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A L L - B A N K STATISTICS

U N I T E D

S T A T E S

1 8 9 6 - 1 9 5 5

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BOARD OF GOVERNORS OF THE


FEDERAL RESERVE SYSTEM

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PUBLISHED APRIL 1959

Library of Congress Catalog Card Number 58-60050

PREFACE

A reworking of the basic historical banking data of the United States, carried as far back as
practicable, has long been needed in order to establish a comparable and consistent record for use
by Federal and State bank supervisory agencies, bankers, students of money and banking, and
others. Some years ago such an undertaking was initiated by the Board of Governors of the
Federal Reserve System, with the active collaboration of the Comptroller of the Currency and the
Federal Deposit Insurance Corporation. The program has also received the cooperative interest
and support of State bank supervisors.
This volume includes the results of this comprehensive revision of statistics for all banks, by
class of bank and by State, for the period 1896-1955, together with descriptive and explanatory
material. In part the revised record verifies the substantial accuracy of that published for many
years by the Comptroller of the Currency and by the Federal Deposit Insurance Corporation since
its establishment in 1933; in part it supplements and corrects the earlier record by providing over
time more complete coverage of all banks and balance-sheet items. The new series is a useful
statistical history of banking developments in the United States over the past 60 years and provides
a reliable basis for relating banking and monetary forces to changing levels of economic activity.
Briefly, the specific advantages of the revised series over presently existing series are; fuller
coverage as well as greater consistency of balance-sheet items annually for more than a half century;
major breakdowns of principal balance-sheet items on a standard basis (for example, segregation
of loans into real estate, collateral, and other loans for the period 1896-1938 and into a larger
number of items beginning with 1939); and inclusion of data on hundreds of unincorporated
(private) banks. These data are provided in convenient form both for States and for major
categories of banks.
The revised series carries back to 1896 in a condensed form the Federal series which has been
compiled semiannually by the Federal Deposit Insurance Corporation since 1947 pursuant to
arrangements made by the three Federal bank supervisory agencies in that year. Summary
figures for 1956 and later years are available in recent publications of the Federal Deposit Insurance
Corporation, and detailed data are available upon request from that agency.
Preparation of this historical banking record engaged many members of the Board's staff,
especially the staffs of the Divisions of Bank Operations, Research and Statistics, and Administrative Services. Major contributions to the completion of the project were made by Raymond J.
Collier and Edwin J. Swindler, who directly supervised the development of statistical techniques
and compilations and prepared the description of the series; Harold L. Cheadle, now of the staff
of the Federal Reserve Bank of Chicago, who participated in the developmental work of the
project; Rita S. Boyer and Elizabeth P. Tewksbury, who did much of the statistical work, with
the latter also carrying the main load of checking individual State and United States series and
descriptions; Davis H. Wilson, who supervised the vast amount of machine tabulation; and
Elizabeth B. Sette, who edited the material and prepared it for publication. General supervision
was provided by J. E. Horbett, formerly Associate Director of the Division of Bank Operations,
and Albert R. Koch, Associate Adviser of the Division of Research and Statistics.

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IV

The work at the Board was greatly facilitated by material furnished from the files of the
Comptroller of the Currency and the Federal Deposit Insurance Corporation; by consultation with
William A. Kane, formerly Chief of the Statistical Division of the Comptroller of the Currency; and
by a detailed and painstaking review of the preliminary results by Clark Warburton, of the Division
of Research and Statistics of the Federal Deposit Insurance Corporation, whose comments and
suggestions were particularly helpful because of his long-time historical research in and studies of
the American banking structure. Preliminary results of the tabulations were circulated to the
supervisors of State banks and others for comment and suggestion.
RALPH A. YOUNG, Director
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
WASHINGTON, D. C.
November 19,1958

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CONTENTS

PART IUNITED STATES SUMMARY


PAGE

INTRODUCTION
HISTORY OF ALL-BANK STATISTICS
THE REVISED SERIES
Definition of "Bank"
Classification of Banks
Balance-Sheet Items
COMPARISONS WITH SERIES PREVIOUSLY AVAILABLE, 1896-1933
Number of Banks
Total AssetsTotal Liabilities and Capital Accounts
Loans and Investments
Deposits
Capital Accounts
SOURCES OF DATA
Comptroller of the Currency
State Banking Departments
Federal Deposit Insurance Corporation
Federal Reserve System
National Monetary Commission
Bankers' Directories
Other Sources
NATIONAL BANKS, 1896-1955
Loans
Obligations of States and Political Subdivisions
Time Deposits
INCORPORATED STATE COMMERCIAL BANKS, 1896-1933
Major Estimating Problems
Procedures and Techniques of Estimating
UNINCORPORATED BANKS, 1896-1933
Number of Banks
States Selected for Separate Tabulations of Balance Sheets
Major Balance-Sheet Items
Data compiled for a few States
Data estimated for other States
Breakdowns of Major Items

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3
3
4
5
5
6
8
8
8
9
13
13
13
13
14
14
15
15
15
16
16
17
17
18
18
19
19
21
22
23
23
24
24
25

VI

PAGE

ALL STATE COMMERCIAL BANKS, 1934-1955


1934-1946
1947-1955

26
26
28

MUTUAL SAVINGS BANKS

28

APPENDICES:
A. All BanksContinental United States
B. Revised Series and Former Series
C. Reports of State Banking Authorities
D. Nonlicensed Banks, 1933 and 1934
E. Composition of Asset and Liability Items
F. Interpolating Technique No. 2

30
53
67
71
86
92

PART IISUMMARIES BY STATES AND OTHER AREAS


ALABAMA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO

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96
112
128
144
161

183
213
238
252
268
291
306
327
358
380
396
413
428
452
483
512
535
566
582
598
618
635
651
674
705

Vll
PAGE

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 AREAS

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720
755
770
787
819
836
861
892
916
933
948
964
987
1003
1026
1047
1076
1101
1127
1142

PART IUNITED STATES SUMMARY

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U N I T E D STATES S U M M A R Y

Statistics for banks in the United States


have improved with changes in the banking
system and with banking legislation during
the twentieth century. Establishment of the
Federal Reserve System in 1913 resulted ultimately in a uniform reporting of data by
banks that were members of the System. Still
more uniformity in reporting followed the
establishment of the Federal Deposit Insurance Corporation in 1933. The resulting improvements in statistics pointed up the need
for compiling more adequate data for earlier
years in order to provide a consistent, longrun series. The need comprehended classifications of data that would be more nearly
comparable with those for recent years and a
complete coverage of banking institutions.
The banking system of the United States
comprises thousands of separate institutions,
some Federally chartered and some State chartered. In addition, at the turn of the century
unincorporated banks accounted for a substantial portion of the total number of banks. Data
for Federally chartered and for State chartered banks have generally been more adequate than those for unincorporated banks.
Before 1909, however, data for all types of
banks often were not reported fully.
To provide more adequate banking data,
the Board of Governors of the Federal Reserve

Systemwith the cooperation of the Comptroller of the Currency, the Federal Deposit
Insurance Corporation, and the State bank
supervisory authoritieshas compiled a revised series for all banks in the continental
United States as of June 30 of each year,
1896-1955. This series includes data for principal assets and liabilities and number of the
major categories of banks. Figures for these
categories are shown in the tables on pages
30-49 of this Part. Part II, which begins on
page 96, includes comparable figures by States,
as well as for areas outside the continental
United States.
Revisions in the data affect primarily the
nonnational components. The largest changes
in terms of both number of banks and balancesheet data are in the figures for years before
1920. Comparisons with series previously
available indicate that in some of the earliest
years of the period the number of banks in the
revised series is as much as 45 per cent larger
than the number in existing series. Most of the
institutions added were smaller, on the average, than those included in earlier series. Accordingly, the revision affected assets and
liabilities relatively less than the number.
Nevertheless, in some of the early years the
revision in balance-sheet totals was as much as
14 per cent.

HISTORY OF ALL-BANK STATISTICS


Compilation and publication of statistics
1863 the Secretary of the Treasury compiled
for all banks by Federal authorities began in
and published certain data for all banks that
1833 under a resolution passed by the House
responded to his call for information. Comof Representatives in 1832. From then until
pilation of the series, which was discontinued

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All-Bank Statistics
when the National Bank Act was passed, was
resumed in 1873 by the Comptroller of the
Currency in compliance with Federal legislation enacted that year. From then until 1947
the primary responsibility for all-bank statistics remained with the Comptroller.
In 1947 the Comptroller of the Currency,
the Board of Governors of the Federal Reserve
System, and the Federal Deposit Insurance
Corporation, which were compiling somewhat
different balance-sheet statistics for all banks,
worked out an arrangement for the Federal
Deposit Insurance Corporation to compile
semiannually a uniform series of statistics for
all banking institutions.
In the 1833-1863 period, reporting by
banks to the Secretary of the Treasury was
voluntary. The need for complete reporting
was recognized in the Act of 1873, which authorized the Comptroller to obtain balancesheet data for banks other than national banks
from State banking authorities, territorial
authorities, or individual banks. Although
coverage was improved, the data obtained
were not sufficiently uniform for a national
series, because the various State and territorial authorities did not request the same
information from banks and some States had
no departments to request statistics.
Provisions of this law, moreover, failed
to affect reporting by one major banking group
the unincorporated banks. In some States
large numbers of these banks, usually referred
to as "private" banks, operated outside the
jurisdiction of State authority. A request each
year by the Comptroller that private banks
report directly to him met with only limited
success.

Notwithstanding the difficulties of collecting statistics for all banks, the coverage and
standardization of data published by the
Comptroller became progressively more adequate, particularly after World War I. This
improvement reflected for' the most part
greater uniformity in classification of balancesheet data requested of banks by the Comptroller and State banking authorities. To a
lesser extent, it was the result of more adequate collection and tabulation of bank data
by existing State departments and the establishment of banking departments in States
that previously had none.
The problems of collecting data from
banks not reporting to either State or Federal
authority were largely overcome by the Banking Act of 1933, which required all banks
receiving deposits subject to check to report
to either State or Federal authority. Among
private banks, however, the improvement in
reporting was shortlived, for the Banking Act
of 1935 amended the 1933 Act to require that
nonnational banks report only to State authorities. After this amendment, private banks in
some States discontinued reporting to either
State or Federal authority but some private
banks continued to furnish balance-sheet data
to Federal authority upon request.
Efforts to promote uniformity in bank
statistics culminated in 1938 when representatives of Federal bank supervisory agencies
worked out a standardized balance-sheet report form. This form, which was approved by
the National Association of State Bank Supervisors, was adopted by the three Federal banking agencies and by many State banking
departments. Nearly all States now use a form
that is substantially consistent with the standard one.

THE REVISED SERIES


The revised all-bank series, which begins
with 1896, is an improvement over previously
available series in two major respects:
First, it provides more accurate and more
complete data, State by State, than were avail-

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able before. In many States, large numbers


of private banks and State commercial banks
are included for the first time, particularly in
the earlier years. In some of the older States
such additions are small because nearly com-

United States Summary


plete data were already available for the
entire period, but in other States the additions
are substantial.
Secondly, it provides for principal classes
of banks beginning with 1896 breakdowns of
major asset and liability itemsloans, investments, cash assets, deposits, and capital accountsthat are as consistent as possible with
present-day classifications. Loans are subdivided into real estate, collateral, and "all
other" through 1938, and into more detail
thereafter; investments into United States
Government, State and political subdivision,
and other securities; cash assets into cash
items in process of collection, currency and
coin, and bankers' balances (including reserves) ; and deposits into interbank, United
States Government, other demand, and other
time.
These two types of improvements were
made possible in part by extensive research
into all types of available banking statistics
and in part by the cooperation of several large
private banks, which made their historical
balance-sheet data available for the first time.
The main sources of information, other than
the records of these private banks, were the
annual reports and statistical publications and
records of the Comptroller of the Currency,
the Bureau of Internal Revenue, the Board
of Governors of the Federal Reserve System,
the Federal Deposit Insurance Corporation,
and State banking departments, as well as
compilations published in bankers7 directories.
Unofficial compilations of figures for banks in
several States were also consulted.
DEFINITION OF "BANK"

In the revised series, a financial institution is considered a bank if it accepts deposits


from the general public or if it conducts principally a fiduciary business. This conforms
to the definition used by the Comptroller of
the Currency, the Federal Deposit Insurance
Corporation, and the Board of Governors of
the Federal Reserve System in the all-bank
statistics published beginning with 1947,1

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In accordance with this definition, national banks and chartered State banks, loan
and trust companies, stock savings banks, unincorporated or "private" banks, and mutual
savings banks are included in the revised
series over the entire period. Other chartered institutions that are included because
their operations involve the receipt of deposits
are cooperative exchanges in Arkansas, cash
depositories in South Carolina, and Morris
Plan and industrial banks (unless engaged
merely in making loans and investments).
Adoption of this concept of a bank introduced certain difficulties in compiling the
series. In the first place, some States did
not treat loan and trust companies as banks
until well into the period covered by the series,
and it was necessary to obtain data for such
companies from nonofficial sources. Secondly,
it was often difficult to determine whether
unincorporated financial institutions that did
not report to State or Federal authority were
banks. Beginning in 1934, banks accepting
deposits subject to check were not permitted
to engage in the securities business, but prior
to that time unincorporated financial institutions frequently combined a deposit banking
business with a brokerage or investment business. The methods of determining whether
an institution was engaged primarily in a
banking business in the early period are described in the section "Unincorporated Banks,
1896-1933."
CLASSIFICATION OF BANKS

In planning a useful organization of the


revised data for all banks, it was originally
hoped to provide two major classifications.
The first, by origin of charter, would comprise
1
In 1947, representatives of these three agencies agreed
that certain types of banks previously excluded from all-bank
statistics should thenceforth be included. (For complete descriptions of the types of institutions included and of those
excluded, see the 1956 Annual Report of the Federal Deposit
Insurance Corporation, pp. 88-89.) In compiling the revised
all-bank series, an effort was made to obtain balance-sheet
information for these banks and others of the same type for
the whole period 1896-1956, or, if no longer operative, for
the period when they were in existence. This effort was only
partly successful, but the missing data are not significant.

All-Bank Statistics
each State, tabulations of data for the kinds
of banks listed above that operate in that
State, together with a description of the
sources of the data and the methods used in
compiling them.

a series for national banks and a series for


State institutions; a separate series for unincorporated banks would supplement these two
series. The second classification, according to
function, would include a series for commercial
banks, one for savings banks, and one for loan
and trust companies.
Early in the project, however, it became
apparent that neither of these two classifications would be sufficiently accurate to justify
the effort and time required to prepare them.
Often the data needed for such classifications
were not available. In many States separate
data were not reported consistently by kinds
of banks, and in other States they were not
reported at all. Moreover, historical differences among classifications in lending and
investing activities, structure of deposit liabilities, and banking functions have diminished steadily over the period covered by the
revised series. This is a matter of common
knowledge among bankers and bank supervisors that is confirmed by available data on
the various kinds of banks.
As a practical solution, therefore, it was
decided to compile the data according to a
classification that is in part by origin of charter and in part by banking function, as follows: (1) all banks, (2) commercial banks,
that is, all banks other than mutual savings
banks, (3) national banks, (4) incorporated
and unincorporated State commercial banks,
that is, all banks other than national and
mutual savings banks, and (5) mutual savings
banks.2 In this publication, the term "nonnational banks" is often used in referring to
Groups (4) and (5) combined.
The simplest and most accurate method
was to compile the data on a State-by-State
basis. Most of the data for State-chartered
banks included in previous series had been
gathered from State banking authorities; other
sources also present such data for individual
States. Part II of this volume includes, for

The aggregate balance sheet for banks included in the revised series is a consolidation
of the assets and liabilities of commercial departments of banks and the assets and liabilities of all other departments except trust departments. The specific items included were
selected after careful scrutiny of data for the
period 1896-1955 contained in reports of condition submitted to the Comptroller of the
Currency, State banking authorities, the Federal Reserve Board beginning with 1917, and
the Federal Deposit Insurance Corporation
beginning with 1934.3 For the early years
special attention was given to balance-sheet
items included in national bank statistics because these banks were the largest group
reporting consistently before the Federal Reserve System was established.
The objective was to provide a list of
balance-sheet items that would be as consistent, detailed, and meaningful as possible.
Ideally this would be a seriesextending back
to 1896for each of the items now included in
the standard form of condition report. This
goal was achieved substantially except for the
breakdown of the loan portfolio, where the
lack of uniformity and consistency in the reporting of a number of items over the period
made it impossible.
"Total real estate loans" is the only loan
item that is consistent for the entire period
covered by the revised series. Loans on collateral include loans secured by all collateral
other than real estate for 1896-1928, but for
the period 1929-1938 they include only loans
with securities as collateral. The most important change in the breakdown of loans was

2
Data for these five groups of banks, respectively, are
shown in Tables A-l, A-la. A-2, A-3, and A-4 of Appendix A.

3
Before June 21, 1917, State member hanks reported to
the Comptroller of the Currency.

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BALANCE-SHEET ITEMS

United States Summary


TABLE 1
BALANCE-SHEET ITEMS IN THE REVISED ALL-BANK SERIES, 1896-1955
ASSETS
Loans:
1896-1938
Real estate
Collateral1
All other1
1939-194$
Commercial, industrial, and agricultural loans
(including open market paper)
Loans for purchasing or carrying securities:
To brokers and dealers
To others
Real estate loans:
On farm land
On residential property
Other
All other loans
1043-1955
Same as for 1939-1942, except that last
item was subdivided into:
Other loans to individuals
All other loans

ASSETSContinued
Casn assets:
Cash items in process of collection
Currency and coin
Bankers' balances (including reserves)
Other assets
Total assets

LIABILITIES
Deposits:
Interbank
U. S. Government
Other demand
Other time
Borrowings
National bank notes
Other liabilities

Investments:
U. S. Government obligations
Obligations of States and political subdivisions
Other securities

Capital
Surplus and other capital accounts

1
For the period 1929-1938, loans on collateral include only
those loans with securities as collateral. For 1896-1928, this
loan category was somewhat broader in coverage, including
loans secured by any type of collateral other than real estate.

For a description of the revised treatment of both loans on


collateral and all other loans after 1938, see Board of Governors of the Federal Reserve System, Banking and Monetary
Statistics (Washington, D. C., 1944), pp. 63 and 64.

made in December 1938, when the Federal


bank supervisory agencies adopted a loan
classification based more on purpose of loan
than on type of collateral. The last change
was the segregation, beginning with 1943, of
other loans to individuals.
The balance-sheet items in the revised
series, shown in Table 1, represent the most
detailed breakdown obtainable from information that could be gathered with reasonable
consistency over the period 1896-1955.4 More

detailed information for national banks, member banks, and insured commercial banks for
varying periods is available in reports of the
Federal bank supervisory agencies, and for
State banks in some States in the reports of
State banking authorities. Such information is
useful in studying some monetary and banking problems, even though it does not cover
the country's entire banking structure.

4
For the greater part of the period information was
available on some specific categories of "other" securities,
e.g., obligations of railroads, but it was so fragmentary and

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Total liabilities and capital accounts

the type of information changed so often for nonnational


banks up to 1928, and for banks not members of the Federal
Reserve System thereafter, that no attempt was made to
construct a breakdown of "other'* securities. Moreover, no
such specific breakdowns have been available for national
banks since 1942.

All-Bank Statistics
COMPARISONS WITH SERIES PREVIOUSLY AVAILABLE, 1896-1933
Data comparing the number and principal
balance-sheet items for broad categories of
banks in the revised series and corresponding
items in series previously published are shown
in Appendix B. In general, differences between
the revised series and the series previously
available are confined almost entirely to the
nonnational bank component. The exceptions
are the breakdowns of certain itemsloans
and time deposits for 1896-1908 and investments other than United States Government
securities for 1896-1907that had to be estimated for national banks.
For nonnational banks some changes occur
in both number of banks and balance-sheet
items in practically every year of the period
1896-1955. The largest revisions, however,
are in years before 1920. The additions to
the series beginning in 1934 represent largely
the inclusion of trust companies not engaged
in deposit banking and nonreporting private
banks; these changes were in accordance with
the 1947 arrangement among the three Federal
bank supervisory agencies with respect to
coverage of the all-bank series.
Because the changes for national banks
were so small and because there were so few
changes in the series for nonnational banks
after 1933, the following descriptions of major
revisions in data are confined primarily to
nonnational banks and to the period 18961933. The principal series used for comparison is that published by the Comptroller of
the Currency.
NUMBER OF BANKS

In the first 10 years of the period covered by the revised series, the number of
nonnational banks in that series exceeds by
about 2,400-2,800 the number in the Comptroller's series. In percentage terms, the revision raises the number of banks in that period
by 22 to 46 per cent. After 1906 the differences
decrease gradually, and in the late twenties
and early thirties they range between 200 and

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300, or only about 2 per cent. Chart 1 compares


the number of nonnational banks in the revised
series for the period 1896-1946 with the number in the series published by the Comptroller.
The greater number of banks is accounted
for in large part by improved coverage of unincorporated (private) banks, many of which
did not report to State banking authorities or
to the Comptroller of the Currency, and in
lesser degree by the addition in a few States
of sizable numbers of State commercial banks.
Addition of these banks was offset somewhat
by exclusion of branches reported to the
Comptroller as unit banks in some States and
by exclusion of banks in liquidation.
TOTAL ASSETSTOTAL LIABILITIES
AND CAPITAL ACCOUNTS

The addition of banks in the revised series


affects assets and liabilities much less than
the number of institutions because the institutions added are much smaller on the average
than those included in former series.
Chart 2 compares total assets of nonnational banks in the revised series with those
in the Comptroller of the Currency series for
1896-1946. As would be expected, in view of
the gradually improving coverage of banks by
supervisory agencies, the largest relative additions to total assets occur in the early
years of the period. The increases amount to
as much as 14 per cent in some of these years
and to as little as one per cent in some of the
later years. In 1929 and 1930, however, the
revised series is 2 to 3 per cent larger than the
Comptroller's series, principally because of
the addition of the assets of certain private
banks, particularly in New York State. As
was indicated earlier, these private banks
were not included in the Comptroller's series
through 1933. After that, as the chart shows,
the differences in the two series are negligible.
For this reason aggregates for the principal
asset and liability items compared in Tables 2
and 3 cover only the period through 1933.

United States Summary


LOANS AND INVESTMENTS

The more consistent classification of assets


in the revised series applies to the division of
bank credit into the broad categories of loans
and investments as well as to the subclassification of these two major items. Differences
between the nonnational bank totals in the revised series and in the Comptroller's series are
larger for loans than for investments. The
revised series shows larger totals for loans
in all years and for investments in most
years.

For most of the twenties, however, as


Table 2 shows, the investments of nonnational
banks in the revised series are considerably
smaller than those in the Comptroller's series.
These differences are explained largely by two
facts: First, for many years several State authorities classified real estate mortgage loans
as investments in their compilations and in the
data reported to the Comptroller. Secondly,
trust department investments were inadvertently included in the statistics reported to the
Comptroller by one State.

TABLE 2
LOANS AND INVESTMENTS OF NONNATIONAL BANKS IN THE UNITED STATES, 1896-1933
REVISED SERIES COMPARED WITH OLD SERIES
[Dollar amounts in millions]
Total loans

June 30

Revised
series

Old
series
(Comptroller
of the
Currency)

Total investments

Revised series compared


with old series
increase (+),
or decrease ( )
Amount

Revised
series

Per cent

Old
series
(Comptroller
of the
Currency)

Revised series compared


with old series
increase (+),
or decrease ( )
Amount

Per cent

1896
1897
1898
1899

$2,643
2,618
2,812
3,181

$2,280
2,238
2,489
2,670

$+363
+380
+323
+511

+15.9
+17.0
+13.0
+19.1

$1,225
1,318
1,415
1,602

$1,211
1,248
1,305
1,528

$+14
+70
+110
+74

+1.2
+6.6
+8.4
+4.8

1900
1901
1902
1903
1904

3,449
3,934
4,418
4,816
4,920

3,010
3,431
3,923
4,275
4,338

+439
+503
+495
+541
+582

+14.6
+14.7
+12.6
+12.7
+13.4

1,769
2,006
2,153
2,316
2,504

1,724
1,935
2,093
2,332
2,521

+46
+71
+60
-16
-17

+2.6
+3.7
+2.9
-0.7
-0.7

1905
1906
1907
1908
1909

5,612
6,206
6,657
6,124
6,562

5,078
5,639
6,079
5,777
6,361

+534
+567
+578
+347
+201

+10.6
+10.1
+9.5
+6.0
+3.2

2,770
2,840
2,923
2,938
3,152

2,745
2,787
2,929
2,871
3,004

+26
+53
-6
+67
+148

+0.9
+1.9
-0.2
+2.3
+4.9

1910
1911
1912
1913
1914

7,312
7,596
8,152
8,661
9,059

7,039
7,379
7,941
8,431
8,853

+273
+217
+211
+230
+206

+3.9
+2.9
+2.7
+2.7
+2.3

3,264
3,412
3,618
3,655
3,831

3,105
3,282
3,492
3,514
3,664

+159
+130
+126
+141
+167

+5.1
+4.0
+3.6
+4.0
+4.6

1915
1916
1917
1918
1919

9,313
10,496
11,966
12,786
14,229

9,049
10,114
11,610
12,332
13,908

+264
+382
+356
+454
+321

+2.9
+3.8
+3.1
+3.7
+2.3

3,957
4,514
4,964
6,773
7,216

3,807
4,436
4,981
5,770
7,162

+150
+78
-17
+3
+53

+3.9
+1.8
-0.3
+0.1
+0.7

1920
1921
1922
1923
1924

17,690
17,260
16,809
18,956
20,075

16,956
16,524
16,259
18,208
19,150

+734
+736
+550
+748
+925

+4.3
+4.5
+3.4
+4.1
+4.8

6,995
7', 250
7,814
8,447
8,740

7,183
7,338
7,965
8,579
9,060

-188
-88
-151
-132
-320

-2.6
-1.2
-1.9
-1.5
-3.5

1926
1926
1927
1928
1929

21,786
23,336
24,100
25,025
27,139

20,848
22,353
23,096
24,054
26,422

+938
+983
+1,004
+971
+717

+4.6
+4.4
+4.3
+4.0
+2.7

9,355
9,725
10,261
11,005
10,654

9,643
9,944
10,829
11,589
10,655

-288
-219
-568
-684
-1

-3.0
-2.2
-5.2
-6.0

1930
1931
1932
1933

26,116
22,254
17,806
14,236

25,442
21 ,-844
17,640
14,118

+674
+410
+166
+117

+2.6
+1.9
+0.9
+0.8

11,215
12,311
11,223
10,767

11,028
12,344
10,987
10,517

+187
-33
+236
+250

+1.7
-0.3
+2-1
+2.4

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Chart 1

NUMBER OF NONNATIONAL

BANKS

IN THE UNITED

STATES

Thousands

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Federal Reserve Bank of St. Louis

30

REVISED

SERIES

20

OLD SERIES

10

I
1900

1
1905

1910

1915

1920

1925

1930

1935

1940

1945

Chart 2

TOTAL ASSETS OF NONNATIONAL BANKS IN THE UNITED STATES


Billions

of

dollars
100

80

60

40

-X-

REVISED SERIES

II

20

OLD SERIES

mil
1900

Illlllll
1905

1910

1915

1920

1925

1930

* For these three years top of bar indicates level of old series; top of black portion, level of revised series.

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1935

1940

1945

12

All-Bank Statistics

Another important improvement in the


revised series is the consistent breakdown for
all banks of loans for the period 1896-1938
and of investments for the entire period,
1896-1955. Most of the inadequacies of breakdowns in the series previously used are in data
for the nonnational bank sector, but there are
some for national banks, especially in the
period before 1909. For years in which the
subitems of loans and investments were not
reported in series previously available, improvements in the revised series are repre-

sented by the availability of these subitems


rather than by the amounts added. This is
especially true of the period before 1909.
Breakdowns of both loans and investments at nonnational banks, for example, were
not reported regularly or uniformly to the
Comptroller by some State banking departments over the entire period 1896-1933; presumably the State authorities did not request
such information from the banks. For national banks, the breakdown for loans in the
Comptroller's reports was not complete before

TABLE 3
DEPOSITS AND CAPITAL ACCOUNTS OF NONNATIONAL BANKS IN THE UNITED STATES, 1896-1933
REVISED SERIES COMPARED WITH OLD SERIES
[Dollar amounts in millions}
Total capital accounts

Total deposits

June 30

Revised
series

Old
series
(Comptroller
of the
Currency)

Revised series compared


with old series
increase (+),
or decrease ( )
Amount

Revised
series

Per cent

Old
series
(Comptroller
of the
Currency)

Revised series compared


with old seriesincrease (+),
or decrease ( )
Amount

Per cent

$909
916
923
960

$763
763
770
788

$+146
+153
+153
+172

+19.1
+20.1
+19.9
+21.8

+8.4
+9.0
+8.3
+7.1
+7.3

1,062
1,137
1,289
1,475
1,587

893
964
1,107
1,304
1,397

+169
+173
+182
+171
+190

+18.9
+17.9
+16.4
+13.1
+13.6

+467
+521
+431
+356
+331

+5.9
+6.1
+4.7
+4.1
+3.4

1,660
1,796
1,889
1,961
2,022

1,488
1,625
1,724
1,840
1,897

+172
+171
+166
+121
+126

+11.6
+10.6
+9.6
+6.6
+6.6

10,285
10,857
11,603
11,947
12,743

+411
+329
+349
+436
+362

+4.0
+3.0
+3.0
+3.6
+2.8

2,134
2,203
2,288
2,398
2,454

1,977
2,074
2,181
2,292
2,347

+157
+129
+107
+106
+107

+7.9
+6.2
+4.9
+4.6
+4.6

13,687
15,865
18,088
19,045
22,047

12,245
15,412
17,563
18,413
21,620

+1,442
+453
+525
+632
+427

+11.8
+2.9
+3.0
+3.4
+2.0

2,638
2,616
2,791
2,865
3,046

2,418
2,492
2,660
2,740
2,944

+120
+124
+131
+125
+102

+6.0
+5.0
+4.9
+4.6
+3.6

1920
1921
1922
1923
1924

24,680
23,793
24,904
27,478
29,612

24,297
23,316
24,630
27,163
29,159

+383
+477
+274
+315
+453

+1.6
+2.0
+1.1
+1.2
+1.6

3,398
3,690
3,752
3,943
4,158

3,300
3,613
3,679
3,895
4,098

+98
+77
+73
+48
+60

+3.0
+2.2
+2.0
+1.2
+1.6

1925
1926
1927
1928
1929

32,389
33,773
34,922
35,492
36,683

31,886
33,213
34,760
35,537
36,081

+503
+560
+162
- 45
+602

+1.6
+1.7
+0.5
-0.1
+1-7

4,416
4,753
5,064
5,385
6,077

4,338
4,672
4,987
5,276
5,940

+78
+81
+77
+110
+137

+1.8
+1.7
+1.5
+2.1
+2.3

37,130
35,024
28,140
24,943

36,396
34,445
27,733
24,571

+734
+579
+407
+372

+2.0
+1-7
+1.5
+1.5

6,402
6,122
5,252
4,537

6,257
6,026
5,211
4,482

+145
+96
+41
+55

+2.3
+1.6
+0.8
+1.2

1896
1897
1898
1899

$3,718
3,885
4,246
4,934

$3,345
3,402
3,755
4,362

$+373
+483
+491
+572

+11.2
+14.2
+13.1
+13.1

1900
1901
1902
1903
1904

5,299
6,125
6,636
7,051
7,507

4,888
5,621
6,125
6,583
6,996

+411
+504
+511
+468
+511

1905
1906
1907
1908
1909

8,365
9,012
9,571
9,112
9.951

7,898
8,491
9,140
8,756
9,620

10,696
11,186
11,952
12,383
13,105

1915
1916
1917
1918
1919

1910
1911
1912
1913
1914

1930
1931
1932
1933

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....

United States Summary


1909. Throughout the period 1896-1908, the
Comptroller did not require national banks to
classify loans on real estate separately from
other loans on collateral. These items were
estimated for 'the revised series.
Differences in United States Government
security holdings as shown in the revised series
and in the two series previously available are
relatively small. They reflect variations in
estimating techniques and in coverage.
DEPOSITS

A comparison of total deposits of nonnational banks in the revised series with those
for this group published in the Comptroller
of the Currency's annual reports appears in
Table 3. Additions to total deposits in the
revised series, as for all items on the balance
sheet, are considerably larger in percentage
terms before 1920 than in later years. The
additions to total deposits range from 14 per
cent of the Comptroller's figures for 1897 to
less than one per cent in 1927.
The revised series provides a more consistent breakdown of deposits by type (inter-

13

bank, United States Government, other demand, and other time) than was available in
the earlier series. In most States before 1909
and in some States for several years after
1909, there was no clear distinction between
demand and time (or savings) deposits. Since
no special recognition or treatment was given
to time deposits in nonmutual savings banks,
with some exceptions, it was necessary to estimate figures for such deposits in many States.
For the period 1896-1908 the revised series
provides for the first time an estimate of time
deposits on a State-by-State basis and also
provides a better estimate for the country as
a whole than was available heretofore.
CAPITAL ACCOUNTS

Table 3 also compares total capital accounts of all nonnational banks in the revised
series with the corresponding item in the
Comptroller of the Currency's annual reports.
Amounts shown in the revised series are about
20 per cent larger than the Comptroller's
figures before 1900, but after 1905 the percentage declines fairly steadily to about one
per cent in the early thirties.

SOURCES OF DATA
Compilation of the revised all-bank figments were made in some balance-sheet items
ures was based primarily on the sources of
for some years in order to make classifications
data described in the following paragraphs.
of the items consistent with current practices,
The balance sheet for each State was derived
and the breakdowns of some items were estiby selecting, year by year and item by item,
mated for part of the earlier period.
the best data from these sources.
The annual reports of the Comptroller
were also the primary source of the figures for
COMPTROLLER OF THE CURRENCY
nonnational banks in the revised series for
years before 1934. From 1873 to 1947 the
Data collected by the Comptroller of the
Currency from national banks, from State
Comptroller was authorized to request State
banking authorities to furnish summary balbanking authorities, and in some instances
from individual banks are the backbone of the
ance-sheet statements annually for the banks
under their supervision. The collection of this
revised series, as they were of the old series.
information depended largely on reports made
All figures for national banks in the revised series were obtained from the annual
by the banks to the State legislatures or to
reports and abstracts of bank condition reofficers of the different States and territories.
Gaps in the Comptroller's reports on individports published by the Comptroller, with the
following exceptions: Relatively minor adjustual balance-sheet items are accounted for

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14

All-Bank Statistics

mainly by differences between the reports


required by many State banking authorities
and the information requested by the Comptroller.
The data published by the Comptroller
could not adequately cover unincorporated
(private) banks. These banks in many instances were not subject to State banking
authorities, and the majority of them did not
comply with the Comptroller's request that
they report to him directly. The search for
additional data relating to these banks is described in the section "Unincorporated Banks,
1896-1933."
STATE BANKING DEPARTMENTS

The annual reports of the State banking


departments or authorities, which generally
include condensed balance sheets for the individual reporting banks, were a major source
of supplementary information for nonnational
banks, particularly for the period up to 1934.
In some instances where these reports did not
contain the information needed, the State
banking departments were asked to provide
any available pertinent information that had
not been published.
By studying the reports of these State
banking authorities it was frequently possible
not only to reconcile inconsistencies iri the
classification of balance-sheet items from year
to year, but alsoand this was even more
importantto supplement the data for individual items sent to the Comptroller by the
State banking authority. In Pennsylvania and
several other States, for example, it was possible for several years to derive figures for holdings of United States Government, State and
political subdivision, and other securities. at~all
banks in the State on a call date other than
June 30 by aggregating amounts for these
items shown in the balance sheets of individual
banks. Figures for June 30 were estimated
from these data. The descriptions for individual States indicate instances where figures
were obtained in this manner.

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The sources of balance-sheet information


varied from State to State, and the forms in
which such data were published often changed
over the period covered by the revision. To
simplify identification, the sources of data are
usually indicated as "State banking department" or "State banking authorities" in this
Summary and in the State descriptions; these
terms should be understood to include the
following types of material: (1) annual or
other regular reports published by State authorities; (2) abstracts or summaries of condition issued or published by State authorities,
or prepared by them for their own use; (3)
summaries prepared by State authorities at the
request of the Comptroller of the Currency,
the Federal Reserve Banks, or the Federal
Deposit Insurance Corporation; and (4) summaries prepared by the Reserve Banks from
reports made available by State authorities.
Appendix C lists by States the titles and
dates of the most recent reports of State banking departments or other State banking authorities that were used in compiling data for
the revised series.
FEDERAL DEPOSIT INSURANCE
CORPORATION

Summaries of condition reports of insured


banks published by the Federal Deposit Insurance Corporation were the major source
of data beginning in 1934. The insured bank
group includes national banks and State
banks that are members of the Federal Reserve System, and nonmember banks that
carry Federal deposit insurance. Figures for
national banks are supplied to the Federal
Deposit Insurance Corporation by the Comptroller and for State member banks by the
Federal Reserve System. Figures for insured
nonmember banks are collected by the Federal Deposit Insurance Corporation; these
figures were often used as a basis for estimating breakdowns of balance-sheet items for
noninsured banks in the 1934-1946 period.
Beginning with 1947, data for all classes of

United States Summary


banks were taken from publications of the
Federal Deposit Insurance Corporation.
Research by the staff of the Federal
Deposit Insurance Corporation in connection
with matters relating to the licensing of banks
and the insuring of bank deposits yielded
information that proved very useful in developing the revised series for the period
immediately after 1932. This information was
particularly valuable in ascertaining which
banks were not licensed to operate in the
period immediately after the bank holiday of
March 1933. Similar data collected by the
Federal Reserve Board provided a further
check on licensing operations. Besides assuring accurate data for banks in active operation, these data made it possible to construct
a separate series for nonlicensed banks in 1933
and 1934. This series, which is given in Appendix D, shows the number of nonlicensed
banks and available balance-sheet data. Because such data could not be obtained for the
nonlicensed banks in some States, the balance
sheet is not complete.
FEDERAL RESERVE SYSTEM

Sumjnaries of condition reports of State


member banks published by the Federal Reserve System beginning with 1917 provided a
basis from which to estimate totals for all
State commercial banks in some States for
which the Comptroller did not have adequate
information on individual balance-sheet items.
The summaries and descriptions of all-bank
figures published by the Board of Governors,
and the supporting records by States and by
years, were also of substantial assistance in
preparing and testing the revised series beginning with 1914.5
NATIONAL MONETARY COMMISSION

The publications of the National Monetary Commission are a benchmark in the


statistical record of bank assets and liabilities.
fi
Board of Governors of the Federal Reserve System,
Banking and Monetary Statistics (Washington, D. C., 1943),
pp. 5-33.

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15

Statements of condition, submitted in response


to the Commission's call of April 28, 1909,
constitute the first complete reporting by all
national banks, as well as by State commercial
banks in many States, of assets and liabilities
in a manner consistent with the balance-sheet
items in the revised all-bank series. Although
not all State commercial banks submitted
reports of condition to the Commission, the
coverage for the country as a whole was more
nearly complete for that date than in any
other source. Except in isolated instances all
of the data for 1909 in the revised series
are those for the April call date of that year
published by the Commission.
BANKERS9 DIRECTORIES

The several bankers' directories were a


valuable source of information on banks
(mainly unincorporated or private banks)
that did not report to a public authority. In
most States the coverage of private banks in
directories appears to be comprehensive and
reasonably .accurate, but in a few States,
mainly those with large cities, it was difficult
to distinguish "brokers and dealers" from private banks. This problem is discussed in the
section on unincorporated banks and also in
the descriptions of the individual State series.
The directories not only list individual
banks, thus making it possible to derive their
number, but they also provide a considerable
amount of balance-sheet data. For some
States, figures for most of the principal balance-sheet items of banks are available for
long periods of time. For other States, however, only the data for capital accounts are
published, and these sometimes intermittently;
and in a few States no data are reported.
Because listing in directories was voluntary and the information reported did not
always meet the requirements for the revised
series, it was necessary to select information
from these sources carefully, particularly for
early years. Sometimes the directories included banks in liquidation and banks no

16

All-Bank Statistics

longer in existence; sometimes they listed


branches as separate banks; or they misclassified national banks as State banks, and vice
versa. In addition, when banks did not submit current statements, the directories often
merely repeated the balance-sheet information
that had been reported for a prior year. Despite these shortcomings, the directories were
useful. Where apparent errors were limited
to one or two years, it was often possible to
correct them by comparing data for a longer
period.
OTHER SOURCES

Other sources provided data for banks


that did not report regularly to a public authority, but these data were often for limited
periods. Foremost among these sources were
the records of the Bureau of Internal Revenue
for the period 1900-1902, when taxes were
levied on capital accounts of banks under
authority of the War Revenue Act of June 13,
1898,6 The Bureau's classification of banks
into such categories as private, State, and
national did not always agree with that of
the bank supervisory authorities, but its data
on the number and capital of banks appear to
be the most accurate available by States and
for the nation as a whole before 1909.

An annual publication entitled Trust


Companies of the United States, the first
issue of which appeared in 1903, was used in
deriving information on trust companies for
the early years of the century.7 Some State
banking authorities did not regard these institutions as banks even though they accepted
deposits and, accordingly, did not include
them in banking statistics transmitted to the
Comptroller.
Early in the work of revising the series, a comprehensive search was made in
the Library of Congress for publications in
which information on banks might be found;
these included publications of State finance or
tax departments and those of individual students of banking. Examples of information located in this way included Mr. William
H. Dillistin's list of all banks in New York
for 150 years or more, which was extremely
helpful with respect to private banks in that
State, and Mr. Harwood B. Dolbeare's study
of Florida banking, which contained data not
elsewhere published that were an aid in preparing the aggregate balance sheet for that
State.8
Finally, as indicated earlier, several of
the largest private banks, which had not reported to public authorities before 1934, submitted balance sheets back through 1896.

NATIONAL BANKS, 1896-1955


The problems of compiling a revised balance sheet were considerably less numerous
and less difficult for national banks than for
State banks because the national banks reported on identical forms in response to calls
for reports of condition from a single supervisory authority, the Comptroller of the
Currency.
The main problems in revising the national bank series related to the period 18961908. In those years loans were not classified
e
Records were available for 1899 too, but they did not
irovide sufficient detail to be useful in revising the all-bank
?ries.

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by type for the June 30 call date used in the


revised series; obligations of States and political subdivisions were included with "other"
investments; and time deposits were available
separately only for 1896, 1899, and 1906, and
then only as countrywide totals. For 1909, as
indicated earlier, data frorn publications of the
National Monetary Commission were used.
After 1909, the classification of loans by type
7
United States Mortgage and Trust Company < New
York).
8
Historical Directory of the Banks in the State of New
York (New York State Bankers Association, New York,
1946). A Record of Fifty Years of State Banking in Florida,
1890-1939 (reprinted from Annual Report of the State Comptroller, Banking Department, n. d.).

United States Summary


was available for all years except 1910, 1913,
and 1914, and time deposits were available for
all years except 1914.
LOANS

The annual reports of the Comptroller of


the Currency before 1909 classify loans for
the fall call date in two categories: (1) collateral loans, including real estate loans, and
(2) all other loans. These classifications were
used in estimating the breakdown of total
loans for June 30 call dates into the three
categories required for the revised series for
1896-1908. The following method was used
to derive estimates for each State.
(1) The ratio of collateral loans, including real
estate loans, to total loans was computed for the fall
call date. This ratio was then applied to total loans
as reported by the Comptroller for the June call date,
thus breaking the total into two categoriescollateral
and all other.
(2) The ratio of real estate loans to total collateral loans was computed from data in the call
report for April 28, 1909, the earliest date for which
this breakdown is available. This ratio was then
applied to the estimated total of collateral loans on
all previous June 30 call dates to derive separate
estimates for real estate loans and for other collateral
loans.

The assumption that there was a constant


relationship between real estate loans and collateral loans in the period 1896-1908 appears
reasonable in light of relationships between the
two in the years closely fQllowing 1909. Real
estate loans constituted a very small part (little more than one per cent) of total loans at
national banks when first reported in 1909 and
for many years thereafter. One reason why
national banks held such small amounts of real
estate loans in early years of the period was
that prior to 1913 they were not permitted to
make loans on real estate except for the purpose of consolidating and protecting other
loans. Since State banks accounted for the
bulk of outstanding real estate loans of banks
in this period, even a relatively large error in
the estimates for national banks could have
very little effect on the movements or the level
of total real estate loans at all banks.

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For 1913 the necessary breakdown of


loans was available for the United States but
not for each State. The distribution of each
type of loan was made by assuming that each
State accounted for the same proportion of the
United States total as was computed from
reported data for 1912.
For 1910 and 1914, there were no breakdowns of loans for the United States or for individual States. The figures for 1910 were estimated as follows: ratios of each subitem (for
example, real estate loans) to total loans for
each State, computed from reported figures for
April 1909 and for June 1911, were averaged,
and then these average ratios were applied to
total loans in 1910 to get the breakdown. For
1914 the loan breakdown for each State was estimated by applying to total loans a weighted
average of the ratios of each subitem to total
loans computed from data for 1912 and 1915.
For each subitem the ratio for 1914 was
weighted toward the 1915 ratio, that is, twice
as much weight was given to the ratio for
1915 as to that for 1912, because data for the
other intervening year, 1913, had been estimated.
OBLIGATIONS OF STATES AND
POLITICAL SUBDIVISIONS

Data on national bank holdings of obligations of States and political subdivisions were
not published by the Comptroller of the Currency until the midyear call report of 1908.
In previous years these securities were included with investments other than United
States Government securities. The ratio of
State and political subdivision obligations to
total investments other than United States
Government securities was computed for 1908
for each State. The ratio for each State was
then applied to its total investments other
than United States Government securities in
each year of the period 1896-1907 as shown
in the midyear call report.
The assumption that there was a constant
relationship between holdings of State and
political subdivision obligations and other non-

18

All-Bank Statistics

United States Government securities at national banks over the period 1896-1907 appears
reasonable on the basis of the reported data on
the two types of bank investments after 1907.
National banks, in fact, held relatively small
amounts of State and political subdivision securities for some years after 1909. In 1908
they accounted for only about 10 per cent of
the total held by all banks. Therefore, even
a relatively large error in estimates for national banks could have little effect on the
movements or the levels of these holdings at
all banks.
TIME DEPOSITS

Before 1909 figures for time deposits,


which include savings deposits and time certificates of deposit, were reported separately
from demand deposits of national banks only
for the years 1896, 1899, and 1906. Furthermore, in these years only United States totals
were published.9 For other years prior to 1909,
United States totals of time deposits were estimated by applying to the total of demand and
time deposits the ratio of time deposits to this
total as follows:
For 1897 and 1898, the ratio for 1896 was
used. The change in this ratio between 1896
and 1899 was so small that data were not interpolated. For 1900-1905, ratios that were interpolated between similar ratios computed from

data for 1899 and 1906 were used. In 1899 the


reported ratio was 3.4 per cent, and in 1909
it was 15.4 per cent; the reported ratio for
1906, at 7.1 per cent, is somewhat less than
halfway between the two. For 1907 and 1908,
ratios that were interpolated between ratios
for 1906 and 1909 were used.
Total time deposits, as published or as thus
estimated, were then apportioned among the
States for the years 1896-1908 on the basis of
the percentage distribution of total time deposits as reported for national banks in 1909.
For 1910-1913 the figures for time deposits
represent the total of time certificates of deposit and savings deposits shown in the Comptroller's annual reports for these years.
For June 1914 the figures for time deposits
of national banks were estimated by applying
to total deposits for each State the ratio of
time deposits to total deposits computed from
data in the December 1914 national bank abstract. This is the first report of time deposits
on the basis of the Federal Reserve Act, which
defines time deposits as those payable after 30
days, and demand deposits as those payable
within 30 days. Probably because of the resulting changes in classification, there is a
drop of 12 per cent from 1913 to 1914 in the
volume of time deposits reported in the revised series.

INCORPORATED STATE COMMERCIAL BANKS, 1896-1933


Compilations of the revised aggregate balance sheet for incorporated State commercial
banks in the period 1896-1933 presented major
problems and considerations not encountered
in connection with national banks. Some of
these banks did not report to any official
agency, and those that reported regularly to
their* respective State authorities furnished in0
Data on time deposits at national banks for these years
were taken from Statistics for United States, Great Britain,
Germany, and France, XXI (National Monetary Commission,
Washington, D. C., 1911), p. 161. A note to the table on
that page indicates that these figures were compiled from
reports submitted to the Comptroller of the Currency.

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formation that in general was neither uniform


nor consistent from State to State.
In order to prepare the revised series for
these banks, it was necessary to gather data
from State banking departments and other
sources, to compare the data obtained with
balance-sheet data for State banks published
in the Comptroller's annual reports, and to
make extensive adjustments and estimates in
the light of these comparisons. The lack of
uniformity in material, particularly in the
years 1896-1908, made it necessary to make

United States Summary


more extensive estimates for State commercial
banks than for national banks.
For the period beginning with 1934, when
substantially uniform data became available
for all insured commercial banks, simpler
methods of compilation were followed, as described in the section "All State Commercial
Banks, 1934-1955," beginning on page 26.
MAJOR ESTIMATING PROBLEMS

The major problems in preparing estimates for the period 1896-1933, and the methods adopted for resolving them, are discussed
in the following paragraphs. The individual
State summaries include more detailed descriptions of procedures and techniques used.
(1> The call report forms used by State commercial banks were not uniform from State to State,
and in many cases they differed considerably from
the form used by the Comptroller in collecting statistics for State banks from State banking departments. Moreover, both the Comptroller and the State
bank supervisory authorities made various and nonuniform changes over the period in their respective
call report forms in order to improve bank reports or
to provide more timely information. As a result, it
was necessary to compare the detailed data published
by the Comptroller with the detailed data in State
banking department reports and to make extensive
adjustments to achieve comparability. Appendix E
lists representative items included in the major asset
and liability categories of the revised series. A comprehensive list of all the items included by all States
and in all years would be much longer.
(2) For some States the data reported to and
published by the Comptroller on specific items were
not consistent from year to year, and amounts showed
extreme movements over short periods. In such
instances, data published by the Comptroller were
revised on the basis of information in State bank
reports and other supplementary sources. In one
State, for example, the balance sheet had to be revised for 1916-1920 and for several years in the
twenties because total assets of the savings departments of loan and trust companies were included in
"all other loans," in "other securities," or in "other
(3) In the early part of the period, banks in
some States were not required to report as of a June
call date. In these instances, data for the call date

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19

nearest to June were used, or figures for a June call


date were estimated by averaging the figures for the
preceding and subsequent call dates nearest to June
30. In some cases, however, a given item was estimated from data for a single call date, the one
nearest to June 30.
(4) In some years and for some States a considerable number of banks, mainly loan and trust
companies accepting deposits, were not included in
the statistics furnished to and published by the
Comptroller. Some revisions, as to both number of
State banks and their assets and liabilities, were required on this account in the majority of the States.
(5) In many instances branches of banks and
banks in liquidation had to be eliminated from the
Comptroller's data. The former change, of course,
affected only the number of banks.
PROCEDURES AND TECHNIQUES
OF ESTIMATING

In some instances where balance-sheet


data were not available in the Comptroller's
reports, they could be found in reports of the
State banking departments. Despite the wealth
of data in the latter reports, a substantial
amount of estimating was necessary in order
to derive the revised series for all years and
all States. The estimating techniques varied
with the particular problem. The following
paragraphs describe in general terms the six
major procedures and techniques used.
(1) Interpolating technique No. 1 was used
extensively in deriving estimates for missing years
from reported data for nearby years. If figures for
a balance-sheet item were lacking for a relatively
short period, estimates for the missing years were
usually made in two steps: (a) deriving the percentage relationship of the item to its related totale.g.,
real estate loans to total loansin the year before
and the year after the period to be covered, and then
obtaining ratios for the missing years by straight-line
interpolation, and (b) applying the interpolated ratios
to the related total for years in which the item was
missing.
This type of interpolation was used when
changes in an item were believed to be related to
and roughly proportionate with changes in the total
of which it is a part. In a few cases straight-line
interpolation was based on dollar amounts of the
item, on the assumption that there had been a gradual change between two points in time, irrespective
of movements in the total.

20

All-Bank Statistics

(2) Interpolating (or extrapolating) technique


No. 2 was often used in estimating data for several
consecutive years when changes in an item were
not believed to be related to or roughly proportionate
with changes in the principal item of which it
is a part. It applied, to a specific balancesheet item, the relative yearly changes for the same
item at another group of banks in the same or a
nearby State for which changes could be assumed to
be most nearly similar to those for the banking group
with incomplete data.10 This technique, which is described in detail in Appendix F, involved the derivation of statistical measures of relationship between
reported data for the two groups in another period.
Insofar as possible, statistics used in this estimating
process were derived from reported figures for the
two groups of banks in a period close to that for
which the estimates were to be made. This is the
only technique referred to by number in the individual State descriptions.
Statistics for national banks were often used as
a basis for estimating individual balance-sheet items
at State commercial banks. Correlation after 1909
of national bank and State commercial bank data
on all types of loans, on the breakdown of securities,
and on the distribution of deposits between demand
and time usually yielded coefficients satisfactory for
estimating these items at State banks on the basis
of reported figures for national banks.
On the other hand, certain balance-sheet items
for State commercial banks could seldom be estimated from national bank data because of differences
in the types of business at the two classes of banks.
This was particularly true of the period before 1920.
National bank loans outstanding on real estate,
restricted by statute until 1913, were still only 2
per cent of all loans at these banks in 1920, for example, whereas in the same year real estate loans
accounted for about 20 per cent of all loans at State
commercial banks.
Although in some States, particularly after 1920,
the relative importance of real estate loans appeared to
be fairly comparable at the two classes of banks, estimates for real estate loans at State commercial banks
were based on national bank figures only infrequently.
Data for national bank holdings of United States
Government securities also were used * infrequently
before 1916 as a basis for estimating State commercial
bank holdings. These securities constituted an insignificant proportion of the investment portfolios at
State commercial banks, whereas at national banks
(which used them largely as collateral for national
10
This technique was suggested by work done by Professor Milton Friedman of the University of Chicago.

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bank notes) they accounted for 30-60 per cent of the


investment portfolio. With the sharp increase in
Government financing during World War I, the ratios
of United States Government securities to total investments at the different classes of banks became
reasonably comparable, and national bank data were
used frequently thereafter as a basis for estimating
these holdings at State commercial banks.
(3) For State commercial banks that did not
report their holdings of United States , Government
securities separately for 1916-1920, estimates were
generally made by assuming that changes in holdings
of these securities accounted for the same proportion
of the annual change in total investments as was
computed for national banks in the State.
(4) Data for State member banks, available
after the Federal Reserve System was established,
were sometimes used as representative of all State
commercial banks (member and nonmember) in a
particular State, or in other instances as a basis for
estimating data for this group. During World War I
and for a number of years thereafter, for example,
State member bank figures for United States Government deposits were used in most States to represent
such deposits at all State commercial banks in the
respective States. United States Government deposits were always deducted from reported or estimated
figures for demand deposits.
A drawback in basing estimates for State commercial banks on State member bank data was that
such data sometimes reflected primarily the large
banks in the group. The character of the business
done by these large banks and, consequently, the relative importance of their various balance-sheet items
were often considerably different from those of nonmember State banks. An estimate for all State commercial banks in a given State derived from reported
figures for a balance-sheet item for its State member
banks would sometimes be less reliable than an estimate based on the particular item for national banks
in the State.
(5) Borrowings of State commercial banks were
not segregated from other liabilities in several States
in the period 1896-1908 and had to be estimated. If
the level of reported "other liabilities" in 1896-1908
seemed to be roughly comparable with the aggregate
of borrowings and all other liabilities (except deposits) in 1909 and .later years when figures for these
two items were reported separately, it was assumed
that borrowings were included in reported "other
liabilities" prior to 1909.
If separate figures for borrowings could not be
obtained from other sources, and if there was clear
evidence that other liabilities (total liabilities other
than deposits) contained relatively substantial

United States Summary


amounts of borrowings, the amounts were estimated
by one of two methods. The method selected depended on (1) the trend in borrowings in the period
when this item was reported separately for this class
of bank (State commercial) in the State in question,
(2) the trend in borrowings at national banks in the
same State, and (3) the general banking situation in
that State during the period for which estimates were
needed. The two methods used were:
(a) In some States the relatively stable item
"all other liabilities" (total liabilities other than borrowings and deposits) was estimated firstby applying to total liabilities in each $ear the ratio of this
item to total liabilities in 1909, the first year when
separate figures were available. Borrowings were derived by subtracting these estimates from reported
figures for "other liabilities/' which were assumed to
include borrowings.
(b) In other instances borrowings at State commercial banks were estimated from the trend in this
item at national banks in the same State. Generally
the figures were extrapolated from reported figures
for borrowings in 1909 on the basis of annual percentage changes in borrowings at national banks from
1909 back to 1896.
(6) Compilation of data for 1910 for each class
of bank other than national banks presented a special
problem because the annual report of the Comptroller
of the Currency for that year did not include balancesheet data for all principal items and subitems for
each class of State bank. Figures for total loans, total

21

investments, and total deposits were published by


class of bank and by States, but the breakdown of
each of these items by Statestogether with varying
amounts of unclassified loans and deposits was
shown only for all nonnational banks combined. For
mutual savings banks the Comptroller published the
loan, investment, and deposit breakdowns for the
United States, but not by States.11
Distribution of the major balance-sheet items
for State commercial banks, separate from those for
mutual savings banks, had to be estimated unless the
figures for either class could be obtained from State
banking department reports or some other source.
Generally speaking, the distributions for mutual savings banks were estimated first, because there were
fewer of these banks and they did not operate in all
States. In most instances the figures for mutual savings banks were interpolated from data for 1909 and
1911.
After estimates were prepared for mutual savings banks in States where they operated, these estimates were subtracted from the corresponding figures
for all nonnational banks in those States to obtain
figures for State commercial banks. The resulting
figures for State commercial banks had to be adjusted
to bring them in line with figures for other years,
which had been adjusted to reflect (1) additions of
banks to the Comptroller's data, (2) correction of
miselassification of banks by type, and (3) distribution of unclassified amounts of loans and investments
shown in the Comptroller's report.

UNINCORPORATED BANKS, 1896-1933


One of the major deficiencies for the
period before 1934 in each of the series previously available for all banks in the United
States was the lack of data for a large number
of unincorporated (private) banks. This is not
to say that nonreporting private banks were an
important part of the banking business in all or
even in most States, but rather that statistics
available did not disclose their relative importance. Because the coverage of private banks
in official sources was incomplete in this period,
there were special problems in estimating the
revised series. For this reason the data for
private banks are described separately from
those for incorporated State commercial banks.
The nature of, and the information about,
private banking is such that no series relating

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to private banks can claim to be all-inclusive.


In the first place, many institutions that were
well recognized over the years as private banks
did not make their statements of financial
condition available in early years. Before
1934 many private banks were not required to
report to any public authority, and there is
evidence that in some parts of the country a
substantial number were not included in the
bankers' directories.
Secondly, many businesses that were not
primarily banks did perform some banking
functions. For example, many small businesses
such as merchandising concerns, as well as
some larger businesses such as brokers and in11
Although this problem affects each class of State bank,
it is discussed here because State commercial banks account
for the largest proportion of the total.

22

All-Bank Statistics

vestment houses, accepted deposits until such


operations were prohibited by the Banking
Act of 1933. In compiling the revised series,
it was necessary (1) to determine whether
such businesses provided any banking services
and to include only those that did and (2) to
include only the balance-sheet items representing their banking business.
Thirdly, in many communities individuals
accepted money for safekeeping and loaned it
out on an informal basis. These in a sense
were "private bankers/' but no information
is available on their number or financial
status.
Even though there was no possibility of
deriving a series covering every individual or
organization that on occasion had accepted
deposits or made loans, every effort was made
to obtain as complete and accurate a coverage
as possible. All sources of information were
surveyed for names of private banks. Decisions as to whether a particular individual or
institution met the requirements for a "private bank" as defined for purposes of the revised series were made in the light of the best
available information, even though the decisions were sometimes arbitrary. Also, arbitrary decisions were sometimes necessary in
estimating their assets and liabilities.
The major problems in the private bank
area related to the period before World War I.
After that the number and relative importance
of these banks declined sharply, and the proportion reporting to public authorities increased. Even for these earlier years, shortcomings in the revised data are relatively unimportant in relation to total commercial bank
assets in those States for which private bank
data had to be estimated.
The revised series for private banks, which
is believed to include most of these banks and
the greater part of their assets and liabilities,
is substantially larger than the Comptroller's
series, as to both number of institutions and
their assets and liabilities. While the data for
private banks are the least accurate compo-

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nent of the revised all-bank seriesbecause


they were compiled largely from unofficial
sourcesthey are probably the most rewarding for they provide new insight into the history of the banking structure and, it is believed, satisfactorily resolve long-standing
questions as to the relative importance of private banks in the various States. Heretofore,
little study had been made on a State basis of
the number, the size, and the composition of
the assets and liabilities of these banks.
NUMBER OF BANKS

The first step in compiling data for private banks was a State-by-State comparison
of their numbers as reported by the Comptroller of the Currency, State banking departments, bankers' directories, the National Monetary Commission, and in a special study by
the Federal Reserve System.12 Since the estimates of the National Monetary Commission
and of the Federal Reserve were based
mainly on the bankers' directories, the figures
in these three sources were similar, and they
showed the largest numbers of private banks.
The Comptroller's reports included the next
largest number, while the State banking authorities reported the smallest number.
The bankers' directories, however, overstated the number of private banks for the
following reasons: (1) Some State banks and
some national banks were erroneously designated as private banks; (2) branches of private banks were frequently shown as separate
banks; (3) banks no longer in existence or in
the process of liquidation were often included;
and (4) investment houses, bond dealers, and
brokers that did not do a banking business
were often included.
The last factor accounted for the major
part of the differences between the numbers
reported by the Comptroller and by the directories. This part of the problem was confined
mostly to a few States with large citiessuch
12
Federal Reserve System Committee on Branch, Group,
and Chain Banking, Changes in the Number and Size of
Banks in the United States, 1834-19S1 (1938, unpublished).

United States Summary


as New York, Pennsylvania, Illinois, and
Ohiobut there were problems in other States
that had one or more large cities.
Investment houses, bond dealers, and
brokers were usually so designated in bankers' directories, and the directories also indicated that most of these institutions did not
do a banking business. For those that did have
a significant banking business, however, there
was usually no direct information as to this
activity. Advertisements in the directories
sometimes served as a guide in determining
whether to classify a given institution as a
private bank.
One basis for correcting overstatement of
the number of private banks in the directories
was found in Roman's Bankers Directory, the
1917 issue of which announced that bond dealers, investment houses, and brokers were no
longer tabulated with private banks as had
been done previously. As a result of this
change, the number of private banks listed in
this directory declined from 4,046 in 1916 to
1,652 in 1917.
Overstatement of the number of private
banks by bankers' directories before 1917 was
further substantiated by reports of the Bureau
of Internal Revenue for 1900-1902 in connection with tax collections under the War Revenue Act of 1898. These reports showed that
the numbers of such banks ranged from 2,000
to about 4,200 in these three years, about
1,000-3,000 fewer than the numbers in bankers' directories. Even these tax data had to be
used with some caution, however, because it
was evident that branches of banks had been
included and that there had been some misclassification of banks among the several classes. The number of private banks, according
to tax reports, was about 1,000 larger in 1901
and 1902 than the number included in the
revised series.
The number of banks for each State was
estimated on the basis of data from the sources
already mentioned. In most States the number
as reported to the Comptroller of the Currency

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was increased to take account of the additional


banks shown in bankers' directories, after adjusting the number in the latter source for
overstatement.
STATES SELECTED FOR SEPARATE
TABULATIONS OF BALANCE SHEETS

The State-by-State inspection of the data


published in various sources revealed that private banking was largely concentrated in 18
States and that most of the private banks
that did not report to public authorities were
located in these States.13 A separate balance
sheet for private banks was prepared for each
of these States for the period 1896-1933, using
the general procedure described in the following sections. In States where it was necessary
to deviate from these procedures, those used
are described in the respective State summary. The procedures used to obtain data for
private banks in these States in the 1934-1946
period were essentially the same as those for
incorporated State commercial banks as described in the section on "All State Commercial Banks, 1934-1955."14
Separate balance sheets were not constructed for private banks in other States in
the 1896-1933 period because private banking
in those States appeared to be relatively unimportant or the coverage of such banks, in the
data for all State commercial banks reporting
to the Comptroller, appeared to be adequate.
Data for private banks in these States in both
this period and the 1934-1955 period were estimated as part of the data for all State commercial banks.
MAJOR BALANCE-SHEET ITEMS

In most of the 18 States where private


banks were numerous, some reported to either
13
The 18 States are Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan,
Minnesota, Montana, New Jersey, New York, Ohio, Pennsylvania,
Texas, Virginia, and Washington.
14
Beginning with 1934, private banks are not segregated
from incorporated State commercial banks for discussion
purposes (see pp. 26-28) even though it was necessary in
1934-1946 to complete the coverage of private bank statistics
for Iowa, Georgia, Michigan, and Texas by tabulating data
for individual banks from bankers' directories. The procedures are described in the individual State summaries.

24

All-Bank Statistics

the Comptroller or the State banking authorities in most of the years 1896-1933. These
reports were invaluable bases for estimating
data for a large proportion of the private
banks for which balance-sheet statements were
not available.
Of major importance in deriving a reasonably complete balance-sheet statement for private banks in the 18 States in the 1896-1933
period was the fact that two large private
banks in New York made available to the
Board of Governors annual balance-sheet
statements for this period. Data for these two
banks, which had not been available previously, account for a substantial proportion of
all private bank assets.
The methods of obtaining aggregate balance-sheet figures for private banks in the 18
States were determined State by State. The
methods selected depended primarily on the
degree of coverage of the number and assets
of these institutions in reports of the Comptroller of the Currency or the State banking
departments and secondarily on the length of
the period for which data were not available.
Data compiled for a few States. When
data were missing for only a few years or the
number of nonreporting private banks was
small, the balance sheets were compiled from
the bankers' directories. Where the names and
locations of these institutions were known, it
was frequently possible to adjust the officially
reported data on an individual-bank basis.
This was facilitated in later years of the
period by the marked improvement in the
data shown in the bankers' directories.
Data estimated for other States. In
those of the 18 States for which data could
not be compiled, it was necessary to estimate
the data. This group of States included relatively large numbers of banks which did not
report over long intervals. In selecting the
source or sources of data that were the most
reliable, several factors were considered:
(1) Data for 1900-1902 on capital accounts of
banks by class of bank and by States, compiled by
the Bureau of Internal Revenue, provided the best

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coverage of any balance-sheet item for private banks


prior to 1909.15 These data were very useful in
determining the representativeness of the group of
private banks reporting to public authorities or
recorded in the bankers' directories during this
three-year period.
(2) Information on private bank assets by States
was especially good in 1909 as a result of efforts by
the National Monetary Commission to obtain the
best possible coverage and consistency of bank statistics for that year. Since the coverage was more
nearly complete and the reported data included
breakdowns of all balance-sheet items that were
required by the revised series, these data for 1909
provided another good check on the reliability of
figures from other sources for the early period of the
revised series.
(3) As already indicated, the proportion of
private banks reporting to the public authorities
increased substantially in most States over the period
1896-1933. The better coverage in later years provided
a basis for judging the reliability of estimates in
scattered early years and for testing their continuity
over comparatively long periods. When estimates
derived by one method showed extreme fluctuations
that could not be explained, it was necessary to
modify the method or to shift to another method
that would yield more reasonable results.

To summarize, the selection of a particular series or combination of series for estimating purposes depended in part on the adequacy
and representativeness of the data in the few
years before 1910 for which the data were
reported, and in part on the continuity of
estimated data over the entire period ctf
underreporting.
The balance sheets for private banks in
these States were estimated from data available in selected "base" years. In general, the
procedure was to calculate major asset and
liability items for the average bank in each
base year and then blow up these averages to
reflect the revised totals of all private banks
in the State. After estimates for these base
years had been made, figures for other years
were interpolated or extrapolated.
The base years most commonly used
were 1901, 1906, 1909, and 1914, but 1915,
15
For an explanation of capital accounts of private banks,
see p. 26.

United States Summary


1920-1922, 1924, 1925, 1928, and 1930 were
also used. In most States it was not necessary
to use all of them because data were available
for part of the 1896-1933 period. The available data for selected balance-sheet items from
the various sources (Comptroller of the Currency, bankers' directories, and, if possible,
the State authorities) in the base years were
tabulated and divided by the number of banks
reporting in each source to get figures representing an "average" bank. The averages in
these sources were compared to determine in
what source or combination of sources the
averages appeared to be most representative.
The figures for average capital accounts
computed from Bureau of Internal Revenue
data for 1900-1902 were used to check this
representativeness. Where it was found that
capital accounts for the average bank reporting to the Comptroller of the Currency were
about the same size as those shown in Bureau
of Internal Revenue data, it was assumed that
the sample of banks reporting to the Comptroller was representative of all private banks
in the State. In such instances the Comptroller's balance-sheet figures for each base
year were expanded on the basis of the ratio
of the number of reporting banks to the estimated total number of private banks in the
State in that year. For some States, data reported to public authorities were unsatisfactory and better results were obtained by using
data from bankers' directories.
After reasonably satisfactory estimates
had been derived for principal balance-sheet
items for base years, estimates for other years
were made by one of three principal methods.
The method selected depended on the amount
and sources of reported data for private banks
in the State in years other than base years.
(1) Wherever the data for banks reporting to
public; authorities were acceptable, and these data
showed consistent trends over a period during which
the proportion of reporting banks usually increased,
aggregate balance-sheet data were estimated by multiplying average figures for reporting banks for each
nonbase year by the revised total number of banks in
that year.

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25

(2) Where data reported to public authorities


were not adequate, data from bankers' directories
were used. If principal balance-sheet items were
available in the directories, these were tabulated to
derive the aggregate balance sheet for private banks.
In many instances, however, particularly in the
early years, the only item available in the bankers'
directories was capital accounts, and it was necessary
to estimate other items from this item. Average
capital accounts for banks reporting in the directories
were computed for each missing year, and this figure
was multiplied by the revised number of private
banks to obtain an estimate of total capital accounts.
Other major items were estimated by applying to
estimated total capital accounts, ratios of the major
items to capital accounts that were interpolated from
similar ratios for base years derived from data in
bankers' directories or in reports to public authorities;
data for years before the first base year were derived
from extrapolated ratios,
(3) Where neither public authorities nor bankers' directories provided adequate data for estimating
data for years between base years, total assets and
total liabilities were estimated by interpolating between data for base years or, in the case of years
prior to the first base year, by extrapolating the
dollar amounts of total assets and total liabilities
from that year. The principal balance-sheet items
were then obtained by applying to total assets or
liabilities, ratios of principal items to the respective
total that were interpolated between similar ratios
derived from data for base years; data for years
before the first base year were derived from extrapolated ratios.
BREAKDOWNS OF MAJOR ITEMS

In all of the 18 States the detailed breakdowns of loans, investments, cash assets, and
deposits (e.g., the breakdown of loans into real
estate, collateral, and "all other") were estimated by applying to the principal items (e.g.,
total loans) the percentage distribution computed from data reported to public authorities
in the same year or in a nearby year in which
the sample of reporting banks was adequate.
The breakdown of capital accounts of
private banks, which have no capital stock,
has been treated in two ways for the period
1896-1933 in the revised series. In those of
the 18 States where the State laws or regulations permitted or required such banks to
assign a certain portion of their total capital

All-Bank Statistics

26

accounts or net worth to "capital" and such


capital was reported separately after 1933, a
breakdown of capital accounts into "Capital"
and "Surplus and other capital accounts" was
estimated for the earlier period. For the others, where no breakdown of capital accounts
was shown after 1933 or for which it was

necessary to estimate the balance-sheet data


for the 1896-1933 period for a large segment
of the banks included, no effort was made to
supply a separate figure for capital; in these
States all capital accounts are included in the
tables for individual States under the heading
"Surplus and other capital accounts."

ALL STATE COMMERCIAL BANKS, 1934-1955


Several procedures for compiling data for
all State commercial banks (including unincorporated banks) in the 1934-1946 period
were considered, but in each case the procedures used for each State were designed to
take advantage of the data for insured banks
reporting to the Federal Deposit Insurance
Corporation. Throughout this period, as mentioned earlier, figures published by the Federal Deposit Insurance Corporation were
adjusted, where necessary, to include or exclude financial institutions in accordance
with the definition established in 1947.16 Beginning in 1947 the data in the revised series
are those compiled by the Federal Deposit
Insurance Corporation.
1934.1946. Figures for the principal
assets and liabilities of banks in each State
were tabulated by two methods. The results
of the two methods were compared and the
method that appeared, in view of the character
of the data, to provide the better results was
chosen for each State. Ultimately, one of the
two methods was used for the entire period
for some States, whereas for other States one
method was used for some years and the other
method for the other years.
In the first method, data for insured State
commercial banks published by the Federal
Deposit Insurance Corporation were combined
with data for individual noninsured commercial banks taken from statements for those
banks published in reports of the State banking department or in bankers* directories or
10

See note 1, p. B.

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Federal Reserve Bank of St. Louis

(in a few instances) from other sources. The


data used for noninsured banks in this method
were compiled by the Federal Reserve for
1934-1941; for 1942-1946 they represent
summary balance-sheet data that had been
compiled by the Federal Deposit Insurance
Corporation.
In the second method, State totals were
derived from reports or abstracts published by
the State banking department or prepared for
the Federal Reserve Banks or published in the
annual reports of the Comptroller of the
Currency, with appropriate adjustments for
the noninsured bank group, as described later.
The method or methods finally chosen
depended in large part on the data available.
A combination of data for insured and noninsured banks (the first method) was used in
most States, including the following instances:
(1) for States for which June 30 statements of
individual noninsured banks were published
in sufficient detail in the reports of the State
banking department; (2) for States where
aggregate data for June 30 were not available
in State reports; and (3) for States where
comparison of the results of the two methods
of tabulating the principal assets and
liabilities indicated substantial inconsistencies
in the data pertaining to insured banks (member and nonmember) available in records of
Federal and State banking agencies. In the
last two instances data for the major balancesheet items for noninsured banks were taken
from bankers' directories and data for minor
categories were estimated by appropriate
methods.

United States Summary


When the second method of tabulating the
data was used, a tentative balance sheet for
noninsured banks was derived by subtracting
the insured bank data from totals for all State
commercial banks reported by the State banking department to the Comptroller. Each item
in this residual balance sheet for each State
was inspected for reasonableness of the distribution of assets and liabilities in each year
and for consistency from year to year. Many
of the adjustments that were needed in the
residual balance sheet stemmed from the fact
that (1) State banking department summaries
frequently showed less detail than corresponding summaries available for insured State
commercial banks, and (2) the forms of condition reports prescribed and summarized by
State banking departments covering all State
commercial banks (insured and noninsured)
differed from those prescribed and summarized
by the Federal agencies for insured State commercial banks.
To correct the inconsistencies, the residual
balance-sheet data for noninsured banks (derived by the second method) were adjusted
in the light of the following considerations:
(1) Care was taken to have no double counting
of assets and liabilities of banks whose insurance
status changed during the year by reason of (a)
admission of noninsured banks to Federal Reserve
membership or to membership in the Federal Deposit
Insurance Corporation, or (b) the withdrawal of
banks from Federal Reserve membership or from
Federal deposit insurance coverage.
(2) Account was taken of the distribution of
assets and liabilities of all State commercial banks as
shown in summaries made by the State banking
department directly from condition reports submitted
to it by the banks. Copies of these summaries, which
had been furnished to the Board of Governors of the
Federal Reserve System for many years, were available as a basis for adjusting the summary figures
reported to the Comptroller of the Currency. These
State banking department summaries conformed, of
course, to the report forms prescribed by the department in the given year although they usually were
condensed versions of these forms. On the other hand,
the summary figures submitted by the State banking
department to the Comptroller (used in deriving the
tentative balance sheet for noninsured banks) were

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Federal Reserve Bank of St. Louis

27

reported on the standard form supplied by him, and


they necessarily reflected to some extent arbitrary
distributions of assets and liabilities reported by State
commercial banks on the particular form used in each
State.
The lack of uniform reporting by Federal and
State agencies, noted earlier, was not the sole reason
for many of the adjustments made in the residual
noninsured bank summaries. Either a State banking
department or a Federal agency may adjust a condition report (submitted on a uniform schedule to
both) for statistical purposes, usually on the basis of
correspondence with the bank. Unless such adjustments are uniform, the statistics compiled from
reports that initially were identical will differ. Resulting differences necessitated some adjustments in the
residual balance sheet. The aggregate difference for
a given item for the country as a whole would be
very small, however, because the assets and liabilities
of noninsured commercial banks are a small percentage of the totals for all State commercial banks.
(3) Where it was necessary to redistribute the
assets and liabilities of noninsured banks, estimates
were sometimes based on changes over a period of
years in distributions of these items at insured nonmember banks. Such changes were particularly useful
where the State banking department's summary
balance sheet for all State commercial banks did
not adequately classify loans, securities other than
United States Government obligations, cash assets,
or deposits.
This method of estimating was not used, however, without first determining that the noninsured
commercial banks were of the same general type as
the insured banks. If it were found, for example,
that noninsured "banks" were in reality trust companies without deposits, it was not feasible to
estimate their balance-sheet items from summary
balance-sheet data for insured nonmember banks. If
the insured nonmember and the noninsured groups
were obviously of different types, the breakdown for
noninsured banks was estimated on the basis of balance sheets of such banks for another call date in
the same year.
If, after these adjustments had been made, it
seemed desirable to test further the adequacy of the
residual balance sheet for this group of banks, a
tabulation was made of the available balance-sheet
figures for individual banks. These were obtained
insofar as practicable from the annual reports of State
banking departments, but where such official reports
were not available bankers' directories were used. If
the residual balance sheet then appeared to be inadequate, the data tabulated from individual bank
balance sheets were used.

28

All-Bank Statistics

1947-1955. The figures shown for State


commercial banks beginning with 1947 are
those compiled by the Federal Deposit Insurance Corporation from (1) summaries of condition reports of State member banks compiled,
by the Board of Governors of the Federal
Reserve System, (2) condition reports submitted to the Corporation by insured nonmember banks, and (3) similar reports for

noninsured banks collected by the Corporation


from State banking departments or the banks
themselves, or estimates for this group based
on data in bankers* directories. The figures
for this period incorporate revisions that have
been made by the Corporation from time to
time in its published figures. The aggregates
for the United States differ only slightly,
however, from those originally published.

MUTUAL SAVINGS BANKS


The problems encountered in compiling
balance-sheet data for mutual savings banks
were similar to those described for State commercial banks. Mutual savings banks existed
in only 18 States, however, and the amounts
for most of their balance-sheet items were
thus comparatively small in relation to the
totals for all banks.
In general the estimating techniques de-

scribed in the preceding sections and the


problems of selecting a particular technique
in a given instance applied equally well to
mutual savings banks. An exception was that
trends shown by other classes of banks in the
same State or in nearby States could not be
used as a guide in estimating data for mutual
savings banks because they conducted a different type of business.

17
Mutual saving-s banks operated during all or a part of
the period covered by the revised series in Connecticut, Delaware, Indiana, Maine, Maryland, Massachusetts, Minnesota,

New Hampshire, New Jersey, New York, Ohio, Oregon,


Pennsylvania, Rhode Island, Vermont, Washington, West
Virginia and Wisconsin.

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Appendix A
ALL BANKSCONTINENTAL UNITED STATES

PAGE

TABLE A-l. ASSETS, LIABILITIES, AND NUMBER OF ALL BANKS,


1896-1955
r

30

TABLE A-la. ASSETS, LIABILITIES, AND NUMBER OF ALL COMMERCIAL


BANKS, 1896-1955

34

TABLE A-2. ASSETS, LIABILITIES, AND NUMBER OF NATIONAL


BANKS, 1896-1955

38

TABLE A-3. ASSETS, LIABILITIES, AND NUMBER OF STATE COMMERCIAL


BANKS, 1896-1955

42

TABLE A-4. ASSETS, LIABILITIES, AND NUMBER OF MUTUAL SAVINGS


BANKS, 1896-1955
,

46

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Federal Reserve Bank of St. Louis

30

Continental United States

All BanksTable A-l

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available .date; partly estimated. Amounts in millions of dollars]
Loans

Loans
Year
Total

Real
estate

All.
other

Collateral

1896
1897
1696
1899

4*615
4.596
4.976
5.689

1*164
1*169
1 > 197
1*261

1*365
1.413
1*613
2*121

2*086
2*014
2*166
2*307

1900
1901
1902
1903
1904

6*093
6*914
7*664
8*257
8,545

1*342
1*445
1*564
1*697
1*805

2.215
2657
2*991
3*130
3*107

2.536
2*812

1905
1906
1907
1908
1909

9*540
10*442
11*319
10.763
11*548

1*991
2.228
2*393
2*430
2*548

1910
1911
1912
1913
1914

12*766
13*228
14*124
14,821
15*502

1915
1916
1917
1918
1919

15*976
18*263
20*902
22*863
25*132

Year
Total

Real
estate

Collateral

All
other

3*430
3*633

1920
1921
1922
1923
1924

31.189
29.236
28,000
30,734
32*030

5*516
5*857
6*386
7.329
3.239

10*033
9*203
9*036
9*658
9*949

15*640
14*176
12*578
13*747
13.842

3*600
3.765
3*911
3*671
4*016

3*949
4*449
5*015
4*662
4*984

1925
1926
1927
1928
1929

34*378
36*658
37*949
39*946
41.944

9,196
10*105
10.752
11.364
11.796

11*177
12*080
12*835
14*104
13*854

14*005
14.473
14.362
14.478
16*294

2*892
3*084
3.354
3*590
3*678

4.239
4*234
4.485
4*564
4*604

5.635

1930
1931
1932
1933
1934

40*990
35.416
28,071
' 22.337
21*309

11*780
11*626
10.857
9*954

9*141

13.695
10,999
7*388
5*455
5.342

15.515
12*791
9*826
6*928
6*826

3*875
4*108
4.504
4.578
4.709

5*168
6*149
6*957
7*460
9*329

6,933
8,006

1935
1936
1937
1938

20*240
20*640
22,435
21,033

8*691
8*487
8*610
8*689

4.740
4*752
4*902
3*806

6*809
7*401
8*923
8*538

3.109 .

5.910
6*285
6*667
7,220

9.441

10.825
11*094

Loans1
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

7*050

On
farmland

On
residential
property

Other

Other
loans
to
individuals

All
other

577

6*413

1*921

3,703

1940
1941
19*2
1943
1944

22*311
25.273
25*063
22*2*8
25*435

7*863
9.707
10*192
8*340
9.018

475
606
578
1.1*4
2.233

778
736
647
697
2*329

593
597
570
510
506

6,694
7*033
7.156
6*932
6.727

1.940
1.969
1*891
1.713
1*564

3*968
t+ .625
tt029
1*995
1*933

1945
1946
19*7
19*8
1949

27.996
31*506
38*365
45*100
47*078

9.293
11,890
16*498
20*071
19.291

3.123
2.422
1*523
1*189
1*984

3*631
2,678
1,309
1*104
926

522
660
810
910
937

6*673
7,569
9*769
11*883
13.255

1*545
1*897
2*332
2.797
3*005

2*181
3*157
5*011
6*538
7*310

.028
.233
*113
160
.054

1950
1951
1952
1953
1954

52*001
63*841
69*7*2
77*117
81*225

19.885
26*799
28*994
31.127
31.311

1*872
1*622
2*113
1.719
2* 462

934
1*024
968
1*078
1*261

983
1*071
1*106
1*1*9
1*190

15*567
18*620
20*621
22*994
25*293

3*190
3*590
3*8*6
*200
4*625

9*179
10*444
11*511
-14*220
1*>584

.228
.632
.615
746
675

1955

91*353

33,304

2*859

1*618

1,319

29.3*4

5*288

16*497

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to the
total and are not entirely comparable with prior figures. Total loans continue to be shown net.

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917
L.125

**53

NOTE.Figures for individual classes of banks may not add to totals


for all banks because figures for each class were rounded to millions of
dollars independently.

Continental United States

31

Table A-7All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Cash assets

Investments
Year
Total

U.S.
Government
obligations

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

1*689
1.802
1.970
2,254

506
514
533
574

584
621
673
718

599
667
764
962

1*421
1*703
1*914
2*382

136
154
152
340

568
655
717
749

717
894
*045
.293

323
331
356
354

8-048
6*432
9,216
10,679

1900
1901
1902
1903
1904

2,544
2*891
3.098
3*341
3*595

611
603
579
588
600

736
785
823
875
916

1*197
1*503
1.696
1*878
2*079

2*395
2,866
2*855
2*828
3.202

277
522
378
347
292

774
848
878
881
1.031

.344
.496
.599
>600
.879

356
366
409
475
506

11*388
13*037
14*026
14*901
15*846

1905
1906
1907
1908
1909

3.974
4080
4*284
4*456
4*746

600
620
636
722
747

959
973
1 1001
1 1017
1*131

2*415
2*487
2*647
2*717
2*868

3*455
3*635
3*848
4.043
4.499

446
520
468
432
566

1.016
1*052
1*141
1,373
1,472

1.991
2*063
2*219
2*236
2*461

542
583
663
684
696

17*511
16*740
20,114
19*946
21*489

1910
1911
1912
1913
1914

4*839
5*136
5*440
5*500
5*701

750
755
787
783
793

Iil73
I n 224
1*280
I n 340
1*407

2*916
3,157
3*373
3.377
3*501

4.543
4*842
4*925
4*653
5*125

758
520
496
491
590

1,441
1*574
1.575
1 564
1*636

2*344
2*748
2*854
2*798
2*899

774
820
883
929
1*021

22*922
24,026
25,372
26*103
27*349

1915
1916
1917
1916
1919

5*982
6*833
7*925
9*609
12*024

778
753
1349
3.243
5*425

1*477
1*636
1*727
1*708
1*695

3,727
4,442
4,849
4,658
4.904

5*300
6*385
7,250
6,837
8.286

435
778
771
872
1*740

1.477
1*486
1.489
888
965

3*388
4*121
4*990
5.077
5,581

1.105
1*216
1,463
1*788
2.161

28*363
32*697
37,540
41,097
47,603

1920
1921
1922
1923
1924

11*043
11*169
12*328
13*474
13*843

4.420
4.201
4.818
5.715
5*381

1.594
1 1-723
U843
1 1>852
2.060

5*029
5.245
5.667
5.907
6.402

8*489
6*980
7*830
7.595
9.034

2*010
1.669
1*991
1.680
2.508

1*038
679
807
770
882

5*441
4*432
5*032
5*145
5*644

2.373
2*248
2,210
2,341
2*513

53,094
49*633
50.368
54,144
57*420

1925
1926
1927
1928
1929

15*056
15*562
16*649
18*146
17.305

5.529
5.364
5*345
5.671
5.477

2.235
2.481
2i740
2i698
2*860

7.292
7.697
8,564
9.577
8,966

9.903
9*806
10.156
9*454
9.222

2*758
2*667
2*894
2*413
2,397

920
937
921
797
770

6*225
6.182
6.341
6.244
6*055

2,895
3,053
3.139
3*575
3 8 44

62.232
65.079
67*893
71,121
72,315

1930
1931
1932
1933
1934

18*090
19,973
18*406
16*125
21*262

5.373
6.601
6.937
6*229
11*308

3.031
3.472
3i256
3.178
3.256

9.686
9,900
8,213
6.718
6,698

11,201
10,405
7*407
7*793
10,158

3,663
2*531
1*376
1*510
1*102

831
851
767
641
691

6.707
7,023
5,264
5,642
6,365

4.009
4*276
3*411
3,104
3*186

74,290
70,070
57*295
51,359
55*915

1935
1936
1937
1938
1939

24*176
27*857
27.212
26.267
28*339

14*316
17,392
16.933
16*761
18,779

3*555
3.646
3i592
3.483
3,932

6.305
6,819
6,667
6,023
5*628

12,318
15*038
15*520
17*374
20.550

1*230
2*208
2*262
1*958
2*256

772
994
924
993
1,014

10,316
11*836
12,334
14,423
17,260

3.217
3*319
3.235
3*056
3.004

59*951
66*854
68*402
67*730
73,193

1940
1941
1942
1943
1944

29*040
32*667
38.954
65*674
83*329

19*705
23*559
30*320
57*774
75,775

4.161
4i206
3.952
3*751
3.628

5.174
4*902
4*682
4.149
3*926

25.603
26,785
25.595
26.696
28*195

1.607
2,527
2*701
3*560
4*136

1*111
1,366
1,413
1,563
1,576

22*885
22*892
21*481
21*573
22.483

2.775
2.599
2.318
2*111
1*083

79*729
87.324
91*930
116.729
138.842

1945
1946
1947
1948
1949

101*724
105*163
92*729
87*982
86*794

93,708
95,969
82*673
76.774
74*879

3i880
4*173
5*029
5*666
6.005

4*136
5.021
5.027
5.540
5.910

30*740
33*163
33*544
35,000
34.967

3*412
5*268
5*848
6,054
6*121

1,586
1*594
1*934
2*195
2*169

25.742
26.301
25.762
26,751
26,677

.709
697
.698
.970
.971

162.169
171.529
166.336
170,052
170,810

1950
1951
1952
1953
19S4

90*962
83*901
67.786
85*965
92.115

77*322
68*726
70.784
66,109
72t524

7*477
8 * 595
10*078
10*911
12*463

6.163
6*560
6.924
6*945
7.128

34.101
36.236
41*668
42,024
42*555

6,843
7.439
8,655
8*854
8*911

1*919
1*972
2*497
2.699
2*777

25*339
26*825
30*516
30,471
30*667

2*101
2*360
2,599
2*654
3*001

179,165
186,338
201,795
207,760
218,696

1955

92.897

71,946

13.440

7*511

42*013

9,799

2*800

29*414

3,363

229,626

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

32

Continental United States

All BanksTable A-l

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Deposits

Year

Total

Inter**"*

Other
demand

Government

Other
time

1896
1897
1898
1899

5,859
6,270
7,044
8,472

571

15

726
872
1.126

16
53
76

2,844
2,999
3*431
4*295

2.429
2.529
2*688
2*975

1900
1901
1902
1903
1904

8,922
10,374
11,103
11,612
12,341

1.261
1.437
1.498
1.479
1.756

99
99
124
147
110

4.346
5,279
5*541
5.772
6*058

3*216
3.559
3.940
4*214
4*417

1905
1906
1907
1908
1909

13*772
14.703
15.759
15*440
16.883

1,909
1.908
2,094
2.213
2.492

75
90
160
130
70

6.899
7.404
7.710
7.382
8*119

4*889
5*301
5*775
5*715
6*202

1910
1911
1912
1913
1914

17,950
18,860
20.013
20.523
21.665

2.304
2,633
2.636
2*585
2*720

54
48
58
49
66

8*567
8*629
9*220
9*252
10*309

7*025
7.550
8.099
8*637
8*570

1915
1916
1917
1918
1919

22.504
26,738
30.855
33.061
37.982

2*811
3.511
4*014
3*718
3*949

48
39
146
1*542
914

10*706
12.921
15*088
15*751
19.285

8*939
10*267
11,607
12*050
13.834

1920
1921
1922
1923
1924

41.838
38*934
41,227
44*376
47.961

3*728
2*904
3*353
3.417
4.246

261
405
158
305
185

21*579
18*934
20*112
20*835
22.076

16.270
16*691
17*604
19i819
21.454

1925
1926
1927
1928
1929

52.301
54.416
56,700
58,138
58*269

4^330
4V289
4.528
4.283
3*975

IS2
235*
232
274
375

24.332
25..010
25*265
24*864
25.169

23*457
24,882
26*675
28*717
28.750

1930
1931
1932
1933
1934

60.365
57.187
45.569
41.684
46*480

5*129
5*150
3.323
3.467
4.582

298
447
433
858
1,735

25*658
22.573
17,114
16.022
17*798

29*280
29.017
24.699
21,337
22*365

1935
1936
1937
1938
1939

51*270
58*066
59*485
59*000
64.303

5,644
6,903
6*337
6*838
8*220

820
1*144
669
596
766

21.733
26*100
27.582
26*398
29.694

23*073
23,921
24*897
25*168
25.601

1940
1941
1942
1943
1944

70*854
78,212
82.765
107.297
126.684

10*168
10.929
10*278
10,888
11.201

824
748
1*837
8.027
19*512

33.649
39*919
44*614
59.667
64.262

26*213
26*616
26*036
28*715
33.709

1945
1946
1947
1948
1949

151.128
159.293
153,375
156.373
156*488

12.587
12.309
11.682
11.436
10.938

24.385
13.415
1*367
2*180
2*304

72*535
84.838
66.044
68*769
88*015

41.621
46.731
52*282
53*988
55*231

1950
1951
1952
1953
1954

163*769
171*879
184.147
189,176
199,505

11*436
11.947
13*513
13.601
15*500

3*801
6*332
6*121
3*942
5*895

91*900
96*417
103*426
105*769
107*042

56*652
57.183
61*087
65*864
71*068

113*032

75*151

1955

Continental United States

33

Table A-lAtt Banks

[Figures as of June 30 or nearest available date; partly estimated.

Year

National
bank
notes

Borrc wings

Other
liabilities

Capital

Amounts in millions of dollars]


Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
196
1899

43
34
26
25

199
197
190
, 199

54
54
78
76

1*135
1*103
1*091
1*079

758
774
787
828

8*048
8*432
9.218
10.679

12.112
12*079
12*163
12*459

1900
1901
1902
1903
1904

40
43
49
56
62

265
319
309
359
399

86
101
92
114
111

1*138
1*191
1*328
1*440
1*529

937
.009
>145
320
406

11*388
13*037
14*026
14*901
15*848

13*053
14,054
15*112
16*433
17*659

1905
1906
1907
1908
1909

63
86
115
111
97

445
510
548
613
636

165
156
200
155
123

1*573
1*673
1*769
1*828
1*882

493
*612
.723
*799
1*868

17.511
18*740
20.114
19*946
21*489

18*767
20*407
21*966
23*161
23*734

1910
19U
1912
1913
1914

162
141
155
193
238

675
631
708
722
722

151
211
227
222
221

1*989
2*027
2*069
2*155
2*183

1*995
2.106
2.200
2*286
2*320

22*922
24*026
25.372
26*103
27*349

25*151
25,815
26,472
27,285
27*864

1915
1916
1917
1916
1919

231
173
442
It314
2*210

722
676
660
61
677

263
392
595
928
1*325

2*217
2*257
2*354
2*427
2*504

2*426
2*461
2*634
2*686
2*905

28*363
32*697
37*540
41,097
47*603

28*017
28*362
26*919
29*460
29*767

1920
1921
1922
1923
1924

3*205
2*636
1*016
1*281
766

64)6
704
725
720
729

1*344
974
801
949
891

2.777
2*946
2*984
3*080
3.125

3.242
3*439
3*615
3*738
3*948

53*094
49*633
50*368
54*144
57*420

30*909
31*076
30*736
30*444
29*601

1925
1926
1927
1928
1929

850
930
851
1*594
1*710

648
6!>1
650
649
649

1*049
1*241
1*391
1*786
1*937

3.212
3.338
3.440
3*610
3*683

4*172
4.503
4*861
5*344
5*867

62*232
65*079
67*893
71.121
72*315

29,052
28*350
27*255
26*401
25*568

1930
1931
1932
1933
1934

762
485
1*282
539
169

649
636
649
727
695

2*142
1*890
1*270
1*021
706

3.997
3*749
3.356
2.943
3.510

6.375
6*123
5*1*7
4*445
4.355

74*290
70*070
57*295
51*359
55*915

24,273
22*242
19*317
14*771
15*913

1935
1936
1937
1938
1939

66
54
49
37
24

222

578
716
745
586
630

3.540
3.391
3*223
3*163
3.119

4,275
4*625
4*900
4*924
5.117

59.951
66*854
68*402
67*730
73.193

16*047
15*884
15*646
15,419
15,210

1940
1941
1942
1943
1944

19
15
16
29
87

604
656
649
638
730

3*047
3*011
2*966
2*966
3*016

5*205
5*430
5*514
5*799
6.315

79.729
67.324
91*930
116*729
136*842

15,076
14*975
14*691
14*734
14*674

1945
1946
1947
1948
1949

70
68
63
66
31

845
1*044
1*179
1*374
1*445

3*102
3*195
3*292
3.349
3.479

7*024
7.909
8*427
8.890
9*367

162*169
171,529
166*336
170*052
170*810

14*660
14*685
14,715
14,721
14*681

1950
1951
1952
1953
1954

49
76
94
114

1*750
2*148
2*516
2*679
2*672

3*583
3.726
3.927
4*059
4.229

9,994
10,509
11*111
11.732
12*435

179*165
186*338
201*795
207*760
218.896

14*676
14*636
14*596
14*533
14*464

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

55

4*547

14*308

34

Continental United States

All Commercial BanksTable A-la

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Loans
Year
Total

Real
estate

Loans
All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1896
1897
1896
1899

3.741
3.701
4*060
4.718

436

417
420
446

1.281
1*336
1*535
2.024

2*024
1*946
2.105
2*248

1900
1901
1902
1903
1904

5*065
5*835
6*521
7.052
7.299

484
545
617
698
756

2.106
2.543
2.860
2*988
2,974

2,475
2,747
3,044
3 , 366
3*569

1920
1921

1922
1923
1924

28.562
26.386
25.040
27.397
28.278

3,225
3,354
3.671
4.243
4.710

9,824
9*005
8*872
9,490
9.803

15*513
14,027
12,497
13.664
13.765

1905
1906
1907
1908
1909

8*220
9*013
9.610
9.243
10.015

870
1,026
1*111
1.104
1*199

3*468
3*611
3*758
3*541
3*891

3.882
4*376
4*941
4.598
4,925

1925
1926
1927
1928
1929

30.222
32.084
32*932
34*468
36,114

5*273
5.781
5.992
6,193
6,313

11.014
11*895
12.641
13.876
13,572

13,935
14,408
14,299
14,419
16.229

1910
1911
1912
1913
1914

11.072
11.455
12.239
12*820
13*416

1.392
1.513
1*677
1.809
1*812

4*105
4,101
4,347
4.415
4*463

5,575
5,841
6*215
6.596
7*141

1930
1931
1932
1933
1934

35*043
29*307
22,001
16,457
15,719

6*146
5.757
4,955
4*202
3.661

13*434
10.807
7,260
5,358
5,259

15,463
12.743
9*786
6,897
6,799

1915
1916
1917
1916
1919

13*834
16*067
18.581
20.571
22.814

1.960
2*122
2.395
2*484
2.609

5*024
6.001
6.612
7*329
9*188

6,850
7.944
9.374
10*758
11*017

1935
1936
1937
1936

14.950
15.600
17*471
16*126

3.494
3.530
3,727
3,863

4.670
4,695
4,651
3,759

6*786
7,375
8,893
8,506

Loans'
Commercial,

Year
Total

and
agricultural

16*411

7.029

1940
1941
1942
1943
1944

17*393
20.324
20.249
17.673
21*029

7.833
9 . 672
10*163
8.320
6*997

1945
1946
1947
1948
1949

23.697
27.159
33.679
39*866
41.028

1950
1951
1952
1953
1954
1955

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farm land

others

residential
property

to

All
other

individuals

Other

770

1*144
2,232

764
724
636
690
2,323

563
569
542
485
482

2*790
3.113
3*331
3.267
3*209

1*039
1,060
1*002
661
756

9*269
11,664
16.469
20*036
19.253

3*123
2*422
1.523
1*188
1.984

3,626
2,675
1.307
1.102
924

496
636
784
877
698

3.251
4.112
5.994
7.533
6*146

44*798
54*821
59*233
65.025
67*335

19*643
26*773
26.964
31,093
31*263

1.872
1.622
2*113
1.719
2.462

932

1,074
1,256

939
1*026
1*058
1*096
1*135

75*181

33.263

2.859

1*613

1*260

475
606
578

1.022
965

. l Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to the
total and are not entirely comparable with prior figures. Total loans continue to be shown net.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Other

On

1.974
1.911

3,929
4,580
3*995
912
1*119

1.097
1.532
1,823
1,979

2.157
3,128
4,976
6,485
7,250

1*021
1,225
1*094
1*152
1*048

9.420
10.786
11.476
12*420
13.112

2*052
2.332
2.485
2*712
2.979

9,110
10,353
11.417
14.111
14,461

1*221
1*622
1,608
1*737
1*657

15.006

3.513

16*364

2*428

752

NOTE.Figures for individual classes of banks may not add to totals


for all commercial banks because figures for each class were rounded to
millions of dollars independently.

Continental United States

35

Table A-laA\l Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankersbalances
(including
reserves)

Other
assets

Total
assets

1896
1897
1896
1899

886
1*002
1*207

die

348
358
386
435

102
113
128
157

366
415
486
615

1*330
1*604
1*800
2.264

136
153
151
339

550
638
701
732

644
813
948
1*193

278
284
308
300

6*167
6*475
7.170
8.489

1900
1901
1902
1903
1904

It410
1*676
1*821
2*016
2*226

506
525
517
542
562

169
190
199
223
259

735
961

1*105
1*251
1*405

2*274
2*740
2.731
2*706
3*066

276
521
377
345
291

756
831
862
865

1*014

1*242
1*388
1.492
1.496
1.761

310
321
354
416
444

9*059
10*572
11.427
12.190
13*035

1905
1906
1907
1908
1909

2*523
2*563
2*744
2*912
3*1S3

571
596
616
706
733

286
279
316
335
412

1*666
1*686
1*812
1.871
2*008

3.321
3.502
3*706
3*885
4.340

445
519
487
431
565

1.001
1*036
1*120
1.351
1*453

1.875
1*947
2*099
2.103
2*322

478
523
602
624
637

14*542
15*601
16*862
16.664
18*145

1910
19L1
1912
1913
1914

3.156
3*431
3*676
3*697
3*861

737
742
774
770
782

408
466
530
536
565

2*011
2*223
2*372
2*391
2*514

4.387
4*672
4*758
4.681
4*930

757
519
495
490
587

1*421
1*559
1*559
1*548
1.615

2.209
2.594
2,704
2.643
2.728

709
762
822
858
948

19.324
20*320
21*495
22*056
23*155

1915
1916
1917
1918
1919

4*156
4*870
5*837
7*478
9*521

767
740

1*300
3*043
4*864

663
786
863
924
947

2*726
3.344
3*674
3*511
3*710

5*092
6.148
7*010
6.613
8*061

434
775
768
869

1.452
1.463
1.464

1.737

3.206
3*910
4*778
4.879
5.383

1*024
1*132
1*374
1*690
2*066

24.106
26.217
32*802
36.352
42.462

1920
1921
1922
1923
1924

8*398
8*360
9*359
10*325
10*679

3*638
3*262
3.846
4*604
4*260

944

1*043
1*146
1.182
1.382

3.816
4*055
4.367
4*539
5*037

8.264
6.771
7.602
7*377
8*787

2*007
1.665
1*988
1*677
2*504

85.6
776
743
855

5.245
4*250
4*838
4.957
5*428

2*285
2*152
2*105
2*233
2*392

47*509
43*669
44*106
47*332
50*136

1925
1926
1927
1928
1929

11*755
12*224
13*165
14*466
13*683

4*454
4*414
4*494
4*933
4*872

1*527
1.723
1*912
1*999
1*955

5*774
6*087
6.759
7*534
6*856

9*663
9*568
9.901
9.215
9*004

2*755
2*683
2*890
2.409
2*394

892
911
893
768
740

6.016
5*974
6.118
6.038
5*870

2*761
2.905
2.975
3*394
3*641

54*401
56*781
58*973
61*563
62*442

1930
1931
1932
1933
1934

14*392
15*686
14*277
14*078
17*072

4*874
6.011
6*250
7*496
10*324

2*111
2*434
2*299
2*267
2*360

7*407
7*241
5*728
4.315
4.388

10*910
10*017
6*970
7.368
9*648

3*659
2*526
1*372
1*506
1.097

799
816
715
582
642

6*452
6*675
4.883
5*280
7.909

3.780
4*007
3*056
2*608
2.539

64*125
59*017
46*304
40*511
44*978

1935
1936
1937
1938
1939

19*735
23*077
22*138
21*109
23*004

12*778
15*344
14*583
14*081
15*740

2*689
2*873
2799
2i779
3>286

4*268
4*860
4*756
4*249
3*978

11.799
14.497
14.993
16.798
19.852

1.226
2*204
2*257
1*953
2.249

729
945
875
936
950

9.844
11*348
11*861
13*909
16*653

2*421
2*398
2*305
2*150
2*155

48*905
55*572
56*907
56*185
61*422

1940
1941
1942
1943
1944

23*793
27*319
33*431
59*020
74*784

16.597
20*139
26*439
52*495
68*480

3i610
31.670
3d 564
3r517
3*472

3*586
3*510
3*428
3008
2*832

24.626
25.819
24.844
25*976
27.662

1*598
2.517
2*691
3*550
4*126

037
.290
.334
485
.503

21*991
22*012
20*819
20*941
22*033

1*992
1*894
1.752
1*653
1*556

67*804
75*356
80.276
104*322
125*031

1945
1946
1947
1948
1949

90*917
92*417
79*076
73*990
72*750

84*136
84*549
70*533
64*798
63*221

3 (.778
4 1>082
4i>965
5588

5,929

3*003
3*786
3*578
3*604
3*600

30*157
32*418
32.705
34*168
34*167

3*402
5.253
5.831
6*038
6*102

1*509
1*510
1.851
2*103
2*072

25*246
25*655
25*023
26*027
25*993

1.474
1*513
1*514
1.775
1*760

146*245
153.507
146.974
149.799
149*705

1950
1951
1962
1963
195*4

76.973
71*224
75*204
72*932
79*046

65*753
58*521
61*178
58*645
63*508

7t392
8t514
9 1 844
10*533
11*930

3*828
4.1*9
4*182
3*754
3*608

33*270
37*385
40*703
41*157
41*568

6.813
7*409
8*619
8*826
8*880

1*829
1.873
2*396
2*590
2*659

24*628
28*103
29*688
29*741
30*029

1*873
2*073
2*277
2*313
2*632

156*914
165*503
177*417
181*427
190*581

1955

60.080

63*270

12*785

4*025

41.024

9.762

2*681

28*581

2*959

199*244

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

865
941

1.012

36

Continental United States

All Commercial BanksTable A-la

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AM) NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Deposits
Year
Total

Inter bank

U S
* '
Government

Other
demand

Other
time

1896
1897
1896
1699

4*142
4*486
5,175
6*472

571
726
872
1*126

15
16
53
76

2*844
2.999
3*431
4*295

712
745

1900
1901
1902
1903
1904

6.792
8,114
8.713
9.107
9.739

1*261
1*437
1*498
1*479
1*756

99
99
124
147
110

4.345
5*279
5*541
5.771
6*057

1*087
1*299
1*550
1*710
1*816

1905
1906
1907
1908
1909

11*028
11*791
12*727
12*425
13*789

1,909
1,906
2,094
2,213
2*492

75
89
180
130
70

6*698
7,403
7,708
7,381
8*115

2*146
2*391
2*745
2*701
3*112

1910
1911
1912
1913
1914

14*644
15,452
16,455
16,808
17,606

2,304
2*633
2,636
2*585
2*720

54
46
58
49
66

8*566
6*625
9*217
9*249
10*306

3*720
4.146
4*544
4*925
4*714

1915
1916
1917
1916
1919

18*612
22*613
26*501
26.708
33,254

2*811
3*510
4*015
3*718
3,946

46
39
146
1*541 ,
914

10*703
12.917
15*085
15,747
19*282

5*050
6*147
7.255
7*702
9*110

1920
1921
1922
1923
1924

36,682
33*432
35,532
38*175
41*343

3,729
2*904
3.353
3,417
4,247

261
405
158
305
185

21,571
16*926
20,106
20*829
22*069

11*121
11*197
11*915
13*624
14*842

1925
1926
1927
1928
1929

45,230
46,952
48,704
49*582
49*385

4,330
4,289
4,527
4,282
3.975

162
235
232
274
375

24*325
24*993
25.257
24*657
25*160

16*393
17.435
18*688
20*169
19.875

1930
1931
1932
1933
1934

51,267
47,277
35*658
3**T8
3*T810

5,129
5*150
3,323
3*467
4*581

298
447
433
858
1*735

25*646
22.569
17*111
16*019
17*796

20*192
19*111
14*791
11*734
12*698

1935
1936
1937
1936
1939

41,462
48*116
49.345
48,814
53.894

5*644
6,903
6,336
6,838
6.220

820
1*144
669
596
786

21*731
26*096
27.578
26*367
29*691

13*267
13.975
14*762
14*993
15*195

1940
1941
1942
1943
1944

60,246
67,588
72,394
96.175
116*235

10,166
10,929
]10,278
10*888
11*201

824
748
1*837
8,026
19*511

33*646
39*915
44,611
59*661
64*254

15*608
15*996
15*668
17*600
21.269

1945
1946
1947
1948
1949

136,727
143*042
135,933
138,162
137,536

12*586
12*309
J11,681
11*435
10,938

24*384
13*413
1*365
2*176
2*302

72,526
84*624
88*030
88*754
87*999

27*231
32*496
34*857
35*795
36*299

1950
1951
1952
1953
1954

143*845
151,475
162*365
165*548
174,065

11*435
11,946
13.512
13*598
15.497

3*799
6*329
6.118
3*940
5*892

91*682
96*399
103*402
105*735
106*995

36*729
36*801
39*333
42.275
45*681

15*242

5*414

112,981

1955

819
975

Continental United States

37

Table A-laA\\ Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Year

Nat onjil
ba
no

Borrowings

1896
1897
1896
1899

43
34
28
25

n..
Habeas

<**"

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

199
197
190
199

53
53
76
73

1*135
1*103
1*091
1*080

595
602
610
640

6*167
6*475
7.170
8*489

11*474
11,438
11*530
11*835

40
44
49
56
62

265
319
309
359
399

84
99
90
113
106

1*138
1*191
1*326
1*440
1*529

740
805
938
115
.198

9*059
10.572
11.427
12*190
13*035

12*427
13*424
14,488
15*814
17.037

1905
1906
1907
1908
1909

63
86
115
110
97

445
511
547
613
636

162
153
199
152
122

1*573
1,673
1*770
1*828
1*882

271
,387
*504
.536
619

14*542
15.601
16.862
16*664
18.145

18,152
19*786
21*361
22.531
23,098

1910
1911
1912
1913
1914

162
141
154
193
238

675
681
709
722
722

149
203
222
217
220

1*989
2*027
2*069
2*155
2*183

1.705
1*816
1*886
1*961
1*986

19*324
20*320
21*495
22*056
23.155

24,514
25*183
25*844
26.664
27,236

1915
1916
1917
1918
1919

230
173
441
1313
2*208

722
676
660
681
677

256
388
568
908
1*309

2*216
2*257
2*354
2.427
2*504

2,070
2*110
2*258
2*315
2*510

24.106
28,217
32.802
36,352
42.462

27,390
27,739
28*296
28.856
29.147

1920
1921
1922
1923
1924

3*204
2*635
1*015
1*281
766

688
703
725
719
729

1*336
963
790
937
878

2*777
2*946
2*984
3*080
3.125

2*822
2*990
3*060
3.140
3.295

47.509
43*669
44*106
47.332
50.136

30,291
30,456
30,120
29,829
28*986

1925
1926
1927
1928
1929

850
930
851
1*593
1*708

648
651
650
649
649

1*037
1*227
1*376
1,771
1*920

3*212
3*338
3*440
3*610
3.884

3*424
3*683
3,952.
4,358
4,896

54*401
56.781
58*973
61.563
62.442

28*442
27*742
26*650
25*798
24,970

1930
1931
1932
1933
1934

761
481
1*266
523
163

649
636
649
727
695

2*130
1.877
1*247
993
685

3*997
3,748
3.358
2*943
3*510

5,321
4*996
4*126
3,247
3,115

64.125
59.017
46*304
40*511
44*978

23*679
21*654
18.734
14.207
15*346

1935
1936
1937
1938
1939

61
51
46
34
23

222

559
700
730
567
609

3*540
3*391
3.224
3*183
3*119

3*061
3*312
3.562
3,567
3,777

48*905
55*572
56*907
56*185
61*422

15*488
15*329
15.094
14.867
14*667

1940
1941
1942
1943
1944

19
15
16
29
87

579
622
612
597
698

3*047
3*011
2*986
2*966
3*018

3,913
4,120
4.268
4,555
4,993

67*804
75,356
. 80*276
104*322
125.031

14*534
14*434
14.353
14.197
14.138

1945
1946
1947
1948
194?

69
86
63
65
30

797
987
1*101
1*286
1*356

3*102
3*195
3*292
3*349
3*479

5,550
6,197
6,565
6*935
7,302

146.245
153-507
146.974
149*799
149.705

14*126
14.152
14*182
14.189
14.151

1950
1951
1952
1953
1954

50
75
94
113
55

1*630
2*003
2.359
2.490
2*423

3.563
3*726
3*926
4*059
4*229

7,806
8,224
8,673
9,217
9,809

156*914
165*503
177*417
181.427
190*581

14*146
14.107
14,069
14*005
13.936

1955

150

2*676

1900
1901
1902
1903
1904

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

//

10*359

38

Continental United States

National BanksTable A-2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Loans

Loans
Year
Total

*tl

All
other

^atera,

Year
Total

Real
estate

Collateral

1896
1897
1898
1699

1.972
1*976
2.164
2.508

18
18
20
24

637
681
779
1*048

1.317
1.279
.365
436

1900
1901
1902
1903
1904

2*644
2*960
3*246
3*441
3*625

26
31
35
37
38

1.049
1.193
1.291
1.307
1.416

569
756
.920
2.097
2.171

1920

1921
1922
1923
1924

13*499
11*976
11*191
11*778
11*955

230
280
371
463
535

1905
1906
1907
1908
1909

3*928
4.236
4*66 1
4*639
4*966

41
47
52
52
57

1.522
1.567
1.640
1.808
1.939

2.365
2.622
2.970
2.779
2.990

1925
1926
1927
1928
1929

12.592
13*322
13*649
14*921
14*605

636
725
1*062
1*285

1910
1911
1912
1913
1914

5*454
5*632
5.972
6.160
6*443

65
65
75
77
114

1.985
2*004
2.134
2.167
2.294

3404
3*563
3.763
3.916
4.035

1930
1931
1932
1933
1934

14.874
13.162
10*265
6.102
7*681

1.468

1915
1916
1917
1918
1919

6.663
7.767
8.936
10.077
10*903

151
161
185
185
184

2.632
3.072
3.398
3.837
4*768

3.880
4*534
5.353
6*055
5.951

1935
1936
1937
1938

7.353
7.749
8.797
8*316

All
other

*
.

4,899

4.361

8*370
7.335

4.289
4*368
4*454

6.531

5.022
5492
5*824
6*587
5*476

6,934

7,791
6,931

1*326

5*615
4*651
3.369
2.865
2.624

1.293
1.367
1,503
1.621

2*265
2.275
2*335
1*898

3.795

1*412
1*580

1.612
1.322

6.947
6.966

7,105
6,963
7*049

7,917

5,284

3,915
3*731

4.107
4.959
4*797

Loans1
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farmland

To
others

On
residential
property

Other
loans
to
individuals

Other

All
other

4.086

290

4*516
5.672
6*022
4,875
5.347

169
238
187
368
900

390
356
307
313
1*322

234
234
220
188
184

1.274
1*448
1*557
1*561
1.519

485
490
460
360
329

698
838

2*086
2.459
2127
590
774

12.369
14.469
1 8 . 764
22.243
22.505

5.440
6.814
9.791
11.925
11*345

1*330
1.166
769
523
694

1*872
1*394
671
558
443

183
238
307
342
348

1*562
1*984
3*139
3*988
4.320

332
518
769
920
1*009

940
1*472
2*666
3.531
3*981

710
881
652
655
626

1950
1951
1952
1953
1954

24.591
30*479
33*054
36,420
37.671

11*647
15*819
17,111
18.290
18.476

704
621
917
745
1*055

441
496
495
563 '
612

356
390
401
414
428

4.953
5.645
6.114
6.639
7.134

1.0Z6
1*189
1*270
1,390
1.547

5*053
5,759
6,335
7,916
8*083

748
969
905
1,001
910

1955

39.422

17*979

890

679

483

8*051

1*832

8*916

1,182

1940
1941
1942
1943
19*4

9.156
10*897
10.860
9.173
11*213

1945
1946
1947
1948
1949

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., Jbefore deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Continental United States

39

Table A-2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

1896
1897
1698
1899

464
484
555
652

274
279
304
346

22
24
29
36

168
181
222
270

801
982
1*129
1*428

89
101
112
229

1900
1901
1902
1903
1904

775
885
945
1*025
I f 091

418
450
460
486
514

41
51
57
63
67

316
384
428
476
510

1,400
1,681
1.665
1.633
1,740

1905
1906
1907
1908
1909

Ii204
It240
1*361
1*518
1.594

527
562
587
679
705

76
78
93
105
157

601
600
681
734
732

1910
1911
1912
1913
1914

1.575
1.724
1.822
1.845
1.870

712
717
745
752
764

149
164
179
175
176

1915
1916
1917
1918
1919

2*025
2*319
2.961
3*836
4.809

749
703
1*043
2*025
2*941

1920
1921
1922
1923
1924

4.048
3.919
4.514
5.027
5.103

1925
1926
1927
1928
1929

5*7.pjT.837
6.388
7.141
6.651

1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944

6 8 75_
Tib' 6?"
7,183
7 fi 31 58^

Trmi

10^69Jt

frt9

12.097
11*618
12*528
12.882

Yzr^fsr
18*584
33.632
42*130

1945
1946
1947
1948
1949

8
JS4J&

*5T?809

1950
1951
1952
1953
1954

44,132-,

44.218
41.395
41.012

4trm5

42.962
41,429
44.808

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Currency
and
coin
0

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

363
435
493
512

349
446
524
687

117
119
130
121

3,354
3*563
3,978
4*709

180
326
269
250
172

529
567
597
581
689

691
788
819
802
879

125
128
131
186
197

4*944
5.674
6*007
6*265
6.653

1*982
2,071
2,157
2,264
2.496

296
345
306
271
338

679
681
721
869
926

1.007
1.045
1.130
1.104
1.232

211
234
292
289
289

7,325
7.781
8,472
8,710
9,365

714
643
896
918
930

2.549
2.691
2,714
2,659
2*770

483
317
295
295
358

865
996
996
968
1*022

1*201
1.376
1*423
1*396
1*390

314
331
349
368
394

9*892
10,378
10*857
11*032
11*477

245
278
315
320
322

1,031
1*338
1*603
1.491
1,546

2*695
3*352
3.739
3,570
4*395

250
522
530
596
1,183

857
618
752
382
424

1*588
2.012
2.457
2*590
2.786

407
482
595
779
996

11*790
13*920
16*231
16*262
21*105

2.137
1.917
2,240
2.655
2.446

338
393
414
401
505

1573
1,609
1*660
1*971
2,152

4.493
3.535
3.969
3,660
4*455

1*406
1*106
1*251
1,023
1,468

449
373
325
290
345

2.636
2.056
2.393
2.347
2*642

1*227
1*045
959
989
1*012

23*267
20*475
20,633
21,454
22,525

2.512
2.466
2.593
2*886
2*801

594
647
743
839
636

2,595
2,724
3*052
3,414
3*012

4,789
4.768
4.978
4.736
4.279

1,605
1,568
1,635
1,412
1,228

359
359
363
314
297

2,825
2*861
2,960
3,012
2,754

1*170
1.255
1.240
1.465
1.525

24,252
25,202
26,455
28,265
27,260

2.746
3,251
3,3^7
4,026
5,847

893
1.107
1,114
1,158
1,225

3,234
3.304
2*722
2,174
2.259

5.408
4.988
3,430
4*110
5,688

1,808
1,262
692
764
633

340
367
336
286
350

3*260
3*359
2.452
3*060
4.705

1.671
1.616
1,390
1,243
1,154

28,628
27,430
22,318
20*613
23,854

7,164
6*435
6*206
7.973
8,753

1.396
1535
1,462
1,424
1,691

2*138
2,489
2.429
2*221
2,064

6*857
6,368
8,365
9,438
11*061

689
1.236
1,284
1,107
1.257

402
528
441
525
527

5.766
6.604
6.640
7.806
9*277

1*101
1.067
1.013
945
977

26*009
29,643
30*272
30.317
33*119

9,094
11,111
14,878
30,102
38*640

1*926
2,016
1,956
2*022
2*029

1*862
1.795
1*750
1.508
-1*461

13*857
14,496
14*274
15,154
15*998

960
1*512
1*671
2*258
2*509

575
703
715
793
803

12.302
12*281
11*888
12*103
12.686

921
913
846
824
802

36.816
41.228
44*584
58*783
70*143'

47,051
47,271
39,271
36,092
35,487

2,196
2.451
2*898
3.204
3.406

1,561
2.037
2*049
2*099
2,119

17,544
18,607
19,341
20,415
20,324

2*184
3,004
3*558
3,829
3.692

601
788
966
1.105
1*077

14.559
14.615
14*817
15*481
15.555

770
813
826
.028
.012

81.491
85.696
83,149
65*061
64*653

37,548
32.965
34.604
32.956
35,757

4,286
4,959
5,800
6,209
6.941

2,296
2.611
2.578
2.262
2,110

19,914
22,196
23,927
24,279
24,635

4,334
4*616
5*271
5.547
5*489

946
968
1.239
1*336
1.369

14*634
16.614
17,417
17,396
17,777

.054
,182
.290
*290
1*493

89*691
94*394
101,253
103,418
108*607

7.011

16*121

107.736

40

Continental United States

National Banks Table A-2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Deposits

\/

Year
Total

Interbank

Government

Other

Other
time

1696
1897
1898
1899

2*141
2.386
2.799
3.599

454
597
720
933

16
16
53
76

1*603
1*700
1.943
2*443

68
73
83
87

1900
1901
1902
1903
1904

3.621
4.249
4.4 67
4.561
4.834

1.063
1.207
1*243
1.212
1*412

99
99
124
147
110

2,361
2*811
2*945
3.026
3,113

98
132
155
176
199

1905
1906
1907
1908
1909

5.406
5.691
6.188
6*328
6.932

1.547
1.545
1*686
1*823
2.037

75
90
180
130
70

3.538
3*766
3*890
3.850
4,082

246
290
432
525
743

1910
1911
1912
1913
1914

7.254
7.673
8*061
8,140
8*560

1900
2.147
2*178
2,120
2*186

54
48
58
49
66

4,266
4,394
4,611
4*603
5.107

1*014
1*084
1*214
1*368
1*201

1915
1916
1917
1916
1919

8.817
10.872
12.767
14.015
15.935

2*208
2.713
3*025
2,796
2,974

46
39
133
1*036
565

5*235
6*391
7*430
7*840
9*612

1*326
1*729
2*179
2*343
2*784

1920
1921
1922
1923
1924

17.159
15*142
16*323
16*899
18*349

2,824
2,132
2,482
2*384
2.794

174
247
102
191
121

10,676
9*068
9*628
9*570
10,175

3*485
3*695
4*111
4*754
5*259

1925
1926
1927
1928
1929

19*912
20*644
21.778
22.645
21*586

2.855
2.864
2.620
2.701
2*219

106
143
138
184
226

11*028
11*325
11,507
11*466
10*908

5*923
6*312
7.313
8*294
8*233

1930
1931
1932
1933
1934

23,235
22,164
17,428
16,742
19,896

2*850
2*862
1*814
2*000
2*767

170
234
212
448
887

11*682
10*653
8*196
6*141
9,469

8*533
8*415
7*206
6*153
6.773

1935
1936
1937
1936
1939

22,477
26,153
26,716
26*763
29.416

3,410
4*167
3,790
4*210
4.881

435
690
377
392
500

11*517
13.786
14*785
14,210
15*999

7*115
7*510
7*764
7*951
8*036

1940
1941
1942
1943
1944

33,014
37*273
40*533
54.5 90
65.585

6*083
6*589
6,497
7*156
7,402

537
516
1*146
4*542
10*746

18*189
21*812
24.737
33*715
36*214

6*205
6*356
8*153
9*177
11*223

1945
1946
1947
1948
1949

76,534
80,212
77,146
78,753
78.219

8,251
7,616
7*432
7*305
6.945

13*138
7,646
843
1*327
1*417

40*636
47*356
49*932
50*680
50*130

14*507
17*392
18*939
19*441
19*727

1950
1951
1952
1953
1954

82.430
86.589
92,7 19
94,475
99*358

7,362
7*625
8,584
8,594
9.750

2*363
3*670
3*629
2*434
3.576

52*746
55*014
58,862
60*166
60,826

19*957
20*060
21*644
23*261
25206

1955

96*631

3*099

60.917

Continental United States

41

Table 4-2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Year

Nat onal
ba k
no.es

Borrowings

fWmr
IU&

Surplus and
other
capital
accounts

^^

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

28
15
15
8

199
196
190
199

3
4
19
16

651
632
622
605

332
330
333
342

3.354
3.563
3*978
4*709

3*689
3*610
3*581
3*582

1900
1901
1902
1903
1904

17
18
23
29
30

265
319
309
359
399

27
26
24
51
41

622
645
702
743
767

392
417
482
542
582

4*944
5.674
6*007
6.285
6*653

3.731
4*163
4*532
4*935
5*330

1905
1906
1907
1908
1909

27
37
39
42
28

445
511
547
613
636

41
52
95
60
41

791
825
883
918
933

615
665
720
749
795

7.325
7.781
8.472
8.710
9.365

5*664
6.047
6.422
6*817
6*886

1910
1911
1912
1913
1914

70
46
59
73
91

675
681
708
722
722

43
46
46
52
55

989
1*019
1*033
1*056
1*058

861
913
950
989
991

9*892
10*376
10*857
11*032
11*477

7*138
7*270
7*366
7*467
7*518

1915
1916
1917
1918
1919

98
69
320
799
1.363

722
675
660
601
677

48
202
287
518
768

1*068
1*065
1*082
1*098
1.118

1*037
1,037
1*115
1.151
1*244

11*790
13*920
16*231
18*262
21.105

7*597
7.571
7.599
7.699
7.779

1920
1921
1922
1923
1924

2t071
1*437
444
676
310

688
704
725
719
729

728
397
294
286
222

1*224
1*273
1*306
1*328
1*333

1.397
1.522
1.541
1*546
1.582

23*267
20*475
20*633
21*454
22*525

8*024
6*150
8.244
8.236
8*080

1925
1926
1927
1928
1929

395
425
372
808
764

648
6!>1
630
649
649

328
394
418
594
589

1*369
1.412
1*473
1.593
1*626

1*600
1*676
1*764
1*976
2*046

24.252
25*202
26*455
28*265
27*260

8.066
7*972
7,790
7*685
7.530

1930
1931
1932
1933
1934

237
164
546
127
20

649
636
649
727
695

738
717
421
367
248

1*740
1,684
1*566
1,512
1,734

2*229
2*065
1,708
1.336
1.261

28*828
27*430
22*316
20*813
23*854

7*247
6,800
6*145
4*697
5.417

1935
1936
1937
1938
1939

9
3
9
10
3

222

221
327
342
278
318

1*806
1,688
1,578
1*569
1*559

1.274
1.472
1*627
1*697
1*823

26*009
29*643
30*272
30*317
33.119

5*425
5,368
5.293
5.242
5.203

1940
1941
1942
1943
1944

3
2
2
4
6

331
363
378
373
451

1*531
1*520
1*504
1*494
1*550

1.937
2*070
2*167
2*322
2.551

36*816
41*226
44 584
58*783
70*143

5.164
5,130
5,101
5*060
5*036

1945
1946
1947
1946
1949

5
24
28
43
14

491
600
679
752
805

1*620
1*679
1*766
1.800
1,904

2*841
3.183
3.530
3.733
3*911

81*491
85*698
83*149
85*081
64*853

5*015
5*012
5*012
4*996
4*967

1950
1951
1952
1953
1954

29
33
42
46
29

1,052
1*268
1*613
1.677
1*534

1*975
2*062
2*198
2*259
2*366

4.205
4.442
4.661
4,961
5.320

89*691
94*394
101*253
103*418
108*607

4.971
4.946
4.925
4.874
4.834

1955

72

1.319

2*416

5,296

107*736

4*743

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

42

Continental United States

State Commercial BanksTable A-3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Loains

.cans
Year
Total

Real
estate

All
other

Collateral

1896
1897
1898
1899

1.770
1.723
1.897
2*210

418
399
401
421

644

708

655
756
976

669
740
813

1900
1901
1902
1903
1904

2.421
2.854
3.275
3.611
3.674

457
513
581
661
718

.057
,350
,569
,681
,559

1,125

1905
1906
1907
1908
1909

4.292
4,778
5.148
4.604
5.029

829
979

1,946
2,044
2.117
1,733
1.953

1910
1911
1912
1913
1914

5.618
5*822
6*267
6*661
6.973

1915
1916
1917
1918
1919

7,171
8*300
9.645
10.494
11.912

1,060
1.052
1*141
1.327
1*448

1,602
1*733

1,698
1,809
1.961
2.210
2.299
2.425

Year
Total

Real
estate

Collateral

All
other

1,397

1920
1921
1922
1923
1924

15*063
14*410
13.849
15.620
16.323

2,995
3,074
3,300
3,780
4,175

4,925
4,644
4,582
5.122
5.349

7*143
6,692
5,967
6.718
6,799

1,517
1,755
1,971
1,819
1,935

1925
1926
1927
1928
1929

17.630
18.762
19.083
19.567
21,308

4,636
5*056
4,930
4,908
4,901

5,993
6,403
6*817
7.289
8,095

7,001
7,303
7,336
7,370
8.312

2,120
2,097
2,212
2.246
2,169

2,171

1930
1931
1932
1933
1934

20,169
16,145
11.735
8.355
8,039

4,678
4.177
3.342
2.880
2.335

7,819
6,156
3,891
2.494
2,636

7,672
5,812
4,502
2,961
3,068

2.393
2.929
3.413
3,492
4,421

2*969

1935
1936
1937
1938

7,597
7,852
8,674
7,811

2,200
2.164
2.224
2,241

2,405
2,420
2*516
1*861

2.992
3,268
3,934
3,709

907
991

1*269

2,277
2,453
2,680
3*106

3,410
4.022
4,703
5*066

Loans1
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farm land

To
others

1939

On
residential
property

Other
loans
to
individuals

Other

1,751

318

1940
1941
1942
1943
1944

3,237
9,427
9.369
6,500
9,816

3,3)6
4,000
4,141
3,445
3,650

1,332

1.001

1945
1946
1947
1948
1949

11,329
12,690
14,915
17,622
18,522

3,829
5,050
6*679
8*111
7.908

1 794
1,254
754
666
1*290

1,754
1*261

1950
1951
1952
1953
1954

20,208
24*341
26*180
28*606
29,664

8.197
10.955
11.853
12*802
12,787

1*168
1,001
1,195

1955

35,759

15,284

306
368
391
775

374
368
331
377

,516
,665
.774
.726
689

636
544
462

315
398
477
535
550
583
635
657
664
707

4.467

1,407

492
526
470
511
644

1*969

934

776

6,954

975

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to
the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

329
335
322
297
296

All
other

1.689
2.128

2.854
3.545
3.826
5,142

5,362
5,781

5,978

554
570
542
482
427

1,842
2,121
1,868
1,076
1,074

322
345

420
579
763
903
970

1,217
1.656
2.310

2.954
3.269

311
344
442
497
422

026
.143
,215
,322
,432

4,057
4.594
5*082
6*192
6,378

473
653
703
73.6
747

7,447

1,246

1,680

Note.In this table blanks indicate that amounts are either less than
$500,000 or zero.

Continental United States

43

Table A-3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Investments
Year

U.S.
Government
obligations

Total

Cash assets

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
^and
*coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

355
402
447
555

75
79
81
88

80
89
100
121

200
234
266
346

528
622
671
636

46
52
40
111

187
203
208
220

295
367
423
505

160
165
178
179

2*813
2.912
3.193
3.780

1900
1901
1902
1903
1904

635
791
877
991
1.135

88
75
57
56
48

128
139
143
160
192

419
577
677
775
895

874
1.059
1*046
1*073
1*326

96
195
108
96
119

227
264
264
283
325

551
600
674
694
882

185
193
222
230
247

4*115
4.697
5.420
5.905
6.382

1905
1906
1907
1908
1909

1.319
1.322
.383
.394
.559

44
35
29
27
28

210
200
223
230
256

1,065
1,087
1*131
1,137
1.275

1.339
1.431
1*549
1*621
1*843

149
175
181
159
226

321
354
399
463
527

869
902
969
999
1,090

267
289
310
335
349

7.217
7*820
8*390
7.954
6*760

1910
1911
1912
1913
1914

.581
*708
.854
.851
1.991

24
26
29
19
18

260
302
351
360
389

1*297
1.380
1,474
1*472
1*584

1.838
1*960
2*045
2*022
2*160

274
201
200
195
230

556
561
564
580
593

1.008
1*218
1.281
1,247
1,337

395
431
472
490
555

9.432
9*941
10,638
11*024
11.679

1915
1916
1917
1918
1919

2*131
2*551
2*876
3*643
4i711

17
37
257
1.018
1.922

419
508
548
605
625

1*695
2*006
2*071
2.020
2*164

2.397
2796
3.271
3.043
3*666

183
254
238
271
553

596
644
712
483
517

1*616
1*896
2*321
2*239
2*596

617
650
779
910
1*068

12*316
14.297
16,571
18.090
21.357

1920
1921
1922
1923
192*

.350
*441
.846
.297
*576

501
*345
607
.948
813

607
650
732
780
878

2*242
2.446
2*507
2*569
2*885

3,771
3.236
3*633
3.717
4*332

601
560
737
654
1*036

562
482
451
453
510

2.608
2*194
2*445
2*610
2*786

1*058
1*107
1*145
1.244
1.381

24.242
23*194
23.473
25.878
27.612

1925
1926
1927
1928
1929

6*05^
6.387
6.777
7.324
7.032

1.942
1.948
1.900
2*044
2*071

933
1.076
1.170
1.160
1.117

3.180
3.363
3.707
4*120
3*844

4*874
4*780
4*924
4*478
4.725

1.149
1*115
1*255
997
1*165

534
552
530
455
444

3*191
3*113
3*139
3*026
3.116

1.591
1*650
1*734
1*929
2*116

30*150
31.579
32*518
33.298
35.181

7.517

2*126
2.760
2.903
3.469
4.477

1*218
1*327
1.185
1*109
1*135

4.173
3.937
3.006
2*141
2.129

5*502
5.029
3.490
3.259
3.959

1*851
1*264
680
742
463

459
449
379
296
292

3*192
3*316
2*431
2*221
3.204

2*109
2*369
1*666
1*365
1*385

35*297
31*587
23*985
19*698
21,124

10*042
9*491
10.476

5.614
6.909
6.377
6.108
6*986

1.293
1*338
1*338
1.355
1.595

2*130
2*371
2*327
2*028
1.895

4*941
6*129
6*627
7*361
8*792

536
966
973
846
. 993

327
417
434
412
423

4*078
4.744
5*220
6*103
7,376

1*321
1*330
1.292
1.205
1.177

22*896
25.929
26.635
25,868
28.303

10.9JQ
T27398
14*848
25.389
32*655

7,503
9*028
11*562
22.393
29*841

1.685
1*655
1*608
1*496
1*443

.723
,715
.678
500
.371

10*769
11.322
10*569
10*821
11.664

618
1.004
1.020
1.292
1.617

461
587
618
692
700

9.690
9,731
6*931
8.637
9.347

1.071
981
905
829
754

30.988
34,126
35*691
45.539
54,889

flfO609
34*858
32*595
31.738

37.085
37,278
31*262
28*707
27.734

1*582
1*631
2*067
2*384
2.523

*441
,700
.529
1.504
1.481

12*613
13.811
13.363
13.753
13.844

1.218
2.249
2.273
2.209
2*410

709
723
884
998
995

10*686
10.839
10,206
10,546
10,439

704
700
689
748
748

64,754
67,610
63*825
64,718
64*852

1950
1951
19S2
1953
1954

32*64Ll
30*690
32.222
31.503
34*238

28,205
25*556
26.574
25.687
27.750

3il04
3*555
4*044
4*324
4(990

1.532
1,579
1,604
1,492
1,498

13,355
15.187
16,775
16*678
16.933

2.478
2.793
3.348
3*279
3.391

883
905
1.156
1,254
1*290

9*994
11*489
12.271
12*345
12*252

619
891
987
1.022
1*139

67.223
71.109
76*164
76*009
81*974

1955

36.189

28.599

5(774

1.816

16.134

4,357

1,317

12*460

1.426

91*508

1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949

s~. 6 zC
7.094
6719_

/ 1 /4T"
9*037

lU.tlff

4p,|ga
1

Note.In this table blanks indicate that amounts are either less than
$500,000 or zero.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

44

Continental United States

State Commercial BanksTable A-3

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figur s as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Deposits

Year
Total

Interbank

1896
1897
1898
1899

2*. 001
2,101
2,376
2*934

1900
1901
1902
1903
1904

3,171
3,864
4,246
4,5 46
4,905

198
230
256

1905
1906
1907
1908
1909

Other
demand

Q^imt

Other
time

116

1.241

152
194

1.299
1.488
1.652

644
673
736
888

344

1.984
2.467
2,595
2.745
2.944

989
1*167
1,395
1,534
1,617

5,622
6,101
6,539
6*096
6,857

362
362
409
390
455

3.360
3.637
3.816
3,530
4.033

1*900
2*102
2,312
2*176
2,369

1910
1911
1912
1913
1914

7,390
7,780
8*394
8*667
9,246

404
486
458
464
534

4,260
4,232
4,605
4*646
5*198

2.706
3*062
3*331
3,557
3*514

1915
1916
1917
1918
1919

9,794
11*742
13,7 33
14,693
17*319

603
797

3,723
4*419
5*076
5*358
6*326

1920
1921
1922
1923
1924

129

267

989

13

922
975

506
349

5,468
6,526
7,655
7,907
9,669

19,523
18,289
19,210
21,276
22*994

904
771
871
1,032
1,453

88
158
56
115
64

10,895
9,858
10,479
11*259
11,894

7*636
7,502
7,804
8*670
9*583

1925
1926
1927
1928
1929

25*318
26.307
26,926
26*9 37
27.799

1*476
1,425
1,708

76
92
95

1*755

149

13,296
13,668
13,749
13,392
14,252

10*470
11122
11,374
11*874
11*643

1930
1931
1932
1933
1934

28,032
25,113
18.229
15,337
16,914

2,279
2,288
1,509
1*467
1*814

128
213
221
410
848

13,966
11,916
8,914
7.879
8*327

11*659
10*696
585
581
,925

1935
1936
1937
1938
1939

18,965
21,965
22*629
22*0 51
24,478

2*234
2,735
2.547

386
454
292

3.338

289

10*214
12*311
12.793
12.177
13*692

,151
465
6,997
7*042
7,159

1940
1941
1942
1943
1944

27,233
30.3 15
31.860
41.586
50,650

4.085

287

15*458
18*103
19,874
25*947
28*039

7,403
7*641
7*515
8*423
10*047

1945
1946
1947
1948
1949

60,193
62,830
58,786
59,4 08
59,319

31*888
37*468
38*097
38*074
37.870

12,724
15,104
15,917
16,353
16,571

1950
1951
1952
1953
1954

16,773
16,721
176B9
19*015
20475

1955

21*574

1,581

2,628

90

204

4,339

232

3*781
3*732
3*796

690
3,484
8,766

4*335
4,493
4,249

11*246
5,765
523

3,993

885

61,416
64,886
69.6 45
71.073
74,706

4,073
4,321

1,436
2459

5,004
5.747

1,506
2.315

39.134
41.385
44.540
45,548
46,169

82*881

6,928

2*.315

52,064

For note sue opposite page.

4*131

4*927

850

2*489

Continental United States

45

Table A-3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Year

Nat onail
ha
no"

Borrowings

otliatiUties

Surplus and
other
capital
accounts

^P*31

Total
liabilities
and capital
accounts

Number
of
banks

1896
1*97
1696
1899

16
19
13
16

50
49
57
58

483
471
469
475

263
272
278
297

2,813
2,912
3,193
3*780

7,765
7*828
7,949
8,253

1900
1901
1902
1903
1904

23
26
26
27
31

56
73
66
62
67

516
546
626
697
762

349
368
456
573
617

4*115
4*897
5,420
5*905
6*382

8*696
9,261
9,956
10*879
11,707

1905
1906
1907
1906
1909

36
48
76
68
68

121
101
104
93
81

782
848
687
910
949

656
722
764
787
825

7,217
7.820
8.390
7.954
8*780

12*488
13,739
14*939
15*714
16*212

1910
1911
1912
1913
1914

92
94
96
120
147

106

ItOOO

156

1,008

177

165
165

1*036

1.099
1*126

844
903
935
973
995

9*432
9*941
10,638
11,024
11,679

17,376
17,913
18,478
19,197
19,718

1915
1916
1917
1918
1919

132
104
121
513
845

208
186

1*149
1*192

302
390
541

It272
1*329
1*386

1,033
1*073
1*143
1*165
1*266

12*316
14,297
16.571
18*090
21.357

19,793
20,166
20,699
21.157
21,368

1920
1921
1922
1923
1924

1.133
1*198
571
605
456

608
566
496
651
656

1*553
1*673
1*677
1*752
1*792

1*425
1*468
1,519
1.594
1*714

24.242
23,194
23,473
25,878
27,612

22,267
22,306
21*676
21,593
20.906

1925
1926
1927
1928
1929

455
504
479
785
944

709
834
956

1*844
1*926
1*967

1*177

2.017

1*824
2*008
2*188
2*362
2*849

30*150
31,579
32.518
33.298
35*181

20*376
19*770
18*860
18*113
17.440

1930
1931
1932
1933
1934

3*092
2.933
2,418
1*909
1*854

35.297
31.587
23.985
19,698
21,124

16,432
14.854
12,589
9.310
9,931

1,766
1,641
1,935
1,869
1*954

22,896
25,929
26,635
25,868
28.303

10*063
9*961
9*601
9*625
9.464

1*975
2,050
2*101
2*233
2,442

30,988
34,128
35,691
45,539
54,889

9.370
9.304
9.252
9,137
9,102

2,708
3,014
3*056
3*203
3,391

64,754
67.810
63,625
64,718
64,852

9,111
9,140
9,170
9,191
9,164

67,223
71,109
76,164
78,009
61,974

9,175
9,161
9*144
9,131
9,102

91*508

9,037

1*332

2*257

524
317
720
395
143

1*393
1*160

2*256
2*064

825
626
437

.793
*431
,776

1935
1936
1937
1938
1939

52
47
37
25
20

338
373

,735
,703

369

*645

291

560

1940
1941
1942
1943
1944

16
13
14
24
80

248
259
234
224

1*516
1*491
1,482
1.472

248

1*469

1945
1946
1947
1948
1949

64
62
35
22
16

307

1*482

1950
1951
1952
1953
1954

21
42
52
68
26

578
735

746

1,729

613
689

1*800
1*864

3,601
3,782
3*992
4,255
4,489

1955

78

1*357

2,129

5*063

614

289

388

1*516

422
536

1*526
1*549

550

Note.In this table blanks indicate that amounts are either less than
$500,000 or zero.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1.576
1*607
1*664

46

Continental United States

Mutual Savings BanksTable A-4

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Loans

Loans

Year
Total

84
77
77
97

62
66
61
59

858
901
948
999
1*049

109
114
130
141
133

60
65
65
65
64

1*121
1*202
1*282
1*326
1*349

133
154
153
129
125

66
73
74
64
59

685
2*001
2*085

1*500
1*570
1*677
1*780
1*866

134
134
138
150
140

60
69
70
71
79

2*143
2*196
2*321
2*292
2f318

1*916
1*986
2.109
2*094
2*100

144
148
145
131
141

83
62
67
67
77

1898
1899
1900

1.027

1901

uoeo

1902
1903
1904

1*143
1*205
1*246

1905
1906
1907

1*320
1*429
1*509

1908
1909

*533

1910

694

1911

.773

1914
1915
1916
1917
1918
1919

Total

728
752
777
815

874
895
915
971

1696
1897

1912
1913

S5,

C*

SSL

Year

*519

1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938

co'" -

SSL

<z

2*627
2*650
2*961
3*337
3*753

2*291
2*502
2*715
3*086
3*529

210
199
165
168
146

126
149
61
83
76

4*155
4*574
5*017
5*458
5*830

3.923
4.325
4*760
5*171
5*483

162
184
194
228
282

70
65
63
59
65

5.947
6*108
6*071
5*680
5*590

5*635
5*869
5.903
5,752
5,480

261
191
126
97
83

51
48
40
31
27

5*289
5*040
4*965
4*905

5.196
4*956
4,864
4,826

70
58
51
47

23
26
30
32

Loans'

Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate
On
farm land

To
others

On
residential
property

Other
loans
to
individuals

Other

21

17

3,871

912

1940
1941
1942
1943
1944

4.917
4.949
4*815
4*575
4*405

30
34
29
20
20

14
12
9
8
6

30
26
28
25
24

3*904
3.921
3*625
3.646
3*519

901
909
890
651
806

1945
1946
1947
1948
1949

4.299
4*347
4*686
5*234
6*050

25
26
29
35
36

5
4
3
2
2

24
24
26
32
39

3*422
3*457
3*775
4*349
5.108

793
600
800
974

1950
1951
1952
1953
1954

7*203
9*020
10.509
12*092
13*890

42
26
30
34
48

2
3
3
4
5

44
46
48
50
55

6.147
7.833
9.145
10.574
12.181

1955

16.172

41

59

14.339

1939

' Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to
the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

All
other

20
22

38
45
34
5
6

1.026

24
29
35
53
60

6
7
18
9
6

1.138
1*258
1*361
1*468
1*645

69
91
94
110
123

7
10
7
9
18

1*775

133

24

Note.In this table blanks indicate that amounts are either less than
$500,000 or zero.

Continental United States

47

Table A-4 Mutual Savings Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

1896
1897
1896
1899
1900
1901
1902
1903
1904

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in pr ocess
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total

482
508
544
561

230
252
277
347

91
99
115
117

1
1
1

18

1*047

158
156
147
139

17
17
17

73
81
97
99

46
47
50
55

1.881
1.957
2*048
2*190

1*134
1*215
1*277
1*325
1*370

105
78
62
46
38

567
595
624
652
657

462
542
591
627
675

121
125
124
122
135

1
1
1
1
1

18
17
16
16
17

102
107
107
105
117

46
46
55
59
63

2*326
2*466
2*599
2.711
2*814

1905
1906
1907
1908
1909

1*452
1.517
1*540
1*544
1*593

30
22
20
16
14

673
694
684
682
719

749
801
836
846
860

134
133
142
158
159

1
1
1
1
2

17
16
21
22
16

116
116
120
135
139

63
60
61
60
59

2*969
3.139
3*252
3*281
3*344

1910
1911
1912
1913
1914

1*684
1*705
1*764
1*803
1*840

13
12
13
12
12

765
759
750
804
642

1*001

906
934

987
986

156
170
167
172
196

1
1
1
1
3

20
15
16
16
21

135
154
150
155
172

64
56
61
71
73

3*598
3.706
3.877
4.047
4.194

1915
1916
1917
1918
1919

1825
1*963
2*089
2*131
2*503

11
14
50
200
561

813
851
864
783
748

1*001
1*098
1*175
1146
1*194

208
237
240
224
225

2
2
2
3
4

24
24
26
23
24

182
211
212
198
197

81
84
89
96
95

4,257
4*480
4.739
4.745
5*141

1920
1921
1922
1923
1924

2*646
2*809
2*968
3*150
3*164

783
939
971

650
680
697
670
677

1*213
1*190
1.300
1*364
1*365

225
209
228
218
247

3
3
3
3
4

26
24
31
27
27

196
182
194
188
216

88
96
105
107
120

5*586
5*964
6*262
6*812
7.284

1925
1926
1927
1928
1929

3*302
3*337
3*464
3*661
3*621

1*076

709
758
827
900
905

1*517
1*609
1*805
2*043
2*112

240
236
255
238
219

4
4
4
4
3

27
26
28
28
30

209
208
223
206
186

134
149
164
180
203

7.831
8*298
8*920
9*557
9*873

1930
1931
1932
1933
1934

3*697
4*287
4*129
4*047
4*190

499
590
687
733
984

920
957
911
896

2*278
2.659
2*485
2*403
2*310

291
388
437
425
511

4
5
5
5
5

32
35
51
59
50

255
348
381
361
456

229
269
354
496
647

10.164
11.052
10*991
10*846
10,936

1935
1936
1937
1938
1939

4*441
4*780
5*074
5*158
5*336

1*538
2*049
2*350
2*680
3*040

866
773
793
704
647

2*037
1*958
1.931
1.774
1*649

520
541
527
575
697

4
5
5
5
6

43
48
49
56
64

473
488
473
514
627

796
922
930
907
849

11.046
11*283
11.496
11*545
11.771

1940
1941
1942
1943
1944

247
.348
522
654
545

3*108
3*420
3*880
5*279
7*294

551
536
388
234
156

1*588
1*392
1*254
1.141
1*095

977
966
751
720
533

9
10
9
10
9

74
76
79
78
74

894
880
663
632
450

784
706
567
458
327

11*925
11*969
11*655
12*407
13*810

1945
1946
1947
1948
1949

10*606
12*745
13*654
13*992
14*044

9*572
11.419
12*140
11*976
11.657

102
91
65
79
77

1*134
1.235
1.449
1*937
2*310

582
745
839
632
800

10
15
17
17
19

76
84
84
92
97

496
646
738
723
684

235
164
183
194
211

15,924
18,021
19*362
20*252
21*105

1950
1951
1952
1953
1954

13*989
12.677
12*582
13*033
13*069

11*569
10*205
9.606
9.464
9*017

85
81
234
378
532

2*335
2*391
2.742
3*191
3.520

832
851
966
867
987

31
29
37
28
31

90
99
101
106
118

711
723
828
731
838

228
287
321
341
369

22*252
22*835
24*378
26*333
28*315

1955

12*818

8*676

656

3.486

989

38

119

832

403

30*362

870
916
968

1.112
1*122
970
852
738
604

11.038

NOTE.In this table blanks indicate that amounts are either less than
$500,000 or zero.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

48

Continental United States

Mutual Savings BanksTable A-4

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]
Deposits
Year
Total

U. S.
Government

Interbank

Other
demand

Other
time

1896

1*717

1897
1898
1899

1.785
1.670
2 ,OOO

1900
1901
1902
1903
1904

2*129
2*261
2*390
2.505
2*602

1
1

2*129
2*261
2*390
2*504
2*601

1905
1906
1907
1908
1909

2.744
2.911
3.032
3*016
3.094

1
1
1
2
3

2*743
2*910
3*031
3*014
3*091

1910
1911
1912
1913
1914

3.306
3*407
3*558
3.715
3.859

2
4
3
3
3

3*304
3,403
3,555
3.712
3*856

1915
1916
1917
1918
1919

3.893
4*124
4,355
4*353
4.728

3
3
3
4
4

3.889
4*120
4.352
4.348
4,723

1920
1921
1922
1923
1924

5,157
5.503
5*695
6*202
6.618

1925
1926
1927
1928
1929

7.071
7,465
7,996
8,555
8.884

7
17
9
7
9

7.064
7.448
7987
,546
875

1930
1931
1932
1933
1934

9.099
9,910
9,911
9,606
9.670

11
4
3
3
3

,088
,906
,908
,603
,667

1935
1936
1937
1936
1939

9.609
9.950
10.141
10.186
10*409

2
4
5
11
3

9*807
9,946
10,136
10,175
10.406

1940
1941
1942
1943
1944

10.608
10*624
10.372
11*122
12*449

3
4
3
6
6

10*605
10*620
10*366
11,115
12*440

1945
1946
1947
1946
1949

14*400
16*251
17*442
18*211
18*949

1
2
2
3
2

9
14
14
15
15

14,390
16,235
17,425
18,193
18,932

1950
1951
1952
1953
1954

19.943
20*404
21*783
23*628
25.440

1
2
2
3

2
2
2
2
3

19
18
24
35
46

19*922
20*383
21,755
23*589
25,388

1955

27.334

51

27,277

For notu sw: opposite pape.

1
1
1
1

5*149
5.495
5.689
6,196
6*612

1
1
1

1.717
Ii784
1*670
2 000

Continental United States

49

Table A-4Mutual Savings Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in millions of dollars]

Year

National
bank
notes

Borrowings

Q,,
liabilities

., ,
CaP1*81
r

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

NumhNumber
<*
oanKs

1896
1897
1896
1899

1
1
1
2

163
171
177
188

1.881
1*957
2*048
2*190

638
641
633
624

1900
1901
1902
1903
1904

2
2
2
1
3

197
203
207
205
209

2*328
2*466
2*599
2*711
2*814

626
630
624
619
622

1905
1906
1907
1908
1909

3
3
2
2
1

222
225
218
263
249

2*969
3*139
3*252
3*281
3*344

615
621
625
630
636

1910
1911
1912
1913
1914

2
8
4
4
2

290
291
315
327
333

3*598
3*706
3*877
4*047
4*194

637
632
628
621
628

7
5
7
19
16

356
351
376
371
395

4*257
4*480
4*739
4*745
5*141

627
623
621
624
620

1
1
1

8
11
11
12
13

420
449
555
598
653

5*566
5*964
6*262
6*812
7*284

618
620
616
615
613

1915
1916
1917
1918
1919
1920
1921
1922
1923
1924

1
1
1
2
2

"

1925
1926
1927
1928
1929

1
1
2

11
13
14
15
16

748
820
909
986
971

7*831
8*298
8.920
9*557
9.873

610
608
605
603
598

1930
1931
1932
1933
1934

1
4
16
16
6

U
13
23
28
21

1*053
1.125
1*041
1*198
1*241

10*164
11*052
10*991
10*848
10*936

594
586
583
564
565

1935
1936
1937
1938
1939

5
3
3
3
1

19
17
15
19
21

1*213
1*313
1*337
1*337
1.340

11*046
11*283
11*496
11*545
11*771

559
555
552
552
543

25
35
37
41
39

1.292
1*310
1.246
1*244
1*322

11*925
11*969
11*655
12*407
13*810

542
541
536
537
536

48
57
78
86
90

1*475
1712
1*842
1*955
2*065

15*924
18*021
19*362
20*252
21*105

534
533
533
532
530

120
145
157
189
249

2*189
2*285
2.438
2*516
2*626

22*252
22.835
24.378
26*333
28*315

530
529
529
528
528

291

2*757

30*362

528

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955

1
1
1
1

NOTE.In this table blanks indicate that amounts arc either less than
*500,000 or zero.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Appendix B
REVISED SERIES AND FORMER SERIES

PAGE

TABLE B-l. TOTAL ASSETS AND TOTAL CAPITAL ACCOUNTS OF ALL BANKS
IN THE UNITED STATES, 1896-1955

53

TABLE B-2. TOTAL LOANS OF ALL BANKS IN THE UNITED STATES,


BY CLASS OF BANK, 1896-1955

54

TABLE B-3. TOTAL INVESTMENTS OF ALL BANKS IN THE UNITED STATES,


BY CLASS OF BANK, 1896-1955

56

TABLE EA. UNITED STATES GOVERNMENT OBLIGATIONS HELD BY ALL BANKS


IN THE UNITED STATES, BY CLASS OF BANK, 1896-1955

58

TABLE B-5. TOTAL DEPOSITS OF ALL BANKS BY CLASSES AND DEMAND


DEPOSITS ADJUSTED AT ALL BANKS IN THE
UNITED STATES, 1896-1955

60

TABLE B-6. NUMBER OF BANKS IN THE UNITED STATES,


BY CLASS OF BANK, 1896-1955

62

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

TABLE B-l
TOTAL ASSETS AND TOTAL CAPITAL ACCOUNTS OF ALL BANKS IN THE UNITED STATES, 1896-1955
REVISED SERIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
[In millions of dollars]
Total capital accounts

Total assets

Revised
series

June 30

Difference excess (+},


or deficiency ( )
Comptroller
of the
Currency

Federal
Deposit
Insurance
Corp.

Revised
series

Difference excess (+),


or deficiency ( }
Comptroller
of the
Currency

8,048
8,432
9,218
10,679

+494
+610
+609
+774

1,893
1,877
1,878
1,907

+147
+152
+153
+172

11,388
13,037
14,026
14,901
15,848

+607
+714
+707
+644
+695

2,075
2,200
2,473
2,760
2,935

+169
+174
+182
+172
+190

1905
1906
1907
1908
1909

17,511
18,740
20,114
19,946
21,489

+636
+632
+515
+413
+349

3,066
3,285
3,492
3,627
3,750

+172
+170
+165
+120
+110

1910
1911
1912
1913
1914

22,922
24,026
25,372
26,103
27,349

+534
+466
+466
+462
+456

3,984
4,133
4,269
4,443
4,503

+157
+127
+105
+106
+108

1915
1916
1917
1918
1919.

28,363
32,697
37,540
41,097
47,603

+650
+537
+552
+577
+275

4,643
4,718
4,988
5,113
5,409

+120
+124
+130
+123
+103

53,094
49,633
50,368
54,144
57,420

+622
+367
+351
+510
+626

6,019
6,385
6,599
6,818
7,073

+99
+76
+73
+48
+61

1896
1897
1898
1899
1900
1901...
1902
1903
1904

1920
1921
1922
1923
1924

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

. .

. . .

*
i

Total assets

June 30

Federal
Deposit
Insurance
Corp.

Revised
series

Total capital accounts

Difference excess (+),


or deficiency ( )
Comptroller
of the
Currency

Federal
Deposit
Insurance
Corp.

Revised
series

Difference excess (+),


or deficiency ( )
CompFederal
troller
Deposit
of the
Insurance
Currency
Corp.

1925
1Q26
1927
1928
1929

62,232
65,079
67,893
71,121
72,315

+631
+699
+279
+328
+963

7,384
7.841
8,301
8,954
9,750

1930
1931
1932
1933..
1934

74,290
70,070
57,295
51,359
55,915

+1,147
+669
+430
+380
+81

10,372
9,872
8,525
7,388
7,865

1935
1936
1937
1938
1939

59,951
66,854
68,402
67,730
73,193

-103
+34
-91
-102
+44

7,815
8,016
8,123
8,107
8,236

+33
+99
-59
-20
-2

1940
1941
1942
1943
1944

79,729
87,324
91,930
116,729
138,842

+46
+24
+73
+76
+81

8,252
8,441
8,500
8,765
9,333

-2
-10
+9
+6
+17

1945.
1946
1947
1948
1949

162,169
171,529
166,336
170,052
170,810

+104
+141

10,126
11,104
11,719
12,239
12,846

+19
+20

1950
1951
1952
1953
1954

179,165
188,338
201,795
207,760
218,896

1955

229,626

-1

+i'
+6
+2
+2
+2

13,577
14,235
15,038
15,791
16,664
17,663

+76
+82
+77
+109
+138

+145
+96
+40
+56
+65

-2
+2
+1
+1
-1

TABLE B-2
TOTAL LOANS OF ALL BANKS IN THE UNITED STATES, BY CLASS OF BANK, 1896-1955
REVISED SERIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
[In millions of dollars]
CD

All banks

Commercial banks

Difference excess (+), or deficiency ( )


June 30

Revised
series

Comptroller Federal De- Banking and


of the
posit Insur- Monetary
Currency
ance Corp. Statistics >

Mutual savings banks

Difference excess (+), or deficiency ( )

Bowser
and
Pearson *

Revised
series

Comptroller Federal De- Banking aud


posit Insurof the
Monetary
ance Corp. Statistics '
Currency

Difference excess (+), or deficiency ( )


Revised
series

CD

Comptroller Federal De- Banking and


of the
posit Insur- Monetaryl
Currency
ance Corp. Statistics

3,741
3,701
4,060
4,718

+336
+362
+328
+491

874
895
915
971

+28
+18
-5
+20

+420
+488
+476
+519
+570

5,065
5,835
6,521
7,052
7,299

+412
+471
+443
+474
+524

,027
,080
,143
,205
,246

+25
+33
+53
+67
+62

+534
+568
+578
+347
+127

+532
+568
+574
+351
+201

8,220
9,013
9,810
9,243
10,015

+484
+515
+561
+365
+184

,320
,429
,509
,519
,533

+50
+53
+17
-19
-57

12,766
13,228
14,124
14,821
15,502

+273
+217
+211
+230
+206

+239

+273
+216
+211
+231
+245

11,072
11,455
12,239
12,820
13,416

+306
+254
+246
+268
+244

+245

,694
,773
,885
2,001
2,085

-33
-37
-35
-38
-39

-7

15,976
18,263
20,902
22,863
25,132

+264
+382
+302
+370
+201

+318
+283
+380
+489
+442

+323
+291
+377
+459
+409

13,834
16,067
18,581
20,571
22,814

+292
+407
+349
+393
+219

+315
+299
+396
+498
+451

2,143
2,196
2,321
2,292
2,318

-27
-25
-47
-23
-18

+4
-16
-16
-9
-9

1920
1921
1922
1923
1924

31,189
29,236
28,000
30,734
32,030

+734
+735
+551
+749
+926

+457
+309
+373
+462
+621

+350
+248
+250
+336
+489

28,562
26,386
25,040
27,397
28,278

+698
+695
+594
+773
+950

+459
+313
+388
+474
+634

2,627
2,850
2,961
3,337
3,753

+36
+40
-42
-24
-23

-2
-4
-14
-12
-12

1925
1926
1927
1928
1929

34,378
36,658
37,949
39,946
41,944

+937
+983
+1,005
+972
+718

+649
+623
+741
+439
+363

+496
+482
+571
+463
+413

30,222
32,084
32,932
34,488
36,114

+964
+1,033
+1,053
+1.026
+689^

+662
+635
+754
+453
+376

4,155
4,574
5,017
5,458
5,830

-28
-50
-48
-54
+29

-14
-12
-13
-14
-13

1896
1897
1898
1899

4,615
4,596
4,976
5,689

+364
+380
+324
+511

1900
1901
1902
1903
1904

6,093
6,914
7,664
8,257
8,545

+438
+503
+496
+541
+586

1905
1906
1907
1908
1909

9,540
10,442
11,319
10,763
11,548

1910
1911
1912
1913
1914
1915
1916
1917
1918
1919

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

. . .

i.
I

1930
1931
1932...
1933
1934

40,990
35,416
28,071
22,337
21,309

+674
+409
+164
+117

+493
+131
+183

1935
1936
1937
1938
1939

20,240
20,640
22,435
21,033
21,300

-30
61
-96

+27
+4
+25
+51
20

1940
1941
1942 ...
1943
1944

22,311
25,273
25 063
22,248
25,435

-30
-38
15
+6
+16

-HI

1945
1946
1947
1948--.
1949

27,996
31,506
38,365
45,100
47,078

+22
+21

1950
1951
1952
1953
1954

52,001
63,841
69,742
77,117
81,225

1955 . . .

91,353

35 043
29,307
22 001
16,457
15,719

+623
+351
+235
+178

+504
+141
+195
+108

+51
+57
70
-61
-57

11

+19

5 947
6,108
6,071
5,880
5,590

14,950
15 600
17,471
16,128
16 411

+22
+13
-49
-81
-14

+41
+41
+39
+75
-12

5,289
5 040
4,965
4,905
4 889

-53
74
-46
-22
6

-15
-37
-13
-24
8

29
-38
24
+2

17 393
20,324
20 249
17 673
21,029

22
-29
15
+6
+15

21
-29

_|_1

9
-9

+8
+20

4 917
4,949
4 815
4 575
4,405

9
9
_7
6
-9

+17
+20

23,697
27 159
33 679
39 866
41 028

+22
+20

+25
+29

+94
+3

+32

-103

-20

-|_1

+1
+2

+2

+2
+1

+2
+1

+352

+32

+237
+134

+30
-32
-39
-79

44 798
54,821
59 233
65,025
67,335
75 181

+89

16

_j_l

-j-1

+3

+3

+2

+2

4,299
4 347
4,686
5 234
6 050
7 203
9,020
10 509
12,092
13,890

11
11
14

-16

-8
9

+1

+1

+1

16 172

For notes see p. 59.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

t
I
Cn

Oi

TABLE B-3
TOTAL INVESTMENTS OF ALL BANKS IN THE UNITED STATES, BY CLASS OF BANK, 1896-1955
REVISED SEKIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
[In millions of dollars]
Commercial banks

All banks
Difference excess (+), or deficiency ( )
June 30

Revised
series

Comptroller Federal De- Banking and


posit Insur- Monetaryl
of the
ance Corp. Statistics
Currency

Mutual savings banks

Difference excess (+), or deficiency ( )

Bowser
and
Pearson!

Revised
series

Comptroller Federal De- Banking and


posit Insur- Monetary
of the
ance Corp, Statistics i
Currency

Difference excess (+), or deficiency ( )


Revised
series

Comptroller Federal De- Banking and


posit Insur- Monetary
of the
Currency
rance Corp. Statistics l

818
886
1,002
1,207

+8
+45
+72
+54

870
916
968
1,047

+5
+25
+38
+21

+42
+70
+58
-60
-57

1,410
1,676
1,821
2,016
2,226

+40
+69
+70
+23
+12

1,134
1,215
1,277
1,325
1,370

+6
+2
-9
-40
-32

t3
+67

+130

-11
+11
-89
+14
+138

2,523
2,563
2,744
2,912
3,153

+27
+59
+9
+36
+137

1,452
1,517
1,540
1,544
1,593

-1
-6
-14
+31

4,839
5,136
5,440
5,500
5,701

+159
+130
+127
+142
+167

+176

+123
+93
+89
+99
+169

3,156
3,431
3,676
3,697
3,861

+152
+141
+141
+157
+182

+178

1,684
1,705
1,764
1,803
1,840

+8
-11
-14
-15
-15

-2

1915
1916. . .
1917 .
1918. . .
1919

5,982
6,833
7,925
9,609
12,024

+150
+78
-16
+2
+53

+174
+226
+156
+169
+143

+169
+219
+161
+201
+177

4,156
4,870
5,837
7,478
9,521

+194
+114
+28
+45
+42

+202
+227
+159
+171
+124

1,825
1,963
2,089
2,131
2,503

-45
-36
-43
-43
+11

-29
-1
-2
2
+19

1920
1921
1922 .
1923
1924

11,043
11,169
12,328
13,474
13,843

-188
-88
-151
-132
-321

+203
+201
+118
+133
+185

+198
+157
+122
+133
+204

8,398
8,360
9,359
10,325
10,679

-117
-8
-113
-94
-267

+207
+214
+118
+140
+192

2,646
2,809
2,968
3,150
3,164

-70
-80
-39
-37
-54

-3
-13
-1
-6
-7

1925
1926
1927
1928 .
1929

15,056
15,562
16,649
18,146
17,305

-287
-219
-568
-585
-2

+76
+123
+212
-30
-13

+108
+176
+276
+364
+362

11,755
12,224
13,165
14,466
13,683

-237
-151
-529
-514
+152

+82
+131
+220
-21
-3

3,302
3,337
3,484
3,681
3,621

-49
-69
-39
-70
-155

-5
-9
-8
-8
-11

1896
1897
1898
1899

1,689
1,802
1,970
2,254

+14
+70
+110
+75

1900
1901
1902
1903
1904

2,544
2,891
3,098
3,341
3,595

+46
+71

1905
1906
1907
1908
1909

3,974
4,080
4,284
4,456
4,746

1910
1911 . .
1912
1913 .
1914

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

S
-21
+25

I
s.

1930. . .
1931
1932 . . .
1933
1934

18,090
19 973
18,406
18 125
21 262

+188
34
+236
+250
+38

+31
9
-16
+63
+16

+619
+336
+169
+251
+38

14,392
15 686
14,277
14 078
17 072

+362
+154
+302
+306
+105

+39
-1
-8
+70
+30

3,697
4,287
4,129
4,047
4,190

-175
-188
-66
-56
-67

-9
-8
-8
-7
-14

1935
1936
1937
1938
1939 .

24 176
27,857
27 212
26 267
28,339

+30
+82
+31
+15
+40

+42
+81
+57
+37
+43

+31
+78
+30

19 735
23,077
22 138
21 109
23,004

+100
+155
+135
+33
+59

+56
+96
+98
+53
+60

4,441
4,780
5,074
5,158
5,336

-70
-73
-104
-18
-18

-14
-15
-41
-16
-16

1940
1941
1942
1943 . . .
1944

29,040
32 667
38 954
65.674
83 329

+45
+34
+57
+34
+38

+44
+32
+28
+39
+45

23,793
27 319
33 431
59,020
74 784

+60
+48
+55
+33
+41

+59
+47
+44
+53
+62

5,247
5,348
5,522
6,654
8,545

-15
14
+1
+1
-3

-15
-15
-17
-14
-17

101 724
105,163
92 729
87 982
86 794

+56
+70

+63
+76
1

90 917
92,417
79 076
73 990
72 750

+57
+70

+84
+99
_1

10,808
12,745
13,654
13,992
14 044

1945
1946
1947
1948
1949
1950
1951
1952 .
1953
1954

90 962
83 901
87,786
85 965
92 115

1955

92 897

1
+2
_j_l

+2
+1

+2

+2

76 973
71 224
75,204
72 932
79 046

+2

+2

13 989
12,677
12,582
13 033
13,069

80 080

+1

+1

12,818

-1

+1

-20
-24
+1

For notes see p. 59,

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

a-fr^
x

TABLE B-4
UNITED STATES GOVERNMENT OBLIGATIONS HELD BY ALL BANKS IN THE UNITED STATES, BY CLASS OF BANK, 1896-1955
REVISED SERIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
[In millions of dollars]
Commercial banks

All banks

Difference excess (-}-), or deficiency ( )

Difference excess (+), or deficiency ( )


June 30

Revised
series

Banking and Federal DeMonetary posit InsurStatistics ance Corp.

Bowser
and
Pearson *

Mutual savings banks

Revised
series

Banking and Federal DeMonetary posit InsurStatistics 1 ance Corp.

Bowser
and
Pearson *

Difference excess (+), or deficiency ( )


Revised
series

Banking and Federal DeMonetary posit InsurStatistics > ance Corp.

Bowser
and
Pearson *

158
156
147
139

348
358
386
435

1896
1897
1898
1899

506
514
533
574

1900
1901
1902
1903
1904

611
603
579
588
600

3
-11
-57
-68

506
525
517
542
562

+32
+16
+3
-40
-51

105
78
62
46
38

-23
-19
-14
-17
-17

1905
1906
1907
1908
1909

600
620
636
722
747

-64
-68
-99
-57
-42

571
598
616
706
733

-46
-52
-93
-54
-31

30
22
20
16
14

-17
-16

1910
1911
1912
1913
1914

750
755
787
783
793

-36

-40
-37
-39
-44
-36

737
742
774
770
782

-36

-29
-28
-30
-39
-30

13
12
13
12
12

+1

-11
-10
-9
-6
-5

1915
1916
1917
1918
1919

778
753
1,349
3,243
5,425

-34
-10
-293
-264
-388

-34
-10
-293
-264
-388

767
740
1,300
3,043
4,864

-35
-12
-245
-168
-283

-28
-5
-237
-160
-283

11
14
50
200
561

+3
-46
-95
-105

-6
-4
-55
-104
-105

1920
1921
1922
1923
1924

4,420
4,201
4,818
5,715
5,381

-163
-130
-171
-113
-211

-163
-130
-171
-113
-211

3,638
3,262
3,846
4,604
4,260

-110
-124
-135
-101
-172

-110
-113
-124
-91
-161

783
939
971
1,112
1,122

-52
-6
-37
-10
-38

-52
-17
-48
-21
-49

1925
1926
1927
1928
1929

5,529
5,384
5,345
5,671
5,477

-231
-128
-58
-209
-22

-231
-128
-58
-85
+100

4,454
4,414
4,494
4,933
4,872

-178
-137
-97
-229
-69

-167
-127
-86
-93
+63

1,076
970
852
738
604

-52
+9
+40
+19
+47

-63
-1
+29
+8
+36

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

-3
-11

5,373
6 601
6,937
8,229
11,308

124
61
+42
+30
+30

+176
+113
+179
+209
+329

4,874
6 Oil
6,250
7,496
10 324

103
3
+33
+20
+17

14,316
17,392
16,933
16,761
18,779

+58
+69
-21
+34
+36

+2 139
+2,585
+2,405

12 778
15,344
14,583
14 081
15,740

19,705
23,559
30,320
57,774
75,775

+39
+38
+21
+34
+38

1945
1946
1947
1948
1949 .

93,708
95,969
82,673
76,774
74,879

+51
+58
-6

-6

-J-2

+2

1950 ....
1951
1952
1953
1954

77,322
68,726
70,784
68,109
72,524

+2

+2

+1
+1

1930
1931
1932
1933 ....
1934
1935
1936
1937
1938
1939

...

1940
1941
1942
1943 ...
1944....

1955

;..

. .

l
1

71,946

1
Changes for 1896-1941 based on data from Board of Governors of the Federal
Reserve System, Banking and Monetary Statistics (Washington, D. C., 1943), pp. 18, 19,
and 23; beginning with 1942, from Federal Reserve BULLETIN.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

+207
+186
+189
+220
+337

499
590
687
733
984

-20
-58
+9
+10
+13

+62
+74
+20
+39
+40

1,538
2,049
2,350
2,680
3,040

4
-3
-41
5
-3

16,597
20,139
26 439
52,495
68,480

+44
+44
+28
+41
+49

3,108
3,420
3,880
5,279
7,294

-5

84,136
84,549
70,533
64 798
63,221

+67
+76
-6

-6

+1

+1

65,753
58,521
61 , 178
58,645
63,508

+2

+2

+1

+1

63,270

9,572
11,419
12,140
11,976
11,657

31
-73
10
-11
8

8
-8
-12
16
-19

11,569
10,205
9,606
9,464
9,017
8,676

+1

+1

Estimates made by Henry R. Bowser and Harold T. Pearson of the Federal Reserve
Bank of Boston.

TABLE B-5
TOTAL DEPOSITS OF ALL BANKS BY CLASSES AND DEMAND DEPOSITS ADJUSTED AT ALL BANKS IN THE UNITED STATES, 189&-1955
REVISED SERIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
[In millions of dollars]
All banks
Commercial bankstotal deposits
Total deposits
Difference excess (+), or
deficiency ( J

June 30
Revised
series

Comptroller
of the
Currency

Mutual savings bankstotal deposits

Demand deposits adjusted

Banking
Federal
Deposit
and
Insurance Monetaryl
Corp.
Statistics

Revised
series

Cfl

Difference excess (+}, or


deficiency ( )

Difference
from
Banking
and
Monetary
Statisticsexcess (+},
or deficiency (-} ]

Revised
series

Comptroller
of the
Currency

Federal
Banking
Deposit
and
Insurance Monetaryl
Corp.
Statistics

Difference excess (+), or


deficiency ( )
Revised
series

Comptroller
of the
Currency

5,859
6,270
7,044
8,472

+373
+483
+490
+572

2,708
2,845
3,279
3,955

-131
-26
-153
-207

4,142
4,486
5,175
6,472

+344
+436
+446
+533

1,717
1,785
1,870
2,000

+29
+48
+45
+39

1900
1901
1902
1903
1904

8,922
10,374
11,103
11,612
12,341

+413
+504
+511
+469
+511

4,069
4,757
5,163
5,425
5,766

-351
-447
-556
-537
-490

6,792
8,114
8,713
9,107
9,739

+418
+504
+501
+477
+511

2,129
2,261
2,390
2,505
2,602

1905
1906
1907
1908
1909

13,772
14,703
15,759
15,440
16,883

+467
+522
+432
+355
+256

6,453
6,884
7,222
6,950
7,553

-616
-620
-650
-434
-215

11,028
11,791
12,727
12,425
13,789

+460
+519
+455
+406
+307

2,744
2,911
3,032
3,016
3,094

-If
-50

1910
1911
1912
1913
1914

17,950
18,860
20,013
20,523
21,665

+411
+332
+349
+435
+362

+409

7,809
8,109
8,724
8,761
9,719

-445
-559
-432
-379
-363

14,644
15,452
16,455
16,808
17,806

+466
+385
+400
+490
+419

+416

3,306
3,407
3,558
3,715
3,859

-55
-54
-51
-55
-57

1P15 .
1916
1P17
1918
1P19

22,504
26,738
30,855
33,061
37,982

+541
+367
+497
+607
+426

+610
+519
+597
+688
+509

10,271
12,143
14,317
14,879
17,545

18,612
22,613
26,501
28,708
33,254

+600
+431
+566
+676
+450

+619
+534
+616
+697
+515

3,893
4,124
4,355
4,353
4,728

1920
1921
1922
1923
1924

41,838
38,934
41,227
44,376
47,961

+382
+475
+276
+314
+454

+556
+429
+413
+434
+670

19,569
17,265
18,121
19,155
19,568

+443
+170
+816
+36
-79
__47
+152
+76
+197
+156

36,682
33,432
35,532
38,175
41,343

+413
+548
+361
+402
+529

+568
+445
+427
+450
+687

52,301
54,416
56,700
58,138
58,269

+503
+559
+164
-44
+601

+660
+680
+903
+347
+328

21,574
22,323
22,371
22,451
22,772

+198
+323
+388
+192
+232

45,230
46,952
48,704
49,582
49,385

+584
+673
+245
+73
+720

+678
+699
+923
+367
+349

1896
1897
1898
1899

1925
1926
1927
1928
1929

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

..

....

. .

-6
+1

Federal
Banking Historical
Deposit
and
Statistics
Insurance Monetary
of the
Corp.
Statistics > United
States -

+7
-51

-52
-51
-97
-51

-58
-65
-68
-69
-24

-8
-16
-18
-9
-6

-52
+22
+16
-29
-4

5,157
5,503
5,695
6,202
6,618

-30
-72
-85
-87
-75

-11
-15
-14
-15
-17

+99
-65
-123
-71
-75

7,071
7,465
7,996
8,555
8,884

-81
-113
-81
-118
-119

-18
-18
-20
-21
-21

-81
-60
-44
-113
-20

I
I

+44

9,809
9,950
10,141
10,186
10,409

-111
-110

+101

+143
+205
+248
+231
+105

-21
-21
+16
-23
-24

-63
-60
-23
+35
+24

+107
+116

+107
+116

10,608
10,624
10,372
11,122
12,449

-23
-24
+1

+24
+23
+21

+3

-23
-24
-23
-19
-22

+26
+20
+18

14,400
16,251
17,442
18,211
18,949

+4
+3

-26
-30

+18
+18
+17
+17
+1

19 943
20,404
21,783
23,628
25,440

+112
+122
+127

+70

+81

+83

41,462
48,118
49,345
48,814
53,894

+84
+92
+99
+72
+73

+84
+92
+58
+75
+79

32 042
37,392
41,913
56 107
60,126

+80
+75
+43
+68
+61

60,246
67,588
72,394
96,175
116,235

+90

+95

69,123
79,570
82 196
82,715
81 894

+70
+94
+10
+18
+17

136,727
143,042
135,933
138,162
137 538

+85

85 057
88 978
94,771
96 915
98,131

+17
+18
+17
+17

143 845
151 475
162,365
165 548
174,065

51,270
58 068
59,485
59,000
64 303

-68
+10
-8
-44
+77

1940
1941
1942
1943
1944

70 854
78 212
82,765
107 297
128,684

1945
1946
1947
1948
1949

151 128
159,293
153 375
156,373
156 488

1950
1951
1952
1953
1954

163 789
171 879
184,147
189 176
199 505

+45

+122

+124

+26
+20
+18

+26
+20
+18

+19
+19
+17
+17

+19
+19
+17
+17

103,233

Changes for 1896-1941 based on-data from Board of Governors of the Federal
Reserve System, Banking and Monetary Statistics (Washington, D. C., 1943) pp. 18, 19,
and 23; beginning with 1942, from Federal Reserve BULLETIN.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

-18
-18
-16
-15
-21

20,503
23,892
25,320
24,440
27,438

1935
1936
1937
1938
1939

208 845

-117
-125
-128
-107
-110

+121
+184
+263
+208

+537
+285
+158
+152

9,099
9,910
9,911
9,606
9,670

51,267
47 277
35,658
32,078
36,810

+734
+577
+408
+371
+79

1955

+556
+303
+174
+167
+66

+289
+210
+113
+101
+2

60 365
57 1S7
45 569
41,684
46,480

....

+852
+702
+536
+478
+189

21,995
20 042
15,738
14,512
16,696

1930
1931
1932
1933
1934

+120

+65
-21

+82
+95

+99
+72
+70
+121

+102

+26
+20
+18
+18
+18
+17
+17
+1

181,512

+120
+152

-72
-23
-24

+1

-107
-124
-129
-154
-133

+1

27,334
2

A supplement to Statistical Abstract of the United States (U. S. Department of


Commerce, 1949), p. 271.

TABLE B-6
NUMBER OP BANKS IN THE UNITED STATES, BY CLASS OF BANK, 1896-1955
REVISED SERIES COMPARED WITH SERIES PREVIOUSLY AVAILABLE
All banks

Commercial banks
Difference excess (+), or deficiency ( )

Difference excess (+), or deficiency ( )


June 30

Revised
series

CompBank-ing
troller
Bowser
and
Monetary
and
of the
Currency Statistics ' Pearson*

12,112
12,079
12,163
12,459

+2,643
+2,622
+2,664
+2,728

13,053
14,054
15,112
16,433
17,659

+2,676
+2,666
+2,716
+2,778
+2,840

+2,676
+2,664
+2,716
+2,740
+2,840

-2,085
-1,709
-1,671
-1,919
-1,665

18,767
20,407
21,986
23,161
23,734

+2,389
+2,534
+2,276
+1,858
+1,255

+2,389
+2,534
+2,276
+1,858
+1,255

-2,492
-2,440
-1,987
-2,261
-2,898

25,151
25,815
26,472
27,285
27,864

+2,093
+1,472
+ 1,329
+1,338
+1,151

+2,093
+ 1,472
+ 1,329
+1,338
+1,128

28,017
28,362
28,919
29,480
29,767

+1,005
+902
+ 1,052
+661
+703

+1,506
+1,512
+ 1,456
+1,389
+1,278

1920
1921
1922
1923
1924

30,909
31,076
30,736
30,444
29,601

+831
+328
+411
+332
+320

1925
1926
1927
1928
1929

29,052
28,350
27,255
26,401
25,568

+279
+269
+261
+256
+308

1896
1897
1898
1899
1900
1901
1902
1903
1904

. .

...
. .

1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919

Digitized for FRASER


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Federal Reserve Bank of St. Louis

. . . .

, .

....

Other
series *

Bankers'
directories *

Mutual savings banks

Revised
series

Banking
Compand
troller
Monetary
of the
Currency Statistics '

Branch,
Group,
and
Chain
Banking
Committee'

11,474
11,438
11,530
11,835

+2,682
+2,649
+2,690
+2,759

-304
-398
-390
-653

12,427
13,424
14,488
15,814
17,037

+2,702
+2,696
+2,749
+2,816
+2,886

-1,498
-1,450
-1,191
,428
- ,744

18,152
19,786
21,361
22,531
23,098

+2,442
+2,591
+2,329
+1,904
+1,261

-1,871
-2,628
-2,483
-2,206
-2,135

24,514
25,183
25,844
26,664
27,236

+2,094
+1,475
+1,331
+1,340
+1,157

+1,006
+902
+1,052
+661
+703

-2,027
-2,129
-198
+22
-429

27,390
27,739
28,298
28,856
29,147

+1,008
+901
+1,053
+662
+705

+1,194
+657
+650
+617
+605

+831
+328
+411
+332
+320

-683
-618
-565
-434
-1,187

30,291
30,456
30,120
29,829
28,988

+573
+496
+490
+457
+455

+279
+269
+261
+256
+308

-889
-896
-625
-577
+111

28,442
27,742
26,650
25,798
24,970

+2,500
+2,556

-1,881

+ 2 ;m+ 1,288

Other
series *

+2,531

Difference excess (+),


or deficiency ( )

Revised
series

Banking
Compand
troller
Monetary
of the
Currency Statistics

638
641
633
624

-39
-27
-26
-31

626
630
624
619
622

-26
-30
-33
-38
-46

615
621
625
630
636

-53
-57
-53
-46
-6

-641
1 ,092
-965
-857
-842

637
632
628
621
628

-1
-3
-2
-2
-6

+1,515
+1,522
+1,467
+1,399
+1,288

-692
-53
+137
-93
-95

627
623
621
624
620

-3
+1

+833
+331
+414
+335
+320

+1,204
+668
+662
+628
+616

-104
-203
-70
-141
-128

618
620
616
615
613

-2
-3
-3
-3

+280
+281
+274
+269
+321

+584
+507
+501
+468
+466

-112
-84
-51
-64
+27

610
608
605
603
598

-1
-12
-13
-13
-13

,821
,303
,477
,665
,616

+2,575

+2,259
+1,294

-2

Other
series4

-31
-19

-88
-6

-12
-9
-10
-11
-10
-10
-10

-11

-12
-11
-11

-11
-11
-11
-11
-11

+121
+120
+116
+114
+121

128
131

1945
1946 ..
1947
1948
1949 ....

14,660
14,685
14,715
14,721
14,681

+118
+118

+118
+118

110
126
-103

1950
1951
1952
1953
1954

14,676
14,636
14,598
14,533
14,464

..

1955

....

14,308

-1
+2
+1
+2

-i

-4

-141
110
-128

92

-101

91

94
-99

69
-79
85
-77
66

_1
+2
+1
+2
1

-4

77

1
Changes for 1896-1941 based on data from Board of Governors of the Federal
Reserve System, Banking and Monetary Statistics (Washington, D. C., 1943), pp. 18, 19,
and 23; beginning with 1942, from Federal Reserve BULLETIN.
* Estimates made by Henry R. Bowser and Harold T. Pearson of the Federal Reserve
Bank of Boston.
* Homan's, 1899-1918; Rand McNally, 1919-1955.
* Differences for the period through 1909 are based on data published by the National

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

+131
+128
+118
+115
+120

+130
+129
+125
+122
+129

542
541
538
537
536

9
9

9
9
9
8
8

+118
+118

+126
-r-ijo
+126

14 126
14 152
14,182
14 189
14,151

+122
+119
+118
+115
+120

.
...

+132
+119

10
10
11
10
9

14,534
14 434
14,353
14,197
14 138

15,076
14,975
14,891
14,734
14,674

1940
1941
1942
1943
1944

+76

+78
+53

-12
-11
12
10
-9

+146
+131
+143
+131

+107
+120
+127

-16

559
555
552
552
543

15 488
15,329
15,094
14 867
14,667

+135
+119
+133
+122

+73

+118
+130
+136

+14
+3

+48

..

14,146
14,107
14 069
14,005
13 936
13 780

+36
+27
+24
+72

10
10
-9
10
11

+273
+247
+225
+218
+86

16,047
15,884
15,646
15,419
15,210

1935
1936
1937
1938
1939

+261
+235
+271
+252

-12
-12
-11
12
-13

23,679
21 654
18,734
14 207
15 348

+261
+235
+214
+206

+418
+335
+276
+248

594
588
583
564
565

+118
+186
+277
1 231
-281

24,273
22,242
19,317
14 , 771
15,913

1930
1931
1932
1933
1934

+60

+428
+345
+285
+258
5

+10
+86

+2
+1

-1
-r-2
+1

+2

+2

_i

1
-4

-4

534
533
533
532
530

8
8

530
529
529
528
528
528

Monetary Commission; those for later years, on data published by the Federal Deposit
Insurance
Corporation.
6
Data compiled by Federal Reserve Committee on Branch, Group, and Chain
Banking.
NOTE.In some instances after 1946 the differences between (1) the revised series
and (2) data published by the Federal Deposit Insurance Corporation and the series
labeled "Banking and Monetary Statistics" (published currently in the Federal Reserve
BULLETIN) are the result of rounding.

Appendix C
REPORTS OF STATE BANKING AUTHORITIES

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Federal Reserve Bank of St. Louis

Appendix C

67

REPORTS OF STATE BANKING AUTHORITIES


[Includes the latest current reports that were used in compiling the revised series for all banks in the United States. Most of the reports
arc annual, but some cover other periods. Alabama, Arizona, Michigan, Minnesota, Montana, Oklahoma, Pennsylvania, Tennessee, Texas,
and Wyoming are not included because the banking authorities in these States no longer publish such reports. Current data for banks in
these States may be obtained from abstracts available from their respective State banking departments.)

State

Frequency of report, and title

Latest
report used

Semiannual
Louisiana

Reports of the State Banks, Savings Banks, and Trust Companies

June 30, 1955

Annual
Arkansas
California
. ..
Connecticut
Delaware
District of Columbia . .
Florida
Georgia
Idaho . . .
Indiana
Iowa
..
Kentucky
Maryland
Massachusetts
New Hampshire . .
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oregon
Rhode Island
South Carolina
Vermont .
Virginia
Washington
West Virginia
Wisconsin

Report of the Bank Commissioner.


Report of the Superintendent of Banks
.
....
....
Report of the Bank Commissioner.
Report of the State Bank Commissioner
Report of the Comptroller of the Currency .
Report of the Comptroller of the State
Report of the Superintendent of Banks
Report of the Department of Finance
.
...
Report of the Department of Financial Institutions
Report of the Superintendent of Banking
..
Report of the Commissioner of Banking , .
..
Report of the Bank Commissioner
Report of the Commissioner of Banks
Report of the Bank Commissioner
..
...
....
Report of the Commissioner of Banking and Insurance
(Bureau of Banking)
Report of the State Bank Examiner
...
Report of the Superintendent of Banks (3 parts)
Report of the Commissioner of Banks
..
Report of State Examiner to the State Banking Board
Report of the Division of Banks (Department of Commerce)
Report of the Superintendent of Banks. . . .
Report of the Banking Bureau to the General Assembly
(Department of Business Regulation)
.
.
Report of the State Banking Department
Report of the Bank Commissioner
..
....
Report of the State Corporation Commissioner
Report of the Supervisor of Banking
Report of the Commissioner of Banking
,
....
Report of the Condition of State Banks, Mutual Savings Banks, Trust
Companies,, and National Banks

1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955
1955

Biennial (fiscal years unless otherwise indicated)


Colorado
Illinois
Kansas.
. ..
Maine
Mississippi
Missouri
Nebraska
Nevada.
.....
South Dakota
Utah
1

Calendar years.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Report of State Bank Commissioner


Report of the Auditor of Public Accounts . .
....
Report of the Bank Commissioner
Report of the Bank Commissioner
Report of the Department of Bank Supervision . . . .
Report of the Department of Business and Administration
Report of the Department of Banking . . .
...
Report of the Superintendent of Banks
Report of the Superintendent of Banks
Report of the Bank Commissioner
1

1955-56
2
1956
1954-56
1954-56
1
1954-55
2
1956
1953-55
1954-56
1954-56
1954-56

Includes data for fiscal years ending June 30, 1955 and 1956.

Appendix D
NONLICENSED BANKS, 1933

AND 1934

PAGE
TEXT

71

TABLE D-l. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF ALL NONLICENSED BANKS, BY STATES,
JUNE 30, 1933

72

TABLE D-2. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF ALL NONLICENSED BANKS, BY STATES,
JUNE 30, 1934

74

TABLE D-3. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF NONLICENSED NATIONAL BANKS, BY STATES,
JUNE 30, 1933..,

76

TABLE D-4. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF NONLICENSED NATIONAL BANKS, BY STATES,
JUNE 30, 1934

78

TABLE D-5. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF NONLICENSED STATE BANKS, BY STATES,
JUNE 30, 1933

80

TABLE D-6. SELECTED ASSETS AND LIABILITIES AND NUMBER


OF NONLICENSED STATE BANKS, BY STATES,
JUNE 30, 1934

82

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Federal Reserve Bank of St. Louis

N O N L I C E N S E D B A N K S , 1933

1934

district: (1) State member banks that were


not licensed as of Marefa 15, 1933, (2) nonmember banks thai were not licensed as of
April 12, 1933, and (3) the date when each
bank was licensed or placed in liquidation or
receivership.
From these compilations it was possible
to ascertain which banks were not licensed as
of June 30, 1933 and 1934. This list was
reconciled with information collected by the
Federal Deposit Insurance Corporation m its
survey of banks for insurance purposes and
with lists published in the reports of some of
the State banking departments.
The major assets and liabilities of nonlicensed State banks were obtained from State
banking department reports and from bankers'
directories. For most banks the data are for
June 30, 1933 and 1934, as compiled and
reported by the State banking authorities. For
the others the data are for the call date prior
to March 15, 1933.
In a few States the Federal Deposit Insurance Corporation insured some nonmember
banks before they were licensed; the Corporation included data for these nonlicensed banks
in its summary call report of active insured
banks for June 30, 1934. Accordingly, for this
study, the data for these banks are included
in the active-bank data and are excluded from
the data for nonlicensed banks.
There were only a few nonlicensed mutual
savings banks and they were not large. The
number and balance-sheet data for these banks
have been combined with data for State
commercial banks in Tables D-5 and D-6.

As the United States Summary indicates,


both the revised all-bank series and the series
previously available exclude banks in liquidation or receivership, suspended banks, and
banks not licensed after the banking holiday
in March 1933. A large number of banks were
not licensed after the banking holiday, but
emergency regulations permitted these banks
to pay out a portion of their old deposits
under prescribed restrictions and to receive
new deposits subject to withdrawal without
restriction. A separate abbreviated balance
sheet covering such banks has been constructed
for June 30, 1933 and 1934. A few nonlicensed
banks continued to exist for several years after
1934, but their assets and liabilities were not
large enough to warrant tabulation; they have
been excluded from the data for active banks
until the date of their activation.
Data for selected assets and liabilities and
the number of all nonlicensed banks as of June
30, 1933, and June 30, 1934, by States, are
shown in Tables D-l and D-2; for nonlicensed
national banks, in Tables D-3 and D-4; and
for nonlicensed State banks, in Tables D-5
and D-6, respectively.
The data for nonlicensed national banks
were obtained from compilations made in 1933
and 1934 by the Comptroller of the Currency.
They include the amounts of unrestricted deposits and related assets held by these banks.
Such data are not available for nonlicensed
State banks.
A list of nonlicensed State banks was
obtained from special compilations made by
the Federal Reserve Banks in 1933 and 1934.
These compilations showed for each Reserve

Digitized for FRASER


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Federal Reserve Bank of St. Louis

AND

71

TABLE D-l

I
I

SELECTED ASSETS AND LIABILITIES AND NUMBER OF ALL NONLICENSED BANKS, BY STATES, JUNE 30, 1933
[Amounts in thousands of dollars]
Assets
State

Total
assets
Total
liabilities
and
capital
accounts

GO

Liabilities
Other i

Capital

Other
capital
accounts

Number
of
banks

Investments

Cash assets

1,614,496

885,111

332,183

294,627

3,126,417

2,207,480

242,780

228,096

265,598

182,463

9,767
35
8,134
9,639
6,734

2,714
208
2,188
8,385
5,007

2,284
42
2,119
2,394
3,213

1,673
70
1,223
2,306
1,427

16,438
355
13,664
22,724
16,381

10,383
282
8,670
16,137
11,007

713

2,002
2,459
1,626

2,020
43
220
716
1,011

1,832
25
2,046
2,630
2,113

1,490
5
726
782
624

28
1
61
28
46

Connecticut
Delaware
District of Columbia
Florida
Georgia

732
318
24,866
4,363
4,359

379
217
9,607
3,793
2,828

143
27
4,294
1,247
956

29
56
8,283
2,260
1,597

1,283
618
47,050
11,663
9,740

935
482
32,414
7,464
4,558

88
12
6,500
1,015
881

1,288
879
2,019

150
75
4,365
1,405
1,365

110
49
2,483
900
917

1
2
12
25
11

Idaho . . .
Illinois
Indiana .
Iowa
Kansas. .

534
68,877
71,715
77,869
6,567

1,065
47,161
34,361
32,124
2,631

595
17,733
17,999
20,107
2,109

224
12,535
14,501
12,519
1,235

2,418
146,306
138,576
142,619
12,542

1,937
106,453
96,526
107,411
8,737

13
3,376
11,091
11,327
1,059

150
12,883
9,384
2,995
846

230
14,546
14,640
13,784
1,370

88
9,048
6,935
7,102
530

5
153
150
349
31

11,714
34,359
74,197
111,541
21,360

5,746
11,765
41,046
70,069
20,837

2,421
4,716
13,923
17,497
5,925

1,415
2,915
8,434
17,409
3,604

21,296
53,755
137,600
216,516
51,726

14,303
37,030
108,845
152,768
38,288

1,410
8,348
2,876
20,203
963

1 ,960
2,081
12,460
14,415
5,412

2,458
4,276
6,538
15,052
3,400

1,165
2,020
6,881
14,078
3,663

25
35
31
67
19

239,955
9,208
3,421
44,168
1,883

117,878
5,339
1,415
30,112
1,577

51,549
1,635
1,057
14,106
823

60,339
1,517
562
6,358
523

469,721
17,699
6,455
94,744
4,806

319,856
13,055
4,677
65,719
3,428

7,131
1,958
176
9,291
315

83,131
576
648
3,643
159

36,112
1,548
582
10,932
720

23,491
662
372
5,159
184

315
57
17
166
13

18,366
634
2,284
81,161
3,598

7,781
571
3,165
49,293
3,291

6,627
296
731
9,808
1,215

3,242
59
602
12,118
792

36,016
1,560
6,782
151,880
8,896

26,929
1,242
5,391
96,691
6,789

1,153

560
52
397
5,104
569

4,949
125
450
11,145
775

2,425
141
325
11,840
416

178
3
5
63
5

Loans

United States
Alabama
Arizona
Arkansas
California
Colorado

Kentucky .
Louisiana
Maine
Maryland
Massachusetts

....
....

"
.

Michigan
Minnesota
Mississippi .
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

. ..

Other

Deposits

Borrowings

219
27,100
347

3,084

New York
North Carolina
North Dakota.
Ohio
Oklahoma

84 , 892
13,920
5,369
101,454
6,555

68,551
3,667
3,124
45,968
5,482

17,984
3,075
1,380
16,855
2,753

13,409
2,429
1,434
15,602
1,400

184,836
23,091
11,307
179,879
16,190

134,945
12,322
8,347
132,136
12,032

17,461
2,503
918
16,283

10,402
2,142
621
6,581

13,290
4,208
1,090
14,660
1,859

8,738
1,916
331
10,219

Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota

8,458
253 , 005
1,444
14,613
1,923

4,261
135,871

1,918
37,569

1,163
51,036

418

23,003

1,736
36,620

619

38,433

6,169

3,676

155

11,813
332,262
2,003
21,996
2,072

1,214
47,163

9,649

15,800
477,481
2,933
34 , 107
3,321

4,789

2,872

3,279

1,171

1,721

932

2,055
1,710

1,887

988
935

163

308

338

909

188

627

666

436

196

Tennessee
Texas
Utah
Vermont
Virginia

15,841
5,152

1,762
1,671

2,206
1,242

1,567
1,565

21,376
9,630

13,669
5,778

2,044

13,532
13,561

9 850
4,740

2,286
2,686

1,674
3,444

27,342
24,431

21,426
14,878

2,510
1,931

1,103
4,040

Washington
West Virginia
Wisconsin

16,885
18,860
86,140

12,041
9,597
44,333

4,493
4,015
19,915

3,119
2,524
10,247

36,538
34,996
160,635

25 , 076
25,310
122 , 578

3,627
2,888
13 157

2,393
1,928
3,021

534

68

75

18

695

430

782
134

200
310

724

106
116

82
57

33
163
73

28
214
1
25
7

1,225
2,557

428
81

1,078
1,025

12
37
1
15
26

3,775
2,645
14,691

1,667
2,225
7,188

34
323

50

51

' Includes national bank notes outstanding; such notes amounted to $77,789,000 for the United States as a whole.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

CO

fc
60
TABLE D-2
SELECTED ASSETS AND LIABILITIES AND NUMBER OF ALL NONLICENSED BANKS, BY STATES, JUNE 30, 1934

I.

[Amounts in thousands of dollars]

Ass eta

State

Loans

United States
Alabama
Arizona
Arkansas
California
Colorado
Connecticut .
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Nebraska
Nevada
New Hampshire
New Mexico

Digitized for FRASER


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Federal Reserve Bank of St. Louis

....

Other

Total
assets
Total
liabilities
and
capital
accounts

Liabilities
Deposits

Investments

Cash assets

207,732

104,659

63,602

49,580

425,573

314,806

1,588

123

376

288

2,375

1,636

297

411

249

Borrowings

Capital

Other i

21,646

44,197

25,603

573

178

265

291

1,237
6,249
1,419

6
542

225
45
224

403

1,210

591

65
247
109

15
9
10

646

23

50
140
200

237
50

1
4
2

1,253
1,046

13
40
66
3

8
18
232
209

1
3
2
7
1

979
3,556
894

2,183

1,301

1,253

348

373
510
340

79
403
363

107
202
271

160
525
152

1,640
1,126

1,073
676

77

190
123

4,629
11,627
10,103
276

3,930
5,800
4,275
173

2,583
3,565
7 476
131

979
3,327
2,711
83

12,121
24,319
24 , 565
663

9,905
19,095
20 544

206
905
439
11

572
157
71
75

950
2,909
2,465
90

129
7,337

86

281
739
3,673

35
220
61
213
572

358
9,369
2,367
3,690
28,290

250
5,828

2,222
90

50
11
579
268

50

1,460
1,887
13,109

108
771
565
851
10,936

14,554
1,477
256
7,378
430

13,256
501
38
3,013
66

8,204
228
153
2,658
62

3,589
534
36
1,751
102

39 , 603
2,740
483
14,800
660

30,588
2,125
364
11,598
414

2 693
288

665
185

2 058

211

523
67

5 939

4 363

17,581

11,750

1,981

6,884

38,196

26,484

570

1 041

719

751

Number
of
banks

19,321

1,936
8,293
2,343

531

Other
capital
accounts

447

1,305
3,008
20 , 365

3,106
114
250
485
94

573

1,694

1,290

161
205
3,800

488
40

1,019

3,332
42
9
78

4,074
255
100
1,804
120

1,495

68
10
835
32

108
4
1
64
4

117
4

895
80

564
94

34
3

4,068

3,500

2,450

is

3,905
5,913

3,025
2,700

6,270
290

56,357
2,867

44,619
2,097

12 176

274

13 603

2,813
99 911

2,222
69 959

180
204

248
173

180
65

1 081

822
717

258
528
15

267
517
56
338
302

141
761
26
896
155

2,006
3,287

1 493
1,872

6,171
1,781

5,030
1,382

98
499
856

101
615
247

1,489
2,838

1,480
1,120

1,155

32,279

11,404

6,404

Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota.

1,198
51 515

507

22 617

834

473
351

Tennessee
Texas
Utah
Vermont ....
Virginia

1 340
1,481

New York . ,
North Carolina
North Dakota
Ohio
Oklahoma

Washington
West Virginia
Wisconsin . . . .
Wyoming

328

961

. .

493

3,205
1,084
292

2 571
2,380

870

1,732

240
143
539

1,952

525
40

746

411
800
83

459

793

590

634

4 224
5,435

365

126
858

1,192

80
601
g

3,533

1,024

4,130

3,051

78

13

415

249
562
26

74

5,493

365

207
520
98
698

424

60
387

3 108
4 414

130

425
60

410

156

4
10
4
41
8

9,373

9,477

85

9
34

2
1

232
75

25

5
2

108
102
65
64

140
553
50
200
225

58
240
77
178
110

3
9
1
3
2

89
104

125
465
520

25
175
397

4
8
13

5,609

i Includes national bank notes outstanding; such notes amounted to $5,754,000 for the United States as a whole.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

f
I

w
S
?r

TABLE D-3
SELECTED ASSETS AND LIABILITIES AND NUMBER OF NONLICENSED NATIONAL BANKS, BY STATES, JUNE 30, 1933
[Amounts in thousands of dollars]
Assets
State

United States
Alabama
Arizona
Arkansas
California
Colorado

Total
assets
Total
liabilties
and
capital
accounts

Loans

Cash
assets

Other

Deposits

Borrowings

669,956

481,051

168,815

121,614 1,441,436 1,028,347

124,616

91,658

3,095
35
1,485
6,227
4,959

2,221
208
847
5,190
4,464

672
42
335
1,756
2,643

713

659
43
204
700
954

6,679
355
2,831
14,577
13,137

3,898
282
1,767
10,086
8,850

401
1,803
1,457

Other
capital
accounts

Number
of
banks

117,878

78,937

985

76,307

49,619

26,688

890
25
380
1,625
1,470

519
5
79
363
406

11
1
8
18
22

329
29
138
763
1,275

221
22
86
470
864

108
7
52
293
411

Capital

Investments

691
70
164
1,404
1,071

i
I

Memoranda

Liabilities

Other i

Related assets
Unrestricted
deposits

Reserves
with
F. R.
banks

Cash and
due
from
banks

Delaware
District of
Columbia
Florida
.. .
Georgia

77

132

17

18

244

200

12

25

14,708
1,705
2,078

6,490
1,977
1,252

2,363
478
659

5,068
439
933

28,629
4,599
4,922

18,895
3,157
2,453

3,746
620
881

1,188
134
543

3,225
425
770

1,575
263
275

3
4
9

948
319
347

455
155
197

493
164
150

Idaho
Illinois
Indiana
Iowa
Kansas

501
30,110
40,840
14,076
4,731

1,010
30,191
25,296
10,614
2,453

527
11,079
13,271
4,638
1,707

212
6,217
9,344
2,142
1,009

2,250
77,597
88,751
31,470
9,900

1,827
58,802
60,774
22,998
6,887

13
3,376
6,049
1,366
791

150
4,575
9,186
2,670
813

190
6,645
9,182
3,315
1,030

70
4,199
3,560
1,121
379

3
93
40
61
18

215
5,667
9,008
2,237
612

162
4,079
5,441
1,413
308

53
1,588
3,567
824
304

Kentucky
Louisiana
Maine
Maryland
Massachusetts. . . .

10,173
8,976
22,115
9,377
7,899

5,464
1,572
18,489
7,844
16,074

2,216
1,091
8,518
2,382
4,013

1,227
561
1,987
1,159
2,056

19,080
12,200
51,109
20,762
30,042

13,313
7,066
40,443
16,418
23,934

1,127
2,963
2,876
1,220
963

1,785
452
2,533
846
1,688

1,843
1,575
2,640
1,190
2,050

1,012
144
2,617
1,088
1,407

19
8
17
19
14

589
566
2,021
1,088
1,138

338
345
1,350
895
474

251
221
671
193
664

Michigan
Minnesota
M ississi p pi
Missouri
Montana

49,451
5,501
1,121
17,461
1,008

36,490
3,415
493
19,129
863

13,614
963
332
6,752
390

13,368
1,003
336
2,078
196

112,923
10,882
2,282
45,420
2,457

86,416
7,728
1,651
29,964
1,676

5,824
1,409
176
4,735
269

7,860
574
132
3,244
159

7,960
870
100
5,850
280

4,863
301
223
1,627
73

47
23
1
9
5

4,944
431
184
3,274
245

3,112
315
69
2,836
161

1,832
116
115
438
84

3,774
383
2,284
32,570
2,112

2,896
363
3,165
28,608
2,597

1,176
134
731
7,963
731

321
7
602
5,997
634

8,167
887
6,782
75,138
6,074

5,828
721
5,391
52,379
4,566

527

560
51
397
2,979
530

895
50
450
5,400
500

357
65
325
3,383
264

18
1
5
48
3

534
75
184
3,813
83

425
63
109
2,677
51

109
12
75
1,136
32

..

Nebraska
Nevada
New Hampshire. . .
New Mexico

Digitized for FRASER


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Federal Reserve Bank of St. Louis

219
10,997
214

New York
North Carolina . . .
North Dakota
Ohio
Oklahoma

70,884
7,125
3,471
2&, 738
2 538

63,297
2,982
2,724
23,986
2 941

16 , 714
1,542
892
7,728
1,240

11,813
1,235
955
6,164
656

162,708
12,884
8,042
67,616
7 375

117,792
5,833
5,852
49,157
5,480

17,461
2,258
686
2,560
510

8,242
1,671
618
5,625
349

11,690
2,090
675
5,908
780

7,523
1,032
211
4,366
256

80
8
9
56
13

4,306
839
335
3,257
504

2,447
399
221
2,013
360

1,859
440
114
1,244
154

Oregon
Penns y I vani a
Rhode Island
South Carolina . . .
South Dakota

4,935
162,254

2,363
90 797

961
25,691

591
26,797

8,850
305 , 539

6,364
216,321

711
27 , 773

417
16,198

1,050
19,555

308
25,692

8
142

411
14,183

256
9,781

155
4,402

12,537
1,657

9,117
812

5,667
278

2,892
125

30,213
2,872

19,522
1,809

4,749
627

2,375
136

2,560
210

1,007
90

5
6

3,723
116

1,928
77

1,795
39

Tennessee
Texas
Utah
Vermont
Virginia

15,055
3,443
534
8,628
10,281

1,729
1,119
68
8,233
3,343

2,085
761
75
2,101
1,588

1,426
785
18
570
1,194

20,295
6 , 108
695
19,532
16,406

12,857
3,736
430
15,779
10,546

2,044
782
134
978
1,931

1,581
370
872
1,545

1,970
930
50
1,000
1,620

1,843
290
81
903
764

9
21
1
12
15

1,130
289
45
745
731

615
214
37
451
594

515
75
8
294
137

Washington
West Virginia . . . .
Wisconsin. .
WVoming

12,590
11,687
13,767

10,151
6,898
10,684

3,889
2,843
3,567

2,431
1,508
2,140

29,061
22,936
30 158

20,122
16,524
21,853

2,848
2,372
1,445

2,387
1,266
2,397

2,605
1,665
2,670

1,099
1,109
1,793

18
20
33

1,406
1,623
1,604

998
1,049
1,095

408
574
o 509

Includes national bank notes outstanding; such notes amounted to $77,789,000 for the United States as a whole.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

TABLE D-4
SELECTED ASSETS AND LIABILITIES AND NUMBER OF NONLICENSED NATIONAL BANKS, BY STATES, JUNE 30, 1934
[Amounts in thousands of dollars]
ASElets

State
Loans

United States
Alabama
Arizona
Arkan^aft
Colorado
Connecticut .
Delaware
District of
Columbia
Florida
Georgia
I*taho
Illinois
Indiana
Iowa
Kansas

Michigan
Minnesota
Mississippi
Missouri T
Montana

Nebraska
Nevada
....
New Hampshire.
New Jersey
New Mexico

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Other

Deposits

Borrowings

Cash and
due
from
banks

9,653

7,325

2,328

42

29

13

2,138

6
490

32
33
85

25
450
275

2
81
44

1
4
3

12
374
159

10
317
111

2
57
48

1 126

676

77

123

200

60

150

105

45

820
177

9 063
1 917

7,460
1 568

206

374
49

650
237

373
63

12
4

1 287

1 016
156

271
29

65

565

372

10

75

75

33

52

43

50

1
1
1
1

41
695
21
83

29
518
11
58

12
177
10
25

10,038

250

28

72

1,453

38
788
336

16
358
72

182

3,192
1 116

117

367

56
593
341

340

363

271

152

2,809

3,346

2,088
728

162

118

712

250

297
293

108
749
59
195

1 , 004
71
264

35
170
40
95

9,144

5,711

481

1 050
501

353
228

135
534

2 019
2,740

1 584
2,125

880

294

617

55

1 846

1 444

5,073

5,186

762

1,463

12 484

1,477

Reserves
with
F. B.
banks

95
1

97,999

316

86

RelatecI assets
Unrestricted
deposits

8,011
g

136,128

67

129

Number
of
banks

25

14,896

48

7,221

Other i

Other
capital
accounts

12,932

20,123

16

315

Capital

7,148
5

33,308

185

220

....

Cash
assets

Memoranda

Liabilities

67,801

697

Kentucky
Louisiana
Maine
Maryland
Massachusetts

Investments

Total
assets
Total
liabilties
and
capital
accounts

358

467
847

206
727

9,099

185

90

50
6
52
60

1,200

g
11
54

103
250

78
42

200
255

54
68

3
4

149
112

132
68

17
44

117

175

110

363

308

55

419

800

472

291

181

110

2,216

1,694

65
60

1,489
2,203

1,480
1,030

525
1,046

411
697

3,905
4,976

3,025
2,308

249
522

126
840

425
800

80
506

4
3

269
656

178
439

91
117

2,354
162

882
273

664
110

575
134

4,475
679

3,425
311

251
68

126
100

435
200

238

5
1

362
43

266
33

96
10

267
34,934

160
14,603

248
8,136

59
7,936

734
65,609

575
47,666

20
3,287

12
4,006

125
6,375

2
5,275

2
20

183
3,410

172
2,477

11
933

South Dakota

361

204

173

65

793

717

TW^BSCC . , . . . . , .

923
509
493
432
955

51
141
15
158
239

187
346
56
95
269

114
253
26
15
145

1,275
1,249
590
700
1 608

905
703
365
584
1 246

207
143
98

54
99

570
165

184
554

153
315

192
20

1,099
1,054

823
907

23

New York
North Carolina . . .
North Dakota
Ohio
Oklfth om a
Oregon

. ..

Pennsylvania

Te*a
Utah
Vermont
Virginia

-.

Washington

West Virginia
Wisconsin

73

54

19

25
64

80
170
50
60
200

29
134
77
41
98

1
3
1
1
1

105
228
49
31
68

99
206
40
24
40

6
22
9
7
28

70
25

140
65

43
57

2
1

86
174

33
172

53
2

75

Includes national bank notes outstanding; such notes amounted to $5,754,000 for the United States as a whole.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

1
*ri*

00

WW

TABLE D-5
Cfl

I
I

SELECTED ASSETS AND LIABILITIES AND NUMBER OF NONLICENSED STATE BANKS, BY STATES, JUNE 30, 1933
[Amounts in thousands of dollars]
Ass ets

State

Other

Total
assets
Total
liabilities
and
capital
accounts

Liabilities

Deposits

Borrowings

Investments

Cash assets

944,540

404,060

163,368

173,013

1,684,981

1,179,133

6 672

493

1 612

982

9,759

6,485

6,649
3 412
1,775

1,341
3,195
543

1,784
638
570

1,059
902
356

10,833
8,147
3,244

6,903
6,051
2,157

1,601
656
169

Connecti cut
Delaware
District of Columbia
Florida
Georgia

732
241
10,158
2 658
2 281

379
85
3,117
1,816
- 1 576

143
10
1,931
769
297

29
38
3,215
1,821
664

1,283
374
18,421
7,064
4,818

935
282
13,519
4,307
2,105

88

Idaho
Illinois l
Indiana
Iowa
Kansas .

33
38 767
30,875
63 793
1,836

55
16,970
9,065
21,510
178

68
6,654
4,728
15,469
402

12
6,318
5,157
10,377
226

168
68 , 709
49 , 825
111,149
2,642

110
47,651
35,752
84,413
1,850

1,541
25 383
52 082
102 164
13 461

282
10,193
22 557
62,225
4,763

205
3,625
5,405
15,115
1,912

188
2,354
6,447
16,250
1,548

2,216
41,555
86,491
195,754
21,684

990
29,964
68 , 402
136,350
14,354

Michigan
Minnesota
Mississippi
Missouri .
Montana

190,504
3 707
2 300
26 707
875

81,388
1,924
922
10,983
714

37,935
672
725
7,354
433

46,971
514
226
4,280
327

356,798
6,817
4,173
49 , 324
2,349

233,440
5,*327
3,026
35,755
1,752

Nebraska

14 592
251

4 885
208

5,451
162

2,921
52

27 , 849
673

21,101
521

626

48 591
1,486

20,685
694

1,345
484

6,121
158

76 , 742
2,822

44,312
2,223

16,103
133

Loans

United States
Alabama
Arizona
Arkansas
California
Colorado

...r , . . .

Kentucky
Louisiana . .
Maine
Maryland 2
M a ssaoh u setts

NPW H

*mhirp

New Jersey
New Mexico

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Oft

Capital

Other

Other
capital
accounts

Number
of
banks

136,438

147,720

103,526

2,099

1,361

942

971

17

16
16
57

1,666
1,005
643

647
419
218

53
10
24

2,754
395

100
745
1,476

150
50
1,140
980
595

110
42
908
637
642

1
1
9
21
2

5,042
9,961
268

8,308
198
325
33

40
7,901
5,458
10,469
340

18
4,849
3,375
5,981
151

2
60
110
288
13

175
1,629
9,927
13,569
3,724

615
2,701
3,898
13,862
1,350

153
1,876
4,264
12,990
2,256

6
27
14
48
5

75,271
2
516
399

28,152
678
482
5,082
440

18,628
261
149
3,532
111

268
34
16
157
8

4,054
75

2,068
76

160
2

2,125
39

5,745
275

8,457
152

15
2

118,164

283
5,385

18,983
1,307
549
4,556
46

1
2

Includes one mutual saving


Includes three mutual savin]

Digitized for FRASER


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Federal Reserve Bank of St. Louis

24 239

6,950
171 942
2,933
3,894

5,449
115,941
2,003
2,474

449

263

121
481

141
780

1 081
3,522

2,042

185

1,104
2,250

7,810
8,025

5,647
4,332

604

688

1,172
16,348

1,016
8,107

7,477
12 , 060
130 477

4,954
8,786
100 , 725

479

21,982
2,541

9,127
1,513

9,438

3,523
90 751
1,444
2,076

1,898
45,074

957

572

11,878

786
1,709

33
552

4 904
3,280

1,617
1,397

1,098

4,295
7,173
72,373

1,890
2,699
33,649

Oregon
1*6 nnsy 1 v a ni a
Rhode Island
South Carolina
South Dakota

Washington . . . .
West Virginia
Wisconsin *

17,153
6,489
2,495
82,979
6,552

1,596
1,194

488

14,008
6,795
1,898
71,716
4,017

Tennessee
Toxas
.. .
Utah
Vermont
Virginia

22 , 128
10,207
3,265
112,263
8,815

1,270
1,533

New York
North Carolina.
North Dakota
Ohio
Oklahoma

266

mk.
banks.

5,254

685
400

988
532
123

163
502
30

744

338
784
30

2,160

245
232
399

471
3
956
317

503

13 , 723

19,390

188
40

812
1,532

779
516

11,712

1,600
2,118

1,215

8,752
1,079

5,853

415

884
120

468

686

311

17,065

12,741

2
49
24
107
60

436
497
60

200
719
100

106
164
26

20
72
1
20
1

140
562

85
780

44
138

3
16

231
2,495

225
937

175
261

3
11

6
662
624

1,170

568

12,021

1,116
5,395

33
14
290

6,805

980

' Includes two mutual savings banks.

I
d
00

TABLE D-6
SELECTED ASSETS AND LIABILITIES AND NUMBER OF NONLICENSED STATE BANKS, BY STATES, JUNE 30, 1934
[Amounts in thousands of dollars]
Asslets

State

Other

Total
assets
Total
liabilities
and
capital
accounts

Liabilities
Borrowings

Investments

Cash assets

139 931

71 351

43 479

34,684

289,445

216,807

9,283

1 403

107

328

221

2,059

1,386

150

907
2,103
527

241
1,590
190

373
513
234

233
895
276

1,754
5,101
1,227

1,120
4,111
707

52

373
510

79
403

107
202

160
525

719
1,640

646
1,073

23

Kansas

1,820
10,930
10,103
56

584
5,485
4,275
11

495
2,837
7,476
13

159
3,150
2,711
18

3,058
22,402
24 , 565
98

2,445
17,527
20,544
75

905
439
1

Kentucky
Louisiana
Maine . .
Maryland
Massachusetts

116
1,163
1 594
13,109

22
506
656
10,936

37
210
475
3,673

50
21
118
572

225
1,900
2 843
28,290

117
1,099
2,281
20,365

Michigan
Minnesota

14,073

12,206

7,851

3,454

37,584

29 , 004

256
7,378
430

38
3,013
66

153
2,658
62

36
1,751
102

483
14,800
660

364
11,598
414

1,813
288

371
185

1,441
211

468
67

4,093
751

2,919
573

12,508

6,564

5,421

25,712

17,385

Loans

United States
Alabama
Arizona
.. . ,
Arkansas
California
Colorado

Deposits

Capital

Other

14 498

Other
capital
accounts

Number
of
banks

31,265

17 , 592

240

283

478
4

193
12
139

378
760
316

63
166
65

14
5
7

190

50
140

237

1
4

198
108
71

300
2 , 672
2,465
15

115
1,190
1,046
7

1
36
66
1

5
527
208
3,106

90
96
145
3,800

7
178
209
1,019

2
1
g
1

11

3,254
9
78

3,874

1,441

100
1,804
120

10
835
32

105
1
64
4

720
80

454
94

30
3

3,649

2,700

1,978

Connecticut
District of Columbia
Florida
Georgia
Idaho
lUinois

Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico

Digitized for FRASER


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Federal Reserve Bank of St. Louis

..

1,219

485
94

New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania . ,
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
\Vashington
West Virginia
Wisconsi n
Wyoming
1

635
328

'
..

109
40

103
83

937
459

392
365

29,925

10,522

5,740

5,695

156

51,882
2,188

41,194
1,786

931

347

586

215

1,647
22,293
822

799

597

636

16,581

8,014

4,040

5,667

2,079
34,302

473

180

248

180

1,081

417
972

207
387

80
171

27
508

2,038

1,169

2,773

1,574

243
33

881
10

5,471

143
355

98
346
541

101
423
227

3,125
4 381

129

292

2,001
2 215

Includes one mutual savings bank.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

90
8

1 398

731

173
634

40
26

18

392
60

3,282

898
30

3,695

58

290

210

95
8

2,813

7
4
36
7

156

1,603

3,998

4,202

83

7
14

232

25

377

64
3

60
383

29
106

2
6

4,446

698

40

150
25

137
12

2
1

424

60
364

19
79

125
325
465

25
132
340

4
6
12

588

136

2,285
3 507

2,206

Appendix E
COMPOSITION OF ASSET AND LIABILITY ITEMS

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Federal Reserve Bank of St. Louis

86

All-Bank Statistics
COMPOSITION OP ASSET AND LIABILITY ITEMS
Items reported by banks

Revised series
Assets

Revised series

Items reported by banks

AssetsContinued

Loans secured by mortgages


on real estate
Loans secured by real estate
mortgages or other liens or
realty
Loans on farm land
Real estate loans
Loans on residential properties
Loans on other properties
Bonds and mortgages
Mortgages purchased
Mortgages owned
Loans on demand or time secured by stocks and bonds
Loans on demand or time secured by other personal
securities including merchandise, warehouse receipts, etc.
Loans on securities
Loans on demand <jr time secured by collateral
Loans secured by collateral
other than real estate
Loans on collateral . . . Loans on other collateral
security
Loans on public funds (loans
secured by securities of
national, State, and local
governments)
Loans to banks and trust
companies on securities
Loans to brokers and dealers
Other loans for the purpose
of purchasing or carrying
stocks, bonds, and other
securities
Loans on demand or time, unsecured by collateral
Loans on demand or time
with one or more individual
or firm names
Loans on demand or time,
single-name paper (one person or firm) without other
security
All other loans 1
Loans on personal security
Loans on depositors' books
Acceptances or bills of exchange purchased or discounted
Syndicate participations
Customers' liability on account of drafts paid under
, letters of credit

' Advances to trust estates


Personal loans
Commercial paper bought in
open market
1
All other loans
Overdrafts
Continued
- Notes and bills rediscounted
Loans to banks and trust
companies, not secured by
collateral
Loans and discounts not
classified
' United States bonds
Premium on United States
bonds
Payment on account of subscription to Liberty Loan
bonds
United States bills
United States certificates of
indebtedness
United States Victory notes
United States GovBonds deposited with United
ernment
obligaStates Treasurer to secure
tions 2
...
Postal Savings deposits
War savings certificates
Thrift stamps
Bonds fully guaranteed by
United States:
Reconstruction Finance
Corp.3
Home Owners* Loan Corp.3
Federal Farm Mortgage
Corp.
Federal Housing Corp.
Other Government corporations and agencies
' State, city, town, county, or
other municipal or district
bonds
State warrants
Obligations of States
Special warrants
and political subSchool and county warrants
divisions
Tax certificates
Loans to towns, villages,
school districts, etc. , including warrants
Territorial and insular possessions
t
' Bank stock
Stocks of other corporations
Railroad bonds
Other securities *
< Railroad notes
Terminal company bonds
Collateral trust and other
corporation notes

1
For the period 1921-1928, foreign bills of exchange or drafts
sold with indorsement, then regarded as rediscounts and included
in gross loans and discounts, were deducted from loans and from
total 1assets of Federal Reserve member banks.
To conform with current practice, amounts of U. S. Government securities borrowed by national banks were deducted from
their reported holdings in 1903-1925.

'Initially, obligations of the Reconstruction Finance Corporation and the Home Owners' Loan Corporation were guaranteed 4as to interest only; those issued later were fully guaranteed.
To conform with current practice, amounts of other securities
borrowed by national banks were deducted from their reported
holdings in 1914-1925.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Appendix

87

COMPOSITION OF ASSET AND LIABILITY ITEMS (Continued)


Revised series

Items reported by banks

AssetsContinued

Other securities4
Continued..

Cash items in process


of collection (float),

Currency and coin..

Bankers1 balances (including reserves)6..

Bonds of privately owned


public utilities
Federal Reserve Bank stock
Obligations of:
Federal land banks
Federal intermediate credit
banks
Other Government corporations not fully guaranteed
by United States8
Stocks and bonds taken for
indebtedness
Premium account
Bonds of foreign governments
Other foreign bonds and securities
Obligations of foreign state.
provincial, and municipal
governments
Stocks and bonds of foreign
corporations
Checks on other banks and
other cash items
Exchange for clearing house
Outside checks and other
cash items
Items with Federal Reserve
Banks in process of collection
Bills of other banks
Notes of other national banks
Fractional currency
Specie
Legal tender notes
United States certificates of
deposit for legal tender
notes
United States certificates for
gold deposited
Silver certificates
Federal Reserve notes
Federal Reserve Bank notes
Cash in vault
Lawful money reserve
Due from national banks
Due from State banks
Due from Reserve Agents
Due from private banks and
bankers
Due from Federal Reserve
Banks
Due from bankers and trust
companies
Cash on deposit in banks
Cash in other banks
Collection accounts (balances)
Lawful reserve with Federal
Reserve Banks

For
notes 3 and 4 see opposite page.
1
Beginning in 1942, demand balances due from other banks
and those due to other banks exclude reciprocal bank balances,

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Revised series

Items reported by banks

AssetsContinued
' Balances payable in dollars
due from foreign branches
of other American banks
Due from banks and bankers
in foreign countries
Bankers' balances (in- Balances not subject to imcluding reserves)
mediate withdrawal with
Continued... .
banks in the United States
and foreign countries
Time balances with other
banks
Balances with banks in foreign countries
Banking house, furniture, and
fixtures
Other real estate owned
Redemption fund with United
States Treasurer
Due from United States
Treasurer
Internal revenue stamps
United States and other bonds
borrowed
Other securities borrowed
Real estate owned for banking purposes
Real estate acquired by foreclosure
Safe deposit vaults
Due from branches (to the
extent not offset by due to
branches)
Guaranty fund and assessments
Interest in depositors guaranty fund
Other assets.
Accounts receivable
Insurance or other expenses
prepaid
Suspense account
Clearing house fund
Supplies
Accrued interest on loans and
investments
Customer's liability on acceptances
Cash items not in process of
collection
Foreign money
Due to banking department
from other departments
(to the extent not offset
by contra accounts)
Investments and other assets
representing bank premises
or other real estate
Interest, commissions, rent,
and other income earned
or accrued but not collected
Sundry assets
which totaled $643 million at all insured commercial banks on June
30 of that year.

88

All-Bank Statistics
COMPOSITION OP ASSET AND LIABIIJTT ITEMS (Continued)
Revised series

Items reported by banks


Liabilities

Due to national banks


Due to State banks
Due to private banks and
bankers
Due to trust companies
Due to savings banks
Due to Reserve Agents
Due to banks in foreign
countries
5
Interbank deposits . . < Due to clearing house
Time deposits of banks in
United States and foreign
countries
Balances due . to foreign
branches of other American
banks, but excluding
amounts due to own foreign
branches
' United States Government
deposits
Deposits of United States disUnited States Govbursing officers
ernment deposits... United States Treasurer's
time deposits, open account
War loans and Series E bond
accounts
Liberty Loan subscriptions
t United. States War Savings
' Letters of credit and travelers
checks sold for cash and
outstanding
Deposits subject to check
Deposits for payment of
coupons
Certified checks
Cashiers' and treasurers' or
other officers' checks
Dividends unpaid
Demand certificates
Deposits sub j ect to withdrawal within 30 days
Trust funds (not offset by per
Other demand
contra entry)
deposits
Special deposits
Guaranty fund deposits
Time certificates of deposit
payable within 30 days
State and municipal demand
deposits
Due to Federal Reserve Bank
Dividend checks outstanding
Uninvested funds of sinking
fund for railroads or other
corporations
Individual deposits subject
to check, less savings deposits
For note 5 see p. 87.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Revised series

Items reported by banks

Liabilities Continued

' Time deposits


Time certificates of deposit
Savings deposits
Postal savings
Christmas savings accounts
Trust funds subject to 30 or
more days notice
Time deposits, open account
Interim certificates
Time certificates payable after
30 days
Other time deposits. . Deposits evidenced by savings pass books
Deposits the payment of
which has been deferred
beyond the customary period by agreement with
depositors
Public funds of States, counties, school districts, or
other subdivisions or municipalities (time)
Deposits accumulated for
payment of personal loans
Bills payable
Notes and bills rediscounted
Certificates of deposit representing money borrowed
Borrowings
Bonds and other securities
sold under repurchase agreement
Real estate loans sold under
repurchase agreement
Circulating notes outstanding
National bank notes . . National bank circulation
National bank notes outstanding
Accounts payable
State bank circulation outstanding
United States and other bonds
borrowed
Other securities borrowed
Acceptances executed for customers and outstanding
Time drafts outstanding
Acceptances executed by
Other liabilities . . . .
other banks lor account of
reporting bank and outstanding
Reserves for interest, taxes,
and other expenses accrued
and unpaid
Interest, discount, and other
income collected but not
earned
Dividends declared but not
yet payable

Appendix E

89

COMPOSITION OF ASSET AND LIABILITY ITEMS (Continued)


Revised series

Items reported by banks

Liabilities Continued

Other liabilities
Continued

Capital

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' Mortgages or other liens on


bank premises or other real
estate
Reserves for alterations
Bank liquidation account
Fees, rents, commissions, and
other income unearned
Annuities on lives
Loans to customersuncompleted
Due on "future" accounts
Due to other departments
from banking department
(to the extent not offset
by contra accounts)
t
Capital stock
Common stock
Preferred stock
t Capital notes and debentures

Revised series

Items reported by banks

Liabilities-Continued

Surplus fund
Undivided profits, less expenses and taxes paid
Reserves for dividends, contingencies, etc.
Preferred stock retirement
fund
Surplus and other cap- Reserve for dividends payital accounts
able in common stock
Undivided earnings
Improvement fund
Guaranty fund (mutual savings banks)
Profit and loss
Stockholders statutory liability
t Reserve fund

Appendix F
INTERPOLATING TECHNIQUE NO. 2

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INTERPOLATING TECHNIQUE NO. 2

(1) Compute annual ratios of real estate


loans to total loans for Series X and Series Y
banks for 1935-1946 (columns 1 and 4 of
Table 1-A). Then compute a straight-line
trend between the ratios for the initial year
1935 and the terminal year 1946 (columns 2
and 5). Compute annually for each class
of bank for 1936-1945 the relationships
between actual ratios and interpolated-trend
ratios (columns 3 and 6).

Interpolating Technique No. 2 involves


several steps, which are described in the following paragraphs. In the example used,
real estate loans for Series Y banks are estimated for the years 1925-1934 on the basis
of the relationship of their behavior in 1924
and 1935-1945 to the behavior of such loans
at Series X banks. In those years real estate
loans were available for both classes of banks.

TABLE 1
COMPUTATION OF ESTIMATING STATISTICS
A.
Series Y banks

Series X banks
Ratio of real estate loans to
total loans

Year

Actual
(1)

1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946

20.0
22.9
25.9
27.0
30.2
31.2
34.6
35.4
38.9
39.6
43.2
42.0

Interpolated
trend
(2)

22.0
24.0
26.0
28.0
30.0
32.0
34.0
36.0
38.0
40.0

Ratio of
actual to
interpolated
trend

Ratio of real estate loans to


total loans
Actual

(3)

(4)

104.0
108.0
104.0
108.0
104.0
108.0
104.0
108.0
104.0
108.0

42.0
40.4
38.8
36.4
34.7
32.3
30.6
28.3
26.5
24.2
22.4
20.0

Interpolated
trend
(5)

40.0
38.0
36.0
34.0
32.0
30.0
28.0
26.0
24.0
22.0

Ratio of
actual to
interpolated
trend
(6)

101.0
102.0
101.0
102.0
101.0
102.0
101.0
102.0
101.0
102.0

B.
Year

1936
1937
1938
1939
1940
1941
1942
1943
1944
1945

(Col. 3 of
Table 1-A
minus 100)
(1)

(2)

16.0
64 0
16.0
64 0
16 0
64.0
16 0
64.0
16 0
64.0

4.0

8 0
4.0
8.0

4 0
8.0

4 0
8.0

4 0
8.0

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X*

400 0

92

(Col. 6 of
Table 1-A
minus 100)
(3)
1.0

&

xy

(4)

(5)

1.0

2 0

4 0

2 0
10

10

1.0

1.0
4.0

4.0

16.0

4.0

16.0

4.0

2.0

4.0

16.0

2.0

4.0
1.0
4.0

16.0

25 0

100.0

10

10

2.0

10

4.0

16.0

4.0

Appendix F
(2) Compute the difference between the
ratio of "actual to interpolated" and 100;
this represents the percentage-point variation
of the actual ratio from the straight-linetrend value. These variations for Series X
and Series Y banks appear as x and y,
respectively, in columns 1 and 3 of Table
1-B. Then compute (1) the coefficient of
association (axy), which is analogous to the
correlation coefficient except that differences
are measured from corresponding trend
values, and (2) mean square deviations of
Series X and Series Y (dx and dy), using the
following formulas (where
N equals the
number of years) and x2, yzt and xy as shown
in columns 2, 4, and 5, respectively, of
Table 1-B:
100
= 1.00
V (400). (25)

93

TABLE 2
APPLICATION OF ESTIMATING STATISTICS
A.
Series X banks
Year

Ratio of real estate loans to


total loans
Actual

Interpolated
trend
(2)

(D

1924.
1925,
1926.
1927.
1928.
1929.
1930,
1931,
1932.
1933.
1934.
1936.

Ratio of
actual to
interpolated
trend

31.0
31.6
29.8
29.6
27.8
27.6
25.8
25.6
23.8
23.6
21.8
20.0

(3)

30.0
29.0
28.0
27.0
26.0
25.0
24.0
23.0
22.0
21.0

105.3
102.8
105.7
108.0
106.2
103.2
106.7
103.5
107.3
103.8

B.

Year

Series X,
difference
from trend
(Col (3) of
Table 2-A
minus 100)
(D

* d*
(adjustment)
(2)

1925. . .
1926..
1927..
1928..
1929 . .
1930.,
1931 . .
1932.,
1933..
1934..

5.3
2.8
5.7
3.0
6.2
3.2
6.7
3.5
7.3
3.8

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25

= 6.32455
To obtain a measure of the average difference between amplitudes of movement in
the two series, express the standard deviations of the two series from their trends in
the following form:

d y _ l . 58113 _
d "6.32455

ay
a

dy

Col. m X
Col (2)
(adjusted
difference)
(3)
1.3
0.7
1.4
0.8
1.6
0.8
1.7
0.9
1.8
1.0

Col, (3)
plus 100
(4)
101.8
100.7
101.4
100.8
101.6
100.8
101.7
100.9
101.8
101.0

c.
Series Y banks Ratio of real estate loans to total loans

Thus, on the average, for every movement of


one point in Series X ratios, Series Y ratios
move one-quarter of one point.
(3) To apply these relationships in estimating real estate loans for 1925-1934 at
Series Y banks, compute for Series X banks
for this period (1) actual and interpplatedtrend ratios of real estate loans to total loans
and annual percentage relationships between
the two sets of ratios (columns 1-3 of Table
2-A) and (2) interpolated ratios for Series Y
banks based on reported data for 1924 and
1935 (column 1 of Table 2-C); these compu-

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Year

Interpolated
trend
U>

1924 . .
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1935.

31.0
32.0
33.0
34.0
35.0
36.0
37.0
38.0
39.0
40.0
41.0
42.0

Adjustment,
actual to
interpolated
trend
(2)

Estimated
final
ratio
(3)

101.3
100.7
101.4
100.8
101.6
100.8
101.7
100.9
101.8
101.0

32.4
33.2
34.5
35.3
36.6
37.3
38.6
39.4
40.7
41.4

94

All-Bank Statistics

tations are made in the same manner as


those in Table 1-A, described earlier.
The derivation of figures for 1925-1934 in
columns 2 and 3 of Table 2-C depends on the
following calculations shown in Table 2-B:
(1) For Series X banks, the annual differences from trend (column 3 of Table 2-A
minus 100) for 1925-1934; (2) the following
adjustment, consisting of the previously computed coefficient of association and mean
square deviations of each series (column 2):
0*,-^- = 1.0 (.25) = .25
(3) multiply this adjustment by the annual
differences shown in column 1 to obtain the
adjusted annual differences (column 3); (4)

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then add these adjusted differences to 100.


The resultsthe annual percentage relationships between actual ratios and interpolatedtrend ratiosappear in column 4, and also
in column 2 of Table 2-C.
Use these percentages in Table 2-C to
adjust the interpolated ratio trend for Series
Y banks in the period 1925-1934, that is,
multiply the interpolated-trend values in
column 1 by the adjusted ratios in column 2
to obtain the estimated final ratios in column
3.
Finally, multiply these estimated ratios
in column 3 of Table 2-C by the dollar
amount of total loans at Series Y banks for
1925-1935 to obtain estimates of real estate
loans at these banks.

PART IISUMMARIES BY STATES AND OTHER AREAS

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ALABAMA

Revised data for assets and liabilities and


number of all banks in Alabama, as of June
30 or the nearest available date, in the period
1896-1955 are shown in Table 1; for national
banks, in Table 2; and for State commercial
banks, in Table 3.1 A separate balance sheet
was not compiled for unincorporated banks in
this State because adequate data were reported, either separately or in combination
with data for other State commercial banks,
in the reports of the Comptroller of the Currency or the State banking department.
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the
principal methods and procedures used in
compiling the figures.
The figures for national banks in Alabama
were obtained from the abstracts and annual
reports of the Comptroller of the Currency
with relatively minor adjustments. A description of these figures is included in the United
States Summary. Compilation of figures for

State commercial banks presented a number


of problems and considerations not encountered in compiling the balance sheet for national banks. The following sections describe
these problems and the methods used in
deriving the revised series.
The primary sources of statistics for State
commercial banks for the period 1896-1933
were (1) figures reported to the Comptroller
of the Currency and published in his annual
reports and (2) figures published in the reports
and abstracts of the State banking department. These sources were supplemented by
data obtained from bankers' directories.
The sources of such statistics for the
period 1934-1946 were either (1) summary
figures of assets and liabilities of all State
commercial banks published or supplied by
the State banking department or (2) summary
figures for insured banks published or supplied
by the Federal Deposit Insurance Corporation
together with figures for noninsured banks
obtained from bankers' directories. Data for
this period are discussed separately because
of the substantially better coverage and more
consistent reporting beginning in 1934.
Beginning with 1947, all statistics for
State commercial banksincluding the breakdowns of loans, investments, cash assets, and
depositswere taken directly from data published or supplied by the Federal Deposit
Insurance Corporation.

1
Since there have been no mutual savings banks in Alabama, the figures for all commercial banks are identical with
those for all banks.
For the same reason, the term "State commercial banks"
used tn Table 3 is synonymous with "all banks other than
national"; it refers to banks that at one time or another during the period were designated in the annual reports of the
Comptroller of the Currency as "State banks," "loan and
trust companies," "stock sayings banks," or "private banks
and bankers" (unincorporated banks).

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96

Alabama

97

STATE COMMERCIAL BANKS, 1896-1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete or were not available.2 The United States Summary includes
a discussion and evaluation of alternative
estimating procedures considered, tested, and
used in one or more States. It also includes
examples of the use of banking trends as a
guide in making State estimates.
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET

The accompanying table shows adjustments made in figures published by the


Comptroller for number of banks and balance
sheets. Most of these changes reflect underreporting.
CHANGES IN NUMBER OF BANKS AND BALANCE SHEETS
Year or period

Additions

Deductions

Number of banks and corresponding balance sheets


65
59
56

1896
1897-1898
1899
1900
1901
1902.
1903
1904

.....

59
62
73
92
97
74

1910.
1913
1914

U2
W

Number of banks only

1916
1919
1

27
21
Unincorporated (private) banks.

In cases where the breakdown of a given item (for example, total loans) was not estimated on the basis of a
percentage distribution, but where one or more components
were estimated on the basis of data from various sources or
for various dates, the "other" category (for example, other
loans) is a residual.

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Less than one-fourth of all State commercial banks reported to the Comptroller
during most of the period 1896-1904, and 65
per cent reported in 1910. Since reports of the
State banking department were not available
until 1911, the number of banks was taken
from the bankers* directories and the aggregate balance sheet was estimated from information on capital accounts available in these
directories. In estimating the aggregate balance sheet of nonreporting banks, it was assumed that the ratios of capital accounts to
various asset and liability items were the same
as for banks reporting to the Comptroller.
Data that were nearer to the midyear call
date than those in the Comptroller's reports
for the years 1906-1908 were substituted for
the Comptroller's figures in those years. Figures for October 1906 and 1907, which were
shown in publications of the Comptroller for
1907 and 1908, respectively, were transferred
to the year in which the call was made; figures
for 1908 were estimated by interpolating each
balance-sheet item in dollar amounts between
reported figures for October 1907 and April
1909.
In the discussion in the following paragraphs of adjustments or estimates for individual balance-sheet items and their breakdowns, it should be noted that such adjustments and estimates were made prior to the
addition of nonreporting banks discussed
above.
LOANS

A complete classification of loans into


real estate, collateral, and "all other" was not
reported to the Comptroller regularly until
1934. In the years in which items were not
reported, figures were estimated.
Estimates of collateral loans and "all
other" loans, reported as a single total in 1899,
were obtained by applying to this total an
average of the ratios of each of these items to

All-Bank Statistics
the total computed from reported data for
1898 and 1900.
The loan breakdowns for 1905-1908 were
estimated by applying to total loans for each
year the percentage distribution based on reported data for 1909; for 1910, by applying
the percentage distribution for 1911. This
single year was used as the estimating base
for 1910 because of the sharp increase in total
loans between the calls for 1909 and 1910.
The loan breakdowns for 1916-1921, for
1924 and 1925, and for 1927-1931 were estimated by applying to total loans, ratios of
each subitem to the total that were derived
by interpolating between similar ratios based
on reported data for 1915 and 1922, for 1923
and 1926, and for 1926 and 1932, respectively.
INVESTMENTS

A complete classification of investments


into United States Government, State and
political subdivision, and other securities was
not reported to the Comptroller regularly until
1934, although figures for United States Government securities were complete with minor
exceptions after 1918. In the years for which
items were not reported, figures were estimated.
United States Government securities*
Estimates for the period 1896-1908 were made
by applying to total investments in each year
the ratio of United States Government securities to total investments computed from reported data for 1909. Since amounts for this
item as well as for total investments were
comparatively small when the breakdown was
reported in 1909, it seemed reasonable to
assume that amounts were small for the
earlier years also.
An estimate for 1914 was made by applying to total investments the average of the
ratios of United States Government securities
to total investments computed from reported
data for 1913 and 1915.
For 1918, when United States Government
securities were again unreported, an estimate
was made by assuming that holdings of these

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securities accounted for the same proportion


of the change from 1917 to 1918 in total
investments as was computed for Alabama
national banks.
Obligations of States and political subdivisions. The amounts of these securities
were estimated for 1896-1908 and 1914 in the
manner described for United States Government securities for these years.
Estimates for 1916-1921 were made by
applying to total investments less United
States Government securities, annual ratios
of State and political subdivision securities to
this total that were derived by interpolating
between similar ratios based on reported figures for 1915 and 1922. This estimating procedure was followed in order to avoid the
influence, on the rest of the investment breakdown, of the rapid growth in United States
Government security holdings during these
years.
Estimates for 1923-1925 were made by
applying to total investments less United
States Government securities the average of
the ratios of State and political subdivision
securities to this total computed from reported
data for 1922 and 1926. The ratios for these
two years were very similar. Figures for
1927-1931 were estimated by applying annual
ratios derived by interpolating between ratios
for 1926 and 1932.
DEPOSITS

The breakdown of deposits into interbank, United States Government, other demand, and other time was adequate, after
some minor revisions, in the reports of the
Comptroller beginning with 1914, although
reported figures for United States Government
deposits were supplemented in a number of
years.3 No attempt was made in the revised
series to provide figures for the latter item
prior to 1918 because practically all such
deposits were held by national banks.
8
In subsequent paragraphs these items (if discussed) are
designated and arranged as follows: demand, time, interbank,
an'd United States Government. This order differs from that
in the tables.

Alabama

99

In years when items were not reported,


figures were obtained from other sources or
were estimated.
The breakdown of total deposits other
than interbank into demand and time was
estimated for 1896-1908 by applying to this
total, annual ratios of time deposits to the
total that were extrapolated from a straightline trend of sudh ratios computed from reported data for 1911-1923. The breakdown
for 1910 was derived by applying the average
time-to-total-deposits ratio computed from
reported figures for 1909 and 1911.
Figures for United States Government
deposits for 1918-1930 represent such deposits
at State member banks only, which held practically all of this type of deposit at State
commercial banks. Figures except for 1918
are as reported. The figure for 1918 was esti-

mated by applying to United States Government deposits at all State member banks in
the United States on June 30 of that year, the
ratio of these deposits at State member banks
in Alabama to such deposits at all State
member banks on June 30, 1919.

STATE COMMERCIAL
The principal assets and liabilities of all
State commercial banks for 1934, 1935, 1940,
and 1941 were taken from annual reports of
the State banking department. Comparison
of these figures with totals obtained by combining data for insured banks published by
the Federal Deposit Insurance Corporation
with data for noninsured banks from bankers'
directories indicated no need for adjustments.
For 1936, 1938, and 1939, June 30 figures
were not available in State banking department reports because the State had made no
June 30 call for condition reports. For June
30, 1937, the figures for some of the principal
items of all State commercial banks were
available in the summary report of condition
published by the State banking department,
but these totals were smaller than the figures
for identical items at insured State commercial
banks published by the Federal Deposit Insurance Corporation. Because of these discrepancies, the principal assets and liabilities of
each noninsured bank for June 30, or the nearest available date, for the period 1936-1939
were obtained from bankers' directories.

BANKS, 1934-1946

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OTHER ITEMS

Small amounts of cash items in process


of collection were estimated for 1905, 1907,
and 1908 by' applying to total cash assets in
each year the ratio of this item to total cash
assets computed from reported data in a
nearby year or years.
Borrowings, reported with "other" liabilities in 1896-1908, were estimated by applying
to that total for each year the ratio of borrowings to that total computed from reported
data for 1909.

For 1942-1946 the Federal Deposit Insurance Corporation made available condensed
balance-sheet data covering noninsured banks,
which it had compiled from the balance sheets
of individual banks obtained from the State
banking authority or from bankers' directories.
For both 1936-1939 and 1942-1946, figures for
noninsured banks were added to those for
insured State commercial banks.
The breakdowns of some of the principal
asset and liability items that were required
for the all-bank series were not available for
noninsured banks for every year during the
1934-1946 period in the sources cited. The
breakdowns of the following items were estimated on the basis of the percentage distribution of such items at insured nonmember
commercial banks in corresponding years:4
loans, 1934-1946; securities other than United
States Government obligations, 1934-1941;
cash assets, 1934-1946; and deposits, 19341946.
* It should be noted that during the period 1934-1946, total
deposits of noninsured commercial banks amounted to less
than 1 per cent of total deposits at all commercial banks in
the State.

100

Alabama

All Banks7b&/e 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year

Real
estate

Total

Collateral

All
other

1896
1897
1898
1899

15.439
15.394
15.245
16.356

3*753
1.394
1*236
1*306

4.311
3.309
4*686
4*601

7,375
10*691
9.323
10.449

1900
1901
1902
1903
1904

20.391
23.030
28.564
32.609
38.370

1.128
4.420
3.421
3.967
2*683

5.147
6*933
6,736
9,373
10.519

14*116
11*677
18,407
19*269
25.168

1921
1922
1923
1924

187*118
169*610
159,685
182.277
191,953

21*209
20,624
20,901
21*672
23*951

68.774
68,192
63.597
72,554
78.053

97.135
80,794
75,187
88*051
89*949

1905
1906
1907
1908
1909

43.625
58.685
64*370
59.886
58.311

2.849
3*921
4,397
4*139
4*255

11.744
16*634
18*156
16.959
21.975

29,032
38,130
41,817
38,788
32,081

1925
1926
1927
1928
1929

205,980
223,531
221*666
243,694
249,358

26,171
29.347
28,995
30,361
31,583

81.515
90.374
82.682
90.704
53,542

98*294
103**810
109.989
122.629
164.233

1910
1911
1912
1913
1914

72.774
76.784
90.061
92.705
95.368

5.9.17
6*315
7.927
6.822
5.576

23*212
25,208
27,275
26,084
22.087

43,645
45,261
54,859
59,799
67.705

1930
1931
1932
1933
1934

210,817
170*145
130,506
98*367
94,990

29,122
23.509
20.785
16,535
14,142

36*114
28,989
21,732
18,960
17,352

145.581
117.647
87*989
62,852
63,496

1915
1916
1917
1918
1919

84.749
86*169
94220
108*398
134.057

8,713
9.376
10.464
12.538
14,970

26*557
28.518
31.121
36.735
49,703

49,479
48,275
52,635
59,125
69,384

1935
1936
1937
1938

108,612
90,798
106*487
123.105

13,586
14,608
17,656
18*805

16*686
12,885
12*653
11*960

78.340
63,305
76,178
92,340

1920

Loans1
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

76,951

Other

4.810

11,012

7,323

1.702

5.130

2,224
31.324

4.099
4,456

12.158
13.748
13.352
14*707
13*458

6.777

2,057

5.390
5*619

1.067
1.511
1*188

21.872
24.161
14.175
10,127
7,446

7672
11*348
13*572
14.523

15,085
26,630
43,647
51*397.
51*678

1*921

7,189

3*147
3*166
2*338
2,041

6,274
5,009
4*200
4.736

15*841
16.425
17.119
17*840
18.243

2.777

5*320

20*089

1940
1941
1942
1943
1944

127.114
146*940
146*417
123*483
164.373

61,622
69.170
74.966
65,224
75.934

1,087
784
548
564
870

1945
1946
1947
1948
1949

171*568
213.625
282.876
339,128
372.641

91.676
99.956
131.079
166.596
194.028

1*444
3.822

1950
1951
1952
1953
1954

399*100
434.094
448*532
490.621
521*341

166*954
192.850
197.001
202.130
242.996

1955

572,056

243,374

1.318

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

On
farm land

On
residential
property

5.013

Other
loans
to
individuals

8.185
7.111

All
other

38*762
47.377
43*608
11*135
9*917

7*403
9*402

18,127
19,012

6,951

20,390
33,530
58,982
74*244
78,829

9*137

8.703
15.375
17.344
20.105

73.353
69*258
60.529
70.899
67.941

19*649
18,454
17*780
18.342
20,011

104,547
119.501
137.667
159,202
160*972

15,310
15,659
18.514
24,956
13,678

73.557

25,050

181,953

30*603

9,151

7,203
6,442
8,789

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Alabama

101

Table 1All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments

u. s.

Year
Total

Government
obligations

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

2.580
2.887
3152
5i064

1,427
1,414
1*094
1,599

678
807
1,047
1,625

475
666
1,011
1,840

4,573
4,086
8,481
10,180

60
85
174
91

1.863
1,663
3,390
2,958

2,650
2338
4,917
7,131

1.280
2.143
1.013
1.331

23,872
24,510
27,891
32,931

1900
1901
1902
1903
1904

6,059
4*839
5,582
5,725
6,944

2,212
2,378
2,515
3,179
4,012

1,791
1*298
1*463
1,312
1,442

2,056
1,163
1,604
1,234
1,490

12*428
9,624
12.358
13,551
16,890

190
271
182
339
463

3,542
3,270
4,626
4,048
5,004

8,696
6,083
7,550
9,164
11,423

1.840
1.812
1.947
1,922
2.717

40,718
39,305
48,451
53,807
64,921

1905
1906
1907
1908
1909

7,212
8,724
12,985
13,333
12,870

4,458
5,338
6*886
7,724
7,928

1,293
1,571
2,880
2*656
2,434

1*461
1.815
3,219
2,953
2,508

18,952
19,300
20,410
19,215
21,195

468
594
617
665
690

5.436
6.330
6,131
6,748
6,860

13.048
12,376
13,662
11,802
13,625

2.602
3.209
3.664
4,512
4*462

72,391
89,918
101,629
96,946
96*858

1910
1911
1912
1913
1914

13,356
13,945
15,669
15,768
17,115

7,831
8,194
8,758
8,936
9*598

2,695
2,838
2,467
2*482
2,814

2,830
2,913
4,444
4,350
4,703

20,377
23,632
26,015
24,530
28,203

791
710
597
1.578
709

7,175
7,268
7,477
7,618
8*137

12,411
15,654
17,941
15,334
19,357

5,176
5,559
4,874
6.599
7.339

111,683
119,920
136,619
139,602
148,025

1915
1916
1917
1918
1919

17,397
16,844
20*388
34,723
48,380

9*595
9,603
10,790
24*181
37*061

2,599
2*586
2,729
2,836
3,046

5,203
4.655
6.869
7,706
8,273

24,380
32,245
36,688
46*184
47*703

665
1*230
1*345
3,013
3,746

6,791
7,815
3,310
7,029
8,047

16,924
23,150
27,033
36,142
35.910

6,866
7.034
7,627
9,746
9,124

133,392
142.292
158.923
199,051
239,264

1920
1921
1922
1923
1924

42,245
36,322
31,791
40,708
41,455

29.762
24*448
18*451
22.872
18.907

3,219
3,320
3,743
5,590
7,479

9,264
8,554
9,597
U246
15,069

51*280
38,897
42,138
50,523
54,531

5,119
3,179
4,200
5,389
4,895

9,531
7,349
6,884
6*526
8,090

36,630
28,369
31,054
38,608
41,546

8,804
8*883
10,542
12*674
12.980

289,447
253.712
244,156
286,182
300,919

1925
1926
1927
1928
1929

42,751
45*654
50*408
57,958
57,508

16,736
15,560
18,689
20,696
22,381

8*283
10*363
10,700
13,028
12,469

17.732
19,731
21,019
24,234
22,658

54,233
55,850
60,351
52,906
51*174

6.869
6,630
6,841
6,348
6*373

8,561
9,407
9,445
8,150
7,498

38,803
39,813
44,065
38.408
37.303

14.093
14,639
16,816
18,372
19.851

317,057
339,674
349,241
372,930
377,891

1930
1931
1932
1933
1934

51,409
56,452
56,416
57,299
72,761

20,088
22,330
25*108
29*150
36*858

10,434
13.518
12*354
12,085
18,413

20,887
20.604
18*954
16.064
17,490

52*428
48,393
31,646
38,489
60*420

6*234
3*589
2,054
2*748
4.731

7,877
7,808
5,551
5,099
5,118

38.317
36,996
24,041
30,642
50,571

19,418
18,682
18,406
16,794
17,573

334.072
293,672
236,974
210,949
245,744

193S
1936
1937
1938
1939

78,743
98*526
102,901
85,507
92,486

42,324
55,487
56,800
38,599
41,759

23*139
30,118
33*160
34.618
38*435

13.280
12.921
12.941
12.290
12.242

56,262
90,889
87,748
79.372
103,552

4*659
5.398
6.036
5.613
7.342

5,506
7,639
8,064
7,667
7,926

46.097
77,852
73,648
66,092
88,284

18,299
17.550
17.122
16*912
16*960

261,916
297,763
314,258
304,896
348.791

1940
1941
1942
1943
1944

99,817
108*785
184,900
399,371
506,257

46,845
50,078
121*506
329.909
438*062

42.292
47.328
51*282
57.413
57,906

10.680
11.379
12,112
12,049
10,289

134,214
181*285
218*708
251*309
265.338

8.793
9.635
14.435
15,993
17,409

8,274
10,227
14,861
18,344
20,608

117,147
161,423
189,412
216,972
227,321

17,831
17*574
16*350
14,930
13,067

378,976
454,584
566,375
789.093
949.035

1945
1946
1947
1948
1949

674,604
763,160
628,324
588*559
546*015

596,340
667,730
526,178
478,823
435*719

64.135
74.325
81.210
86,719
89,756

14,129
21*105
20.936
23,017
20.540

310.743
318,999
297.345
304.623
302.345

20.310
23.580
19.173
23.100
23.239

19,716
21,157
24,910
28,863
28,552

270,717
274,262
253,262
252,660
250,554

12,814
13*202
11*968
13*152
13*503

1*169,729
1,308,986
1,220,513
1,245,462
1,234*504

1950
1951
1952
1953
1954

556,178
545,779
613*691
609,829
665,626

439,041
422,646
469,313
456,145
490,787

96,362
102*110
123,119
132,781
150,287

20,775
21.023
21.259
20,903
24,552

293,644
334,872
365*660
357,769
356,498

27,830
32,622
30,120
48,^11
55*388

24,423
25,359
31,460
33,532
33,502

241,391
276,891
304,060
275,826
267,608

13*993
15,427
16.229
16,428
16,980

1*262*915
1,330,172
1,444,112
1.474.647
1.562,445

49.257

34,937

286,019

679,736

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

102

Alabama

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated, Amounts in thousands of dollars]
Deposits
Year
Total

Interbank

1896
1897
1698
1899

11*540
16t204
21.931

1900
1901
1902
1903
1904

26,522
24.561
32.239
34.185
41.624

1905
1906
1907
1908
1909

46,551
55*802
64*550
58*240
59.021

2.762
3*602

1910
1911
1912
1913
1914

l i t 545

U.S.
Government

Other
demand

Other
time
1*377
1,439
2.200

358
412
563
2,266

94
94
100
195

9.595
13.341
16*816

1,278

251
251
451
498
401

21.370
19.979
25.774
27.511
33i331

3*623
2*937
4*344

3*610
4.033

265
264
949
1*166
522

36.723
43*454
48*864
42*664
44*641

6*601
8,482
10*612
10.778
9*825

67.068
74,622
88*626
86*437
94.748

4*340
4.536
6,635
5,072
5*746

309
345
342
260
394

46.021
51.390
59*008
57*062
65*066

14,398
18.351
22*441
24*043
23.542

1915
1916
1917
1918
1919

79,842
92,916
110.468
147.396
178.333

4*676
5,293
7,235
6,568
8*690

329
326
321
4,109
2.023

55*441
63*083
73*630
99*632
121.944

19*196
24*212
29*282
35*087
45.676

1920
1921
1922
1923
1924

215*464
172.839
175.708
213*841
226.904

8,515
6.107
8*191
10.128
9.559

741
692
837
1.124
815

146,055
106.900
105,545
129,524
128,749

60*173
59*140
61.135
78.065
87*781

1925
1926
1927
1928
1929

243.385
261,296
269,371
279.862
265,447

10,446
10,660
12,071
10*146
9*388

1*626
2,457
2.923
3.433

138.199
145,888
148.090
151,418
138,067

93.112
103*177
106*753
115.373
114.559

1930
1931
1932
1933
1934

240*404
214,743
162*204
147,800
183,180

6,488
10,120

126,232
110,983
77.114
67*821
87,742

101.735
90*102
74*012
63.773
72*923

1935
1936
1937
1938
1939

206*508
249,501
263*412
255,147
298,287

15,063
22,971
21*884
20,752
32*359

6.394
9.747

3.315
2.143
6,114

108.844
132.700
147*060
139.892
161*566

78*207
84*083
91,133
92*360
96*228

1940
1941
1942
1943
1944

328,371
402,094
511*862
731,198
888.136

38.449
50*492
55,707
60,200
59.509

6.933
9*350
13.141
53.079
119*488

179.358
232*617
326.097
488.643
553.109

103*631
109*635
116.917
129*276
156.032

1945
1946
1947
1948
1949

,103,249
,236*225
1*141,783
,159,874
,142,273

72.295
71*764
58.929
53.720
46.852

129,779
92.787
9.968
14.252
12*162

696*582
829.551
819*262
836.402
825.210

204*593
242.123
253.624
255*500
258*049

1950
1951
1952
1953
1954

.163,815
.224,477
329.952
1*352,762
1*431,576

55*604
65.235
73.781
70.324
74,687

22.645
34.653
33*411
25*885
40.566

824,937
866*945
944*696
957*887
990,070

260*429
257,644
278*064
298*666
326*233

1955

1*394

1,670
1,625
2,228

4.125

6,521
7,891
14,254

1.571

3,949
3.538
4.557

8.315
8.261

9.716

2*654

4,351
5*664

340*542

Alabama

103

Table 1All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Borrowings

Nat onal
bank
no ;es

nt,
. - *
ia ities

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number

of
banks

30
92
48
17

7*938
7*539
7*724
7*404

2,333
2,552
2,220
2.218

23*872
24,510
27*891
32*931

102

1*626
1*953
1*928
2.479
3.366

191
153
132
155
149

8*169
7*850
8*499
10*999
12,950

2.684
3.057
4.495
4,538
4,951

40.718
39*305
48.451
53.807
64*921

107
117
136
153
175

2*332
6*101
5*014
4*743
2*813

3*920
4*804
5.771
6,557
6.896

203
385
461
419
225

12*945
14*978
16,751
17*499
17*910

6,440
7,848
9,082
9*488
9,993

72*391
69.918
101.629
96.946
96.858

204
240
269
276
274

1910
1911
1912
1913
1914

6.519
4.453
3.553
7.266
5.469

7,158
7*475
8.051
8*197
8*984

168
187
87
405
261

19.647
20,696
21.726
22*801
23*480

11.123
12.487
14.576
14,496
15,083

111*683
119,920
136*619
139.602
148,025

293
304
324
34-5
357

1915
1916
1917
1918
1919

6.000
4.394
3.240
5*163
12*334

9.144
8.958
9*263
9*248
9.099

193
235
348
1.194
1.730

23,033
21,704
21,335
21*262
21*622

15*180
14.085
14,269
14,788
16,146

133.392
142*292
158.923
199*051
239.264

353
334
328
329
334

1920
1921
1922
1923
1924

19.365
24.943
11.743
8.704
12.063

9.562
10*516
10*450
10.026
10,585

1.646
860
1.048
1.305
1.366

23,774
24,445
24,329
25.443
26*721

19,616
20.089
20*878
21.863
23.280

289*447
253*712
244*156
286*182
300*919

352
358
356
360
362

1925
1926
1927
1928
1929

11.103
14*705
11.804
18.399
33*271

9*200
8*724
9.335
12*195
13*638

2*028
1.191
2*031
3*065
3*113

26.898
27.058
28.098
28,886
30*131

24*443
26.700
28*602
30.523
32*291

317.057
339.674
349.241
372*930
377,891

354
355
356
357
350

1930
1931
1932
1933
1934

16*306
9.538
11*369
3*072
504

13*641
13*414
13.653
10.513
11*355

3*779
2.184
2.250
2.581
1*472

28,806
27,581
24,789
26,956
31,805

30*636
26,212
22.709
20*027
17.428

334.072
293.672
236.974
210*949
245*744

321
286
243
203
216

1935
1936
1937
1938
1939

864
256
654
970
310

4*897

1*330
1*199
1*527
1*320
1*164

29*994
29,160
28,990
28*692
28,465

16.323
17,647
19.675
18,767
20,565

261*916
297.763
314*258
304*896
348*791

217
217
217
218
216

1940
1941
1942
1943
1944

132
52
47
47
97

1.595
2.026
2.057
1*911
2.495

26,713
26,592
26,369
25*953
24*799

22*165
23,820
26,040
29,984
33,506

378,976
454*584
566,375
789.093
949*035

218
217
217
216
217

1945
1946
1947
1948
1949

347

2*968
4*121
4*931
5*444
5*880

24*283
23.718
24*560
25,854
26,685

38,882
44,922
49,189
54,063
59.146

1.169,729
1.308*986
1*220*513
1,245*462
1.234.504

216
219
219
222
226

7*211
8384
10*040
10*793
12*220

28.190
29*361
30.758
33.525
35.038

63*353
67*807
73,233
77,531
83.611

1.262*915
1,330.172
1,444*112
1,474.647
1*562.445

225
225
229
230
231

1896
1897
1898
1899

1*001
1*743
923
263

1*025
1.044
772
1*078

1900
1901
1902
1903
1904

1*526
1*731
1.158
1*451
1*881

1905
1906
1907
1908
1909

1950
1951
1952
1953
1954

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

50
227
520
346
143
129
36

1.643*184

96
100
101

104

Alabama

National BanksTable 2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Losins

Loans
Year
Total

6,861

1896
1897
1S9S
1899

6*553
6.484
6,773

9*191

Real
estate

All
other

Collateral

138
120
116
124

2*318
2*029
I t 959
2.098

4*405
4*404
4.409
4.551

Year
Total

Real
estate

Collateral

All
other

1900
1901
1902
1903
1904

Ili585
13*293
14*615
18*376

161
210
254
255
337

2*716
3*544
4t279
4.305
5*673

6.314
7*831
8.760
10*055
12*368

1921
1922
1923
1924

91*842
85*460
80.535
89*597
93.301

3.297
4,299
5,116
4.658
5,305

34.379
34*784
29.353
33*694
36*521

54,166
46,377
46.066
51.045
51.475

1905
1906
1907
1908
1909

20*311
27*184
28*716
26,231
26*655

373
550
582
539
871

6.289
9.263
9*813
9*088
14.577

13.649
17*371
18.321
16*604
11.207

1925
1926
1927
1928
1929

99*766
107.236
118,761
145.508
150,975

6.097
6,891
7,899
9,153
9.152

36.799
40.996
43.784
58.204
25.700

56,870
59,347
67,078
78,151
116*123

1910
1911
1912
1913
1914

32*396
34i762
37*824
41*778
43*687

749
935
1137
1*152
I t 667

11*361
12.878
14t215
15.730
16*469

20.266
20*949
22.472
24*896
25.551

1930
1931
1932
1933
1934

135,324
114.593
88.416
70,173
68.402

11.004
9.510
9*695
8.892
7,630

16.298
18*490
15,746
13,357
14,181

106*022
86*593
62*975
47.924
46,591

1915
1916
1917
1918
1919

43*612
44*985
50*446
54*791
67*186

2*079
2*539
2.935
3*050
2*733

19.045
19*540
20*002
21*189
27.970

22.488
22.906
27.509
30,552
36.483

1935
1936
1937
1938

76.491
61.684
70,036
82,860

7,699
8.163
9,482
9*694

11,643
9,990
9,235
8.799

57.149
43.529
51.319
64*367

1920

Loans'
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

1939

95,498

56,970

1,770

1940
1941
1942
1943
1944

86*183
101*884
100*177
84,293
108*691

43,697
51,079
53,517
46.661
51.034

1,001

1945
1946
1947
1948
1949

110*928
143,350
203.657
243*922
264.648

1950
1951
1952
1953
1954
1955

Real estate

To
others

On
farmland

On
residential
property

2,068

Other

Other
loans
to
individuals

All
other

5,179

23,107

733
455
409
638

889
1*553
1*386
1*396
21.257

2*281
2*310
2,057
1*606
1*597

5.924
6,769
6.214
7*960
6*923

4,752
6*075
5*073
5,627
7,719

11*608
11*168

27,639
33*365
31.473
9024
8.335

60.133
70.184
99.929
129.514
148.619

997
3,042
1*041
1468
1*177

16.276
18*395
12.232
8.489
5,809

1*711
2,640
4,249
5*095
5,310

7,350
15*841
27.305
31,882
31.750

5*223
5,435
10,708
11*928
13*689

11,637
20*095
42*263
52,211
54.675

7,601
7,718
5*930
5,174
7,073

290.980
320.149
323,509
355,728
368,689

126.615
149.561
149,363
151.409
160.392

1*911
3.103
3.102
2.272
2*011

5,650
4,564
3.159
2.737
2,277

5,539
5.351
5.565
5,347
5*526

52,544
47.457
36,748
46,392
42,307

13.750
13.139
11,700
11*867
12*605

75*689
88.984
103.059
119.507
118.497

13,635
14,234
17,501
23.723
12*476

411.663

186.281

2*708

3*087

6,060

43,559

15,513

133*905

29,018

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Alabama

105

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year
Total

U.S.
Government
obligations

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

2,570
2*642
2*493
3*409

1*426
1*413
1.090
1*589

675
725
628
1*074

469
504
575
746

2*236
2.400
3.508
4.736

50
57
82
82

1.101
1*023
1.117
1.331

1*087
1.320
2.309
3.323

713
696
625
625

12.382
12*291
13.110
15*543

1900
1901
1902
1903
1904

4.171
4.231
4*218
4*972 *
5*808

2*201
2.374
2*507
3*174
4.005

1*162
1.096
1*009
1*061
1*064

808
761
702
737
739

5,054
5*602
6*750
6*464
9*538

126
252
135
151
131

1*482
1*922
2.130
2.270
2*824

3*446
3*628
4*485
6.043
6.583

694
708
750
799
1.052

19*110
22*326
25,011
28*850
34.776

1905
1906
1907
1908
1909

5.905
7.042
10*152
10*762
10*561

4.450
5*328
6*869
7*709
7.915

858
1*011
1.937
1.800
1.666

597
703
1,346
1*253
980

10,080
9*995
9*861
8*560
10*434

184
296
279
309
316

2.729
3*236
2.877
3,504
3,645

7(167
6*463
6.705
4.747
6.473

1*043
1*169
1.450
2*084
2*040

37,339
45.390
50.179
47*637
49*690

1910
1911
1912
1913
1914

10.373
11*131
12.295
12*413
13*344

7.795
8.187
8*736
8*931
9*583

1*558
1*609
1.765
1.632
1.796

1.020
1*385
1.794
1.650
1*965

10,070
12*664
13*870
12*695
12.522

337
354
309
572
459

3.744
4*120
4*187
4.254
4*514

5.989
8.190
9*374
7*869
7*549

2*176
2*409
2*471
2*730
3*010

55,015
61,016
66*460
69*616
72*563

1915
1916
1917
1918
1919

15.230
14.749
17.499
27.662
35.788

9.579
9.565
10.738
20*231
28*330

1*850
1*864
1.728
1.728
1.660

3.801
3*320
5*033
5.703
5*798

13.842
17*668
19*760
25*434
24.674

374
531
567
1*537
1*910

3.704
4.251
4*494
3.562
3.570

9*764
12.886
14*699
20*335
19*194

3.240
3.433
3.552
3*490
3*916

75.924
80*835
91*257
111*377
131*564

1920
1921
1922
1923
1924

29*866
26.405
24.721
30*730
31,539

22*061
19.027
16.420
20.092
17.120

1.518
1*683
1.895
2.956
4.504

6*267
5*695
6*406
7*682
9*915

27*225
21*239
22.246
27.616
30*605

2*968
1.763
2.334
2.849
2.705

4.246
3.629
3.310
2(665
3.729

20*011
15*847
16*604
21*902
24.171

4*162
4.399
4*923
5*681
6*242

153,095
137,503
132,427
153*624
161,687

1925
1926
1927
1928
1929

31*046
33*602
39,627
46,530
46*620

15.723
14.652
17.788
19.604
21*689

4*370
6*323
7.183
9*400
8*962

10.953
12*627
14*656
17.526
15*969

29*912
31*588
36.476
36*000
34.567

4*243
4*161
5.017
5.121
5*169

3*894
4.383
4.984
4*130
3.997

21.775
23*044
26*475
26*749
25.401

6*356
6*690
9.226
11*566
12.752

167,060
179*116
204*090
239,604
244,914

1930
1931
1932
1933
1934

42*694
48*193
48,097
48*805
58*387

19.825
21.673
23.449
27.119
31.300

7*577
10*994
10*160
9*427
13*627

15.292
15.526
14*468
12.259
13*460

39*024
34*498
23.176
28.121
42.709

4.999
2.847
1*552
2*010
3.656

5.006
5,109
3.732
3.466
3.371

29.019
26*542
17(892
22*645
35.682

12.984
12*729
12*470
12.014
12.747

230*026
210*013
172.159
159.113
182.245

1935
1936
1937
1938
1939

59*014
70*970
75*596
60.299
65.316

32.908
39.822
42.440
26.660
29.104

16.883
21.669
23.895
25*015
27.703

9.223
9.479
9.261
8,604
8,509

41.623
66.624
63.866
57.533
74.696

3*746
4*336
4*954
4*556
5*496

3.362
4*855
5.075
4.732
5.004

34.513
57.433
53.837
48.245
64(196

13.175
13.078
12.783
12*760
13*201

190*303
212*356
222*281
213*452
248*711

1940
1941
1942
1943
1944

69,845
77,875
143,594
292,941
370,402

31*742
33*832
95.036
238.008
316.370

30.538
35*192
38,605
45,282
45*878

7,565
8.851
9.953
9.651
8.154

99.181
128.572
151*555
169.926
180*541

7*249
7*479
11*099
12*158
14*014

5.302
6.774
10*149
12.276
13*687

86(630
114.319
130*307
145*492
152*840

13*450
13.245
12*546
11*342
9.993

268*659
321.576
407.872
558.502
669.627

1945
1946
1947
1946
1949

483,013
527,021
478*819
448*064
420,511

420.825
451.929
394.027
358.461
331*411

50*792
58*529
67*066
69*779
71*030

11.396
16*563
17.726
19.824
18.070

203*907
207.975
225.651
238*631
241*260

15.901
18.492
17*342
21.419
20.331

12.176
13*328
16*601
19*250
18*825

175*830
176*155
191.708
197,962
202,104

9.908
10.233
10*337
11*448
11*221

807.756
888.579
916*464
942*065
937*840

1950
1951
1952
1953
1954

434,011
421,044
473.697
454*942
504*083

338*997
322.391
358*226
334.116
368.804

76,302
80*005
96,560
102,365
116,874

18.712
18,648
18,911
17.961
18*405

226*250
262.043
283*009
273*977
275,351

25*030
30*130
27.336
45.570
52*861

15*220
16,753
21.302
22.668
21.839

186,000
215,160
234,371
205,739
200*651

11.484
12*228
12.722
12.704
15.022

964*725
1.015*464
1*092*937
1.097.351
1.163,145

46*283

22*179

215(902

16(827

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

25,157

106

Alabama

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures i 3 of June 30 or nearest available dale; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

Interbank

U.S.
Government

^Other
demand

Other
time

1696
1897
1898
1699

6.152
6,115
7.608
10*020

231

94
94
100
195

5*524
5*393
6*734
8,921

303

306
405
516

1900
1901
1902
1903
1904

12*213
14.170
16,472
19.131
22.135

881
956
1*011
1,163
1*491

251
251
451,
498
401

10,644
12f375
14,322
16*688
19,361

437
588
688
782
862

1905
1906
1907
1908
1909

23.583
27.245
30.675
25,973
28*363

1,669
2*001
1*979
1,512
1,984

265
264
949
1,168
522

20.557
23*695
25*829
20*962
22*559

1.092
1265
1*916
2*331
3*298

1910
1911
1912
1913
1914

31.079
35,981
40*438
41*574
42*298

2,059
2*411
2,698
2*612
2,506

309
345
342
260
394

23,238
25.794
28*637
28,220
29,903

5*473
7.431
8*761
10*462
9*495

1915
1916
1917
1918
1919

43,839
51,392
61,303
79.438
93.380

3,172
3,606
4*890
4,922
5,428

329
328
321
3*509
1*624

29,967
35,204
41*218
53*643
63,062

10.371
12*254
14*674
17*364
23*266

1920
1921
1922
1923
1924

109.589
88,955
91,266
113,738
119,205

5.189
3,757
5,216
6,444
6,294

503
431
624
817
767

73,222
53*820
54.271
66*378
65*315

30*675
30*947
31*155
40099
46*629

1925
1926
1927
1928
1929

126*756
136,375
157,693
178,932
170.354

6,950
6,702
9282
6,386
7,944

1*300
1*161
2306
2*749
3*258

70,614
74,064
84,341
97,117
88,604

47*892
54,448
61*764
70*660
70*548

1930
1931
1932
1933
1934

167,123
154,156
117,943
110,573
135,017

7,269
8,555
5,610
6,714
12,027

3.877
3*366
4*386
8*253
7,297

88,915
79,517
56,165
49*414
62,534

67*062
62.718
51*760
46*192
53.159

1935
1936
1937
1938
1939

151,799
179,786
187.881
179,561
213*566

13*025
19,535
18,560
17,484
26,866

5*856
6*383
2*915
1.710
4,551

77,422
92*676
102*524
96*131
113,754

55*494
59.192
63*882
64*236
66*395

1940
1941
1942
1943
1944

233,731
285*121
369,660
518*148
627*996

30*484
38,726
46,215
46,429
48*437

5*520
7*511
10.574
38.747
91.117

125,955
163,954
231,790
340.356
378*084

71*772
74*930
81*061
90.616
110*360

1945
1946
1947
1948
1949

762,250
638,593
859.464
878,646
870,544

59.249
57,683
58*193
52.457
46*032

98*655
70.604
8.015
11.671
10.196

459*956
541*402
598*289
618*543
617*841

144*388
166*904
194*967
195.975
196.475

1950
1951
i952
1953
1954

692*394
938.194
1.009,596
1.009*248
1*068*170

54*869
64*064
71,941
68*191
72*616

19*953
31.363
27.741
21.869
34.212

620,929
649,951
704,913
704,075
734,779

196*643
192.616
205.001
215*113
226*563

1955

1*114*667

72*186

322
369
386

229*706

Alabama

107

Table 2 National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Nat onal
ba
no

Borrowings

nt>,0r
liSLs

C^1

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896

658

1897
1898
1899

638
357
118

1*025
1.044
772
1.078

3.405
3.355
3.205
3.105

1.141
,139
,167
.219

12,382
12*291
13,110
15,543

27

1
3

1900
1901
1902
1903
1904

216
873
532
534
1.002

1.626
1.953
1*928
2.479
3.366

82
81
80
79
76

3.460
3.590
4.000
4.250
5.555

*493
,659
.999
2.377
2.642

19*110
22.326
25,011
28*850
34*776

28
33
41
41
52

190S
1906
1907
1908
1909

606
2.440
It330
2.011
1.033

3.920
4.804
5.771
6i557
6.896

76
80
154
192
77

5*893
7.115
7.925
8.317
8*372

3.061
3,706
4,324
4,587
4,949

37*339
45,390
50,179
47,637
49.690

65
71
73
76
75

1910
1911
1912
1913
1914

2.616
1.653
1.300
2.443
3.066

7*158
7.475
8*051
8.197
8.984

65
77
23
59
95

8.680
9.380
9.700
9*965
10.405

5,417
6,450
6,948
7,378
7,715

55.015
61.016
66.460
69,616
72.563

79
81
85
87
90

1915
1916
1917
1918
1919

3.087
2.. 116
1.748
3.305
8.429

9*144
8.958
9.263
9.248
9.099

26
75
133
380
997

11.340
10*550
10.657
10*620
10.745

8,488
7,744
8,153
8*386
8,914

75,924
80*835
91,257
111*377
131.564

92
90
92
91
94

1920
1921
1922
1923
1924

10*381
13*343
5.494
3*886
5.022

9.562
10.516
10.450
10.026
10.585

1*057
432
551
503
579

11.932
12*765
12.840
13*175
13.330

10,574
11.492
11.826
12,296
12,966

153.095
137.503
132.427
153.624
161.687

101
107
107
106
105

1925
1926
1927
1928
1929

4*007
5*784
5.344
10*297
20.138

9.200
8.724
9.335
12.195
13.638

698
698
1.799
2*389
2*429

13*070
13.170
14.095
17,020
18*020

13,349
14,365
15,824
18,771
20,335

167.080
179.116
204.090
239.604
244*914

102
102
105
107
106

1930
1931
1932
1933
1934

7.516
4>632
6*704
1*431
101

13.641
13.414
13.653
10,513
11.355

2*636
1.937
1,125
1.244
1.243

18,270
18.305
17,120
20*755
23.095

20,840
17,569
15.614
14,597
11,434

230*026
210.013
172*159
159,113
182.245

101
92
81
66
70

1935
1936
1937
1938
1939

154
21
271
168
10

4,897

1,204
1,006
1,309
1.091
1*004

21.100
20.625
20*360
19*897
20*457

11,149
10,918
12.460
12.735
13,674

190,303
212,356
222,281
213*452
248.711

69
69
68
66
67

1940
1941
1942
1943
1944

81

1.117
1*601
1*804
1.386
2*106

18*687
18.612
18.415
18.206
16.902

15*043
16.242
17,993
20,762
22,621

268,659
321*576
407.872
558.502
669.627

66
65
66
66
66

2.380
3.387
4*581
4*972
5*248

16*484
16.096
18*069
18*744
19*280

26,642
30,503
36,330
39,541
42,768

807.756
888.579
918.464
942.065
937.840

65
66
66
68
69

6.377
7*458
9.011
9.490
10.921

20,565
21*440
22*007
23.762
24.615

45,389
48,372
52,323
54,851
59,439

964*725
1.015*464
1.092.937
1*097.351
1.163.145

70
70
71
71
71

19*5
1946
1947
1948
1949
1950
1951
1952
1953
1954

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

162

26
26
26

108

Alabama

State Commercial BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year
Total
8t578

Real
estate

All
other

Collateral

Year
Total

3.615
1.274
1.120
1.182

1.993
1.280
2.727
2*503

2*970
6*287
4.914
5.898

967

2.431
3.389
2*457
5.068
4*846

7*802
3*846.
9,647
9.214
12*800

1920
1921
1922
1923

5*455
7.371
3*343
7.871
7.398

15.383
20.759
23*496
22,184
20.874

5.380
6.790
5.670
3.909

11.831
12*330
13*060
10354
5*618

6*634
6.837
7.529
9.488
12*237

7.512
8.978
11.119
15.546
21.733

1896
1897
1898

8,841

1899

8i761
9*583

1900
1901
1902
1903
1904

11.200
11.445
15.271
17.994
19.992

1905
1906
1907
1908
1909

23.314
31.501
35*654
33.655
31.656

3.600
3.384

1910
1911
1912
1913
1914

40.378
42.022
52.237
50.927
51.681

1915
1916
1917
1918
1919

41.137
41.184
43.774
53.607
66*871

4.210
3.167
3.712
2*346
2*476

3.371
3.815

5.168

Real
estate

Collateral

All
other

1924

95.276
84*150
79*150
92,680
98.652

17,912
16*325
15.785
17*014
16.646

34.395
33.408
34.244
38.660
41.532

42.969
34.417
29.121
37.006
38.474

1925
1926
1927
1928
1929

106,214
116,295
102,905
98*186
98.383

20.074
22.456
21*096
21.208
22*431

44.716
49,376
38,898
32*500
27.842

41*424
44*463
42.911
44*478
48.110

23.379
24,312
32.387
34*903
42.154

1930
1931
1932
1933
1934

75.493
55*552
42*090
28*194
26.588

18,118
13.999
11,090
7.643
6.512

17,816
10*499
5,986
5*623
3*171

39*559
31.054
25.014
14.928
16*905

26.991
25.369
25.126
28*573
32*901

1935
1936
1937
1938

32*121
29,114
36,451
40.245

5.887
6,443
8.174
9,111

5*043
2*895
3*418
3*161

21*191
19*776
24.859
27.973

Loans1
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

1939

Real estate

On
farmland

To
others

On
residential
property

Other

Other
loans
to
individuals

All
other

628

2.742

1940
1941
1942
1943
1944

40.931
45.056
46.240
39*190
55.682

17.925
18.091
21.449
18,563
24*900

86
51
93
155
232

429
504
314
828
10.067

3*109
3*309
3*073
2.491
2.859

6.234
6,979
7*138
6*747
6*535

2.025
2*110
2*038
1.776
1.683

6,519
7.824

11.123
14.012
12*135
2*111
1,582

1945
1946
1947
1948
1949

60*640
70*275
79*219
95*206
107,793

31.543
29.772
31.150
37*082
45*409

447
780
26
43
11

5.596
5.766
1*943
1*638
1,637

3*302
5*032
7.099
8*477
9.213

7.735
10.789
16.342
19.515
19,928

1.728
3*268
4*667
5.416
6.416

8.753
13*435
16.719
22.033
24,154

1.536
1,433
1*273
1*268
1,716

1950
1951
1952
1953
1954

108*120
113.945
125,023
134*893
152.652

40.139
43.289
47.638
50*721
62.604

10
44
64
66
30

1,539
1*710
1*850
1*463
2*459

10.302
11.074
11.554
12*493
12*715

20*809
21.801
23.781
24.507
25,634

5.899
5.315
6*030
6*475
7*406

28.658
30,517
34.608
39,695
42,475

1,675
1.425
1.013
1.233
1.202

1955

160.393

57.093

69

2.233

14.029

29*998

9,537

48.048

1,585

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

the total and are not entirely comparable with prior figures.
continue to be shown net.

Total loans

Alabama

109

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-]955^Contmued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Casb assets

Investments
Year

1896
1897
1698
1899

Obligations
of States
and political
subdivisions

U.S.
Government
obligations

Total

10
245
659

1*655

1
1
4
10

3
62
219
551

1*888

11

629
202
454
251
378

Bankers'
balances
(including
reserves)

Cash items
in process
of collection

Currency
and
coin

2.335
1*686
4*973
5*444

10
26
92
9

2.273
1.627

1*563
1*016
2*608
3*808

7*374
3*822
5*608
5*087
7*352

64
19
47
186
332

2.060
1.348
2*496
1*778
2*180

1*112
1.873
1*700
1.528

8*872
9*305
10*549
10*655
10*761

284
298
338
356
374

1*810
1*528
2*650
2*700
2*738

10.307
10*968
12*145
11*835
15*681

454
356
288

1*402
1.335
1.836
2*003
2.475

10*538
14.577
16.926
20.750
23*029

Other
securities

6
162
436

1*094
1*248

Total

Other
assets

Total
assets

388
706

11.490
12*219
14,781
17*388

5.250
2.455
3*065
3.121
4.840

1*146
1.104
1,197
1.123
1*665

21*608
16*979
23.440
24*957
30*145

2.707
3*094
3.254
3*244
3.235

5*881
5.913
6*957
7.055
7*152

1*559
2*040
2*414
2*428
2*442

35*052
44*526
51*450
49,309
47*168

3.431
3*148
3.290
3*364
3.623

6*422
7*464
8.567
7*465
11*806

3*000
3*150
2*403
3*869
4*329

56*668
58*904
70.159
69.986
75.462

291
749
776

1*476
1*836

3.087
3.564
3.816
3.467
4.477

7*160
10*264
12.334
15*807
16*716

3*626
3*601
4*075
6*256
5*208

57.466
61*457
67*666
87.674
107.700

762
640

567

1.447

1900
1901
1902
1903
1904

1*364

I t 136

8
5
7

1905
1906
1907
1908
1909

1*307
1*682
2*833
2*571
2*309

8
10
17
15
13

435
560
943
856
768

1910
1911
1912
1913
1914

2*983
2764
3*374
3*355
3.771

36
7
22
5
15

1137
1*229

1915
1916
1917
1918
1919

2*167
2095
2*889
7*061
12*592

16
38
52

3.950
8.731

1*001
1*108
1.386

1920
1921
1922
1923
1924

12*379
9,917
7*070
9*978
9*916

7.681
5*421
2*031
2.780
1*787

1.701
1*637
1*848
2*634
2.975

2.997
2.859
3.191
4*564
5.154

24.055
17*656
19.890
22.907
23.926

2*151
1*416
1*866
2*540
2*190

5*265
3*720
3.574
3.661
4.361

16*619
12*522
14.450
16.706
17,375

4*642
4*464
5*619
6*993
6*738

136.352
116*209
111*729
132*558
139*232

1925
1926
1927
1928
1929

11*705
12*052
10*781
11*428
10*888

1*013

3*913
4*040
3.517
3*628
3*507

6*779
7*104
6*363
6*708
6*689

24*321
24*262
23.875
16.906
16*607

2*626
2*469
1*624
1.227
1.204

4.667
5*024
4.461
4.020
3.501

17*028
16*769
17.590
11.659
11*902

7.737
7.949
7.590
6*806
7*099

149.977
160*558
145*151
133*326
132*977

1930
1931
1932
1933
1934

8*715
8*259
3*319
8*494
14*374

5*595
5*078
4*486
3*805
4*030

13*404
13*895
8*470
10*368
17.711

1*235

1*659
2*031
5*556

2*857
2.524
2*174
2*658
4*786

2*871
2*699
1.819
1.633
1.747

9*298
10.454
6.149
7*997
14.889

6*434
5*953
5*936
4.780
4*826

104.046
83*659
64*815
51*836
63.499

1935
1936
1937
1938
1939

19t729
27556
27*305
25*208
27tl70

9.416
15*665
14*360
11.919
12*655

6*256
8*449
9*265
9*603
10*782

4*057
3*442
3*680
3*686
3.733

14*639
24*265
23*882
21*839
28*656

1.062
1.082
1.057
1.846

2.144
2*784
2*989
2.935
2.922

11*584
20*419
19.811
17*847
24*088

5*124
4.472
4*339
4*152
3.759

71.613
85.407
91.977
91.444
100*060

1940
1941
1942
1943
1944

29.972
30*910
41*306
106*430
135*855

15*103
16*246
26.470
91t901
121*692

11*754
12*136
12*677
12*131
12*028

3*115
2.526
2*159
2*398
2*135

35*033
52*713
67*15*
81*383
84*797

1.544
2.156
3*336
3*835
3.395

2.972
3*453
4.712
6*066
6.921

30,517
47.104
59.105
71.480
74.481

4*381
4*329
3*804
3,586
3*074

110*317
133.008
158.503
230*591
279.406

1945
1946
1947
1948
1949

191*591
236.139
149.505
140(495
125*504

175.515
215.801
132.151
120*362
104.308

13*343
15*796
14*144
16*940
18*726

2*733
4*542
3*210
3*193
2*470

106*836
111*024
71.694
65*992
61*085

4.409
5.068
1.831
1*681
2*906

7.540
7*829
8.309
9.613
9.727

94.887
98.107
61*554
54,698
48.450

2*906
2*969
1*631
1.704
2*282

361,973
420*407
302*049
303,397
296*664

1950
1951
1952
1953
1954

122.167
124.735
139.994
154*887
161*543

100*044
100*255
111.087
122*029
121.983

20*060
22*105
26*559
29*916
33*413

2*063
2*375
2*348
2*942
6*147

65*394
72.829
82*651
83*792
81.147

2*800
2*492
2*764
2*841
2.527

9.203
8*606
10*156
10.864
11.663

53.391
61.731
69.709
70*087
66*957

2.509
3.199
3.507
3.724
3*958

296*190
314*708
351.175
377.296
399*300

2.974

12.758

70*117

4*352

427*866

608
753

177.272

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

908
901

1*092
692
263
657

702
650

1*018

749
722

402
902
497
751
864

5.921

1.006
250

742
502
738

1*075
911

110

Alabama

State Commercial BanksTable 3

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures i s of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits

Year
Total

Interbank

U.S.
Government

1896
1897
1898
1899

5*393
5*425
8.596
11.911

127
106
158
1,750

1900
1901
1902
1903
1904

14*309
10*391
15.767
15.054
19*469

397
438
659
662

1905
1906
1907
1908
1909

22*968
28,557
33.875
32.267
30.658

1*093

1910
1911
1912
1913
1914

35,989
38*641
48*188
44,863
52,450

1915
1916
1917
1918
1919

36,003
41,524
49.165
67*958
84,953

2,345
3,646
3,262

600
399

1920
1921
1922
1923
1924

105*895
83,884
84*442
105,103
107,699

3*326
2,350
2,975
3.684
3,265

1925
1926
1927
1928
1929

116*629
124,921
111,678
100,930
95,093

3,496
3*958
2,789

1930
1931
1932
1933
1934

73,281
60,587
44,261
37,227
48,163

1,219
1,565
911
1.177

1935
1936
1937
1938
1939

56,709
69.715
75.586
84,721

2,038
3,436
3,324
3,268
5,493

1940
1941
1942
1943
1944

94,640
116,973
142.202
213,050
260.140

7,965
11,766
9,492
11,771
11,072

2*567
14,332
28,371

1945
1946
1947
1948
1949

340.999
397.632
282,319
281,228
271,729

13,046
14*081

31,124
22.183

1950
1951
1952
1953
1954

271,421
286,283
320*356
343,514
363*406

935
1.171
1,840
2,133
2,071

75:, 531

368.223

4,192
4,202
6*607
7,895

1,831
2*266

16,166
19,759
23*035
21,722
22*082

5.709

24.783
25,596
30,371
28842
35*163

8*925
10,920
13,680
13>561
14*047

25,474
27*879
32.412
45.989
58.882

8*825
11,958
14,408
17.723
22,410

261
213
307
48

72.833
53.080
51.274
63,146
63*434

29*496
28,193
29*980
37*966
40*952

328
410
151
174
175

67*585
71,824
63,749
54,301
49*463

45,220
48*729
<t4,9B9
44*693
44*011

72
172
169
62
964

37,317
31,466
20*949
18,407
25.208

34.673
27.384
22.232
17.581
19*764

536

31,422
40*024
44*556
43,761
47*832

22*713
24*891
27,251
28.124
29*833

53*403
68*663
94.307
148.287
175*025

31.859
34*705
35*836
36.660
45*672

236,624
288,149
220,973
217.859
207,369

60*205
73*219
58*657
59*525
61*574

204,006
216,994
239,783
253,812
255,291

63*766
64,828
73*063
83*553
99*670

2*098
2*049
2*281

2,125
4,137
2.460
3*240

1,704
1.687

736
1,263
820

1.074
1.117

3,186
2 .349

1*601
2,146

2,227

Other
time

10.726
7,604
11,452
10*823
13.970

737

1,762
1,444

Other
demand

238

1*364

400
433
1,563

1,413
1,839

1,953
258i

1,966
2*692
3*290
5*670

4,016
6*374
5,690

3.656
3,569

fe782
7.197
8*694
8>447
6*527

Alabama

111

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated.

Nat
Year

Borrowings

ba
nojf

.Sties

OP"

Amounts in thousands of dollars]


Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1896
1899

343
1*105
566
165

29
92
47
14

4*533
4.184
4*519
4.299

1,192
1*413
1,053
999

11*490
12,219
14,761
17*368

75
70
74

1900
1901
1902
1903
1904

1,310
858
626
917
879

109
72
52
76
73

4*689
4*260
4*499
6,749
7,395

1,191
1,398
2*496
2*161
2*309

21*608
16,979
23*440
24*957
30*145

79
84
95
112
123

1905
1906
1907
1908
1909

1*526
3*661
3*684
2*732
1*780

127
305
307
227
148

7,052
7.863
8,826
9,182
9,538

3.379
4.142
4*758
4,901
5*044

35,052
44*528
51.450
49.309
47,168

139
169
196
200
199

1910
1911
1912
1913
1914

3,903
2*800
2.253
4*823
2*403

103
110
64
346
166

10,967
11*316
12*026
12*836
13,075

5,706
6,037
7,628
7,118
7,368

56*668
58*904
70.159
69.966
75,462

214
223
239
258
267

1915
1916
1917
1916
1919

2*913
2*278
1*492
1*858
3*905

167
160
215
814
733

11.693
11,154
10,678
10*642
10*877

6,692
6,341
6,116
6,402
7,232

57*468
61,457
67,666
87,674
107,700

261
244
236
238
240

1920
1921
1922
1923
1924

8*984
11*600
6*249
4*818
7*041

589
448
497
802
787

11*842
11*680
11,489
12,263
13,391

9*042
8,597
9,052
9,567
10*314

136*352
116*209
111*729
132*558
139,232

251
251
249
254
257

1925
1926
1927
1928
1929

7*096
8*921
6460
8*102
13*133

1*330
493
232
676
684

13,828
13,888
14,003
11*866
12.111

11,094
12,335
12,778
11,752
11,956

149,977
160*558
145.151
133.326
132,977

252
253
251
250
244

1930
1931
1932

9*290
4*906
4*665

1933
1934

1*641
403

1.143
247
1,125
1*337
229

10,536
9.276
7,669
6,201
8*710

9,796
8*643
7,095
5,430
5,994

104.046
83*659
64,815
51,836
63*499

220
194
162
137
146

1935
1936
1937
1938
1939

710
235
383
802
300

126
193
218
229
160

8,894
8,535
8.630
8,795
8*008

5,174
6,729
7,215
6,032
6.891

71,613
85,407
91,977
91,444
100*080

148
148
149
252
149

1940
1941
1942
1943
1944

51
52
47
47
97

478
425
253
525
389

8.026
7*980
7,954
7.747
7,897

7,122
7,578
8,047
9,222
10,985

110*317
133*008
156*503
230.591
279.408

152
152
151
150
151

1945
1946
1947
1948
1949

347

588
734
350
472
632

7*799
7i622
6,471
7,110
7,405

12,240
14,419
12,859
14,522
16,378

361*973
420,407
302,049
303*397
296*664

151
153
153
154
157

834
926
1,029
1,303
1,299

7,625
7,921
8,751
9,763
10,423

17,964
19,435
20,910
22*680
24,172

298,190
314,708
351*175
377,296
399,300

155
155
158
159
160

1950
1951
1952
1953
1954

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50
65
520
346
143
129
36

1,578

75

164

ARIZONA

States Summary. Compilation of figures for


State commercial banks presented a number
of problems and considerations not encountered in compiling the balance sheet for national banks. The following sections describe
these problems and the methods used in deriving the revised series.
The primary sources of statistics for State
commercial banks for the period 1896-1933
were (1) figures reported to the Comptroller
of the Currency and published in his annual
reports and (2) figures published in the reports and abstracts of the State and territorial
banking departments and by other State
authorities. These sources were supplemented
by data obtained from bankers' directories.
The sources of such statistics for the
period 1934-1946 were (1) summary figures
for insured banks published or supplied by the
Federal Deposit Insurance Corporation and
(2) figures for noninsured banks obtained
from abstracts published or supplied by the
State banking department or from bankers'
directories. Data for this period are discussed
separately because of the substantially better
coverage and more consistent reporting beginning in 1934.
Beginning with 1947, all statisticsincluding the breakdowns of loans, investments,
cash assets, and depositsfor State commercial banks were taken directly from data published or supplied by the Federal Deposit
Insurance Corporation.

Revised data for assets and liabilities and


number of all banks in Arizona, as of June 30
or the nearest available date, in the period
1896-1955 are shown in Table 1; for national
banks, in Table 2; and for State commercial
banks, in Table 3.1 A separate balance sheet
was not compiled for unincorporated banks in
this State because adequate data were reported, either separately or in combination
with data for other State commercial banks,
in the reports of the Comptroller of the Currency or the State banking department.
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the
principal methods and procedures used in
compiling the figures.
The figures for national banks in Arizona
were obtained from the abstracts and annual
reports of the Comptroller of the Currency
with relatively minor adjustments. A description of these figures is included in the United
1
Since there have been no mutual savings banks in
Arizona, the figures for all commercial banks are identical
with those for all banks.
For the same reason, the term "State commercial banks"
used in Table 3 is synonymous with "all banks other than
national'*; it refers to banks that at one time or another
during: the period were designated in the annual reports of
the Comptroller of the Currency as "State banks," "loan
and trust companies," "stock savings banks/' or "private
banks and bankers" (unincorporated banks).

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112

Arizona

113

STATE COMMERCIAL BANKS, 1896-1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete or were not available.2 The United States Summary includes
a discussion and evaluation of alternative
estimating procedures considered, tested, and
used in one or more States. It also includes
examples of the use of banking trends as a
guide in making State estimates.
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET
Based on information in the reports of
territorial authorities, five banks were added
to the number published by the Comptroller
for 1899, and two to the number for 1900. One
trust company and its balance sheet were
added for the period 1923-1928, and two were
added for the period 1929-1933, in accordance
with an agreement among Federal bank supervisory authorities in 1947 as to the types of
institutions to be included in banking data.
LOANS

A complete classification of loans into


real estate, collateral, and "all other" was not
reported to the Comptroller regularly until
1924. For the years in which items were not
reported, figures were estimated.
Real estate loans were estimated for certain years by applying to total loans the ratio
of these loans to total loans as follows: for
1896, the ratio computed from reported data
for 1897; for 1902-1905, the average of the
ratios for 1901 and 1906; and for 1907 and
1908, the average of the ratios for 1906 and
1909. Estimates for 1916-1920 were derived
by applying to total loans, ratios of real estate
2
In cases where the breakdown of a given item (for
example, total loans) was not estimated on the basis of a
percentage distribution, but where one or more components
were estimated on the basis of data from various sources or
for various dates, the "other" category (for example, other
loans) is a residual.

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loans to total loans that were derived by interpolating between similar ratios based on
reported data for 1915 and 1921 (an adjustment was made in the interpolated ratio for
1920 to take account of the trend in the corresponding ratio at Arizona national banks);
estimates for 1922 and 1923 were made by the
same method except that the base years were
1921 and 1924.
Collateral loans were estimated for the
same years and by the same methods as described earlier for real estate loans except that
(1) ratios of collateral loans to total loans less
estimated real estate loans were used in
making estimates for 1902-1905 and 1907 and
1908 (and these ratios were applied to that
total), and (2) no adjustment was made in
the interpolated ratio for 1920. In addition,
it was necessary to estimate collateral loans
for 1898; this was done by applying to total
loans an average ratio of this item to total
loans based on data for 1897 and 1899.
INVESTMENTS

A complete breakdown of investments


into United States Government, State and
political subdivision, and other securities was
not reported to the Comptroller regularly until
1924. For the years in which items were not
reported, figures were estimated.
United States Government securities.
United States Government securities were estimated for several years by applying to total
investments the ratio of this item to total investments computed from reported data as
follows: for 1916, the ratio for 1915; for 19171920, ratios that reflected changes over the
period in the ratio of United States Government securities to total investments at Arizona
national banks (these ratios'were derived by
interpolating technique No. 2, described in the
United States Summary); and for 1922 and
1923, ratios that were derived by interpolating
between ratios for 1921 and 1924. Holdings
of United States Government securities for

114

All-Bank Statistics

1916-1920 were estimated by a different


method from that used for 1922 and 1923
because of the predominant influence on total
investments of holdings of United States Government securities, which increased sharply in
the years immediately following 1916.
Obligations of States and political subdivisions. Since the amounts of State and
political subdivision securities held by State
commercial banks were very small in 1905
when they were first reported, no holdings
were estimated for earlier years. Estimates
for 1907 and 1908 were derived by applying
to total investments the average of the ratios
of this item to the total computed from reported data for 1906 and 1909.
Estimates for 1916-1920 were derived by
applying to total investments other than
United States Government securities, ratios of
State and political subdivision securities to
this total that were deriveH by interpolating
between similar ratios based on reported data
for 1915 and 1921; for 1922 and 1923, by
applying to total investments, ratios of this
item to total investments that were derived
by interpolating between ratios computed
from reported data for 1921 and 1924.
DEPOSITS

The breakdowns of deposits into interbank, United States Government, other demand, and other time were adequate, after
some minor revisions, in the reports of the
Comptroller for all years except 1896-1908,
1916-1920, 1922, and 1923.3 No attempt was
made in the revised series to provide figures
for United States Government deposits prior
to 1918 because practically all such deposits
were held by national banks.
For years in which items were not reported,
8
In subsequent paragraphs these items (if discussed)
are designated and arranged as follows: demand, time, interbank, and United States Government. This order differs
from that in the tables.

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figures were obtained from other sources or


were estimated.
Demand and time deposits. The breakdowns of total deposits other than interbank
and United States Government into demand
and time were estimated for certain years by
applying to this total, ratios of time deposits
to this total derived as follows: for 1896-1908,
ratios extrapolated from the straight-line
trend of such ratios computed from reported
data for 1911-1915, 1921 and 1924 for the
same class of banks; for 1916-1920 and for
1922 and 1923, ratios that were derived by
interpolating between ratios based on reported
data for 1915 and 1921 and for 1921 and 1924,
respectively.
Movements in time deposits at national
banks were not used as a basis for estimating
these deposits at Arizona State commercial
banks because of the very small amounts of
such deposits at national banks.
Interbank deposits* Interbank deposits
were reported for all years except 1903 and
1905. No estimate was made for 1903 since
the amounts were very small in surrounding
years. For 1905 an estimate was made by
applying to total deposits the average ratio of
this item to total deposits computed from reported data for 1904 and 1906.
United States Government deposits.
Figures for United States Government deposits
for 1918-1920 represent such deposits at State
member banks only, which held practically all
of this type of deposit at State commercial
banks. Figures except for 1918 are as reported. The figure for 1918 was estimated by
applying to United States Government deposits at all State member banks in the United
States on June 30 of that year, the ratio of
these deposits at State member banks in Arizona to such deposits at all State member
banks on June 30, 1919.

Arizona
STATE COMMERCIAL
The principal assets and liabilities of
State commercial banks for 1934 and 1935
were obtained by combining data for insured
banks published by the Federal Deposit Insurance Corporation with (1) data for individual noninsured State commercial banks
derived from reports of the State banking department and (2) data for noninsured trust
companies derived from bankers' directories.
The same procedure was followed for 19361946; in that period, however, the only noninsured banks in the State were two trust
companies in 1936 and one in 1937-1946.
The breakdowns of some of the asset and
liability items that were required for the allbank series were not available for noninsured

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115

BANKS, 1934-1946
banks and trust companies for some years in
the sources cited. The breakdowns of loans,
securities other than United States Government obligations, cash assets, and deposits for
the noninsured State commercial banks in
1934 and 1935 were made on the basis of percentage distributions of corresponding items
at insured nonmember commercial banks in
those years. Estimates of the breakdown of
these items at trust companies for 1936-1946
were made on the basis of distributions computed from balance-sheet data for December
dates for one of these companies, which had
submitted reports to the Federal Deposit
Insurance Corporation.

116

Arizona

All BanksTable 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans
Year
Total

Real
estate

Loans
All
other

Collateral

Year.
Total

Real
estate

Collateral

All
other

318

2.195

208
216
77
256

381
420
540

763
839
1,305
1.399

2.944
.3.631
4*163
5373
5,917

391
469
597
774
866

1*445
988
1*142
1.627
1,669

1,108
2.174
2.424
2.972
3 . 362

1920
1921
1922
1923
1924

62.884
56.166
50.162
48,693
46*845

7,533
7*259
7.572
8*364
9,478

23.138
21,964
19,710
18,921
18,474

32.213
26.943
22*680
21.408
16*893

1905
1906
1907
1908
1909

6.459
6*141
10.547
9.636
10.085

909
1.199
1*665
1*589
1*618

1*959
2*594
3*334
3.204
3,423

3,591
4,348
5,548
4*845
4,844

1925
1926
1927
1928
1929

45,700
43,604
43*206
51*135
54.282

10*648
9.666
10*785
10,576
10,822

18*323
17*346
17.978
26.629
30.950

16*729
16*592
14*445
13*928
12.510

1910
1911
1912
1913
1914

12.709
13*832
15,174
20*845
22.590

1,943
2*276
2,366
3,748
3,526

4,OU5
4,112
4.651
4.812
5.899

6,761
7,444
8.157
12,285
13.165

1930
1931
1932
1933
1934

46*833
34,221
20.765
15.615
15.143

11,928
11.401
6,423
6,771
6,618

16.409
9*299
4.446
4.697
1.940

18.496
13.521
7,894
4,147
6,565

1915
1916
1917
1918
1919

21*136
26.927
34,461
39.039
42,403

3*649
4,699
6,022
6,063
6.130

6,357
8.604
11.462
13.329
15.303

11.130
13.624
16,977
19,647
20.970

1935
1936
1937
1938

16,152
20.416
25*054
27,160

5.791
5.201
6.062
7,433

1.791
2.128
2.348
1.827

8,570
13*067
16*644
17*900

1696
1897
1698
1699
1900
1901
1902
1903
1904

1289

1.436
1*802

Loans1
Commercial,

Year
Total

and
agricultural

1939

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farmland

To
others

14.954

residential
property

to
Other

All
other

individuals

1.008

5.951

901
688
544
574
678

870
691
554
682
480

8.479
10.338
11.943
11.681
12.118

1,271
1*211
1,021
798
638

4*231
4*853

7,907
10,400
8,815
227
739

617
597
129

1,354
1.175
1.056
1.070
1.215

1.091
1.897
2*111
2.417
2.215

11.034
13.387
25.059
47.718
50.045

610
2159
3,583
4,709
4*776

5*665
12*836
21,975
29*571
32,064

1,303
1,020
689
861
733

72,881
92,1-72
93.872
103,498
113,656

158
251
126
337
235

140
295
317
268
326

2,489
2.562
2.413
2.540
2.321

51.888
60,140
58,787
66,578
67.990

3,532
4,753
2*671
3*078
3*906

39,883
46,964
58,231
80,051
77.046

1,063
463
386
944
1.234

147,791

420

582

2*844

83.182

6*326

91,629

3.446

1940
1941
1942
1943
1944

34,384
43,251
41.446
40,283
46.422

14.950
19.908
18.556
22.090
26*916

1945
1946
1947
1948
1949

56.512
81,580
122,540
162,604
15,5,752

35.455
49,106
67.450
76.508
65.413

1950
1951
1952
1953
1954

171.429
206,501
215,215
255.328
265.530

1955

334,154

6
15
13

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

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Federal Reserve Bank of St. Louis

Other

On

6,952

the total and are not entirely com parable with prior figures.
continue to be shown net.

Total loans

Arizona

117

Table 7All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1896
1899

410
403
428
443

213
244
259
253

69
59
51
67

128
100
118
123

717
1,247
1,533
1*779

18
9
23
20

316
320
465
475

383
918
1,045
1*284

96
127
87
135

2,512
3,213
3,850
4.552

1900
1901
1902
1903
1904

498
629
951
1,262
1.408

259
271
271
362
594

71
83
103
115
130

166
275
577
785
684

2*254
3*100
3,083
4.005
4,137

32
56
54
100
112

697
782
939
2,267
966

1,525
2,262
2*090
1*638
3.059

185
316
395
393
622

5*881
7*678
8,592
11,033
12,084

1905
1906
1907
1908
1909

1*639
2*054
2*382
2.453
2*656

641
779
1,000
946
1.117

199
445
490
544
627

799
830
892
963
912

4,953
6.597
8.340
5.229
7.090

117
151
267
310
130

1,378
1,461
1,864
1,654
1,862

3.458
4,985
6.209
3,265
5,098

597
810
1,133
970
1*140

13,648
17*602
22.402
18.290
20.971

1910
1911
1912
1913
1914

2,746
2,999
3,509
4,557
4,603

1.002
992
1.232
1.404
1.426

700
843
880
1,139
1,477

1,044
1,164
1.397
2,014
1,700

7,302
8,530
8,941
11.163
13.017

228
268
197
301
888

1,781
1,805
1,883
2,390
3,025

5,293
6.457
6861
8,492
9,104

1,177
1,511
1,561
1,759
1,680

23.934
26.872
29*165
38.344
41.890

1915
1916
1917
1918
1919

5*025
5,146
6,693
11.598
13,409

1.398
1.417
1.990
4.447
5.983

1,440
1,764
2,222
3,209
3,178

2.187
1.965
2.481
3.942
4.246

12.403
19.776
25.542
18.837
21.312

238
501
658
644
1*040

2,381
3,634
4,594
3,857
3,692

9,784
15.641
20*290
14*336
16*580

2,072
2,136
2,255
2*345
2*659

40.636
53.985
68.951
71,819
79,783

1920
1921
1922
1923
1924

12.575
10.950
12.974
12.137
11.174

5.742
5,375
6,646
(6,241
5,592

2,764
2,351
2,295
1,884
1,816

4*069
3.224
4*033
4*012
3*766

21.922
17.209
19,055
16.620
17,405

999
815
807
780
896

3,873
3,460
5,344
4,667
3,522

17*050
12.934
12.904
11,173
12,987

3,184
3,707
3,529
3,891
5.371

100,565
88,032
85,720
81,341
80*795

1925
1926
1927
1928
1929

13.527
14,607
19,261
24.139
30.699

6*099
7*026
9*747
11.469
15*60.4

1*992
2.359
3,027
4,286
6,120

5,436
5,222
6,487
8*364
8,975

16,930
15,390
15,696
17,773
18,263

794
875
1,329
1,042
1.894

3.583
3.589
3,190
3,158
3.070

12,553
10,926
11*179
13.573
13,319

6,232
6,015
5*624
5*251
4,873

82,369
79.616
83.791
98.298
108.137

1930
1931
1932
1933
1934

28,882
28,808
21,231
22*355
22.707

13.103
13.547
10.611
12.248
11,190

6.569
7.867
5.570
5,743
6,415

9,210
7,394
5.050
4.364
5.102

18*282
17,618
11,016
11,214
16,446

1.641
955
819
564
608

3.128
3.665
4,036
1,911
1,615

13*513
12.998
6*161
8*739
14.023

4,776
4,142
3*384
3,938
3,685

98.773
84,789
56.396
53,122
57,981

1935
1936
1937
1936
1939

22*229
24*814
32,882
32.672
30,291

10*874
13,993
21*081
22.335
20.569

6,768
5,386
4,637
4,401
4.977

4,567
5,435
7,164
5,936
4,745

22,097
29,292
29,606
29,155
31,034

603
1,982
1*889
1.738
1.777

1,949
3,035
2.783
2.274
2.586

19,545
24,275
24.934
25,143
26.671

3,212
3,330
2,649
2,745
2,944

63,690
77.852
90,191
91,732
95,520

1940
1941
1942
1943
1944

26.716
29*346
37.494
104.103
146.634

17*054
21.254
29,974
95,077
142,233

5,008
4*786
3*830
3,309
2,796

4.654
3.308
3.690
5.717
1.805

37.992
36.637
50,102
69,970
68,110

1,791
2,689
3,798
5,137
5.513

2,708
3,182
4,630
5,413
6,254

33.493
30,566
41,674
59,420
56.,343

2,857
2*910
2*709
2,699
2,592

101,949
112,146
131.751
217*055
263*958

1945
1946
1947
1948
1949

198.170
221,202
200*882
183*592
187*457

193,477
214,975
183,713
155,204
156,705

2,773
3,682
11,882
15*003
17*040

1,920
2,545
5,287
13,385
13,712

61,682
93,330
61,279
84,934
89,117

5.859
6,642
8*180
10*536
10.752

6,996
6.540
7.475
8.654
9.336

69,027
60,146
65,624
65,744
69,029

2,929
3,168
5,412
6,739
7,215

339*493
399*260
410*113
437*869
439,541

1950
1951
1952
1953
1954

196*302
208.485
259,106
260.636
284,351

163,314
167,069
202,331
203.934
219.376

20,544
28*446
43,141
43.519
48,198

12,444
12*970
13,634
13*183
16,777

79,190
94,252
114,261
119,812
121,316

12.751
15.276
24.712
27.827
22.464

9,259
10,770
12.195
14.046
13,890

57,180
68,206
77,354
77*939
84.962

8*593
10,734
12,326
13*069
15,214

455.514
519.972
600*908
648,845
686,411

1955

304.172

233,016

51,265

19*891

124,077

27,486

15,522

81.069

17,992

780,395

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

118

Arizona

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

njacti at EJAADUJA i mo, AI^IS 11 uiuoun, j.oy v-x^**VAJUUIIUCU

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year

Total

Interbank

Other
demand

(J^

1896
1897
1898
1899

1.584
2.2 87
2.9 22
3.561

33
54
69
60

1900
1901
1902
1903
1904

4,668
6,205
7,005
8,557
9,541

97
180
188
98
175
248
296
495
387
549

Other
time

1*499
2.147
2.733
3*374

51
86
120
147

90

4,300
5,603
6*263
7,704
8*366

271
422
554
755
910

100
150
200
245
260

9.355
12,219
15*838
11.575
14.256

1,082
1,469
1,952
1,808
1,359

1905
1906
1907
1908
1909

10,785
14,154
18,485
14,0 15
16*424

1910
1911
1912
1913
1914

18,986
21,273
23,359
30*020
34*996

654
915
1,103
1,163
1,960

190
188
241
236
276

15.770
16,539
17.785
21*508
24.209

2.372
3.631
4,230
7,113
8*553

1915
1916
1917
1918
1919

33,012
46,120
60,273
61,005
67,054

2,038
2,973
2,750
3,026
3,693

279
226
197
437
242

22,293
30,309
39,793
40*473
43,993

8,402
12,612
17.533
17.069
19*126

1920
1921
1922
1923
1924

63,857
64,314
68,109
65,587
66,761

3.796
2,726
2,558
2.309
2.397

247
240
183
134
118

55.745
40.115
40,854
38,561
38.655

24*069
21*233
24.514
24*563
25.591

1925
1926
1927
1928
1929

69,760
68,194
72,024
87,114
94,559

2,215
1.349
1,744
1.975
2,058

115
99
118
106
197

40,094
40.655
41.081
50.096
53.547

27.356
26*091
29.081
34.935
38*757

1930
1931
1932
1933
1934

84,270
71,953
44.408
44.103
50*572

1,831
1.931
820
882
1.178

129
139
345
196
156

45.946
37.134
20.531
20,334
28,051

36*364
32*749
22.712
22.691
21.187

1935
1936
1937
1933
1939

56.293
70,325
8 2 , 2 15
83,498
86,741

1,495
1,560
1.517
2,601
1,922

179
153
157
174
149

34,584
46,639
55,722
&2.817
54*446

20.035
21.973
24.819
27*906
30*224

1940
1941
1942
1943
1944

93,092
103.435
122,7 61
207,760
252.056

1,962
2,170
2.501
3,309 2.512

200
217
341
8.829
23.095

60.897
69*987
89.009
156.411
174,930

30*033
31*061
30,910
39*211
51.519

1945
1946
1947
1946
1949

325,062
382,052
390.254
413,945
413.089

3,177
3,934
2,969
4,274
4*035

29,146
18.702
1*891
4.496
4.676

221,627
273,341
291,717
308.671
305.618

71.112
86*075
93,677
96,504
98,760

1950
1951
1952
1953
1954

425,930
482,568
559*331
601*1 84
632*451

3,744
5,400
6*088
7.062
9.143

8,534
9*959
7,690
8,808
14*028

313.872
365.035
431.453
454,877
452,276

99,780
102.174
114.100
130.437
157.004

14.906

179,112

Arizona

119

Table 7All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Borrowings

1896
1897
1898
1899

40

1900
1901
1902
1903
1904

10

Nat nal

ba n k
not e g

Other
liabilities

81
150
143
140

Surplus and
other
capital
accounts

^P^1

12

Total
liabilities
and capital
accounts

Number
banks

637
638
622
630

158
138
163
201

2*512
3*213
3*850
4.552

12
12
12
13

188
184
200
293
392

25
28
6
14

773
925
955
1*591
1.458

252
339
404
576
679

5*881
7*678
8*592
11.033
12*084

21
23
23
35
37

1905
1906
1907
1908
1909

5
55
105
215
179

454
560
645
626
696

31
23
20
151
6

1.525
1.656
1.790
1.858
2.014

846
1.152
1.357
1*423
1*650

13*648
17.602
22.402
18.290
20.971

34
40
42
42
46

1910
1911
1912
1913
1914

55
99
163
291
247

703
732
825
932
932

23
29
51
119
26

2*349
2*622
2*649
4*306
3.061

1*816
2.117
2.136
2.676
2*626

23.934
26.672
29.165
38*344
41*690

50
52
51
56
60

1915
1916
1917
1918
1919

255
32
51
767
2*372

939
930
829
970
1.014

95
114
283
810
328

3*526
3.961
4*106
4.604
4.817

2*609
2.828
3.409
3.663
4.198

40*636
53.985
68*951
71*819
79*783

59
66
70
78
81

1920
1921
1922
1923
1924

4.499
11.323
5*391
3*771
2*046

1.080
1*179
1.210
1*045
1*066

472
409
378
462
980

5.466
6.128
6*460
6*278
5.879

5.171
4,679
4,172
4,198
4.063

100*565
88*032
85*720
81.341
80*795

87
83
80
75
64

1925
1926
1927
1928
1929

2*104
1.529
739
663
235

567
499
652
672
1.025

689
1*213
1.637
503
428

5.404
4*882
5*217
5.316
6*326

3,845
3*299
3.522
4,030
5,564

82*389
79*616
83.791
98.298
108.137

58
48
47
46
48

1930
1931
1932
1933
1934

452
221
1*768
122

1*220
1.172
1*022
1.410
854

520
435
414
340
705

6.230
5.485
4.629
4.219
4.075

6,081
5,523
4,155
2*926
1,775

98.773
84.789
56.396
53.122
57.981

47
39
28
21
19

510

258
419
430
495
851

4*024
4.039
3.839
3*888
3*856

2.605
3.069
3,707
3,851
4,072

63.690
77.852
90.191
91.732
95.520

17
16
15
13
13

1940
1941
1942
1943
1944

747
887
887
702
840

3*845
3.748
3.747
3.747
4.747

4,265
4.076
4,356
4.846
6.315

101*949
112*146
131.751
217*055
263*958

13
13
13
13
13

1945
1946
1947
1948
1949

1.315
1.463
2*723
3.712
3.975

4.848
5,872
5.908
6.608
7.008

8.268
9.893
11*228
13,604
15,469

339.493
399,280
410.113
437.869
439.541

13
12
11
11
11

520
5,759
7.517
10*187
9*771

7,685
10,485
10.785
11.635
14.335

17,501
21,160
23,275
25.839
29.854

455.514
519.972
600*908
643*645
686*411

10
12
13
14
14

1935
1936
1937
1938
1939

1950
1951
1952
1953
1954
1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

3*878

11.470

760,395

120

Arizona

National BanksTable 2

ASSETS, LIABILITIES,

AND NUMBER, 1896-1955

[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year

Real
estate

Total

1696
1897

659

All

Collateral

Year
Total

other

Real
estate

Collateral

All
other

808
1,017
1*274

25
33
31
40

210

1898
1899

272
258
328

424
503
728
906

1900
1901
1902
1903
1904

1557
Ii697
1.705
2*283
2369

55
66
54
91
82

454
547
442
747
678

1,048
1.084
1.209
1.445
1,609

1920
1921
1922
1923
1924

21,682
20*248
17,671
15.835
15.008

570
1*116
1,467
1,738
2.002

6,946
7,157
6*178
5.078
4.709

14.166
11,975
10*026
9.019
8,297

1905
1906
1907
1908
1909

2.858
3467
4.563
3.943
3.893

113
140
175
171
174

933

1,153
1.449
1,410
1,440

1.812
2,174

1925
1926
1927
1928
1929

15.152
14.104
13,609
16,376
17,192

1,928
1,548
1,916
1,877
1*626

4,916
4,578
5*598
8*811
10,276

8,308
7,978
6.095
5.688
5,290

1910
1911
1912
1913
1914

4,925
5i059
5,330
6.419
7.797

176
154
147
154
225

1.587
1.518
1.629
1,709
2,376

5.196

1930
1931
1932
1933
1934

14,638
10.690
6,934
4.412
4.373

1*672
1.725
1.487
1.103
853

5*085
2,963
1,729
1*087
990

7.881
6*002
3,718
2,222
2,530

1915
1916
1917
1918
1919

7,726
8,939
9,633
12,053
13,222

240
382
411
342
352

2,493
3.046
3.269
3.857
4.448

4.993

1935
1936
1937
1938

9,844
13,748
16.852
19,768

1.653
2*383
2*639
3*984

1.378
1.539
1.675
1,314

6*813
9,826
12,538
14*470

2,939
2,362
2,279

3.162
3.387
3,554
4.556

5.511
5.953
7,854
8.422

Loans1
Year
Total

1939

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

On
farm land

On
residential
property

12,188

Other

All
other

571

5,718

709
443
355
406
495

413
272
293
508
254

4.267
5*536
6*828
7,155
7,998

385
229
205
163
129

3,482
3,966

6.6-75
6,788
7,506
174
373

617
597
129

867
416
163
19
52

786
1.389
1.537
1,865
1*638

7,216
8*756
17.932
35,187
35,992

139
1*086
1*909
2*643
2*145

4,478
10.495
16*924
24,165
25*964

910
480
660
795

63,971
77,506
74,586
82,571
89.900

158
242
126
337
235

104
233
145
158
200

1*785
1*687
1,551
1,570
1,420

40.750
48,485
44*831
50*509
50,850

2*025
1.742
1*144
860
1,175

34*007
38*490
45,632
61,750
59,230

1*044
263
204
872
1*169

120*995

420

345

1*784

63*709

2.157

68*167

3.350

1940
1941
1942
1943
1944

24,307
32,325
29,679
30*949
37,172

11,852
17*042
14.479
19,061
23,957

1945
1946
1947
1948
1949

45,941
65*474
99*088
131,376
123,567

31,545
42,852
59,346
66.823
57,583

1950
1951
1952
1953
1954

143*431
167*894
167.034
197*205
203,300

1955

259,432

6
15
13

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Other
loans
to
individuals

720

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Arizona

121

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated.
Investments
Year

U.S.
Government
obligations

Total

Amounts in thousands of dollars]


Cash assets

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1097
1898
1899

300
311
294
321

153
184
184
178

69
59
51
67

78
68
59
76

485
713
933
1*239

7
3
13
11

216
196
310
313

262
514
610
915

26
29
27
46

1*470
1*861
2,271
2.860

1900
1901
1902
1903
1904

362
399
442
558
823

209
221
221
312
544

71
83
103
115
130

82
95
118
131
149

1*148
1.554
1,632
1*851
2*014

11
22
22
33
46

327
398
483
459
456

810
1.134
1.127
1*359
1.512

52
109
171
191
192

3.119
3,759
3,950
4*863
5,398

1905
1906
1907
1908
1909

966
1*170
1,478
1*529
1.604

591
729
950
896
1*021

175
206
246
295
343

200
235
282
338
240

2*326
3*320
4*540
2*192
3*186

49
86
85
93
45

499
592
800
667
807

1.778
2*642
3,655
1,432
2,334

217
247
403
353
363

6,367
8,204
10*984
8,017
9*046

1910
1911
1912
1913
1914

1*583
ItSll
Ii767
2*166
2*271

967
957
1*067
1*222
1.234

326
341
338
453
518

290
213
362
491
519

3*267
3*622
3*435
4*571
5.078

86
97
63
181
694

748
737
762
975
1*163

2*433
2,788
2,610
3,415
3,221

373
542
594
611
650

10.148
10*734
11*126
13*767
15*796

1915
1916
1917
1918
1919

2*846
2*639
2.987
4*394
5*042

1.216
1.206
1.456
2*754
3.414

448
676
788
845
824

1*182
757
743
795
804

4*508
6*501
7*034
6.142
7.159

123
302
381
454
652

924
1*282
1,351
1*078
991

3*461
4*917
5*352
4*610
5,516

687
756
764
786
1,030

15*767
18*835
20,468
23,375
26,453

1920
1921
1922
1923
1924

4*493
4*538
4,776
4*726
4*135

2.921
2.882
3*452
3.349
2*810

744
935
621
485
534

828
721
703
892
791

7,848
5*460
6,876
5*467
6.571

642
520
442
446
543

1*225
1*163
983
871
1*134

5,981
3,777
5,451
4*150
4,894

1,305
1,361
1,465
1,754
2*246

35,328
31*607
30,788
27,782
27,960

1925
1926
1927
1928
1929

4.475
5*314
6972
9*747
11*986

2*631
3*005
4*305
6*164
8,165

576
658
661
1.109
2i334

1,268
1*651
2.006
2,474
1,489

5,804
5*136
5,077
6,131
5,889

449
310
429
486
525

1.173
929
915
865
809

4*182
3*897
3.733
4.780
4,555

2*360
2*596
2*288
2.189
1*443

27,811
27,150
27*946
34*443
36*51-2

1930
1931
1932
1933
1934

12*067
11.820
8*823
11*900
10*927

7*656
6*906
5*989
8*181
7.488

2.460
3.359
1.973
2*284
2*317

1*951
1,555
861
1*435
1,122

6,420
6,605
4*602
5*189
7*179

504
509
425
339
315

882
1*295
1.756
742
650

5.034
4,801
2*421
4,108
6*214

1*583
1*408
1*276
1,413
1,545

34*708
30.523
21*635
22*914
24*024

1935
1936
1937
1938
1939

14*848
16*763
22*493
22*092
19*489

7*567
9.295
14*408
15.908
14.349

3.994
3*115
2.528
1.889
1*888

3,287
4*353
5.557
4*295
3*252

14,476
19,409
18*895
19*693
21*185

485
1,799
1*586
1.367
1*478

1.272
2*029
1.648
1.326
1.638

12,719
15*581
15,661
17*000
18*069

1,901
1,930
1*675
1.816
2*053

41*069
51*850
59.915
63.369
65*190

1940
1941
1942
1943
1944

16*980
18.164
24.917
79*599
109*008

11.311
13*882
21*032
73,991
107.135

2*026
1*802
1*099
915
804

3.643
2.460
2*786
4.693
1*069

27,347
25,177
36*935
50,753
49*405

1*519
2,559
3*669
4*880
4,997

1*694
2*136
3.046
3.521
4.380

24*134
20*482
30,220
42.352
40.028

1*936
2.149
1,924
1,989
2*111

70,570
77.815
93*455
163,290
197.696

1945
1946
1947
1948
1949

143.875
156.151
133.704
118.011
119.763

141,755
152,725
123*242
98*600
100*303

916
1*645
6*087
7.707
7.942

1*204
1*781
4*375
11*704
11*518

63,740
71,034
59,885
62,280
65,745

5.115
5*166
7,153
9*010
9*402

5.206
4.330
4.821
5.612
5.331

53*419
61,538
47,911
47*658
50,512

2*375
2*630
3.650
4.620
4.964

255.931
295*289
296.327
316.287
314,039

1950
1951
1952
1953
1954

131*214
134.102
173.657
160*182
186.619

110,006
108*602
134*896
123.486
144.978

11*200
16*531
29.738
29.605
34*333

10*008
8*969
9*023
7*091
7*308

56,327
68,985
81,222
88,580
88,341

10*170
12,441
19,779
21*660
18,165

6*085
6*723
7.723
8.839
8*714

40*072
49*821
53,720
58*081
61*462

6,014
7,516
8*906
9,409
10.937

336*986
378,497
430*819
455.376
489.197

1955

193*041

146*703

37*028

9*310

92*673

21*930

9*464

61,279

12,988

556*134

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

122

Arizona

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

Intetank

Other
demand

GoJ^Lnt

1896
1897
1898
1899

866
1,2 24
1*625
2.195

18
42
51
42

1900
1901
1902
1903
1904

2*346
2.934
3.091
3,720
4*062

72
142
131
98
69

1905
1906
1907
1908
1909

4,778
6,401
8.939
5,797
6.756

128
126
231
189
264

1910
1911
1912
1913
1914

7.579
6*022
6,2 41
10*662
12.516

1915
1916
1917
1918
1919

839
1*174
1*565
2*143

Other
time

8
8
9
10
11
15
18
20

90

2,263
2,777
2*942
3,602
3*880

100
150
200
245
260

4*522
6*092
8*459
5.303
6,147

28
33
49
60
65

269
477
514
618
1,234

190
188
241
236
276

6,945
7,023
7,012
8,859
9,806

155
334
474
949
1*200

12.222
15*376
17,160
18*8 02
21*526

886
1,341
760
1,007
1,288

279
226
197
341
221

9,541
11*532
13*474
15*012
16,753

1*516
2.277
2*729
2*442
3,264

1920
1921
1922
1923
1924

28,389
21.851
2 4 , 2 98
22,800
23,299

1,618
1.102
1*016
676
861

243
240
183
134
118

22,335
14.670
15*277
14.261
14,613

4,193
5,839
7,822
7*729
7,707

1925
1926
1927
1928
1929

23,851
23,265
24,364
30,465
31,797

669
535
752
949
1,007

115
99
118
106
196

15*247
15,720
15*049
19*645
19,306

7,820
6.911
81445
9*765
11,288

1930
1931
1932
1933
1934

29,453
25,645
16*851
18*915
20*645

935
1,177
540
589
911

129
139
140
133
131

16*671
13.553
8.377
7,945
11.979

11.718
10,776
7,794
10*248
7*624

1935
1936
1937
1938
1939

36,387
47,176
54,821
58,0 72
59,404

1*319
1*370
1,353
2.485
1,773

127
152
154
174
149

26*483
34,935
40.794
40.697
41,473

8,458
10,719
12,520
14*716
16*009

1940
1941
1942
1943
1944

64.770
72,155
87.720
157,5 32
189,743

1,840
2*061
2,243
3.086
2,240

200
211
312
7,065
18*066

46*646
53*194
68*219
124,931
136,852

16*084
16*689
16*946
22.450
30,565

1945
1946
1947
1946
1949

246*207
283*906
283,512
300,2 50
2 9 6 , 4 13

2*824
3.587
2,615
3,992
3,655

22*896
14,347
1*636
3*779
3*780

176*800
212.709
221.492
232.233
227*331

43,687
53*263
57,769
60,246
61*647

1950
1951
1952
1953
1954

315*794
351,718
401,5 0?
422,712
452,075

3,376
5,076
5,848
6,592
8,651

6,966
7,860
5,283
6,007
10,362

232*978
265.523
309.819
319,415
322*426

72*474
73*259
80,553
90*698
110*636

1955

23

Arizona

123

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Borrowings

1896
1897
1898
1899

40

1900
1901
1902
1903
1904

10

1905
1906
1907
1908
1909

5
5
55
65

National
bank

rwhor
^^

Surplus and
other
capital
accounts

,. .
<***
r

Total
liabilities
and capital
accounts

w,,mhr
N*"
^
Danks

81
150
143
140

400
400
400
400

83
87
103
145

1.470
1*861
2t271
2*880

5
5
5
5

188
184
200
293
392

1
7

400
455
455
602
605

185
186
204
257
332

3*119
3.759
3*950
4.883
5.396

5
7
7
11
11

454
560
645
628
698

23
13
4
17
5

705
755
755
755
760

402
470
586
755
807

6367
8.204
10.964
8.017
9.046

13
14
14
13
13

1
2
6
6
14

980
1.030
1.055
1*155
1.175

885
948
999
1.012
1.125

10*148
10.734
11.126
13.767
15.796

13
13
13
13
13

1910
1911
1912
1913
1914

34

703
732
825
932
932

1915
1916
1917
1918
1919

103
32
51
767
805

939
930
829
970
1.014

4
17
54
120
225

1.175
1.225
1.187
1*550
1*550

.324
.255
187
.166
.333

15*767
18*835
20.468
23*375
26*453

13
13
14
18
18

1920
1921
1922
1923
1924

2.035
5*059
1*884
868
603

1*080
1*179
1*210
1*045
1*066

472
184
171
208
228

1*750
1.775
1.900
1.700
1.650

1*602
1*559
1.325
1.161
1*114

35*328
31.607
30*786
27.782
27*960

20
21
22
20
19

1925
1926
1927
1928
1929

857
1*007
336
494
15

567
499
652
672
1*025

214
317
414
297
80

1*500
1.325
1.525
625
.950

822
737
655
890
1.645

27.811
27.150
27.946
34*443
36.512

16
15
15
15
14

1930
1931
1932
1933
1934

55
12
585
81

1*220
1.172
1*022
1*410
854

165
99
90
50
106

.950
800
.650
.525
.625

1.865
1*795
1.437
933
794

34*708
30.523
21.635
22.914
24*024

14
12
10
8
8

510

203
372
373
408
700

2*625
2.690
2.509
2*546
2.534

1.344
1*612
2*212
2*343
2.552

41.069
51.850
59*915
63*369
65.190

7
7
6
5
5

1940
1941
1942
1943
1944

616
812
781
599
685

2*522
2.425
2.425
2.425
3.425

2*662
2*423
2.529
2.734
3*843

70.570
77*815
93*455
163.290
197*696

5
5
5
5
5

1945
1946
1947
1948
1949

1*116
1*205
2*115
3*049
3*216

3*425
4*350
4*300
4*850
5.100

5*183
5*828
6*400
8*138
9.310

255*931
295.289
296*327
316.287
314.039

5
4
3
3
3

4.708
5*999
8*035
7.379

6*025
7*775
7.475
7*475
9*925

11*313
14,296
15.842
17*154
19*816

336*986
378,497
430.819
455*376
489,197

3
3
3
3
3

1935
1936
1937
1938
1939

1950
1951
1952
1953
1954

3.854

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

8.776

124

Arizona

State Commercial BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year

Real
estate

Total

All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1896
1897

630

1898
1899

626
785
921

183
' 183
46
216

106
109
162
212

339
336
577
493

1900
1901
1902
1903
1904

Ii387
1*934
2*458
3*090
3*548

336
403
543
683
784

991
441
700
880
1*011

60
1.090
1.215
1.527
1.753

1920
1921
1922
1923
1924

41*202
35*918
32*491
32*858
31.837

6,963
6*143
6,105
6.626
7.476

16*192
14*807
13*532
13,843
13*765

18.047
14*968
12*854
12.389
10.596

1905
1906
1907
1908
1909

3*601
4*674
5*964
5*695
6tl92

796
1*059
1.490
1*418
1*644

1,026
1*441
1.885
1.794
1.983

1.779
2.174
2.609
2.483
2.565

1925
1926
1927
1928
1929

30*548
29.500
29*599
34*759
37.090

8.720
8,118
8*869
8,701
9,196

13,407
12*768
12*380
17.818
20,674

8*421
6*614
8.350
8*240
7.220

1910
1911
1912
1913
1914

7.784
8*773
9,844
14,426
14.793

1.767
2.122
2*219
3.594
3.301

2.418
2.594
3.022
3.103
3523

3,599
4*057
4*603
7,729
7,969

1930
1931
1932
1933
1934

32.195
23i531
13.831
11.203
10.770

10.256
9*676
6,936
5.668
5.765

11,324
6.336
2*719
3*610
950

10*615
7.519
4*176
1*925
4*055

1915
1916
1917
1916
1919

13*410
17.988
24.828
26*986
29*181

3.409
4.317
5.611
5.721
5,778

3.864
5.558
8.193
9*472
10*855

6,137
8,113
11,024
11,793
12,548

1935
1936
1937
1938

6*308
6*668
8*202
7*392

4*138
2*818
3*423
3*449

413
589
673
513

1*757
3*261
4*106
3*430

Loans'
Commercial,

Year
Total

and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

T
others

On

farm land

1939

On
residential
property

Other

to
individuals

Other

3.143

All
other

1*234

1940
1941
1942
1943
1944

10,077
10*926
11,767
9,334
9,25C

3,098
2.866
4,077
3.029
2,959

192
245
189
168
183

457
419
261
174
226

4.212
4.602
5*115
4*526
4*120

886
982
816
635
509

7*9
867

1.232
1*612
1*309
53
366

1945
1946
1947
1948
1949

10*571
16*106
23.452
31,228
32*185

3,910
6,254
8.104
9,605
7.830

487
759
893
1*051
1.163

305
508
574
552
577

3.818
4.631
7.127
12.531
14.053

471
1.073
1*674
2*066
2.631

1.187
2.341
.051
.406
.100

393
540
29
66
13

1950
1951
1952
1953
1954

27.998
38.607
48.181
58.123
62.230

8.910
14.666
19.286
20.927
23*956

36
62
172
110
126

704
875
862
970
901

11 1138
11*655
13*956
16.069
17*140

1*507
.3*011
1.527
2*216
2.731

,676
,474
12*599
18*301
17*616

19
200
182
72
65

1955

74,722

26*796

237

19.473

4.169

23*642

96

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1.060

the total and are not entirely comparable wilh prior figures. Total loans
continue to be shown net.

Arizona

125

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1696
1897
1696
1899

110
92
134
122

60
60
75
75

50
32
59
47

232
534
600
540

11
6
10
9

100
124
155
162

121
404
435
369

70
98
60
89

1*042
1.352
1.579
1.672

1900
1901
1902
1903
1904

136
230
509
704
585

50
50
50
50
50

86
180
459
654
535

1.106
1*546
1*451
2*154
2*123

21
34
32
67
66

370
384
456
1*808
510

715
1*128
963
279
1*547

133
209
224
202
430

2.762
3*919
4*642
6.150
6*686

1905
1906
1907
1908
1909

673
884
904
924
1.052

50
50
50
50
96

24
239
244
249
284

599
595
610
625
672

2*627
3.277
3*800
3*037
3*904

68
65
182
217
85

879
669
1*064
987
1*055

1*680
2*343
2*554
1*633
2.764

380 .
563
730
617
777

7.281
9*398
11*418
10,273
11*925

1910
1911
1912
1913
1914

1 1!63
1.486
1*742
2*391
2332

35
35
165
182
192

374
502
542
666
959

754
951
1*035
1*523
1.161

4*035
4*908
5*506
6*612
7.939

142
171
134
120
194

1.033
1.068
1*121
1.415
1.862

2.860
3.669
4*251
5*077
5*883

804
969
967
1(148
1*030

13.786
16.138
18,059
24.577
26.094

1915
1916
1917
1918
1919

2*179
2i507
3.706
7.204
8*367

182
211
534
1*693
2*569

992
1*088
1*434
2*364
2*354

1.005
1.208
1738
3.147
3*444

7.895
13.275
18*453
12.695
14.153

115
199
277
190
388

1.457
2.352
3.243
2*779
2.701

6*323
10*724
14*938
9.726
11.064

1(385
1*360
1.491
1.559
1*629

24*869
35.150
48*463
46*444
53*330

1920
1921
1922
1923
1924

8*082
6.412
8*198
7.411
7.039

2*821
2*493
3*194
2.892
2*782

2*020
Ii416
1*674
1*399
1*282

3*241
2.503
3*330
3*120
2.975

14.074
11*749
12*179
11.153
10*834

357
295
365
334
353

2*646
2.297
4*361
3*796
2*386

11.069
9.157
7.453
7*023
8.093

1.879
2.346
2*064
2*137
3*125

65*237
56.425
54.932
53.559
52.835

1925
1926
1927
1926
1929

9.052
9.293
12*289
14.392
18.711

3*468
4*021
5*442
5.325
7.439

1*416
1*701
2*366
3*177
3.786

4*166
3*571
4,481
5.990
7*486

11*126
10*254
10*621
11.642
12.394

345
565
900
556
1*369

2.410
2.660
2.275
2.293
2.261

8*371
7*029
7.446
8*793
8.764

3*352
3*419
3*336
3*062
3*430

54.578
52*466
55*645
63*855
71*625

1930
1931
1932
1933
1934

16*815
16*988
12*408
10*455
11.780

5.447
6*641
4*622
4.067
3*702

4*109
4*508
3*597
3*459
4*098

7.259
5.839
4*169
2*929
3*980

11*862
11*013
6*414
6*025
9.267

1*137
446
394
225
293

2*246
2.370
2*260
1*169
1*165

8.479
8.197
3*740
4.631
7.809

3*193
2*734
2*106
2*525
2*140

64*065
54*266
34*761
30.206
33,957

1935
1936
1937
1938
1939

7*381
8*051
10.389
10*580
10*802

3.307
4*696
6,673
6*427
6*220

2*774
2.271
2*109
2*512
3*069

1*300
1*082
1*607
1*641
1*493

7*621
9*683
10.711
9*462
9*849

118
183
303
371
299

677
1*006
1*135
948
948

6(826
8*694
9,273
8*143
8*602

1*311
1*400
974
929
891

22.621
26*002
30*276
28.363
30*330

1940
1941
1942
1943
1944

9*736
11*184
12*577
24*504
37.826

5.743
7*372
8*942
21*086
35*096

2*982
2*964
2.731
2.394
1*992

1*011
628
904
1*024
736

10.645
11*460
13*167
19.217
18*705

272
330
129
257
516

1*014
1*046
1*584
1.892
1*674

9*359
10*084
11.454
17*068
16*315

921
761
785
710
481

31.379
34.331
38*296
53*765
66.262

1945
1946
1947
1948
1949

54.295
65.051
67*178
65*581
67*694

51.722
62*250
60*471
56*604
56*402

1.857
2*037
5.795
7*296
9.098

716
764
912
1*681
2.194

16.142
22.296
21*394
22*654
23.372

744
1*476
1*027
1*526
1.350

1*790
2*210
2*654
3*042
3.505

15.608
18.610
17713
18*086
IB. 517

554
538
1*762
2*119
2*251

83.562
103.991
113*786
121.582
125.502

1950
1951
1952
1953
1954

65*086
74*383
85*449
100*454
97.732

53*308
56*467
67*435
80*446
74*398

9.344
11*915
13.403
13*914
13*865

2.436
4*001
4.611
6*092
9.469

22.863
25*267
33*039
31*232
32*975

2*581
2*835
4*933
6*167
4*299

3.174
4.047
4*472
5.207
5*176

17.108
18.385
23.634
19*858
23*500

2*579
3.218
3*420
3*660
4.277

118.528
141.475
170*069
193.469
197.214

1955

111*131

86*313

14.237

10*561

31*404

5.556

6.058

19.790

5.004

222*261

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126

Arizona

State Commercial BanksTable 3

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ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

Deposits
Year
Total

Interbank

Other
demand

J^

Other
time

1696

1897
1898
1899

718
1.063
1,297
1*386

15
12
18
18

660
973
1*168
1,231

43
78
111
137

1900
1901
1902
1903
1904

2,322
3,271
3,914
4,837
5,479

25
38
57
106

2*037
2,626
3,321
4,102
4,486

260
407
536
735
887

1905
1906
1907
1908
1909

6,007
7,753
9,546
8,218
9,668

120
170
264
198
265

4*833
6*127
7*379
6*272
8,109

1*054
1,456
1,903
1,748
1*274

1910
1911
1912
1913
1914

11*407
13,251
15,118
19,358
22.482

365
438
569
545
726

8*825
9*516
10*773
12*649
14.403

2*217
3*297
3*756
6*164
7*353

1915
1916
1917
1916
1919

20,790
30*744
43,113
42*203
45,528

1,152
1*632
1*990
2,019
2,405

12*752
18.777
26*319
25,461
27*240

6*666
10,335
14*804
14*627
15*862

1920
1921
1922
1923
1924

55,468
42,463
43*811
42*767
43,462

2,178
1,624
1*542
1,633
1,536

33*410
25*445
25*577
24*320
24,042

19*876
15*394
16,692
16,834
17*884

1925
1926
1927
1928
1929

45*929
44,929
47,660
56*649
62*762

1,546
814
992
1*026
1,051

24,647
24,935
26,032
30*453
34*241

19*536
19,180
20*636
25*170
27*469

1930
1931
1932
1933
1934

54,817
46,308
27,557
25,188
29,927

896
754
280
293
267

205
63
25

29*275
23*561
12,154
12,369
16*072

24*646
21*973
14,918
12,443
13*563

1935
1936
1937
1938
1939

19,906
23,149
27,394
25,426
27,337

176
190
164
116
149

8,101
11,704
14,928
12,120
12*973

11*577
11,254
12*299
13,190
14,215

1940
1941
1942
1943
1944

28,322
31,280
35.041
50*228
62*313

122
109
258
223
272

6
29
1,764
5,029

14,251
16,793
20*790
31,480
36*078

13*949
14*372
13*964
16*761
20*934

1945
1946
1947
1948
1949

78,855
98,146
106,742
113,695
116,676

353
347
354
282
360

6*250
4*355
255
717
896

<*4.827
60,632
70.225
76,438
78,287

27*^25
32*812
35*908
36,258
37,113

1950
1951
1952
1953
1954

110,136
130,850
157,828
178,472
180,376

368
324
240
470
492

1,568
2,099
2,407
2*801
3,666

80,894
99,512
121,634
135,462
129*850

27,306
28*915
33,547
39,73V
46*368

204,446

96
21
4

52
1
3

Arizona

127

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated.

Year

National
bank

Borrowings

1896
1897
1898
1899

-..
liabilities

1900
1901
1902
1903
1904

Surplus and
other
capital
accounts

.. .
<****
r

12

Amounts in thousands of dollars]


Total
liabilities
and capital
accounts

Number
Number
^

237
238
222
230

75
51
60
56

1*042
1.352
1.579
1*672

7
7
7
8

25
28
5
7

373
470
500
989
853

67
153
200
319
347

2.762
3.919
4*642
6.150
6.686

16
16
16
24
26

1905
1906
1907
1908
1909

50
50
150
179

8
10
16
134
1

820
903
1.035
1.103
1.234

446
682
771
668
843

7,281
9.398
11.418
10.273
11.925

21
26
28
29
35

1910
1911
1912
1913
1914

55
99
163
291
213

22
27
45
113
12

1.369
1.592
1*594
3.151
1*886

933
1.169
1.139
1.664
1.501

13.786
16*138
18.059
24,577
26*094

37
39
38
43
47

1915
1916
1917
1918

152

91
97
229
690

1.485
1.573
2.222
2*497
2.865

24.869
35.150
48.483
48.444
53.330

46
53
56
60
63

1919

1567

103

2.351
2.736
2*919
3.054
3.267

1920
1921
1922
1923
1924

2*464
6*264
3*507
2*903
1*443

225
207
254
752

3.736
4.353
4,560
4.578
4*229

3.569
3.120
2.847
3,037
2,949

65.237
56.425
54.932
53,559
52*835

67
62
58
55
45

1925
1926
1927
1928
1929

1.247
522
403
169
220

475
896
1.223
206
348

3.904
3,557
3.692
3.691
4,376

3.023
2,562
2.867
3.140
3.919

54,578
52,466
55,845
63.855
71,625

40
33
32
31
34

1930
1931
1932
1933
1934

397
209
1*183
41

355
336
324
290
599

4.280
3*685
2.979
2*694
2.450

4.216
3*728
2.718
1*995
981

64.065
54,266
34*761
30.208
33.957

33
27
18
13
11

1935
1936
1937
1938
1939

55
47
57
87
151

1.399
1,349
1.330
1.342
1,322

.261
,457
.495
.508
.520

22.621
26,002
30,276
28.363
30,330

10
9
9
8
8

1940
1941
1942
1943
1944

131
75
106
103
155

1,323
1,323
1*322
1,322
1,322

,603
,653
*827
2,112
2*472

31,379
34,331
38*296
53,765
66*262

8
6
6
8
6

1945
1946
1947
1948
1949

199
258
608
663
759

1*423
1.522
1.608
1.758
1*908

3*085
4,065
4.328
5.466
6*159

83.562
103.991
113.786
121.582
125*502

8
8
8
8
8

1*660
2,710
3.310
4*160
4*410

6*188
6,864
7,433
8*685
10.036

118*528
141*475
170,089
193*469
197,214

7
9
10
11
11

4,510

10*611

1950
1951
1952
1953
1954

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24

520
1*051
1*518
2*152
2.392

'

ARKANSAS

description of these figures is included in the


United States Summary. Compilation of figures for State commercial banks presented a
number of problems and considerations not
encountered in compiling the balance sheet
for national banks. The following sections
describe these problems and the methods used
in deriving the revised series.
The primary sources of statistics for State
commercial banks for the period 1896-1933
were (1) figures reported to the Comptroller
of the Currency and published in his annual
reports and (2) figures published in the reports
and abstracts of the State banking department. These sources were supplemented by
data obtained from bankers' directories and
other sources.
The sources of such statistics for the
period 1934-1946 were (1) summary figures
for insured banks published or supplied by the
Federal Deposit Insurance Corporation and
(2) figures for noninsured banks obtained from
reports of the State banking department or
from bankers' directories. Data for this period
are discussed separately because of the substantially better coverage and more consistent
reporting beginning in 1934.
Beginning with 1947, all statisticsincluding the breakdowns of loans, investments,
cash assets, and depositsfor State commercial banks were taken directly from data published or supplied by the Federal Deposit
Insurance Corporation.

Revised data for assets and liabilities and


number of all banks in Arkansas, as of June
30 or the nearest available date, in the period
1896-1955 are shown in Table 1; for national
banks, in Table 2; and for State commercial
banks, in Table 3.1 A separate balance sheet
was not compiled for unincorporated banks in
this State because adequate data for most
years were reported, either separately or in
combination with data for other State commercial banks, in the reports of the Comptroller of the Currency or the State banking
department.
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the
principal methods and procedures used in
compiling the figures.
The figures for national banks in Arkansas were obtained from the abstracts and
annual reports of the Comptroller of the Currency with relatively minor adjustments. A
1
Since there have been no mutual savings banks in Arkansas, the figures for all commercial banks are identical with
those for all banks.
For the same reason, the term "State commercial banks"
used in Table 3 is synonymous with "all banks other than
national"; it refers to banks that at one time or another during the period were designated in the annual reports of the
Comptroller of the Currency as "State banks," "loan and
trust companies," "stock savings banks/' or "private banks
and bankers" (unincorporated banks). In addition, in the
case of this State, the term includes cooperative exchanges.

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128

Arkansas

129

STATE COMMERCIAL BANKS, 1896-1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete or were not available.2 The United States Summary includes
a discussion and evaluation of alternative
estimating procedures considered, tested, and
used in one or more States. It also includes
examples of the use of banking trends as a
guide in making State estimates.
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET

Both the number of banks and the aggregate balance sheet appear to have been substantially underreported to the Comptroller
in the period 1896-1913. Estimates of the
number of banks and the aggregate balance
sheet in this period were based on information
obtained from the State banking department
report for 1914, bankers' directories, and the
annual publication, Trust Companies of the
United States.3 The report of the State banking department for 1914, the year the department was organized, includes the names of
active and inactive banks in that year, with
the date of incorporation of each. With this
as a guide the numbers of banks for prior
years were derived from bankers' directories
and Trust Companies of the United States.
As a result of this research*, figures for
both number of banks and balance sheets as
reported by the Comptroller were revised to
include the number of banks shown in the
accompanying table.
Balance-sheet data for these banks were
estimated on the basis of data for capital
-In cases where the breakdown of a given item (for example, total loans) was not estimated on the basis of a
percentage distribution, but where one or more components
were estimated on the basis of data from various sources or
for various dates, the "other" category (for example, other
loans)
is a residual.
y
United States Mortgage and Trust Company (New
York).

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ADDITIONS TO NUMBER OF BANKS

Year
1896
1897
1898
1899...
1900

1901.
1902
1903
1904

Number
73
69
62
65
76
93
99
123
244

Year

Number

1905
1906
1907
1908
1909

152
213
186
200
117

1910...
1911
1912
1913..

127
94
74
122

stock and other capital accounts obtained


from bankers' directories and Trust Companies of the United States. Total assets and
liabilities for unreported banks were estimated by assuming that the ratios of their
total assets and liabilities to capital accounts
were the same as for banks reporting to the
Comptroller. Similarly, estimates of the major
balance-sheet itemsas well as the breakdowns of all major items except loansat
unreported banks were based on the ratio of
each item to total assets or total liabilities at
all reporting banks.
For several years during the period 18961913 the number of banks in the new series is
several times the number reported by the
Comptroller. The aggregate balance sheet and
the individual balance-sheet items for these
years were expanded by about the same proportions as the number of banks.
LOANS

A complete classification of loans into


real estate, collateral, and "all other" was not
reported to the Comptroller regularly until
1934. A loan breakdown for the period prior
to 1914 was reported for a comparatively
small number of State commercial banks, but
these data did not appear to provide an adequate basis for estimates. For years when
items were not reported, figures were obtained
from other sources or were estimated.
Real estate loans were estimated for the

130

All-Bank Statistics

period 1896-1908 by applying to the estimated


figures for total loans the ratio of real estate
loans to total loans based on reported data
for 1909. For 1910-1913, estimates were made
by applying to total loans, ratios of real estate
loans to the total that were derived by interpolating between similar ratios based on reported data for 1909 and 1914.
Collateral loans for the period 1896-1908
were estimated by the method used for real
estate loans in the same period. Estimates for
the period 1910-1933 were derived by applying to total loans in each year ratios of this
item to total loans derived by interpolating
between similar ratios based on reported data
for 1909 and 1934. This case was an exception
to the general rule of avoiding the use of
simple straight-line interpolation over such a
long period. Statistical testing provided no
clear evidence that the behavior of these
loans at Arkansas State commercial banks
was correlated with that of national banks in
Arkansas or of commercial banks in nearby
States.
INVESTMENTS

A complete classification of investments


into United States Government, State and
political subdivision, and other securities was
not reported to the Comptroller regularly until
1934, although United States Government
securities were reported for the entire period.
For years when other items were not reported,
figures were obtained from other sources or
were estimated.
Holdings of obligations of States and
political subdivisions for 1914 were estimated
by assuming only a nominal increase from
reported data for 1913. For the period 19161933, estimates for these securities were derived by applying to total investments less
United States Government securities, ratios
that reflected changes over the period in the
ratio of this item to total investments less
United States Government securities at Ar-

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Federal Reserve Bank of St. Louis

kansas national banks; these ratios were


derived by interpolating technique No. 2,
described in the United States Summary.
DEPOSITS

The breakdown of deposits into interbank,


United States Government, other demand, and
other time was adequate, after some minor
revisions, in the reports of the Comptroller
beginning with 1909 although reported figures
for United States Government deposits were
supplemented in a number of years.4 No
attempt was made in the revised series to
provide figures for the latter item prior to
1918 because practically all such deposits
were held by national banks.
In years when items were not reported,
figures were obtained from other sources or
were estimated.
The breakdowns of total deposits other
than interbank into demand and time for
1896-1908 were estimated by applying to this
total, ratios (extrapolated from reported data
for 1909-1924) that reflected changes over the
period in the ratio of each item to total deposits other than interbank at Missouri State
commercial banks; these ratios were derived
by extrapolating technique No. 2, described
in the United States Summary.
Figures for United States Government
deposits for 1918-1930 represent such deposits
at State member banks only, which held practically all of this type of deposit at State
commercial banks. Figures except for 1918
are as reported. The figure for 1918 was estimated by applying to United States Government deposits at all State member banks in
the United States on June 30 of that year, the
ratio of these deposits at State member banks
in Arkansas to such deposits at all State
member banks on June 30, 1919.
4
In subsequent paragraphs these items (if discussed) are
designated and arranged as follows: demand, time, interbank,
and United States Government. This order differs from that
in the tables.

Arkansas

131

STATE COMMERCIAL BANKS, 1934-1946


The principal assets and liabilities of
State commercial banks for 1934-1946 were
obtained by combining data for insured banks
published by the Federal Deposit Insurance
Corporation with data for individual noninsured banks operating under the general banking code. The data for noninsured -banks were
derived from reports of the State banking
department or from bankers* directories. In
this State the noninsured bank category consists of incorporated banks (there were no
private banks in this period) and cooperative exchanges. Cooperative exchanges transact a limited amount of banking business and
they represent only a small proportion of the
noninsured bank total; their total assets were
largest$2,169,000in June 1945. Data for
cooperative exchanges were tabulated separately from those for noninsured incorporated
banks because their balance sheets were inadequately reported prior to 1942.
Noninsured incorporated banks. The
breakdowns of some of the principal asset and
liability items that were required for the allbank series were not available for noninsured
incorporated banks for every year during the
1934-1946 period in the sources cited. The
breakdowns of loans and of cash assets for
the entire period were estimated on the basis
of the percentage distributions of these items
at insured nonmember commercial banks in
corresponding years. The breakdowns of deposits for 1934-1941 were made on the basis
of the percentage distribution of this item at
noninsured incorporated banks in 1942.
Reports of individual noninsured banks
received by the Federal Deposit Insurance
Corporation for 1942-1946 indicated that, except for one trust company, their holdings of
securities other than United States "Government obligations were obligations of States
and political subdivisions; the amounts shown
by these banks for securities other than United
States Government obligations for the period
1934-1941 were classified accordingly. For the

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

trust company these securities were treated as


"other" securities; on this basis the estimates
were consistent with data in reports received
by the Federal Deposit Insurance Corporation
for 1942-1946.
Cooperative exchanges* Aggregate balance-sheet data for these institutions for the
period 1934-1941 were estimated from data
for those institutions for which balance-sheet
information was available in bankers' directories. Institutions for which no figures were
reported in any year were included in the
number only.
For those institutions for which balancesheet data were available for one or more
years, data for the principal items were tabulated, insofar as available, on an individual
institution basis for each year; data for other
years were estimated in one of several ways:
by repeating data for the nearest year; by
interpolation; or by estimating on the basis
of data for exchanges of the same size.
Balance-sheet figures for 1942 were derived from individual statements furnished to
the Federal Deposit Insurance Corporation;
for 1943-1946, from reports of the State
banking department.
The breakdowns of the principal balancesheet items of cooperative exchanges were
estimated by the same general procedure
used for noninsured incorporated banks. The
breakdowns of loans and of cash assets for
1934-1946 were made on the basis of the percentage distributions of these items at insured
nonmember commercial banks in corresponding years. On the basis of reports of individual cooperative exchanges for 1942-1946,
it appeared that their holdings of securities
other than United States Government obligations were obligations of States and political
subdivisions, and that their deposits were all
demand deposits. For 1934-1941, the amounts
shown for securities other than United States
Government and for total deposits for these
institutions were classified accordingly.

132

Arkansas

All BanksTable 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

LOJ ns

Loans
Year
Total

Real
estate

9.260

All
other

Collateral

Year
Total

1896
1897
1898
1699

8*489
10*404

818
787
743
944

1*597
1*540
1*350
1.627

6*845
6*385
6*396
7.833

1900
1901
1902
1903
1904

12*407
16*201
19*830
23*333
28*937

1*138
1*462
1*806
2.193
2.513

1.934
2.517
3.127
3.730
4.954

9,335
12.222
14.897
17*410
21.470

1920
1921
1922
1923

1905
1906
1907
1908
1909

34*901
48*758
49*578
48*872
51*126

3*032
4.461
4,410
4*283
4*420

5,813
7.894
3. 032
8,291
8,902

26.056
36.403
37.136
36.298
37,804

1910
1911
1912
1913
1914

57*400
64*690
71*914
81*962
71.724

5*859
7*804
9,911
12.762
12.036

9.975
10*987
12,413
14.070
12.615

1915
1916
1917
1916
1919

63.932
63*946
86.045
112*069
132*031

11.584
12.452
14,223
14*624
16*068

11*748
12*381
15*505
20.571
25.164

6.712

Real
estate

Collateral

All
other

1924

188.796
163*121
147,156
163.659
170.282

21.255
23,203
24.158
25.602
28*176

34.177
28.430
25.511
27*973
28*907

133.366
111.488
97.487
110.184
113*199

1925
1926
1927
1928
1929

175.437
186,545
170.563
167.634
164.426

27,638
29,322
29,625
27,886
27,560

28,057
31*076
31,260
28.929
15,500

119,742
126.147
109.678
110*819
121*366

41,566
45,899
49*590
55,130
47,071

1930
1931
1932
1933
1934

157.447
99.948
72.223
45*602
43,883

26,359
21,450
17,893
13.005
11*608

11,795
8*624
5,899
4,950
5*188

119,293
69.874
48.431
27.647
27.087

40,600
44,113
56,317
76,874
90*799

1935
1936
1937
1938

51.343
48.105
52.994
62.656

10*822
11*516
11,573
11,453

5*525
5*818
7,282
6.680

34*996
30.771
34*139
44*523

Loans1

Year
Total

Commercial,
industrial,

and

agricultural

For purchasing or
carrying securities
To brokers

and

dealers

Real estate

To

On

others

farm land

Other
loans

On

to

residential
property

individuals

Other

All
other

1939

74*056

3.911

5.115

1940
1941
1942
1943
1944

67*185
70.954
66*005
62.701
84.316

35.116
34,330
34*001
34.549
45,914

316
284
212
377
589

1,002
1,012
1*061
1.218
9,168

3,680
3.957
3*671
3.333
3,582

6.136
6*825
6*774
5*697
5,775

3*259
3*486
3*254
2*746
2,167

8*097
9,868

17*676
21*060
17.032
6*684
7,253

19*5
1946
1947
1948
1949

95.162
102*206
146.128
175*720
209*927

56*412
47,039
65.507
83*679
115.520

837
1*492
404
914
577

6,857
5,320
5,349
2*632
1*547

4.362
7.629
9,572
10*146
10,251

6*682
12*634
18,665
24*706
24,300

2*494
5.185
9,497
10,155
10,292

12*989
18*115
34,503
41,240
45*266

4,529
4,792
2*611
2*653
3*025

1950
1951
1952
1953
1954

198.555
229*264
247,357
261*816
327.491

90*915
108*923
119*920
124*220
182.785

1*046
1*410
1*416
1*958
1.531

963
1,367
1,501
1*584
1,282

10.459
12,180
13.635
14.940
15.656

27.071
28,962
30,290
29,867
29*821

11,170
12,655
12,556
13,515
14,718

55*376
62,050
65,445
74*352
80*139

2*749
3*120
4.290
3*278
3,553

1955

325.832

158.827

1*660

1,496

18*225

34*295

18,399

92*327

3*116

' Beginning June 30, 1948, figures for various toan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

17.554

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Arkansas

133

Table 7All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Investments
Year
Total

U.S.
Government
obligations

Cash assets

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

1*136
952
1.169
915

406
410
496
520

511
71
86
113

219
471
587
282

3,520
4,141
5*570
7,233

128
94
104
111

1,102
1,558
1,513
1,925

2,290
2,489
3,953
5,197

680
879
806
896

14*596
14*664
16*034
19.448

1900
1901
1902
1903
1904

1031
1.097
1.367
1.905
1*846

474
606
616
664
809

117
166
285
247
269

440
325
466
994
768

7*374
8*165
9,492
12,283
12*457

169
327
329
272
709

1*922
1,899
2,207
2,689
2,551

5,283
5*939
6,956
9,322
9.197

889
984
1.210
1.400
1.662

21*701
26.447
31.899
38.921
44.902

1905
1906
1907
1908
1909

2.411
2.520
2.699
3.290
4*008

1*208
1.431
1*724
2.312
2,545

430
218
299
209
455

773
871
676
769
1,006

13.488
16*011
16,655
15,837
18.954

469
486
732
410
604

3*490
4.074
4*682
4*591
5.346

9.529
11*451
11*241
10*836
12*804

2,435
2.225
3.507
2,863
4,684

53.235
69.514
72.439
70.862
78.772

1910
1911
1912
1913
1914

4*799
5.203
5*880
6.421
6.105

2*554
2.635
2.980
3,248
3,263

430
269
425
519
595

1,815
2.299
2,475
2*654
2.247

15.437
25.143
19.756
23.852
20.593

1,044
1,079
901
1.263
968

4.3005,Z46
5,641
5,815
4,924

10*093
18*818
13.214
16.774
14,701

5,602
5*982
4.997
6*928
5,906

83.238
101.018
102.547
119.163
104*328

1915
1916
1917
1918
1919

6.773
6.583
11.049
22.984
29.339

3,424
3,245
5,590
16,980
23,468

708
761
1,692
2*381
2,075

2.641
2.577
3*767
3*623
3.796

19*498
28.210
40,169
35,997
41,761

767
794
1,036
1.452
2,329.

4,376
4,735
6,075
5,332
5.123

14*355
22,681
33*058
29*213
34*309

6,191
6,249
6,156
6,133
6,883

96.394
109,988
143,419
177,183
210,014

1920
1921
1922
1923
1924

28.407
26,332
19,714
26,892
22.024

20565
17.847
12,094
18*935
12*863

3,982
3*830
3,506
3,918
5,236

3.860
4.655
4.114
4.039
3.925

44.313
38,392
43.635
49.723
45.789

3.343
2.696
3.968
3.543
3.689

5,741
5.258
4*866
4*640
5*529

35*229
30*438
34*801
41,540
36.571

7,305
8,528
9,919
11,000
12,584

268.623
236*373
220,424
251,274
250,679

1925
1926
1927
1928
1929

25.904
26.915
28,324
37.126
43.767

15.900
15,468
14,201
17,989
22,073

4,520
6*131
7*851
7,947
13*036

5*484
5,316
6*272
11,190
8*658

55.910
57.437
56,832
51.191
48.109

3,560
4.861
4.250
3.598
4.179

5,788
6.094
5.950
5.085
4.752

46*562
46*482
46*632
42*506
39.178

13,001
13*458
13*184
13,114
13,036

270.252
284,355
268,903
269,065
269,338

1930
1931
1932
1933
1934

36, ( 5 7
35.423
33,722
33,307
42,605

14,163
12,709
12,858
14,285
22,721

13,944
12,393
10,969
9,464
9.921

8,550
9,821
9,895
9,558
10,163

46.419
43,613
31,310
31*081
39,400

3.210
2.444
1,372
1*670
1,919

5.192
4.939
3,752
2,771
2,609

38.017
36.230
26*186
26*640
34*872

12,808
9,582
8,537
6,780
6*310

253,331
186,566
145*792
116*770
132,398

1935
1936
1937
1938
1939

43*606
53*315
61*732
53.572
50.941

24,270
28,291
32,507
24,837
22,066

11.275
16.313
20,748
22,065
23,046

6,061
8,711
8,477
6,670
5,827

49,544
65,874
67,387
64 ,449
72,601

2,303
3,512
3,477
3,641
3.217

2,606
3.566
4,103
4,223
4,187

44,635
58*796
59*807
56,585
65.197

6,275
6,017
5*496
5,326
5,108

150,768
173,311
187,611
186.003
202*706

1940
1941
1942
1943
1944

54.943
66.750
100.637
214,357
272*228

23,174
30,236
65,411
180*436
239.090

26,465
31*473
29*882
28,680
27,538

5,304
5,041
5,344
5,241
5,600

91,058
113*263
159*849
185*651
181.372

3,478
5,038
6,231
7,019
7,185

4,201
4,973
7,631
8,679
10,060

83.379
103.252
145.987
169,953
164,127

4,649
4,263
3,953
3,684
3,937

217.835
255,230
330*444
466*393
541*853

1945
1946
1947
194ft
1949

374.370
456 .749
406*059
379,339
357.301

337,626
405,080
344,912
316,450
294,525

31,271
37,382
45,300
51,365
51,171

5,473
14,287
15*847
11.574
11.605

229*693
232*811
211.028
206*010
210.996

9,321
12,563
13,591
15,582
15,629

9,912
12,221
12,403
14,828
16,569

210,460
208,027
185,034
175.600
178,798

3,694
3,825
4.186
4.418
5.004

702,919
795,591
767,401
765,487
783,228

1950
1951
1952
1953
1954

392. 35
375,682
392.793
405?40
376,633

124,505
300,728
307,790
315,242
262*075

57*890
62*560
74,661
80,687
96. COT

10,440
12.594
10,342
9,411
8,556

214*995
221,695
246*088
249.857
257*877

20,869
20,757
23.782
24.802
30.961

15,623
14,341
17,783
19,252
19,351

178.503
186.597
204,523
205,803
207,565

5.416
5.928
6.514
6,506
8,163

811,801
832,769
892,752
923,519
970,164

29,660

20,152

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

312,123

134

Arkansas

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figun

of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

Deposits
Year
Total

1696
1897

Interbank

159
357

U.S.
Government

Other
demand

Other
time

1898
1899

7,670
8,299
10*098
13,244

461
811

43
51
51

6,936
7*283
8*807
11*341

1*041

1900
1901
1902
1903
1904

15.233
18*685
23,116
28.475
32*233

803
929
960
2,136
1*266

90
95
101
101
81

13*060
16*043
19*383
23,050
27,344

1*280
1*618
2*674
3*188
3*542

1905
1906
1907
1908
1909

38,140
48,935
51.715
46*690
53*150

3,139
1*996
3,205
3*236
4,447

80
81
205
261
109

30,480
40*208
41*214
36,662
40,611

4*441
6*650
7.091
6.531
7*983

1910
1911
1912
1913
1914

52*543
69,687
68*156
81.000
67,141

3,927
6,156
5*072
6,306
5*350

85
82
167
44
131

39,794
51,125
50.079
57,789
51*163

8737
12*324
12*838
16*861
10,497

1915
1916
1917
1918
1919

60*842
76,742
109*173
133*241
154,737

5,035
6,449
12,914
11,094
12*462

103
104
203
1.376
403

44*881
56.225
79,048
101*131
117,472

10*823
11*964
17*008
19*636
24*380

1920
1921
1922
1923
1924

186,655
157,112
160,846 <
196*441
191,658

12,792
10*570
12,178
15*655
13.913

222
613
391
615
261

141,337
111*285
110*405
130*817
124*027

34*304
34*644
37*872
49*354
53*457

1925
1926
1927
1928
1929

215*928
226,623
219,000
219,594
217,861

19*868
19*634
19.175
17.180
16,453

338
492
424
481
605

130.350
136*152
126*053
126*794
124*767

65*372
70*345
73*348
75,139
76*036

1930
1931
1932
1933
1934

199,438
151,587
108.173
87,479
107,022

14,812
14,460
8.700
6.185
8,360

362
365
326
432
1*218

109*990
80*680
56.079
45*417
58.109

74*274
56*062
43*068
35.445
39*335

1935
1936
1937
1938
1939

127,529
150.623
163,732
161,687
177,149

11*374
15,843
17,479
17.429
20*014

347
1*289
649
423
1,302

74.116
89.726
99.768
97.499
110*016

41.692
43*765
45*836
46*336
45,817

1940
1941
1942
1943
1944

191*655
227*975
302,210
436,572
509,628

25,492
30,497
39,692
49*964
47,264

1,298
1,420
2*969
20,023
46,707

117.341
147,301
210,989
316.763
358.778

47,524
48*757
48*560
49,802
56,879

1945
1946
1947
1948
1949

667,542
755,532
722,308
716,025
728*958

61,192
53,873
5*118
0.753
2.628

58,573
39*441
6*115
7.823
6.039

472.625
571,128
575,623
572*596
582*854

75*152
91,090
95,452
94,853
97,437

1950
1951
1952
1953
1954

752*134
768,165
823,200
848,435
888*095

8,532
9,451
52,732
53,058
59,002

8*291
11,084
13*244
8,916
13,235

594.311
607.692
648,361
666*084
671,04}

101.000
99.938
108.843
120.377
144,817

575
616
779

Arkansas

135

Table 1 All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Nati 31
bank
no

Borrowings

Capital

Otto

liabilities

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

21
52
10

254
259
222
225

422
177
138
216

4.404
4*120
4*074
4.031

1*825
1,777
1*492
1.732

14.596
14*684
16,034
19,448

103
110
106
109

1900
1901
1902
1903
1904

12
23'
43

31
399
83
122
413

4.133
4.605
5.417
6*801
8*726

2*058
2.414
2.903
3*159
2.907

21,701
26,447
31,899
38*921
44*902

125
149
172
223
361

98

234
321
335
364
525

1905
1906
1907
1908
1909

85
230
119
321
710

817
1.115
1*285
1*891
2*068

488
2*038
267
564
247

10*121
12.277
13*983
15.155
15*362

3.584
4,919
5,070
6.241
7.235

53.235
69.514
72*439
70*862
76.772

298
340
364
364
381

1910
1911
1912
1913
1914

4*448
1813
3*347
5319
6*363

2*335
2.499
2.755
2.970
2*908

291
158
479
205
238

16*149
17.974
19.140
21*119
18.902

7.472
8.887
3*670
8.550
8.756

83,236
101,016
102*547
119*163
104*328

398
438
450
453
482

1915
1916
1917
1918
1919

4*463
2*558
2.021
9*345
18.879

3.155
3*031
3.060
3*287
3*288

286
87
222
744
1.622

18*666
18*810
18*971
19*350
19*529

8.982
8.760
9,972
11.216
11.959

96*394
109*966
143*419
177,183
210,014

453
454
455
461
464

1920
1921
1932
1923
1924

37.335
35*091
15>721
10*423
14*473

3*882
4*060
4*245
4*230
4*098

2*191
2*112
1*845
1*435
1*362

22*668
23*786
23.825
24.431
24.558

14*072
14*212
13*942
14*314
14*530

268,823
236,373
220*424
251.274
250.679

487
488
466
491
485

1925
1926
1927
1928
1929

10*964
14*245
8*255
8*619
10*165

3.757
3*691
3*441
3*704
3*883

1*238
1*454
956
771
1*314

24*186
23*841
22*617
22*124
21*719

14*179
14,501
14,634
14,253
14,396

270.252
284.355
268.903
269*065
269*338

482
478
455
437
420

1930
1931
1932
1933
1934

14.113
4*433
9*278 6*008

3.772
3*137
3*123
3.444
3*606

1*433
1.541
800
1*006
277

20*403
15.963
14.291
11*638
13*523

14,172
11*685
10*127
7,195
7,527

253*331
188*566
145*792
116.770
132*396

396
321
273
196
232

1.099

234
314
419
394
439

13*841
13.771
13.641
13.551
13*339

7,999
8.545
9.595
10.241
11,464

150*768
173*311
187.611
186*003
202.706

242
236
236
237
234

484
491
555
560
638

13*225
12*989
13*046
13*010
13*225

12.456
13.765
14.633
16.251
18*362

217*835
255.230
330*444
466*393
541*653

232
229
227
223
223

751

1.058
1.220
1.477
1*766

13*513
13.916
15,937
16*935
17*567

21*113
25,085
27,936
31,050
34.937

702*919
795*591
767.401
765*487
783.228

224
228
228
229
230

2*075
2.307
2.253
2.570
3*239

19.145
20.158
21.203
21*876
24*243

38*447
42*089
46*096
50*398
54.417

811.801
832,769
892*752
923,519
970*164

232
231
230
230
231

1*009.369

233

443

1935
1936
1937
1938
1939

66
58
224
130
315

1940
1941
1942
1943
1944

15
10

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

50
240
170

2,785

56.562

136

Arkansas

National BanksTable 2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year
Total

1896
1897
1898
1899

2*539
2*251
2*266
2*425

65
63
48
50

656
635
482
510

1*818
1*553
1.756
1.865

1900
1901
1902
1903
1904

2*766
3*845
4*576
4*743
8*331

58
78
98
111
205

584
787
991
1.127
2*069

2.124
2.980
3*487
3*505
6.057

1920
1921
1922
1923

1905
1906
1907
1908
1909

9*867
11*266
12,735
13*586
14*916

228
262
284
331
376

2.308
2*645
2874
3*351
3.824

7.331
8*359
9.577
9*904
10*716

1910
1911
1912
1913
1914

16*384
17t325
19.775
21*443
22*035

389
368
526
537
857

4.465
4.735
5.739
6*505
6*603

1915
1916
1917
1918
1919

20*694
21>900
27.315
33.378
36*890

978
1*185
1.326
1*175
1.163

6*689
7.065
9.103
12*308
15.460

Real
estate

Collateral

All
other

1924

54*063
49*691
45*839
53*432
54,814

1*626
2,321
3*370
4*281
5,078

20*973
17*768
16*392
18*493
19,439

31,464
29,602
26*077
30,658
30,297

1925
1926
1927
1928
1929

57*080
62.527
58*027
57*818
54.454

5,282
5*620
6*361
6*495
6.929

18,707
21*775
23*270
21,571
8*572

33,091
35*132
28*396
29.752
38.953

12*030
12*222
13*510
14*401
14,575

1930
1931
1932
1933
1934

45*202
32*546
25,705
22*292
24*637

5.814
5*299
5*105
5,071
4,495

5.173
4*849
3*480
3*831
4*333

34.215
22,398
17,120
13,390
15,809

13*027
13,650
16*886
19.695
20*267

1935
1936
1937
1938

26*728
26*331
28*247
33*913

4,624
4*896
5,074
5,329

4*624
4.476
5.764
4*881

17*480
16*959
17,409
23*703

Loans'
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farm land

To
others

On
residential
property

Other

Other
loans
to
individuals

All
other

1939

38*175

539

551

1*746

1940
1941
1942
1943
1944

35*013
37*834
35*611
32*470
42*415

17.609
18.589
17.809
15.786
20.046

274
284
202
329
413

714
637
649
662
5*130

1*675
1*853
1*756
1*433
1*450

2,163
2*252
2*262
2*022
1*974

1*902
1*936
1*683
1,632
1*402

4.928
5,935

10,676
12*263
11,030
5*676
6*065

1945
1946
1947
1948
1949

45*118
52.555
75*900
94*123
109*605

24,052
24,261
33.999
46*081
59.990

633
1,213
305
632
426

3*358
2*384
1*490
629
565

1*672
2*642
3*503
3,751
3.503

2,513
4,780
7,324
10*421
10*385

1,496
2,739
5*480
5,519
5,080

8*116
10.747
22,169
26.353
26*831

3,278
3,589
1,610
1,021
1*243

1950
1951
1952
1953
1954

105.373
122*097
127*597
137*360
169*321

48.707
58*858
63*753
65.682
93.154

957
1*129
1.224
1*659
1*269

376
485
466
516
393

3*570
4*405
4*304
4*481
5*290

11*457
11*826
12*112
12)179
12,006

5*824
6*829
6,078
7*101
8*047

33*800
37.495
38.241
44,622
48,415

1*224
1*682
2*196
1*827
1,719

1955

166*843

64.083

1.640

469

5,807

12,706

9.671

54*173

1*375

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1.751

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Ar.

137

Table 2-

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated.

Cash assets

Investments

Year

U.S.
Government
obligations

Total

431

Amounts in thousands of dollars]

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

464
485
455

309
356
334
325

20
17
24
21

102
91
127
109

838
869
1*336
1*664

35
27
32
44

339
262
352
364

464
580
952
1*276

185
201
213
213

3,993
3*785
4*320
4*777

1900
1901
1902
1903
1904

502
566
556
610
905

363
467
466
506
741

23
16
15
17
27

116
83
75
87
137

1*885
1*717
1*965
3*402
4.284

39
76
91
92
110

418
452
488
657
916

1*428
1*169
1,386
2*653
3*256

213
198
233
270
260

5*366
6*326
7*330
9*025
13*800

1905
1906
1907
1906
1909

1*144
1*503
1*672
2*466
2*606

994
1*332
1*495
2*213
2*398

24
28
29
41
56

126
143
148
212
152

4*549
3*816
5*706
4*861
6*409

187
174
227
198
252

1*061
1*147
1.162
1.307
1*619

3*301
2,495
4*317
3*356
4*538

336
446
479
626
712

15*896
17*033
20,592
21,539
24*643

1910
1911
1912
1913
191*

2*982
3*289
3*933
4.132
4,011

2*449
2.633
2.979
3*222
3*262

79
84
198
120
195

454
572
756
790
554

5*469
9*031
6*333
7*511
7*511

256
312
262
481
254

1.545
1.886
1.666
1.625
2*024

3*666
6.633
4.403
5.405
5*233

800
936
928
998
1*035

26*135
30*581
30*969
34*084
34,592

1915
1916
1917
1918
1919

4*767
4.566
6,637
11.454
13*300

3*415
3*243
4.561
9*149
11,172

239
253
542
772
634

1*113
1070
1*534
1*533
1*494

7*609
11,217
14*002
12*673
12*822

246
364
461
588
792

1*817
1.893
2*460
1*963
1*653

5*546
8,960
11*081
10,122
10*377

1*177
1*316
1*460
1*360
1*821

34,247
38*999
49*414
58*865
64,633

1920
1921
1922
1923
1924

14,125
14.876
11.567
15.790
13.150

10*735
11.127
8.536
12.278
9*218

1,480
1*467
1*198
1*504
1*952

1*910
2*282
1*833
2*008
1,980

14*667
12.712
14,735
16*023
17,138

1*080
950
867
1,035
1*168

1.788
1,731
1,549
1*380
1*967

11,799
10.031
12*319
13.606
14.003

1*821
1*884
2*565
3*101
3>630

84,676
79*163
74*726
88*346
88*732

1925
1926
1927
1928
1929

15.870
16.937
17.782
22.003
24.340

11*180
11.066
9.774
11,940
13.670

1,863
2,791
4,005
3,728
5*683

2*627
3*080
4*003
6,335
4,987

21,979
21,533
21*654
18*144
15*839

1*037
1.270
1*168
1.079
1*005

1.937
2*064
2*112
,775
562

19,005
18,179
16*354
15*290
13.272

3,975
4,184
4,070
4,087
4*037

98*904
105*181
101*533
102*052
98*670

1930
1931
1932
1933
1934

20,712
22,446
20,775
22*239
30*217

9.270
9.348
9*002
10.379
16.138

6,318
6,730
5,587
5,410
6*485

5*124
6,370
6*186
6*450
7,594

16,033
16,508
11.371
13.336
22.764

644
345
278
566
1*074

,723
.829
399
287
,558

13*666
14*334
9*694
11*483
20*132

3,025
2,343
2*233
2.230
2*824

84,972
73,845
60*064
60,097
80*442

1935
1936
1937
1938
1939

28*976
35*362
40,596
33*230
31*408

14*927
17,022
20*302
13*741
12,302

7.657
11*493
13*665
13,942
14.427

6*392
6.847
6.629
5.547
4.679

30*433
38*191
38,446
37.484
44*305

1*577
2.478
2*522
2*482
2*192

.415
931
2*166
2*271
2.171

27*441
33*762
33*760
32.731
39*942

2,945
2*874
2*702
2,779
2*894

89*082
102*758
109.993
107.406
116.782

1940
1941
1942
1943
1944

32*649
40*422
66*801
130*839
161*335

12.389
17.418
43.971
109.170
141,183

16*438
19*618
18*825
17.884
16*388

3*822
3*386
4.005
3*785
3.764

55,618
66529
83*600
96,745
93,304

2*379
3*539
3*775
4.959
5,348

2*244
2.539
4*265
4*526
5*263

50,995
60,451
75,740
87,258
82,693

2,664
2,546
2 , 364
2,300
2*434

125*944
147*333
188*576
262*354
299.488

1945
1946
1947
1948
1949

222*430
250*749
213*349
195*278
185*864

199,988
218,240
174,069
156,041
146,538

18*969
21,818
27.075
31*612
31.864

3.473
10.691
12.205
7.625
7.462

112,537
115,204
107,323
109,735
114,665

6*595
9*440
9*621
10.817
11*522

4*986
6*882
5*284
6.780
7.468

100*956
98,862
92,418
92*138
95*675

2*306
2*304
2,365
2,368
2*649

382*391
420*812
398*937
401*504
412*803

1950
1951
1952
1953
1954

208*310
198*727
213*805
215*627
203,709

165,864
152.293
163,007
162,936
147,252

35*634
38.690
44.214
46*697
50,600

6*812
7.744
6.584
5*994
5.857

113,600
120,449
132,826
133*572
142*663

14*226
14*533
16.644
18*857
24.290

6.842
6.245
7,868
8,660
8.927

92,532
99,671
108,294
106.035
109.646

2,758
2*826
3*229
3*331
4,570

430*041
444.099
477.457
489*890
520*463

1955

228*599

164,259

55*484

8.856

136,253

22*310

9,196

104.747

9,704

539,399

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

138

Arkansas

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

w l k

--

Cogent

Other
demand

1,926
1,697

Other
time

no

1896
1897
1898
1899

2,152
1.9 53
2*6 96
3.126

116
96
157
274

1900

3*586
4.361
5,1 88
6,663
9,850

262

375
352
498
806

90
95
101
101
81

3,076
3*678
4.486
8,644

156
213
249
283
319

11,132
11,107
13,6 90
13,184
16,081

1,420
1,203
2.374
2,049
2*764

80
81
205
261
109

9,237
9,356
10.417
10,031
12*015

395
465
694
843
1.193

2*376
3,517
2,779
3.378
3,211

85
82
167
44
131

12,220
15,013
14,641
16,059
17.245

2,025
2*138

1913
1914

16,228
20,637
19,725
22,0 52
22,503

1915
1916
1917
1916
1919

21,770
26,832
36,834
43,214
45,289

3.265
4,805
7*491
6.266
5*333

103
104
203
1,366
389

16,627
19,841
26,496
31,747
33,724

2*082
2.644
3.335
5.843

1920
1921
1922
1924

58,985
53.441
54,569
68,2 69
68,490

6*069
5,093
5,478
6.694
6.003

174
443
279
445
261

43,164
36,646
35.592
44,589
43,614

9.578
11.259
13.220
16541
18.612

1925
1926
1927
1928
1929

79,375
84,633
84.270
83,914
80,323

7,883
8*824
9.082
7,252
5,976

338
492
276
481
545

46,540
46.677
^3.634
44,558
41.798

24,614
28.640
31,278
31*623
32.004

1930
1931
1932

67,590
59,489
46*129
47, C47
66,205

4,481
5,765
3*834
3.865
7,630

268
225
82
182
786

33,558
27.367
19,399
20,679
32.553

29.283
26.132
22.814
22*321
25*236

1936
19371938
1939

76,733
90,9 90
97,533
94,420
103,151

9,299
12*865
13.766
13,473
15,464

308
1,188
509
397
666

41,253
50,316
55,602
52,738
59.908

25.873
26*621
27.656
27.812
26*913

1940
1941
1942
1943
1944

111,830
132. A48
173,174
245, S61
281,919

19,877
24,038
30.790
39.665
37,744

873
948
2.368
12*250
29.782

63,542
79,536
111,736
164.110
179,817

27,538
27,926
26.280
29.936
34.576

1945
1946
1947
1948
1949

363.231
399,3 03
374,903
375.274
384.073

46,886
42.589
34,894
31.437
33,603

37.763
23,735
2,595
4.059
3,832

230,816
277,506
279,495
282,994
288,795

45.766
55,473
57.919
b6,784
57,843

1950
1951
1952
1953
1954

398,348
410,019
440,867
450,7 01
476,772

38,098
38,028
41.218
42,622
47,188

5,190
7,117
9.072
6,200
8,382

295.760
306.611
329.037
334,592
341,598

59.300
58.263
61,540
67.267

1901
1902
1903
1904
1905
1906

1907
1908
1909
1910
1911
1912

1923

1933
1934
1935

493,592

43
51
51

2,355
2*661

5,781

117
133
140

1,547
2.571
1*916
1,775

79 ,604

Arkansas

139

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

' Nat
ba
no*"

Borrowings

1896

21

1897
1898
1899

52
10

1900
1901
1902
1903
1904

12
23
43

<*""

.SL

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts
3,993

Number
of
banks

254
259
222
225

1.220
1.220
1.070
1*070

346
301
322
356

3,785
4,320
4,777

98

234
321
335
364
525

1.070
1.107
1,120
1,238
2,245

464
514
644
758
1,082

5,366
6*326
7,330
9.025
13,800

7
9
9
12
19

1905
1906
1907
1908
1909

85
230
119
321
42

817
1.115
1*285
1.891
2,068

34
37
90
48

2,595
2.940
3.565
3,950
4,080

1,267
1,607
1,896
2.103
2.324

15,896
17,033
20,592
21,539
24,643

26
33
35
40
43

1910
1911
1912
1913
1914

820
121
555
1.019
916

2.335
2.499
2.755
2*970
2*908

49
46
34
22
16

4.155
4*435
5.035
5,065
5.036

2,548
2,843
2*865
2*956
3*213

26,135
30,581
30,969
34.084
34,592

45
46
50
49
57

1915
1916
1917
1918
1919

624
273
196
2*458
5.519

3.155
3.031
3.060
3*287
3.288

10
14
105
239
814

5.286
5*521
5.536
5.711
5,467

3,402
3,328
3,683
3,956
4,456

34,247
38,999
49,414
58.865
64*833

58
67
67
72
78

1920
1921
1922
1923
1924

9.174
9.183
3.337
2.857
2.719

3,882
4.060
4.245
4.230
4.098

676
116
79
87
108

7,083
7.397
7,548
7.713
7,912

4,876
4,966
4,948
5,190
5,405

84.676
79,163
74,726
88*346
88*732

83
83
84
88
88

1925
1926
1927
1928
1929

2.36.5
3.615
1.091
1.649
1.832

3*757
3.691
3,441
3,704
3,883

230
275
275
199
209

7.905
7,600
7,115
7,115
6,915

5,272
5,367
5.341
5.471
5,508

98,904
105*181
101.533
102.052
98*670

86
84
79
79
73

1930
1931
1932
1933
1934

2,076
1.076
1,591
809
54

3,772
3.137
3.123
3,444
3,606

199
218
115
270
189

6,090
5.305
4,940
4,720
6,327

5.245
4,620
4*186
3.807
4,061

84.972
73,845
60*084
60,097
80*442

67
56
50
45
51

1935
1936
1937
1938
1939

1,099
65
130
163

147
219
280
302
361

6,416
6.475
6,369
6,406
6,269

4*687
5,074
5,746
6,148
6,838

89,082
102,758
109,993
107,406
116,782

51
50
50
50
49

391
406
441
476
541

6,272
6*347
6.312
6.383
6,483

7.436
8.132
8,649
9*534
10,545

125,944
147,333
188.576
262*354
299*488

50
50
50
51
51

1945
1946
1947
1948
1949

610
817
994
1*269
1*521

6,548
6,478
7,830
8,180
8*580

12,002
14,214
15,210
16,761
18*629

382*391
420*812
398.937
401*504
412*803

50
50
50
50
51

1950
1951
1952
1953
1954

1.796
1,886
1.971
2*203
2*835

9,730
10*305
10.395
11*205
12,970

20*167
21,889
23,724
25,781
27,716

430.041
444*099
477.457
489,890
520,463

52
52
52
53
53

1940
1941
1942
1943
1944

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

15

170

9
9
7
7

140

Arkansas

State Commerciai BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars}
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1696
1897
1896
1899

6i721
6*461
6i203
7.979

753
724
695
894

941
905
868
1117

5.027
4,832

1900
1901
1902
1903
1904

9*641
12*356
15.254
18*590
20*606

1*080
1*364
1*708
2,082
2*308

1,350
1*730
2,136
2,603
2,885

7*211
9,242
11,410
13,905
15,413

1920
1921
1922
1923
1924

134,735
113,430
101*317
110,227
115,468

19*629
20*882
20,768
21*221
23,098

13*204
10,662
9*119
9*480
9,468

101.902
81*886
71.410
79.526
82*902

1905
1906
1907
1908
1909

25*034
37,492
36*843
35*266
36*210

2*804
3*952
4,044

3*505
5,249
5*158
4.940
5*078

18.725
28,044
27.559
26.394
27,088

1925
1926
1927
1928
1929

118.357
124,018
112*536
109*816
109.972

22*356
23.702
23.264
21,391
20*631

9*350
9,301
7,990
7*358
6,928

86.651
91.015
61*282
81*067
82*413

1910
1911
1912
1913
1914

40*516
47.365
52.139
60*519
49*689

5,470
7.436
9.385
12,225
11*181

5,510
6*252
6*674
7.565
6.012

29,536
33.677
36*080
40*729
32,496

1930
1931
1932
1933
1934

112*245
67*402
46i518
23*310
19.246

20*54^
16*151
12*788
7*934
7.113

6*622
3,775
2i419
1*119
855

85,078
47*476
31*311
14,257
11.278

1915
1916
1917
1918
1919

43*236
47*046
58,730
78.691
95,141

10*606
11*267
12.897
13.449
14,905

5*059
5*316
6*402
8,263
9*704

27,573
30*463
39,431
56,979
70,532

1935
1936
1937
1938

24.615
21*774
24,747
28*743

6.198
6.620
6*499
6.124

901
1,342
1,518
1,799

17.516
13*812
16,730
20*620

4,199
4,126

4,640
5,968

Loans'
Commercial,

Year
Total

and
agricultural

35,681

22*144

1940
1941
1942
1943
1944

32*172
33*120
30*394
30*231
41*901

17.507
15.741
16*192
18*763
25*868

1945
1946
1947
1948
1949

50*044
49*651
70,228
81,597
100,322

1950
1951
1952
1953
1954
1955

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farm land

others

On
residential
property

Other

to
Other

All
other

individuals

173

10
46
176

288
375
412
556
4*038

2,005
2,104
1,915
1,900
2*132

3*973
4*573
4.492
3.675
3*801

1.357
1.550
1.371
1114
765

3.169
3*933

7*000
6*777
6*002
1*006
1*188

32*360
22.778
31,508
37,598
55,530

204
279
99
282
151

3,499
2,936
3,859
2,003
982

2.690
4,787
6,069
6,395
6.748

4,169
7,654
11*361
14.287
13.915

998
2446
4.017
4,636
5,212

4*873
7*368
12*314
14*887
16*435

1*251
1*203
1*001
1*632
1*782

93.182
107,167
119*760
124*456
158*170

42.206
50*065
56*167
58*338
89*631

89
281
192
299
262

587
882
1,035
1,068
889

^6.889
7.775
9,331
10*459
10*366

15.614
17.136
18.178
17*688
17*815

5,346
5.826
6*478
6,414
6.671

21,576
24*555
27,204
29*730
31*724

1*525
1*438
2*092

156*989

74,744

20

1,027

12*416

21*589

8*528

.38*154

1*741

42

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1*834

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Arkansas

141

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year

Obligations
of States
and political
subdivisions

U.S.
Government
obligations

Total

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1696
1897
1898
1899

705
488
664
460

97
54
162
195

491
54
62
92

117
380
460
173

2.682
3.272
4*234
5*549

93
67
72
67

1*296
1.161
1*561

763

1.826
1*909
3.001
3*921

495
678
593
683

10*603
10*899
11.714
14.671

1900
1901
1902
1903
1904

529
531
811

111
139
150
156
66

94
150
270
230
242

324
242
391
907
631

5*489
6.44S
7.527
8*881
8.173

130
251
238
180
599

1*504
1*447
1.719
2*032
1.635

3.855
4*750
5*570
6*669
5*939

676
786
977

1*130
1*362

16*335
20*121
24*569
29.896
31.102

406
190
270
168
399

647
728
526
557
856

8.939
12*195
10*949
10*976
12.545

282
312
505
212
552

2*429
2.927
3.520
3.284
3.727

6*228
6*956
6*924
7*460
8*266

2*099
1*777
3*028
2.237
3*972

37.339
52.481
51.847
49.323
54*129

1*295
941

1905
1906
1907
1908
1909

It267
1*017
1.027
1*402

214
99
229
99
147

1910
1911
1912
1913
1914

1*817
1*914
1*947
2*289
2*094

105
2
1
26
1

351
165
227
399
400

1*361
1.727
1.719
1*864
1*693

9*968
16.112
13>423
16*341
13*082

788
767
639
7B2
714

2.755
3.360
3*973
4*190
2*900

6*425
11*985
6*811
11*369
9*466

4*602
5.046
4*069
5*930
4.871

57,103
70.437
71.578
85*079
69.736

1915
1916
1917
1918
1919

2*006
2*017
4*412
11*530
16*039

9
2

469
508

1*029
7*831
12*296

1*150
1*609
1*441

1*528
1.507
2*233
2.090
2*302

11.869
16*993
26.167
23.324
28.939

521
430
575
864

1.537

2*559
2*842
3*615
3*369
3*470

8.809
13*721
21*977
19*091
23.932

5*014
4*933
4*696
4,773
5,062

62*147
70*969
94*005
118*318
145*181

1920
1921
1922
1923
1924

14*262
11*456
8*147
11*102
8*874

9.830
6,720
3.558
6.657
3.645

2*502
2*363
2*308
2*414
3*284

1.950
2.373
2*281
2*031
1*945

29*646
25*660
28*900
33.700
26.651

2*263
1*746
3*101
2*508
2*521

3.953
3*527
3*317
3*260
3*562

23*430
20*407
22*462
27.932
22*568

5*464
6*644
7*334
7.899
8*954

184.147
157.210
145.698
162.926
161*947

1925
1926
1927
1928
1929

10034
9*978
10*542
15*123
19t427

4*720
4.402
4.427
6,049
8*403

2*657
3*340
3*846
4*219
7*353

2*657
2*236
2*269
4*855
3*671

33*931
35*904
35.178
33.047
32*270

2.523
3*591
3*062
2*519
3.174

3*851
4*010
3*838
3.310
3.190

27.557
28*303
28*278
27*218
25*906

9*026
9*274
9*114
9*027
8.999

171*348
179*174
167*370
167.013
170.668

1930
1931
1932
1933
1934

15*945
12*975
12*947
11*068
12*588

4.693
3.361
3*656
3*906
6*563

7*626
6*163
5*382
4*054
3*436

3*426
3.451
3*709
3*108
2*569

30.386
27*105
19.939
17*745
16*636

2*566
2*099
1.094
1*104

3*469
3*110
2.353
1*484
1*051

24.351
21*896
16*492
15.157
14*740

9*783
7*239
6*304
4*550
3*486

168.359
114,721
85.708
56.673
51.956

1935
1936
1937
1938
1939

14*630
17*953
21.136
20*342
19.533

9*343
11.269
12*205
11*096
9*764

3*618
4*620
7*083
8*123
8.621

1*669
1*864
1*848
1*123
1*148

19*111
27*683
28*939
26*965
28*296

955

1*159
1.025

1*191
1*635
1*937
1*952
2*016

17*194
25*014
26.047
23*854
25*255

3.330
3.143
2.796
2.547
2*214

61*686
70.553
77*618
78*597
85,924

1940
1941
1942
1943
1944

22*294
26*328
33*836
63*518
110*893

10*785
12.818
21.440
71*266
97*907

10*027
11*855
11*057
10*796
11*150

1*462
1*655
1*339
1*456
1*836

35*440
46*734
76.049
88*906
88*066

1*099
1*499
2.456
2*060
1*837

1*957
2*434
3*346
4*151
4.797

32*384
42*801
70*247
82*695
81*434

1*965
1*715
1*589
1*384
1.503

91,891
107*897
141*668
204*039
242*365

1945
1946
1947
1948
1949

151*940
206*000
192*710
184*061
171*437

137*638
186*840
170*843
160*409
147*967

12*302
15*564
18*225
19*753
19*307

2*000
3*596
3*642
3*899
4*143

117*156
117.607
103.705
96*275
96.311

2.726
3.123
3*970
4.765
4.107

4*926
5.339
7,119
8.048
9*081

109*504
109*145
92*616
83*462
83*123

1.388
1.521
1.821
2.050
2*355

320*528
374*779
368*464
363*983
370.425

1950
1951
1952
1953
1954

184*525
177.155
176*988
189*713
172.924

156*641
146*435
144*783
152*306
134*823

22*256
23*870
30*447
33*990
35*402

3*628
4*650
3*758
3*417
2*699

101*395
101*246
113*262
116.285
115.014

6*643
6*224
7.138
5*945
6*671

8.781
8*096
9.895
10.572
10*424

85*971
86*926
96*229
99*768
97,919

2.658
3.102
3*285
3.175
3.593

381*760
388*670
415.295
433.629
449*701

1955

192*745

147*664

40*216

4.665

116*495

7*350

10.956

98*169

3*761

469*990

824

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845
726

1*034

142

Arkansas

State Commercial BanksTable 3

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*%JJC* A Ot

J>*pfiJ.i A U*7, /U1LT 11 UiTADEin,

J.O7V A^a^ ^(ODUaUCU

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year

Total

U.S.
Government

Interbank

Other
demand

Other
time

43

5*010
5.566
6*452
8.680

465
499
646
901

541
554
608

9*984
12*365
14.897
17.269
18*700

1*122
1*405
2*425
2*905
3*223

793
831

1*187
1.663

21*243
30*850
30*797
26*631
28*596

4.046
6*185
6*397
5*688
6*790

36.315
49.050
46*431
56*948
44.638

1.551
2*639
2*293
2*926
2*139

27.574
36*112
35.436
41.730
33*918

7*190
10*299
10.700
14*290
8*581

1915
1916
1917
1918
1919

39*072
49.910
72.339
90.027
109*448

1.770
3.644
5,423
4.828
7.149

28*254
36.384
52*552
69.384
83*748

9*046
9*862
14*364
15*803
16*537

1920
1921
1922
1923
1924

129,670
103*671
106,277
128,172
123.166

6*723
5.477
6.700
8*961
7,910

48
170
112
170

98*173
74,639
74*813
86.228
80*413

24*726
23*385
24*652
32*813
34*845

1925
1926
1927
1928
1929

136,553
141.990
134,730
135,680
137.538

11,965
10.810
10*093
9.928
10,477

146
60

83*810
89*475
82.419
82*236
82.969

40*758
41,705
42*070
43*516
44*032

1930
1931
1932
1933
1934

131*848
92.098

10,331
8*695
4*866
2.320

94
140
244
250
432

76.432
53*313
36*660
24*738
25*556

44.991
29*950
20*254
13*124
14.099

1935
1936
1937
1936
1939

50.796
59,633
66.199
67.267
73*998

2*075
2*976
3.713
3.956
4.550

39
101

32.663
39.410
44*166
44*761
50.108

15*619
17.144
18*160
18*524
16*904

1940
1941
1942
1943
1944

79,825
95,527
129*036
190*611
227,709

5.615
6.459
8.902
10.319
9.520

425
472
601

7.773
16*925

53,799
67.765
99.253
152.653
178.961

19*986
20*831
20.260
19*866
22*303

1945
1946
1947
1946
1949

304.311
356.229
347,405
340.751
344.885

12.306
11.264
10.224
9.316
9.025

20*810
15.706
3,520
3*764
2*207

241.609
293.622
296.128
289.602
294*059

29*386
35*617
37*533
38.069
39*594

1950
1951
1952
1953
1954

353.786
358.146
382.333
397.734
411,323

10,434
11*423
11,514
10*436
11.814

3*101
3*967
4,172
2*716
4.653

296.551
301.081
319.344
331.492
329.443

41.700
41.675
47*303
53.090
65*213

1995

429.034

10.730

340*111

72*139

1896
1897
1898
1899

5*518
6*346
7*402
10*118

1900
1901
1902
1903
1904

11*647
14*324
17.930
21.812
22*383

1909
1906
1907
1908
1909

27*008
37*628
36.025
33*506
37.069

1910
1911
1912
1913
1914

62 .044

40.432
40,817

261
304
537

1*638
460

1.719

730

12
14

140

26
436

Arkansas

143

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

r1

Nat
tx
no [

Borrowings

o**

Capital

liabilities

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

422
177
138
216

3*184
2*900
3.004
2*961

1.479
1.476
1.170
1*376

10*603
10*899
11.714
14*671

94
101
99
102

1900
1901
1902
1903
1904

31
399
83
120
413

3*063
3*498
4,297
5*563
6.481

1*594
1.900
2.259
2.401
1*825

16*335
20*121
24*569
29*896
31*102

118
140
163
211
342

1905
1906
1907
1908
1909

668

488
2*004
230
474
199

7*526
9*337
10.418
11.205
11.282

2.317
312
*174
.138
.911

37,339
52*481
51*847
49*323
54.129

272
307
329
324
338

1910
1911
1912
1913
1914

3.628
It 692
2i792
4t300
5i467

242
112
445
183
222

11*994
13*539
14*105
16*054
13*866

.924
.044
.805
.594
5,543

57,103
70*437
71*578
85.079
69,736

353
392
400
404
425

1915
1916
1917
1918
1919

3t839
2*285
1*825
6*887
13*360

276
73
117
505
808

13.380
13.289
13.435
13.639
14*062

5*580
5*432
6*289
7*260
7,5JD3

62*147
70.989
94*005
118*318
145*181

395
387
388
389
386

1920
1921
1922
1923
1924

28*161
25*908
12*384
7*566
11.754

1*515
1*996
1.766
1*348
1*254

15.605
16.389
16.277
16.718
16*646

9.196
9.246
8.994
9*124
9.125

184*147
157.210
145*698
162.928
161,947

404
405
402
403
397

1925
1926
1927
1928
1929

8.599
10*630
7*164
6*970
8*333

1*008
1*179
681
572
1*105

16.281
16*241
15*502
15*009
14*804

8907
9,134
9.293
8*782
8*888

171*348
179*174
167,370
167.013
170*668

396
394
376
358
347

1930
1931
1932
1933
1934

12*037
3.357
7*687
5.199
389

1*234
1*323
685
736
88

14*313
10*678
9*351
6.916
7.196

8.927
7*265
5,941
3,388
3,466

168*359
114*721
85*708
56.673
51,956

329
265
223
151
181

1935
1936
1937
1938
1939

66
56
159

87
95
139
92
78

7*425
7*296
7.272
7*145
7.070

3*312
3*471
3*849
4*093
4,626

61*686
70,553
77,618
78,597
85*924

191
188
188
187
185

93.
85
114
84
97

6*953
6*642
6*734
6*627
6*742

5*020
5*633
5*984
6*717
7,817

91,891
107,897
141,868
204,039
242,365

182
179
177
172
172

141
241
226
188
245

6*965
7*438
8*107
8*755
8*987

9*111
10*871
12*726
14*289
16*308

320*528
374,779
368*464
363*983
370*425

174
178
178
179
179

279
421
282
367
404

9*415
9*853
10*308
10.671
11*273

18,280
20*200
22*372
24*617
26,701

381*760
388,670
415*295
433,629
449,701

180
179
176
177
178

11*761

28*853

469*990

1940
1941
1942
1943
1944

152

10

1945
1946
19*7
1948
1949
1950
1951
1952
1953
1954

1955

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Federal Reserve Bank of St. Louis

50
240

CALIFORNIA

Revised data for assets and liabilities and


number of all banks in California, as of June
30 or the nearest available date, in the period
1896-1955 are shown in Table 1; for national
banks, in Table 2; and for State commercial
banks, in Table 3.1 A separate balance sheet
was not compiled for unincorporated banks
in this State. Adequate data were reported,
either separately or in combination with data
for other State commercial banks, in the reports of the Comptroller of the Currency or
the State banking department for 1896-1909;
unincorporated banks were prohibited by law
after 1909.
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the
principal methods and procedures used in
compiling the figures.
The figures for national banks in California were obtained from the abstracts and
1
Since there have been no mutual savings banks in California, the figures for all commercial banks are identical with
those for all banks.
For the same reason, the term "State commercial banks"
used in Table 3 is synonymous with "all banks other than
national"; it refers to banks that at one time or another during the period were designated in the annual reports of the
Comptroller of the Currency as "State banks," "loan and
trust companies/' "stock savings banks," or "private banks
and bankers" (unincorporated banks); it also includes one
stock savings bank that for many years was classified as a
mutual savings bank.

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annual reports of the Comptroller of the Currency with relatively minor adjustments. A
description of these figures is included in the
United States Summary. Compilation of figures for State commercial banks presented a
number of problems and considerations not
encountered in compiling the balance sheet for
national banks. The following sections describe these problems and the methods used
in deriving the revised series.
The sources of statistics for State commercial banks for the period 1896-1933 were
(1) figures reported to the Comptroller of the
Currency and published in his annual reports
and (2) figures published in the reports and
abstracts of the State banking department.
The sources of such statistics for the
period 1934-1946 were (1) summary figures
for insured banks published or supplied by
the Federal Deposit Insurance Corporation
and (2) figures for noninsured banks published
in reports of the State banking department.
Data for this period are discussed separately
because of the substantially better coverage
and more consistent reporting beginning in
1934.
Beginning with 1947, all statisticsincluding the breakdowns of loans, investments,
cash assets, and depositsfor State commercial banks were taken directly from data
published or supplied by the Federal Deposit
Insurance Corporation.
144

California

145

STATE COMMERCIAL BANKS, 1896-1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete, or were not available.2 The United States Summary includes
a discussion and evaluation of alternative estimating procedures considered, tested, and used
in one or more States. It also includes examples of the use of banking trends as a guide
in making State estimates.
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET

The accompanying table shows adjustments made in figures for number of banks
CHANGES IN NUMBER OF BANKS AND BALANCE .SHEETS
Year or period

Additions

| Deductions

Number of banks and corresponding balance sheets


1896-1916
1917-1919
1920-1923
1924
1925-1928 .
1929-1933

1
1
1
1
1
1

4
6
7
9
10

Number of banks only l


1896-1900
1901-1904
1905
1906
1907-1908
1909

1910
1911
1912
1913
1914
1915
1916

1
2
4
10
30
2
38
52
66
82
79
97
107

1
Balance-sheet data were available for one bank in 18961900 and two in 1901-1916 but they are included in number
only because their combined assets were not significant.
2
In cases where the breakdown of a given item (for example, total loans) was not estimated on the basis of a
percentage distribution, but where one or more components
were estimated on the basis of data from various sources or
for various dates, the "other" category (for example, other
loans) is a residual.

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and balance sheets as published by the Comptroller. These were based on information
contained in the State banking department
reports.
Changes in number of banks only reflect
mainly the exclusion of branches of domestic
banks, while changes in number of banks and
corresponding balance sheets reflect mainly
the exclusion of branches of foreign banks and
sales finance companies. These changes were
to make the revised series comparable with
the series currently published.
Other changes reflect exclusion of one
trust company (chartered in 1909, but not
included in State banking department reports
until 1917) that had never engaged in deposit
banking or general fiduciary business, and
inclusion of one bank, generally regarded prior
to 1938 as a mutual savings bank, in the commercial bank category for the entire period.
After the latter bank was admitted to Federal
deposit insurance, banking authorities concluded that it was more nearly a stock savings
bank than a mutual savings bank and that ithad some special deposits subject to check.
LOANS

A complete classification of loans into real


estate, collateral, and "all other" was not reported to the Comptroller regularly until 1934.
For the years in which items were not reported,
figures were derived from State banking department reports, except for collateral loans
in 1911 and 1920-1933. These were estimated
as follows: for 1911, by applying to total
loans an average of the ratios of collateral
loans to total loans based on reported data
for 1910 and 1912; for 1920 and 1921, by
applying to total loans ratios of collateral
loans to total loans that were interpolated
between such ratios computed from reported
data for 1919 and partly estimated data for
1922. For the period 1922-1933 collateral
loans are a combination of reported figures for
State member banks and estimates for non-

146

All-Bank Statistics

member State commercial banks. The estimates for nonmember State commercial banks
for this period were obtained by applying to
their total loans, ratios of collateral loans to
total loans that were interpolated between
such ratios computed from reported data for
1919 and 1934.
INVESTMENTS

A complete classification of investments


into United States Government, State and
political subdivision, and other securities was
not reported to the Comptroller regularly until
1934. For the years in which the items were
not reported, figures were obtained from other
sources or were estimated.
The figures for United States Government
securities for 1899, 1900, 1906, and 1907 were
taken from the reports of the State banking
department. Estimates for certain other years
were made by applying to total investments,
ratios of United States Government securities
to total investments derived as follows: for
1896-1898, the ratio computed from data for
1899 published in the State banking department report; for 1901-1905, ratios interpolated
between similar ratios computed from data in
those reports for 1900 and 1906; for 1911,
ratios interpolated between similar ratios computed from data for 1909 and 1912 published
in the annual reports of the Comptroller; and
for 1914, the average ratio computed from
data for 1913 and 1915 shown in the Comptroller's reports. For 1916-1922 these securities were estimated by applying to total investments, ratios that reflected changes over
the period in the ratio of United States Government securities to total investments at
California national banks; these ratios were
derived by interpolating technique No. 2,
described in the United States Summary.
Holdings of obligations of States and
political subdivisions for 1896-1898, 19011905, 1911, and 1914 were estimated by the
methods .used for estimating United States
Government securities for comparable periods.

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For 1916-1933, obligations of States and political subdivisions were estimated by applying to total investments less United States
Government securities, ratios that reflected
changes over the period in the ratio of State
and political subdivision securities to this total
at California national banks; these ratios were
derived by interpolating technique No. 2,
described in the United States Summary.
DEPOSITS

The complete breakdown of deposits into


interbank, United States Government, other
demand, and other time was not available in
the reports of the Comptroller of the Currency
until 1934.3 No attempt was made in the revised series to provide figures for United States
Government deposits prior to 1918 because
practically all such deposits were held by
national banks.
In years when items were not reported,
figures were obtained from other sources or
were estimated.
The breakdowns of total deposits other
than interbank into demand and time for
1906-1933 were obtained from the reports of
the State banking department. For 1896-1905,
the breakdowns were estimated by applying
to total deposits other than interbank, ratios
(extrapolated from data for the period 19061924) that reflected changes over the period
in the ratios of these items to total deposits
other than interbank at Washington State
commercial banks; these ratios were derived
by extrapolating technique No. 2, described
in the United States Summary.
Figures for United States Government
deposits for 1918-1929 represent such deposits
at State member banks only, which held practically all of this type of deposit at State
commercial banks. Figures except for 1918
are as reported. The figure for 1918 was estimated by applying to United States Govern8
In subsequent paragraphs these items (if discussed) are
designated and arranged as follows: demand, time, interbank,
and United States Government. This order differs from that
in the tables.

California
ment deposits at all State member banks in
the United States on June 30 of that year, the
ratio of these deposits at State member banks
in California to such deposits at all State
member banks on June 30, 1919.
OTHER ITEMS

The amount of cash items in process of


collection was not published separately by
the Comptroller of the Currency or the State
banking department prior to 1909. Data

147

for the years 1896-1908 were estimated by


applying to total cash assets in each year an
average of the ratios of this item to total cash
assets computed from reported data for 19091911.
Borrowings, reported with "other" liabilities for the period 1896-1908, were estimated
by applying to "other" liabilities, ratios of
borrowings to the total of borrowings and
"other" liabilities computed from data for
California national banks in these years.

STATE COMMERCIAL BANKS, 1934-1946


The principal assets and liabilities of
State commercial banks for the period 19341946 were obtained by combining data for
insured banks published by the Federal Deposit Insurance Corporation wfth data for
individual noninsured banks obtained from
reports of the State banking department.
The breakdowns of some of the principal
asset and liability items that were required
for the all-bank series were not available for
noninsured banks for every year during the
1934-1946 period in the reports of the State
banking department. The breakdowns of (1)
loans and investments for 1934 and 1935, (2)
loans other than real estate for 1936-1938,
(3) investments other than United States
Government securities for 1936-1938, and (4)
cash assets for 1934-1946 were estimated on
the basis of the distribution of corresponding
items at insured nonmember commercial banks
in these years.
Real estate loans and United States Government securities were included in the state-

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Federal Reserve Bank of St. Louis

ments of individual banks as shown in the


State banking department reports after 1935,
and a complete breakdown of investments was
so reported after 1938.
The loan breakdowns for 1939-1946 were
estimated on the basis of the percentage distribution of total loans at this group of banks
on December 31, 1948. The figures for this
date were used as the basis for estimating
because it was not until then that the breakdown of loans appeared consistent with data
currently reported for these banks.
The breakdowns of total deposits other
than interbank into demand and time deposits
for 1934 and 1935 were estimated by applying
to total deposits other than interbank in each
year ratios of each item to this total computed
from reported data for 1936; and for 1937 and
1938, on the basis of ratios computed from
reported data for 1939. For the period 19391946 the breakdowns of deposits were taken
from the reports of the State banking department.

148

California

All BanksTable 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year

All
other

Year

Total

Real
estate

1896
1899

205*899
190,668
195*830
195.303

123*377
117.114
111.735
107*622

30*180
24*939
28*602
30*852

52*342
48*615
55*493
56*829

1900
1901
1902
1903
1904

209,829
226*214
243*837
303*716
331*666

106.579
108*480
114*170
133*601
151.419

36*466
43*886
44*729
66*845
59.345

66*784
73.848
84*938
103*270
120*902

1920
1921

1905
1906
1907
1908
1909

380*208
462*410
516*178
468*603
469*084

179.006
206.171
213*774
215*260
206*662

72.690
97,831
113*324
86*723
90.786

1910
1911
1912
1913
1914

562*400
605*366
670.813
731.900
747.410

249*765
271.982
307*612
341*454
353*452

1915
1916
1917
1918
1919

748.725
807.535
935.929
1.028*819
1*087.767

360*161
387*038
419.710
422*855
415*226

1896
1897

Collateral

Total

Real
estate

Collateral

All
other

1922
1923
1924

1*440*305
1*451*706
1*513*439
1*807*536
1*907*814

472*176
529,614
615,104
761,880
876*918

304*510
302*024
298*272
342*855
347*324

663*619
620*068
600*063
702*801
683*572

126*512
158.408
189.080
166.620
171*636

1925
1926
1927
1928
1929

2*068*943
2*215*069
2*288*605
2,296,513
2,380,569

964,227
1*041,608
1,067,368
1.050*832
1,019*750

373,396
407*232
464,917
531*004
473*034

731*320
766*229
756*320
714*677
887*785

118*112
123*190
127*336
140*415
140*752

194.523
210*194
235*865
250,031
253.206

1930
1931
1932
1933
1934

2,325,157
2,127*719
1*810*906
1,570,420
1*494*310

993*574
1*022*402
913*064
874*423
843*561

465*013
387*913
282*249
252*982
242*195

846*570
717*404
615*593
443*015
408*554

138,347
143.925
171,672
204.415
245.300

250.217
276.572
344,547
401*549
427.241

1935
1936
1937
1938

1,441*716
1*530*377
1,678*141
1,720,509

801*357
789*949
837*701
883*380

196.552
215.734
231*519
222*419

443,807
524*694
606*921
614*710

Loans *

Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

To
others

Real estate
On
farm land

On
residential
property

Other

Other
loans
to
individuals

All
other

1939

1*761*143

13.316

57,491

104,197

601*903

251*258

286*962

1940
1941
1942
1943
1944

1*824*531
2*058*390
2*071*609
1*803*151
1*901*493

463*623
592*334
639*931
552*831
622*581

9*387
9*830
7*694
17*203
67*923

53*003
48*753
41.751
35*976
73*529

100*588
94*649
86*815
67.742
61*865

670*310
741*666
818*143
814*552
773*923

235*053
231.560
201*536
163.987
134*536

116*530
120.736

292*567
339*598
275*739
34*330
46*350

1945
1946
1947
1948
1949

2*015*598
2*500*406
3*877*945
4.674,606
4.838*072

669.670
906.116
1.516*706
1*761*236
1*703*900

53*907
59*802
36*995
13*830
21*288

159*510
119.150
78,425
56*971
41*319

51*209
55*486
69*444
79*640
79.717

777*361
882*843
1.470*468
1*932*654
2.084*116

117*086
157*784
218*401
257*073
273*169

150,359
249*462
406*707
549.732
638.817

36*496
69*763
80*799
83*201
65*814

1950
1951
1952
1953
1954

5.027.774
6*178*320
6*664*117
7*536.549
7*433*250

1*511*650
2*250.458
2*473*112
2*715*580
2.607*583

31.257
25*247
48.351
38*688
47*006

30*163
31.909
29*046
27*728
34*187

78*759
86*157
89*576
93*432
92*832

2*246*522
2*462*592
2*573*878
2*805*837
2*932*459

258.352
300,548
316*976
361*856
386*370

873*213
945*822
1*105*543
1*465*047
1*324*181

74*922
154*071
117*036
133*063
116*364

1955

8,227,486

2.815*219

67*224

46,890

99*208

3.175*431

444,864

1,453.755

243*260

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

the total and are not entirely comparable with prior figures.
continue to be shown net.

Total loans

California

149

Table JAll Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year

U.S.
Total

Government
obligations

Obligations
of States
and political
subdivisions

1896
1897
1898
1899

34*113
40*249
52.126
66*250

18.997
21,859
28,578
36.353

1*509

1900
1901
1902
1903
1904

80.727
93*168
106*286
123*932
132*712

42477
45*079
46*886
50*261
50*220

2.752
4.279

1905
1906
1907
1908
1909

138*319
151*661
174.954
160*137
163*782

48*064
51.397
54.123
52.721
52.426

1910
1911
1912
1913
1914

179.572
194.165
206.311
210*185
206.848

1915
1916
1917
1918
1919

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

14.342
17.266
22,039
28*181

39*615
46,038
54,708
66*013

1*633
1.652
2.062
2.501

20.357
22 * 549
28*925
29.232

17,625
21*637
23*721
36.280

24*308
25*534
27*465
27*708

303.935
302.489
330,129
357.274

7.686

36,542
45,337
55,121
67,513
74*806

66*557
76*196
95*122
97.700
102.711

3*001
3.498
4*130
4*452
4,157

25.857
27.130
30*668
32*264
31,917

37.699
47.568
60*304
60.984
66*637

27.634
29.356
30.365
26.529
28*454

364.747
426.934
475*610
551*877
595*543

9*060
10.830
13.361
17*844
23*068

81*195
89.434
107*470
89*572
68*268

134,009
189,139
163*150
146*366
171.923

6*907
8.611
6*523
7*436
7*705

39.352
55.222
43.655
49.072
45*993

67*750
125*306
110.972
89*858
116*225

30*660
35*047
35.371
37.598
36*182

663*196
838*257
889*653
812.704
842.971

56,834
61,089
62.536
56,668
56,360

34*572
41,219
52,886
63*953
66*643

68.166
91.857
90.889
89,564
85.845

185.813
197.816
225*999
211*732
214493

11*576
9,330
10*755
10*508
13*128

53,506
52.876
58.822
60*528
65.262

120*731
135*610
156*422
140*696
136,103

42,151
45*094
46.650
49,970
49,951

969.936
1.042,441
1.149.773
1.203.787
1.220.702

217,171
243.557
311.672
381*508
465.449

55,817
59.413
76.178
138*782
198,748

74*339
85*862
99.534
103*848
108,935

87.015
98.282
135.960
138.878
157.766

220*434
300,436
311.850
322.570
375,682

8*318
17.692
15,151
26*926
43*421

58*060
65.933
73.279
57.811
60.608

154*056
216*811
223*420
235*833
271*653

52.978
56,519
66*725
90.558
96.578

1.239.306
1.408.047
1.626.176
1.823,455
2.025.476

1920
1921
1922
1923
1924

514.893
541.766
577.716
636*052
623.546

202.959
207.044
228,366
292,497
271.202

133*265
144*908
144*547
136*903
161*782

178.669
169*814
204*803
206.652
190*562

403,915
343.431
391.849
425.958
476.417

57.559
52*729
67*496
83*262
105.763

62*308
53*973
52,778
50.634
53,291

284*048
236.729
271*575
291*662
317.363

128.016
112*992
120*755
131,017
142.153

2.467.131
2.449.695
2.603.759
3.000.563
3.149,930

1925
1926
1927
1928
1929

727.751
770*929
814*760
957*698
993*356

333.282
322.156
357.427
452.650
477,827

167,278
225,156
253,449
251*415
271*207

227.191
223.617
203*884
253*633
244*322

508.619
521,963
533,148
555,545
555,305

107*791
117.377
122.590
121*994
112.464

54*597
52*807
51.869
59.644
44.924

346*231
351.779
358,689
373,907
397.917

149*636
176*102
167*639
178.305
199.715

3,454,949
3,684.063
3*804*152
3*968*061
4,128,945

1930
1931
1932
1933
1934

995*202
1.079.607
1*071.440
1*122*779
1.355.574

448*472
452.632
469*864
575.561
776*856

323,621
396,353
396,686
398,159
389,176

223*109
230*422
202*890
149.059
189*542

653,856
604,105
428,090
418.523
510*437

122.627
95.878
71,898
79,677
63,362

42.648
44*316
42.626
32,256
33.113

488.583
463.909
313.566
306,568
413.962

220*303
192.079
170*181
178*738
203*690

4,194.520
4*003,510
3,480.617
3,290.460
3,564*211

1935
1936
1937
1938
1939

1.520,197
1,764*825
1.662.322
1*637*607
1,732*694

960*200
1.181.660
1.135.679
1.146.581
1.199.532

365*713
354*216
338*971
320,064
394.384

194.284
228.949
187.672
170.962
138.778

588.049
759.804
811*164
889*760
900.263

75,155
122.577
126.849
118.100
121*562

37.970
45,350
43.516
47.206
52.034

474,924
591,877
640,797
724,454
726,667

196*826
185,995
171,133
156,339
187*069

3.746.788
4,241,001
4,322,760
4,406,215
4,561.169

1940
1941
1942
1943
1944

1*805*465
1.915.987
2.201.559
4,388.546
5.986.132

1.251.312
1.349.557
1,700*624
3.850.166
5.420.800

419.751
429.374
373.845
399.368
429.952

134*402
137*056
127*090
138.992
135.380

1*092.352
1.214.490
1,361*272
1.821.411
1.964.969

130.024
159.060
205.221
370.852
403.281

50*374
60.797
71.952
89.086
98.728

911,954
994.633
1,104,099
1.361.471
1,482.960

175.337
166.251
151.418
136*495
132*667

4.897.685
5.355.118
5.805,858
8,151,603
10,005,461

1945
1946
1947
1948
1949

7.734.837
8*531.229
6*742.058
6.325.015
5*989*882

7,107.953
7*791.295
6.009*271
5.601.132
5.200.199

464*229
537.511
577.935
561.404
582.476

162*655
202.423
154.852
162.479
207.207

2*211,670
2*469*956
2,487,939
2,600.310
2.507.753

423.534
453.515
512.675
559,431
514.874

97.012
94.822
106,573
114*830
117.027

1.691.124
1.921.619
1,868*691
1*926*049
1*875*652

126*988
143*506
151*475
180*449
181*605

12.091,093
13*645,097
13,259,417
13.760*380
13*517.312

1950
1951
1952
1953
1954

6*586,705
6.007*145
6.565.959
6,424*544
7*236*502

5.610,066
4.606.734
5.203.694
4*949.650
5*696.651

691,838
818*502
941*427
1.069.427
1*144*554

284*601
381*909
420*836
385*467
395*297

2.534,056
2*726,158
2,986,940
3*079.916
3.232.607

696.902
597.627
826*036
863*492
798*428

112.165
113.687
135*919
147*770
155*963

1,724,989
2,014*844
2*024.985
2*068,654
2*276,216

193.114
220*944
251*644
259*280
305,074

14.341*649
15*132.567
16,466,660
17*300*289
18,207.433

1955

7*883*723

6.185.142

1*262.912

435*669

3.385.625

863.227

173*569

2.328.829

340,259

19.837.093

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

774

1*124
1*716
1.708
6.158

150

California

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

njJJl^Ul

LlLnj.LLLl J. U^L3,

/U1.L*

11 UlUDUin,

XO7

[Figures as of June 30 or nearest available date; partly estimated .

Amounts in thousands of. dollars]

Deposits
Year
Total

1896

Interbank

U.S.
Government

Other
demand

Other
time

.1897
1898
1899

212.210
216*069
246,010
273i250

8,720
9,393
13,128
15,609

246
334
321
506

62*224
59*506
101*670
105*638

141*020
146*836
130*891
151,497

1900
1901
1902
1903
190*

295.257
328.996
372.810
434*817
455.634

15,480
16*678
20*323
25,989
30,700

599
727
1.254
2.291
1*793

115*461
131.949
153.840
181.931
224.846

163,717
179.442
197*393
224*606
198,295

1905
1906
1907
1908
1909

535,750
665.970
702,053
613,590
642,291

47,392
67,293
72,853
62,732
72,897

1*425
6*175
9,753
5,380
2*018

209.916
318.476
308,677
264,774
269*167

277*017
274*024
310*770
280*704
296*209

1910
1911
1912
1913
1914

-752.700
809,591
904*446
946.095
961,179

88*103
96,792
106,639
103,425
90,773

1,180
1*128
2*108
1*496
1*686

307*422
314,400
358*405
350*990
372*828

355*99*>
397.271
437*294
490*184
495*892

1915
1916
1917
1918
1919

970.203
1,138,477
1.334.654
1,482,967
1*674,943

91.620
116,148
137,764
143,899
157,156

1,181
658
2.381
40.187
13*862

397,320
412.303
561,761
555*268
678*881

479*682
609*368
632*748
743*613
825*044

1920
1921
1922
1923
1924

2,044,561
1,997,983
2.218,532
2,560,686
2,736,454

151,805
127.683
156.238
153,772
170,926

12.811
6,567
10,914
23*977
9.573

854.045
800*049
914*031
1,074*019
1.125.735

1,025,900
1,063,464
1*137*349
1*308,918
1,430,220

1925
1926
1927
1928
1929

3,026,579
3,218,545
3,312,069
3,453.352
3*549,022

193,383
208.878
210,253
192*942
198,377

8.993
14*253
25,784
47.884
47.684

1.232.598
1*293,352
1,215,649
1,228.142
1*237*205

1,591,605
1*702*062
1.860.383
1,984,384
2,065.556

1930
1931
1932
1933
1934

3.606*001
3.476.753
2*885*638
2,784,510
3*050,406

330,593
265,134
167*982
142.655
177.627

21.442
20*955
23*060
58*031
91.770

1*104*665
1*024,972
791,594
788.113
835.124

2*149.301
2.165*692
1*903,002
1,795,711
1*945,867

1935
1936
1937
1938
1939

3,328,020
3,315*352
3.887.780
3,974.761
4,132,532

211*333
247,942
215,109
226,898
268,462

54.755
114,505
43,522
87,410
99.945

1,027.650
1*244*313
1*445*446
1*407*600
1*495*758

2,034*282
2,208,592
2,183*703
2,252*853
2,266*347

1940
19*1
1942
1943
1944

4,408,185
4,843*167
5,311,348
7,641,342
9,454*820

297,927
330,214
325,565
398*108
359.549

101*589
80.272
91,211
392139
951,758

1,684,679
2,052,459
2,474,633
,075*040
.755.965

2*323*990
2,380.242
2M9939
2,776.055
3*387, 5<*B

1945
1946
1947
1948
1949

11,446,859
12,934,021
12,486,978
12,944,510
12*615*823

410,814
422,204
395.119
415,075
450*917

1.202.509
875*033
78*142
163,345
160*035

.508.895
.546.312
.523.534
.710.271
,225,020

4*324*641
5*090.472
5.490.183
5*655*819
5*779.651

1950
1951
1952
1953
1954

13,235,516
13*992*997
15.198.97h
15,861*828
16,755.901

468,195
516*024
573,413
577,431
725.206

269*832
478*546
350,176
260,610
410,672

6,627,450
7,004,976
7*766,306
8,070,376
8,179,909

5*870*039
5,993*451
6^09,08^
6*953*411
7,440*114

18*215,691

834,257

California

151

Table 7All Banks

ASSETS, LIABILITIES, AND NUMBER, ' H96-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

National
bank
notes

Borrowings

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

300
1*214
656
1*042

1*424
1.432
1*451
1.476

4.734
3*995
2.999
5*397

58*243
52*249
50*869
46*801

27,024
27.530
26*142
29*306

303,935
302,489
330*129
357,274

281
261
287
261

1900
1901
1902
1903
1904.

390
411
431
558
649

3*080
5*784
7.087
8*961
13*166

6*228
4.475
7,132
3*573
7.078

46.516
49.596
50*353
59.411
66*391

33.276
37*672
37*797
44,557
52,625

364,747
426,934
475*610
551*877
595*543

267
296
315
342
418

1905
1906
1907
1908
1909

1*426
957
It974
5*605
2i340

15*261
21*618
23*555
25*691
28*453

7*496
9*263
10*138
8*514
3*049

76,174
87*495
92.751
97.353
96.843

47*087
52,954
59,182
61,751
69,995

663*196
838,257
889,653
812,704
842,971

492
562
598
618
632

1910
1911
1912
1913
1914

3*616
3*248
3*735
4*145
9*136

36*094
39*041
41*222
43*339
42*602

2*361
4.787
5*084
6*179
5,332

102.088
110.467
114,528
118*591
119*697

73,077
75,307
80,758
85*438
82*756

969*936
1*042*441
1*149.773
1.203.787
1.220.702

640
655
682
720
735

1915
1916
1917
1918
1919

9,742
2*496
11*714
33*368
36*624

42*647
40*107
40*412
40*648
40*927

5.117
19,261
19.126
48*909
43*538

120*605
122,134
124.329
128.854
133.280

90,994
85,572
95,941
88.709
96,164

1.239.308
1.406*047
1.626.176
1*823,455
2,025*476

733
721
712
696
700

1920
1921
1922
1923
1924

88*397
101.387
37*041
66*447
26.877

41*710
41*135
40*774
39.479
33.625

53*240
31*293
23*833
33*796
32*086

149*785
160.531
163*390
173.153
183*120

109,438
117,566
120*169
127*002
137*768

2*487*131
2,449,895
2*603.759
3*000.563
3.149,930

717
726
718
693
666

1925
1926
1927
1928
1929

30*205
37.662
40*897
21*811
41*317

30*282
29*712
35*358
36*345
34*984

35*353
54.319
49.565
50*894
51,864

186*854
193*081
169*809
215.188
231*434

145*676
150*744
176*454
210,471
220,324

3*454*949
3*684*063
3*804*152
3*988*061
4*128*945

653
612
535
487
445

1930
1931
1932
1933
1934

11.338
6*994
108*025
10*610
1.277

39.285
43*621
51.039
94.829
93.308

62,172
46,108
24,275
17*266
24*259

228*684
209*424
203*116
200*513
220,692

227*040
220,410
208,524
182*732
174,267

4,194,520
4,003*510
3*480*617
3,290*460
3.564.211

427
401
353
285
273

1935
1936
1937
1936
1939

3*326
322
1*046
727
766

6*054

23,171
28*040
34*047
32*398
35,671

216.185
213.851
206*616
199,937
199*985

170.032
183*436
193,271
198,392
212,215

3*746*788
4*241*001
4.322*760
4*406*215
4*581*169

265
257
229
222
219

1940
1941
1942
1943
1944

339
131
195

37,613
51.386
35,812
39,371
48*079

210*595
203*930
192*864
190*027
191*523

240,953
256,484
265,639
280*863
311,059

4*697*685
5.355*118
5*805*858
8*151*603
10*005*481

216
213
207
202
199

57.395
81*609
104.977
127*678
145*093

240*688
246.178
247*264
261*400
287*019

346*151
382*989
420*198
446,707
469,121

12*091*093
13*645.097
13.259.417
13*780*380
13*517*312

201
199
201
201
203

227,348
214*844
296*736
405*059
356.370

318.678
328.250
334*374
342*225
360*933

560.096
596*476
638,572
685,077
727,729

14*341*649
15*132.567
16.468.660
17,300,289
18,207,433

202
202
201
201
200

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

300
85
256
U

6*100
4.500

403,136

19,837,093

152

California

National BanksTable 2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year
Total

Real
estate

All

Collateral

Year
Total

other

Real
estate

Collateral

All
other

1696
1897
1896
1899

25.216
28,164

326
319
452
517

9,382
10,728

11*100
11.212
15,382
16*939

1900
1901
1902
1903
1904

32.675
36*871
44.251
62.307
67*059

528
612
769
997
1,046

10*941
12.698
15*958
20*686
21.687

21*206
23*561
27.524
40.624
44,326

1920
1921
1922
1923
1924

626,172
566,279
535*166
585,356
517.338

15,730
18,206
18,917
23,714
27,438

197,859
187,804
174,529
191,360
170,853

412*583
360*269
341*720
370,282
319.047

1905
1906
1907
1908
1909

83*422
114*773
136*702
125*617
143.113

1347
1*763
2*044
2*103
2*316

27.934
36*571
42*384
43*622
48*432

54,141
76,439
92,274
79,892
92*365

1925
1926
1927
1928
1929

563.258
575,948
1.022,991
1,222*295
1,321*617

30,232
32,450
287,724
371,637
434,355

207,345
212,797
293,004
389*406
334,144

325.681
330,701
442*263
461*252
553*118

1910
1911
1912
1913
1914

211.068
226*301
254.179
273*503
281.557

3.301
3,392
3*426
3.532
7,047

73*828
79*218
83*538
83*445
93*318

133*939
143,691
167,213
181,526
181,192

1930
1931
1932
1933
1934

1,349*640
1,418,464
1*214,310
1,038,352
1,027*756

457,584
556,965
492,606
490,223
502,547

356,510
308,439
233,083
211,889
207,664

533.546
553*060
488*621
336*240
317,545

1915
1916
1917
1918
1919

277.744
312*608
380*298
434,746
463,142

8,448
11,365
12.191
11,711
12,609

92*872
100*792
117*631
134.815
161*418

176,424
200,451
250,476
288,220
289,115

1935
1936
1937
1938

1,006,119
1,078,479
1,195,09s
1,231*159

492,554
497,561
536,310
570,107

162,180
177,860
183*591
180,399

351.385
403*058
475*197
480*653

18*196

18 142

6.770

6*611

Loans1
Commercial,

Year
Total

For purchasing or
carrying securities

Real estate

Other
All

and
agricultural

To brokers
and
dealers

others

On
farm land

On
residential
property

to
Other

other

individuals

36.727

78,773

1940
1941
1942
1943
1944

,288.550
,470*411
,487*076
,273,841
,351,928

355,879
464,798
522.373
445.540
509.067

7.197
5.566
4.603
12.705
47.371

32.540
28.113
24.998
19,687
43,957

76*167
70*726
65*019
49*524
45.188

429,783
485,756
537.870
540.892
512.148

145,484
135*305
117.499
88*987
69,321

89*954
92.416

241.500
280.147
214.714
26.552
32*460

1945
1946
1947
1948
1949

1,467,459
1,610,106
3,021,185
3,648,303
3,765,866

555,233
714,095
1 ,238,587
1,446,606
1 ,387,054

45*586
52,192
33*740
9*865
15.501

113,466
70,448
52,962
34,715
25.073

34,826
38.705
50.443
58.338
58.136

521.800
606,454
1,122,659
,481*612
1*589.527

60*400
81,541
132.890
160.922
172*649

111*381
193,501
325,955
434,483
510,541

24.767
53.170
63.949
63.367
55.096

1950
1951
1952
1953
1954

3*859,940
4,729,907
5,139,577
5,817,001
5,649,952

1 ,192,718
1 ,797,877
2 ,011.565
2196194
2,091*847

23*004
15.074
30.746
23*739
27,623

17,604
18,215
17,955
15,943
21*441

56.478
61*34^2
64.380
66*712
64.170

1,691*780
,819,364
,901,589
2,081,968
2.189,565

167.171
191,594
203,416
235.230
244*184

711.285
751.821
881,990
1,170*081
1,015,207

53*830
129*205
90.382
103.349
76.759

1955

6,097,770

2 ,192.579

45,730

27,010

64*956

2.306.226

273,322

1,089.525

186*765

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

240,842

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

California

153

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Fipiires as of June 30 or nearest available date: partly estimated. Amounts in thousands of dollars]
Investments
Year
Total

U.S.
Government
obligations

Cash assets

Obligations
of States
and political
subdivisions

1896
1897
1898
1899

3647
4*379
6*699
6*912

2*477
2*355
3*873
4*056

381
660
921
931

1900
1901
1902
1903
1904

8*434
10*807
14*431
19*921
25*433

5*516
7.151
9*167
12*809
16*949

190S
1906
1907
1908
1909

29.347
39*330
51*869
54*844
57*232

1910
1911
1912
1919
1914

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1*364
1*905
1*925

789

7,216
7*248
15*800
20*124

541
343
754
866

3.877
3*754
9*171
8*564

2*798
3,151
5*875
10.672

2*009
2*157
2*182
2*121

31*068
31*926
49*697
57.341

1*192
1*716
2*319
2*766

1*967
2*464
3.548
4*793
5.718

18*238
22,865
28,138
32*652
36*156

1*372
1*634
1*870
2*262
1*911

6*480
8*028
10*126
10*938
13*792

10*386
13,203
16*142
19,652
20,455

2*233
2*220
2*276
2*641
3*531

61*560
72.763
89*096
117.721
132.181

19*869
27*856
32*254
31*785
33*602

3*090
3*741
6*394
7*506
9*602

6*388
7*733
13.221
15*553
14*028

50*752
73.181
67*983
66*186
83,291

4*098
4,707
5,335
4*744
4*719

16.326
26*480
20,957
25*100
26,920

30*326
41,994
41,691
36*342
51*652

4*366
6.977
8*308
7*941
9,247

167*887
234*261
264*862
254*588
292*683

72*609
78*729
85*986
89*810
91*037

39*119
42*157
44*333
46*329
45*960

14*872
18*132
21*060
21*686
22*638

16*616
18*440
20*593
21*795
22*439

105*248
114,142
127*069
118*623
117.309

7.543
6*345
7*274
6*757
8*309

30*305
31,138
34*623
33*594
34*713

67*400
76*659
85.172
78*272
74*287

12*996
14*411
15,540
15,980
16,675

401*921
433*583
482*774
497.916
506.578

1915
1916
1917
1918
1919

94272
96*732
118*994
158*269
180*469

44*862
43*115
51*130
89*446
115*249

25*221
27*516
31*309
31*852
28.746

24*189
26*101
36.555
36.971
36.474

120,982
162,008
174*353
164*165
213*224

5*877
10*329
10*423
19*852
28*511

30*492
31,009
35*351
15,428
17,027

84,613
120*670
128*579
148*885
167*686

17,551
18*955
25*801
31*383
40*605

510*549
590*303
699*446
806*563
897*440

1920
1921
1922
1923
1924

173*778
173*278
183*296
200*403
176*696

102*330
96*498
101*757
122*693
98*488

32*742
35*283
35*548
32*426
37*325

38*706
41.497
45*991
45.284
40*865

221*523
167.556
185,976
190,816
187*974

41*842
30*598
36*623
41*425
43*121

18*057
16*727
14*564
12.775
13*170

161*624
120,231
134*791
136.616
131.663

74*707
55*778
50*865
49*535
46*506

1*096*160
962*891
955*305
1*026,110
926,516

1925
1926
1927
1928
1929

201*461
200*596
392*802
528*999
611*685

111*037
100*401
222*413
299*155
360*295

39*579
51.564
95*917
115*464
132*798

50*845
48*631
74*472
114*380
118*592

194*989
206*644
281,167
355*250
356*306

43*474
47*164
70*596
79*641
61*585

13*301
12,995
20,298
36*601
21*507

138*214
146*485
190.293
239,008
253*216

45,895
59,322
79,876
104*904
128*412

1*005,603
1,042*510
1,776*856
2.211,448
2*418*022

1930
1931
1932
1933
1934

610*367
647*600
652*218
700*144
902*358

341*567
313.847
326*698
408*519
567.454

159*086
210*577
214*557
210*298
222*567

109*714
123.176
110*963
81*327
112*337

415*884
395,861
273*460
274.867
346.906

77*585
67*794
50*110
57*169
46*226

22*464
27.238
25*713
19,641
20*241

315*835
300*829
197,637
196*057
260*439

146*529
142,286
124*304
126*057
139*024

2*522*420
2*604,211
2*264*292
2,141,420
2,416,044

1935
1936
1937
1938
1939

1*031*082
1*223*916
1*139*871
1*147 i 745
1*167*473

704*371
892.327
835*922
854.629
834.498

222*913
208.439
196*602
181*359
253*151

103*798
123*150
107.347
111.757
79*624

413,110
540*070
597,393
635*141
650,665

57*460
96*946
102*001
93*698
92*548

24,968
31,047
29,603
32,933
37,226

330,682
410,077
465,789
508,510
520.891

131*026
119*924
107.333
101*928
133*573

2,581,337
2*962,389
3,039*695
3.115*973
3*213*180

1940
1941
1942
1943
1944

1*224*245
1*303*801
1.543.774
3.240*692
4*411*549

867*495
941*141
1*219*960
2*874*609
4*013*825

276*799
281*826
246.229
274*669
308*466

79*951
80*834
77*565
91.214
89*256

797,326
867*669
996*726
1*348,127
1,457,339

101*869
123*676
161*391
297*806
322*563

34*450
41,465
49,221
62*175
69*181

661*007
702*348
786.114
988,146
1.065*595

127.098
121*755
113*308
102*126
101*067

3*437*219
3*763*656
4*140*864
5*964*786
7*321*883

1945
1946
1947
1948
1949

5*661*039
6*259.157
4*768*029
4*466*094
4*206*218

5*200*509
5*698*282
4.229.521
3*959*757
3*642*459

342*766
414*550
430*013
395*089
407*485

117.764
146*325
106*495
111*248
156.274

1,637,372
1*826*775
1*822,276
1*954,404
1,882,974

344*589
365*983
372*385
443*280
414*297

66*122
64,945
75,437
* 81*035
83,316

1.226,661
1,395,847
1,374,456
1*430*089
1.385.361

96.729
109*240
116*998
140*461
141*930

8*864.599
10.005.278
9*728*490
10,209*262
9,996*988

1950
1951
1952
1953
1954

4*743*505
4*372*341
4*791*508
4*663*028
5*304*518

4*030*229
3*449*053
3*732*244
3*516*139
4*106*687

486*965
609*927
715.776
648.039
890*906

226*291
313*361
343*486
298*859
306*925

1,920.352
2,057,283
2*216,262
2*316*776
2*411*506

563*394
499*336
656*265
693*256
624*797

80,630
82,557
96,885
106*839
111,560

1*256*328
1*475.390
1*463*092
1,516*661
1,675*149

149,549
173,014
195,694
205*069
244*065

10,673,346
11,332*545
12.343*041
13*001.874
13.610*041

1955

5*797*014

4*484*147

971*023

341*844

2,515.976

678.527

125,868

1*711.581

268*540

14*679*300

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

951

154

California

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

Deposits
Year

Total

Interbank

U.S.
Government

Other
demand

Other
time

18.747

19*514
33*359
40,126

1.915
2.178
5.341
7,625

246

1896
1699

334
321
506

15.704
16*065
26.626
30,668

882
937
1.071
1*127

1900
1901
1902
1903
1904

41*566
49*769
62*994
83,947
90.017

7.621
9,011
10.576
13.921
17,494

599
727
1.254
2.291
1.793

32*097
38*323
49*165
65*464
66.167

1*269
1*708
1.999
2*271
2*563

1905
1906
1907
1908
1909

115,715
166,728
190.722
170.475
202,799

27,907
42.579
47,523
41,257
57,062

1.425
6.175
9,753
5*380
2*018

83*211
116*241
127.872
117.067
134*139

3*172
3*733
5*574
6*771
9*580

1910
1911
1912
1913
1914

278.513
303,182
345,519
352,904
356*144

78.270
84,964
94,653
92.269
80*380

1.180
1*128
2.108
1*496
1,686

179.435
190*726
220*872
218*604
233.789

19*628
26*364
27*686
40*535
40.289

1915
1916
1917
1916
1919

357,754
429,423
527, 414
600.893
686.636

79,548
103*508
118,102
117,943
138,376

1*161
658
2*381
40.141
13*852

232*396
263.947
326,472
355*640
429.121

44*629
61*310
80*459
87*169
105*287

1920
1921
1922
1923
1924

816*360
693.423
751.637
802.135
755.052

132,942
104,222
120,432
118*236
111.775

8.747
5,612
5*628
12*200
4*335

526*140
433.545
459*430
496.111
441.133

148*531
150*044
166*147
175.586
197*609

1925
1926
1927
1928
1929

835,576
856,330
Ii514,866
1.880.411
2*040,047

120,066
129*226
132.303
140*132
146.561

3.941
2*431
22.470
44.923
34,154

478.591
472.331
641.363
752.847
745.345

232*978
252*342
718*732
942*509
1*113*987

1930
1931
1932
1933
1934

2*136,438
2.238,143
1.827,332
1.774.880
2.046.829

248,173
205,672
126.812
98*353
124.326

17.491
16.001
18.657
47.415
77*479

715,790
716,333
564,013
560*625
609.487

1*154*984
1*300*137
1.117.850
1.068*487
1.235*537

1935
1936
1937
1938
1939

2.303.289
2*680.675
2.752.905
2.829.388
2.906,103

141,141
166.954
146,918
156,793
174.899

47*966
98.532
39.919
83.493
91.542

765*410
923.835
1*123.636
1*084.536
1.142.047

1.348*770
1.491*354
1*442*432
1.504.566
1.497.615

1940
1941
1942
1943
1944

3.093*706
3.404,509
3.792*903
5,604,574
6.932*076

195,563
213,566
202*696
256,831
230.150

92.226
72.981
81.359
337,731
735.580

1.277.874
1*567,631
1.912.169
3*172.825
3.686.802

1*528.045
1.550.331
1.596.679
1.837.167
2.279*544

1945
1946
1947
1943
1949

8,393,261
9,488,200
9,155,799
9*586.034
9,320*845

267,214
252,203
250.002
279.984
317,678

906.295
669,454
62*964
130.145
121.371

4.257.401
5*056*999
5.020.962
5.209.675
4,799,797

2.962.351
3*509*544
3*821*851
3*966*230
4.081.999

1950
1951
1952
1953
1954

9.814,247
10,459*521
11*354,167
11,880,405
12.497,299

330.208
373.044
400,638
408,401
536,170

211.562
380.201
256.967
211*916
320.975

5.109.273
5.397.982
5.971,222
6,171,594
6.198.386

4*163*204
4,306*294
4,723.140
5.068.494
5.441*766

13*456,789

622,076

1896
1897

6*791,234

California

155

Table 2 National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

National
bank
notes

Borrowings

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1897
1898
1899

30
142
103
150

1*424
1*432
1.451
1*478

5
1
8

7.525
7.550
10.825
10*825

3.342
3.283
4,156
4,754

31*068
31*926
49*897
57.341

31
32

1900
1901
1902
1903
1904

70
60
47
127
189

3*080
5.784
7.087
8.961
13.166

378
22
36
125
121

10.988
11.255
12*160
15*662
17,730

5,478
5,873
6,752
8,879
10.958

61*560
72.763
89,096
117.721
132*181

36
41
49
57
75

1905
1906
1907
1908
1909

404
347
618
1.859
408

15*261
21*618
23*555
25*691
28*453

314
1.657
2*566
1*595
1*185

22.003
25*076
27.613
33*546
35.955

14,190
16,833
19.568
21,420
24.083

167*887
234,261
264*862
254*588
292.883

87
113
126
139
149

1910
1911
1912
1913
1914

1.435
986
1,365
2.585
5.108

36.094
39*041
41,222
43.339
42.602

810
1.315
1.131
784
1.459

44.914
51.604
53*853
55*923
57*523

40*155
37.253
39.684
42*381
43*742

401,921
433.583
482*774
497*916
506*578

185
203
227
252
262

1915
1916
1917
1918
1919

5.862
1*601
11*227
29*186
31.526

42 . 647
40*107
40*412
40*646
40.927

712
15.611
14.537
30.782
25.272

58*153
58,423
59*472
59.735
62*147

45*421
45.138
46*384
47.319
50*932

510*549
590*303
699*446
806,563
897*440

265
261
268
270
279

1920
1921
1922
1923
1924

78,041
83.743
24.548
46.656
12*505

41.710
41.135
40*774
39.479
33.625

35,893
17,867
14,009
16,455
15,018

67.397
66.922
65*125
63,263
60*078

56,779
59,801
59,212
55,922
52,238

1*096*180
962*891
955.305
1*026*110
926*516

303
309
295
270
265

1925
1926
1927
1928
1929

8*785
17,823
22,953
6,232
23*418

30.282
29.712
35,358
36,345
34,984

14,783
25*631
27*926
33*846
36*356

62*935
64*355
94*472
126*677
145*445

53,242
46,659
81,277
125,937
137,772

1*005*603
1,042.510
1.776,856
2*211*446
2*418*022

266
264
240
222
211

1930
1931
1932
1933
1934

3.971
4,075
99,992
5,341
191

39,285
43,621
51.039
94*829
93.308

56.097
32*781
12.683
10*514
16*265

143,957
142,125
136.643
137,367
143,960

142.672
143.266
134.603
116.469
115.491

2.522*420
2.604.211
2.264*292
2*141*420
2*416*044

205
169
166
135
130

1935
1936
1937
1936
1939

157
28
406
404
145

6*054

15.185
18.986
20*427
17.165
24.427

142.450
139.900
136.472
134.516
136.690

114*202
122,798
129,485
134,480
145,815

2*581.337
2.962*389
3.039,695
3,115*973
3.213,180

125
122
105
103
101

1940
1941
1942
1943
1944

15
25
84

24,644
34,057
23,724
25,609
33.677

147,930
142.522
134,130
133.007
134.299

170.922
182,543
190,043
201.596
221,631

3,437,219
3,763,656
4,140.884
5.964.766
7.321.883

99
96
95
94
91

250

40,929
61.473
86.177
103,273
122.006

183,813
186*196
187,232
193,526
215*281

246,596
269,107
299,262
326,429
338.606

'8*864.599
10*005.278
9.728.490
10.209*262
9*996*986

92
91
94
93
94

6*100
4.500

197,559
179,649
260*119
360*806
308,308

238*263
244.373
248*458
249*983
263,386

423.277
449.002
480,297
504,578
536.548

10.673*346
11*332*545
12*343*041
13,001,874
13,610*041

94
94
93
91
87

370.711

281*866

569*934

14*679,300

66

1896

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

300

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

34
35

156

California

State Commercial BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year

All

Year

Real
estate

All
other

Total

Real
estate

1896
1897
1898
1899

187i703
172.526
170*614
167 ( 119

123.051
116.795
111*283
107,105

23*410
18.328
19*220
20*124

41.242
37,403
40,111
39,890

1900
1901
1902
1903
1904

177*154
139*343
199t586
241*409
264*607

106.051
107,866
113.401
132*604
150.373

25.525
31*188
28*771
46.159
37.658

45*578
50,287
57*414
62*646
76*576

1920
1921
1922
1923
1924

814*133
885*427
,978.273
1*222*130
1*390*476

456*446
511*408
596*187
738*166
849*480

106.651
114*220
123.743
151*495
176*471

251*036
259*799
258*343
332.519
364*525

1905
1906
1907
1903
1909

296*786
347*637
379*476
342*986
325.971

177*659
204*408
211.730
213*157
204*346

44,756
61.260
70.940
43.101
42.354

74,371
81.969
96,806
36.728
79.271

1925
1926
1927
1928
1929

1.505*685
1.639*121
1*265*614
1*074,218
1*058,952

933*995
1*009*158
779,644
679*195
585*395

166.051
194.435
171*913
141*598
136.890

405*639
435.528
314.057
253*425
334*667

1910
1911
1912
1913
1914

351.332
379.065
416*634
458*397
465.853

246.464
268*590
304,184
337,922
346*405

44*234
43.972
43.798
51.970
47.434

60.584
66*503
68*652
68,505
72*014

1930
1931
1932
1933
1934

975.517
709.255
596,596
532*068
466*554

535*990
465.437
420.458
384.200
341*014

126*503
79*474
49*166
41.093
34*531

313*024
164*344
126*972
106*775
91*009

1915
1916
1917
1918
1919

470.981
494.927
555.631
594.073
624*625

351.713
375.673
407*519
411*144
402.617

45.475
43.133
54.041
69.600
83.882

73*793
76.121
94*071
113*329
138,126

1935
1936
1937
1938

435*597
451*893
483*043
489*350

308.803
292*388
301.391
313.273

34.372
37.874
47.928
42.020

92*422
121*636
133.724
134*057

Collateral

Total

other

Collateral

Loans'

Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

To
others

Real estate

On
farm land

On
residential
property

Other

Other
loans
to
individuals

All
other

1939

499*674

20,764

25.424

210.878

98.218

1940
1941
1942
1943
1944

535*981
567,979
584.533
529,310
549,565

107,744
127,536
117.558
107*291
113*514

2.190
4.264
3.091
4.498
20*552

20*463
20*640
16,753
16,289
29*572

24.421
23.923
21.796
18*218
16.677

240*527
255*910
280*273
273*660
261*775

89*569
96.255
84*037
75*000
65*215

26.576
28.370

51*067
59*451
61*025
7.776
13.890

1945
1946
1947
1948
1949

548,139
690*300
856*760
1*026*303
1.072*206

114.437
192,021
278.119
314*630
316*846

8.321
7.610
3*255
3*965
5.787

46*044
48,702
25,463
22,256
16*246

16.383
16*781
19*001
21*302
21.581

255*561
276.389
347*809
451*042
494.591

56.666
76.243
85.511
96.151
100*520

38.978
55*961
80*752
115*249
128*276

11.729
16.593
16.650
19.834
10*718

1950
1951
1952
1953
1954

1*167,834
1*448.413
1*524,540
1.719.548
1*783.298

316,932
452,581
461,547
519*386
515.736

8.253
10.173
17.605
14.949
19*383

12*559
13,694
11.091
11*785
12.746

22.281
24*815
25.196
26*720
28*662

554,742
643*228
672.289
723.869
742*894

91.181
108,954
113.560
126.626
142.186

161*928
194.001
223.553
294.966
308.974

21*092
24*866
26.654
29.714
41.605

1955

2.129,716

622.640

21*494

19,880

34*252

869.205

171,542

364.230

56.495

' Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

California

157

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Investments
Year
Total

U.S.
Government
obligations

Cash assets

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

30*466
35.870
45*427
59*338

16.520
19*504
24*705
32*297

393
464
588
785

13.553
15.902
20.134
26*256

32*399
38*790
38*908
47*889

1.092
1.309
1.308
1.613

16.480
18.795
19.754
20.668

14.827
18,686
17.846
25,608

22,299
23,377
25,283
25,587

272,867
270,563
280,232
299*933

1900
1901
1902
1903
1904

72.293
82*361
91*855
104*011
107.279

36*961
37*928
37*719
37*452
33*271

757

1.560
2*563
3.839
4*920

34.575
42.873
51.573
62*720
69.088

48.319
55.331
66*984
64*846
66.553

1*629
1*864
2*260
2*190
2*246

19.377
19.102
20*562
21,326
18,125

27.313
34.365
44,162
41,332
46*182

25,401
27,136
28*089
23*888
24,923

323*167
354*171
386.514
434.156
463.362

1905
1906
1907
1908
1909

108*972
112*331
123*085
105.293
106*550

28*195
23*541
21*869
20.936
18*824

5.970
7.089
6.967
10.338
13*466

74.807
81*701
94.249
74,019
74*260

83*257
115.958
95*167
80*180
88*632

2*809
3.904
3*188
2*692
2*986

23*024
28.742
22.698
23.972
19*073

57.424
83*312
69,281
53,516
66,573

26*294
28*070
27,063
29,657
28,935

515.309
603,996
624,791
558,116
550.088

1910
1911
1912
1913
1914

106.963
115*436
120*325
120375
117*811

17.715
18.932
18*203
10*339
10*400

19.700
23.087
31.826
42*267
44*005

69.548
73.417
70.296
67.769
63*406

80.565
83.674
98*930
93.109
97.184

4.033
2*985
3.481
3*751
4*819

23*201
21.738
24.199
26.934
30.549

53.331
58,951
71,250
62.424
61.816

29,155
30,683
31,110
33.990
33.276

568,015
608,858
666,999
705,871
714,124

1915
1916
1917
1918
1919

122.899
146*825
192.678
223.239
284.980

10.955
16*298
25*048
49.336
83.499

49.118
58*346
68*225
71*996
80*189

62*826
72*181
99.405
101*907
121.292

99.452
138*428
137*497
138.405
162*458

2*441
7.363
4*728
9.074
14.910

27.568
34.924
37*928
42*383
43*581

69.443
96,141
94.841
86.948
103.967

35.427
37.564
40.924
59.175
55.973

728,759
817,744
926.730
1.014.892
1.128.036

1920
1921
1922
1923
1924

341*115
368 i 488
394*420
435*649
446*648

100.629
110*546
126.609
169*804
172*714

100*523
109*625
108*999
104.477
124.457

139*963
148*317
158*812
161*368
149.677

182*392
175.875
205.871
235.142
288.443

15.717
22.131
30.873
41.837
62*642

44.251
37.246
38,214
38,059
40,121

122.424
116.498
136,784
155,246
185.680

53.311
57.214
69.890
81*482
95*647

1.390.951
1,487.004
1,648,454
1*974,453
2,221,414

1925
1926
1927
1928
1929

526.290
570.333
421*958
428*699
381*671

222*245
221*755
135*014
153.495
117.532

127*699
173.592
157*532
135.951
138.409

176*346
174*986
129.412
139.253
125.730

313.630
315.319
251.961
200*295
198*997

64.317
70.213
51.994
42.353
30.879

41.296
39,312
31,571
23,043
23,417

208.017
205,294
168.396
134.899
144.701

103.741
116,780
87,763
73,401
71.303

2*449*346
2*641.553
2.027.296
1.776*613
1.710.923

1930
1931
1932
1933
1934

384*835
432.007
419.222
422.635
453*216

106.905
138*985
143.166
167.042
209.402

164.535
185.776
184*129
187*861
166*609

113*395
107.246
91*927
67.732
77.205

237.974
208.244
154*630
143.656
163.531

45*042
28.084
21.788
22.508
17.136

20,184
17.080
16,913
12.617
12.872

172.748
163*080
115,929
108,531
133.523

73,774
49,793
45,877
50,681
64,866

1.672.100
1.399.299
1.216,325
1,149,040
1*148.167

1935
1936
1937
1938
1939

489*115
540*909
522.451
489.862
565*221

255*829
289*333
299*757
291*952
365*034

142.800
145*777
142*369
138.705
141.233

90.486
105.799
80.325
59*205
58*954

174.939
219.734
213*771
254*619
249.618

17.695
23.631
24*848
24.402
29.034

13.002
14.303
13.915
14,273
14,808

144.242
181*800
175*008
215,944
205.776

65,800
66.071
63.800
56.411
53.496

1.165,451
1,278,612
1,283,065
1,290*242
1,368,009

1940
1941
1942
1943
1944

581*220
612.186
657.785
1.147*854
1*574*583

383*817
408*416
480*644
975*357
1*406*975

142.952
147.548
127*616
124.719
121.484

54*451
56.222
49.525
47.778
46.124

295.026
346*801
384*546
473.284
527.630

28.155
35.184
43.830
73*046
80*718

15,924
19,332
22,731
26.913
29,547

250,947
292,285
317,985
373,325
417.365

48*239
44*496
38,110
36,369
31,820

1,460*466
1,591,462
1,664,974
2,186,317
2*683*598

1945
1946
1947
1948
1949

2*073*798
2.272*072
1*974*029
1*858*921
Ii783.664

1*907*444
2*093.013
1.779.750
1.641*375
1.557*740

121*463
122*961
147*922
166.315
174*991

44*891
56*098
46.357
51.231
50.933

574.298
643*181
665*661
645*906
624*779

78.945
87,532
140*290
116.151
100.577

30.890
29.877
31.136
33,795
33.711

464,463
525,772
494.235
495*960
490*491

30,259
34,266
34,477
39*988
39*675

3,226,494
3*639,819
3*530*927
3,571*118
3.520,324

1950
1951
1952
1953
1954

1.843.200
1*634.804
1*774.451
1*761*516
1*931*984

1*579.837
1*357*681
1*471*450
1*433*520
1*589*964

204*853
208.575
225*651
241.388
253*648

58*510
68*548
77.350
86*608
88.372

613*704
668.875
770*678
763.140
821*101

113,508
98.291
169.751
170,236
173.631

31,535
31,130
39.034
40,931
44,403

468*661
539,454
561.893
551.973
603*067

43*565
47*930
55,950

3.668.303
3*800*022
4.125.619
4.298*415
4*597.392

1955

2.086.709

869*649

204*700

1.700*995

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291*889

47*701

54 * 2 1 1

61,009

5*157.793

158

California

State Commercial BanksTable 3

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ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year

Total

Interbank

US.
Government

Other
demand

Other
time

1896
1897
1898
1899

193,463
196.555
212*651
233.124

6,805
7,215
7,787
7*984

46.520
43.441
75.044
74.770

140*138
145699
129*620
150*370

1900
1901
1902
1903
1904

253*671
279.227
309.816
350*870
365*617

7,859
7.867
9*747
12.066
13*206

83*364
93.626
104.675
116*467
156.679

162*448
177*734
195*394
222*335
195732

1905
1906
1907
1908
1909

420*035
497,242
511.331
443*115
439.492

19,485
24*714
25.330
21.475
15.635

126*705
202*237
180.805
147*707
135*028

273*645
270*291
305*196
273*933
288(629

1910
1911
1912
1913
1914

474.187
506.409
558,927
593,191
605.035

9.833
11.828
11.986
11,156
10*393

127,987
123*674
137*533
132.386
139,039

336*367
370*907
409*408
449*649
455*603

1915
1916
1917
1918
1919

612.449
709.054
807.240
882.074
988.307

12.272
12*640
19*662
25.956
18*780

46
10

164.924
146.356
235*289
199*628
249*760

435*253
546*058
552*289
656*444
719*757

1920
1921
1922
1923
1924

>228.201
.304.560
.466*895
.758.551
*981.402

18*863
23.661
35.806
35.534
59,151

4,064
975
5.286
11.777
5.238

327.905
366.504
454.601
577.908
684.602

877*369
913*420
971*202
1*133*332
1*232*411

1925
1926
1927
1926
1929

2.191.003
2.362*215
1.797,201
1*572*941
1,508.975

73.317
79,652
77,950
52*810
51.616

5,052
11.822
3.314
2.961
13.730

"754.007
821*021
574.286
475.295
491.860

1*356*627
1*449*720
1*141*651
1*041*875
951*569

1930
1931
1932
1933
1934

1.469.563
1.238.610
1.058.306
1*009.630
1.003.579

82.420
59*462
41,170
44*302
53.301

3.951
4.954
4*403
10.616
14*291

386.875
308.639
227*581
227.488
225*637

994*317
865*555
785*152
727.224
710.350

1935
1936
1937
1936
1939

Ii024.731
1*134.677
1*134.875
1.145,373
1,226,429

70,192
60,986
68,191
70,105
93*583

6*787
15*973
3*603
3*917
8*403

262.240
320.478
321.810
323.064
353.711

685*512
717*238
741*271
7481287
770*732

1940
1941
1942
1943
1944

1*314.477
1,438,678
1*516*445
2.036,768
2i522.744

102*364
116*648
122.869
141,277
129*399

9.363
7.291
9.852
54*408
216*176

406*805
484.828
562,464
902*215
1*069*163

795*945
829*911
823*260
938*866
1*108*004

1945
1946
1947
1948
1949

3.053.598
3.445,821
3.331,179
3*358*476
3,294*978

143,600
170*001
145,117
135,091
133,239

296.214
205*579
15*178
33*200
38*664

1*251*494
1*489*313
1*502*552
1.500.596
1.425.223

1*362*290
1*580*928
1,668*332
1*669*569
1,697*652

1950
1951
1952
1953
1954

3,421*269
3*533*476
3*844*811
3,981.423
4,258,602

137,987
142,980
172,575
169,030
189*036

58*270
98.345
91*209
46.694
89.697

.516*177
.606.994
.795.084
.898.782
.961*523

1,706*835
1*665*157
1*785*943
1*864*917
1,996*346

2*331*929

2*120*541

1955

'

212*181

California

159

Table 5State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figun

Year

3 of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]


Nati
ba "?
no

Borrowings

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

270
Ii072
555
892

4.734
3*990
2*996
5*369

50*718
44*699
40*044
35*976

23*682
24,247
23*984
24,552

272.867
270.563
280*232
299.933

250

1900
1901
1902
1903
1904

320
351
384
431
460

5*850
4.453
7.096
3.448
6*957

35*528
36*341
36*173
43,729
48*661

27,798
31,799
31,045
35,678
41*667

323*167
354.171
366*514
434.156
463.362

249
255
266
285
343

1905
1906
1907
1908
1909

1.022
610
1*356
3*946
If932

7.164
7.606
7.572
6*919
1*864

54.171
62*417
64.938
63.805
60*888

32.897
36.121
39.594
40.331
45,912

515*309
603*996
624.791
558.116
550.086

405
449
472
479
483

1910
1911
1912
1913
1914

2.181
2*260
2,370
I t 560
4*028

1*551
3.472
3.953
5.395
3.873

57.174
58*663
60.675
62.666
62.174

32*922
38.054
41,074
43,057
39.014

568.015
608*858
666*999
705.871
714.124

455
452
455
468
473

1915
1916
1917
1918
1919

3*860
895
487
4182
5*098

4*405
3.650
4*589
18*127
18.266

62*452
63*711
64.857
69.119
71.133

45,573
40*434
49,557
41,390
45,232

728.759
817*744
926*730
1*014.892
1.128.036

468
460
444
426
421

1920
1921
1922
1923
1924

10*356
17.644
12*493
17*591
14*372

17.347
13*426
9,824
17,341
17*068

82.366
93.609
96*265
109*890
123.042

52,659
57,765
60.977
71,060
85,530

1*39,0.951
1 1 48*7 1 004
1*648*454
1,974*453
2,221.414

414
417
423
423
403

1925
1926
1927
1928
1929

21*420
19.839
17.944
15.579
17.899

20.570
28*688
21.637
17*048
15.508

123*919
128.726
95.337
86*511
85*989

92,434
102*085
95,177
84*534
82,552

2,449,346
2,641*553
2*027*296
1.776.613
1.710.923

385
348
295
265
234

1930
1931
1932
1933
1934

7.367
2*919
8*033
5.269
1*086

26.075
13.327
11.592
6.752
7.994

84*727
67.299
64.473
63.146
76*732

84,368
77,144
73*921
64,243
58.776

1.672.100
1.399.299
1.216.325
1,149.040
1.146*167

222
212
165
150
143

1935
1936
1937
1938
1939

3.169
294
640
323
641

7*986
9.052
13.620
15.213
11.244

73.735
73.951
70.144
65*421
63*295

55*630
60.636
63.766
63.912
66.400

1.165*451
1*278*612
1*283*065
1.290.242
1.368,009

140
135
124
119
118

1940
1941
1942
1943
1944

324
106
111

12*969
17.329
12.088
13.762
14*402

62.665
61.408
58*734
57.020
57.224

70.031
73.941
75.596
79.267
89*228

1*460*466
1,591,462
1,664*974
2*186*817
2*683,598

117
117
112
108
108

16.466
20.136
18.600
24.405
23*087

56.875
59.980
60*032
67*874
71.738

99,555
113*682
120,916
120.278
130.515

3,226*494
3*639*819
3,530*927
3*571*118
3,520*324

109
108
107
108
109

29.789
35*195
36.617
44.251
50*062

80*415
83,877
85*916
92*242
97*547

136.819
147*474
156.275
180.499
191*161

3,666*303
3*800*022
4*125*619
4*298.415
4*597.392

108
106
108
110
113

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

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85
6
11

249
253
246

COLORADO

tions not encountered in compiling the balance


sheet for national banks. The following sections describe these problems and the methods
used in deriving the revised series.
The primary sources of statistics for State
commercial banks (other than unincorporated
banks) for 1896-1933 were (1) figures reported
to the Comptroller of the Currency and published in his annual reports and (2) figures
published in the reports and abstracts of the
State banking department. These sources were
supplemented by data obtained from bankers'
directories. The primary sources for unincorporated banks, which operated in this State
during the period 1896-1928, were bankers'
directories and, beginning in 1908, the annual
reports of the Comptroller.
The sources of statistics for State commercial banks (excluding those that were unincorporated) for 1934-1946 were (1) summary figures for insured banks published or
supplied by the Federal Deposit Insurance
Corporation and (2) figures for noninsured
banks obtained from reports of the State
banking department or from bankers' directories. Data for this period are discussed
separately because of the substantially better
coverage and more consistent reporting beginning in 1934.
Beginning with 1947, all statisticsincluding the breakdowns of loans, investments,
cash assets, and depositsfor State commercial banks were taken directly from data published or supplied by the Federal Deposit
Insurance Corporation.

Revised data for assets and liabilities and


number of all banks in Colorado, as of June
30 or the nearest available date, in the period
1896-1955 are shown in Table 1; for national
banks, in Table 2; and for State commercial
banks, in Table 3. Because of the incomplete
coverage in reported data for unincorporated
banks in the State, a separate balance sheet
was compiled for these banks (Table 3a);
Table 3 includes data for these and other State
commercial banks.1
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the principal methods used in compiling the figures.
The figures for national banks in Colorado
were obtained from abstracts and annual reports of the Comptroller of the Currency with
relatively minor adjustments; a description of
these figures is included in the United States
Summary. Compilation of figures for State
commercial banks (other than unincorporated
banks) and for unincorporated banks presented a number of problems and considera1
Since there have been no mutual savings banks in Colorado, the figures for all commercial banks are identical with
those for all banks.
For the same reason, the term "State commercial banks"
used in Table 3 is synonymous with "all banks other than
national"; it refers to (1) banks that at one time or another
during the period were designated in the annual reports of
the Comptroller of the Currency as "State banks," "loan and
trust companies," "stock savings banks," or "private banks
and bankers" (unincorporated banks) and (2) industrial
banks that accept deposits. In this report the data for unincorporated banks are discussed separately from those of other
State commercial banks.

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161

162

All-Bank Statistics

STATE COMMERCIAL BANKS (OTHER THAN UNINCORPORATED BANKS), 1896*1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete or were not available.2 The United States Summary includes
a discussion and evaluation of alternative
estimating procedures considered, tested, and
used in one or more States. It also includes
examples of the use of banking trends as a
guide in making State estimates.
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET

In order to make the revised series comparable with current series, two industrial
banks were added to the number in the revised
series for the period of their existence beginning with 1925. This change was in line with
an agreement among the Federal bank supervisory authorities in 1947 as to the types of
institutions that should be included in the
banking data. Balance-sheet figures for only
one of these banks were added; reliable data
for the other could not be obtained.
Sixty-eight unincorporated banks and
their estimated balance-sheet data, which were
included by the Comptroller with incorporated
State banks in 1907, were transferred to the
correct classification.
LOANS

A complete classification of loans into


real estate, collateral, and "all other" was
not reported to the Comptroller regularly
until 1927. Furthermore, loans and investments were not available separately for 1896.
This breakdown was estimated by applying
to the total of the two in 1896 the ratio of each
2
In cases where the breakdown of a given item (for example, total loans) was not made on the basis of a complete
percentage distribution, but where one or more" components
were estimated on the basis of data from various sources or
for various dates, the "other" category (for example, other
loans) is a residual. This same procedure was used for
unincorporated banks in the State.

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item to the total of loans and investments


computed from reported data for 1897. For
years in which the loan breakdowns were not
reported, figures were obtained from other
sources or were estimated.
Estimates of real estate loans and collateral loans for 1896 and 1897 were made by
applying to total loans the ratio of each of
these items to total loans computed from reported figures for 1898; for 1899-1907, by
applying to total loans the ratios obtained by
interpolating between ratios based on reported
figures for 1898 and 1909.
For 1908 an amount for "secured loans"
at each class of State commercial bank was
obtained from the report of the State banking
department. The total for each class of bank
was broken down into real estate and collateral loans by applying the ratio of real estate
loans to the total of real estate and collateral
loans computed from reported data for 1909.
Collateral loans at State commercial
banks were not segregated in the Comptroller's
report for 1922. The figure used was obtained
from the annual report of the State banking
department.
For 1923, 1925, and 1926, data for both
real estate and collateral loans were obtained
from reports of the State banking department.
Since no loan breakdown for 1924 was available, an estimate of each item for each class
of bank was made by applying to total loans
in that year the average of the ratios of each
item to the total computed from figures reported by the State banking department for
1923 and 1925.
INVESTMENTS

Total investments in 1896 were estimated


as noted in the discussion of loans. A complete
breakdown of investments into United States
Government, State and political subdivision,
and other securities was not reported to the
Comptroller regularly until 1934. For the
years in which items were not reported, figures

Colorado
were obtained from other sources or were
estimated.
Figures for United States Government
securities in 1902 were obtained from the
report of the State banking department.
Estimates of holdings of State and political subdivision securities in 1896 and 1897
were made by applying to total investments
in these years the ratio of this item to total
investments computed from reported data for
1898; for 1899-1907, by applying to total
investments ratios that were derived by interpolating between ratios based on reported data
for 1898 and 1909. For 1908 this item was
estimated separately for each class of bank
on the basis of the relationship of this item
to total investments in 1909. Estimates for
1916-1933 were made by applying to total
investments, ratios that reflected changes over
the period in the ratio of State and political
subdivision securities to total investments at
Colorado national banks; these ratios were
derived by interpolating technique No.. 2,
described in the United States Summary.
DEPOSITS

The breakdown of deposits into interbank,


United States Government, other demand, and
other time as published by the Comptroller
of the Currency was adequate, after some
minor adjustments, beginning with 1911, although figures for United States Government
deposits were supplemented in a number of
years.3 No attempt was made in the revised
series to provide figures for the latter item
prior to 1918 because practically all such
deposits were held by national banks.
For years when items were not reported,
figures were obtained from other sources or
were estimated.
The breakdown of total deposits other
than interbank into demand and time for
1908 was obtained from the State banking
3
In subsequent paragraphs these items (if discussed) are
designated and arranged as follows: demand, time, interbank,
and United States Government. This order differs from that
in the tables.

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163

department. The breakdowns for 1896-1907


were estimated by applying to total deposits
other than interbank, ratios (extrapolated
from data for the period 1908-1920) that reflected changes over the period in the ratio
of time deposits to total deposits other than
interbank at Nebraska State commercial
banks; these ratios were derived by extrapolating technique No. 2, described in the United
States Summary. Estimates for 1910 for each
class of State commercial bank were derived
by applying to total deposits other than interbank the average ratio of time deposits to this
total as computed from reported figures for
1909 and 1911.
Figures for United States Government
deposits for 1918, 1919, 1923, 1925, 1926, and
1929 represent holdings of these deposits at
State member banks only, which held substantially all of this type of deposit at State
commercial banks. The figure for 1918 is an
estimate, but figures for other dates are as
reported. The 1918 estimate was derived by
applying to United States Government deposits^at all State member banks in the United
States on June 30 of that year, the ratio of
these deposits at State member banks in Colorado to such deposits at all State member
banks on June 30, 1919.
OTHER ITEMS

Cash items in process of collection for


1896 and 1897 were estimated by applying to
total cash assets the ratio of this item to total
cash assets computed from reported figures
for 1898. The same method was used in estimating data for 1900 and 1901 and for 19031906 except that the average ratios used were
based on reported data for 1899 and 1902 and
for 1902 and 1907, respectively. The figure
for 1902 was obtained from the State banking
department report.
Figures for borrowings in 1902 and 1908
were derived from reports of the State banking
department.

164

All-Bank Statistics
STATE COMMERCIAL BANKS, 1934-1946

The principal assets and liabilities of


State commercial banks for 1934-1946 were
obtained by combining data for insured banks
published by the Federal Deposit Insurance
Corporation with data for individual noninsured banks derived from reports of the State
banking department or from bankers' directories.
The breakdowns of some of the principal
asset and liability items that were required for
the all-bank series were not available for
noninsured banks for every year of the period
1934-1946 in the sources cited. The breakdowns of loans, securities other than United

States Government obligations, and cash


assets were estimated for the entire period on
the basis of the percentage distribution of
corresponding items at insured nonmember
commercial banks in these years.
The breakdown of deposits at certain
industrial banks was inadequate for 19431946. Examination of the statements furnished to the Federal Deposit Insurance
Corporation by such banks in recent years
indicated that their deposits were evenly
divided between demand and time. For the
period 1943-1946, therefore, demand and time
deposits of banks not reporting the breakdown
were estimated on this basis.

UNINCORPORATED BANKS, 1896-1928


Unincorporated banks, which operated in
Colorado until 1929, did not report to the State
banking authority, and the data reported to
the Comptroller of the Currency were inadequate before 1908. Figures for numbers of
banks in this period were tabulated, from
bankers' directories, and balance-sheet data
were estimated from data available in the
directories. The number of banks added to
the Comptroller's series varied from 32 in
1896 to 68 in 1907. On the basis of the estimated data described hereafter, the total
assets of all private banks amounted to about
40 per cent of the total for all State commercial banks before 1900, then declined to about
12 per cent in 1910, and to less than 1 per
cent in 1918 and thereafter.
Data for principal balance-sheet items
(loans, investments, cash assets, deposits,
capital, and surplus) where such data
were available in the bankers7 directories on
an individual bank basiswere tabulated for
the period 1896-1908. Figures for all items
were not shown for each bank for each year;
for some institutions no balance-sheet items
were shown, while for others certain items were
shown intermittently. When items were re-

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Federal Reserve Bank of St. Louis

ported for a bank for any year or period of


years, estimates for missing years were made
by interpolating or extrapolating as much of
the series as was feasible.
The total for each principal item as tabulated from the directoriesincluding estimates
for some bankswas divided by the number
of banks reporting the item; before this calculation was made, figures for from one to three
large private banks were eliminated in order
to avoid undue bias in the average*
These averages were multiplied by the
total number of banks (excluding the large
banks) shown by the bankers' directories to
be operating in the State, and the estimated
principal items were totaled. The balance
sheets of the large private banks were then
added to these totals in order to obtain an
aggregate balance sheet for Colorado private
banks. It should be noted, however, that
aggregate data for assets prior to 1901 could
not be estimated satisfactorily from the sample of banks in the bankers' directories because
of numerous gaps in reported cash assets.
The balance sheet thus constructed for
the 51 banks in operation in 1908 was then
compared with data actually reported to the

Colorado
Comptroller. This comparison showed that
capital and principal assets and liabilities in
the latter source were roughly 15 per cent
smaller than totals estimated from data in the
bankers' directories, although the number of
banks reported in each source was substantially the same. For this reason the estimated figures for capital and for principal
assets and liabilities for 1901-1907 and for
capital and liabilities for 1896-1900 were
adjusted by reducing each estimated figure
by 15 per cent.
Figures for the principal asset items (total
cash assets and total loans and investments)
for 1896-1900 were estimated by applying to
the estimated total of liabilities and capital
accounts for each year 1896-1900 (described
in the preceding paragraph) the ratios of the
two principal asset items to the total of liabilities and capital accounts, as estimated
from the data in bankers' directories.
In order to make assets balance with
liabilities and capital accounts, it was necessary, as was typical when bankers' directory
data were used, to estimate "other" assets as
the residual.
The principal items for 1896-1907 were
then broken down into the detail required for
the revised series by applying to each the
percentage distribution based on reported
data for 1909, the first year in which complete
breakdowns were available.
Estimates of the breakdowns of major
items for any years after 1907 when data were
not reported are described in the following
paragraphs.
LOANS

An amount for "secured loans*' for 1908,


obtained from the State banking department
report, was divided between real estate loans
and collateral loans by applying the ratio of
real estate loans to the total of real estate and

Digitized for FRASER


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Federal Reserve Bank of St. Louis

165

collateral loans computed from reported data


for 1909. Estimates for these two items in
1910 were made by applying to total loans
the average ratio of each item to the total
computed from reported figures for 1909 and
1911.
Estimates of the breakdown of total loans
for 1923-1925 were made by applying to the
total in each year the percentage distribution
computed from reported data for 1921. The
breakdown reported for 1922 was not used
because it appeared inconsistent with 1921
and earlier years. Estimates for 1926 were
based on the percentage distribution of reported data for 1927. Since so few private
banks remained in operation during these
years, the reported data on which estimates
were based were selected with attention to the
dates of cessation of business of individual
banks. Thus, the breakdown for 1926 was
estimated by using ratios for the single year
1927, since the same unincorporated bank
conducted business in both years. In all cases
the amounts involved were very small.
INVESTMENTS

Holdings of obligations of States and


political subdivisions in 1908 were estimated
by applying to total investments the ratio of
this item to the total computed from reported
data for 1909; for 1910, by averaging ratios
for 1909 and 1911; and for 1916, by using the
ratio computed from reported data for 1915.
DEPOSITS

Time deposits were included with demand


deposits in 1908, 1910, and 1928. The breakdowns for 1908 and 1910 were estimated by
applying to total deposits the ratio of time to
total deposits computed from reported figures
for 1909. An estimate for 1928 was made in
the same way} except that the ratio was
computed from reported data for 1927.

166

Colorado

All BanksTable 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year

Total

Real
estate

Collateral

All
other

1896
1897
1898
1899

23.799
23.813
25.739
27.045

1*547
1.698
1*674
1*842

7*839
8*221
7 316
8>145

14*413
13*894
16.749
17.058

1900
1901
1902

34.598
39.078
41.391
42.794
43 474

2*584
3*140
3.271
3.410
3*981

13*411
16,301
15.227
14*994
15*786

16*603
19.637
22.893
24*390
23.707

1920
1921
1922
1923
1924

222*931
198*396
181*393
194,534
178.838

9,274
11.419
13.855
16.879
16*253

118*193
109*814
97*594
106*319
95*555

95*464
77.163
69*944
71*336
67*030

1905
1906

1907
1908
1909

46*409
55*460
64.439
60*754
65.843

4.371
4*706
5.516
5158
5,716

17*028
20.130
21*918
21.841
23*144

25.010
30,624
37*005
33,755
36.983

1925
1926
1927
1928
1929

179.106
163.723
160.245
166*711
172*362

16*013
14*019
12.989
14*192
12.876

97.323
94.547
89*300
98*111
&9.173

65.772
55.157
57.956
54*408
90.313

1910
1911
1912
1913
1914

85*673
82*618
87*604
93.195
94*518

6*862
6.560
7,403
8*746
6.980

31.931
31.981
33.395
36*216
41.702

46,880
44.077
46*806
48.231
45.836

1930
1931
1932
1933
1934

154*035
132.405
102*308
68.722
60.760

11.671
11*319
10*943
9*294
7.426

57,513
48*431
37*322
25*593
16.630

84,851
72*655
54*043
33*835
36*704

1915
1916
1917
1918
1919

97,260
111.093
139,793
159.862
180.463

7.221
7,459

46*259
57*336
73*081
84*425
99*939

43.780
46,298
58,301
67,613
73,025

1935
1936
1937
1938

59.201
68*999
82*841
80.960

6*558
8*334
10*546
12*000

15.291
15.677
13*941
13*271

37*352
44*986
58*354
55*689

19X13
1904

8,411
7,824
7,499

Loans'
Year
Total

Commercial ,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

Other
AH

Trto
others

rwi
un
farm land

On
residential
property

to

Other

other

individuals

1939

85.349

50*416

1*381

3.282

2*609

8.736

3*416

15*509

1940
1941
1942
1943
1944

93.568
107.907
103.903
65.309
95t949

56*130
68*596
64,554
54,002
59*725

686
489
405
904
690

3*241
2.997
2.848
1*988
2,825

2.675
2.492

9*675
10,557
10*823
1 1 . 372
11*670

3*593
3.858
3*644
3*347
3*138

6*780
7.213

17*368
16*918
19*455

1945
1946
1947
1948
1949

103.539
152*573
209.407
249*282
256.889

^64*824
64,589
118,343
140.051
142.198

13*380
21*804
30.713
34*431
33.591

4*018
7.207
10*955
14*651
15*458

9*530
16*502
34*660
45.710
53*223

7.857
13*093
5*456
6*924
6*627

1950
1951
1952
1953
1954

306,564
390.694
447.917
477,386
507*441

17,918
18*644
21*546
22*276
27.332

72.378
67.736
97.397
125,719
130.365

6*036
12.017
Ut37l
12*426

1955

605,694

34*498

160*461

17*330

398

1*032

5,847
4,031

1*802
2.116

2*685
4*315

541
592
593

3.488
2,797
2*231

5*013
4*734

159,794
221*858
257.372
251,054
255.957

863
1.372

5.487
5*416
5.940

885

1*864
3*045
2*880
3*438
3.866

6.103

43.647
47.576
54.025
60*094
74.615

286.757

2*578

3,725

7.054

99.015

1*025
1*528

' Beginning June 30, 194C, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

2,174

5.251

5*161

5*114

8.572

7*115

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Colorado

167

Table IAH Banks

flJJMX

A J)

MjMMMJUUM. A M.M^iJt

f tLL1JLT 11 *JlTl.lt*UL,

J.O7 W M. y*ttJ\M IIUIIUCU

[Figures as of June 30 or nearest available date; partly est imated. Amounts in thousands of dollars]
Cash assets

Investm ents

Year
Total

U.S.
Government
obligations

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

4t663
5595
7*767
9*656

1*836
1.867
2*104
3*242

405
517
758
904

2*422
3*211
4.905
5,510

16,167

450

20*480
23.229
33,180

392
515
943

7 ,33,7
7,653
7*640
8,185

10,380
12,435
15,074
24,052

2.710
2,312
2*149
1.905

49*339
52*200
58.884
71*786

1900
1901
1902
1903
1904

l i t 816
14*908
18*858
21i706
25*532

4.269
5*032
4*937
5.785
6*112

1*032
1.321
1.876
2.141
2.577

6*515
8.555
12*045
13*780
16.843

35,415
35,088
40*453
36,625
38,855

791
1*107
1,157
972
837

10,498
10.123
10*137
10*155
12*468

24*126
23,858
29*159
25*498>
25,550

1.841
2.172
2.347
2.472
2*395

83*670
91,246
103*049
103*597
110*256

1905
1906
1907
1908
1909

29766
31.201
33*962
34*385
33.174

6.957
7,711
7.722
8*337
8.843

3.045
3.180
3*444
3*676
4*051

19.764
20*310
22.796
22.370
20.280

50792
52,366
56*042
51*860
61,538

1,176
1.564
1,692
1.524
1*363

13*252
15*361
12,849
16*126
15,128

36*364
35,441
41,501
34,208
45*047

2*563
2*611
3.206
3.367
3.371

129*530
141*638
157,649
150,366
163*926

1910
1911
1912
1913
1914

33*572
34.576
35*550
36*105
36.519

9*541
9*613
10*613
10*502
10*457

4.372
4.820
3*732
3.590
3*618

19.659
19*943
21*205
22*013
22.444

55.430
51.310
54,042
51,302
50*448

2.418
1*736
2.059
2.028
2,210

15*585
15*064
14,918
14*220
15*256

37.427
34,510
37,065
35.054
32*982

3.656
3 .828
4.341
4*763
5.337

178*331
172,332
181*537
185*365
186*822

1915
1916
1917
1918
1919

38.090
47.013
56.878
61.253
63.899

10*034
9*102
14*648
21.991
27.108

5.679
8*965
9.829
9.919
11.688

22.377
28*946
32.401
29.343
25.103

49.513
63,310
76.875
61.967
69.497

1.751
3,217
3,011
4.971
6.784

10*985
12*436
14,912
9,439
9*595

36.777
47.657
58*952
47*557
53*118

5.73T
6*407
6*458
7/416
7* 236

190*600
227*623
280*004
290*498
321.097

1920
1921
1922
1923
1924

65*202
62*804
74*836
85.468
81.407

27.405
26.342
35*437
44*646
39*998

11*213
11*232
12.454
13.525
15.550

26*584
25.230
26*995
27,297
25,859

77,588
64*856
68.930
66.670
82*603

11*949
9.153
11.177
10.176
11.237

10,616
9*970
9,178
8.897
9.288

55*023
45.733
48*575
47.597
62.078

8*651
9.415
9*998
10.772
11.287

374.372
335.471
335.207
357.444
354.135

1925
1926
1927
1928
1929

92*865
93*767
96*766
100*376
94*121

43.375
45.372
42.642
37.616
39.666

20*073
19.547
20.112
21*416
19*566

29,417
28*848
34*012
41*344
34.887

84*766
73.100
70.411
70.327
69*777

12,032
10.785
10,800
10,466
10,273

9,769
8,971
8,483
7,699
7,535

62.965
53.344
51*128
52*162
51*969

11*145
11*376
11*481
11*130
11.169

367.884
341*966
338.903
348.544
347.429

1930
1931
1932
1933
1934

88*597
109.906
102.741
99*654
111*167

38*620
55.433
55*028
60*490
76.872

17.933
21*231
18.056
16.117
14*509

32,044
33,242
29.657
23*047
19*786

89,428
7*6,020
56,723
65,457
92,819

6*613
7.053
4.653
5,732
10.050

7,247
10,140
10,524
8,613
6,130

73,568
58*827
41.546
51.112
76,639

10,713
10*603
9*756
8*595
8*013

342*773
328*934
271*528
242*428
272.759

1935
1936
1937
1938
1939

111*706
119*916
128.349
105.931
109.972

76.871
80*034
92*434
75*098
74*740

16*396
18*152
16.179
14.502
16.543

18*439
21.730
19.736
16*331
18,669

125,429
141,202
136,852
145,192
161*106

7.537
12.518
16.393
12,436
13,737

6,663
6.793
7.206
6.678
6.691

111*229.
121*691
113*253
126*078
140*678

7*537
7*177
6*355
5.828
5,701

303.873
337*294
354.397
337.911
362*128

1940
1941
1942
1943
1944

98*699
97*714
137*125
305.579
428*396

65.228
67.454
108*163
276,853
402*461

16*121
16.279
14*786
14*029
12.517

17*350
13*981
14.176
14.697
13.418

184*587
200.199
229,135
257,533
251,157

11*206
15,841
18,814
21,066
27,405

6*605
7.764
8*999
10.058
10.564

166*776
176.594
201*322
226.407
213.186

5*420
4*751
4*567
4,813
4,843

382*274
410.571
474*730
653*234
780,345

1945
1946
1947
1948
1949

548.843
653.981
558.949
553.478
551*639

520*737
614*564
513.989
502.556
503*838

12.750
16.254
22.984
29.817
29.836

15.356
23.163
21.976
21*103
17,965

287,803
298*902
289*994
295,956
299*613

27,513
27,240
33,657
42*125
37*438

10.895
11*848
13*470
15*344
16*273

249.395
259*814
242*867
238*487
245.902

4*681
5*024
5,513
6*363
6*755

950*066
1*110*460
1.063.863
1*105*079
1*114*896

1950
1951
1952
1953
1954

573.903
550.489
568*601
584.594
632.372

527.392
502.159
514*984
530*810
570.010

29*468
31*247
35*687
39*500
46*108

17.043
17,083
17,730
14*284
14*254

309,772
327,512
334,328
371*795
382*910

45,727
50,044
49,397
55,311
53,739

15*862
16,549
20*390
22,649
22,129

248,163
260,919
264*541
293*835
307*042

7*312
8*654
9*561
10,544
11*660

.197.551
277.349
360*427
,444.319
.534.403

662.327

585.156

57.428

19.743

65.028

22.586

12.687

1*644.948

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

168

Colorado

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

Interbank

U.S.
Government

1696
1897
1898
1899

36.799
39.911
47*169
61*168

4,461
5.675

1900
1901
1902
1903
190*

71.890
77,916
87,944
86*612
90.829

11.125
12,221
14,806
11.974
12,996

1905
1906
1907
1908
1909

107.601
117*365
130.405
119.566
133,704

18,879
18.746
21.749
16.395
22,447

1910
1911
1912
1913
1914

143*666
135,403
141*175
144,852
146*396

20*194
19.359
19*506
19,294
18.462

1*420

1915
1916
1917
1918
1919

150*461
189.372
239.732
241.392
269,244

18*002
24,828
29,952
21*712
22*460

1*161
1*104
1*341

1920
1921
1922
1923
1924

307.100
268.047
278,584
301*161
305,912

1925
1926
1927
1928
1929

Other
demand

Other
time

27.939

3,969

29*093
34*017
44*512

4*668
5*143
5*856

53*072
56*629
62.299
63*029
63*247

6.597
7,899
9484
10*110
13*056

71.686
81.633
86.663
79.743
83,452

15*631
15*514
19*667
21.315
26*239

80*399
71,231
73*019
73,797
82*302

41.653
43*335
46,693
50*727
44*334

9*344
3*190

82,471
103*539
132*876
133*638
159*687

48,827
59,901
75*563
76.698
83,907

24*146
19*832
21,187
20,566
25,718

1,827
764
706
510
790

178.263
144*484
149.824
156.935
156,932

102,864
102*967
106*867
123*150
120,472

320,924
298,071
295.518
305.043
301.694

26,323
21,977
20,127
18*784
19*031

696
854
257
466
501

175.269
166*311
163,550
166,453
161*952

118*636
108,929
111*584
119*340
120*210

1930
1931
1932
1933
1934

296,725
284*619
226.738
203,736
235,929

23,714
23*812
15.461
21.102
29*410

259
872
1,233

158*153
145*727
111.383
98*463
122,804

114*599
114*208
98*661
82*825
82*239

1935
1936
1937
1938
1939

270,398
304,732
320.342
303,256
325.873

36.367
43.345
42,517
39,854
45.262

1*373

145,336
170,237
186,162
175*055
189*220

87*322
89,247
91*283
87.851
90.157

1940
1941
1942
1943
1944

344.327
371,452
433,995
610,771
734*611

48*403
54*229
65.005
72.516
73.555

22*628
66,368

200*872
222*105
273,475
409,316
462*444

93*844
93.662
93*274
106*311
132*244

1945
1946
1947
1948
1949

900,438
1,055,428
1,002,524
,037,649
,042,184

87*141
81*160
71,772
70,840
68,195

96.335
74.103
9*879
13*815
13,905

544*649
688*351
696.720
733.712
739.397

172.113
211.814
224.153
219.282
220,687

,117,182
,189,437
,266*154
341 .093
,423,523

73*309
74,212
79,829
94,000
108,480

23.249
39,939
29*903
29.533
42.253

796*390
836*681
877.905
892*465
915*051

224*234
236*605
278*517
325*095
357.739

1950
1951
1952
1953
1964

1955

7.336
9,646

430
475
673
1*154

1,096
1*167
1*355

1.499
1,530
1,405
1,472
2*326

2.133
1*566

1.478
1*957

1,034
1*298

1*346
1*476

1.903
380
496
1*234

1,208
1,456
2,241

43,575

376,696

Colorado

169

Table 1All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Nat onal
ba
no

Borrowings

rwv,

uwL

c^

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1.103
1.132
1.085
1.668

80
160
761
12

8.372
8*203
7.400
6.571

2*695
2.667
2*449
2.367

49.339
52*200
58*884
71.786

115
115
124
116

38
20
44
80
68

2.564
3*523
3*369
3.953
4*280

5
11
16
49
129

6.550
6*871
7*818
8*436
9*519

2.623
2.905
3.858
4.467
5.431

83*670
91.246
103*049
103*597
110*256

lie

40
86
58
698
277

5*047
5*863
6*246
6.9.93
7.036

176
136
1*072
921
242

10.481
11.305
12*516
13.870
13.795

6*185
6*883
7*352
8*298
8.872

129.530
141*638
157.649
150*366
163*926

176
191
203
246
259

1910
1911
1912
1913
1914

623
752
Ii027
592
1.059

T.868
8*063
8*760
8*912
8*887

231
609
653
1*183
484

15.577
16*681
17*684
17*502
17.571

10*366
10*824
12*238
12.324
12*425

178.331
172*332
181*537
185*365
186*822

292
316
322
319
330

1915
1916
1917
1918
1919

1*065
716
466
7.677
7*214

8.618
7.960
7*537
7.631
7.668

281
441
861
1*506
1*685

17.179
17*298
18*080
18*468
18.873

12.996
12*036
13*328
13*824
16*413

190*600
227*823
280*004
290.498
321*097

328
340
349
358
371

1920
1921
1922
1923
1924

16*820
17*705
7.943
8.944
4.056

7*768
7*301
6*851
6.392
5.944

1*401
650
1*076
685
200

22*111
22*246
21.842
21.966
19.999

19.172
19.522
18.911
18*296
18*024

374*372
335*471
335.207
357*444
354*135

403
399
361
367
342

1925
1926
1927
1928
1929

2*977
3.241
2.609
2*199
3*341

5*527
4*455
4.306
4.191
4.403

700
.380
.275
750
.669

19.846
18*027
18*332
18.150
18.298

16*910
16*792
16*863
17*211
18*024

367*884
341.966
338*903
348.544
347.429

336
311
299
287
260

1930
1931
1932
1933
1934

3*019
2.175
5.389
1.732
139

4.355
4.293
4.508
7*912
7.517

2.084
2*462
1.527
1.499
1*182

18.113
17*416
16*595
13*547
15.768

18.477
17*969
16,771
14*002
12*224

342.773
328.934
271.528
242.426
272.759

272
252
223
151
167

1935
1936
1937
1938
1939

44

1*912

1*467
1.192
1.506
1*159
1*135

16.189
15*717
15*024
14*857
14*442

13*863
15.653
17.512
18*594
20*594

303*673
337.294
354.397
337.911
362*128

165
159
153
149
148

1940
1941
1942
1943
1944

58

200

1.279
1*259
1.335
1*350
1.562

14t335
15*197
14.981
14*873
14*864

22*275
22*663
24.419
26.240
29.106

382*274
410.571
474.730
653*234
780*345

150
149
146
146
146

1945
1946
1947
1948
1949

200
91
295
145

1*984
2*406
3.429
3.346
3.901

15.163
15*900
17.481
19.497
20.660

32*461
36*546
40*338
44.292
48*006

950*066
1*110*480
1*063*663
*105*079
114*896

145
147
147
147
148

1950
1951
1952
1953
1954

245
745
480
880
670

4.914
5*826
7.218
9.932
10*060

21*682
24*250
25.955
27.435
29.570

53*528
57.091
60.620
64.979
70.580

.197.551
.277.349
.360*427
.444.319
1.534*403

152
157
159
160
161

1.644*946

163

1896
1897

90
127

1898
1899

20

1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

13
45
84

129
140
152
160

170

Colorado

National BanksTable 2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year
Total

Real
-estate

Collateral

All
other

1896
1897
1898
1899

19,183
18.297
19650
20*730

842
876
759
836

7.176
7.467
6.472
7*124

11.165
9*954
12*419
12*770

1900
1901
1902
1903
190*

27.276
30,530
31*362
32*062
30*007

1*429
1*721
1*538
1*464
1*446

12*182
14*674
13.108
12.483
12*327

13*665
14*135
16,716
18.115
16*234

1920
1921
1922
1923
1924

147*870
130.737
120*108
128.939
130*396

2*845
4*609
6.155
7*843
9.436

79.576
72.186
64.801
71.490
69*787

65*449
53*942
49*152
49*606
51*173

1905
1906
1907
1908
1909

31*9*1
41*612
47*670
46*715
49*789

1*523
1*874
1*877
1*957
2*012

12*978
15*978
15*999
16*682
17*085

17.440
23.760
29,794
28,076
30*692

1925
1926
1927
1928
1929

129*300
121*702
119*212
123*743
127.730

8*768
8.199
7.333
8*660
8*055

70.777
72*577
67*454
74*226
43*626

49*755
40*926
44*425
40*657
76.049

1910
1911
1912
1913
1914

62*917
59*786
62*162
64*766
64*432

2*151
1*811
1*860
1*920
2*077

22*646
23.170
24.082
26.139
28.964

38*120
34*805
36*220
36,707
33,391

1930
1931
1932
1933
1934

114*065
98.611
77.274
52.474
45.996

7*688
7.706
7.562
5.942
5.287

34*823
29.289
22*614
16.000
13*520

71*554
61*616
47*098
30.532
27.189

1915
1916
1917
1918
1919

65*502
75.428
91.018
103*884
114*969

2*253
2.640
2*692
2*669
2*478

32.340
39.358
47*683
55*758
64.519

30.909
33.430
40.643
45,457
47*972

1935
1936
1937
1938

44.084
50.787
61*323
61*129

4.577
6.201
7.871
9.249

11*879
12*239
10.786
11.278

27*628
32*347
42.666
40*602

Loans1

Year
Total

1939

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

On
farmland

To
others

Other

Other
loans
to
individuals

All
other

37.811

1.129

2.324

2*046

6*862

2.731

11.764

41.304
52*419
51.578
41*606
43*805

674
482
405
904
684

2*270
2*068

1.932
1.888
1.720
1*471

7*564
8*182
8*575

1659

8*379

2*901
3*124
3*036
2*459
2.240

3.249
2,843

12*746
13.002
11*895
4,777
8*230

46 . 445

376
867
363
564
593

4*930
2*817
2,384

2*038
3.895
3*661
3*443

10.062
15*282
21.177
22*678
22*392

2*827
5,292
8.042
11*104
11*838

17.262
25,717
28.918

863

802
814
812

29.019
31.583
35.307
40*305
50.791

13*880
14*287
16*596
17.178
21*056

41.240
49*264
53,235
69.961
72,868

6*612
7.400
11.109
10*589
11.742

68*717

24*607

88*263

16,544

1940
1941
1942
1943
1944

69,393
81*165
79*309
64*330
69*691

1945
1946
1947
1948
1949

77.838
104.561
142.802
172.199
174.977

58.397
84.655
100.612
101.566

1950
1951
1952
1953
1954

207.488
263.837
303.360
317*988
334*542

112.720
157.269
183.707
175.241
174.199

1955

401*241

197.642

2.100
1.233
1.851

1.647
1*181

3.131

740

1*186
1.260

3*653
3*885
3.846
4.255
4*389

2.384

1*478

5*138

1.139

898
1.360

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

On
residential
property

8.631

3,676
6,151

7*482
12*624
5*004
6,682
6*110

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Colorado

171

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated.

Cash assets

Investments
Year
Total

U.S.
Government
obligations

Amounts in thousands of dollars]

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1698
1899

3.953
4t768
6*628
8*728

1*836
1*867
2*103
3*212

279
383
597
728

1*838
2*518
3*928
4*768

14*995
16.294
18.945
27,933

409
336
460
904

6,639
6,691
6*795
7*111

7,947
9,265
11*690
19,918

1*393
1*411
1,200
984

39*524
40,770
46*423
58,375

1900
1901
1902
1903
1904

10*916
13*511
17*402
19,852
22*356

4*220
5*032
4*911
5*785
6*112

684
1,119
1.649
1.857
2*144

5,814
7*360
10*842
12,210
14,100

30,365
29*899
33,716
30*276
29.823

744
1*058
1*084
902
739

8*970
8,912
8*039
6*639
8.877

20,651
19*929
24*593
20*737
20*207

1.059
1(245
1*250
1*213
1*150

69*618
75*185
83*730
83,405
83*336

1905
1906
1907
1908
1909

25*804
27.105
28*995
29*305
27.994

6.957
7.711
7.722
8*330
8*832

2*488
2.560
2.808
2*769
3.170

16,359
16*834
16,465
18,206
15,992

39.573
42*345
46.724
42.353
51,127

1*056
1*455
1.599
1*344
1.232

9*195
10,451
11*770
14*772
13.982

29*322
30*439
33*355
26*237
35,913

1*187
1*470
1*937
2*139
1*916

98,505
112,532
125*326
120*512
130*826

1910
1911
1912
1913
1914

26.958
27.244
27.074
26*982
27.602

9*518
9.743
10*517
10*435
10*374

2.872
2*811
2.172
1,993
1*864

14,566
14*690
14,385
14.554
15.364

43*404
39.901
42,278
38*091
37,173

2*180
1*549
1*836
1*742
1*963

13.870
13*240
13,313
12,606
13*099

27,354
25*112
27,129
23,743
22,111

2*103
2*491
2*856
3,116
3(392

135,362
129,422
134,370
132,957
132,599

1915
1916
1917
1918
1919

28*620
34*323
44.222
47*209
46*647

10*016
9*099
13*623
19*251
20*364

4*084
6*307
7*346
7.250
8.051

14.718
18,917
23,053
20,708
18,232

36,766
45,909
54*465
41,423
47,548

1*536
2*885
2*562
4*010
5,220

6,855
9*865
11.467
5*996
6*266

26,373
33,159
40*436
31*417
36,040

3(769
3,999
3(712
4(334
4*373

134,857
159*659
193*417
196*850
213*537

1920
1921
1922
1923
1924

46.907
43.772
50.705
58.810
66*606

21.283
20*145
25.417
31*656
33*859

7*506
7*182
7,573
8.250
11,970

18.118
16.445
17.715
16.904
20,777

53*904
45.881
50*034
48*303
64.132

10,710
8,195
9,869
8,743
10*060

6,525
6,239
5*690
5*735
6*537

36,669
31*447
34*475
33*625
47.535

5,239
5.574
6*000
6*290
6*908

253*920
225*964
226*647
242.342
268.042

1925
1926
1927
1928
1929

76*859
76.760
79*037
83.409
78*464

36*979
37.822
34*310
31678
34,273

15,707
14,974
15,272
16*597
15.119

24.173
23,964
29*455
35,134
29.072

63.346
57.432
56.524
56.989
57.291

10*213
9*164
10*071
9.749
9*491

7*086
6.433
6*097
5*445
5*398

46,047
41*635
40*356
41*795
42*402

7*038
7*164
7*576
7,802
6*041

276,543
263*056
262*349
271,943
271,526

1930
1931
1932
1933
1934

73*503
93499
89*651
87*129
97.457

32*784
48*103
50.873
55*560
69*227

13*692
16*686
14,587
12.9^8
11.511

27*027
28.710
24.191
16*621
16*719

75.159
64.767
46*414
56.094
78.914

7.785
6.403
4*265
5.415
9*174

5*319
7.159
7.419
7*134
4*699

62*055
51*205
34*730
43*545
65*041

7*834
7*586
7*147
o 6*666
6*394

270*561
264.465
220*466
202*363
228.761

1935
1936
1937
1938
1939

96.408
103.147
109.499
87.835
91*765

69*831
71,997
82.292
64*573
65*594

11,401
13.147
11,407
10.336
11,298

15.176
18.003
15*800
12*926
14*973

107.44&
121*307
115*661
123*769
135*641

6*842
11.719
15*143
11*424
12*266

5*057
5*184
5*351
4,830
4,854

95*547
104*404
95*367
107*535
118(501

5*796
5*456
4,742
4*296
4(213

253,734
280,699
291.425
277*051
296*286

1940
1941
1942
1943
1944

82*412
82*287
116.937
259*609
347*930

57*523
59*669
96*756
236*063
326,413

11,091
11,527
10,635
9,445
8,269

13*798
11.091
11.544
12*101
11*246

156*087
169.915
189*322
205*645
201*692

10*226
14,392
16.753
19.157
24.963

4*769
5*867
6*851
7.645
8,094

141*092
149,656
165,718
178(643
166(615

3(933
3(560
3.530
3.714
3,716

311*625
336*947
391*098
533*298
623*029

1945
1946
1947
1948
1949

444.520
523.586
442*703
434*168
428*956

423*078
494,396
407*959
391,207
388.939

8,157
9,635
16,302
23,612
23*462

13,285
19*555
18*447
19,349
16,555

229.644
235*375
226*113
232*169
234.599

24*836
24*266
28*742
36*749
32*557

6*210
8*609
9.795
10*649
11*220

196,598
202*500
187*576
184,771
190,822

3*528
3.790
3.989
4.573
4.536

755*530
867,312
615*612
843*109
843*066

1950
1951
1952
1953
1954

445.971
430*932
431.908
435.395
472.947

407.008
369,569
390*113
395,054
428*030

23*308
25*828
26.978
27,913
32*246

15*655
15,535
14,817
12*426
12.671

236.855
255.867
253.228
282*157
285*163

38*838
41,621
41.922
47*304
44,466

10*546
11*311
13*231
14,191
13,779

169*469
202,935
198*075
220*662
226*918

4.442
4*953
5*646
6*577
7,065

896*756
955*589
994* 144
1,042*117
1,099.717

427,226

38,183

17,738

54.318

14.199

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1,161.890

172

Colorado

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

njJJEi M, k7,

IjUUMJLdl 1 AfrO,

rtllU

1^ UlTlUJ^n*

XO7*^.M.77*r~^^Af UUJUUCU

[Figures aa of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

Interbank

U.S.
Government

1896
1897
1898
1899

30*455
32*137
38*467
50*692

4*401
5*615
7,279
9,582

1900
1901
1902
1903
1904

60,704
65.004
72*118
70*190
69*286

11*025
12*165
14*734
11*905
12.913

1905
1906
1907
1908
1909

82*321
93*654
103*984
96*839
107.415

18*735
16.660
20.780
15*881
21.632

2*326
2*133
1*566

1910
1911
1912
1913
1914

109*123
101,743
104*598
103*410
102*688

19.271
18*495
18.647
18*607
17.676

1*420
1*478
1*957

1915
1916
1917
1918
1919

105.332
131*944
165*211
161*193
176.751

17*288
23.428
27.695
18.799
20,021

.161
*104
.341
209

1920
1921
1922
1923
1924

205.089
178.034
188.841
204*545
233*035

22.372
18.559
19*856
18,939
24*656

1925
1926
1927
1928
1929

242*887
231.496
230.859
240*100
237.629

1930
1931
1932
1933
1934

430
475
673

Other
demand

Other
time

1*154

24.022
24.344
28*568
37.909

1*602
1*703
1*947
2*047

1.096
>167
,355
.499
.530

46.277
48*568
52.396
52.659
50.185

2*306
3*104
3*633
4*127
4*656

.405
472

56.417
66.737
70*748
66*519
66*806

5*764
6*785
10*130
12*306
17.411

61,037
55.450
56.123
54.990
61*946

27*395
26*320
27.871
28.779
21*766

2.905

61.902
76.558
96.525
93.569
108*690

24.981
30*854
39*650
40*616
45*135

1*627
764
706
464
790

123.556
99.844
105,083
110.377
120*518

57*334
58*667
63.196
74*745
87*071

24,981
21.070
19,253
17,896
18*278

669
727
257
466
494

131*358
127,743
126*550
130*065
126*624

85*879
81*956
84*799
91*673
92.233

236*492
232*170
187*263
172.047
199.040

22,933
23*165
15*127
20,747
28*871

259
665
1*223
1*343
1*444

124*935
118*406
92*041
82*702
101,355

88.365
89*714
78*872
67*255
67*370

1935
1936
1937
1938
1939

227.625
255.541
264.923
249.882
267,852

35.398
42*417
41.155
38.292
43.465

1.324
1*851

119*911
139*873
152*257
143*193
153*845

70.992
71*400
71*152
67*915
69*331

1940
1941
1942
1943
1944

282.190
306.579
359,514
500.387
587.734

46*677
52.274
62.678
70.014
69*864

19.107
55*526

162*282
180*886
224*214
329*791
360*835

72*055
72*011
70*519
81*475
101*509

1945
1946
1947
1948
1949

717,407
825*405
770.102
792.710
789.296

81*758
74.521
65.948
63.694
59,774

78.750
62*106
8*512
11*190
11*974

424*377
526*714
525*967
552,772
554.579

132*522
162*064
169*675
165*054
162*969

1950
1951
1952
1953
1954

838.396
892*017
927*248
970.369
1.024*059

62*779
61*965
65*253
72*888
84*661

19*385
35*193
23*953
25*697
35*139

593.590
627.102
642.794
646*093
658*849

162*642
167*757
195*248
225.691
245*410

1*078.400

73*607

034
.298

359
482

1*211
1.176
1.408
2.103

253*027

Colorado

173

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Nat onal
ba
no%

Borrowings

rwt,

uttlu.

**-

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

II

Number
of
banks

1896
1B97
1898
1899

90
127
20

1.103
1.132
1*085
1*668

1
109
235

5*487
5*232
4.707
4*147

2*388
2.033
1.909
1*868

39*524
40,770
46,423
58*375

42

1900
1901
1902
1903
1904

38
20
9
80
68

2.564
3.523
3*369
3*953
4*280

5
1
16
16
9

4.247
4*427
5*195
5*638
5*850

2*060
2*210
3*023
3.526
3*843

69,616
75,185
83.730
63,405
83*336

37
41
48
55
59

1905
1906
1907
1908
1909

40
86
58
172
139

5*047
5.863
6*246
6.993
7*036

3
26
598
467
81

6.674
7*656
8*360
9*500
9.195

4*420
5*247
6*060
6*521
6*960

98.505
112.532
125*326
120*512
130.826

68
65
97
114
113

1910
1911
1912
1913
1914

326
387
474
115
353

7.868
8.063
8*760
6.912
6*887

145
110
148
151
182

9*955
10.515
10*940
10.940
10*805

7*963
8.604
9.450
9*429
9*664

135.362
129*422
134*370
132*957
132.599

121
126
127
126
124

1915
1916
1917
1916
1919

364
261
105
6*117
5.150

8*618
7*960
7*537
7.631
7.666

50
293
411
1.131
1.006

10.490
10*255
10*540
10*640
10.815

10,003
8.946
9*613
10.138
12.147

134*857
159*659
193,417
196,850
213,537

122
121
121
122
127

1920
1921
1922
1923
1924

14.201
14.363
5*666
5*942
2.539

7.768
7.301
6*851
6.392
5.944

1*037
310
146
291
103

12*160
12*285
12*275
12.825
13.140

13*665
13.671
13.066
12.347
13*261

253,920
225*964
226,847
242*342
268.042

141
143
143
143
141

1925
1926
1927
1926
1929

1*993
2.209
1.671
1*537
2*390

5.527
4.455
4*306
4.191
4*403

850
827
773
885
1*016

12.665
11.880
12*260
12*450
12.650

12*421
12.191
12.460
12.780
13*438

276*543
263*058
262*349
271,943
271*526

137
127
124
123
121

1930
1931
1932
1933
1934

2*221
1.375
3.837
1*016
15

4*355
4*293
4*508
7.912
7*517

1*176
1*219
946
699
673

12*600
12*300
11.865
10.120
12*266

13*717
13.106
12.065
10.569
9*246

270,561
264*465
220*486
202,363
226*761

120
113
100
73
80

1935
1936
1937
1938
1939

1*912
13
45
84

922
768
837
812
825

12*662
12.190
11*622
11*504
11.084

10.613
12*200
14*030
14.808
16.441

253,734
280*699
291,425
277*051
296.266

81
79
78
78
78

908
870
740
634
997

10.884
11.786
11.513
11.446
11.335

17,785
17.712
19,331
20.631
22.763

311*825
336,947
391,096
533*298
623*029

78
78
78
78
77

1.490
1*688
2*166
2.192
2.571

11*486
11*549
12.334
13.982
14.249

25*145
26*470
31,010
34,025
36,952

755*530
867*312
815,612
843,109
843.068

77
77
77
77
77

3.050
3*516
4.067
5.351
5*440

14*515
16.230
17.310
18*570
18*830

40.795
43*326
45*410
47*627
51*388

896.756
955*569
994,144
1*042.117
1,099,717

77
77
77
77
77

5,846

22,905

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

56

200
200
200

500
109

1.161.890

41
37
36

174

Colorado

State Commercial BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1896
1897
1898
1899

4*616
5*516
6f089
6.315

705
822
915

663
754
844

1*006

1*021

3*248
3*940
4*330
4*288

1900
1901
1902
1903
1904

7.322
8.548
10*029
10*732
13*467

1*155
1*419
1.733
1.946
2*535

1.229
1*627
2*119
2*511
3*459

4.938
5,502
6*177
6,275
7.473

1920
1921
1922
1923
1924

75.061
67.659
61*285
65.595
48*442

6*429
6*610
7*700
9*036
6*817

38.617
37*628
32.793
34,829
25*768

30*015
23.221
20*792
21.730
15*857

1905
1906
1907
1908
1909

14*468
13*846
16*769
14*039
16*054

2*848
2*832
3.639
3.201
3*704

4*050
4.152
5*919
5.159
6*059

7.570
6.864
7,211
5.679
6.291

1925
1926
1927
1928
1929

49*808
42*021
41*033
42.968
44*632

7.245
5,820
5*656
533Z
4,621

26*546
21*970
21,846
23,865
25,547

16*017
14.231
13*531
13*751
14*264

1910
1911
1912
1913
1914

22*756
22*832
25*442
28*429
30*086

4*711
4*749
5,543
6*828
4*903

9*285
6*811
9*313
10*077
12*738

8*760
9*272
10*586
11.524
12*445

1930
1931
1932
1933
1934

39.970
33,794
25,034
16,248
14*764

3,983
3*613
3,381
3,352
2,139

22,690
19*142
14,708
9,593
3,110

13*297
11*039
6,945
3,303
9,515

1915
1916
1917
1918
1919

31.758
35*665
48.775
55.978
65.494

4*968
4.819
5.719
5.155
5.021

13*919
17,978
25,398
26*667
35*420

12,871
12*868
17*658
22*156
25.053

1935
1936
1937
1938

15.117
18*212
21*516
19*831

1*981
2*133
2.675
2.751

3,412
3,438
3*155
1*993

9*724
12,641
15*688
15*087

Loans1
Year
Total

1939

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

On
farm land

On
residential
property

Other
loans
to
individuals

Other

12*605

3*745

1940
1941
1942
1943
1944

24,175
26,742
24,594
20*979
26*258

14*826
16*177
12*976
12*396
15,920

12
7

1945
1946
1947
1948
1949

30.701
46,012
66*605
77,083
61*912

18,379
26,192
33*688
39*439
40*632

22
165
178
28

1950
1951
1952
1953
1954

99*076
126*857
144*557
159*398
172*899

47*074
64*589
73.665
75.813
81*758

233
127
168
145

2.068
2.252
2.606

1955

204*453

89.115

194

2,247

971
929
748
755
974

743
604
454
331
457

917

647
1*184

1*21.4
1.104
1.150

1*050
1*082
2.231

* Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

All
other

2,311

2,375
2,248
2*741
3*291

692
734
608
888
898

4*620
5*916
7.560
3*531
4,370

337
342

6,522
9,536
11,753
11,199

2*913
3,547
3*620

5,852
10,351
17*378
19.993
24,305

375
469
452
242
517

1*714

14,628
15,993
18,718
19*789
23,824

4,038
4,357
4*950
5*098
6,326

31.138
38,472
44*162
55,758
57,497

503
636
908
782
684

1*916

30,298

9*891

72.178

766

1*356
1,352
1,291

1*508
1*602
1*570
1*685

3,318

1*191
1.915

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Colorado

175

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year

U.S.
Government
obligations

Total

1896
1897
1898
1899

710
827

1*139
928

1
30

898

49

1.397
I f 456
1*854
3*176

26

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

126
134
161
176

584
693
977
722

3,172
4.186
4,284
5,247

41
54
55
39

696
962
845

1,074

2*433
3,170
3,364
4,134

148
202
227
284
433

701

1.195
1*203
1*570
2*743

5*050
5*189
6.737
6.347
9.032

47
49
73
70
98

1,528
1*211
2*098
1*516
3*591

3,475
3,929
4*566
4,761
5,343

1*097
1.259
1.245

14.052
16.061
19.319
20.192
26.920

3*405
3.476
4*331
4*164
4*288

11*219
10*021
9*316
9.507
10*411

120
109
93
180
131

4*057
4.910
.079
*356
.146

7,042
5.002
8*146
7,971
9.134

1*376
1*141
1*269
228
*455

31.025
29*106
32.323
29*854
33*100

1,317
901
949
921

9*815
11,430
12.461
13.411

1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

3*962
4*096
4*967
5*080
5*180

7
11

557
620
636
909
881

1910
1911
1912
1913
1914

6*614
7*332
8*476
9*123
8*917

23
70
96
67
83

1*500
2*009
1*560
1,597
1,754

5*091
5.253
6*820
7.459
7.080

12*026
11*409
11*764
13,211
13,275

238
187
223
286
247

.715
,624
1*605
1*614
2.157

10,073
9,398
9*936
11,311
10*871

553
.337
485
1*645
1*945

42,949
42,910
47,167
52*408
54,223

1915
1916
1917
1916
1919

9.270
12*690
12*656
14*044
17.252

16
3
825

2.740
6.744

1,595
2*658
2*483
2*669
3,637

7,659
10*029
9*348
6*635
6*871

12,747
17,401
22*410
20*544
21,949

213
332
449
961

2*130
2.571
3.445
3*443
3*307

10,404
14*498
16*516
16,140
17,078

1*968
2*408
2*746
3*082
2*865

55,743
66,164
86.587
93,648
107*560

1920
1921
1922
1923
1924

18*295
19*032
24*181
26*658
14*601

6*122
6*197
10*020
12.990
6*139

3*707
4*050
4*881
5*275
3.560

8*466
8*785
9,280
8,393
5*082

23,664
18,975
18*896
18*367
16*471

1,239

4.091
3,731
3,488
3,162
2,751

16,354
14*266
14*100
13*772
14,543

3*412
3.841
3*998
4*482
4*379

120,452
109,507
108,360
115*102
86*093

1925
1926
1927
1928
1929

16*006
17.007
17.729
16.967
15*657

6.396
7.550
8.332
5*936
5*395

4*366
4*573
4*840
4*819
4*447

5*244
4*884
4*557
6*210
5.815

21*420
15*668
13,667
13*338
12,486

1,819
1,621
729
717
782

2*663
2*538
2*386
2,254
2,137

16*918
11*509
10,772
10,367
9,567

4,107
4*212
3.905
3.328
3.126

91.341
76.906
76.554
76.601
75.903

1930
1931
1932
1933
1934

15*094
16*407
13*090
12.525
13.710

5*836
7.330
4.155
4*930
7*645

4*241
4*545
3*469
3*169
2,998

5*017
4*532
5,466
4*426
3*067

14*269
11*253
10*309
9,363
13,905

828
650
388
317
876

1*928
2,981
3,105
1,479
1*431

11,513
7*622
6,816
7,567
11*598

2,879
3,015
2*609
1*929
1*619

72.212
64,469
51*042
40,065
43*998

1935
1936
1937
1938
1939

15*298
16.769
18.850
18*096
18.207

7*040*
6*037
10*142
10*525
9.146

4*995
5*005
4,772
4*166
5*245

3*263
3.727
3,936
3.405
3.816

17*983
19*895
20,991
21,403
25*465

695
799

1,250
1*012
1*451

1,606
1,609
1,855
1.848
1,837

15*682
17,487
17*886
18*543
22.177

1,741
1,719
1,613
1*530
1*488

50*139
56*595
62.972
60*860
65*642

1940
1941
1942
1943
1944

16*287
15.427
16*186
45*970
80*466

7,705
7,785
11*405
36.790
74*048

5*030
4,752
4*151
4*564
4*248

3*552
2.890
2*632
2*596
2*170

28*500
30*284
39,813
51,688
49*465

1.449
2,061
1,911
2.422

1,836
1,897
2,148
2,413
2,470

25,684
26,938
35,604
47,564
44.573

1,487
1,171
1,037
1,099
1*127

70.449
73.624
83,632
119.936
157*316

1945
1946
1947
1948
1949

104*323
130*395
116*241
119*310
122*683

97.659
120*168
106*030
111*351
114,899

4.593
6.619
6*682
6*205
6*374

2.071
3*606
3*529
1.754
1*410

56,159
63,527
63,881
63.787
65*014

2.677
2*974
4.915
5.376
4.661

2*685
3.239
3,675
4,695
5,053

52.797
57,314
55,291
53,716
55*080

1*353
1*234
1,524
1*790
2*219

194,536
243*168
246.251
261.970
271.828

1950
1951
1952
1953
1954

127.932
119.557
136*693
149*199
159*425

120*384
112,590
124,871
135,756
141,980

6*160
5*419
8*909
11*587
15*862

1*386
1.548
2*913
1*856
1*583

70.917
71,645
81*100
89*638
97,747

6.889
8.423
7,475
8,007
9,273

5,334
5,238
7*159
8.458
8*350

58,694
57,984
66*466
73.173
80,124

2,870
3*701
3.933
3,967
4,615

300,795
321,760
366*283
402*202
434*686

1955

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

157*930

94,531

1,564
958

1.306
1*433
1.177

980

782
927

483,058

176

Colorado

State Commercial BanksTable 3

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits
Year
Total

u. s.

Inter.bank.

1896
1897
1898
1899

6*344
7,774
8,702
10,476

60
60
57

1900
1901
1902
1903
1904

11*186
12,912
15*826
16,422
21,543

1905
1906
1907
1908
1909

Other
time

Other
demand

Government

64

3,917
4,749
5,449
6,603

2*367
2*965
3*196
3*809

100
56
72
69
83

6,795
8,061
9,903
10,370
13,062

4*291
4.795

25,280
23,711
26,421
22,747
26,289

144
86
969
514
815

15,269
14,896
15,915
13*224
16,646

9.867
8*729
9.537
9*009
8*828

1910
1911
1912
1913
1914

34,543
33*660
36,577
41,442
43,708

923
864
859
687
786

19,362
15*781
16,896
18*807
20,354

14*258
17*015
18*822
21*948
22*568

1915
1916
1917
1916
1919

45,129
57,428
74,521
80,199
92,493

714

20,569
26,981
36*351
40,069
50,997

23*846
29*047
35.913
36*082
38*772

1920
1921
1922
1923
1924

102,011
90,013
89*743
96.616
72,877

1,774
1,273
1.331

54,707
44*640
44,741
46*558
36*414

45.530
44.100
43*671
46.405
33*401

1925
1926
1927
1928
1929

78,037
66,575
64,659
64,943
64,065

1.342
907

43.911
38*568
37,000
36,388
35.328

32.757
26*973
26.785
27*667
27.977

1930
1931
1932
1933
1934

60,233
52,449
39,475
31,689
36,889

781

627
334
355
539

7
10
3
32

33*218
27.321
19,342
15,761
21,449

26*234
24*494
19.789
15.570
14.869

1935
1936
1937
1938
1939

42,773
49,191
55,419
53.374
58*021

969
928

49
52

1*362

21

25,425
30.364
33,905
31,862
35*375

16*330
17*847
20.131
19*936
20*826

1940
1941
1942
1943
1944

62,137
64*873
74,481
110.384
146,877

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

1,400
2,257

2.913

1,135

2,439

285

1*627

26

1,062

874
888

753

1,562
1,797

27
127

14
23

1,726
1.955

32
48

2.327
2.502
3,691

138
3,521
10*842

183,031
230,023
232,422
244*939
252,888

5,383
6,639
5,824
7.146

278*786
297,420
338,906
370*724
399*464

10*530
12.247
14,576
21*112
23.819

443.512

8.421

5.651

5*983
3*398

38,590
41,219
49,261
79,525
101,609

21.789
21.651
22.755
24.836
30.735

17,585
11,997
1*367
2*625

1*931

120,472
161,637
170,753
160,940
184,818

39*591
49*750
54.478
54.226
57.718

3*864
4*746
5,950
3*836
7*114

202.800
211,579
235,111
246,372
256*202

61*592
66*848
83.269
99*404
112.329

Colorado

177

Table 3State Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated.

Nat onal
Year

Borrowings

ba

no

1896
1897
1898

Ca tal

nthw

iw.

<*

79
51
526
12

1899
1900
1901
1902
1903
1904

507
634
540

Total
liabilities
and capital
accounts

9.815

Number

of
banks

499

73
74
87
80

563
695
835
941
1.588

14*052
16.061
19.319
20.192
26.920

81
88
92
97
101

3.807
3>649
4*136
4.370
4.600

1.765
1.636
1.292
1.777
1*912

31.025
29.106
32.323
29.654
33*100

108
106
106
134
146

31
120

2*303
2.444
2.623
2.798
3.669

10

Surplus and
other
capital
accounts

11.430
12.461
13*411

2.885
2.971
2.693
2.424

35

Amounts in thousands of dollars]

1905
1906
1907
1908
1909

526
138

173
110
474
434
161

1910
1911
1912
1913
1914

295
365
553
477
706

86
499
505
1*032
302

5.622
6.166
6744
6.562
6.766

2*403
2*220
2.788
2.895
2.741

42*949
42*910
47.167
52*406
54*223

171
190
195
193
206

1915
1916
1917
1918
1919

701
455
361
1.560
2*064

231
148
450
375
679

6,689
7.043
7.540
7.828
8.058

2.993
3.090
3.715
3*686
4.266

55.743
68*164
86.587
93*648
107.560

206
219
228
236
244

1920
1921
1922
1923
1924

2*619
3*342
2t277
3002
1.517

364
340
928
394
97

9.951
9.961
9.567
9.141
6*859

5507
5*851
5.845
5.949
4743

120.452
109.507
106.360
115.102
86.093

262
256
238
224
201

1925
1926
1927
1928
1929

964
1*032
938
662
951

850
553
502
665
653

6*981
6.147
6*052
5.700
5.648

4.489
4*601
4.403
4.431
4*586

91*341
78*908
76*554
76.601
75.903

199
184
175
164
159

1930
1931
1932
1933
1934

798
800
1*552
716
124

908
1.243
579
800
509

5.513
5.116
4.730
3*427
3.500

4.760
4.661
4.706
3.433
2.976

72*212
64.469
51.042
40.065
43,998

152
139
123
78
87

1935
1936
1937
1938
1939

44

545
424
669
347
310

3.527
3.527
3*402
3*353
3*358

3*250
3.453
3.482
3.786
4.153

50.139
56.595
62.972
60*860
65*842

84
60
75
71
70

371
389
595
516
565

3.451
3*411
3.468
3.427
3*529

4.490
4.951
5.088
5*609
6.345

70*449
73*624
83.632
119*936
157.316

72
71
70
68
69

7*336
8*076
9.328
10.267
11.054

194*536
243*168
246*251
261.970
271,828

68
70
70
70
71

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949

91
95
145

494
718
1,263
1.154
1.330

3.675
4.351
5.147
5.515
6.411

1950
1951
1952
1953
1954

245
245
371
880
670

1.864
2.310
3*151
4*581
4.620

7.167
8.020
8*645
8.865
10*740

12.733
1 3 . 76 5
15.210
17.152
19.192

300.795
321.760
366*283
402.202
434*666

75
80
62
63
84

1955

832

5.946

11.942

20.826

483*056

86

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

178

Colorado

Unincorporated BanksTable 3a

ASSETS, LIABILITIES, AND NUMBER, 1896-1928


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
T

'al

est ate

**

All
other

1696
1897
1898
1899

1.819
1.903
2*186
2*482

364
381
438
496

420
440
505
573

1*035
1*082
1.245
1.413

1900
1901
1902
1903
1904

1*888
2*235
2*434
2*694
2*930

378
447
487
539
586

436
516
562
622
677

1.074
1.272
1.385
1.533
1.667

1905
1906
1907
1908
1909

3t231
3.496
3*240
3.054
3.058

646
699
648
645
612

746
608
746
745
705

1.839
1.989
1.844
1.664
1.741

1910
1911

2.746
2.223

517
383

591
435

1*640
1*405

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Year

,
SSL
R

'al

JSL

"a

1912
1913
1914

2.005
1.989
1*803

396
312
293

351
415
585

1*256
1.262
925

1915
1916
1917
1918
1919
1920
1921
1922
1923
1924

1.616
1.569
1*344
784
430
469
306
302
124
115

252
220
170
97
77
60
27
32
11
10

555
583
431
277
175

809
766
743
410
178

223
177
120
72
66

186
102
150
41
39

1925
1926
1927
1928

115
38
50
52

10
7
9
8

66
22
29
30

39
9
12
14

Colorado

179

Table 3aUnincorporated Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1928Continued


[Figures as of June 30 or nearest available dale; partly estimated.

Year

Obligations
of States
and political
subdivisions

U &'
Govern ment
obliga tlons

Total

Amounts in thousands of dollars]


Cash assets

Investments

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1896
1899

365
381
439
497

116
121
140
158

249
260
299
339

1*481
1*549
1.782
2*021

21
22
25
28

215
225
256
293

1*245
1*302
1*499
1*700

349
366
420
477

4,014
4*199
4,829
5.477

1900
1901
1902
1903
1904

379
446
466
540
587

121
142
155
172
187

256
306
333
368
400

1,538
1*820
1*656
1*788
1,622

22
25
26
^5
26

223
264
269
259
264

1*293
1,531
1,561
1*504
1.532

362
432
606
777
672

4,167
4,935
5*384
5,799
6.011

1905
1906
1907
1906
1909

648
701
650
565
614

206
223
207
181
V195

442
478
443
384
419

1*893
2*282
1,971
1*590
1*799

27
32
28
21
25

274
331
286
289
260

1.592
1,919
1*657
1*260
1.514

588
569
486
450
335

6*360
7.048
6.347
5,659
5,606

1910
1911
1912
1913
1914

726
510
403
390
346

167
139
41
30
19

559
371
362
360
329

1.324
1*015
805
926
639

26
18
10
7
17

233
192
149
147
145

1*063
805
646
772
477

338
162
156
151
136

5*136
3*910
3,369
3.456
2*928

1915
1916
1917
1916
1919

261
234
54
70
96

75
67
15
51
90

186
167
39
19
6

453
474
632
297
270

6
10
7
11
2

119
91
79
60
30

326
373
546
226
236

107
91
68
83
22

2,437
2,366
2,098
1*234
818

1920
1921
1922
1923
1924

125
19
18
15
7

58
18
16
7
5

67
1
2
8
2

263
136
155
42
37

5
4
3

39
20
21
15
14

219
112
131
27
23

24
9
9
5
5

881
470
484
186
164

1925
1926
1927
1926

13
6

7
5

6
1

51
14
25
31

12
5
6
6

39
9
19
25

5
4
4
5

184
62
79
86

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

180

Colorado

Unincorporated BanksTable 3a

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1928Continued

&

[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits

Year

Total

U. S.
Government

Interbank

Other
demand

Other
time

1896
1697
1898
1899

2*705
2*905
3.410
4*022

43
46
55
64

2.175
2.336
2*741
3*234

467
523
614
724

1900
1901
1902
1903
1904

2*995
3*516
3*941
4*112
4.199

48
56
63
66
67

2*408
2*627
3*169
3,306
3,376

539
633
709
740
756

1905
1906
1907
1908
1909

4*553
5.351
4,676
4*121
4.527

73
86
75
79
73

3*660
4,302
3759
3*300
3*638

820
963
842
742
816

1910
1911
1912
1913
1914

3.993
3,122
2,694
2.821
2*161

65
34
38
15
6

3*209
2*285
865
.795
.569

719
803
791
1,011
566

1915
1916
1917
1918
1919

1,739
1.7*9
1.647
1*036
695

6
2
3
4

*252
.292
1*262
756
626

481
455
382
278
67

1920
1921
1922
1923
1924

744
399
404
137
113

609
280
291
121
97

135
119
111
16
16

1925
1926
1927
1928

132
31
47
54

116
23
43
49

16
8
4
5

Colorado

181

Table 3aUnincorporated Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1928Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

National
bank

Borrowings

^
J^

Surplus
and
other

Canital
^P'*31

capital
accounts

Total
liabilities
and capital
accounts

^
N
ixumuer
^

1896
1897
1896
1899

1*000
971
1*051
1*109

309
323
368
346

4*014
4*199
4t829
5*477

42
42
49
52

1900
1901
1902
1903
1904

873
999
943
1*136
1*139

299
420
500
551
673

4.167
4*935
5*364
5*799
6*011

51
57
57
62
65

1905
1906
1907
1908
1909

65
18

13
3

1*136
1*139
1*110
810
761

671
556
561
630
497

6*360
7*048
6*347
5*659
5*806

67
70
68
51
43

1910
1911
1912
1913
1914

7
49
55
50
99

4
4
1
4
3

670
525
423
403
498

462
210
196
176
167

5*136
3*910
3*369
3*456
2*928

34
31
29
27
37

1915
1916
1917
1916
1919

61
27
15
15

10
5
3

430
420
275
110
55

177
167
158
71
66

2*437
2*366
2*098
1*234
818

33
29
20
9
5

1920
1921
1922
1923
1924

10

55
35
35
25
25

72
34
36
24
26

881
470
464
186
164

5
3
3
2
2

25
15
15
15

27
16
17
19

164
62
79
88

2
1
1
1

1925
1926
1927
1928

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

2
4

CONNECTICUT

Revised data for assets and liabilities and


number of all banks in Connecticut, as of June
30 or the nearest available date, in the period
1896-1955 are shown in Table 1; for all commercial banks, in Table la; for national banks,
in Table 2; for State commercial banks, in
Table 3; and for mutual savings banks, in
Table 4. Because of the incomplete coverage
in reported data for unincorporated banks in
the State, a separate balance sheet was compiled for these banks (Table 3a); Table 3
includes data for these and other State commercial banks.1
A general description of the compilation
of all-bank figures for the United States as a
whole is given in Part I of this volume, the
United States Summary. This summary includes the definition of "bank" as used in this
study and a description of the balance-sheet
items, the classification of banks, and the
principal methods used in compiling the
figures.
The figures for national banks in Connecticut were obtained from abstracts and
annual reports of the Comptroller of the Currency with relatively minor adjustments; a
description of these figures is included in the
United States Summary. Compilation of figures for other classes of banks presented a
number of problems and considerations not
encountered in compiling the balance sheet
1
The term "State commercial banks" used in Table 3 refers (in this State) to (1) banks that at one time or another
during: the period were designated in the annual reports of
the Comptroller of the Currency as "State banks," "loan and
trust companies," or "private banks and bankers" (unincorporated banks) and (2) industrial banks that accept deposits.
In this report, however, the data for unincorporated banks
are discussed separately from those for other State commercial banks.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

for national banks. The following sections


describe these problems and the methods used
in deriving the revised series. In the description the banks are classified in three groups:
(1) State commercial banks (other than unincorporated banks), (2) unincorporated banks,
and (3) mutual savings banks.
The sources of statistics for State commercial banks (other than unincorporated
banks) for 1896-1933, and for unincorporated
banks and mutual savings banks for 18961946 were (1) figures reported to the Comptroller and published in his annual reports
and (2) figures published in the reports and
abstracts of the State banking department
and by other State authorities. For unincorporated banks these sources were supplemented
by data obtained from bankers' directories.
The sources of statistics for State commercial banks for 1934-1946 were (1) summary figures for insured banks published or
supplied by the Federal Deposit Insurance
Corporation and (2) figures for noninsured
banks obtained from reports of the State
banking department or from bankers1 directories. Data for this period are discussed
separately because of the substantially better
coverage and more consistent reporting beginning in 1934.
Beginning with 1947, all statisticsincluding the breakdowns of loans, investments,
cash assets, and depositsfor State commercial banks, unincorporated banks, and mutual
savings banks were taken directly from data
published or supplied by the Federal Deposit
Insurance Corporation.
183

184

All-Bank Statistics

STATE COMMERCIAL BANKS (OTHER THAN UNINCORPORATED BANKS), 1896-1933


The following paragraphs describe (1) the
principal adjustments in the figures as published by the Comptroller of the Currency,
(2) supplementation of the data from other
sources, and (3) preparation of estimates
where data were incomplete or were not available.2 The United States Summary includes
a discussion and evaluation of alternative
estimating procedures considered, tested, and
used in one or more States. It also includes
examples of the use of banking trends as a
guide in making State estimates,
NUMBER OF BANKS AND AGGREGATE
BALANCE SHEET

The number of banks in 1918 and 1919


was reduced by three and in 1920 by one on
the basis of information in State banking department reports. No change was necessary
in the balance-sheet data.
Connecticut State bank data reported to
the Comptroller and published in his annual
reports for 1896-1898 were for the October
call of the preceding year. Accordingly, for
the revised series, balance-sheet data for 1896
and 1897 were taken from the Comptroller's
reports for 1897 and 1898, respectively; data
for 1898 were taken from the report of the
State banking department.
The assets of the savings departments of
loan and trust companies were variously reported:as "all other" loans, "other" investments, or "other" assetsin the Comptroller's
reports for 1916-1925. For the revised series
these assets were redistributed among the
various items of the balance sheet on the
basis of the breakdown of assets of the savings
departments for the fall call date of these
years shown in the State banking department
report.
2
In cases where the breakdown of a given item (for example, total loans) was not estimated on the basis of a percentage distribution, but where one or more components were
estimated on the basis of data from various sources or for
various dates, the "other" category (for example, other loans)
is a residual. This procedure was also used for other classes
of banks in the State.

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LOANS

A complete classification of loans into


real estate, collateral, and "all other" was not
reported to the Comptroller regularly until
1928. For years in which items were not published by the Comptroller, figures were obtained from other sources or were estimated.
Real estate loans for 1896-1898 were derived from State banking department reports.
For 1902-1908 they were estimated by applying to total loans, ratios of this item to total
loans that were derived by interpolating between ratios based on reported data for 1901
and 1909. For 1916-1925, figures for the fall
call date from the State banking department
report were adjusted to June dates.
Collateral loans for 1896-1908 were estimated by applying to total loans in each year
the average ratio of this item to total loans
computed from reported data for 1909-1913;
for 1916, by applying the average ratio computed from reported data for 1915 and adjusted data for 1917. For 1917-1925, collateral
loans as shown in the Comptroller's reports
were increased by the amounts estimated to
have been held in savings departments of
loan and trust companies; for these estimates
the figures for collateral loans in savings departments on fall call dates, as shown in State
banking department reports, were adjusted to
June dates. Collateral loans held by the
banking departments of trust companies in
1924 and 1925 were estimated by applying to
total loans the average of the ratios of this
item to total loans based on reported data for
1923 and 1926.
INVESTMENTS

A complete breakdown of investments


into United States Government, State and
political subdivision, and other securities was
not reported to the Comptroller regularly until
1926. .In the years in which items were not
reported, figures were obtained from other
sources or were estimated.

Connecticut
Very small holdings of United States Government securities were reported intermittently in years prior to 1917. No estimates
were made for other years in this early period.
Beginning with 1917, holdings were reported
regularly except for amounts in the savings
departments of loan and trust companies in
the period 1917-1925. The latter were obtained from State reports and added to totals
reported by the Comptroller.
Small amounts of obligations of States
and political subdivisions were reported intermittently in the early years of the period. No
estimates were made for years when such
holdings were not reported. For 1916-1925,
figures for the fall call were obtained from
the State banking department reports and
adjusted to June dates.
DEPOSITS

The breakdown of deposits into interbank, United States Government, other demand, and other time was adequate after some
minor revisions in the reports of the Comptroller beginning with 1909, although reported
figures for United States Government deposits
were supplemented in a number of years.3 No
attempt was made in the revised series to

185

provide figures for the latter item prior to


1918 because practically all such deposits
were held by national banks.
In years when items were not reported,
figures were obtained from other sources or
were estimated.
The breakdowns of total deposits other
than interbank into demand and time for
1896-1901 at loan and trust companies were
estimated by applying to this total in each
year the average ratio of time deposits to this
total computed from adjusted data for 19021907. Time deposit figures for loan and trust
companies for fall call dates in 1902-1908 and
for State banks in 1914, 1916, 1919, and 1920
were obtained from State banking department
reports and were adjusted to June dates.
Figures for United States Government
deposits at State commercial banks in the
period 1918-1925 represent those at State
member banks only. Figures except for 1918
are as reported. The figure for 1918 was estimated by applying to United States Government deposits at all State member banks in
the United States on June 30 of that year,
the ratio of these deposits at State member
banks in Connecticut to such deposits at all
State member banks on June 30, 1919.

STATE COMMERCIAL BANKS (OTHER THAN UNINCORPORATED BANKS), 1934-1946


The principal assets and liabilities of
State commercial banks for 1934-1946 were
obtained by combining data for insured banks
published by the Federal Deposit Insurance
Corporation with data for individual noninsured banks. Figures for the latter group for
1934-1941 were taken from bankers' directories; for 1942-1946, they were compiled by
the Federal Deposit Insurance Corporation
from data furnished by the State banking
department, supplemented by data from
bankers' directories.
The breakdowns of some of the principal
8
In subsequent paragraphs these items (if discussed) are
designated and arranged as follows: demand, time, interbank,
and United States Government. This order differs from that
in the tables.

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asset and liability items that were required


for the all-bank series were not available for
noninsured banks for every year during the
1934-1946 period in either of the sources cited.
The breakdowns of these items were estimated
on the basis of the percentage distribution of
corresponding items at other groups of banks
as follows: loans for 1934-1938 and investments other than United States Government
obligations and cash assets for 1934-1941,
on the distributions at insured nonmember
banks in corresponding years; loans for 19391946, on the distribution at noninsured banks
in December 1947; and deposits for 1934-1941,
on the distribution at noninsured. banks in
1942.

186

All-Bank Statistics
UNINCORPORATED BANKS, 1896-1946

Figures for unincorporated banks were


not published by the State banking department until 1924 and were not adequately
reported to the Comptroller of the Currency
until 1926. Bankers' directories, which gave
few or no balance-sheet data for banks designated as private, were also inadequate. Nevertheless, a balance sheet was constructed for
1896-1923 on the basis of the State banking
department data for 1924 and Internal Revenue data for 1900-1902. For the latter period
the Bureau of Internal Revenue published
figures by States and class of bank on the
number and capital and surplus of banks,
compiled in connection with the tax on bank
capital and surplus imposed by the War
Revenue Act of 1898.
On the basis of estimates described below,
the total assets of private banks throughout
this period did not exceed 12 per cent of total
assets of all State commercial banks.
From the data published by the Bureau
of Internal Revenue, an average capital-accounts figure per bank was determined for
each year of the 1900-1902 period; these three
averages, in turn, were averaged. A total
capital-accounts figure for each year 18961902 was then derived by multiplying the
number of banks, as given in bankers' directories, by the average capital accounts per
bank for 1900-1902. Total capital accounts
for 1903-1923 were derived by interpolating
between the average per bank for 1900-1902
and the average for 1924 and then multiplying
the interpolated figure for each year by the
number of banks in that year as given in
bankers' directories.
Total assets and liabilities were then estimated by assuming that capital accounts in
each year prior to 1924 represented the same
proportion of assets and liabilities as in 1924.
For 1896-1902, however, the total assets and
liabilities 'figures thus obtained were adjusted

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to reflect changes in the ratios of capital accounts to total assets and liabilities as reported
for all commercial banks in Connecticut during this period. Individual balance-sheet items
were then estimated for 1896-1923 by applying to estimated total assets or liabilities the
ratio of each item or subitem to the total based
on reported data for 1924.
For later years in which detailed balancesheet data were not available, the data were
obtained as described below.
LOANS

Real estate loans in 1925 and 1926 and


collateral loans in 1926 were estimated by
applying to total loans the average ratio of
each item to total loans computed from reported figures for 1924 and 1927 and for 1925
and 1927, respectively.
For 1942-1946, the breakdowns of loans
were estimated on the basis of the percentage
distribution of the total computed from reported figures for December of the same year.
The breakdowns of real estate loans into farm,
residential, and "other" for this period were
estimated on the basis of the percentage distribution in December 1947.
INVESTMENTS

The breakdowns of investments for 19211926 were estimated on the basis of the percentage distribution of the total as reported
for 1927.
United States Government securities for
1931 were estimated by interpolating in dollar
amounts between reported figures for 1930
and 1932.
State and political subdivision securities
for 1932-1938 were estimated by applying to
total investments in each year, ratios of this
item to total investments that were derived by
interpolating between ratios based on reported
figures for 1931 and 1939.

Connecticut

187

MUTUAL SAVINGS BANKS, 1896-1946


Data reported to the Comptroller of the
Currency and published in his annual reports
for 1896-1908 were for the October call of the
year preceding publication. The statistics
were shifted to the year in which the call was
made by the same process as described for
State commercial banks; figures for 1908 were
taken from the report of the State banking
department. After 1909 the calls were as of
June 30 or July 1.
The breakdowns of the loan and investment portfolios were generally adequate for
the entire period except 1922-1925 and 19391946. The breakdowns of loans for 1922,1923,
and 1925 were estimated by applying to total
loans shown in the Comptroller's reports the
percentage distribution of total loans derived

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from the State banking department reports


for the October call in corresponding years;
for 1924, by applying the average distributions
for 1923 and 1925; and for 1939-1946, the distribution for December 1947. In addition,
some adjustments were made in the loan and
investment breakdowns for the years 1921,
1926, 1927,-and 1929-1932 on the basis of evidence in the State banking department reports.
Balances due from banks for 1897-1902
were estimated by applying to total cash
assets the average ratio of this item to total
cash assets computed from reported data for
1896 and 1903. Figures for 1919-1925 were
estimated in the same way, using data for
1918 and 1926.

188

Connecticut

All BanksTable 1

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Loans

Loans
Year
Total

Real
estate

All
other

Collateral

Year

Total

Real
estate

Collateral

All
other

1896
189?
1898
1899

127.765
128*441
131*190
136.235

61.281
63.801
66*298
67.863

22.545
22*946
24*121

41*891
42,095
41*946
44.251

1900
1901
1902
1903
1904

138.209
145.797
148*506
150.973
152.720

69.276
71.150
72.069
73*543
74,929

24*740
27,245
29,332
32*330
31,570

44*193
47,402
47,105
45*100
46.221

1920
1921
1922
1923
1924

448*720
459*988
462*250
513.646
563,580

200*007
215,897
228,952
258*684
295*980

103*903
101.420
104*558
110.466
118.347

144*810

1905
1906
1907
1908
1909

159.569
173.330
181.315
181.717
187*354

77,672
82.393
86.840
89*305
92*406

32,228
37,547
39,869
39,472
41,152

49.669
53,390
54.606
52.940
53,796

1925
1926
1927
1928
1929

634.118
700.554
763.468
849*545
917.040

335*988
378.542
417.952
458.425
488.230

139.301
156*807
173.985
216.078
247*880

158.829
165.205
171*531
175*042
180.930

1910
1911
1912
1913
1914

209.757
220*742
240.286
254*566
267.838

101*426
109*175
118*153
128,042
132*798

46*251
47*789
53*694
56,849
54,605

62.080
63*778
68*439
69,675
80*435

1930
1931
1932
1933
1934

919.434
884*512
760*529
707*057
647*752

505*409
517*479
497.342
481*808
453.199

236*104
201,354
131,095
114*947
97,654

177.921
165.679
132.092
110.302
96*899

1915
1916
1917
1918
1919

273*185
315.040
360*394
366*981
390.274

136*969
145.185
172.413172.620
178*142

57,746
74*453
84,582
89,639
110,735

78.470
95,402
103,399
104,722
101*397

1935
1936
1937
1938

608*493
597.698
602.721
582.120

429.311
428.821
423.929
422.440

84*594
73.148
71,328
62.795

94.588
95*729
107*464
96.885

24.593

142*671
128*740
144*496
149.253

Loans '
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

To
others

Real estate

On
farm land

76,079

On
residential
property

Other

Other
loans
to
individuals

All
other

362*053

47*583

60*789

1940
1941
1942
1943
1944

571,914
590.320
567*418
492*201
468*961

81*787
92*407
85*457
53*096
57*806

442
634
275
989
540

15*333
14.444
11.354
11.980
9.293

3*241
3*306
3*084
3,006
2,844

361.854
366,517
362.502
338.594
313.474

47.843
48,215
49*241
43.779
39.146

31,725
36.937

61.414
64.797
55.505
9.032
8,921

1945
1946
1947
1948
1949

462.227
513*098
616*277
704.242
763.200

57*992
84*600
104*211
142*736
133.094

494
716
362
579
771

23.551
18.214
9,162
8,337
7*803

2*685
2*947
3,408
4*273
5*070

293.427
305.041
339.321
401.124
454.041

37*571
40*600
48*487
51*515
58*901

36.595
51.515
101.934
93.399
103*598

7.912
9.465
9.392
8*747
9*043

1950
1951
1952
1953
1954

875.327
1*023.478
1*144*173
1*314*972
1*471.153

151*860
204.615
226*456
249,491
259*296

1*264
2*006
5.329 *

7*862
8*267
9*046
9*442
10,259

6*141
6*429
7,489
8*227
8*636

512.882
586*463
664.277
758*646
872*053

58*529
64*058
61*076
77*969
85*779

137.927
155.703
175*172
211*947
231*058

11*490
11*237
13.191
12.530
13*638

1955

1.716.066

290,841

2*719

12,388

9.370

1 ,035*570

93*781

267*236

21,895

1.778
979

' Eieginning June 30, 1946, figures for \iirious loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

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the total and are not entirely comparable with prior figures,. Total loans
continue to be shown net.

Connecticut

189

Table /All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Investments
Year
Total

U.S.
Government
obligations

Cash assets

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

99,736
105,899
110,369
125,166

12.400
12.279
11,629
13*209

40.753
42.647
43.548
45.606

46,583
50*973
55.192
66.353

22*863
24*396
28*952
29*428

950
871
1.040
1,407

6.326
6.434
7.103
6.827

15.587
17*093
20*809
21.194

7.144
7,284
7*941
6,142

257*508
266*022
278*452
298.973

1900
1901
1902
1903
1904

132,743
142.399
150.360
158*739
166,538

12.931
12*515
12.111
H.920
11.811

44.582
44*616
43*560
43*943
45.391

75.230
85*266
94.669
102.876
109.336

27.348
28,595
28,216
25*246
30*044

1,154
1*550
1*083
971
932

7,052
7.366
7,694
7*276
7,467

19*142
19,679
19,439
16.999
21.645

8,749
9,838
10,515
10.896
11.108

307.049
326*629
337*617
345.654
360.410

1905
1906
1907
1908
1909

182,331
190,588
197,473
196,345
203.410

12,071
13*045
13*094
13*226
13.767

48.373
49.382
50.695
48.954
48.207

121.887
128.161
133.664
134.165
141*436

29*929
33,173
31,663
34*211
33,719

1*007
1*236
1*063
1*144
1*027

7,307
7,326
7*676
8.545
9.029

21.615
24.607
22.924
24.522
23.663

11.122
U.139
11.325
11*340
9.443

382.951
408.230
421.776
423,613
433*926

1910
1911
1912
1913
1914

209.001
212.595
219,321
219*934
220*360

13.711
13*468
13.675
13,949
13,862

53*081
51*844
53.635
57.399
58*159

142*209
147*263
151*611
148*586
146*319

34,151
37,615
38,131
37,812
44*392

2*312
1*410
1,697
1,742
2*610

9.152
9*613
9.425
10.016
10*416

22*687
26.792
27.009
26.054
31*364

9*801
10*938
11*217
12.360
13*833

462*710
482*090
508,955
524,692
546,423

1915
1916
1917
1916
1919

224*106
254.571
281.912
294.904
349.052

13*866
13.672
21.541
42.403
94.464

61.623
64*802
68*431
63*801
67*473

148*615
176.097
191*940
188*700
187.115

44,441
57,940
61,254
77,093
69*016

1.797
3.501
2*392
6*498
7*423

11*351
13*980
16*508
12*666
14.253

31*293
40*459
42.354
57.709
47*340

17.389
15.149
16*853
21*347
22*060

559,121
642,700
720*413
760.325
630.402

1920
1921
1922
1923
1924

345*798
339.233
343,257
376.024
382.611

93*616
92.570
91,524
110,777
99,144

52.260
50*762
44*506
41*201
39*641

199.922
195.901
207.227
224*046
243*826

80,426
65,003
67,900
69*332
82,198

11*555
9*661
10*498
11*159
13*166

17,107
11,493
10,773
10,708
13*649

51.764
43*849
46*629
47*465
55*363

26,786
25,524
27,280
29,566
33*300

901,730
689.748
900.687
968.568
1.061*669

1925
1926
1927
1928
1929

389.765
400.453
423*569
450*021
439.220

89,228
60,164
72.327
68.009
66.013

34.112
33*804
30,635
28*967
26*238

266*425
286*485
320*607
353*045
346*969

64*309
86*881
95*343
86*164
93*077

15*609
14.315
16.463
15*167
16*408

15.295
15,211
14.978
12,241
12,476

53.405
57.355
63.902
58.776
64*193

36.474
37,507
37,645
42,992
46.141

1*144*666
1.225*395
1*320.025
1*428*742
1.495.478

1930
1931
1932
1933
1934

449.053
463*275
413*704
394*234
420,494

58*832
64*720
70*578
83.021
117*685

26*271
32*256
30*417
27*706
32*280

363*950
366*297
312*709
283*507
270.329

102*387
113*688
95*799
121,952
144,352

14*647
14.583
10*661
9.474
9.692

15,606
16,407
19,229
15,379
14,456

71*934
82.696
65.909
97.099
120*202

48,336
48,563
51,292
62,350
73,065

1.519.210
1.510.038
1,321.324
1.285,593
1*285*663

1935
1936
1937
1938
1939

465.943
526.403
564.084
550,880
574,603

166*684
212,606
246*493
264*050
284.044

37*135
41*082
44.108
43*076
64*498

262*124
274*715
273*483
243.754
226*261

148,815
157,857
182,229
199,892
248,519

11.102
15.471
16.964
13.343
15.525

15,705
20*637
23.761
21.156
19*976

122*006
121.749
141.504
165.393
213.018

65*323
94*677
96,981
96,193
96,201

1*308,574
1,378*635
1,446,015
1*429,065
1*485,997

1940
1941
1942
1943
1944

587*378
659*656
842*646
1*261*613
1*632*314

305.953
388.154
565.949
,027*075
417.223

67*497
69*893
74*984
72,699
58,308

213.928
201.609
161.713
161.839
156.783

323,809
397*366
361,372
371*014
360*181

13.960
22.522
26.953
34*061
36*030

24*704
32*193
39*759
41.490
34*918

285.145
342*671
294.660
295.463
289.233

88.707
77,682
59,493
49,573
43*586

1,571*608
1,725*044
1*830,929
2,174*401
2,505,042

1945
1946
1947
1948
1949

1*952,036
2,014,121
1*876*753
1,892,726
1*867*306

,749.442
792.952
.620*126
1.581*014
1.536.768

47,187
45,502
61,173
61,144
85,758

155.407
175.667
195*454
230*566
244*780

347*299
359*457
391,289
391,232
365*264

27*701
41.070
53.080
49.572
47.700

35*987
34*932
45.010
52.109
44.451

283,611
283,455
293,199
289,551
273*133

41*553
39*931
39*103
39.408
41*027

2,803*115
2*926*607
2*923*422
3*027,608
3,036,817

1950
1951
1952
1953
1954

1*694,400
1*887,626
1.946*561
1*963*000
1*960.002

1.531*596
1.494.697
1.502*493
1*460*045
1.422*097

116*365
141*531
161.299
183.037
201,357

246*419
251*600
282*769
299.916
336*546

345,603
436,898
525,985
494.372
522.615

64.207
80.360
124*059
108*496
96*313

36.402
42.251
54.873
60.398
60.703

245,194
314,287
347*053
325*478
365.599

42*382
46.502
49.211
50*636
55.430

3,157,912
3.394,706
3*665,930
3,823,160
4,009*200

1.955*397

1.386,391

224,040

97,777

54,745

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

190

Connecticut

All BanksTable 1

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued

[Figun

i of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

Deposits
Year
Total

Interbank

U.S.
Government

Other
demand

Other
time

1896
1897
1898
1899

200*823
209*091
222*501
242*722

5.698
5.313
6.184
6*017

220

237
326
1*318

43*474
45*444
50.127
56*512

151*431
158*097
165.864
176*875

1900
1901
1902
1903
1904

247*427
265*705
276,332
281*465
294.952

4*556
5*762
6.177
5.966
6.271

1.261
1.203
1.660
1*648
1*131

55*008
61*960
61*291
57*634
62*199

166.602
196.760
207.204
216.217
225.351

1905
1906
1907
1908
1909

315*322
336,255
346,661
346,907
354*105

5.972
5,653
6,198
6*162
6*115

708
564
816
889
538

70*941
77*186
76*358
82*496
82*744

237.701
252.652
263*269
257.360
264.708

1910
1911
1912
1913
1914

380*634
397.700
421,262
432*891
454.197

6,489
5*725
6,555
6,094
7,833

311
309
467
245
431

90.629
95*859
103*933
102*160
111*308

283.205
295.807
310.307
324.392
334.625

1915
1916
1917
1918
1919

465,615
546*960
613,381
639*942
692*509

6,557
10*142
6*588
9*545
8*038

419
383
411
17,647
10*716

117.552
158.978
161*523
188*361
217.779

341.087
377.457
422*859
424*389
455*976

1920
1921
1922
1923
1924

760*543
736*082
754*894
833,297
905.912

10*720
9*015
9*388
9*356
9,433

2*860
4*258
1.153
2*656
1*343

239*928
200*102
216.847
230.745
256.895

507*035
522*707
527.506
590*540
638*241

1925
1926
1927
1928
1929

975*751
1*042.279
1,121*784
1*200*535
1*240.525

10*340
9,595
9,942
9*723
14*079

765
1*200
1*967
1*484
3*728

282*611
290*396
310*423
322*233
331*421

661.835
741.088
799.452
667.095
691.297

1930
1931
1932
1933
1934

1*267.053
1*274*812
1*108*870
1*092*632
1.111.052

18*280
22*992
18*048
18*698
21*845

3*244
4*589
2.710
6*357
11*417

325*763
303*176
216.507
214*332
219.781

919.766
944.055
8*9.605
653.245
656.009

1935
1936
1937
1938
1939

1*142*015
1*210*917
1,273*316
1*254.952
1.306.686

23*127
27.521
27.202
24*912
30*206

6*586
8*571
3*524
2.290
5,484

243.485
291*064
326*438
319*952
350*805

866.817
663.761
916*152
907.796
920.191

1940
1941
1942
1943
1944

1.392.457
1.538.497
1*639*080
1,974,113
2*291.162

39,526
45*894
44*227
41,413
34.096

5*726
6*474
8*002
82*520
272*574

404*655
507*119
595*394
764*766
765*846

942.550
979.010
991*457
1*065*414
1*218*646

1945
1946
1947
1948
1949

2.565.453
2*661.729
2.648.045
2.740*119
2.740.338

33.669
36*647
36*522
37,311
34.443

322*110
149.191
9*102
28.137
20*958

801*236
694*979
937*438
961.348
949*970

1*406*436
1*560.912
.664*963
.713*323
.734*967

1950
1951
1952
1953
1954

2.840.340
3,062,680
3.324.103
3*462.903
3,629.915

35.818
37.195
45*018
42,851
47*598

48*734
74*865
107*872
72*023
86*711

999*794
1*172*058
1.285*769
1*326*946
1*338*137

.795*994
.776*562
,885.444
.021.063
2.157*469

68*742

1*403*231

2*261.332

Connecticut

191

Table 7All Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Borrowings

National
bank
notes

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1898
1899

642
560
860
807

7*951
8.060
7.336
8022

249
241
311
390

25*876
25*626
24*766
24*367

21.967
22,444
22.678
22.665

257,508
266,022
278.452
298*973

202

1900
1901
1902
1903
1904

743
686
844
l29i
I t 499

9*615
10*533
9*865
10*097
10*268

299
383
295
990
916

24*710
24*536
24*586
24*611
24*505

24*255
24*786
25*693
27*400
28.270

307*049
326*629
337*617
345*854
360*410

205
207
208
209
210

1905
1906
1907
1906
1909

1*366
1.906
2.330
1.977
2*721

10*760
12*196
12*261
12*578
12*936

248
337
829
.656
828

24.813
25.031
25*316
25.765
25*910

29,422
31*505
33*379
34,730
37*426

382,951
406*230
421*776
423*613
433*926

209
211
211
214
217

1910
1911
1912
1913
1914

3.743
2.659
3.448
3.961
3.530

12*977
12.723
13*040
13*169
13*138

067
.472
1*489
1*366
1.481

25*804
26*304
26.361
26*889
27*737

38*485
41*232
43*355
46*416
46*340

462*710
482.090
506.955
524.692
546*423

214
215
219
221
222

1915
1916
1917
1918
1919

3*681
3*281
7*618
15*729
23*889

12.976
12.962
12.356
12*468
12.442

1*666
2*734
3*678
5*823
9.152

27*762
28.217
28*904
29.273
30*484

47,421
48,546
54,476
57,090
61,926

559*121
642.700
720.413
760.325
830*402

224
225
226
227
232

1920
1921
1922
1923
1924

19*548
27*234
13*110
16*970
11*997

12*125
12.696
12.956
12.511
12*746

9.345
5.343
4.678
5.081
5*141

32,727
34.450
35.242
36*724
36*120

67,442
73,943
79.807
83,985
89,773

901*730
869*748
900*687
988*568
1,061*689

237
242
245
245
243

1925
1926
1927
1928
1929

17*340
18*549
18*642
30*615
32*991

9.699
9*786
10*097
9*604
9*754

5.159
5.900
7*234
8*012
12.424

36*568
36*576
41*060
42*940
46.490

100.149
110,303
121*208
137*036
153.294

1*144*666
1*225*395
1,320.025
1.428*742
1*495*478

245
247
250
252
254

1930
1931
1932
1933
1934

18*344
9*939
18*411
11*421
2*491

10*161
10.557
10*459
10*761
9*404

7.760
5*182
4*851
3*603
2*736

46,325
46*811
40,861
40.906
45*014

167,567
162,737
137,872
126,270
114.966

1,519,210
1,510*038
1,321.324
1*285*593
1,265,663

253
239
212
211
199

1935
1936
1937
1938
1939

1*678
1*187
709
228
105

3*306

3.027
3*346
3*933
3*881
3*883

45.371
44*711
43,872
43*760
43*480

113.177
118*474
124,185
126,264
131,843

1*308*574
1,378,635
1,446*015
1.429.085
1,485,997

198
198
196
196
195

1940
1941
1942
1943
1944

141
54
54
2*034
240

4.470
5.705
6*198
5*731
5*961

42*046
42*016
41*958
41*637
41,957

132.694
138.772
143*639
150.886
165.722

1,571,808
1,725,044
1,630,929
2,174,401
2*505,042

191
191
191
190
190

1945
1946
1947
1948
1949

2*916
2*680
1*355
265
265

7*049
9*687
11*175
13*855
13*222

41*826
42*190
42*879
43*827
43*682

165.871
210.321
219.966
229.542
239*310

2,803*115
2,926.607
2,923.422
3.027*606
3*036,817

189
188
187
166
186

1950
1951
1952
1953
1954

750
1.755
653
1*000
925

19,778
23*869
20*147
24.116
27*462

46,217
46*819
47*919
51*169
52.137

250,827
259,583
273*106
283.990
296*761

3,157*912
3,394.706
3,665,930
3,623,160
4,009.200

190
183
164
183
181

32,578

56,497

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

202
202
201

175

192

Connecticut

All Commercial BanksTable la

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year
Total

Real
estate

1896
1897
1898
1899

55*439
54*778
56.105
60,452

1.198
1*194
1399

1900
1901
1902
1903
1904

60t012
65.230
66*200
65.723
67.226

1905
1906
1907
1908
1909

All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1.452

15*987
14*807
15*879
17.434

38,254
38i777
38*827
41,566

1.571
1*725
1*865
2.145
2*303

17*725
19.725
20*960
21*572
21*828

40*716
43,780
43*375
42*006
43,095

1920
1921
1922
1923
1924

259*992
257.499
253.769
284.174
306*134

31*494
35*857
38*999
47*316
56*555

89*061
86*522
91*252
97,552
105,475

139,437
135*120
123*518
139,306
144,104

72.113
78*948
81.900
82*486
84*410

2.517
2.979
3.432
3*539
3*876

22*821
25*618
27*528
28*845
30*791

46,775
50,351
50,940
50,102
49,743

1925
1926
1927
1928
1929

348.352
386*261
418*904
473*928
513*532

68*032
82.174
92*721
104.989
113,854

126,514
144*289
160*585
199,725
225.490

153,806
159,798
165,598
169*214
174,188

1910
1911
1912
1913
1914

96*495
99.140
111*148
114*787
122*330

4,474
5,507
6*928
8*380
7,967

35*038
35*843
41*041
43.091
40.941

56*963
57,790
63,179
63,316
73,422

1930
1931
1932
1933
1934

498*313
447*845
322*480
283*996
244,695

114,759
110*957
88*485
84,928
71,914

211.998
177,492
109*905
96,588
81,875

171*556
159.396
124,090
102,480
90*906

1915
1916
1917
1918
1919

125*007
159*188
188*974
197i559
219*609

10*093
13.400
16.693
20.132
24.735

43.788
58*061
72.534
78*659
99.735

71,126
87,727
97*747
98.768
95.139

1935
1936
1937
1938

227*805
231*867
246,392
228*632

67*953
79*752
81*715
81*993

71*381
62*664
62*502
54*496

88.471
89.451
102*175
92*143

Loans '

Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

On
farm land

On
residential
property

Other

Other
loans
to
individuals

All
other

221,554

76*079

1940
1941
1942
1943
1944

230*917
250*054
232*695
183,435
186*810

81.787
92.407
85,457
53,096
57,806

442
634
275
989
540

14,727
13,940
10,968
11,689
9*046

1*570
1*633
1*432
1*479
1.447

62*751
67.045
66*804
65,177
63*436

14.424
14*754
16*202
13*229
11.209

29*307
34*863

55,216
59*641
51.557
3*469
6*443

1945
1946
1947
1948
1949

204.727
260.745
344*368
393*692
404*690

57,992
84,600
104,211
142,736
133*094

494
716
362
579
771

23.325
17*981
8.901
8*096
7*638

1*410
1*698
2.129
2*405
2,454

65.236
81.524
99.435
121*177
128,200

12*075
15*626
21*878
23*266
29.215

36.719
49,584
98*684
89.918
99.493

7.476
9*016
8*768
8*535
6*941

1950
1951
1952
1953
1954

469*018
563*608
619*952
701.756
757*757

151*880
204*612
226.129
249,045
258,777

1*264
2*006
1,778
979
5*329

7.659
8*065
8*144
8*543
9,328

3,321
3,610
4,038
4,280
4,297

139*987
160.503
176.116
192.955
209.892

27*965
32*529
31*446
38*528
44*796

132*634
149,915
168.794
204.532
221*840

11*422
11*146
13*102
12*446
13*556

1955

851*494

290,120

2*719

11.255

4,175

232.364

46,174

255,323

21.573

15*638

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

60*672

53*336

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Connecticut

193

Table laAll Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments

u. s.

Ycjxr
Total

Government
obligations

Obligations
of States
and political
subdivisions

1.759

Other
securities

Total

Bankers'
balances
(including
reserves)

Other
assets

Total

Cash items
in process
of collection

Currency
and
coin

905
817
971

5,401
5*517
5*935
5*765

12,083
12.671
15*175
16,075

3,709
3*921
4*325
4*111

98*082
99*847
104,526
114*492

5*987
6*337
6*581
6*345
6*600

14.001
14,719
14,075
11.890
15,610

4,149
4*160
4,213
4*488
4*926

112.725
122*202
122.724
121.654
127.354

15,531
18,701
16*801
18,644
17,805

4,972
5,356
6.243
6.708
6.884

137.003
148.000
150.841
156.341
159*231

342
364
964

8*647
11*682
12*330
14*665

18,389
19*005
22*081
23.185

11.663
12.203
11.771
11*649
11.539

836
995
861
716
739

14*986
17*048
17*965
19*931
19*852

21.079
22*546
21*674
19.145
23*072

37*090
37.417
37*817
39*755
41*248

11.800
12.873
13*074
13.176
13.647

853
938
851
958

1.512

24.437
23*606
23*892
25,621
26,089

22*828
26.279
24,881
27.392
26*689

948

6,361
6,409
7*085
7,672
7,936

1910
1911
1912
1913
191*

40*439
42*104
43.422
42.735
44*224

13.611
13*368
13.677
13.849
13.782

1.581
1*528
2.271
1.820
1.996

25*247
27*208
27*474
27*066
28*446

27*044
29*692
30*872
29.867
34*600

2*153
1*247
1.556
1.563
2.285

7,945
8*447
8.604
9*019
9.203

16*946
19,996
20,710
19,285
23,112

7.047
7,728
8.265
9,350
10*459

171*025
178*664
193,707
196,739
211,613

1915
1916
1917
1916
1919

45*924
62*543
77.016
89*741
117*706

13.766
13.622
18.014
31.438
56.621

3.706
4*134
6*656
6*535
6*476

28,448
44*787
52.146
51.768
54*609

35*207
46,543
51*098
65*031
57.163

1*694
3*293
2*118
6.084
6*902

9,304
11*921
15*086
11*543
12*816

24,209
31,329
33,894
47,404
37,443

14*050
11*703
13*546
16*724
18*045

220*188
279*977
330,634
369,055
412.523

1920
1921
1922
1923
1924

104*060
101*481
110*996
129*189
131*370

46.450
42.155
44.003
54.933
47.260

5*501
7,970
5.985
6*405
6*880

52*129
51*356
61,006
67*651
77,230

67*861
54*604
56*071
57.677
70*307

11*002
9*203
9*976
10*646
12*663

15*587
10*235
9*341
9,298
12*210

41*272
35*166
36,752
37,733
45*434

21*697
22*015
23*575
25,510
28,475

453,630
435,599
444,411
496,550
536,286

1925
1926
1927
1928
1929

138*194
143*986
157.453
167*060
156*186

42.725
41.346
38.826
36.652
37.139

6.315
7,414
7.375
6.787
5.815

89,154
95,224
111,252
123*641
113*232

72.596
74,807
81.948
74.146
81*196

15*094
13*671
15*896
14,552
15,951

13.877
13,624
13,396
10.717
10*934

43,625
47,512
52,656
48,877
54,311

31*412
32*279
31*806
36*313
39,063

590,554
637,333
690.113
751.467
789.977

1930
1931
1932
1933
1934

157*636
159*356
135*196
136*605
150.030

33*601
40.519
47.664
57,595
74.267

6.349
12.328
12.409
12.612
15*622

117*686
106,511
75*123
66*398
60*141

86.109
93.391
74*875
96*178
116*829

14*278
14,040
10,090
9*089
9*241

13.603
13,779
14,384
11*417
10*685

58,226
65.572
50.401
77.672
96*703

40*497
36*801
35.603
35*569
36*039

782.555
739,395
568*154
554,348
547,593

1935
1936
1937
1938
1939

172*601
213*046
216*187
199*874
214*691

95,762
121,585
128*955
124,629
124,529

20*165
23*734
24,649
24*623
45*042

56,674
67,727
62.583
50,622
45*120

120*740
125*298
148*455
165*964
204*811

10,712
15,015
16,491
12,868
14,957

11.922
16*151
18,764
16,512
14,793

98*106
94*132
113*200
136.584
175,061

36*716
37*506
35.190
34.023
32.969

557,664
607,717
646*224
628*493
674*025

1940
1941
1942
1943
1944

233*863
284*193
413.998
718*872
942*971

141,421
189.170
306*604
617*670
653,819

48*484
53*531
64*187
64,602
52*401

43*958
41*492
41,207
36,600
36.751

246*324
309,574
289,966
306.673
316*865

13*054
21*644
26*263
33*009
34,594

16,195
25*703
33*154
33,648
29,218

217.075
262*227
230.531
239,616
253.053

31*059
26*780
26*856
25*642
23.727

744*163
872.601
963.517
1*234*622
1,470,373

821*418
820*835
806*608

1.019*846
933.116
720*662
696.155
677.412

42.493
41*555
57*758
76*306
83,840

36.450
45*955
42*998
46,374
45*356

300.596
303*206
337*002
337,636
316*021

26,469
39*045
51,260
47,326
45*898

29,924
28*021
37,940
43,733
36,672

244*203
236*142
247,802
246,577
233*251

21.958
21,132
20.632
20,978
21,843

1,626*070
1.605*711
1*523*420
1,573*141
1,549*162

1950
1951
1952
1953
1954

851.474
874.557
925.195
908.796
890*740

694.102
689.920
721.860
691.280
671.467

114*738
140*323
157,762
176*642
178.512

42*634
44*314
45.573
40,676
40,761

298*748
390*162
467.183
444*324
463*170

61*193
77.552
121.251
105*901
94*048

29*363
34,041
<t6,580
51*046
51,125

206*192
276*569
299.352
287*377
317*997

22,667
24,973
26,084
26,974
29,370

1,641*907
1.853.300
2*036.4X4
2,081,852
2,141*037

1955

912*731

677*103

196*854

38*774

417,559

94,355

45,107

1896
1897
1898
1899

20*545
22*143
22015
26,744

10*139
10.119
9*321
11*115

1900
1901
1902
1903
1904

27*485 >
30*246
30*637
32*298
32*130

1905
1906
1907
1906
1909

1945
1946
1947
1948
1949

1*098*789
1*020*626

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1*345

1,091
1*490
1,016
910
862
936

1*169
995

1*076

2*213.608

194

Connecticut

All Commercial BanksTable la

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures i j of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Deposits

Year
Total

Interbank

1896
1897
1698
1899

51*327
53*121
59,018
68,587

5,698
5,313
6.184
6*017

1900
1901
1902
1903
1904

63*646
72*456
72*610
69,287
74.354

4,556
5,762
6*177
5*966
6.271

1905
1906
1907
1906
1909

82*474
89*990
90*289
94,809
96,353

1910
1911
1912
1913
1914

U.S.
Government

Other
demand

Other
time

1*318

43*474
45*444
50*127
58.512

1*935
2*127
2*381
2*740

1*261
1*203
1*660
1*646
1*131

55*006
61*960
61*291
57*634
62*199

2*821
3*531
3*682
4*039
4*753

5,972
5,653
6,198
6,162
6,060

708
564
816
889
538

70.941
77*186
76*356
82*496
82,641

4*853
6*587
6*917
5*262
7*114

106,467
112,892
125,742
126*455
140*918

6*464
5.725
6*553
6*087
7,828

311
309
467
245
431

90*629
95,839
103*933
102*138
111*279

9*043
11*019
14*789
17*985
21,380

1915
1916
1917
1916
1919

149,052
207*248
249,772
276,755
304,863

6,460
9,330
8.581
9,545
8,038

419
363
411
17*647
10.716

117*378
158*877
181*523
188*361
217*779

24*775
38*656
59*257
61*202
66*330

1920
1921
1922
1923
1924

344,958
316,329
335,914
382,468
425,184

10,720
9,015
9,388
9,356
9,433

2*860
4*256
1*153
2*656
1*343

239*928
200*102
216*847
230*745
256*895

91*450
102*954
108*526
139*711
157.513

1925
1926
1927
1928
1929

470,357
508*746
552*791
591,549
613,467

10,340
9,595
9,942
9,723
14,079

765
1*200
1*967
1*464
3*726

282*811
290*396
310*423
322*233
331,421

176*441
207*555
230*459
258*109
264*239

1930
1931
1932
1933
1934

613,755
590,290
437,991
438*928
447,965

18*280
22,992
16.048
16,696
21,845

3*244
4*589
2.710
6*357
11*417

325*763
303*176
218*507
214*332
219.781

266*466
259*533
198*726
199*541
194*922

1935
1936
1937
1938
1939

466,751
517.565
554,286
536,479
580,381

23*127
27,521
27,202
24,912
30,206

6*586
8,571
3*524
2*290
5*484

243*485
291*064
326*438
319*952
350,805

193*553
190*409
197*122
189*325
193*866

1940
1941
1942
1943
1944

651,888
778,150
867,739
1*135*143
1,366,266

39*526
45,894
44,227
41*413
34,096

5*726
6*474
8*002
82*520
272*574

404,655
507,119
595*394
764*766
765*846

201,981
218*663
220*116
246*444
293*750

1945
1946
1947
1946
1949

1*513*042
1*483*032
1*395*646
1*442,739
1*415,831

33,669
36*640
36*508
37,296
34*426

322*110
149,191
8*924
27,891
20*746

801*236
894,979
937*436
961,346
949,969

356*027
402*222
*12778
416*206
410,688

1950
1951
1952
19*3
1954

1*499,007
1*704,478
1,881,142
1,911*877
1,962,212

35,803
37,187
44,921
42,221
46.961

46,616
74,698
107,767
71*881
86,228

999,789
1,172,046
1,285,419
1*326,590
1*337*816

414*797
420*547
443,035
471*185
491*207

46,931

68,296

1*402*739

503*601

1955

220
237
326

Connecticut

195

Table laAll Commercial Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]

Year

Borrowings

National
bank
notes

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1696
1897
1098
1899

642
560
860
807

7.951
8.060
7*336
8*022

187
212
263
372

25.876
25.626
24*766
24*367

12*099
12.268
12.263
12*337

96*082
99*647
104,526
114*492

113
113
113
113

1900
1901
1902
1903
1904

743
686
844
1.291
1*499

9*615
10*533
9*865
10.097
10.268

269
341
270
965
868

24*710
24*536
24*588
24*611
24*505

13*742
13*650
14*347
15*403
15*660

112*725
122*202
122.724
121,654
127,354

116
117
116
119
120

1905
1906
1907
1906
1909

1*366
1*906
2*330
1*977
2*615

10.780
12.196
12*261
12.578
12*936

1*090
1*202
1*607
1*450
743

24*813
25*031
25*316
25*765
25*910

16*460
17*675
19*038
19*762
20.674

137.003
148 ,000
150*841
156*341
159*231

120
123
124
126
129

1910
1911
1912
1913
1914

3*633
2*546
3*401
3*834
3*450

12.977
12*723
13.040
13.169
13.138

823
1*154
1*114
I t 123
1*265

25*804
26.304
26*361
26*889
27.737

21.321
23.045
24*049
25*269
25.105

171*025
178*664
193*707
196*739
211*613

127
128
134
137
139

1915
1916
1917
1918
1919

3*501
3*281
7.499
15.095
23.717

12*976
12*962
12*356
12*468
12*442

1*076
2*111
3*319
5.362
7*966

27.762
28*217
28*904
29*273
30*484

25.821
26*156
28*764
30*102
33*051

220*188
279*977
330*634
369*055
412*523

142
145
143
146
132

1920
1921
1922
1923
1924

19*353
27*021
12.860
16.730
11*819

12*125
12.696
12*956
12*511
12*746

8*645
4*878
4.291
4*192
3*718

32*727
34*450
35*242
36.724
36*120

35*822
40*225
43*146
43*925
46*699

453*630
435*599
444*411
496*550
536*286

157
162
166
166
165

1925
1926
1927
1928
1929

17.089
18*324
18*252
30*185
32*126

9*699
9*786
10.097
9.604
9.754

5.152
5.453
6*535
7*075
11*895

36*566
38.578
41*060
42*940
46*490

51.689
56*446
61.376
70.114
76*245

590*554
637,333
690*113
751*467
789,977

169
171
175
177
179

1930
1931
1932
1933
1934

18*059
9.704
15.120
9*183
1.418

10.161
10.557
10.459
10.761
9*404

7.471
4.861
4*580
3*491
2.527

46*325
46*811
40*861
40*906
45*014

84.784
77,172
59*143
52*079
41*265

782*555
739*395
568*154
554*346
547,593

178
164
137
136
126

1935
1936
1937
1938
1939

842
687
609
208
105

3.306

2*893
3*098
3*307
3*093
2*948

45.371
44*711
43*872
43.760
43.480

38.701
41.656
44.150
44,953
47*111

557,664
607*717
646*224
628*493
674*025

125
123
123
123
122

1940
1941
1942
1943
1944

141
54
54
2.034
240

2*929
3*666
4*367
3.650
4*566

42*046
42*016
41*958
41*637
41*957

47.159
48,715
49.399
52.158
57.344

744,163
872*601
963*517
1*234*622
1*470*373

119
119
119
116
118

1943
1946
1947
1948
1949

1*916
1*700
1*353
165
65

5*583
7*382
7.814
7*352
7*600

41*826
42*190
42*879
43*827
43*662

63*703
71*407
75.726
79.058
81*964

1*626*070
1*605,711
1,523*420
1*573*141
1,549,162

117
116
115
116
114

1930
1931
1932
1933
1934

750
880
653
1*000
675

9*850
12.735
14.925
17*722
19.283

46*217
46*819
47*919
51*169
52*137

86.063
88*388
93.775
100.084
106*730

1,641*907
1*853*300
2*030*414
2*081*852
2*141*037

116
111
112
111
109

1933

1*263

22.224

56.497

112.057

2*213*608

103

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

196

Connecticut

National BanksTable 2

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

LK ins

-cans
Year
Total

Real
estate

All
other

Collateral

Year
Total

Real
estate

Collateral

All
other

1896
1897
1898
1899

44*827
44*398
45,211
47,992

109
118
127

122

10,950
9,836
10*597
11,439

33,755
34,453
34,496
36*426

1900
1901
1902
1903
1904

47,336
50.802
51*205
49*988
49.701

131
145
155
158
151

11*750
13013
13*978
14,239
13,566

35,455
37,644
37,072
35*591
35,984

1920
1921
1922
1923
1924

131*780
127,370
123,531
132*565
137,865

894
.982
,211
,541
339

50*282
37,833
43,494
44,434
48*485

79*604
87,555
76,826
84,590
84,041

1905
1906
1907
1908
1909

52,757
56,898
57,141
57,428
57,544

153
170
177
189
201

13,722
15,249
15,937
16,982
17,448

38,882
41*479
41*027
40,257
39,895

1925
1926
1927
1928
1929

149*971
165*626
173,625
194,510
202,817

8*252
11*851
13*687
17*198
21*726

56.996
70*075
76,057
94*186
100.112

84,723
83*700
83*881
83,126
80,979

1910
1911
1912
1913
1914

65*267
64*879
69*949
68*541
71*050

273
314
296
230
603

20*155
20*445
22,291
22*761
23*309

44,839
44,120
47,362
45,550
47,138

1930
1931
1932
1933
1934

190,989
177,453
148*912
129,739
114.745

20*318
20*882
22,227
21,040
20,216

95.124
62.196
58.249
49.584
43.941

75,547
74.375
68*436
59,115
50,588

1915
1916
1917
1918
1919

72*493
90,009
104*599
110,633
117,402

787

1,084
1,100
1,402

24*987
32*490
39*416
46,450
53*785

46,719
56,435
64,083
62,781
61*959

1935
1936
1937
1938

105*964
107*047
116*169
106,750

19,456
19,540
20,379
21*504

37.097
36.032
36,706
32,267

49,411
51,475
59,084
52,979

1*658

Loans'
Year
Total

Commercial,
industrial,
and
agricultural

For purchasing or
carrying securities
To brokers
and
dealers

Real estate

To
others

On
farm land

On
residential
property

Other

Other
loans
to
individuals

Alt
other

97,174

34,437

585

16,740

5,217

26,766

1940
1941
1942
1943
1944

100,627
111,688
103,939
79,955
78,056

36*806
44,983
42*796
28,215
30,179

141
164
91
205
204

11,875
11,038
8,691
7*505
5,721

551
577
445
500
540

18*338
20,332
21*026
20,914
19,997

5,470
5*694
6*556
4*744
3*610

12*681
12*448

27,444
28,900
24,330
5,191
5,357

1945
1946
1947
1948
1949

84*404
108,889
147,858
169,696
175*829

26,203
39*254
61,051
69*646
63,843

160
353
185
164
360

14,231
10,543
5,199
4,909
3,867

490
638
845

1,046
1*005

20*508
25*176
31*374
41*517
46*603

4*241
6,229
10,676
10,946
13,436

12*411
19,117
31*534
36*487
42*821

6*160
7*579
,994
,761
*812

1950
1951
1952
1953
1954

197,976
247*222
273*840
314,750
345*966

76,121
102,421
114,960
127*208
133,579

191

1,396
1*163
130
2t619

4,015
3,840
3*812
3*642
3*974

1*026
1*087
1*289
1*315
1*286

47,919
56,126
62*430
71.595
78*752

12,463
16*132
14,331
16,554
20,931

50,921
63,620
73,021
91,863
102*760

7,803
7*166
7,046

1955

401*003

153,766

939

5*167

1*244

92*410

21,697

117*303

14*646

1
Beginning June 30, 1948, figures for various loan items are shown
gross (i.e., before deduction of valuation reserves); they do not add to

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

,768
982

the total and are not entirely comparable with prior figures. Total loans
continue to be shown net.

Connecticut

197

Table 2National Banks

ASSETS, LIABILITIES, AND NUMBER, 1896-1955Continued


[Figures as of June 30 or nearest available date; partly estimated. Amounts in thousands of dollars]
Cash assets

Investments
Year
Total

U.S.
Government
obligations

Obligations
of States
and political
subdivisions

Other
securities

Total

Cash items
in process
of collection

Currency
and
coin

Bankers'
balances
(including
reserves)

Other
assets

Total
assets

1896
1897
1898
1899

17.254
17*833
17.283
21.574

10*070
10.071
9,255
10*865

273
295
305
407

6.911
7*467
7*723
10*302

15*811
15,374
18*398
16*652

692
540
772
999

4*675
4,656
4,989
4,713

10*444
10*178
12,637
13,140

2., 66 5
2,819
3,089
2.914

80*557
80,424
83*981
91,332

1900
1901
1902
1903
1904

21*951
23*619
24,014
24*222
24*465

11*467
12*148
11*765
11*642
11*506

396
436
465
478
492

10*086
11,035
11,784
12*102
12*465

16*655
17*259
16*986
14.741
17.313

752
940
786
768
670

5*001
5.195
5,371
5*136
5,260

10,902
11*124
10,829
6*835
11*383

2,932
2*944
2*899
2*922
3*257

86,874
94,624
95,104
91,873
94*736

1905
1906
1907
1908
1909

27*227
28*176
28.120
29*162
30,426

11*791
12*862
13*062
13,161
13*631

587
582
572
607
1*134

14*849
14*732
14,486
15*394
15*661

17.258
19.712
18*044
21*071
19,794

703
883
711
798
697

4,945
5,010
5,489
5,925
6,070

11*610
13*819
11*844
14*348
13,027

3*109
3*375
3*661
4*248
4,114

100*351
106*161
106*966
111*909
111*878

1910
1911
1912
1913
1914

28*787
29.539
30*210
29*642
29*412

13*596
13*347
13*643
13*807
13*745

1*197
843
1*372
859
429

13*994
15,349
15*195
14.976
15*236

19,473
22*353
22*447
21*245
24*567

1.387
831
1*016
1*057
1.493

5,941
6*330
6*437
6,615
6,703

12,145
15*192
14*994
13,573
16,371

4,265
4,333
4*990
5,715
6(102

117*792
121,104
127,596
125*143
131,131

1915
1916
1917
1916
1919

31*200
40*538
47*655
53*357
70,507

13*732
13,602
16,693
25*382
41,643

1*963
2,512
4,563
4,359
3,916

15,505
24,424
26*399
23*616
24,748

24,648
31*972
34,112
45,771
37.247

1.159
2,104
1*250
4*277
4.927

6*4-82
7*565
9*309
6*056
6*231

17*007
22.303
23.553
35*438
26,089

6(917
7.086
7.645
9*517
9,922

135,258
169,605
194,011
219*278
235,078

1920
1921
1922
1923
1924

56,346
56,128
57,788
65*140
65*648

32,441
31,419
30*520
36.299
32*933

2,773
2*252
1*561
1*342
1,699

23,132
22,457
25.687
27.499
31.216

43,015
32,351
33*612
33*006
40,174

8,350
6.852
7*706
8*132
9*276

7,306
5*317
4*614
4,498
5,970

27,357
20*182
21.292
20*376
24*928

12*258
10,198
10*562
10,956
13,159

245,399
226,047
225,493
241,669
257*046

1925
1926
1927
1928
1929

67,718
72*881
79,492
63*209
73*443

29,383
26,651
27*182
25.561
26*194

1*663
2*261
2.417
2*510
2*135

36.452
41*969
49(893
55,138
45,114

41,420
43,607
45,546
39,079
42,549

11*442
10*511
11*706
10*398
11*794

6,094
6*407
6,640
4*639
4*610

23,884
26*669
27*200
24,042
26,145

13,491
13*464
13(791
15,191
16(394

272,600
295,578
312,454
331*989
335*203

1930
1931
1932
1933
1934

69,611
76,563
75,409
76*239
86*185

25*021
28*714
34*092
37,970
49.053

2*683
6,407
7*135
7,522
8*421

41,907
41,442
34,182
30*747
28*711

42,254
46,277
36,773
50,233
59*496

10.473
10.735
7*841
7*068
6*666

5*396
5,690
6,198
4,817
4,564

26*385
29*852
22*734
38,348
48,264

15,365
15,576
15,995
15*816
16*428

318*219
315,869
277,089
272*029
276*854

1935
1936
1937
1938
1939

97,007
117,515
111,536
103.266
108.220

59*430
72,757
71,250
68*364
60,130

9,234
13,520
12,455
12*047
26.952

28*343
31(238
27,833
22*875
21*136

56*586
63,770
77,998
84.262
111,668

7*676
11*240
12*263
9*991
12.198

5,042
7,117
7,334
6,419
6,174

45*866
45*413
58,401
67,852
93,296

16*301
16,054
14,982
14,291
13*760

277*858
304*386
320*687
308,589
330*822

1940
1941
1942
1943
1944

128*506
154*146
212*502
378*071
516*254

75,670
100,264
160*556
330,194
474.180

33,033
36(934
34,355
33,843
27,296

19*803
16*948
17,591
14*034
14,778

124.555
154,730
154,695
172.667
176*941

10*201
15*833
20.734
26.760
28,142

8*040
10*596
14*765
14,791
12*415

106,314
128*299
119,196
131,116
136*364

12,890
12,495
11,665
11,255
10*671

366,578
433*059
482,801
641,948
781,922

1945
1946
1947
1946
1949

561,690
511,119
408*936
408*038
397,358

548*719
472*611
359,393
343,995
330*384

16.962
17,313
28,287
40*034
42*698

14,009
21.195
21*256
24*009
24,276

168*691
168*415
177.541
184*385
167,674

19,357
27,587
36*321
32*896
30,236

12*984
10*801
15*782
18,539
15,439

136,350
130,027
125*438
132.950
121,997

10*080
9,664
9*434
9.711
10,029

844,865
796,087
743,769
771,830
750,890

1950
1951
1952
1953
1954

418*996
427*235
465,120
450*163
441*953

334,890
323,507
354*986
336,674
328,548

63*295
80,801
87.835
94,376
95*026

20*811
22*927
22*297
19,111
18,377

150*405
204.596
248,492
238*102
231*762

32*426
35*201
54*570
55*480
48,443

13,166
15,056
21,013
23*259
23*629

104,791
154*337
172*909
159.363
159,490

10.356
11*644
12*251
12*280
13*209

777,733
690,697
999,703
1,015*295
1*032*890

1955

470,151

346,886

105.846

17*419

230*112

52*907

22,472

154,733

13,969

1*115,235

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

198

Connecticut

National BanksTable 2

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ASSETS, LIABILITIES, AND NUMBER, 1896-195S-ontina>d


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]

Deposits
Year
Total

1696

Interbank

5.171

U.S.
Government
220

Other

Other

time

1897
1898
1899

39845
39*874
44t938
52*126

4*616
5*478
5*604

237
326
1*316

34*376
34*936
39*041
45*109

76
81
93
97

1900
1901
1902
1903
1904

46*672
52.269
52*832
48*636
51*153

4*302
5*453
5*916
5*501
5*946

1*261
1*203
1*660
1*648
1*131

41,199
45*465
45*063
41.291
43*854

110
146
173
196
222

1905
1906
1907
1908
1909

55,864
61*127
58*876
63*595
62*524

5*462
5*206
5*663
5*664
5.163

706
564
816
889
536

49*400
55*034
51,915
56*457
55.975

274
323
482
585
828

1910
1911
1912
1913
1914

67*641
70*925
76*716
73*904
80*601

5*678
5*171
5*792
5*613
6*806

311
309
467
245
431

60*496
63.725
68*050
64*126
68*595

1.156
1*720
2*409
3*920
4*769

1915
1916
1917
1918
1919

84.912
117*906
138.054
154.777
162*237

5.752
8.260
7*339
8*324
7.323

419
363
411
14*891
9.471

73*019
95*276
111.770
113*067
125*802

5.722
13*985
16.534
18,495
19.641

1920
1921
1922
1923
1924

176.527
153.772
162.031
176*929
195*097

7.300
6.854
7.063
7.261
7*074

2*635
3*369
950
2.169
1*111

137*527
110*353
116*769
117*010
125.534

29*065
33*196
37.229
50*489
61*378

1925
1926
1927
1928
1929

212.433
230*626
244.191
255*208
258*233

7*024
7*242
7.621
7*667
7*371

715
785
826
612
1*376

135*287
141,792
146*603
145,940
150*344

69*407
80*807
89*139
100*969
99*142

1930
1931
1932
1933
1934

245*972
248 445
211*591
216*651
226*707

8*239
11*221
10*055
11*900
11*201

1*670
1*719
916
3.272
7.412

142.377
136.507
109*366
106*533
106*320

93,666
96*998
91*232
92*946
99*774

1935
1936
1937
1938
1939

234*269
262.987
278*539
266*074
287*209

11.857
14.741
13*693
12.160
15.111

4*462
5*575
2*117
1.635
3.914

120*960
150*494
166*303
164*009
178*447

97*010
92*177
94*426
88*270
89*737

1940
1941
1942
1943
1944

322*314
387*708
436*759
593*366
732*101

19*697
23.196
22.213
20*318
16.708

4.168
4.506
5*656
51.429
163*925

207*586
263*458
314*899
412*250
424.085

90*643
96*546
93,991
109*369
127*383

1945
1946
1947
1948
1949

791*466
739.730
662*645
711*216
669*177

15.926
17.474
18.493
19.369
18.172

165*991
77*549
5*440
16*640
12*701

435.755
472*635
461*658
496*139
486*541

153*794
172*072
176*654
177*070
171*763

1950
1951
1952
1953
1954

713*918
823*267
927*656
937*460
951*096

17*251
17.197
24*760
21*096
25*458

26*661
41*453
47*096
34*236
46*591

501*046
590.124
672.950
691*256
679*153

166*758
174*493
182*828
190*670
197*896

38*056

742*781

217*115

1955

1*021*856

Connecticut

199

Table 2 National Banks

n.JJEj A O, MjRAMJMJjM.

M. M.MXJt

yvnjLf

11 U1UD.U11, 4.0

.;

[Figures as of June 30 or nearest available date; partly estimate d. Amounts in thousands of dollars]

Year

National
bank
notes

Borrowings

Other
liabilities

Capital

Surplus and
other
capital
accounts

Total
liabilities
and capital
accounts

Number
of
banks

1896
1897
1896
1899

139
44
197
62

7*951
6*060
7.336
8*022

14
13
14
13

22*391
22*141
21*281
20*831

10*217
10.292
10*215
10*276

80*557
80*424
63*981
91,332

62
82

1900
1901
1902
1903
1904

156
95
205
494
496

9*615
10*533
9*865
10*097
10*266

29
49
51
79
107

20*695
20*357
20*357
20*082
19*950

11*505
11*321
11.794
12*485
12*762

88*874
94*624
95*104
91*873
94*736

83
83
83
81
80

1905
1906
1907
1906
1909

310
622
907
293
510

10*760
12*196
12*261
12*576
12*936

101
100
177
214
71

20*146
20*205
20*154
20*230
20*250

13*146
13*911
14,591
14.999
15.567

100*351
108*161
106*966
111*909
111*878

80
80
80
80
81

1910
1911
1912
1913
1914

1.121
343
825
677
503

12.977
12.723
13*040
13*169
13*136

149
160
265
77
109

19*914
19*914
19.314
19*314
19*514

15*990
17*039
17*434
18*002
17.266

117*792
121*104
127*596
125*143
131*131

79
79
78
79
76

1915
1916
1917
1916
1919

510
1>010
3*452
9*766
14*990

12.976
12.962
12*356
12*466
12.442

19
154
1*393
2*906
4*625

19*289
19*850
19*849
19*899
20*506

17,552
17.723
18,907
19*460
20.278

135*258
169*605
194*011
219,278
235*078

74
71
69
67
67

1920
1921
1922
1923
1924

9*046
13.449
3*281
5*396
2*360

12*125
12.696
12.956
12.511
12.746

5*676
1*135
674
535
476

20*631
21.307
21.607
21.282
20.307

21*390
23*688
24,944
25.016
26.056

245*399
226*047
225,493
241*669
257,046

66
64
64
62
62

1925
1926
1927
1928
1929

2*843
5*391
4*896
11*191
8*343

9.699
9*786
10*097
9.604
9*754

1*541
1*669
1*601
1*922
2*450

20*002
20*252
21*702
22*052
22*502

26,082
27,854
29*965
32*012
33*921

272*600
295,578
312*454
331.989
335.203

62
63
65
65
64

1930
1931
1932
1933
1934

4*840
2.662
6*113
904
100

10*161
10*557
10*459
10*761
9*404

1*960
1*565
2*916
1*827
1.309

21*412
21.312
20.162
20*262
22*557

33*874
31*326
25.848
21*624
16.777

318.219
315*669
277.089
272,029
276.654

62
61
58
58
54

1935
1936
1937
1936
1939

160
150
40
90

3*306

1.413
1*711
1*906
1*624
1*671

22*661
22*364
21*679
21*630
21*561

16.029
17.174
18.521
19.171
20,381

277*858
304*386
320*667
306*589
330*822

54
54
54
54
53

50

80
79

1940
1941
1942
1943
1944

10
2*006
200

1*733
2.146
1*956
1.846
2*242

21*328
21.294
21*232
20*997
21*002

21*153
21*911
22*644
23*733
26.377

366*576
433*059
482*801
641,948
781,922

52
52
52
51
51

1945
1946
1947
1946
1949

500
1*300
115
25

2*683
3.729
3.851
3*567
3*664

21*068
20*898
20*933
21*106
21.236

29.446
33.230
35*040
35*824
36,788

844,865
798,087
743,769
771,830
750*890

51
50
50
51
51

1950
1951
1952
1953
1954

300
500
300
600
150

4*384
5*515
6*856
8*445
9*773

21*511
21*983
22*833
24*593
24*807

37,620
39*432
42,058
44.197
47,062

777,733
890,697
999*703
1*015*295
1*032*890

46
47
48
46
44

1955

750

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

53*702

200

Connecticut

State Commercial BanksTable 3

ASSETS, LIABILITIES, AND NUMBER, 1896-1955


[Figures as of June 30 or nearest available date; partly estimated.

Amounts in thousands of dollars]


Loans

Loans
Year
Total
1696
1897
1698
1899

10*612
10,380
10*894

1900
1901
1902
1903
1904

Real
estate

All
other

Collateral

Year

Total

Real
estate

Collateral

All
other

1*076
1*085

5*037
4,971

12*460

1*281
1,325

5282
5.995

4,499
4>324
4*331
5,140

12.676
14*428
14.995
15.735
17,525

1*440
1*580
1,710
1.987
2*152

5.975
6.712
6*982
7.333
8.262

5,261
6.136
6.303
6.415
7,111

1920
1921
1922
1923
1924

128*212
130*129
130*238
151,609
168,269

29*600
33*875
35*788
43,775
51*216

38.779
48*689
47*758
53*118
56*990

59*833
47,565
46,692
54*716
60*063

1905
1906
1907
1908
1909

19,356
22*050
24,759
25,058
26*866

2*364
2*809
3.255
3.350
3.675

9099
10*369
11,591
11,863
13,343

7,893
8,872
9,913
9,845
9*848

1925
1926
1927
1928
1929

198.381
220,635
245.279
279,418
310*715

59.780
70.323
79.034
87*791
92*126

69.518
74,214
84,528
105.539
125*378

69*083
76*098
81*717
86*066
93*209

1910
1911
1912
1913
1914

31*228
34,261
41,199
46,246
51,280

4.201
5.193
6*632
8.150<