

564,644 541,449 23,195 95.9

11,385,827 11,219,140 166,687 98.5

1,248,428 1,219,062 29,366 97.6

533,024 520,930 12,094 97.7

534,376 518,285 16,091 97.0

1,364,138 1,340,016 24,122 98.2

605,524 596,484 9,040 98.5

689,137 676,871 12,266 98.2

544,751 533,004 11,747 97.8

61,940,128 60,827,461 1,112,667 98.2

26,348,674 25,781,306 567,368 97.8

26,279,289 25,942,507 336,782 98.7

15,144,947 14,876,105 268,842 98.2

12,960 12,960 100.0

19,863,225 19,560,242 302,983 98.5

18,216,604 18,004,048 212,556 98.8

22,865,564 22,552,561 313,003 98.6

20,047,542 19,724,399 323,143 98.4

24,212,684 23,833,873 378,811 98.4

8,709,893 8,523,226 186,667 97.9

8,885,418 8,638,783 246,635 97.2

4,909,404 4,705,635 203,769 95.8

1,885,151 1,780,425 104,726 94.4

104,593 91,227 13,366 87.2

52,211,707 50,982,477 1,229,230 97.6

67,245,952 66,458,476 787,476 98.8

123,575 36,827 86,748 29.8

51,368 38,443 12,925 74.8

289,181 204,071 85,110 70.6

1,009,159 967,321 41,838 95.9

863,720 845,020 18,700 97.8

7,918,376 7,894,744 23,632 99.7

9

27

17

9

13

21

19

30

9

6

21

6

4,725

1,856

6,697

220

20

2,735

4,581

3,468

1,587

638

246

140

59

22

2

1 Accounts with balances of $10,000 or less.

2 Accounts with balances of more than $10,000.

2.1 3,063,046 1,556,346 1,206,816 349,530 1,506,700 50.8

2.2 2,128,981 841,899 631,999 209,900 1,287,082 39.5

2.0 1,356,583 617,976 473,986 143,990 738,607 45.6

4.1 2,536,103 641,255 409,305 231,950 1,894,848 25.3

1.5 12,921,015 7,217,080 5,550,210 1,663,870 5,703,935 55.9

2.4 2,918,030 1,208,094 914,434 293,660 1,709,936 41.4

2.3 1,213,829 532,389 411,449 120,940 681,440 43.9

3.0 1,707,346 533,352 372,442 160,910 1,173,994 31.2

1.8 1,938,726 1,365,724 1,124,504 241,220 573,002 70.4

1.5 999,569 314,465 224,065 90,400 685,104 31.5

1.8 1,285,584 628,994 506,334 122,660 656,590 48.9

2.2 1,106,029 441,101 323,631 117,470 664,928 39.9

1.8 99,642,699 49,047,425 37,920,755 11,126,670 50,595,274 49.2

2.2 55,839,420 23,012,728 17,339,048 5,673,680 32,826,692 41.2

1.3 26,367,359 19,403,497 16,035,677 3,367,820 6,963,862 73.6

1.8 20,937,417 20,291,087 17,602,667 2,688,420 646,330 96.9

6,537 6,537 6,537 100.0

1.5 24,547,746 23,677,008 20,647,178 3,029,830 870,738 96.5

1.2 16,481,639 13,829,775 11,704,215 2,125,560 2,651,864 83.9

1.4 23,433,738 17,428,304 14,298,274 3,130,030 6,005,434 74.4

1.6 24,371,695 15,727,319 12,495,889 3,231,430 8,644,376 64.5

1.6 30,538,115 17,038,252 13,250,142 3,788,110 13,499,863 55.8

2.1 16,037,506 7,024,792 5,158,122 1,866,670 9,012,714 43.8

2.8 24,445,028 8,532,540 6,066,190 2,466,350 15,912,488 34.9

4.2 24,728,198 5,813,877 3,776,187 2,037,690 18,914,321 23.5

5.6 15,177,998 2,466,778 1,419,518 1,047,260 12,711,220 16.3

12.8 3,018,695 209,555 75,895 133,660 2,809,140 6.9

2.4 100,165,958 47,185,610 34,893,310 12,292,300 52,980,348 47.1

1.2 64,845,965 59,018,811 51,144,051 7,874,760 5,827,154 91.0

70.2 15,167,039 1,013,001 145,521 867,480 14,154,038 6.7

25.2 3,782,460 201,298 72,048 129,250 3,581,162 5.3

29.4 11,463,645 1,337,290 486,190 851,100 10,126,355 11.7

4.1 3,144,773 1,158,703 740,323 418,380 1,986,070 36.8

2.2 1,355,045 523,729 336,729 187,000 831,316 38.7

.3 2,862,010 1,316,295 1,079,975 236,320 1,545,715 46.0

49.2

60.5

54.4

74.7

44.1

58.6

56.1

68.8

29.6

68.5

51.1

60.1

50.8

58.8

26.4

3.1

3.5

16.1

25.6

35.5

44.2

56.2

65.1

76.5

83.7

93.1

52.9

9.0

93.3

94.7

88.3

63.2

61.3

54.0

O

CnACCOUNTS AND DEPOSITS OF ALL INSURED BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
05

o

D e t a i l e d T a b l e s : D i s t r i b u t i o n o f A c c o u n t s o f I n s u r e d C o m m e r c ia l B a n k s A c c o r d i n g t o S iz e o f A c c o u n t

T a b le 3 7 . D is t r ib u t io n o f A c c o u n ts A c c o rd in g to Size, In su r e d C o m m erc ia l B a n k s, S ep tem b er 21, 1955

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 $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

t.0

$100,000

More

than

$100,000

Total United States.................................... 13,278 114,568,091 112,551,274 1,334,096 513,690 169,031 98.2% 1.2% .5% .1%

Continental U. S...................................... 13,256

22

114,163,770 112,151,159 1,331,264 512,616 168,731 98.2 1.2 .5 .1

Other areas................................................ 404,321 400,115 2,832 1,074 300 98.9 .7 .3 .1

FDIC District

District 1 .................................................. 447 6,028,065 5,932,421 59,358 27,278 9,008 98.4 1.0 .5 .1

District 2 .................................................. 844 16,334,351 15,977,475 211,688 101,511 43,677 97.8 1.3 .6 .3

District 3 .................................................. 1,441 14,702,089 14,465,974 157,579 59,037 19,499 98.4 1.1 .4 .1

District 4 .................................................. 1,025 8,496,825 8,382,886 74,188 30,222 9,529 98.7 .9 .3 .1

District 5 .................................................. 1,008 5,920,887 5,821,763 65,282 26,351 7,491 98.3 1.1 .5 .1

District 6 . ....................................... 1,456 7,254,895 7,135,364 77,386 31,928 10,217 98.4 1.1 .4 .1

District 7 .................................................. 1,432 11,161,169 10,989,442 120,249 39,998 11,480 98.5 1.1 .3 .1

District 8 .............................................. 1,526 9,415,914 9,214,790 136,702 48,375 16,047 97.9 1.4 .5 .2

District 9 ................................................ 1,099 3,650,486 3,589,888 42,364 14,278 3,956 98.3 1.2 .4 .1

District 10 .............................................. 1,464 4,840,495 4,747,323 63,747 22,932

42,028

6,493 98.1 1.3 .5 .1

1,131 7,676,684 7,525,466

18,768,482

95,939 13,251 98.0 1.3 .5 .2

405 19,086,231 229,614 69,752 18,383 98.3 1.2 .4 .1

State

238 1,395,869 1,376,414 12,877 5,123 1,455 98.6 .9 .4 .1

10 510,446 500,809 6,880

8,504

2,244 513 98.1 1.4 .4 .1

Arkansas .................................... 228 799,148 786,440 3,445 759 98.4 1.1 .4 .1

144 14,842,251 14,600,109 175,934 52,342 13,866 98.4 1.2 .3 .1

154 981,785 960,919 14,412 5,000 1,454 97.9 1.5 .5 .1

Connecticut.............................................. 89 1,481,650 1,457,727 16,072 6,040 1,811 98.4 1.1 .4 .1

30 321,514 315,183 3,999 1,787

4,136

545 98.0 1.2 .6 .2

District of Columbia.............. .............. 17 715,407 701,008 8,926 1,337

2,810

98.0 1.2 .6 .2

229 1,895,602 1,854,701 27,596 10,495 97.8 1.5 .6 .1

348 1,745,442 1,719,200 16,199 7,551 2,492 ! 98.5 .9 .4 .2

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho.......................................................... 36 385,549 377,443 6,096 1,716 294 97.9 1.6 •4 .1 Illinois........................................................ 908 7,413,248 7,244,856 113,033 41,047 14,312 97.7 1.5 .6 .2 Indiana...................................................... 467 2,961,709 2,915,061 32,258 11,170 3,220 98.4 1.1 .4 .1

Iowa........................................................... 618 2,002,666 1,969,934 23,669 7,328 1,735 98.3 1.2 .4 .1

Kansas....................................................... 501 1,349,015 1,324,319 17,147 5,970 1,579 98.2 1.3 .4 .1

Kentucky.................................................. 352 1,466,332 1,445,345 14,233 5,356 1,398 98.5 1.0 .4 .1

Louisiana.................................................. 174 1,655,750 1,629,171 16,645 7,387 2,547 98.4 1.0 .4 Maine......................................................... 53 627,140 620,619 4,520 1,623 378 99.0 .7 .2 .1 Maryland.................................................. 151 1,564,238 1,542,267 14,444 5,647 1,880 98.6 .9 .4 .1 Massachusetts.......................................... 171 2,595,349 2,545,917 27,952 15,729 5,751 98.1 1.1 .6

Michigan................................................... 418 5,401,735 5,317,607 58,899 19,614 5,615 98.4 1.1 .4 .1 Minnesota................................................. 667 2,356,801 2,321,844 22,999 8,954 3,004 98.5 1.0 .4 .1 Mississippi................................................ 193 883,974 871,448 8,610 3,182 734 98.5 1.0 .4 .1 Missouri.................................................... 585 3,110,054 3,053,709 35,307 15,434 5,604 98.2 1.1 .5 Montana.................................................... 112 428,801 418,437 7,605 2,297 462 97.6 1.8 .5 '.1

Nebraska................................................... 380 938,124 919,075 13,170 4,523 1,356 98.0 1.4 .5 .1 Nevada...................................................... 8 197,134 192,813 2,961 1,108 252 97.8 1.5 .6 .1

New Hampshire...................................... 63 271,745 267,895 2,634 977 239 98.6 1.0 .3 .1

New Jersey............................................... 295 5,019,825 4,954,842 45,934 15,171 3,878 98.7 .9 .3 .1

New Mexico............................................. 52 359,369 353,097 4,197 1,670 405 98.2 1.2 .5 .1

New York................................................. 510 10,722,544 10,439,135 160,364 83,971 39,074 97.3 1.5 .8 North Carolina........................................ 219 1,796,390 1,771,625 15,086 7,160 2,519 98.6 .8 .4 North Dakota.......................................... 149 398,460 391,323 5,580 1,365 192 98.2 1.4 .4 0) Ohio............................................................ 622 6,515,419 6,411,386 69,660 25,675 8,698 98.4 1.1 .4 .1 Oklahoma.................................................. 376 1,361,535 1,337,991 15,460 6,199 1,885 98.3 1.1 .5 .1

Oregon....................................................... 48 1,209,618 1,185,416 17,464 5,461 1,277 98.0 1.4 .5 .1 Pennsylvania............................................ 819 8,186,670 8,054,588 87,919 33,362 10,801 98.4 1.1 .4 .1 Rhode Island........................................... 8 674,382 665,936 5,488 2,250 708 98.8 .8 .3 .1

South Carolina........................................ 142 785,878 774,937 7,168 3,005 768 98.6 .9 .4 .1 South Dakota.......................................... 171 466,424 458,284 6,180 1,662 298 98.2 1.3 .4 .1

Tennessee.................................................. 291 1,879,361 1,849,870 19,342 7,693 2,456 98.5 1.0 .4 .1 Texas.......................................................... 895 5,151,119 5,042,389 68,217 30,727 9,786 97.9 1.3 .6 Utah........................................................... 54 551,410 543,054 5,785 1,917 654 98.5 1.1 .3 !i Vermont.................................................... 63 377,799 374,327 2,692 659 121 99.1 .7 .2 (i)

Virginia...................................................... 318 2,503,443 2,473,840 20,310 7,113 2,180 98.8 .8 .3 .i

Washington.............................................. 102 1,766,416 1,737,847 19,933 6,716 1,920 98.4 1.1 .4 .i West Virginia........................................... 178 1,131,469 1,119,209 8,254 3,161 845 98.9 .7 .3 .i Wisconsin.................................................. 547 2,797,725 2,756,774 29,092 9,214 2,645 98.6 1.0 .3 .i Wyoming................................................... 53 210,036 205,019 3,558 1,240 219 97.6 1.7 .6 .i

1 Less than .05 percent.

Oi ACCOUNTS OF INSURED COMMERCIAL BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 38. D is t r ib u t io n o f A c co u n ts A cco r d in g to Siz e , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

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 $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

All insured commercial banks.............. 13,278 114,568,091 112,551,274 1,334,096 513,690 169,031 98.2% 1.2% .5% .1%

Banks with deposits of—

Less than $250,000.................................

$250,000 to $500,000.............................

25

314

8,900

196,260

8,861

195,003

33

1,019

6

235 3

99.5

99.4

.4

.5

.1

.1 (x)

$500,000 to $1,000,000......................... 1,489 1,468,209 1,455,307 10,402 2,393 107 99.1 .7 .2 0)

$1,000,000 to $2,000,000...................... 2,941 4,850,387 4,796,046 43,005 10,352 984 98.9 .9 .2 0)

$2,000,000 to $5,000,000...................... 4,330 14,537,804 14,351,521 142,366 38,648 5,269 98.7 1.0 .3 0)

$5,000,000 to $10,000,000.................... 2,065 14,258,653 14,064,856 142,403 42,942 8,452 98.6 1.0 .3 .1

$10,000,000 to $25,000,000.................. 1,295 17,839,537 17,584,967 180,806 59,441 14,323 98.6 1.0 .3 .1

$25,000,000 to $50,000,000.................. 405 10,435,418 10,257,579 120,575 45,603 11,661 98.3 1.2 .4 .1

$50,000,000 to $100,000,000................ 191 8,429,762 8,268,854 102,722

135,405

44,639 13,547 98.1 1.2 .5 .2

$100,000,000 to $250,000,000............. 130 10,511,791 10,290,037 62,932 23,417 97.9 1.3 .6 .2

$250,000,000 to $500,000,000............. 52 7,701,771 7,516,655 107,029 54,737 23,350 97.6 1.4 .7 .3

$500,000,000 to $1,000,000,000.......... 24 5,799,976 5,627,791 108,343 44,562 19,280 97.0 1.9 .8 .3

$1,000,000,000 to $2,500,000,000. . . 11 5,357,485 5,200,929 90,531 44,035 21,990 97.1 1.7 .8 .4

$2,500,000,000 or more......................... 6 13,172,138 12,932,868 149,457 63,165 26,648 98.2 1.1 .5 .2

Banks in centers with population in 1950 of—

540 598,519 590,828 5,888 1,421 382 98.7 1.0 .2 .1

250 to 500................................................. 1,245 1,586,095 1,567,879 14,680 3,290 246 98.9 .9 .2 C1)

500 to 1,000.............................................. 2,099 3,612,878 3,568,493 35,571 8,031 783 98.8 1.0 .2 0)

1,000 to 2,500.......................................... 2,937 8,034,414 7,931,594 79,835 20,493 2,492 98.7 1.0 .3 «

2,500 to 5,000.......................................... 1,723 7,147,087 7,049,506 73,348 20,872 3,361 98.7 1.0 .3 0)

5,000 to 10,000........................................ 1,567 9,472,673 9,343,458 95,205 28,430 5,580 98.6 1.0 .3 .1

10,000 to 25,000...................................... 1,252 12,410,967 12,231,888 128,013 41,519 9,547 98.6 1.0 .3 .1

25,000 to 50,000...................................... 600 9,489,894 9,347,936 98,220 34,955 8,783 98.5 1.0 .4 .1

50,000 to 100,000................................... 395 8,606,123 8,471,233 88,327 36,204 10,359 98.5 1.0 .4 .1

100,000 to 250,000................................. 354 11,166,730 10,975,475 120,510 53,001 17,744 98.3 1.1 .5 .1

250,000 to 500,000................................. 217 9,151,675 8,965,734 115,197 51,098 19,646 98.0 1.2 .6 .2

500,000 to 1,000,000.............................. 189 20,228,014 19,863,554 239,419 91,846 33,195 98.2 1.2 .4 .2

1,000,000 to 2,500,000.......................... 41 5,087,988 4,966,021 78,316 31,913 11,738 97.6 1.6 .6 .2

2,500,000 or more................................... 119 7,975,034 7,677,675 161,567 90,617 45,175 96.3 2.0 1.1 .6

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Class of bank

National, members F. R. System

State, members F. R. System.............

Not members F. R. System.................

Banks with percent of deposits

insured of—

100 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................................

U. S. Government accounts.................

State and political subdivision accounts ....................................................

Uninvested trust funds.........................

Drafts.........................................................

Other items...............................................

4,725

1,856

6,697

20

2,521

4,575

3,468

1,587

638

246

140

59

222

61,940,128

26,348,674

26,279,289

12,960

5,373,646

17,561,236

22,865,564

20,047,542

24,212,684

8,709,893

8,885,418

4,909,404

1,885,151

104,593

52,129,072

52,799,718

123,042

49,772

287,647

1,004,563

664,020

7,510,257

60,827,461

25,781,306

25,942,507

12,960

5,329,839

17,358,346

22,552,561

19,724,399

23,833,873

8,523,226

8,638,783

4,705,635

1,780,425

91,227

50,900,334

52,279,285

36,341

36,868

202,814

962,797

645,580

7,487,255

1 Less than .05 percent.

728,747

354,034

251,315

287,399

154,254

72,037

96,521

59,080

13,430

38,310

161,171

232,069

226,698

261,556

5,384

37,792

68,059

77,874

92,004

113

3,927

12,875

18,571

25,251

114,619

140,885

104,901

49,065

4,822

53,647

74,440

64,992

34,910

4,588

18,401

31,310

33,876

20,751

3,956

768,666

460,004

20,885

4,396

359,328

54,481

34,228

5,023

100,744

5,948

31,588

3,485

32,274

24,583

9,506

13,782

33,635

13,364

6,973

6,658

18,924

3,819

1,961

2,562

98.2 1.2 .5 .1

97.9 1.3 .6 .2

98.7 .9 .3 .1

100.0

99.2 .7 .1 0)

98.9 .9 .2 0)

98.6 1.0 .3 .1

98.4 1.1 .4 .1

98.4 1.1 .4 .1

97.9 1.3 .6 .2

97.2 1.6 .8 .4

95.9 2.1 1.3 .7

94.4 2.6 1.9 1.1

87.2 4.6 4.4 3.8

97.6 1.5 .7 .2

99.0 .9 .1 (0

29.5 17.0 27.8 25.7

74.1 8.8 10.1 7.0

70.5 11.2 11.7 6.6

95.9 2.4 1.3 .4

97.2 1.4 1.1 .3

99.7 .2 .1 0)

ACCOUNTS OF INSURED COMMERCIAL BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 3 9 . D is t r ib u t io n of D e m a n 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, 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 c c o u n t, I n su r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State Total

Number of accounts Percent of total accounts

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Total United States............................................... 52,129,072 50,900,334 768,666 359,328 100,744 97.6% 1.5% .7% .2%

Continental U. S................................................. 52,017,212 50,790,684 767,152 358,738 100,638 97.6 1.5 .7 .2

Other areas............................................................ 111,860 109,650 1,514 590 106 98.0 1.4 .5 .1

FDIC District

District 1 .............................................................. 2,352,004 2,285,156 39,846 21,197 5,805 97.2 1.7 .9 .2

District 2 .............................................................. 6,582,202 6,339,922 136,276 77,523 28,481 96.3 2.1 1.2 .4

District 3 .............................................................. 5,561,250 5,419,006 86,920 42,897 12,427 97.4 1.6 .8 .2

District 4 .............................................................. 4,692,138 4,617,832 47,217 21,945 5,144 98.4 1.0 .5 .1

District 5 ............................................................. 3,799,638 3,735,717 42,153 17,972 3,796 98.3 1.1 .5 .1

District 6 ............................................................. 4,548,801 4,475,614 47,505 20,458 5,224 98.4 1.1 .4 .1

District 7 ............................................................. 4,056,028 3,961,669 60,116 27,192 7,051 97.6 1.5 .7 .2

District 8 ............................................................. 3,873,647 3,757,150 74,301 32,687 9,509 97.0 1.9 .9 .2

District 9 ............................................................. 1,888,074 1,852,597 24,887 8,733 1,857 98.1 1.3 .5 .1

3,258,156 3,194,646 44,912 15,539 3,059 98.0 1.4 .5 .1

4,997,179 4,890,708 69,274 30,079 7,118 97.9 1.4 .6 .1

6,519,955 6,370,317 95,259 43,106 11,273 97.7 1.4 .7 .2

State

895,137 883,165 7,797 3,409 766 98.6 .9 .4 .1

274,107 268,063 4,059 1,677 308 97.8 1.5 .6 .1

Arkansas.............................................................. 593,571 585,307 5,772 2,139 353 98.6 1.0 .3 1

4,482,414 4,376,585 66,411 30,897 8,521 97.6 1.5 .7 .2

Colorado............................................................... 545,341 531,913 9,025 3,606 797 97.5 1.7 .7 .1

Connecticut......................................................... 600,209 584,353 9,849 4,805 1,202 97.4 1.6 .8 .2

Delaware.................#........................................... 163,407 159,098 2,571 1,336 402 97.4 1.6 .8 .2

District of Columbia......................................... 368,823 358,139 6,312 3,407 965 97.1 1.7 .9 .3

Florida.................................................................. 1,162,553 1,134,443 18,876 7,839 1,395 97.6 1.6 .7 .1

Georgia................................................................. 1,102,943 1,086,719 10,019 4,848 1,357 98.5 .9 .5 .1

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho..................................................................... 225,265 220,945 3,106 1,071 143 98.1 1.3 .5 .1

Illinois.................................................................. 2,733,492 2,635,836 60,333 28,522 8,801 96.4 2.2 1.1 .3

Indiana................................................................. 1,394,002 1,365,628 18,925 7,687 1,762 98.0 1.3 .6 .1

Iowa...................................................................... 1,140,155 1,121,314 13,968 4,165 708 98.3 1.2 .4 .1

Kansas.................................................................. 949,364 932,828 12,230 3,759 547 98.2 1.3 .4 .1

Kentucky............................................................. 1,036,240 1,022,345 9,624 3,525 746 98.7 .9 .3 .1

Louisiana............................................................. 814,181 796,618 11,271 5,069 1,223 97.8 1.4 .6 .2

Maine................................................................... 177,389 173,416 2,598 1,166 209 97.8 1.5 .6 .1

Maryland............................................................. 695,539 681,022 9,076 4,339 1,102 97.9 1.3 .6 .2

Massachusetts.................................................... 1,081,772 1,044,121 21,639 12,337 3,675 96.5 2.0 1.2 .3

Michigan.............................................................. 1,687,687 1,644,777 26,163 13,089 3,658 97.5 1.5 .8 .2

Minnesota............................................................ 1,054,900 1,036,557 11,763 5,136 1,444 98.3 1.1 .5 .1

Mississippi........................................................... 639,005 631,390 5,461 1,876 278 98.8 .9 .3 0)

Missouri............................................................... 1,779,011 1,742,697 22,944 10,366 3,004 97.9 1.3 .6 .2

Montana.............................................................. 258,647 251,165 5,554 1,719 209 97.1 2.1 .7 .1

Nebraska.............................................................. 637,113 622,916 10,585 3,019 593 97.7 1.7 .5 .1

Nevada................................................................. 82,537 80,047 1,541 813 136 97.0 1.9 1.0 .1

New Hampshire................................................. 121,397 118,909 1,634 724 130 98.0 1.3 .6 .1

New Jersey.......................................................... 1,693,028 1,653,381 25,700 11,561 2,386 97.7 1.5 .7 .1

New Mexico........................................................ 232,111 228,117 2,722 1,130 142 98.2 1.2 .5 .1

New York............................................................ 4,672,677 4,475,312 107,385 64,351 25,629 95.7 2.3 1.4 .6

North Carolina................................................... 1,139,080 1,122,687 10,265 4,958 1,170 98.6 .9 .4 .1

North Dakota.................................................... 260,483 255,916 3,550 915 102 98.2 1.4 .4 0)

Ohio....................................................................... 2,343,039 2,283,437 35,731 18,336 5,535 97.5 1.5 .8 .2

Oklahoma............................................................ 996,370 980,169 10,826 4,346 1,029 98.4 1.1 .4 .1

Oregon.................................................................. 573,695 560,434 8,747 3,713 801 97.7 1.5 .7 .1

Pennsylvania...................................................... 3,218,211 3,135,569 51,189 24,561 6,892 97.4 1.6 .8 .2

Rhode Island...................................................... 252,576 247,176 3,115 1,768 517 97.9 1.2 .7 .2

South Carolina................................................... 552,987 544,839 5,546 2,206 396 98.5 1.0 .4 .1

South Dakota..................................................... 314,044 308,959 4,020 963 102 98.4 1.3 .3 0)

Tennessee............................................................. 1,139,979 1,125,265 9,165 4,428 1,121 98.7 .8 .4 .1

Texas..................................................................... 3,676,780 3,597,910 51,222 22,203 5,445 97.9 1.4 .6 .1

Utah...................................................................... 235,394 231,118 2,611 1,277 388 98.2 1.1 .5 .2

Vermont............................................................... 118,661 117,181 1,011 397 72 98.8 .8 .3 .1

Virginia................................................................ 1,304,212 1,287,275 11,051 4,807 1,079 98.7 .8 .4 .1

Washington......................................................... 861,880 843,669 11,949 5,020 1,242 97.9 1.4 .6 .1

West Virginia...................................................... 631,497 623,870 4,967 2,228 432 98.8 .8 .3 .1

Wisconsin............................................................. 974,339 951,264 15,028 6,416 1,631 97.6 1.5 .7 .2

Wyoming.............................................................. 129,968 126,820 2,246 809 93 97.6 1.7 .6 .1

1 Less than .05 percent.

ACCOUNTS OF INSURED COMMERCIAL BAN KS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
l>0

T a b le 4 0 . D is t r ib u t io n of Sa v in g s a n d T im e A c co u n ts o f 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 o f A c c o u n t , I n su r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Number of accounts Percent of total accounts

FDIC District and State

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Total United States............................................... 52,799,718 52,279,285 460,004 54,481 5,948 99.0% .9% .1% 0)%

Continental U. S................................................. 52,539,396 52,020,186 458,996 54,289 5,925 99.0 .9 .1 0)

Other areas............................................................ 260,322 259,099 1,008 192 23 99.5 .4 .1 0)

FDIC District

District 1............................................................. 3,208,675 3,194,763

8,551,622

12,882 931 99 99.6 .4 0) C1)

District 2 .............................................................. 8,612,470 55,091 4,887 870 99.3 .6 .1 C1)

District 3 .............................................................. 8,251,482 8,185,478 59,165 6,208 631 99.2 .7 .1 0)

District 4 . . . . ...................................................... 3,476,798 3,452,233 21,666 2,599 300 99.3 .6 .1 0)

District 5 ............................................................. 1,900,690 1,881,911 16,571 2,001 207 99.0 .9 .1 f)

District 6 ............................................................. 2,408,602 2,384,134 21,553 2,688 227 99.0 .9 .1 0)

District 7 .............................................................. 6,410,732 6,354,161 51,250 5,007 314 99.1 .8 .1 0)

District 8 ............................................................. 4,662,806 4,604,923 52,032 5,532 319 98.8 1.1 .1 0)

District 9 ............................................................. 1,562,911 1,548,582 13,154 1,113 62 99.1 .8 .1 (9

District 10........................................................... 1,348,206 1,333,102 13,360 1,609 135 98.9 1.0 .1 C1)

District 11........................................................... 2,277,006 2,255,862 17,815 2,773 556 99.1 .8 .1 0)

District 12........................................................... 8,679,340 8,532,514 125,465 19,133 2,228 98.3 1.5 .2 0)

State

Alabama............................................................... 462,733 458,439 3,787 480 27 99.1 .8 .1 C1)

Arizona................................................................. 202,189 199,268 2,510 370 41 98.6 1.2 .2 0)

Arkansas.............................................................. 167,428 165,402 1,729 269 28 98.8 1.0 .2 0)

California............................................................. 6,677,904 6,556,003 108,356 16,547 1,998 98.2 1.5 .3 C1)

Colorado............................................................... 385,407 380,232 4,541 579 55 98.6 1.2 .2 0)

Connecticut......................................................... 783,449 779,322 4,007 106 14 99.5 .5 0) 0)

Delaware.............................................................. 142,918 141,773 1,012 126 7 99.2 .7 0)

District of Columbia......................................... 310,650 308,029 2,147 376 98 99.2 .7 0)

Florida.................................................................. 645,003 637,448 6,735 696 124 98.8 1.1 0)

Georgia................................................................. 585,489 580,585 4,288 575 41 99.2 .7 0)

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho..................................................................... 141,628 138,652 2,674 277 20 97.9 1.9 .2 C1) Illinois.................................................................. 3,881,460 3,831,576 44,703 4,882 299 98.7 1.2 .1 C1) Indiana................................................................. 1,426,069 1,413,908 11,102 996 63 99.1 .8 .1 0) Iowa...................................................................... 781,346 773,347 7,329 650 20 99.0 .9 .1 0) Kansas.................................................................. 340,979 337,348 3,281 332 18 98.9 1.0 .1 0)

Kentucky............................................................. 375,347 372,040 2,956 334 17 99.1 .8 .1 0) Louisiana.............................................................. 741,192 737,303 3,457 404 28 99.5 .4 .1 0) Maine.................................................................... 412,775 410,978 1,600 187 10 99.6 .4 (0 0) Maryland............................................................. 774,923 769,919 4,549 421 34 99.3 .6 .1 (!) Massachusetts.................................................... 1,252,307 1,248,940 3,075 250 42 99.7 .3 0) 0)

Michigan.............................................................. 3,314,100 3,282,220 28,606 3,071 203 99.0 .9 .1 0) Minnesota........................................................ 1,180,141 1,170,990 8,418 694 39 99.2 .7 .1 0) Mississippi........................................................... 207,465 205,439 1,761 250 15 99.0 .9 .1 (1) Missouri............................................................... 1,177,876 1,168,505 8,431 873 67 99.2 .7 .1 0) Montana............................................................ 150,411 148,484 1,737 184 6 98.7 1.2 .1 0)

Nebraska.............................................................. 259,335 257,849 1,341 141 4 99.4 .5 .1 C1) Nevada................................................................. 102,825 101,331 1,298 182 14 98.5 1.3 .2 C1) New Hampshire............................................. 135,522 134,707 758 52 5 99.4 .6 0) (!)

New Jersey.......................................................... 3,107,130 3,087,956 17,751 1,335 88 99.4 .6 (x) (*) New Mexico................................................... 109,441 108,081 1,127 196 37 98.8 1.0 .2 0)

New York........................................................ 5,163,870 5,124,077 35,764 3,277 752 99.2 .7 .1 0) North Carolina............................................... 592,941 589,211 3,275 422 33 99.4 .5 .1 0) North Dakota..................................................... 107,282 105,647 1,509 122 4 98.5 1.4 .1 0) Ohio................................................................. 3,723,009 3,690,168 29,290 3,243 308 99.1 .8 .1 0) Oklahoma............................................................ 292,195 288,581 3,186 388 40 98.8 1.1 .1 0)

Oregon.............................................................. 583,872 574,936 7,813 1,025 98 98.5 1.3 .2 C1) Pennsylvania.................................................. 4,528,473 4,495,310 29,875 2,965 323 99.3 .6 .1 0)

Rhode Island................................................ 387,128 384,884 2,002 221 21 99.4 .5 .1 0) South Carolina............................................... 209,906 208,823 952 109 22 99.5 .4 .1 (1)

South Dakota................................................. 125,077 123,461 1,490 113 13 98.7 1.2 .1 0)

Tennessee........................................................ 687,951 678,187 8,437 1,212 115 98.6 1.2 .2 0) Texas................................................................ 1,224,184 1,211,210 10,721 1,803 450 98.9 .9 .2 0) Utah................................................................ 293,659 290,561 2,817 261 20 98.9 1.0 .1 (x) Vermont......................................................... 237,494 235,932 1,440 115 7 99.4 .6 0) C1) Virginia................................................................ 1,121,071 1,112,092 7,984 913 82 99.2 .7 .1 0)

Washington................................................... 817,687 809,748 7,063 798 78 99.0 .9 .1 0) West Virginia...................................................... 467,307 464,159 2,759 358 31 99.3 .6 .1 C1) Wisconsin............................................................. 1,670,563 1,658,033 11,542 940 48 99.2 .7 .1 0) Wyoming.............................................................. 70,290 69,092 1,011 169 18 98.3 1.4 .3 0)

1 Less than .05 percent.

COACCOUNTS OF INSURED COMMERCIAL BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 4 1 . D is t r ib u t io n o f D em and A c c o u n ts o f In d iv id u a ls, P a r tn e r s h ip s , an d C o r p o r a tio n s ,

A c c o r d in g t o Size o f A c c o u n t, In su re d C o m m erc ia l B a n k s, S e p te m b e r 21, 1955

b a n k s g ro u ped b y a m o u n t o f d e p o sit s

Size group

Number of accounts

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

52,129,072 50,900,334 768,666 359,328

7,797 7,777 19 1

167,142 166,406 663 73

1,114,036 1,106,930 6,143 934

3,328,027 3,298,000 24,858 4,892

8,850,658 8,744,480 83,265 21,177

7,441,890 7,325,987 84,704 27,849

7,922,187 7,763,829 107,833 43,433

4,357,371 4,243,642 72,775 34,158

3,360,783 3,255,618 63,129 33,712

4,352,891 4,212,520 80,052 46,306

3,151,682 3,031,449 65,654 39,836

2,376,132 2,280,010 52,754 31,038

1,969,131 1,873,255 49,855 31,438

3,729,345 3,590,431 76,962 44,481

100.0% 100.0% 100.0% 100.0%

0) 0) 0) 0)

.3 .3 .1 C1)

2.1 2.2 .8 .3

6.4 6.5 3.2 1.4

17.0 17.2 10.8 5.9

14.3 14.4 11.0 7.7

15.2 15.2 14.0 12.1

8.4 8.3 9.5 9.5

6.4 6.4 8.2 9.4

8.4 8.3 10.4 12.9

6.0 5.9 8.6 11.1

4.5 4.5 6.9 8.6

3.8 3.7 6.5 8.7

7.2 7.1 10.0 12.4

More

than

$100,000

Percent of total accounts

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Demand accounts— total.............

Banks with deposits of—

Less than $250,000........................

$250,000 to $500,000.....................

$500,000 to $1,000,000.................

$1,000,000 to $2,000,000..............

$2,000,000 to $5,000,000.............

$5,000,000 to $10,000,000...........

$10,000,000 to $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..

$1,000,000,000 to $2,500,000,000

$2,500,000,000 or more.................

Percent of total...........................

Banks with deposits of—

Less than $250,000........................

$250,000 to $500,000.....................

$500,000 to $1,000,000.................

$1,000,000 to $2,000,000.............

$2,000,000 to $5,000,000..............

$5,000,000 to $10,000,000...........

$10,000,000 to $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..

$1,000,000,000 to $2,500,000,000

$2,500,000,000 or more.................

100,744

29

277

1,736

3,350

7,092

6,796

8,324

14,013

14,743

12,330

14,583

17,471

100.0%

(0

.3

1.7

3.3

7.0

6.8

8.3

13.9

14.6 12.2

14.5

17.4

97.6%

99.8

99.4

99.1

98.5

98.0

97.4

96.9

96.8

96.2

96.0

95.1

96.3

.2

.4

.5

.8

1.0

1.1

1.4

1.7

1.9

1.8

2.1

2.2

2.5

2.0

.7%

0)

0)

.1

.1

.2

.4

.5

.8

1.0

1.1

1.2

1.3

1.6

1.2

.2%

(9

(’)

0)

(*)

.1.1.2

.3

.5

.5

i Less than .05 percent.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 4 2 . D is t r ib u t io n of Sa v in g s a n d T im e A cco u n ts 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 c co u n t, I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

b a n k s g r o u p e d b y a m o u n t o f d e p o sit s

Size group

Number of accounts Percent of total accounts

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Savings and time accounts— tota l................. 52,799,718 52,279,285 460,004 54,481 5,948 99.0% .9% .1% C1)

Banks with deposits of—

Less than $250,000................................................ 785 776 9 98.9 1.1 $250,000 to $500,000............................................ 21,295 21,148 139 7 1 99.3 (i) (i)

$500,000 to $1,000,000......................................... 295,657 293,321 2,216 116 4 99.2 .8 (i) ^i)

$1,000,000 to $2,000,000..................................... 1,319,207 1,307,207 11,291 690 19 99.1 .8 .1 (i) $2,000,000 to $5,000,000..................................... 5,112,690 5,064,386 44,572 3,592 140 99.0 .9 .1 0)

$5,000,000 to $10,000,000................................... 6,161,147 6,108,301 47,958 4,598 290 99.1 .8 .1 (1)

$10,000,000 to $25,000,000................................. 9,035,287 8,966,167 62,214 6,396 510 99.2 .7 .1 0) $25,000,000 to $50,000,000................................. 5,463,988 5,418,624 40,349 4,597 418 99.2 .7 .1 (1)

$50,000,000 to $100,000,000.............................. 4,533,096 4,497,066 31,784 3,754 492 99.2 .7 .1 (1)

$100,000,000 to $250,000,000............................ 5,483,595 5,433,395 44,052 5,472 676 99.1 .8 .1 0)

$250,000,000 to $500,000,000............................ 3,939,802 3,903,952 30,775 4,429 646 99.1 .8 .1 0) $500,000,000 to $1,000,000,000......................... 3,018,137 2,962,443 48,258 6,569 867 98.2 1.6 .2 (1)

$1,000,000,000 to $2,500,000,000..................... 2,785,841 2,747,119 33,178 4,956 588 98.6 1.2 .2 (1)

$2,500,000,000 or more........................................ 5,629,191 5,555,380 63,209 9,305 1,297 98.7 1.1 .2 0)

Percent of total................................................... 100.0% 100.0% 100.0% 100.0% 100.0%

Banks with deposits of—

Less than $250,000................................................ 0) 0) 0)

$250,000 to $500,000............................................ 0) 0) 0) 0) 0) $500,000 to $1,000,000......................................... .6 .6 .5 .2 .1

$1,000,000 to $2,000,000..................................... 2.5 2.5 2.5 1.3 .3

$2,000,000 to $5,000,000..................................... 9.7 9.7 9.7 6.6 2.3

$5,000,000 to $10,000,000................................... 11.7 11.7 10.4 8.4 4.9

$10,000,000 to $25,000,000................................. 17.1 17.1 13.5 11.7 8.6

$25,000,000 to $50,000,000................................. 10.3 10.4 8.8 8.4 7.0

$50,000,000 to $100,000,000.............................. 8.6 8.6 6.9 6.9 8.3

$100,000,000 to $250,000,000............................ 10.4 10.4 9.6 10.1 11.3

$250,000,000 to $500,000,000............................ 7.5 7.5 6.7 8.1 10.9

$500,000,000 to $1,000,000,000......................... 5.7 5.7 10.5 12.1 14.6

$1,000,000,000 to $2,500,000,000..................... 5.3 5.2 7.2 9.1 9.9

$2,500,000,000 or more........................................ 10.6 10.6 13.7 17.1 21.8

1 Less than .05 percent.

ACCOUNTS OF INSURED COMMERCIAL B A N K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
o>

D e t a i l e d T a b l e s : D i s t r i b u t i o n o f D e p o s i t 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 i n g t o S iz e o f A c c o u n t

Table 43. D is t r ib u t io n of D e p o sit s A c co r d in g to Size o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955 

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t a n d s t a t e

Deposits (in thousands) in accounts of— Percent of total deposits in accounts of—

FDIC District and State

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Total United States............................................... $181,849,478 $71,295,480 $19,550,702 $23,912,350 $67,090,946 39.2% 10.8% 13.1% 36.9%

Continental U. S................................................. 181,458,010 71,117,254 19,508,290 23,860,805 66,971,661 39.2 10.8 13.1 36.9

Other areas............................................................ 391,468 178,226 42,412 51,545 119,285 45.5 10.8 13.2 30.5

FDIC District

8,674,091 3,355,945 887,168 1,276,681 3,154,297 38.7 10.2 14.7 36.4

41,184,134 10,816,343 3,152,393 4,843,901 22,371,497 26.3 7.6 11.8 54.3

21,647,014 9,377,553 2,284,456 2,722,067 7,262,938 43.3 10.6 12.6 33.5

10,084,337 4,473,267 1,094,550 1,408,330 3,108,190 44.4 10.8 14.0 30.8

7,751,722 3,373,640 963,036 1,216,623 2,198,423 43.5 12.4 15.7 28.4

10,305,655 4,370,392 1,133,571 1,493,213 3,308,479 42.4 11.0 14.5 32.1

15,112,528 7,492,141 1,727,146 1,869,174 4,024,067 49.6 11.4 12.4 26.6

17,349,769 6,836,726 1,987,340 2,241,617 6,284,086 39.4 11.5 12.9 36.2

5,200,319 2,715,492 616,771 662,441 1,205,615 52.2 11.9 12.7 23.2

7,369,967 3,204,153 927,597 1,073,799 2,164,418 43.5 12.6 14.6 29.3

12,581,596 4,533,160 1,421,135 1,962,460 4,664,841 36.0 11.3 15.6 37.1

24,588,346 10,746,668 3,355,539 3,142,044 7,344,095 43.7 13.6 12.8 29.9

State

1,573,648 725,000 187,844 239,766 421,038 46.1 11.9 15.2 26.8

703,751 319,611 98,800 99,755 185,585 45.4 14.0 14.2 26.4

931,759 471,806 125,363 158,740 175,850 50.6 13.5 17.0 18.9

18,648,234 7,887,158 2,581,540 2,348,561

231,719

5,830,975 42.3 13.8 12.6 31.3

1,611,677 679,505 208,948 491,505 42.1 13.0 14.4 30.5

2,070,930 889,282 238,202 277,270 666,176 42.9 11.5 13.4 32.2

561,578 193,718 59,478 81,388 226,994 34.5 10.6 14.5 40.4

District of Columbia......................................... 1,356,583 473,986 133,228 190,274 559,095 35.0 9.8 14.0 41.2

3,006,933 1,263,842 403,645 476,672 862,774 42.0 13.4 15.9 28.7

2,251,014 905,682 244,609 355,164 745,559 40.2 10.9 15.8 33.1

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Idaho..................................................................... 526,833 284,816 87,193

Illinois................................................................... 14,758,045 5,402,760 1,644,851

Indiana................................................................. 3,979,721 1,960,831 465,545

2,591,724 1,433,966 342,489

Kansas.................................................................. 1,888,074 902,082 249,340

Kentucky............................................................. 1,725,908 867,833 209,600

Louisiana.............................................................. 2,389,408 823,223 248,731

Maine.................................................................... 534,828 305,847 65,683

Maryland............................................................. 1,942,098 832,683 214,600

Massachusetts.................................................... 4,680,475 1,440,052 427,000

Michigan.............................................................. 7,454,166 3,555,277 842,290

Minnesota............................................................ 3,395,352 1,653,535 335,753

Mississippi........................................................... 920,127 479,116 126,938

Missouri............................................................... 5,217,740 2,000,734 521,251

Montana.............................................................. 677,152 339,957 111,875

Nebraska.............................................................. 1,459,409 694,348 193,438

Nevada................................................................. 300,638 130,020 46,082

New Hampshire................................................. 289,667 147,759 38,423

New Jersey.......................................................... 5,714,001 3,148,243 660,741

New Mexico........................................................ 492,106 212,608 62,853

New York............................................................ 34,696,804 7,377,590 2,411,373

North Carolina................................................... 2,282,941 911,580 225,686

North Dakota.................................................... 528,118 349,681 79,594

9,462,403 4,131,950 1,004,015

Oklahoma............................................................ 2,092,682 778,355 224,223

Oregon.................................................................. 1,792,135 901,575 246,622

Pennsylvania...................................................... 12,184,611 5,245,603 1,280,441

Rhode Island...................................................... 790,097 357,803 80,624

South Carolina................................................... 865,996 396,562 106,980

South Dakota ............................................... 599,697 372,319 89,549

Tennessee............................................................. 2,430,248 1,030,019 277,357

Texas ................................................................... 8,996,331 3,177,718 1,010,751

Utah...................................................................... 769,351 337,245 81,345

Vermont............................................................... 308,094 215,202 37,236

Virginia................................................................ 2,569,002 1,287,612 294,492

Washington......................................................... 2,371,438 1,124,420 291,146

West Virginia...................................................... 1,067,717 570,844 119,564

Wisconsin............................................................. 3,678,641 1,976,033 419,311

Wyoming.............................................................. 318,125 149,863 51,648

76,979 77,845 54.0 16.6 14.6 14.8

1,903,732 5,806,702 36.6 11.2 12.9 39.3

520,826 1,032,519 49.3 11.7 13.1 25.9

337,885 477,384 55.3 13.2 13.1 18.4

279,263 457,389 47.8 13.2 14.8 24.2

245,100 403,375 50.3 12.1 14.2 23.4

345,797 971,657 34.4 10.4 14.5 40.7

73,093 90,205 57.2 12.3 13.6 16.9

261,926 632,889 42.9 11.0 13.5 32.6

745,809 2,067,614 30.8 9.1 15.9 44.2

916,131 2,140,468 47.7 11.3 12.3 28.7

429,173 976,891 48.7 9.9 12.6 28.8

145,021 169,052 52.1 13.8 15.7 18.4

734,283 1,961,472 38.3 10.0 14.1 37.6

100,859 124,461 50.2 16.5 14.9 18.4

212,040 359,583 47.6 13.3 14.5 24.6

43,107 81,429 43.3 15.3 14.3 27.1

45,515 57,970 51.0 13.3 15.7 20.0

692,206 1,212,811 55.1 11.6 12.1 21.2

76,546 140,099 43.2 12.8 15.5 28.5

4,042,682 20,865,159 21.3 6.9 11.7 60.1

337,468 808,207 39.9 9.9 14.8 35.4

58,691 40,152 66.2 15.1 11.1 7*6

1,183,801 3,142,637 43.7 10.6 12.5 33.2

295,034 795,070 37.2 10.7 14.1 38.0

249,514 394,424 50.3 13.8 13.9 22.0

1,538,266 4,120,301 43.1 10.5 12.6 33.8

104,985 246,685 45.3 10.2 13.3 31.2

141,763 220,691 45.8 12.3 16.4 25.5

73,718 64,111 62.1 14.9 12.3 10.7

355,090 767,782 42.4 11.4 14.6 31.6

1,440,362 3,367,500 35.3 11.3 16.0 37.4

89,151 261,610 43.8 10.6 11.6 34.0

30,009 25,647 69.9 12.1 9.7 8.3

328,268 658,630 50.1 11.5 12.8 25.6

310,812 645,060 47.4 12.3 13.1 27.2

148,631 228,678 53.5 11.2 13.9 21.4

432,217 851,080 53.7 11.4 11.8 23.1

55,743 60,871 47.1 16.2 17.5 19.2

*<r DEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
00

Table 44. D is t r ib u t io n o f D e p o s it s A cco r d in g to Size of A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

b a n k s g r o u p e d b y a m o u n t of d e p o sits, p o p u l a t io n o f c e n t e r in w h ic h l o c a t e d ,

c l a s s, a n d p e r c e n t of de p o sits in 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 ty p e

Deposits (in thousands) in accounts of— Percent of total deposits in accounts of—

Classification

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

All insured commercial banks.........................

Banks with deposits of—

Less than $250 000 .................

$181,849,478

4,678

124,579

$71,295,480

3,906

100,191

$19,550,702

457

$23,912,350

315

$67,090,946 39.2%

83.5

10.8%

9.8

13.1%

6.7

36.9%

$250,000 to $500,000............................................ 14,728 9,297 363 80.4 11.8 7.5 .3

$500,000 to $1,000,000......................................... 1,147,732 879,551 149,815 103,255 15,111 76.6 13.1 9.0 1.3

$1,000,000 to $2,000,000..................................... 4,317,883 3,088,554

9,241,263

616,434 458,306 154,589 71.5 14.3 10.6 3.6

$2,000,000 to $5,000,000..................................... 13,954,986 2,031,421 1,709,826 972,476 66.2 14.6 12.2 7.0

$5,000,000 to $10,000,000................................... 14,516,862 8,724,447 2,045,284 1,945,665 1,801,466 60.1 14.1 13.4 12.4

$10,000,000 to $25,000,000................................. 19,661,002 10,721,926 2,617,876 2,689,230 3,631,970 54.5 13.3 13.7 18.5

$25,000,000 to $50,000,000................................. 13,907,241 6,545,496 1,766,782 2,083,387 3,511,576 47.1 12.7 15.0 25.2

$50,000,000 to $100,000,000............................... 13,400,573 5,260,671 1,517,194 2,089,212 4,533,496 39.3 11.3 15.6 33.8

$100,000,000 to $250,000,000............................ 20,536,733 6,715,648 2,015,101 2,987,508 8,818,476 32.7 9.8 14.6 42.9

$250,000,000 to $500,000,000............................ 18,302,582 4,954,149 1,599,230 2,640,721 9,108,482 27.1 8.7 14.4 49.8

$500,000,000 to $1,000,000,000......................... 16,187,608 4,536,018 1,623,895

1,347,489

2,126,135 7,901,560 28.0 10.0 13.2 48.8

$1,000,000,000 to $2,500,000,000..................... 18,911,600 3,837,749 2,107,616 11,618,746 20.3 7.1 11.2 61.4

$2,500,000,000 or more........................................

Banks in centers with population in

1950 of—

26,875,419 6,685,911 2,204,996 2,961,877 15,022,635 24.9 8.2 11.0 55.9

Less than 250.......................................................... 671,068 422,239 83,570 64,429 100,830 62.9 12.5 9.6 15.0

250 to 500................................................................ 1,478,747 1,087,962 209,520 141,577 39,688 73.6 14.1 9.6 2.7

500 to 1,000............................................................. 3,445,008 2,445,903

5,280,482

506,354 349,160 143,591 71.0 14.7 10.1 4.2

1,000 to 2,500......................................................... 7,798,315 1,137,940

1,053,800

902,017 477,876 67.7 14.6 11.6 6.1

2,500 to 5,000......................................................... 7,238,564 4,526,849 928,234 729,681 62.5 14.6 12.8 10.1

5,000 to 10,000....................................................... 9,784,706 5,858,524 1,368,282 1,283,209 1,274,691 59.9 14.0 13.1 13.0

10,000 to 25,000..................................................... 13,671,037 7,480,415 1,850,360 1,884,509 2,455,753 54.7 13.5 13.8 18.0

25,000 to 50,000..................................................... 11,156,180 5,667,200 1,431,147 1,590,738 2,467,095 50.8 12.8 14.3 22.1

50,000 to 100,000................................................... 11,091,983 5,007,842 1,298,791 1,680,428

2,481,978

3,104,922 45.1 11.7 15.2 28.0

100,000 to 250,000................................................. 17,271,137 6,450,752 1,780,987 6,557,420 37.3 10.3 14.4 38.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
250.000 to 5 0 0 ,0 0 0 .............................................

500.000 to 1,000,000.............................................

1,000,000 to 2,500,000.........................................

2.500.000 or more..................................................

Class of bank

National, members F. R. System.....................

State, members F. R. System............................

Not members F. R. System...............................

Banks with percent of deposits insured of—

100 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...............................................

U. S. Government accounts...............................

State and political subdivision accounts.........

Uninvested trust funds........................................

Drafts........................................................................

Other items..............................................................

17,214,259

32,757,586

11,213,782

37,057,106

5,964,960

11,308,736

3,576,806

6,216,810

1,692,792

3,491,867

1,201,672

2,443,620

99,642,699

55,839,420

26,367,359

37,920,755

17,339,048

16,035,677

10,664,401

5,282,139

3,604,162

6,537

4,209,873

15,882,095

23,433,738

24,371,695

30,538,115

6,537

3,455,184

11,293,542

14,298,274

12,495,889

13,250,142

528,793

2,274,119

3,324,790

3,288,071

3,820,817

16,037,506

24,445,028

24,728,198

15,177,998

3,018,695

5,158,122

6,066,190

3,776,187

1,419,518

75,895

1,761,066

2,117,709

1,602,983

753,451

78,903

100,122,450

44,104,582

15,164,643

3,781,487

11,442,115

3,140,905

1,303,543

2,789,753

34,867,618

33,674,023

144,096

71,630

484,380

737,919

289,925

1,025,889

11,709,039

6,136,858

354,408

72,145

529,710

382,171

151,853

214,518

2,441,779 7,114,728 34.7 9.8 14.2 41.3

4,284,312 13,672,671 34.5 10.7 13.1 41.7

1,498,420 4,936,884 31.9 10.7 13.4 44.0

4,381,560 24,015,116 16.8 6.6 11.8 64.8

13,399,708 37,657,835 38.1 10.7 13.4 37.8

7,280,458 25,937,775 31.1 9.4 13.0 46.5

3,232,184 3,495,336 60.8 13.7 12.2 13.3

100.0

210,570 15,326 82.1 12.5 5.0 .4

1,643,299 671,135 71.1 14.3 10.4 4.2

3,055,587 2,755,087 61.0 14.2 13.0 11.8

3,543,428 5,044,307 51.3 13.5 14.5 20.7

4,177,661 9,289,495 43.4 12.5 13.7 30.4

2,550,436 6,567,882 32.2 11.0 15.9 40.9

3,571,434 12,689,695 24.8 8.7 14.6 51.9

3,198,703 16,150,325 15.3 6.5 12.9 65.3

1,722,688 11,282,341 9.4 5.0 11.3 74.3

238,544 2,625,353 2.5 2.6 7.9 87.0

16,491,258 37,054,535 34.8 11.7 16.5 37.0

2,255,021 2,038,680 76.4 13.9 5.1 4.6

1,863,954 12,802,185 1.0 2.3 12.3 84.4

260,245 3,377,467 1.9 1.9 6.9 89.3

1,767,003 8,661,022 4.2 4.6 15.5 75.7

613,419 1,407,398 23.5 12.2 19.5 44.8

345,346 516,419 22.3 11.6 26.5 39.6

316,104 1,233,242 36.8 7.7 11.3 44.2

-<r

coDEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 45. D is t r ib u t i o n o f D em an d D e p o sits o f In d iv id u a ls , P a r tn e r s h ip s , an d C o r p o r a tio n s ,

A c c o r d in g to Siz e o f A c c o u n t, I n su r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t a n d sta t e

Deposits (in thousands) in accounts of— Percent of total deposits in accounts of—

FDIC District and State

Total

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Total United States............................................... $100,122,450 $34,867,618 $11,709,039 $16,491,258 $37,054,535 34.8% 11.7% 16.5% 37.0%

Continental U. S................................................. 99,978,121 34,793,786 11,685,441 16,464,155 37,034,739 34.8 11.7 16.5 37.0

Other areas............................................................ 144,329 73,832 23,598 27,103 19,796 51.2 16.3 18.8 13.7

FDIC District

District 1 19.3 38.2 ............................................................. 5,045,137 1,526,632 615,714 975,048 1,927,743 30.3 12.2

District 2 .............................................................. 24,054,205 4,942,759 2,115,899 3,652,411 13,343,136 20.5 8.8 15.2 55.5

District 3 ............................................................. 11,563,293 3,794,872 1,323,464 1,966,204 4,478,753 32.8 11.5 17.0 38.7

District 4 .............................................................. 5,583,513 2,422,429 718,901 998,097 1,444,086 43.4 12.9 17.9 25.8

District 5 .............................................................. 4,561,649 2,098,626 638,713 807,934 1,016,376 46.0 14.0 17.7 22.3

5,857,196 2,626,655 714,002 926,620 1,589,919 44.8 12.2 15.8 27.2

District 7. ............................................................ 7,250,441 2,821,395 911,757 1,263,766 2,253,523 38.9 12.6 17.4 31.1

District 8 .............................................................. 9,386,898 3,137,539 1,131,306 1,496,424 3,621,629 33.4 12.1 15.9 38.6

District 9 . . . ........................................................ 2,723,296 1,375,181 372,495 388,949 586,671 50.5 13.7 14.3 21.5

District 10........................................................... 4,586,582 2,224,623 666,876 698,037 997,046 48.5 14.5 15.2 21.8

7,732,129 3,241,202 1,048,243 1,356,940 2,085,744 41.9 13.6 17.5 27.0

District 12........................................................... 11,778,111 4,655,705 1,451,669 1,960,828 3,709,909 39.5 12.3 16.7 31.5

State

931,496 431,616 117,655 155,780 226,445 46.4 12.6 16.7 24.3

400,444 186,765 60,587 74,364 78,728 46.6 15.1 18.6 19.7

580,731 328,826 86,184 93,461 72,260

2,930,648

56.6 14.8 16.1 12.5

California............................................................. 8,585,460 3,232,796 1,008,859 1,413,157 37.7 11.8 16.4 34.1

Colorado............................................................... 942,295 391,769 136,546 161,236 252,744 41.6 14.5 17.1 26.8

Connecticut......................................................... 1,214,821 408,165 151,578 217,151 437,927 33.6 12.5 17.9 36.0

Delaware.............................................................. 363,164 120,104 39,205 61,237 142,618 33.1 10.8 16.9 39.2

District of Columbia......................................... 882,709 276,828 97,451

284,699

156,532 351,898 31.4 11.0 17.7 39.9

Florida.................................................................. 1,795,761 816,813 347,288 346,961 45.5 15.9 19.3 19.3

Georgia................................................................. 1,307,258 535,639 155,671 223,328 392,620 41.0 11.9 17.1 30.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho..................................................................... 290,074 163,225 46,417

Illinois................................................................... 7,999,431 2,318,241 925,268

Indiana................................................................. 2,113,881 981,599 285,004

1,387,467 819,298 206,038

Kansas.................................................................. 1,140,001 648,387 180,406

Kentucky............................................................. 1,103,355 602,496 143,592

Louisiana.............................................................. 1,225,701 481,892 172,985

Maine.................................................................... 256,061 116,812 39,862

Maryland............................................................. 1,064,400 417,207 138,174

Massachusetts.................................................... 2,922,055 772,127 336,255

Michigan.............................................................. 3,400,093 1,121,335 399,813

Minnesota............................................................ 1,591,562 679,177 178,427

Mississippi........................................................... 527,134 314,558 80,688

Missouri............................................................... 2,989,711 1,162,475 345,651

Montana.............................................................. 434,818 228,341 83,719

Nebraska............................................................ 969,941 530,322 154,577

Nevada................................................................. 151,395 67,016 27,051

New Hampshire................................................. 158,273 71,237 24,609

New Jersey.......................................................... 2,687,900 1,116,593 391,691

New Mexico........................................................ 262,460 143,294 42,573

New York............................................................ 20,936,381 3,674,808 1,675,395

North Carolina.. . ............................................. 1,204,994 534,928 156,988

North Dakota.................................................... 340,312 228,274 51,727

4,842,972 1,592,812 546,659

Oklahoma............................................................ 1,347,812 559,136 161,917

Oregon.................................................................. 951,172 435,883 131,264

Pennsylvania...................................................... 6,720,321 2,202,060 776,805

Rhode Island...................................................... 390,321 101,537 48,110

South Carolina................................................... 569,491 288,306 83,450

South Dakota..................................................... 356,604 239,389 58,622

Tennessee............................................................. 1,183,399 532,858 138,575

Texas..................................................................... 5,843,524 2,429,251 772,098

Utah...................................................................... 382,976 133,577 39,795

Vermont............................................................... 103,606 56,754 15,300

Virginia................................................................ 1,282,283 606,621 167,952

Washington. . ...................................................... 1,339,465 580,630 184,293

West Virginia...................................................... 579,636 298,539 74,886

Wisconsin............................................................. 1,736,467 718,461 226,940

Wyoming.............................................................. 186,533 95,009 33,430

47,387 33,045 56.3 16.0 16.3 11.4

1,314,691 3,441,231 29.0 11.6 16.4 43.0

352,104 495,174 46.4 13.5 16.7 23.4

181,733 180,398 59.1 14.8 13.1 13.0

166,022 145,186 56.9 15.8 14.6 12.7

156,496 200,771 54.6 13.0 14.2 18.2

229,621 341,203 39.3 14.1 18.8 27.8

52,258 47,129 45.6 15.6 20.4 18.4

197,679 311,340 39.2 13.0 18.6 29.2

572,789 1,240,884 26.4 11.5 19.6 42.5

610,083 1,268,862 33.0 11.8 17.9 37.3

237,396 496,562 42.7 11.2 14.9 31.2

81,538 50,350 59.7 15.3 15.5 9.5

478,244 1,003,341 38.9 11.6 16.0 33.5

72,702 50,056 52.5 19.3 16.7 11.5

138,203 146,839 54.7 15.9 14.3 15.1

29,339 27,989 44.2 17.9 19.4 18.5

32,933 29,494 45.0 15.6 20.8 18.6

521,398 658,218 41.5 14.6 19.4 24.5

48,905 27,688 54.6 16.2 18.6 10.6

3,057,215 12,528,963 17.6 8.0 14.6 59.8

225,633 287,445 44.4 13.0 18.7 23.9

37,836 22,475 67.1 15.2 11.1 6.6

842,262 1,861,239 32.9 11.3 17.4 38.4

197,309 429,450 41.5 12.0 14.6 31.9

168,072 215,953 45.8 13.8 17.7 22.7

1,123,942 2,617,514 32.8 11.6 16.7 38.9

82,720 157,954 26.0 12.3 21.2 40.5

98,921 98,814 50.6 14.6 17.4 17.4

41,015 17,578 67.2 16.4 11.5 4.9

198,419 313,547 45.0 11.7 16.8 26.5

1,004,050 1,638,125 41.6 13.2 17.2 28.0

59,265 150,339 34.9 10.4 15.5 39.2

17,197 14,355 54.8 14.8 16.6 13.8

216,815 290,895 47.3 13.1 16.9 22.7

229,066 345,476 43.3 13.8 17.1 25.8

102,517 103,694 51.5 12.9 17.7 17.9

301,579 489,487 41.4 13.1 17.3 28.2

35,267 22,827 50.9 17.9 18.9 12.3

ooDEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 46. D is t r ib u t io n o f s a v in g s a n d T im e D epo sits o f 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 co r d in g to Siz e of A c c o u n t, I n su r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t a n d sta t e

Deposits (in thousands) in accounts of— Percent of total deposits in accounts of—

FDIC District and State

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Total United States............................................... $44,104,582 $33,674,023 $6,136,858 $2,255,021 $2,038,680 76.4% 13.9% 5.1% 4.6%

Continental U. S................................................ 43,984,331 33,581,709 6,123,096 2,246,241 2,033,285 76.4 13.9 5.1 4.6

Other areas............................................................ 120,251 92,314 13,762 8,780 5,395 76.8 11.4 7.3 4.5

FDIC District

1,900,282 1,645,606 166,458 39,514 F48,704 86.6 8.7 2.1 2.6

6,919,289 5,336,053 707,198 205,861 670,177 77.1 10.2 3.0 9.7

6,462,041 5,261,726 776,333 252,356 171,626 81.4 12.0 3.9 2.7

2,403,457 1,918,284 288,887 108,148 88,138 79.8 12.0 4.5 3.7

1,497,203 1,139,812 216,347 81,524 59,520 76.1 14.5 5.4 4.0

District 6 ............................................................ 2,034,254 1,588,261 284,027 112,863 49,103 78.1 14.0 5.5 2.4

5,382,164 4,431,186 671,397 205,191 74,390 82.3 12.5 3.8 1.4

District 8 . . . ........................................................ 4,408,240 3,425,434 689,083 216,398 77,325 77.7 15.6 4.9 1.8

District 9 . ........................................................... 1,443,395 1,214,226 172,955 44,813 11,401 84.1 12.0 3.1 .8

District 10............................................................ 1,127,834 862,499 172,862 66,335 26,138

180,603

76.5 15.3 5.9 2.3

1,645,166 1,110,930 227,591 126,042 67.5 13.8 7.7 11.0

8,881,257 5,740,006 1,763,720 795,976 581,555 64.6 19.9 9.0 6.5

State

339,327 266,477 49,286 19,411 4,153 78.6 14.5 5.7 1.2

176,727 121,593 33,353 15,468 6,313 68.8 18.9 8.7 3.6

161,978 123,510 22,454 11,283 4,731 76.2 13.9 7.0 2.9

7,068,304 4,387,385 1,477,184 689,811

24,804

513,924 62.1 20.9 9.8 7.2

359,557 265,613 58,839 10,301 73.9 16.4 6.9 2.8

487,860 425,491 52,566 4,604 5,199 87.2 10.8 .9 1.1

83,862 64,587 13,715 4,596 964 77.0 16.4 5.5 1.1

District of Columbia......................................... 274,324 181,167 28,363 16,783 48,011 66.1 10.3 6.1 17.5

561,259 405,028 85,671 29,135 41,425 72.1 15.3 5.2 7.4

426,165 335,275 57,130 22,149 11,611 78.7 13.4 5.2 2.7

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho..................................................................... 164,028 114,202 35,566

Illinois................................................................... 3,714,871 2,858,011 591,139

Indiana................................................................. 1,124,298 927,668 143,640

693,369 567,423 97,944

Kansas.................................................................. 276,480 218,623 42,363

Kentucky............................................................. 288,357 233,702 38,901

Louisiana.............................................................. 370,848 303,883 45,040

Maine.................................................................... 210,462 179,183 20,768

Maryland............................................................. 481,855 395,265 63,038

Massachusetts. .................................................. 661,594 578,572 38,256

Michigan.............................................................. 2,862,343 2,309,573 376,072

Minnesota............................................................ 1,047,792 901,111 110,559

Mississippi........................................................... 170,452 133,032 24,260

Missouri............................................................... 933,964 764,595 112,478

Montana.............................................................. 133,521 102,704 22,764

Nebraska.............................................................. 162,309 138,227 18,457

Nevada................................................................. 85,451 57,978 17,117

New Hampshire................................................. 83,563 70,590 10,006

New Jersey.......................................................... 2,254,067 1,953,414 229,318

New Mexico........................................................ 94,246 62,092 14,695

New York............................................................ 4,502,851 3,259,953 456,261

North Carolina................................................... 410,372 341,337 43,438

North Dakota..................................................... 124,136 99,444 19,784

2,988,293 2,409,416 382,774

Oklahoma............................................................ 255,960 190,647 39,737

Oregon.................................................................. 605,765 442,149 100,279

Pennsylvania...................................................... 3,473,748 2,852,310 393,559

Rhode Island...................................................... 282,421 242,488 26,554

South Carolina................................................... 115,065 93,838 12,592

South Dakota..................................................... 137,946 110,967 19,848

Tennessee............................................................. 649,955 466,454 110,194

Texas..................................................................... 1,003,345 623,362 134,503

Utah...................................................................... 251,978 191,738 35,851

174,382 149,282 18,308

Virginia................................................................ 807,580 648,487 105,431

Washington......................................................... 663,989 512,339 91,865

West Virginia...................................................... 314,261 258,190 36,025

Wisconsin............................................................. 1,395,523 1,193,945 151,685

Wyoming.............................................................. 73,528 49,389 13,466

10,839 3,421 69.6 21.7 6.6 2.1

191,139 74,582 76.9 15.9 5.2 2.0

39,642 13,348 82.5 12.8 3.5 1.2

25,259 2,743 81.8 14.1 3.7 .4

12,792 2,702 79.1 15.3 4.6 1.0

12,906 2,848 81.0 13.5 4.5 1.0

16,777 5,148 82.0 12.1 4.5 1.4

7,632 2,879 85.1 9.9 3.6 1.4

16,548 7,004 82.0 13.1 3.4 1.5

10,629 34,137 87.4 5.8 1.6 5.2

129,199 47,499 80.7 13.1 4.5 1.7

28,748 7,374 86.0 10.6 2.7 .7

10,829 2,331 78.0 14.2 6.4 1.4

38,554 18,337 81.9 12.0 4.1 2.0

7,173 880 76.9 17.0 5.4 .7

5,122 503 85.2 11.4 3.1 .3

7,491 2,865 67.8 20.0 8.8 3.4

2,383 584 84.5 12.0 2.8 .7

52,200 19,135 86.7 10.2 2.3 .8

8,776 8,683 65.9 15.6 9.3 9.2

141,954 644,683 72.4 10.1 3.2 14.3

18,072 7,525 83.2 10.6 4.4 1.8

4,456 452 80.1 15.9 3.6 .4

130,769 65,334 80.6 12.8 4.4 2.2

16,411 9,165 74.5 15.5 6.4 3.6

43,489 19,848 73.0 16.5 7.2 3.3

121,587 106,292 82.1 11.3 3.5 3.1

9,130 4,249 85.9 9.4 3.2 1.5

4,407 4,228 81.6 10.9 3.8 3.7

4,436 2,695 80.4 14.4 3.2 2.0

50,120 23,187 71.8 16.9 7.7 3.6

85,021 160,459 62.1 13.4 8.5 16.0

9,317 15,072 76.1 14.2 3.7 6.0

5,136 1,656 85.6 10.5 2.9 1.0

37,505 16,157 80.3 13.1 4.6 2.0

33,360 26,425 77.2 13.8 5.0 4.0

14,833 5,213 82.1 11.5 4.7 1.7

36,350 13,543 85.5 10.9 2.6 1.0

7,206 3,467 67.2 18.3 9.8 4.7

00

CODEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 47. D is t r ib u t io n of D e m a n d D e p o sit s 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 c c o u n t, I n su r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

b a n k s gr o u p e d b y a m o u n t of d e p o sits

Size group

Deposits (in thousands) in accounts of—

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Percent of total deposits in accounts of—

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Demand deposits— total..............

Banks with deposits of—

Less than $250,000........................

$250,000 to $500,000.....................

$500,000 to $1,000,000.................

$1,000,000 to $2,000,000..............

$2,000,000 to $5,000,000..............

$5,000,000 to $10,000,000...........

$10,000,000 to $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..

$1,000,000,000 to $2,500,000,000

$2,500,000,000 or more.................

Percent of total...........................

Banks with deposits of—

Less than $250,000........................

$250,000 to $500,000.....................

$500,000 to $1,000,000.................

$1,000,000 to $2,000,000..............

$2,000,000 to $5,000,000..............

$5,000,000 to $10,000,000...........

$10,000,000 to $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..

$1,000,000,000 to $2,500,000,000

$2,500,000,000 or more.................

$100,122,450

3,301

88,311

720,252

2,538,465

7,705,905

7,693,271

10,227,032

7,364,356

7,218,221

10,789,593

10,480,767

8,950,583

11,461,574

14,880,819

100.0%

0)

.1

.7

2.5

7.7

7.7

10.2

7.4

7.2

10.8

10.5

8.9

11.4

14.9

$34,867,618

3.004

76,399

592,713

1,937,350

5,302,093

4,553,592

5,063,004

2,997,062

2,416,651

3,040,823

2,335,341

1,989,487

1,608,730

2,951,369

100.0%

0)

.2

1.7

5.6

15.2

13.1

14.5

8.6

6.9

8.7

6.7

5.7

4.6

8.5

$11,709,039

266

9,293

87,758

359,140

1,217,412

1,262,393

1,630,689

1,116,827

976,391

1,254,038

1,022,801

806,725

777,976

1,187,330

100.0%

0)

.1

.8

3.1

10.4

10.8

13.9

9.5

8.3

10.7

8.7

6.9

6.7

10.1

$16,491,258

31

2,619

35,937

197,750

879,812

1,196,224

1,926,975

1,541,121

1,554,127

2,173,403

1,895,700

1,480,644

1,507,363

2,099,552

100.0%

0)

0)

.2

1.2

5.3

7.3

11.7

9.3

9.4

13.2

11.5

9.0

9.2

12.7

$37,054,535

3,844

44,225

306,588

681,062

1,606,364

1,709,346

2,271,052

4,321,329

5,226,925

4,673,727

7,567,505

8,642,568

100.0%

0)

.1

1.8

4.4

4.6

6.1

11.7

14.1

12.6

20.4

23.4

34.8%

91.0

86.5

82.3

76.3

68.8

59.2

49.5

40.7

33.5

28.2

22.3

22.2

14.0

19.8

11.7%

8.1

10.5

12.2

14.2

15.8

16.4

16.0

15.2

13.5

11.6

9.7

9.0

6.8

8.0

16.5%

.9

3.0

5.0

7.8

11.4

15.5

18.8

20.9

21.5

20.1

18.1

16.6

13.2

14.1

37.0%

.5

1.7

4.0

8.9

15.7

23.2

31.5

40.1

49.9

52.2

66.0

58.1

i Less than .05 percent.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 48. D is t r ib u t io n of Sa v in g s a n d T im e D e p o sit s o f 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 cco r d in g to size of A c co u n t, I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955

BANKS GROUPED BY AMOUNT OF DEPOSITS

Deposits (in thousands) in accounts of— Percent of total deposits in accounts of—

Size group

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$44,104,582

700

$33,674,023

595

$6,136,858

105

$2,255,021 $2,038,680 76.4% 13.9% 5.1% 4.6%

Banks with deposits of—

85.0 15.0

$250,000 to $500,000............................................ 19,758 17,562

237,761

1,014,225

1,792 269 135 88.9 9.1 1.3 .7

$500,000 to $1,000,000......................................... 271,172

1,189,108

4,364,767

28,461

145,634

577,767

4,247 703 87.7 10.5 1.6 .2

$1,000,000 to $2,000,000..................................... 26,559

137,764

2,690 85.3 12.3 2.2 .2

$2,000,000 to $5,000,000..................................... 3,624,645 24,591 83.0 13.2 3.2 .6

$5,000,000 to $10,000,000................................... 4,772,080

6,512,482

4,157,132

3,332,808

4,395,949

3,163,667

3,632,805

2,947,358

5,344,796

100.0%

0 )

0)

.6

3,910,572

5,336,666

625,305 183,186 53,017 82.0 13.1 3.8 1.1

$10,000,000 to $25,000,000................................. 813,215 262,099 100,502 81.9 12.5 4.0 1.6

$25,000,000 to $50,000,000................................. 3,329,976

2,630,891

3,386,205

2,370,081

2,363,920

2,060,489

3,390,435

100.0%

0).1

528,647 187,475

162,801

111,034 80.1 12.7 4.5 2.7

$50,000,000 to $100,000,000.............................. 413,559 125,557 78.9 12.4 4.9 3.8

$100,000,000 to $250,000,000............................ 579,245 228,197 202,302 77.0 13.2 5.2 4.6

$250 000 000 to $500,000,000............................ 406,909 196,144 190,533 74.9 12.9 6.2 6.0

$500 000,000 to $1,000,000,000......................... 699,376

447,932

868,911

100.0%

0 )

0 )

.5

276,030 293,479 65.1 19.2 7.6 8.1

$1 000,000,000 to $2,500,000,000..................... 204,601 234,336 69.9 15.2 6.9 8.0

$2 500,000,000 or more........................................ 385,649 699,801 63.4 16.3 7.2 13.1

Percent of total ............................................. 100.0% 100.0%

Banks with deposits of—

Less than $250 000 ....................

$250 000 to $500,000 ........................ 0)

.2

(l)

0)

.1

$500 000 to $1 000 000 ............................ .7

$1 000 000 to $2,000,000..................................... 2.7 3.0 2.4 1.2

$2 000 000 to $5 000 000 . . . . 9.9 10.8 9.4 6.1 1.2

$5 000 000 to $10 000,000 .................... 10.8 11.6 10.2 8.1 2.6

$10 000 000 to $25 000 000 . . . 14.8 15.8 13.3 11.6 4.9

$25 000*000 to $50,000,000 .............................. 9.4 9.9 8.6 8.3 5.5

$50*000*000 to $100,000,000 ........................ 7.6 7.8 6.7 7.2 6.2

$100 000 000 to $250,000,000 ................. 10.0 10.1 9.4 10.1 9.9

$250 000 000 to $500,000,000 ................... 7.2 7.0 6.6 8.7 9.4

$500 000 000 to $1 000 000,000 8.2 7.0 11.4 12.3 14.4

$1 000 000 000 to $2,500,000,000 6.7 6.1 7.3 9.1 11.5

$2 500 000,000 or more ...................................... 12.1 10.1 14.2 17.1 34.3

1 Less than .05 percent.

DEPOSITS IN INSURED COMMERCIAL BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
00

o

D e t a i l e d T a b l e s : D i s t r i b u t i o n o f A c c o u n t s a n d D e p o s it s b y S iz 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 y i n g s B a n k s

Table 49. D is t r ib u t io n o f A c c o u n t s A c co r d in g to Siz e , I n s u r e d M u t u a l Sa y in g s B a n k s , Se p t e m b e r 21, 1955

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t , s t a t e , a m o u n t o f

d e p o s it s, p o p u l a t io n of c e n t e r , a n d pe r c en t of d e p o sit s in s u r e d ; a n d a c c o u n t s b y t y p e

Number of accounts Percent of total accounts

Classification Number

of banks

Total $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

United States................................................. 220 15,144,947 14,876,105 264,761 3,895 186 98.2% 1.8% 0 )% 0)%

FDIC District

District 1 ................................................... 38 687,443 678,274 8,693 471 5 98.7 1.2 .1 0)

District 2 .................................................. 153 11,535,936 11,320,808 214,142 958 28 98.1 1.9 0 ) 0)

District 3 ................................................... 10 1,858,359 1,828,204 28,151 1,874 130 98.4 1.5 .1 (x)

District 4 ................................................... 7 521,368 514,814 5,978 558 18 98.8 1.1 .1 0 )

District 7 ................................................... 6 63,462 62,751 672 34 5 98.9 1.0 .1 0)

1 211,417

266,962

78,378

19,985

30,824

209,810

261,444

76,592

1,607

5,518

1,770

99.2 .8

5

5

97.9 2.1

State 16 97.7 2.3 0 )

1 19,541

30,339

438 6 97.8 2.2 C1)

3 457 23 5 98.4 1.5 .1 0 )

9 65,761

521,368

65,134

514,814

586 41 99.0 .9 .1

7 5,978 558 18 98.8 1.1 .1 0)

1 211,417

204,388

209,810

200,767

1,607

3,302

99.2 .8

12 315 4 98.2 1.6 .2 0 )

New Jersey............................................... 23 840,831

10,675,120

826,739 13,472 603 17 98.3 1.6 .1 0 )

129 10,474,528

395,056

200,232 349 11 98.1 1.9 C1)

3 400,938 5,149 631 102 98.5 1.3 .2 0 )

1 15,045 14,534

1,433,148

511 96.6 3.4

7 1,457,421 23,002 1,243 28 98.3 1.6 .1 (!)

5 228,263 226,332 1,901 30 99.2 .8 C1)

7 110,653

251,917

32,638

109,449

246,910

32,412

1,134

5,007

215

69 1 98.9

98.0

99.3

1.0

2.0

.1 0 )

4

3 11 .7 0 )

fed eral deposit in su r a n c e c o r p o r a t io n

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Banks with deposits of—

$500,000 to $1,000,000..............

$1,000,000 to $2,000,000.........

$2,000,000 to $5,000,000.........

$5,000 000 to $10,000,000____

$10,000,000 to $25,000,000___

$25,000,000 to $50,000,000..................

$50,000,000 to $100,000,000................

$100,000,000 to $250,000,000.............

$250,000,000 to $500,000,000.............

$500,000,000 to $1,000,000,000..........

$1,000,000,000 to $2,500,000,000. . .

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 or more.........

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............................

U. S. Government accounts............

State and political subdivision accounts ................................................

Uninvested trust funds.....................

Drafts....................................................

Other items..........................................

2146

526

8,967

46,100

245,942

608,116

510

8,925

45,600

242,796

597,472

16

38

470

3,067

10,519

1,091,078

1,806,828

4,149,511

4,293,021

2,342,098

552,760

1,071,922

1,780,090

4,087,828

4,208,070

2,296,452

536,440

18,663

26,225

60,902

83,606

44,999

16,256

10,135

94,204

66,951

132,199

10,012

91,811

65,714

130,462

123

2,376

1,230

1,693

447,516

680,519

543,714

961,813

440,485

667,887

534,860

944,982

6,870

12,322

8,590

16,745

1,032,234

1,717,978

1,374,631

8,083,053

1,015,463

1,690,052

1,353,590

7,930,787

16,455

26,576

19,836

151,945

14,489,579

655,368

14,230,403

645,702

256,158

8,603

82,635

14,446,234

533

1,596

82,143

14,179,191

486

1,575

345

263,518

36

15

1,534

4,596

199,700

408,119

1,257

4,524

199,440

407,489

172

62

229

384

1 Less than .05 percent.

4

30

77

2

118 7

477 16

498 15

746 35

1,240 105

645

2

60

4

177

43

1

160

1

302 8

250 14

82

4

307

9

1,237 113

1,179 26

311 10

2,958 60

937 126

119 28

3,406 119

116

73 32

10

31

239 7

97.0 3.0

99.6 .4 0 )

98.9 1.0 .1

98.7 1.3 0 ) 0)

98.3 1.7 0 ) C1)

98.3 1.7 0 ) O1)

98.5 1.5 0) C1)

98.5 1.5 0)

98.0 2.0 0)

h

98.1 1.9 0) 0)

97.1 2.9 C1) 0)

98.8 1.2

97.5 2.5 0)

98.2 1.8 C1)

98.7 1.3 0) C1)

98.4 1.6 C1) I1)

98.2 1.8 0) 0)

98.4 1.6 0) 0)

98.3 1.7 C1) 0)

98.4 1.6 C1) V1)

98.4 1.5 .1 0)

98.5 1.4 .1 0)

98.1 1.9 0) 0)

98.2 1.8 0) C1)

98.5 1.3 .2

w

99.4 .4 .2 I1)

98.2 1.8 (*) 0)

91.2 6.7 2.1

98.7 .9 .4

81.9 11.2 4.8 2.1

98.4 1.4 .2

99.9 .1 (>)

99.8 .1 .1 0)

ACCOUNTS AND DEPOSITS OF INSURED MUTUAL SAYINGS BANKS 87

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
00

oo

Table 50. D is t r ib u t io n o f D e p o s it s A cco r d in g to Siz e of 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 , Se p t e m b e r 21, 1955 

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t , s t a t e , a m o u n t of

d e p o s it s, p o p u l a t io n o f c e n t e r , a n d p e r c e n t of d e p o sit s in 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 ofTotal $10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

Percent of total deposits in accounts of—

$10,000

or less

$10,000

to

$25,000

$25,000

to

$100,000

More

than

$100,000

United States— total

FDIC District

District 1 ...............

District 2 ..............

District 3 ..............

District 4 ..............

District 7 ..............

District 9 ..............

District 12............

State

Connecticut..........

Delaware...............

Indiana..................

Maine....................

Maryland..............

Minnesota.............

New Hampshire..

New Jersey...........

New York.............

Ohio.. ...................

Oregon. : ...............

Pennsylvania. . . .

Rhode Island. . . .

Vermont................

Washington..........

Wisconsin..............

$20,937,417

673,289

17,355,165

1,827,578

479,471

58,987

229,101

313,826

105,534

24,619

40,030

50,202

479,471

229,101

226,316

991,184

16,339,362

374,015

29,379

1,453,563

182,324

108,913

284,447

18,957

$17,602,667

540,874

14,819,017

1,349,621

376,989

48,146

212,579

255,441

80,809

18,833

32,299

41,028

376,989

212,579

169,957

796,600

14,003,584

249,382

23,951

1,100,239

157,036

92,044

231,490

15,847

$3,146,533

113,780

2,497,218

373,543

78,636

8,449

16,522

58,385

24,155

5,579

5,709

7,630

78,636

16,522

43,660

173,275

2,318,364

67,166

5,428

306,377

24,290

14,045

52,957

2,740

$139,494

18,067

33,649

66,105

20,306

1,367

$48,723

5,281

38,309

3,540

1,025

570

207

997

1,544

20,306

1,025

3,540

12,241

17,790

15,652

24,823

458

3,519

1,762

32,644

41,282

998

5,665

2,714 110

370

84.1%

80.3

85.4

73.9

78.6

81.6

92.8

81.4

76.6

76.5

80.7

81.7

78.6

92.8

75.1

80.4

85.7

66.7

81.5

75.7

86.1

84.5

81.4

83.6

15.0%

16.9

14.4

20.4

16.4

14.3

7.2

18.6

22.9

22.7

14.3

15.2

16.4

7.2

19.3

17.5

14.2

18.0

18.5

21.1

13.3

12.9

18.6

14.5

.7% 2%

2.7 .1

.2 0 )

3.6 2.1

4.3 .7

2.3 1.8

.0

2.5

3.1

4.2

2.5

.8

5.4 .2

1.8 .3

.1 0 )

6.6 8.7

2.8 .4

.6

2.5 .1

1.9

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Batiks with deposits of—

$500,000 to $1,000,000....................................

$1,000,000 to $2 ,000,000.................................

$2,000,000 to $5,000,000.................................

$5,000,000 to $10,000,000..............................

$10,000,000 to $25,000,000............................

$25,000,000 to $50,000,000............................

$50,000,000 to $100,000,000..........................

$100,000,000 to $250,000,000........................

$250,000,000 to $500,000,000........................

$500,000,000 to $1,000,000,000.....................

$1,000,000,000 to $2,500,000,000.................

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 250,0 0 0 .........................................

250.000 to 500,000............................................

500.000 to 1,000,000.........................................

1,000,000 to 2,500,000.....................................

2.500.000 or more..............................................

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...........................................

U . S. Government accounts.........................

State and political subdivision accounts. . .

Uninvested trust funds....................................

Drafts...................................................................

Other items..........................................................

892 704 188

5,280 4,635 505

39,543 32,457 5,967

248,039 207,628 37,233

734,955 606,778 122,505

1,351,784 1,099,461 231,004

2,183,996 1,850,474 313,507

5,114,521 4,361,961 718,203

6,401,390 5,333,432 989,709

3,610,751 3,050,204 539,509

1,246,266 1,054,933 188,203

8,672 7,210 1,462

146,777 118,161 28,016

91,512 76,939 14,271

138,995 116,695 20,346

479,346 388,223 85,290

828,886 667,198 150,336

643,558 525,083 105,092

1,153,111 949,868 199,822

1,151,374 946,987 193,362

1,934,759 1,509,717 344,666

1,306,415 999,067 262,734

13,054,012 11,297,519 1,741,136

20,337,873 17,191,994 3,032,505

599,544 410,673 114,028

43,508 25,692 5,067

20,741,383 17,470,028 3,128,060

2,396 1,425 551

973 418 261

21,530 1,810 2,354

3,868 2,404 1,004

51,502 46,804 3,213

72,257 54,086 6,023

1 Less than .05 percent.

140

1,119

2,685

4,520

493

1,152

16,843

17,604

27,406

45,957

20,625

2,595

4,476

2,411

6,951

32,292

413

535

600

302

1,651 303

5,643

10,029

9,853

2,585

190

1,323

3,530

836

9,022

46,572

39,160

14,077

2,003

33,804

5,454

1,280

102,828

36,666

10,546

38,177

5,461

117,248

420

7,288

26,047

294

3,205

460

14,161

1,485

10,921 1.227

78.9 21.1

87.8 9.6 2.6

82.1 15.1 2.8

83.7 15.0 1.1 .2

82.6 16.7 .6 .1

81.3 17.1 1.3 .3

84.7 14.4 .8 .1

85.3 14.1 .5 .1

83.3 15.5 .7 .5

84.5 14.9 .6 0 )

84.6 15.1 .2 .1

83.1 16.9

80.5 19.1 .4

84.1 15.6 .3

84.0 14.6 1.2 .2

81.0 17.8 1.2 (5)

80.5 18.1 1.2 .2

81.6 16.3 1.5 .6

82.4 17.3 .2 .1

82.2 16.8 .8 .2

78.0 17.8 2.4 1.8

76.5 20.1 3.0 .4

86.6 13.3 .1 0)

84.5 14.9 .5 .1

68.5 19.0 6.1 6.4

59.0 11.6 12.6 16.8

84.2 15.1 .6 .1

59.5 23.0 17.5

43.0 26.8 30.2

8.4 10.9 14.9 65.8

62.1 26.0 11.9

90.9 6.2 2.9

74.9 8.3 15.1 1.7

ACCOUNTS AND DEPOSITS OF INSURED MUTUAL SAVINGS BANKS 89

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
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 S p e c if ie d A m o u n t s o f C o v e r a g e

T a b le 5 1. A c c o u n ts F u l l y P r o t e c t e d an d D e p o s its In su re d w ith S p e c ifie d A m o u n ts o f M axim um C o v e r a g e ,

I n s u r e d C o m m e r c ia l B a n k s, Se p t e m b e r 21, 1955

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 sit in s u r a n c e c o r p o r a tio n d is t r ic t a n d s t a t 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—

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000

Total United States............................ 112,551,274 113,885,370 114,399,060 98.2% 99.4% 99.9% $91,463,650 $107,914,207 $131,661,632 50.3% 59.3% 72.4%

Continental U. S............................. 112,151,159 113,482,423 113,995,039 98.2 99.4 99.9 91,243,364 107,659,219 131,359,449 50.3 59.3 72.4

Other areas........................................ 400,115 402,947 404,021 98.9 99.7 99.9 220,286 254,988 302,183 56.3 65.1 77.2

FDIC District

5,932,421 5,991,779 6,019,057 98.4 99.4 99.9 4,312,385 5,150,263 6,420,594 49.7 59.4 74.0

District 2 .......................................... 15,977,475 16,189,163 16,290,674 97.8 99.1 99.7 14,385,103

11,738,703

17,598,436 23,180,337 34.9 42.7 56.3

District 3 .......................................... 14,465,974 14,623,553 14,682,590 98.4 99.5 99.9 13,625,409 16,333,976 54.2 62.9 75.5

District 4 .......................................... 8,382,886 8,457,074 8,487,296 98.7 99.5 99.9 5,612,657

4,364,880

6,561,592 7,929,047 55.7 65.1 78.6

District 5 .......................................... 5,821,763 5,887,045 5,913,396 98.3 99.4 99.9 5,182,726 6,302,399 56.3 66.9 81.3

District 6 .......................................... 7,135,364 7,212,750 7,244,678 98.4 99.4 99.9 5,565,702

9,209,411

6,557,588 8,018,876 54.0 63.6 77.8

District 7.......................................... 10,989,442 11,109,691 11,149,689 98.5 99.5 99.9 10,506,237 12,236,461 60.9 69.5 81.0

District 8 .......................................... 9,214,790 9,351,492 9,399,867 97.9 99.3 99.8 8,847,966 10,434,616 12,670,383 51.0 60.1 73.0

District 9 .......................................... 3,589,888 3,632,252 3,646,530 98.3 99.5 99.9 3,321,472 3,788,113 4,390,304 63.9 72.8 84.4

District 10........................................ 4,747,323 4,811,070 4,834,002 98.1 99.4 99.9 4,135,873 4,867,375

7,336,270

5,854,849 56.1 66.0 79.4

District 11........................................ 7,525,466 7,621,405 7,663,433 98.0 99.3 99.8 6,045,340 9,241,855 48.0 58.3 73.5

District 12........................................ 18,768,482 18,998,096 19,067,848 98.3 99.5 99.9 13,924,158 16,305,582 19,082,551 56.6 66.3 77.6

State

1,376,414 1,389,291 1,394,414 98.6 99.5 99.9 919,550 1,077,294 1,298,110 58.4 68.5 82.5

500,809 507,689 509,933 98.1 99.5 99.9 415,981 487,336 569,466 59.1 69.2 80.9

786,440 794,944 798,389 98.4 99.5 99.9 598,886 702,269 831,809 64.3 75.4 89.3

14,600,109 14,776,043 14,828,385 98.4 99.6 99.9 10,308,578 12,123,898 14,203,859 55.3 65.0 76.2

960,919 975,331 980,331 97.9 99.3 99.9 888,165 1,049,803 1,265,572 55.1 65.1 78.5

1,457,727 1,473,799 1,479,839 98.4 99.5 99.9 1,128,512 1,323,759 1,585,854 54.5 63.9 76.6

315,183 319,182 320,969 98.0 99.3 99.8 257,028 311,496 389,084 45.8 55.5 69.3

District of Columbia..................... 701,008 709,934 714,070 98.0 99.2 99.8 617,976 744,039 931,188 45.6 54.8 68.6

1,854,701 1,882,297 1,892,792 97.8 99.3 99.9 1,672,852 2,000,112 2,425,159 55.6 66.5 80.7

1,719,200 1,735,399 1,742,950 98.5 99.4 99.9 1,168,102 1,401,366 1,754,655 51.9 62.3 77.9

federal deposit in su r an c e c o r p o r a t io n

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Idaho................................................. 377,443 383,539 385,255 97.9 99.5

Illinois............................................... 7,244,856 7,357,889 7,398,936 97.7 99.3

Indiana.............................................. 2,915,061 2,947,319 2,958,489 98.4 99.5

Iowa................................................... 1,969,934 1,993,603 2,000,931 98.3 99.5

Kansas............................................... 1,324,319 1,341,466 1,347,436 98.2 99.4

Kentucky......................................... 1,445,345 1,459,578 1,464,934 98.5 99.5

Louisiana.......................................... 1,629,171 1,645,816 1,653,203 98.4 99.4

Maine................................................ 620,619 625,139 626,762 99.0 99.7

Maryland.......................................... 1,542,267 1,556,711 1,562,358 98.6 99.5

Massachusetts................................. 2,545,917 2,573,869 2,589,598 98.1 99.2

Michigan........................................... 5,317,607 5,376,506 5,396,120 98.4 99.5

Minnesota......................................... 2,321,844 2,344,843 2,353,797 98.5 99.5

Mississippi........................................ 871,448 880,058 883,240 98.5 99.6

Missouri............................................ 3,053,709 3,089,016 3,104,450 98.2 99.3

Montana........................................... 418,437 426,042 428,339 97.6 99.4

Nebraska........................................... 919,075 932,245 936,768 98.0 99.4

Nevada.............................................. 192,813 195,774 196,882 97.8 99.3

New Hampshire.............................. 267,895 270,529 271,506 98.6 99.6

New Jersey....................................... 4,954,842 5,000,776 5,015,947 98.7 99.6

New Mexico..................................... 353,097 357,294 358,964 98.2 99.4

New York......................................... 10,439,135 10,599,499 10,683,470 97.3 98.9

North Carolina................................ 1,771,625 1,786,711 1,793,871 98.6 99.5

North Dakota................................. 391,323 396,903 398,268 98.2 99.6

Ohio................................................... 6,411,386 6,481,046 6,506,721 98.4 99.5

Oklahoma......................................... 1,337,991 1,353,451 1,359,650 98.3 99.4

Oregon............................................... 1,185,416 1,202,880 1,208,341 98.0 99.4

Pennsylvania................................... 8,054,588 8,142,507 8,175,869 98.4 99.5

Rhode Island................................... 665,936 671,424 673,674 98.8 99.6

South Carolina................................ 774,937 782,105 785,110 98.6 99.5

South Dakota.................................. 458,284 464,464 466,126 98.2 99.6

Tennessee......................................... 1,849,870 1,869,212 1,876,905 98.5 99.5

Texas................................................. 5,042,389 5,110,606 5,141,333 97.9 99.2

Utah................................................... 543,054 548,839 550,756 98.5 99.5

Vermont............................................ 374,327 377,019 377,678 99.1 99.8

Virginia............................................. 2,473,840 2,494,150 2,501,263 98.8 99.6

Washington...................................... 1,737,847 1,757,780 1,764,496 98.4 99.5

West Virginia.................................. 1,119,209 1,127,463 1,130,624 98.9 99.6

Wisconsin......................................... 2,756,774 2,785,866 2,795,080 98.6 99.6

Wyoming.......................................... 205,019 208,577 209,817 97.6 99.3

99.9 365,876 422,259 478,388 69.4 80.2 90.8

99.8 7,086,680 8,431,586 10,382,543 48.0 57.1 70.4

99.9 2,427,311 2,786,126 3,269,202 61.0 70.0 82.1

99.9 1,761,286 2,003,030 2,287,840 68.0 77.3 88.3

99.9 1,149,042 1,340,147 1,588,585 60.9 71.0 84.1

99.9 1,077,703 1,246,283 1,462,333 62.4 72.2 84.7

99.8 1,089,013 1,320,304 1,672,451 45.6 55.3 70.0

99.9 371,057 421,555 482,423 69.4 78.8 90.2

99.9 1,052,393 1,235,458 1,497,209 54.2 63.6 77.1

99.8 1,934,372 2,404,052 3,187,961 41.3 51.4 68.1

99.9 4,396,557 5,028,292 5,875,198 59.0 67.5 78.8

99.9 2,003,105 2,288,238 2,718,861 59.0 67.4 80.1

99.9 604,376 703,954 824,475 65.7 76.5 89.6

99.8 2,564,184 3,047,935 3,816,668 49.1 58.4 73.1

99.9 443,597 520,807 598,891 65.5 76.9 88.4

99.9 884,838 1,034,761 1,235,426 60.6 70.9 84.7

99.9 173,230 210,102 244,409 57.6 69.9 81.3

99.9 186,259 216,582 255,597 64.3 74.8 88.2

99.9 3,798,073 4,285,209 4,888,990 66.5 75.0 85.6

99.9 275,328 327,336 392,507 55.9 66.5 79.8

99.6 10,211,680 12,865,088 17,739,045 29.4 37.1 51.1

99.9 1,159,230 1,379,241 1,726,634 50.8 60.4 75.6

100.0 421,051 468,200 507,166 79.7 88.7 96.0

99.9 5,172,280 5,995,290 7,189,566 54.7 63.4 76.0

99.9 1,013,795 1,204,678 1,486,112 48.4 57.6 71.0

99.9 1,143,595 1,316,647 1,525,411 63.8 73.5 85.1

99.9 6,566,423 7,630,119 9,144,410 53.9 62.6 75.0

99.9 442,263 512,377 614,212 56.0 64.8 77.7

99.9 505,972 597,867 722,105 58.4 69.0 83.4

99.9 453,719 510,868 565,386 75.7 85.2 94.3

99.9 1,324,929 1,561,101 1,908,066 54.5 64.2 78.5

99.8 4,265,018 5,201,294 6,607,431 47.4 57.8 73.4

99.9 420,805 482,865 573,141 54.7 62.8 74.5

100.0 249,922 271,938 294,547 81.1 88.3 95.6

99.9 1,583,642 1,814,429 2,128,372 61.6 70.6 82.8

99.9 1,410,110 1,631,466 1,918,378 59.5 68.8 80.9

99.9 693,444 790,558 923,539 64.9 74.0 86.5

99.9 2,385,543 2,691,819 3,092,061 64.8 73.2 84.1

99.9 200,033 237,986 279,154 62.9 74.8 87.7

COINSURANCE PROTECTION WITH SPECIFIED COVERAGE

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 52. A c c o u n ts F u l l y P r o t e c t e d an d D e p o s its In su re d w ith S p e c ifie d A m o u n ts o f M axim um C o v e r a g e ,

In s u r e d C o m m ercia l B a n k s, S e p te m b e r 21, 1955

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,

CLASS, AND PERCENT OF DEPOSITS INSURED J 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—

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000

All insured commercial banks___ 112,551,274 113,885,370 114,399,060 98.2% 99.4% 99.9% $91,463,650 $107,914,207 $131,661,632 50.3% 59.3% 72.4%

Banks with deposits of—

Less than $250,000................................. 8,861 8,894 8,900 99.5 99.9 100.0 4,296 4,513 4,678 91.8 96.5 100.0

$250,000 to $500,000............................. 195,003 196,022 196,257

1,468,102

99.4 99.9 100.0 112,761 120,869 124,516 90.5 97.0 99.9

$500,000 to $1,000,000.......................... 1,455,307 1,465,709 99.1 99.8 100.0 1,008,571 1,091,866 1,143,321 87.9 95.1 99.6

$1,000,000 to $2,000,000...................... 4,796,046 4,839,051 4,849,403 98.9 99.8 100.0 3,631,964 3,988,388 4,261,694 84.1 92.4 98.7

$2,000,000 to $5,000,000...................... 14,351,521 14,493,887 14,532,535 98.7 99.7 100.0 11,104,093 12,370,609 13,509,410 79.6 88.6 96.8

$5,000,000 to $10,000,000.................... 14,064,856 14,207,259 14,250,201 98.6 99.6 99.9 10,662,417 12,054,581 13,560,596 73.4 83.0 93.4

$10,000,000 to $25,000,000.................. 17,584,967 17,765,773 17,825,214

10,423,757

98.6 99.6 99.9 13,267,626 15,183,902 17,461,332 67.5 77.2 88.8

$25,000,000 to $50,000,000.................. 10,257,579 10,378,154 98.3 99.5 99.9 8,323,886 9,743,878 11,561,765 59.9 70.1 83.1

$50,000,000 to $100,000,000............... 8,268,854 8,371,576

10,425,442

8,416,215 98.1 99.3 99.8 6,869,751 8,232,515 10,221,777 51.3 61.4 76.3

$100,000,000 to $250,000,000............. 10,290,037 10,488,374 97.9 99.2 99.8 8,933,188 10,889,474 14,059,957 43.5 53.0 68.5

$250,000,000 to $500,000,000............. 7,516,655 7,623,684 7,678,421 97.6 99.0 99.7 6,805,309 8,505,554 11,529,100 37.2 46.5 63.0

$500,000,000 to $1,000,000,000.......... 5,627,791 5,736,134 5,780,696

5,335,495

97.0 98.9 99.7 6,257,868 7,755,963 10,214,048 38.7 47.9 63.1

$1,000,000,000 to $2,500,000,000___ 5,200,929 5,291,460 97.1 98.8 99.6 5,403,309 6,835,863

11,136,232

9,491,854 28.6 36.1 50.2

$2,500,000,000 or more......................... 12,932,868 13,082,325 13,145,490 98.2 99.3 99.8 9,078,611 14,517,584 33.8 41.4 54.0

Banks in centers with population in 1950 of—

Less than 250........................................... 590,828 596,716 598,137 98.7 99.7 99.9 499,149 550,884 608,438 74.4 82.1 90.7

250 to 500................................................. 1,567,879 1,582,559 1,585,849

3,612,095

98.9 99.8 100.0 1,270,122 1,385,882 1,463,659 85.9 93.7 99.0

500 to 1,000............................................. 3,568,493 3,604,064 98.8 99.8 100.0 2,889,753 3,172,607 3,379,717 83.9 92.1 98.1

1,000 to 2,500.......................................... 7,931,594 8,011,429 8,031,922 98.7 99.7 100.0 6,308,682 6,993,047 7,569,639 80.9 89.7 97.1

2,500 to 5,000.......................................... 7,049,506 7,122,854 7,143,726 98.7 99.7 100.0 5,502,659 6,186,474 6,844,983 76.0 85.5 94.6

5,000 to 10,000........................................ 9,343,458 9,438,663 9,467,093 98.6 99.6 99.9 7,150,674 8,077,056 9,068,015 73.1 82.5 92.7

10,000 to 25,000...................................... 12,231,888 12,359,901 12,401,420 98.6 99.6 99.9 9,271,205 10,607,425 12,169,984 67.8 77.6 89.0

25,000 to 50,000 .................................... 9,347,936 9,446,156 9,481,111 98.5 99.5 99.9 7,086,780 8,191,797 9,567,385 63.5 73.4 85.8

50,000 to 100,000................................... 8,471,233 8,559,560 8,595,764 98.5 99.5 99.9 6,356,742 7,470,708 9,022,961 57.3 67.4 81.3

100,000 to 250,000................................. 10,975,475 11,095,985 11,148,986 98.3 99.4 99.8 8,363,302 10,000,364 12,488,117 48.4 57.9 72.3

250,000 to 500,000................................. 8,965,734 9,080,931 9,132,029 98.0 99.2 99.8 7,824,370 9,426,352 12,064,131 45.5 54.8 70.1

500,000 to 1,000,000.............................. 19,863,554 20,102,973 20,194,819 98.2 99.4 99.8 14,953,336 17,926,628 22,404,415 45.6 54.7 68.4

1,000,000 to 2,500,000..........................

2,500,000 or more...................................

4,966,021 5,044,337 5,076,250 97.6 99.1 99.8 4,796,476 5,869,753 7,450,698 42.8 52.3 66.4

7,677,675 7,839,242 7,929,859 96.3 98.3 99.4 9,190,400 12,055,230 17,559,490 24.8 32.5 47.4

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

100 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....................................

12,960

5,329,839

17,358,346

22,552,561

19,724,399

23,833,873

8,523,226

8,638,783

4,705,635

1,780,425

91,227

60,827,461

746,674

19,323,842

25,293,760

21,072,732

23,622,977

8,176,863

8,023,474

3,989,988

3,500,336

134,724

10,864,013

38,263,564

21,751,794

24,553,891

8,246,112

6,294,892

2,407,466

1,886,801

130,527

100.0

99.2

98.9

98.6

98.4

98.4

97.9

97.2

95.9

94.4

87.2

100.0

99.8

99.6

99.5

99.5

99.2

98.8

98.1

97.7

90.5

100.0

99.9

99.9

99.9

99.7

99.5

99.2

99.2

97.0

6,537

3,893,254

13,322,442

17,428,304

15,727,319

17,038,252

7,024,792

8,532,540

5,813,877

2,466,778

209,555

49,047,425

536,571

16,233,840

21,757,709

19,100,475

19,442,654

8,126,786

9,775,799

6,417,026

5,889,176

634,171

9,383,968

36,865,078

23,423,836

24,636,957

12,584,639

12,719,707

6,106,792

5,113,848

826,807

100.0

92.5

83.9

74.4

64.5

55.8

43.8

34.9

23.5

16.3

100.0

93.8

84.3

74.3

65.1

54.2

45.1

35.2

25.3

14.2

100.0

94.9

84.8

75.1

64.7

55.1

43.8

37.6

26.2

0 to 9 percent........................................... 6.9

Class of bank

National, members F. R. System___ 61,556,208 61,843,607 98.2 99.4 99.8 58,183,156 71,636,964 49.2 58.4 71.9

State, members F. R. System............. 25,781,306 26,135,340 26,289,594 97.9 99.2 99.8 23,012,728 27,954,537 35,809,645 41.2 50.1 64.1

Not members F. R. System................ 25,942,507 26,193,822 26,265,859 98.7 99.7 99.9 19,403,497 21,776,514 24,215,023 98.4 82.6 91.8

Type of account

Individual, partnership, and corporation accounts:

Demand................................................. 50,900,334 51,669,000 52,028,328 97.6 99.1 99.8 47,154,998 58,078,457 73,142,315 47.1 58.0 73.1

Savings and time................................ 52,279,285 52,739,289 52,793,770 99.0 99.9 100.0 38,878,353 41,321,606 42,660,702 88.2 93.7 96.7

Interbank accounts................................ 36,341 57,226 91,454 29.5 46.5 74.3 1,011,106 2,143,904 5,521,258 6.7 14.1 36.4

U. S. Government accounts................ 36,868 41,264 46,287 74.1 82.9 93.0 200,670 356,475 752,520 5.3 9.4 19.9

State and political subdivision accounts .................................................... 202,814 235,088 268,723 70.5 81.7 93.4 1,332,710 2,328,065 4,673,493 11.6 20.3 40.8

Uninvested trust funds......................... 962,797 987,380 1,000,744 95.9 98.3 99.6 1,155,579 1,549,665 2,115,409 36.8 49.3 67.4

Drafts......................................................... 645,580 655,086 662,059 97.2 98.7 99.7 474,325 665,128 983,224 36.4 51.0 75.4

Other items............................................... 7,487,255 7,501,037 7,507,695 99.7 99.9 100.0 1,255,909 1,470,907 1,812,711 45.0 52.7 65.0

1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96.

INSURANCE PROTECTION WITH SPECIFIED COVERAGE

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF DEPOSIT,

POPULATION OF CENTER IN WHICH LOCATED, AND PERCENT OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED BY TYPE ^

Table 53. 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 sits I n su r e d w it h S p e c if ie d A m o u n t s o f M a x im u m C o v e r a g e ,

I n s u 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 21, 1955

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— 1

Perci

ir

maxiim

ent of deposits

isured with

im coverage of— 1

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000

United States........................................ 14,876,105 15,140,866 15,144,761 98.2% 100.0% 100.0% $20,291,087 $20,851,225 $20,907,294 96.9% 99.6% 99.9%

FDIC District

678,274 686,967 687,438 98.7 99.9 100.0 632,564 666,554 673,221 94.0 99.0 100.0

11,320,808 11,534,950 11,535,908 98.1 100.0 100.0 16,970,297 17,340,885 17,352,684 97.8 99.9 100.0

1,828,204 1,856,355 1,858,229 98.4 99.9 100.0 1,651,171 1,773,264 1,802,269 90.3 97.0 98.6

514,814 520,792 521,350 98.8 99.9 100.0 442,529 470,025 477,731 92.3 98.0 99.6

62,751 63,423 63,457 98.9 99.9 100.0 55,256 57,570 58,462 93.7 97.6 99.1

209,810 211,417 211,417 99.2 100.0 100.0 228,649 229,101 229,101 99.8 100.0 100.0

District 12................................................. 261,444 266,962 266,962 97.9 100.0 100.0 310,621 313,826 313,826 99.0 100.0 100.0

State

76,592 78,362 78,378 97.7 100.0 100.0 98,669 105,364 105,534 93.5 99.8 100.0

Delaware................................................... 19,541 19,979 19,985 97.8 100.0 100.0 23,273 24,562 24,619 94.5 99.8 100.0

Indiana...................................................... 30,339 30,796 30,819 98.4 99.9 100.0 37,149 38,708 39,505 92.8 96.7 98.7

Maine......................................................... 65,134 65,720 65,761 99.0 99.9 100.0 47,298 49,683

470,025

50,202 94.2 99.0 100.0

514,814 520,792 521,350 98.8 99.9 100.0 442,529 477,731 92.3 98.0 99.6

Minnesota................................................. 209,810 211,417 211,417 99.2 100.0 100.0 228,649 229,101 229,101 99.8 100.0 100.0

New Hampshire...................................... 200,767 204,069 204,384 98.2 99.8 100.0 206,167 221,592 226,258 91.1 97.9 100.0

New Jersey............................................... 826,739 840,211 840,814 98.3 99.9 100.0 937,520 985,375 989,365 94.6 99.4 99.8

New York................................................. 10,474,528 10,674,760 10,675,109 98.1 100.0 100.0 16,009,504 16,330,948 16,338,700

351,571

98.0 99.9 100.0

395,056 400,205 400,836 98.5 99.8 100.0 308,202 334,873 82.4 89.5 94.0

14,534 15,045 15,045 96.6 100.0 100.0 29,061 29,379 29,379 98.9 100.0 100.0

1,433,148 1,456,150 1,457,393 98.3 99.9 100.0 1,342,969 1,438,391 1,450,698 92.4 99.0 99.8

226,332 228,233 228,263 99.2 100.0 100.0 176,346 182,076 182,324 96.7 99.9 100.0

Vermont .................................................. 109,449 110,583 110,652 98.9 99.9 100.0 104,084 107,839 108,903 95.6 99.0 100.0

246,910 251,917 251,917 98.0 100.0 100.0 281,560 284,447 284,447 99.0 100.0 100.0

32,412 32,627 32,638 99.3 100.0 100.0 18,107 18,862 18,957 95.5 99.5 100.0

Banks with deposits of—

$500,000 to $1,000,000.......................... 510 526 526 97.0 100.0 100.0 864 892 892 96.9 100.0 100.0

$1,000,000 to $2,000,000...................... 8,925 8,963 8,967 99.6 100.0 100.0 5,055 5,240 5,280 95.7 99.2 100.0

$2,000,000 to $5,000,000...................... 45,600 46,070 46,100 98.9 99.9 100.0 37,457 39,174 39,543 94.7 99.1 100.0

$5,000,000 to $10,000,000.................... 242,796 245,863 245,940 98.7 100.0 100.0 239,088 246,836 247,746 96.4 99.5 99.9

$10,000,000 to $25,000,000.................. 597,472 607,991 608,109 98.3 100.0 100.0 713,218 732,408 734,503 97.0 99.7 99.9

$25,000,000 to $50,000,000.................. 1,071,922 1,090,585 1,091,062 98.3 100.0 100.0 1,291,021 1,342,790 1,348,908 95.5 99.3 99.8

$50,000,000 to $100,000,000............... 1,780,090 1,806,315 1,806,813 98.5 100.0 100.0 2,117,854 2,176,806 2,183,085 97.0 99.7 100.0

$100,000,000 to $250,000,000............. 4,087,828 4,148,730 4,149,476 98.5 100.0 100.0 4,978,791 5,099,689 5,111,070 97.3 99.7 99.9

$250,000,000 to $500,000,000............. 4,208,070 4,291,676 4,292,916 98.0 100.0 100.0 6,182,942 6,356,766 6,379,598 96.6 99.3 99.7

$500,000,000 to $1,000,000,000.......... 2,296,452 2,341,451 2,342,096 98.1 100.0 100.0 3,506,664 3,605,888 3,610,538 97.1 99.9 100.0

$1,000,000,000 to $2,500,000,000----- 536,440 552,696 552,756 97.1 100.0 100.0 1,218,133 1,244,736 1,246,131 97.7 99.9 100.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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

10,012

91,811

65,714

130,462

10,135

94,187

66,944

132,155

10,135

94,204

66,951

132,198

98.8

97.5

98.2

98.7

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

8,440

142,091

89,309

134,065

8,672

146,602

91,385

138,141

8,672

146,777

91,512

138,792

97.3

96.8

97.6

96.5

100.0

99.9

99.9

99.4

100.0

100.0

100.0

99.9

10.000 to 25,000......................................

25.000 to 50,000......................................

50.000 to 100,000....................................

100.000 to 250,000..................................

440,485

667,887

534,860

944,982

447,355

680,209

543,450

961,727

447,515

680,511

543,700

961,809

98.4

98.2

98.4

98.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

458,533

793,518

613,623

1,118,178

477,538

825,284

636,775

1,151,840

479,256

828,363

641,428

1,152,675

95.6

95.7

95.3

97.0

99.6

99.6

98.9

99.9

100.0

99.9

99.7

100.0

250.000 to 500,000..................................

500.000 to 1,000,000..............................

1,000,000 to 2,500,000..........................

2.500.000 or more...................................

1,015,463

1,690,052

1,353,590

7,930,787

1,031,918

1,716,628

1,373,426

8,082,732

1,032,225

1,717,865

1,374,605

8,083,043

98.4

98.4

98.5

98.1

100.0

99.9

99.9

100.0

100.0

100.0

100.0

100.0

1,114,697

1,788,977

1,209,477

12,820,179

1,148,249

1,888,133

1,291,926

13,046,680

1,150,271

1,912,255

1,303,561

13,053,732

96.8

92.5

92.6

98.2

99.7

97.6

98.9

99.9

99.9

98.8

99.8

100.0

Banks with percent of deposits

insured of— 2

100 percent............................................... 4,540,990

10,251,412

348,464

10,289,552

4,855,209

100.0

100.0

99.8

100.0

100.0

6,565,041

13,977,600

308,584

14,327,827

6,579,467 90 to 99 percent......................................

80 to 89 percent......................................

70 to 79 percent..................................

14,230,403

645,702

98.2

98.5

19,783,753

507,334

97.3

84.6

100.0

99.6

89.4

100,0

99.5

Type of account

Individual, partnership, and corporation accounts:

Demand................................................

Savings and time................................

Interbank accounts................................

U. S. Government accounts................

State and political subdivision accounts ....................................................

Uninvested trust funds..........................

Drafts.........................................................

Other items...............................................

82,143

14,179,191

486

1,575

1,257

4,524

199,440

407,489

82,488

14,442,709

522

1,590

1,429

4,586

199,669

407,873

82,607

14,446,115

533

1.596

1,502

4.596

199,700

408,112

99.4

98.2

91.2

98.7

81.9

98.4

99.9

99.8

99.8

100.0

97.9

99.6

93.2

99.8

100.0

99.9

100.0

100.0

100.0

100.0

97.9

100.0

100.0

100.0

30,612

20,140,458

1,895

628

4,580

3,124

49,404

60,386

34,434

20,686,213

2,251

829

6,789

3,658

50,792

66,259

39,020

20,727,236

2,396

973

10,569

3,868

51,502

71,730

70.4

97.1

79.1

64.5

21.3

80.8

95.9

83.6

79.1

99.7

93.9

85.2

31.5

94.6

98.6

91.7

89.7

99.9

100.0

100.0

49.1

100.0

100.0

99.3

1 ®ecause of rounding to tenths of 1 percent, percentages shown as 100.0 may represent either complete coverage or a coverage of 99.5 percent <

2 lhe number of banks m each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96.

CO

Q~i INSURANCE PROTECTION WITH SPECIFIED COVERAGE

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Table 54. D is t r ib u t io n o f 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 of D ep o sit s

I n s u r e d u n d e r S pe cifie d A m o u n ts of M a x im u m C o v e r a g e , Se p t e m b e r 21, 1955

CD

O

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—

$10,000 $25,000 $100,000 $10,000 $25,000 $100,000

13,498 13,498 13,498 100.0% 100.0% 100.0%

Banks with percent of deposits insured of—

20 772 5,699 .2 5.7 42.2

2,735 6,315 5,811 20.3 46.8 43.0

4,581 3,844 1,308 33.9 28.5 9.7

3,468 1,560 401 25.7 11.5 3.0

1,587 561 169 11.8 4.2 1.3

638 239 72 4.7 1.8 .5

246 119 24 1.8 .9 .2

140 56 9 1.0 .4 .1

59 29 5 .4 .2 0)

1 H fn 1 Q ‘n o T P o n f ..................................................... 22 3 .2 0)

2 0)

Insured commercial banks ............................................................................... 13,278 13,278 13,278 100.0 100.0 100.0

Banks with percent of deposits insured of—

20 664 5,512 .2 5.0 41.5

2,521 6,204 5,778 19.0 46.7 43.5

4,575 3,843 1,308 34.4 29.0 9.9

3,468 1,560 401 26.1 11.8 3.0

1,587 561 169 12.0 4.2 1.3

638 239 72 4.8 1.8 .5

246 119 24 1.9 .9 .2

140 56 9 1.0 .4 .1

59 29 5 .4 .2 0 )

1 A f a "1Q t . .......................................................... 22 3 .2 0)

2 0)

220 220 220 100.0 100.0 100.0

Banks with percent of deposits insured of— 108 187 49.1 85.0

214 111 33 97.3 50.5 15.0

6 1 2.7 .4

i Less than .05 percent.

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
PART FOUR

LEGISLATION AND REGULATIONS

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F e d e r a l L e g is l a t io n

No Federal legislation directly affecting the Federal Deposit Insurance Corporation, 

or applicable to insured banks by virtue of their insured status, was enacted during 

1955.

R u l e s a n d R e g u l a t io n s o f t h e C o r p o r a t i o n

P a y m e n t o f D e p o s it s a n d I n t e r e s t t h e r e o n B y

I n s u r e d N o n m e m b e r B a n k s

The amendments of the rules and regulations of the Corporation, referred to on 

pages 17 and 18, are as follows:

1. Section 329.0 of the rules and regulations of the Corporation was amended, 

effective December 7, 1955, to read as follows:

§ 329.0 Scope. The regulation contained in this part relates to the payment of 

deposits and interest thereon by insured nonmember banks. This part is not applicable 

to banks which are members of the Federal Reserve System. Regulation Q (Part 217 

of this title), prescribed by the Board of Governors of the Federal Reserve System 

for banks which are members of that System, is not applicable to insured banks which 

are not members of the Federal Reserve System, except to the extent that the State 

law of a particular State provides otherwise. The provisions of this part do not apply 

to mutual savings banks, or to guaranty savings banks operating in the State of New 

Hampshire so long as said guaranty savings banks operate substantially under and 

pursuant to the laws of the State of New Hampshire pertaining to mutual savings 

banks and do not engage in commercial banking, or to any deposit in a bank located 

outside of, or payable only at a bank’s office which is located outside of, the States 

of the United States and the District of Columbia.

2. Paragraph (e) of Section 329.1 of the rules and regulations of the Corporation 

was amended, effective May 16, 1955, by the addition of the following subparagraph:

(5) The term “ savings deposit” also means a deposit evidenced by a written receipt 

or agreement although not by a pass book, consisting of funds of the kind described 

above in this paragraph and in respect to which deposit the depositor is required, or 

may at any time be required, by the bank to give notice in writing of an intended 

withdrawal not less than thirty (30) days before such withdrawal is made, and withdrawals are permitted only through payment to the depositor himself but not to any 

other person whether or not acting for the depositor.5*

6a Payment may be made to the depositor over the counter, through the mails or otherwise.

A s s e s s m e n t D e c is io n s

Assessment decisions, which are interpretative rulings of the Federal Deposit 

Insurance Act and rules and regulations of the Corporation, were published in the 

Federal Register of May 14, 1955 (20 F.R. 3306-3328). Copies of these assessment 

decisions have been furnished to each insured bank.

99

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100 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 e s c r ip t io n o f O r g a n i z a t i o n o f t h e C o r p o r a t io n

Section 3 of the Description of Organization of the Corporation, which was published 

in the Federal Register of March 27, 1954 (19 F.R. 1681), was amended and published 

in the Federal Register of August 24, 1955 (20 F.R. 6198), as follows:

Se c . 3. Delegation of final authority—(a) General. Except as otherwise provided 

by rule, or to the extent that there is involved any function of the Corporation requiring confidentiality in the public interest or any matter relating solely to the 

internal management of the Corporation, or with respect to matters which generally 

involve conditions or circumstances requiring prompt action in the field for the better 

protection of the interests of the Corporation and to achieve flexibility and expedition 

in its operations and in the exercise of its functions, such as arise in connection with 

the Corporation’s litigation and liquidation matters and with the payment of claims 

for insured deposits, delegations of final authority by the Board of Directors within 

the statutory meaning of that phrase are set forth in this section. Any person having 

a proper and direct concern therein may ascertain the scope of authority of any officer, 

agent, or employee of the Corporation by communicating with the Secretary of the 

Corporation.

(b) Reports of condition. Authority is delegated to the Chairman of the Board of 

Directors to designate the date as of which each insured State bank, which is not a 

member of the Federal Reserve System or a District bank, shall make a report of its 

condition as required by the Board of Directors pursuant to section 10 (e) of the 

Federal Deposit Insurance Act (12 U. S. C. 1820 (e) ).

(c) To assure continuous performance of functions. For the purpose of assuring 

the performance of and continuity in the management functions and activities of the 

Corporation, the Board of Directors has delegated, to the extent deemed necessary, 

authority with respect to the management of the Corporation’s affairs to certain 

designated persons, such authority to be exercised only in the event of an emergency, 

involving an enemy attack on the continental United States or other warlike occurrence, which renders the Board of Directors unable to perform the management 

functions and activities normally performed by it.

(d) Assessment decisions. Authority is delegated to the Controller and the General 

Counsel jointly to promulgate and to amend assessment decisions as interpretative 

rulings of the Corporation with reference to provisions of the Federal Deposit Insurance Act and the Corporation’s rules and regulations relating to assessment and 

from time to time to publish such assessment decisions and amendments thereof in 

the F e d e r a l R e g is t e r .

(e) Extension of time in which to establish a branch or change location of main office

or branch. Authority is delegated to the Chief of the Division of Examination to 

extend the time given a bank by the Board of Directors in which to establish a branch 

or change the location of its main or branch office, but such extension shall not exceed 

two periods of the same duration each as that prescribed originally by the Board of 

Directors.

(f) Exclusion from insured bank advertisements of the official advertising statement.

Authority is delegated to the General Counsel to consent, pursuant to § 328.2 (d) 

(10) of Title 12, Code of Federal Regulations, to the exclusion of the Official advertising statement from advertisements which are of the type or character making 

it impractical to include such statement therein.

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S T A T E B A N K I N G L E G IS L A T IO N 101

St a t e B a n k i n g L e g is l a t io n

In 1955 the legislatures of forty-five States held regular sessions and thirteen 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 1955.

SUPERVISORY AUTHORITY

State Banking Department................................................................ Alabama (Act 204)

State Banking Board.................................................... Missouri (Laws 1955, H.B. 212)

Revisions of savings banks law..........................................................................................

..................... Maine (Ch. 380), Massachusetts (Ch. 432), Washington (Chs. 13, 80)

Banks and trust companies code.................................................... Washington (Ch. 33)

Authorization by Superintendent of nondepartmental banks. . . . California (Ch. 729) 

Matters to be determined by State bank commissioner in granting certificate of

authority to conduct banking business........................................... Colorado (Ch. 82)

Examination fees.................................................................................................... Indiana

(Ch. 94), Kansas (Ch. 65), Maine (Ch. 92), Minnesota (Ch. 820), Missouri (Laws 

1955 H.B. 22), Nebraska (Ch. 15), North Carolina (Ch. 640), Vermont (Act 123)

Compensation of supervisory authority and examiners.................................................

.....................................................................................Missouri (Laws 1955, H.B. 22)

Retention and disposition of records. .Ohio (Laws 1955, S.B. 15), Wisconsin (Ch. 421)

ORGANIZATION AND CHARTER CHANGES

Branch offices and agencies................................................................ Alabama (Acts 39,

70, 76, 133, 376; Acts 21, 40 of Second Special Session), Connecticut (Act 126), 

Florida (Ch. 29984), Indiana (Ch. 21), Maryland (Ch. 628), Pennsylvania (Act 284)

Minimum capital requirements..........................................................................................

Arkansas (Act 150—suburban banks), Connecticut (Act 70—industrial banks)

Par value of stock..............................................................................California (Ch. 219)

Merger or consolidation......................................................................................California

(Ch. 234), Connecticut (Act 31), Massachusetts (Ch. 275), Pennsylvania (Act 179)

Conversion of mutual savings bank into capital stock bank..........Oregon (Ch. 690)

Bank certificate of incorporation may empower directors to make, alter or repeal

by-laws....................................................................... Delaware (Laws 1955, S.B. 393)

Examination and investigation fee to be paid by applicants for charter.....................

............................................................................................................Georgia (Act 103)

Limitation on ownership or control of voting shares in two or more banks by any

company......................................................................... Illinois (Laws 1955, S.B. 600)

Amendment of certificate of incorporation...................................New Jersey (Ch. 118)

Certificate of authority to commence business of banking___New Mexico (Ch. 98)

Establishment of trust department.............................................New Mexico (Ch. 279)

Preferred stock............................................................................. South Dakota (Ch. 10)

Publication of notice of application for charter to carry on banking business..........

...........................................................................................................Wyoming (Ch. 40)

Authorization for national banks to become State banks by conversion, merger or

consolidation....................................................... Texas (Ch. 234), Wyoming (Ch. 65)

Authorization for State banks to become national banks by conversion, merger or

consolidation.....................................................................................Wyoming (Ch. 65)

Filing of record of merger, consolidation or conversion of State bank into national

bank with State Bank Commissioner and County Clerk required.............................

..........................................................................................................Arkansas (Act 245)

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102 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

GENERAL OPERATING PROVISIONS

Finality of bank’s statement of account to depositor after four years.....................

.........................................................................................................California (Ch. 245)

Industrial bank powers....................................................................Connecticut (Act 70)

Savings bank authorized to act as collecting agent for public utility bills.................

.....................................................................................................Connecticut (Act 169)

Preservation of bank records................. Michigan (Act 91), Pennsylvania (Act 259)

Payment of interest or dividends by savings banks......................New Jersey (Ch. 88)

Payment of dividends on capital stock.........................................New Jersey (Ch. 118)

Access to safe-deposit boxes...........................................................New Jersey (Ch. 151)

Safekeeping and servicing of securities owned by State..............Tennessee (Ch. 235)

Charitable contributions................................................................... Wisconsin (Ch. 113)

DEPOSITS

Deposits of and security for public funds.........................................................California

(Chs. 259, 281, 297), Idaho (Ch. 85), Maine (Ch. 419), New Mexico (Ch. 140), 

Ohio (Laws 1955, H.B. 562, S.B. 97), Pennsylvania (Act 102), South Carolina 

(Act 164), Texas (Ch. 425), Washington (Chs. 198, 220), Wyoming (Ch. 113)

Pledge of deposits in savings banks and departments..................Connecticut (Act 52)

Escheat of deposits..............................................................................................................

Connecticut (Act 127), Delaware (Laws 1955, H.B. 634), Washington (Ch. 385)

Limitation of $20,000 on deposits in savings banks and departments.........................

.....................................................................................................Connecticut (Act 328)

Adverse claims to bank deposits.................................................. Connecticut (Act 297)

Deposits of minors.............................Florida (Chs. 29848, 29939), Tennessee (Ch. 16)

Payment of deposit of deceased depositor.......................................... Georgia (Act 104)

Joint deposits..............................................................Illinois (Laws 1955, H.B. No. 585)

Issue of duplicates of lost deposit books.................................New Hampshire (Ch. 14)

Tentative trust deposits................. New Hampshire (Ch. 319), Washington (Ch. 347)

Restrictions on use of word “ savings” ............................................New York (Ch. 170)

Restrictions on receipt of deposits by societies for savings. .Ohio (Laws 1955, H.B. 813)

LOANS

Real estate loans............................................... New York (Ch. 454), Oregon (Ch. 315)

Insured or guaranteed loans................................................Ohio (Laws 1955, H.B. 530)

Acquisition of loans and other stated activities in connection therewith by foreign 

banking corporations or investor companies not considered engaging in business

in State.............................................................................................Arkansas (Act 349)

Loan limits. . . . California (Ch. 729), Oregon (Ch. 310), South Carolina (Act 260)

Loans to directors..............................................................................California (Ch. 972)

Advancements on mortgage loans by savings banks and departments.....................

.......................................................................................................Connecticut (Act 40)

Construction loans........................................................................... Connecticut (Act 35)

Home improvement loans by savings banks and departments. . . . Connecticut (Act 38)

Loans to development credit corporation................. Connecticut (Act 441), Kansas

(Ch. 144), New York (Ch. 863), North Carolina (Ch. 1146), Wisconsin (Ch. 656)

Open-end mortgages...........................Connecticut (Act 543), North Dakota (Ch. 100)

Participation loans..........Connecticut (Act 14, 2nd Sess.), Massachusetts (Act 197)

Instalment loans..........Iowa (Ch. 248), Michigan (Act 177), Minnesota (Ch. 616),

New Jersey (Chs. 117, 129), South Carolina (Act 250), South Dakota (Ch. 11) 

Unlimited loans............................................................................... New Jersey (Ch. 110)

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S T A T E B A N K I N G L E G IS L A T IO N 103

INVESTMENTS

Real estate............................................................................. Connecticut (Act 30), Iowa

(Ch. 247), Minnesota (Ch. 104), New Jersey (Ch. 107), North Dakota (Ch. 99) 

Real estate for banking house or for parking lot for customers. . . . Arkansas (Act 244)

Stock of corporation owning bank building.................................Washington (Ch. 302)

Stock of Federal National Mortgage Association in connection with sale of mortgage

loans thereto...................................................................................Arkansas (Act 376),

Kansas (Ch. 64), Michigan (Act 66), Missouri (Laws 1955, S.B. 139), New 

Mexico (Ch. 109), New York (Ch. 409), South Dakota (Ch. 231), Texas (Ch. 244)

Obligations of Federal National Mortgage Association................................................

.....................................Missouri (Laws 1955, S.B. 139), Ohio (Laws 1955, S.B. 275)

Stock of safe deposit corporation..................................................Washington (Ch. 302)

By nondepartmental banks.............................................................. California (Ch. 729)

Obligations of International Bank for Reconstruction and Development.................

................................................................................................South Carolina (Act 216)

Savings bank investments:

General limitations............. Connecticut (Act 28), New Hampshire (Chs. 214, 318)

Real estate.................................................................................... Connecticut (Act 29)

Mortgage loans.......................................New Jersey (Ch. 170), New York (Ch. 159)

Municipal obligations.................................................................. Connecticut (Act 58)

Insured or guaranteed loans outside State................................ Connecticut (Act 57)

Public utility preferred stock......................................................Connecticut (Act 59)

Obligations of Dominion of Canada or its provinces................Connecticut (Act 60)

Revenue bonds...................................... Connecticut (Act 37), New Jersey (Ch. 251)

FHA insured loans....................................................................... Connecticut (Act 39)

Stock of investment companies................................................ Connecticut (Act 402)

r e s e r v e s

Banks and trust companies........................................................... Washington (Ch. 356)

Nondepartmental banks....................................................................California (Ch. 729)

Industrial banks...............................................................................Connecticut (Act 70)

Cash balances of savings banks.....................................................New Jersey (Ch. 229)

TRUST ACTIVITIES

Common trust funds........................................................................... Illinois (H.B. 894),

Massachusetts (Ch. 63), Missouri (Laws 1955, S.B. 138), Montana (Ch. 64), Nevada 

(Ch. 21), New Mexico (Ch. 66), South Carolina (Act 396), Wyoming (Ch. 17)

Securities eligible for deposit by trust companies with State Controller..................

.........................................................................................................California (Ch. 130)

Investment of trust funds..............................................Connecticut (Act 149), Indiana

(Ch. 302), Nebraska (Ch. 82), North Dakota (Ch. 101), Pennsylvania (Act 211), 

South Carolina (Acts 159, 165, 216), West Virginia (Ch. 4), Wyoming (Ch. 122) 

Registration in name of nominee of any investment held by a fiduciary bank or trust

company......................................................... Connecticut (Act 155), Maine (Ch. 90)

Waiver of security requirements for trust company deposits of uninvested trust funds

to extent deposit is insured by Federal Deposit Insurance Corporation..............

............................................................................Florida (Ch. 29871), Idaho (Ch. 199)

Authorization for foreign corporations to act in fiduciary capacity.............................

.....................................................................................Missouri (Laws 1955, S.B. 137)

National banks acting as guardian exempted from giving bond. .New Mexico (Ch. 70) 

Liability of bank or trust company acting as trustee of partnership interest for minor 

beneficiaries limited to assets in the trust.........................South Carolina (Act 335)

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104 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

CHECKS AND COLLECTIONS

Drawee bank authorized to pay draft representing payment of cash letters covering

checks charged to accounts of drawer bank after failure of drawer bank..............

............................................................................................................... Kansas (Ch. 66)

Circumstances deemed final payment of item upon which a stop payment order has

been given......................................................................................... Minnesota (Ch. 6)

Restrictions on sale of money orders, traveler’s checks, cashier’s checks, drafts, 

registered checks and certified checks........................................ Minnesota (Ch. 555)

DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES

Loans to...............................................................California (Ch. 972), Indiana (Ch. 25)

Compensation by savings banks.....................................................Connecticut (Act 41)

Payment of retirement benefits to employees of savings banks.. Connecticut (Act 120)

Receipt of commissions or gifts for procuring loans prohibited..........Maine (Ch. 117)

Qualification of directors... .Missouri (Laws 1955, H.B. 425), New Mexico (Ch. 283) 

Payment of part or all of costs of group-plan life insurance for active officers and 

employees.................................................................................... Washington (Ch. 296)

HOLIDAYS

Legal holidays.......................................................................................Arkansas (Act 29),

Colorado (Ch. 163), Idaho (Ch. 19), Indiana (Ch. 6), Michigan (Act 93), Minnesota 

(Chs. 603, 783), Montana (Ch. 209), Nevada (Ch. 155), West Virginia (Ch. 100)

Payment or presentment of negotiable instruments on optional bank holiday..........

.........................................................................................................California (Ch. 599)

Saturday or Wednesday holiday.......................................................Florida (Ch. 29847)

Saturday holiday................................Idaho (Ch. 197—June, July, August), Maryland

(Chs. 49, 97, 158, 179, 471), Minnesota (Ch. 787), Montana (Ch. 124), Nevada 

(Ch. 114), New Mexico (Ch. 34), North Carolina (Chs. 546, 1220), Texas (Ch. 16)

TAXATION

Capital stock tax..................................................................................................................

Arkansas (Act 396), Georgia (Act 239), Nebraska (Ch. 293), Wyoming (Ch. 139) 

Income tax..................................................................................................Utah (Ch. 122)

LIQUIDATION

Double liability on stockholders barred except on stockholders of State banks whose

deposits are not insured by Federal Deposit Insurance Corporation.....................

................................................................................................Minnesota (Chs. 14, 335)

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PART FIVE

STATISTICS OF BANKS AND DEPOSIT INSURANCE

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N u m b e r , O f f ic e s , a n d D e p o s it 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 (continental U. S. and other areas) during 1955

Table 102. Number of operating banks and branches in the United States (continental U. S. 

and other areas), December 31, 1955

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

of office

Table 103. Number and deposits of operating banks in the United States (continental U. S. 

and other areas), December 31, 1955 

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 are prepared in 

accordance with an agreement among the Federal bank supervisory 

agencies. Deposit 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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Commercial and stock savings banks include the following 

categories of banking institutions:

National banks;

Incorporated State banks, trust companies, and bank and trust 

companies, regularly engaged in the business of receiving deposits, 

whether demand or time, except mutual savings banks;

Stock savings banks, including guaranty savings banks in New 

Hampshire;

Industrial and Morris Plan banks which operate under general 

banking codes, or are specifically authorized by law to accept deposits and in practice do so, or the obligations of which are regarded 

as deposits for deposit insurance;

Special types of banks of deposit: cash depositories in South 

Carolina; cooperative exchanges in Arkansas; 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; the Savings Banks Trust Company in New York; and 

four branches of foreign banks which engage in a general deposit 

business in the continental United States or in Puerto Rico.

Private banks under State supervision, and such other private 

banks as are reported by reliable unofficial sources to be engaged 

in deposit banking;

Nondeposit trust companies include institutions operating under 

trust company charters which are not regularly engaged in deposit 

banking but are engaged in fiduciary business other than that incidental 

to real estate title or investment activities.

Mutual savings banks include all banks operating under State 

banking codes applying to mutual savings banks.

Institutions excluded. Institutions in the following categories are 

excluded, though such institutions may perform many of the same 

functions as commercial and savings banks:

Banks which have suspended operations or have ceased to accept 

new deposits and are proceeding to liquidate their assets and pay 

off existing deposits;

Building and loan associations, savings and loan associations, 

credit unions, personal loan companies, and similar institutions, 

chartered under laws applying to such institutions or under general 

incorporation laws, regardless of whether such institutions are authorized to accept deposits from the public or from their members 

and regardless of whether such institutions are called “ banks” (a 

few institutions accepting deposits under powers granted in special 

charters are included);

Morris Plan companies, industrial banks, loan and investment 

companies, and similar institutions except those mentioned in the 

description of institutions included;

Branches of foreign banks, and private banks, which confine 

their business to foreign exchange dealings and do not receive 

“ deposits” as that term is commonly understood;

Institutions chartered under banking or trust company laws, but 

operating as investment or title insurance companies and not engaged in deposit banking or fiduciary activities;

Federal Reserve banks and other banks, such as the Federal Home 

Loan banks and the Savings and Loan Bank of the State of New 

York, which operate as rediscount banks and do not accept deposits 

except from financial institutions;

The postal savings system.

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 101. C h a n g e s in N u m b e r a n d C l a s s if ic a t io n o f O p e r a t in g B a n k s a n d B r a n c h e s

in t h e U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s) D u r in g 1955

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

members

F. R.

System

Banks

of deposit

Nondeposit

trust

companies1

Total Insured*

Nonsured insured insured Total

National State

BANKS

Number of banks, December 31, 1955........................................... 14,284

14,409

-125

13,457

13,541

-84

827 13,756 13,237 4,692 1,847 6,698 460 59 528 220 308

Number of banks, December 31, 1954........................................... 868 13,881 13,323 4,789 1,867 6,667 497 61 528 218 310

Net change during year.................................................................. -41 -125 -86 -97 -20 31 -37 -2 + 2 -2

Banks beginning operations .............................. 116 103 13 115 103 28 4 71 12 1 1

Banks ceasing operations.......................................................... 241 230 11 240 230 127 38 65 8 2 1 1

Suspended banks not reopened or succeeded 4 4 4 4 2 2

Absorbed with financial aid of FDIC 1 1 1 1 1

Absorptions, consolidations, and mergers (without FDIC

aid) . ......................................................................... 231 221 10 230 221 124 38 59 7 2 1 1

Other liquidations .. 5 4 1 5 4 1 3 1

Noninsured banks becoming insured . .. +43

+ 5

+ 37

+ 1

-43 +41

+ 5

+35

+ 1

+ 1 + 1 + 39 -41 + 2 -2

Successors to operating noninsured banks -5 + 1 + 4

+35

-5

Admission to insurance operating banks® . .. -37 -35 + 2 -2

A rlmiescirvn in F R nnprnHnff hnnk -1 + 1

+ 13

-2

-1

Other changes in classification + 1

+ 7

-6

-14

National banks succeeding state banks -5

State banks succeeding national banks .. + 2

+ 15

-2

+ 4

Admissions to F R. System -15

Withdrawals from F. R System + 2

2

Changes not involving number in any class:

Successions • 3 2 1 3 2 1

Absorptions of nonbsnking fin3.ncinl institutions 4 4 4 4 4

Changes in title location or name of location ............... 167 164 3 163 161 29 22 110 2 4 3 1

Changes in corporate powers..................................................... 25 25 25 25 25

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
BRANCHES

Number of branches, December 31, 1955................................... 7,391

6,751

+640

7,199

6,567

+632

192

184

+ 8

7,062

6,443

+619

6,965

6,346

+619

3,364

3,056

+308

1,938

1,731

+ 207

1,663

1,559

+ 104

93

94

4 329

308

171

234

221

+ 13

95

87

+ 8

Number of branches, December 31, 1954................................... 3

Net change during year................................................................. ! 1 -f £1

Branches opened for business................................................. 690 677 13

1

668

20

664

19

363

15

167

2

134

2

3 1 22 13 9

Facilities provided as agents of the government4................ 20 19 1

Absorbed banks converted into branches.............................. 206 205 1 204 204 116 63 25

2

2 1

Branches replacing banks relocated or placed in liquidation or receivership.................................................................. 4 4 4 4 1 1

Other branches opened5............................................................ 459 448 11 439

1

436

1

230

1

101 105 2 20 12 O

Branch restored to count........................................................... 1 1

O

Branches discontinued............................................................... 50 47 3 49 47 18 17 12 2 1 J

Facilities......................................................................................... 4 4 4 4 4

Branches......................................................................................... 46 43 3 45 43 14

-37

17

+ 57

12

-18

2 1

Other changes in classification among branches........... + 2 -2 + 2 -2

Branch of national bank succeeding facility of state bank. + 1

+ 1

-1

Branch of national bank succeeding branch of state bank. -1

Branches of insured banks admitted to F. R. System. . . . + 7

-1

-7

Branch of insured bank withdrawing from F. R. System .. + 1

+ 1

-11

Facility transferred as result of absorption or succession.. + 1 -1 + 1 -1

Branches transferred as result of absorption or succession. + 1 -1 + 1 -39 + 51 -1

Changes not involving number in any class:

Facility transferred as result of bank suspension............... 1 1 1 1 1

Branches transferred as result of absorption or succession. 46 44 2 46 44 18 21 5 2

Sale of branch to another bank................................................ 1 1 1 1 1

Changes in title, location, or name of location.................... 420 418 2 414 412 251 106 55 2 6 6

Change in powers......................................................................... 1 1 1 1

ALL BANKING OFFICES

Number of offices, December 31, 1955......................................... 21,675

21,160

+ 515

20,656

20,108

+548

1,019

1,052

-33

20,818

20,324

+494

20,202

19,669

+533

8,056

7,845

+ 2 11

3,785

3,598

+ 187

8,361

8,226

+ 135

553

591

-38

63

64

_ j

857

836

171

454 Number of offices, December 31, 1954.......................................... AZQ ^07

Net change during year.................................................................. + 15

0 7 /

- j - z i + 6

Offices opened...................................................................... 806 780 26

13

783

115

668

289

240

49

767

103

664

277

230

47

+ 43

+41

+ 2

391

28

363

145

127

18

-35

171

4

205

71

134

77

65

12

+ 7

+25

-18

15

12

Q

71 1 *2 1 A

Banks......................................................................................... 116 103

i Zo1

15 JLU1

Branches.......................................................................... 690

291

677

277

13

14

167

55

38

17

+ 71

+ 14

+ 57

1

X

09 1 Q 1A

Offices closed...................................................................................

O

10

g

i

2 2

lo y

Banks............................................................................................... 241 230 11 2

JL1

Branches......................................................................................... 50 47 3 2

1

I

Changes in classification........................................................... + 4 5

+43

+ 2

-45 -43

-41

_2

+ 2

+ 2

X

Among banks................................................................................. -43 + 2

-37

z

0

Among branches........................................................................... -2

1 Includes 1 trust company member of the Federal Reserve System, December 31, 1955, and December 31, 1954. i—i

2 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1955, and December 31, 1954. O

3 Banks in operation at beginning of year, except three which opened noninsured and were admitted to insurance later in the year. ^

4 Facilities established in or near military installations at request of the Treasury or Commanding Officer of the installation.

6 Includes 1 branch in operation prior to beginning of year but not included in count as of December 31, 1954.

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BAN KS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 102, N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n ite d S t a t e s ( C o n t in e n t a l U . S. an d O t h e r A r e a s ), D e c e m b e r 31, 1955

g r o u p e d a c c o r d in g t o in s u r a n c e s t a t u s an d c la s s o f b a n k , an d b y s t a t e an d ty p e o f o f f i c e

State and type of bank or office

All banks

Commercial and stock savings banks

and nondeposit trust companies Mutual savings banks Insured banks'as percentages

of banks.of^deposit1

Total Insured

Noninsured Total

Insured Noninsured

Total Insured3

Noninsured

f All

banks

of deposit

Commercial

banks

Mutual

savings

Total banks

Members F. R.

System Not

members

F.R.S.

Banks

of deposit

Nondeposit

trust

com­ National State panies2

Total United States............................ 21,675 20,656 1,019 20,818 20,202 8,056 3,785 8,361 553 63 857 454 403 95.6 97.3 52.9

All banks............................................... 14,284 13,457 827 13,756 13,237 4,692 1,847 6,698 460 59 528 220 308 94.6 96.6 41.7

Unit banks........................................ 12,875 11,635 7U0 12,002 11,509 Jf.,083 l,5h0 5,886 US 6 57 373 126 21*7 9U.5 96.3 33.8

Banks operating branches.............. 1,909 1,822 87 1,7 5 U 1,728 609 307 812 2U 2 155 9U 61 95.5 98.6 60.6

Branches............................................... 7,391 7,199 192 7,062 6,965 3,364 1,938 1,663 93 4 329 234 95 97.4 98.7 70.9

Continental United States............. 21,494 20,557 937 20,638 20,103 8,055 3,785 8,263 477 58 856 454 402 95.9 97.7 53.0

All banks............................................... 14,242 13,435 807 13,715 13,215 4,691 1,847 6,677 446 54 527 220 307 94.7 96.7 41.7

Unit banks........................................ 12,853 11,629 72U 11,981 11,503 U,082 l,5h0 5,881 %26 52 372 126 2h6 9U.5 96.U 33.9

Banks operating branches.............. 1,889 1,806 83 1,7 3 U 1,712 609 307 796 20 2 155 H 61 95.7 98.8 60.6

Branches............................................... 7,252 7,122 130 6,923 6,888 3,364 1,938 1,586 31 4 329 234 95 98.2 99.6 70.9

H t l m r A rpciQ 181 99 82 180 99 1 98 76 5 1 1 56.3 56.6

A ll T^qtiItq 42 22 20 41 22 1 21 14 5 1 1 59.5 61.1

TT'M'ii hnyiTfSt 22 6 16 21 6 1 5 10 5 1 1 35.3 37.5

20 16 -4 20 16 16 U 80.0 80.0

139 77 62 139 77 77 62 55.4 55.4

State

. , 284 284 284 284 112 28 144 100.0 100.0

237 237 237 237 69 25 143 100.0 100.0

T7<* 221 221 221 221 56 23 1U2 100.0 100.0

16 16 16 16 13 2 1 100.0 100.0

47 47 47 47 43 3 1 100.0 100.0

106 103 3 106 103 65 6 32 3 100.0 100.0

11 10 1 11 10 3 1 6 1 100.0 100.0

3 3 3 3 1 2 100.0 100.0

8 7 8 7 2 1 A 1 100.0 100.0

95 93 2 95 93 62 5 26 2 100.0 100.0

258 253 5 258

’v; - - -

253 58 17 178 4 1 98.4 98.4

233 228 5 233 228 54 17 157 4 1 98.3 98.3

211 206 5 211 206 50 17 139 u 1 98.1 98.1

22 22 22 22 U 18 100.0 100.0

25 25 25 25 4 21 100.0 100.0

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.................................

Colorado...................................

All banks................................

Unit banks.........................

Banks operating branches,

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

Connecticut............................

All banks................................

Unit banks.........................

Banks operating branches,

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

Delaware...................................

All banks................................

Unit banks.........................

Banks operating branches,

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

District of Colum bia...........

All banks................................

Unit banks.........................

Banks operating branches

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

Florida.......................................

All banks................................

Unit banks.........................

Banks operating branches

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

Georgia......................................

AH banks................................

Unit banks.........................

Banks operating branches

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

Idaho..........................................

All banks................................

Unit banks.........................

Banks operating branches

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

Illinois.......................................

All banks................................

Unit banks.........................

Banks operating branches

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

1,349 12 1,361 1,349 963

140 9 149 140 57

89

7 96 89 38

51 2 53 51 19

1,209 3 1,212 1,209 906

159 11 170 159 80

154 11 165 154 77

11*9 11 160 11*9 71*

5 5 5 3

5 5 ^ 5

3

197 96 201 190 87

92 77 98 87 39

59 68 67 56 25

33 9 31 31

u

105 19 103 v103 48

66 5 68 65

9

30 2 30 29 9

23 22 22 9

7 2 8 7

36 3 38 36

71 71 71 39

17 17 17

8

3 3 3 1 U U U 7

54 54 54 31

245 5 250 245 92

233 5 238 233 82

221 5 226 221 72

12 12 12 10

12 12 12 10

410 58 468 410 90

349 58 407 349 51

328 58 386 328 U1

21 21 21 10

61 61 61 39

103 103 103 69

36 36 36 11

28 28 28

7

8

8

8

U

67 67 67 58

917

6 923 917 395

913 6 919 913 391

909

6 915 909 387

U U U U

4 4

4

4

1,361

149

96

53

1,212

170

165

16055

293

169

127

1*2

124

71

32

239

39

71

173U

54

250

238

226

12

12

468

407

386

21

61

103

36

288

67

923

919

915U4

234

35

18

17

199

18

17 

1611

51

1468

37

182

16

1851U

13

11

11

11

26

1385

13

139724

127

127

127

152

48

33

15

104

61

60

5911

52

34 

259

18

38

18

135

20

14413

10

142

140

138

294

285

279

21

16U25

395

395

395

32111

11

11

11

10

10

10

58

58

58

92

71

60

11

2132111

85

66

579

1921

.. y1

99.8

98.6

98.9

98.1

99.9

93.5

93.3

93.1

100.0

100.0

67.5

54.8

1*6.8

78.6

84.7

93.0

93.8

100.0

77.8

92.3

100.0

100.0

100.0

100.0

100.0

99.2

99.1

99.1

100.0

100.0

87.6

85.7

85.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.7

99.7

99.7

100.0

100,0

99.8

98.6

98.9

98.1

99.9

93.5

93.3

93.1

100.0

100.0

95.0

89.7

81*.8

100.0

100.0

95.6

96.7

100.0

87.5

94.7

100.0

100.0

100.0

100.0

100.0

99.2

99.1

99.1

100.0

100.0

87.6

85.7

85.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.7

99.7

99.7

100.0

100.0

7.6

7.0

5.0

18.2

9.5

33.3

50.0

100.0

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 102. N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n it e d S t a t e s (C o n t in e n t a l U. S. a n d O t h e r A r e a s ), D e c e m b e r 31,1955— C ont,

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY 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

State and type of bank or office

Insured Noninsured

Total Insured

Noninsured Total

Total

Members F. R.

System Not

members

F.R.S.

Banks

Nondeposit

trust

companies2

Total Insured3

Noninsured

All

banks

of deposit

Commercial

banks

Mutual

savings

banks

National State

of deposit

643 635 8 639 632 707 131 294 6 1 4 3 1 98.9 99.1 75.0

All banks............................................... 477 469 8 473 466 123 112 231 6 1 4 3 1 98.5 98.7 75.0

Unit banks........................................ 398 390 8 394 387 97 104 186 6 1 4 3 1 98.2 98.5 75.0

Banks operating branches 79 79 79 79 26 8 45

63

100.0 100.0

Branches ................. .. 166 166 166 166 84 19 100.0 100.0

829 779 50 829 779 95 75 609 49 1 94.1 94.1

All banks ................... 667 619 48 667 619 95 71 453 47 1 92.9 92.9

Unit banks ............... 546

121

500 U6

2

546

121

500 95 68 337 45

2

1 91.7 91.7

Banks operating branches.............. 119 119 3 116 98.3 98.3

Branches •. . . . . 162 160 2 162 160 4 156 2 98.8 98.8

K&I183S 603 504 99 603 504 172 42 290 99 83.6 83.6

All banks . 601 502 99 601 502 170 42 290 99 83.5 83.5

Unit banks . .. 599

2

500 99 599 500 168 42 290 99 83.5 83.5

Banks operating branches. 2 2 2 2 100.0 100.0

Branches ................... 2 2 2 2 2 100.0 100.0

Kentucky . . . ........................ 451 437 14 451 437 127 40 270 14 96.9 96.9

All banks ...................... 367 353 14 367 353 89 20 244 14 96.2 96.2

Unit banks .................... 829 315 U 329 315 78 14

6

223 n 95.7 95.7

Banks operating branches.............. 88 38 38 38 11 21 100.0 100.0

Branches .................... 84 84 84 84 38 20 26 100.0 100.0

Louisiana ................... 292 291 1 292 291 105 23 163 i 99.7 99.7

All banks . . . . . . . . . 175 174 1 175 174 41 10 123 i 99.4 99.4

Unit banks , .......................... 125 124

50

1 125 124 25 5 94

29

i 99.2 99.2

Banks operating branches.............. 50 50 50 16 5 100.0 100.0

Branches . ........................ 117 117 117 117 64 13 40 100.0 100.0

Maine ...................................................... 188 146 42 154 137 55 40 42 17 34 9 25 77.7 89.0 26.5

All banks............................................... 91 61 30 59 52 31 6 15 7 32 9 23 67.0 88.1 28.1

Unit banks........................................ 62 uo

21

22 32 31 22 2 7 1 30 9 21 64.5 96.9 30.0

Banks operating branches. . ......... 29 8 27 21 9 4. 8 6 2 2 72.4 77.8

Branches............................................... 97 85 12 95 85 24 34 27 10 2 2 87.6 89.4

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

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.

Branches4.................................

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...................................

M issouri......................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

M ontana.....................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

354 350 4 320 317 100 66 151 3 34 33 1

160 158 2 152 151 57 13 81 1 8 7 1

109 108 1 106 106 U2

15

5 59 3 2 1

51 50 1 1*6 U5 8 22 1 5 5

194 192 2 168 166 43 53 70 2 26 26

695 430 265 439 430 240 121 69 9 256 256

366 170 196 177 170 110 25 35 7 189 189

252 105 U 7 111 105 79 6 20 6 H I

U8

67

1U1

U8

67

11U 65 A9 66 65 31 19 15 1

329 260 69 262 260 130 96 34 2

796 788 8 796 788 216 319 253 3 5

420 412 8 420 412 76 154 182 3 5

325 317 8 325 317 58 12U 135 3 5

95 95 95 95 18 30 U7

376 376 376 376 140 165 71

687 676 11 686 675 184 28 463 10 1 1 1

681 670 11 680 669 178 28 U68 10 1 1 1

679 668 11 678 667 176 28 U68 10 1 1 1

2 2 2 2 2

6 6 6 6 6

295 292 3 295 292 39 13 240 3

197 194 3 197 194 27 7 160 3

1U8 1U5 3 1U8 1U5 21 6 118 8

U9 U 9 U9 U9 6 1 U2

98 98 98 98 12 6 80

606 588 18 606 588 78 100 410 14 4

603 585 18 603 585 76 99 410 14 4

600 582 18 600 582 7U 98 uio U It

3 3 3 8 2 1

3 3 3 3 2 1

113 113 113 113 40 44 29

113 113 113 113 40 44 29

113 113 113 US UO U 29

421 380 41 421 380 124 16 240 35 6

420 379 41 420 379 123 16 240 35 6

U 9 378 U U 9 378 122 16 2U0 35 6

1 1 1 1 1

1 1 1 1 1

35 35 35 35 21 9 5

6 6 6 6 3 2 1

1 1 1 1 1

5 5 5 5 2 2 1

29 29 29 29 18 7 4

98.9 99.1 97.1

98.8 99.3 87.5

99.1 100.0 66.7

98.0 97.8 100.0

99.0 98.8 100.0

61.8 97.9

46.4 96.0

U1.7 91>.6

57.0 98.5

78.8 99.2

99.6 99.6

99.3 99.3

99.1 99.1

100.0 100.0

100.0 100.0

98.5 98.5 100.0

98.5 98.5 100.0

98.5 98.5 100.0

100.0 100.0

100.0 100.0

99.0 99.0

98.5 98.5

98.0 98.0

100.0 100.0

100.0 100.0

97.7 97.7

97.7 97.7

97.7 97.6

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

91.6 91.6

91.5 91.5

91.5 91.5

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

100.0 100.0

Nebraska....................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

Nevada.........................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 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 i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31,1955— Cont. 

g r o u p e d a c c o r d i n g t o i n s u r a n c e s t a t u s a n d c l a s s o f b a n k , a n d b y s t a t e a n d t y p e o f o f f ic e

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.S.

Banks

Nondeposit Total Insured3

Noninsured

All

banks

of deposit

Commercial

banks

Mutual

savings

banks

National State

of deposit

trust

companies2

113 78 35 78 65 52 1 12 13 35 13 22 69.0 83.3 37.1

All banks ......................................... 110 75 35 76 63 51 1 11 13 34 12 22 68.1 82.9 35.3

Unit banks ............. ................ 107 72 35 7k 61 50 1 10 13 33 11 22 67.3 82.k 33.3

TtnvtTra n'nomliYifl 3 3 2 2 1 1 1 1 100.0 100.0 100.0

Branches • • ........... 3 3 2 2 1 1 1 1 100.0 100.0 100.0

^anr IftrQPV ...................... 595 592 3 558

tpww

555 323 160 72 3 37 37 100.0 100.0 100.0

All ha n Ira . . . . 320 317 3 297 294 188 64 42 3 23 23 100.0 100.0 100.0

Unit banks .. . . . . . . 219 216 3 203 200 139 32 29 3 16 16 100.0 100.0 100.0

Banks opctatinQ bfanchcs 101 101 9L 9k

261

k9 32 13 7 7 100.0 100.0 100.0

PrnnnhPQ . . . 275 275 261 135 96 30 14 14 100.0 100.0 100.0

TVT /\tir 81 81 81 81 37 9 35 100.0 100.0

A 11 KqtiItq 51 51 51 51 25 8 18 100.0 100.0

h/rt) If Si 3k

17

30

3U

17

30

3A

17

3k

17

18 7 9 100.0 100.0

A/n/Jl'/l/'itin 7 1 9 100.0 100.0

"Rtq n />1ioq 30 30 12 1 17 100.0 100.0

New York .............................................. 1,801

638

1,787

628

14 1,548 1,534

499

589 827 118 10 4 253 253 99.4 99.4 100.0

All banks ....................................... 10 509 304 139 56 6 4 129 129 99.1 98.8 100.0

Unit bunks........................................ US 8

200

1,163

546

U31 7 376 369 2k3 87 39 3 k 62 62 99.3 99.2 100.0

p/iM I*o t\'f\DTn/itin rivnvL^nfist 197 3 133 130 61 52 17 3 67 67 98.5 97.7 100.0

Branches4 .................... 1,159

542

4 1,039 1*035

542

285 688 62 4 124 124 99.7 99.6 100.0

r<!of*Allno 4 546 101 50 391 4 99.3 99.3

220 219 1 220 219 46 7 166 1 99.5 99.5

TTm'it Tirt'Vi TfSt 13k

86

326

131*.

85

323

13 U

86

326

13k

85

27 2 105 100.0 100.0

1 19 5 61 1 98.8 98.8

T^i*q n /* oci 3 323 55 43 225 3 99.1 99.1

Flo l/Af"C| 178 173 5 178 173 38 2 133 5 97.2 97.2

154 149 5 154 149 38 2 109 5 96.8 96.8

Z*() 138 133 5 138 133 38 2 93 5 96.k 96.k

D/v/vi 7*a n Twrtw t*n p.q 16

24

16

24

16 16 16 100.0 100.0

24 24 24 100.0 100.0

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
O hio............................................

All banks................................

Unit banka.........................

Banks operating branches

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

Oklahom a.................................

All banks................................

Unit banks.........................

Banks operating branches

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

Oregon.......................................

All banks................................

Unit banks.........................

Banks operating branches

Branches4...............................

Pennsylvania..........................

All banks................................

Unit banks.........................

Banks operating branches,

Branches4...............................

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................................

1,006 1,003

3

626 623

3

518 515

3

108 108

380 380

388 380

8

385 377

8

S82 374 8 8 S 3 3

195 193

2

50 48 2

89 87 2

11 11

145 145

1,327 1,310 17

825 811 14

688 671 12

142 140

2

502 499 3

103 91 12

18 13

5

8 5 3

10 8 2

85 78

7

235 225 10

149 139 10

122 112 10

27 27

86 86

225 225

171 171

142 142

29 29

54 54

437 430 7

299 292 7

253 246

7

46 46

138 138

954 918 36

935 899 36

915 879 36

20 20

19 19

992 989 392

623 620 230

517 514 183

106 106 47

369 369 162

388 380 201

385 377 198

382 374 195

3 3

3

3 3

3

194 192 145

49 47 13

38 36 11

11 11 2

145 145 132

1,289 1,272 796

818 804 522

680 668 4U1

138 136 81

471 468 274

79 76 43

10

8

5

3

*

2

7

6

8

69 68 38

235 225 86

149 139 26

122 112 16

27 27 10

86 86 60

225 225 58

171 171 34

142 142 30

29 29

4

54 54 24

437 430 153

299 292 77

253 246 59

46 46 18

138 138 76

954 918 465

935 899 446

915 879 4 26

20 20 20

19 19 19

336

171

U 7n

165

25

25

25

107613

224

93

65

28

131

161

2397*

14

134

134

134

261 1 3

I............. 14 14

219

3

1 3 3

184 1 1 1

2 2

11 11

154 7

1

154 7

1

154

7

1

37 11 1 1

27 1 1 1 1

19 1

1

1

1

8

10

252 14 3 38 38

189 11 37

7

162 9

3

3

3

27 2 4 4

63 3 31 31

17 2 1 24 15 9

2 1

1 8 53

1 5 3

2

2 1 8 2

1

15 1 16 10

6

129 10

106 10

91 10

15

23

140

110

85

25

30

254 4

3

206 4 3

180

4

3

26

48

319 36

319 36

319 36 1

99.7

99.5

99.4

100.0

100.0

98.2

98.2

98.2

100.0

100.0

99.5

98.0

97.4

100.0

100.0

98.9

98.7

98.7

98.6

99.4

89.2

76.5

714

80.0

91.8

95.7

93.3

91.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.1

98.6

98.4

100.0

100.0

96.2

96.1

96.1

100.0

100.0

99.7

99.5

99.4

100.0

100.0

98.2

98.2

98.2

100.0

100.0

99.5

97.9

97.8

100.0

100.0

98.9

98.7

98.7

98.6

99.4

97.4

88.9 

100.0

85.7

98.5

95.7

93.3

91.8

100.0

100.0

100.0

100.0

100.0

100.0

100.0

99.1

98.6

98.4

100.0

100.0

96.2

96.1

96.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

62.5

62.5

60.0

66.7

62.5

NUMBER, OFFICES, AND DEPOSITS OF OPERATING BANKS 115

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 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 i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U. S. a n d O t h e r A r e a s ), D e c e m b e r 31,1955— C o n t.

GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND BY 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.S.

Banks

Nondeposit Total Insured3

Noninsured

All

banks

of deposit

Commercial

banks

Mutual

savings

banks

National State

of deposit

trust

companies2

Utah 96 96 96 96 32 34 30 100 0 100.0

51

89

12

45

94

51 51 51 7 19 25 100.0 100.0

TT'Yt'ii Yin'nlfa 39

12

45

39 39 6 13 20 100.0 100.0

12 12 1 6 5 100.0 100.0

■Rro n pVt oq 45 45 25 15 5 100.0 100.0

Vermont ................. 93 1 77 76 39 2 35 1 17 17 100.0 100.0 100.0

All banks 69 68 1 62 61 34 1 26 1 7 7 100.0 100.0 100.0

Unit banks 57 56 1 52 51 30 21 1 5 5 100.0 100.0 100.0

Banks opcvatinQ bvanchcs 12

25

12 10 10 1* 1 5 2 2 100.0 100.0 100.0

Branches 25 15 15 5 1 9 10 10 100.0 100.0 100.0

492

316

237

79

176

320

492

316

237

492 492 215 110 167 100.0 100.0

A 11 Tiiinlrc 316 316 132 73 111 100.0 100.0

Unit banks 237 237 102 57 78 100.0 100.0

TZn'YilfQ fi*n0rnf'>tYtn hvnnrhps 79

176

79 79 30 16 33 100.0 100.0

'Rrii'n AQ 176 176 83 37 56 100.0 100.0

Washington 317 3 311 308 217 22 69 3 9 9 99.1 99.0 100.0

All banks ....................................... 107 104 3 103 100 30 12 58 3 4 4 97.2 97.0 100.0

Unit banks 81* 81 3 82 79 17 9 53 3 2 2 96.1* 96.3 100.0

Banks ojpctatinQ btanchcs 23 23 21 21 13 3 5 2 2 100.0 100.0 100.0

Branches4 • •. • • 213 213 208 208 187 10 11 5 5 100.0 100.0 100.0

181 177 4 181 177 75 36 66 4 97.8 97.8

All 181 177 4 181 177 75 36 66 4 97.8 97.8

Unit banks 181 177 It. 181 177 75 36 66 •4 97.8 97.8

Wisconsin............................................... 707 699 8 703 696 110 78 508 4 3 4 3 1 99.3 99.4 75.0

All banks............................................... 557 550 7 553 547 95 71 381 3 3 4 3 1 99.3 99.5 75.0

Unit banks...................................... , 1*67

90

150

1*61

89

6 1*63 1*58 91 67 300 2 3 U 3 1 99.1* 99.6 75.0

Banks opcvatinQ bvanchcs 1 90 89 U h 81 1 98.9 98.9

T^ron nil oc 149 1 150 149 15 7 127 1 99.3 99.3

116 FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
W yom ing....................................

All banks..................................

Unit banka...........................

Banks operating branches.

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

Other area

Alaska5.........................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

American Sam oa....................

All banks..................................

Unit banks...........................

Banks operating branches.

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

100.0

100.0

100.0

100.0

100.0

75.0

55.6

33.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

75.0

55.5

33.3

100.0

100.0

Hawaii6........................................

All banks..................................

Unit banks...........................

Banks operating branches.

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

Mariana Islands......................

All banks..................................

Unit banks...........................

Banks operating branches.

Branches4 ................................

51

11.7

60.0

60.0

7.3

11.7

60.0

60.0

7.3

Panama Canal Zone.............

All banks..................................

Unit banks..........................

Banks operating branches.

Branches4................................

Puerto R ico...............................

All banks..................................

Unit banks...........................

Banks operating branches.

Branches4.................................

Virgin Islands7..........................

All banks..................................

Unit banks...........................

Banks operating branches.

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

90.1

70.0

66.7

71.h

93.4

80.0

66.7

100.0

100.0

90.1

70.0

66.7

71.U

93.4

100.0

100.0

100.0

100.0

1 Percentages are based on totals for all banks, excluding nondeposit trust companies.

2 Includes 1 trust company in Missouri member of the Federal Reserve System.

3 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.

4 Includes branches operated by banks located in other states or areas as follows: 1 noninsured branch in Massachusetts operated by a New York bank; 2 insured branches in

New York operated by a Puerto Rico bank; 1 insured branch in Oregon operated by a California bank; 1 insured branch in Pennsylvania operated by a New Jersey bank and 1 non- l“-4

insured branch in Pennsylvania operated by a New York bank; 2 insured branches in Washington operated by a California bank; 3 noninsured branches in the Mariana Islands operated l_"t

by a California bank; 4 noninsured branches in the Panama Canal Zone operated by 2 New York banks; and 9 insured branches in Puerto Rico operated by 2 New York banks.

5 Includes 6 insured national banks, not members of the Federal Reserve System,

s Includes, among noninsured banks, 1 national bank operating 22 branches.

^Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch.

Back figures: See the Annual Report for 1954, pp. 110-117, and earlier reports.

NUMBER. OFFICES, AND DEPOSITS OF OPERATING BANKS

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 103. N u m b e r a n d D e p o s its 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 ( C o n t in e n t a l U . S. an d O t h e r A r e a s ), D e c e m b e r 31, 1955

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND BY DISTRICT AND STATE

FDIC District

and State

Total United

States.................

Continental U .S .

Other areas..........

FDIC District

District 1 .................

District 22...............

District 3 .................

District 4 .................

District 5 .................

District 6 .................

District 7 .................

District 8 .................

District 9 .................

District 10..............

District 11..............

District 123.............

State

Alabama..................

Arizona....................

Arkansas.................

California................

Colorado..................

Connecticut............

Delaware.................

Dist. of Columbia.

Florida.....................

Georgia....................

Idaho........................

Illinois......................

Indiana....................

Iowa.........................

Kansas.....................

Number of banks

All

banks1

14,284

14,242

42

823

1,003

1,451

1,043

1,079

1,502

1,454

1,586

1,119

1,624

1,172

428

237

11

233

149

165

169

32

17

238

407

36

919

477

667

601

Commercial and stock savings

banks and nondeposit

trust companies

Total

13,756

13,715

41

482

848

1,441

1,035

1,079

1,502

1,446

1,586

1,118

1,624

1,172

423

237

11

233

149

165

30

17

238

407

36

919

473

667

601

Insured

13,237

13,215

22

441

831

1.424

1,019

1,013

1,458

1.425

1,532

1,102

1,465

1,134

393

237

10

228

140

154

87

29

17

233

349

36

913

466

619

502

Noninsured

Banks

of depost1

460

446

14

38

10

14

16

63

36

12

50

15

152

37

17

3

6

47

99

Nondeposit

trust

comMutual savings banks

Total

528

527

1

341

155

10

Insured

220

220

38

153

10

7

Noninsured

308

307

1

303

2

Deposits (in thousands of dollars)

All

banks

221,391,573

220,435,585

955,988

16,744

62,988

24,145

10,998

8,325

11,100

15,749

18,232

5,610

7,690

13,849

25,956

,356

,408

,448

,537

638

,427

,615

,212

,690

,369

,539

,334

1.681.554

754,415

1,044,667

19,128,107

1.598.522

4,021,885

727,804

1,376,350

3.294.523

2.332.554

542,520

15,549,885

4,211,746

2,682,327

2,028,317

Commercial and stock savings

banks and nondeposit

trust companies

Total

193,204,839

192,249,049

955,790

9,220,642

45,314,749

22,272,858

10,507,814

8,325,638

11,100,427

15,674,946

18,232,212

5,378,891

7,690,369

13,849,539

25,636,754

1.681.554

754,415

1,044,667

19,128,107

1.598.522

2.178.554

610,455

1,376,350

3.294.523

2.332.554

542,520

15,549,885

4,156,975

2,682,327

2,028,317

Insured

190,988,628

190,506,715

481,913

8,956,086

44,702,370

22,223,640

10,354,546

8,293,957

11,061,076

15,652,033

18,115,012

5,245,693

7,534,542

13,745,620

25,104,053

1,681,554

750,170

1,042,003

19,065,489

1,594,259

2,149,293

605,194

1,376,350

3,284,743

2,319,735

542,520

15,515,476

4,151,369

2,599,536

1,909,454

Mutual savings banks

Noninsured Total Insured

Noninsured

2,216,211

1,742,334

473,877

264,556

612,379

49,218

153,268

31,681

39,351

22,913

117,200

133,198

155,827

103,919

532,701

28,186,734

28,186,536

198

7,523,714

17,673,659

1,872,590

490,723

21.237.020

21.237.020

6,949,714

6,949,516

198

6,837,765

92,700

685,949

17,580,959

1,872,590

486,098 4,625

74,669 60,045 14,624

231,799 231,799

319,580 319,580

4,245

2,664

62,618

4,263

29,261

5,261

1,843,331

117,349

106,806

24,847

1,736,525

92,502

9,780

12,819

34,409

5,606

82,791

118,863

54,771 40,773 13,998

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..............

Other area

Alaska........................

American Samoa. . .

Hawaii.......................

Mariana Islands*. ..

Panama Canal Zone4

Puerto Rico4.............

Virgin Islands..........

367

175

91

160

366

420

681

197

603

113

420

6

110

320

51

638

220

154

626

385

50

825

18

149

171

299

935

51

69

316

107

181

557

53

367

175

59

152

177

420

680

197

603

113

420

6

76

297

51

509

220

154

623

385

49

818

10

149

171

299

935

51

62

316

103

181

553

53

353

174

52

151

170

412

669

194

585

113

379

6

63

294

51

499

219

149

620

377

47

804

8

139

171

51

61

316

100

177

547

53

10

32

8

189

129 129

23

1

18S

2,006,777

2.571.994

882,993

2,570,595

9,450,098

7,808,050

3.704.474

1,017,007

5.410.995

701,703

1,499,084

290,625

746,781

6,849,632

526,867

55,058,064

2,446,038

615,294

10,200,430

2,231,143

1,855,666

13,945,018

1.224.475

853,129

589,219

2,637,988

9,996,263

820,981

418,124

2,661,049

2,715,355

1,091,376

3,729,819

333,303

151,525

1,429

405,712

23,532

20,882

340,138

12,770

2,006,777

2.571.994

567,415

2,079,872

4,967,968

7,808,050

3,472,675

1,017,007

5.410.995

701,703

1,499,084

290,625

351,760

5.839.263

526,867

38,512,321

2,446,038

615,294

9,824,765

2,231,143

1,825,923

12,448,093

847,403

853,129

589,219

2,637,988

9.996.263

820,981

307,542

2,661,049

2,425,518

1,091,376

3,709,921

333,303

151,525

1,429

405,712

23,532

20,882

340,138

12,572

1,993,710

2,571,132

525,437

1,968,229

4,855,663

7,797,252

3,461,445

1,007,925

5.393.593

701,703

1,470,854

290,625

295,773

5,839,249

526,867

37,943,958

2,422,299

493,326

9,820,382

2,226,672

1,816,901

12,403,258

822,378

848,104

589,219

2,631,770

9,897,451

820,981

307,542

2,661,049

2.399.593

1,078,515

3,703,412

333,303

129,118

' 38,826

301,397

12,572

13,067

862

41,978

111,643

112,305

10,798

11,230

9,082

17,402

315,578

490,723

4,482,130

50,562

486,098

265,016

4,625

4,482,130

231,799 231,799

28,230

55,987

14

395,021

1,010,369

231,525

1,010,369

163,496

568,363

23,739

121,968

4,383

4,471

9,022

44,835

25,025

5,025

16,545,743 16,545,743

375,665 375,665

29,743

1,496,925

377,072

29,743

1,496,925

186,474 190,598

6,218

98,812

110,582 110,582

25,925

12,861

6,509

289,837 289,837

19,898 19,272 626

22,407

1,429

366,886

23,532

20,882

38,741

198 198

1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) for which deposits are not available.

2 Includes Puerto Rico and the Virgin Islands.

8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.

4 Includes deposit data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in Saipan); 4

nomnsured branches in the Panama Canal Zone; and 9 insured branches 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 1954, pp. 118-119, and earlier reports.

NUMBER, 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 4 .

T a b le 1 0 5 .

T a b l e 1 0 6 .

T a b l e 1 0 7 .

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

A s s e t s a n d lia b ilitie s o f o p e r a tin g b a n k s in th e U n i t e d S t a t e s ( c o n tin e n ta l U . S .

a n d o t h e r a r e a s ), J u n e 3 0 , 1 9 5 5

Banks grouped according to insurance status and type of bank

A s s e t s a n d lia b ilitie s o f o p e r a tin g b a n k s in th e U n i t e d S t a t e s (c o n t in e n t a l U . S .

a n d o t h e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5

Banks grouped according to insurance status and type of hank

A s s e t s a n d lia b ilitie s o f o p e r a tin g b a n k s in th e U n i t e d S t a t e s ( c o n tin e n ta l U . S .

a n d o t h e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5

Banks grouped by district and State

A s s e t s a n d lia b ilitie s o f o p e r a tin g in s u r e d b a n k s in t h e U n i t e d S t a t e s (c o n t in e n t a l

U . S . a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5 , J u n e 3 0 , 1 9 5 5 , a n d D e c e m b e r 3 1 , 1 9 5 4

The data in these tables relate to banks operating in the United 

States (continental U. S. and other areas). Data from the same tabulations for all operating banks in each State and other area are also 

shown in the Corporation’s publication, “ Assets, Liabilities, and 

Capital Accounts, Commercial and Mutual Savings Banks,” as follows:

For June 30, 1955 Report No. 43, pp. 4-5.

For December 31, 1955 Report No. 44, pp. 4-5.

120 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Statements of assets and liabilities are submitted by insured commercial banks upon either a cash or an accrual basis, depending upon 

the bank’s method of bookkeeping. Assets reported represent aggregate 

book value, on the date of call, less valuation and premium reserves.

Assets and liabilities held in or administered by a savings, bond, 

insurance, real estate, foreign, or any other department of a bank, 

except a trust department, are consolidated with the respective assets 

and liabilities of the commercial department. “Deposits of individuals, 

partnerships, and corporations” include trust funds deposited by a trust 

department in a commercial or savings department. Other assets held 

in trust are not included in statements of assets and liabilities.

In the case of banks with one or more domestic branches, the assets 

and liabilities reported are consolidations of figures for the head office 

and all domestic branches. In the case of a bank with foreign branches, 

net amounts due from its own foreign branches are included in “ Other 

assets,” and net amounts due to its own foreign branches are included 

in “ Other liabilities.” Branches outside the continental United States 

of insured banks in the United States are treated as separate entities 

but as in the case of other branches are not included in the count of 

banks. Data for such branches are not included in the figures for the 

States in which the parent banks are located. Asset and liability data 

for nine branches in Puerto Rico of two banks in New York are included 

with insured bank figures for Puerto Rico and for all insured banks.

Demand balances with and demand deposits due to banks in the 

United States, except private banks and American branches of foreign 

banks, exclude reciprocal interbank deposits. Reciprocal interbank 

deposits arise when two banks maintain deposit accounts with each 

other.

Individual loan items are reported gross instead of net of valuation 

reserves. Accordingly, reserves for losses on loans are shown separately.

Instalment loans are ordinarily reported net if the instalment payments are applied directly to the reduction of the loan. Such loans are 

reported gross if, under contract, the payments do not immediately 

reduce the unpaid balances of the loan but are assigned or pledged to 

assure repayment at maturity.

Total deposits shown in these tables are not the same as the deposits 

upon which assessments paid to the Federal Deposit Insurance Corporation are based. The assessment base is slightly lower due to certain 

exclusions which are permitted and deductions which may be claimed.

Asset and liability data for noninsured banks are tabulated from 

reports pertaining to the individual banks. In a few cases these reports 

are not as detailed as those submitted by insured banks, and some of 

the items reported have been allocated to more detailed categories 

according to the distribution of asset and liability data for insured 

State banks not members of the Federal Reserve System or for other 

noninsured banks.

S o u rc es o f d a ta

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 Rankers

Directory; Polk’s Bankers Encyclopedia; and reports from individual 

banks.

ASSETS AND LIABILITIES OF OPERATING BAN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 104. A s s e ts a n d L ia b il it ie s o f O p e r a t in g B a n k s in t h e U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ), J u n e 30, 1955

BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK

(Amounts in thousands of dollars) to

to

Asset, liability, or capital account item

All banks

Commercial and stock savings banks and

nondeposit trust companies Mutual savings banks

Noninsured

Total Insured Noninsured Total Insured Banks

of

deposit

Nondeposit

trust

companies1

Total Insured Noninsured

230,685,747 220,326,911 10,358,836 200,303,849 197,565,834 2,530,229 207,786 30,381,898 22,761,077 7,620,821

42,190,599

2,853,300

17,942,068

11,098,777

343,255

115,060

9,838,139

41,573,235

2,771,901

17,942,068

10,634,150

331,630

102,498

9,790,988

617,364

81,399

‘464,627

11,625

12,562

47,151

41,201,787

2,734,180

17,940,586

10,565,568

45,673

115,060

9,800,720

40,764,826

2,682,964

17,940,586

10,234,687

39,288

102,498

9,764,803

388,755

49,388

289,634

5,027

11,963

32,743

48,206

1,828

41,247

1,358

599

988,812

119,120

1,482

533,209

297,582

808,409

88,937

1,482

399,463

292,342

180,403

30,183

133,746

5,240

3,174 37,419 26,185 11,234

93,248,571

72,214,824

13,500,904

6,452,719

1,080,124

88,001,536

68,451,960

13,135,937

5,728,141

685,498

5,247,035

3,762,864

364,967

724,578

394,626

80,430,593

63,539,334

12,844,748

3,586,731

459,780

78,951,432

62,453,893

12,582,949

3,501,906

412,684

1,367,028

1,020,664

238,042

80,781

27,541

112,133

64,777

23,757

4,044

19,555

12,817,978

8,675,490

656,156

2,865,988

620,344

9,050,104

5,998,067

552,988

2,226,235

272,814

3,767,874

2,677,423

103,168

639,753

347,530

91,826,835

1,331,027

93,157,862

29,081,384

87,497,152

1,305,255

88,802,407

28,867,731

4,329,683

25,772

4,355,455

213,653

75,654,994

1,126,273

76,781,267

29,041,767

74,930,595

1,124,095

76,054,690

28,832,535

697,046

2,136

699,182

208,302

27,353

42

27,395

930

16,171,841

204,754

16,376,595

39,617

12,566,557

181,160

12,747,717

35,196

3,605,284

23,594

3,628,878

4,421

886,567

3,530,661

2,858,738

1,640,544

36,112,258

1,321,815

874,222

3,465,856

2,834,399

1,594,532

32,325,896

1,287,1*19

12,345 

64,805 

24,339 

46,012 

3,786,362 

31*,396

886,567

3,528,953

2,858,738

1,635,128

19,939,642

1,262,917

874,222

3,464,296

2,834,399

1,591,377

19,713,060

1,21*3,322

12,345

64,500

24,339

39,232

207,603

18,757

157 1,708 1,560 148

4,519

18,979

838

5,416

16,172,616

58,898

3,155 

12,612,836 

1*1+,097

2.261 

3,559,780 

11+, 801

8,361,162

8,577,101

12,528,131+

5,321*,01+6

16,577,566 

418,448 

2,051,696

7,873,870

7,1+22,1*02

10,807,01*8

1*,935,157

16,406,554 

418 366

1+87,292

1,151+,699

1,721,086

388,889

171,012 

82

1*, 361,1*78

3,600,611

7,165,71*0

3,51*8,896

16,444,444 

418,448 

2,027,580

1*,308,937

3,562,1*13

7,086,127

3,512,261

16,333,245 

418,366 

1,993,190

50,1*95

35,696

68,81*0

33,815

109,870

82

2,01*6

2,502

10,773

2,820

1,329

3,999,681*

1*,976,1*90

5,362,391*

1,775,150

133,122

3,561*,933

3,859,989

3,720,921

1,1*22,896

73,309

l+Sl+,751

1,116,501

1,61*1,1*73

352,251+

59,813

2,014,851 36,845 32,909 1,481 24,116 21,661 2,455

3,419,742

1,795,346

159,724

1,464,672

3,254,988

1,737,216

144,668

1,373,104

164,754

58,130

15,056

91,568

3,016,475

1,622,447

154,445

1,239,583

2,918,981

1,602,278

142,102

1,174,601

77,400

13,624

5,211

58,565

20,094

6,545

7,132

6,417

403,267

172,899

5,279

225,089

336,007

134,938

2,566

198,503

67,260

37,961

2,713

26,586

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

Cash, balances with other banks, and cash

collection items— total................................

Currency and coin.................................................

Reserve with F. R. banks (member banks)..

Demand balances with banks in U. S..............

Other balances with banks in U. S...................

Balances with banks in foreign countries. . . .

Cash items in process of collection...................

Securities— total.....................................................

U. S. Gov’t, obligations (incl. guaranteed). ..

Obligations of States and subdivisions............

Other bonds, notes, and debentures.................

Corporate stocks....................................................

Loans and discounts, net— total.....................

Valuation reserves......................................................

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:

Insured by FHA ...........................................

Insured or guaranteed by V A ......................

Not insured or guaranteed by FHA or V A .

Other properties...................................................

Other loans to individuals...................................

Loans to banks.. : : ........................ .. ..................

All other loans (including overdrafts)..............

Miscellaneous assets— total...............................

Bank premises owned, furniture and fixtures.

Other real estate— direct and indirect.............

All other miscellaneous assets............................

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Total liabilities and capital accounts...............

Business and personal deposits— total.........

Deposits of individuals, partnerships, and

corporations— demand.....................................

Deposits of individuals, partnerships, and

corporations— time............................................

Certified and officers* checks, cash letters of

credit and travelers’ checks outstanding,

and amounts due to Federal Reserve banks.

Government deposits— total.............................

United States Government— demand..............

United States Government— time.....................

States and subdivisions— demand.....................

States and subdivisions— time............................

Interbank and postal savings deposits—

tota l......................................................................

Banks in the United States— demand.............

Banks in the United States— time....................

Banks in foreign countries— demand...............

Banks in foreign countries— time......................

Postal savings.........................................................

230,685,747 220,326,911 10,358,836 200,303,849 197,565,834 2,530,229 207,786 30,381,898 22,761,077 7,620,821

176,094,739

99,941,608

72,973,614

3,179,517

167,851,931

98,924,533

65,778,435

3,148,963

8,242,808

1,017,075

7,195,179

30,554

148,787,977

99,901,459

45,713,016

3,173,502

147,285,730

98,885,201

45,257,057

3,143,472

1,415,204

930,385

454,903

29,916

87,043

85,873

1,056

114

27,306,762

40,149

27,260,598

6,015

20,566,201

39,332

20,521,378

5,491

6,740,561

817

6,739,220

524

18,382,824

5,158,887

352,668

10,351,680

2,519,589

18,072,974

5,090,847

350,392

10,202,458

2,429,277

309,850

68,040

2,276

149,222

90,312

18,358,365

5,155,726

352,583

10,346,808

2,503,248

18,051,430

5,088,649

350,383

10,197,986

2,414,412

306,935

67,077

2,200

148,822

88,836

24,459

3,161

85

4,872

16,341

21,544

2,198

9

4,472

14,865

2,915

963

76

400

1,476

15,293,595

11,918,203

354,079

1,579,931

1,409,305

32,077

14,839,370

11,808,666

63,390

1,535,162

1,400,718

31,434

454,225

109,537

290,689

44,769

8,587

643

15,291,037

11,917,843

351,881

1,579,931

1,409,305

32,077

14,836,893

11,808,306

61,273

1,535,162

1,400,718

31,434

453,849

109,243

290,608

44,768

8,587

643

295

294

1

2,558

360

2,198

2,477

360

2,117

81

81

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........................................................

209,771,158

132,129,826

77,61*1,332

200,764,275

130,710,629

70,053,61*6

9,006,883

1,419,197

7,587,686

182,437,379

132,075,269

50,362,110

180,174,053

130,658,776

49,515,277

2,175,988

1,330,211

845,777

87,338

86,282

1,056

27,333,779

54,557

27,279,222

20,590,222

51,853

20,538,369

6,743,557

2,704

6,740,853

3,154,662

156,226

2,998,436

2,990,302

138,166

2,852,136

164,360

18,060

146,300

2,863,465

155,726

2,707,739

2,784,366

137,666

2,646,700

66,084

15,051

51,033

13,015

3,009

10,006

291,197

500

290,697

205,936

500

205,436

85.261

85.261

212,925,820 203,754,577 9,171,243 185,300,844 182,958,419 2,242,072 100,353 27,624,976 20,796,158 6,828,818

17,759,927

70,264

4,528,154

9,055,703

4,105,806

16,572,334

48,891

4,408,378

8,451,182

3,663,883

1,187,593

21,373

119,776

604,521

441,923

15,003,005

70,264

4,528,154

7,114,952

3,289,635

14,607,415

48,891

4,408,378

6,976,016

3,174,130

288,157

21,373

80,965

99,890

85,929

107,433

38,811

39,046

29,576

2,756,922

(2)

1,964,919

(2)

792,003

Surplus......................................................................

Undivided profits and reserves..........................

1,940,751

816,171

1,475,166

489,753

465,585

326,418

Number of banks*.......................................................... 14,350 13,505 845 13,821 13,287 473 61 529 218 311

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

* Not reported separately. Included with “ Undivided profits and reserves.*’

3 Includes 17 noninsured banks of deposit for which asset and liability data are not available.

Back figures: See the Annual Report for 1954, pp. 122-123, and earlier reports.

ASSETS AND LIABILITIES OF OPERATING BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 105. A s s e t s a n d L ia b il it ie s o f O p e r a t in g B a n k s in t h e U n ite d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s), D e c e m b e r 31, 1955

b a n k s g r o u p e d acco r d in g to in s u r a n c e st a t u s a n d t y p e of b a n k

(Amounts in thousands of dollars)

All banks Commercial and stock savings banks and

nondeposit trust companies Mutual savings banks

Noninsured

Total Insured Noninsured Total Insured Banks

of

deposit

Nondeposit

trust

companies1

Total Insured Noninsured

243,105,011 232,602,859 10,502,152 211,830,899 209,144,779 2,505,850 180,270 31,274,112 23,458,080 7,816,032

47,979,131

2,873,239

18,722,421

12,638,053

277,533

102,603

13,365,282

47,345,333

2,784,624

18,722,421

12,164,941

266,079

98,017

13,309,251

633,798

88,615

47,013,730

2,738,625

18,721,112

12,075,686

53,170

102,603

13,322,534

46,559,853

2,683,954

18,721,112

11,732,460

45,208

98,017

13,279,102

416,689

52,806

37,188

1,865

965,401

134,614

1,309

562,367

224,363

785.480

100,670

1,309

432.481

220,871

179,921

33,944

473,112

11,454

4,586

56,031

311,631

7,819

2,948

31,595

143

1,638

1,947

129,886

3,492

41,485 42,748 30,149 12,599

91,063,728

70,309,691

13,395,431

6,234,204

1,124,402

86,008,652

66,734,713

13,034,895

5,517,344

721,700

5,055,076

3,574,978

360,536

716,860

402,702

78,621,769

61,850,177

12,758,672

3,543,900

469,020

77,240,419

60,876,637

12,500,910

3,441,695

421,177

1,282,902

924,601

231,603

98,403

28,295

98,448

48,939

26,159

3,802

19,548

12,441,959

8,459,514

636,759

2,690,304

655,382

8,768,233

5,858,076

533,985

2,075,649

300,523

3,673,726

2,601,438

102,774

614,655

354,859

100,575,185

1,483,585

102,058,770

33,455,594

95,923,415

1,457,247

97,380,662

33,238,262

4,651,770

26,338

4,678,108

217,332

83,118,526

1,269,957

84,388,483

33,423,420

82,360,421

1,267,677

83,628,098

33,209,723

732,512

2,234

734,746

212,656

25,593

46

25,639

1,041

17,456,659

213,628

17,670,287

32,174

13,562,994

189,570

13,752,564

28,539

3,893,665

24,058

3,917,723

3,635

1,168,606

3,326,487

3,263,182

1,815,412

38,460,919

1,355,467

1,146,742

3,266,323

3,229,525

1,759,572

34,375,911

1,322,578

21,864

60,164

33,657

55,840

4,085,008

32,889

1,168,606

3,324,755

3,263,182

1,797,385

21,004,261

1,296,991

1,146,742

3,264,723

3,229,525

1,744,381

20,767,275

1,278,753

21,864

59,872

33,657

48,407

219,803

17,293

160 1,732 1,600 132

4,597

17,183

945

18,027

17,456,658

58,476

15,191

13,608,636

43,825

2,836

3,848,022

14,651

8,709,494

9,483,106

13,262,400

5,650,452

17,403,150

574,723

2,590,697

8,178,227

8,217,482

11,419,564

5,238,060

17,237,082

572,826

2,554,419

531,267

1,265,624

1,842,836

412,392

166,068

1,897

36,278

4,560,085

3,710,583

7,617,449

3,819,153

17,265,859

574,723

2,566,292

4,506,346

3,670,740

7,538,257

3,773,179

17,159,640

572,826

2,533,263

51,840

36,995

70,600

43,075

104,627

1,897

31,963

1.899

2,848

8.592

2.899

1.592

4,149,409

5,772,523

5,644,951

1,831,299

137,291

3.671.881

4,546,742

3,881,307

1.464.881

77,442

477,528

1,225,781

1,763,644

366,418

59,849

1,066 24,405 21,156 3,249

3,486,967

1,898,262

170,529

1,418,176

3,325,459

1,838,983

155,812

1,330,664

161,508

59,279

14,717

87,512

3,076,874

1,719,244

166,240

1,191,390

2,984,086

1,700,036

154,132

1,129,918

73,747

13,571

4,996

55,180

19,041

5,637

7,112

6,292

410,093

179,018

4,289

226,786

341,373

138,947

1,680

200,746

68,720

40,071

2,609

26,040

Asset, liability, or capital account item

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

Gash, balances with other banks, and cash

collection items— total................................

Currency and coin.................................................

Reserve with F. R. banks (member banks). .

Demand balances with banks in U. S..............

Other balances with banks in U. S...................

Balances with banks in foreign countries. . . .

Cash items in process of collection...................

Securities— total.....................................................

U. S. Gov’t, obligations (incl. guaranteed). ..

Obligations of States and subdivisions............

Other bonds, notes, and debentures.................

Corporate stocks....................................................

Loans and discounts, net— total.....................

Valuation reserves......................................................

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:

Insured by F H A ........................................

Insured or guaranteed by V A .................

Not insured or guaranteed by FHA or V A .

Other properties...................................................

Other loans to individuals...................................

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

All other loans (including overdrafts)..............

Miscellaneous assets— total...............................

Bank premises owned, furniture and fixtures.

Other real estate— direct and indirect.............

All other miscellaneous assets............................

124 FEDERAL DEPOSIT INSURANCE CORPORATION

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Total liabilities and capital accounts...............

Business and personal deposits— tota l.........

Deposits of individuals, partnerships, and

corporations— demand.....................................

Deposits of individuals, partnerships, and

corporations— time............................................

Certified and officers’ checks, cash letters of

credit and travelers’ checks outstanding,

and amounts due to Federal Reserve banks.

Government deposits— total.............................

United States Government— demand..............

United States Government— time.....................

States and subdivisions— demand.....................

States and subdivisions— time...........................

Interbank and postal savings deposits—

tota l.....................................................................

Banks in the United States— demand.............

Banks in the United States— time....................

Banks in foreign countries— demand...............

Banks in foreign countries— time......................

Postal savings.......................................................

243,105,011 232,602,859 10,502,152 211,830,899 209,144,779 2,505,850 180,270 31,274,112 23,458,080 7,816,032

187,801,211

109,434,462

74,443,954

3,922,795

179,317,302

108,365,703

67,058,281

3,893,318

8,483,909

1,068,759

7,385,673

29,477

159,642,135

109,394,215

46,330,850

3,917,070

158,104,999

108,326,298

45,890,648

3,888,053

1,470,171

1,002,317

438,865

28,989

66,965

65,600

1,337

28

28,159,076

40,247

28,113,104

5,725

21,212,303

39,405

21,167,633

5,265

6,946,773

842

6,945,471

460

16,897,634

3,788,108

341,181

10,345,502

2,422,843

16,592,560

3,729,538

339,013

10,187,514

2,336,495

305,074

58,570

2,168

157,988

86,348

16,872,662

3,784,425

341,095

10,340,336

2,406,806

16,570,473

3,726,758

339,003

10,182,708

2,322,004

302,189

57,667

2,092

157,628

84,802

24,972

3,683

86

5,166

16,037

22,087

2,780

10

4,806

14,491

2,885

903

76

360

1,546

16,692,728

13,524,819

267,611

1,548,195

1,320,746

31,357

16,315,786

13,397,581

53,439

1,516,423

1,317,629

30,714

376,942

127,238

214,172

31,772

3,117

643

16,690,042

13,524,484

265,260

1,548,195

1,320,746

31,357

16,313,156

13,397,246

51,144

1,516,423

1,317,629

30,714

376,885

127,238

214,116

31,771

3,117

643

1

1

2,686

335

2,351

2,630

335

2,295

56

56

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........................................................

221,391,573

11*2,562,881

78,827,692

212,225,648

11*1,090,077

71,135,571

9,165,925

1,1+73,801*

7,692,121

193,204,839

11*2,508,725

50,696,111*

190,988,628

11*1,037,1*86

1*9,951,11*2

2,149,245

1,1*05,610

71*3,635

66,966

65,629

1,337

28,186,734

55,156

28,131,578

2 f, 237,020

52,591

21,181*,1*29

6,949,714

2,565

6,91*7,11*9

3,503,132

174,195

3,328,937

3,362,435

151,618

3,210,817

140,697

22,577

118,120

3,227,858

170,296

3,057,562

3,147,093

150,318

2,996,775

66,539

16,488

50,051

14,226

3,490

10,736

275,274

3,899

271,375

215,342

1,300

214,042

59,932

2,599

57,333

224,894,705 215,588,083 9,306,622 196,432,697 194,135,721 2,215,784 81,192 28,462,008 21,452,362 7,009,646

18,210,306

71,497

4,635,473

9,327,118

4,176,218

17,014,776

50,124

4,517,265

8,723,412

3,723,975

1,195,530

21,373

118,208

603,706

452,243

15,398,202

71,497

4,635,473

7,340,925

3,350,307

15,009,058

50,124

4,517,265

7,208,545

3,233,124

290,066

21,373

81,427

97,921

89,345

99,078

36,781

34,459

27,838

2,812,104

(2)

2,005,718

(2)

806,386

Surplus......................................................................

Undivided profits and reserves..........................

1,986,193

825,911

1,514,867

490,851

471,326

335,060

Number of banks3........................................................... 14,284 13,457 827 13,756 13,237 460 59 528 220 308

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.

2 Not reported separately. Included with “ Undivided profits and reserves.”

8 Includes 19 noninsured banks of deposit for which asset and liability data are not available.

Back figures, 1931*-1951*: See the preceding table and the Annual Report for 1954, pp. 124-125, and earlier reports.

to

OxASSETS AND LIABILITIES OF OPERATING B,

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Federal Reserve Bank of St. Louis
Table 106. A s s e t s an d L ia b i lit 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 ( C o n t in e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1955 h*

BANKS GROUPED BY DISTRICT AND STATE OS

(Amounts in thousands of dollars)

Assets Liabilities and capital accounts

FDIC District

and State

NumTotal

Deposits

ber of

banks1 Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans, discounts, and

overdrafts

Miscellaneous

assets

Business

and

personal2

Government3Interbank4

Miscellaneous

liabilities

Total

capital

accounts

Total United S tates... 14,284 47,979,131 70,309,691 20,754,037 100,575,185 3,486,967 243,105,011 187,801,211 16,897,634 16,692,728 3,503,132 18,210,306

Continental U. S___ 14,242 47,801,990 70,050,239 20,670,260 100,054,919 3,425,488 242,002,896 187,088,256 16,671,020 16,676,309 3,455,202 18,112,109

Other areas. 42 177,141 259,452 83,777 520,266 61,479 1,102,115 712,955 226,614 16,419 47,930 98,197

FDIC District

District 1 ....................... 823 2,344,191 5,651,196 1,862,933 8,571,300 227,551 18,657,171 15,454,491 731,516 558,349 204,819 1,707,996

District 26...................... 1,003 12,520,321 16,897,668 6,008,060 33,649,068 1,263,518 70,338,635 53,943,722 2,871,676 6,173,010 1,573,723 5,776,504

District 3.... ............... 1,451 5,033,462 7,967,343 2,800,953 10,477,807 352,933 26,632,498 21,572,945 1,449,417 1,123,086 302,212 2,184,838

District 4 ....................... 1,043 2,561,530 3,826,995 977,993 4,474,773 195,606 12,036,897 9,158,545 1,064,309 775,683 132,960 905,400

District 5 ....................... 1,079 2,288,682 2,660,720 760,168 3,194,100 129,367 9,033,037 6,542,210 1,037,610 745,818 86,612 620,787

District 6 ....................... 1,502 3,112,332 3,419,831 854,294 4,551,930 122,002 12,060,389 8,655,067 977,526 1,467,834 96,604 863,358

District 7 ....................... 1,454 3,306,326 6,418,805 1,259,290 5,795,864 181,058 16,961,343 13,820,230 1,407,420 521,965 152,387 1,059,341

District 8 ....................... 1,586 4,193,100 6,904,705 1,755,245 6,744,496 140,216 19,737,762 15,254,926 1,426,060 1,551,226 145,547 1,360,003

District 9 ....................... 1,119 1,146,499 1,977,546 550,463

695,283

2,363,292 57,875 6,095,675 4,602,916 606,759 401,015 52,267 432,718

District 10..................... 1,624 2,093,895 2,617,445 2,888,936 70,794 8,366,353 6,055,828 1,018,415 616,126 66,046 609,938

District 11..................... 1,172 4,321,762 3,811,662 951,659 5,602,881 274,041 14,962,005 10,315,010 1,752,810 1,781,719 139,494 972,972

District 126................... 428 5,057,031 8,155,775 2,277,696 12,260,738 472,006 28,223,246 22,425,321 2,554,116 976,897 550,461 1,716,451

State

Alabama........................ 237 452,600 523,987 194,636 634,727 21,678 1,827,628 1,374,652 201,247 105,655 13,783 132,291

Arizona.......................... 11 147,506 215,436 68,676 370,079 23,845 825,542 635,954 105,002 13,459 13,785 57,342

Arkansas........................ 233 299,116 313,392 116,495 395,501 10,068 1,134,572 866,882 103,481 74,304 3,987 85,918

California...................... 149 3,689,338 5,994,400 1,668,333 9,140,388 336,789 20,829,248 16,610,967 1,725,551 791,589 473,332 1,227,809

Colorado........................ 165 415,497 554,459 79,273 669,266 14,026 1,732,521 1,345,562 137,110 115,850 15,005 118,994

Connecticut.................. 169 560,566 1,381,979 570,850 1,866,769 61,258 4,441,422 3,831,142 134,983 55,760 40,186 379,351

Delaware....................... 32 101,314 271,296 113,576 319,454 10,118 815,758 675,871 45,960 5,973 6,960 80,994

District of Columbia.. 17 343,585 473,525 69,927 579,680 26,461 1,493,178 1,237,662 45,127 93,561 15,234 101,594

Florida............................ 238 899,187 1,218,256 258,146 1,116,512 58,284 3,550,385 2,527,134 441,242 326,147 35,092 220,770

Georgia.......................... 407 667,229 627,410 156,927 1,067,649 37,391 2,556,606 1,831,063 256,795 244,696 32,925 191,127

Idaho.............................. 36 99,450 201,911 28,708 240,988 6,683 577,740 451,137 84,304 7,079 2,622 32,598

Illinois............................ 919 3,632,135 5,975,066 1,498,980 5,594,424

1,431,692

120,045 16,820,650 13,020,716 1,117,965 1,411,204 138,495 1,132,270

Indiana........................... 477 956,736 1,827,002 272,544 43,059 4,531,033 3,594,467 489,283 127,996 34,552 284,735

Iowa................................ 667 560,965 929,639 256,265 1,150,072 20,171 2,917,112 2,234,210 308,095 140,022 7,052 227,733

Kansas............................ 601 503,876 706,904 247,029 722,781 14,871 2,195,461 1,498,735 423,816 105,766 8,123 159,021

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Kentucky...................... 367 568,059 715,379 107,417 779,751

Louisiana....................... 175 745,634 906,056 233,757 846,844

Maine............................. 91 127,355 334,747 122,189 392,440

Maryland...................... 160 479,331 1,012,989 248,244 1,004,467

Massachusetts.............. 366 1,357,259 3,180,623 898,378 5,013,319

Michigan....................... 420 1,621,204 3,104,312 661,211 2,926,943

Minnesota..................... 681 788,932 1,179,759 380,233 1,652,157

Mississippi.................... 197 269,666 291,067 150,459 375,212

Missouri......................... 603 1,480,998 1,665,227 433,375 2,235,871

Montana........................ 113 153,053 260,214 60,081 265,522

Nebraska.. : ................. 420 376,435 547,914 135,232 567,507

Nevada.......................... 6 49,360 118,249 18,868 120,874

New Hampshire.......... 110 88,049 258,681 85,530 404,707

New Jersey................... 320 1,112,092 2,342,973 956,770 2,917,214

51 156,567 184,548 19,816 190,850

New York..................... 638 11,251,735 14,213,583 4,897,703 30,154,279

North Carolina. . : . . 220 626,144 700,680 294,636 1,030,337

North Dakota.............. 154 94,124 284,758 70,935 215,720

Ohio................................ 626 2,190,014 3,777,772 837,417 4,090,056

Oklahoma...................... 385 708,485 671,592 212,525 820,902

Oregon. : ........................ 50 329,797 633,193 191,837 834,559

Pennsylvania................ 825 2,843,448 4,189,571 1,963,536 6,387,751

Rhode Island................ 18 156,965 377,996 154,504 637,837

South Carolina............ 149 227,957 296,041 87,242 305,458

South Dakota............... 171 110,390 252,815 39,214 229,893

Tennessee...................... 299 764,159 725,833 197,007 1,140,807

Texas.............................. 935 3,272,055 2,505,622 629,410 4,195,108

Utah................................ 51 191,848 274,923 48,412 355,274

69 53,997 117,170 31,482 256,228

Virginia.......................... 316 620,177 874,581 204,238 1,161,303

Washington. : : : ........... 107 575,277 743,463 277,772 1,306,510

West Virginia............... 181 264,336 469,179 73,706 393,528

557 728,386 1,487,491 325,535 1,437,229

Wyoming....................... 53 89,602 136,576 21,224 108,480

Other area

18 29,797 69,725 12,654 45,932

American Samoa......... 1 509 963 133

Hawaii........................... 10 85,520 117,213 31,112 206,600

Mariana Islands7......... 1,350 8,353

Panama Canal Zone7 4,785 1,735 1,127

Puerto Rico7................. 10 53,288 63,013 40,003 253,190

Virgin Islands. . : ......... 3 1,892 6,803 8 4,931

17,193

35,586

11,905

64,316

123,019

2,187,799

2,767,877

988,636

2,809,347

10,572,598

1,642,349

1,762,290

825,186

2,255,417

8,544,776

169,600

518,631

46,171

210,523

444,519

194,828

291,073

11,636

104,655

460,803

15,538

37,140

7,347

22,790

131,695

165,484

158,743

98,296

215,962

990,805

97,494

38,357

12,014

56,411

8,368

8,411,164

4,039,438

1,098,418

5,871,882

747,238

6,872,086

3,049,395

809,361

4,150,401

586,161

690,889

305,456

138,326

456,541

86,508

245,075

349,623

69,320

804,053

29,034

100,288

38,187

4,812

49,776

6,125

502,826

296,777

76,599

411,111

39,410

12,721

6,019

7,997

107,219

7,043

1,639,809

313,370

844,964

7,436,268

558,824

1,201,699

238,073

704,441

6,268,501

385,862

144,943

50,832

29,458

491,304

124,143

152,442

1,720

12,882

89,827

16,862

16,873

3,785

7,861

64,678

2,852

123,852

18,960

90,322

521,958

29,105

1,125,313

36,268

5,448

125,626

25,876

61,642,613

2,688,065

670,985

11,020,885

2,439,380

46,750,676

1,865,692

468,072

8,971,865

1,743,987

2,239,004

284,551

135,885

833,361

259,054

6,068,384

295,795

11,337

395,204

228,102

1,460,251

49,764

4,429

94,863

24,254

5,124,298

192,263

51,262

725,592

183,983

31,411

227,307

17,813

10,188

5,702

2,020,797

15,611,613

1,345,115

926,886

638,014

1,594,143

12,601,080

1,153,560

696,227

499,288

229,113

616,056

55,870

127,309

78,910

32,410

727,882

15,045

29,593

11,021

27,058

207,349

14,255

6,727

3,526

138,073

1,459,246

106,385

67,030

45,269

38,330

207,567

10,752

5,559

43,859

2,866,136

10,809,762

881,209

464,436

2,904,158

1,995,435

7,530,904

644,999

395,386

2,180,644

247,904

1,005,034

122,642

20,515

280,262

394,649

1,460,325

53,340

2,223

200,143

27,303

85,717

7,796

3,475

27,774

200,845

727,782

52,432

42,837

215,335

39,741

14,514

40,505

3,300

2,942,763

1,215,263

4,019,146

359,182

2,421,721

922,903

3,353,677

265,845

210,468

116,537

227,248

53,492

83,166

51,936

148,894

13,966

29,772

10,671

17,547

1,791

197,636

113,216

271,780

24,088

2,693

13

10,348

14,318

13,239

160,801

1,618

450,793

24,021

99,381

718

343,052

11,135

50,354

661

56,991

12,397

10,803

1,790

50

5,669

578

16

5,009

489

8,698

173

40,072

20,886 9,995 84 4

20,709

159

430,203

13,793

240,604

8,070

90,712

4,696

8,822

4

41,671

163

48,394

860

1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) for which asset, liability, and capital account data are not available.

2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ checks, cash letters of credit, etc.

* Deposits of the United States Government and of States and subdivisions.

4 Interbank deposits and postal savings deposits.

6 Includes Puerto Rico and the Virgin Islands.

8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.

7 Includes asset and liability data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in

Saipan); 4 noninsured branches in the Panama Canal Zone; and 9 insured branches 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, 191*5-1951*: See the Annual Report for 1954, pp. 126-127, and earlier reports.

ASSETS AND LIABILITIES OF OPERATING BAN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
(Amounts in thousands of dollars)

Table 107. A sse ts a n d L ia b il it ie s o f O p e r a t in g I n s u r e d B a n k s in t h e U n it e d S t a t e s (C o n t in e n t a l U . S. a n d O th e r A r e a s),

D e c e m b e r 31, 1955, J u n e 30, 1955, a n d D e c e m b e r 31, 1954

to

00

Assets

All insured banks Insured commercial banks1 Insured mutual savings banks

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

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

Cash, balances with other banks, and cash collection items— total...................................................

Currency and coin..............................................................

Reserve with Federal Reserve banks (member banks)

Demand balances with banks in the United States

(except private banks and American branches

of foreign banks)............................................................

Other balances with banks in the United States....

Balances with banks in foreign countries....................

Cash items in process of collection................................

Obligations of the U. S. Government, direct and

guaranteed— total......................................................

Direct:

Treasury bills...................................................................

Treasury certificates of indebtedness........................

Treasury notes................................................................

United States non-marketable bonds........................

Other bonds maturing in 5 years or less..................

Other bonds maturing in 5 to 10 years....................

Other bonds maturing in 10 to 20 years..................

Other bonds maturing after 20 years........................

Guaranteed obligations (FHA debentures).................

Other securities— total.............. .....................................

Obligations of States and subdivisions. . : ...................

Other bonds, notes, and debentures.............................

Corporate stocks:

Federal Reserve banks..................................................

Other corporate stocks..................................................

Total securities........................................................

232,602,859 220,326,911 222,569,263 209,144,779 197,565,834 200,588,294 23,458,080 22,761,077 21,980,969

47,345,333

2,784,624

18,722,421

12,164,941

266,079

98,017

13,309,251

41,573,235

2,771,901

17,942,068

10,634,150

331,630

102,498

9,790,988

44,067,192

2,570,819

18,734,993

12,280,362

310,535

118,374

10,052,109

46,559,853

2,683,954

18,721,112

11,732,460

45,208

98,017

13,279,102

40,764,826

2,682,964

17,940,586

10,234,687

39,288

102,498

9,764,803

43,235,072

2,471,431

18,733,765

11,842,267

44,850

118,374

10,024,385

785.480

100,670

1,309

432.481

220,871

30,149

808,409

88,937

1,482

399,463

292,342

26,185

832,120

99,388

1,228

438,095

265,685

27,724

66,734,713

4,212,896

2,322,688

14,072,973

3,696,038

13,107,027

21,488,954

7,208,743

605,712

19,682

68,451,960

3,048,798

1,692,520

16,673,947

3,767,695

10,806,924

23,525,113

8,368,432

545,279

23,252

74,237,957

4,960,450

5,298,918

14,694,348

3,804,641

12,686,271

24,121,214

8,509,786

135,614

26,715

60,876,637

4,112,240

2,295,833

13,878,904

2,493,775

12,908,772

20,529,312

4,364,924

282,548

10,329

62,453,893

3,001,321

1,667,331

16,504,965

2,542,136

10,634,538

22,512,074

5,305,282

270,955

15,291

68,120,866

4,907,080

5,282,353

14,544,500

2,557,883

12,486,186

22,978,695

5,286,088

56,842

21,239

5,858,076

100,656

26,855

194,069

1,202,263

198,255

959,642

2,843,819

323,164

9,353

5,998,067

47,477

25,189

168,982

1,225,559

172,386

1,013,039

3,063,150

274,324

7,961

6,117,091

53,370

16,565

149,848

1,246,758

200,085

1,142,519

3,223,698

78,772

5,476

19,273,939

13,034,895

5,517,344

302,678

419,022

19,549,576

13,135,937

5,728,141

295,144

390,354

19,082,849

12,896,494

5,549,123

287,518

349,714

16,363,782

12,500,910

3,441,695

302,608

118,569

16,497,539

12,582,949

3,501,906

295,075

117,609

16,020,905

12,387,053

3,241,610

287,450

104,792

2,910,157

533,985

2,075,649

70

300,453

3,052,037

552,988

2,226,235

69

272,745

3,061,944

509,441

2,307,513

68

244,922

86,008,652 88,001,536 93,320,806 77,240,419 78,951,432 84,141,771 8,768,233 9,050,104 9,179,035

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Loans and discounts, net— total..................................

Valuation reserves..................................................................

Loans and discounts, gross— total..............................

Commercial and industrial loans (including open

market paper).................................................................

Loans to farmers directly guaranteed by the Commodity Credit Corporation.........................................

Other loans to farmers (excluding loans on real

estate) ...............................................................................

Loans to brokers and dealers in securities...................

Other loans for the purpose of purchasing or carrying

securities...........................................................................

Real estate loans— total...................................................

Farm land.........................................................................

Residential properties:

Insured by F H A .........................................................

Insured or guaranteed by V A ..................................

Not insured or guaranteed by FHA or V A ...........

Other properties................................................................

Other loans to individuals................................................

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

All other loans (including overdrafts)..........................

Total loans and securities..................................

Bank premises, furniture and fixtures, and other

real estate— total........................................................

Bank premises.....................................................................

Furniture and fixtures........................... ...........................

Real estate owned other than bank premises.............

Investments and other assets indirectly representing

bank premises or other real estate............................

Miscellaneous assets— total...........................................

Customers’ liability on acceptances outstanding. . . .

Income accrued but not collected..................................

Prepaid expenses.................................................................

Other assets.........................................................................

RATIOS

Percentages of total assets:

Cash and balances with other banks............................

U. S. Government obligations, direct and guaranteed

Other securities...................................................................

Loans and discounts..........................................................

Other assets.........................................................................

Total capital accounts......................................................

95,923,415

1,457,247

97,380,662

87,497,152

1,305,255

88,802,407

81,992,410

1,246,384

83,238,794

82,360,421

1,267,677

83,628,098

74,930,595

1,124,095

76,054,690

70,341,295

1,070,973

71,412,268

13,562,994

189,570

13,752,564

12,566,557

181,160

12,747,717

11,651,115

175,411

11,826,526

33,238,262 28,867,731 26,858,847 33,209,723 28,832,535 26,823,376 28,539 35,196 35,471

1,146,742

3,266,323

3,229,525

1,759,572

34,375,911

1,822,578

874,222

3,465,856

2,834,399

1,594,532

32,325,896

1,287,419

2,234,381

2,894,076

2,906,509

1,505,776

30,047,263

1,181,968

1,146,742

3,264,723

3,229,525

874,222 2,234,381

2,892,563

2,906,509

1,502,690

18,347,430

1,139,804

3,464,296

2,834,399

1,600 1,560 1,513

1,744,381

20,767,275

1,278,753

1,591,377

19,713,060

1,248,822

15,191

13,608,636

48,825

3,155

12,612,836

44,097

3,086

11,699,833

42,664

8,178,227

8,217,482

11,419,564

5,288,060

17,237,082

572,826

2,554,419

7,873,870

7,422,402

10,807,048

4,935,157

16,406,554

418,366

2,014,851

7,453,776

6,558,085

10,211,454

4,641,980

14,789,580

239,932

1,762,430

4,506,346

3,670,740

7,538,257

8,778,179

17,159,640

572,826

2,533,263

4,308,937

8,562,413

7,086,127

8,512,261

16,333,245

418,366

1,993,190

4,052,582

8,311,980

6,614,370

3,229,244

14,720,160

239,932

1,745,227

8.671.881

4,546,742

3,881,807

1.464.881

77,442

’ * ’ ‘ 21,156

3,564,983

8,859,989

8,720,921

1,422,896

73,309

.........21,661

3,401,194

8,246,155

3,597,084

1,412,786

69,420

........ 17,203

181,932,067 175,498,688 175,313,216 159,600,840 153,882,027 154,483,066 22,331,227 21,616,661 20,830,150

1,994,795

1,480,921

358,062

37,731

1,881,884

1,393,921

343,295

31,958

1,776,857

1,328,833

322,326

27,393

1,854,168

1,349,122

350,914

36,051

1,744,380

1,265,259

337,019

29,392

1,646,516

1,205,790

316,830

25,591

140,627

131,799

7,148

1,680

137,504

128,662

6,276

2,566

130,341

123,043

5,496

1,802

118,081 112,710 98,305 118,081 112,710 98,305

1,330,664

426,937

487,055

61,016

355,656

1,373,104

440,311

488,062

83,074

361,657

1,411,998

583,099

456,970

55,526

316,403

1,129,918

426,937

394,103

55,739

253,139

1,174,601

440,311

400,404

75,974

257,912

1,223,640

583,099

374,497

50,644

215,400

200,746

92,952

5,277

102,517

198,503

.........87,658

7,100

103,745

188,358

........ 82,473

4,882

101,003

20.4%

28.7

8.3

41.2

1.4

7.3

18.9%

31.0

8.9

39.7

1.5

7.5

19.8%

33.4

8.6

36.8

1.4

7.3

22.3%

29.1

7.8

39.4

1.4

7.2

20.6%

31.6

8.4

37.9

1.5

7.4

21.5%

34.0

8.0

35.1

1.4

7.1

3.3%

25.0

12.4

57.8

1.5

8.6

3.5%

26.4

13.4

55.2

1.5

8.6

3.8%

27.8

13.9

53.0

1.5

8.7

ASSETS AND LIABILITIES OF OPERATING BANKS 129

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Federal Reserve Bank of St. Louis
Table 107. A s s e t s an d L ia b i lit i e s o f O p e r a tin g In su re d B a n k s in t h e U n ite d S t a t e s ( C o n t in e n t a l U . S. an d O t h e r A r e a s ),

D e c e m b e r 31, 1955, J u n e 30, 1955, and D e c e m b e r 31, 1954— Continued

(Amounts in thousands of dollars)

Liabilities and capital

All insured banks Insured commercial banks1 Insured mutual savings banks

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

Dec. 31,

1955

June 30,

1955

Dec. 31,

1954

Total liabilities and capital accounts............................

Business and personal deposits— total......................

Deposits of individuals, partnerships, and corporations— demand........................................................

Deposits of individuals, partnerships, and corporations— time..............................................................

Certified and officers' checks, cash letters of credit

and travelers’ checks outstanding, and amounts

due to Federal Reserve banks.....................................

Government deposits— total. . ; ...........; .......................

United States Government— demand...........................

United States Government— time..................................

States and subdivisions— demand..................................

States and subdivisions— time........................................

Interbank and postal savings deposits— total. . . .

Banks in the United States— demand..........................

Banks in the United States— time.................................

Banks in foreign countries— demand............................

Banks in foreign countries— time...................................

Postal savings.. ; ................................................................

232,602,859 220,326,911 222,569,263 209,144,779 197,565,834 200,588,294 23,458,080 22,761,077 21,980,969

179,317,302

108,365,703

67,058,281

3,893,318

167,851,931

98,924,533

65,778,435

3,148,963

170,037,691

102,755,402

64,091,963

3,190,326

158,104,999

108,326,298

45,890,648

3,888,053

147,285,730

98,885,201

45,257,057

3,143,472

150,177,045

102,715,265

44,276,220

3,185,560

21,212,303

39,405

21,167,633

5,265

20,566,201

39,332

20,521,378

5,491

19,860,646

40,137

19,815,743

4,766

16,592,560

3,729,538

339,013

10,187,514

2,336,495

18,072,974

5,090,847

350,392

10,202,458

2,429,277

16,739,173

4,181,378

347,195

9,811,119

2,399,481

16,570,473

3,726,758

339,003

10,182,708

2,322,004

18,051,430

5,088,649

350,383

10,197,986

2,414,412

16,717,221

4,178,286

347,184

9,807,800

2,383,951

22,087

2,780

10

4,806

14,491

21,544

2,198

9

4,472

14,865

21,952

3,092

11

3,319

15,530

16,315,786

13,397,581

53,439

1,516,423

1,317,629

30,714

14,839,370

11,808,666

63,390

1,535,162

1,400,718

31,434

16,417,667

13,398,448

77,024

1,497,722

1,412,924

31,549

16,313,156

13,397,246

51,144

1,516,423

1,317,629

30,714

14,836,893

11,808,306

61,273

1,535,162

1,400,718

31,434

16,414,957

13,398,097

74,665

1,497,722

1,412,924

31,549

2,630

335

2,295

2,477

360

2,117

2,710

351

2,359

Total deposits...............................................................

Demand.........................................................................

Time...............................................................................

Miscellaneous liabilities— total.....................................

Bills payable, rediscounts, and other liabilities for

borrowed money.............................................................

Acceptances outstanding..................................................

212,225,648

1 U ,090,077

71,135,571

200,764,275

130,710,629

70,053,6^6

203,194,531

13^,83^,395

68,360,136

190,988,628

1U1,037,U86

U9,951,11*2

180,174,053

130,658,776

1*9,515,277

183,309,223

13^,782,730

J+8,526,1*93

21,237,020

52,591

21,18U,h29

20,590,222

51,853

20,538,369

19,885,308

51,665

19,833,61+3

3,362,435

151,618

456,058

104,954

781,944

796,940

1,070,921

2,990,302

138,166

461,609

93,473

684,317

629,056

983,681

3,176,449

22,937

611,820

94,891

589,287

967,362

890,152

3,147,093

150,318

456,058

94,243

766,686

787,582

892,206

2,784,366

137,666

461,609

73,421

671,845

614,622

825,203

3,000,402

22,887

611,820

90,344

576,723

955,679

742,949

215,342

1,300

205,936

500

176,047

50

Dividends declared but not yet payable......................

Income collected but not earned....................................

Expenses accrued and unpaid.........................................

Other liabilities....................................................................

Total liabilities (excluding capital accounts).

10,711

15,258

9,358

178,715

20,052

12,472

14,434

158,478

4,547

12,564

11,683

147,203

215,588,083 203,754,577 206,370,980 194,135,721 182,958,419 186,309,625 21,452,362 20,796,158 20,061,355

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Capital accounts— total...................................................

Capital stock, notes, and debentures...........................

Undivided profits................................................................

MEMORANDA

Pledged assets and securities loaned.........................

Capital stock, notes, and debentures:

Par or face value— total...............................................

Common stock ..............................................................

17,014,776

4,567,389

8,723,412

3,143,900

580,075

16,572,334

4,457,269

8,451,182

3,098,021

565,862

16,198,283

4,286,916

8,299,672

3,019,315

592,380

15,009,058

4,567,389

7,208,545

2,776,533

456,591

14,607,415

4,457,269

6,976,016

2,724,922

449,208

14,278,669

4,286,916

6,856,548

2,653,218

481,987

2,005,718

(2)

1,514,867

367,367

123,484

1,964,919

(2)

1,475,166

373,099

116,654

1,919,614

(2)

1,443,124

366,097

110,393

21,972,415 22,411,309 21,622,201 21,972,415 22,411,309 21,622,201

4,570,999

4,517,665

33,001

20,333

4,461,019

4,408,878

27,929

24,212

4,291,136

4,238,667

28,105

24,364

4,567,789

4,517,665

29,791

20,333

4,457,769

4,408,878

24,679

24,212

4,287,416

4,238,667

24,385

24,364

3,210 3,250 3,720

Capital notes and debentures.....................................

Preferred stock ............................ ..........................

3,210 3,250 3,720

Retirable value of preferred stock................................. 30,884 46,440 49,181 30,884 46,440 49,181

Number of banks....................................................................... 13,457 13,505 13,541 13,237 13,287 13,323 220 218 218

1 Includes stock savings banks.

2 Not reported separately. Included with “ Reserves.”

Back figures, 193U-195U: See the Annual Report for 1954, pp. 128-131, and earlier reports.

00ASSETS AND LIABILITIES OF OPERATING B AN K S

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Federal Reserve Bank of St. Louis
E a r n i n g s , E x p e n s e s , a n d D iv i d e n d s o f I n s u r e d B a n k s

Table 108. 

Table 109. 

Table 110.

Table 111.

Table 112.

Table 113.

Table 114.

Table 115. 

Table 116.

Earnings, expenses, and dividends of insured commercial banks in the United States 

(continental U. S. and other areas), 1947-1955

Ratios of earnings, expenses, and dividends of insured commercial banks in the 

United States (continental U. S. and other areas), 1947-1955

Earnings, expenses, and dividends of insured commercial banks in the United States 

(continental U. S. and other areas), 1955 

By class of bank

Ratios of earnings, expenses, and dividends of insured commercial banks in the 

United States (continental U. S. and other areas), 1955 

By class of bank

Earnings, expenses, and dividends of insured commercial banks operating throughout 1955 in the United States (continental U. S. and other areas)

Banks grouped according to amount of deposits

Ratios of earnings, expenses, and dividends of insured commercial banks operating 

throughout 1955 in the United States (continental U. S. and other areas)

Banks grouped according to amount of deposits

Earnings, expenses, and dividends of insured commercial banks in the United States 

(continental U. S. and other areas), by State, 1955

Income, expenses, and dividends of insured mutual savings banks, 1951-1955 

Ratios of income, expenses, and dividends of insured mutual savings banks, 1951-1955

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Commercial banks

Reports of earnings, expenses, and dividends are submitted to the 

Federal supervisory agencies on either a cash or an accrual basis.

Earnings data are included for all insured banks operating at the end 

of the respective years, unless indicated otherwise. In addition, appropriate adjustments have been made for banks in operation during part 

of the year but not at the end of the year. Data for 9 insured branches 

in Puerto Rico of insured banks in New York are not available.

The uniform report of earnings and dividends for commercial banks 

was revised in 1948 to show separately for the first time charge-offs and 

transfers to valuation reserves as well as recoveries and transfers from 

valuation reserves. Also, the actual recoveries and losses that are credited 

and charged to valuation reserves were reported as memoranda items.

Averages of assets and liabilities shown in Tables 108-111 and 114 are 

based upon figures at the beginning, middle, and end of each year, as 

reported by banks operating on those dates, adjusted to exclude asset 

and liability figures for insured branches in Puerto Rico of insured 

banks in New York. Consequently, the asset and liability averages 

are not strictly comparable with the earnings data, but the differences 

are not large enough to affect the totals significantly. Some further 

in comparability is also introduced into the data by class of bank by 

shifts between those classes during the year.

Assets and liabilities shown in Table 112, and utilized for computation

of ratios shown in Table 113, are for the identical banks to which the 

earnings data pertain. The assets and liabilities are as of December 31, 

1955.

Mutual savings banks

A uniform report of income, expenses, and dividends for mutual savings banks was adopted by the Corporation for the calendar year 1951. 

Summaries of these reports for 1951-1955 are given in Tables 115 and 

116. Data prior to 1951 are omitted because of lack of comparability.

The new form attempts to present operations on a basis accurately 

reflecting actual income and profit and loss, and provides more detailed 

information regarding losses and valuation adjustments. For a discussion 

of the history and principles of this uniform report see pp. 50-52 in 

Part Two of the 1951 Annual Report.

Sources of data

National banks, and State banks not members of the Federal Reserve 

System in the District of Columbia: Office of the Comptroller of the 

Currency.

State banks members of the Federal Reserve System: Board of 

Governors of the Federal Reserve System.

Other insured banks: Federal Deposit Insurance Corporation.

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Federal Reserve Bank of St. Louis
Table 108. 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 rc ia l B a n k s in t h e

U n ite d S t a t e s ( C o n t in e n t a l U . S. an d O t h e r A r e a s ), 1947-1955 ^

(Amounts in thousands of dollars)

Earnings or expense item 1947 1948 1949 1950 1951 1952 1953 1954 1955

Current operating earnings— total........................... 3,097,670 3,403,586 3,606,879 3,930,696 4,395,411 4,931,688 5,483,954 5,773,787 6,377,705

Interest on U. S. Government obligations................ 1,079,535 1,008,138 1,013,515 1,015,456 983,662 1,099,059 1,206,965 1,272,731 1,333,690

Interest and dividends on other securities................ 179,408 189,559 201,691 225,425 249,495 276,993 297,739 324,823 351,041

Interest and discount on loans..................................... 1,263,788 1,577,633 1,733,690 1,976,100 2,390,106 2,742,100 3,107,885 3,205,894 3,625,528

Service charges and fees on bank’s loans................... 18,386 22,315 26,090 31,724 34,595 42,295 47,850 57,550 71,048

Service charges on deposit accounts............................ 147,761 173,791 194,013 212,272 230,507 244,696 271,444 311,806 339,975

Other service charges, commissions, fees, and

collection and exchange charges............................... 97,264 97,456 95,420 104,602 116,140 121,868 132,978 144,140 155,004

Trust department............................................................. 144,734 156,678 160,430 180,674 192,313 204,967 217,996 246,223 281,841

Other current operating earnings................................. 166,794 178,016 182,030 184,445 198,593 199,713 201,101 210,621 219,579

Current operating expenses— total........................... 1,981,787 2,163,514 2,283,727 2,444,534 2,701,313 3,028,575 3,375,552 3,638,087 3,960,173

Salaries— officers............................................................... 344,845 381,756 410,685 446,043 486,300 530,035 582,405 622,862 666,152

Salaries and wages— employees.................................... 602,266 662,696 700,065 755,681 864,519 965,197 1,069,890 1,139,013 1,229,756

Fees paid to directors and members of executive,

discount, and other committees............................... 18,954 20,859 22,608 24,745 27,343 30,871 34,591 37,197 39,563

Interest on time and savings deposits........................ 298,274 316,570 328,010 343,040 385,344 458,059 534,493 618,341 678,237

Interest and discount on borrowed money............... 2,656 3,432 3,582 4,296 9,667 20,921 24,171 8,556 23,093

Taxes other than on net income................................... 103,516 106,163 113,569 128,101 135,590 139,290 148,783 166,452 176,840

Recurring depreciation on banking house, furniture

and fixtures.................................................................... 42,276 48,271 53,988 59,469 65,845 74,953 84,085 94,720 108,306

Other current operating expenses................................ 569,000 623,767 651,219 683,159 726,707 809,252 897,137 950,945 1,038,228

Net current operating earnings.................................. 1,115,883 1,240,072 1,323,153 1,486,164 1,694,100 1,903,112 2,108,398 2,135,700 2,417,533

Recoveries, transfers from reserve accounts,

and profits— total..................................................... 262,042 266,439 213,187 245,461 169,233 144,146 152,373 631,496 239,598

On securities:

Recoveries...................................................................... | 45,360 f 29,221 16,412 14,718 15,292 11,191 11,454 14,912 20,586

Transfers from reserve accounts.............................. \ 24,161 26,672 38,639 12,285 20,492 27,545 60,555 39,930

Profits on securities sold or redeemed.................... 100,189 60,025 73,196 90,469 56,563 33,806 38,865 416,520 57,085

On loans:

Recoveries...................................................................... J 67,687 f 39,748 23,142 28,506 22,595 22,004 28,423 34,014 27,379

Transfers from reserve accounts.............................. \ 48,934 28,220 29,971 28,453 27,330 18,292 57,965 50,899

All other.............................................................................. 48,806 64,350 45,546 43,157 34,046 29,324 27,794 47,530 43,722

Losses, charge-offs, and transfers to reserve

accounts— total......................................................... 294,286 485,753 379,824 366,932 395,687 362,444 448,323 552,606 707,155

On securities:

Losses and charge-offs................................................ } 118,498 f 78,590 38,671 38,721 83,756 97,512 155,969 66,670 221,232

Transfers to reserve accounts................................... \ 40,941 33,044 54,518 31,680 29,531 54,160 126,173 67,276

On loans:

Losses and charge-offs................................................ } 120,370 ( 32,393 29,064 23,030 21,215 23,637 31,774 29,269 28,159

Transfers to reserve accounts................................... \ 278,666 221,167 191,248 204,202 154,510 132,127 222,998 303,600

All other.............................................................................. 55,418 55,163 57,878 59,414 54,836 57,253 74,291 107,497 86,886

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Net profits before income taxes..................................

Taxes on net income— total.........................................

Federal................................................................................

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

Net profits after income taxes.....................................

Dividends and interest on capital— total..............

Dividends declared on preferred stock and interest

on capital notes and debentures..............................

Cash dividends declared on common stock..............

Net additions to capital from profits......................

1,083,639 1,020,758 1,156,514 1,364,690 1,467,645 1,684,813 1,812,451 2,214,591 1,949,976

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

694,883

662,277

32,606

786,490

750,796

35,693

907,560

862,065

45,495

793,737

753,883

39,855

781,397 745,336 831,364 936,915 908,175 989,931 1,025,963 1,307,032 1,156,240

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

441,971

3,675

438,298

473,866

2,979

470,888

516,977

2,912

514,066

566,124

2,581

563,543

466,182 413,503 477,220 545,666 489,315 547,961 552,097 790,055 590,118

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..............................................................................

0 )

0 )

0 )

(x)

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

4,355

31,508

25,598

64,607

2,232

33,612

38,480

89,186

3,154

40,384

15,841

89,495

3,146

39,794

68,140

88,417

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....................................................

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

179,803,463

42,952,808

61,065,059

13,562,462

59,999,743

2,223,391

185,685,283

43,192,523

60,868,295

14,082,070

65,213,144

2,329,251

193,339,614

42,976,798

64,372,065

15,209,165

68,148,039

2,633,547

202,331,676

43,510,745

63,808,049

16,294,075

75,800,688

2,918,119

148,170,261

• 137,537,907

103,159,254

34,378,653

1,104,386

9,527,968

150,726,513

139,517,461

104,195,063

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

36,446,656

1,710,204

11,007,396

169,207,394

155,460,465

118,189,171

37,271,294

2,131,162

11,615,767

179,803,463

165,031,495

125,213,842

39,817,653

2,501,055

12,270,913

185,685,283

170,075,888

127,028,332

43,047,556

2,667,917

12,941,478

193,339,614

176,865,497

130,023,191

46,842,306

2,712,778

13,761,339

202,331,676

184,734,232

135,422,891

49,311,341

2,965,764

14,631,680

Number of active officers, December 31........................

Number of other employees, December 31...................

65,740

284,072

67,609

292,015

69,439

296,308

71,566

312,324

73,806

334,961

76,754

358,325

79,574

376,750

82,167

386,625

84,931

408,791

Number of banks, December 31....................................... 13,403 13,419 13,436 13,446 13,455 13,439 13,432 13,323 13,237

Note: Due to rounding differences, data for 1949 through 1955 may not add precisely to the indicated totals.

1 Not available.

2 Revised.

* Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159. qj\ EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED B AN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 109. R a t io s o f 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 c ia l B a n k s in th e

U n it e d S t a t e s (C o n t in e n t a l U. S. a n d O t h e r A r e a s ), 1947-1955

I—*

oo

05

Earnings or expense item 1947 1948 1949 1950 1951 1952 1953 1954 1955

Am ounts 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................ 34.85 29.62 28.10 25.83 22.38 22.29 22.01 22.04 20.91

Interest and dividends on other securities................ 5.79 5.57 5.59 5.74 5.68 5.62 5.43 5.63 5.51

Income on loans................................................................ 41.39 47.01 48.79 51.08 55.17 56.46 57.55 56.52 57.96

Service charges on deposit accounts............................ 4.77 5.11 5.38 5.40 5.24 4.96 4.95 5.40 5.33

Other service charges, commissions, fees, and

collection and exchange charges............................... 3.14 2.86 2.65 2.66 2.64 2.47 2.42 2.50 2.43

Other current operating earnings................................. 10.06 9.83 9.49 9.29 8.89 8.20 7.64 7.91 7.86

Current operating expenses— total........................... 63.98 63.57 63.32 62.19 61.46 61.41 61.55 63.01 62.09

Salaries, wages, and fees................................................ 31.19 31.30 31.42 31.20 31.35 30.95 30.76 31.16 30.35

Interest on time and savings deposits........................ 9.63 9.30 9.10 8.73 8.77 9.29 9.75 10.71 10.63

Taxes other than on net income................................... 3.34 3.12 3.15 3.26 3.09 2.82 2.71 2.88 2.77

Recurring depreciation on banking house, furniture

and fixtures.................................................................... 1.36 1.42 1.50 1.51 1.50 1.52 1.53 1.64 1.70

Other current operating expenses................................ 18.46 18.43 18.15 17.49 16.75 16.83 16.80 16.62 16.64

Net current operating earnings.................................. 36.02 36.43 36.68 37.81 38.54 38.59 38.45 36.99 37.91

Am ounts per $100 of total assets1

Current operating earnings— total................................... 2.09 2.26 2.38 2.47 2.60 2.74 2.96 2.98 3.15

Current operating expenses— total................................... 1.34 1.44 1.51 1.54 1.60 1.68 1.82 1.88 1.96

Net current operating earnings................... ..................... .75 .82 .87 .93 1.00 1.06 1.14 1.10 1.19

Recoveries, transfers from reserve accounts, and

profits— total...................................................................... .18 .18 .14 .16 .10 .08 .08 .33 .12

Losses, charge-offs, and transfers to reserve accounts— total..................................................................... .20 .32 .25 .23 .23 .20 .24 .28 .35

Net profits before income taxes........................................ .73 .68 .76 .86 .87 .94 .98 1.15 .96

Net profits after income taxes........................................... .53 .49 .55 .59 .54 .55 .55 .68 .57

Amounts per $100 of total capital accounts1

Net current operating earnings......................................... 11.71 12.46 12.70 13.50 14.58 15.51 16.29 15.52 16.52

Recoveries, transfers from reserve accounts, and

2.75 2.68 2.04 2.23 1.46 1.17 1.18 4.59 1.34

Losses, charge-offs, and transfers to reserve accounts— total..................................................................... 3.09 4.88 3.64 3.33 3.41 2.95 3.46 4.02 4.83

Net profits before income taxes........................................ 11.37 10.26 11.10 12.40 12.63 13.73 14.01 16.09 13.33

Taxes on net income............................................................ 3.17 2.77 3.12 3.89 4.81 5.66 6.08 6.59 5.43

Net profits after income taxes........................................... 8.20 7.49 7.98 8.51 7.82 8.07 7.93 9.50 7.90

Cash dividends declared...................................................... 3.31 3.33 3.40 3.55 3.61 3.60 3.66 3.76 3.87

Net additions to capital from profits.............................. 4.89 4.16 4.58 4.96 4.21 4.47 4.27 5.74 4.03

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Special ratios1

Income on loans per $100 of loans...................................

Income on U. S. Government obligations per $100

of U. S. Government obligations.................................

Income on other securities per $100 of other securities.

Service charges per $100 of demand deposits...............

Interest paid per $100 of time and savings deposits..

3.79

1.54

2.16

.14

.87

4.04

1.57

2.14

.17

.90

4.22

1.61

2.15

.19

.91

4.34

1.59

2.04

.19

.94

4.45

1.65

1.99

.20

1.03

4.64

1.80

2.04

.20

1.15

4.84

1.98

2.11

.21

1.24

4.79

1.98

2.14

.24

1.32

4.88

2.09

2.15

.25

1.38

Assets and liabilities per $100 of total

assets1

Assets— total........................................................................ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Cash and due from banks.............................................. 23.14 24.05 23.55 22.65 23.86 23.89 23.26 22.23 21.51 United States Government obligations...................... 47.40 42.65 41.62 40.16 35.29 33.96 32.78 33.29 31^54 Other securities................................................................. 5.61 5.89 6.19 6.94 7.42 7.54 7.58 7.87 8.05 Loans and discounts........................................................ 22.85 26.31 27.49 29.09 32.23 33.37 35.12 35.25 37.46 All other assets.................................................................. 1.00 1.10 1.15 1.16 1.20 1.24 1.26 1.36 1.44

Liabilities and capital— total....................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total deposits.................................................................... 92.82 92.56 92.21 92.00 91.88 91.78 91.59 91.48 91.30 Demand deposits........................................................... 69.62 69.13 68.52 69.08 69.85 69.64 68.41 67.25 66.93 Time and savings deposits........................................... 23.20 23.43 23.69 22.92 22.03 22.14 23.18 24.23 24.37

1.47 Borrowings and other liabilities................................... .75 .84 .91 1.08 1.26 1.39 1.44 1.40 Total capital accounts.................................................... 6.43 6.60 6.88 6.92 6.86 6.83 6.97 7.12 7.23

Number of banks, December 31....................................... 13,403 13,419 13,436 13,446 13,455 13,439 13,432 13,323 13,237

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 252-253, and 1941, pp. 160-161.

COEARNINGS, EXPENSES, AND DIVIDENDS OF INSURED B AN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BY CLASS OP BANK

(Amounts in thousands of dollars)

Table 110. 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 op I n s u r e d C o m m e r c ia l B a n k s in t h e

U n it e d S ta t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ), 1955

Members F. R. System

Not

members

F. R.

System

Operating

throughout

the year1

Operating

less than

full year2 Earnings or expense item Total

National State

Current operating earnings— total................................................................................ 6,377,705 3,425,236 1,916,509 1,035,960 6,319,292 58,413

Interest on U. S. Government obligations.....................................................................

Interest and dividends on other securities.....................................................................

1,333,690 754,880 362,915 215,895 1,324,434 9,256

351,041 194,962 100,575 55,504 348,897

3,603,971

2,144

Interest and discount on loans.......................................................................................... 3,625,528 1,948,178 1,073,261 604,089 21,557

71,048 39,651 21,707 9,690

65,951

70,497 551

Service charges on deposit accounts................................................................................. 339,975 188,068 85,956 336,745 3,230

Other service charges, commissions, fees, and collection and exchange charges.. 155,004 65,263 44,481 45,260 153,976 1,028

281,841 102,996 163,959 14,886 265,978 15,863

Other current operating earnings...................................................................................... 219,579 131,238 63,656 24,685 214,796 4,783

Current operating expenses— total................................................................................ 3,960,173 2,097,243 1,167,194 695,736 3,917,913 42,260

666,152 333,902 177,744 154,506 659,114 7,038

Salaries and wages— employees................................................................................. 1,229,756 652,274 407,321 170,161

12,380

1,215,230 14,526

Fees paid to directors and members of executive, discount, and other committees 39,563 18,264 8,919 39,183 380

Interest on time and savings deposits............................................................................. 678,237 372,331 170,373 135,533 674,105 4,132

Interest and discount on borrowed money..................................................................... 23,093 12,413 9,529 1,151

27,872

23,056 37

Taxes other than on net income....................................................................................... 176,840 101,267 47,701 175,564 1,276

Recurring depreciation on banking house, furniture and fixtures........................... 108,306 59,357 27,476

318,132

21,473 107,243 1,063

Other current operating expenses..................................................................................... 1,038,228 547,435 172,661 1,024,420 13,808

Net current operating earnings....................................................................................... 2,417,533 1,327,993 749,315 340,225 2,401,380 16,153

Recoveries, transfers from reserve accounts, and profits— total.....................

On securities:

239,598 134,917 77,587 27,094 235,929 3,669

Recoveries........................................................................................................................... 20,586 13,651 4,665 2,270 20,534 52

Transfers from reserve accounts................................................................................... 39,930 29,235 8,312 2,383 39,249 681

Profits on securities sold or redeemed.........................................................................

On loans:

57,085 35,769 14,898 6,418 56,872 213

27,379 14,574 6,165 6,640 27,163 216

Transfers from reserve accounts................................................................................... 50,899 18,822 28,906 3,171 50,205

41,908

694

43,722 22,866 14,642 6,214 1,814

Losses, charge-offs, and transfers to reserve accounts— total..........................

On securities:

707,155 376,341 237,614 93,200 702,481 4,674

Losses and charge-offs...................................................................................................... 221,232 121,980 73,511 25,741 218,705 2,527

Transfers to reserve accounts........................................................................................ 67,276 36,312 26,774 4,190 67,272 4

On loans:

Losses and charge-offs...................................................................................................... 28,159 14,197 3,646 10,316 27,953 206

Transfers to reserve accounts........................................................................................ 303,600 158,141 107,491 37,968 302,294 1,306

86,886 45,711 26,191 14,984 86,254 632

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Net profits heforp. Inrnmft taxfts........... ....................... .............................................. 1,949,976 1,086,569 589,289 274,118 1,934,829 15,147

Taxes on net income— total............................................................................................. 793,737

753,883

39,855

444,863

427,249

17,614

245,900

228,106

17,795

102,974

98,528

4,446

786,543

747,229

39,315

7,194

6,654

540

Federal.....................................................................................................................................

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

Net profits after income taxes......................................................................................... 1,156,240 641,706 343,388 171,146 1,148,287 7,953

Dividends and interest on capital— total................................................................... 566,124

2,581

563,543

309,075

203

308,872

191,835

1,527

190,308

65,214

851

64,363

561,222

2,572

558,650

4,902

9

4,893

Dividends declared on preferred stock and interest on capital notes and

debentures...........................................................................................................................

Cash dividends declared on common stock...................................................................

Net additions to capital from profits........................................................................... 590,118 332,631 151,554 105,933 587,066 3,052

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

3,146

39,794

68,140

88,417

2,107

24,704

30,753

54,446

612

8,885

34,749

21,223

427

6,205

2,638

12,748

3,143

39,214

68,140

87,708

3

On loans.................................................................................................................................. 580

Losses charged to reserve accounts (not included in losses above):

On securities...........................................................................................................................

On loans.................................................................................................................................. 709

Average assets and liabilities3

Assets— total............................................................................................................................ 202,331,676

43,510,745

63,808,049

16,294,075

75,800,688

2,918,119

112,329,247

24,750,088

35,881,262

9,255,997

40,854,733

1,587,167

61,425,098

13,844,536

17,789,363

4,459,246

24,318,901

1,013,052

28,577,331

4,916,121

10,137,424

2,578,832

10,627,054

317,900

Cash and due from banks..................................................................................................

United States Government obligations...........................................................................

Other securities......................................................................................................................

Loans and discounts............................................................................................................

All other assets......................................................................................................................

Liabilities and capital— total........................................................................................... 202,331,676

184,734,232

135,1*22,891

1*9,311,31*1

2,965,764

14,631,680

112,329,247

102,796,397

75,700,297

27,096,100

1,628,168

7,904,682

61,425,098

55,739,401

1*2,791,312

12,91*8,089

1,108,333

4,577,364

28,577,331

26,198,434

16,931,282

9,267,152

229,263

2,149,634

Total deposits........................................................................................................................

Demand deposits................................................................................................................

Time and savings deposits...............................................................................................

Borrowings and other liabilities........................................................................................

Total capital accounts.........................................................................................................

Number of active officers, December 31.......................................................................... .. 84,931

408,791

39,941

213,960

18,667

128,193

26,323

66,638

84,348

405,862

583

Number of other employees, December 31........................................................................ 2,929

Number of banks, December 31........................................................................................... 13,237 4,692 1,847 6,698 13,117 120

Note: Due to rounding differences, earnings data of State banks may not add precisely to the indicated totals.

1 Adjusted to include data for 6 large national banks which were taken over by State banks during the year.

2 Includes banks operating less than full year, except 6 large national banks which were taken over by State banks during the year, and a few banks which engage primarily in

fiduciary business.

3 Asset and liability items are averages of figures reported at beginning, middle, and end of year. i—*

CO

Back figures, 1931*-1951*: See Table 108, pp. 134-135, the Annual Report for 1954, pp. 142-143, and earlier reports. CO

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BAN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BY CLASS OF BANK

Table 111. R a t io s o f 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 c ia l B a n k s in t h e

U n ite d S t a t e s (C o n tin e n ta l U . S. an d O t h e r A r e a s ), 1955

Members F. R. System Not

members

F. R.

System

Earnings or expense item Total

National State

Am ounts per $100 of current operating earnings $100.00 $100.00 $100.00 $100.00

20.91 22.04 18.94 20.84

5.51 5.69 5.25 5.36

57.96 58.03 57.13 59.25

5.33 5.49 4.48 6.36

2.43 1.91 2.32 4.37

7.86 6.84 11.88 3.82

62.09 61.23 60.90 67.16

30.35 29.32 30.99 32.54

10.63 10.87 8.89 13.08

2.77 2.96 2.49 2.69

1.70 1.73 1.43 2.07

16.64 16.35 17.10 16.78

37.91 38.77 39.10 32.84

Am ounts per $100 of total assets1

3.15 3.05 3.12 3.63

1.96 1.87 1.90 2.44

1.19 1.18 1.22 1.19

.12 .12 .13 .09

.35 .33 .39 .32

.96 .97 .96 .96

.57 .57 .56 .60

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

(2) (2) (2) (2)

.02 .02 .01 .02

Losses charged to reserve accounts (not included in losses above): .03 .03 .06 .01

.04 .05 .03 .04

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Am ounts per $100 of total capital accounts1

16.52 16.80 16.37 15.83

Recoveries, transfers from reserve accounts, and profits— total.......................................................................... 1.64 1.71 1.69 1.26

Losses, charge-offs, and transfers to reserve accounts— total.................................................................... .. . 4.83 4.76 5.19 4.34

13.33 13.75 12.87 12.75

5.43 5.63 5.37 4.79

Net profits after income taxes............................................................................................................................................ 7.90 8.12 7.50 7.96

Cash dividends declared...................................................................................................................................................... 3.87 3.91 4.19 3.03

Net additions to capital from profits............................................................................................................................... 4.03 4.21 3.31 4.93

Memoranda

Recoveries credited to reserve accounts (not included in recoveries above):

On securities....................................................................................................................................................................... .02 .03 .01 .02

.27 .31 .19 .29

Losses charged to reserve accounts (not included in losses above):

On securities....................................................................................................................................................................... .47 .39 .76 .12

.60 .69 .46 .59

Special ratios1

Income on loans per $100 of loans................................................................................................................................... 4.88 4.87 4.50 5.78

Income on U. S. Government obligations per $100 of U. S. Government obligations....................................... 2.09 2.10 2.04 2.13

Income on other securities per $100 of other securities.......................................................................................... 2.15 2.11 2.26 2.15

Service charges per $100 of demand deposits............................................................................................. .25 .25 .20 .39

Interest paid per $100 of time and savings deposits...................................................................... 1.38 1.37 1.32 1.46

Assets and liabilities per $100 of total assets1

Assets— total.......................................................................................................................................................... 100.00 100.00 100.00 100.00

Cash and due from banks............................................................................................................................................. 21.51 22.04 22.54 17.20

United States Government obligations....................................................................................................................... 31.54 31.94 28.96 35.47

Other securities................................................................................................................................................. 8.05 8.24 7.26 9.03

Loans and discounts......................................................................................................................................................... 37.46 36.37 39.59 37.19

All other assets................................................................................................................................................................... 1.44 1.41 1.65 1.11

Liabilities and capital— total................................................................................................................................... 100.00 100.00 100.00 100.00

Total deposits....................................................................................................................................... . . . 91.30 91.51 90.74 91.68

D e m a n d d e p o s i t s ............................................................................................................................... 6 6 . 9 3 6 7 . 3 9 6 9 . 6 6 5 9 . 2 5

T i m e d e p o s i t s ................................................................................................................. . . . . 2 4 . 3 7

1.47

2 4 . 1 2

1.45

2 1 . 0 8 3 2 . 4 3

Borrowings and other liabilities.................................................................................................................................... 1.81 .80

Total capital accounts........................................................................................................... 7.23 7.04 7.45 7.52

Number of banks, December 31...................................................................................................................................... 13,237 4,692 1,847 6,698

» Asset and liability items are averages of figures reported at beginning, middle, and end of year.

3 Less than .005.

B a c k f i g u r e s , 1 9 3 4 - 1 9 5 4 : See Table 109, pp. 136-137, the Annual Report for 1954, pp. 144-145, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED B AN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Table 112. 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 su re d C o m m e rc ia l B a n k s O p e r a tin g T h r o u g h o u t 1955

i n t h e U n it e d S t a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s )

Banks with deposits of— 2

Earnings or expense item All

banks1 Less

than

$1,000,000

$1,000,000

to

$2,000,000

$2,000,000

to

$5,000,000

$5,000,000

to

$10,000,000

$10,000,000

to

$25,000,000

$25,000,000

to

$50,000,000

$50,000,000

to

$100,000,000

$100,000,000

to

$500,000,000

$500,000,000

or

more

Current operating earnings— total.............. 6,319,292 49,682 159,043 502,293

(Amount

517,808

s in thousand

715,507

.8 of dollars)

464,769 461,396 1,326,080 2,122,712

Interest on U. S. Government obligations.. . 1,324,434 10,129 35,307 115,866 117,048 159,439 105,879 97,902 274,032 408,831

Interest and dividends on other securities... 348,897 1,654 6,618 27,743 30,910 38,661 25,618 23,492 65,177 129,026

Interest and discount on loans........................ 3,603,971 31,194 97,406 298,577 300,648 405,838 255,192 260,743 744,087 1,210,285

Service charges and fees on bank’s loans----- 70,497 296 707 2,327 3,490 6,691 4,371 4,633 11,868 36,112

Service charges on deposit accounts............... 336,745 2,302 7,796 28,305 36,255 54,218 32,894 29,008 61,890 84,079

Other service charges, commissions, fees,

collection and exchange charges.................. 153,976 3,333 8,371 18,676 14,476 17,790 10,949 10,070 27,755 42,556

Trust department................................................ 265,978 35 169 1,109 3,557 12,625 12,463 18,367 84,865 132,789

Other current operating earnings.................... 214,796 738 2,672 9,689 11,424 20,246 17,404 17,183 56,407 79,034

Current operating expenses— total.............. 3,917,913 33,235 103,394 327,944 340,488 475,765 305,140 299,801 824,104 1,208,042

Salaries— officers.................................................. 659,114 13,508 35,833 90,023 74,008 85,899 50,058 46,067 115,320 148,400

Salaries and wages— employees....................... 1,215,230 4,246 16,217 65,104 83,512 133,660 92,349 95,998 281,244 442,900

Fees paid to directors and members of executive, discount, and other committees........ 39,183 950 3,043 9,163 6,811 6,704 2,835 2,323 4,172

118,229

3,184

Interest on time and savings deposits........... 674,105 4,589 17,576 63,196 65,875 88,616 55,301 45,650 215,075

Interest and discount on borrowed money. . 23,056 40 92 368 356 776 1,006 1,408 6,994 12,017

Taxes other than on net income...................... 175,564 1,383 4,568 14,772 15,329 20,430 13,551 13,614 38,755 53,165

Recurring depreciation on banking house,

furniture and fixtures..................................... 107,243 776 2,868 10,798 12,219 17,116 10,355 9,131 20,949 23,027

Other current operating expenses.................... 1,024,420 7,747 23,198 74,520 82,380 122,564 79,686 85,610 238,442 310,274

Net current operating earnings..................... 2,401,380 16,447 55,649 174,350 177,320 239,743 159,631 161,596 501,977 914,670

Recoveries, transfers from reserve accounts, and profits— total........................ 235,929 1,595 3,860 11,352 11,972 16,434 12,401 15,312 59,049 103,955

On securities:

Recoveries......................................................... 20,534 57 208 1,035 1,140 2,315 1,119 2,007 4,049 8,603

Transfers from reserve accounts................. 39,249

56,872

75 334 663 2,123

4,396

1,754

3,134

1,010

3,646

15,204 18,086

Profits on securities sold or redeemed. . . . 123 460 2,148 3,064 12,558 27,344

On loans:

Recoveries......................................................... 27,163 1,115 2,219 4,681 3,338 2,375 1,050 1,128 3,407 7,848

Transfers from reserve accounts................. 50,205 102 221 862 1,535 1,487 2,587 4,045 10,714 28,653

All other................................................................. 41,908 197 677 2,292 2,232 3,737 2,758 3,476 13,117 13,423

Losses, charge-offs, and transfers to reserve accounts— total................................. 702,481 3,357 10,766 38,530 46,271 67,775 49,590 52,927 171,570 261,696

On securities:

Losses and charge-offs.................................... 218,705 300 1,414 10,176 14,820 24,578 18,509 18,492 54,663 75,752

Transfers to reserve accounts...................... 67,272 53 288 1,035 1,714 2,061 2,632 3,729 21,105 34,656

On loans:

Losses and charge-offs.................................... 27,953 1,772 4,117 7,475 5,126 3,236 703 1,114 1,043 3,369

Transfers to reserve accounts...................... 302,294 780 3,082 13,324 18,288 28,793

9,107

22,026 22,799 70,625 122,577

All other................................................................. 86,254 452 1,865 6,520 6,323 5,719 6,793 24,134 25,342

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Net profits before income taxes.............. ..

Taxes on net income— total............................

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..........

1,934,829 14,686 48,743 147,171 143,021 188,401 122,442 123,980 389,456 756,930

786,543

747,229

39,315

4,367

4,189

179

14,584

13,986

598

48,807

47,128

1,679

55,366

53,627

1,740

80,454

77,837

2,617

52,730

51,184

1,547

53,011

50,919

2,092

167,025

160,264

6,762

310,197

288,097

22,100

1,148,287 10,318 34,159 98,365 87,654 107,948 69,713 70,969 222,431 446,733

561,222

2,572

558,650

3,701

6

3,694

11,788

24

11,764

35,957

128

35,829

33,491

139

33,352

43,361

276

43,085

29,806

205

29,601

32,006

545

31,461

111,040

1,244

109,796

260,073

4

260,069

587,066 6,616 22,371 62,408 54,162 64,587 39,907 38,963 111,392 186,660

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

Losses charged to reserve accounts (not included in losses above):

3,143

39,214

68,140

87,708

220

1

511

2

845

20

1,732

40

3,533

210

7,103

121

4,112

448

7,913

52

4,638

2,182

9,854

69

2,351

1,737

5,515

114

3,111

3,625

7,418

824

6,399

15,001

14,278

1,921

14,006

44,914

33,386

Assets and liabilities2

Assets— total...........................................................

Cash and due from banks.................................

United States Government obligations.........

Other securities....................................................

Loans and discounts...........................................

Liabilities and capital— total..........................

Demand deposits...............................................

Time and savings deposits..............................

Borrowings and other liabilities......................

Total capital accounts........................................

208,505,686

46,407,454

60,657,844

16,327,587

82,155,244

2,957,557

1,370,657

298,271

480,106

74,719

509,610

7,951

4,598,653

943,417

1,641,700

303,696

1,676,056

33,784

15,269,948

3,006,136

5,398,209

1,342,035

5,385,946

137,622

15,783,665

3,029,231

5,490,622

1,561,585

5,532,518

169,709

21,713,803

4,149,916

7,492,230

1,987,596

7,800,800

283,261

14,697,204

2.920.630

5.002.631

1,293,409

5,279,412

201,122

14,722,134

3,197,319

4,592,727

1,189,053

5,535,603

207,432

44,560,321

10,856,730

12,512,753

3,056,260

17,497,929

636,649

75,789,301

18,005,804

18,046,866

5,519,234

32,937,370

1,280,027

208,505,686

190,466,725

HO,666,121

1+9,800,601+

3,113,553

14,925,408

1,370,657

1,221,019

926,1+52

291+,567

3,360

146,278

4,598,653

4,153,291

2,951,825

1,201 ,1+66

13,943

431,419

15,269,948

13,958,962

9,4.87,831

It,521,131

61,602

1,249,384

15,783,665

14,529,957

9,552,1+08

U,977,51+9

94,302

1,159,406

21,713,803

20,042,774

13,108,91+2

6,933,832

184,567

1,486,462

14,697,204

13,590,861

9,271,220

1+,319,61+1

149,255

957,088

14,722,134

13,601,417

9,992,011+

3,609,1+03

171,784

948,933

44,560,321

41,055,660

32,229,129

8,826,531

568,560

2,936,101

75,789,301

68,312,784

53,196,300

15,116,1+81+

1,886,180

5,610,337

Number of active officers, December 31...........

Number of other employees, December 3 1 ... .

84,348

405,862

3,976

2,674

7,988

8,217

16,260

28,018

10,905

32,394

10,760

49,140

5,701

33,064

4,823

33,724

10,837

93,059

13,098

125,572

Number of banks, December 31.......................... 13,117 1,736 2,827 4,330 2,074 1,320 398 197 192 43

Note: Due to rounding differences, components may not add precisely to the indicated totals.

1 This group of banks is the same as the group shown in Table 110 under the heading “Operating throughout the year."

2 Asset and liability items are as of December 31, 1955.

Back figures, 191+1-1951+: See the Annual Report for 1954, pp. 146-147, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BAN K S

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

T a b le 113. R a t io s o f 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 erc ia l B a n k s O p e r a tin g T h r o u g h o u t 1955

in t h e U n it e d St a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s)

Earnings or expense item

Am ounts per $100 of current

operating earnings

Current operating earnings— to ta l.. . .........

Interest on U. S. Government obligations. .

Interest and dividends on other securities. . .

Income on loans...................................................

Service charges on deposit accounts...............

Other service charges, commissions, fees,

and collection and exchange charges.........

Other current operating earnings....................

Current operating expenses— total..............

Salaries, wages, and fees. . . . ........................

Interest on time and savings deposits...........

Taxes other than on net income......................

Recurring depreciation on banking house,

furniture and fixtures.....................................

Other current operating expenses....................

Net current operating earnings.....................

Amounts per $100 of total assets2

Current operating earnings— total......................

Current operating expenses— total......................

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................

Net profits after income taxes...................

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.................................................................

Banks with deposits of— 2

All

banks1 Less $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000

than to to to to to to to or

$1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 more

$100.00 $100.GO $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

20.96 20.39 22.20 23.07 22.60 22.28 22.78 21.22 20.66 19.26

5.52 3.33 4.16 5.52 5.97 5.40 5.51 5.09 4.92 6.08

58.15 63.38 61.69 59.91 58.74 57.66 55.85 57.52 57.01 58.72

5.33 4.63 4.90 5.63 7.00 7.58 7.08 6.29 4.67 3.96

2.43 6.71 5.26 3.72 2.80 2.49 2.35 2.18 2.09 2.00

7.61 1.56 1.79 2.15 2.89 4.59 6.43 7.70 10.65 9.98

62.00 66.90 65.01 65.29 65.76 66.49 65.65 64.98 62.15 56.91

30.28 37.65 34.64 32.71 31.74 31.62 31.25 31.29 30.22 28.01

10.67 9.24 11.05 12.58 12.72 12.38 11.90 9.90 8.92 10.13

2.78 2.78 2.87 2.94 2.96 2.86 2.91 2.95 2.92 2.50

1.70 1.56 1.80 2.15 2.36 2.39 2.23 1.98 1.58 1.09

16.57 15.67 14.65 14.91 15.98 17.24 17.36 18.86 18.51 15.18

38.00 33.10 34.99 34.71 34.24 33.51 34.35 35.02 37.85 43.09

3.03 3.62 3.46 3,29 3.28 3.29 3.16 3.13 2.98 2.80

1.88 2.42 2.25 2.15 2.16 2.19 2.07 2.03 1.85 1.59

1.15 1.20 1.21 1.14 1.12 1.10 1.09 1.10 1.13 1.21

.11 .12 .08 .07 .08 .08 .08 .10 .13 .14

.33 .25 .23 .25 .29 .31 .34 .36 .39 .35

.93 1.07 1.06 .96 .91 .87 .83 .84 .87 1.00

.55 .75 .74 .64 .56 .50 .47 .48 .50 .59

(*) (3) (s) (3) (*) (8) (s) (*) (3)

j .02 .02 .02 .02 .03 .02 .02 .02 .01 .02

.03 (8) (3) (3) (3) .01 .01 .02 .03 ! .06

.04 .04 .04 .05 .05 .05 .04 .05 .03 j .04

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Am ounts per $100 of total capital

accounts2

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.................

16.09

1.58

4.71

12.96

5.27

7.69

3.76

3.93

11.24

1.09

2.29

10.04

2.99

7.05

2.53

4.52

12.90

.89

2.49

11.30

3.38

7.92

2.73

5.19

13.95

.91

3.08

11.78

3.91

7.87

2.88

4.99

15.30

1.03

3.99

12.34

4.78

7.56

2.89

4.67

16.13

1.10

4.56

12.67

5.41

7.26

2.92

4.34

16.68

1.29

5.18

12.79

5.51

7.28

3.11

4.17

17.03

1.62

5.58

13.07

5.59

7.48

3.37

4.11

17.10

2.01

5.85

13.26

5.69

7.57

3.78

3.79

16.30

1.85

4.66

13.49

5.53

7.96

4.63

3.33

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities..........................................................

On loans.................................................................

.02

.26 .15 .20

(3)

.28

.01

.35

(3)

.31

.01

.25

.01

.33

.03

.22

.03

.25

Losses charged to reserve accounts (not included in losses above):

On securities.......................................................... .46 (3) (s) .02 .04 .15 .18 .38 .51 .80

On loans................................................................. .59 .35 .40 .57 .68 .66 .58 .78 .49 .60

Special ratios2

Income on loans per $100 of loans...................... 4.47 6.18 5.85 5.59 5.50 5.29 4.92 4.79 4.32 3.78

Income on U. S. Government obligations per

$100 of U. S. Government obligations___ 2.18 2.11 2.15 2.15 2.13 2.13 2.12 2.13 2.19 2.27

Income on other securities per $100 of other

other securities................................................. 2.14 2.21 2.18 2.07 1.98 1.95 1.98 1.98 2.13 2.34

Service charges per $100 of demand deposits. . .24 .25 .26 .30 .38 .41 .35 .29 .19 .16

Interest paid per $100 of time and savings

deposits............................................................... 1.35 1.56 1.46 1.40 1.32 1.28 1.28 1.26 1.34 1.42

Assets and liabilities per $100 of

total assets2

Assets— total........................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Cash and due from banks................................. 22.26 21.76 20.52 19.69 19.19 19.11 19.87 21.72 24.36 23.76

United States Government obligations......... 29.09 35.03 35.70 35.35 34.79 34.50 34.04 31.19 28.08 23.81

Other securities.................................................... 7.83 5.45 6.60 8.79 9.89 9.15 8.80 8.08 6.86 7.28

Loans and discounts........................................... 39.40 37.18 36.45 35.27 35.05 35.93 35.92 37.60 39.27 43.46

All other assets..................................................... 1.42 .58 .73 .90 1.08 1.31 1.37 1.41 1.43 1.69

Liabilities and capital— total.......................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Total deposits....................................................... 91.35 89.08 90.32 91.42 92.06 92.30 92.47 92.39 92.13 90.14

Demand deposits............................................... 67.1*6 67.59 61*. 19 61.81 60.52 60.37 63.08 67.87 72.32 70.19

Time deposits..................................................... 23.89 21.1*9 26.13 29.61 31.51* 31.93 29.39 21*.52 19.81 19.95

Borrowings and other liabilities....................... 1.49 .25 .30 .40 .60 .85 1.02 1.17 1.28 2.46

Total capital accounts........................................ 7.16 10.67 9.38 8.18 7.34 6.85 6.51 6.44 6.59 7.40

Number of banks, December 31.......................... 13,117 1,736 2,827 4,330 2,074 1,320 398 197 192 43

1 This group of banks is the same as the group shown in Table 110 under the heading “Operating throughout the year.” These ratios differ slightly from the ratios for all insured

commercial banks shown in Tables 109 and 111.

2 Asset and liability items are as of December 31, 1955.

* Less than .005.

Back figures, 191*1-195!*: See the Annual Report for 1954, pp. 148-149, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANK S

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Federal Reserve Bank of St. Louis
Table 114. 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 c ia l B a n k s in t h e

U n it e d S t a t e s (C o n t in e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955

(Amounts in thousands of dollars)

U. S.

(continental

U. S.and

other

areas)

Other areas

Continental

United

States

1

ConnecticutEarnings or expense item

Alaska Puerto

Rico Other1

Alabama Arizona Arkansas California Colorado

6,377,705

1,833,690

351,041

3,625,528

71,048

339,975

155,004

281,841

5,259 10,133 2,045 6,360,268 56,782 33,174 33,240 713,945 56,760 77,968

Interest on U. S. Government obligations. .

Interest and dividends on other securities. .

Interest and discount on loans.........................

Service charges and fees on bank's loans. . .

1,170

196

2,505

280

400

610

716

6,856

206

206

385

102

1,207

24

136

1,331,525

350,027

3,614,960

70,538

339,233

10,604

3,699

33,939

337

3,224

4,818

1,534

20,620

982

2,486

6,760

2,468

18,497

93

1,965

131,870

34,638

419,639

20,015

51,186

11,927

1,618

33,349

784

4,797

13,852

3,943

43,012

429

5,087

Other service charges, commissions, fees,

and collection and exchange charges......... 567

37

1,306

6

146 152,985

281,798

2,161

1,321

753

678

2,203

354

13,251

21,670

1,150

1,805

1,501

7,013

Other current operating earnings.................... 219,579 104 227 45 219,203 1,497 1,303 902 21,678 1,331 3,131

3,960,173

666,152

1,229,756

3,751 8,184 1,566 3,946,672 34,047 21,640 20,970 455,110 35,540 52,262

Salaries— officers..................................................

Salaries and wages— employees........................

741

1,315

1,260

2,421

238

460

663,913

1,225,560

7,620

9,698

3,346

7,469

5,559

4,975

55,454

146,581

6,788

10,596

9,132

16,763

Fees paid to directors and members of executive, discount, and other committees.. . .

Interest on time and savings deposits...........

Interest and discount on borrowed money..

Taxes other than on net income. .................

Recurring depreciation on banking house,

furniture and fixtures.....................................

Other current operating expenses....................

39,563

678,237

23,098

176,840

108,306

1,038,228

16

435

111

1,483

65

40

329

1

39,396

675,990

23,027

448

4,509

49

54

3,050

32

508

2,571

25

1,076

131,950

955

506

6,504

195

512

7,164

264

114

181

950

568

304

1,972

38

50

411

176,120

107,771

1,034,895

622

1,233

9,869

523

829

6,338

869

701

5,763

18,850

9,389

90,856

740

709

9,501

1,703

1,557

15,169

Net current operating earnings..................... 2,417,533 1,508 1,950 479 2,413,596 22,734 11,535 12,270 258,836 21,221 25,706

Recoveries, transfers from reserve accounts and profits— to ta l....................... 239,598 248 172 85 239,093 1,648 341 1,062 17,868 1,753 1,311

On securities:

Recoveries.......................................................... 20,586

39,930

57,085

27,379

20,586

39,841

57,001

27,254

21 21 1,683 546 56

1 88 134 167 3,114 64 Transfers from reserve accounts.................

Profits on securities sold or redeemed. . . .

On loans:

39

78

42

2

3

45

474

433

173

5

328

341

4,760

1,769

311

570

296

215

323 50,899

43,722

116 4 30 50,749 305 60 1,140 57

14 35 8 43,665 283 162 147 5,402 270 356

Losses, charge-offs, and transfers to re707,155 662 434 205 705,854 6,712 3,266 3,376 58,892 5,981 8,978

On securities: 221,232 102 5 4 221,121 2,839 1,628 1,172 10,670 1,555 1,964

67,276

28,159

22 8 67,246 113 176 16,489 1 523

On loans: 120 14 54 27,971 359 120 754 606 777 104

Transfers to reserve accounts.................. 303,600 388 283 130 302,799 2,815 1,205 825 22,081 2,854 3,969

86,886 30 132 9 86,715 586 313 449 9,046 793 2,419

Net profits before income taxes.................... 1,949,976 1,094 1,687 359 1,946,836 17,671 8,609 9,957 217,812 16,993 18,039

FEDERAL DEFOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— tota l..........................

Federal....................................................................

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

Net profits after income taxes........................

Dividends and interest on capital— to ta l..

Dividends declared on preferred stock and

interest on capital notes and debentures. .

Cash dividends declared on common stock..

Net additions to capital from profits.........

793,737

753,883

39,855

436

426

10

169

72

97

99

99

793,033

753,286

39,748

6,579

5,900

680

3,625

3,384

242

3.668

3.668

97,548

89,672

7,876

7,601

6,915

686

7,793

6,795

997

1,156,240 658 1,518 261 1,153,803 11,092 4,984 6,288 120,264 9,393 10,246

566,124

2,581

563,543

203 802 105 565,014

2,581

562,433

4,474 2,138 2,741 73,054

53

73,002

3,950 6,173

203 802 105 4,474 2,138 2,741 3,950 6,173

590,118 456 716 156 588,790 6,618 2,846 3,549 47,209 5,442 4,073

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities.......................................................... 3,146

39,794

68,140

88,417

3,146

39,629

68,140

88,103

8

161

24

279

636

7,096

15,781

10,219

48

355

1,018

1,007

On loans..................................................................

Losses charged to reserve accounts (not included in losses above):

On securities..........................................................

115 50 442

10

1,016

422 779

1

On loans.................................................................. 194 46 74 760 1,605

Average assets and liabilities2

Assets— tota l...........................................................

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........................................

202,331,676

43,510,745

63,808,049

16,294,075

75,800,688

2,918,119

125,257

23,948

55,022

10,537

33,751

1,999

220,380

36,289

31,369

29,968

113,656

9,098

53,737

9,487

16,846

4,052

22,150

1,202

201,932,302

43,441,021

63,704,812

16,249,518

75,631,131

2,905,820

1,721,054

411,136

521,199

188,428

579,241

21,050

780,220

130,874

230,142

67,999

333,380

17,825

1,068,359

283,030

323,057

107,951

345,033

9,288

20,018,157

3,468,077

6,235,808

1,651,543

8,319,632

343,097

1,677,047

397,916

585,301

75,062

606,193

12,575

2,228,316

447,527

688,838

229,115

831,510

31,326

202,331,676

184,734,232

135,422,891

49,811,341

2,965,764

14,631,680

125,257

118,953

72,926

46,027

528

5,776

220,380

195,574

103,068

92,506

6,425

18,381

53,737

49,097

26,571

22,526

419

4,221

201,932,302

184,370,608

135,220,826

49,150,282

2,958,392

14,603,302

1,721,054

1,580,027

1,286,689

848,838

13,120

127,907

780,220

718,472

539,628

178,844

11,971

49,777

1,068,359

981,578

819,665

161,913

3,573

83,208

20,018,157

18,388,213

10,829,321

8,058,892

455,534

1,174,410

1,677,047

1,554,201

1,175,270

878,981

12,796

110,050

2,228,316

2,041,508

1,554,057

487,451

24,191

162,617

Number of active officers, December 31...........

Number of other employees, December 3 1 ....

84,931

408,791

77

355

223

1,160

39

183

84,592

407,093

1,108

3,696

416

2,654

952

2,076

6,595

42,983

909

3,739

986

5,967

Number of banks, December 31.......................... 13,237 10 7 5 13,215 237 10 228 140 154 87

Note: Due to rounding differences, data may not add precisely to the indicated totals.

1 Includes 3 banks in Hawaii, and 2 banks 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, adjusted for “ U. S. (continental U. S. and other areas)” and for “Puerto Rico”

to exclude data for 9 insured branches in Puerto Rico of insured banks in New York; earnings data of these branches are not available.

Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

I—* EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED B AN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 114. 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 C o m m e r c ia l B a n k s in t h e

U n it e d S t a t e s (C o n t in e n t a l U . S. a n d Ot h e r A r e a s), b y St a t e , 1955—Continued

(Amounts in thousands of dollars)

Earnings or expense item Delaware District of

Columbia Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana

23,056

3,955

885

12,717

336

469

45,705 106,473 91,370 21,011 434,482 130,993 91,272 61,010 62,492 75,080

Interest on U. S. Government obligations..

Interest and dividends on other securities. .

Interest and discount on loans........................

Service charges and fees on bank’s loans...

10,702

1,505

24,009

349

3,297

1,598

2,921

26,677

5,280

54,537

1,005

9,288

12,742

4,049

56,089

1,149

5,628

4,698

524

13,185

256

1,414

130,411

29,816

207,587

4,037

18,973

38,250

5,010

70,333

613

6,187

22,284

4,710

53,019

238

5,684

14,607

4,471

33,711

398

4,090

14,296

2,471

38,125

473

2,421

17,798

4,984

40,218

396

4,395

Other service charges, commissions, fees,

and collection and exchange charges......... 232

4,198

3,314

2,507

3,865

5,348

2,681

385

106

6,302

25,819

3,216

3,196

2,504

871

1,212

557

753

2,379

1,576

3,514

753

Other current operating earnings.................... 265 1,325 3,683 441 11,537 4,191 1,964 1,965 3,022

12,478

2,671

29,465 68,250 60,889 13,253 260,597 83,906 57,029 37,803 37,289 48,473

4,686 11,932 11,856 2,799 45,273 15,969 15,365 10,521 8,874 8,996

Salaries and wages— employees....................... 4,155

204

1,245

61

337

475

3,332

10,029

310

4,729

203

1,567

922

7,019

21,091 15,961 3,495 80,293 23,785 12,735 9,054 9,938 13,760

Fees paid to directors and members of executive, discount, and other committees. . . .

Interest on time and savings deposits...........

Interest and discount on borrowed money. .

Taxes other than on net income. ....................

Recurring depreciation on banking house,

furniture and fixtures.....................................

Other current operating expenses....................

909

8,745

336

1,996

3,447

19,795

844

7,014

427

3,895

2,050

18,843

107

3,012

31

277

470

3,061

2,526

46,496

2,227

11,371

5,270

67,144

1,232

13,454

62

6,021

2,084

21,297

660

10,665

148

1,878

1,446

14,131

656

4,661

66

1,628

833

10,385

727

4,080

203

2,379

963

10,123

742

5,464

423

4,138

1,450

13,500

Net current operating earnings.............. .. 10,579 16,240 38,222 30,481 7,757 173,884 47,088 34,243 23,206 25,204 26,607

Recoveries, transfers from reserve accounts and profits— total........................ 539 608 1,743 2,165 115 19,425 8,776 2,190 1,667 2,284 4,093

On securities:

1 126 82 19 5,082 175 218 95 40 52

n^i*onofai«o frAm T*0a0T*l7D JJPPmiTltfl 403 1,894 3,008 123 90 247 1,004

Profits on securities sold or redeemed. . . . 179 301 421 1,011 39 7,608 1,001 650 262 1,037 807

On loans:

19 93 127 499 34 907 353 346 710 228 261

1,582 215 27 157 118 2,071 406 81 173 494

126 186 510 455 22 1,864 3,835 772 337 239 389

Losses, charge-offs, and transfers to reserve accounts— tota l................................. 2,773 2,609 9,799 8,373 3,923 51,523 20,872 8,417 5,665 5,336 7,652

On securities:

Losses and charge-offs.................................... 408 509 3,497 4,124 2,814 23,202 5,917 3,568 1,507 1,219 1,034

45

34

50 265 4,276 4,366 78 55 494 2,802

On loans:

Losses and charge-offs .................................. 141 362 557 80 1,083 395 695 1,086 300 412

2,403

1,001 Transfers to reserve accounts...................... 1,890 1,542 5,019 2,749 899 16,617 4,432 2,712 1,767 2,243

396 368 656 943 130 6,345 5,762 1,365 1,249 1,080

Net profits before income taxes.................... 8,344 14,239 30,166 24,273 3,949 141,786 34,992 28,016 19,210 22,152 23,048

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— to ta l..........................

Federal....................................................................

4.018

4.018

6.851

6.851

12.699

12.699

9.595

9.595

2,045

1,783

262

56.230

56.230

15.393

15.393

11.269

11.269

6.890

6.890

9.434

9.434

7.868

7.868

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.........

4,328 7,388 17,467 14,679 1,904 85,556 19,600 16,746 12,320 12,720 15,181

3.376

3.376

3.941

3.941

5,535

10

5,525

6,895

2

6,894

1.264

1.264

32,856

68

32,788

7,086

13

7,073

6,406

30

6,376

3,898

1

3,897

4,800

29

4,772

4.205

1

4.205

951 3,447 11,931 7,783 639 52,700 12,515 10,340 8,422 7,919 10,974

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

3

331

214

1,182

5

2,279

2,432

2,790

3

977

205

1,672

1

335

133

1,098

14

425

176

637

On loans..................................................................

Losses charged to reserve accounts (not included in losses above):

On securities........................................................

55

81

889

151 708

35

1,505

123 648 470

1,583

On loans.................................................................. 219 206 915 860

Average assets and liabilities1

Assets— tota l...........................................................

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........................................

639.008

98,049

234,118

25,499

272,227

9,115

1,461,868

333,984

490,296

71,090

540,787

25,711

3,338,980

817,386

1,253,047

243,264

973,841

51,442

2,426,730

598,947

632,022

155,936

1,004,758

35,067

562,745

92,541

205,506

24,010

234,690

5,998

16,268,537

3,381,492

6,259,390

1,422,706

5,095,111

109,838

4,339,693

912,466

1,819,895

261,487

1,306,493

39,352

2,805,548

537,960

942,701

247,710

1,057,856

19,321

2,039,581

474,733

681,567

227,063

642,649

13,569

2,078,219

520,881

708,404

101,525

730,831

16,578

2,632,721

689,947

909,645

221,803

778,220

33,106

639,008

571,727

167,088

104,639

6,598

60,683

1,461,868

1,351,709

1,037,348

314,361

14,108

96,051

3,338,980

3,108,867

2,455,608

653,259

27,702

202,411

2,426,730

2,212,817

1,774,616

438,201

31,628

182,285

562,745

527,262

361,177

166,085

3,246

32,237

16,268,537

15,079,760

11,004,509

4,075,251

121,498

1,067,279

4,339,693

4,037,079

2,897,383

1,139,696

31,396

271,218

2,805,548

2,585,706

1,889,388

696,318

6,757

213,085

2,039,581

1,890,877

1,611,982

278,895

7,581

141,123

2,078,219

1,904,482

1,578,328

326,154

14,581

159,156

2,632,721

2,457,299

2,065,649

391,650

23,698

151,724

Number of active officers, December 31...........

Number of other employees, December 31.. . .

282

1,483

438

3,182

1,622

8,029

1,690

5,963

365

1,338

5,137

25,014

2,280

8,498

2,378

5,168

1,798

3,620

1,583

4,154

1,125

4,934

Number of banks, December 31.......................... 29 17 233 349 36 913 466 619 502 353 174

Note: Due to rounding differences, data 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, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

t— i EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BANKS

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 114. 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 c ia l B a n k s in t h e

U n it e d S t a t e s (C o n t in e n t a l U . S. a n d Ot h e r A r e a s ) , b y S t a t e , 1955—Continued

(Amounts in thousands of dollars)

Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New

Hampshire

21,036 63,174 172,737 259,661 128,113 34,430 166,152 24,476 48,122 11,873 11,749

3,790 15,484 29,768 68,299 25,455 6,107 37,201 6,086 11,509 2,449 1,870

789 2,694 7,433 13,021 6,673 3,406 9,086 1,151 2,444 383 530

13,649 34,746 95,652 144,633 72,456 18,603 100,634 13,129 27,841 6,974 7,574

110 189 999 2,354 1,012 70 712 317 91 397 41

1,334 4,715 11,226 13,102 7,549 1,781 7,116 1,953 2,969 598 1,010

364 1,571 4,950 5,988 8,172 3,233 3,107 862 1,154 230 209

575 1,751 14,893 7,211 3,401 272 4,001 139 577 334 154

425 2,025 7,816 5,053 3,394 960 4,298 839 1,538 510 363

14,530 40,203 104,424 163,803 83,252 23,019 97,199 15,428 28,738 7,302 7,934

2,279 5,935 17,332 22,981 18,505 5,738 19,063 3,431 8,662 1,298 1,464

3,926 12,776 37,250 54,975 21,888 5,864 28,837 3,923 7,299 2,645 1,873

222 603 933 1,404 1,087 425 1,243 138 534 15 148

3,346 6,740 7,905 30,351 16,203 2,283 12,892 1,623 1,673 1,160 1,683

20 155 555 708 1,023 45 952 51 260 16

635 2,140 4,043 8,626 1,626 1,463 3,893 1,573 1,035 352 278

352 1,264 3,557 4,878 1,486 596 2,712 413 795 248 224

3,751 10,591 32,851 89,879 21,436 6,605 27,607 4,276 8,481 1,583 2,249

6,507 22,971 68,313 95,859 44,862 11,412 68,954 9,047 19,385 4,571 3,815

967 2,646 16,286 6,219 3,508 952 5,413 1,734 1,717 162 524

41 166 430 419 831 158 1,183 455 449 88

25 495 3,584 71 488 78 1,055 51 11 165

135 1,208 7,120 1,207 696 126 1,245 415 417 32 157

145 208 596 274 989 271 684 557 271 5 50

487 156 2,949 2,246 35 60 889 163 189 32

135 413 1,606 2,002 469 259 358 94 380 125 32

2,387 8,051 28,805 25,000 9,996 3,853 18,505 3,352 4,723 520 1,121

655 4,550 10,769 7,787 4,112 1,191 9,031 686 902 74 568

129 102 2,543 2,658 139 202 2,215 488 598 40

176 112 416 520 920 322 949 568 479 5 69

723 2,174 10,781 11,556 3,289 1,580 4,898 1,311 1,708 254 381

705 1,113 4,297 2,481 1,537 558 1,412 299 1,035 188 62

5,086 17,565 55,794 77,077 38,374 8,510 55,862 7,429 16,379 4,213 3,218

Oi

o

Earnings or expense item

Current operating earnings— total............

Interest on U. S. Government obligations.

Interest and dividends on other securities.

Interest and discount on loans......................

Service charges and fees on bank’s loans..

Service charges on deposit accounts.............

Other service charges, commissions, fees

and collection and exchange charges. .

Trust department..........................................

Other current operating earnings.............

Current operating expenses— total........

Salaries— officers............................................

Salaries and wages— employees.....................

Fees paid to directors and members of execu

tive, discount, and other committees. . .

Interest on time and savings deposits.........

Interest and discount on borrowed money.

Taxes other than on net income....................

Recurring depreciation on banking house

furniture and fixtures...............................

Other current operating expenses.............

Net current operating earnings..............

Recoveries, transfers from reserve accounts, and profits— total........................

On securities:

Recoveries..........................................................

Transfers from reserve accounts..................

Profits on securities sold or redeemed. . . .

On loans:

Recoveries..........................................................

Transfers from reserve accounts.................

All other.................................................................

Losses, charge-offs, and transfers to reserve accounts— total.................................

On securities:

Losses and charge-offs....................................

Transfers to reserve accounts......................

On loans:

Losses and charge-offs....................................

Transfers to reserve accounts......................

All other.................................................................

Net profits before income taxes.

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— tota l............................

Federal....................................................................

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

2.143

2.143

6,628

6,628

22,689

18,587

4,102

29.788

29.788

15.042

13.043

1,999

2.564

2.564

23,549

. 22,883

666

3,410

3,329

82

6,226

6,226

1.994

1.994

1.174

1.174

Net profits after income taxes........................

Dividends and interest on capital— total. .

Dividends declared on preferred stock and

interest on capital notes and debentures. .

Cash dividends declared on common stock. .

Net additions to capital from profits.........

2,944 10,937 33,105 47,289 23,333 5,946 32,314 4,020 10,153 2,220 2,044

1,493

5

1,488

5,052

15

5,037

18,797

15

18,782

16,319

125

16,194

9,759

5

9,754

2,422

18

2,404

12,748

36

12,712

2,018

2,018

3,668

1

3,667

1,108

1,108

803

803

1,451 5,886 14,309 30,970 13,574 3,524 19,566 2,002 6,485 1,112 1,242

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities.......................................................... 3

133

2

418

10

153

105

587

15

1,594

5,324

3,132

5

434

5

1,029

11

255

9

571

125

1,372

1,272

1,957

4

594

566

988

On loans..................................................................

Losses charged to reserve accounts (not included in losses above):

On securities..........................................................

633

690

3,087

179 78 59

On loans.................................................................. 404 196 112

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........................................

561,086

100,877

181,131

37,792

233,067

8,219

2,073,509

424,480

758,620

141,900

718,721

29,788

5,162,970

1,095,966

1,467,117

353,405

2,151,688

94,794

8,007,073

1,470,916

3,117,629

666,371

2,662,557

89,600

3,711,142

752,063

1,174,182

318,572

1,431,024

35,301

1,033,077

249,493

286,439

143,995

341,088

12,062

5,666,421

1,357,155

1,742,196

410,554

2,103,024

53,492

723,417

154,416

276,931

55,668

229,470

6,932

1,588,471

358,928

551,477

131,004

535,411

11,651

305,566

50,468

118,989

17,638

112,923

5,548

311,235

63,766

88,041

23,478

132,677

3,273

561,086

507,521

296,225

211,296

4,698

48,867

2,073,509

1,915,160

1,400,581

514,579

15,874

142,475

5,162,970

4,621,569

8,890,501

731,068

93,845

447,556

8,007,073

7,443,184

4,438,675

3,004,509

91,890

471,999

3,711,142

3,409,672

2,328,105

1,081,567

37,683

263,787

1,033,077

954,525

782,821

171,704

4,944

73,608

5,666,421

5,238,161

4,286,520

951 M l

46,883

381,377

723,417

681,258

548,062

183,196

5,318

36,841

1,588,471

1,460,769

1,297,182

168,587

12,523

115,179

305,566

284,546

191,989

92,557

3,220

17,800

311,235

277,589

193,432

84,157

2,217

31,429

Number of active officers, December 31...........

Number of other employees, December 3 1 ... .

373

1,630

940

5,012

1,970

13,651

2,485

17,318

2,849

8,093

911

2,367

2,863

10,757

497

1,539

1,367

2,884

178

931

245

782

Number of banks, December 31.......................... 52 151 170 412 669 194 585 113 379 6 63

Note: Due to rounding differences, data 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, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
T a b le 1 1 4 . 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 c ia l B a n k s in t h e

U n it e d S t a t e s (C o n t in e n t a l U . S. a n d Ot h e r A r e a s), b y St a t e , 1955—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.............. 203,771 18,026 1,201,009 87,384 19,309 307,855 74,524 67,162 446,579 30,270 30,109

Interest on U. S. Government obligations. . 45,071 3,911 215,039 14,567 4,729 77,728 13,964 12,576 88,011 5,442 6,394

Interest and dividends on other securities. . 15,368 325 67,496 5,410 765 16,699 4,100 4,109 33,793 1,113 1,575

Interest and discount on loans......................... 113,184 10,918 680,822 50,443 9,821 165,843 45,478 40,531 255,423 17,986 16,520

Service charges and fees on bank’s loans. . . 1,168 224 12,096 1,124 143 2,816

15,937

248 614 2,913 3 64

Service charges on deposit accounts............... 13,529 1,515 44,225 4,615 1,264 5,256 5,225 15,648 1,255 2,411

Other service charges, commissions, fees,

and collection and exchange charges......... 2,696 461 27,767 6,267 2,073 5,227 1,256 1,166 6,465 343 2,211

Trust department................................................ 6,545 209 96,833 2,659 79 11,847 710 1,378 29,538 2,445 420

Other current operating earnings.................... 6,210 464 56,731 2,303 437 11,759 3,513 1,564 14,788 1,682 514

Current operating expenses— total.............. 141,535 11,884 701,284 54,565 11,622 197,085 44,020 43,647 267,977 20,709 18,311

Salaries— officers.................................................. 20,388 2,401 92,768 11,643 3,236 27,863 11,068 7,361 43,060 2,672 4,386

Salaries and wages— employees....................... 43,629 3,607 262,185 15,280 2,629 55,462 11,767 13,179 84,763 6,357 5,707

Fees paid to directors and members of executive, discount, and other committees .... 1,876 119 4,094 494 141 1,948 493 155 4,121 212 274

Interest on time and savings deposits........... 27,099 1,569 92,211 7,767 1,969 41,146 4,680 11,635 42,499 4,598 1,435

Interest and discount on borrowed money. . 421 1 7,584 536 20 991 348 181 1,497 64 27

Taxes other than on net income...................... 7,620 585 19,998 1,666 315 17,990 909 983 12,462 1,220 328

Recurring depreciation on banking house,

furniture and fixtures..................................... 5,323 535 13,766 1,880 279 4,851 1,681 1,438 8,463 633 642

Other current operating expenses.................... 35,180 3,067 208,678 15,301 3,034 46,832 13,075 8,714 71,109 4,954 5,512

Net current operating earnings..................... 62,236 6,143 499,726 32.820 7,687 110,772 30,504 23,515 178,603 9,561 11,798

Recoveries, transfers from reserve accounts, and profits— total........................ 7,495 379 61,536 3,265 556 11,606 1,565 997 16,619 1,258 332

On securities:

Recoveries........................................................ 157 2 1,498

11,416

9,305

92 25 1,924

2,783

1,836

25 10 996 55

Transfers from reserve accounts.................

Profits on securities sold or redeemed. . . .

1,130

1,381 25

3

238

15

207

220

275 603

1,738

6,306

360V

177

1

59

On loans:

Recoveries.......................................................... 844 130 7,440 301 91 672 797 214 1,122 20 111

Transfers from reserve accounts ........... 2,401

1,583

120 22,014

9,862

1,675

956

93 3,337

1,055

50 3,922

2,536

266 17

All other................................................................. 104 125 198 171 435 89

Losses, charge-offs, and transfers to reserve accounts— total................................. 22,794 2,177 165,382 8,108 1,872 33,792 6,142 3,105 52,321 4,776 2,775

On securities:

Losses and charge-offs.................................... 6,082 249 48,732 2,165 296 8,333 2,536 901 13,773 2,218 1,153

Transfers to reserve accounts......................

On loans:

Losses and charge-offs....................................

783

548

75

249

9,574

4,265

12

313 93

7,368

886

16

1,366 45

5,301

822 29

186

186

Transfers to reserve accounts...................... 11,243 1,301 92,462 4,171 1,076 14,620 1,741 1,658 22,539 1,355 816

All other................................................................. 4,140 303 10,350 1,446 406 2,585 483 501 9,887 1,175 434

Net profits before income taxes. .................. 46,937 4,344 395,879 27,978 6,372 88,585 25,927 21,407 142,900 6,042 9,354

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— tota l............................

Federal....................................................................

15.178

15.178

1.997

1.997

163,414

145,622

17,792

11,671

11,224

447

2,832

2,718

114

31.815

31.815

10,267

9,610

658

9,819

8,155

1,664

58.144

58.144

2,143

1,913

280

4,125

3,818

308

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.........

31,759 2,347 232,466 16,307 3,541 56,771 15,660 11,588 84,757 3,899 5,228

13,675

722

12,953

920

1

919

147,575

1,198

146,377

5,536

1

5,535

1.720

1.720

21,963

20

21,943

5.407

5.407

5.893

5.893

46,732

21

46,711

2.365

2.365

2.441

2.441

18,084 1,429 84,890 10,771 1,821 34,808 10,253 5,695 38,025 1,534 2,787

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities.......................................................... 29

897

1,003

2,060

1.961

6,746

15,134

23,294

148

1,579

13,946

2,243

46

2,012

4,252

6,303

On loans.................................................................

Losses charged to reserve accounts (not included in losses above):

On securities..........................................................

308 182

1

741

157 664 252 90 94

63

On loans................................................................. 568 391 1,191 572 374 288

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........................................

6,143,571

1,002,448

2,086,324

741,440

2,221,990

91,369

533,860

15] ,222

185,650

17,352

173,282

6,354

41,474,039

9,599,279

10,797,422

3,091,825

17,135,974

849,539

2,509,684

583,346

683,463

265,886

943,012

33,977

527,518

82,186

215,546

40,004

185,048

4,734

10,261,077

2,021,523

3,759,376

786,463

3,577,763

115,952

2,349,132

675,364

675,154

207,052

766,901

24,661

1,908,314

335,187

600,718

189,692

752,942

29,775

13,642,781

2,663,132

4,077,211

1,433,573

5,271,776

197,089

864,955

129,910

270,237

60,324

389,134

15,350

889,895

216,291

295,940

80,602

287,247

9,815

6,143,571

5,666,017

3,386,631

2,279,386

54,064

423,490

533,860

502,939

404,397

98,542

2,505

28,416

41,474,039

36,820,654

30,261,943

6,558,711

1,218,374

3,435,011

2,509,684

2,277,304

1,736,329

540,975

48,905

183,475

527,518

485,671

355,375

130,296

4,128

37,719

10,261,077

9,493,300

6,211,893

3,281,407

86,976

680,801

2,349,132

2,158,798

1,881,714

277,084

15,390

174,944

1,908,314

1,752,242

1,108,633

643,609

24,394

131,678

13,642,781

12,184,328

8,534,784

3,649,544

160,719

1,297,734

864,955

788,065

498,609

289,456

11,940

64,950

889,895

818,324

700,176

118,148

6,693

64,878

Number of active officers, December 31 ...........

Number of other employees, December 31.. . .

2,457

14,588

326

1,330

8,007

74,407

1,601

5,726

537

1,126

3,531

18,423

1,741

4,545

1,043

4,165

5,420

28,858

284

2,330

679

2,242

Number of banks, December 31.......................... 294 51 499 219 149 620 377 47 804 8 139

Note: Due to rounding differences, data 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, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

Ox

ooEARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
(Amounts in thousands of dollars) Cn

_____________________________________________________________________________ ____________________________________________________________ - ^

T a b le 1 1 4 . 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 su r e d C o m m e rc ia l B a n k s in t h e

U n ite d S t a t e s ( C o n t in e n t a l U . S. an d O t h e r A r e a s ), b y S t a t e , 1955— Continued

Earnings or expense item South

Dakota Tennessee Texas Utah Vermont Virginia Washington West

Virginia Wisconsin Wyoming

Current operating earnings— total.............. 22,476 89,939 307,612 29,618 12,834 98,092 91,811 39,403 114,947 11,202

Interest on U. S. Government obligations.. 5,143 15,842 53,102 5,656 2,009 18,365 14,608 10,326 32,148 2,631

Interest and dividends on other securities. . 771 4,429 15,073 913 599 4,221 5,594 1,537 6,489 435

Interest and discount on loans......................... 12,549 59,393 192,804 18,063 8,703 61,703 54,685 22,704 62,519 6,396

Service charges and fees on bank’s loans. . . 178 607 5,622 1,147 119 726 1,231 338 865 115

Service charges on deposit accounts............... 1,461 2,665 15,636 1,652 758 5,477 8,765 1,356 5,851 787

Other service charges, commissions, fees,

and collection and exchange charges......... 1,809 2,508 4,639 931 165 1,985 2,593 826 1,983 382

Trust department................................................ 126 1,697 5,575 687 216 3,339 2,308 1,113 1,890 57

Other current operating earnings.................... 441 2,799 15,164 571 265 2,276 2,029 1,202 3,202 399

Current operating expenses— total.............. 14,123 57,821 188,834 18,747 9,639 63,694 61,472 22,749 75,078 7,051

Salaries— officers.................................................. 4,067 10,448 40,200 2,952 1,405 11,570 10,267 4,552 16,391 1,689

Salaries and wages— employees....................... 3,173 14,750 50,814 4,999 1,990 16,639 19,960 5,943 19,279 1,822

Fees paid to directors and members of executive, discount, and other committees. .. . 271 544 2,224 263 190 954 264 448 1,407 127

Interest on time and savings deposits........... 2,404 12,635 17,927 4,971 3,546 14,372 11,927 4,238 14,915 1,281

Interest and discount on borrowed money. . 14 301 741 32 11 245 155 89 261 15

Taxes other than on net income...................... 296 3,407 15,984 349 186 2,917 1,450 946 1,750 304

Recurring depreciation on banking house,

furniture and fixtures..................................... 357 1,786 7,134 443 259 2,370 2,290 894 2,133 264

Other current operating expenses.................... 3,541 13,950 53,812 4,738 2,052 14,627 15,159 5,639 18,940 1,549

Net current operating earnings..................... 8,353 32,118 118,780 10,872 3,194 34,398 30,340 16,654 39,870 4,150

Recoveries, transfers from reserve accounts, and profits— total........................ 553 2,952 9,077 513 308 2,733 2,264 1,103 5,816 450

On securities:

Recoveries.......................................................... 29 414 269 45 2 46 702 12 1,837 12

Troncfora from taqafva 5 1,066 955 76 11 916 114 2 2,760

Profits on securities sold or redeemed. . . . 245 700 992 34 62 460 525 477 624 59

On loans:

Recoveries.......................................................... 132 264 2,935 135 69 301 103 264 197 154

Transfers from reserve accounts................. 11 215 1,222 122 17 602 78 85 93 1

All other................................................................. 133 292 2,704 102 147 410 743 263 306 225

Losses, charge-offs, and transfers to reserve accounts— total................................. 1,621 8,750 31,403 3,436 916 9,148 8,520 2,926 14,517 916

On securities:

Losses and charge-offs.................................... 234 3,574 6,475 1,942 303 3,103 1,812 1,093 7,968 229

HTtqr*afora fn rPQAfVA 926 270 3 2,443 1,233 12 200

On loans:

Losses and charge-offfe.................................... 192 425 4,674 101 64 418 194 293 138 266

Transfers to reserve accounts...................... 915 3,097 16,590 1,302 422 2,418 3,368 1,281 5,417 340

All other................................................................. 281 729 3,395 92 124 766 1,913 246 793 81

Net profits before income taxes.................... 7,285 26,320 96,454 7,949 2,586 27,983 24,084 14,831 31,170 3,684

FEDERAL DEPOSIT INSURANCE CORPORATION

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Taxes on net income— tota l............................

Federal....................................................................

3,084

2,924

160

11,009

10,817

192

39.831

39.831

3,189

3,057

131

972

874

98

10.507

10.507

9.909

9.909

6,280

6,280

10,922

10,557

365

1,621

1,621

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.........

4,201 15,311 56,624 4,760 1,615 17,476 14,175 8,552 20,248 2,063

1,757

2

1,755

6,661

6,661

27,721

27,720

2,171

5

2,165

818

38

780

7,463

45

7,417

5.923

5.923

3,012

2

3,011

7,562

94

7,468

723

6

717

2,444 8,650 28,903 2,590 797 10,014 8,253 5,539 12,685 1,340

Memoranda

Recoveries credited to reserve accounts (not

included in recoveries above):

On securities.......................................................... 67

2,896

47

5,744

2

394

2,300

1,036

7

493

37

1,146

On loans..................................................................

Losses charged to reserve accounts (not included in losses above):

On securities..........................................................

195 581

378

899

123 28

2

127

462

1,301

686

148 91

11 On loans.................................................................. 284 401 321 99

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........................................

628,722

113,519

249,998

35,813

224,033

5,359

2,757,349

710,987

755,910

187,680

1,064,940

37,832

10,260,753

3,063,452

2,553,969

580,742

3,869,998

192,592

846,272

183,458

274,115

44,630

334,646

9,423

330,963

47,013

92,189

28,097

159,595

4,069

2,808,329

607,761

873,424

191,966

1,093,340

41,838

2,519,914

525,945

668,256

241,625

1,048,215

35,873

1,180,715

253,198

468,283

70,636

374,640

13,958

3,913,947

714,966

1,502,943

311,606

1,346,264

38,168

349,762

85,360

134,996

19,942

106,289

3,175

628,722

582,086

486,638

145,458

3,207

43,429

2,757,349

2,539,570

1,860,012

679,558

25,995

191,784

10,260,753

9,508,908

8,198,805

1,310,608

73,067

678,778

846,272

787,443

528,260

259,183

7,318

51,511

330,963

296,632

119,241

177,391

2,511

31,820

2,808,329

2,571,804

1,674,237

897,567

26,878

209,647

2,519,914

2,329,511

1,655,775

673,736

24,682

165,721

1,180,715

1,062,040

754,201

807,839

10,401

108,274

3.913,947

3,634,821

2,213,158

1 ,421,668

19,207

259,919

349,762

324,613

248,226

76,887

1,965

23,184

Number of active officers, December 31...........

Number of other employees, December 31... .

688

1,336

1,644

5,764

5,350

18,634

395

1,905

239

764

1,810

6,510

1,229

6,718

711

2,231

2,306

7,389

252

640

Number of banks, December 31.......................... 171 292 899 51 61 316 100 177 547 53

Note: Due to rounding differences, components 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, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports.

O i

Oi EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED BAN K S

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 115. I n c o m e , 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 M u t u a l Sa v in g s B a n k s , 1951-1955

(Amounts in thousands of dollars)

Sources and disposition of income 1951 1952 1953 1954 1955

513,817

171,169

49,630

279,405

291,790

6.051

6,331+

3,878

163

699

536

5.052

4,520

568,498

163,879

62,958

326,785

31+0,1+97

7,666

6,01+6

4,068

102

5S3

1+31

5,833

4,873

647,067

164,630

82,003

381,895

396,26k

9,1+83

1+, 886

5,184

77

338

261

7,171

6,107

721,323

155,869

96,205

447,022

1+61,769

11,922

2,825

6,642

86

292

206

7,746

7,753

801,682

150,657

99,190

528,426

51+5,81+1

15,623

1,792

7,322

-17

21+7

261+

8,171

7,933

106,654

18,030

37,707

8,939

1,872

11,589

IS,2 US

6,659

5,907

2,280

20,330

116,763

19,249

40,996

10,648

2,123

12,162

19,10U

6,91,2

6,203

2,387

22,995

127,336

21,142

44,351

11,566

2,303

13,521

20,926

7,1+05

6,837

2,445

25,171

139,931

22,870

48,074

12,623

2,526

15,019

22,1+95

7,1+76

7,562

2,755

28,502

147,678

24,200

50,879

13,544

2,697

15,094

22,793

7,699

7,979

2,790

30,495

407,163 451,735 519,731 581,392 654,004

6.094

6.094

9,189

6,962

2,227

8,569

6,459

2,110

10,643

7,231

3,412

9,047

7,818

1,229

401,069 442,546 511,162 570,749 644,957

282,235 365,481 414,951 466,119 536,256

118,834 77,065 96,211 104,630 108,701

128,790

21,045

57,917

14,893

36,962

12,372

59,228

12,334

44,430

11,586

8,567

484

300

2,843

5,243

155

216

240

5,287

783

304

1,489

23,914

389

219

943

18,070

481

3,179

977

11,968

80,676

373

2,534

12,223

24,692

111

144

6,132

9,965

275

355

10,858

8,450

126

1,995

1,878

7,710

157

392

-net.

Current operating income— total..............................

Interest on U. S. Government obligations................

Interest and dividends on other securities................

Interest and discount on real estate mortgage loansInteresl and discount on real estate mortgage loans—

L ess: Mortgage servicing fe e s .................................................

Prem ium amortization.................................................

Interest and discount on other loans and discounts— net

Income on real estate other than bank building— net

Incom e on real estate other than bank building— gross. . .

L ess: 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.

L ess: Incom e from bank building.......................................................................................................................

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

Furniture and fixtures (including recurring depreciation).............................................................................

All other current operating expense.....................................................................................................................

Net current operating incom e.............................................................................................................................

Franchise and income taxes— total.

State franchise and income taxes ....

Federal income taxes.............................

Net current operating income after taxes.

Dividends and interest on deposits.............

Net current operating income after taxes and dividends.............................................................................

Non-recurring income, realized profits and recoveries credited to profit and loss, and transfers from

valuation adjustment provisions— total.......................................................................................................

Non-recurring income.....................................................................................................................................................

Realized profits and recoveries on:

Securities sold or matured........................................................................................................................................

Real estate mortgage loans.......................................................................................................................................

Other real estate..........................................................................................................................................................

All other assets.............................................................................................................................................................

Transfers from valuation adjustment provisions1 on:

Securities........................................................................................................................................................................

Real estate mortgage loans.......................................................................................................................................

Other real estate..........................................................................................................................................................

All other assets.............................................................................................................................................................

156 FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Non-recurring expense, realized losses charged to profit and loss, and transfers to valuation adjustm ent provisions— total.........................................................................................................................................

Non-recurring expense............................................................................................................................................................

Realized losses on:

Securities sold.......................................................................................................................................................................

Real estate mortgage loans...............................................................................................................................................

Other real estate..................................................................................................................................................................

All other assets.....................................................................................................................................................................

Transfers to valuation adjustment provisions1 on:

Securities................................................................................................................................................................................

Real estate mortgage loans...............................................................................................................................................

Other real estate..................................................................................................................................................................

All other assets.....................................................................................................................................................................

Net additions to total surplus accounts from operations.

124,491

24,724

25,264

179

20

200

52,574

18,580

37

2,913

123,133

84,023

23,804

25,875

176

110

62

14,359

15,474

63

4,100

50,959

70,507

12,156

28,333

152

39

106

10,639

17,005

11

2,066

62,666

65,050

14,279

12,773

112

49

551

12,403

20,380

7

4,496

98,808

21,673

636

101

823

10,630

19,219

42

3,174

66,385

10,087

86,746

Memoranda

Recoveries credited to valuation adjustment provisions1 (not included in recoveries above) on:

Securities.

Real estate mortgage loans.....................................................................................................................................................

Other real estate........................................................................................................................................................................

All other assets...........................................................................................................................................................................

Realized losses charged to valuation adjustment provisions1 (not included in realized losses above) on

445

274

Securities.

Real estate mortgage loans.

Other real estate....................

All other assets.......................

105

9,175

255

294

108

135

691

218

14,581

882

206

616

15

33

10

1

12,523

469

220

41

7,527

166

234

45

Average assets and liabilities2

Assets— tota l....................................................

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..........................

Dem and deposits...........................................

Other liabilities................................................

Total surplus accounts...................................

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

17.905.674

728,979

6,755,471

2,064,761

8,012,488

85,996

2,675

255,304

17.905.674

16,102,806

16,080,015

22,791

93,253

1,709,615

19.625.429

744,369

6,620,535

2,591,176

9,288,364

102,768

2,432

275,785

19.625.429

17,718,957

1 7 ,688 ,777

30,180

119,359

1,787,113

21.872.622

874,215

6,755,391

3,015,662

10,802,477

120,350

2,957

301,570

21.872.622

19,738,300

19,694,981

43,319

159,912

1,974,410

23

50

24

4,250

326

180

326

22.740.783

809,152

5,993,243

3,008,656

12,467,355

130,165

2,019

330,193

22.740.783

20,577,403

20 ,525,629

51,774

199,228

1,964,152

Number of active officers, December 31. . .

Number of other employees, December 31.

1,714

11,530

1,810

11,932

1,908

12,525

1,999

13,227

2,042

13,618

Number of banks, December 31. 202 219 218 220

1 Includes “Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” .

2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

Back figures, 19 34 -19 50 : Data for 1934-1950, which however are not comparable with figures for 1951-1955, may be found in the following Animal Reports: 1950, pp. 272-273,

and 1941, p. 173.

Oi EARNINGS. EXPENSES, AND DIVIDENDS OF INSURED BAN K S

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Table 116. R a t io s o f I n c o m e , 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 M u t u a l Sa v in g s B a n k s , 1951-1955

Sources and disposition of income 1951 1952 1953 1954 1955

Am ounts per $100 of current operating income

$100.00 $100.00 $100.00 $100.00 $100.00

33.31 28.83 25.44 21.61 18.79

9.66 11.07 12.67 13.34 12.37

Interest and discount on real estate mortgage loans— net............................................................................................. 54.38 57.48 59.02 61.97 65.92

Interest and discount on other loans and discounts— net............................................................................................... .75 .72 .80 .92 .91

Income on other assets............................................................................................................................................................. 1.02 1.04 1.12 1.09 1.02

Income from service operations.............................................................................................................................................. .88 .86 .95 1.07 .99

Current operating expense— total....................................................................................................................................... 20.76 20.54 19.68 19.40 18.42

Salaries— officers......................................................................................................................................................................... 3.51 3.39 3.27 3.17 3.02

Salaries and wages— employees ...................... .................................................................................. 7.34 7.21 6.85 6.67 6.35

Pension, hospitalization and group insurance payments, and other employee benefits........................................ 1.74 1.87 1.79 1.75 1.69

Fees paid to trustees and committee members.................................................................................................................. .36 .37 .35 .35 .34

Occupancy, maintenance, etc. of bank premises (including taxes and recurring depreciation)— net................. 2.26 2.14 2.09 2.08 1.88

Deposit insurance assessments............................................................................................................................................... 1.15 1.09 1.06 1.05 .99

Furniture and fixtures (including recurring depreciation).............................................................................................. .44 .42 .38 .38 .35

All other current operating expense...................................................................................................................................... 3.96 4.05 3.89 3.95 3.80

Net current operating incom e.............................................................................................................................................. 79.24 79.46 80.32 80.60 81 58

Franchise and income taxes— tota l.................................................................................................................................... 1.18 1.62 1.32 1.47 1.13

State franchise and income taxes........................................................................................................................................... 1.18 1.23 1.00 1.00 .98

Federal income taxes................................................................................................................................................................. .39 .32 .47 .15

Net current operating income after taxes....................................................................................................................... 78.06 77.84 79.00 79.13 80.45

Dividends and interest on deposits.................................................................................................................................... 54.93 64.29 64.13 64.62 66.89

Net current operating income after taxes and dividends........................................................................................ 23.13 13.55 14.87 14.51 13.56

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
Am ounts per $100 of total assets1

Current operating income— total..........................................................................................................................................

Current operating expense— total.........................................................................................................................................

Net current operating income................................................................................................................................................

State franchise and income taxes..........................................................................................................................................

Net current operating income after taxes...........................................................................................................................

Dividends and interest on deposits.......................................................................................................................................

Net current operating income after taxes and dividends...............................................................................................

Non-recurring income, realized profits and recoveries credited to profit and loss, and transfers from valuation

adjustment provisions2— total................................................................................................................................................

Non-recurring expense, realized losses charged to profit and loss, and transfers to valuation adjustment provisions2— total.............................................................................................................................................................................

Net additions to total surplus accounts from operations....................................................................................................

3.08

.64

2.44

.04

2.40

1.69

.71

.77

.74

.74

3.17

.65

2.52

.05

2.47

2.04

.43

.32

.47

.28

3.30

.65

2.65

.05

2.60

2.11

.49

.19

.36

.32

3.30

.64

2.66

.05

2.61

2.13

.48

.27

.30

.45

3.53

.65

2.88

.04

2.84

2.36

.48

.19

.29

.38

Special ratios1

Interest on U. S. Government obligations per $100 of U. S. Government obligations........

Interest and dividends on other securities per $100 of other securities....................................

Interest and discount on real estate mortgage loans per $100 of real estate mortgage loans

Interest and discount on other loans and discounts per $100 of other loans and discounts.

Dividends and interest on deposits per $100 of savings and time deposits..............................

Net additions to total surplus accounts from operations per $100 of total surplus accounts

Assets and liabilities per $100 of total assets1

Assets— total...........................................................................................................................................

Cash and due from banks.................................................................................................................

United States Government obligations.........................................................................................

Other securities. .*................................................................................................................................

Real estate mortgage loans...............................................................................................................

Other loans and discounts.................................................................................................................

Other real estate..................................................................................................................................

All other assets.....................................................................................................................................

Liabilities and surplus accounts— total....................................................................................

Total deposits.......................................................................................................................................

Savings and time deposits...............................................................................................................

Demand deposits...............................................................................................................................

Other liabilities.....................................................................................................................................

Total surplus accounts.......................................................................................................................

Number of banks, December 31..........................................................................................................

2.35

2.98

4.13

4.89

1.88

7.63

2.43

3.05

4.08

4.73

2.27

2.98

2.49

3.16

4.11

5.04

2.35

3.51

2.31

3.19

4.14

5.52

2.37

5.00

2.51

3.30

4.24

5.63

2.61

4.42

100.00

3.97

43.68

9.96

40.52

.48

.02

1.37

100.00

89.85

89.7 U

.11

.48

9.67

100.00

4.07

37.73

11.53

44.75

.48

.01

1.43

100.00

89.93

89.80

.13

.52

9.55

100.00

3.79

33.74

13.20

47.33

.52

.01

1.41

100.00

90.28

90.13

.15

.61

9.11

100.00

4.00

30.88

13.79

49.39

.55

.01

1.38

100.00

90.24

90.0U

.20

.73

9.03

100.00

3.56

26.36

13.23

54.82

.57

.01

1.45

100.00

90.49

90.26

.23

.87

8.64

202 206 219 218 220

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

5 Includes “Valuation reserves” and “Other asset valuation provisions (direct write-downs)” .

Back figures, 193U and 19U1-1950: Data for 1934 and 1941-1950, which however are not comparable with figures for 1951-1955, may be found in the following Annual Reports:

1950, pp. 274-275, and 1947, pp. 156-157.

EARNINGS, EXPENSES, AND DIVIDENDS OF INSURED B A N K S

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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 117.

Table 118.

Table 119.

Table 120.

Disbursements, deposits, and depositors in insured banks placed in receivership 

and in insured banks of which deposits were assumed by another insured bank 

with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955 

Banks grouped by class of bank, year of receivership or deposit assumption, amount

of deposits, and State

Assets and liabilities, at date of closing, of insured banks placed in receivership 

and of insured banks of which deposits were assumed by another insured bank 

with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955

Name, location, Federal Deposit Insurance Corporation disbursement, and assets 

and liabilities, insured banks placed in receivership or of which deposits were 

assumed by another insured bank with the financial aid of the Corporation, 1955

Recoveries and losses by the Federal Deposit Insurance Corporation on potentially 

recoverable disbursements for protection of depositors in insured banks placed in 

receivership and in insured banks of which deposits were assumed by another 

insured bank with the financial aid of the Corporation, 1934-1955

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Federal Reserve Bank of St. Louis
Disbursements by the Federal Deposit Insurance Corporation 

to protect depositors are made when insured banks in financial 

difficulties are placed in receivership, or when the deposits of a failing 

bank are assumed by another insured bank with the financial aid of the 

Corporation. In receiverships the disbursement is the amount paid by 

the Corporation on insured deposits. In deposit assumption cases the 

principal disbursement is the amount loaned to failing banks, or the 

price paid for assets purchased from them; additional disbursements 

are made in those cases as advances for protection of assets in process 

of liquidation and for liquidation expenses.

Noninsured bank failures

No noninsured bank failed in 1955. For suspensions of noninsured 

banks in previous years see the Annual Reports of the Corporation 

as follows: 1943, p. 102; 1946, p. 167; 1947, p. 159; 1949, p. 187; 1950, 

p. 277; 1951, p. 187; 1952, p. 139; 1953, p. 131; and 1954, p. 165.

Sources of data

Insured banks: books of bank at date of closing; and books of FDIC, 

December 31, 1955.

DEPOSIT INSURANCE DISBURSEM ENTS

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Table 117. D is b u r s e m e n t s, D e p o s it s, a n d D e p o sito r s in I n su r e d B a n k s P l a c e d in R e c e iv e r s h ip a n d in I n s u r e d B a n k s o f w h ic h

D e p o s its w e r e A ssu m ed b y A n o t h e r In s u r e d B a n k w ith 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 In s u r a n c e C o r p o r a tio n , 1934-1955

BANKS GROUPED BY CLASS OF BANK, YEAR OF RECEIVERSHIP OR DEPOSIT ASSUMPTION, 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 Receiverships2

Deposit ass

Principal*

umption cases

Liquidation

expenses and

advances

Total

Receiverships

Deposit

assumption

cases

Total Receiverships

Deposit

assumption

cases

Total Receiverships

Deposit

assumption

cases4

All banks...................................... 335,189 91,503 197,303 46,383 429 249 180 571,907 116,088 455,819 1,410,609 390,808 1,019,801

Class of bank

61,894 17,759 38,075 6,060 75 23 52 117,153 24,079 93,074 295,992 61,049 234,943

State banks members F. R. S. 120,473 20,934 80,271 19,268 22 6 16 187,656 26,537 161,119 368,424 82,818 285,606

Banks not members F. R. S .. 152,822 52,810 78,957 21,055 332 220 112 267,098 65,472 201,626 746,193 246,941 499,252

Year

1934 941 941 9 9 1,968 1,968 15,767 15,767

1935............................................. 9,162 6,025 2,865 272 25 24 1 13,320 9,091 4,229 44,655 32,331 12,324

1936............................................. 15,715 8,056 6,725 934 69 42 27 27,508 11,241 16,267 89,018 43,225 45,793

1937............................................. 20,042 12,044 7,116 882 75 50 25 33,349 14,960 18,389 130,387 74,148 56,239

1938............................................. 35,381 9,092 21,387 4,902 74 50 24 59,684 10,296 49,388 203,961 44,288 159,673

1939............................................. 85,373 26,197 41,573 17,603 60 32 28 157,772 32,738 125,034 392,718 90,169 302,549

1940............................................. 91,366 4,895 69,239 17,232 43 19 24 142,430 5,657 136,773 256,361 20,667 235,694

1941............................................. 25,356 12,278 11,602 1,476 15 8 7 29,717 14,730 14,987 73,005 38,594 34,411

1942............................................. 11,901 1,612 9,213 1,076 20 6 14 19,185 1,816 17,369 60,688 5,717 54,971

1943............................................. 7,244 5,500 1,672 72 5 4 1 12,525 6,637 5,888 27,371 16,917 10,454

1944............................................. 1,540 404 1,099 37 2 1 1 1,915 456 1,459 5,487 899 4,588

1945 1,865 1,768 97 1 1 5,695 5,695 12,483 12,483

1946 276 265 11 1 1 347 347 1,383 1,383

1947 2,003 1,724 279 5 5 7,040 7,040 10,637 10,637

1948 3*188 2,990 198 3 3 10,674 10,674 18,540 18,540

1949 2/717 2,552 165 4 4 5,475 5,475 5,671 5,671

1950 4,414 3,986 428 4 4 5,502 5,502 6,365 6,365

1951 2,002 1,885 117 2 2 3,408 3,408 5,276 5,276

1952 1,547 1,369 178 3 3 3,171 3,171 6,752 6,752

1953 5,333 5,017 316 2 2 18,262 18,262 24,469 24,469

1954 975 913 62 2 2 997 997 1,807 1,807

1955............................................. 6,848 4,459 2,343 46 5 4 1 11,963 6,498 5,465 17,808 8,086 9,722

Banks with deposits of—

$100,000 or less........................ 5,145 4,308 690 147 107 83 24 6,426 4,947 1,479 38,350 29,695 8,655

$100,000 to $250,000.............. 13,056 11,554 1,352 150 109 86 23 17,759 13,920 3,839 83,370 65,512 17,858

$250,000 to $500,000.............. 15,179 10,223 4,365 591 59 36 23 20,976 12,462 8,514 89,949 56,777 33,172

$500,000 to $1,000,000........... 35,440 16,232 17,201 2,007 M 27 36* 52,618 20,374 32,244 162,577 67,217 95,360

$1,000,000 to $2,000,000. . .. 34,356 8,961 22,179 3,216 42 9 83 60,554 11,748 48,806 193,531 54,324 139,207

$2,000,000 to $5,000,000. . -. 54,422 14,549 34,392 5,481 30 6 24 92,047 19,993 72,054 229,544 56,112 173,432

nnn non ^in Ann non 28 175 23,4.00 4,775 i > *0- ! i 10 65,397 65,397 170,841 170,841 ^OiUUUjUUU lO ^lU^Uvv , v U v . . •

$10,000,000 to $25,000,000. . 51 >45 25,676 2ojo71 5,298 1 ' Z.

5 2 3 96,712 32,644 64,068 170,119 61,171 108,948

$25,000,000 to $50,000,000. . 98,371 73,653 24,718 4 4 159,418 159,418 272,328 272,328

FEDERAL DEPOSIT INSURANCE CORPORATION

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Federal Reserve Bank of St. Louis
State

Alabama...........

Arkansas..........

California.........

Colorado.............

Connecticut. . . .

Florida...............

Georgia.............

Idaho.................

Illinois.................

Indiana...............

Iowa....................

Kansas.............. .

Kentucky.........

Louisiana..........

Maine................

Maryland.........

Massachusetts. .

Michigan..........

Minnesota..........

Mississippi.

Missouri............

Montana...........

Nebraska............

New Hampshire

New Jersey.

New York........

North Carolina.

North Dakota. .

Ohio.....................

Oklahoma.........

Oregon...............

Pennsylvania. . .

South Carolina.

South Dakota...

Tennessee...........

Texas...................

Vermont.............

Virginia...............

Washington........

West Virginia. ..

Wisconsin...........

Wyoming............

1,170

1,033

3,127

8

1,242

313

941

1,507

9,903

6,580

1,569

1,046

5,579

668

2,389

3,480

2,594

7,036

640

257

5,058

660

469

125

100,913

78,128

2,559

2,859

1,882

2,547

1,043

60,722

284

2,421

1,303

3,629

3,467

5,412

1,447

1,458

7,500

221

94

841

2,128

8

1.242

203

846

1,507

1.242

3,096

385

482

3,329

735

139

640

257

4,335

186

469

25,103

10,835

1,156

1,397

1,610

1,133

10,133

136

2,388

1,164

3,292

3,259

511

* 1,458

5,096

995

144

861

7,983

3,101

1,071

492

2,126

2,343

2,374

1,564

6,150

646

453

118

55,657

56,499

1,231

1,259

258

1,311

962

41,159

138

24

114

293

186

4,396

935

2,092

202

81

48

138

678

113

72

124

371

1,030

747

7

20,153

10,794

172

203

14

103

81

9,430

10

9

25

44

22

505

512

312

19

3 1

6 5

2 1

1 1

2 2

2 1

9 7

2 2

18 6

20 15

6 3

9 5

23 18

3 3

1

5 2

2

8 3

5 5

3 3

46 34

5 3

4 4

1

38 11

25 3

7 2

29 18

3 2

8 5

1

29 8

2 1

23 22

12 8

19 17

3 2

8 3

1

3 3

31 20

1

2,286

1,764

4,792

8

1,526

491

1,089

1,892

27,321

13,594

5,516

1,233

8,886

1,652

5,465

4,566

3,019

13,531

818

334

7,149

1,095

538

296

192,417

138,811

3,266

3,830

3,139

4,371

1,302

75,746

850

2,988

1,942

4,817

3,725

10,756

1,536

2,006

9,511

2,033

101

1,168

3,714

8

1,526

217

998

1,892

1,637

3,932

498

539

3,954

1,652

828

160

818

334

5,116

215

538

30,915

13,286

1,421

1,552

2,345

1,659

14,340

136

2,862

1,620

4,131

3,375

629

’ 2,006

5,966

2,185

596

1,078

274

91

25,684

9,662

5.018

694

4,932

‘ 5,465

3,738

3.019

13,371

2,033

880

296

161,502

125,525

1,845

2,278

794

2,712

1,302

61,406

714

126

322

686

350

10,127

1,536

3,545

2,033

7,906

4,433

7,525

10

5,379

1,642

8,387

2,443

43,291

30,006

13,665

5,145

36,134

6,087

9,722

22,567

9,046

31,663

2.650

1.651

34,929

1,500

2,224

1,780

520,380

259,889

10,408

14,103

8,544

10,795

2,209

166,893

1,848

12,515

12,358

21,149

11,057

26,041

4,179

8,346

26,898

3,212

794

3,529

4,356

10

5,379

448

7,773

2,443

5,372

12,549

1,676

2,254

18,490

6,087

6,643

928

2.650

1.651

26,760

849

2,224

101,614

28,440

3,677

6,760

7,585

5,874

43,828

403

11,412

9,993

19,621

8,687

2,964

' 8,346

18,739

7,112

904

3,169

1,194

614

37,919

17,457

11,989

2,891

17,644

' 9,722

15,924

9,046

30,735

1,169

651

1,780

418,766

231,449

6,731

7,343

959

4,921

2,209

123,065

1,445

1,103

2,365

1,528

2,370

23,077

4,179

8,159

3,212

1 Adjusted to December 31, 1955.

2 Includes estimated additional disbursements.

* Excludes excess collections turned over to banks as additional purchase price at termination of liquidation.

4 Number of deposit accounts. a

0 3 DEPOSIT INSURANCE DISBURSEM ENTS

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Table 118. A s s e t s a n d L i a b i l i t i e s , a t D a t e o f C l o s i n g , o f 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 a n d o f I n s u r e d B a n k s o f w h i c h

D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A id 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 , 1934-1955

Year

Assets

Total

Liabilities and capital accounts

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans,

discounts,

and

overdrafts

Banking

house,

furniture &

fixtures

Other

real

estate

Other

assets

Total

deposits

Other

liabilities

Capital

stock

Other

capital

accounts1

Total $132,064,456 $92,943,183 $75,312,261 $251,089,926 $22,912,474 $59,581,863 $14,112,814 $648,016,977 $568,522,233 $11,723,520 $64,218,7252 $3,552,499

RECEIVE RSHIP CASIlS

Total $ 24,205,175 $12,015,898 $16,101,189 $ 67,760,615 $ 5,479,914 $12,293,686 $ 8,383,170 $146,239,647 $113,872,482 $10,129,736 $18,290,5453 $3,946,884

1934-19504 22,620,382 10,154,078 15,946,562 65,569,217 5,375,616 12,293,686 8,330,507 140,290,048 107,374,564 10,122,023 18,150,545 4,642,916

1955 1,584,793 1,861,820 154,627 2,191,398 104,298 52,663 5,949,599 6,497,918 7,713 140,000 -696,032

DEPOSIT ASSUMPTKON CASES

Total $107,859,281 $80,927,285 $59,211,072 $183,329,311 $17,432,560 $47,288,177 $ 5,729,644 $501,777,330 $454,649,751 $ 1,593,784 $45,928,1805 $-394,385

1935-19506 99,322,369 70,452,646 58,421,346 172,461,339 17,123,404 47,270,110 5,303,183 470,354,397 423,518,622 1,553,625 45,321,180 -39,030

1951 886,937 625,657 6,450 1,484,869 34,502 11,493 3,049,908 3,408,095 8,659 85,000 -451,846

1952 552,710 781,093 40,728 924,419 35,121 54,320 2,388,391 3,006,036 8,908 62,000 -688,553

1953 4,485,650 8,326,289 660,548 4,878,142 141,556 319,032 18,811,217 18,262,055 22,339 250,000 276,823

1954 88,414 141,600 2,000 884,925 1,306 19,431 1,137,676 990,283 13 50,000 97,380

1955 2,523,201 600,000 80,000 2,695,617 96,671 18,067 22,185 6,035,741 5,464,660 240 160,000 410,841

1 Includes surplus, undivided profits, and reserve funds, minus deficit, if any, as determined after adjustment of books of banks for liabilities discovered by agents of the FDIC.

2 Includes R .F.C. capital of $25,180,114.

3 Includes R.F.C. capital of $5,896,246.

4 No insured bank was placed in receivership from 1944 through 1954. For data by years see Annual Report of the Corporation for 1950, p. 280.

6 Includes R .F.C. capital of $19,283,868.

6 For data by years see Annual Report of the Corporation for 1954, p. 168.

164 FEDERAL DEPOSIT INSURANCE CORPORATION

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Table 119. N a m e , L o c a t i o 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 i s b u r s e m e n t , a n d 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 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 o f w h i c h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A id o f t h e C o r p o r a t i o n , 1955

Case

number Name and location Class of bank

Number of

depositors

or

accounts1

Date of closing or

deposit

assumption

First payment to

depositors, or

disbursement by

FDIC

Disbursement2

Receiver or

assuming bank

Receivership

First National Bank of

Lewisville, Lewisville, Texas

246 National 1,239 January 27,1955 February 7, 1955 $823,948 Federal Deposit Insurance

Corporation

247 Rathdrum State Bank,

Rathdrum, Idaho

State bank not

member F. R. System

1,157 April 30, 1955 May 10, 1955 713,095 Federal Deposit Insurance

Corporation

248 Bank of North Idaho,

Priest River, Idaho

State bank not

member F. R. System

1,300 April 30, 1955 May 11,1955 794,509 Federal Deposit Insurance

Corporation

249 Joshua Monument National

Bank of Twentynine Palms,

Twentynine Palms, Calif.

National 4,381 July 25, 1955 August 8, 1955 2,127,769 Federal Deposit Insurance

Corporation

Deposit

assumption

180 Frontier Trust Company,

Fort Fairfield, Maine

State bank not

member F. R. System

9,722 October 3, 1955 October 3, 1955 2,343,167 Northern National Bank of

Presque Isle, Maine

Case

number

Assets3

Total

Liabilities and capital accounts3

Cash and

due from

banks

U. S. Government

obligations

Other

securities

Loans,

discounts,

and

overdrafts

Banking

house,

furniture &

fixtures

Other

real

estate

Other

assets Deposits Other

liabilities

Capital

stock

Other

capital

accounts

T otal___ $4,107,994 $2,461,820 $234,627 $4,887,015 $200,969 $18,067 $74,848 $11,985,340 $11,962,578 $7,953 $300,000 $-285,191

Receivershiip

246 134,072 300,000 14,800 248,737 6,338 17,009 720,956 891,548 25,000 -195,592

247 212,370 153,000 63,828 563,027 11,060 13,398 1,016,683 909,443 1,676 25,000 80,564

248 115,900 135,000 73,899 748,835 22,295 5,385 1,101,314 983,013 2,468 40,000 75,833

249 1,122,451 1,273,820 2,100 630,799 64,605 16,871 3,110,646 3,713,914 3,569 50,000 -656,837

Deposit

assumpt on

180 2,523,201 600,000 80,000 2,695,617 96,671 18,067 22,185 6,035,741 5,464,660 240 160,000 410,841

At date of closing. Number of depositors in receivership cases; number of deposit accounts in deposit assumption case,

s a ^ece^ve^s^P cases includes disbursements made to December 31, 1955, plus estimated additional disbursement.

As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing.

DEPOSIT INSURANCE DISBURSEM ENTS

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(Amounts in thousands of dollars)

T a b le 12 0 . R e c o v e r ie s a n d L o sse s b y t h e F e d e r a l D e po sit I n s u r a n c e C o r p o r a t io n o n P o t e n t ia l l y R e c o v e r a b l e

D is b u r s e m e n t s fo r P r o t e c t io n o f D e p o s it o r s i n I n s u r e d B a n k s P l a c e d i n R e c e iv e r s h ip a n d in I n s u r e d B a n k s o f w h ic h

D e p o s its w e r e A ssu m ed b y A n o t h e r In su re d B a n k w ith t h e F in a n c ia l A id o f t h e C o r p o r a tio n , 1934-1955

Liquidation

status and

year of

receivership

or

deposit

assumption

All cases

Number

of

banks

FDIC

disbursement

Recoveries

to Dec.

31, 1955

Estimated

additional

recoveries

Losses1

Receivership cases

Number

of

banks

FDIC

disbursement2

Recoveries

to Dec.

31,1955

Estimated

additional

recoveries

Deposit assumption cases

Number

of

banks

FDIC disbursement3

Principal

Liquidation expenses

and

advances

Recoveries

to Dec.

31, 1955

Estimated

additional

recoveries

Losses1

T otal..........

Status

Active.

Terminated

Year

193 4 

193 5 

193 6 

193 7 

193 8 

193 9 

194 0 

194 1 

194 2 

194 3 

194 4 

194 5 

194 6 

194 7 

194 8 

194 9 

195 0 

195 1 

195 2 

195 3 

195 4 

195 5 

429

390

335,189

139,855

195,334

941

9,162

15,715

20,042

35,381

85,373

91,366

25,356

11,901

7,244

1,540

1,865

276

2,003

3,188

2,717

4,414

2,002

1,547

5,333

975

6,848

302,740

126,130

176,610

734

6,425

13,249

16,490

32,956

78,200

87,215

24,696

11,212

7,120

1,500

1,865

276

1,741

2,548

2,345

2,999

1,909

651

5,326

562

2,721

4,341

4,341

16

259

65

28,108

9,384

18,724

207

2,716

2,459

3,552

2,425

7,157

3,892

595

689

124

40

249

4

245

91,503

4,459

87,044

941

6,025

8,056

12,044

9,092

26,197

4,895

12,278

1,612

5,500

404

75,114

2,248

72,866

734

4,274

6,596

9,517

7,908

20,399

4,313

12,065

1,320

5,376

364

1,858

1,858

14,531

353

14,178

207

1,751

1,460

2,527

1,184

5,798

582

213

292

124

40

180

35

145

197,303

108,993

88,310

46,383

26,403

19,980

227,626

123,882

103,744

188

25

83

76

6

118

3,474

74

640

1,390

10

820

295

653 4,459 2,248 1,858 353

1

27

25

24

28

24

7

14

1

1

1

1

5

3

4

4

2

3

2

2

1

2,865

6,725

7,116

21,387

41,573

69,239

11,602

9,213

1,672

1,099

1,768

265

1,724

2,990

2,552

3,986

1,885

1,369

5,017

913

2,343

272

934

882

4,902

17,603

17,232

1,476

1,076

72

37

97

11

279

198

165

428

117

178

316

62

46

2,151

6,653

6,973

25,048

57,801

82,902

12,631

9,892

1,744

1,136

1,865

276

1,741

2,548

2,345

2,999

1,909

651

5,326

562

473

2.483

2.483

13,577

9,031

4,546

21 965

7 999

1,025

1,241

16 1,359

259 3,310

65 382

397

188 74

640

3 369

25 1,390

83 10

76 820

6

118 295

1,616 300

N ote: Because of rounding, components may not add precisely to totals.

1 Includes estimated losses in active cases. Not adjusted for interest or allowable return, which was collected in some cases in which the disbursement was fully recovered.

2 Includes estimated additional disbursements.

3 Excludes excess collections turned over to banks as additional purchase price at termination of liquidations.

FEDERAL DEPOSIT INSURANCE CORPORATION

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I n d e x

Page

Accounts

3, 47-58, 62-75, 86-87, 90-95 

Admission to insured status. See

Insured status.

Alabama:

Accounts............... 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating.................110, 118

Bank branches............................ 110

Deposits

62, 76, 80, 82, 86, 90, 118-126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses..................................... 146

Insured banks.............................3, 110

Legislation................................... 101

Liabilities.................................... 126

Receiverships.............................. 163

Alaska:

Assets.......................................... 127

Bank(s), operating..................... 117

Bank branches............................ 117

Deposits.................................. 119, 127

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses..................................... 146

Insured banks............................ 3, 117

Liabilities.................................... 127

All banks. See Bank(s), operating.

American Institute of Banking,

correspondence courses..............19, 20

American Samoa:

Assets.......................................... 127

Bank(s), operating..................... 117

Bank branches............................ 117

Deposits..................................119, 127

Liabilities.................................... 127

Applications:

(for) Insured status.................... 7-8

Other........................................... 8

Types.......................................... 7-8

Areas outside Continental 

United States:

Assets and liabilities.................. 127

Deposits...................................... 119

Earnings and expenses.......... 146, 147

Number................... 108, 110, 117, 119

Arizona:

Accounts................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating..................... 110

Bank branches............................ 110

Deposits

62, 76, 80, 82, 86, 90, 118, 126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner.................................... vi

169

Page

Expenses..................................... 146

Insured banks.............................3, 110

Liabilities.................................... 126

Arkansas:

Accounts................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating.................110, 118

Bank branches............................ 110

Deposits

62, 76, 80, 82, 86, 90, 118, 126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses..................................... 146

Insured banks............................ 3, 110

Legislation...............................101-104

Liabilities.................................... 126

Receiverships.............................. 163

Assessment decisions................... 99, 100

Assets. See Bank(s), commercial; 

Bank(s), operating; Bank(s), 

placed in receivership; Bank(s),

savings; Federal Deposit Insurance Corporation.

Audit Division:

Educational program................. 19

Employees................................... 19

Audit report (FDIC, 1955) ...........20-22

Automobile instalment paper.

See Loan(s).

Bank(s), all. See Bank(s), 

operating.

Bank(s), commercial:

Assets and liabilities...............122-127

Categories............................... 106-107

Deposit(s)

33-34, 118-119, 123, 125-127

Insured...................122, 124, 128, 130

accounts.................................. 90, 91

distributions........................66-75

assets and liabilities............123-131

deposits

33-34, 118-119, 123, 125-127, 130

distributions........................76-85

interest on........... 38, 40, 134-155

earnings and expenses........134-155

expense ratios..........39-40, 134-155

income, sources and

disposition........................... 35-36

number

108, 110, 112, 114, 116, 118-119

profits.......................42-43, 134-155

salaries and wages........40, 134-155

(by) States. See Names of 

individual States.

Noninsured:

assets and liabilities. . .31, 122, 125

capital accounts............34, 123-125

deposits......................... 34, 123-125

Number...........................108, 110-119

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170 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

Bank(s), insured:

Accounts............................... 48, 62-65

changes, 1934-1955.................54-58

Assessment rate paid b y .......... 11

Assets and liabilities..........8, 128, 130

Bank examinations..................... 4

Deposit(s)............. 3, 27, 48, 51, 62-65

changes, 1984-1955.................54-58

Deposit information request,

(1955)............................8, 47, 59-61

Disbursements for protection of 

depositors. .9-11, 162-163, 165-166

Earnings.....................37-38, 132-159

Examination reports, review of 4

Expenses..................... 37-38, 132-159

Income.........................35-44, 132-159

Growth, 1947-1955................. 35-37

Income credit, (for) adjusted

net assessment income...........12, 13

Insurance coverage.....................47-48

Insured status termination........ 4

actions, 1936-1955.................. 6

Legislation concerning. .17-18, 99-104 

Main office,

change of location................... 100

Number insured............... 48, 108-119

Official advertising statement. . 100 

Receivership. See Bank(s), 

placed in receivership.

Termination proceedings, involuntary, 1955........................... 6

See also Areas outside the Continental United States; Names 

of individual States.

Bank(s), national:

Assets and liabilities statements .8,121

Dividends........................... 8, 138-141

Earnings..............................8, 138-141

Examination reports, review. . . 4

Expenses............................. 8, 138-141

Number...................................108-117

Bank(s), new:

Admission to insured status... 7, 108

Proposed, investigation of......... 4

Bank(s), noninsured:

Assets.....................8, 30-31, 122, 124

Capital accounts......................... 34

Deposits............................ 34, 118-119

Liabilities..........................8, 123, 125

Number...........................108, 110-119

Trust companies, non-deposit

27, 107-119, 122-125 

Bank(s), operating:

Absorption.................................. 25-26

Admission to insured status,

application for......................... 7

Assets.......................................... 120

components...................28, 122-125

gro vvth..................................... 27-29

statistics..................................8, 120

Capital accounts........ 33-35, 123, 125

Classification..................106, 108, 109

Classification changes................ 108

Consolidations............................ 25-26

Deposits............................27, 106, 118

components................... 32, 123-125

Page

growth..................................... 31-33

statistics..................................8, 120

(by) FDIC District................118, 126

Insurance status.........................26-27

Loans...........................29-30, 122, 124 

Mergers....................... 25-26, 162-165 

Number...... 25-26, 106, 108, 109, 118 

Offices.......................... 25-26, 108-117

(by) State................................110-120

Bank(s), placed in receivership:

1955.............................................9, 165 

1934-1955...................... 9-11, 162-164

Disbursements by FDIC

9-10, 162-163, 165-166

Losses of depositors................... 11

Bank(s), savings:

Deposits, insured........................ 50

Guaranty (New Hampshire)

“ savings deposit” , amended

meaning............................... 18

Mutual:

Insured....................................108, 110 

accounts.......................86-87, 94-95

additions to surplus................ 44

assets.............30, 122, 124, 128, 130

losses on...............................41-42

deposits.........33, 88-89, 94-95, 118 

dividends on....... 38, 40, 156, 158

earnings and expenses. .38, 156-157

expense ratios................. 39-40, 158

income.....................35, 38, 156-157

surplus accounts...............33, 36, 44

Noninsured............................. 108-119

assets.......................30, 31, 122, 124 

deposits......... 33, 118-119, 123, 125

liabilities............................. 123, 125

surplus accounts...........33, 123, 125

Bank(s), State:

Assets statements....................... 8

Dividends........................... 8, 138, 140

Earnings and expenses. . . . 8, 138, 140 

Examination reports review. . . . 4

Liabilities statements................. 8

Number...................................108-117

Bank branches............................109-117

Classification changes................ 109

Discontinued............................ 26, 109

Number.............................25, 109-117

Opened for business................. 26, 109

Proposed, examination o f.......... 4

(by) States.............................. 110-117

Bank capital. See Capital accounts.

Bank examinations......................... 4

Bank examiners..................... vi, 18-20

Bank failures.................... 9-11, 161-165

Bank management:

Unsafe and unsound practices,

citation for.............................. 5

Bank of North Idaho, Priest

River, Idaho............................... 165

Bank statements....................8, 121, 133

Banking legislation. . . . . 17-18, 101-104

Charter changes......................... 101

Checks......................................... 104

Collections................................... 103

Deposits...................................... 102

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Directors..................................... 104

Employees................................... 104

Federal........................................17, 99

Holidays...................................... 104

Investments................................ 102

Loans........................................... 102

Officers........................................ 104

Operating provisions, general. . 102

Organization changes................. 101

Reserves...................................... 103

(by) States.............................. 101-104

Supervisory authority................ 101

Taxation...................................... 104

Trust activities........................... 103

Trustees....................................... 104

Banking offices:

classification............................106-109

number changes..........25-26, 108-109

Banking practices, unsafe and 

unsound:

citations for................................. 4-6

Board of Directors......................... v, 18

Branches. See Bank branches.

California:

Accounts.................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating................. Ill, 118

Bank branches............................ I ll

Deposits.. .62, 76, 80, 82, 86, 118, 126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses..................................... 146

Insured banks............................ 3, 111

Legislation...............................101-104

Liabilities.................................... 126

Receiverships......................... 163, 165

Capital, citations for inadequate. . 5 

Capital accounts and ratios

33-35, 123, 125, 131, 136, 141, 145 

Checks, legislation concerning. . . . 104 

City (ies):

Insured accounts............64-65, 68, 87

Insured banks.......................51, 64-65

Insured deposits

17, 51, 53, 64-65, 78, 89 

Civil Service Retirement System.. 19 

Collections, legislation concerning 104 

Colorado:

Accounts.................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating.................Ill, 118

Bank branches............................ I ll

Deposits

62, 76, 80, 82, 86, 90, 118, 126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner.................................... vi

Expenses..................................... 146

Insured banks............................ 3, 111

Legislation.............................. 101, 104

Liabilities.................................... 126

Receiverships.............................. 163

Page Page

Commercial banks. See Bank(s), 

commercial.

Connecticut:

Accounts............ 62, 66, 70, 72, 86, 90

Assets.......................................... 126

Bank(s), operating................. Ill, 118

Bank branches............................ I ll

Deposits

62, 76, 80, 82, 88, 90, 118, 126

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses..................................... 146

Insured banks............................ 3, 111

Legislation...............................101-104

Liabilities.................................... 126

Receiverships.............................. 163

Controller’s Office, employees....... 19

Credit and collection policies, lax 

and hazardous, citations for. . . . 5

Delaware:

Accounts............62, 66, 70, 72, 86, 90

Assets.......................................... 126

Bank(s), operating................. Ill, 118

Bank branches............................ I ll

Deposits.. .62, 76, 80, 82, 88, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 111

Legislation.............................. 101, 102

Liabilities.................................... 126

Deposit(s). See Bank(s), insured; 

Bank(s), operating; Bank(s), 

savings; Names of individual 

States.

Deposit accounts............................45-58

Coverage limit............................47, 54

“ fully protected”

48-50, 53-55, 62-65, 90-95

Growth........................................ 55

Size.............................................. 56

Deposit insurance fund. 12, 15-17, 21-22 

Depositor (s):

Accounts in different rights and

capacities.................................47-48

Disbursements for protection

9-10, 160-163, 165-166

Insurance protection..................47-58

Losses of...................................... 11

Number of.............................48, 54-56

Directors. See Board of Directors. 

Directors, legislation concerning.. 104 

District of Columbia:

Accounts.................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating..................... I ll

Bank branches............................ I ll

Deposits.. .62, 76, 80, 82, 86, 118, 126

District office.............................. vi

Dividends.................................... 148

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Page

Earnings...................................... 148

Expenses..................................... 148

Insured banks............................3, 111

Liabilities.................................... 126

Earnings. See Bank(s), commercial, earnings and expenses; 

banks, savings, mutual, insured. 

Employees, legislation concerning. 104 

Employee benefits and programs

of FDIC...................................... 19-20

Examination(s). See Bank examinations.

Examination Division:

Activities, 1954-1955.................. 4

Educational program................. 19-20

Employees...................................18-19

Examiners. See Bank examiners.

Executive Offices, employees........ 19

Expenses. See Bank(s), commercial, earnings and expenses.

FDIC. See Federal Deposit Insurance Corporation.

Federal Deposit Insurance Act

4, 11, 17, 47

Audit........................................... 17

Credit to insured banks............ 11, 22

Federal Deposit Insurance 

Corporation:

Actions to terminate insured

status....................................... 4-6

Address........................................ v

Administration.......................iv, v, 18

Administrative expenses............ 13

Admission to insured status. . . . 7

Applications acted upon............ 7-8

Assessment income.....................11-14

Assets.................................... 14-15,21

Audit........................................... 17

Audit report................................20-22

Authority, delegation o f..........18, 100

Board of Directors...............iv, v, 18

Disbursements to protect depositors. . . .9-10, 160-163, 165-166

District office (s)......................... vi

Districts (map)........................... vii

Districts:

Bank(s), operating, grouped 

by:

assets................................... 126

deposits............................118-126

liabilities.............................. 126

number............................ 118-126

Employees...................................18-19

benefits and programs.. . . 19-20, 22

Examinations.............................. 4

Expenses..................................... 12-14

Income.......................... 11-14, 22, 166

Insurance protection provided

b y ........................................ 3, 47-49

Legal developments. . . . 17-18, 99-100

Liabilities.............................. 14-15, 21

Officials................................... v, vi

Organization..........................iv, 18-19

Risk concentration.........16-17, 51-53

Rules and regulations:

amendments..............17-18, 99-100

assessment decisions............... 99

delegation of authority.......... 100

payment of deposits............... 99

Supervisory activities................ 4-8

Federal deposit insurance fund.

See Deposit insurance fund.

Federal Employees Group Life

Insurance Act (1954)................. 19

Federal legislation......................... 17, 99

Federal Register, Amended FDIC 

rules and regulations. . . 17-18, 99-100 

Federal Reserve System:

Members:

dividends................................. 139

earnings and expenses........138-141

insured without application. . 7

national....................... 108, 110-117 

State............................ 108, 110-117

First National Bank of Lewisville,

Lewisville, Texas........................ 165

Florida:

Accounts.................. 62, 66, 70, 72, 90

Assets.......................................... 128

Bank(s), operating............... . I ll

Bank branches............................ I ll

Deposits.. .62, 76, 80, 82, 90, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 111

Legislation...............................101-104

Liabilities.................................... 126

Receiverships.............................. 163

Frontier Trust Company, Fort 

Fairfield, Maine.......................... 165

Georgia:

Accounts.................. 62, 66, 70, 72, 90

Assets.......................................... 126

Bank(s), operating..................... I ll

Bank branches............................ I ll

Deposits.. .62, 76, 80, 82, 90, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 111

Legislation......................101, 102, 104

Liabilities.................................... 126

Receiverships.............................. 183

Guaranty savings banks. See

Bank(s), savings.

Hawaii:

Assets.......................................... 127

Bank(s), operating.................117, 119

Bank branches............................ 117

Deposits.................................. 119, 127

District office.............................. vi

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Examiner..................................... vi

Liabilities.................................... 127

Holidays, legislation concerning. . 104

Idaho:

Accounts.................. 62, 67, 71, 73, 91

Assets.......................................... 126

Bank(s)....................................... I l l

Bank branches............................ I l l

Deposits.. .62, 77, 81, 83, 91, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 111

Legislation...............................102-104

Liabilities.................................... 126

Receiverships..........................163, 165

Illinois:

Accounts.................. 62, 67, 71, 73, 91

Assets.......................................... 126

Bank(s), operating..................... I l l

Bank branches............................ I l l

Deposits.. .62, 77, 81, 83, 91, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 111

Legislation...............................101-103

Liabilities.................................... 126

Receiverships.............................. 163

Indiana:

Accounts............62, 67, 71, 73, 86, 91

Assets.......................................... 126

Bank(s), operating..................... 112

Bank branches............................ 112

Deposits.62, 77, 81, 83, 88, 91, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 112

Legislation.............................. 101, 104

Liabilities.................................... 126

Receiverships.............................. 163

Insured status:

Admission to............................... 7

Termination proceedings, 1955. . 6 

Investments:

Citation for unsound................. 5

Legislation concerning........... 102-103

Iowa:

Accounts.................. 62, 67, 71, 73, 91

Assets.......................................... 126

Bank(s), operating..................... 112

Bank branches............................ 112

Deposits.. .62, 77, 81, 83, 91, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Page

Insured banks.............................3, 112

Legislation...............................102-103

Liabilities.................................... 126

Receiverships.............................. 163

Joshua Monument National Bank, 

Twentynine Palms, California. . 165

Kansas:

Accounts.................. 62, 67, 71, 73, 91

Assets.......................................... 126

Bank(s), operating..................... 112

Bank branches............................ 112

Deposits.. .62, 77, 81, 83, 91, 118, 126

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks............................ 3, 112

Legislation...............................101-104

Liabilities.................................... 126

Receiverships.............................. 163

Kentucky:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 112

Bank branches............................ 127

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner..................................... vi

Expenses..................................... 148

Insured banks.............................3, 112

Liabilities.................................... 127

Receiverships.............................. 163

Law violations:

Actions to terminate insured

status, 1986-1955.................... 6

Citations for............................... 4-6

Legal Division, employees............. 19

Legislation. See Banking 

legislation.

Liquidation, legislation concerning 104 

Liquidation Division, employees. . 19 

Loan(s):

Agricultural................................ 29, 30

Automobile instalment.............. 30

Citations for unsound................ 5

Commercial................................. 30

(and) Discounts............. 122, 124, 129

Distribution o f............................29-30

Income rate on. .38-39, 137, 141, 159

Increase (1955)........................... 30

Industrial.................................... 30

Instalment................................ 30, 121

Legislation concerning............... 102

“ other loans to individuals” . ... 30

Real estate....... 29, 39, 122, 124, 129 

Losses on assets 

40-42, 134-135, 138-139, 142-143, 157 

Louisiana: 

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

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Page

Bank(s), operating..................... 112

Bank branches............................ 112

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 148

Earnings...................................... 148

Examiner.................................... vi

Expenses..................................... 148

Insured banks............................ 3, 112

Liabilities.................................... 127

Receiverships.............................. 163

Louisiana State University, School 

of Banking of the South, courses 19

Maine:

Accounts............ 63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 112

Bank branches............................ 112

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner.................................... vi

Expenses..................................... 150

Insured banks............................ 3, 112

Legislation...............................101-104

Liabilities.................................... 127

Receiverships.............................. 163

Mariana Islands:

Assets.......................................... 127

Bank(s), operating.................117, 119

Bank branches............................ 117

Deposits..................................119, 127

Liabilities.................................... 127

Maryland:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks.............................3, 113

Legislation.............................. 101, 104

Liabilities.................................... 127

Receiverships.............................. 163

Massachusetts:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks.............................3, 113

Legislation...............................101-103

Liabilities.................................... 127

Receiverships.............................. 163

Mergers. See Banks, operating.

Michigan:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks............................ 3, 113

Legislation...............................102-104

Liabilities.................................... 127

Receiverships.............................. 163

Minnesota:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks............................ 3, 113

Legislation...............................101-104

Liabilities.................................... 127

Receiverships.............................. 163

Mississippi:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks.............................3, 113

Liabilities.................................... 127

Receiverships.............................. 163

Missouri:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................. 150

Earnings................................... . 150

Examiner................................... vi

Expenses..................................... 150

Insured banks............................ 3, 113

Legislation.......................101, 103-104

Liabilities.................................... 127

Receiverships.............................. 163

Montana:

Accounts.................. 63, 67, 71, 73, 91

Assets........................................... 127

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Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks............................ 3, 113

Legislation...............................103-104

Liabilities.................................... 127

Receiverships.............................. 163

Mutual savings banks. See Bank(s), 

savings.

National banks. See Bank(s),

national.

Nebraska:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses..................................... 150

Insured banks............................ 3, 113

Legislation.............................. 101, 104

Liabilities.................................... 127

Receiverships.............................. 163

Nevada:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 113

Bank branches............................ 113

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner..................................... vi

Expenses................................. 150

Insured banks............................ 3, 113

Legislation...............................103-104

Liabilities.................................... 127

New Hampshire:

Accounts............ 63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), guaranty savings........ 6, 18

Bank(s), operating..................... 114

Bank branches............................ 114

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 150

Earnings...................................... 150

Examiner.................................... vi

Expenses..................................... 150

Insured banks............................ 3, 114

Legislation...............................102-103

Liabilities.................................... 127

Receiverships.............................. 163

New Jersey:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Page

175

Bank(s), operating..................... 114

Bank branches............................ 114

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner.................................... vi

Expenses..................................... 152

Insured banks............................ 3, 114

Legislation...............................101-103

Liabilities.................................... 127

Receiverships.............................. 163

New Mexico:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 114

Bank branches............................ 114

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner.................................... vi

Expenses..................................... 152

Insured banks.............................3, 114

Legislation...............................101-104

Liabilities.................................... 127

New York (City):

Insured deposits.........................51, 64

New York (State):

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 114

Bank branches............................ 114

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks............................ 3, 114

Legislation.............................. 102, 103

Liabilities.................................... 127

Receiverships.............................. 163

Noninsured banks. See Bank(s), 

noninsured.

North Carolina:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 114

Bank branches............................ 114

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks.............................3, 114

Legislation......................101, 102, 104

Liabilities.................................... 127

Receiverships.............................. 163

North Dakota:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 114

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176 FEDERAL DEPOSIT INSURANCE CORPORATION

Bank branches............................ 114

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks.............................3, 114

Legislation.............................. 102, 103

Liabilities.................................... 127

Receiverships.............................. 163

Officer(s), legislation concerning. . 104

Ohio:

Accounts............ 63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks............................ 3, 115

Legislation...............................101-103

Liabilities.................................... 127

Receiverships.............................. 163

Oklahoma:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks............................ 3, 115

Liabilities.................................... 127

Receiverships.............................. 163

Operating banks. See Bank(s), 

operating.

Operating earnings and expenses.

See Bank(s), commercial;

Bank(s), savings, mutual, 

insured.

Oregon:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks.............................3, 115

Legislation...............................101-102

Liabilities.................................... 127

Receiverships.............................. 163

Page

Panama Canal Zone:

Assets.......................................... 127

Bank(s), operating.................117, 127

Bank branches............................ 117

Deposits.................................. 119, 127

Liabilities.................................... 127

Pennsylvania:

Accounts............ 63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks.............................3, 115

Legislation...............................101-103

Liabilities.................................... 127

Receiverships.............................. 163

Profit (s)...........42-43, 135-136, 139-145

Puerto Rico:

Assets...................................... 121, 127

Bank(s), operating.................117, 127

Bank branches............................ 117

Deposits.................................. 119, 127

District office.............................. vi

Dividends.................................... 146

Earnings...................................... 146

Examiner..................................... vi

Expenses...................................... 146

Insured banks.............................3, 117

Liabilities................................121, 127

Rathdrum State Bank,

Rathdrum, Idaho....................... 165

Receivership. See Bank(s), placed 

in receivership.

Reports from banks:

Assets and liabilities

8, 106-107, 120-121 

Earnings 8, 106-107, 133

Insured accounts and deposits

8, 47, 59-61 

Research and Statistics Division,

employees.................................... 19

Reserves, legislation concerning. . 103 

Reserves for losses

31, 40-42, 122, 124, 129

Rhode Island:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks.............................3, 115

Liabilities.................................... 127

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Rutgers University, Graduate 

School of Banking, courses. . . . 19

Savings banks. See Bank(s),

“ savings deposit,” amended

meaning...................................... 18, 99

Securities. .28-29, 37, 122, 124, 126-128 

Size of bank, deposit:

Earnings data......................... 142-145

Insured accounts and deposits

49-52, 57, 64, 68, 74-75, 

78, 84-85, 89, 92, 94

Social Security Act........................ 19

South Carolina:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 152

Earnings...................................... 152

Examiner..................................... vi

Expenses..................................... 152

Insured banks............................ 3, 115

Legislation.............................. 102, 103

Liabilities.................................... 127

Receiverships.............................. 163

South Dakota:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 115

Legislation...............................101-103

Liabilities.................................... 127

Receiverships.............................. 163

State (s):

Banking legislation.................101-104

Banks of deposit, insured. .3, 110-117 

See also names of individual 

States.

State banks. See Bank(s), State.

Taxation, legislation concerning.. 104 

Tennessee:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner.................................... vi

Expenses..................................... 154

Insured banks............................ 3, 115

Legislation................................... 102

Liabilities.................................... 127

R eceiverships.............................. 163

Page Page

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 115

Bank branches............................ 115

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses...................................... 154

Insured banks.............................3, 115

Legislation...............................101-104

Liabilities.................................... 127

Receiverships..........................163, 165

Treasury U. S., borrowing power. . 22 

Trust activities, legislation concerning ......................................... 103

Trust companies. See Banks, 

operating.

Trustees, legislation concerning. . 104

Unsafe and unsound banking 

practices. See Banking practices.

Utah:

Accounts...................63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 116

Bank branches............................ 116

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 116

Legislation................................... 104

Liabilities.................................... 127

Valuation reserves. See Reserves 

for losses.

Vermont:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 116

Bank branches............................ 116

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 116

Legislation................................... 101

Liabilities.................................... 127

Receiverships.............................. 163

Violation(s). See Law violations.

Virgin Islands:

Assets.......................................... 127

Bank(s), operating.................117, 127

Bank branches............................ 117

Deposits.................................. 119, 127

District office.............................. vi

Examiner..................................... vi

Liabilities.................................... 127

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
178 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

Page

Virginia:

Accounts...................63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 116

Bank branches............................ 116

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 116

Liabilities.................................... 127

Receiverships.............................. 163

Washington:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating..................... 116

Bank branches............................ 116

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner.................................... vi

Expenses..................................... 154

Insured banks............................ 3, 116

Legislation...............................101-104

Liabilities.................................... 127

Receiverships.............................. 163

West Virginia:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 116

Bank branches............................ 116

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Page

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 116

Legislation...............................103-104

Liabilities.................................... 127

Receiverships.............................. 163

Wisconsin:

Accounts............63, 67, 71, 73, 86, 91

Assets.......................................... 127

Bank(s), operating................... . 116

Bank branches............................ 116

Deposits

63, 77, 81, 83, 88, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner..................................... vi

Expenses..................................... 154

Insured banks.............................3, 116

Legislation...............................101-102

Liabilities.................................... 127

Receiverships.............................. 163

Wisconsin, University of, School

of Banking, courses.................... 19

Wyoming:

Accounts.................. 63, 67, 71, 73, 91

Assets.......................................... 127

Bank(s), operating..................... 117

Bank branches............................ 117

Deposits.. .63, 77, 81, 83, 91, 119, 127

District office.............................. vi

Dividends.................................... 154

Earnings...................................... 154

Examiner.................................... vi

Expenses..................................... 154

Insured banks.............................3, 117

Legislation...............................101-104

Liabilities.................................... 127

Receiverships.............................. 163

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis