December 1927

882

FEDERAL RESERVE BULLETIN

DECEMBER, 1927

EARNINGS AND EXPENSES OF MEMBER BANKS
TABLE 1.—ALL MEMBER BANKS, BY CLASS OF BANK, YEARS ENDING JUNE 30, 1926 AND 1927

Amounts (in thousands of dollars)
Total

Interest earned
Other earnings
Gross earnings
Interest on deposits
Interest on borrowed money
Salaries and wages
Taxes
All other expenses _ _

State

National

1927

1926

1927

1926

1,723,487
345,383

1, 679,827
303,390

1,076,091
166,171

2,068,870

1, 983, 217

1,242,262

658,
29,
384,
106,
230,

687,021
29, 363
408, 048
109, 708
241, 061

Amounts per $100 of earning assets
National

Total

1

State

1927

1926

1927

1926

1927

1926

1927

1926

1,046,441
145, 086

647,396
179, 212

633,386
158, 304

$5.37
1.08

$5.46
.99

$5.45
.84

$5.51
.76

$5.24
•1.45

$5.39
1.35

1,191, 527

826, 608

791, 690

6.44

6.45

6.29

6.27

6.68

6.74

027
688
259
297
834

408,161
18, 342
243, 061
70, 304
142, 004

387,
19,
229,
68,
135,

797
361
688
537
844

278, 860
11, 021
164, 987
39,404
99, 057

270, 230
10, 327
154, 571
37, 760
94, 991

2.14
.09
1.27
.34
.75

2.14
.10
1.25
.35
.75

2.07
.09
1.23
.36
.72

2.04
.10
1.21
.36
.72

2.26
.09
1.33
.32
.80

2.30
.09
1.32
.32
.81

1,475, 201

1,409,106

881, 872

841, 227

593,329

567, 879

4.60

4.58

4.47

4.43

4.80

4.83

Net earnings

593, 669

574, 111

360,390

350, 300

233, 279

223,811

1.85

1.87

1.83

1.84

1.89

1.90

Losses on loans
Losses on investments
All other losses

1*20 676
37, 200
44,398

131, 227
35,963
38,447

86,497
27, 568
27, 577

93, 588
23, 775
27, 989

34,179
9,632
16,821

37 639
12,188
10,458

.38
.12
.14

43
.12
.13

.44
.14
.14

.49
.13
.15

.28
.08
.14

.32
.10
.09

202, 274
48,022

205, 637
65,934

141, 642
33,328

145, 352
43,994

60, 632
14,694

60, 285
21,940

.63
.15

.67
.21

.72
.17

.77
.23

.49
.12

.51
.19

154, 252

139, 703

108,314

101,358

45, 938

38,345

.48

.45

.55

.53

.37

.33

439,417
292, 066

434,408
279, 358

252, 076
180, 629

248, 942
173, 635

187, 341
111,437

185,466
105, 723

1.37

1.41

1.28

1.31

1.51

1.58

22, 713, 794 21,762, 725 13, 653, 645 13, 219, 438
9,388,320 8,983, 673 6, 082, 232 5, 777, 515

9,060,149
3,306,088

8, 543, 287
3, 206,158

Total expenses

_

Total olsses
Recoveries
Net losses

2

Net addition to profits
Dividends declared. _
Loans 3
Investments 3

_

Total earning assets
Capital funds

3

*

3

_

32,102,114 30,746,398 19,735,877 18,996,953 12, 366, 237 11,749,445
5, 002,474

4,722,401

3,161, 606

3, 043,282

1,840, 868

.......

1, 679,119
Other ratios 1

Earning assets per $1 of capital funds
Net profits per $100 of capital funds
Losses on loans per $100 of loans
Losses on investments per $100 of investments

$6.42
8.78

$6.51
9.20

$6.24
7.97

$6.24
8.18

$6.72
10.18

$7.00
11.05

.53
.40

.60
.40

.63
.45

.71
.41

.38
.29

.44
.38

1
These ratios are based upon data taken from the customary abstracts of reports of condition and of earnings, expenses, and dividends. I t
should be borne in mind in using them that the statistics employed represent aggregates for all member banks reporting on the various dates, and
such ratios as are shown in the tables are therefore ratios of aggregates in which figures for large banks have a statistical influence somewhat disproportionate to their number in comparison with the figures for small banks. No adjustments have been made in the underlying data for changes
during a given year in the number of banks whose reports underlie the statistics, since the figures presented are for sufficiently large groups t h a t
the results appear not to be appreciably affected by these changes.
2
Total losses charged off less recoveries on assets previously charged off.
3
Averages of amounts from reports of condition for five call dates in the fiscal year 1926 and for four call dates in the fiscal year 1927.
* Capital surplus and undivided profits exclusive of reserves for taxes, interest, etc., accrued.

Digitized for FRASER
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Federal Reserve Bank of St. Louis

December 1928

877

FEDERAL RESERVE BULLETIN

DECEMBER, 1928

EARNINGS AND EXPENSES OF MEMBER BANKS
Table 1.—ALL MEMBER BANKS, BY CLASS OP BANK, YEARS ENDING JUNE 30, 1927 AND 1928
Amounts per $100 of earning assets 1

Amounts (in thousands of dollars)
National m e m b e r
banks

All member banks

1928

Interest earned
1, 808, 769
Domestic exchanges and collec21,159
tion charges
Foreign department
27, 303
21,989
Commissions received
Trust department
.
59, 830
Profits on securities sold
107, 807
Other earnings.
_
146, 570
Gross earnings _

1927

1928

1927

1,154,523

1, 076,091

654, 246

17,262
13,435
997
16,158
59, 261
81, 927

16,206
13, 761
1,015
10, 807
52, 655
71, 727

3,897
13,868
20,992
43,672
48, 546
64, 643

|

1, 723, 487
20, 549 S
32, 262
17, 969 •
47,838
90, 945
135,820

All member
banks

State member banks

1928

National
member
banks

State member
banks

1928

1927

1928

1927

1928

1927

647, 396

$5.30

$5.37

$5.40

$5.45

$5.12

$5.24

4,343
18, 501
16, 954
37, 031
38. 290
64^ 093

.06
.08
.06
.18
.32
.43

.06
.10
.06
.15
.28
.42

.08
.06
.08
.28
.38

.08
.07
.01
.05
.27
.36

.03
.11
.16
.34
.37
.51

.04
.15
.14
.30
.31
.52

1927

2,193,427

2,068, 870

1,343, 563

1,242, 262

849, S64

826, 608

6.42

6.44

6.29

6.29

6.65

6.68

737, 716
29, 785
430,099
110, 486
255,252

687,021
29,363
408,048
109, 708
241,061

452,098
18, 612
262,406
68, 723
155, 292

408,161
18, 342
243,061
70, 304
142,004

285, 618
11,173
167, 693
41, 763
99, 960

278., 860
11,021
164, 987
39, 404
99,057

2.16
.09
1.26
.32
.75

2.14
.09
1.27
.34
.75

2.12
.09
1.23
.32
.73

2.07
.09
1.23
.36
.72

2.23
.09
1.31
.33
.78

2.26
.09
1.33
.32
.80

1, 563,338

1,475, 201

957,131

881, 872

606, 207

593, 329

4.58

4.60

4.48

4.47

4.74

4.80

Net earnings

630,089

593,669

386,432

360, 390

243, 657

233,279

1.85

1.85

1.81

1.83

1.91

1.89

Losses on loans
Losses on investments
All other losses

123,123
41,069
47, 595

120,676
37,200
44,398

92,087
29,152
31, 731

86,497
27, 568
27,577

31,036
11,917
15, 864

34,179
9,632
16,821

.36
.12
.14

.38
.12
.14

.43
.14
.15

44
!l4

.24
.09
.12

.28
.08
.14

Total losses
Recoveries

211,787
52,048

202 274
48,022

152,970
36,460

141,642
33, 328

58, 817
15, 588

60, 632
14, 694

.62
.15

.63 '
.15

.72
.17

.72
.17

.46
.12

.49
.12

Interest on deposits
Interest on borrowed money
Salaries and wages—
_ _.
Taxes
All other expenses
_.
Total expenses

Net losses 2._

_

Net additions to profits
Dividends declared
Loans"
Investments 3

154,252

116, 510

108,314

43,229

45,938

.47

.48

.55

.55

.34

.37

439,417
292,066

269,922
205, 219

252,076
180, 629

200,428
119,075

187,341
111,437

1.38

1.37

1.26

1.28

1.57

1.51

14, 545,103 13,653,645
6, 822,194 6,082,232

9,305,252
3,474, 986

9,060,149
3, 306,088

23, 850,355 22,713, 794
10 297 180 9,388,320
3

Earning assets __
Capital funds

159,739
470, 350
324,294

3i

__ 34,147, 535 32,102,114 21,367,297 19, 735, 877 12,780,238 12,366,237 i
5, 362,391

5,002,474

3,388,848

3,161, 606

1, 973, 543

1, 840, 868

" |l" "
Other ratios }

Earning assets per $1 of capital funds
Net profits per $100 capital funds
Losses on loans per $100 of loans
Losses on investments per $100 of investments

___

$6.37
8.77
I . 52
j .40

$6. 72
10.18

1
These ratios are based upon data taken from the customary abstracts of reports of condition and of earnings, expenses, and dividends. It
should be borne in mind in using them that the statistics employed represent aggregates for all member banks reporting on the various dates, and
such ratios as are shown in this and the follovying tables are therefore ratios of aggregates in which figures for large banks have a statistical influence
somewhat disproportionate to their number in comparison with the figures for small banks. No adjustments have been made in the underlying
data for changes during a given year in the number of banks whose reports underlie the statistics, since the figures presented are for sufficiently
large2 groups that the results appear not to be appreciably affected by these changes.
Total losses charged off less recoveries on assets previously charged off.
3
Averages of amounts from reports of condition for 4 call dates (Jun3 30, 1926, to June 30, 1927), and for 5 call dates (June 30, 1927, to June 30,
1928).
* Capital surplus and undivided profits less reserves for taxes, interest, etc., accrued.

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

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