ANNUAL REPORT OF THE Comptroller of the Currency FOR THE YEAR ENDED OCTOBER 31, 1934 UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1935 For sale by the Superintendent of Documents J^ashington, D.C. Price. $1.50 (Cloth) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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Annual Report of the Comptroller of the Currency 1934
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ANNUAL REPORT OF THE
Comptroller of the CurrencyFOR THE YEAR ENDED
OCTOBER 31, 1934
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1935
For sale by the Superintendent of Documents J^ashington, D.C. Price. $1.50 (Cloth)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TREASURY DEPARTMENT
Document No. 3068
Comptroller of the Currency
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PageSubmission of the report 1Discussion of conditions incident to the banking holiday 1-7Suggestions for legislation 7-15National banks in the trust field:
Statement relative to 17, 18Fiduciary activities of, during year ended June 30, 1934, segregated
according to capital 19, 20Fiduciary activities of, during year ended June 30, 1934, segregated
according to population of places in which banks were located 20-23Fiduciary activities of, by Federal Reserve districts, June 30, 1934__ 24Classification of investments in living and court trust accounts under
administration by the active national-bank trust departments, onJune 30, 1934, segregated according to capital of banks and popu-lation of places in which banks were located 25
Classification of investments in living and court trust accounts underadministration by the active national-bank branches with trustdepartments on June 30, 1934, segregated according to populationof places in which branches were located 26
Fiduciary activities of branches of national banks during year endedJune 30, 1934, segregated according to population of places inwhich branches were located 27, 28
National-bank failures:Statement relative to 29-31Receiverships, year ended October 31, 1934 31, 32Receiverships, 1865-1934 33, 34Active receiverships as of October 31, 1934 34, 35Receiverships terminated, year ended October 31, 1934 35, 36Receiverships terminated, 1865-1934 36, 37Total liquidation operations, year ended September 30, 1934 37, 38Summary showing progress and results of liquidation of all national
banks placed in charge of receivers from 1865 to October 31, 1934.- 38, 39Capital, date of appointment of receiver, and percent of dividends paid
by insolvent national banks, the affairs of which were closed orrestored to solvency during year ended October 31, 1934 40-42
State bank failures in the District of Columbia:Receiverships, year ended October 31, 1934 43, 44Active receiverships as of October 31, 1934 44
Unlicensed national banks:Status as of March 16, 1933 44, 45Administration of unlicensed national banks, January 1 to October 31,
1934 45,46Administration of unlicensed national banks, March 16,1933, to Octo-
ber 31, 1934 47, 48Organization and liquidation of national banks, year ended October 31,
1934, and since establishment of system 49-51Organization of banks other than national in District of Columbia:
Industrial Bank of Washington 51Executive order authorizing formation of Export-Import Bank of
Washington 51-53Executive order authorizing formation of Second Export-Import Bank
of Washington, D. C 53-55Branches of national banks:
Statement relative to 55Number and kind of branches on February 25, 1927, and number and
manner of acquisition of additional branches, by years to close ofOctober 31, 1934 56
Number and kind of branches authorized and closed during year endedOctober 31, 1934 56
in
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rv CONTENTS
Branches of national banks—Continued. PageNumber and manner o:: acquisition of domestic branches during year p
ended October 31, 1£34, by States 57, 58Number and class of domestic branches closed during year ended Octo-
ber 31, 1934, by States 59, 60National-bank circulation:
Statement relative to 60, 61Statement of capital stock of national banks, national-bank notes,
and Federal Reserve oank notes outstanding, bonds on deposit, etc.,July 2, 1934 61, 62
Bond transactions relative to, year ended October 31, 1934 62, 63Banks issuing and not :ssuing circulation June 30, 1934 63
Redemption of national and Federal Reserve bank circulation, year endedJune 30, 1934 64
Condition of national banks at date of each call during year ended October31, 1934 64-66
Principal items of assets and liabilities of national banks, October 17, 1934_ 67, 68National-bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31, 1934 69Loans and discounts of national banks:
Classification of, June 30, 1932, 1933, and 1934 70Classification of, by reserve cities and States, June 30, 1934 71-75Comparative statement of, as of June 30, for the last 3 years, in
central reserve and other reserve cities, all reserve cities andelsewhere 76
Comparative changes in demand and time deposits, loans and discounts,United States Government and other bonds and securities owned, andthe amount of reserve of national banks with Federal Reserve bankssince June 30, 1930 76
United States Government securities and securities guaranteed by UnitedStates as to interest and/or principal, reported by licensed nationalbanks:
Classification of, by reserve cities and States, June 30, 1934 77-81Investments of national banks:
Comparison of, June 30, 1932, 1933, and 1934 82United States Government, domestic, and foreign bonds, securities, etc.,
held by licensed national banks:Classification of, by reserve cities and States, June 30, 1934 83-87
Earnings and dividends of national banks:Summary of, year ended June 30, 1933, and 6 months ended December
31, 1933 . 88-89National-bank investments in United States Government and other bonds
and securities, etc., loans and discounts, and losses charged off onaccount of bonds and securities owned and loans and discounts, yearsended June 30, 1918 to 1933, and 6 months ended December 31, 1933__ 89
Number of national banks, capital, surplus, net addition to profits, divi-dends, and percentage radios, 'years ended June 30, 1914 to 1933, and 6months ended December 31, 1933 90
National banks classified according to capital stock, December 30, 1933:Number, loans and discounts, investments, total assets, capital, sur-
plus and undivided profits, circulation outstanding and totaldeposits of 91
Federal Reserve banks:Assets and liabilities of the 12 Federal Reserve banks combined, as of
the last weekly statement date in October 1932 to October 1934 91Principal assets and liabilities of the 12 Federal Reserve banks com-
bined, on the last weekly statement date in each month, fromJanuary 1932 to October 1934 92
New York Clearing House:Statement relative to transactions of, year ended September 30, 1934_ 93
Clearing-house associations in the 12 Federal Reserve bank cities and else-where:
Statement relative to transactions of, year ended September 30, 1934_ 93
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CONTENTS V
All active licensed banks, June 30, 1934: PageSummary of reports of condition of, by classes of banks 94-96Assets and liabilities of, by States 97-105*Assets and liabilities of, June 30, 1930 to 1934 106Principal items of assets and liabilities of, in the continental United
States, as compared with similar data for member banks of theFederal Reserve System 107
Per capita demand and time and savings deposits, by States 107, 108Savings desposits and depositors, according to classes of banks, by
States 109-114National banks, assets and liabilities of, June 30, 1930 to 1934 115Banks other than national:
List of officials of State banking departments and number of eachclass of licensed banks under their supervision in June 1934, fromwhich reports of condition were received 116, 117
Assets and liabilities of, June 30, 1930 to 1934 118State (commercial), assets and liabilities of, June 30, 1930 to 1934__. 119Loan and trust companies, assets and liabilities of, June 30, 1930 to
1934 120Stock savings:
Assets and liabilities of, June 30, 1930 to 1934 121Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1933 and 1934_. 122Mutual savings:
Assets and liabilities of, June 30, 1930 to 1934 123Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1933 and 1934__ 124Stock and mutual savings, number of savings depositors, amount of
savings deposits, and average amount due each depositor, June 30,1914 to 1934 . 125
Private:Assets and liabilities of, June 30, 1930 to 1934 126Statement relative to, not under State supervision, and required
under section 21 (a) of the Banking Act of 1933 to report toComptroller-. 126, 127
Banks in District of Columbia:Assets and liabilities of, by classes, June 30, 1934 127-129Assets and liabilities of national banks in, June 30, 1930 to 1934 130Assets and liabilities of loan and trust companies in, June 30, 1930 to
1934 131Assets and liabilities of savings and State banks in, June 30, 1930 to
1934 132Number of depositors and amount of deposits in, according to size and
class of deposit balances, October 25, 1933 132, 133Dormant accounts, etc., in, October 25, 1933 133Earnings and dividends of, other than national, 6-month periods
ended December 31, 1933, and June 30, 1934, and comparison of, inyears ended June 30, 1933 and 1934 134, 135
Building and loan associations in District of Columbia:Statement relative to 135Number of, loans, installments on shares, and total assets, years
ended June 30, 1914 to 1934 136Credit unions in District of Columbia, list of 136, 137Export-import banks in—
Statement relative to 137Assets and liabilities of, October 17, 1934 138
Building and loan associations in the United States:Statistics relative to, by States, year ended 1933 138, 139Mortgage loan investments held by, in 1932 and 1933, by States 139Failures of, each year, 1920 to 1933 140
Money in the United States:Stock of, years ended June 30, 1914 to 1934 140Imports and exports of merchandise, gold and silver, calendar years
1914 to 1933, and from January 1 to September 30, 1934 141,142Governmental corporations and credit agencies of the United States, con-
solidated statement of assets and liabilities of, September 30, 1934 143, 144Reconstruction Finance Corporation, statement of condition of, September
30 1934 145-148Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
VI CONTENTS
Farm Credit Administration: PageConsolidated statement of condition of, October 31, 1934 149, X50Federal land banks, consolidated statement of condition of, Sep-
dition of, September 30, 1934 151Joint-stock land banksi, statement relative to 151, 152
Federal Home Loan Bank System:Consolidated statement of assets and liabilities of, October 31,1934_ 152, 153Home Owners' Loan Corporation, summary of operations of, from
date of organization to close of business November 29, 1934 153, 154Federal Deposit Insurance Corporation:
Preliminary condensed balance sheet, June 30, 1934 154Preliminary condensed statement of net operating expenses and losses
to June 30, 1934 155Preliminary statement of statistical data, with respect to 155Insured accounts and insured deposits, by States, for insured com-
mercial banks as of October 1, 1934 156Preliminary summary of certified statements to, as of October 1,1934_ 157
Number of depositors and amount of deposits in national banks, accordingto size and class of deposit balances, October-25,1933 158-160
Dormant accounts, etc., in national banks, October 25, 1933 158-160Pacific National Agricultural Credit Corporation, statement of assets and
liabilities of, October 17, 1934 160United States Postal Savings System:
Statistics relative to activities of, years ended June 30, 1933, and1934 161-166
School savings banking:Statistics relative to, in each State, in school years 1932-33 and
1933-34, and summary each school year since 1919-20 167, 168Expenses of the Currency Bureau:
Summary of, in the fiscal year ended June 30, 1934 169
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APPENDIXTABLES
PageNo. 1. Comptrollers and Deputy Comptrollers of the Currency 173No. 2. Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, October 31, 1934 173-175No. 3. Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existenceOctober 31, 1934 175
No. 4. Authorized capital stock of national banks on the first day of eachmonth from January 1, 1930, to November 1, 1934, UnitedStates bonds on deposit to secure circulation, circulation se-cured by bonds on deposit, the amount of lawful money on de-posit to redeem circulation, and national-bank notes outstand-ing 176
No. 5. National banks reported in liquidation from November 1, 1933,to October 31, 1934, the names, where known, of succeedingbanks in cases of succession, with date of liquidation and capi-tal 177-185
No. 6. Capital stock, surplus, undivided profits, and total assets of banksconsolidated under act of November 7, 1918, as amended Feb-ruary 25, 1927, and June 16, 1933, for the year ended October31, 1934, as shown by their last reports prior to consolidation._ 186
No. 7. National banks consolidated under act of November 7, 1918, asamended June 16, 1933, capital, surplus, undivided profits, andtotal assets, year ended October 31, 1934 187
No. 8. State banks and national banks consolidated under act of Feb-ruary 25, 1927, as amended June 16, 1933, their consolidatedcapital, surplus, undivided profits, and total assets, year endedOctober 31, 1934 188
No. 9. Number and capital of State banks converted into national bank-ing associations in each State and Territory from 1863 to Oc-tober 31, 1934 189
No. 10. Conversions of State banks and primary organizations as nationalbanks from March 14, 1900, to October 31, 1934 189
No. 11. Number of national banks increasing their capital, together withthe amount of increase monthly for years ended October 31,since 1929 190
No. 12. Number and authorized capital of national banks chartered andthe number and capital stock of banks closed in each year endedOctober 31, since 1913, with the yearly increase or decrease 191
No. 13. Total number of national banks organized, consolidated under actof November 7, 1918, as amended June 16, 1933, insolvent, involuntary liquidation, and in existence on October 31, 1934__ _ 191, 192
No. 14. Changes of corporate title of national banks, year ended October31, 1934 192, 193
No. 15. Changes of corporate title incident to consolidations of nationalbanks and of State banks with national banks, year endedOctober 31, 1934 193
No. 16. National banks chartered during year ended October 31, 1934... 193-202No. 17. National banks for which increase of capital has been authorized,
under act March 9, 1933, as amended, by the issuance of pre-ferred stock which was purchased by the Reconstruction FinanceCorporation unless otherwise noted, together with the amountof increase and the rate of dividend, etc., to close of businessOctober 31, 1934 202-236
VII
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VIII CONTENTS
No. 18. National banks chartered which are conversions of State banksduring year ended October 31, 1934 236
No. 19. National banks, by States and geographical divisions, organized,failed, and reported in voluntary liquidation during year endedOctober 31, 1934 237-239
No. 20. Number and classification cf national banks chartered monthlyduring year ended October 31, 1934 240
No. 21. Principal items of assets and liabilities of licensed national banks,classified according to capital stock, December 30, 1933 240-248
No. 22. Number and deposits of licensed national banks at close of busi-ness May 13, 1933, by Federal Reserve districts 249-251
No. 23. Number of depositcrs and amount of deposits of licensed nationalbanks, grouped according to size and class of total balances,October 25, 1933 252-271
No. 24. United States bonds on deposit to secure circulating notes ofnational banks on October 31, 1910 to 1934 272, 273
No. 25. Profit on national-bank note circulation, based upon a deposit of$100,000 United States consols of 1930, and Panama Canalloan, at the average net price, monthly, during year endedOctober 31, 1934 274
No. 26. Investment value of United States bonds—Panama Canal bondsand 2's of 1930 275
No. 27. United States bonds—Monthly range of prices in New York,November 1933 to October 1934 275
No. 28. Number, capital stock, and circulation outstanding of licensednational banks issuing circulating notes, together with thenumber and capital stock of national banks not issuing circulat-ing notes, June 30, 1934, by Reserve cities and States 276-278
No. 29. National-bank notes issued, redeemed, and outstanding, bydenominations and amounts, on October 31, each year, 1931 to1934 279
No. 30. National-bank currency issued to banks monthly from November1, 1933, to October 31, 1934, and since 1863 280
No. 31. National-bank notes received monthly for redemption during yearended October 31, 1934 ., 280
No. 32. National-bank notes received at Currency Bureau and destroyedsince establishment of System 281
No. 33. National-bank notes issued during each year 1914-34, national-bank notes of active, insolvent, and liquidated banks destroyed,total destructions for each year, and percentage of destructionsto issues 281
No. 34. Amount, denomination, and cost of national-bank currencyreceived from Bureau of Engraving and Printing, year endedOctober 31, 1934 282
No. 35. Vault account of currency received and issued by CurrencyBureau during year, and the amount on hand October 31, 1934_ 282
No. 36. Vault account of currency received and destroyed during yearended October 31, 1934 282
No. 37. Amount of currency received for redemption, by months, fromJuly 1, 1933, to June 30, 1934, and counted into the cash of theNational Bank Redemption Agency 282
No. 38. Amount of currency received, by the National Bank RedemptionAgency for redemption in year ended June 30, 1934, from prin-cipal cities 283
No. 39. Cost of redemptior. of national-bank notes during year endedJune 30, 1934 283
No. 40. Classification of Federal Reserve currency redemptions, theamount redeemed, number of notes, cost of redemption per1,000 notes, and a.mount assessed upon Federal Reserve banks,year ended June 30, 1934 283,284
No. 41. Taxes assessed on national-bank circulation, years ended June30, 1864-1934; cost of redemption, 1874-1934; and assessmentsfor cost of plates, etc., 1883-1934 284
No. 42. Federal Reserve notes outstanding according to weekly statements(amount issued by Federal Reserve agents to Federal Reservebanks less notes redeemed), and collateral security therefor,from November 1, 1933, to October 31, 1934 285
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CONTENTS IX
No. 43. Federal Reserve notes, segregated by series, printed, shipped, and Pagecanceled, issued to banks, retired, and destroyed since organiza-tion of the banks, with the balance in vaults and amount out-standing October 31, 1934 286-288
No. 44. Aggregate amount of Federal Reserve bank notes, old series,printed, issued, canceled, and redeemed, by denominations,since the inauguration of the Federal Reserve System, andamount outstanding, October 31, 1934 288
No. 44-A. Aggregate amount of Federal Reserve bank notes, series 1929,printed, shipped, and on hand; issued, retired, and outstand-ing; received for destruction by denominations, during periodMarch 9, 1933, to October 31, 1934, under the terms of section18, Federal Reserve Act, as amended March 9, 1933 289
No. 45. National banks in charge of receivers during year ended October31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividendspaid while solvent, lawful money deposited with Treasurer ofthe United States to redeem circulation to October 31, 1934, cir-culation outstanding, borrowed money, and total deposits atdate of failure 290-331
No. 45-A. District of Columbia State chartered banks and banks incor-porated under the laws of the District of Columbia, under thesupervision of the Comptroller of the Currency, in charge ofreceivers during year ended October 31, 1934, dates of organi-zation and appointment of receivers, capital at date of organi-zation and at date of failure, dividends paid while solvent,borrowed money and total deposits at date of failure 332
No. 46. National banks in charge of receivers during year ended October31, 1934, dates of appointment of receivers and final closing,with nominal amounts of total assets at date of failure andadditional assets acquired subsequent thereto, capital stock andstock assessments, amounts collected from all sources, includingoffsets allowed and earnings, together with the disposition ofsuch collections, and various other data indicating the progressor results of liquidation to October 31,1934 334- 449
No. 46-A. District of Columbia State chartered banks and banks incor-porated under the laws of the District of Columbia, under thesupervision of the Comptroller of the Currency, in charge ofreceivers during year ended October 31, 1934, dates of appoint-ment of receivers and final closing, with nominal amounts oftotal assets at date of failure and additional assets acquiredsubsequent thereto, capital stock and stock assessments,amounts collected from all sources, including offsets allowedand earnings, together with the disposition of such collections,and various other data indicating the progress or results ofliquidation to October 31,1934 450,451
No. 47. National banks restored to solvency after having been placed incharge of receivers 452, 453
No. 48. National banks restored to solvency which subsequently becameinsolvent . 454
No. 49. Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including dis-tributions by conservators as reported by receivers, duringyear ended October 31,1934 454-475
No. 50. National banks placed in charge of receivers, the affairs of whichhave been closed, by years, from April 14, 1865, to October 31,1934, with amounts of total nominal assets, capital stock,circulation outstanding, and total deposits at date of failure,together with various data indicating the results of liquidation,for those receiverships closed through liquidation 476-479
No. 51. National banks placed in charge of receivers, the affairs of whichhave been closed, by States, from April 14, 1865, to October31, 1934, with amounts of total nominal assets, capital stock,circulation outstanding, and total deposits at date of failure,together with various data indicating the results of liquida-tion, for those receiverships closed through liquidation 480-483
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No. 52. National banks unlicensed as of March 16, 1933, subsequentlyplaced in charge of conservators and remaining in charge ofconservators as of January 1, 1934, dates of and capital atorganization, capital, assets, deposits, and borrowed moneyas indicated by conservators' first reports, dates of appoint-ments of receivers and conservators, and of licenses issued toresume business, including data as to banks otherwise inliquidation, and amounts of deposits released through reorgan-izations and sales of assets to October 31, 1934 484-503
No. 52-A. District of Columbia State chartered banks and banks in-corporated under the laws of the District of Columbia,unlicensed as of March 16, 1933, subsequently placed incharge of conservators and remaining in charge of con-servators as of January 1, 1934, dates of and capital atorganization, capital, assets, deposits, and borrowed moneyas indicated by conservators' first reports, dates of appoint-ments of receivers and conservators, including data as tobanks otherwise in liquidation and amounts of deposits re-leased through reorganizations and sales of assets to October31, 1934 504
No. 53. Dates of reports of condition of national banks from 1914 to1934 505
No. 54. Condition of foreign branches of National City Bank and ChaseNational Bank, of New York, N. Y., First National Bank ofBoston, Mass., and Bank of America National Trust & SavingsAssociation, San Francisco, Calif., on June 30, 1934 506-511
No. 55. Number, capital stock, circulation outstanding, and total assets ofnational banks at date of each report from April 6, 1925, toOctober 17, 1934, together with the total amount of moneyin the United States on June 30 of each year, and the per-centage of national-bank circulation to capital, to assets, andto money in the country 512
No. 56. Abstract of reports of condition of licensed national banks in thecentral reserve cities of New York and Chicago, in otherreserve cities, and elsewhere, at close of business October 17,1934 513, 514
No. 57. Abstract of report;* of condition of licensed national banks incentral reserve and other reserve cities and country banks June30, 1934 514,515
No. 58. Classification of amounts "due from" and "due to" banks re-ported by licensed national banks, June 30, 1934 516-519
No. 59. Classification of demand and time deposits of licensed nationalbanks, June 30, 1934 520-523
No. 60. Classification of bills payable and rediscounts of licensed nationalbanks, June 30, 1934 524-526
No. 61. Classification of cash in vaults of licensed national banks, June 30,1934 527, 528
No. 62. Gold and silver coin, certificates, legal tenders, and other currencyheld by national banks at date of each call from April 6, 1925,to October 17, 1934 529
No. 63. Gold, etc., held by national banks in the central reserve city ofNew York at date of each call from April 6,1925, to October 17,1934 530
No. 64. Reserve computation of| licensed national banks, June 30, 1934_ 531-535No. 65. Total assets and liabilities of national banks from March 1930 to
October 1934 536-541No. 66. Abstract of reports of condition of national banks, according to
reserve cities and States, at date of each call during year endedOctober 31, 1934 543-657
No. 67. Abstract of reports of condition of private banks not under Statesupervision as of June 30 and October 17, 1934, by States.. 658-666
No. 68. Abstract of reports of condition of licensed national banks in eachFederal Reserve district, June 30, 1934 667-669
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CONTENTS XI
No. 69. Abstract of reports of earnings and dividends of licensed national Pagebanks for the period of 6 months ended December 31, 1933- 670-680
No. 70. Abstract of reports of earnings and dividends of licensed nationalbanks, by Federal Reserve districts, 6 months ended December31, 1933 681,682
No. 71. Abstract of reports of earnings and dividends of licensed nationalbanks for the period of 6 months ended June 30, 1934 683-693
No. 72. Abstract of reports of earnings and dividends of licensed nationalbanks, by Federal Reserve districts, 6 months ended June 30,1934 694, 695
No. 73. Abstract of reports of earnings and dividends of licensed nationalbanks for the year ended June 30, 1934 696-706
No. 74. Abstract of reports of earnings and dividends of licensed nationalbanks, by Federal Reserve districts, year ended June 30,1934__ 707, 708
No. 75. Abstract of reports of licensed savings and State banks in theDistrict of Columbia at date of each call during year endedOctober 31, 1934 709
No. 76. Abstract of reports of licensed loan and trust companies in theDistrict of Columbia at date of each call during year endedOctober 31, 1934 710
No. 77. Principal items of assets and liabilities of each licensed savingsand State bank in the District of Columbia, October 17, 1934.-_ 711
No. 78. Principal items of assets and liabilities of each licensed loan andtrust company in the District of Columbia, October 17, 1934__ 712
No. 79. Principal items of assets and liabilities of savings and State banksin the District of Columbia on or about October 1,1914, to 1934_ 713
No. 80. Principal items of assets and liabilities of loan and trust com-panies in the District of Columbia on or about October 1, 1914,to 1934 713
No. 81. Individual statements of assets and liabilities of the 28 buildingand loan associations in the District of Columbia on or aboutJune 30, 1934 714, 715
No. 82. Summary of assets and liabilities December 30, 1933, and receiptsand disbursements in the 6 months ended December 31, 1933,of the 28 building and loan associations in the District of Co-lumbia 716
No. 83. Summary of assets and liabilities, June 30, 1934, and receipts anddisbursements in the 6 months ended June 30, 1934, of the 28building and loan associations in the District of Columbia 717
No. 84. Individual statements of assets and liabilities of the 22 creditunions in the District of Columbia, June 30, 1934 718
No. 85. Summary of assets and liabilities, December 30, 1933, and receiptsand disbursements in the 6 months ended December 31, 1933,of the 18 credit unions in the District of Columbia 719
No. 86. Summary of assets and liabilities, June 30, 1934, and receipts anddisbursements in the 6 months ended June 30, 1934, of the 22credit unions in the District of Columbia 719
No. 87. Abstract of assets and liabilities of licensed State (commercial)banks June 30, 1934 720-727
No. 88. Abstract of assets and liabilities of licensed loan and trust com-panies June 30, 1934 728-735
No. 89. Abstract of assets and liabilities of licensed stock savings banksJune 30, 1934 736-739
No. 90. Abstract of assets and liabilities of licensed mutual savings banksJune 30, 1934 740-743
No. 91. Abstract of assets and liabilities of licensed private banks June 30,1934 744-747
No. 92. Abstract of assets and liabilities of licensed State (commercial),savings, and private banks, and loan and trust companiesJune 30, 1934 748-755
No. 93. Abstract of assets and liabilities of licensed national banks June30, 1934 756-763
No. 94. Supplemental abstract of assets and liabilities of private banksnot under State supervision June 30, 1934 764-767
No. 95. Abstract of assets and liabilities of all active State and privatebanks on or about June 30, each year, 1914 to 1934 768
No. 96. Abstract of assets and liabilities of all active national banks on orabout June 30, each year, 1914 to 1934 769
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XII CONTENTS
No. 97. Abstract of assets and liabilities of all active banks on or aboutJune 30, each year, 1914 to 1934 770
No. 98. Statement of the transactions of the New York Clearing Housefor 81 years, and separately for each year, 1914 to 1934, thenumber of banks, aggregate capital, clearings, balances, aver-age daily clearings and balances, and the percentage of balancesto clearings 771
No. 99. Exchanges, balances, percentages of balances to exchanges, andpercentages of funds used in settlement of balances by theNew York Clearing House in each year from 1914 to 1934 771
No. 100. Exchanges of the clearing houses of the United States for eachyear ended September 30, 1914, to 1934 772
No. 101. Comparative statement of the exchanges of the clearing housesof the United States for the years ended September 30, 1934,and 1933 772-775
No. 102. Comparative statement of transactions of clearing house asso-ciations in the 12 Federal Reserve bank cities and in othercities with transactions of $1,000,000,000 and over in yearsended September 30, 1934, and 1933 776
No. 103. Number, capital, deposits, and total assets of licensed and un-licensed national banks, by Federal Reserve districts, March 5,June 30, and October 17, 1934 776-781
No. 104. Bank suspensions, by States, January 1 to March 15, 1933__ 782, 783No. 105. Bank suspensions, 1864 to 1933 784No. 106. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, March 16 to June 30, 1933 785, 786No. 107. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, July 1 to December 31, 1933 787, 788No. 108. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, January 1 to June 30, 1934 789, 790No. 109. Bank suspensions and nonlicensed banks placed in liquidation
or receivership, by States, in year ended June 30, 1934 791, 792No. 110. Bank suspensions, March 16 to June 30, 1933, and year ended
June 30, 1934 .—-.-.-.- .—.-- r 7 9 3
TABLE L. Statements of assets and liabilities of the individual licensed nationalbanks (and private banks not under State supervision) at close ofbusiness December 31, 1934, arranged alphabetically by States,Territories, and towns. (Omitted from this report and publishedas a separate table.)
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REPORT
OF THE
COMPTROLLER OF THE CURRENCY
TREASURY DEPARTMENT,OFFICE OF THE COMPTROLLER OF THE CURRENCY,
WashingtonJ D. C.} January 3, 1935.SIR: I have the honor to submit the following report, in accordance
with the provisions of section 333 of the United States Revised Stat-utes, covering the activities of the Bureau of the Comptroller of theCurrency during the year ended October 31, 1934. This Bureau wasorganized under an Act of Congress passed February 25, 1863. Thisis the seventy-second report made to Congress since the organizationof the Bureau.
The Bureau of the Comptroller of the Currency has operated ata profit. For the fiscal year ended June 30, 1934, national bankspaid a tax on circulation amounting to $4,518,904. The amountpaid out from Congressional appropriations amounted to $642,333,leaving a profit to the Government of $3,876,571.
There is little evidence remaining of the collapse in March 1933 ofthe banking structure of the Nation. The entire system has beenrebuilt. The seriousness of the situation was apparent to the Presi-dent and to Congress. The never-to-be-forgotten proclamation ofthe President declaring a banking holiday, his request to Congressfor remedial legislation, and the immediate and patriotic response ofCongress, are familiar to all. The credit for the remarkable restora-tion of the banking structure of the Nation as shown in this reportmust go to the President, who devised the plan for rehabilitation, andto Congress which immediately adopted it and provided sufficientappropriations to carry it to a successful conclusion.
The execution of the Emergency Banking Act was entrusted to theTreasury Department, and particularly to the Bureau of the Comp-troller of the Currency. The various steps taken to put into effectthe provisions of the act are set forth in detail in the report of theComptroller of the Currency for 1933.
Since the banking holiday, three main problems have confrontedthis Bureau: First, the task of reopening 1,417 banks under the juris-diction of the Bureau which were not licensed at the conclusion ofthe banking holiday (this Bureau has jurisdiction over all nationalbanks and all banks, State or National, located in the District ofColumbia); secondly, the distribution of dividends to depositors inreceivership banks; and, thirdly, the approval of the sale of preferredstock by national banks. The first and third of these problems wereentirely new to the Comptroller's Office.
These 1,417 unlicensed banks under the jurisdiction of the Comp-troller of the Currency had a deposit liability of $1,971,960,000.
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All except five of these have been either reopened, voluntarily liqui-dated, or placed in receivership.1 These 5 banks have $6,438,000 indeposits, or three-tenths of 1 percent of the total deposits in the 1,417banks and all 5 of them have plans approved for reorganization.A brief summary of the disposition of these 1,417 banks may proveinteresting: 1,088 banks, with deposits of $1,802,086,000, werereorganized under old or new charters, or absorbed by other nationalbanks; 30 banks went into voluntary liquidation, paying in full$11,204,000 to their depositors; 294 banks, representing $152,048,000in deposits, were placed in receivership. Seven of these 294 receiver-ship banks, with deposits of $3,537,000, have plans approved forreopening. The deposit liability in these receivership banks has beenreduced by the payment to the depositors of $49,029,304, leaving abalance of deposit liability in these banks of $103,018,696 afterdeducting the amount in the banks approved for reopening and divi-dends paid. This remaining balance due to depositors represents5.2 percent of the amount frozen in the 1,417 banks unlicensed at theconclusion of the banking holiday.
Since the banking holiday there has been distributed to depositorsin all closed banks under the jurisdiction of this Bureau, includingthose for which receivers were appointed prior to the banking holiday,the sum of $612,854,783. Of this amount $596,289,062, or 55.1 per-cent of the amount due, was paid to depositors in banks for whichreceivers were appointed following the banking holiday.
As of March 4, 1933, there were 1,067 national banks, including theDistrict of Columbia State banks, in receivership and in process ofliquidation. During the period of the banking holiday, receiverswere appointed for 4 additional banks with deposits of $2,826,741,and one receivership with deposits of $493,803 was finally liquidatedand closed, leaving 1,070 national and District of Columbia Statebanks in receivership as of March 16, 1933, with deposits at date ofsuspension amounting to $889,800,000. Of these total deposits,$461,500,000 had been paid to depositors up to December 31,1934, or51.8 percent of the total amount due the depositors of such banks. Ofthe 1,070 banks in receivership as of March 16,1933, 946 still in processof liquidation as of December 31. 1934, with deposits at suspension of$816,000,000, had paid to depositors a total of $414,000,000, or 50.7percent, of the amount due them.
A plan has been worked out between Hon. Jesse H. Jones, Chairmanof the Reconstruction Finance Corporation, and this Bureau for com-pleting the liquidation of receivership banks which have assets valuedat $30,000 or less. The Reconstruction Finance Corporation willloan to the receiver the full amount of the appraised value ofthe assets less estimated intereist and collection charges, take thereceiver's note, and hold the assets as collateral. The receiver is thenauthorized to sell the assets of his trust, subject to the loan from theReconstruction Finance Corporation, to a depositors7 committee fora nominal consideration, whereupon the receiver is instructed to ter-minate his trust immediately. The Reconstruction Finance Corpora-tion will liquidate the assets until the loan has been fully repaid, andany remaining assets will be returned to the depositors' committee,which will complete liquidation in the interest of the depositors.The first trust to be handled in this manner was at Milton, N. Dak.
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The plan has met with hearty approval in all parts of the country.There are approximately 400 trusts which it is hoped can be disposedof in this manner, and then the plan may be extended to other trusts.
National-bank receiverships are conducted with a maximum ofefficiency and a minimum of expense. From the date of the firstfailure of a national bank in 1865 to October 31, 1934, national banksplaced in receivership numbered 2,908. Of these, 1,219 had beencompletely liquidated and their affairs closed. Expenses incident tothe administration of these 1,219 closed trusts, such as receiver'ssalaries, legal and other expenses, amounted to 3.86 percent of thebook value of the assets and stock assessments administered or 7.39percent of collections from assets and stock assessments. In otherwords, about 93 cents out of every dollar collected by receivers wentto creditors.
The importance of strengthening the capital structure of banks, aswell as of making funds available for credit purposes, was quicklyrecognized and the work done along these lines represents one of thestriking contributions made by the Administration to banking re-covery. Preferred stock in the amount of $491,215,050 has been soldby 1,975 national banks, $419,313,925 of which was purchased by theKeconstruction Finance Corporation and $71,901,125 in the variouscommunities where the banks were located. In addition, the capitalstock of 128 national banks has been further strengthened by the saleof $16,895,276 in new common stock, and approximately 300 nationalbanks have plans of recapitalization formally approved by the Officeof the Comptroller of the Currency not yet consummated. When theprovisions of these plans have been complied with, it will involve theapproximate sum of $56,000,000 for additional capital strengthening.
At the close of the banking holiday there were 4,522 active nationalbanks with deposits of $16,315,586,000 under the jurisdiction of theComptroller's Office. There are now 5,490 licensed banks withdeposits of $20,906,176,000. This represents a gain of 968 banks and$4,590,590,000 in deposits.
One of the important and serious questions before the Comptrollerwas the proper appraisal of assets in going banks. Manifestly, it wasunfair to appraise assets on a present cash market basis, and evenwhere there were established market quotations, they could easilyhave been broken by forced liquidation. Appreciating this fact, theComptroller sent the following instructions to all chief national-bankexaminers on October 26, 1933:
After the bank holiday, national-bank examiners were largely engaged in theexamination of banks which did not receive a license for the purpose of reorgani-zation. It appears that some examiners in making examinations of licensed nationalbanks have become what might be termed "reorganization minded" and havelost sight of the President's recovery program and its relation to licensed banks.It is the administration's desire that credit channels be opened through licensedbanks and this policy cannot be accomplished if examiners follow a deflationpolicy in examinations. We are all concerned in having solvent banks, but thereis a wide distinction between the potential and intrinsic value of assets of a goinginstitution, and liquidating values. Examiners in appraising and classifyingassets of licensed banks will not apply liquidating values, but will appraise on thebasis of fair values on a recovery basis. As an example, in dealing with bankbuildings, the examiner must realize that a bank building of a going bank hasan intrinsic value, as distinguished from present depressed values, which, com-bined with the element of recovery, may fully substantiate the carrying valuegiven to it by the bank. The same is true of mortgages, and in this connectionthe examiners should familiarize themselves with the instructions given with
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respect to real-estate mortgages by the Federal Deposit Insurance Corporationto its examiners.
You will advise examiners who are examining licenced banks of this policy andsee that it is carried out. Any examination now in process, or any future examin-ation, will be governed by these instructions and where an examination has beencompleted, the examiner making the report will review the report on the abovebasis and rewrite such report if found necessary. If the examiner is not nowavailable, it may be necessary to make a new examination on the proper basis.
I t was found that in some few instances bank examiners had notfully comprehended these instructions, and supplemental instructionswere sent to all chief national-bank examiners on March 13, 1934, asfollows:
Reports of examinations received by this office recently, clearly indicate thatsome few of the examiners throughout the country have not fully grasped themeaning of instructions communicated to the chief examiners under date ofOctober 26, 1933, and are making more drastic classifications of assets of thebanks examined by them than is necessary under the circumstances, and moresevere than is contemplated by the instructions contained in office letter referredto above.
If there are in your Federal Reserve district any examiners who, in youropinion, are making unnecessarily drastic classifications of assets, please conferwith them promptly, looking toward having their classifications as lenient ascircumstances in each case will permit and in order that they will be in accordwith the policies of this office.
While you are familiar with the character of examinations made by yourexaminers, it is suggested that in determining whether or not any of them are toosevere in their classifications, you give particular attention to their appraisals ofbanking houses, furniture and fixtures, and loans secured by real estate.
For the first time in t tie history of the Bureau a survey was madefrom the 1934 reports of the national bank examiners. As is wellknown to bankers, examiners classify loans under three headings—slow, doubtful, and loss. There is little room for argument whenassets are placed in the loss column, and very little question arisesregarding the items in the doubtful column. The slow column attractsthe most attention and controversy. An examination of the reportson 5,275 banks filed in the Office of the Comptroller of the Currencyreveals the following interesting figures: The total amount of loanswas $7,740,596,000. The examiners placed 2.88 percent of these loansin the loss column, 4.19 percent in the doubtful column, and 27.05percent in the slow column. It is indeed remarkable that within soshort a time after the greatest banking catastrophe in the history ofthis Nation, less than 3 percent of the loans in national banks shouldbe placed in the loss column and only 4.19 percent in the doubtfulcolumn. These figures speak with greater emphasis than any words.Before the State convention of bankers at Louisville, Ky., on Sep-tember 12, 1934, the following definition of slow paper was given:"The items placed in the slow column are merely 'flagged.' In otherwords, the attention of the bank officials is called to these items withthe suggestion that they be watched. No suggestion is conveyed orimplied that the borrower should be requested to pay the same. Theyare therefore considered slow loans. This is our interpretation unlessthe examiner in his report makes specific criticisms of particular itemsin the slow column/'
There has been considerable controversy and some misunderstand-ing with reference to the examination of banks and many people areunder the impression that there is a duplication of examinations.Only two organizations in Washington examine banks at the presenttime. The Bureau of the Comptroller of the Currency examines all
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national banks, and no other examiner makes an examination of anational bank except upon a written agreement between the nationalbank and the Reconstruction Finance Corporation. No one willdeny the right of a bank to permit an examination by another agencyof the Government. A national bank is examined twice a year.
With reference to the examination of State banks which aremembers of the Federal Reserve System, there are the followingstatutory provisions:
Section 5240 of the National Bank Act, as amended: The Comptroller of theCurrency, with the approval of the Secretary of the Treasury, shall appointexaminers, who shall examine every member bank at least twice in each calendaryear and oftener if considered necessary: Provided, however, That the FederalReserve Board may authorize examination by the State authorities to beaccepted in the case of State banks and trust companies and may at any timedirect the holding of a special examination of State banks or trust companies thatare stockholders in any Federal Reserve bank. * * *
In" addition to the examinations made and conducted by the Comptroller ofthe Currency, every Federal reserve bank may, with the approval of the Federalreserve agent or the Federal Reserve Board, provide for special examination ofmember banks within its district. * * *
Section 11 of the Federal Reserve Act: The Federal Reserve Board shall beauthorized and empowered to examine at its discretion the accounts, books, andaffairs of each Federal reserve bank and of each member bank and to requiresuch statements and reports as it may deem necessary.
The Federal Deposit Insurance Corporation does not examine banksin the sense that the Comptroller of the Currency and the FederalReserve Board examine them, since the Corporation has no super-visory functions.
The law provides that all State banks which make application forinsurance shall be solvent. Therefore, the only question to bedetermined by a Federal Deposit Insurance Corporation representa-tive is whether the assets are sufficient to pay the bank's liabilities.To be eligible for insurance, the bank need have no capital structureunder the existing law, and the Corporation has no visitorial powers.
It is clear, therefore, that the representatives of both the Recon-struction Finance Corporation and the Federal Deposit InsuranceCorporation are not examiners in the true sense of the word. Anexamination of a bank implies criticism and suggestions as to itsloans, an examination of all of its books and records, including theminutes of the corporation, to determine if all of the provisions of theNational Banking Act have been complied with, as well as a deter-mination of the question of solvency. None of these questions iswithin the jurisdiction of the representatives of either the Reconstruc-tion Finance Corporation or the Federal Deposit Insurance Corpora-tion. In fact, Congress has been careful to exclude examination ofnational banks except as provided by statute, section 5241, whichreads as follows:
No association shall be subject to any visitorial powers other than such as areauthorized by this title, or are vested in the courts of justice.
This is the proper place to say a word abput the national bankexaminers and their assistants. Political considerations do not enterinto the appointment of a national bank examiner. No nationalbank examiner has been appointed during my term of office exceptfrom the ranks of assistant examiners, and then only after a carefulreview of his record as an assistant examiner and upon the successful
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passing of a written and oral examination. I do not know and havenot inquired into the politics of any examiner appointed during myincumbency. Examiners are appointed by the Comptroller of theCurrency and approved by the Secretary of the Treasury after acareful and thorough investigation of their record by both of theseofficials. Not an examiner has been removed for cause during myterm, and only one vacancy has occurred among the 12 chief nationalbank examiners, and that by voluntary resignation to accept a morelucrative position. The chief examiners and the examiners havemaintained the highest traditions of their profession and have reflectedcredit upon this Bureau and the Treasury. They have neither fearedcriticism nor yielded to temptation. They realize their duty andresponsibility to the depositors. I have had under consideration forsome time a partially perfected plan providing for a pension for exam-iners. This plan has not yet been developed sufficiently to be pre-sented for consideration, but my conviction is that these men shouldnot only feel secure in their positions but should be protected intheir declining years.
The Banking Act of 1933 designated the Comptroller of the Cur-rency as a member of the Board of Directors of the Federal De-posit Insurance Corporation. The organization of this corporationwas covered rather fully in the Comptroller's annual report for 1933.Hon. Walter J. Cummings of Illinois, the first chairman of the Board,presented his resignation to the President on January 10, 1934, to beeffective on the date of appointment of his successor. Hon. Leo T.Crowley of Wisconsin was appointed to fill the vacancy and took hisoath of office on February 21, 1934, The present members of theBoard are Hon. Leo T. Crowley, chairman, Hon. E. G. Bennett ofUtah, and the Comptroller of the Currency. When the Comp-troller's report for 1933 was written, high hopes were expressed forthe success of the Federal Deposit Insurance Corporation and theyhave been more than justified. On January 1, 1935, there were14,248 banks, with insured deposits well in excess of 16 billion dollars,which had completed all membership requirements, and 9 which wereapproved for membership subject to completion of such requirements.The insurance of bank deposits went into effect on January 1, 1934,and from that date up to and including January 1, 1935, only onelicensed national bank, the First National Bank of Lima, Mont.,has been placed in receivership. Its deposits of approximately$40,000 were completely covered by insurance. Up to January 1,1935, eight insured nonmember State banks were placed in receiver-ship with total deposit liabilities of approximately $1,850,000. TheFederal Deposit Insurance Corporation promptly met its responsi-bility in these instances as soon as the institutions were surrenderedby the State authorities. There were 49 State banks which werenot members of the Corporation which have failed from January 1,1934, to January 1, 1935.
It is interesting to compare the record for 1934 with that of the12 years from 1921 through 1932 when 10,816 banks, with aggregatedeposits of $4,885,126,000, failed in the United States. In otherwords, the average number of failures per year during the 12 yearswas 901, with average deposits of $407,093,833, as contrasted with58 bank failures during 1934, 9 of which banks were members of theFederal Deposit Insurance Corporation.
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It is difficult to estimate what this Corporation has contributedto the recovery program of the Administration. It has inspiredconfidence in banks and has eliminated fear in the depositor's mind.The Government of the United States has made a liberal contributionto the capital structure of this Corporation, which makes it virtuallya special partner with the banks in protecting the depositors. Nu-merous changes will doubtless be made in the law to strengthen and tocomplete the plan approved by the Congress of the United States.While one-half of 1 percent has been levied upon the insurable depositrisk, only one-fourth of 1 percent has been collected, and this amountwould seem sufficient for some time to come.
SUGGESTIONS FOR LEGISLATION
Under the provisions of Revised Statutes 333 as amended, UnitedStates Code, title 12, section 14, the Comptroller is required to includein his annual report to Congress " Any amendment to the laws relativeto banking by which the system may be improved, and the security ofthe holders of its notes and other creditors may be increased." Onpages 8 to 16, inclusive, of the Comptroller's annual report for theyear ending October 31, 1933, issued January 3, 1934, certain detailedrecommendations were made as to corrective and clarifying legislation,not only as to the national banking laws in general but as to the Bank-ing Act of 1933 in particular, and bills embodying such recommenda-tions in great part were approved by the Senate and House Bankingand Currency Committees, but Congress adjourned before actioncould be obtained thereon by way of adoption or rejection. Withoutrepeating the recommendations of the previous report, attention isagain called to them, and the recommendation is made that the actioninitiated in the last session of Congress with respect to putting theminto effect be completed as soon as may be possible.
Additional recommendations arising out of experience in adminis-tering the Banking Act of 1933 during the past year, as well as recom-mendations as to other provisions of law affecting national banks,are as follows:
1. Section 23 of the Revenue Act of 1934, paragraph (b), providesfor certain deductions from gross income. It is understood thatState banks which have sold capital notes or debentures to the Re-construction Finance Corporation may under this paragraph deductinterest paid thereon in computing their net income for taxablepurposes.
National banks in strengthening their capital structure have issuedpreferred stock to the Reconstruction Finance Corporation, payingdividends thereon, which payment of dividends is substantiallyequivalent to the payment of interest made by State banks on capitalnotes sold by them to the Reconstruction Finance Corporation. Inboth cases a common object was in view, namely, strengthening capitalstructure, but the two methods of so doing were necessary because inmany cases State banks could not issue preferred stock or stock with-out assessment liability. Since national banks cannot deduct thedividends paid on preferred stock to the Reconstruction FinanceCorporation from their gross income for tax purposes, it is manifestthat they are placed at a disadvantage as compared with the Statebanks. It is accordingly suggested that paragraph (p) of section 23
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of the Revenue Act of 1934 be amended by making an additional ex-ception in the case of banks to the extent that they have paid dividendson preferred stock to the Reconstruction Finance Corporation.
2. Section 11 (b) of the Banking Act of 1933 prohibiting paymentof interest on demand deposits, with certain exceptions, shouldinclude the added exception of demand deposits of trust funds uponwhich interest is required to be paid by fiduciaries under State law.This is necessary to enable national banks to comply with State lawand to put national banks on a parity with State banks in competingfor fiduciary appointments.
3. Section 12, amending section 22 of the Federal Reserve Act byadding section (g) thereto, pi-ohibits loans to executive officers ofmember banks but provides that "loans heretofore made to any suchofficer may be renewed or extended not more than two years from thedate this paragraph takes effect, if in accord with sound bankingpractice.7' A great many inquiries have been received as to the effectof this legislation in the event the executive officer in question isunable to pay his indebtedness at the expiration of the two-yearperiod; that is, by June 16, 1935. It is not clear from the section asworded whether the bank or the executive officer will be considered ashaving violated the act and will become subject to the penal provisionsthereof in the event such loan is not paid at that time. It furthermoreis not stated whether or not the executive officer in question mustresign his executive position if the loan is unpaid and is not extended orrenewed. There is some doubt as to whether or not the bank shouldtake the position that such loans must be carried as past-due paperand charged off as bad debts within the provisions of R. S. 5204 that"All debts due to any association, on which interest is past due andunpaid for a period of six months, unless same are well secured, andin process of collection, shall be considered bad debts/' There areother cases where a bank holds the mortgage indebtedness of anexecutive officer incurred prior to June 16, 1933, with a maturityexpiring after June 16, 1935, as would be the case of a three- or five-year mortgage. Since this obligation is not due and payable by June16, 1935, is either the bank or the executive officer, under the pro-visions of this section of the law, required to take any action on June16, 1935, relative to the disposition or payment of this indebtedness inorder to avoid violating the criminal provision of this section? Thetwo-year period for elimination of executive officer loans was placedin the act with the apparent belief that general conditions would per-mit such elimination in that time. Conditions have not, however,made it possible for such loans to be eliminated, creating a situa-tion whereby the act should be amended to extend the time three moreyears, with the proviso that in each case where an extension or renewalis made the board of directors shall satisfy themselves that suchextension or renewal is in the best interest of the bank, and that theofficer concerned has made reasonable effort to reduce his obligation,such finding to be evidenced by a resolution of the board of directorsspread upon the minute books of the bank.
4. Section 13 of the Banking Act of 1933, being section 23 (a) ofthe Federal Reserve Act, provides certain restrictions and conditionsunder which member banks may have dealings with their affiliates.In connection with the restriction on amount of loans to affiliatesunder this section, numerous cases have arisen of loans to affiliates
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made prior to the enactment of this law, which loans were in excess ofthe restrictions of this statute. Frequently the amount of theseloans and the circumstances of their creation are such that, though theloans are reduced at their maturity, it is necessary as a practicalmatter to extend or renew. While the section does not specificallyprovide that upon extension or renewal such loans must be reduced inconformity with the limitations in amount provided by the section,this office has placed such construction upon the section due to thefact that no express provision is made for extensions or renewals ofexisting obligations of affiliates such as is specifically provided undersection 12 of the Banking Act of 1933 which permits extensions andrenewals without requiring reduction of loans made to executiveofficers of member banks.
In view of the prohibition of the section against " extension of creditto" affiliates except within certain limitations and subject to theobtaining of a prescribed type of collateral security, banks have beenprevented from obtaining the benefit to be derived through an affiliaterelieving the bank of objectionable paper, real estate, or other assetsby purchase thereof, in cases where the affiliate is unable to makeimmediate payment in full in cash but is willing to give its obligationfor the purchase price, which obligation, due to the size of the trans-action, would exceed in amount the 10-percent limitation providedby the section.
This section states that its provisions shall not apply to any affiliate" engaged solely in holding the bank premises of the member bankwith which it is affiliated." It has long been the custom recognizedas permissible by the courts for banks to construct and use buildingsto be occupied by the bank in its business, but these buildings alsocontain a great amount of office space to be leased out to others toprovide an income to the bank. In those cases where an affiliatecorporation owns the building occupied by the bank, a similar condi-tion exists with respect to same being occupied by other tenants withresulting activities of the affiliate corporation involved. The affiliatecorporation may invest the income received from the building in secu-rities of various types. It is difficult to determine whether or not bythe use of the words, "engaged solely in holding the bank premises",such affiliate corporation can properly claim the exemptions providedthereunder. It is not believed that Congress had in contemplation astrict construction which would limit the exemption to an affiliatecorporation owning and operating premises exclusively occupied bythe bank or engaged in investing and reinvesting in securities theassets of the corporation or income derived from the bank building.
It is believed that the limitation on loans to affiliates, and theprovision that they must be secured in any event by a certain typeof collateral should not apply in case of loans to an affiliate where theaffiliate relationship has arisen out of a bona-fide debt contractedprior to the date of the creation of the affiliate relationship. Banksfrequently obtain stock control of corporations through foreclosure ofstock collateral. The recovery to be made by the bank often de-pends upon the continued operation of the corporation, with a con-sequent advance of funds thereto by the bank, for which advancethe corporation, due to its financial condition, is unable to providethe prescribed type of collateral, and which corporation under thecircumstances is unable to obtain loans from other banks. It be-
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comes a salvage operation for the bank holding the stock control,and removal of the limitations of the section is advisable under suchcircumstances.
5. Section 18 of the Banking Act of 1933 amends Revised Statutes5139 by providing that no certificate representing stock of the bankshall represent the stock of any other corporation except a memberbank or one engaged solely in holding the bank premises, nor shallthe ownership, sale, or transfer of such certificate be conditioned inany manner upon the ownership, sale or transfer of stock of any othercorporation except a member bank.
Our comments under section 4 above relative to the intent ofCongress as to when a corporation is to be considered as " engagedsolely in holding the bank premises " are similarly applicable here.
Considerable difficult}' has been encountered in determining whatsteps must be taken to comply fully with the provisions of thissection, particularly thai} part thereof which provides that the owner-ship, sale, or transfer of bank stock shall not in any manner be con-ditioned upon ownership, sale, or transfer of a certificate representingthe stock of another corporation. Difficulty arises ordinarily in caseswhere a corporation has, been organized to relieve the bank of non-conforming assets or large amounts of real estate taken for debts pre-viously contracted, and the stock of this corporation is trusteed forthe benefit of the bank's shareholders. There are many other situa-tions where such condition arises, and from a practical standpoint thereseems to be no need for a complete divorcement of this corporationfrom the bank, particularly if the corporation is not engaged in thetype of activities described in section 20 of the Banking Act of 1933,which section defines which affiliates of member banks must be di-vorced by June 16, 1934. This office has construed section 20 asdefining for the purposes of the Banking Act of 1933 the type ofcorporations which must be divorced from the bank, and has beenof the opinion that section 18 here under discussion should not byimplication, and does not by its express language, require divorcingof any affiliate not falling within the type defined in section 20. Wehave expressed our opinion that section 18 requires only that the bankeliminate from its stock certificates any provision that may appearthereon to the effect that the certificate represents stock of the othercorporation or any provision that the ownership, sale, or transfer ofthe bank's stock is conditioned upon the ownership, sale, or transferof the stock of the other corporation. In cases of an affiliate relation-ship, as above referred to, whereby trustees are holding stock of theother corporation in trust for the shareholders of the bank under atrust agreement which makes the stock of the other corporationtransferable only, as and when, the bank stock is transferable, it hasbeen our opinion that compliance with this section does not requirea dissolution of such trustee arrangement or its modification so as topermit the stock of the other corporation to be transferred independ-ently of the stock of the bank. This position has been taken for tworeasons. The trust agreement in question frequently is of such typethat it is not revocable or subject to amendment, at least at theinstance of the bank. Consequently, the bank has no controlover the situation. Secondly, it is frequently desirable that theaffiliate relationship be permitted to continue under the circum-stances of a particular case, whereas dissolution of the trust instru-
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ment or amendment thereof would make possible the destruction ofthe affiliate relationship through separation of the stockholdinginterests. The Banking Act of 1933 through its provisions recognizesrepeatedly that there is no objection to banks having certain typesof affiliates. The objectionable types are specified in section 20, beingthose engaged primarily in security dealings.
This section should accordingly be amended in such a way as tostate clearly that it does not operate to prevent the ownership, sale,or transfer of stock of any other corporation being conditioned uponthe ownership, sale, or transfer of a certificate representing stock of anational banking association.
6. Section 19 of the Banking Act of 1933, amending RevisedStatutes 5144, prohibits a holding company from voting on anyquestion submitted at meetings of shareholders, unless it shall haveobtained a voting permit from the Federal Reserve Board. In orderto obtain such permit, extensive data must be furnished, sometimesinvolving great expense on the holding company, and certain obliga-tions must be undertaken by it, all of which matters are of no practicalmateriality where the bank is going into voluntary liquidation.Revised Statutes 5220 requires a vote of two-thirds of the bank'sshareholders in order for the bank to go into liquidation. If a holdingcompany is unable or unwilling to comply with the requirements asnow laid down for the obtaining of a voting permit, or even thoughwilling is unable to obtain such permit, the resulting inability of theholding company to vote its shares prevents the obtaining of a two-thirds vote and prevents the bank from going into voluntary liquida-tion where there is desire or necessity therefor. It is accordinglyrecommended that a holding company affiliate be exempted from therequirement of obtaining a voting permit to vote upon the question ofplacing the association into voluntary liquidation.
7. Under section 16 of the Banking Act of 1933 there is a provisionthat the limitations and restrictions contained in that section as todealing in, underwriting, and purchasing for its own account invest-ment securities, shall not apply to obligations of the United Statesand various other types of securities therein described. This provisionhas been construed as an authorization to national banks to deal in,underwrite, and purchase for their own accounts, such types ofsecurities particularly specified in the section.
However, section 21 (a) (1), which is not framed as an amendmentto the National Bank Act or as an amendment to the Federal ReserveAct in so many words, nevertheless prohibits any firm, corporation,association, business trust, or similar organization, engaged in thebusiness of issuing, underwriting, selling, or distributing securities,from receiving deposits subject to check or payment upon the requestof the depositor. Literal application of the language of this sectiontaken by itself has given the impression to some that it operates toprohibit national banks from engaging in the very activities permittedto them under section 16 of the Banking Act of 1933 as above pointedout. This office has construed section 16 as governing in this situa-tion, insofar as national banks are concerned, but the apparent conflictbetween the two sections should be eliminated.
8. Section 21 (a) (2) of the Banking Act of 1933 prohibits any firm,corporation, association, business trust, or similar organization other
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12 REPORT OF THE COMPTROLLER OF THE CURRENCY
than a financial institution or private banker, subject to examinationand regulation under State or Federal law, from engaging in thebusiness of receiving deposits unless it shall submit to periodic exam-ination by the Comptroller of the Currency or by the Federal ReserveBank of the district, and shall make and publish periodic reports ofits condition.
This section in its present form is apparently incomplete in vitalrespects and presents many administrative difficulties in addition tothose referred to in the Comptroller's report for 1933.
No specific provision is made for payment of the cost of the ex-amination referred to. It has been the position of this office that itcannot use funds collected from assessments on national banks fortheir examination, to pay the expense of examination of institutionsunder this section, and that by implication Congress intended thatthe institution submitting to examination thereunder should bear thecost thereof. Our position has been controverted by some of theseinstitutions and any doubt on the question should be eliminatedthrough amendment of i:he section. The section makes no provisionor gives no direction as to what is to be done by this office beyondmaking examination and calling for reports. If it was intended thatsuch examination and reports should be used as a basis for supervisoryregulation, similar to that exercised by this office over national banksand by State banking authorities over State banks, the act fails soto state. If it is not intended that this office shall have power torequire correction of situations dangerous to depositors of such insti-tutions or of forcing them into liquidation where they appear to behopelessly insolvent, then it is not apparent what purpose is attainedby making examination and requiring reports of their condition.
Any contemplated amendment of this section giving part or allof the foregoing supervisory powers should be made with a view tothe fact that with very few exceptions, banking institutions whichcome under this section Eire operated by individuals or by partnershipswith the result that examination as to the condition of the institutioninvolves taking into consideration not only the specific assets andliabilities of the business entity but also all other assets of the indi-viduals conducting the business as individuals or as partners, and allof the liabilities thereof.
This is necessary because of the general rule of individual liabilityof partners for all partnership obligations and because the depositorsof the banking institution would also have to share with all othercreditors of the partners in the available assets of those conductingthe business. Any proposed scheme of forced liquidation where itappears that continuance of the business is dangerous to depositorswould in consequence necessarily involve not only liquidation of thebanking business in which the partners are concerned but would appearto involve a typical bankruptcy proceedings embracing an adjustingof the rights and interests of all creditors of the partners or of theindividuals involved, regardless of whether or not they dealt withthe private banking institution. This would involve conflicts withexisting bankruptcy laws and apparently would have effects farbeyond those incidental to the liquidation of a bank operating incorporate form.
9. Section 22 of the Banking Act of 1933 relieves shareholders ofnational banks from the additional liability imposed by Revised
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REPORT OF THE COMPTROLLER OF THE CURRENCY 1 3
Statutes 5151, as amended, and section 23 of the Federal Keserve Act,as amended, with respect to shares issued after the date of the enact-ment of the Act. Bills were presented in the last session of Congressto extend this relief to all outstanding shares of stock of national bank-ing associations, regardless of date of issue.
In the event it is determined to completely eliminate this assess-ment liability of shareholders, it is suggested that serious considera-tion be given to providing for increasing the surplus of national bank-ing associations until same equals the amount of its common capitalstock, thereby restoring to the bank's creditors the protection nowgiven by the potential assessment liability of the shareholders andmaintaining a sound banking structure.
10. Revised Statutes 5243 prohibits persons or corporations doingthe business of bankers, brokers, or savings institutions except whereauthorized by Congress so to do, to use the word "national" as partof the name or title of such institution. The Attorney General of theUnited States in 22 Opinions Attorney General 475 ruled that theuse by State banks of the word "international" as a portion of theirname or title is not in violation of this section. It is believed that theuse of the word "international" as well as other combinations of theword "national" may frequently be as misleading as the use of theword "national" and that the section in question should be amendedto prohibit also the use of the word "international" or any combina-tion of the word "national" by institutions doing a banking businessexcept as to such as may be organized under authority of the FederalGovernment.
Miscellaneous incidental matters affecting the. Federal ReserveSystem which should be provided for are as follows:
Give the Board discretion to relieve holding companies from neces-sity of obtaining voting permits where not engaged as a business inholding bank stocks; give the Board power to control matter of offi-cers, directors, and employees of banks being connected with secur-ities companies by regulation rather than by issuing of permits inindividual cases; eliminate any doubt that a holding company with apermit to vote its shares may cumulate same as may any other share-holder; correct oversight in existing law so as to require memberbanks to reduce their stockholdings in the Federal Reserve bank upona reduction of surplus; place State member banks on a parity withnational banks as regards limitation on loans secured by Governmentobligations; in making loans to private concerns by Federal Reservebanks to permit same to be made on adequate endorsement or ade-quate security instead of requiring both as at present; authorize theBoard to define the word "deposit" and related terms for the pur-pose of reserve requirements and permit amounts due from otherbanks to be deducted from gross deposits in determination of reservebalance requirements; extend present power of Board to regulatepayment of interest by member banks to include all insured banksand require member banks to maintain same reserves against Govern-ment deposits as required against other deposits; amend Clayton Actto permit Board to supervise matter of interlocking directorates byregulation instead of by permit; and amend section 24 of the FederalReserve Act to exempt real-estate loans made for industrial purposesin cooperation with Federal Reserve banks or the ReconstructionFinance Corporation from the restrictions of that section.
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1 4 REPORT OF THE COMPmOLLER OF THE CURRENCY
11. Consideration should be given to strengthening the provisionsof the law governing the Federal Deposit Insurance Corporation. Inview of the protection afforded depositors, no doubt many of theStates will follow the precedent established by Congress in eliminatingthe double liability on shares of stock. Relieving shares of stock fromthe double liability, and the insurance of bank deposits offer addedencouragement to the establishment of new banks. Great cautionshould be exercised in the future in the establishment of either Stateor national banks, or branches of either, in order to prevent a repe-tition of the failures of a few years ago. Under the present law, if abank's assets are sufficient to pay its liabilities, the Federal DepositInsurance Corporation must accept it as a member, although it mayhave no capital structure.
The Comptroller's Office, under existing law, is in a position torequire national banks to maintain adequate, sound capital, and alsoto prevent the organization of a new national bank unless it hasadequate, sound capital and unless there is need for additional bank-ing facilities in the location chosen, and a reasonable prospect thatthe bank will operate successfully. The Comptroller's Office is thusable to protect the interests of the Federal Deposit Insurance Cor-poration in those respects with reference to national banks, particu-larly since the Comptroller is a member of the Board of the Corpora-tion. There is, however, no such safeguard as to State banks, andit is believed that the law governing the Federal Deposit InsuranceCorporation should be amended to make a State bank's admissionto the fund conditional upon the approval of its capital structure bythe Corporation; and in the case of a new State bank, the Boardshould be required to pass upon the need for additional banking facili-ties in the place selected and upon the reasonable prospect of thebank's successful operation.
It would be well to consider whether the law should not be furtheramended to permit the Corporation, under proper limitations, topurchase assets of an insured bank for the purpose of assisting inmerging such a bank with another, or of reorganizing when it becomesapparent that a loss to the Corporation is impending. In this manner,losses may be limited or minimized. Under the present law, theCorporation may do nothing until a bank is closed and after that itsrecovery is dependent upon liquidation. Recoveries through liqui-dation are certain to be less than the values which may be placedupon the same assets by a going institution.
The law should be amended to provide for examination by the Cor-poration of State nonmember banks which become members of thefund. An express provision should be made for reports of conditionby all insured banks not now reporting to a Federal agency at intervalsof not oftener than twice a year, such report to be as of the same dateas a call report made by national banks to the Comptroller of theCurrency.
The Banking Act of 1933 in section 11, subsection (d), makes specificprovision that security for deposits of postal savings funds in banksshall not be required to the extent that such deposits are insured. Ageneral statutory provision should be enacted so that no securityshall be required under Federal statutes for any deposits in banks to
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EEPORT OF THE COMPTROLLER OF THE CURRENCY 1 5
the extent that deposits referred to in such statutes are insured undersection 12 (b) of the Federal Reserve Act, as amended.
It is believed that Congress might well consider the advisability oflevying an annual assessment under the permanent plan in lieu of anassessment merely to repair insurance losses, and that it might makeprovision for carrying a portion of the assessment in a reserve whichcould, ultimately operate to decrease such annual assessment. Inbanking, as in other businesses, it is desirable when practicable toanticipate the fixed charges, and, so far as possible, the cost of insur-ance should be made a fixed charge subject to reduction througheconomical and efficient operation.
Miscellaneous incidental matters affecting the Federal DepositInsurance Corporation should be provided for as follows:
Extend criminal provisions applicable to officers of member banksto officers of all insured banks. Eliminate reference to par value ofFederal Deposit Insurance Corporation stock in subsection E ofsection 13 (b) of the Federal Reserve Act by substituting therefor theamount paid for said stock; extend the prohibition in the presentlaw against gratuities to Federal examiners to examiners of all insuredbanks and their officers and likewise extend to same the prohibitionagainst disclosure of confidential information; give the Federal courtsjurisdiction of actions against the Corporation; extend to the Corpora-tion the protection now given to other Federal institutions againstmisleading use of their names; and extend to all insured banks thepresent law making robbery of member banks a Federal offense.
It would not be fitting to close this report without a word of appre-ciation to the hundreds of employees in the city of Washington,throughout the United States, and, in fact, in many parts of the worldwhere our examiners are called to perform their duties. Of those whohave so faithfully served with me in Washington, I desire to makespecial mention of F. G. Await, First Deputy Comptroller; E. H.Gough, Second Deputy Comptroller; Gibbs Lyons, Third DeputyComptroller; J. E. Fouts, Supervising Receiver; W. P. Folger, ChiefNational Bank Examiner; George P. Barse, General Counsel; GeorgeR. Marble, Chief Clerk; E. F. Quinn, Chief of Organization Division;Adele M. Stewart, Chief of Examining Division; W. A. Kane, Chief ofStatistical Division; C. E. Gross, Chief of Issue Division; W. F. Offutt,Chief of Redemption Division; L. G. Copeland, Chief of FederalReserve Issue and Redemption Division; Margaret T. Hanlon, ActingChief of Bookkeeping Division; J. H. Finnegan, Auditor; J. M. Kane,Administrative Assistant Conservator; John Young, AdministrativeAssistant Conservator; F. B. Davis, Chief Clerk of Insolvent Division,and L. H. Sedlacek and F. W. Krippel, who served successively asChief of Reorganization Division.
It is with great regret that I chronicle the passing of Mr. E. F.Quinn, who for 21 years was Chief of the Organization Division. Hedid much during his years of service in this capacity to aid in shapingthe policies of the Comptroller's Office upon questions concerning theorganization of new banks and the consolidation of banks. He wasrecognized as an authority upon the subjects within the province ofhis Division.
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16 REPORT OF THI1 COMPTROLLER OF THE CURRENCY
Since my induction as Comptroller, two men have served as Sec-retary of the Treasury—Hon. William H. Woodin from March 4,1933, to December 31, 1933, and Hon. Henry Morgenthau, Jr., sinceJanuary 1, 1934. Everyone who was familiar with the situation dur-ing and following the banking holiday is convinced that the strainput upon Secretary Woodin hastened his death. He was anothersoldier who fell in the service of his country. I should like to expressmy appreciation of the fine spirit of cooperation which has existedbetween this Bureau and the Secretary of the Treasury, Mr. Morgen-thau. In him the Bureau has always found a sympathetic friend.
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NATIONAL BANKS IN THE TRUST FIELD
Impressive gains in the number and volume of trusts under adminis-tration by the banks in the national banking system were reflectedduring the fiscal year ended June 30, 1934. One thousand nine hun-dred and twenty-eight national banks had authority to exercise trustpowers on June 30, 1934, with combined capital of $1,452,519,428and banking assets of $20,934,134,715, which represented 35.5 percentof the number, 83.5 percent of the capital, and 87.6 percent of theassets of all banks in the national-banking system.
Of the number authorized to exercise trust powers 1,560 banks hadactive trust departments and were administering 122,022 individualtrusts with assets aggregating $8,516,551,744, and in addition wereadministering 15,903 corporate trusts and acting as trustees for out-standing note and bond issues amounting to $11,484,461,737.
Compared with 1933 these figures represent a net increase of 25,785,or 18.7 percent, in the number of trusts being administered; an in-crease of $2,204,893,991, or 34.9 percent, in the volume of individualtrust assets; and an increase of $1,066,034,800, or 10.2 percent, in thevolume of note and bond issues outstanding under which nationalbanks had been named to act as trustees.
Segregation of the number of fiduciary accounts in national banksrevealed that 66,481, or 48.2 percent, were those created under privateor living trust agreements; 55,541, or 40.3 percent, were trusts beingadministered under the jurisdiction of the courts, and the remaining15,903, or 11.5 percent, were trusteeships under corporate bond ornote-issue indentures. Private trust assets comprised $6,852,872,340,or 80.5 percent, of the total assets under administration, while the re-maining $1,663,679,404, or 19.5 percent, belonged to court trusts.Invested trust funds aggregated $7,647,459,891, of which bonds con-stituted 47.1 percent, stocks 31.7 percent, real-estate mortgages 9.6percent, real estate 6.9 percent, and miscellaneous assets 4.7 percent.
The impressive development of trust activities in national banks isfurther emphasized by comparing the record in 1934 with that of1929, which reflects an increase during the 5-year period of 61,937,or 44.9 percent, in the number of trusts being administered; an increaseof $4,278,903,081, or 50.2 percent, in the volume of individual trustassets under administration, and an increase of $4,114,307,281, or55.8 percent, in the volume of bond and note issues outstanding forwhich national banks are acting as trustees.
Two hundred and forty-nine national banks were acting as trusteesunder 880 insurance trust agreements involving $42,467,908 inproceeds from insurance policies, while 671 national banks had beennamed trustees under 18,597 insurance trust agreements not yetmatured or operative, supported by insurance policies with a facevalue aggregating $732,039,875.
Three hundred and sixty-four of the banks spent $249,278 duringthe year for trust advertising, 40 banks employed full-time trustsolicitors, and 75 banks utilized the services of part-time trust solicitors.
17
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1 8 REPORT OF THE COMPTROLLER OF THE CURRENCY
An analysis of the new business placed on the books of the nationalbanks between June 30, 1933, and June 30, 1934, developed that 231banks were named trustees for 1,159 bond and note issues aggregating$602,576,909; 785 banks were named to act as individual trusteesunder 7,360 agreements involving $380,758,416; 748 banks were namedto act under 2,649 executorships involving $121,641,275; 550 bankswere named as administrator under 1,486 appointments involving$26,699,211; 551 banks were named under 3,671 guardianships in-volving $12,678,705; 11 banks were named to act as assignee in 41instances involving $813,911; 44 banks were named to act in 227receiv-erships involving $6,437,025; 129 banks were named to act as com-mittee of estates of lunatics in 408 cases involving $2,385,814, while402 banks were named to act 7,139 times in miscellaneous fiduciarycapacities, other than those enumerated above, involving $625,722,473.
Eighty-six banks were named registrar of stocks and bonds in 323cases involving $392,960,996, while 66 banks were named transferagent in 276 instances involving $41,760,938.
National-bank branches, numbering 173 on June 30, 1934, wereactively engaged in administering 12,617 trusts, with individual trustassets aggregating $770,715,941, and were acting as trustees for out-standing bond and note issues amounting to $362,395,271.
The following tables show in detail the activities of national banksin the trust field, segregated: First, according to capital of the banks;second, according to the population of places in which the banks werelocated; third, according to Federal Reserve districts, and fourth,analysis of the type of investments held in trust, with a supplementaltable showing the extent to which national-bank branches werefurnishing trust service to the communities in which they were located.
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Fiduciary activities of national banks during year ended June 80, 1984t segregated according to capital
Number of national banks with trust powers but not administering trusts-Number of national banks with trust powers administering trusts
Total number of national banks authorized to exercise fiduciarypowers _
Total assets of banking departments of national banks authorized toexercise fiduciary powers
47
$19,501,427
InvestmentsDeposits in savings banks.Deposits in other banksDeposits in own bankOther assets
TRUST ASSETS
Total-
Private trusts _Court trusts...
LIABILITIES
Total-
Total volume of bond issues outstanding for which banks are acting astrustee-Number of national banks administering private trusts
Number of national banks administering court trustsNumber of national banks administering corporate trustsNumber of living trusts being administered _ _ _Number of court trusts being administered. __Total number of individual trusts being administeredNumber of corporate trusts being administeredTotal number of trusts being administered ._.Average volume of individual trust assets in each bank _Average volume of trust assets in each individual trustNumber of national banks administering insurance trustsNumber of insurance trusts being administered _ _.Average volume of insurance trust assets in each bankAverage volume of insurance trust assets in each trustNumber of national banks holding insurance trust agreements not operative.
Bankswith
capitalof $25,000
159
$105,218,869
125,60720,045
44, 9611,684
192, 297
80,954111,343
192, 297
$102, 7507
1448
3240
747
$9,157$4,807
Bankswith capi-
tal over$25,000 to
$50,000
70
2,770, 79251,177
5427,197217, 577
3, 466, 748
887,1652,579, 583
3,466, 748
$209, 52535601082
388470
13483
$49, 525$7, 376
Banks withcapital over$50,000 to$100,000
121319
440
$653,957,791
536
$1,319,224,979
35,093,148581,159
3,1653, 551,6112,086,384
41, 315, 467
15,659, 77425,655,693
41,315, 467
$24,169,27521427991
1,2403,2494,489
3834,872
$129, 516$9, 204
79
$26,055$20,266
48
Banks withcapital over$100,000 to
$200,000
72464
438
$2,041,938,717
151,745,9961,444,135
486, 5757, 752,8992, 573,754
164, 003,359
81, 258,75482, 744,605
164, 003, 359
$54,823,809378428181
5,26510,32315, 588
57416,162
$353,455$10, 521
3366
$45, 749$22,875
150
Banks withcapital over$200,000 to
$500,000
44
$16,794,292,932
416,693,7703,489, 211
922,52115,034,81216,172,765
452,313,079
273, 643,488178,669,591
452,313,079
$154,459,960349369209
8,93512, 50921,444
1,22222,666
$1,148,003$21,093
58107
$102,413$55, 513
229
Banks withcapital over
$500,000
16292
1,928
$20,934,134,715
7,041,030,5788,596, 7205,254,436
194,196,896606,182,164
7,855,260,794
6,481, 342, 2051,373,918, 589
7,855,260,794
$11, 250,696,418279279240
50,95129,04079,99113,704
$26,901, 578$98, 202
151698
$232,239$49,909
240
Total
1,560
7,647,459,89114,182,4476,666,702
221,008, 376627,234,328
8, 516,551,744
6,852,872,3401,663,679,404
8,516, 551,744
$11,484,461,7371,2621,429
73566,48155, 541
122,02215,903
137,925$5,459,328
$69,795249880
$170,554$48,259
671
g
H3
WQO
wocj
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Fiduciary activities of national banks during year ended June 30, 1934, segregated according to capital —Continued to
o
O
O
o
Bankswith
capitalof $25,000
Bankswith capi-
tal over$25,000 to
$50,000
Banks withcapital over
$50,000 to$100,000
Banks withcapital over$100,000 to
$200,000
Banks withcapital over$200,000 to
$500,000
Banks withcapital over
$500,000Total
LIABILITIES—continued
Number of insurance trust agreements not operativeFace value of policies held under above agreements .Average number of insurance trust agreements not operative held by each
bank .Average volume of insurance policies held by each bank under trust agree-
ments not operative - _Average volume of insurance policies per trust held under agreements not
operative . - .Average gross earnings per trust for fiscal year ended June 30,1934...Average gross earnings per trust department reporting trust earnings for
fiscal year ended June 30,1934 .__Number of banks reporting amounts spent annually for trust advertising..Average amount spent annually by each reporting bank for trust adver-
tising _-Number of banks employing full-time trust solicitors _Number of banks employing part-time trust solicitors
$211
15$333, 300
4
$83, 325
$22, 220$44
$4195
$65
421$3, 760, 252
9
$78, 339
$8,932$44
$80757
$56
621$17, 753,946
4
$118, 359
$28, 589$45
$1, 74071
$1403
23
2,346$79,982,022
10
$349, 266
$34,093$71
$4, 367
oa
$2892
17
15,194$630, 210,355
62
$2, 551,459
$41,478
$75, 560130
$1,4663525
18,597$732,039,875
28
$1,090, 969
$39, 363$172
$17,042364
4075
Fiduciary activities of national banks during year ended June 30, 1934, segregated according to population of places in which banks were located JTJ
W
dumber of national banks with trust powers but not administering trustsNumber of national banks with trust powers administering trusts
Total number of national banks authorized to exercise fiduciary powers. _Total assets of banking departments of national banks authorized to exercise
fiduciary powers _
TBTJST ASSETS
Investments * -Deposits in savings banksDeposits in other banks.
Places withpopulat ion
less t h a n 1,000
2741
68
$50,740,305
4,533.24385,454
2,966
1,000 to 2,499
70134
204
$231,653, 852
11,451, 58576,69833,917
2,500 to 4,999
67221
288
$430, 262,924
33,454, 254135,108144,278
5,000 to 9,999
80256
336
$644,995, 768
59,112, 403425,160113,944
10,000 to 24,999
68336
404
$1, 278, 405, 706
192,310, 2872,338, 430
671, 274
25,000 to 49,999
24194
218
$1, 037, 048, 044
235, 074,0072,137,078
55,334
o
3Q
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Deposits in own bank.Other assets
Total.
Q Private trusts..GO Court trusts—
LIABILITIES
Total .
Total volume of bond issues outstanding for which banks are acting as trustee._
Number of national banks administering private trustsNumber of national banks administering court trustsNumber of national banks administering corporate trustsNumber of living trusts being administeredNumber of court trusts being administeredTotal number of individual trusts being administeredNumber of corporate trusts being administeredTotal number of trusts being administeredAverage volume of individual trust assets in each bankAverage volume of trust assets in each individual trustNumber of national banks administering insurance trustsNumber of insurance trusts being administeredAverage volume of insurance trust assets in each bankAverage volume of insurance trust assets in each trustNumber of national banks holding insurance trust agreements not operative. _Number of insurance trust agreements not operativeFace values of policies held under above agreementsAverage number of insurance trust agreements not operative held by each bank_Average volume of insurance policies held by each bank under trust agreements
not operativeAverage volume of insurance policies per trust held under agreements not
operative '_Average gross earnings per trust for fiscal year ended June 30, 1934Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30, 1934Number of banks reporting amounts spent annually for trust advertisingAverage amount spent annually by each reporting bank for trust advertising-Number of banks employing full-time trust solicitors _Number of banks employing part-time trust solicitors
301,36972, 503
4,995, 535
1,911,8503,083, 685
4,995, 535
365,100
2935
7271349620
13633
$121,842$8,057
417
$369,8574
$21, 756$30
$7013
$60
1, 035, 950408, 448
13, 006, 598
5, 453, 5487, 553,050
13,006, 598
2, 596,129
8511925
6121,4932,105
502,155
$97,064$6,179
12
$43,162$21, 581
2051
$756, 240
$37, 812
$14,828$35
$71119
$71
2, 506, 992353, 573
36, 594, 205
14,109, 73422, 484,471
36, 594, 205
16, 711, 581
15419968
1,8714,1145,985
2516,236
$165, 585$6,114
631
$63, 806$12, 349
41149
$3, 375, 5574
$82, 331
$22, 655
$87729
$691
3,857, 722876, 385
64, 385, 614
27, 563, 72436,821,890
64. 385,614
21, 221, 404
19922993
2,3275,3217,648
3087,956
$251, 506$8, 419
1113
$14,897$12, 605
62297
$7, 547,3855
$121, 732
$25, 412
$1,48849
$135
12
8, 503, 9371, 922, 775
205, 746, 703
100, 722,151105, 024, 552
205, 746, 703
53, 381, 555
310159
4,6518,449
13,100545
13, 645$612,341
$15, 7062545
$48,495$26,942
1361,089
!3, 792,1098
$174,942
$21,848$59
$2, 60671
$1923
13
9, 228,05714, 553, 212
261,047,688
157, 602,421103,445, 267
261,047, 688
67, 423, 944
173186105
4,2315,798
10,029722
10, 751$1,345,607
$26,0293969
$42,939$24, 270
1111,118
$35,869, 69010
$323,150
$32, 084
$4,81353
$2831
3
aog
wod
tzj
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Fiduciary activities of national banks during year ended June 30, 1934, segregated according to population of places in which banks were located—Continued to
Number of national banks with trust powers but not administering trustsNumber of national banks with trust powers administering trusts
Total number of national banks authorized to exercise fiduciary powers..Total assets of banking departments of national banks authorized to exercise
fiduciary powers -.. -
TRUST ASSETSInvestments. _ _ _Deposits in savings banks - -Deposits in other banksDeposits in own bank _..Other assets
Total
LIABILITIESPrivate trustsCourt trusts _ _.
Total
Total volume of bond issues outstanding for which banks are acting as trustee.Number of national banks administering private trustsNumber of national banks administering court trustsNumber of national banks administering corporate trustsNumber of living trusts being administered _Number of court trusts being administered _Total number of individual trusts being administered-_ _Number of corporate trusts being administeredTotal numbers of trusts being administeredAverage volume of individual trusts assets in each bankAverage volume of trust assets in each individual trustNumber of national banks administering insurance trustsNumber of insurance trusts being administeredAverage volume of insurance trust assets in each bankAverage volume of insurance trust assets in each trustNumber of national banks holding insurance trust agreements not operative..Number of insurance trust agreements not operativeFace value of policies held under above agreements
Places withpopulation50,000 to99,999
9127
136
$1,175,016,824
386,416,6602,102,361518,656
12,953,67522,499,545
424,490,897
234,558,773189,932,124
424,490,897
$189,484, 52011611982
5,2037,67812,881
81513,696
$3,342,448$32,955
47105
$173,440$77, 635
962,146
$76,492,923
100,000 to249,999
8113
121
$1,971,031, 683
668,642,6054,884,300535,588
17,102,14622,015,088
713,179, 727
522,461,919190,717,808
713,179, 727
$189,582,39510710986
8,4846,20514,6891,20215,891
$6,311,325$48,552
56152
$82,171$30,273
922,968
$105,937,524
250,000 to499,999
768
75
$2,514,858,035
903,376,394386, 727669,521
23,903,41097,074, 223
1,025,410, 275
742,012, 647283,397,628
1, 025,410, 275
$505,118, 374656259
7,2774,60311,8802,40514,285
$15,079,563$86,314
33127
$141,142$36,675
4,164$156,195,438
500,000 to999,999
330
33
$3,855,171,006
850,786,4601,316,9731,814,926
26,268,298217,786,505
1,097,973,162
915, 291,539182,681,623
1,097,973,162
$1, 053,884,660292825
7,1604,40311,5632,53314,096
$36, 599,105$94,956
16111
$455, 265$65,624
9ftZu
3,078$116,051,763
1,000,000 orover
540
45
$7, 744,950,568
4,302,301,993294,158
2,106,298115,346,820249,672,071
4,669,721,340
4,131,184,034538,537,306
4, 669,721, 340
$9,384,692,075363326
24,3947,12831,5227,059
38, 581$116,743,034
$148,14215225
$953,058$63,537
9Q3,520
$205,651,389
l oiai
3368 H
1,560 Q
1,928 ^
$20,934,134,715 ^
7,647,459,891 n
14,182,447 o6,666, 702 »=i
221,008,376 H627,234,328 J§
8,516,551,744 Q
6,852,872,340 H1,663,679,404 &j
8,516,551,744 O
$11,484,461,737 ,,1,262 H1,429 W735 H
66,481 _55,541 9122,022 315,903 2137,925 2
$5,459,328 5$69,795 5
249 3880 *•
$170,554$48,259
67118,597
$732,039, 875
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Average number of insurance trust agreements not operative held by each bank.Average volume of insurance policies held by each bank under trust agreements
not operative _ -Average volume of insurance policies per trust held under agreements not
operative -Average gross earnings per trust for fiscal year ended June 30,1934Average gross earnings per trust department reporting trust earnings for fiscal
year ended June 30,1934Number of banks reporting amounts spent annually for trust advertisingAverage amount spent annually by each reporting bank for trust advertising..Number of banks employing full-time trust solicitors.__Number of banks employing part-time trust solicitors
22
$796,801
$35,644$87
$9,69945
$3971
11
32
$1,151,495
$35,693$132
$19,48742
$1,0018
11
77
$2,892, 508
$37,511$160
$36, 29528
$1,653
118
'A, 463,529
$37,704$201
$101,2709
$4,99693
121
$7,091,427
$58,424$338
$342,94916
$3,711
28
$1,090,969
$39,363$172
$17,042364
$6854075
feJ
3
wQO
o
Odw
o
to00
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Fiduciary activities of national banks by Federal Reserve districts as of June 30, 1934
Federal Reserve districts
Numberbanks ex-ercising
fiduciarypowers
Numberwith au-thoritybut not
exercisingpowers
Totalnumberauthor-ized toexercisefiduciarypowers
Capital ofbanks author-ized to exercisefiduciary pow-
ers
Total bankingassets of banksauthorized toexercise fidu-ciary powers
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Classification of investments in living and court trust accounts under administration by the active national-bank trust departments, segregatedaccording to capital of banks and population of places in which national banks were located on June 80, 1934
Trust investments classified according to capital ofbanks administering trusts Bonds Per-
cent Stocks Per-cent
Real-estatemortgages
Per-cent Real estate Per-
centMiscella-
neousPer-cent
Total invest-ments
Banks with capital of $25,000Banks with capital over $25,000 to $50,000...Banks with capital over $50,000 to $100,000..Banks with capital over $100,000 to $200,000.Banks with capital over $200,000 to $500,000.Banks with capital over $500,000
Trust investments classified according to population ofplaces in which banks administering trusts were located B.onds Per-
cent Stocks Per-cent
Real-estatemortgages
Per-cent Real estate Per-
centMiscella-
neousPer-cent
Total invest-ments
Places with population less than 1,000Places with population of 1,000 to 2,499Places with population of 2,500 to 4,999..Places with population of 5,000 to 9,999Places with population of 10,000 to 24,999Places with population of 25,000 to 49,999Places with population of 50,000 to 99,999Places with population of 100,000 to 249,999Places with population of 250,000 to 499,999Places with population of 500,000 to 999,999Places with population of 1,000,000 or over
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Classification of investments in living and court trust accounts under administration by the active national-bank branches with trust departments,segregated according to population of places in which branches were located on June 80, 1934
Trust investments classified according to population ofplaces in which branches were located Bonds Per-
cent Stocks Per-cent
Real estatemortgages
Per-cent Real estate Per-
centMiscella-
neousPer-cent
Total in-vestments
Places with population of less than 1,000.._Places with population of 1,000 to 2,499Places with population of 2,500 to 4,999Places with population of 5,000 to 9,999Places with population of 10,000 to 24,999..Places with population of 25,000 to 49,999..Places with population of 50,000 to 99,999..Places with population of 100,000 to 249,999.Places with population of 250,000 to 499,999Places with population of 500,000 to 999,999Places with population of 1,000,000 or over.
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Fiduciary activities of national-bank branches with trust departments during year ended June 80y 1934, segregated according to population ofplaces in which branches were located
Placeswith
popula-tion of
less than1,000
1,000 to2,499
2,500 to4,999
5,000 to9,999
10,000 to24,999
25,000 to49,999
50,000 to99,999
100,000 to249,999
250,000 to499,999
500,000 to999,999
1,000,000or over Total
Number of national-bank brancheswith active trust departments
Total assets of banking depart-ments of branches administeringtrusts
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-Fiduciary activities of national-bank branches with trust departments during year ended June 80, 1934, segregated according to population ofplaces in which branches were located—Continued
LIABILITIES—continued
Number of insurance trusts being ad-ministered
Average volume of insurance trustassets in each brancb,.
Average volume of insurance trustassets in each trust
Number of branches holding insurancetrust agreements not operative
^Number of insurance trust agreementsnot operative
-Face value of insurance policies heldunder above agreements
Average number of insurance trustagreements not operative held byeach branch
Average volume of insurance policiesheld̂ by each branch under trustagreements not operative..
Average volume of insurance policiesper trust held under trust agreementsnot operative . . . _ _ . .
Average gross earnings per trust forfiscal vear ended June 30,1934
Average gross trust earnings per branchreporting trust earnings for fiscal yearended June 30, 1934
-Number of branches reportingamounts spent annually for trustadvertising
Average amount spent annually byeach reporting branch for trust ad-vertising
Number of branches employing full-time trust solicitors
Number of branches employing part-time trust solicitors
Placeswith
popula-tion of
less t han1,000
4
11
$128, 579
3
$32,145
$1,143
$129
$257
1,000 to2,499
12
46
$621, 530
4
$51, 794
$13, 512
$187
$528
2,500 to4,999
1
$4, 536
$4, 536
11
45
$758, 734
4
$68, 976
$16, 861
$125
$693
5,000 to9,999
2
$11, 285
$11, 285
18
90
$2, 492, 944
5
$138, 497
$27, 699
$87
$1, 227
10,000 to24,999
1
$13,307
$13, 307
16
134
$3,146, 245
8
$196, 640
$23, 479
$129
$2, 022
25,000 to49,999
7
$27, 335
$20, 530
12
124
$3, 023, 207
10
$251, 934
$24,381
$150
$7, 978
1
50,000 to99,999
13
$35, 307
$24, 443
11
259
$7,319,103
24
$665, 373
$28, 259
$163
$17, 763
2
922
100,000 to249,999
7
$51, 573
$29,470
6
226
$6, 262, 786
38
$1, 043, 791
$27, 711
$193
$23, 726
250,000 to499,999
11
$68, 208
$31,004
5
309
$9, 722,824
62
$1,944, 565
$31, 465
$187
$28,899
2
1,300
2
1
500,000 to999,999
$482, 482
$68, 926
1
189
$4, 922, 700
189
$4, 922, 700
$26, 046
$122
$83, 235
1
1,000,000or over
49
$700, 610
$71, 491
8
634
$32, 735, 254
79
$4, 091, 907
$51, 633
$283
$139, 770
2
2
Total
98
$155,411
$50, 747
104
2,067
$71,133,906
20
$683, 980
$34, 414
$215
$16,014
4
1,111
5
4
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NATIONAL-BANK FAILURES
During the year ended October 31, 1934, receivers were appointedfor 394 national banks. Of such total appointments, 40 were madefor the purpose of completing unfinished business or enforcing stockassessments, the collection of which was necessary under or by reasonof contracts to succeeding institutions which purchased the assets ofsuch banks under terms by which depositors were paid in full. Ofthe remaining 354 appointments for actual failures, 8 were restored tosolvency, leaving 346 to be liquidated by receivers. However, 20 in-solvent national banks for which receivers were appointed in 1932and 1933 were restored to solvency during the current year, makinga total of 28 insolvent national banks restored to solvency during theyear ended October 31, 1934. These figures for the year 1934 maybe compared with figures for the preceding year of 319 receivers7
appointments for actual failures, none of which was restored to solv-ency, with appointments of receivers for 29 banks to complete unfin-ished business or to enforce stock assessments.
In a further analysis of the 394 receivers' appointments for thepast year, it is found that 353 appointments were for banks formerlyin charge of conservators, including 3 licensed banks closed throughrevocations of licenses prior to appointments of conservators; oneappointment for a licensed bank suspended with the immediate ap-pointment of the Federal Deposit Insurance Corporation as receiver;one appointment for an unlicensed bank placed in receivership withoutthe intervening appointment of a conservator, and 39 appointmentsfor banks formerly in voluntary liquidation.' Of the 353 appoint-ments for banks formerly in charge of conservators, 148 with capitalof $13,680,000 and deposits of $86,143,700, are found to have beenstraight receiverships without prior reorganizations or payments todepositors, while 205 with capital of $59,225,520, were appointmentsfollowing reorganizations under conservators. The 205 banks withdeposits of $497,459,087, for which receivers were appointed followingreorganizations under conservators, paid depositors through the reor-ganizations effected prior to receivers' appointments, an estimatedamount of $264,313,000, or an average payment of 53.13 percent.
The capitalization of the 394 banks for which receivers were ap-pointed during the past year was $56,525,000 as compared with thecapitalization of the 348 banks for which receivers were appointedduring the previous year of $76,107,500.
During the year ended October. 31, 1934, total costs incurred inliquidation of insolvent national banks as reported by receivers,amounted to 4.6 percent of total collections from all sources includingoffsets allowed. This percentage of costs to collections for the year1934 may be compared with percentages of 3, 3.2 and 3.2 for theyears 1931, 1932 and 1933, respectively. This 4.6 percent includesall expenses incurred while the banks were in conservatorship fromMarch 1933, or over 19 months expenses as to conservator banks forwhich receivers were later appointed. Moreover, the cost of opera-
29
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3 0 REPORT OF THE COMPTROLLER OF THE CURRENCY
tion of a bank in conservatorship is greater than when in receiver-ship. Therefore, the average cost of liquidation under receiverswould be comparable with the cost of the previous years operation.Total collections from all sources, including offsets allowed, as reportedby receivers for the year ended September 30, 1934, amounted to$501,718,516, while similar collections for the years 1931, 1932 and1933 m aggregated $132,998,054, $263,482,046 and $356,678,150, re-spectively.
In reporting upon the progress and results of liquidation of insolventnational banks for the year ended October 31, 1934, it has been pos-sible for the first time to furnish data with respect to the earningsof such banks while in process of liquidation, arising out of the accrualand collections of interest, premiums, rents, etc. Expenses of re-ceivership liquidation have heretofore been available from annualreports submitted by the Comptroller's office and such items have,it is believed, received considerable attention without perhaps dueconsideration having been given to corresponding income earnings ofbanks while in process of liquidation. From figures which arefurnished in later paragraphs relative to various groups of banks inliquidation it now seems apparent that the income earnings of insol-vent national banks during liquidation are on the average approxi-mately equivalent to expenses incurred. In view of this proportionof income to expenses in connection with the liquidation of insolventnational banks, it may reasonably be asserted that depositors' equitiesin the assets of failed national banks are not materially lessened be-cause of receivership operations.
This office has continued during the year ended October 31, 1934, topromote the distribution of dividends to depositors of insolventnational banks. Not only has every effort been made to provide dis-tributions wherever the normal process of liquidation would warrantsuch action, but provision has been made for facilitating applicationsfor Reconstruction Finance Corporation loans to receivers of insolventnational banks wherever possible in order to further increase thepayments of dividends to depositors. Reconstruction Finance Cor-poration loan commitments so obtained by receivers of insolventnational banks during the year ended October 31, 1934, as indicatedby the records of this office, amounted to $106,484,700, while cashadvances actually drawn totaled $139,160,885. Total loan commit-ments obtained by receivers of insolvent national banks from the Re-construction Finance Corporation from the date of its organization toOctober 31, 1934, as indicated by the records of this office, amountedto $255,675,200, while cash advances obtained thereunder totaled$193,049,684. Total Reconstruction Finance Corporation unusedloan commitments and unpaid advances to receivers of insolventnational banks as of October 31, 1934, were, according to the recordsof this office, $44,904,325 and $74,246,615, respectively. An indicationof the general distribution of and benefit derived from these loans bydepositors of those banks involved is evident from the fact that suchloans both hastened and increased the payments of dividends todepositors of approximately 885 insolvent national banks located in43 of the 48 States and in the District of Columbia.
Reorganization activity during the year ended October 31, 1934,has, of course, centered largely in the group of 455 unlicensed bankswith deposits of $429,997,037, which as of January 1, 1934, were still
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REPORT OF THE COMPTROLLER OF THE CURRENCY 3 1
in charge of conservators without reorganizations having been effected.The extent of reorganization activity in this group of banks, referredto in more detail elsewhere in this report, is evident from a total num-ber of 368 reorganizations during the current year, releasing depositsof approximately $183,765,000. However, reorganization efforts onthe part of this office have by no means been confined to the group ofunlicensed banks for which receivers had not been appointed. On thecontrary, in all cases where, regardless of receivers' appointments,existing circumstances indicated the possibility for reorganizations,every effort has continued to be put forth by this office to assist andcooperate with local depositors' committees in effecting sound reor-ganizations. That such efforts to reopen or reorganize national banksin receivership have been to an appreciable extent successful is clearlyevident from the fact that during the current year 28 insolventnational banks with deposits of approximately $21,280,000 have beencompletely restored to solvency and either reopened or sold to otherinstitutions, while in 10 additional instances reorganizations havebeen effected through the medium of Spokane sales of assets to otherinstitutions, providing for releases of deposits amounting to approxi-mately $6,350,000. Further efforts to effect reorganizations of banksin receivership will continue to be made where circumstances indicatethe soundness of reorganization plans advanced.
Relative to the length of time required to complete liquidation ofinsolvent national banks, a compilation has been made covering thoseinsolvent national banks finally closed during the year ended October31, 1934, and for those receiverships finally closed during the 13-yearperiod, November 1, 1921, to October 31, 1934. From data compiledit has been found that insolvent national banks finally closed duringthe year ended October 31, 1934, exclusive of those banks which wererestored to solvency and those for which receivers were appointed forthe purpose of completing unfinished business or enforcing stockassessements, required an average period of 6 years, with a minimumperiod of 2 years, for liquidation. With reference to insolvent nationalbanks, the affairs of which were finally closed during the 13-yearperiod 1921 to 1934, exclusive of those banks restored to solvencyand banks for which receivers were appointed for the purpose ofcompleting unfinished business or enforcing stock assessments only,the average period of liquidation was found to have been 5 years.
In following paragraphs will be found tables reflecting the resultsand progress of liquidation to date for various groups of insolventnational banks, those which have been completely liquidated fromthe date of the first national bank failure in 1865 to date, and those stillin process of liquidation as of October 31,1934, etc. These tables aresupported by various schedules appearing in the appendix of thisreport furnishing in detail for each insolvent national bank in liquida-tion during the current year data as to the progress and results ofthe receiver's administration thereof.
Receiverships, year ended October 31, 1934
Of the 394 national banks for which receivers were appointed duringthe past year, 8 were restored to solvency, leaving 386 banks to beadministered by receivers. Of the 386 national banks so administeredby receivers 40 appointments were made for the purpose of completing
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3 2 KEPOET OF THE COMPTROLLER OF THE CURRENCY
unfinished business or enforcing stock assessments, leaving 346 to beactually liquidated by receivers. The capital of the 394 insolventnational banks for which receivers were appointed was $56,525,000.The capital of the 40 banks for which receivers were appointed tocomplete unfinished business or enforce stock assessments was$8,920,000. The capital of the 8 banks restored to solvency was$685,000 and the capital of the remaining 346 banks to be liquidatedby receivers was $46,920,000.
Stock assessments levied by the Comptroller of the Currency toOctober 31, 1934, against shareholders of the 386 national banksadministered by receivers, with capital of $55,840,000, amounted to$40,938,750, while the assets of such banks, including assets acquiredsubsequent to their failure, totaled $615,562,497. Collections fromthese assets, including offsets allowed and collections from stockassessments as reported by receivers to September 30, 1934, amountedto 30.3 percent of such assets and stock assessments. Total incomeearnings collected by receivers from the assets of these banks amount-ing to $9,111,347 were in excess, or 122.89 percent, of total expensesincurred. These collections and the disposition thereof were asfollows:
Disposition of collections:Dividends paid by receivers to unsecured creditors 17, 182, 606Dividends paid by receivers to secured creditors 422, 679Distributions by conservators to unsecured creditors 81, 518, 734Distributions by conservators to secured creditors 13, 410, 942Payments to secured and preferred creditors other than
through dividends 76, 993, 814Offsets allowed and settled (against liabilities) 19, 065, 592Disbursements for the protection of assets ^_ 703, 996Payment of receivers7 salaries, legal and other expenses 2, 554, 740Payment of conservators' salaries, legal and other expenses. _ 4, 859, 441Cash balances in hands of Comptroller and receivers 23, 200, 201
Total 239, 912, 745
In addition to the above record, it is found that total secured andunsecured claims proved as reported by receivers to September 30,1934, aggregated $201,202,090. The outstanding circulation of the386 banks at date of failure was $30,148,474, secured by United Statesbonds on deposit with the Treasurer of the United States of a parvalue of $34,249,220. Total deposits of these banks at date of failureamounted to $381,108,228, while borrowed money consisting of billspayable, rediscounts, etc., totaled $92,592,549.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 33
Receiverships, 1865-1934
From the date of the first failure of a national bank in the year 1865to October 31, 1934, 2,908 national banks have been placed in chargeof receivers. Of this number, 145 have been restored to solvency andeither reopened or sold to other institutions and one bank eliminatedthrough revocation of the receiver's commission as of the date ofissuance, leaving 2,762 banks to be administered by receivers. Ofthese banks so administered, 1,543 are still in process of liquidationand 1,219 have been completely liquidated and the affairs thereoffinally closed.
The capital of the 2,908 insolvent national banks at the date offailure, exclusive of the one bank eliminated through revocation of thereceiver's commission, was $382,055,505. The capital of the 145banks that have been restored to solvency was $22,115,000. Thecapital of the 1,543 banks that are still in process of liquidation was$231,870,085, and the capital of the 1,219 banks that have been com-pletely liquidated was $128,070,420.
The aggregate book value of the assets of the 2,762 administeredreceiverships, including assets acquired after suspension, was $3,511,-304,866, in addition to which there have been levied against share-holders assessments aggregating $299,465,747. Total collections fromthese assets, including offsets allowed and collections from stock as-sessments as reported by receivers to September 30, 1934, amountedto 46.33 percent of the total of such assets and stock assessments.These collections and the disposition thereof were as follows:
Collections from assets, including income earnings for1,155 banks completely liquidated to Oct. 31, 1933, andfor accounting purposes, dividends paid secured creditorsof all trusts finally closed Oct. 1, 1924, to Oct. 31, 1929_ $1, 458, 688, 187
Collections from stock assessments 115, 136, 255Income earning collections (unavailable as separate item
for 1,155 banks finally closed to Oct. 31, 1933) 59, 047, 996Offsets allowed and settled (against assets) 191, 405, 753Unpaid balance Reconstruction Finance Corporation
loans 127, 647, 259
Total 1, 951, 925, 450
Disposition of collections:Dividends paid by receivers to unsecured creditors (in-
cluding dividends paid to secured creditors of 815 bankscompletely liquidated to Oct. 31, 1929) 893, 589, 763
Dividends paid by receivers to secured creditors (unavail-able as separate item for 815 banks completely liquidatedto Oct. 31, 1929) 1 57, 212, 358
Distributions by conservators to unsecured creditors 73, 513, 518Distributions by conservators to secured creditors 2, 994, 878Payments to secured and preferred creditors, including
disbursements for the protection of assets, and for ac-counting purposes, dividends paid secured creditors ofall trusts finally closed Oct. 1, 1924, to Oct. 31, 1929___ 581, 076, 096
Offsets allowed and settled (against liabilities) 191, 405, 753Payment of receivers' salaries, legal and other expenses 75, 494, 952Payment of conservators' salaries, legal and other ex-
penses 7, 274, 632
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Disposition of collections—Continued.Amount returned to shareholders' agents in cash $4, 501, 599Cash balances in hands of Comptroller and receivers 64, 861, 901
Total 1, 951, 925, 450In addition to the above record of distribution, there have been
returned to shareholders through their duly elected agents assets ofa book value of $16,597,541. Total secured and unsecured claimsproved as indicated by receivers7 reports aggregated $1,983,593,367.The outstanding circulation of these 2,762 receiverships at date offailure was $170,364,376, secured by United States bonds on depositwith the Treasurer of the United States of the par value of $180,015,-531, while total deposits at date of failure amounted to $2,297,567,989.
Active receiverships as of October 81, 1934
The 1,543 banks that were, as of October 31, 1934, still in charge ofreceivers and in process of liquidation had assets, including assetsacquired subsequent to their failure, aggregating $2,728,221,415. Thecapital of these banks was $231,870,085, and there had been levied bythe Comptroller of the Currency to October 31, 1934, stock assess-ments against their shareholders in the amount of $212,063,835. Thecollections from these assets, including offsets allowed and collectionsfrom stock assessments, as reported by receivers to September 30,1934, amounted to 42.56 percent of such assets and stock assessments.Total income earnings collected by receivers from the assets of thesebanks amounting to $57,572,588 were in excess, or 117.04 percent, oftotal expenses incurred. These collections and the disposition thereofwere as follows:
Liquidation statement, 1,543 active receiverships as of Oct. 31, 1934
Disposition of collections:Dividends paid by receivers to unsecured creditors 523, 040, 731Dividends paid by receivers to secured creditors 33, 759, 130Distributions by conservators to unsecured creditors 165, 807, 781Distributions by conservators to secured creditors 20, 255, 292Payments to secured and preferred creditors, other than
through dividends 432, 315, 368Offsets allowed and settled (against liabilities) 130, 759, 293Disbursements for the protection of assets 16, 747, 831Payment of receivers' salaries, legal and other expenses 41, 916, 309Payment of conservators' salaries, legal and other expenses. 7, 274, 632Cash balances in hands of Comptroller and receivers 64, 861, 901
Total 1, 436, 738, 268In addition to the above record, it is found that total secured and
unsecured claims proved as reported by receivers to September 30,
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EEPOBT OF THE COMPTROLLER OP THE CURRENCY 3 5
1934, aggregated $1,555,940,527. The outstanding circulation of the1,543 receiverships at date of failure was $114,760,025, secured byUnited States bonds on deposit with the Treasurer of the United Statesof the par value of $120,840,020. Total deposits of these banks atdate of failure amounted to $1,878,453,602, while borrowed moneyconsisting of bills payable, rediscounts, etc., totaled $344,686,686.
Receiverships terminated, year ended October 81, 1934
During the year ended October 31, 1934, 64 receiverships wereliquidated and finally closed, in addition to which 28 receivershipswere restored to solvency and either reopened or sold to other insti-tutions. The 64 receiverships finally closed had assets, includingassets acquired subsequent to their failure, aggregating $44,663,845.The capital of these 64 banks was $4,940,000 and assessments againstshareholders levied by the Comptroller of the Currency aggregated$3,575,000. The collections from these assets, including offsetsallowed and collections from stock assessments as indicated byreceivers' final reports, amounted to 66.57 percent of such assets andstock assessments. Total income earnings collected by receivers fromthe assets of these banks amounted to $1,475,408 or 79.55 percent oftotal expenses incurred. These collections and the disposition thereofwere as follows:
Collections:Collections from assets $27, 225, 512Collections from stock assessments 1, 983, 938Income earning collections 1, 475, 408Offsets allowed and settled (against assets) 2, 904, 005
Total 33, 588, 863
Disposition of collections:Dividends paid to unsecured creditors 12, 802, 446Dividends paid to secured creditors 2, 244, 081Payments to secured and preferred creditors, other than
through dividends 13, 537, 648Offsets allowed and settled (against liabilities) 2, 904, 005Disbursements for the protection of assets 235, 839Payment of receivers' salaries, legal and other expenses 1,854, 752Amount returned to shareholders' agents in cash 10, 092
Total 33, 588, 863In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents assets of a book valueof $217,255. Total secured and unsecured claims proved as indicatedby receivers' final reports aggregated $23,491,003. The outstandingcirculation of these 64 closed receiverships at date of failure was$2,348,000, secured by United States bonds on deposit with theTreasurer of the United States of a par value of $2,383,010. Totaldeposits of these banks at date of failure amounted to $26,590,650,while borrowed money consisting of bills payable, rediscounts, etc.,totaled $11,193,371.
From the above it will be noted that the average percentage ofall dividends paid on the aggregate of secured and unsecured claimsof $23,491,003 proved against the 64 receiverships that were finally
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3 6 REPORT OF THE COMPTROLLER OF THE CURRENCY
closed during the year ended October 31, 1934, but not including the28 banks restored to solvency which paid 100 percent, was 64.05percent. If payments to secured and preferred creditors, offsets, andother disbursements, amounting to $16,677,492, were included withthe dividends paid in this calculation, the total disbursements tocreditors would amount to $31,724,019, or 78.98 percent of theaggregate of claims proved plus secured and preferred liabilities paid,offsets allowed and settled, and other disbursements, or total basicliabilities amounting to $40,168,495.
Expenses incident to the administration of the 64 trusts, such asreceivers7 salaries, legal and other expenses amounted to $1,854,752,or 3.84 percent of the book value of the assets and stock assessmentsadministered, or 6.05 percent of collections from assets and stockassessments. The assessments against shareholders averaged 72.38percent of their holdings and total collections from such assessmentsas were levied amounted to 55.5 percent of the amount assessed.
Receiverships terminated, 1865-1934
From the date of the first failure of a national bank in 1865 to theclose of business October 31, 1934, 1,364 receiverships have beenadministered and the trusts closed or the affairs thereof restored tosolvency. Included in this number are the 145 banks restored tosolvency, 28 in 1934, and 64 the affairs of which were finally closedduring the year 1934. The 1,219 banks administered by receivershad assets, including assets acquired subsequent to their failureaggregating $783,083,451. The capital of these 1,219 banks was$128,070,420 and there were levied by the Comptroller of the Cur-rency stock assessments against their shareholders in the amount of$87,401,912. The collections from these assets, including offsetsallowed and collections from stock assessments as indicated byreceivers' final reports, amounted to 59.01 percent of such assets andstock assessments. These collections and the disposition thereofwere as follows:
Collections:Collections from assets, including income earning collections
for 1,155 banks finally closed to Oct. 31, 1933, and for ac-counting purposes, dividends paid secured creditors of alltrusts finally closed Oct. 1, 1924, to Oct. 31, 1929 $409, 554, 805
Collections from stock assessments 43, 510, 509Income earning collections (unavailable as separate item for
1,155 banks finally closed to Oct. 31, 1933) 1, 475, 408Offsets allowed and settled (against assets) 60, 646, 460
Total 515, 187, 182
Disposition of collections:Dividends paid by receivers to unsecured creditors (including
dividends paid secured creditors of 815 banks completelyliquidated to Oct. 31, 1929) 277, 972, 054
Dividends paid by receivers to secured creditors (unavailableas separate item for 815 banks completely liquidated toOct. 31, 1929) 6, 475, 529
Payments to secured and preferred creditors, including dis-bursements for the protection of assets, and for accountingpup oses, dividends paid secured creditors of all trustsfinally closed Oct. 1, 1924, to Oct. 31, 1929 132, 012, 897Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Disposition of collections—Continued.Offsets allowed and settled (against liabilities) $60, 646, 460Payment of receivers' salaries, legal and other expenses 33, 578, 643Amount returned to shareholders7 agents in cash 4, 501, 599
Total 515, 187, 182In addition to the above record of distribution, there were returned
to shareholders through their duly elected agents, assets of a bookvalue of $16,597,541. Total secured and unsecured claims proved asindicated by receivers' final reports aggregated $427,652,840. Theoutstanding circulation of these 1,219 closed receiverships at date offailure was $55,604,351, secured by United States bonds on depositwith the Treasurer of the United States of a par value of $59,175,511,while total deposits at date of failure amounted to $419,114,387.
From the above it will be noted that the average percentage of alldividends paid on the aggregate of secured and unsecured claims provedagainst the 1,219 receiverships that have been finally closed, but notincluding the 145 restored to solvency which paid 100 percent, was66.51 percent. If payments to secured and preferred creditors, offsetsand other disbursements, as indicated above, were included with thedividends paid in this calculation, the total disbursements to creditorswould amount to $477,106,940 or 76.91 percent of claims proved plusother liabilities paid, but not included in the figure above of provedclaims, or $620,312,197.
Expenses incident to the administration of the 1,219 closed trusts,such as receivers' salaries, legal and other expenses, amounted to$33,578,643 or 3.86 percent of the book value of the assets and stockassessments administered, or 7.39 percent of collections from assetsand stock assessments. The assessments against shareholders aver-aged 68.25 percent of their holdings and total collections from suchassessments as were levied amounted to 49.78 percent of the amountassessed.
Total liquidation operations, year ended September 30, 1984
Total liquidation operations of insolvent national banks for the12-month period October 1, 1933, to September 30, 1934, inclusive,as reported by receivers of all national banks in process of liquidationduring such period, were as follows:
Liquidation statement, summary for year ended Sept. 30, 1934
Collections:Cash balances in hands of Comptroller and receivers, Oct. 1,
1933 $39, 861, 787Collections from assets (including income earnings unavail-
able as a separate item) 433, 395, 251Collections from stock assessments 24, 195, 817Offsets allowed and settled (against assets) 44, 127, 448Increase in unpaid balance Reconstruction Finance Corpora-
tion loans 89, 959, 565
Total 631, 539, 868
106093—35——4
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38 REPORT OF THE COMPTROLLER OF THE CURRENCY
Liquidation statement, summary for year ended Sept. 80, 1934—Continued
Disposition of collections:Dividends paid by receivers to unsecured creditors $141, 016, 736Dividends paid by receivers to secured creditors 23, 671, 533Distributions by conservators to unsecured creditors 126, 042, 888Distributions by conservators to secured creditors 20, 255, 292Payments to secured and preferred creditors 179, 343, 626Offsets allowed and settled (against liabilities) 44, 127, 448Disbursements for the protection of assets 8, 901, 767Payment of receivers' salaries, legal and other expenses 16, 677, 208Payment of conservators' salaries, legal and other expenses 6, 631, 377Amount returned to shareholders' agents in cash 10, 092Cash balances in hands of Comptroller and receivers 64, 861, 901
Total 631, 539, 868It will be noted from the above that the percentage of liquidation
costs to total collections from all sources, including offsets allowed,for the year ended September 30, 1934, was but 4.6 percent.
Table showing summary of status, progress and results of liquidation of all nationalbanks placed in hands of receivers from the date of the first national bank failureApr. 14, 1865, to Oct. 31, 1934
[Revised from 1933]
Total assets taken charge of by receivers
Disposition of assets:Collections from assets (including income earnings for
1,155 banks completely liquidated to Oct. 31, 1933)—Offsets allowed and settled (against assets)Losses on assets compounded or sold under order of
court __ _ .Book value of assets returned to shareholders' agents. _Book value of remaining assets _ _ -
Total.
Collections:Collections from assets as aboveCollections from stock assessmentsIncome earnings collections: interest, premiums, rents,
etc. (unavailable as separate item for 1,155 banks com-pletely liquidated to Oct. 31, 1933).
Offsets allowed and settled as above (against assets)Unpaid balance Reconstruction Finance Corporation
loans. . ._
Total
Disposition of collections:Dividends paid by receivers to unsecured creditors
(including dividends paid to secured creditors for815 banks completely liquidated to Oct. 31,1929)
Dividends paid by receivers to secured creditors (un-available as separate item for 815 banks completelyliquidated to Oct. 31,1929)
Distributions by conservators to unsecured creditorsDistributions by conservators to secured creditorsPayments to secured and preferred creditors, including
disbursements for protection of assets. _Offsets allowed and settled (against liabilities). ._Payment of receivers' salaries, legal and other expenses.Payment of conservators' salaries, legal and other ex-
penses
Closedreceiverships,
1,219 °
$783,083,451
409,554,80560,646,460
296,284, 64516,597,541
783,083,451
409, 554,80543,510,509
1,475,40860,646,460
515,187,182
277,972,054
6,475,529
132,012,89760, 646,46033,578,643
Activereceiverships,
1,543
$2,728,221,415
1,049,133,382130,759,293
142,362,234
1,405,966,506
2,728,221,415
1,049,133,38271,625,746
57,572,588130,759,293
127,647,259
1,436,738,268
523,040, 731
33,759,130165,807,78120, 255, 292
449,063,199130,759,29341,916,309
7,274,632
Totalreceiverships,
2,762 «
$3,511,304,866
1,458,688,187191,405,753
438,646,87916,597,541
1,405,966,506
3,511,304,866
1,458,688,187115,136, 255
59,047,996191,405,753
127,647,259
1,951,925,450
801,012, 785
40, 234,659165,807, 78120, 255, 292
581,076,096191,405,75375,494,952
7,274,632a Does not include 145 banks restored to solvency and 1 bank in connection with which the receiver's
commission was revoked as of date of issuance.
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REPORT OP THE COMPTROLLER OF THE CURRENCY 39
Table showing summary of status, progress and results of liquidation of all nationalbanks placed in hands of receivers from the date of the first national bank failureApr. 14, 1865, to Oct. 81, 1934—Continued
Disposition of collections—Continued.Amount returned to shareholders' agents in cashCash .balances in hands of Comptroller and receivers..
Total-
Capital stock at date of failure—- _United States bonds held at failure to secure circulating
notesUnited States bonds held to secure circulation, sold and
circulation redeemed..Circulation outstanding at date of failureAmount of assessments upon shareholders _Total deposits at date of failureBorrowed money; bills payable, rediscounts, etc., at date
of failure (unavailable for 1,086 banks completely liqui-dated to Oct. 31, 1932)
Claims proved—
Closedreceiverships,
1,219
$4,501,599
515,187,182
150,185,420
59,175,511
59,175,51155,604,35187,401,912
419,114,387
20,002, 271427, 652,840
Activereceiverships,
1,543
$64,861,901
1,436,738, 268
231,870,085
120,840,020
118,009,720114,760,025212,063r 835
1,878, 453, 602
1,555,940,527
Totalreceiverships,
2,762
$4, 501, 59964,861,901
1,951,925,450
* 382,055,505
180,015,531
177,185,231170,364,376299,465,747
2, 297,567,989
364, 688,9571,983,593,367
6 Includes capital stock of 145 banks restored to solvency.
Data as to results of liquidation in 64 insolvent national bankscompletely liquidated and finally closed, and 28 insolvent nationalbanks the affairs of which were restored to solvency, during the yearended October 31, 1934, are given in the following table:
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National bank receiverships the affairs of which were finally closed or restored to solvency during the year ended Oct. 81, 1984
Dardanelle, Ark.3Delta, Pa.3Durham, N. CEnumclaw, Wash.tFederalsburg, MdFrisco, TexFulton, KyGeorge West, TexGoreville, 111Hammond, N. Y.3Hope, IndJacksonville, Ala.3.Kingsbury, TexKnoxville, Tenn __Laurinburg, N. CLa Veta, Colo.3Le Mars, Iowa 3
First National Bank & Trust Co.Farmers National BankFirst National BankCoggin National BankFirst National BankMerchants National BankFirst National Bank
.do-Farmers National Bank..First National Bank
.do.do-
Farmers National Bank-First National Bank
.do..do...do._do.-do-
National Bank of Covington.First National Bank
.do-Peoples National BankFirst National BankEnumclaw National Bank.First National Bank _
.do.do..do..do.
Citizens National Bank.,.-..doFirst National Bank
do-East Tennessee National Bank-First National Bank.—do....do
Lynchburg, OhioMadison, S. DakMandan, N. DakMarietta, Pa.3Marked Tree, ArkMarlin, TexMatoaka, W. VaMcHenry, N. DakMiddletown, DelMilbank, S. DakMilford, 111Montgomery, Ala.1
Monticello, Ind.1
Muskogee, OklaNebo, 111Newfleld, N. J.3Oakes, N. DakOrtonville, MinnOzark, AlaPlain view, Nebr . .Rensselaer, Ind.L ___. , ._ .Ripley, Tenn.1
Roscoe, Tex.1
Royse City, TexRush City, MinnSan Antonio, Tex.3
Sioux Falls, S. DakSioux Rapids, Iowa iSouth Pasadena, CalifStockport, Ohio 3Strawn, 111Sutton, W. VaSweetwater, TennSylvester, Tex.3Tifton, GaToronto, S. DakTownsend, MontTrinidad, Colo.3
Limon National BankCitizens National BankFirst National BankNational Bank of CommerceFirst National BankLake County National BankMerchants National BankExchange National BankFirst National BankMarlin-Citizens National BankFirst National Bank
do-Peoples National Bank..First National Bank
do-Fourth National BankNational Bank of MonticelloMuskogee-Security National Bank-First National Bank
.do.Oakes National Bank.__.Citizens National Bank-First National Bank
.do.do..-do...do. ..do. .. d o -
Commercial National BankSioux Falls National BankFirst National BankSouth Pasadena National Bank-First National BankFarmers National BankFirst National Bank _.
.do. d o -
National Bank of Tifton.First National Bank._—doTrinidad National Bank.
2 1001 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.2 Restored to solvency.3 Formerly in conservatorship.* Principal and interest paid in full.«106.5 percent principal and interest in full paid nonassenting creditors by Comptroller's checks and 100 percent paid assenting creditors by purchasing bank in accordance with
agreements.7 Dividend of 60 and 100 percent paid through purchasing bank to assenting creditors and nonassenting creditors, respectively, in accordance with agreements.
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National bank receiverships the affairs of which were finally closed or restored to solvency during the year ended Oct. 31, 1934—Continued
* Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.»Restored to solvency.3 Formerly in conservatorship.• Licensed bank subsequently found insolvent.
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EEPORT OF THE COMPTROLLER OF THE CURRENCY 4 3
STATE BANK FAILURES, DISTRICT OF COLUMBIA
Receiverships, year ended October 81,1934
In addition to national banks placed in receivership during theyear ended October 31, 1934, receivers were appointed by this officeduring such period for 8 State banks located in the District of Co-lumbia, which with similar appointments previously made resultedin a total of 14 District of Columbia State banks in charge of receiversas of October 31, 1934. Of the 8 banks for which receivers wereappointed during the current year 4 had operated under chartersfrom the State of Arizona, 2 under charters from the State of WestVirginia, 1 under charter from the State of Virginia, and 1 had beenincorporated under the laws of the District of Columbia. The ap-pointments of receivers for these banks were made under authoritygranted by existing legislation permitting banks incorporated underthe laws of the District of Columbia and banks with State chartersto operate in the District of Columbia under supervision of the officeof the Comptroller of the Currency.
Total assets of these 8 receiverships, including assets acquiredsubsequent to their failure, aggregated $12,580,853. The capital ofthese banks was $740,000 and assessments against shareholderslevied by the Comptroller of the Currency to October 31, 1934,aggregated $340,000. The collections from these assets, includingoffsets allowed and collections from stock assessments as reported byreceivers to September 30, 1934, amounted to 45.75 percent of thetotal of such assets and stock assessments. Total income earningscollected by receivers from the assets of these banks amounting to$332,097 were in excess, or 119.56 percent, of total expenses incurred.These collections and the disposition thereof were as follows:
Liquidation statement, eight banks for which receivers were appointed year endedOct. 81, 1934
Collections:Collections from assets $5, 120, 823Collections from stock assessments 16, 987Income earning collections 332, 097Offsets allowed and settled (against assets) 772, 896Unpaid balance Reconstruction Finance Corporation loans 1, 529, 653
Total 7, 772, 456
Disposition of collections:Dividends paid by receivers to unsecured creditors 1, 053, 000Dividends paid by receivers to secured creditors 0Distributions by conservators to unsecured creditors 2, 865, 833Distributions by conservators to secured creditors 10, 750Payments to secured and preferred creditors other than through
dividends 2, 421, 324Offsets allowed and settled (against liabilities) 772, 896Disbursements for the protection of assets 18, 589Payment of receivers' salaries, legal and other expenses 110, 808Payment of conservators' salaries, legal and other expenses 166, 962Cash balances in hands of Comptroller and receivers 352, 294
Total 7, 772, 456
In addition to the above record of distribution, it is found thattotal secured and unsecured claims proved against these eight re-ceiverships as reported by receivers to September 30, 1934, aggre-
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4 4 REPORT OF THE COMPTROLLER OF THE CURRENCY
gated $6,985,951. Total deposits of these banks at date of failureamounted to $8,271,441, while borrowed money consisting of billspayable, rediscounts, etc., totaled $2,022,624.
Active receiverships as of October 31, 1934
The 14 State banks located in the District of Columbia that wereas of October 31, 1934, still in charge of receivers appointed by theComptroller of the Currency and in process of liquidation had assets,including assets acquired subsequent to their failure, aggregating$22,064,544. The capital of these banks was $2,252,890, and therehad been levied by the Comptroller of the Currency to October 31,1934, stock assessments against their shareholders in the amount of$852,990. The collections from these assets, including offsets allowedand collections from stock assessments as reported by receivers toSeptember 30, 1934, amounted to 40.79 percent of the total of suchassets and stock assessments. Total income earnings collected byreceivers from the assets of these banks amounted to $498,721, or94.57 percent of total expenses incurred. These collections and thedisposition thereof were as follows:
Liquidation statement, 14- active receiverships, Oct. 31, 1934
Disposition of collections:Dividends paid by receivers to unsecured creditors 2, 451, 770Dividends paid by receivers to secured creditors 34, 466Distributions by conservators to unsecured creditors 2, 865, 833Distributions by conservators to secured creditors 10, 750Payments to secured and preferred creditors other than through
dividends 3, 555, 049Offsets allowed and settled (against liabilities) 1, 344, 307Disbursements for the protection of assets__„ 90, 387Payment of receivers' salaries, legal and other expenses 340, 288Payment of conservators' salaries, legal and other expenses 187, 089Cash balances in hands of Comptroller and receivers 705, 914
Total 11, 585, 853
In addition to the above record of distribution, it is found that totalsecured and unsecured claims proved against these 14 receiverships asreported by receivers to September 30, 1934, aggregated $9,950,010.Total deposits of these banks at date of failure amounted to $14,779,-226, while borrowed money consisting of bills payable, rediscounts, etc.,totaled $4,043,212.
UNLICENSED NATIONAL BANKS
Status as of March 16, 1933
On March 16, 1933, at the close of the banking holiday, thereremained 1,400 unlicensed national banks, exclusive of 10 unlicensedState banks located in the District of Columbia. In addition to these
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REPORT OF THE COMPTROLLER OF THE CURRENCY 45
1,400 unlicensed national banks, 5 national banks licensed prior toMarch 16, and 1 bank licensed after such date were subsequentlyclosed through revocations of license and 1 bank which suspendedprior to the date of the banking holiday continued as a closed institu-tion, making in all 1,407 national banks, which, with the addition ofthe 10 District of Columbia State banks unlicensed as of March 16,resulted in an aggregate total of 1,417 banks the affairs of which hadnot been definitely and finally disposed of on March 16, 1933.
While no comparable deposit figures are available for all of these1,417 banks, it is found that deposits as of December 31, 1932, thelast call date prior to the banking holiday, for 312 of such banks dis-posed of to December 31, 1933, through having been licensed, placedin receivership or otherwise in liquidation without the appointmentsof conservators, aggregated $319,342,522. The remaining 1,105 banks,including the 10 unlicensed District of Columbia State banks whichwere placed in charge of conservators subsequent to March 16, hadtotal deposits according to conservators' first reports of conditionsubmitted to this office, amounting to $1,652,617,500. Total depositsfor the entire 1,417 banks unlicensed as of March 16, 1933, as outlinedabove were, therefore, $1,971,960,022.
Administration of unlicensed national banks, January 1 toOctober 31, 1934
Following reorganization and licensing operations to Dceember 31,1933, in connection with the 1,417 banks unlicensed upon March16, 1933, as covered by my annual report for the year 1933, thereremained as of January 1, 1934, 487 banks still in charge of conser-vators out of the original group of 1,417 banks. Of these 487 banksin charge of conservators as of January 1, 1934, 32 with total depositsof $4.4,634,425, had, however, been reorganized prior to January 1,1934, with resulting releases amounting to approximately $24,377,000,or 54.6 percent of such total deposits, leaving 455 banks with depositsof $429,997,037 in which no reorganizations had taken place.
During the 10-month period January 1 to October 31, 1934, 40 ofthe 487 banks described above were licensed to resume business, 230banks, including 158 in which reorganizations had been consum-mated, were placed in charge of receivers, 196 were otherwise placed inliquidation following reorganizations, and 21 banks,including 6 in whichreorganizations had taken place, remained in charge of conservators asof October 31, 1934. The 368 conservator banks reorganized duringthe current 10-month period as described above, including the 40banks licensed to resume business, had total deposits of $350,354,065,while releases through such reorganizations amounted to approxi-mately $184,107,000 or 52.6 percent of such total deposits.
Organization data, together with figures as to capital, assets andliabilities as reported by conservators, for the 487 banks remainingin charge of conservators as of January 1, 1934, in total as well asseparately, for those groups of banks licensed, placed in receivership,etc., to October 31, 1934, are given in the following table:
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Unlicensed national banks remaining in charge of conservators as of Jan. 1, 1934, grouped in accordance with the disposition or status thereofas of Oct. 81, 1934, with various statistical data pertaining to such banks1
Groups of banks
Banks licensedBanks placed in receivership (following reorganizations effected in 1933)Banks placed in receivership (following reorganizations effected in 1934)Banks placed in receivership (without prior reorganizations)Banks otherwise placed in liquidation following reorganizations (in voluntary
liquidation or in contemplation thereof)Banks remaining in charge of conservators (in which reorganizations had
occurred)Banks remaining in charge of conservators (in which no reorganizations had
occurred) _
Total banks in charge of conservators as of Jan. 1, 1934.
i Includes 5 unlicensed District of Columbia State banks.
Num-ber ofbanks
4032
12672
196
Capital atdate of
organiza-tion
$1,520,0002,315,0008, 760,0004, 035,000
13, 753,000
775,020
765,000
31,923,020
Capital atdate of
conserva-tors' ap-
pointments
$1,770,0004, 465,00016,305,0009, 630,000
21,680,500
2,950,020
1,482,000
58, 282, 520
Total assetsper conserva-
tors' firstreports ofcondition
$20, 509, 95463, 556, 111223,098,338104, 561,156
244,363, 018
35, 515, 734
22, 708,441
714, 312, 752
Total de-posits per
conservators'first reportsof condition
$14,132,10944, 634,425152, 624,87965,122, 621
161,800,940
21, 796,137
14, 520, 351
474,631, 462
Total bor-rowed money
per con-servators'
first reportsof condition
$2,342, 8788, 462,28227,732,98615, 989, 577
31,179, 096
6, 777, 528
4, 240,147
'6, 724, 494
Deposits re-leased
through re-organizationsduring con-servatorship
$10,255,00024, 377,00072, 009,000
96, 665,000
5,178,000
208,484, 000
Percent-age of
depositsreleased
72.5654.6147.18
59.74
23.76
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OF THE COMPTROLLER OF THE CURRENCY 4 7
Administration of unlicensed national banks March 16, 1933,to October 31, 1934
Of the 1,417 unlicensed National and District of Columbia Statebanks, the affairs of which had not been finally disposed of as ofMarch 16, 1933, 529 banks had as of October 31, 1934, been licensedto resume business, 296 without intervening appointments of con-servators. These 529 licensed banks had total deposits, as of De-cember 31, 1932, for the 296 nonconservator banks and as reportedin conservators' first reports of condition for 233 conservator banks,amounting to $576,938,586, while the reorganizations thereof, inci-dent to issuance of licenses effected releases of deposits amounting toapproximately $522,726,000 or 90.6 percent of such total deposits.
Of the remaining 888 banks,Ì‚ 571 with deposits of $1,057,124,069had been placed in receivership to October 31, 1934, 241 of suchbanks having been reorganized prior to such receivers' appointments.These 241 banks for which receivers were appointed following reor-ganizations had total deposits of $396,260,880, while releases effectedthrough such reorganizations amounted to approximately $207,444,-000 or 52.4 percent of such total deposits.
Of the remaining 317 banks, 296 with total deposits of $301,580,879were otherwise placed in liquidation following reorganizations, whilereleases through such reorganizations amounted to approximately$207,958,000 or 69.0 percent of such total deposits. The remaining21 banks with deposits of $36,316,488 were as of October 31, 1934,still in charge of conservators, although in 6 of such banks with totaldeposits of $21,796,137, reorganizations had taken place releasingdeposits of approximately $5,178,000 or 23.8 percent of such totaldeposits. In all it is found that 1,072 banks out of the original1,417 had been reorganized to October 31, 1934, with releases effectedthrough such reorganizations amounting to approximately 72.8 per-cent of total deposits of the 1,072 banks.
Tables given herewith are supported by schedules appearing in theappendix of this report and in the report for the year 1933 furnish-ing in detail for each unlicensed national or District of ColumbiaState bank information as to assets, deposits, releases of deposits,etc., discussed above. Organization data, together with figures as tocapital, assets and liabilities as indicated by call reports of December31, 1932, and by conservators' first reports of condition for the 1,417unlicensed national and District of Columbia State banks, the affairsof which had Qot been finally disposed of as of March 16, 1933, intotal as well as separately, for the various groups of licensed banks,banks placed in receivership, etc., to October 31, 1934, are given inthe following table:
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Unlicensed national banks as of Mar. 16, 1983, indicating, and grouped in accordance with, the disposition or status thereof as of Oct. 31,1934, with various statistical data pertaining to such banks 1 00
Groups of banksNum-ber ofbanks
Capital atdate of or-ganization
Capital asof Dec. 31,1932, or as
reported inconservators'first reports
Total assetsas of Dec. 31,
1932, or asreported in
conservators'first reports
Totaldeposits asof Dec. 31,1932, or as
reported inconservators'first reports
Total borrowed moneyas of Dec. 31,
1932, or asreported in
conservators'first reports
Totaldepositsreleased
through reor-ganizations
Percent-age of
depositsreleased
Banks licensed _Banks placed in receivership (following reorganizations)Banks placed in receivership (without prior reorganizations)Banks otherwise placed in liquidation following reorganizations (in volun-
tary liquidation or in contemplation thereof)Banks remaining in charge of conservators (in which reorganizations had
occurred)..Banks remaining in charge of conservators (in which no reorganizations had
i Includes 10 unlicensed District of Columbia State banks.
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ORGANIZATION AND LIQUIDATION OF NATIONAL BANKS
At the close of the current year, October 31, 1934, there were 5,589national banking associations in existence, including inactive bankswhich had not gone into voluntary liquidation, suspended banks, andbanks in charge of conservators for which no receivers had beenappointed. Such institutions are technically in existence. This rep-resents a net loss since October 31, 1933, of 210 banks, or a fractionless than 4 percent, and $260,131,924 in the authorized commoncapital stock. However, at the close of the period under discussionthere was outstanding $468,078,445 of preferred capital stock issuedunder the provisions of the act of March 9, 1933. During the currentyear 107 banks increased their common capital by the aggregate sumof $8,332,526.67. Of this number, four banks effected the increaseby stock dividends, the amount of such increase being $400,000, andeight banks with an aggregate increase of $175,600 from their netearnings incident to the retirement of preferred capital. During thisperiod, by the issuing of preferred stock, 1,292 banks increased theircapitalization by $373,320,150. The increase of 1,229 banks aggregat-ing $351,173,389.65 was purchased by the Reconstruction FinanceCorporation.
An active effort was made by the office of the Comptroller of theCurrency during the past year to strengthen the capital position ofexisting or going national banking associations in order that all banksmight be provided with a satisfactory ratio of capital to depositsand thereby increase the margin of protection for depositors. As aresult 107 national banks increased common capital stock in the sumof $8,332,526.67, and additional capital strengthening in the amountof $373,320,150 was provided by the sale of preferred stock in 1,292national banking associations. The foregoing figures, totaling$381,652,676.67, are exclusive of capital paid into newly organizednational banking associations, and as a comparison it is noted thatcapital strengthening by the sale of common stock and preferred stockin going or existing national banks last year amounted to $57,719,950.
Covering the entire period of national banking operations, up toand including October 31, 1934, there have been authorized to beginbusiness 14,296 national banking associations. Of these 5,945 havevoluntarily closed, some of which discontinued business; othersmerged with other banks, both State and national; and some con-solidated with other national banking associations under authority ofthe act of November 7, 1918. Exclusive of banks which failed butwhich were subsequently restored to solvency, the loss to the systemthroughout this entire period by the liquidation of banks throughreceiverships has been 2,762, the number of these receiverships being19 percent of the total number of banks organized.
During the year ended October 31, 1934, there were 357 nationalbanks, with total common capitalization of $45,188,000, two ofwhich also had preferred capital aggregating $75,000, which went into
49
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5 0 REPORT OF THE COMPTROLLER OF THE CURRENCY
voluntary liquidation. Of this number 28, with common capital of$2,295,000 and assets of $9,333,558, discontinued business; 292,with common capital of $39,403,000 and preferred capital of $75,000were acquired by other national banks; and 37, with capital of $3,490,-000 and assets of $30,159,449, entered the State banking systems.The latter group included three banks of $300,000 capital or over,with aggregate capital of $1,100,000 and assets of $7,751,310.
November 1914 marked the inauguration of the operation of theFederal Reserve System. At that date there were in existence 7,578national banks, with aggregate common capital of $1,072,492,175, ascompared with a total common capitalization of $1,326,915,901 forthe 5,589 national banks in existence on October 31, 1934; 1,833 ofthe national banks took advantage of the act of March 9, 1933, byissuing preferred capital stock and the aggregate amount outstandingatclose of the current year was $468,078,445. Therewas a netdecreaseof 1,989 in the number of banks, but an increase in common capitaliza-tion of $254,423,726 in addition to preferred capitalization of$468,078,445. During this 20-year period 3,644 national banks werechartered, with aggregate common capital of $548,516,600 and apreferred capital of $51,124,300, while 5,633 associations were closedvoluntarily or otherwise.
During the year ended October 31, 1934, in addition to applicationscarried over from the previous year, there were received 409 applica-tions to organize national banks and to con vert State banks into nationalbanking associations, with proposed capital stock of $49,154,190.Of these applications, 470 were approved, with proposed capital stockof $59,974,500; 59 were rejected, with proposed capital stock of$5,070,000; and the remainder were abandoned or no action wastaken thereon. Of the 427 banks chartered, 244 were chartered totake over 278 banks which were in weakened condition, while 157others were organized to acquire the assets and assume the liabilitiesof 158 suspended national banks and 11 State banks in charge ofconservators or for which receivers were appointed. Only 26 of thistotal number of applications were approved for the primary organiza-tion of new national banking associations; however, 11 of this lattergroup subsequently acquired the assets and assumed the liabilities tocreditors of a like number of insolvent national banks.
In this same year, 476 national banking associations, with commoncapital of $41,396,800, were authorized to begin business, 18 of whichwere located in the New England States, 136 in the Eastern States,106 in the Southern States, 169 in the Middle Western States, 37 inthe Western States, and 10 in the Pacific States. During this period306 of the banks chartered had, in addition to their common capitaliza-tion, preferred capital stock aggregating $19,777,300. The greatestactivity, as indicated by the number of national banks organized,was evidenced in the following States: Pennsylvania, 87; Illinois, 41;Texas, 39; Ohio, 34; Michigan, 25; New Jersey, 22; Iowa, 21; NewYork, 21; Wisconsin, 19; Indiana, 15; West Virginia, 13; Nebraska,10; Colorado, 9; Arkansas, 8; Minnesota, 8; Georgia, 7; Kentucky, 7;Louisiana, 7; Oklahoma, 7; Massachusetts, 6; Maryland, 6; Missouri,6; North Carolina, 6; and Virginia, 6. In other States the numberranged from 1 to 5 banks.
It further appears that of the total number of charters issued withinthe year ended October 31, 1934, 18 with authorized common
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REPORT OF THE COMPTROLLER OF THE CURRENCY 5 1
capital of $5,905,000 and no preferred capital, and assets aggregatingapproximately $77,051,917, were the result of conversions of Statebanks, 31 with common capital of $2,497,000 and preferred capital of$2,498,000 were reorganizations of 32 State banks, 401 with com-mon capital of $28,927,500 and preferred capital of $16,452,000were primary organizations for the purpose of acquiring the businessof 436 liquidating or suspended national banks and 11 State banks,and 26 with common capital of $4,067,300 and preferred capital of$827,300 did not acquire the business of any other banking institutionas of date of charter. The business of 32 State banks, with capitalof $1,569,500 and assets aggregating approximately $17,029,780, waspurchased by national banks.
During the year ended October 31, 1934, 4 national banking associa-tions were consolidated into 2, under authority of the act of November7, 1918, the common capital of the consolidated banks being $300,000,and the preferred capital $50,000. In each instance there was anincrease in capital, the net result by reason of these consolidationsbeing an increase in the common capital stock of $50,000, and in thepreferred capital stock of $50,000. During the same period therewere 10 consolidations under the act of February 25, 1927, involvingthe merger of 10 State banks with national banks, through whichadditional assets of approximately $74,714,485 were brought into thenational system.
ORGANIZATION OF BANKS OTHER THAN NATIONAL
In the year ended October 31, 1934, three banks other than nationalfor which the consent of this office was given to permit commencementof business, were incorporated under the provisions of the Code ofLaws of the District of Columbia. One of these associations was theIndustrial Bank of Washington, which was organized to take over theIndustrial Savings Bank for which a receiver was appointed September20, 1934. The other two associations were the Export-Import Bankof Washington, and the Second Export-Import Bank of Washington,D. C , pursuant to Executive orders dated February 2, 1934, andMarch 9, 1934, respectively, which are quoted below:
EXECUTIVE ORDER
AUTHORIZING THE FORMATION OF A BANKING CORPORATION TO B EKNOWN AS EXPORT-IMPORT BANK OF WASHINGTON
WHEREAS the Congress of the United States has declared that anational emergency exists by reason of widespread unemployment anddisorganization of industry; and has declared it to be the policy ofCongress to remove obstacles to the free flow of interstate and foreigncommerce which tend to diminish the amount thereof, to provide forthe general welfare, by promoting the fullest possible utilization ofthe present productive capacities of industries, to reduce and relieveunemployment, to improve standards of labor, and otherwise to reha-bilitate industry; and
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5 2 REPORT OF THE COMPTROLLER OF THE CURRENCY
WHEREAS in order to meet said emergency and to provide therelief necessary to protect the general welfare of the people the Con-gress has enacted, inter alia, the following acts:
1. National Industrial Recovery Act, approved June 16, 1933;2. Reconstruction Finance Corporation Act, approved Janu-
ary 22, 1932;3. Bank Conservation Act, approved March 9, 1933; and
WHEREAS in order effectively and efficiently to carry out theprovisions of said acts it is expedient and necessary that a bankingcorporation be organized with power to aid in financing and to facili-tate exports and imports and the exchange of commodities betweenthe United States and other nations or the agencies or nationalsthereof;
NOW, THEREFORE, under and by virtue of the authority vestedin me by the National Industrial Recovery Act of June 16, 1933, itis hereby declared that an agency, to wit; a banking corporation, becreated pursuant to title 5, chapter 9, section 261 of the Code of theDistrict of Columbia under the name of Export-Import Bank ofWashington.
The governing body of said corporation shall consist of a board oftrustees composed of five members, and the following persons, whohave been invited and who have given their consent to serve, shallact as incorporators and shall handle the concerns of the corporationfor the first year:
Daniel C. Roper, Secretary of Commerce.Robert F. Kelley, Chief of the Division of Eastern European
Affairs, Department of State.Chester C. Davis, Administrator, Agricultural Adjustment
Administration.Stanley Reed, General Counsel, Reconstruction Finance Cor-
poration.Lynn P. Talley, Executive Assistant to the Directors of the
Reconstruction Finance Corporation.The operations of the corporation shall be carried on in the District
of Columbia, and the main office of the corporation shall be at 1825H Street NW., Washington, District of Columbia.
The amount of capital stock of the corporation shall be $11,000,-000.00, divided into classes and shares as follows:
(a) $1,000,000.00 par value of common stock, divided into tenthousand shares of the par value of $100.00 each; and
(b) $10,000,000.00 par value of preferred stock, divided intoten thousand shares of the par value of $1,000.00 each.
The Secretary of State and the Secretary of Commerce are herebyauthorized and directed to cause said corporation to be formed, withsuch certificate of incorporation, and bylaws, as they shall deemrequisite and necessary to define the methods by which the corporationshall conduct its business.
The persons above named are authorized and directed to subscribefor all the common capital stock for the use and benefit of the UnitedStates, of which amount five shares may be held in the respectivenames of the initial trustees and their successors if required by thelaw under which said banking corporation is incorporated.
There is hereby set aside for the purpose of subscribing for thecommon capital stock of said corporation the sum of $1,000,000.00 out
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REPORT OF THE COMPTROLLER OF THE CURRENCY 53
of the appropriation of $3,300,000,000.00 authorized by section 220of the National Industrial Recovery Act and made by the FourthDeficiency Act, fiscal year 1933, approved June 16, 1933 (Public, No.77, 73d Cong.).
It is hereby further directed that any common stock in said cor-poration standing in the name of the United States shall be voted bysuch person or persons as they—the Secretary of State and the Secre-tary of Commerce—shall appoint as their joint agent or agents forthat purpose. Any vacancies occurring in the initial board of trusteesshall be filled by the board of trustees, subject to the approval of thePresident of the United States.
FEANKLIN D. ROOSEVELT.THE WHITE HOUSE,
February 2, 1984.
EXECUTIVE ORDER
AUTHORIZING THE FORMATION OF A BANKING CORPORATION TO BEKNOWN AS SECOND EXPORT-IMPORT BANK OF WASHINGTON, D. C.
WHEREAS The Congress of the United States has declared thata national emergency exists by reason of widespread unemploymentand disorganization of industry; and has declared it to be the policyof Congress to remove obstructions to the free flow of interstate andforeign commerce which tend to diminish the amount thereof; toprovide for the general welfare by promoting the fullest possibleutilization of the present productive capacity of industries, to reduceand relieve unemployment, to improve standards of labor and other-wise to rehabilitate industry and to conserve national resources; and
WHEREAS in order to meet said emergency and to provide therelief necessary to protect the general welfare of the people, theCongress of the United States has enacted, inter alia, the followingacts:
1. National Industrial Recovery Act, approved June 16, 1933;2. Agricultural Adjustment Act, approved May 12, 1933;3. Reconstruction Finance Corporation Act, approved Jan-
uary 22, 1932;4. Bank Conservation Act, approved March 9, 1933; and
WHEREAS in order effectively and efficiently to carry out theprovisions of said acts it is expedient and necessary that a bankingcorporation be organized with power to aid in financing and to facili-tate exports and imports and the exchange of commodities betweenthe United States and other nations or the agencies or nationalsthereof;
NOW, THEREFORE, under and by virtue of the authorityvested in me by the National Industrial Recovery Act of June 16,1933, it is hereby declared that an agency, to wit: a banking corpora-tion, be created pursuant to title 5, chapter 9, section 261 of theCode of the District of Columbia (1929), under the name of SecondExport-Import Bank of Washington, D. C.
The governing board of said corporation shall consist of a boardof trustees composed of nine members, and the following persons,who have been invited and who have given their consent to serve,
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5 4 REPORT OF THE COMPTROLLER OF THE CURRENCY
shall constitute the initial board of trustees and shall handle theconcerns of the corporation for the first year:
Daniel C. Roper, Secretary of Commerce.R. Walton Moore, Assistant Secretary of State.George N. Peek, Special Adviser to the President on Foreign
Trade.Robert F. Kelley, Chief of the Division of Eastern European
Affairs, Department of State.Chester C. Davis, Administrator, Agricultural Adjustment
Administration.Tom K. Smith, Assistant to the Secretary of the Treasury.Stanley Reed, General Counsel, Reconstruction Finance
Corporation.Lynn P. T alley, Executive Assistant to the Directors of the
Reconstruction Finance Corporation.Harold H. Neff, Assistant Chief, Securities Division, Federal
Trade Commission.The operations of the corporation shall be carried on in the District
of Columbia, and the main office of the corporation shall be at1825 H Street NW., Washington, District of Columbia, or at suchother place as may be determined by the board of trustees.
The amount of capital stock of the corporation shall be $2,750,000divided into classes and shares as follows:
(a) $250,000 par value of common stock, divided into 2,500shares of the par value of $100 each; and
(6) $2,500,000 par value of preferred stock, divided into 2,500shares of the par value of $1,000 each.
The Secretary of State and the Secretary of Commerce are herebyauthorized and directed to cause said corporation to be formed withsuch certificate of incorporation, and bylaws, as they shall deem req-uisite and necessary to define the methods by which the corporationshall conduct its business.
The Secretary of State and the Secretary of Commerce are author-ized and directed to subscribe for all of the common capital stockof said corporation for the use and benefit of the United States, andshall provide that one share thereof shall be issued to each of theinitial trustees and their successors in order to qualify them to holdthe office of trustee in said banking corporation.
There is hereby set aside for the puropse of subscribing for thecommon capital stock of said corporation, the sum of $250,000 outof the appropriation of $3,300,000,000 authorized by section 220 ofthe National Industrial Recovery Act and made by the FourthDeficiency Act, fiscal year 1933, approved June 16, 1933 (Public,No. 77, 73d Cong.).
It is hereby further directed that any common stock in said corpo-ration standing in the name of the Secretary of State and the Sec-retary of Commerce, for the use and benefit of the United States,shall be voted by such person or persons as they, the Secretary ofState and the Secretary of Commerce, shall appoint as their jointagent or agents for that purpose. Any vacancies occurring in the
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REPORT OF THE COMPTROLLER OF THE CURRENCY 55
initial board of trustees shall be filled by the remaining members,subject to the approval of the President of the United States.
FRANKLIN D. ROOSEVELT.THE WHITE HOUSE,
March 9, 1934.
Additional information with respect to the export-import banks ispublished on pages 137 and 138.
BRANCHES
On February 25, 1927, the date of the passage of the so-called"McFadden bill/' there were in existence in the national system 372branches as compared with a total of 1,264 branches in existence onOctober 31, 1934.
During the intervening period 1,651 branches have been added tothe system, of which 834 were de novo branches, 307 were branchesof State banks which converted into national associations, and 510were brought into the national system through consolidations ofState with national banks, while 759 branches were relinquished, ofwhich latter number 538 went out of the system through the liquida-tion of the parent institutions, and the remainder, 221, were discon-tinued through consolidations and for various other reasons. Thenet result of these operations was a gain for the national system of 892branches for the period under discussion.
In the year ended October 31, 1934, a net gain of 53 branches inexistence was recorded, 113 de novo branches being established, 64of which were authorized under the Banking Act of 1933 in placesother than local. There were no branches brought into the systemduring this period through the conversion of State banks, or the con-solidation of State banks with national banks.
Sixty branches were lost to the national system, 38 through liqui-dation of the parent bank and 22 through action of the directors andshareholders.
There follows a summary of branch-banking operations in thenational system during the period discussed in the foregoing:
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56 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and kind of branches on Feb. 25, 192?', and number andmanner of acquisition of additional branches of national banks by years to close ofOct. 81, 1984
On Feb. 25, 1927Period ended Oct.
31,1927Year ended Oct.
31,1928Year ended Oct. 31,
1929. _Year ended Oct. 31,
1930Year ended Oct. 31,
1931Year ended Oct. 31,
1932Year ended Oct. 31,
1933Year ended Oct. 31,
1934 _.
Total
Authorized
Conver-sions of
Statebanks
165
296
8
2
1
472
Consoli-dationsof Statebanks
104
62
82
5
95
162
510
Under act Feb. 25,1927, as amended
Localcity
branches
207
127
103
89
86
50
102
106
49
919
Otherthan
local citybranches
58
64
122
Total
372
527
173
173
92
145
264
164
113
2,023
Closed
Involun-tary
liqui-dations
15
17
241
24
297
Volun-tary
liqui-dations
20
86
32
2
87
14
241
Lapsedor con-
soli-dated
60
18
35
30
30
26
22
221
ist-ence
372
899
992
1,061
1,086
1,184
1,314
1,211
1,264
1,264
Table showing number and kind of branches authorized and closed during the yearended Oct. 81, 1934
Classes
Statutory^ ~Additional offices, c branchesMillspaugh Act~ , , ("localc b r a n c n e s {other than locaL"___"__
Total
Inopera-tionFeb.25,1927
} 165202
5
372
Inexist-enceOct.31,1933
/ 376\ 297
915
38458
1,211
Author-ized
duringyear
endedOct.31,
1934
4964
113
Closed during the year endedOct. 31, 1934
share-holders
111
4
16
Bydirect-
ors
117
IS
Lapsed
2
2
Insol-vent
242
16
24
Totalin ex-
istenceOct.31,
1934
365294873
400115
1,264
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EEPORT OF THE COMPTROLLER OF THE CURRENCY 57Table showing number and manner of acquisition of domestic branches of national
banks during the year ended Oct. 31, 1934
Char-ter no. Title and location
Branches authorized duringthe year ended Oct. 31, 1934
Under act Feb. 25,1927, as amended
LocalOtherthanlocal
Total
12545249189073050917413044
3351338
13938
142283595
1371613768
12979
141851362213671139761375813799142494398
93107038
88001209
1262149639
13959132422553393721
13882
CALIFORNIA
The Seaboard National Bank of Los Angeles,.Security-First National Bank of Los AngelesThe Citizens National Trust and Savings Bank of Riverside....The First National Trust and Savings Bank of San DiegoThe Anglo California National Bank of San FranciscoBank of America National Trust and Savings Association, San
Francisco
CONNECTICUT
The First National Bank and Trust Company of Bridgeport. __.Hartford National Bank and Trust Company, Hartford
IDAHO
American National Bank of Idaho Falls...
The Merchants National Bank of Indianapolis..The Merchants National Bank of Terre Haute..
The Calcasieu-Marine National Bank of Lake^Charles.The First National Bank of Shreveport
MAINE
The First National Bank of LewistonFirst National Bank at PortlandNorthern National Bank of Presque Isle.
MASSACHUSETTS
First National Bank in Medford
MICHIGAN
Security National Bank of Battle CreekThe National Bank of Bay CityNational Bank of DetroitNational Bank of Flint ._.The National Bank of Grand RapidsPeoples National Bank of Grand RapidsThe National Metals Bank of HancockThe Hackley Union National Bank of Muskegon.
NEVADA
The Ely National Bank, Ely..First National Bank in Reno..
N E W JERSEY
The Boardwalk National Bank of Atlantic City
First Camden National Bank and Trust Company, Camden..
N E W YORK
The New York State National Bank, AlbanyFirst National Bank & Trust Company of ElmiraNiagara County National Bank and Trust Company of Lockport-The Fidelity National Bank in New YorkUnited National Bank of Long Island in New YorkFirst and Second National Bank and Trust Company of Oswego.Lincoln National Bank and Trust Company of SyracuseThe ManufacturersNational Bank of Troy.First National Bank in Yonkers —-Digitized for FRASER
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58 REPORT OF THE COMPTROLLER OP THE CURRENCY
Table showing number and manner of acquisition of domestic branches of nationalbanks during the year ended Oct. 31, 1934—Continued
Char-ter no.
769813761
4318139207781
1553
14107131751315314277
1398113901
4631
20493032
25979403
13755
10618259410194
1128043753417
Title and location
NORTH CAROLINA
The Citizens National Bank of Durham-Security National Bank of Greensboro..-
OHIO
Central United National Bank of ClevelandThe Mansfield Savings Trust National Bank, Mansfield.The Security Central National Bank of Portsmouth
OREGON
The First National Bank of Portland...
PENNSYLVANIA
The First National Bank at McKees RocksThe Northeast National Bank of Philadelphia.The Forbes National Bank of PittsburghUnion National Bank of Reading
RHODE ISLAND
The Columbus National Bank of ProvidenceRhode Island Hospital National Bank of Providence..
SOUTH DAKOTA
The First National Bank of Lead
TENNESSEE
Park National Bank of Knoxville *The American National Bank of Nashville..
First Security Bank of Utah, National Association, OgdenaThe Continental National Bank and Trust Company of SaltLake City..
VERMONT
National White River Bank in Bethel
VIRGINIA
National Bank and Trust Company at Charlottesville.The Peoples National Bank of CharlottesvilleThe Seaboard Citizens National Bank of Norfolk
WASHINGTON
First National Bank of Seattle _The National Bank of Commerce of Seattle.The National Bank of Tacoma
Total (61 banks).
Branches authorized duringthe year ended Oct. 31, 1934
Under act Feb. 25,1927, as amended
Local
49
Otherthanlocal
Total
1 Formerly The East Tennessee National Bank of Knoxville which was placed in hands of a receiverJan. 20,1933, and subsequently restored to solvency on Dec. 21,1933.2 Formerly First National Bank of Ogden.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 59Table showing number and class of domestic branches of national banks closed
during the year ended Oct. 81, 1934
Char-terno.
Title and location Manner of closing
Branches closed
Branches under actof Feb. 25, 1927,as amended
Addi-tionalofficeswhich
becamebranchesFeb. 25,
1927
Branchesauthor-
izedsince
Feb. 25,1927
Statebank
branchesin oper-
ationFeb. 25,
1927,which
were con-vertedor con-
solidated
Total
2491
9545
1559
13068
12132
3285
9829
13573
13689
4907
7589
13738
136718148
12338
12631
1317
Security-First National Bank ofLos Angeles.
DISTRICT OF COLUMBIA
District National Bank of Wash-ington.
GEORGIA
The First National Bank of At-lanta.
The Citizens and Southern Na-tional Bank, Savannah.
INDIANA
The National City Bank ofEvansville.
Old First National Bank andTrust Company of Fort Wayne.
The Fletcher American NationalBank of Indianapolis.
KENTUCKY
First National Bank and TrustCompany of Lexington.
LOUISIANA
Calcasieu National Bank in LakeCharles.
The National Bank of Commercein New Orleans.
Board of directors..
Receiver.
Shareholders.
Board of directors._
Receiver
Voluntary liquidation-
Board of directors..
Voluntary liquidation-
Board of directors
MASSACHUSETTS
Bank,Springfield NationalSpringfield.
MICHIGAN
Old-Merchants National Bankand Trust Company of BattleCreek.
The Manufacturers NationalBank of Detroit.
National Bank of DetroitThe Capital National Bank of
Lansing.
NEW JERSEY
First National Bank of EastOrange.
The South Side National Bankand Trust Company of Newark.
The Orange National Bank
Voluntary liquidation.
Board of directors
.do-Receiver.
-do-
Voluntary liquidation-
Receiver
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60 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing number and class of domestic branches of national banks closedduring the year ended Oct. 31, 1934—Continued
Char-terno.
6427
2370
721
653
12278
51
352
3604
1606
2049
9885
Title and location
NEW YORK
The National City Bank of NewRochelle.
The Chase National Bank of theCity of New York.
The Manufacturers NationalBank of Troy.
The First National Bank andTrust Company of Yonkers.
NORTH CAROLINA
The Farmers National Bank andTrust Company of Winston-Salem.
PENNSYLVANIA
The First National Bank ofJohnstown.
The Sixth National Bank ofPhiladelphia.
Commercial National Bank ofPhiladelphia.
TENNESSEE
The First National Bank ofChattanooga.
Park National Bank of Knox-ville.
VIRGINIA
National Bank of Commerce ofNorfolk.
Total (29 banks)
Manner of closing
Receiver
Board of directors
do
Receiver. _
Voluntary liquidation
Receiver
do
do
do
Board of directors
do
Branches closed
Branches under actof Feb. 25, 1927,as amended
Addi-tionalofficeswhich
becamebranchesFeb. 25,
1927
1
1
2
4
Branchesauthor-
izedsince
Feb. 25,1927
1
1
1
1
1
3
3
1
1
2
39
Statebank
branchesin oper-
ationFeb. 25,
1927,which
were con-vertedor con-
solidated
2
1
17
Total
1
1
1
4
2
1
3
5
1
1
2
60
NATIONAL-BANK CIRCULATION
Consols and Panama 2 percent bonds outstanding eligible as securityfor national-bank circulation on June 30, 1934, aggregated $674,-625,630, the same as on June 30 of the year previous, comprising $599,-724,050 consols of 1930, $48,954,180 Panama Canal 2's of 1916-36,and $25,947,400 Panama Canal 2's of 1918-38. In addition therewere outstanding on the date indicated Treasury and other UnitedStates bonds of $5,803,981,690 bearing interest at a rate not exceeding3% percent per annum which, under the provisions of section 29 of theFederal Home Loan Bank Act approved July 22, 1932, were alsoeligible as security for national-bank circulation for a period of 3 yearsfrom the date of enactment of the act.
On June 30 of the current year there were on deposit with theTreasurer of the United States as security for national-bank circula-
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REPORT OF THE COMPTROLLER OF THE CURRENCY 61
tion, bonds totaling $736,948,670, comprising $522,693,900 of consols,$50,505,720 of Panama Canal 2's, and $163,749,050 Treasury andother United States bonds.
The circulation of national banks outstanding on June 30 this year,secured by all classes of eligible bonds and lawful money, amounted to$954,694,753. Of this amount $729,973,968 was secured by bondsand the remainder, $224,720,785, by lawful money held by the Treas-urer to provide for the redemption of the notes of banks retiring theircirculation and on account of associations in liquidation.
Statement of capital stock of national banks, national-bank notes and Federal Reservebank notes outstanding, bonds on deposit, etc.
July 2, 1934 June 1, 1934 July 1, 1933
Authorized capital stock of national banks, commonPaid-in capital stock of national banks, common
$1,354,103,7411,354,103,741
$1,370,361,9411,370,361,941
$1, 597,369,6751,597,343,245
Increase ordecrease since
above date
Increase ordecrease since
above date
Increase of authorized capital stock, common-Decrease of authorized capital stock, common.Increase of paid-in capital stock, commonDecrease of paid-in capital stock, common
$16,258,200 $243,265,934
16,258,200 243, 239,504
Authorized capital stock of national banks, preferred,par value
Paid-in capital stock of national banks, preferred, parvalue
$412,963, 600
412,963,600
$368,502,700
368,502,700
$54,412,100
54,412,100
Increase ordecrease since
above date
Increase ordecrease since
above date
Increase of authorized capital stock, preferred, par value-Decrease of authorized capital stock, preferred, par value..Increase of paid-in capital stock, preferred, par valueDecrease of paid-in capital stock, preferred, par value
$44,460,900 $358,551,500
44,460,900 358,551,500
National-bank notes outstanding secured by UnitedStates bonds, old and new series
National-bank notes outstanding secured by lawfulmoney, old and new series
Total national-bank notes outstanding, old andnew series
$729,973,968
224,720,785
$743,980,298
219,211,255
$853,935,968
116,665,120
954, 694, 753 963,191,553 970,601,088
Increase ordecrease since
above date
Increase ordecrease since
above date
Increase secured by United States bonds._Decrease secured by United States bonds.Increase secured by lawful money.Decrease secured by lawful money
$14,006,3305,509,530
$123,962,000108,055,665
Net increase-Net decrease.. 8,496,800 15,906,335
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62 REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of capital stock of national banks, national-bank notes and Federal Reservebank notes outstanding, bonds on deposit, etc.—Continued
Federal Reserve bank notes outstanding secured byUnited States bonds
Federal Reserve bank notes outstanding secured by law-ful money
Total Federal Reserve bank notes outstanding
$2,432,763
2,432,763
Increase secured by United SIDecrease secured by United SIncrease secured by lawful moDecrease secured by lawful m
Net increase
ates bondstates bondsneyaney.. _
Net decrease
Kinds of bonds on deposit
United States consols of 1930(2 percent).
United States Panama of 1936(2 percent).
United States Panama of 1938(2 percent).
United States Treasury, 51-55 (3 percent).
United States Treasury, 46-49 (ZH percent).
United States Treasury, 41-43 (3H percent).
United States Treasury, 40-43 (3% percent).
United States Treasury, 43-47 (SH percent).
United States Panama Canal,1961 (3 percent).
United States convertible, 46-47 (3 percent).
United States Treasury, 33-41 (334 percent).
United States Treasury, 46-48 (3 percent).
United States Treasury, 44-46 (3H percent).
Total
On depositto securenational-
bank notes
$522, 693,900
34, 784,860
15,720,860
36,424,850
21,665,650
27,492,000
10, 646,150
25,434, 750
1,000
1,015,000
26, 334, 650
2, 255, 000
12,480,000
736,948,670
One dollarTwo dollarsFive dollarsTen dollarsTwenty dollarsFifty dollarsOne hundred dollars..Five hundred dollars.One thousand dollars.Fractional parts
i Notes redeemed but not assorted by denominations.
In the year ended October 31, 1934, the withdrawal of bonds heldby the Treasurer of the United States in trust as security for national-bank circulation amounted to $238,015,280.
The withdrawals by reason of liquidation of banks amounted to$12,182,510, and on account of banks placed in charge of receivers,$59,683,870.
Bonds held by the Treasurer of the United States in trust assecurity for circulation were augmented to the extent of $80,433,700on account of deposits made by newly organized banks, and by thoseincreasing their circulation. The transactions of the year by monthsin each account named are shown in the following statement:
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EEPOBT OF THE COMPTBOLLEB OF THE CUBBENCY 63
United States bonds deposited as security for circulation by banks chartered and bythose increasing their circulation, together with the amount withdrawn by banksreducing their circulation, and by those closed during each month, year endedOct. 31, 1934
Date
Bondsdepositedby bankscharteredand thoseincreasingcirculationduring the
1 Includes $23,588,250 deposited by 250 of 476 banks chartered during the year.
Of the 5,422 reporting licensed national banks on June 30, 1934,there were 4,600 banks with common capital of $919,833,000 issuingcirculating notes, and on the same date the amount of notes outstand-ing aggregated $698,293,000. The 822 banks which did not exercisethe circulation privilege had common capital stock amounting to$406,889,000.
A table disclosing the number of licensed national banks issuingcirculation, their capital and amount of circulation outstanding,according to reserve cities and States, together with the number ofassociations not issuing circulation and their capital, on June 30, 1934,is published in the appendix of this report.
There is also published in the appendix a table showing, by months,the profit on national-bank circulation based upon a deposit of $100,000Panama Canal 2-percent bonds of 1916-36 at the average net priceduring the year ended October 31, 1934. The table includes alsolike figures relative to $100,000 of United States 2-percent consolsof 1930 so far as may be computed. Due to the unknown date ofmaturity of the consols, however, it is impossible to determine theamount of sinking fund necessary to provide for liquidation of thepremium paid for the bonds. The tables mentioned are supplementedby others showing the investment value of circulation bonds quarterlyand the monthly range of prices in New York in the year endedOctober 31, 1934.
With reference to the Federal Home Loan Bank Act approved July22, 1932, section 29 of which extended the circulation privilege tonational banks for a period of 3 years upon the deposit with theTreasurer of the United States bonds with interest not exceeding 3%percent, no calculation can be made of profit on circulation issued
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6 4 EEPOET OF THE COMPTROLLER OF THE CURRENCY
through bonds deposited for the purpose due to the indeterminatemarket value of the bonds at the end of the 3-year period.
REDEMPTION OF NATIONAL AND FEDERAL RESERVE BANKCIRCULATION
During the year ended June 30, 1934, the national-bank notes,Federal Keserve notes, and Federal Reserve bank notes aggregating$1,558,047,780 were redeemed in the United States Treasury at a totalexpense of $463,776.22.
Redemptions included Federal Reserve notes amounting to $1,039,-575,495; Federal Reserve bank notes received from all sources,$50,426,500; and national-bank notes of $468,045,785, the latteramount including $99,748,405 redeemed on retirement account.
National-bank notes were redeemed at an average cost of 90 centsper $1,000; Federal Reserve notes received from sources other thanthe Federal Reserve banks, 56 cents per 1,000 notes; canceled andother Federal Reserve notes received direct from Federal Reservebanks and branches, 31 cents per 1,000 notes redeemed; and redemp-tion on account of Federal Reserve bank notes at the rate of 86 centsper 1,000 notes.
Statements showing the amount of national-bank notes, FederalReserve notes, and Federal Reserve bank notes received monthly forredemption in the year ended June 30, 1934, the source from whichreceived, the rate per $1,000 of national-bank notes redeemed, andthe rate per 1,000 notes of Federal Reserve and Federal Reserve banknotes redeemed, are published in the appendix of this report.
CONDITION OF NATIONAL BANKS AT DATE OF EACH CALL DURINGTHE YEAR
Under authority of section 5211, United States Revised Statutes,national banks were called upon to submit four reports of conditionduring the year ended October 31, 1934, as of various dates specifiedby the Comptroller.
Summaries of assets and liabilities of reporting banks on the dateof each call during the year, together with a summary for October 25,1933, are shown in the following statement:
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Abstract of reports of condition of national banks on dates indicated[In thousands of dollars]
Oct. 25, 1933(5,057 banks)»
Dec. 30, 1933(5,159 banks) i
Mar. 5, 1934(5,293 banks) i
June 30, 1934(5,422 banks) l
Oct. 17, 1934(5,466 banks) l
Loans and discounts (including rediscounts) 2__Overdrafts _-U. S. Government securities, direct obligations _. _ _.Securities guaranteed by U. S. Government as to interest and principalOther bonds, stocks, securities, etcCustomers' liability account of acceptancesBanking house, furniture and fixturesOther real estate ownedReserve with Federal Reserve banks _Cash in vaultBalances with other banks _Outside checks and other cash itemsRedemption fund and due from U. S. TreasurerAcceptances of other banks and bills of exchange or drafts sold with endorsement..Securities borrowedOther assets - -
8, 257,9374,224
4, 111, 645
3, 383, 270198,820646, 292158,422
1, 684, 024329, 786
2,149, 65425, 54338,3874,3303,699
202, 616
Total.. 21,198,649
Demand deposits, except U. S. Government deposits, other public funds and deposits of otherbanks.
Time deposits, except postal savings, public funds, and deposits of other banksPublic funds of States, counties, municipalities, etc _U. S. Government and postal-savings depositsDeposits of other banks, certified and cashiers' checks outstanding, and cash letters of credit and
travelers' checks outstanding
7,180,7665, 484, 5611, 076, 6911, 095,139
2, 218,051
Total depositsSecured by pledge of loans and/or investmentsNot secured by pledge of loans and/or investments.
17,055,208
Circulating notes outstandingAgreements to repurchase U. S. Government and other securities soldBills payableRediscounts..- .--Obligations on industrial advances transferred to the Federal Reserve bank..
746,91313,41281,06419, 302
8,101,1563,053
4, 469,147
3, 401, 625229,956645, 278158, 530
1, 747, 364343,117
2, 313, 45443,25040, 47414, 0055,716
231, 358
7,899, 2793,394
5, 407, 3482 141, 579
3,286,864191, 258643,643165, 415
2, 029,848358,302
2,498,83332,81240,85112, 5044,508
224, 735
7,694, 7492,994
5, 645,7412357,911
3,344,901129,128655,819151,970
2, 497,400352,402
2, 798,24148,92236,426
1,4082,112
181,468
7,633,9244,720
5,837,378510,854
3 3, 570,137137,155654,056158,880
2, 509, 639418,756
3,102, 39544,29935,075
1,2011,646
191, 275
21, 747,483 22,941,173 23,901, 592
7, 331,0575, 519,1191, 253, 5541,125, 215
2, 360, 937
7,463, 6495, 730, 5471, 331, 7711, 509, 252
2, 755, 268
8, 041,5806,075, 6251, 499,0131, 330,460
2, 985,982
24, 811,390
8,848,7996, 203, 7771, 484,193
971,059
3,313, 564
17,5 18, 790,4872,640,397
16,150,090
19,932,6602,523,159
17,409,501
20,821,3922,100,445
18,720,947
778, 5665,905
68,45213, 535
790,0376,051
47, 3695,350
698, 2934,399
13,6722,007
665,8454,4328,207
579
1 Licensed banks which were operating on unrestricted basis.2 Includes Home Owners' Loan Corporation 4 percent bonds, guaranteed by the United States as to interest only, the amount of which was not called for separately.3 Includes Home Owners' Loan Corporation 4 percent bonds, which are guaranteed by the United States as to interest only.
§3
WH
O
o
o
H3
W
O
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Abstract of reports of condition of national banks on dates indicated—Continued[In thousands of dollars]
Oct. 25, 1933(5, 057 banks)
Dec. 30, 1933(5,159 banks)
Mar. 5, 1934(5,293 banks)
June 30, 1934(5,422 banks)
Oct. 17,1934(5,466 banks)
LIABILITIES—continued
Acceptances of other banks and bills of exchange or drafts sold with endorsement. __Acceptances executed for customers _Acceptances executed by other banks for account of reporting banksSecurities borrowed _Interest, taxes, and other expenses accrued and unpaid __ ._.Dividends declared but not yet payable and amounts set aside for dividends not declared-Other liabilities _ ._Capital stock (see memorandum below) . . .Surplus..
4,330205,624
7,777
60,009
14,005235,718
6,8165,716
45,100
12,504194,824
5,7904,508
55,618
1,408133,221
6,6832,112
41,741
Undivided profits, netReserves for contingenciesPreferred stock retirement fund-
77, 710., 566, 698916,183264, 376176, 344
81, 6221,588,250
880, 670236,022197,224
108,0731,653,930
867,825248,870149,807
130
64,3631,737,827
854,057257,311151, 267
571
Total. 21,198,649 21, 747,483
Memoranda:Par value of capital stock:
Class A preferred stock.Class B preferred stock.Common stock _
75,1193,800
1,488,682
140,2954,400
1,444,759
22,941,173
243,2915,535
1,406,162
23,901,592
401,98910,081
1,326,722
Total.. 1,567,601 1,589,454 1,654,988 1,738, 792
Loans and investments pledged to secure liabilities:U . S . Government obligations, direct and/or fully guaranteed..Other bonds, stocks, and securitiesLoans and discounts (excluding rediscounts)
Total
997,637121,407
2,606,142991,388102,226
3,988,923 3,699,756
Pledged:Against circulating notes outstanding __ __Against U. S. Government and postal-savings depositsAgainst public funds of States, counties, school districts, or other subdivisions or munici-
palitiesAgainst deposits of trust departmentAgainst other depositsAgainst borrowingsWith State authorities to qualify for the exercise of fiduciary powersFor other purposes __Total _ _
816, 2691,658,117
935,153245,805146,57287,90764,89334,207
724, 5661,445,592
975,448249,491176,76826, 38782,90218, 602
3,988,923 3,699,756
1,201137,8925,4971,646
53,8984,32450,187
1,772,513845,335286,184151,345
913
24,811,390
444,62615,205
1,313,997
1, 773, 828
2,404,487847, 31788, 210
3, 340,014
695, 5951,127,074
952,021270,849177,58115,11684,59317,185
3, 340,014
wtel
oo
oFF
o
o
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Principal items of assets and liabilities of licensed national banks, Oct. 17, 1934
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REPORT OF THE COMPTROLLER OF THE CURRENCY 69
LIABILITIES OF LICENSED NATIONAL BANKS ON ACCOUNT OF BILLSPAYABLE AND REDISCOUNTS
Liabilities of licensed national banking associations for moneyborrowed on account of bills payable and rediscounts at the date ofeach call since October 31, 1933, are shown in the following state-ments:
Total borrowings of national banks on account of bills payable and rediscounts atdate of each call since Oct. 31, 1983, according to geographical location
[In thousands of dollars]
Dec. 30, 1933:Bills payableRediscounts
Total
Mar. 5,1934:Bills payableRediscounts
Total-
June 30, 1934:Bills payableRediscounts
Total
Oct. 17, 1934:Bills payableRediscounts
Total
NewEngland
States
3,859543
4,402
1,399218
1,617
68510
695
91940
959
EasternStates
39,4265,090
44,516
32,9632,930
35,893
9,1971,177
10,374
4,513275
4,788
SouthernStates
12,8432,891
15,734
7,329684
8,013
2,107453
2,560
1,790123
1,913
MiddleWesternStates
8,0803,071
11,151
3,312952
4,264
1,371157
1,528
87548
923
WesternStates
9451,286
2,231
402427
829
141108
249
10093
193
PacificStates
3,299654
3,953
1,964139
2,103
171102
273
10
10
Total
68,45213,535
81,987
47,3695,350
52, 719
13, 6722,007
15, 679
8,207579
8,786
Total borrowings of national banks on account of bills payable and rediscounts atdate of each call since Oct. 31, 1983, according to central and other reserve citiesand country banks
[In thousands of dollars]
Dec. 30,1933:Bills payableRediscounts
Total
Mar. 5, 1934:Bills payableRediscounts
Total
June 30, 1934:Bills payableRediscounts - .
Total
Oct. 17,1934:Bills payableRediscounts
Total
Centralreservecities
Otherreservecities
7,590180
7,770
5,649174
5,823
180
180
505
55
Countrybanks
60,86213,355
74,217
41, 7205,176
46,896
13,4922,007
15,499
8,157574
8,731
Total
68,45213,535
81,987
47,3695,350
52,719
13,6722,007
15,679
8,207579
8,786
106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
7 0 REPORT OF THE COMPTROLLER OF THE CURRENCY
LOANS AND DISCOUNTS OF NATIONAL BANKS
The statement following shows a classification of loans and dis-counts reported by national banks as of June 30, 1932, 1933, and 1934.
Classification of loans and discounts as of June 30, 1932, 1933, and 1934
[In thousands of dollars]
Acceptances of other banks, payable in UnitedStates-
Notes, bills, acceptances, and other instru-ments evidencing loans payable in foreigncountries. _
Commercial paper bought in open marketLoans to banks and trust companies:
On securitiesAll other .
Loans secured by U. S. Government and othersecurities (exclusive of loans to banks)
Real estate loans, mortgages, deeds of trust,and other liens on real estate:
On farm land _ _ __On other real estate
All other loans, including reporting banks'own acceptances purchased or discounted...
Total
Loans secured by U. S. Government obliga-tions
Total loans eligible for rediscount with FederalReserve banks
June 30, 1932
Amount
$124,716
14,58083,251
196,508135,151
3,182,495
299,7941,317,487
4,927,694
10, 281,676
92,811
1,649,781
Per-cent
1.21
.14
.81
1.911.32
30.95
2.9212.81
47.93
100.00
June 30, 1933
Amounti
$152,763
18,17459,840
113,37990,493
2,759,876
262, 2551,064,521
3, 595, 671
8,116,972
95,546
1,291,290
Per-cent
1.88
.22
.74
1.401.11
34.00
3.2313.12
44.30
100.00
June 30, 1934
Amount1
$86,945
13,444136,360
37,82666, 231
2, 594,386
232, 7361,098,014
3,428,807
7, 694,749
130,950
1,335,308
Per-cent
1.13
.181.77
.49
.86
33.72
3.0214.27
44.56
100.00
i Amount reported by licensed banks; i. e., those operating on an unrestricted basis.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Loans and discounts of licensed national banks, June 30, 1934
[In thousands of dollars]
Location
CENTRAL RESERVE CITIES
New York-Chicago
Total central reserve cities._
OTHER RESERVE CITIES
Accept-ances of
otherbankspay-
able inUnitedStates
Notes,bills,
accept-ances,
andother
instru-ments
evi-dencingloans,
payablein for-eign
countries
53, 29311, 698
64,991
Boston 1, 532Brooklyn and BronxBuffalo iPhiladelphia I 50Pittsburgh !Baltimore j 250Washington [Richmond ICharlotte IAtlanta JSavannah __. 174JacksonvilleBirmingham 13New Orleans 605Dallas 350El Paso 315Fort Worth
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Sioux CityKansas City, M o . . .St. JosephSt. LouisLincolnOmaha . .Kansas City, Kans .TopekaWichitaHelena __DenverPuebloOklahoma CityTulsaSeat t le -Spokane—PortlandLos AngelesSan FranciscoOgdenSalt Lake City
Total other Reserve cities.. .
Total all Reserve cities
COUNTRY BANKSMaine _New HampshireVermont _MassachusettsRhode IslandConnecticut
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MinnesotaIowaMissouri
Total MiddleWestern States.
North DakotaSouth Dakota -NebraskaKansasMontanaWyomingColoradoNew MexicoOklahoma
Total Western States
Washington _OregonCaliforniaIdahoUtahNevadaArizona
Total Pacific States
Alaska (nonmember banks)The Territory of Hawaii (non-
member bank)
Total (nonmember banks)-
Total country banks
Total United States
23
45
1
46
6
i
2,457 2,211
86 945 13 444
1,698999739
11, 519
737762770548339
309969
248
3,602
52253
373182
83
1,213
30
30
57,182
136,360
14118
1,287
13
5
1
10
3,374
37, 826
236264287
4,643
21174211
15154
5367
812
1116
140
16
35
218
81
81
25, 682
66, 231
46163
1,732
243
625
117
193
1
1
31, 276
362, 825
2142441
939
3067
12
32
357
13184199
18
414
168
168
8,304
134, 829
13,1722,2533,376
122,858
1,3241,680
7272,9871,8691,4763,108
4823,720
17,373
3,580684
9,828605191542990
16,420
15
8,702
8,717
756, 951
2,096, 732
5,3053,4412,098
40, 768
1,8631,2362,0563,835
987609
1,906687
2,413
15, 592
2,0351, 5228,327
689683183358
13,797
79
79
138, 772
232, 736
6,2562,4322,584
77,110
1,387935823
1,859512638
1,193539
1,887
9,773
3,0951,313
15, 927272231610495
21, 943
337
4,157
4,494
510, 294
1, 098, 014
1923
83
513
18
59
59
2,545
105, 712
31, 07717,38613,909
243,668
10, 5339,818
19,84329, 5648,9189,582
12,4005,524
25, 560
131, 742
18, 7659, 234
38, 2043,8001,8111,2252,400
75,439
844
2,738
3,582
1, 506, 435
3,323, 095
58,16426,85623,037
504,636
15,91014,60624,43539,15712,64812, 34418,7247,336
34,358
179, 518
28,02213,00673, 057
5,5662,9322 5604,361
129, 504
1,226
15,925
17,151
3, 045, 483
7, 694, 749
1,611132256
6,120
15810468
426540
279925
518
1,965
464497272
2114
251
1
1
18, 530
130,950
18,79410,3096,234
108,501
5,2945,113
12,19917,0034,8044,9377,2673,182
15, 758
75, 557
6,4103,496
11,7181,945
641348
1,305
25,863
30
30
581,101
1,335,308
W
QO
O
W
od
3o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
76 REPORT OF THE COMPTROLLER OF THE CURRENCY
The percentage of loans and discounts of national banks in thecentral reserve cities of New York and Chicago to the total loans anddiscounts of all national banks on June 30, 1934, together with similarinformation in relation to banks in other reserve cities, etc., is shownin the following statements, compared with like information as ofJune 30, 1932 and 1933:
lln thousands of dollars]
Banks in—
New York
DoChicago. _ . _ . .-Other reserve cities
All reserve cities _States (exclusive of reserve cities). _.
Total United States
Loans
June 30, 1932
Amount
1,565,857
} 1,828,3163,970,907
5,799, 2234,482,453
10, 281,676
Percent
15.23
17.7838.62
56.4043.60
100.00
June 30
Amount»
1,342,716
1,937,7533,018,934
4,956,6873,160,285
8,116,972
, 1933
Percent
16.54
23.8837.19
61.0738.93
100.00
June 30, 1934
Amount l
1,155,708
1,641,7083,007,558
4,649, 2663,045,483
7,694,749
Percent
15.02
21.3439.08
60.4239.58
100.00
1 Amount reported by licensed banks, i. e., those operating on an unrestricted basis.
COMPARATIVE CHANGES IN DEMAND AND TIME DEPOSITS, LOANSAND DISCOUNTS, UNITED STATES GOVERNMENT AND OTHERBONDS AND SECURITIES OWNED, AND THE AMOUNT OF RESERVEOF NATIONAL BANKS WITH FEDERAL RESERVE BANKS SINCEJUNE 30, 1930
The amount and percentage of increase or reduction of demand andtime deposits, loans and discounts, United States Government andother bonds and securities owned, and reserve of national banks withFederal Reserve banks on June 30, of each of the last 5 years are shownin the following statement:
[In thousands of dollars]
Demand depositsTime depositsLoans and discounts...u. o- vjovcrnizioiit HUU
other bonds, stocks,etc., owned
Reserve with FederalReserve banks
June 30,1930
(7,252banks)
10,926,2018, 752,571
14,887,752
6,888,171
1,421,676
June 30,1931
(6,805banks)
10,105,8858,579,590
13,177,485
7,674,837
1,418,096
Per-centin-
crease(+)or de-
crease( - )
sinceJune30,
1930
-7 .51-1.98
-11.49
+11.42
- . 2 5
June 30,1932
(6,150banks)
7,940,6537,265,640
10,281,676
7,196,652
1,150, 575
Per-centin-
crease(+)or de-
crease( - )
sinceJune30,
1931
-21.43—15.31-21.98
-6 .23
-18.86
June 30,1933
(4,902banks J)
7,894,1276,216,9178,116,972
7,371,631
1,412,127
Per-centin-
crease(+)or de-
crease( - )
sinceJune30,
1932
-0 .59—14 43-21.05
+2.43
+22.73
June 30,1934
(5,422banks J)
9,280,9296,891,1287,694, 749
9,348,553
2,497,400
Per-centin-
crease(+)or de-
crease( - )
sinceJune30,
1933
+17.57+10.84-5 .20
+26.82
+76.85
1 Licensed banks; i. e., those operating on an unrestricted basis.
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UNITED STATES GOVERNMENT SECURITIES AND SECURITIES GUARANTEED BY UNITED STATES AS TO INTERESTAND/OR PRINCIPAL, REPORTED BY LICENSED NATIONAL BANKS IN RESERVE CITIES AND STATES
The following statement shows a classification of United States Government securities and securities guaranteedby the United States as to interest and/or principal, reported by licensed national banks according to reserve citiesand States, June 30, 1934:
U. S. Government securities and securities guaranteed by United States as to interest and/or principal, reported by licensed national banks,June 30, 1934
[In thousands of dollars]
Location
New York.Chicago
CENTRAL RESERVE CITIES
Direct obligations of the U. S. Government
Bonds(including
bondsdepositedto securecircula-
tion)
433,270197,877
Total central reserve cities 631,147
OTHER RESERVE CITIESBostonBrooklyn and BronxBuffalo ---PhiladelphiaPittsburgh—Baltimore -WashingtonRichmond -Charlotte -AtlantaSavannah
66,4735,2381,114
122, 539106,00068,08741, 4419,3733,038
19, 2686,525
Treasurynotes
318,118114,546
432, 664
84, 67320467
24, 646126,18217,9857,7487,149
5609,1044,317
Certifi-cates ofindebt-edness
73,13935,149
108, 288
16, 765
406,93419, 57112,0212,070
3,003950
Treasurybills
154,25263,980
218, 232
8,141
2951,000510
1,000
Obligations guaranteed by the U. S. Govern-ment as to interest and/or principal
1 Includes Home Owners' Loan Corporation 4-percent bonds, guaranteed by the United States as to interest only, the amount of which was not called for separately.
O
o
d
Q
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U. S. Government securities and securities guaranteed y United States as to interest and/or principal, reported by licensed national banks,June SO, 1984—Continued
Obligations guaranteed by the U. S. Govern-ment as to interest and/or principal
Obligations of—
Recon-structionFinanceCorpora-
tion
FederalFarm
MortgageCorpora-
tion
25
237299
3
233
39
431
536
1,644
10233
318152
731
1
HomeOwners'
LoanCorpora-
tion
3401,7705,673
238
685919615
5332,126
65142650
5,3081,616
9,08549427
1546383
1,3603,710
175899154
Total
3651,7705,910
537
36
861229
15572
2,126108143
1,1865,3083,260
9,18749730
1546701
1,5123,710
182930155
Grandtotal
29,60312,15451,12546,1795,589
13,1426,192
68,95322,9775,4822,793
34,74822,4238 267
23,80079,67635,4911,825
40,79411,43011,904
134,4705,127
72,01175,29846,4144,825
21,8623,407
wQO
wa
o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Sioux CityKansas City, Mo.. .St. Joseph __.St. LouisLincolnOmaha.Kansas City, Kans_.TopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesSan FranciscoOgdenSalt Lake City
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U. S. Government securities and securities guaranteed by United States as to interest and/or principal, reported by licensed national banks,June SO, 1984—Continued
Alaska (nonmember banks)The Territory of Hawaii (nonmember bank)
Total (nonmember banks) ..._
Total country banks
Total United States
7,2505,084
12,56616, 74310,1334,949
10, 6964,242
17, 716
89, 379
14, 7107,873
20, 7683,178
8962,5657,280
57, 270
1,2326,792
8,024
1, 228,902
3,428,047
4,9792,8316,2713 7693,1351, 5881 920
5583,352
28,403
4,5971,3575,6294,116
842,453
208
18, 444
11233
145
339,375
1,620,076
308517574943546230247
73408
3,846
23295
661152
85
1,225
50
50
46, 520
298,407
369
181241
315
50
562
100
100
13,025
299, 211
12,5408,501
19, 59221,69613,8146,770
12,8784,873
21, 526
122,190
19, 6399,325
27, 0587,446
9805,1037,488
77, 039
1,3946,825
8,219
1, 627,822
5, 645, 741
296
175, 970
421299729
1,2209834
29345
395
3,534
19238195266
518
1,614
20, 025
33, 671
910588
1,024440502467341293641
5,206
235164910
4762
166153
1,737
293
293
77,466
148, 270
1,331887
1,7531,660
600501634338
1,036
8,740
427545
1,86211367
184153
3,351
293
293
97, 787
357,911
13,8719,388
21,34523, 35614,4147,271
13, 5125,211
22,562
130,930
20,0669,870
28,9207,5591,0475,2877,641
80,390
1,3947,118
8,512
1, 725,609
6,003, 652
3
wtel
oog
oo
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
82 REPORT OF THE COMPTROLLER OF THE CURRENCY
INVESTMENTS OF NATIONAL BANKS
The tables following disclose a summary of the investments ofnational banks in United States Government and other bonds andsecurities as of June 30, 1932, 1933 and 1934, and a detailed classi-fication by reserve cities and States of bonds and securities other thanUnited States Government held on June 30, 1934.
Toiat securities, other than direct obligations, guaranteed byU. S. Government as to interest and/or principal
Obligations of Federal land and intermediate credit banksStock of Federal Reserve bankObligations of States, counties, districts, political subdivisions, and
municipalities 2
Obligations of territorial and insular possessions of the United States.Obligations of joint stock land banksBonds, notes, and debentures (not including stock) of other domes-
Stock of other domestic corporations:Real estate corporationsBanks and banking corporations '.Other domestic corporations _
Foreign securities:Obligations of foreign central governments _Obligations of foreign provincial, State, and municipal govern-
ments -Other foreign securities
Total miscellaneous bonds and securities not guaranteed by U. S.Government..
Total miscellaneous bonds and securitiesU. S. Government securities, direct obligations
Total bonds and securities of all classes 7,196,652
June 30,1932
6,150
90,417
1,117,698
652, 665684,465
3 839,124
114, 669
168,155
176, 793
3,843,9863,843,9863, 352, 666
J u n e 30,1933
i 4,902
83,603
1,162,478
530, 634533, 260
3 653,600
110,436
149,389
116,655
June 30,1934
i 5,422
175,97033,671
148,270
357,911184,31288,674
1,212,39716,02123, 620
529,090519, 584
38, 937391,081
32,31425, 74485, 226
95, 341
48,79653,764
3,340,055 i3,340,055 I4,031,576 I
S, 344,9013, 702,8125, 645,741
7,371,631 9,348,553
1 Licensed banks; i. e., those operating on an unrestricted basis.i Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more
States.3 Includes claims and judgments.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
United States Government, domestic, and foreign bonds, securities, etc., held by licensed national banks June 80, 1934
[In thousands of dollars]
Location
CENTRAL RESERVE CITIES
Miscellaneous bonds, stocks, and securities, etc.
03 ^ - 3
•S '3 '3
IIIo s ®
New York 1,082,935Chicago | 487,742
Total central reserve cities 11,570,677
OTHER RESERVE CITIES
Boston..Brooklyn and Bronx.BuffaloPhiladelphiaPittsburghBaltimoreWashington.. _RichmondCharlotteAtlantaSavannahJacksonvilleBirminghamNew OrleansDallas.
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88 REPORT OF THE COMPTROLLER OP THE CURRENCY
EARNINGS AND DIVIDENDS OF NATIONAL BANKS
The statement following shows a summary of the earnings anddividends of licensed national banks for the fiscal years ended June30, 1933 and 1934. Statements showing the capital, surplus, andthe earnings, expenses, etc., of these associations in reserve cities andStates and Federal Reserve districts for the 6-month periods endedDecember 31, 1933, and June 30, 1934, and the year ended June 30,1934, are published in the appendix of this report.
Earnings and dividends of licensed National banks for the fiscal years ended June30, 1933 and 1934[In thousands of dollars]
Capital, par value:1
Class A preferred stock..Class B preferred stock.Common stock _.
Total_Surplus 1
Total capital and surplus J
Gross earnings:Interest and discount on loansInterest and dividends on bonds, stocks, and other securitiesInterest on balances with other banksCollection charges, commissions, fees, etcForeign department (except interest on foreign loans, investments, and
bank balances)Trust departmentService charges on deposit accounts. _Other earnings
Total _
Expenses:Salaries and wagesInterest on deposits of other banks _.Interest on other demand depositsInterest on other time depositsInterest and discount on borrowed money-TaxesOther expenses «..
Total expensesWithdrawals from reserves for expenses of previous periods accrued and
unpaid 2
Year endedJune 30, 1933(4,902 banks)
Grand total.
Net earnings •__.Recoveries, profits on securities, etc.:
On loans _ _On bonds, stocks, and other securities..All other
Total -
Total net earnings, recoveries, etc_
51,1932,600
1,463,412
1,517, 205
2,457,803
473, 696283,56810, 65714,099
12, 53821,46114,00652, 337
882, 362
204, 51318, 52146,715
189,08717,18141,020
120,714
637,751
28,259
666,010
Year endedJune 30, 1934(5,422 banks)
216,352
17,12951,5159,915
78,559
294,911
401,98910,081
1,326,712
1,738,792854,057
2,592,849
388,064291,901
1,55117,936
14,11123,61616,31753,030
806, 526
202,2141,943
10,321166,103
4,15143,606
128,705
557,043
557,043
249,483
26,30493,58015,467
135,351
384,834
* Capital and surplus at end of period.« Amounts set aside in previous periods as reserves for accrued expenses unpaid, and amounts set aside
in previous periods as reserves for depreciation on banking house, furniture and fixtures and other realestate, but which were withdrawn from reserves and charged off in the 6-month period ended Dec. 31,1932.For details of amounts see tables 66-A and 67-A in the annual report for 1933.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 89Earnings and dividends of licensed national banks for the fiscal years ended June
30, 1933 and 1934—Continued[In thousands of dollars]
Losses and depreciation:On loans _ .On bonds, stocks, and other securitiesOn banking house, furniture and fixturesOther losses and depreciation
Total . . . .
Withdrawals from reserve for depreciation of previous periods on realestate2
Grand totalNet addition to profits
Dividends:On preferred stockOn common stock
Total _
Ratios:Dividends on common stock to common capital * percent..Dividends on common stock to common capital and surplus i doNet addition to profits to common capital * doNet addition to profits to common capital and surplus 1 doNet addition to profits to common and preferred capital* doNet addition to profits to common and preferred capital and surplus i
percent..
Year endedJ u n e 30, 1933(4,902 banks)
231,420236,557
15,91622,803
506,696
6,599
513 2953 218, 384
<22*« 99,124
99,146
6.774.12
3 14.923 9.08
314.39
3 8.89
Year endedJ u n e 30, 1934(5,422 banks)
379,294241,789
29,83337,464
688,380
688,3803 303, 546
3,430« 72,418
75,848
5.463.32
3 22.883 13.923 17.463 11. 71
1 Capital and surplus at end of period.2 Amounts set aside in previous periods as reserves for accrued expenses unpaid, and amounts set aside
in previous periods as reserves for depreciation on banking house, furniture and fixtures and other realestate, but which were withdrawn from reserves and charged off in the 6-month period ended Dec. 1,1932.For details of amounts see tables 66-A and 67-A in the annual report for 1933.
3 Deficit.< Revised.«Includes 1 stock dividend of $50,000.8 Includes 7 stock dividends of $710,000.
National-bank investments in United States Government securities and other bondsand securities, etc., loans and discounts (including rediscounts), and losses chargedoff on account of bonds and securities owned and loans and discounts, years endedJune 30, 1918 to 1934, inclusive
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REPORT OF THE COMPTROLLER OF THE CURRENCY 91
NATIONAL BANKS CLASSIFIED ACCORDING TO CAPITAL STOCK
The recapitulation following concerns tables published in the ap-pendix of this report in relation to the number of licensed nationalbanks in reserve cities and States on December 30, 1933, classifiedaccording to capital stock, with the amount of loans and discounts,including rediscounts, investments, total assets, capital stock, sur-plus, profits, and reserves for contingencies, circulation outstandingand total deposits.
National banks classified according to capital stock Dec. 30, 1933
[In thousands of dollars]
Capital of less than $50,000. . . .Capital of $50,000 but less than
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92 REPORT OF THE COMPTROLLER OF THE CURRENCY
Principal assets and liabilities of the 12 Federal Reserve banks combined, on the iweekly statement date in each month, from January 1932 to October 1934
i Includes (in addition to bills discounted and bought and United States securities) industrial advances,municipal warrants, Federal intermediate credit bank debentures, land bank bonds, and foreign loanson gold.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 93
NEW YORK CLEARING HOUSE
The figures compiled and furnished by the manager of the NewYork Clearing House Association for the year ended September 30,1934, disclose there were 21 banks comprising the New York ClearingHouse Association with capital of $614,955,000.
Clearings amounted to $162,725,332,613, an increase in the year of$8,153,510,240, and balances reported aggregating $21,306,663,035showed a reduction in the year of $2,609,476,948. The average dailyclearings amounted to $538,825,604 and the average daily balances$70,551,864. The percentage of balances to clearings was 13.09.
CLEARING-HOUSE ASSOCIATIONS IN THE 12 FEDERAL RESERVEBANK CITIES AND ELSEWHERE
Clearing-house transactions in the 12 Federal Reserve bank citiesduring the year ended September 30, 1934, aggregated $219,711,156,-000, an increase in the year of $14,191,930,000. The ratio of bankclearings in the 12 Federal Reserve bank cities was 81.54 percent ofthe total clearings of all banks in 267 reporting cities in the UnitedStates, in comparison with a ratio of 83.11 percent reported for theyear previous.
Clearings of banks in 14 other principal cities, each of which hadclearings in excess of $1,000,000,000, amounted to $27,636,330,000 andshowed an increase of $4,956,673,000 over clearings reported for thesame cities in the preceding year. The total clearings of the 267 citiesreporting to the New York Clearing House Association in the currentyear aggregated $269,440,533,000, as compared with $247,292,090,000reported by these cities in the preceding year.
Tables showing the following information are published in theappendix of this report: Statement showing the total of transactionsof the New York Clearing House from 1854 to 1913, and annuallysince 1914; comparative statement of transactions of the New YorkClearing House in years ended September 30, 1934 and 1933; ex-changes, balances, and percentages of balances to exchanges, etc., bythe New York Clearing House, annually since 1914; comparativestatement of the exchanges of clearing houses of the United States bycities for years ended September 30, 1934 and 1933; and comparativestatement of transactions of clearing-house associations in the 12Federal Reserve bank cities and elsewhere in years ended September30, 1934 and 1933.
ALL REPORTING BANKS IN THE UNITED STATES AND POSSESSIONS
The statement following shows a summary of reports of conditionof all reporting licensed banks in the United States and possessions,by classes, on June 30, 1934:
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Summary of reports of condition of all active banks in the United States and possessions, by classesy at the close of business June80, 1984 l
[In thousands of dollars]
Total allbanks
Nationalbanks
All banksother thannational
Banks other than national, by classes
State(commer-
cial)
Loan andtrust
companiesStock
savingsMutualsavings Private
go
woo
g
wQ
d
3Q
Number of banks
ASSETS
Loans and discounts (including rediscounts):Real estate loans, mortgages, deeds of trust, and other liens on real estate:
On farmland-- _On other real estate
Loans secured by U. S. Government and other bonds, stocks, and securities(exclusive of loans to banks)
Loans to banks..- _Commercial paper bought in open market; acceptances payable in United States;
and notes, bills, and acceptances payable in foreign countries. _All other loans
Total
Overdrafts
Investments:U. S. Government securities..Obligations of—
Reconstruction Finance CorporationFederal Farm Mortgage CorporationHome Owners' Loan CorporationFederal land and intermediate credit banksStates, counties, districts, political subdivisions, and municipalitiesTerritorial and insular possessions of the United StatesJoint-stock land banks
Bonds, notes, and debentures (not including stock) of railroads, public utilities,real estate, and other domestic corporations
Stock of Federal Reserve bank and other domestic corporationsForeign government bonds and other foreign securities
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Banking house, furniture and fixtures _Real estate owned other than banking houseCash in vaultReserve with Federal Reserve banks or other reserve agents _.Other amounts due from banks _ 1Exchanges for clearing house and other checks on local banks ._Outside checks and other cash itemsOther assets (including securities borrowed, acceptances of other banks and bills of
exchange or drafts sold with endorsement, and customers' liability on account ofacceptances)
Total assets ._• :
LIABILITIES
Demand deposits, except U. S. Government deposits and amounts "due to banks"subject to immediate withdrawal:
Deposits subject to check (except those of other banks, the U. S. Government,and States, counties, and municipalities)
Certificates of deposit (other than for money borrowed)Public funds of States, counties, school districts, or other subdivisions or mu-
nicipalitiesDeposits of other banks and trust companies (payable within 30 days but not
subject to immediate withdrawal)Other demand deposits
1,284,375845,136713,968
4,503, 7684,373,178
540,91083, 925
1, 094,018
56,159,925
14,870,376155, 794
2, 006, 715
66, 438486,152
Total — 17,585,475
Time deposits (including postal savings):Deposits the payment of which has been deferred beyond the time originally
contemplated, either by agreement with depositors or otherwisePublic funds of States, counties, school districts, or other subdividions or mu-
nicipalities _Deposits of other banks and trust companies..Other time deposits:
Deposits evidenced by savings pass books _Certificates of deposit (other than for money borrowed)Christmas savings and similar accounts,,Open accounts - ._;
Postal savings deposits -
54,551
372, 521111, 507
19,083,5121, 513, 595
75, 683669, 944671,017
655,819151,970352,402
2,497,4002, 535, 218
263, 02348,922
350, 542
23,901,592
7,810,08378, 597
1, 224,264
15,085152,900
9,280,929
Total 22,552,330
United States deposits (exclusive of pos-tal savings)Due to banks and trust companies (subject to immediate withdrawal)Certified and cashiers' checks (including dividend checks) and letters of credit and
travelers' checks sold for cash and outstandingDeposits not classified - *_.
1, 736, 6834, 371, 660
353,11225, 781
10,640
274, 74999,972
5,074,147678, 49837,053
275,287440, 782
6,891,128
889, 6782, 684, 015
186,910
Total deposits - I 46,625,041 I 19,932,660
628,556693,166361,566
2,006,3681,837,960
277,88735,003
743, 476
32, 258,333
7,060,29377,197
782,451
51,353333, 252
8,304,546
43,911
97, 77211, 535
14,009,365835,097
38, 630394, 657230, 235
216, 534127,955177,691612,635726, 64055,99522,997
146, 644
7, 299,339
2,344,339
460,041
1,12856, 758
2,897,956
30, 432
37, 560652
1,612,311579,808
10, 72718, 092
110,448
15, 661,202 I 2,400, 030
847,0051, 687, 645
166,20225,781
26, 692, 381
169,616356,771
50, 2321,355
5,875,960
246,969156,855118,641
1,228,159633,810218,566
10,161
426,244
18,83324,7989,586
54,85941,5851,489
3,458
12,455,304 ! 905,950
4,470,00339,024
300,989
56,6121,145
17,467
6,637270,677 938
5,087,330 I 76,162
13,131
30,1039,601
1,955,286219,435
15,079312, 063 :112,452
29,72547
668,58725,674
724537
7,302
2, 667,150
666,7731,283,093
114,90124, 353
732, 596
10,5994,874
770
9,843,600 j 825,001
138,021378, 76253,33261,428
397,3711,577
662
129,943
11,065,068
2,407
119
292109
9, 764,052544
12,08828733
9, 777, 405
132
8,1994,7962,316
49,28738, 554
260294
37,187
532, 672
186,9321,338
3,835
43, 5884,879
2,526 240,572
348
921,126
9,1299,636
1263, 678
84,021
1742, 775
28155
367,721
i Revised since published in text edition of the report due to the fact that amended figures were subsequently obtained for private banks in the State of New York.COOr
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Summary of reports of condition of all active banks in the United States and possessionsf by classes, at the close of business June80, 1934—Continued
fin thousands of dollars]
CO
Total allbanks
Nationalbanks
All banksother thannational
Banks other than national, by classes
State(commer-
cial)
Loan andtrust
companiesStock
savingsMutual Private
OWH
O
H
aOO
LI A BILITIES—continuedNational-bank circulation.__ .__Bills payable _Rediscounts _Agreements to repurchase U. S. Government and other securities soldAcceptances executed for customers and to furnish dollar exchange, less own accept-
ances purchased or discounted _Interest, taxes, and other expenses accrued and unpaid _ _Other liabilities (including securities borrowed and acceptances of other banks and
bills of exchange or drafts sold with endorsement)Capital stock, capital notes and debentures:
Capital notes and debenturesPreferred stock... _Common stock* _ "_-_- _
Surplus.._ . _.Undivided profits—netReserves for contingenciesPreferred stock retirement fund
2 The common capital stock reported for banks other than national represents the par value of such stock. In the case of national banks, however, the common capital shownrepresents the net book value. The par value of common capital stock of national banks on June 30, 1934, aggregated $1,326,722,000.
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The table following shows the approximate population of each State, number of active banks, assets andliabilities, a classification of loans and discounts, investments, cash and demand and time deposits, June 30, 1934:
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1934 (includes national, State(commercial) banks, loan and trust companies, savings and private banks) l
Revised since published in text edition of the report due to the fact that amended figures were subsequently obtained for private banks in the State of New York.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1984 (includes national, State(commercial) banks, loan and trust companies, savings and private banks)—Continued 00
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UtahNevada .__Arizona
Total Pacific States
AlaskaThe Territory of Hawaii.Puerto RicoPhilippines
Total possessions
Total United Statesand possessions
2 Population Apr. 1, 1930.
520,00094,000
457,000
10,275,000
61,000415,000
1,645,10012,927,400
15,048, 500
141,473,106
601017
741
15141411
54
15,894
40,4033,594
14,969
1,770,967
3 90647,17835,59565, 285
151,964
21,417,924
845
17
1,158
151,369
268
1,652
13,229
49,8639,368
22,490
1,756,138
5 30833,957
2,17723, 735
65,177
21, 289,494
2,027452
1,755
119, 689
2902,620
8651,238
5,013
1, 284, 375
1,31257
1,435
64, 705
1201,3241,0723,538
6,054
845,136
1,323461
1,709
48, 591
1,0334,9474,224
15, 251
25,455
713, 968
7,1681,1768,848
342,158
124
1,925
2,049
4, 503, 768
18,3513,0235,390
275, 705
2,29312,1392,698
18, 803
35,933
4, 373,178
8365
334
35,164
13509918325
1,765
540, 910
6724730
18,308
16144
1,036829
2,070
83,925
1,311181291
59, 596
202,1579,597
15,398
27,172
1,094,018
123,35018,36957,268
4,492,179
13,159 . ,106,368 S58,450 E
146,327 Q
324,304 H
O56,159,925 ^
rHE
C
OM
PTR
OL
HW
od
3O
CD
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Assets and liabilities of all active banks in the United States, Alaska, and insular possessions, June 1934 (includes national, State(commercial) banks, loan and trust companies, savings and private banks)—Continued
i Includes preferred stock where authorized, and capital notes and debentures (see classification on pp. 104,105).
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Assets and liabilities of all active banks in the United States} Alaska, and insular possessions, June 1934 (includes national, State (commercial)banks, loan and trust companies, savings and private banks)—Continued
1 Including school, irrigation, drainage, and reclamation districts, and instrumentalities of one or more States.2 Includes bonds, notes, and debentures of public utilities, real estate, and other domestic corporations.NOTE.—The amounts shown in the schedules of loans and discounts, investments and deposits of this table for banks other than national do not agree in all particulars with
figures as reported to this office, due to the fact that several of the classifications furnished were incomplete. In such cases estimates of various amounts have been used, based onclassifications reported to the Federal Deposit Insurance Corporation in its call made for June 30, 1934, of insured State banks and trust companies not members of the FederalReserve System.
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Assets and liabilities of all active banks in the United Statest Alaska, and insular possessions, June 1984 {includes national, State {commercial)banks, loan and trust companies, savings and private banks)—Continued
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106 REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks June 30, 1930 to 1934,are shown in the following statement:
Assets and liabilities of all active banks on or about June 30, 1930-34
[In thousands of dollars]
1930 (24,079banks)
1931 (22,071banks)
1932 (19,163banks)
1933 (14,624 1934 (15,894b a n k s 0 b a n k s ») 2
ASSETS
Loans and discounts (including rediscounts).OverdraftsInvestmentsBanking house, furniture and fixturesReal estate owned other than banking house.Cash in vaultReserve with Federal Reserve banks or
other reserve agents *Due from banks _.Exchanges for clearing house and other cash
items __- -Other assets _.-
Total..
40, 460,67049.438
17,944, 7281,810, 357425,151865, 970
3,433,1023,994, 325
2,884, 6352,151, 748
74,020,124
35,164,85045,650
20,060,1531,808, 254446,488884, 327
3,402,1894,133, 720
1,946, 7092. 316,809
28,074, 64015,213
18, 223, 2411, 681, 989526, 750791,627
2,674,9412, 920,092
981,0571,355, 581
22,377, 37110,447
17,930,6631, 382,831637,646672, 556
2, 761,9453, 230, 111
1,100,1731,198,165
21,417,92413,229
21,289,4941,284,375845,136713,968
4,503,7684,373,178
624,8351,094,018
70, 209,149 57,245,131 51,301, 908
LIABILITIES
Demand deposits _.Time deposits (including postal savings)....United States depositsDue to banksCertified and cashiers' checks and cash
letters of credit and travelers' checks out-standing
Deposits not classified 3
24,098,51629,465, 361
213,7224,337,120
1, 615, 277117,199
21, 326, 21029,159, 361
448,1894,828,741
1, 083,00319, 240
16,405, 57924, 774, 389
424, 3253,212,110
565,8668,000
15, 258, 76521,417, 811
860, 3993,316,210
653,26927,016
56,159,925
17,585,47522,552,330
1, 736,6834,371,660
353,11225,781
Total deposits..National-bank circulationBills payable and rediscounts rAgreements to repurchase securities soldAcceptances executed for customersInterest, taxes, and other expenses accrued
and unpaid _ __Other liabilities -Capital notes and debenturesCapital stock _SurplusUndivided profits—netReserves for contingenciesRetirement fund for preferred stock, capital
1 Licensed banks; i. e., those operating on an unrestricted basis.2 Figures for 1934 revised since published in text edition of the report due to the fact that amended figureswere subsequently obtained for private banks in the State of New York.3 For banks other than national.
* Includes reserves for dividends.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 107Principal items of assets and liabilities of all active banks in continental United
States as compared with similar data for member banks of the Federal ReserveSystem, on or about June 30, 1934 1
Items
Loans4
InvestmentsCashCapital*Surplus and undivided profits 6
Total deposits.Aggregate assets _..
Allactivebanks:15,840
banks (000omitted)2
$21,277,53721,224,317
688, 5133,530, 7244,269,38746,400,69555,835,621
Member banks
6,375banks (000omitted)
$12,522,08014, 651,859
472, 6432, 652,1822, 452, 742
31, 012, 36737,384, 811
Percentto all
reportingbanks 2
58.8669.0368.6575.1257.4466.8466.96
Percentto all
reportingbanks,exceptmutualsavings
andprivate 2
80.8187.6974.6876.9582.4385. 5484.51
Mutualsavingsbanks:
578 banks(000
omitted)3
$5, 647, 3104, 256, 662
53, 33228,700
1,234,4909, 780,099
11,065,068
Privatebanks:
236 banks(000
omitted) 3
$132,482259,297
2,31655,60759,494
367,721532,672
1 Figures for 1934 revised since published in text edition of the report due to the fact that amended figureswere subsequently obtained for private banks in the State of New York.
2 Exclusive of banks in Alaska and insular possessions.3 Included in all reporting banks in column 1.4 Including overdrafts.8 Includes capital notes and debentures.e Including reserves.
Per capita demand and time and savings deposits in all activelicensed banks
Statement showing the population, amount of demand and timedeposits, amount of savings deposits, and per capita savings depositsreported by all active banks in each State, the District of Columbia,Alaska, and insular possessions, follows:
Per capita demand and time and savings deposits in all active banks June 30,1934l
New YorkNew JerseyPennsylvaniaDelaware .-_MarylandDistrict of Columbia.
804,000470,000361,000
4,335,000705,000
1,655,000
$282,116246, 713167,005
3, 349,045435,351
1,074,576
$350. 89524. 92462. 62772. 56617. 52649. 29
$227,304212,240147,220
2,462, 995336,401846,980
$282.72451.57407.81568.16477.16511.77
8,330,000 5,554,806 666.84 4,233,140 508.18
13,059,0004,231,0009,826,000242,000
1,671,000497,000
13,131,4611,633,9543,655,469126,866578,812212,937
1,005.55386.19372.02524. 24346. 39428.44
6,633,4321,048,8531,873,951
61,930356,24387,595
507.96247.90190.71255.91213.19176.25
Total Eastern States 29,526,000 19,339,499 655.00 10,062,004 340.78
1 Revised since published in text edition of the report due to the fact that amended figures were subse-quently obtained for private banks in the State of New York.
2 Includes postal savings, Christmas savings, and other savings reported in column 4.3 Represents deposits evidenced by savings pass books and time certificates of deposit. (Does not in-
clude postal savings or Christmas savings accounts, etc.)
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108 REPORT OF THE COMPTROLLER OF THE CURRENCY
Per capita demand and time and savings deposits in all active banks June 80, 1934—Continued
Location
VirginiaWest Virginia . . .North Carolina _South CarolinaGeorgiaFlorida.AlabamaMississippiLouisiana _ _TexasArkansasKentuckyTennessee
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or about June 30,1934 *[Deposits in thousands of dollars]
Location
Total all active banks
Depositsevidencedby savingspassbooks
Time cer-tificates of
deposit
Totalsavings
deposits 2Deposi-
tors 3
National banks
Depositsevidencedby savingspassbooks
Time cer-tificates of
deposit
Totalsavings
deposits2Deposi-
tors 3
All banks other than national
Depositsevidencedby savingspassbooks
Time cer-tificates of
deposit
Totalsavings
deposits2Deposi-
tors 3 O
QO
o
HW
Q
d
So
MaineNew HampshireVermontMassachusettsRhode Island ._Connecticut
Total New England States
New YorkNew Jersey _Pennsylvania _.DelawareMarylandDistrict of Columbia
i Revised since published in text edition of the report due to the fact that amended figures were subsequently obtained for private banks in the State of New York.* Excludes postal savings and Christmas savings accounts, etc.3 Represents number of savings passbook accounts.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or aboutJune 80, 1984—Continued[Deposits in thousands of dollars]
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Location
Maine . _New TTa/mpshireVermont _ .MassachusettsRhode Island -Connecticut
Total New England States
New YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia
Total Eastern States .
VirginiaWest Virginia . .North CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana _. _ _TexasArkansas __KentuckyTennessee
Total Southern States.
State (commercial) banks
Depositsevidencedby savingspassbooks
148,71421,969
119,9917,549
37,169
335,392
61,40435,22730,06710, 61219,6347,751
12,79614,84116,4034,5697,430
34,25616, 799
271,789
Time cer-tificates of
deposit
Totalsavings
deposits !
9,605 158.3196,5429,061
1951,195
26, 598
28,511129,052
7,74438, 364
361.990
17,61410,40014, 5991,944
11,682477
2,98614, 78610,41711, 5035,281
37,30018, 352
157,341
79,01845, 62744, 66612, 55631,3168,228
15, 78229, 62726, 82016,07212, 71171, 55635,151
429,130
Deposi-tors 2
434, 65171, 540
327,46111,348
* 149, 673
994, 673
208,394123, 583
3 116,2053 35,174
95, 6763 26, 250
86,00055, 494
3 53, 30429,37822,035
125,0683 53, 695
1,030,256
Loan and trust companies
Depositsevidencedby savingspassbooks
45,44710,91644, 331
140, 347143,99885,334
470,373
585, 209347,833359,184
16,85028, 50535,649
1,373, 230
3,189
3,189
Time cer-tificates of
deposit
6836
2578,2434,351
14,818
28,358
69,9358,405
54,512270
11,963445
145, 530
Totalsavings
deposits i
46,13010,92244, 588
148, 590148, 349100,152
498, 731
655,144356, 238413, 696
17,12040,46836,094
1, 518, 760
Deposi-tors 2
146,31029, 686
134,1623 335,711
188, 411239,149
1,073,429
1, 096, 725917, 734900,89636,568
* 139,18384, 660
3,175, 766
|
149 J 3.338
149 3,338
3 10,800
10,800
Stock savings banks
Depositsevidencedby savingspassbooks
26,828
9,114
35, 942
2,246
2,246
Time cer-tificates of
deposit
43
43
11
11
Totalsavings
deposits i
26,828
9,157
35,985
2,257
2,257
Deposi-tors 2
40,158
47,472
87, 630
46,281
46,281
i Excludes postal savings and Christmas savings accounts, etc.& Represents number of savings passbook accounts.
s Estimated.< As of Dec. 30. 1933
§
W
oo
W
d
IoKj
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or aboutJune SO, 1934—Continued[Deposits in thousands of dollars]
1 Excludes Postal Savings and Christmas savings accounts, ttt* 2 Represents number of savings passbook accounts. 3 As of Dec. 30, 1933.
Wfef
ooS
I(-3
w
o
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Savings deposits and depositors in all active banks in the United States and possessions, according to classes of banks, on or aboutJune SO, 1934—Continued[Deposits in thousands of dollars]
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REPORT OF THE COMPTROLLER OF THE CURRENCY
National Banks
115
The assets and liabilities of all active national banks June 301930 to 1934, are shown in the following statement:
Assets and liabilities of all active national banks on or about June 30, 1930-84
[In thousands of dollars]
1930 (7,252banks)
1931 (6,805banks)
1932 (6,150banks)
1933 (4,902banks) i
1934 (5,422
ASSETS
Loans and discounts (including rediscounts)OverdraftsInvestmentsBanking house, furniture, and fixturesReal estate owned other than banking house-Cash in vaultReserve with Federal Reserve banks or
other reserve agents. _ _Due from banks _Exchanges for clearing house and other cash
items _Other assets
Total..
LIABILITIES
Demand depositsTime deposits (including postal savings)United States depositsDue to banksCertified and cashiers' checks and cash let-
ters of credit and travelers' checks out-standing
1 otal depositsNational-bank circulation__Bills payable and rediscountsAgreements to repurchase securities soldAcceptances executed for customers._Interest, taxes, and other expenses accured
and unpaidOther liabilities....Capital stockSurplusUndivided profits—netReserves for contingenciesRetirement fund for preferred stock
1 Licensed banks, i.e., those operating on an unrestricted basis.2 Includes reserves for dividends.
Banks other than National
Through the cooperation and courtesy of officials of banking depart-ments of the various States, Alaska, and insular possessions, the comp-troller is enabled to present in this report, as required by section 333,United States Revised Statutes, statistics in relation to each class ofactive banks other than national.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Officials of State banking departments and number of each class of active banks under their supervision in June 19$4t from which reports ofcondition were received l
Thomas A. CooperWillard D RandGeo. H. V. Allen.. . .Arthur L. GuyLatimer W. BallouWalter Perry -
Joseph A. BroderickWilliam H. KellyWilliam D. GordonHarold W. HorseyJohn J Ghingher
M. E. BristowGeorge WardGurney P. HoodThomas H. DanielR. E. GormleyJ M LeeJ.H.WilliamsJ S LoveJ. S. Brock.E. C. Brand . . _ .Marion Wasson.James R. Dorman__D. D. Robertson
Titles
Bank commissioner _.do
Commissioner of banking and insuranceCommissioner of banksBank commissionerState bank commissioner
Superintendent of banksCommissioner of banking and insuranceSecretary of bankingState bank commissioner
do
Commissioner of insurance and bankingCommissioner of banking. _Commissioner of banksChief bank examinerSuperintendent of banksComptroller, State of FloridaSuperintendent of banks
doState bank commissionerCommissioner, department of bankingCommissioner, State banking department-Banking and securities commissionerSuperintendent of banks
Banks
State(com-
mercial)
17129
1676
97
470
19610317210722685
144189119468175346258
2,588
Loan andtrustcom-
panies
301334781469
238
13513220625205
523
17
17
Stocksavings
1
7
8
2
2
Mutualsavings
334819
1939
73
375
1382582
13
186
Private banks
UnderStatesuper-vision
5
5
182
27
47
1
1
NotunderStatesuper-vision
1
6
7
4231
334
83
Total
636153
27123
147
618
46318941433
13012
1,241
196103172108268105147189119501179346258
2,691
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OhioIndianaIllinoisMichigan __
g Wisconsinos Minnesotao Iowaco Missouri . . .-
co Total Middle Western States
North DakotaSouth Dakota
co NebraskaKansasMlontanaWyomingColoradoNew M!exicoOklahoma
I. J Fulton . . . -Richard A. McKinleyEdward J. BarrettR. E. ReichertPeter A. ClearyElmer A. BensonD W Bates0. H. Moberly
Adam A. LeforF R. StrainE H LuikartH W KoenekeFrank H JohnsonA. E. Wilde—Grant McFersonJohn BinghamW. J. Barnett
AlaskaThe Territory of HawaiiPuerto RicoPhilippines . . .
Total possessions
Total United States andpossessions
Howard H HansenA. A. SchrammFriend Wm. RichardsonBen DiefendorfJ A. MaliaE J SeabornY. C. White
W G SmithE. S. Smith
Superintendent of banks _ _Director,department of financial institutions.Auditor of public accountsCommissioner, State banking department._.Chairman, State banking departmentCommissioner of banksSuperintendent, department of bankingCommissioner of finance
State bank examinerSuperintendent of banksSuperintendent, department of bankingBank commissioner _ ._ _Superintendent of banksState examiner- _State bank commissioner..State bank examinerBank commissioner
Supervisor of bankingSuperintendent of banks
do -. -Commissioner of financeState bank commissioner _.State bank examinerSuperintendent of banks
i The statement includes also 131 private banks in 9 States not under State supervision but which, under the provisions of section 21 (a) of the Banking J.ake and publish reports of condition in the same manner as provided by law for national banks.
Act of 1933, were required
to
o
HW
awpi
a
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
118 REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of all active banks other than nationalJune 30, 1930 to 1934, are shown in the following statement:
Assets and liabilities of all active banks other than national on or about June 30,1930-84
[In thousands of dollars]
ASSETS
Loans and discounts (including rediscounts).OverdraftsInvestments—Banking house, furniture and fixturesReal estate owned other than banking house.Cash in vaultReserve with Federal Reserve banks or
other Reserve agents __Due from banksExchanges for clearing house and other cash
items __ _Other assets
TotaL.
LIABILITIES
Demand depositsTime deposits (including postal savings)—.United States depositsDue to banksCertified and cashiers' checks and cash
letters of credit and travelers' checksoutstanding
Deposits not classified
Total depositsBills payable and rediscountsAgreements to repurchase securities soldAcceptances executed for customersInterest, taxes, and other expenses accrued
and unpaid..Other liabilitiesCapital notes and debenturesCapital stock _SurplusUndivided profits, netReserves for contingenciesRetirement fund for preferred stock, capital
notes and debentures
1930 (16,827banks)
25, 572,91839,986
11,056, 5571,022, 607
300,567523,463
2,011,4261,640,656
1, 587,1481,148, 257
44,903,585
13,172,31520,712,790
41,7581,657,299
876, 950117,199
86,578,311436, 784
39, 50574,962
1,425,065
2,145,4453, 377, 660
608,9313 173,314
1931 (15,266banks)
21,987,36537,860
12,385,3161,012,388
320,807515, 738
1,984,0931, 779,575
1,092,3441, 450,965
42, 566,451
11, 220,32520,579,771
212,9632,082,329
551,87619,240
34,666,504304,087302, 069496,172
34,958' 687,312
1,982,3353,298,975
566, 5363 227, 503
Total—. 44,903, 585 42,566,451
1932 (13,013banks)
17,792,96410,512
11,026,589921,932383,165453,223
1,524,3661,350,369
553,898860,402
34,877,420
8,464,92617,508,749
211,0381,411,893
324,7508,000
27,929,856741,890
9,078249,090
27,832661,521
1, 748,8812, 798,645
414,0773 297,050
1933 (9,722banks) 1
14,260,3997,647
10, 559,032741,137505,459384,078
1,349,8181,294,189
617,754721,904
1934 (10,472banks) »2
30,441,417
7,364,63815,200,894
410, 7381,346,319
409. 75027,016
13,723,17510, 235
11,940,941628,556693,166361,566
2,006,3681,837,960
312,890743, 476
32,258,333
8,304,54615,661,202
847,0051,687, 645
166, 20225,781
24,759,355 26, 692,381386,028 172, 371
17,576 I 10,529212,509 163,478
34,683 i502,532
1,383,8942,430,723
410,646303,471
32,165335,692322,461
1,498,4982,320,634
386,131323,914
79
34,877,420 30,441, 417 32,258,333
1 Licensed banks; i. e., those operating on an unrestricted basis.2 Figures for 1934 revised since published in text edition of the report due to the fact that amended figureswere subsequently obtained for private banks in the State of New York.
s Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 119
The assets and liabilities of State (commercial) banks June 30,1930 to 1934, are shown in the following statement:
Assets and liabilities of State (commercial) banks, June 1930 to 1934
[In thousands of dollars]
Loans and discounts (including rediscounts).Overdrafts.._Investments _.Banking house, furniture and fixturesReal estate owned other than banking house.Cash in vaultReserve with Federal Reserve banks or
other reserve agentsDue from banksExchanges for clearing house and other cash
itemsOther assets --.
Total.
LIABILITIES
Demand depositsTime deposits (including postal savings)United States depositsDue to banksCertified and cashiers' checks and cash
letters of credit and travelers' checks out-standing
Deposits not classified
Total depositsBills payable and rediscountsAgreements to repurchase securities soldAcceptances executed for customers... _Interest, taxes, and other expenses accrued
and unpaidOther liabilitiesCapital notes and debentures. __Capital stockSurplusUndivided profits—net.... _.Reserves for contingenciesRetirement fund for preferred stock, capital
notes and debentures
1930 (13,582banks)
9, 216,46833,918
2,947, 712436,235145,012294,852
848,129817,049
188,341342,186
15, 269,902
5, 636,0215,953,921
4,269647,985
104, 71538,881
Total.
12,885,792249,08337,59466, 312
26, 278350,849
1,080,960746,812239, 4202 86,802
15, 269,902
1931 (12,259banks)
7, 270,12632,210
2,937, 642401,035134, 412274,922
814,368790, 273
130.069325.070
13,110,127
4, 581,4905, 274,952
86,165622,526
70,7725,538
10,641, US180, 35717,02354,073
25, 693278,682
956,206665,752200,9922 89,906
13,110,127
1932 (10,455banks)
5,130,7094,490
2, 266,923323, 544133,274225,472
541,297541, 533
73,504238,052
9,478, 798
1933 (7,714banks) »
3,117,8622,950
1, 709, 582220,451109,018183,310
458,227440,261
138,185172, 296
6, 552,142
3,076, 7523, 569, 752
81,083378,393
43, 6634,461
2,424, 2142,140,489
91,299291,788
85, 7795,638
7,154,104467,0817,078
36, 720
20, 633237,453
805,332526,841127,3822 96,174
5,039,207229,23112,77624, 620
165, 915
554, 517337, 28090,92587,723
9,478,798 | 6,552,142
1934 (8,348banks) i
2,924,8302,428
2, 284,990216,534127,955177,691
612, 635726, 640
78,992146, 644
7, 299,339
2,897,9562,400,030169,616356,771
50,2321,355
5,875,96094,7929,94425,940
6,252139,330131,256588,486252, 22487,24087,871
44
7,299,339
1 Licensed banks; i. e., those operating on an unrestricted basis.s Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
120 REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of loan and trust companies June 30,1930 to 1934, are shown in the following statement:
Assets and liabilities of loan and trust companies, June 1930 to 1984[In thousands of dollars]
1930 (1,564 ; 1931 (1,469
ASSETS I
Loans and discounts (including rediscounts). IOverdrafts |Investments _ !Banking house, furniture and fixtures !Real estate owned other than banking house.. ICash in vault jReserve with Federal Reserve banks or [
other reserve agents _ „]Due from banks _ \Exchanges for clearing house and other cash j
items__ !Other assets .!
banks)
9, 475, 9365,585
3,835, 746428,88983,188176,126
1,045,843531,883
1, 392,996726,468
banks)
7, 860, 4185,272
4,589,659452, 27096,218
186,193
1, 058, 734615,469
957,1021,039,655
Total I 17,702,660
LIABILITIES
Demand depositsTime deposits (including postal savings) —United States deposits. _Due to banksCertified and treasurers' checks and cash let-
ters of credit and travelers' checks out-standing
Deposits not classified
Total depositsBills payable and rediscounts...Agreements to repurchase securities soldAcceptances executed for customersInterest, taxes, and other expenses accrued
and unpaidOther liabilitiesCapital notes and debenturesCapital stockSurplusUndivided profits, netReserves for contingenciesRetirement fund for preferred stock, capi-
tal notes and debentures
Total . .
7,363,0004,248,970
34,6771,001,867
771,20776,929
13,496,650172, 500
1,9108,628
16,1411,057,788
995, 5551, 684,184
200,1022 69, 202
17,702, 660
16, 860,990
6, 493, 3834,157,143
122,9921,452, 777
480, 63113,106
12,720,032109, 631285, 046442,099
7,113394,312
967,4321,620, 525
186,8962 127,904
16,860,990
1932 (1,235banks)
5,901,3385,796
4, 202,012434, 93598,121
156, 397
891,902427,646
475,819524,864
13,118,830
5, 285,3552,988,301
127,2561,028,976
280,6013,511
9,714,000238,984
2,000212, 367
5,877394, 716
894,0561, 343, 982
123,7612189,087
13,118,830
1933 (1,029banks)i
4,733,8094,572
4,426,941362, 557119,772126,050
798,999503,758
476,014443, 868
11,996, 340
4,874,4812, 588,093
311,0731,052,085
323, 60118,587
9,167,920134, 296
4,800187,889
21, 055307,975
793,6511,009,604
168,814200, 336
11,996,340
1934 (994banks)1
4, 625, 7533,495
4, 786, 651246, 969156, 855118,641
1,228,159633,810
228, 727426,244
12,455,304
5,087, 3302, 667,150
666,7731, 283,093
114,90124, 353
9,848,60057,329
585108,195
23,587175,101161,155809,879926,422146,950202,467
34
12,455,304
1 Licensed banks; i. e., those operating on an unrestricted basis.2 Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OP THE COMPTROLLER OP THE CURRENCY 121
The assets and liabilities of stock savings banks June 30, 1930 to1934, are shown in the following statement:
Assets and liabilities of stock savings banks, June 1930 to 1934
[In thousands of dollars]
ASSETS
Loans and discounts (including rediscounts).OverdraftsInvestments __Banking house, furniture and fixturesReal estate owned other than banking house-Cash in vaultReserve with Federal Reserve banks or
other reserve agentsDue from banksExchanges for clearing house and other cash
itemsOther assets..
Total —
LIABILITIES
Demand depositsTime deposits (including postal savings)United States depositsDue to banks..Certified and cashiers' checks and cash let-
ters of credit and travelers' checks out-standing .
Deposits not classified _
Total deposits...^Bills payable and rediscountsAcceptances executed for customersInterest, taxes, and other expenses accrued
and unpaidOther liabilities .Capital notes and debenturesCapital stock. . . .SurplusUndivided profits—netReserves for contingenciesRetirement fund for preferred stock, capital
notes and debentures
TotaL.
1930 (714banks)
919,318187
378,93341,10521,79916,018
89, 24746,925
3,5134,064
1, 521,109
128,3041,260,852
2,8126,308
64018
1,398,9344,045
5211,201
60,33640,66613,320
2 2,086
1, 521,109
1931 (654banks)
761,320165
365,91232, 75321, 44414, 738
75, 84644, 695
3,0951,433
1, 321, 401
114,1951, 085, 008
3,8066,175
349566
1,210,0994,223
457975
51,85539,39911,980
2 2,413
1, 321,401
1932 (502banks)
591,99893
350, 57326, 73321,73514,175
54, 35926, 731
2,0181,817
1, 090, 232
80, 406893,896
2,6994,265
2912
981,55917,113
705722
43,96433, 7728,861
2 3, 536
1,090,232
1933 (219banks) J
444,94216
309,34718,68920, 25010, 655
45, 79425, 305
2,1681,713
878,879
43, 756751,607
8,3662,268
212
806,20b5,412
446718
30,86326,144
5,3633,724
878,879
1934 (316banks) l
397,08923
353,34118,83324, 7989,586
54,85941, 585
2,3783,458
905,950
76,162732, 596
10, 5994,874
770
825,001436
368757
1,35044, 52619,2555,1099,147
1
905,950
1 Licensed banks; i e., those operating on an unrestricted basis.2 Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Number of active stock savings banks, number of savings depositors, savings deposits, and average deposit account, by States, June 80,1983 and 1934
Location
New JerseyDistrict of Columbia.
Total Eastern States.
Alabama -.
Michigan.Iowa.
Total Middle Western States.
Nebraska
California..UtahArizona
Total Pacific States..
Total United States.
1633 1934
Numberof
banksDeposi-
tors^
39,80240, 690
80, 492
100, 000
3193
196 i
18,11297, 465
115, 577
219
3,595
1, 016, 61650, 42611,849
1,078,891
1, 378, 555
Deposits 2Averagedue eachdepositor
Averagerate of
interestpaid
Numberof
banksDeposi-
tors i Deposits 5Averagedue eachdepositor
$26,344,000 |7,717,000 i 189. 65
Percent3.503.50
34, 061, 000 423. 16
40,158 ! $26, 828, 00047. 472 ! 9,157, 000
35,985,000 |87, 630
2, 219, 000 22.19 46, 281
12, 393, 00044, 342, 000
684. 24454. 95
3.00 t3.00 I
18,613282 j 3 144; 548
56,735,000 I 490.88
1,017,000 I 282.89 j 3.00
592,474,00015,207,0003,876,000 I
582.301.327.
7957 !12 !
3.503.003.00
611,557,000 566. 84
705,589,000 I 511.83 !.
285 j 163,161
192,
410. 65
2, 257, 000
13,444,00059. 413, 000
72, 857, 000
3,513 i 1,044,000
928, 792 \* 5564, 349, 00043, 965 13. 515, 000
9, 704 4, 254, 000
982,461 I 582,118,000
18.77
722. 29411. 03
446. 53
297. 18
607. 62307. 40438. 38
592. 51
316 1,283,046 | 694,261,000 I 541.10
Averagerate of
interestpaid
Percent3.00
toto
2.75 o
2750 g
H
2.50 £}
3.50 H3.00 &2.50
O* j
1-3
w1 Represents number of savings passbook accounts.2 Represents deposits evidenced by savings passbooks and time certificates of deposit.3 Estimated.* Includes savings deposits of departmental banks.8 Includes certified and cashiers' checks.
od
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 123
The assets and liabilities of mutual savings banks June 30, 1930 to1934, are shown in the following statement:
Assets and liabilities of mutual savings banks, June 1930 to 19&41
[In thousands of dollars]
ASSETS
Loans and discounts (including redis-counts) ___
OverdraftsInvestmentsBanking house, furniture, and fixturesReal estate owned other than banking
houseCash in vaultReserve with reserve agentsDue from banksExchanges for clearing house and other
cash items.Other assets
1930 (606 I 1931 (600banks) i banks)
5,896,0232
3,872, 417113,162
44, 24334, 40425,856
234,713
1,77972, 709
6, 051,133
Total.. 10, 295, 308
LIABILITIES
Demand deposits ___ ; 10,305Time deposits (including postal savings).— 9, 205, 258Due to banks ! 173Certified and cashiers' checks, cash
letters of credit and travelers' checksoutstanding j 152
Deposits not classified
Total depositsBills payable and rediscountsInterest, taxes, and other expenses accrued
and unpaidOther liabilitiesCapital notes and debenturesSurplusUndivided profits—net .Reserves for contingencies
Total
9,215,888673
6389, 458
3 898,871154, 623* 15,157
10, 295, 308
4, 475,169123, 373
65, 43238, 22933,566
320, 619
1,85282, 415
1932 (594 j 1933 (576banks) j banks) 2
6,140, 5562
4,194, 572134,442
I127,53855,99435,646 i349,158
2,436 I93,798 j
5, 941, 048
4,103,176138, 252
253, 48262, 78145, 419319,100
1,240102, 645
11,191, 788 | 11,134,142 j 10,967,143
3,718 I10,031,124
453
36
3,35110, 035, 423
92
10,035,3314, 528
1, 6619,557
10, 039, 01817, 477
60425, 661
3 968,121165, 4174 7,173
3 890, 026153, 222* 8,134.
11, 191,788 I 11, 134, 142
3,1329, 709, 861
113
12620
9, 713, ?M16, 271
3,15824, 706
3 1, 054, 370144, 68710, 699
10, 987,143
1934 (578banks) 2
5,647,3082
4, 256, 662138, 021
378, 76253, 33261, 428
397, 371
2,239129,943
11,065, C
2, 5269, 777, 405
132
1818
9, 780,0996,369
1, 64813, 75228,690
31, 073,107144, 35317,050
11, 065,068
1 Includes 1 stock savings bank.2 Licensed banks; i. e., those operating on an unrestricted basis, together with banks having limitations
on deposit withdrawals in one State.3 Includes capital stock of $10,200 for 1 stock savings bank.* Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Number of active mutual savings banks, number of savings depositors, savings deposits, and average deposit account, by States, June 30, 1983and 1934
1 Represents number of savings passbook accounts.2 Represents deposits evidenced by savings passbooks and time certificates of deposit.8 Includes banks having limitations on deposit withdrawals.4 Includes deposits of 10 guaranty savings banks in 1933 and 11 in 1934.5 Includes returns from 1 stock savings bank.6 Dec. 30,1933.7 June 25, 1934.
to
1
aog
t
od
513
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLER OP THE CURRENCY 125Number of savings banks {mutual and stock) in the United States, number of savings
depositors, amount of savings deposits, and average amount due each depositorJune SO, 1914 to 1934, inclusive 1
[For prior years, see annual report for 1920, vol. 1, pp. 236-242]
1 Revised.2 Represents number of savings passbook accounts.3 Represents deposits evidenced by savings passbooks and time certificates of deposit.* Includes estimated returns of 106 banks in California. (See p. 141, Comptroller's Report for 1921.)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
126 REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of private banks June 30, 1930 to 1934, areshown in the following statement:
Assets and liabilities of private banks, June 1930 to 1934[In thousands of dollars]
ASSETS
Loans and discounts (including rediscounts).OverdraftsInvestmentsBanking house, furniture and fixturesReal estate owned other than banking house.Cash in vaultReserve with reserve agentsDue from banksExchanges for clearing house and other cash
itemsOther assets
Total..
LIABILITIES
Demand depositsTime deposits (including postal savings)United States depositsDue to banksCertified and cashiers' checks and cash
letters of credit and travelers' checks out-standing
Deposits not classified
Total depositsBills payable and rediscountsAgreements to repurchase securities soldAcceptances executed for customersInterest, taxes, and other expenses accrued* and unpaid___Other liabilitiesCapital stockSurplusUndivided profits—netReserves for contingencies
Total..
1930 (361banks)
65,173294
21, 7493,2166,3252,0632,351
10,086
5192,830
114, 606
34, 68543, 789
2361,371
81,04710,483
122
305,7698,5947,1271,466
3 67
1931 (284banks)
44,368213
16,9342,9573,3011,656.1,5798,519
2262,392
82,145
27, 53931, 544
398
30
59,5995,348
114, 606
343,7866,8425,1781,2513 107
82,145
1932 (227banks)
28,363131
12, 5092,2782,4971,1851,1625,301
1211,871
55,418
19, 06221,377
167
Jfi, 6751,235
132,9695,5294,024
8513 119
55,418
1933 (184banks) 1
22,738109
9,9861,1882,9371,2821,3795,765
1471,382
46,913
19,05510, 844
65
322,771
82, 767818
763,2184,8633,325857
46,913
1934 (236banks) 1»
128,1954,287
259, 2978,1994,7962,31649,28738,554
55437,187
532,672
240,57284,021
1742, 775
28155
367,72113,445
29,343
3106,75255, 60749,6362,4797,379
532,672
1 Licensed banks; i. e., those operating on an unrestricted basis.2 Figures for 1934 revised since published in text edition of the report due to the fact that amended figures
were subsequently obtained for private banks in the State of New York.3 Includes reserves for dividends.
Section 21 (a) of the Banking Act of 1933 provides, in part, thatafter June 16, 1934, it shall be unlawful for any person, firm, corpora-tion, association, business trust, or other similar organization, other thana financial institution or private banker subject to examination andregulation under State or Federal law, to engage to any extent what-ever in the business of receiving deposits subject to check or to repay-ment upon presentation of a passbook, certificate of deposit, or otherevidence of debt, or upon request of the depositor, unless such person,firm, corporation, association, business trust, or other similar organ-ization shall submit to periodic examination by the Comptroller of theCurrency or by the Federal Keserve bank of the district and shallmake and publish periodic reports of its condition, exhibiting in detailits resources and liabilities, such reports to be made and published atthe same times and in the same manner and with like effect and penal-ties as are now provided by law in respect of national banking asso-ciations transacting business in the same locality. Section 21 (b) ofthe act provides a penalty of $5,000 or imprisonment for not morethan 5 years, or both, upon conviction of any person who shall willfullyviolate section 21 (a).Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 127
As of June 30, 1934, there were 131 private banks affected by thisact which elected to submit to periodic examination as prescribed bythe statute. Eighty-five of the banks elected to be examined by theFederal Reserve bank and the remainder, or 46, had either electedto be examined by the Comptroller or correspondence was pending witha view to obtaining from such banks which agency they elect to exam-ine them. The banks were located in 9 States, as follows: Alabama1, Arkansas 4, Florida 3, Georgia 42, Iowa 14, Michigan 27, NewYork 1, Pennsylvania 6, and Texas 33.
Statements of their assets and liabilities as of June 30, 1934, areincluded in the foregoing tabulation with respect to all private banksin the country as of that date, and summaries of their returns classi-fied by States are published in the appendix of this report.
BANKS IN DISTRICT OF COLUMBIA
The statement following shows the amount of assets and liabilitiesof licensed banks in the District of Columbia, by classes, on June 30,1934:
Statement of assets and liabilities of licensed banks in the District of Columbia, byclasses, June SO, 1984
fin thousands of dollars]
I Total all! banks
Number of banks _
ASSETSLoans and discounts:
Commercial paper bought in open marketLoans to banks and trust companies:
All otherLoans on securities, exclusive of loans to banks: I
To brokers and dealers in securities in New York City.!To brokers and dealers in securities outside New York j
City iTo others
Real estate loans, mortgages, deeds of trust, and other lienson real estate:
On farm land _On other real estate
Reporting banks' own acceptances purchased or dis- icounted j
All other loans j
Total
1,411
8
3,200
11829, 347
4623, 576
30,951
88, 657
Overdrafts _. 33United States Government securities: \
Bonds (including bonds deposited to secure circulation)..-! 59,316Treasury notes J 13,362Certificates of indebtedness 2,604Treasury bills
Total. 75, 282
Other bonds, stocks, and securities, etc.:Obligations of—
Federal Farm Mortgage Corporation..Home Owners' Loan Corporation
42684
Total securities, other than direct obligations, guar-anteed by U. S. Government as to interest and/orprincipal _-_.__
Nationalbanks
Trustcom-
panies
969 L
2,400 !
82 | 3615,177 j 11, 703
44 i2, 455 18, 244
Savingsand State
banks
442
8
2, 4f>7
2,877
21,623 4,979
42,750 ! 35,762
18 13
41, 441 17,1427, 748 4, 6492,070 500
4,349
10,145
73396534
51,259 I 22,291 \ 1,732
20 !290 ;
310
275
275
22lift
14!
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
128 REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of assets and liabilities of licensed banks in the District of Columbia, byclasses, June 30, 1934—Continued
[In thousands of dollars]
ASSETS—continued
Other bonds, stocks, and securities, etc.—Continued.Obligations of Federal land and intermediate credit banks..Stock of Federal Reserve bankObligations of States, counties, districts, political subdi-
visions, and municipalitiesObligations of Territorial and insular possessions of the
United States _ .-_Obligations of joint-stock land banksBonds, notes, and debentures (not including stock) of
other domestic corporations:RailroadsPublic utilities. __ _Real estate corporationsOther domestic corporations
Stock of other domestic corporations:Real estate corporations.. -- --Banks and banking corporations. __Other domestic corporations
Foreign securities:Obligations of foreign central governments _Obligations of foreign provincial, State, and municipal
governments _Other foreign securities.—
Total miscellaneous bonds and securities not guar-anteed by United States Government
Total miscellaneous bonds and securities.Customers' liability on account of acceptancesBanking house, furniture and fixturesReal estate owned other than banking houseReserve with reserve banks
Cash:Gold certificatesAll other cash in vault.
Total.Due from banks:
Items with Federal Reserve bank in process of collection. __Due from member banks in the United StatesDue from nonmember banks in the United StatesExchanges for clearing house and other checks on local banksBalances payable in dollars due from foreign branches of
other American banksBalances not subject to immediate withdrawal, on deposit
with banks and trust companies in the United StatesBalances on deposit with banks and bankers in foreign
countries,.
Total.
Outside checks and other cash itemsRedemption fund and due from United States Treasurer..Other assets
Total.
LIABILITIESDemand deposits:
Deposits subject to check (except those of other banks, theUnited States Government, and States, counties, schooldistricts, or other subdivisions or municipalities)
Certificates of depositOther demand depositsPublic funds of States, counties, school districts, or other
subdivisions or municipalities
Total.
Time deposits, including postal savings:Other time deposits:
Deposits evidenced by savings pass books..Certificates of depositChristmas savings and similar accountsOpen accounts
Total allbanks
4,849750
3,447
4,2655,856
1233,301
3,04851
246
284405
27, 367
28,0937
15,7195,314
29,342
7,827
3,22921,421
1584,866
3
85
87
37,677
518133
1,210
281,985
113,470861
5,499
49
119,879
1,6972,1861,334
Nationalbanks
3,108462
1,557
520
1,6062,451
101,416
1191152
132
92230
11, 271
11,5817
6,2941,082
20,274
15,048
5,049
2,18814, 250
119
3,220
1
43
1824,888
232133398
158,916
67,733411
3,780
71,973
41,1351,209
833797
Trustcom-
panies
1,524
1,748
352
2,1922,811
951,444
2,80439
227
85
169
13, 551
13,826
8,2063,994
2,221
2,221
8756,413
34
1,096
2
40
6710,748
Savingsand State
banks
243
759 ;
102,678
3951,714
41,205
35,649445736
217
142
467594
18441
1251
401
29
2387
2, 545
2,686
1,219238
2,232
558
558
166758
5550
2,041
43
53
20,391
6,641555
6,701
9,11443
617537Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 129
Statement of assets and liabilities of licensed banks in the District of Columbia, byclasses, June 30, 1934-—Continued
[In thousands of dollars]
LI A E ILITIE s—continued
Time deposits, including postal savings—Continued.Public funds of States, counties, school districts, or other
subdivisions or municipalities uPostal savings deposits .Deposits of other banks and trust companies located in:
United States .._ __ _
Total
United States Government deposits _
Due to banks, including certified and cashiers' checks, and cashletters of credit and travelers' checks outstanding:
Due to Federal Reserve Bank (deferred credits)Due to other banks and trust companies in United States..Due to banks in foreign countriesCertified and cashiers' checks, including dividend checks,
outstandingLetters of credit and travelers' checks sold for cash and out-
standing _
Total
"Total depositsSecured by pledge of loans and/or investments. _Not secured by pledge of loans and/or investments
Circulating notes outstanding _Agreements to repurchase United States Government or other
securities soldBills payableRediscounts __ _ _ _.Acceptances executed by other banks for account of reporting
banks _ __Interest, taxes, and other expenses accrued and unpaidOther liabilities .Capital notes and debenturesCapital stock __ _Surplus.. . _Undivided profits, netReserves for contingencies
Total .
Memoranda:Par value of capital stock:
PreferredCommon
Total
Loans and investments pledged to secure liabilities:United States Government securitiesOther bonds, stocks, and securitiesLoans and discounts (excluding rediscounts)
Total ._
Pledged:Against circulating notes outstandingAgainst United States Government and postal-savings
depositsAgainst public "funds of States, counties, school dis-
tricts, or other subdivisions or municipalitiesAgainst deposits of trust departmentAgainst other deposits __ ...With State authorities to qualify for the exercise of
fiduciary powersFor other purposes
Total .
Total allbanks
5101,367
102
93,094
3,271
2,13915,860
261
1,601
28
19,889
236,13310,204
225,929
2,852
21100134
7710886
1,85019,98513,1754,4121,720
281, 985
1,50018,485
19,985
16,0971,593
17,690
2,867
5,452
5501,2574,897
2,57790
17, 690
Nationalbanks
5101,357
77
45,918
3,223
1,87914,162
213
1,042
23
17,319
138,4339,840
128, 593
2,852
729136
9,4504,8502,352
645
158, 916
1,5007,950
9,450
15,0091,409
16,418
2,867
5,353
5501,0144,684
1, 9419
16,418
Trustcom-
panies
36,830
2601,630
48
444
5
2,387
80,422195
80,227
21
134
325844
1,0009,4007,7001,901
931
102,678
9,400
9,400
922141
1,063
243130
63654
1,063
Savingsand State
banks
10
25
10, 346
48
68
115
183
17,278169
17,109
166
946
8501,135
625159144
20, 391
1,135
1,135
16643
209
99
83
27
209
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130 REPORT OF THE COMPTROLLER OF THE CURRENCY
The assets and liabilities of banks in the District of Columbia June30, 1930 to 1934, are shown in the following statements:
Assets and liabilities of national banks in the District of Columbia June 80, 1930-84[In thousands of dollars]
Loans and discounts, including rediscounts __Overdrafts _ _.InvestmentsCustomer's liability account of acceptancesBanking house, furniture, and fixtures—Real estate owned other than banking houseReserve with Federal Reserve banksCash in vaultDue from banksOutside checks and other cash itemsRedemption fund and due from United States Treas-
urerSecurities borrowedOther assets
Total.LIABIL1TIES
Demand depositsTime deposits, including postal savings..United States deposits..Due to banks 2
Total, depositsNational-bank notes outstandingAgreements to repurchase United States Government
or other securities soldBills payable and rediscountsAcceptances executed by other banks for account of
reporting banksSecurities borrowedInterest, taxes, and other expenses accrued and un-
aidpai<Other liabilitiesCapital stock..SurplusUndivided profits, netReserves for contingencies.
1930—12banks
88,65827
36,631
10,7401,5519,5082,879
19,904470
243335
1,948
172,894
71,41453,9261,732
14,431
141,5034,905
2,053200
335
44147
10, 7758,6252,993
3 1,017
Total _..i 172,894
1931—12banks
81,282 j20
51,32415
11,1472,2689,9074,85425,194
528
211 i680 i
1,360
1932—12banks
71,20223
60,46039
11,3092,9509,7964,21716, 371
542
221570
1,398
1933—8banks *
188,790 179, C
75,47962,141
1,71318,019
157,8524,188
1,659200
15
47850
11,1758,7253,2963 972
188,790
66,62164,047
1, 50114, 601
146,7704,389
383,361
570
51592
11,1758,7252,6043 820
179,098
41,37514
57,48111
6,2831,002
11,0385,867
18, 240355
221
~152"
142,039
62,90842,1102,329
14,418
121, 7654,413
87
26299
6,9505,1002, 549
142,039
1934—9b a n k s }
42,75018
62,8407
6,2941,082
20, 2745,049
19,839232
133
158,916
71,97345,9183,22317, 319
188,4332,852
29136
9,4504,8502,352645
158,916
i Licensed banks: i. e., those operating on an unrestricted basis.? Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.3 Includes reserves for dividends.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 131
Assets and liabilities of loan and trust companies in the District of Columbia June30, 1980-84
[In thousands of dollars]
ASSETS
Loans and discounts, including rediscounts -Overdrafts _InvestmentsBanking house, furniture and fixtures _Real estate owned other than banking house _ . .Reserve with Federal Reserve and other reserve banksCash in vault _Due from banksOutside checks and other cash itemsOther assets __ - -
Total
LIABILITIES
Demand depositsTime deposits, including postal savingsUnited States deposits - -Due to banks 2
Total depositsAgreements to repurchase United States Govern-
ment or other securities soldBills payable and rediscounts^Interest, taxes, and other expenses accrued and un-
paidOther liabilitiesCapital notes and debentures.Capital stockSurplusUndivided profits, net _ -Reserves for contingencies
Total
1930—6 banks
56,06014
22,1409,994
868
1,56512,819
509397
104,366
46, 75029, 589
4312,493
79,263
388456
275837
10,4009,9502,4733 324
104, 366
1931—5 banks
46,53219
31,0036,9911,300
2,37912, 251
3701,326
102,171
44, 67429, 637
2103,120
77,641
1,091
291893
9,4009,7502,7683 337
102,171
1932—5 banks
41,3188
31,1778,1932,975
3,6717,518
312726
95,898
38, 55131, 655
22,277
72,485
306871
9,4009, 7502,6873 399
95, 898
1933—5 banks *
37,63012
29,4958,2953,6925,9323,5399,225
180500
98, 500
41, 63132, 232
2,708
76,571
306802
9,4007,7002,0331,688
98,500
1934—5 banks
35,76213
36,1178,2063,9946,8362,2218,527
243759
102,678
41, 20536,830
2,387
80,422
21134
325844
1,0009,4007,7001,901
931
102,678
1 Licensed banks; i. e., those operating on an unrestricted basis.2 Includes certified and treasurers' checks and cash letters of credit and travelers' checks outstanding.3 Includes reserves for dividends.
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132 REPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of savings and State banks in the District of Columbia June SO,1930-84
[In thousands of dollars]
ASSETS
Loans and discounts, including rediscounts...Overdrafts ._ -InvestmentsBanking house, furniture and fixturesReal estate owned other than banking house..Reserve with reserve banks._Cash in vaultDue from banksOutside checks and other cash itemsSecurities borrowedOther assets
Total..
LIABILITIES
Demand depositsTime deposits, including postal savings..United States depositsDue to banks 3 _
Total deposits.-Bills payable and rediscountsSecurities borrowed _ _Interest, taxes, and other expenses accrued and un-
paid _Other liabilitiesCapital notes and debentures.-Capital stockSurplusUndivided profits, net ._Reserves for contingencies.-.
Total..
1 9 3 0 -22 banks
31,9349
7,3062,691
729
1,1163,411
63
165
47,424
15,04025, 695
465
41,200352
16324
2,7531,904
859*169
47, 424
1931—22 b a n k s
30,4364
8,8632,693
866
1,1994,948
6130
119
49,219
15, 77127,123
20390
43,8046030
16148
2,7531,827
8404 196
49, 219
1932—22 banks
27,9859
2,8021,004
1,0203,182
22
136
45,140
13, 30825,032
5380
88,725933
2,7531,743
579* 150
45,140
1933—7 banks1
10,0251
3,0241,243
230
5722,017
18
25
17,155
5,0489,395
3173
230
1212
1,000965203
87
17,155
1934—7 banks l
10,1452
4,4181,219
238* 2, 232
5581,483
43
53
20,391
6,70110,346
48183
17,278100
946
8501,135625159144
20, 391
Note—Does not include the 2 export-import banks.i Licensed banks: i. e., those operating on an unrestricted basis.* Required under Act approved Mar. 4, 1933.s Includes certified and cashiers' checks and cash letters of credit and travelers' checks outstanding.4 Includes reserves for dividends.
Number of depositors and amount of deposits in licensed banks inDistrict of Columbia, October 25, 1933
In a supplemental report for October 25, 1933, banks in the Districtof Columbia were requested to render statements showing the numberof depositors and the amount of deposits according to size and classof deposit balances, for information in connection with a study beingmade with respect to the Temporary Federal Deposit InsuranceFund which became effective January 1, 1934.
There is shown below a summary of the returns made for each classof banks in the District of Columbia as of the date indicated:
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 133
Number of depositors and amount of deposits in licensed banks in the District ofColumbia, grouped according to size and class of deposit balances, Oct. 25, 1938 l
[Amounts in thousands of dollars]
Size and class of deposit balances
Deposits not exceeding $2,500:State, county, and municipal funds..United States Government deoositsPostal SavingsDeposits of other banksCertified and cashiers' checks and
cash letters of credit outstanding...Other deposits—active accountsOther deposits—dormant accounts.._
Total
Number of depositors
Totalall
banks
1
381
6,874289, 33096,036
392, 622
Deposits over $2,500 but not exceeding$10,000: 1
State county and municipal funds 2United States Government depositsPostal SavingsDeposits of other banks . . .Certified and chashiers' checks and
cash letters of credit outstandingOther deposits—active accounts.Other deposits—dormant accounts...
Total
Deposits over $10,000 but not exceeding$50,000:
State, county, and municipal funds..United States Government depositsPostal SavingsDeposits of other banksCertified and cashiers' checks and
cash letters of credit outstandingOther deposits—active accounts.Other deposits—dormant accounts
Total
Deposits over $50,000:State, county, and municipal funds. _United States Government depositsPostal SavingsDeposits of other banksCertified and cashiers' checks and
cash letters of credit outstandingOther deposits—active accountsOther deposits—dormant accounts,.
Total . . . .
Recapitulation:State, county, and municipal fundsUnited States Government depositsPostal SavingsDeposits of other banksCertified and cashiers' checks and
cash letters of credit outstandingOther deposits—active accountsOther deposits—dormant accounts.. .
Total _
Number of banks
60
389,140
102
9,342
Na-tionalbanks
338
5, 349127,86929,979
163, 536
2
48
244,761
â„¢4.871
Trustcom-
panies
1
41
1,037103,32448,718
153,120
9
133,745
57
3.824
85
31,784
5
1,878
1
71
3471
420
5
597
6, 915300, 60196,144
404, 262
21
73
31,051
1
1,129
1
60
2221
284
5
519
5,376133,90330,017
169, 820
11
6513
665
10
120
130
71
1, 050107,84048, 778
157, 739
9 5
Savingsand
Statebanks
2
48858,13717, 339
75,966
3
1634
9
647
1
821
84
1
5
6
7
48958,85817, 349
Amount of deposits
Totalall
banks
2
62
30864, 350
1,501
66, 223
13
336
17341,651
445
42, 618
Na-tionalbanks
2
53
17430,101
468
30, 798
13
269
11821, 766
153
22. 319
Trustcom-
panies
8
11226,004
863
26,987
50
5216, 776
249
17.127
2135
1682, US
6733, 918
107
36, 464
5002,9182,646
10, 924
53,4151,500
211380:
1, 772
6720,171
25
22, 149
Savingsand
Statebanks
1
228,245
170
8,438
17
33,109
43
3,172
22HH
332| 44
12, 04161
12. 434
1, 70621
1.881
5002,9182,32]9,147
37, 2561,500
71,903 53,642
536 5362,9532,814
13, 470
548193,334
3,553
76, 703 217, 208
7
2, 9312,401
11,241
359109, 294
2,146
128, 908
! H251,677
15,512
17,189
2, 067
16470, 333
1,173
73, 737
100
647
1,072
22413162
2513,707
234
14, 563
1 See summary showing a similar statement covering all national banks in the country as of the samedate, published on pp. 158-160. The summary referred to includes an explanation of the basis whichbanks were instructed to follow in rendering their reports.
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134 REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings and dividends of banks other than national in District ofColumbia
The following statement shows comparative figures concerning theearnings and dividends of banks other than national in the Districtof Columbia for the years ended June 30, 1934 and 1933:
Earnings and dividends of licensed trust companies and savings banks in the Districtof Columbia x
[In thousands of dollars]
Common capital, par value2
Capital notes and debenturesSurplus 2 -
Gross earnings:Interest and discount on loansInterest and dividends on bonds,
stocks, and other securitiesInterest on balances with other
banksCollection charges, commissions,
fees, etcForeign department (except in-
terest on foreign loans, invest-ments, and bank balances)
Trust departmentService charges on deposit ac-
counts .Other earnings
Total. _
Expenses:Salaries and wagesInterest on deposits of other
banksInterest on other demand de-
posits _Interest on other time deposits...Interest and discount on bor-
Total current expenses .Withdrawals from reserves for ex-
penses of previous periods accruedand unpaid (see detail on p. 125 ofreport for 1933)
Grand totalNet earnings _ _.
Recoveries, profits on securities, etc.:On loansOn bonds, stocks, and other se-
curities -Allother
Total
Total net earnings, recoveries,etc
Losses and depreciation:On loansOn bonds, stocks, and other se-
curitiesOn banking house, furniture and
fixturesOther losses and depreciation
Total current period
6 mD
5 trustcom-
panies
9,400
7,700
919
574
63
7263
23268
2,118
598
2514
3204341
1,662
456
28
2321
72
528
692
406
66149
1,313
onths enec. 31, 19
7 sav-ings
banks
1,000300650
331
55
2
23
2326
460
137
1130
102894
400
60
3
68
17
77
247
131
2722
427
ded33
12 totalbanks
10,400300
8,350
1,250
629
3
86
7263
46294
2,578
735
3644
13232435
2,062
516
31
2929
89
605
939
537
93171
1,740
6 months endedJune 30,1934
5 trustcom-
panies
9,4001,0007,700
868
617
1
51
6241
24310
2,118
612
45
458
195371
1,681
437
32
36920
421
858
330
86
6726
509
7 sav-ings
banks
1,135850625
321
69
22
2833
473
153
112
228
109
404
69
9
383
50
119
133
26
1336
208
12 totalbanks
10,5351,8508,325
1,189
686
1
73
6241
52343
2,591
765
45
570
2223480
2,085
506
41
40723
471
977
463
112
8062
717
Yearended
June 30,1934,
12banks
10,5351,8508,325
2,439
1,315
4
159
13504
98637
5,169
1,500
45
31,214
15455915
4,147
1,022
72
43652
560
1,582
1,402
649
173233
2,457
Yearended
June 30,1933,
12banks
10,400
8,665
3,220
1,553
62
197
10611
100594
6,347
1,744
25
2791,339
106539890
4,922
324
5,2461,101
24
19757
278
1,379
607
1,269
327252
2,455
i Excludes the 2 export-import banks.* Capital and surplus at end of period.Digitized for FRASER
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REPORT OF THE COMPTROLLER OF THE CURRENCY 135
Earnings and dividends of licensed trust companies and savings banks in the Districtof Columbia—Continued
[In thousands of dollars]
Withdrawals from reserves for depre-ciation of previous periods on realestate (see detail on p. 125 of reportfor 1933)
Grand total ._ . . _Net addition to profits ._DividendsInterest on capital notes and deben-
turesRatios:
Dividends to common capital2
percent-_Dividends to common capital and
surplus2 percent.-Net addition to profits to com-
mon capital2 percent. .Net addition to profits to com-
mon capital and surplus 2
percent. .
6 months endedDec. 31, 1933
5 trustcom-
panies
3785226
2.40
1.32
3 8. 35
3 4.59
7 sav-ings
banks
3 35029
2.90
1.76
3 35. 00
3 21. 21
12 totalbanks
•
3 1,135255
2.45
1.36
» 10, 9)
3 6.05
6 months endedJune 30, 1934
5 trustcom-
panies
349226
2.40
1.32
3.71
2.04
7 sav-ings
banks
3 8916
4
1.41
.91
3 7. 84
3 5. 06
12 totalbanks
260242
4
2.30
1.28
2.47
1.38
y o a r
ended
1934,12
banks
* 875497
4
4.72
2.64
3 8.31
3 4.64
ended
1933,12
banks
1,008
3 4633 2 084
808
7.77
4.24
s 20.04
3 10. 93
2 Capital and surplus at end of period.3 Deficit.
Building and loan associations in District oj Columbia
The assets of the 28 building and loan associations operating in theDistrict of Columbia under the supervision of the Comptroller of theCurrency on June 30, 1934, totaled $93,359,000 and exceeded by$5,009,000 the assets of these associations on June 30 a year ago.
The loans, which aggregated $84,946,000, showed an increase in theyear of $2,027,000. Installment payments on shares increased alsofrom $78,308,000 to $83,871,000.
Twenty-three of the associations operated on the permanent planand five on the serial plan. The total membership was 103,550, ascompared to 93,427 members a year ago, and of the total in thecurrent year the numbers borrowing and nonborrowing were 25,722and 77,828, respectively.
The statement following discloses the number of building and loanassociations in the District of Columbia, their aggregate loans, install-ments paid on shares, and total assets on June 30 each year 1914-34,(Summaries of the assets and liabilities of the individual associationsas of June 30, 1934, together with consolidated statements of assetsand liabilities and receipts and disbursements for the 6-month periodsended Dec. 31, 1933, and June 30, 1934, are published in the appendixof this report.)
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136 REPORT OF THE COMPTROLLER OF THE CURRENCY
[Figures for previous years published in report for 1931]
Years
June 3 0 —1914-1915-1916-1917-1918-1919-1920-1921-1922-1923-1924-1925-1926-1927-1928-1929-1930-1931-1932..1933-1934-
Since the enactment of this act, the following credit unions havebeen recommended for approval by this office and licensed by theDistrict Commissioners:
Adjutant General's Office Employees Credit Union of the Districtof Columbia, licensed March 25, 1933. License renewed June 12,1934.
Agricultural Employees Credit Union of the District of Columbia,licensed May 2, 1934.
Armour Washington Credit Union of the District of Columbia,licensed February 3, 1933. License renewed on February 19, 1934,
Department of Commerce Credit Union of the District of Columbia,licensed November 14,1932. License renewed on November 24, 1933.
Educational Employees Credit Union of the District of Columbia,licensed March 2, 1933. License renewed on March 19, 1934.
F. C. A. Employees Credit Union of the District of Columbia,licensed May 3, 1934.
F. E. U. Local 262 Credit Union of the District of Columbia,licensed November 25, 1932. License renewed on December 11, 1933.
F. E. U. No. 105 Credit Union of the District of Columbia, licensedNovember 29, 1932. License renewed on December 11, 1933.
F. E. U. No. 261 Credit Union of the District of Columbia, licensedJanuary 16, 1933. License renewed on January 15, 1934.
G. A. O. Employees7 Credit Union of the District of Columbia,licensed November 10, 1933.
In-Com-Co. Credit Union of the District of Columbia, licensedJanuary 16, 1933. License renewed on December 29, 1933.
Navy Department Branch of F. E. U. No. 2 Credit Union of theDistrict of Columbia, licensed January 19, 1933. License renewed onJanuary 20, 1934.
Navy Yard Credit Union of the District of Columbia, licensedMarch 27, 1933. License renewed on April 4, 1934.
Post Office Department Employees Credit Union of the District ofColumbia, licensed April 2, 1934.Digitized for FRASER
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REPORT OF THE COMPTROLLER OF THE CURRENCY 137
Railway Mail Service Credit Union of the District of Columbia,licensed October 17,1932, as of July 5,1932. License renewed Novem-ber 13, 1933. License renewed June 28, 1934.
St. Anthony's Parish Credit Union of the District of Columbia,licensed November 16, 1932. License renewed on December 19, 1933.
Standards Credit Union of the District of Columbia, licensedNovember 14, 1933.
Swift Employees Credit Union of the District of Columbia, licensedJuly 27, 1933. License renewed October 18, 1934.
Uniformed Fireman's Credit Union of the District of Columbia,licensed December 18, 1933.
Washington Postal Employees Credit Union of the District ofColumbia, licensed February 7, 1933. License renewed on April 23,1934.
Western Union Employees Credit Union of the District of Colum-bia, licensed January 7, 1933. License renewed on January 15, 1934.
Veterans Administration Employees Credit Union of the Districtof Columbia, licensed October 27, 1932. License renewed on Novem-ber 13, 1933.
Summaries of the assets and liabilities of the individual creditunions as of June 30, 1934, together with a consolidated statement ofassets and liabilities and receipts and disbursements for the 6 monthsended June 30, 1934, are published in the appendix of this report,
Export-Import banks in the District of Columbia
Pursuant to Executive orders dated February 2, 1934, and March9, 1934, which are quoted elsewhere in this report, two export-importbanks were established in the District of Columbia to commencebusiness in the year ended October 31, 1934. These banks wereincorporated under the provisions of title 5, chapter 9, section 261 ofthe Code of Laws of the District of Columbia.
The Export-Import Bank of Washington was authorized on Feb-ruary 16, 1934, to begin the business of banking with capital stock of$11,000,000, of which amount $10,000,000 was preferred stock takenby the Reconstruction Finance Corporation, and $1,000,000 commonstock taken by the National Recovery Association under section 220of the National Industrial Recovery Act. The par values of thepreferred stock of this bank is $1,000 per share and the par of thecommon stock $100 per share. The articles of association providefor dividends of 5 percent per annum on the preferred stock.
The Second Export-Import Bank of Washington, D. C. was author-ized on March 24, 1934, to begin the business of banking with capitalstock of $2,750,000, of which amount $2,500,000 was preferred stocktaken by the Reconstruction Finance Corporation, and $250,000common stock taken by the National Recovery Association undersection 220 of the National Industrial Recovery Act. The par valueof the preferred stock of this bank is $1,000 per share and the par ofthe common stock $100 per share. The articles of association pro-vide for dividends*of 5 percent per annum on the preferred stock.
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138 REPORT OF THE COMPTROLLER OF THE CURRENCY
Statements of condition of the subject banks as of October 17,1934, follow:
Export-ImportBank
Second Export-Import Bank
ASSETSFurniture and fixtures _ _Cash in vaultBalances with other banksOther assets
Total
LIABILITIES
Dividends declared but not yet payable and amounts set aside for divi-dends not declared _
BUILDING AND LOAN ASSOCIATIONS IN THE UNITED STATES
Statistics relative to all building and loan associations in the UnitedStates have been obtained through the courtesy of the secretary ofthe United States Building and Loan League, with headquarters atCincinnati, Ohio, and are published in the following statements:Number of building and loan associations, total membership, and total assets, etc.,
for the year ended in 1933, by States
StatesNumberof asso-ciations
Totalmember-
shipTotal assets Decrease in
assets
Decrease inmember-
ship
1. New Jersey l
2. Pennsylvania3. Ohio4. Massachusetts5. Illinois6. New York7. California _.-.8. Indiana.. _9. Wisconsin. _
10. Maryland1
11. Missouri12. Louisiana.13. Michigan..14. Nebraska15. Kentucky16. Kansas17. Texas18. Oklahoma19. District of Columbia.20. North Carolina21. Washington22. Virginia23. Iowa24. Minnesota...25. Colorado _.26. Rhode Island _.27. West Virginia28. Arkansas29. Connecticut _.30. Maine . . .31. Alabama32. Utah _33. South Carolina *34. Oregon35. Tennessee _.36. Delaware.. .37. Montana38. New Hampshire39. Florida40. North Dakota
1 N o report issued in 1932—figures for 1931 used. %i Increase. • Estimated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
140 REPORT OF THE COMPTROLLER OP THE CURRENCY
Failures of building and loan associations, 1920-33
1 Located as follows: Alabama, 1; Arizona, 2; California, 4; Colorado, 6; Florida, 4; Illinois, 1; Indiana, 4;Iowa, 1; Kentucky, 1; Louisiana, 1; Maryland, 1; Mississippi, 1; Missouri, 1; New Jersey, 8; New York, 1;Ohio, 27; Pennsylvania, 17; Tennessee, 2; Texas, 1; Utah, 2; and Wyoming, 2.
MONEY IN THE UNITED STATES
Statements showing the stock of money in the United States inthe years ended June 30, 1914 to 1934, and the imports and exportsof merchandise, gold and silver in the calendar years 1914 to 1933,and the 9 months ended September 30, 1934, follow:
Stock of money in the United States, in the Treasury, in reporting banks, in FederalReserve ba?iks, and in general circulation, years ended June 30, 1914 to 1934
1 Public money in national-bank depositories to the credit of the Treasurer of the United States notincluded.
2 Money in banks of island possessions not included.
NOTE.—Popula t ion estimated at 113,818,432 in 1924; 115,469,094 in 1925; 117,227,000 in 1926; 118,719,000in 1927; 120,104,000 in 1928; 121,546,198 in 1929; 123,250,000 in 1930; 124,135,800 in 1931; 124,881,806 in 1932:125,753,206 in 1933, and 126,485,606 in 1934.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 141
Imports and exports of merchandise, calendar years 1914 to 1933, inclusive, andfrom Jan. 1 to Sept. 30, 1934
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THEUNITED STATES
The statement following shows the assets and liabilities of govern-mental corporations and credit agencies of the United States as ofSeptember 30, 1934:
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Assets and liabilities of governmental credit agencies, Sept. 80, 1984
f Compiled by 17. S. Treasury Department from reports received from organizations concerned. In millions of dollars]
ASSETSLoans—total - -Preferred stock, capital notes, and debentures of bank and trust companiesCash—total . _ . . . _ .Investments:
United States securities . . . _ _ . . . . _.Obligations guaranteed by United StatesFederal land bank bonds . . . . _Intermediate credit bank securities - - - -Production credit associations—class A stock
Other assets
Total assets . .
LIABILITIESBonds, notes, and debentures:
Obligations guaranteed by United StatesAll other - - -
Other liabilities (including reserves) ___ __
Total liabilities -
Excess of assets over liabilities, exclusive of interagency transactionsPrivately owned interests
United States Government interests
Distribution of Government interests:Capital stockSurplus.Intera°rencv interest (net)
Total
6,884i 793
353
500143456
280
357
9,568
2,1982,555
400
5,153
4,415291
4, 124
3,987137
Total
2,404i 793
49
13
26
80188
3,553
2469895
439
3,114
3,114
2,9536398
Financed wholly from Government funds
Recon-structionFinanceCorpora-
tion
1,799i 793
9
Com-moditvCredit
Corpora-tion
79
45
2,646
i 246
: 55
i 301
i 2,346
2, 346
50063
! 1,783
2
81
(2)
(2)
81
81
31
77
Export-Importbanks
14
(2)
14
(2)
(2)
13
13
14
PublicWorks
Adminis-tration
203
1
RegionalAgricul-
turalCredit
Corpora-tions
49
2
(2)
2
206
206
206
3 305
- 9 9
6
58
5
5
53
53
44
9
Produc-tion
CreditCorpora-
tion
2
3
26
801
113
3
110
110
110
Other
274
20
9
131
435
9833
131
305
305
3 1,977- 1
- 1 , 6 7 2
§
3W
i§
a
o
1 Includes $100,000 of preferred stock of insurance companies. i Less than $500,000. 3 Nonstock. 1 Deficit less than $500,000.
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Assets and liabilities of governmental credit agencies, Sept. 80, 1934 —Continued
Financed partly from Government funds
ASSETS
Loans—total... - . - _Cash—totalInvestments:
United States securitiesObligations guaranteed bv United StatesFederal land bank bondsIntermediate credit bank securities
Other assets . _ _ _
Total assets - . . _ .
LIABILITIESBonds, notes, and debentures:
Obligations guaranteed by United StatesAll other
Other liabilities (including reserves)
Total liabilities _._
Excess of assets over liabilities, exclusive of interagency transactionsPrivately owned interests
United States Government interests
Distribution of Government interests:Capital stockSurplusInteragency interest (net)
Total
4, 480304
487143430
169
6,015
1,9522,457
305
4,714
1,301291
1,010
1,03474
- 9 8
Federalland
banks
1,87099
6729
125
2,120
1,645214
1,859
26199
163
11851
- „
Federalinter-
mediatecreditbanks
19119
74
5
289
1824
186
103
103
7033
FederalFarmMort-gage
Corpo-ration
51618
430
5
969
724
49
773
196
196
200- 4
Banksfor
cooper-atives
2310
77
113
(2)
(2)
1131
112
1102
Homeloan
banks
875
214
1
108
4
4
10422
82
811
HomeOwners'Loan
Corpo-ration
1,793164
24
1,980
1,22863032
1,890
90
90
200—9
- 1 0 1
FederalSavings& LoanInsur-ance
Corpo-ration
(2)
100
1
101
101
101
10011
Federal Federalsavings Deposit
and i Insur-loan 1 anceasso- j Corpo-
ciations ! ration
i 60
266
4 i 3
4 | 329
|
i 1
1 1
4 328. , i 170
4 | 158
4 150
i 8!
Ow(-3
3
3
wa
a
2 Less than $500,000.
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REPOBT OF THE COMPTROLLER OF THE CURRENCY 145
RECONSTRUCTION FINANCE CORPORATION
The following report issued by the Reconstruction Finance Cor-poration shows a statement of condition of the Corporation as of theclose of business September 30, 1934.
Statement of Condition of the Corporation as of the close of business Sept. 80, 1934
ASSETS
Cash on deposit with Treasurer of United States $1, 894, 965. 07Funds held in suspense by custodian banks 1 7, 256, 404. 31Petty cash funds and travel advances 10, 375. 00Allocated for expenses Regional Agricultural Credit Corpora-
tions (under Farm Credit Administration) _ _ 10, 430, 784. 00Allocated for Federal Emergency Relief Administration (1933
relief act) 500, 000, 000. 00Allocated to Secretary of Treasury 2 124, 741, 000. 00Allocated to Secretary of Treasury 3 200, 000, 000. 00Allocated to Lank Bank Commissioner *__„ $300, 000, 000. 00
Less—Reallocated to Federal FarmMortgage Corporation $55, 000, 000. 00
245, 000, 000. 00Allocated to Federal Farm Mortgage Cor-
poration 55,000,000. 00Allocated to Federal Housing Adminis-
trator5 _ 10,000,000. 00Allocated to Secretary of Agriculture 6 200, 000? 000. 00
Less:Reallocated as
Capital Re-gional Agri-cultural Cred-it Corpora-tions $44, 500, 000. 00
Reallocated t oGovernor o fFarm CreditAdministra-tion 40, 500,000. 00
85, 000, 000. 00115> 000, 000. 00
Capital Regional Agricultural Credit Cor-porations 44, 425, 000. 00
Allocated for revolving fund (capitalRegional Agricultural Credit Corpora-tions) 75, 000. 00
44, 500, 000. 00Allocated to Governor, Farm Credit Administration 40, 500, 000. 00Loans under sec. 5:
Preferred stock, insurance company—purchased 100, 000. 00See footnotes at end of table.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 147
Statement of Condition of the Corporation as of the close of business Sept. 30, 1984--
Continued
ASSETS—continued
Capital notes and debentures, banks and trust companies:Purchased (less retirements) $259, 771, 800. 00Subscriptions authorized . 74, 865, 000. 00
Advances for care and preservation of collateral:Proceeds disbursed (less repayments) 227, 867. 16Proceeds not yet disbursed 118, 868. 45
Collateral purchased (cost less proceeds of liquidation) 1, 739, 089. 04Accrued interest receivable 43, 383, 538. 50Reimbursable expense 632, 020. 16Furniture and fixtures $627, 541. 26
Less allowances for depreciation 99, 544. 21527, 997. 05
Total 5, 041, 759, 558. 94
LIABILITIES AND CAPITAL
Payable on certificate of Federal Emergency Relief Adminis-tration (1933 relief act) 410, 597. 82
Payable to Secretary of the Treasury 2 43, 295, 300. 00Payable to land-bank commissioner 4 97, 400, 000. 00Payable for capital Regional Agricultural Credit Corporations. 75, 000. 00Callable by Farm Credit Administration for expenses of
Regional Agricultural Credit Corporations 3, 878, 744. 27Liability for funds held as cash collateral 7, 456, 315. 31Proceeds not yet disbursed:
Loans under sec. 5 329, 736, 879. 50Loans to industrial and commercial businesses 10, 040, 996. 73Loans and contracts for self -liquidating projects section
201-a 106, 442, 969. 87Loans for repair or reconstruction of property damaged
by earthquake, etc 3, 635, 054. 82Loans under sec. 2pi-c, for financing sale of agricultural
surpluses in foreign markets 3, 778, 061. 88Loans to institutions under sec. 201-d 295, 529, 500. 29Loans to drainage, levee and irrigation districts 64, 369, 870. 03Loans secured by preferred stock insurance companies, _ 3, 500, 000. 00Loans secured by preferred stock banks and trust com-
panies 2, 161, 825. 00Relief authorizations (1932 act) 15, 001. 00Advances for care and preservation of collateral 118, 868. 45Subscription authorizations:
Preferred stock,banks and trust companies. „ _„ 65, 823, 460. 00Capital notes and debentures banks and trust com-
panies 74, 865, 000. 00Cash receipts not allocated pending advices _ _ 13, 804, 851. 28Miscellaneous liabilities (including suspense) . 11, 477, 412. 05Liability for funds held pending adjustment 2, 546. 32Unearned discount 58, 321. 56Interest paid in advance 142, 951. 54Interest and dividend refunds and rebates payable 87, 998. 20Interest accrued 19, 918, 743. 52
See footnotes at end of table.
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148 REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of Condition of the Corporation as of the close of business Sept. 30, 1934—Continued
LIABILITIES AND CAPITAL—continued
Deferred credits:Income on collateral purchased-_. $134, 226. 10Premium on sale of notes 105, 223. 82
$239, 449. 92Notes—Series D, E, F, G, and H 3, 320, 964, 666. 67Capital stock 500, 000, 000. 00Surplus Dec. 31, 1933 $39, 102, 163. 64Reserve for self-insurance 100, 000. 00
39, 202, 163. 64Surplus adjustment 11, 786. 33Interest earned and dividends collected less interest and ex-
2 Sec. 2 of the Reconstruction Finance Corporation Act, as amended by the Federal Home Loan BankAct, provides that "in order to enable the Secretary of the Treasury to make payments upon stock ofFederal home-loan banks subscribed for by him in accordance with the Federal Home Loan Bank Act,the sum of $125,000,000 or so much thereof as may be necessary for such purpose, is hereby allocated andmade available to the Secretary of the Treasury out of the capital of the Corporation and/or the proceedsof notes, debentures, bonds, and other obligations issued by the Corporation." The amount of suchstock subscribed for by the Secretary of the Treasury is $124,741,000.
3 Sec. 4-b of the Home Owners' Loan Act of 1933, provides that "the Board (Federal Home Loan BankBoard) shall determine the minimum amount of capital stock of the Corporation (Home Owners' LoanCorporation) and is authorized to increase such capital stock from time to time in such amounts as maybe necessary, but not to exceed in the aggregate $200,000,000. Such stock shall be subscribed for by theSecretary of the Treasury on behalf of the United States, and payments for such subscriptions shall besubject to call in whole or in part by the Board and shall be made at such time or times as the Secretary ofthe Treasury deems advisable. In order to enable the Secretary of the Treasury to make such paymentswhen called, the Reconstruction Finance Corporation is authorized and directed to allocate and makeavailable to the Secretary of the Treasury the sum of $200,000,000, or so much thereof as may be necessary,and for such purpose the amount of notes, bonds, debentures, or other such obligations which the Recon-struction Finance Corporation is authorized and empowered under sec. 9 of the Reconstruction FinanceCorporation Act, as amended, to have outstanding at any time, is hereby increased by such amountsas may be necessary." The amount of such stock subscribed for by the Secretary of the Treasury is$200,000,000.
* Sec. 30 (a) of the Emergency Farm Mortgage Act of 1933 made $100,000,000 available to the farm loan(now land bank) commissioner for loans to joint-stock land banks. Sec. 32 of the same act made $200,000,000available to the farm loan (now land bank) commissioner for direct loans to farmers. Of the amount madeavailable under sec. 32, $145,000,000 was paid to the land bank commissioner and the balance $55,000,000was reallocated and paid to the Federal Farm Mortgage Corporation under sec. 3 of the Federal FarmMortgage Corporation Act.
5 Under the provisions of sec. 4 of the National Housing Act of 1934 which states that "the Reconstruc-tion Finance Corporation shall make available to the Administrator such funds as he may deem neces-sary", $10,000,000 has been paid to the Federal Housing Administrator.
6 Sec. 2 of the Reconstruction Finance Corporation Act as amended made available to the Secretary ofAgriculture $200,000,000. Of this amount $135,000,000 was paid to him of which $20,000,000 was returnedto the Corporation. Of the $85,000,000 difference $44,500,000 was reallocated and disbursed as capital of theRegional Agricultural Credit Corporations (sec. 201 (e) Emergency Relief and Construction Act of 1932).The remainder, $40,500,000, was made available and has been paid to the Governor of the Farm CreditAdministration, pursuant to the provisions of sec. 5 (a) (1) of the Farm Credit Act of 1933.
7 Loans under sec. (5) of the Reconstruction Finance Corporation Act to aid in the reorganization orliquidation of closed institutions have been authorized in the aggregate amount of $962,763,895.68 of which$110,717,554.60 has been canceled. After taking into consideration repayments of $255,878,864.11 items (6)of the balance sheet include the balance of $367,251,476.61 representing proceeds disbursed (less repayments)and $228,916,000.36 representing proceeds not yet disbursed, exclusive of $14,983,666.21 loans approved inprinciple upon the performance of specified conditions.
In addition to loans and other authorizations reflected on the state-ment of condition, the Corporation has approved in principle loans inthe amount of $175,954,616.21 and purchase of preferred stock,capital notes and debentures of banks and trust companies in theamount of $55,338,140 upon the performance of specified conditions.
This statement of condition does not take into consideration ex-penditures incurred but not paid by the Corporation at the close ofbusiness September 30, 1934, nor income of Regional AgriculturalCredit Corporations whose capital stock was subscribed by theCorporation.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 149
FARM CREDIT ADMINISTRATION
The statement following shows the assets and liabilities of theFarm Credit Administration as of October 31, 1934:
$2j 981, 603, 052. 60Accrued interest receivable 42, 770, 832. 73Accounts and other receivables „ 16, 987, 415. 39Cash:
With United States Treasury 36, 935, 476. 06On hand and in banks 1 60, 718, 666. 54In trust funds 7, 546, 289. 68
105, 200, 432. 28Investments:
United States securities 131, 411, 262. 51F. F. M. C. bonds 115, 232, 177. 18F. L. B. bonds 489, 113, 396. 87P. C. A.—class A stock 88, 115,025. 00Other investments 93,641. 41
823, 965, 502. 97Real estate and business property:
Banking house and equipment 5, 509, 244. 75Stores and supplies 25, 427. 02Real estate and other property
held for sale 77, 192, 016. 1582, 726, 687. 92
Other assets 2, 722, 860. 89
Total assets other than inter-agency ._ 4, 055, 976, 784. 78
Interagency assets:Due from governmental corpora-
tions 51, 618, 232. 29Allocations from R. F. C 100, 926, 494. 27
152, 544, 726. 56
Total all assets 4, 208, 521, 511. 34
LIABILITIESBonds, notes and debentures:
F. F. M. C. bonds _.._ $796,115,200.00F. L. B. bonds 1, 686, 196, 260. 00F. I. C. B. bonds 177,680,000.00
2, 659, 991, 460. 00Accrued interest payable:
Guaranteed by United States 9, 589, 713. 01Not guaranteed by United States..- 32, 248, 914. 31
The statement following shows the condition of the 12 Federal landbanks as of September 30, 1934, taken from report compiled by theFarm Credit Administration:
Consolidated statement Sept. 80, 1934
ASSETS
Mortgage loans, less principal portion of full advance pay-ments and reserve $1, 789, 630, 397. 65
Installments matured and unpaid by borrowers, less partialpayments and reserves for installments delinquent 38, 130, 196. 06
Tax and insurance advances, etc., less reserves 13, 071, 789. 47Purchase money mortgages and contracts, less reserves 39, 298, 017. 42Cash on hand and in banks 28, 667, 523. 44Due from Secretary of Treasury (interest reductions and
paid-in surplus) 5, 901, 548. 64United States Government obligations, direct and fully
guaranteed 96, 213, 177. 10Other securities 44, 339. 83Accrued interest receivable (not yet due) 26, 284, 808. 06Real estate owned, less reserves 67, 193, 697. 89Sheriffs' certificates, judgments, etc., less reserves 10, 956, 098. 71Notes receivable (interest not accrued), less reserves 329, 961. 20Banking house, furniture, fixtures, equipment, etc. (net after
Total . 2, 122, 824, 117. 05Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLER OF THE CURRENCY 1 5 1
Federal intermediate credit banks
The statement following shows the condition of the 12 Federalintermediate credit banks as of September 30, 1934, taken from reportcompiled by the Farm Credit Administration:
Consolidated statement Sept. 30, 1984
ASSETSLoans and discounts _ _ . . $191, 390, 681. 93Notes receivable „___„ 2,977, 572. 06Cash on hand and in banks 18, 720, 269. 94United States Government obligations, direct and fully.
Debentures (authorized and executed) 181, 770, 000. 00Accounts payable 210, 625. 14Liability for cash collateral 630, 391. 82Deferred proceeds, loans, and discounts 927, 466. 60Interest accrued; debentures 1, 147, 112. 18Interest collected, not earned 455, 290. 72Unamortized premium on own debentures issued and out-
standing 517, 398. 85Other liabilities 535,625. 28Capital stock paid in 70, 000, 000. 00Surplus paid in 30, 000, 000. 00Earned surplus, reserves for contingencies, and undivided
profits 2, 815, 329. 21Total 289, 009, 239. 80
Joint-stock land banks
On September 30, 1934, there were 44 joint-stock land banks inoperation, 1 in voluntary liquidation and 3 in process of liquidationthrough receivership. A consolidated statement of condition of theactive banks on the date indicated was not compiled by the FarmCredit Administration, as heretofore, although individual statementsof such banks, as well as of the banks in process of liquidation throughreceivership, are available.
The Emergency Farm Mortgage Act of 1933, approved May 12,1933, provided that "After the date of enactment of this act, nojoint-stock land bank shall issue any tax-exempt bonds or make anyfarm loans except as are necessary and incidental to the refinancingof existing loans or bond issues or to the sale of any real estate nowowned or hereafter acquired by such banks." The act in effectprohibits joint-stock land banks from acquiring new business andrestricts them to the orderly liquidation of their existing assets.Sections 30 and 31 of the Emergency Farm Mortgage Act of 1933,as a means of expediting the required liquidation, authorized anddirected the Reconstruction Finance Corporation to make availableto the Land Bank Commissioner for a period not exceeding 2 yearsfrom date of enactment of the act, the sum of 100 million dollars tobe used for the purpose of making loans to the joint-stock land banks
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152 REPORT OF THE COMPTROLLER OF THE CURRENCY
organized and doing business under the Federal Farm Loan Act, asamended, at a rate of interest not to exceed 4 percent per annum,payable annually,
FEDERAL HOME-LOAN BANK SYSTEM
The statement following shows the assets and liabilities of theFederal Home Loan Bank System as of October 31, 1934:
Consolidated statement Oct. 81, 1934
ASSETSCash:
On hand $13, 118.05On deposit with United States Treasurer 2, 114, 647. 42On deposit with affiliated banks 1,450,000. 00On deposit with commercial banks 1, 513, 842. 82
Fully paid—issued and outstanding:Members 19, 282, 900. 00United States Government 81, 645, 700. 00
100, 928, 600. 00
Subscriptions to capital stock:Members and applicants 4, 027, 200. 00Less—balance due 2, 096, 188. 88
1, 931,011. 12United States Government 43, 095, 300. 00Less—balance due 43, 095, 300. 00
Surplus:Reserves:
As required under section no. 16 of act 563, 392. 81United States Government 2-percent dividend 1, 120, 864. 08Other 0
Surplus—unallocated 940, 836. 24
Total surplus and reserves 2, 625, 093. 13
Total capital 105, 484, 704. 25
Total liabilities and capital 109, 183, 850. 75
Home Owners' Loan Corporation
The statement following shows a summary of the operations of theHome Owners' Loan Corporation from the date of its organizationto the close of business on November 29, 1934:
Summary of operationsApplications received:
Number 1, 757, 000Amount . $5, 684, 772, 000Average per application $3, 235
Loans closed:Number 670, 000Amount:
Bonds issued and in process of issuance:4-percent bonds dated July 1, 1933,
due July 1, 1951 $325,320,000Series A 3-percent bonds dated
May 1, 1934, due May 1, 1952__ 926, 204, 000Series B 2%-percent bonds dated
Aug. 1, 1934, due Aug. 1, 1949__ 532, 845, 000
1, 784, 369, 000Cash advances added to principal of
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
154 REPORT OF THE COMPTROLLER OF THE CURRENCY
In addition to bonds of $1,784,369,000 issued in exchange for homemortgages and shown above, the following bonds have been issuedfor cash and for subscription to the capital stock of the FederalSavings and Loan Insurance Corporation:Series A 3-percent bonds dated May 1, 1934, due May 1, 1952___ $168, 872, 000Series C 1 Ì‚ -percent bonds dated Aug. 15, 1934, due Aug. 15, 1936_ 49, 736, 000Series D 1%-percent bonds dated Aug. 15, 1934, due Aug. 15, 1937. 49, 843, 000Series E 2-percent bonds dated Aug. 15, 1934, due Aug. 15, 1938__ 49, 532, 000
Total ~~3l77983, 000
FEDERAL DEPOSIT INSURANCE CORPORATION
The following preliminary reports issued by the Federal DepositInsurance Corporation show a condensed balance sheet as of June 30,1934, a condensed statement of net operating expenses and losses ofthe Corporation from its organization to June 30, 1934, and a state-ment of statistical data with respect to deposits eligible for insuranceas certified to by members of the insurance funds.
Preliminary condensed balance sheet, June 30, 1934
ASSETS
Cash on deposit with United StatesTreasury $99, 247, 340. 84
United States Government Securities(market value $235,260,444.59) cost___ 227,782,343.36
Furniture and fixtures and miscellaneous unamortized charges. 116, 788. 33Total assets 328, 610, 164. 30
LIABILITIES
Capital and membership liabilities:United States Government subscrip-
tion to capital stock (paid) $150,000,000.00Federal Reserve Banks subscription to
capital stock (paid) 139, 299, 556. 99Temporary Federal deposit insurance
fund members (not withdrawingfrom the fund) :
Assessment (paid) 30, 170, 385. 77Less portion of net operating ex-
penses and losses to June 30,1934 700, 604. 72
29, 469, 781. 05318, 769, 338. 04
Current liabilities:Assessment refunds due members with-
drawing from the temporary Federaldeposit insurance fund:
Assessment (paid) 9, 494, 254. 81Less portion of net operating ex-
penses and losses to June 30,1934 220, 471. 81
9, 273, 783. 00Miscellaneous accounts payable and
reserve for undetermined expensesand losses 567, 043. 26
9 ' 8 4 0 ' 8 2 a 2G
Total liabilities " 328, 610, 164. 30Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 1 5 5
Preliminary condensed statement of net operating expenses and losses to June 80,1934
Operating expenses (including provision of $400,000 for esti-mated suspense items) $3, 207, 365. 15
Less income from investments 2, 388, 788. 62
Net operating expenses 818, 576. 53
Provision for insurance losses 102, 500. 00
Net operating expenses and losses 921, 076. 53
Allocation of net operating expenses and losses:Members not withdrawing from the fund 700, 604. 7 2
Members withdrawing from the fund 220, 471. 81
Total 921,076. 53
Preliminary statement of statistical data
Deposits eligible for insurance (as certified to by members of the fund):Members not withdrawing from the fund:
National banks _ _ _ __ __ _State banks—members of the Federal Reserve SystemState banks—not members of the Federal Reserve System:
Mutual savings banks __Others
TotalMembers withdrawing from the fund:
State banks—not members of the Federal Reserve System:Mutual savings banksOthers...
Total
Grand total. _ _ _.
i
Members of the fund as of June 30, 1934:National banks-_State banks—members of the Federal Reserve SystemState banks—not members of the Federal Reserve System:
Mutual savings banksOthers __ _._.__
Total
Amount
$6,138, 759,180.542, 592, 239, 202. 31
700, 287,912. 262, 636,866,816.40
12,068,153. 111. 51
3, 788,084,199.159,617, 778. 47
3, 797, 701, 977. 62
15,865,855,089.13
Total
5,421959
2357,555
14,170
Not with-drawing
5,421959
687,534
13,982
Ratio tototal
Percent76.06
23.94
100.00
With-drawing
NoneNone
16721
188
Cost of insurance to June 30, 1934, for each $1,000 deposits eligible for insurance $0.058054Ratio of cost of insurance to June 30, 1934, to assessments paid percent.- 2.3222
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156 REPORT OF THE COMPTROLLER OF THE CURRENCY
The following tabulations, which were compiled by the FederalDeposit Insurance Corporation, are based on deposit informationrequested by the corporation and used as the basis for adjustedinsurance assessments on banks as of October 1, 1934:
Insured accounts and insured deposits, by States, for insured commercial banks as ofOct. 1, 1934
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158 REPORT OF THE COMPTROLLER OF THE CURRENCY
NUMBER OF DEPOSITORS AND AMOUNT OF DEPOSITSNATIONAL BANKS, OCTOBER 25, 1933
IN
In addition to the regular statement of condition rendered bynational banks as of October 25, 1933, figures concerning which werepublished in the annual report for 1933, the associations were re-quested to render as of the same date a supplemental statementshowing the number of depositors and amount of deposits accordingto size and class of deposit balances, for information in connectionwith a study being made with respect to the original TemporaryFederal Deposit Insurance Fund which became effective January 1,1934, guaranteeing up to $2,500 the deposits of licensed banks whichwere doing business on an unrestricted basis at the beginning of theyear. However, due to the fact that tabulations of the supplementalstatement had not been completed in sufficient time to permit thereturns to be shown in the report for 1933, they are being included inthis report.
Although the temporary fund provided for insurance on depositsbased on the amount of deposits eligible for insurance and certifiedto the insurance corporation as of the close of business December 15,1933, the 5,057 licensed national banks on October 25, 1933, reporteda total of 25,419,269 depositors with deposits aggregating $17,055,-208,000, classified as follows:
Number of depositors and amount of deposits in national banks, Oct. 25, 1933 l
[Amounts in thousands of dollars]
Size and class of deposit balances
Deposits not exceeding $2,500:State, county, and municipal funds.United States Government depositsPostal savingsDeposits of other banksCertified and cashiers' checks and cash letters of credit outstandingOther deposits—active accountsOther deposits—dormant accounts
Total _
Deposits over $2,500 but not exceeding $10,000:State, county, and municipal fundsUnited States Government depositsPostal savingsDeposits of other banksCertified and cashiers' checks and cash letters of credit outstandingOther deposits—active accountsOther deposits—dormant accounts
Number ofdepositors
Total.
Deposits over $10,000 but not exceeding $50,000:State, county, and municipal fundsUnited States Government depositsPostal savings _Deposits of other banksCertified and cashiers' checks and cash letters of credit outstanding.Other deposits—active accountsOther deposits—dormant accounts
Total-
34,12811
17, 523655, 377
19,430, 8244, 523,375
24, 661,229
14, 5887,153
555, 7188,490
595, 029
6,969
17, 9942,007
105, 205685
132,860
Amount ofdeposits
$19, 205789246
13, 50449,167
4,025,60682, 658
4,191,175
48, 9483,1122,330
85, 49326,185
2, 502, 49730,451
2, 699, 016
157, 66213,03525, 430
418, 28634,083
1,929, 52810,995
2, 589,019
1 A table showing the information included in this summary, but classifying the banks according toreserve cities and States, is published in the appendix of this report.
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REPORT OF THE COMPTROLLER OF THE CURRENCY 159
Number of depositors and amount of deposits in national banks, Oct. 25, 1938—Con.[Amounts in thousands of dollars]
Size and class of deposit balances Number ofdepositors
Amount ofdeposits
Deposits over $50,000:State, county, and municipal funds _United States Government depositsPostal savingsDeposits of other banksCertified and cashiers' checks and cash letters of credit outstandingOther deposits—active accountsOther deposits—dormant accounts
2,984
7,673470
18,97351
$850,876499,386550,811
1, 507,31884,015
4,075,6787,914
Total.. 30,151
Recapitulation:State, county, and municipal fundsUnited States Government depositsPostal Savings _ _ _.Deposits of other banksCertified and cashiers' checks and cash letters of credit outstandingOther deposits—active accounts 1Other deposits—dormant accounts
53,16111
57,778665,007
20,110, 7204,532, 601
7,575,998
1,076, 691516,322578,817
2,024,601193,450
12, 533,309132,018
Total. 25,419, 269 17,055, 208
The number of depositors reported represented the actual numberof depositors rather than the number of deposit accounts. In otherwords, if a customer had more than one deposit account of which hewas the owner, whether checking, savings, time certificate, or otheraccounts, he was counted as one depositor and the aggregate amountof his accounts was included as one figure in the proper group. State,county, and municipal funds: Regardless of the number of accountsany one State, county, municipality, etc., may have had in the bank,it was treated as one depositor, and the aggregate of all balanceswhich stood to the credit of any one State, any one county, or anyone municipality, etc., was included in a shigle group. United StatesGovernment deposits: All United States Government deposits wereshown in one aggregate as the deposits of one depositor. Postal Sav-ings: As in the case of United States Government deposits, all PostalSavings funds on deposit under the terms of the Postal Savings Actwere reported as the balance of one depositor. Deposits of otherbanks: The total amount on deposit to the credit of any one bank,whether or not held in more than one account, was treated for thepurpose of the report as the balance of one depositor. Certified andcashiers' checks, and cash letters of credit outstanding: The figuresreported against this item represent the number of checks and lettersof credit outstanding, including travelers7 checks (not the number ofdepositors as in the case of other items), classified according to theamounts of the individual checks and letters of credit. Other depos-its—active accounts: Against this item was shown the number ofdepositors (other than States, counties, municipalities, etc., the UnitedStates Government, the Postal Savings System, and other banks)and the total amount of all demand and time balances standingto the credit of such depositors in each of the size groups, excludingsuch dormant balances as were required to be reported in anotheritem. Other deposits—dormant accounts: These accounts representeddeposits from which no withdrawals and to which no credits hadbeen made (other than interest credited to such accounts) in theperiod from January 1, 1929, to October 25, 1933 (approximately
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160 REPORT OF THE COMPTROLLER OF THE CURRENCY
4 years and 10 months), except that if a depositor who had a dormantaccount within this definition also had one or more active account^all of his accounts were combined and included with active depositsas one account. To what extent the returns included deposits ofcreditors whose whereabouts were unknown to the banks is not inevidence. However, the total number of accounts which showed nochange in the period indicated was 4,532,601 and the total credits$132,018,000, representing an average credit on these accounts inall national banks of $29.13. The total number of all depositors innational banks on the same date was 25,419,269 and the aggregateof all deposits $17,055,208,000. Hence, the number of dormantaccounts was 17.83 percent of the total, but the volume of theseaccounts was only three-fourths of 1 percent of the aggregate deposits.
This was the first time since February 21, 1921, that nationalbanks were requested to furnish information with respect to dormantdeposits, and as of that date the 8,143 active banks reported 1,143,920of such accounts having total credits of $28,912,000, which repre-sented 5.58 percent of the total of 20,500,000 deposit accounts andless than one-fifth of 1 percent of all deposits which aggregated$15,484,080,000. The average credit on dormant accounts in allnational banks on February 21, 1921, was $25.27.
NATIONAL AGRICULTURAL CREDIT CORPORATION
The Pacific National Agricultural Credit Corporation of Fresno,Calif., was authorized under the act of March 4, 1923, to transactbusiness within the States of California, Arizona, Utah, Nevada,Oregon, Idaho, Wyoming, Colorado, New Mexico, and Texas.
A statement of its assets and liabilities as of the close of business onOctober 17, 1934, appears below:
ASSETSCash on hand and in banks $40, 744. 91United States securities ($280,000 par value) 291, 294. 88Loans 2, 614, 438. 14Livestock owned 9, 382. 08Furniture and fixtures 4, 688. 62Accounts receivable 5, 289. 04Other assets 12, 438. 16Customers' funds held in trust 88, 424. 34
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REPORT OF THE COMPTROLLER OF THE CURRENCY 1 6 1
UNITED STATES POSTAL SAVINGS SYSTEM
The tables following, compiled by the Third Assistant PostmasterGeneral, under whose supervision the System operates, disclose com-parative statements of the resources and liabilities of the PostalSavings System for the years ended June 30, 1934 and 1933, togetherwith a summary of the postal-savings business for the fiscal yearended June 30, 1934, by States. (The total number of depositors onJune 30, 1934, was 2,562,082, an increase of 219,949 in the year, butthe average amount on deposit per depositor was $467.56, comparedwith $506.88 a year ago.)
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Comparative balance sheet for June 30, 1934, and June 30, 1933
Items
RESOURCESWorking cash:
Depository banksPostmasters
Special funds—Treasurer of the United States:Reserve fund,Miscellaneous (working) funds
Accounts receivable:Accrued interest on bond investmentsDue from late postmasters
Investments, United States securities: Par valuePostal Sayings 2^-peroent bonds $15,094,960Fourth Liberty 4M-percent bonds 12,440,600U.S . Treasury 3-percent bonds 1946-48 65,000,000U. S. Treasury 3-percent bonds 1951-55 51,341,000U. S. Treasury 3M-percent bonds 1946-49 14,665,000U. S. Treasury 3K-percent bonds 1941 23,800,000U. S. Treasury 3M-percent bonds 1944-46 35,236,150U. S. Treasury 3%-percent bonds 1940-43 4,941,000U. S. Treasury 3%-percent bonds 1941-43 7,391,000U. S. Treasury 3%-percent bonds 1943-47 4,898,000U. S. Treasury 3%-percent bonds 1946-56 19,589,000U. S. Treasury 4-percent bonds 1944-54 33,002,000U. S. Treasury 4M-percent bonds 1947-52 18,161,000U. S. Treasury 4M-3M-percent bonds 1943-45 37, 799,000U. S. Treasury 2-percent notes 1939 35,000,000U. S. Treasury 2^-percent notes A1938 3,383,000U. S. Treasury 2M-percent notes B1936 1,550,000U. S. Treasury 2K-percent notes B1938 167,000U. S. Treasury 2^-percent notes C1936 8, 750,000U. S. Treasury 3-percent notes B1937 4,850,000U. S. Treasury 3-percent notes C1937 5,000,000U. S. Treasury 3-percent notes C1938 167,000U. S. Treasury 3^-percent notes A 1936 2,250,000U. S. Treasury 3K-percent notes A1937 10, 550,000Federal Farm Mortgage Corporation 3-perce nt notes 1944-49 35,000,000
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LIABILITIES AND SURPLUS FUNDSDue depositors:
Outstanding principal, represented by certificates of depositAccrued interest on certificates of depositOutstanding savings stampsUnclaimed deposits
Accounts payable:Due Postal Service—interest and profitsDue discontinued depository banks
Total liabilitiesSurplus funds—Interest and profits (undistributed earnings) subject to
future allocation of maturing interest charges
1,197,907, 773. 0022,562, 687. 09
66, 573.9012, 415. 00
1, 220, 549, 448. 99
2, 526,900. 68166, 277. 29
2, 693,177. 97
1, 223, 242, 626. 96
1, 814, 970. 59
1, 225, 057, 597. 55
1,187,183,373. 0016,592,663.70
63,887. 602, 835. 00
1, 203, 842, 759. 30
1, 724,805.89112, 969. 34
1,837, 775. 23
1, 205, 680, 534. 53
1, 625, 056. 41
1, 207, 305, 590. 94
10,724,400.005,970,023.39
2,686.30 _..9,580.00 _
16,706,689.69
802,094.79 £j53,307.95 JP
855,402.74 g
17,562,092.43 ^O
189,914.18 fcrj
17,752,006.61 H
waog
PM
HI
aq
o
CO
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Comparative statement of interest-earning resources and interest-bearing liabilities for June 30, 1934, and June SO, 1933
Items
RESOURCES—INTEREST-EARNINGWorking cash:
Depository banks, per balance sheetInvestments, per balance sheet..
LIABILITIES—1NTEREST-BEARIN G
Due depositors—Outstanding principal, represented by certificates of de-posit, per balance sheet
Excess of interest-bearing liabilities .
June 30, 1934
$695, 281, 038. 03453, 340, 315. 08
$lt i4gt 621, 353.11
1,197, 907, 773. 00
49, 286,419. 89
June 30, 1933
$977,214, 074. 44131,054, 752. 55
$1,108, 268, 826.99
1,187,183, 373. 00
78,914,546.01
Increase
$322, 285,562. 5340, 352, 526.12
10, 724, 400. 00
Decrease
$281,933,036.41
29,628,126.12
Comparative statement of interest and profits for the fiscal years ended June 30, 1934, and June 30, 1933
Items
Credits:Interest on bank depositsInterest on bond investments, less amortization charges.Miscellaneous receiptsProfit realized on investments
Debits:Interest credited to depositorsAllowances to postmasters:
Losses by fire, burglary, etcErroneous payments, uncollectible items, etc..
Final closing, previous year
Excess of income.
Fiscal year 1934
$21,829,303.117,340, 396. 08
2, 392. 60632, 797. 42
21,564,713.95
847. 83
136," 702~ 78
$29,804,889. 21
21, 702, 264. 56
8,102, 624. 65
Fiscal year 1933
$20, 759, 210. 292, 778, 467. 04
70.17
16, 913, 016. 60
- 4 , 0 5 6 . 0 32, 209. 75
67, 824. 03
$23, 537, 747. 50
16, 978,994. 35
6, 558, 753.15
Increase
$1, 070, 092.824,561,929.04
2,322.43632,797. 42
6, 267,141. 71
4,651,697. 35
4,903. 8668,878.75
4, 723, 270. 21
1, 543, 871. 50
Decrease
$2, 209.75
oo
QK}
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Summary of Postal Savings business for the fiscal year ended June 30, 1934, by States
State
United States. $1,187,183, 373
ji, Alabamatc Alaska
ArizonaArkansasCaliforniaColoradoConnecticutDelaware ^District of ColumbiaFloridaGeorgiaHawaiiIdahoDlinoisIndiana. _Iowa__KansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouri --_MontanaNebraskaNevada . . -New HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaO h i o — I
1 These totals include the amount of $7,111,957 transferred between depository offices.2 This total includes $9,580 written off postmasters' accounts current as unclaimed.s A minus sign (—) denotes decrease. O i
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Summary of Postal Savings business for the fiscal year ended June 80, 1934, by States—Continued
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REPORT OF THE COMPTROLLER OF THE CURRENCY
SCHOOL SAVINGS BANKING
167
Statistics relative to school savings banks in the various States andthe District of Columbia for the school years ended 1933 and 1934,arith comparative yearly totals beginning with the school year ended1920, are shown in the following tables:
School savings, by States, 1932-33, and 1933-34
[Compiled by the savings bank division of the American Bankers' Association]
States
United States...
AlabamaArizonaArkansas2
CaliforniaColoradoConnecticutDelaware--District of Colum-
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REPORT OF THE COMPTROLLER OF THE CURRENCY 169
EXPENSES OF THE CURRENCY BUREAU
The statement following shows the expenses incident to mainte-nance of the Currency Bureau and net income derived by the Govern-ment from taxes on national-bank notes, in the fiscal year endedJune 30, 1934:
Expenses incident to maintenance of Currency Bureau and net income derived bythe Government from taxes on national-bank notes, fiscal year ended June 30',1934
Salaries:Regular roll, including retirement deductionsNational currency reimbursable roll, including retirement
deductionsFederal Reserve issue and redemption division, including
retirement deductionsInsolvent national bank division roll, including retire-
ment deductions _-_Total salaries.
General expenses:Printing and bindingStationeryAmount expended for light, heat, telephone, telegraph,
Federal Reserve notes and bank notes:PaperPrinting, etc . . -Plates
Total currency issuesExpenses on account of national bank examining service, paid
by banks _._,Postage on shipments of national-bank notesPostage on shipments of Federal Reserve notes and bank
notes
Expensespaid fromappropria-
tions
$198,424.13
27,133. 205,033.99
11,159. 33
Insurance on shipments of national-bank not-3sInsurance on shipments of Federal Reserve notes and bank
notes.Surcharge paid on consignments-
Total expenses paid from appropriations..Total expenses reimbursed by banksTotal expenses
45,838.00354, 745.12
i 642, 333. 77
Expensesreimbursedby banks
15,031.3414,956.18
30, 029. 6384, 731.03
26, 656.00
68,467.70418, 946. 7630, 727. 60
2, 319, 087. 56124, 216.14
42,424. 9413, 058. 79
17, 630.6462, 454.40
3,966, 705. 66
Total ex-penses
$44,226.45 L
57,408.95 |.
596,651.55 |.16,711.08
188,074.70
945, 381.18
2,319, 087. 56124, 216.14
42,424. 9413,058. 79
17, 630. 6462, 454. 40
Tax paid by national banks on circulating notes $4,518,904.84Total expenses of Currency Bureau paid from congressional appropriations 1 642,333.77
Net income to Government from taxes on circulation _ 3,876,571.071 Exclusive of $653,121.15 expenses incurred and paid from "Expenses, National Banking Emergency
Act Mar. 9, 1933."
Respectfully submitted.J. F. T. O'CONNOR,
Comptroller of the Currency,
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.
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APPENDIX
171
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REPORT OF THE COMPTROLLER OK THE CURRENCY 173
TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates ofappointment and resignation, and States whence appointed
No. Name Date ofappointment
COMPTROLLERS OF THE CURRENCY
McCulloch, HughClarke, FreemanHulburd, Hiland RKnox, John JayCannon, Henry WTrenholm, William LLacey, Edward SHepburn, A. BartonEckles, James IIDawes, Charles GRidgely, William BarretMurray, Lawrence O . _.Williams, John SkeltonCrissinger, D. RDawes, Henry MMclntosh, Joseph WPole, John WO'Connor, J. F. T
DEPUTY COMPTROLLERS OF THE CURRENCY
Howard, Samuel THulburd, Hiland RKnox, John JayLangworthy, John SSnyder, V. PAbrahams, J. DNixon, R. MTucker, Oliver PCoffin, George MMurray, Lawrence OKane, Thomas P___ _ . _ . __.Fowler, Willis JMclntosh, Joseph W__Collins, Charles W__Stearns, E. WAwait, F. GGough, E. HProctor, John LLyons, Gibbs
Do.Virginia.Indiana.Kentucky.South Carolina.New York.District of Columbia,Indiana.Illinois.
Do.Virginia.Maryland.Indiana.Washington.Georgia.
1 Term expired. 2 Died Mar. 2, 1923.
TABLE NO. 2.—Na?nes and compensation of officers and clerks in the office of theComptroller of the Currency, Oct. 31, 1934
Name Designation
Quinn, Edmund F Administrative officer-Gross, Clyde E Administrative assistant. _
Senior administrative assistant-.do-
Kane, William AAvery, AntoinetteMarble, George R do.Offutt, William F ... Junior administrative assistantJohnston, Edna E doThompson, George doReese, William H doVerrill, Harry M doBock, Carl Principal clerkTucker, Samuel M Junior administrative assistantEllis, H. B Principal clerkHerndon, John W doBuell, Willard E doHanlon, Margaret T Senior clerkLewis, John O : doBasinger, Walter S Principal clerkFurbershaw, Miriam doHorsey, Olga S ! doTylor, Gertrude I doO'Mara, Vera L Senior clerkWhelan, Marjorie B \ Senior clerk-stenographerReed, S. ELovelly, Laura F_ .Jones, Margaret E .
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174 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 2.—Names and compensation of officers and clerks in the office of theComptroller of the Currencyy Oct. 31, 1934—Continued
Name Designation Salary
O'Brien, May FBentley, Thomas BHeizer, Helen VGorham, W. AbbottHaygood, EthelFriedrichs, Minna KAndrews, Ettie FHaley, John RHilleary, RuaHarris, John EKing, Dorothy CBeall, Clara MHeizer, Nannie BJamieson, William GLowell, Harriet PNolan, Lida ASmith, Helen MMunnerlyn, Joseph ACulbertson, Bonnie LFox, Bessie EMortimer, Mary HTreuthart, HubertBales, Anna SBrumbaugh, Delia LBuckley, Regina CChisholm, ElizabethColburn, Nellie AHopkins, Edna IMagruder, Edith PNichols, Sada CSchiller, Ernestine HWalker, Johanna SBaldwin, Wallance NBurlingame, Delia J .__Hewson, EllaJorgenson, John ABarry, Gertrude ICrocker, Henry A. DHaymon, N. MabelMallet, Katherine H rMcKinney, Elva LQuackenbush, Dorothy STschiffely, Lacey B. RDodge, Victor HDailey, WilliamCaudell, Mary LMueller, PaulineSmith, Clara EWatts, Metta FSazama, Alice RGlenn, Frances MoncureBarksdale, George TBrannock, BurnetaCanavan, Josephine MCroson, Maud BDent, Mary JKellam, Margaret MMcFadden, Arthur MSchafEer, Dorothy LSmith, Mabel WWilson, Mildred CWolfe, Alice MFord, Ethel DGorham, Eloise HParsons, RuthEthridge, Elsie EJoyce, Atha-LaneShea, Catherine LHatter, Madaline BHurd, Agnes EKidd, Jeannette BMoore, May LaPorteO'Donnell, Josephine AParsons, Edith NFrock, Annie CHarleston, CatherineElmore, Annie LTaylor, Mathilda SChamberlain, Robert JKemether, Eva CWood, KathleenMarks, Grace J __
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REPORT OF THE COMPTROLLER OP THE CURRENCY 175
TABLE NO. 2.—Names and compensation of officers and clerks in the office of theComptroller of the Currency, Oct. 31, 1934—Continued
Name Designation
Shely, Myrtle B Junior clerk-typist.White, Grace M ! doBrown, Edith L | Junior clerkDillon, Minnie L j Counter clerk.Curtin, Anna E Money counter-Week, George W Junior mechanicWhiteman, Edgar MessengerGreer, Grace West ! Junior operator, office devices _Murtaugh, Ruth A Junior stenographerSnoddy, Ralph D Under clerkSheward, Adelaide H Junior clerkDuRant, Anna K Money counterDutrow, Mary H do_Mennel, Theresa do_Reese, Aline doRoberts, Victoria doSimms, Harry E Under clerkHaley, Mary C Money Counter-Settle, May C. W doBlount, Joseph T j MessengerCarroll, John I i do_Cover, Thomas AJones, George SMims, AlvinEHoland, ThomasTaylor, John HGervais, Gladys EMann, Harrry CHill, Edgar WThompson, FrankLipkovitz, Israel SSehafE, Boyd FGrossman, Albert F._Doucet, Eva HHornbach, Barbara J_.Robinson, Bessie N___Simber, Marie CBarrett, Lester JBerkley, Guy HJackson, Emmitt G___Jackson, HampMoore, Frederick S___Tillman, MelvinTaylor, Mary FWilliam, Beatrice
TABLE NO. 3.—Number of national banks organized since Feb. 25, 1863, numberpassed out of the system, and number in existence Oct. 31, 1934
Under act of Feb. 25, 1863 456Underact of June 3,1864, as amended 9,078Under Gold Currency Act of July 12, 1870 . . 10Under act of Mar. 14, 1900 4,752
Total number of national banks organized 14,296Number reported in voluntary liquidation 5,357Number passed into liquidation upon expirat on of corporate existence 208Number consolidated under act of Nov. 7, 1918 380Number placed in charge of receivers 1 2,762
Total number passed out of the system. 8,707
Number now in existence 5,589
1 Exclusive of those restored to solvency.
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176 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 4.—Authorized capital stock of national banks on the 1st day of eachmonth from Jan. 1, 1930', to Nov. 1, 1934, United States bonds on deposit tosecure circulation, circulation secured by bonds on deposit, the amount of lawfulmoney on deposit to redeem circulation, and national-bank notes outstanding
[For prior years see annual reports 1920 and 1931]
NOTE.—Notes redeemed but not assorted not included in circulation outstanding.NOTE.—New series of notes included since July 1929.
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REPORT OP THE COMPTROLLER OP THE CURRENCY 177TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1938, to Oct.
31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital
Name and location, ol" bank
The First National Bank of Springville, Pa. (11393), absorbed by The Firstand Farmers National Bank and Trust Company of Montrose, Pa
The Citizens National Bank of Gastonia, N. C. (7536), succeeded by TheCitizens National Bank in Gastonia
The First National Bank of Columbia, 111. (717), succeeded by The FirstNational Bank in Columbia ."
The Marion National Bank, Marion, Ind. (7758), succeeded by MarionNational Bank of Marion
The First National Bank in Reading, Mass. (13558), succeeded by FirstNational Bank of Reading
The Jewell County National Bank of Burr Oak, Kans. (7302), absorbed byThe Burr Oak State Bank
The Commercial National Bank of Uvalde, r 'ex. (6831), absorbed by FirstState Bank of Uvalde
The Farmington National Bank, Farmington, N. H. (2022), succeeded byFarmington National Bank
The First National Bank of Scottsdale, Pa. (1098), succeeded by First Na-tional Bank of Scottsdale
The Dennison National Bank, Dennison, 0 lio (6843), succeeded by TheFirst National Bank of Dennison
Fidelity National Bank and Trust Company of Kansas City, Mo. (11344),succeeded by Union National Bank in Kansas City
The Stockgrowers National Bank of Ashland, Kansas (5386), succeeded byThe Stockgrowers State Bank of Ashland
The Hico National Bank, Hico, Tex. (7157), absorbed by The First NationalBank of Hicq
The First National Bank of Ronceverte, W. 7a. (5280), succeeded by FirstNational Bank in Ronceverte
The Paintsyille National Bank, Paintsville, Ky. (6100), succeeded by TheFirst National Bank of Paintsville
The Rockville National Bank, Rockville, Conn. (509), absorbed by TheHartford-Connecticut Trust Company, Hariford, Conn
The Lewiston National Bank, Lewiston, Idaho (3023), succeeded by LewistonNational Bank
The Washington National Bank, Washington, towa (1762), succeeded by TheNational Bank of Washington
The First National Bank of Charlestown, Ind. (6952), succeeded by FirstBank of Charlestown
Central National Bank and Trust Company of Battle Creek, Mich. (7013),succeeded by The Central National Bank at Battle Creek
United States National Bank of McMinnville, Oreg. (3857), absorbed byThe United States National Bank of Portland, Oreg
The United States National Bank of Salem, Oreg. (9021), absorbed by TheUnited States National Bank of Portland, O -eg
The First National Bank of St. Helens, Oreg. (11200), absorbed by The UnitedStates National Bank of Portland, Oreg
The Washington National Bank of Olympia, Wash. (13662), absorbed byFirst National Bank of Seattle, Wash
The First National Bank of Hampton, Va. (6842), succeeded by The CitizensNational Bank of Hampton
The Florida National Bank, Florida, N. Y. (9956), succeeded by The NationalBank of Florida
The Farmers National Bank of Chinook, Mont. (10053), succeeded by TheFarmers National Bank in Chinook
Tvhe Tuxedo National Bank, Tuxedo, N. Y. (1.1404), succeeded by The Na-tional Bank of Tuxedo
The First National Bank of Meriden, Conn. (250), absorbed by The Hartford-Connecticut Trust Company, Hartford, Conn
The First National Bank of Middletown, Conn. (397), absorbed by TheHartford-Connecticut Trust Company, Hartford, Conn
The First National Bank of Stafford Springs, Conn. (3914), absorbed by TheHartford-Connecticut Trust Company, Hartford, Conn
The Citizens National Bank of Cedar Vale, Kims. (6530)The First National Bank of May, Tex. (8327)The Kinsman National Bank, Kinsman, Ohio (3077), succeeded by The First
National Bank of KinsmanThe Citizens National Bank of Daingerfield, Tex. (7096), absorbed by The
National Bank of DaingerfieldThe Farmers National Bank of Texhoma, Oklfc.. (12L25)The National Exchange Bank and Trust Company of New York, N. Y. (13442)The First National Bank of Marlinton, W. Va. (6538), succeeded by First
National Bank in MarlintonThe Sorento National Bank, Sorento, Illinois (10505)National Ulster County Bank and Trust Company of Kingston, N. Y. (1050),
succeeded by The National Ulster County Bank of KingstonThe First National Bank of Hubbell, Mich. (!>359), succeeded by The First
National Bank at Hubbell ... . _ ._ . . .
Date ofliquidation
Sept.
Nov.
Oct.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Dec.
Nov.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Nov.
Dec.
Dec.
Dec.
14,1933
7,1933
21,1933
6,1933
1,1933
14,1933
16,1933
18,1933
10,1933
29,1933
24,1933
27,1933
1,1933
28,1933
4,1933
12,1933
4,1933
15,1933
12,1933
4,1933
1,1933
15,1933
8,1933
15,1933
6,1933
13,1933
18,1933
28,1933
doJan. 4,1934
Dec. 15, 1933
Jan. 6,1934
Capital
$25, 000
500, 000
50,000
250,000
100,000
50,000
100, 000
50, 000
50, 000
100,000
4, 000, 000
50,000
60, 000
75,000
200, 000
100, 000
100, 000
100,000
25, 000
500, 000
125, 000
100,000
50, 000
100,000
50, 000
100,000
50, 000
100,000
200,000
200,000
50,00050,00025,000
50, 000
30,00025,000
1,000,000
50,00025,000
200,000
50,000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
178 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of El Segundo, Calif. (11850), absorbed by Security-First National Bank of Los Angeles, Calif
The Cecil National Bank of Port Deposit, Md. (1211), succeeded by TheCecil National Bank at Port Deposit
The Claremont National Bank, Claremont, N. H. (596), succeeded by Clare-mont National Bank
The First National Bank of Santa Anna, Tex. (8109), succeeded by The SantaAnna National Bank
The National Tradesmens Bank and Trust Company of New Haven, Conn.(1202), succeeded by The Tradesmens National Bank of New Haven
The Rochelle National Bank, Rochelle, Tex. (12796), absorbed by The Com-mercial National Bank of Brady, Texas
The Security National Bank of Cheney, Wash.(9144), absorbed by Spokaneand Eastern Trust Company, Spokane, Wash
The Peoples National Bank of Kansas City, Kans. (9309), succeeded bySecurity National Bank of Kansas City
The First National Bank of Mildred, Pa. (9552), absorbed by The FirstNational Bank of Dushore, Pa
The Atlantic National Bank of Charleston, S. C. (10708), absorbed by Citizensand Southern Bank of South Carolina, Charleston
City National Bank in Wellington, Tex. (12166), succeeded by City StateBank in Wellington
The First Greenwood National Bank, Greenwood, Wash. (P. O. Seattle, Wash.)(12851), absorbed by First National Bank of Seattle, Wash
The Coshocton National Bank, Coshocton, Ohio (5103), succeeded by Coshoc-ton National Bank
The First National Bank of Harrisville, Pa. (6859), succeeded by First Na-tional Bank in Harrisville
The Red Oak National Bank, Red Oak, Iowa, (3055) succeeded by The Mont-gomery County National Bank of Red Oak
The Peoples National Bank of Montclair, N. J. (12675), absorbed by TheMontclair Trust Company, Montclair
The First National Bank of Boone, Iowa (3273), succeeded by The CitizensNational Bank of Boone
The Rural Valley National Bank, Rural Valley, Pa. (6083), succeeded by ThePeoples National Bank of Rural Valley
The First National Bank of Green, Kans. (11222), absorbed by The PeoplesNational Bank of Clay Center, Kans
The Citizens National Bank of Hampton, Iowa (7843), succeeded by FirstNational Bank of Hampton
The Farmers National Bank of Holdenville, Okla. (10659), absorbed by TheFirst National Bank of Holdenville
The First National Bank of Belmar, N. J. (5363), succeeded by The BelmarNational Bank
The Washington National Bank of Commerce of Seattle, Wash. (13471), ab-sorbed by The National Bank of Commerce of Seattle
The Rockwell City National Bank, Rockwell City, Iowa (11582), succeededby The National Bank of Rockwell City
The Fletcher American National Bank of Indianapolis, Ind.1 (9829), succeededby American National Bank at Indianapolis
The City National Bank of Dixon, 111. (3294), succeeded by City NationalBank in Dixon
The Capital National Bank of Olympia, Wash. (4297), absorbed by TheNational Bank of Commerce of Seattle, Wash
The First National Bank of Edgerton, Wis. (7040), succeeded by The Na-tional Bank of Edgerton
The Hartford National Bank, Hartford, Ala. (13128), absorbed by The FirstNational Bank of Dothan, Ala
The Central National Bank of Commerce of Seattle, WTash. (13470), absorbedby The National Bank of Commerce of Seattle
The First National Bank of West Union, W. Va. (6424), succeeded by FirstNational Bank in West Union
The First National Bank of Bellaire, Ohio (1944), succeeded by First NationalBank in Bellaire
The National Spraker Bank of Canaioharie, N. Y. (1257), succeeded byNational Spraker Bank in Canajoharie
The Farmers and Mechanics National Bank of Mercer, Pa. (2256), succeededby The Farmers National Bank of Mercer
The First National Bank of Albuquerque, N. Mex. (2614), succeeded by FirstNational Bank in Albuquerque
The First National Bank of Albion, Pa. (9534), succeeded by First NationalBank at Albion
The Greys Harbor National Bank of Aberdeen, Wash. (12704), absorbed byThe National Bank of Commerce of Seattle, Wash
The First National Bank of Parkton, Md. (9444), succeeded by The FirstNational Bank in Parkton
The National Bank & Trust Company of North Kansas City, Mo. (10367),succeeded by The National Bank in North Kansas City
Date ofliquidation
Jan. 8,1934
— d o
Jan. 9,1934
Jan. 15,1934
Dec. 30,1933
Jan. 9,1934
— _do
Jan. 13,1934
Jan. 9,1934
Dec. 22,1933
Jan. 12,1934
Jan. 9,1934
Jan. 16,1934
do
Jan. 5, 1934
Jan. 15,1934
Jan. 24,1934
Jan. 20,1934
Oct. 8,1933
Dec. 1,1933
Jan. 9,1934
Jan. 29,1934
Jan. 24,1934
Jan. 19,1934
Jan. 30,1934
Jan. 20,1934
Jan. 31,1934
Jan. 9,1934
Feb. 5,1934
Jan. 2,1934
Feb. 8,1934
do
Feb. 7,1934
Feb. 6,1934
Jan. 29,1934
Feb. 12,1934
Jan. 30,1934
Capital
$25,000
50,000
100,000
50,000
500,000
25, 000
50,000
200,000
25,000
200,000
100,000
25,000
200,000
40,000
100,000
200,000
200,000
60,000
25,000
100,000
25,000
50,000
100,000
50,000
3,600,000
100,000
100,000
50,000
50,000
200,000
50,000
300,000
100,000
80,000
400,000
50,000
200,000
25,000
50,000
i With one branch in Indianapolis.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 179
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of Haddon Heights, N". J. (13530), absorbed by FirstCamden National Bank and Trust Company, Camden, N. J
The New Florence National Bank, New Florence, Pa. (10353), succeeded byNew Florence National Bank
The Cumberland County National Bank of Neoga, 111. (5426), succeeded byCumberland County National Bank in Neoga
The Burrows National Bank of Andover, N. Y. (8146), succeeded by TheAndover National Bank
The Skagit National Bank of Mount Verno.i, Wash. (12154), absorbed byFirst National Bank of Seattle, Wash
The Greeley Union National Bank, Greeley, Colo. (4437), succeeded by TheGreeley National Bank
The Farmers National Bank of Somerset, Pa. (5452), succeeded by ThePeoples National Bank of Somerset
The Grand Valley National Bank of Grand Junction, Colo. (6137), succeededby First National Bank in Grand Junction
The First National Bank of Ha warden, Iowa (4594), succeeded by FirstNational Bank in Hawarden
Farmers and Merchants National Bank & Trust Company of Benton Harbor,Mich. (105 29), succeeded by Farmers and Merchants National Bank inBenton Harbor
The First Narional Bank in Temple, Tex. (132(16), succeeded by First NationalBank of Temple
The Jackson National Bank, Jackson, Ga. (9186), succeeded by Jackson Na-tional Bank
The First National Bank of Nevada, Tex. (5721), absorbed by The FirstNational Bank in Farmersville, Tex
The First National Bank of Renton, Wash. (12399), absorbed by PeoplesBank & Trust Company of Seattle, Wash
The Coos County National Bank of Groveton, N. H. (5317), succeeded byGroveton National Bank
The Lockhart National Bank, Lockhart, Tex. (5491), succeeded by First-Lockhart National Bank
The First National Bank of Silverton, Colo. (2930)The First National Bank of Lockhart, Tex. (4030), succeeded by First-Lock-
hart National BankThe Farmers and Merchants National Bank of Bellaire, Ohio (7327), succeeded
by Farmers and Merchants National Bank in BellaireFarmers National Bank in Houlton, Maine (13827), absorbed by The First
National Bank of HoultonThe Oilfields National Bank of Brea, Calif. (13001), succeeded by Oilfields
National Bank in BreaThe First National Bank ofPepperell (P. O. East Pepperell), Mass. (5964),
succeeded by First National Bank in Peppf-rell (P. O. East Pepperell)The First National Bank of Pinckneyville, 111. (6025), succeeded by First
National Bank in PinckneyvilleThe First National Bank of Ontonagon, Mich. (6820), succeeded by The First
National Bank of OntonagonThe Spur National Bank, Spur, Tex. (9611), succeeded by Spur Security Bank.The First National Bank of Ree Heights, S. Dak. (13061), absorbed by The
First National Bank of Miller, S. DakThe First National Bank of Lake Crystal, Minn. (6918), succeeded by The
Lake Crystal National BankFirst National Bank in Carrollton, Ohio (11714), succeeded by The First
National Bank at CarrolltonFirst National Bank in Conneautville, Pa. (12189), succeeded by The Farmers
National Bank of ConneautvilleThe First National Bank of Herndon, Pa. (604U), succeeded by The Herndon
National BankThe Dickson City National Bank, Dickson City, Pa. (9851), succeeded by
The First National Bank of Dickson CityThe First National Bank of Spring Lake, N. J. (5730), succeeded by First
National Bank of Spring LakeThe First National Bank and Trust Company of New Egypt, N. J. (8254),
succeeded by First National Bank in New EgyptThe Pearsall National Bank in Pearsall, Tex. (13572), succeeded by Security
State Bank, PearsallThe First National Bank of Conneaut Lake, Pa. (6891), succeeded by First
National Bank at Conneaut LakeThe First National Bank of Jordan, Mont. (11493), absorbed by First National
Bank in Miles City, MontThe First National Bank of Hegins, Pa. (9107); succeeded by First National
Bank of HeginsThe Nebraska National Bank of Hastings, Nebr. (3732), succeeded by City
National Bank of HastingsThe Pine Bush National Bank, Pine Bush, N. Y. (9940), succeeded by The
National Bank of Pine Bush
Date ofliquidation
Feb.
Feb.
Feb.
Dec.
Feb.
Feb.
Feb.
Feb.
Feb.
14,1934
15,1934
10,1934
30.1933
13.1934
14,1934
20,1934
13,1934
12,1934
Jan. 9,1934
Feb. 15,1934
Feb. 20,1934
Feb. 5,1934
Nov. 28,1933
Feb. 20,1934Mar. 1,1934
Feb 20,1934
Feb. 13,1934
Feb. 20,1934
Mar. 2,1934
Mar. 1,1934
Mar. 8,1934
doFeb. 26,1934
Mar. 7,1934
Mar. 9,1934
Feb. 21, 1934
Mar. 7,1934
Mar. 9,1934
Feb. 19,1934
Feb. 24,1934
Mar. 15,1934
Mar. 10,1934
Mar. 13,1934
Feb. 26,1934
Mar. 19,1934
Mar. 9,1934
Mar. 20,1934
Capital
$100,000
25,000
50, 000
25,000
100,000
200, 000
50, 000
100, 000
50,000
275, 000
100, 000
75,000
25,000
50, 000
50, 000
200,00050, 000
200,000
100, 000
2 100,000
75, 000
50,000
50,000
50,000100,000
25, 000
60,000
100,000
50,000
25, 000
50,000
25,000
100, 000
25, 000
50,000
25, 000
50,000
100, 000
50,0002 Includes $50,000 preferred capital stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
180 EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank
The First National Bank of St. Clairsville, Ohio, (315), succeeded by FirstNational Bank in St. Clairsville
The First National Bank of New Freedom, Pa. (6715), succeeded by FirstNational Bank in New Freedom
The First National Bank of Philmont, N. Y. (7233), succeeded by PhilmontNational Bank
The First National Bank of Granville at Oxford, N. C. (5885), succeeded byThe Oxford National Bank
The Fredonia National Bank, Fredonia, Pa. (7471), succeeded by FredoniaNational Bank
The First National Bank of Clay City, Ind. (9540), absorbed by Farmers andMerchants Bank of Clay City
The First National Bank of Clatskanie, Oreg. (11758), succeeded by FirstNational Bank in Clatskanie
The Third National Bank of Chestertown, Md. (9744), succeeded by TheFirst National Bank of Chestertown
The Altadena National Bank, Altadena, Calif. (12910)The First National Bank of Sharon, Pa. (1685), succeeded by First National
Bank in SharonThe Packers National Bank of South Omaha (P. O. Omaha), Nebr. (4589),
succeeded by Packers National Bank in OmahaThe Villisca National Bank, Villisca, Iowa (7506), succeeded by The Noda-
way Valley National Bank of VilliscaThe First National Bank of Big Springs, Big Spring, Tex. (4306), succeeded
by The First National Bank in Big SpringThe West Texas National Bank of Big Spring, Tex. (6668), succeeded by The
First National Bank in Big SpringThe First National Bank of Milton, Fla. (7034), succeeded by First National
Bank in Milton .The Berwyn National Bank, Berwyn, Pa. (3945), succeeded by Berwyn
National BankThe Blairsville National Bank, Blairsville, Pa. (4919), succeeded by Blairs-
ville National BankSouthside National Bank of Elmira, N. Y. (13377), absorbed by First National
Bank & Trust Company of ElmiraThe First National Bank of Breckenridge, Tex. (7422), succeeded by First
National Bank in Breckenridge.The Hollywood National Bank of Los Angeles, Calif. (12804), absorbed by
The Seaboard National Bank of Los AngelesThe First National Bank of Boulder, Colo. (2352), succeeded by First National
Bank in BoulderThe Army National Bank of Fort Lewis, Wash. (11805), absorbed by The
National Bank of Tacoma, WashFirst National Bank in Independence, Kans. (4592), succeeded by The Citi-
zens National Bank in IndependenceThe First National Bank of Onancock, Va. (4940), succeeded by The First
National Bank in OnancockThe Oystermen's National Bank of Sayville, N. Y. (5186), absorbed by The
Oystermen's Bank and Trust Company of SayvilleThe Fayette County National Bank of West Union, Iowa (2015), succeeded
by The First National Bank of West UnionThe First National Bank of Altamont, 111. (8733), succeeded by The First
National Bank in AltamontThe Oak Hill National Bank, Oak Hill, W. Va. (12075), succeeded by The
First National Bank of Oak Hill....The First National Bank of Owenton, Ky. (2868), succeeded by The First
National Bank in OwentonThe First National Bank in Windham, N. Y. (12164), succeeded by The
National Bank of WindhamFirst National Bank in Wellington, Ohio (12321), absorbed by The First
Wellington BankThe First National Bank of Blackfoot, Idaho (7419), absorbed by Idaho Bank
and Trust Company, Pocatello, IdahoThe First National Bank of Garfield, N. J. (8462), succeeded by First National
Bank in GarfieldThe Peoples National Bank of Elkins, W. Va. (8376), succeeded by The
Tygarts Valley National Bank of ElkinsNational Bank of Ellsworth, Pa. (6929)The First National Bank of Utica, Mich. (12826), succeeded by The Utica
National BankFirst National Bank & Trust Company of Tarentum, Pa. (4453), succeeded
by First National Bank in TarentumThe First National Bank of St. Charles, Minn. (6237), succeeded by First
National Bank in St. CharlesThe First National Bank of Bremerton, Wash. (9280), absorbed by The
National Bank of Commerce of Seattle, WashKings Park National Bank, Kings Park, N. Y. (12489), succeeded by The
National Bank of Kings Park
Date ofliquidation
Mar.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.Mar.
Mar.
Mar.
Mar.
Mar.
10,1934
13,1934
24,1934
16,1934
20,1934
22,1934
26,1934
27,193422,1934
28,1934
29,1934
20,1934
19,1934
_do_.
Mar.
Apr.
Mar.
Apr.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Apr.
Mar.
Apr.
Mar.
Apr.
Mar.
Oct.
Jan.
Apr.
Apr.Apr.
27,1934
2,1934
24,1934
3,1934
29,1934
26,1934
10,1934
3,1934
9,3934
10,1934
14,1934
14,1934
12,1934
19,1934
13,1934
23,1934
28.1933
2,1934
17, 1934
16.193417,1934
.do-
Apr. 18,1934
Apr. 17,1934
Apr. 2,1934
Apr. 19,1934
Capital
$150,000
50,000
50,000
200,000
25, 000
25, 000
50,000
50, 00050,000
300,000
200,000
60, 000
50,000
50, 000
50,000
125, 000
100,000
100,000
200,000
200,000
100,000
25,000
300,000
100,000
100,000
50,000
50,000
50,000
63,000
25, 000
60,000
50,000
200, 000
50,00025, 000
50, 000
200,000
25,000
100, 000
50,000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 181
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1983} to Oct.81, 1984, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank Date ofliquidation Capital
The South Side National Bank and Trust Company of Newark, N. J.3
(12631), absorbed by The West Side Trust Co., NewarkFirst National Bank in Lodi, N. J. (13164), absorbed by Peoples Trust Com-
pany of Bergen County, Hackensack, N. J_. -.The Elkins National Bank, Elkins, W. Va. (4718), succeeded by The Tygarts
Valley National Bank of ElkinsThe First National Bank of Sebastopol, Calif. (9648), absorbed by Sebastopol
Savings Bank, Sebastopol— ...The First National Bank of Hardwick, Calif. (10364), absorbed by The First
National Bank of Riverdale, Calif -The La Rose National Bank, La Rose, 111. (10514), absorbed by The Citizens
National Bank of Toluca, 111 -Fannettsburg National Bank, Fannettsburg, Pa. (10899), absorbed by The
National Bank of Chambersburg, Pa _.The Tanners National Bank of Woburn, Mass. (11067), succeeded by Tan-
ners National Bank in Woburn _ .The Grundy County National Bank of Gruady Center, Iowa (3396), suc-
ceeded by The Grundy National Bank of Grundy CenterThe First National Bank of De Kalb, 111. (270il), succeeded by First National
Bank inDeKalbThe First National Bank of Winthrop, Minn. (7014), succeeded by First
National Bank in Winthrop -The First National Bank of George West, Tex. (12919), succeeded by First
National Bank in George West - -The First National Bank of Newton, 111. (586S), succeeded by First National
Bank in Newton --- -The First National Bank of Fairfield, Iowa (1475), succeeded by First National
Bank in Fairfleld ---The Citizens National Bank of Belle Plaine, Iowa (4754), succeeded by The
Citizens National Bank at Belle PlaineThe Greenville National Bank, Greenville, Ohio (7130), succeeded by Green-
ville National Bank ---The Metuchen National Bank, Metuchen, N. J. (7754), succeeded by Me-
tuchen National Bank - -- —The First National Bank of Elberton, Ga. (9252), succeeded by First National
Bank in Elberton -The First National Bank of North Bend, Greg. (9328) succeeded by The
North Bend National Bank --The Teaneck National Bank, Teaneck, N. J. (12981), absorbed by Peoples
Trust Company of Bergen County, Hackensack, N. JThe First National Bank of Soldiers Grove, Wis. (13308)The First National Bank of Stanford, Ky. (2783), succeeded by First National
Bank in Stanford -The Central National Bank of Chillicothe, Ohio (2993)The First National Bank of Lenox, Iowa (5517), succeeded by First National
Bank in Lenox -The First National Bank of Marshall, Mich. (1515), succeeded by First
National Bank in MarshallThe Wallace National Bank of Exeter, Nebr. (13189), succeeded by First
National Bank in ExeterThe American National Bank of Walters, Okk.. (12118), succeeded by Walters
National Bank.. -The First National Bank of Aurora, Nebr. (2897), succeeded by The First
National Bank in AuroraPeoples National Bank of Prunswick, Md. (8244), succeeded by The Peoples
National Bank in BrunswickThe Dover National Bank, Dover, Pa. (9362), succeeded by Dover National
Bank
Apr. 17,1934
.do
Apr. 16,1934
Dec. 27,1933
Feb. 13,1934
Mar. 28,1934
Apr. 16,1934
Apr. 17,1934
Apr. 20,1934
Apr. 24,1934
Apr. 25,1934
Apr. 16,1934
Apr. 25,1934
Apr. 26,1934
Apr. 23,1934
Apr. 9,1934
Apr. 25,1934
do
Apr. 24,1934
Apr. 17,1934Mar. 26,1934
May 1,1934do
The Springs-First National Bank of Cambridge Springs, Pa. (9430), succeededby Springs-First National Bank in Cambridge Springs. _-
The First National Bank of Falfurrias, Tex. (11792), succeeded by The FirstFirst National Bank in Falfurrias
The Southern National Bank of Wynnewood, Okla. (5731), absorbed by TheFirst National Bank of Wynnewood -
The Union National Bank of McKeesport, Pa. (7559), succeeded by TheUnion National Bank at McKeesport--- -
The First National Bank of Viroqua, Wis. (8529), succeeded by First NationalBank in Viroqua
The First National Bank and Trust Company of Greensburg, Pa. (2558),succeeded by First National Bank in Greensburg
The First National Bank of Tucumcari, N. Mex. (6288), succeeded by TheFirst-American National BaDk in Tucumcari _ _ _
Bridgeport National Bank, Bridgeport, Ohio (6624), succeeded by TheBridgeport National Bank
The First National Bank of Clear Lake, Iowa (7869), succeeded by The FirstNational Bank in Clear Lake -
The Conewango Valley National Bank, Conewango Valley, N. Y. (10930),succeeded by Cherry Creek National Bank, Cherry Creek, N. Y
The First National Bank of Groveton, Tex. (6329), succeeeed by First Na-tional Bank in Groveton - --
Apr. 30,1934
May 1,1934
Apr. 27,1934
Apr. 26,1934
Apr. 28,1934
May 5,1934
May 2,1934
Apr. 27,1934
Apr. 28,1934
Jan. 8,1934
May 9,1934
May 8,1934
May 9,1934
May 8,1934
May 11,1934
May 10,1934
May 12,1934
May 14,1934
$300,000
100,000
100,000
100,000
25,000
25,000
25,000
100,000
50,000
100,000
25,000
50,000
50,000
100,000
50,000
250,000
100,000
120,000
100,000
50,00025,000
50,000100, 000
50,000
100, 000
50,000
30,000
50,000
50,000
25,000
100,000
50,000
50,000
150,000
50,000
480,000
100,000
200,000
60,000
25,000
100,000
*, With 2 branches in Newark.3—3j5; 13,Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
182 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1988, to Oct.81, 1984, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank Date ofliquidation Capital
The Liberty National Bank of Guttenberg, N. J. (12806), succeeded by LibertyNational Bank in Guttenberg !
The Lyons National Bank, Lyons, Kans. (5353), absorbed by The ChandlerNational Bank of Lyons.
The First National Bank of Stoystown, Pa. (5682), succeeded by The FirstNational Bank at Stoystown
The First National Bank of Barbourville, Ky. (6262), succeeded by The UnionNational Bank of Barbourville
The National Bank of John A. Black of Barbourville, Ky. (7284), succeededby The Union National Bank of Barbourville
First National Bank in East St. Louis, 111. (11596), succeeded by First Na-tional Bank at East St. Louis
The First National Bank of Steele, Mo. (12452),absorbed by The NationalBank of Caruthersville, Mo
The Nevada National Bank, Nevada, Iowa (13083), succeeded by NevadaNational Bank
Lagonda-Citizens National Bank of Springfiled, Ohio (2098), succeeded byLagonda National Bank of Springfield
The Palisades Park National Bank & Trust Company, Palisades Park, N. J.(11909), succeeded by The National Bank of Palisades Park
The First National Bank of Export, Pa. (7624), succeeded by First NationalBank of Export _ _ _.
The Citizens National Bank of Hammond, La. (11977), succeeded by TheCitizens National Bank in Hammond
The Cherry Creek National Bank, Cherry Creek, N. Y. (10481), succeeded byCherry Creek National Bank _
The National Bank of Union City, Pa. (5131), succeeded by National Bank ofUnion City
The First National Bank of Gouverneur, N. Y. (2510), succeeded by FirstNational Bank in Gouverneur
The First National Bank of Calvin, Okla. (6980), absorbed by The First Na-tional Bank of Holdenville, Okla
The First National Bank of Cecil, Pa. (7076), succeeded by First NationalBank in Cecil _ . _ .
The Vallejo Commercial National Bank, Vallejo, Calif. (11206), absorbed byBank of America National Trust and Savings Association, San Francisco,Calif.
Apr. 24,1934
May 16,1934
May 18,1934
May 10,1934
do
The Placerville National Bank, Placerville, Calif. (12056), absorbed by Bankof America, San Francisco, Calif
First National Bank in Grass Valley, Calif. (12433), absorbed by Bank ofAmerica, San Francisco, Calif
The First National Bank of Paris, Ky. (6323), succeeded by The NationalBank and Trust Company of Paris
The First National Bank of Hamlin, Tex. (8252), absorbed by The Farmers &Merchants National Bank of Hamlin
The Walters National Bank, Walters, Okla. (7811), succeeded by WaltersNational Bank
The First National Bank of Gladstone, Mich. (10886), succeeded by FirstNational Bank in Gladstone
The Adams National Bank of Devine, Tex. (7212), absorbed by Lytle StateBank, Lytle, Tex .
The United States National Bank of Superior, Wis. (9140), succeeded by TheUnion National Bank of Superior
Shenandoah National Bank, Shenandoah, Iowa (12950), succeeded by TheCity National Bank of Shenandoah
The First National Bank in Durand, Wis. (13529), succeeded by The SecurityNational Bank of Durand
The First National Bank of Canyon, Tex. (5238), succeeded by The FirstNational Bank in Canyon
The First National Bank of Goodland, Kans. (6039), succeeded by First Na-tional Bank in Goodland __
The First National Bank of Crewe, Va. (9455), succeeded by The NationalBank of Crewe _
The First National Bank of Kanorado, Kans. (11860), succeeded by First Na-tional Bank in Goodland, Kans
The Trinidad National Bank, Trinidad, Colo. (3450), succeeded by TrinidadNational Bank.
May 8,1934
do
May 1,1934
May 15,1934
May 17,1934
Apr. 30,1934
May 18,1934
May 15,1934
May 18,1934
May 25,1934
May 26,1934
May 19,1934
May 18,1934
May 22,1934
do
The American National Bank of Tucumcari, N. Mex. (10594), succeeded byThe First-American National Bank in Tucumcari
May 9,1934
May 19,1934
Apr. 16,1934
May 28,1934
May 29,1934
May 22,1934
June 1,1934
May 24,1934
May 31,1934
June 4,1934
May 31,1934
June 4,1934
do
The First National Bank of Tonasket, Wash. (10407), succeeded by First Na-tional Bank in Tonasket
The Traders National Bank of Buckhannon, W. Va. (4760), succeeded by TheCentral National Bank of Buckhannon
The First National Bank in Amboy, Minn. (13342), succeeded by The SecurityNational Bank of Amboy _
The First National Bank of Odebolt, Iowa (4511)The First National Bank of Vermilion, 111. (10365) __The Citizens National Bank of Windber, Pa. (6848), succeeded by Citizens
National Bank in Windber..
May
May
June
MayJuneMay
25,1934
26,1934
11,1934
15,193418,193418,1934
June 2,1934
$100,000
50,000
50,000
50,000
30,000
400,000
25,000
40,000
500,000
100,000
25,000
100,000
25,000
100,000
200,000
25,000
25,000
100,000
50,000
50,000
100,000
40,000
50,000
50,000
50,000
200,000
100,000
50,000
50,000
25,000
50,000
25,000
100,000
50,000
25,000
50,000
25,000140,00025,000
100,000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OF THE COMPTEOLLEE OP THE CTJBBENCY 183
TABLE NO. 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Name and location of bank Date ofliquidation Capital
The Citizens National Bank of Llano, Tex. (12463)The First National Bank of What Cheer, Iowa (3192), succeeded by The First
National Bank in What CheerThe Berlin National Bank, Berlin, N. H. (4523), succeeded by Berlin National
Bank, which changed its title to Berlin City National BankThe First National Bank of Moundsville, W. Va. (5717), succeeded by First
National Bank at Moundsville __The First National Bank of Lime Springs, Iowa, (6750), absorbed by Exchange
State Bank, Lime SpringsThe First National Bank of Shelton, Wash. (13723), absorbed by First Na-
tional Bank of Seattle, WashThe United States National Bank of Johnstown, Pa. (5913), succeeded by
United States National Bank in JohnstownThe Citizens National Bank of Groesbeeck, Groesbeck, Tex. (6461), succeeded
by Citizens National Bank in GroesbeckThe First National Bank of Gentry, Ark. (12340), absorbed by Bratt State
Bank, Siloam Springs, ArkThe First National Bank of Edinburg, Tex. (13315), succeeded by First Na-
tional Bank in EdinburgFirst National Bank and Trust Company of Ridgewood, N. J. (5205), absorbed
by Citizens First National Bank and Trust; Company of Ridge woodDallas National Bank, Dallas, Oreg. (7422), absorbed by Dallas City Bank,
DallasThe Clementon National Bank, Clementon, N. J. (11147), succeeded by
National Bank of ClementonThe Auburn National Bank, Auburn, Wash. (12085), succeeded by Auburn
National BankThe First National Bank of Marion, Wis. (12i!86), succeeded by First National
Bank in MarionThe National Bank of Grey Eagle, Minn. (12307), succeeded by State Bank of
Grey EagleThe Haskell National Bank, Haskell, Tex. (4474), succeeded by Haskell
National BankThe Union National Bank of Mount Wolf, Pa. (9361), succeeded by Union
National Bank in Mount WolfThe National Trust Bank of Charleston, 111. (11358), succeeded by The
Charleston National BankThe American National Bank of Woodstock, 111. (6811), succeeded by First
National Bank of WoodstockThe Carbonate American National Bank of Leadville, Colo. (3746)The First National Bank of Metcalf, 111. (79,'i4)____The First National Bank of Bellevue, Tex, (8672), absorbed by The First
National Bank of Henrietta, TexThe Gouger National Bank of Robstown, Tex. (12753), succeeded by The
Robstown National BankThe First National Bank of Williamsburg, Pa. (6971), succeeded by First
National Bank of WilliamsburgThe First National Bank in Gallitzin, Pa. 113533), succeeded by First Na-
tional Bank at GallitzinThe Central National Bank of Cambridge, Ohio (2872), succeeded by The
Central National Bank at CambridgeThe First National Bank of Traer, Iowa (5135), succeeded by The First Na-
tional Bank in TraerThe First National Bank of Ville Platte, La. (10588), absorbed by The Evange-
line Bank & Trust Company of Ville PlatleThe First National Bank of St. Marys, Ohio (4219) succeeded by First Na-
tional Bank in St. MarysThe First National Bank of Lamar, Mo. (4057), succeeded by First National
Bank in LamarThe Buchel National Bank of Cuero, Tex. (X562), succeeded by Buchell Na-
tional Bank in CueroThe First National Bank of Lucas, Kans. (7561)The First National Bank of Trenton, 111. (10125)The Farmers National Bank and Trust Company of Winston-Salem, N. C.4
(12278), succeeded by The First National Bank of Winston-SalemThe American National Bank of McLean, T3x. (10957), succeeded by Ameri-
can National Bank in McLeanThe Merchants National Bank of Nebraska City, Nebr. (2536)The First National Bank of Donnybrook, N. Dak. (12258)The National Bank of Olney, in Philadelphia, Pa. (12931), succeeded by Na-
tional Bank of Olney at PhiladelphiaThe First National Bank of Revere, Mass. (13152), succeeded by First Na-
tional Bank in RevereThe First National Bank of McKees Rocks, Pa. (5142), succeeded by The
First National Bank at McKees RocksThe First National Bank of Conway, Wash. (11984), absorbed by the First
National Bank of Mount Vernon, WashThe First National Bank of Fort Collins, Colo. (2622), succeeded by The First
National Bank in Fort Collins.-
« With 2 branches in Winston-Salem.
June 12,1934
June 20,1934
June 12,1934
June 21,1934
June 20,1934
June 16,1934
June 25,1934
June 18,1934
June 15,1934
June 20,1934
June 23,1934
June 30,1934
June 15,1934
June 30,1934
June 27,1934
July 2,1934
June 29,1934
June 30,1934
do
July 2,1934July 11,1934
July 15,1934
June 30,1934
July 3,1934
July 18,1934
July 16,1934
July 14,1934
July 17,1934
July 14,1934
July 23,1934
July 24,1934
d<doMay 3,1934June 28,1934
July 10,1934June 30,1934Aug. 1,1934
July 16,1934
Aug. 1,1934
Aug. 2,1934
July 27,1934
July 14,1934
$75,000
50,000
100,000
50,000
25,000
50,000
800,000
50,000
25,000
50,000
400, 000
30,000
25,000
50,000
50,000
25,000
60,000
50,000
200,000
100,000100,00025,000
30,000
50,000
50,000
50,000
150,000
100,000
25,000
60,000
50,000
100,00025,00025,000
500,000
25,00050,00025,000
300,000
100,000
200,000
25,000
200,000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
184 BEPOM OF THE COMPTROLLER O# THE
TABLE N O . 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 1934, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Names and location of bank Date ofliquidation Capital
The National Bank of Girard, Pa. (7343), succeeded by The Girard NationalBank _
The First National Bank of Torrance, Calif. (10396), succeeded by TorranceNational Bank _ -
The First National Bank of Hemet, Calif. (10764), absorbed by The CitizensNational Trust and Savings Bank of Riverside, Calif
The First National Bank of Headland, Ala. (7424) _The Vancouver National Bank, Vancouver, Wash. (6013), succeeded by
Vancouver National Bank _ __The Tuckahoe National Bank, Tuckahoe, N. J. (8681), succeeded by The
First National Bank of TuckahoeFirst National Bank in Lubbock, Tex. (12682), succeeded by First National
Bank at Lubbock _The First National Bank of Condon, Oreg. (7059), succeeded by First Na-
tional Bank in Condon _The National Bank of Commerce of Mankato, Minn. (6519), succeeded by
National Bank of Commerce in Mankato.The First National Bank of Hampden, N. Dak. (7650), absorbed by The
First National Bank of Munich, N. Dak _.The Clifton Forge National Bank, Clifton Forge, Va. (9177), succeeded by
The Mountain National Bank of Clifton ForgeThe Peoples National Bank of Zelienople, Pa. (7409), succeeded by The
Union National Bank of Zelienople.- --The First National Bank of Zelienople, Pa. (6141), succeeded by The Union
National Bank of ZelienopleThe First National Bank of Bangor, Pa. (2659), succeeded by First National
Bank in Bangor . - . .The First National Bank of North Girard, Pa. (12363), succeeded by The
Girard National BankThe Caledonia National Bank, Caledonia, 111. (10567), absorbed by The
Second National Bank of Belvidere, 111Old-Merchants National Bank and Trust Company of Battle Creek, Mich.5
(7589), succeeded by Security National Bank of Battle Creek.._The Rochelle National Bank, Rochelle, 111. (1907), succeeded by The Na-
tional Bank of RochelleThe Galva First National Bank, Galva, 111. (2793), succeeded by First Na-
tional Bank in GalvaThe First National Bank of Fort Myers, Fla. (9035), succeeded by The First
National Bank in Fort MyersThe National Bank of Commerce of Astoria, Oreg. (13354), absorbed by The
First National Bank of Portland, OregThe First National Bank of Pasadena, Calif. (3499), absorbed by First Trust
& Savings Bank of Pasadena... -- . —The First National Bank of Trinidad, Colo. (2300), succeeded by The First
National Bank in Trinidad -The Peoples National Bank of Reynoldsville, Pa. (7620), succeeded by Peoples
National Bank in ReynoldsvilleThe American National Bank of Portland, Oreg. (12557), absorbed by The
First National Bank of Portland, OregThe First National Bank of Hancock, Mich. (2143), succeeded by The Na-
tional Metals Bank of HancockThe Galena National Bank, Galena, Kans. (4798)..The First National Bank of Phillippi, W. Va. (6302), succeeded by First
National Bank in PhillippiThe First National Bank of Madison, 111. (8457), succeeded by The First
National Bank in MadisonThe First National Bank of Laurium, Mich. (8598), succeeded by The Na-
tional Metals Bank of Hancock, MichThe Rigby National Bank, Rigby, Idaho (11600), absorbed by American
National Bank of Idaho Falls, IdahoThe First National Bank of Braddock, Pa. (2799), succeeded by First National
Bank of BraddockThe First National Bank of Dale, Wis. (8118), succeeded by Farmers & Mer-
chants Bank, Dale -The Farmers National Bank of Cambridge, 111. (2572), succeeded by The
Peoples National Bank of Cambridge. -National Bank of Port Clinton, Ohio (6227), succeeded by Port Clinton Na-
tional Bank. . . . .The Citizens National Bank of Oconto, Wis. (5521), succeeded by The First
National Bank of OcontoThe Farmers & Merchants National Bank of Venus, Tex. (7798)The First National Bank of Corcoran, Calif. (9546), succeeded by First Na-
tional Bank in Corcoran .The First National Bank of La Veta, Colo. (12531)The First National Bank of Decatur, Nebr. (8988)The First National Bank of Fairview, N. J. (12465), succeeded by The United
National Bank of Cliffside Park, N. J
Aug. 1,1934
Aug. 6,1934
July 19,1934
Aug. 10,1934
Aug. 7,1934
Aug. 3,1934
Aug. 9,1934
Aug. 4,1934
Aug. 14,1934
Aug. 15,1934
Aug. 11,1934
Aug. 17,1934
doAug. 13,1934
Aug. 1,1934
Aug. 14,1934
June 11,1934
Sept. 1,1934
Aug. 15,1934
Aug. 11,1934
Aug. 9,1934
Sept. 1,1934
Sept. 4,1934
Sept. 7,1934
July 31,1934
Sept. 5,1934Sept. 10,1934
Aug. 11,1934
Sept. 6,1934
Sept. 5,1934
June 1,1934
Aug. 29,1934
Sept. 10,1934
Sept. 12,1934
do
Sept. 5,1934Sept. 15,1934
Sept. 14,1934Aug. 29,1934Sept. 11,1934
Sept. 25,1934
$125,000
50,000
50,000130,000
100,000
25,000
200,000
100,000
100,000
25,000
100,000
50,000
50,000
200,000
25,000
25,000
1,300,000
50,000
60, 000
100,000
100,000
500,000
200,000
100,000
400,000
100,00050,000
50,000
50,000
100,000
40,000
100,000
25,000
50,000
100,000
65,00025,000
100,00025,00050,000
100,000
* With one branch in Battle Creek.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OF THE COMPTROLLER OP THE CURRENCY 185
TABLE N O . 5.—National banks reported in liquidation from Nov. 1, 1933, to Oct.31, 193 J+, the names, where known, of succeeding banks in cases of succession,with date of liquidation and capital—Continued
Names and location of bank Date ofliquidation Capital
The First National Bank of Puente, Calif (9894), absorbed by Bank ofAmerica National Trust and Savings Association, San Francisco, Calif
The Strausstown National Bank, Strausstown, Pa. (10452), succeeded byStrausstown National Bank... _._ _
The First National Bank of Choteau, Mont. (10937)The First National Bank of Timblin, Pa. (11204), absorbed by Farmers &
Miners Trust Company, Punxsutawney, Pa --_The First National Bank of Calumet, Mich (3457), succeeded by The Na-
tional Metals Bank of Hancock, MichThe First National Bank of Olney, 111. (1641), succeeded by First National
Bank in Olney--First National Bank in Goldthwaite, Tex. (12589)The Peoples National Bank of Newark, N. J. (12964), absorbed by West Side
Trust Company, Newark..The First National Bank of Cucamonga, CaHf. (7152), absorbed by Bank of
America National Trust and Savings Association, San Francisco, CalifThe Merchants & Miners National Bank of Iron wood, Mich. (12387), suc-
ceeded by The National Metals Bank of Hancock, Mich.The First National Bank of Wampum, Pa. (6664), succeeded by First Na-
tional Bank in Wampum..The First National Bank of Amboy, 111. (5223), succeeded by The First Na-
tional Bank in AmboyThe First National Bank of Claxton, Ga. (10IS33), succeeded by The Claxton
National BankThe Painesville National Bank and Trust Company, Painesville, Ohio
(13318), succeeded by First National Bank in PainesvilleThe Cherryville National Bank, Cherryville, N. C. (12896), succeeded by
Cherryville National BankMarlin-Citizens National Bank, Marlin, Tec. (5606), succeeded by Marlin
National Bank
Sept. 20,1934
Oct. 1,1934— . d o
The Garden City National Bank, Garden City, Kans. (7646), succeeded byThe Garden National Bank of Garden City
The Exchange National Bank of Osborne, Kans. (3472), absorbed by TheFirst State Bank of Osborne__
First National Bank of East Peoria, 111. (6724), succeeded by The First Na-tional Bank in East Peoria
The Lamar National Bank, Lamar, Colo. (&036), succeeded by Lamar Na-tional Bank
The Farmers National Bank of Hutchinson, Minn. (10147); succeeded byThe First National Bank of Hutchinson
The First National Bank of Oak Hill, W. Va. (14034), absorbed by The Mer-chants & Miners National Bank of Oak Hi]l__ —
The Van Wert National Bank, Van Wert, Ohio (2628), succeeded by VanWert National Bank
The First National Bank of Goltry, Okla. (31394), absorbed by First StateBank of Carrier, Okla
The South Broadway National Bank of Denver, Colo. (12974), succeeded byUnion National Bank in Denver
The First National Bank of Eads, Colo. (8411!), succeeded by First NationalBankinEads
The Keystone National Bank of Pittsburg, Pittsburgh, Pa. (7560), succeededby Keystone National Bank in Pittsburgh _.
Calcasieu National Bank in Lake Charles, La.? (13573), succeeded by TheCalcasieu-Marine National Bank of Lake Charles
The National City Bank of Chelsea, Mass. (11270), succeeded by The LincolnNational Bank of Chelsea.
The First National Bank of Milroy, Ind. (11782)The Lincoln National Bank of Buffalo, N. Y. (13219), succeeded by The
Lincoln-East Side National Bank of BuffaloThe First National Bank of Lyndon, Kans. (7222)First National Bank and Trust Company of Bloomington, 111. (13499), suc-
ceeded by The National Bank of Bloomington
Sept.
Sept.
Aug.Oct.
Sept.
Oct.
Sept.
Sept.
Oct.
Sept.
Oct.
Sept.
July
Apr.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Sept.
Oct.Sept.
Oct.Oct.
18,1934
29,1934
28,19341,1934
18,1934
2,1934
28,1934
1,1934
2,1934
17,1934
9,1934
20,1934
26,1934
4,1934
15,1934
10,1934
10,1934
15,1934
1,1934
22,1934
4,1934
2,1934
15,1934
24,1934
17,1934
25,193420,1934
26,193419,1934
Aug. 14,1934
Total (357 banks)
$50,000
25,00050,000
25,000
200, 000
75,00025, 000
300, 000
25,000
100,000
75,000
100, 000
50, 000
250,000
100,000
200,000
50,000
50,000
35, 000
50,000
50,000
6 50,000
100,000
25,000
200,000
25,000
600,000
1, 200,000
100,00050,000
200,00025,000
300, 000
' 45, 263, 000
• Includes $25,000 preferred capital stock.7 With 8 branches in Louisiana other than local.8 Includes $75,000 preferred capital stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 6.—Capital stock, surplus, undivided profits, and total assets of banks consolidated under act of Nov. 7, 1918, as amended Feb. 25,1927, and June 16, 1933, in the year ended Oct. 31, 193 4, CLS shown by their last reports prior to consolidation
Closing banks Continuing banks
Char-terno.
Title and location State Capital SurplusUndi-videdprofits
Totalassets
Char-terno.
Title and location Capital SurplusUndi-videdprofits
Totalassets
Date ofreports
Date ofconsoli-dation
9452
5622
The Bankers TrustCompany, Hartford.
First Trust Company ofMcMinnville.
Northern Trust Com-pany of Duluth.
Lawndale State Bank,Chicago.
The Minnesota Loan andTrust Company, Min-neapolis.
The American TrustCompany, Jackson-ville.
Marquette Trust Com-pany, Minneapolis.
Elgin City BankingCompany, Elgin.
The McGill NationalBank, McGill.
The City National Bankof Berlin.
Security Savings andTrust Company, Port-land.
Crocker First FederalTrust Company, SanFrancisco.
Conn _ _
Tenn .
Minn_
111
Minn_
Fla
Minn_.
111
Nev—_
N. H . . .
Ore__._
Calif—
$250,000
90,000
200,000
500,000
1,000,000 1
$250,000
40,000
100,000
1,500,000
$154, 660
2,383
200,000
200,000
300,000
25,000
100,000
500,000
1, 500,000
40,000
100, 000
25, 000
100, 000
550,000
24,187
210,613
73, 761
21, 057
149, 681
1,472
3,007
87, 297
300,0001,567,258
$4,643,911
292,308
351, 796
1,888,852
15, 787, 521
322,859
971,969
2, 714,858
619, 722
1, 001,332
1,143,325
46, 597,086
10 State banks.__2 national banks _
4, 740,000 2, 880,000125, 000 125,000
2, 290, 8974,479
74, 714,4851, 621,054
1338
2221
9327
10247
2006
11861
1365
9310
14100
1553
1741
Hartford National Bankand Trust Company,Hartford.
The First National Bankof McMinnville.
The Northern NationalBank of Duluth.
The Lawndale NationalBank of Chicago.
The North Western Na-tional Bank of Minne-apolis.
The Atlantic NationalBank of Jacksonville.
The Marquette NationalBank of Minneapolis.
The First National Bankof Elgin.
The Ely National Bank,Ely.
Berlin National Bank,Berlin.
The First National Bankof Portland.
Crocker First NationalBank of San Francisco.
12 national banks
$4, 000,000 $4,000, 000 $456, 557 $49, 796,846
180,000
1, 000,000
350,000
5,000,000
3,000,000
200,000
300,000
25,000
100, 000
2, 500,000
6,000, 000
180, 000
200,000
50,000
2, 000, 000
380,000
50,000
100,000
25,000
(01,000,000
11,983
86,963
36,115
321,163
31,600
14,022
38,499
853
1,734,338
8,075,493
4,002,340
93,592, 111
32,983,745
2, 244, 769
2,945,784
672,505
1933Oct. 25
. . . d o
. . . d o
. . . d o
Dec. 30
. .do
1934Mar. 5
. . d o . —
- d o
. .do
293,133
2, 500,000 1,502, 680
57,119,960
77,772,440
.do..
.do..
22, 655,000 10, 485,000 793,568 330,940,331
1933Dec. 9
Dec.
Dec.
Dec.1934
Jan.
23
27
30
2
waQog1_3
Feb. 8
Mar. 21
Mar. 29
May 9
May 19
May 24
May 31
P
W
Q
1 New national bank did not report prior to consolidation.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 187
TABLE N O . 7.—National banks consolidated under act of Nov. 7, 1918, as amendedJune 16, 1933, capital, surplus, undivided profits, and total assets, year endedOct. 31, 1934
Con-soli-da-tionno.
520521
Char-terno.
931014100
Title and location of bank
The Ely National Bank, ElyBerlin City National Bank, Berlin-
Total (2 banks)
State
Nev—.N . H . . .
Date ofconsoli-dation
May 9May 19
Capital
i$100,000250,000
i 350,000
Sur-plus
$10,00050,000
60,000
Undi-videdprofits
$3,603
3,603
Totalassets
$1,298,4371,417,268
2,715,705
i Includes $50,000 preferred capital stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 8.—State banks and national banks consolidated under act of Feb. 25, 1927, as amended June 16, 1983, their consolidated capital,surplus, undivided profits, and total assets, year ended Oct. 31, 193'4-
Con-solida-
tionno.
512
513
514
515
516
517
518
519522
523
Title and location of State bank
The Bankers Trust Company, Hartford-
First Trust Company of McMinnville-.
Northern Trust Company of DuluthLawndale State Bank, Chicago._
The Minnesota Loan and Trust Com-pany, Minneapolis.
The American Trust Company, Jack-sonville.
Marquette Trust Company, Minneapo-lis.
Elgin City Banking Company, ElginSecurity Savings and Trust Company,
Portland.Crocker First Federal Trust Company,
San Francisco.
Total (10 State banks with 10 na-tional banks).
Charterno. of
nationalbank
1338
2221
9327
10247
2006
6888
11861
13651553
1741
Title and location of national bank
Hartford National Bank and TrustCompany.
The First National Bank of McMinville.
The Northern National Bank of Duluth.The Lawndale National Bank of Chi-
cago.Northwestern National Bank and Trust
Company of Minneapolis.The Atlantic National Bank of Jackson-
ville.The Marquette National Bank of Minn-
eapolis.The First National Bank of Elgin.The First National Bank of Portland
Crocker First National Bank of SanFrancisco.
State
Conn__
Tenn..
Minn__III
Minn._
Fla-.._
Minn._
111Oreg.._
Calif—
Date ofconsoli-dation
1933Dec. 9
Dec. 23
Dec. 27
Dec. 30
1934Jan. 2
Feb. 8
Mar. 21
Mar. 29May 24
May 31
Capital
$4,000,000
180,000
1,000,000
1600,000
5,000,000
3,000,000
300,000
300,0002, 500,000
6,000,000
122,880,000
Surplus
$3,000,000
100,000
200,000
100,000
2,000,000
390,000
100,000
300,0002,000,000
5,000,000
13,190,000
Undividedprofits
$1,260,957
33,405
223,628
112,290
321,163
193,443
119,452
174,376254,935
2, 239,925
4,933,574
TotalAssets
$49,785,065
1,787,559
8, 254,978
6,046,161
104,859,475
35,564,937
2, 948,490
5,035, 25661, 558, 513
124,019,977
399,860,411
Increasein au-
thorizedcapital
/ 2100,000\ 3 350,000
100,000
/ 2100,00011 450,000
i Includes $350,000 preferred capital stock.3 Decrease in common capital stock.3 Preferred capital stock.
OOoo
Iwao
B
o
§HW
Q
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOBT OF THE COMPTBOLLEB OP THE CTJBBENCY 189TABLE NO. 9.—Number and capital of State banks converted into national banking
associations in each State and Territory from 1863 to Oct. 31, 1934
1 Of these cases, 68 were effected wholly or in part by stock dividends aggregating $6,085,130.2 Of these cases, 12 were effected wholly or in part by stock dividends aggregating $752,617.s Of these cases, 3 were effected wholly or in part by stock dividends aggregating $270,504.< Of these cases, 3 were effected wholly or in part by stock dividends aggregating $260,000.» Of these cases, 4 were effected wholly or in part by stock dividends aggregating $400,000 and 8 banks with an aggregate increase of $175,600 from net earnings incident to the
retirement of preferred capital.
woatel
o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 191
TABLE NO. 12.—Number and authorized capital of national banks chartered andthe number and capital stock of banks closed in each year ended Oct. 31, since1913y with the yearly increase or decrease
1 Amount of capital stock reductions incident to consolidations.2 Includes $19,772,300 preferred capital authorized for 306 banks.3 Includes 10 banks with an aggregate capital of $845,000 restored to solvency. There were also 19 banks
restored with an aggregate capital of $3,200,000 for which receivers had been appointed prior to Nov. 1,1933. Also includes 39 banks with an aggregate capital of $6,420,000 which had been placed in voluntaryliquidation by their shareholders prior to Nov. 1, 1933.
* There was a decrease of 210 banks, considering the 29 banks restored to solvency and the 39 banks whichwere in voluntary liquidation.
TABLE NO. 13.—Total number of national banks organized, consolidated under actof Nov. 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation^and in existence on Oct. 31, 1934
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
192 EEPOET OF THE COMPTKOLLEB OF THE CURRENCY
TABLE NO. 13.—Total number of national banks organized, consolidated under adof Nov. 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation,and in existence on Oct. 31, 1934—Continued
Washington -OregonCaliforniaIdahoUtah . -NevadaArizona . .
Total Pacific States _.
AlaskaThe Territory of HawaiiPuerto Rico..
Total Alaska and insular possessions
Total United States, Alaska, and insular pos-sessions
Organ-ized
76100
1,147141244205
3,092
686430801310.267483540289
3,806
25921939844419258
21682
733
2,601
220146506109381630
1,065
561
12
14,296
Consoli-dated
under actNov. 7,
1918
43
31196
101
22111449649
79
31143
3
12
27
172
12
31
35
1
1
380
Insolvent
1614
138383437
555
11197
2217553
116205
57
935
1009282767612552584
602
51306435546
195
2,762
In liqui-dation
3152
50647
10189
1,217
29619326714299
148206133
1,484
8559
17316767207633
415
1,095
8559
29549155
16
524
141
6
5,565
In exist-ence
2531
47255
10073
1,219
25712929989
10621312590
1,308
7167
142•197
46268224
222
877
6755
1352515
00 O
S
311
41
5
5,589
TABLE NO. 14.—Changes of corporate title of national banks, year ended Oct. 31,1934
Char-terno.
Title and location Date
5550
6429
2049
1683
13455
13422
13344
Bishop First National Bank of Honolulu, Honolulu, Hawaii, to "Bishop National Bankof Hawaii at Honolulu"
First National Bank & Trust Company in Minot, N. Dak., to "First National Bank inMinot"---
The East Tennessee National Bank of Knoxville, Tenn., to "Park National Bank ofKnoxville"—- ~ .
First National Bank & Trust Company of Mankato, Minn., to " First National Bank ofMankato"
The Union National Bank and Trust Company in Minot, N. Dak., to "The UnionNational Bank in Minot" _ __.
Freeborn County National Bank & Trust Company of Albert Lea, Minn., to "FreebornCounty National Bank of Albert Lea"
The National Bank and Trust Company of Jamestown, N. Dak., to " The NationalBank of Jamestown" _
1933Nov. 3
Dec. 5
Dec. 211934
Jan. 23
Jan. 29
Feb. 1
Feb. 13Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 193TABLE NO. 14.—Changes of corporate title of national banks, year enddd Oct. 81,
1934—Continued
Char-terno.
Title and location Date
2597
1392113346
131621395813331
10387
11759
11017
13385
10145
13242
2360
8290
12488
First National Bank of Ogden, Utah, to "First Security Bank of Utah, National Asso-ciation" -_ _ _
The Manitowoc National Bank, Manitowoc, Wis., to "Manitowoc National Bank"...The First National Bank and Trust Company of Vermillion, Vermillion, S. Dak., to
" First National Bank in Vermillion" _Conqueror First National Bank of Joplin, Mo., to "First National Bank of Joplin"The Union National Bank of Little Rock, Ark., to "Union National Bank of Little Rock".The First National Trust and Savings Bank of Spokane, Wash., to " First National Bank
in Spokane"The First National Bank of McFarland, Calif., to "First National Bank in Delano",
Delano, Calif- . .__.Citizens National Bank and Trust Company of Ridgewood, N. J., to "Citizens First
National Bank and Trust Company of Ridgewood"The First National Bank of Rapelje, Mont., to "Stillwater National Bank, Columbus"
Columbus, Mont _The American National Bank and Trust Company of Valley City, N. Dak., to "The
American National Bank of Valley City"The First National Bank of Plainfield, Conn., to "The Plainfield National Bank of
Moosup", Moosup, Conn ___The Forest Hills National Bank of New York, N. Y. (P. O. Forest Hills, New York
City, N. Y.), to "United National Bank of Long Island in New York"...The Lebanon-Citizens National Bank & Trust Company, Lebanon, Ohio, to "The
Lebanon-Citizens National Bank" _ __.The First National Bank of Norcatur, Kans., to "Decatur County National Bank of
Oberlin," Oberlin, KansThe First National Bank of Sherman, S. Dak., to "First National Bank in Garretson",
Garretson, S. Dak _ __
Feb.Feb.
Feb.Mar.Mar.
Apr.
June
June
June
July
Aug.
Sept.
Oct.
Oct.
Oct.
2427
281
.24
3
22
23
25
23
24
17
1
20
27
TABLE NO. 15.—Changes of corporate title incident to consolidations of nationalbanks and of State banks with national banks, year ended Oct. 81, 1934
The Minnesota Loan and Trust Company, Minneapolis, Minn., and the North Western National Bankof Minneapolis (2006), consolidated under the charter of the latter with title "Northwestern NationalBank and Trust Company of Minneapolis."
The City National Bank of Berlin, N. H. (5622), and Berlin National Bank, Berlin (14100), consolidatedunder the charter of the latter with title " Berlin City National Bank."
TABLE NO. 16.—National banks chartered during the year ended Oct. 31, 1934
Char-terno.
14160
1394913958140001405614096140971420914238
13877140451420214230
Title
ALABAMA
First National Bank in Tuscumbia
ARKANSAS
The Peoples National Bank of Little RockThe Union National Bank of Little Rock iThe Commercial National Bank of Little RockNational Bank of Commerce of Pine Bluff.The Citizens National Bank of CamdenFirst National Bank at Marianna__ _ . . _ .The First National Bank at Paris._.The Malvern National Bank
Total (8 banks)
CALIFORNIA
Oilfields National Bank in Brea . . . .First National Bank in Santa Ana. _Torrance National BankFirst National Bank in Corcoran
First National Bank in Grand Junction.The Greeley National BankFirst National Bank in BoulderThe First National Bank in Fort CollinsTrinidad National BankFirst National Bank in EadsThe First National Bank in Trinidad-._Union National Bank in DenverLamar National Bank
Total (9 banks)
Mercantile National Bank of Miami BeachFirst National Bank in Tarpon Springs...First National Bank in MiltonThe First National Bank at OrlandoThe First National Bank in Fort Myers .
GEORGIAJackson National BankThe National Bank of MonroeFirst National Bank in ElbertonFirst National Bank in Way crossThe Claxton National Bank _.The Citizens National Bank of Quitman.First National Bank in Cordele
Total (7 banks) _
100,00025,00025,000
100,00050,000
300,000
25,000150,00025,00050,00020,00025,00050,000
ILLINOISThe National Bank of Canton ..^ . , ,City National BankinDixonThe First National Bank of Mount VernonNational Bank of MonticelloThe National Bank & Trust Company of SycamoreThe National Bank of SavannaCumberland County National Bank in NeogaFirst National Bank in PeruThe La Grange National BankThe National Bank of SterlingThe Farmers & Merchants National Bank of CarlinvilleFirst National Bank in PinckneyvilleThe First National Bank in AltamontFirst National Bank in De KalbThe First National Bank in East Peoria J_-_. I__The Charleston National BankThe Granville National BankFirst National Bank in NewtonThe District National Bank of ChicagoThe Naperville National BankFirst National Bank in LincolnFirst National Bank at East St. Louis i '_First National Bank of Carthage :___-_!First National Bank of Woodstock I1: : ._. ._.-The Neat, Condit and Grout National Bank of Winchester..First National Bank in Galva ;._.Aurora National BankFirst National Bank in GolcondaThe National Bank of BloomingtonFirst National Bank in OlneyThe National Bank of Rochelle _ .__ .The First National Bank in MadisonThe Peoples National Bank of Cambridge _ . . .The First National Bank in AmboyThe Milwaukee Avenue National Bank of ChicagoLiberty National Bank of ChicagoMount Carroll National BankThe Pontiac National BankFirst National Bank in Shawneetown _ _.The First National Bank in Carlyle __ _._The Mount Olive National Bank •____..___
The First National Bank at SwayzeeThe First National Bank in WabashThe Merchants National Bank of Terre HauteThe Bright National Bank at Flora _The City National Bank of South BendDecatur County National Bank of GreensburgThe Union National Bank of New AlbanyThe Johnson County National Bank of FranklinFirst National Bank of GoshenLa Fayette National BankBoonville National Bank _._The Knisely National Bank of ButlerCitizens' National Bank of LintonFarmers & Merchants National Bank of Rensselaer_The National Bank of Greenwood
Total (15 banks)..
First National Bank of Hampton... .-The National Bank of WashingtonThe National Bank of Rockwell CityFirst National Bank in Hawarden -The First National Bank of West UnionFirst National Bank in Fairfield.—First National Bank in Council BluffsHancock County National Bank of GarnerFirst National Bank in LenoxThe Nodaway Valley National Bank of Villisca .-The City National Bank of ShenandoahNevada National BankThe Grundy National Bank of Gruady CenterThe Citizens National Bank at Belle PlaineThe First National Bank in Clear Lake.— —-The Farmers and Merchants National Bank of Winterset.The First National Bank in What Cheer..First National Bank in Bellevue - -The First National Bank in Traer .-First National Bank in Le Mars -Hardin County National Bank in Eldora
Total (21 banks) .
KANSAS
The Citizens National Bank in Independence.The Garden National Bank of Garden City..-The Chandler National Bank of LyonsFirst National Bank in Goodland
Total (4 banks) .
KENTUCKY
The Union National Bank of Barbourville.Ohio Valley National Bank of HendersonThe First National Bank in OwentonFirst National Bank in StanfordThe National Bank and Trust Company of Paris..The National Deposit Bank in OwonsboroFirst National Bank in Clinton....
Total (7 banks)..
LOUISIANA
The St. Charles National Bank of Norco__The Citizens National Bank of Morgan CityThe Citizens National Bank in Hammond-__First National Bank in De BidderThe First National Bank of DelhiThe Calcasieu-Marine National Bank of Lake Charles.The First National Bank in Donaldsonville
Farmers National Bank in Houlton»The First National Bank of Fort Fairfleld..The First National Bank in Fort Kent
Total (3 banks).,
MARYLAND
The Cecil National Bank at Port Deposit..The Peoples National Bank of HancockThe First National Bank in ParktonFrostburg National BankThe Peoples National Bank in Brunswick-Citizens National Bank in Pocomoke City-
Total (6 banks)..
MASSACHUSETTSMillbury National BankFirst National Bank in PepperellTanners National Bank in WoburnThe Lincoln National Bank of ChelseaFirst National Bank in Revere.._The Northern National Bank of Haverhill...
Total (6 banks).
MICHIGAN
The National Bank of AdrianThe First National Bank at HubbellFarmers and Merchants National Bank in Benton Harbor.The Rochester National BankNational Bank of HastingsThe Central National Bank at Battle CreekThe National Bank of WyandotteThe First National Bank in OntonagonThe Miners' First National Bank of IshpemingNational Bank of FlintThe National Bank of Eaton RapidsFirst National Bank in Marshall _The National Bank of LudingtonThe Utica National BankLansing National BankThe Hillsdale County National Bank of HillsdaleThe Iron River National BankFirst National Bank in GladstoneColdwater National BankFirst National Bank in HowellSecurity National Bank of Battle CreekThe Ionia County National Bank of IoniaThe National Metals Bank of HancockFirst National Bank of Crystal FallsThe First National Bank at Manistique ...
Total (25 banks).
MINNESOTA
The Lake Crystal National BankFirst National Bank in St. CharlesFirst National Bank in WinthropThe Security National Bank of Amboy.._.First National Bank in West ConcordThe First National Bank of Hutchinson...National Bank of Commerce in Mankato..The First National Bank at St. James
The National Commercial Bank of LibertyThe City National Bank and Trust Company of Kansas City.The National Bank of CaruthersvilleThe First National Bank of ButlerSouth Side National Bank in St. Louis...First National Bank in Lamar
Total (6 banks)..
MONTANA
The Farmers National Bank in Chinook.
NEBRASKA
City National Bank of HastingsPackers National Bank in Omaha,._The First National Bank in AuroraThe Overland National Bank of Grand Island-First National Bank in ExeterSecurity National Bank of Superior.The Citizens National Bank of AshlandThe City National Bank in David CityFirst National Bank in ScribnerThe Wymore National Bank
Total (10 banks).
NEW HAMPSHIRE
Claremont National BankThe New Public National Bank of Rochester.Berlin National Bank 3
Total (3 banks).
NEW JERSEY
The Orange First National BankThe Belmar National Bank ._The Branchville National BankThe Edgewater National BankFirst National Bank of Spring LakeFirst National Bank in New EgyptMetuchen National BankFirst National Bank in GarfieldThe Citizens National Bank of Collingswood...National Bank of ClementonLiberty National Bank in GuttenbergPeoples National Bank in LakewoodThe National Bank of Palisades Park___The National Bank of Ocean CityPeoples National Bank of SecaucusFirst National Bank in CarteretThe United National Bank of Cliffside Park....The Sea Bright National BankThe First National Bank of TuckahoeFirst National Bank in NewfieldFirst National Bank in Fort LeeThe Mainland National Bank of Pleasantville..
The National Ulster County Bank of Kingston...The National Bank of Florida _..National Spraker Bank in CanajoharieFirst National Bank in YonkersThe Crestwood National Bank in TuckahoeThe National Bank of TuxedoThe Andover National BankFirst National Bank in GouverneurCentral National Bank of WashingtonvillePhilmont National BankThe Lincoln-East Side National Bank of Buffalo.First National Bank of New RochelleThe National Bank of MiddletownThe Fidelity National Bank in New York..The National Bank of Pine BushThe National Bank of Windham _ ___Brockport National Bank... ___ ___The National Bank of Kings Park .._ _The National Bank of OxfordCherry Creek National BankThe National Bank of Phelps
Total (21 banks).
NORTH CAROLINA
The Union National Bank of Oxford.The Oxford National BankThe Guilford National Bank of Greensboro..The First National Bank of Winston-Salem.Cherry ville National BankNational Bank of Commerce of Gastonia
Total (6 banks)..
NORTH DAKOTA
First National Bank in MottThe First & Commercial National Bank of Williston.
Total (2 banks)..
OHIOThe National Bank of PortsmouthThe First National Bank of KinsmanThe First National Bank of CaldwellThe Citizens National Bank of WoodsfieldThe First National Bank at East PalestineThe First National Bank at CarrolltonThe First National Bank in BryanThe Central National Bank at CambridgeNational Bank of MontpelierFirst National Bank in BellaireThe Mansfield Savings Trust National Bank _.First National Bank in St. Clairsville.Coshocton National BankGreenville National BankThe New First National Bank of MariettaPort Clinton National BankFarmers and Merchants National Bank in Bellaire.The National Bank of FremontFirst National Bank at Dillonvale -National Bank of ToledoThe Bridgeport National BankThe Bradford National Bank.Lagonda National Bank of SpringfieldFirst National Bank in St. MarysBrookyille National BankThe Mingo National Bank of Mingo-JunctionThe Arcanum National BankThe Mt. Healthy National BankThe National Bank of Oak HarborFirst National Bank in PainesvilleThe Goshen National Bank of BethesdaThe Citizens National Bank in West MiltonThe National Bank of LorainFirst National Bank in New Bremen
The First National Bank at Ponca City.American National Bank of ShawneeThe First National Bank in DurantFirst National Bank in PerryWalters National BankFirst National Bank at AntlersFirst National Bank in Blackwell
Total (7 banks)..
First National Bank in Clatskanie..The North Bend National BankFirst National Bank in Condon
Total (3 banks).
PENNSYLVANIA
The First National Bank at WilkinsburgThe First National Bank of FreeportThe Depositors National Bank of New Wilmington..The Farmers National Bank of MercerMiners National Bank of Wilkes-BarreThe Crafton National BankStrausstown National BankFirst National Bank of BraddockBlairsville National BankFirst National Bank in FinleyvilleFirst National Bank at AlbionThe Union National Bank of WaynesburgFredonia National BankFirst National Bank in New FreedomThe Peoples National Bank of SomersetNew Florence National BankThe Peoples National Bank of Rural ValleyFirst National Bank in BirdsboroThe First National Bank in Fleet woodThe First National Bank of Dickson CityFirst National Bank in TarentumThe Farmers National Bank of ConneautvilleScranton National BankYardley National BankPeoples National Bank in ReynoldsvilleThe Union National Bank at McKeesportFirst National Bank in FreelandFirst National Bank at Conneaut LakeThe Herndon National BankThe First National Bank in FrackvilleFirst National Bank of HeginsThe County National Bank at ClearfieldBerwyn National BankBethlehem National BankThe Kingston National BankSprings-First National Bank in Cambridge Springs.Tower City National BankAmbler National BankFirst National Bank in ClarionDover National BankFirst National Bank of ExportFirst National Bank in GreensburgThe Union National Bank of RockwoodFirst National Bank at KoppelCodorus National Bank in JeffersonThe National Bank of OlyphantCitizens National Bank in WindberThe First National Bank at StoystownEast Berlin National BankNational Bank of Union CityFirst National Bank in CecilFirst National Bank in IndianaThe First National Bank at McKees RocksFirst National Bank in WampumFirst National Bank at Beaver FallsNational Bank of Olney at PhiladelphiaUnion National Bank in Mount WolfClifton Heights National Bank
First National Bank in Charleroi..-The Commercial National Bank of LatrobeThe National Bank of Narberth _The National Bank of Ford City,.The Hooversville National BankFirst National Bank in SykesvilleFirst National Bank in BangorSouth Philadelphia National Bank of Philadelphia..First National Bank at Gallitzin _.First National Bank of WilliamsburgThe Girard National Bank _Northwestern National Bank in PhiladelphiaThe Delta National BankThe First & Farmers National Bank of Forest City.Keystone National Bank in PittsburghThe First National Bank of Green LaneThe Union National Bank of ZelienopleThe National Bank and Trust Company of ErieThe Hartley National Bank of BedfordThe National Bank of Hamburg _The Bridgeville National BankThe City National Bank of PottsvilleFirst National Bank at Patton .._National Bank of America in PittsburghOil City National BankExchange National Bank in MariettaUnion National Bank of ReadingThe First National Bank in BedfordThe Union National Bank of Shenandoah ._
Rhode Island Hospital National Bank of Providence.The Columbus National Bank of Providence
2,500,000100,000
Total (2 banks). 2,600,000
SOUTH CAROLINA
First National Bank in OrangeburgThe Southern National Bank of OrangeburgThe Commercial National Bank of Spartanburg..
50,00050,00080,000
Total (3 banks).. 180,000
SOUTH DAKOTA
The Rapid City National Bank.First National Bank in Pierre...
50,00020,000
Total (2 banks). 70,000
TENNESSEE
Union National Bank of FayettevilleThe First National Bank in Rockwood...The Blount National Bank of Maryville..
50,00025,00050,000
Total (3 banks).. 125,000
TEXAS
The Santa Anna National BankThe First National Bank in LulingSan Jacinto National Bank of Houston..The Capital National Bank in Austin.__First-Lockhart National BankThe West National BankThe City National Bank of HoustonCleburne National BankThe First National Bank of Alto . - .First National Bank in ClarksvilleThe First National Bank in Big Spring-First National Bank in George WestThe City National Bank of Plainview—
First National Bank in BreckenridgeThe First National Bank in FalfurriasThe First National Bank in CanyonThe First National Bank of Goose CreekFirst National Bank in GrovetonMarlin National Bank _._First National Bank in EdinburgCitizens National Bank in GroesbeckHaskell National BankFarmers National Bank of NewcastleThe Robstown National Bank.Buchel National Bank in CueroAmerican National Bank in McLeanThe South Texas National Bank of San Antonio _.First National Bank in DalhartThe First National Bank of AngletonAmarillo National BankFirst National Bank in Pampa ___First National Bank at LubbockFirst National Bank at FarmersvilleState National Bank in ComancheCentral National Bank of McKinneySnyder National BankThe Farmers National Bank of White DeerCitizens National Bank at Brown woodBexar County National Bank of San Antonio
Total (39 banks).
The Windham National Bank of Bellows Falls.Montpelier National BankThe Enosburg Falls National BankThe Poultney National Bank
Total (4 banks).
VIRGINIA
The First National Bank in OnancockFirst National Bank in HonakerThe National Bank of CreweThe Mountain National Bank of Clifton ForgeFarmers & Merchants National Bank in OnleyThe Washington County National Bank of Abingdon.
Total (6 banks)..
WASHINGTONAuburn National BankFirst National Bank in TonasketVancouver National Bank
Total (3 banks)-
WEST VIRGINIA
First National Bank in RonceverteThe National Bank of KeyserFirst National Bank in West UnionThe Merchants & Miners National Bank of Oak Hill..The National Bank of LoganThe Tygarts Valley National Bank of ElkinsThe Webster Springs National BankThe First National Bank of Oak Hill4
First National Bank in PhilippiFirst National Bank at SalemFirst National Bank at MoundsvilleCitizens National Bank of Berkeley SpringsWellsburg National Bank
The Union National Bank of AshlandNational Exchange Bank of Fond du LacFarmers-Merchants National Bank in Princeton -The Manitowoc National Bank«The National Bank of EdgertonFirst National Bank in Viroqua..The First National Bank in MayvilleThe First National Bank of BarabooFirst National Bank of WaupacaThe Wisconsin National Bank in WatertownThe Security National Bank of DurandThe Union National Bank of Superior..,The Citizens National Bank of MarshfieldFirst National Bank in MarionFirst National Bank in TigertonFirst National Bank at DarlingtonThe First National Bank at NeillsvilleThe First National Bank of OcontoThe Clintonville National Bank
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9y 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934
Charterno.
Title DatePreferredincreasecapital
Parvalue
ofshares
$100.00100.00100.00
50.0025.0050.0010.00
200.0025.005.00
80.0050.0050.00
40.0025.00
• 50.00
50.00
50.00100.00
Sold at
share
$100.00100.00100.00
50.0025.0050.0010.00
200.0025.005.00
80.0050.0050.00
40.0025.00
50.00
50.00
50.00100.00
Percentof divi-dendto bepaid
on thepar
value
3185
7148
11337130979550
12993159579851814
11635
1853
5572
3041
4250
1003511753
The First National Bank of Birmingham.The First National Bank of Linden
The First National Bank of Collinsville.The Merchants National Bank of MobileThe Farmers National Bank of OpelikaThe Alabama National Bank of Montgomery..The First National Bank of MobileThe First National Bank of Opp—The First National Bank of MontgomeryThe National Bank of OpelikaThe First National Bank of Tuskaloosa
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 203
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
74641145113412
12578
66334287
2832
71381242913632107505929
1354310406139581158028329501
11542105798952
13534
9174
12904
991913200123419897
103241125198188181
1300786529459
12579101241089497703050
12764
Title
ALABAMA—continued
The First National Bank of PiedmontThe First National Bank in Fort PayneThe American National Bank of Gadsden
Total (20 banks)
ALASKA
The First National Bank of Ketchikan.
ARIZONA
The First National Bank of DouglasThe Consolidated National Bank of T u c s o n -
Total (2 banks)
ARKANSAS
The Arkansas National Bank of Hot Springs. -
The State National Bank of TexarkanaNational Bank of Commerce of El DoradoThe First National Bank in Lake VillageThe American National Bank of RogersThe First National Bank of De QueenThe First National Bank in Green ForestThe First National Bank of BerryvilleUnion National Bank of Little RockThe Farmers National Bank of ClarksvilleThe Arkansas National Bank of Hot Springs..The First National Bank of FordyceThe Planters National Bank of HughesThe Citizens National Bank of HopeThe First National Bank of HuntsvilleThe First National Bank in Ashdown
Total (16 banks)
CALIFORNIA
("The Anglo California National Bank of San\ FranciscoThe Compton National Bank, Compton
The First National Bank of HynesThe Commercial National Bank of Santa Ana..First National Bank in RichmondThe First National Bank of PleasantonThe First National Bank of Mountain View..The First National Bank of Garden GroveThe First National Bank of Laton. . .The First National Bank of OrangeCrescenta-Canada National Bank at Montrose.The First National Bank of GlendoraThe First National Bank of BanningPacific National Bank of San FranciscoThe First National Bank of Parlier__The First National Bank of Lamanda Park. . .The First National Bank of HoltvilleThe First National Trust and Savings Bank
of San Diego --First National Trust and Savings Bank of
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
204 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Security-First National Bank of Los Angeles..The Calistoga National Bank, CalistogaThe First National Bank of FontanaThe First National Bank of Corona . .The First National Bank of AzusaThe First National Bank of CrockettThe First National Bank of Vista _.
The First National Bank of El Monte
The First National Bank of ClovisThe First National Bank of Riverdale.The First National Bank of ElsinoreFirst National Bank in San LeandroFirst National Bank in Paso RoblesCalifornia First National Bank of Long Beach.County National Bank and Trust Company
of Santa Barbara __The Covina National Bank, CovinaThe Temple National Bank, TempleThe First National Bank of AntiochThe First National Bank of McFarlandThe Sebastopol National Bank, SebastopoL...First National Trust and Savings Bank of
Santa Barbara .The Citizens National Bank of OntarioThe Whittier National Trust and Savings
Bank, Whittier :The Pajaro Valley National Bank of Watson-
ville _ —The Seaboard National Bank of Los Angeles..The First National Bank of Ontario
The First National Bank of Cloverdale
The First National Bank of San JacintoFirst National Bank in OrosiThe First Central National Bank of Calexico.The First National Bank of Bellfiower
1934Apr. 30May 1May 3May 8. . . d o . . . .
May 14
May 18May 21May 22May 24May 31June 6
June 14. . . d o . . . .June 15June 18June 22June 23
The First National Bank of MeekerThe Colorado National Bank of DenverThe American National Bank of Denver
The Colorado Springs National Bank, Colo-rado Springs
The First National Bank of HolyokeThe Fremont County National Bank of
Canon CityThe Denver National Bank, DenverThe First National Bank of WindsorThe First National Bank of Longmont...The First National Bank of JohnstownThe First National Bank of MontroseThe First National Bank of FlorenceThe First National Bank of EnglewoodThe National City Bank of DenverThe First National Bank of LimonThe First National Bank of Glenwood Springs.The First National Bank of Fort MorganThe First National Bank of StrattonThe Burns National Bank of DurangoThe First National Bank of Durango
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 205
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1938, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
94385111340
1314125941324525991382780
12973
1216
2
3351360
126371037101451132
1243
2336
897272111332
50462038
102457404
1287113383
11420
11389110381290510578
CONNECTICUT
The Danbury National Bank, DanburyThe Canaan National Bank, CanaanThe Central National Bank of Middletown.-.
The Clinton National Bank, Clinton _.The Citizens National Bank of PutnamThe Sharon National Bank, SharonThe First National Bank of WallingfordThe Meriden National Bank, MeridenThe Waterbury National Bank, Waterbury_.JThe Byran National Bank of East Port
Chester.._The Middletown National Bank, Middletown.
f The First National Bank and Trust Company\ of New Haven,The First National Bank and Trust CompanyI of BridgeportThe Windham County National Bank of
DanielsonThe Plantsville National Bank, Plantsville..-
fThe New London City National Bank, New\ LondonThe First National Bank of PlainfieldCity National Bank & Trust Company of
DanburyThe New Haven Bank, National Banking
Association, New HavenTotal (19 banks)
DELAWAREThe Fruit Growers National Bank and Trust
Company of SmyrnaThe First National Bank of DagsboroThe First National Bank of DelmarThe Delaware City National Bank, Delaware
City ,Total (4 banks) . . .
1933Apr. 28Dec. 15Dec. 22
1934Feb. 23Mar. 10Apr. 7Apr. 13May 5June 16
June 21June 25
[June 27
June 30
July 9July 10
Jjuly 19Aug. 24
Aug. 30
Oct. 13
1934
Apr. 19June 29July 3
July 24
DISTRICT OF COLUMBIA
The Riggs National Bank of Washington, D. C.The Second National Bank of Washington
Total (2 banks)FLORIDA
The First National Bank of BradentonThe First National Bank of De Funiak
Springs _
The First National Bank of KissimeeThe American National Bank in Winter
HavenThe St. Augustine National Bank, St. Augus-
tineThe First National Bank of Winter Garden...The First National Bank of LeesburgThe First National Bank of ClearwaterThe Munroe and Chambliss National Bank of
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
206 REPORT OP THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1988, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1934—Continued
Char-terno.
7616
44299617
13472
163911936135507969967275493830
2972
16686982
8822
7230
9263
107279566
18813854554845964576
10460113084003
117746460
531
13639J10247
85070
8740123665322429966538933
10397
Title
GEORGIA
The Gainesville National Bank, Gainesville-
The First National Bank of ValdostaThe Fulton National Bank of AtlantaThe Liberty National Bank & Trust Company
of SavannahThe National Bank of Athens . -First National Bank of LawrencevilleThe National Bank of FitzgeraldFirst National Bank of McDonoughThe First National Bank of MilledgevilleThe Calhoun National Bank, CalhounThe First National Bank of Marietta
Total (11 banks)
IDAHO
The First National Bank of Lewiston.
The First National Bank of Idaho, BoiseAmerican National Bank of Idaho FallsThe First National Bank of Malad CityT h e Commercial National Bank of Saint
AnthonyThe Bonner County National Bank of Sand-
pointT h e First National Bank of Bonners FerryThe First National Bank of Kellogg
Total (8 banks)
ILLINOIS
The Dixon National Bank, DixonThe Merchants National Bank of AuroraThe First National Bank of Carlyle..The Old Second National Bank of AuroraThe Citizens National Bank of DeoaturThe First National Bank of Wayne CityThe First National Bank of HinsdaleThe First National Bank of HarrisburgThe First National Bank of WoodlawnThe Farmers National Bank of GrayvilleThe Grundy County National Bank, Morris--Continental Illinois National Bank and Trust
Company of ChicagoThe Lawndale National Bank of Chicago
The First National Bank of ChicagoThe Southern Illinois National Bank of East
St. LouisThe First National Bank of GenevaThe First National Bank of LebanonThe First National Bank of Piper City.The Carlinville National Bank, Carlinville--_The First National Bank of HighlandThe First National Bank of LockportThe First National Bank of Brownstown
Date
1933July 13
1934Feb. 24Mar. 2
Mar. 16M a y 7June 9Aug. 9Aug. 28Sept. 7Sept. 26Oct. 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 207
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
8221
136501192348049823
3296
43421058219611147840195771811512000
3303
11662106901209644336924794153986524
3043
109116609177397348425
131469408
13216
884613373
3548
9397
26819786
479
51536451
5638
86079500
5630
77281259611333
10180
8174113
3287
13478
13605
3640
ILLINOIS—continued
The Farmers and Merchants NationalBank of Nashville
The Security National Bank of WittThe City National Bank of CentraliaThe City National Bank of MurphysboroThe Swedish-American National Bank of
RockfordCommercial Merchants National Bank and
Trust Company of PeoriaThe City National Bank of KankakeeThe First National Bank of MarineThe First National Bank of FloraThe St. Clair National Bank of BellevilleThe First National Bank of MurphysboroThe First National Bank of BarryThe Greenup National Bank, GreenupThe First National Bank of Coulterville
The Old National Bank of Centralia
First National Bank of CiceroThe First National Bank of GorhamThe First National Bank of XeniaThe First National Bank of ViennaThe First National Bank of O'FallonThe First National Bank of FreeburgThe First National Bank of RossvilleThe First National Bank of Nashville
The State National Bank of Petersburg
The First National Bank of AvaThe Fairfleld National Bank, FairfieldThe First National Bank of Morris-_.The Bradford National Bank of GreenvilleThe First National Bank of MillstadtNational Builders Bank of ChicagoThe Peoples National Bank of McLeansboro.-American National Bank and Trust Company
of ChicagoThe Peoples National Bank of St. Francisville,The Citizens National Bank of Chicago
HeightsThe Illinois National Bank of Springfield
The First National Bank of Brighton
The Streator National Bank, Streator
The First National Bank of Sandoval
The Third National Bank of Rockford
The City National Bank of Harrisburg
The Citizens National Bank of Paris
The First National Bank of Dundee
The First National Bank of Oblong
The Batavia National Bank, Batavia
The First National Bank of Cobden
The First National Bank of BenldFirst National Bank in Carbondale __
The Citizens National Bank of Toluca
The First National Bank of Waterloo
The First National Bank of GibsonThe First National Bank of Danville._._The Farmers National Bank of KnoxvilleFirst National Bank of Pana _The Second National Bank of RobinsonThe First National Bank of Beardstown
Footnotes at end of tableDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
208 KEPORT OF THE COMPTftOLLEB OF THE CTJRREtfCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
11754102572212
1926J315670883190
4934
7948
2100
7375124445756956212028946389275300633496829159206
51737725
46525067111
643347
737571552043377
526789122747
1523842
11671
5756
17
11148J
65099381
2183
ILLINOIS—continued
The First National Bank of Okawville..The First National Bank of Annapolis...The Oakland National Bank, OaklandThe De Witt County National Bank of
Clinton...The First National Bank of MetropolisThe First National Bank of Villa Grove.The Second National Bank of BelvidereThe First National Bank of Carmi
1934Sept. 17Sept. 18Sept. 19
Jsept. 25pt. 27
The First National Bank of EnfieldThe Edgar County National Bank of Paris..
Total (87 banks)
Sept. 29Oct. 1
Oct. 25Oct. 26
$25,000.0010,000.00
1 30,000.002 3 6, 750.00
15,000. 003 15,000.00
25,000.0025,000. 0050,000.0049, 250.00
3 750.001 20,000.002 3 5,000.00
90,000.00
$83. 3380.0060.00
100.00
[125.00
62.5050.0050.00
> 62. 50
25.00100.0060.00
$83. 3380.0060.00100.00
125. 00
62.5050.0050.0062.5025.00
100.0060.00
82, 276, 250.00
INDIANA
The Citizens National Bank of Tell CityOld National Bank in EvansvilleThe Tell City National Bank, Tell CityThe First National Bank of Oakland CityThe First National Bank of Spurgeon.The Farmers National Bank of PrincetonThe Farmers National Bank of WadesvilleThe First National Bank of PetersburgThe Merchants National Bank of South Bend.First-Cannelton National Bank, Cannelton..The First National Bank of WinslowThe First National Bank of Elkhart
1933Apr. 15
d(
The Citizens National Bank of BedfordLincoln National Bank and Trust Company
of Fort WayneThe Seymour National Bank, SeymourThe Rockville National Bank, RockvilleThe First National Bank of MadisonThe First National Bank of MitchellTerre Haute First National Bank Terre Haute.The Citizens National Bank of Tell CityThe First National Bank of BicknellThe Washington National Bank, Washington-First National Bank and Trust Company of
The First National Bank of HuntingburgThe Riddell National Bank of Brazil.The Albion National Bank, AlbionThe First National Bank of Michigan City. . .The First National Bank of DanvilleThe Peoples National Bank and Trust Com'
pany of WashingtonThe First National Bank of ConverseThe Rush County National Bank of RushvilleThe First National Bank of BloomingtonThe Tell City National Bank, Tell CityThe First National Bank of RichmondThe First-Merchants National Bank of Lafay-ette
The City National Bank of AuburnThe Merchants National Bank of Michigan
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOBT OP THE COMPTEOLLEE OF THE OTJEEENCY 209TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
The First National Bank of BatesvilleThe First National Bank of ColumbusThe First National Bank of RochesterThe Citizens National Bank of Crawfordsville.Old National Bank in EvansvilleThe National City Bank of EvansvilleThe American National Bank of Vincennes..-
Iowa-Des Moines National Bank & TrustCompany, Des Moines
Dysart National Bank, DysartThe First National Bank of DenisonThe First National Bank of Missouri Valley. _The First National Bank of Mason CityThe Farmers National Bank of WinfieldThe First National Bank of Sioux CenterThe Live Stock National Bank of Sioux City..The Citizens National Bank of WebbThe Farmers National Bank of AureliaThe First National Bank of WaverlyThe First National Bank of Essex. _
f Central National Bank and Trust Company of\ Des MoinesThe First National Bank of PetersonThe Commercial National Bank of Charles
CityThe Landmands National Bank of Kimball-
tonThe First National Bank of Logan.The Clay County National Bank of Spencer. _The Sheldon National Bank, Sheldon..National Bank and Trust Company of
Chariton _ -The Dyersville National Bank, DyersvilleFirst National Bank in Spirit Lake ..-.
fThe Louisa County National Bank of Colum-\ bus Junction..The Okey-Vernon National Bank of Corning—The First National Bank of KlemmeThe Peoples National Bank of Albia
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
210 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
347553497285
114056817
11300105759773
7195
12694195164943810
10765510144877192
133292758378236018290
4040
791173034981
970858819365
718
8439
6028
136518579
136127030
129618229292717673064
12293
12456409070867891
43566248
Title
KANSAS—continued
The National Bank of PittsburgThe Caney Valley National Bank, CaneyFirst National Bank in Dodge City_The City National Bank of AtchisonFirst National Bank in Mankato -The First National Bank of HugotonThe First National Bank of Medicine Lodge--The First National Bank of DightonThe First National Bank of OverbrookThe Hoisington National Bank, Hoisington___The First National Bank of ParsonsThe El Dorado National Bank, El DoradoThe First National Bank of HortonThe American National Bank of Hutchinson..The National Bank of SenecaThe Home National Bank of Arkansas Ci ty . .The First National Bank of MeadeThe First National Bank in CimarronThe Exchange National Bank of AtchisonThe First National Bank of ManhattanThe First National Bank of Phillipsburg-_ ___The First National Bank of NorcaturThe First National Bank of BurlingameThe Marion National Bank, MarionThe Home National Bank of Eureka _.The Farmers and Merchants National Bank
of El Dorado
Total (35 banks)
KENTUCKY
The Union National Bank of Providence._ ___The Farmers National Bank of SomersetThe American National Bank of Bowling
GreenThe First National Bank and Trust Company
of CovingtonThe Citizens National Bank of Glasgow.._ __
The First-Hardin National Bank of Elizabeth-town -
The New Farmers National Bank of Glasgow.The Georgetown National Bank, Georgetown-Mercer County National Bank of Harrodsburg.The Pikeville National Bank, PikevilleThe Peoples National Bank of PaducahThe First National Bank of Central CityThe First National Bank of GeorgetownThe First National Bank of SpringfieldThe First National Bank of PrincetonThe Third National Bank of AshlandThe Farmers National Bank of ScottsvilleThe State National Bank of FrankfortThe National Bank of Middlesborough . .The Morgan County National Bank of Can-
nel City _ __The First National Bank of GreenvilleThe First National Bank of Latonia. Coving-
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BEPOET OF THE COMPTROLLER OF THE CURRENCY 211
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 193Jy— Continued
Charterno.
1383941549834
4986287
19298261142446
11082311330
62875861498
3941960944592749
13843
4128
463430105445
70641119387998381
7427160
4049
1551
8456
6606
9699
5471
2547
46081434
12590
Title
LOUISIANA
The St. Charles National Bank of NorcoThe First National Bank of Lake CharlesLouisiana National Bank of Baton Rouge
Total (3 banks)
MAINE
First National Granite Bank of AugustaThe Rumford National Bank, RumfordThe First National Bank of BrunswickThe Kezar Falls National Bank, Kezar Falls-The Thomaston National Bank, Thomaston__The First National Bank of DamariscottaThe Medomak National Bank of Waldoboro__The Camden National Bank, CamdenThe First National Bank of Lewiston... _
The Rumford National Bank, RumfordThe Peoples National Bank of FarmingtonFirst National Granite Bank of AugustaThe First National Bank of Bar HarborThe National Bank of GardinerThe First National Bank of Farmington _The First National Bank of HoultonThe First National Bank of Fort Fairfield
The Portland National Bank, Portland
Total (18 banks)MARYLAND
The First National Bank of AberdeenThe First National Bank of Havre de Grace-_The Citizens National Bank of Havre de
Grace .The First National Bank of North EastThe National Bank of PerryvilleThe Woodbine National Bank ,WoodbineThe Second National Bank of TowsonThe First National Bank of WestminsterThe First National Bank of Mount AiryThe Second National Bank of HagerstownThe Washington County National Bank of
Williamsport . _. .The Southern Maryland National Bank of
La PlataThe First National Bank of St. Mary's at
Leonardtown.The Clear Spring National Bank, Clear
Spring.
The First National Bank of Southern Mary-land of Upper Marlboro..
The Denton National Bank, DentonThe First National Bank of GaithersburgThe Easton National Bank of Maryland, Eas-
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
212 REPORX OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1988, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atT
'ercentof divi-dendto bepaid
on thepar
value
61612104771128001085113888844282404
129799651152769749071210277088412031049
205811351939
72647035171907991367
120138310181186811510261
2504125672152
1240572971134.71341111014
10059528
2232
MASSACHUSETTS
The Warren National Bank of PeabodyNorth Adams National Bank, North Adams...The Somerville National Bank, SomervilleThe Methuen National Bank, Methuen _The National Bank of WrenthamThe Peoples National Bank of SouthbridgeThe First National Bank of Gardner.._ ._The First National Bank of EasthamptonThe Peoples National Bank of Marlborough..The Waltham National Bank of Waltham..
First National Bank in MedfordThe Broadway National Bank of ChelseaWebster and Atlas National Bank of Boston...The National City Bank of LynnSpringfield National Bank, SpringfieldNorth Adams National Bank, North Adams..The First National Bank of MarlboroThe First National Bank of GardnerrThe National Mahaiwe Bank of Great Bar-
ringtonThe Powow River National Bank of Ames-
bury --.The Crocker National Bank of Turners FallsThe Mechanics National Bank of Worcester..Holyoke National Bank, Holyoke
of
The Merchants National Bank of SalemThe Park National Bank of Holyoke
/The National Mount Wollaston Bank\ QuincyThe First National Bank of Westfield
/The Merchants National Bank of New Bed-\ fordHampden National Bank and Trust Company
of Westfield...The Central National Bank of LynnThe First National Bank of Northampton
fNorthampton National Bank and Trust Com-\ pany, NorthamptonThe Arlington National Bank, ArlingtonThe Everett National Bank, Everett.
The Brockton National Bank, BrocktonThe Dedham National Bank, DedhamThe Home National Bank of Brockton
- d o — .May 10May 15•__do
June 4June 12June 26
June 27June 28June 29
/The Safe Deposit National Bank of New Bed-1 fordThe Wellesley National Bank, WellesleyThe Braintree National Bank, BraintreeFirst National Bank of WebsterThe Second National Bank of Maiden
/The Milford National Bank and Trust Com-\ pany, Milford—_The Merchants National Bank of Leominster..The Framingham National Bank, Framing-
end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 213TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold at
share
Percentof divi-dendto bepaid
on thepar
value
113054446
908712697
68637676390
4454
173110601354794979000
51999517191
7958
129477307
2006
3560728332243626727388131121513486
2648
9409
1251813297472767321487461412922
12357112121121811668
MICHIGAN
The First National Bank of WakefleldFirst National Trust and Savings Bank of
Port Huron.The Superior National Bank of HancockThe Dart National Bank of Mason
The First National Bank of NorwayThe Houghton National Bank, HoughtonThe First National Bank and Trust Com-
pany of Marquette.The Lumbermen's National Bank of Me-
nominee.The First National Bank of LapeerThe First National Bank of AlphaThe First National Bank of Sault Ste. Marie..The First National Bank of Burr OakThe First National Bank of Alger County, at
Munising.The First National Bank of RocklandThe Gogebic National Bank of Ironwood-The First National Bank and Trust Com-
pany of Kalamazoo.
1933June 6June 30
Sept. 11Dec. 27
1934Jan. 27July 26July 31
Aug. 7
Aug. 23Aug. 30Sept. 6Sept. 7Sept. 11
Sept. 17Sept. 18Oct. 16
3 $50,000.00i 500,000. 00
2 3 400,000.00100,000. 0012, 500. 00
25,000.00200,000.00250,000.00
50,000.00
72, 960.003 2,040.0020,000.00
f 1200,000.001 2 3 75Ì‚ 000.00
30,000.0050, 000.00
12, 500. 0050,000. 00
500, 000. 00
$100.0050. 0050.00
100. 00100. 00
100. 0062.50
125.00
10.00
• 60. 00
40.0050.00
100. 00125. 00125. 00
25.0050.00
100. 00
Total (16 banks). 2,600,000.00
MINNESOTA
The First National Bank of CarltonThe American National Bank of Saint Paul-First National Bank of Hopkins
The First National Bank of Moose LakeThe Goodhue County National Bank of Red
Wing.Northwestern National Bank and Trust Com-
pany of Minneapolis.The First National Bank of Albert LeaThe First National Bank of WatervilleThe First National Bank of WinonaFirst and American National Bank of Duluth.The First National Bank of Belle PlaineThe First National Bank of AppletonThe First National Bank of MontgomeryThe Northwestern National Bank of Litch-
field.Fergus Falls National Bank and Trust Com-
pany, Fergus Falls.Midland National Bank and Trust Company
of Minneapolis.Security National Bank of Hopkins -First National Bank in MoorheadThe National Citizens Bank of Mankato.Stock Yards National Bank of South St. PaulThe First National Bank of Red WingThe First National Bank of MarshallThe Empire National Bank and Trust Com-
pany of St. Paul.First National Bank in Two Harbors --.The Hastings National Bank, HastingsThe First National Bank of Jordan.
1933Apr. 26May 11Dec. 16
1934Jan. 4Feb. 3
Mar. 8
Mar. 12..doMar. 13..do..do
..do
..do.....
Mar. 14
..do.....
.do..
The Security National Bank and Trust Com-pany of Faribault.
. . d o . . . . .Mar . 15. . d oMar . 19. . d o . . . .Mar . 20
Mar . 21Mar . 24Mar . 27Mar . 28
s 30,000.00f 1,000,000.00V> 1,000,000. 00
40,000. 00
25, 000.00100,000.00
5,000,000. 00
200,000.005,000. 00
350, 000. 001, 500,000.00
5,000.0010, 000.005,000. 00
50,000. 00
25,000.00
500, 000.0025,000.0025, 000.00
250, 000. 00250,000.0050,000. 0050, 000. 00
250,000.00
25,000. 0030, 000. 0025,000.00
100,000. 00
$200. 0050.0050.00
100.00100. 00
100.0062.50
125. 00
10.00
60.00
40.0050.00
100. 00125. 00125. 00
25.0050.00
100. 00
100. 00
100. 00
100. 00
100.00100. 00
100. 00
100.00100. 00100. 0025.00
100. 00100. 00100. 00100. 00
100.00
100. 00
100. 00100.00100. 00100.00100. 00100. 00100. 00
100.00100. 00100. 00100.00
100. 00
100.00
100.00
100. 00100. 00
100. 00
100. 00100.00100.0025.00
100.00100. 00100.00100.00
100. 00
100.00
100. 00100. 00100. 00100. 00100. 00100. 00100. 00
100. 00100. 00100. 00100.00
Footnotes at end of106093—35Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
214 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
The First National Bank of SandstoneThe Worthington National Bank, Worthing-
ton.The First National Bank of New PragueThe First National Bank of Cass LakeThe First National Bank of CrookstonThe First National Bank of CaledoniaThe First National Bank of Pine CityThe American National Bank of Nashwauk...The Third Northwestern National Bank of
Minneapolis.The Fourth Northwestern National Bank of
Minneapolis.The First National Bank of HarmonyThe National Citizens Bank of CanbyThe First National Bank of Le Center _._The Northwestern National Bank of Dawson.The First National Bank of HermonThe First National Bank of Elmore.The First National Bank of Saint PeterThe First National Bank of StaplesThe Miners National Bank of EvelethThe First National Bank of GilbertThe Marquette National Bank of Minne-
apolisThe Central National Bank of Minneapolis. _The First National Bank of Elbow LakeThe First National Bank of Osakis.—The First National Bank of Barnum
The Duluth National Bank, DuluthThe First National Bank of BrahamThe Union National Bank of RochesterThe First National Bank of CokatoThe Hancock National Bank, HancockThe First National Bank of MapletonBecker County National Bank of Detroit Lakes.The American National Bank of St. CloudThe Fairmont National Bank, FairmontThe First National Bank of BemidjiThe First National Bank of Plain viewThe First National Bank of MenahgaThe First National Bank of HawleyThe Midway National Bank of St. PaulThe Blue Earth Valley National Bank of Win-
nebagoThe First National Bank of Waseca
1934Mar. 29
—do—..
Apr. 4Apr. 7Apr. 10
do....do.....Apr. 18Apr. 26
Apr. 27
May 3May 5May 8May 9May 21May 23May 28..do
. do
...doJune 8June 12...do—do. . . .
July 6July 17July 18July
JulyJuly
doJulyJuly
Aug.
Aug.
21
2427
2830
1
3
The First National Bank of BagleyThe First National Bank of KeewatinFirst National Bank of Mankato.The Farmers and Merchants National Bank of
MinneotaThe First National Bank of HalstadThe First National Bank of Le RoyWestern National Bank of Duluth._ _.The First National Bank of BaudetteThe First National Bank of Grand RapidsThe First National Bank of Buhl
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 215
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
First-Columbus National Bank, Columbus...First National Bank of Hattiesburg...The First National Bank of McComb City. . .The First National Bank & Trust Company
of VicksburgThe Pascagoula National Bank of Moss PointThe Citizens National Bank of MeridianThe First National Bank of BiloxiThe Commercial National Bank and Trust
Company of LaurelFirst National Bank in Meridian
1934Jan. 31Apr. 3June 16
June 30July 12July 30Aug. 7
Aug. 21Sept. 10
Total (9 banks).
The First National Bank of ClaytonThe Citizens National Bank of Maplewood..
The Exchange National Bank of Jefferson City.The Union National Bank of SpringfieldThe First National Bank of SalemThe First National Bank of CainesvilleThe First National Bank of GallatinThe First National Bank of CentraliaThe Third National Bank of SedaliaFirst National Bank in St. LouisThe Boatmen's National Bank of St. Louis. _.The Security National Bank Savings andTrust Company of St. Louis
Clayton National Bank, ClaytonThe First National Bank of WellstonThe Marshall National Bank of Union vine. _ _The First National Bank of JasperTraders Gate City National Bank of Kansas
CityThe First National Bank of ClaytonThe National Bank in North Kansas CityThe First National Bank of TarkioFirst National Bank of Joplin
Baker National Bank, BakerThe Continental National Bank of Harlowton.The First National Bank of CircleThe Great Falls National Bank, Great Falls..The First National Bank of Kalispell
(The First National Bank of White Sulphur\ SpringsThe First National Bank of Twin Bridges....The Merchants National Bank of Glendive...The First National Bank of DillonThe First National Bank of RapeljeThe First National Bank of ReserveThe First National Bank of Great FallsFirst National Bank & Trust Company of
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
216 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1938, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1984—Continued
The Omaha National Bank, Omaha.The First National Bank of Omaha..
The First National Bank of AlbionThe First National Bank of ValentineThe First National Bank of Falls CityThe First National Bank of CambridgeThe American National Bank of SidneyFirst National Bank in OrdThe First National Bank of PrimroseThe First National Bank of HooperThe First National Bank of Newman Grove..The First National Bank of BayardThe First National Bank of StromsburgThe City National Bank of CreteThe Hastings National Bank, HastingsThe Fremont National Bank, FremontStock Yards National Bank of South Omaha,
OmahaThe Continental National Bank of Lincoln. _.The Stephens National Bank of FremontThe First National Bank of FairburyThe Scottsbluff National Bank, Scottsbluff..The United States National Bank of Omaha.The Tilden National Bank, TildenThe First National Bank of TekamahThe Central National Bank of ColumbusThe Farmers National Bank in PilgerThe First National Bank of ButteThe First National Bank of ArcadiaThe First National Bank of David CitySt. Paul National Bank, St. PaulThe First National Bank of Elwood.. _.The Farmers National Bank of MadisonThe First National Bank of BeldenThe First National Bank of GenoaThe First National Bank of Chadron ._The First National Bank of PenderThe First National Bank of Weeping Water.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 217
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
132471310
2240
9001
52152257
107121037612022
224612033
8627
1203739968267
10787
860
11826278
125714072
12014
8394
12903
587
10440130341297711607
7265
6179
12861
13012
12606129781264613120
8497
11658
8323
4147
10248
NEW HAMPSHIRE—continued
The Wilton National Bank, Wilton ._The Indian Head National Bank of Nashua..The Second National Bank of Nashua
/The White Mountain National Bank of Gor-1 ham
Total (11 banks) •_
NEW JERSEY
The First National Bank of Perth AmboyThe Second National Bank and Trust Com-
pany of Red BankThe Citizens National Bank of Bloomsbury-.-The Keansburg National Bank, Keansburg...The Laurel Springs National Bank, Laurel
SpringsThe First National Bank of ClintonThe North Arlington National Bank, North
ArlingtonThe First National Bank and Trust Company
of KearnyThe Ridgefield National Bank, RidgefieldThe Haddonfleld National Bank, Haddonfield-The Peoples National Bank of Hacketstown. -The First National Bank and Trust Company
of Pompton LakesThe First National Bank of Washington
Hudson County National Bank, Jersey City_-The Marine National Bank of WildwoodThe First National Bank of LakehurstThe Paterson National Bank, PatersonThe City National Bank and Trust Company
of HackensackCloster National Bank and Trust Company,
ClosterThe Pennsauken Township National Bank of
North Merchantville(The National Bank of New Jersey, New\ BrunswickThe First National Bank of MinotolaThe Harrison National Bank, HarrisonThe Woodbine National Bank, WoodbineThe Memorial National Bank of Collingswood^The First National Bank of Williamstown
The First National Bank of South River
/The Prospect Park National Bank, Prospect\ ParkThe Northern Valley National Bank of
TenaflyThe Yard ville National Bank, Yard villeThe First National Bank of Stone HarborThe First National Bank of Hamilton Square.The American National Bank of Camden
The First National Bank of Barnegat
Beach Haven National Bank and Trust Com-pany, Beach Haven
fMerchantville National Bank & Trust Com-\ pany, Merchantville
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
218 KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1988, as amended, by the issuance of preferred slock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
928510110126171154311759129421320
13574
3922
4365
5061
926811734
8704
3697866111368
13L36
7223
1262187791222
3501
11446
9597
134642549498
11361
13363
1459329
1291713272331
11620
NEW JERSEY—continued
The Merchants National Bank of Cape May_.The First National Bank of EatontownThe Atco National Bank, AtcoThe Bogota National Bank, Bogota
(Citizens First National Bank and Trust Com-\ pany of RidgewoodThe Manville National Bank, Manville
/The Salem National Bank & Trust Company,\ SalemFirst National Bank in Rockaway
/The City National Bank and Trust Company\ of SalemThe Citizens National Bank and Trust Com-
pany of EnglewoodThe First National Bank and Trust Company
of SummitThe Little Falls National Bank, Little Falls..The First National Bank of BordentownThe Woodstown National Bank & Trust
Company, Woodstown/First National Bank and Trust Company of
Beverly'The Peoples National Bank of New Bruns-
wickThe First National Bank of Millburn
/The Bergenfield National Bank and Trust1 Company, BergenfieldThe First National Bank of Cedar Grove
The Bridgeton National Bank, Bridgeton
The First National Bank of Englishtown
The Oaklyn National Bank, OaklynThe First National Bank of MilfordThe Mechanics National Bank of Burlington..
1934June 26...do......_.QO
June 27[June 28. . . d o -June 29
.__ao
June 30
. . .do—.
. . .do——do—..do-.. .
__doJuly 2
•July 3July 5July 6
- d o — .
July 7
July 10
.-do—.
The Farmers National Bank of Allentown
Audubon National Bank, AudubonThe First National Bank and Trust Company
of Blackwood _The Cumberland National Bank of Bridgeton.The Hopewell National Bank, HopewellThe Farmers and Merchants National Bank of
Bridgeton
July 12
July 17
July 18
July 19
July 25July 26. . .do .—
The Dumont National Bank, DumontAsbury Park National Bank and Trust Com
pany, Asbury ParkThe Union National Bank of FrenchtownThe First National Bank of PatersonThe National Bank of Mantua
/The First-Mechanics National Bank of Tren-\ ton—.The Flemington National Bank and Trust
Company, FlemingtonThe First National Bank and Trust Company
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 219TABLE N O . 17.—National banks for which increase of capital has been authorized,
under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
13203
810
10471
2923
12524
13125
4182
122729612
5387
12830
3878
860
452
77207043
608165978348
9825
8398
108162468
5648893
11742
87941011149889900648251961264
S0856124965605
12550
Title
NEW JERSEY—continued
The Third National Bank & Trust Companyof Camden
The Second National Bank of PatersonThe Clayton National Bank, ClaytonThe Swedesboro National Bank, Swedesboro..The Perth Amboy National Bank, Perth
AmboyThe First National Bank of Marlton
The Central National Bank of FreeholdThe First National Bank of WyckoffThe Citizens National Bank and Trust Com-
pany of Cal dwellThe Penn's Grove National Bank and Trust
Company, Penn's GroveThe First National Bank of Springfield _.
The First National Bank of South Amboy
The First National Bank of WashingtonThe First National Bank of Freehold
Total (90 banks)
NEW MEXICO
The First National Bank of Las CrucesThe First National Bank of Artesia
The First National Bank of Santa RosaThe First National Bank of Belen _ _ __The First National Bank of Elida
Total (5 banks)
NEW YORK
The Yonkers National Bank and Trust Com-pany, Yonkers _ __
The Peekskill National Bank and Trust Com-pany, Peekskill
The First National Bank of LisleThe Briggs National Bank & Trust Company
of ClydeThe First National Bank of CaledoniaSaratoga National Bank of Saratoga SpringsThe Port Leyden National Bank, Port Ley-
denThe First National Bank of IslipThe First National Bank of Newark Valley.._The Citizens National Bank of WellsvilleThe Ticonderoga National Bank, Ticonderoga.The First National Bank of RemsenThe First National Bank of Way landThe National Bank of VernonThe West Chester County National Bank of
PeekskillThe Athens National Bank, AthensThe First National Bank of NarrowsburgThe First National Bank of HermonThe Jamaica National Bank of New York,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
220 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1938, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold at
Percentof divi-dendto bepaid
on thepar
value
5390540710446119274858135678453
135592472
146112574
1040
76782022370
12503
12892
10155255
10235639
1275
6371
696413260
75125928
50684495
1164911891124378789990
10175721
101591363
929
10109
NEW YORK—continued
The First National Bank of Spring ValleyThe First National Bank of FalconerThe First National Bank of HeuveltonThe May brook National Bank, MaybrookThe Citizens National Bank of Port Henry...First National Bank in Highland FallsThe National Chautauqua County Bank of
Jamestown _.First National Bank in MontgomeryThe First National Bank of Salamanca
1933June 1
do.
The National City Bank of New YorkThe Peoples National Bank and Trust Com-
pany of White PlainsThe First National Bank <fe Trust Company of
SaugertiesThe National Bank of Roxbury...The First National Bank of BinghamtonThe Chase National Bank of the City of New
YorkThe First National Bank of Merrick
The Rye National Bank, Rye
Lafayette National Bank of Brooklyn in NewYork....
The Wallkill National Bank, WallkillFirst and Second National Bank and Trust
Company of Oswego _The Bath National Bank, Bath
July 25July 29July 31Aug. 1
Aug. 25Nov. 21Nov. 24
1934Jan. 13
Jan. 20
Feb. 12
Feb. 17
Feb. 27
Mar. 15
Mar. 16
Mar. 17
Mar. 31
Apr. 3
Apr. 4
Niagara County National Bank and TrustCompany, Lockport
The Cambridge Valley National Bank, Cam-bridge
The Irvington National Bank and Trust Com-pany, Irvington
Lackawanna National Bank, LackawannaThe National Safety Bank and Trust Com-
pany of New YorkThe First National Bank of Sharon Springs....The First National B ank of Walcott
Apr. 6
Apr. 12
The First National Bank of Port JeffersonThe First National Bank and Trust Company
of WaltonThe First National Bank of MiltonThe City National Bank of BinghamtonThe National Bank of Andes...The First National Bank of DownsvilleThe Central Valley National Bank, Central
Valley. _ _The First National Bank of Lacona.
Apr. 14
Apr. 30May 1
May 14
May 15
May 22
May 23
May 28.. .do.__.May 31
. . . d o . . - .
The Manufacturers National Bank of Troy...The First National Bank of Silver CreekThe National Bank and Trust Company of
Port Jervis..The National Union Bank of KinderhookThe First National Bank of Central Square.-.
3 $100,000.003 50,000.003 49,000.003 25,000. 00
3 135,000.003 75,000.00
3 625,000. 003 40,000.00
25,000.00
50,000,000.00
200,000.00
100,000.00' i 50,000.00
2 3 50,000.00500,000.00
/46, 222,160. 00\3 3,777,840. 00/ i 50, 000. 00
5 50,000.00f / i 248, 200.00U i s 1,800.00I2 3 275, 000. 00
Footnotes at end of table,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPO&T OF THE COMPTROLLER OP THE CURRENCY 221TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
1312413310
13229
12551
12586
1122
12982378
5299
2376
9305
1094813336
3186
8531134726573681
6198
12449
13006
13105
1178
2471
2755
10923
13143
5936
1047713246
292
1335
2651
4962
9434
11785
14168893951611657
NEW YORK—continued
The Williston National Bank of Williston Park.The Harbor National Bank of Port Washing-
tonThe National Bank of WyomingThe First National Bank of Cutchogue
1934June 19
.do..
The First National Bank of Cairo _..
The Canajoharie National Bank, Canajoharie.The National Bank of Schuylerville—The Nyack National Bank and Trust Com-
pany, Nyack -.The First National Bank of Holland Patent..
The Exchange National Bank of Olean/City National Bank and Trust Company of
GloversvilleThe Croghan National Bank, CroghanThe Fort Greene National Bank in New York.
The Homer National Bank, Homer
[The St. Lawrence County National Bank of\ CantonThe National Bank of CohoesThe Watertown National Bank, Watertown..The First National Bank of Edmeston
fStaten Island National Bank & Trust Com-\ pany of New York/The First National Bank & Trust Companyk of Floral ParkThe Stewart National Bank of Livonia
College Point National Bank of New York/Citizens National Bank and Trust Company\ of Fulton/The Peoples-First National Bank of Hoosick1 FallsThe Union National Bank of Franklinville
/The First National Bank and Trust Company\ of WaldenThe First National Bank of Glen CoveThe First National Bank and Trust Company
of NorthportThe First National Bank of Sparkill.._The First National Bank of Bolivar
/The First National Bank and Trust Company. of Baldwinsville
The Farmers National Bank of Amsterdam...
The First National Bank of Richfield Springs.
The Schenevus National Bank, Schenevus—
The Farmers National Bank of Deposit
The First National Bank of New Hartford....
Genesee River National Bank of Mt. Morris..The First National Bank of ChateaugayThe Unadilla National Bank, UnadillaThe Hartwick National Bank, Hartwick
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
222 REPORT OF THE COMPTROLLER OF THE
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
The Mohawk National Bank of Schenectady..The Pittsford National Bank, Pittsford
("The Bensonhurst National Bank of BrooklynI in New YorkThe National Bank of HobartThe National Bank of FredoniaThe Hamlin National Bank of HolcombThe National Mohawk River Bank of Fonda.
/The Roslyn National Bank & Trust Com-\ pany, RoslynThe First National Exchange Bank of Clayton-Glen National Bank of WatkinsThe Central National Bank of New Rochelle..
/The Franklin Square National Bank, Frank-\ lin Square..T h ~ •he Putnam County National Bank of CarmelThe Delaware National Bank of DelhiThe Lake Shore National Bank of Dunkirk...
/The Peoples National Bank and Trust Com-pany of Lynbrook
The First National Bank of SherrillThe National Bank of Auburn
/The Canandaigua National Bank and TrustCompany, Canandaigua
The Endicott National Bank, Endicott
44979019
10046
1212
13326
51089977
12548
12997
976
1323
2916
11603
12884
1345
3817
13004
7679109643696
8920
8834
3166
9219
7774
1312126025360
101855178
2661
2233
2543
282713314
Footnotes at end of table.
1934July 9
—do.—.
fJuly 10July 11...doJuly 16July 17
•--doJuly 19July 20July 24
July 26July 27
...do— d o —}-do
...doJuly 31k.do
...do
The First National Bank of Whitney Point..-The First National Bank of Old ForgeThe First National Bank of CantonThe Citizens National Bank and Trust Com-
L pany of OneontaThe First National Bank of Marlboro
The National Bank of WestfieldThe Peoples National Bank of Brooklyn in
New York
Aug. 2..doAug. 3
-_do
Aug. 4
Aug. 10
• - d o —
The Otselic Valley National Bank of South. Otselic
The Mahopac National Bank, MahopacThe National Bank of StamfordNational Bank and Trust Company of Skane-The First National Bank of SouthamptonThe First National Bank of Addison
JAug. 13
Aug. 16Aug. 20
_do_.
The Millerton National Bank, Millerton
The Merchants National Bank of Whitehall. _
The First National Bank of BainbridgeSecond National Bank and Trust Company of. CortlandNanuet National Bank, Nanuet.
Aug. 21Aug. 25
Aug. 28
Aug. 29
Aug. 30
Aug. 31
. . d o . . . . .
$300,000.00i 25,000.00
2 3 25,000.0084,000.00
3 16,000.0025,000.0050,000.00
i 50,000.002 3 10,000.00
100,000.00i 50,000.00
a 3 10,000.00100,000. 003 50,000.00
1 150,000.002 3 100,000.00
i 50,000.002 3 50,000.00
50,000.001 100,000.00
2 3 40,000.00175,000. 00
i 75,000.002 3 75,000.00
i 25,000.00I 2 3 25,000.00
300,000.00i 150,000.003 150,000. 00
48,460. 003 1, 540.00
1 20,000.002 3 5,000.00
50,000.001 120,000.00
I 2 3 40,000.0059, 500.00
3 40, 500.00i 50,000. 003 35,000.00125,000.00
3 75,000.00261, 200.003 38,800.00i 29, 900.00
i 3 100. 002 3 10,000.00
1 25,000.002 3 35,000.00
50, 000. 00
75, 000. 00100,000.0035,000.00
1 50,000.002 3 50,000.00
i 65,000.002 3 25,000.00
i 50,000.002 3 37, 500.00
102,000. 003 48,000. 00
20,000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OP THE COMPTROLLER OF THE CURRENCY 223
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
NEW YORK—continuedThe Wilber National Bank of Oneonta..
The Tottenville National Bank, Tottenville.
1934Sept. 1
. -do .—.
The First National Bank of Morris
The Silver Creek National Bank, Silver Creek_
The First National Bank of Marathon/The Suffolk County National Bank of River-l headThe Milford National Bank, MilfordThe First National Bank of Marion
The Evans National Bank of Angola..
Sept. 4
Sept. 5
Sept. 11
-_do
The First National Bank of Tully
The Gainesville National Bank, Gainesville—_The First National Bank of HancockIlion National Bank and Trust Company, Ilion
(The First National Bank and Trust Com-1 pany of Massena(The First National Bank and Trust CompanyI of Bay ShoreThe First National Bank of ForestvilleFirst National Bank in Sidney
The First National Bank of HighlandThe First National Bank of CandorThe First National Bank of Hamden
Sept. 13
Sept. 17
.-do—-
__do
Sept. 18
•Sept. 19
__do
The Hayes National Bank of Clinton
The Citizens National Bank of Lancaster
The First National Bank of Middleburgh
The First National Bank of Glens FallsThe Tinker National Bank of East Setauket..
(The West Hempstead National Bank, West1 Hempstead(The Oneida National Bank and Trust Com-l panyofUticaThe National Bank of Cortland
Sept. 22
Sept. 24
Sept. 27
Sept. 28
Oct. 1
Oct. 2
Oct. 3
Oct. 8
—do
The First National Bank of Owego
The National Bank of Lake Ronkonkoma..The Sherburne National Bank, Sherburne
/United National Bank of Long Island in NewI YorkThe First National Bank of Inwood—The Central National Bank of Mineola
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
224 BEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1983, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1984—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
1887
8833
12746
12992
1265
10525
7699
10358
4482129007255
4628
2981677613657
122595055
13636953111229
2377
25853400455213385
642930962580
113781202613398
117127905
NEW YORK—continued
The First National Bank of Olean
The First National Bank of Lindenhurst
The Chappaqua National Bank, Chappaqua
The First National Bank of Ardsley
The National Bank of Watervliet
f The First National Bank & Trust Company of\ Tuckahoe...Glens Falls National Bank and Trust Com-
pany, Glens FallsThe Babylon National Bank & Trust Com-
pany, Babylon[The Merchants and Farmers' National Bank\ of DansvilleThe National Bronx Bank of New YorkThe Washington County National Bank of
Granville
1934Oct. 19
. . . d o — -
Oct. 20
. . .do . . . . .
Oct. 23
..do—
•Oct. 24
. . . d o — - .
-Oct. 29
. . . d o
Oct. 31
1 $300,000.002 3 100,000.00
i 75,000. 002 3 25,000. 00
i 17, 500.002 3 17, 500. 00
i 25,000. 002 3 10, 000. 001 150,000.00
2 3 40, 000.00f i 198,460. 00t i 3 1, 540. 002 3100, 000.00
350,000. 003 50, 000. 00
50, 000. 001 150, 000. 002 3 15.000. 00
400,000.00
150, 000.00
$100. 00100. 0037.5050.009.00
12.5050.0050.0050.0050.00
• 4.00
5.00
•100.00
100. 0060.00
100. 0019.00
75.00
$100.00100.0037.5050.009.00
12.5050.0050.0050.0050.00
4.00
5.00
100. 00
100. 0060.00
100. 0019.00
75.00
Total (183 banks)
NORTH CAROLINA
The First & Citizens National Bank of Elizabeth City
The First National Bank of SalisburyThe First National Bank of ShelbyThe Depositors National Bank of Durham
The First National Bank of LeaksvilleThe Charlotte National Bank, Charlotte..The Citizens National Bank of Durham __First National Bank in HendersonThe First National Bank of Mooresville.-First National Bank of Reidsville
Total (10 banks)
NORTH DAKOTA
The First National Bank and Trust Companyof Fargo
The First National Bank of Mandan __First National Bank of HillsboroThe Citizens National Bank of WahpetonThe American National Bank and Trust
Company of Valley CityFirst National Bank in Minot _.The Graf ton National Bank, Graf tonThe James River National Bank and Trust
Company of JamestownThe First National Bank of Napoleon .The Dakota National Bank of FargoThe Dakota National Bank & Trust Company
of Bismarck..The First National Bank of WiltonThe Farmers and Merchants National Bank of
Hatton.—The First National Bank of Thompson11599
Footnotes at end of table.
1933
Apr. 1June 14June 26Dec. 30
1934June 18June 29Aug. 27..doSept. 7Sept. 13
1934
Mar. 13_.do
Mar. 15
Mar. 19Mar. 26
Mar. 27May 1
...do
May 8May 29
June 30...do
122,752,500.00
3 115,000.003 25,000.00250,000.00200,000.00
10,000.00250,000.00i 40,000.00
2 3 10,000.0050,000.0050,000.0050,000.00
100.0010.00
100.0010.00
50.0050.0075.00
100. 0050.0075.0050.00
100.0015.00100.0010.00
50.0050.0075.00100.0050.0075.0050.00
1,050,000.00
600,000.00200,000.00100,000.0050,000.00
50,000.00200,000.0050,000.00
150,000.0020,000.00150,000.00
25,000.0010,000.00
15,000.0015,000. 00
100.00100.00100.00100.00
100.00100.00100.00
100.00100.0080.00
100.0080.00
100.0075.00
100.00100.00100.00100.00
100.00100.00100.00
100.00100.0080.00
100.0080.00
100.0075.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OP THE COMPTROLLER OP THE CURRENCY 225
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of Iness Oct. 31, 1934—Continued
Char-terno.
1287563989590133241334424348976
4197153234786
484210373829
5690
76397744582836562492036
35057596
9518
36
43183721542711275331510692
2500
7745973921170012160
12347198935653507235115732479
Title
NORTH DAKOTA—continued
The National Bank in WahpetonThe First National Bank of Ellendale..The First National Bank of LintonFirst National Bank of Valley CityThe National Bank of JamestownThe First National Bank of Bismarck..The First National Bank of Bowman..
Total (21 banks) -
The First National Bank of GalionThe First National Bank of Batavia...The Milford National Bank, Milford—The National City Bank of Cleveland.
The Old Phoenix National Bank of Medina-.The Central National Bank of London
Date
1934June 30July 11July 25Aug. 27Aug. 30Sept. 6
The Second National Bank of HamiltonThe First National Bank and Trust Company
,. of HamiltonThe First National Bank of Upper Sandusky.The First National Bank of BaltimoreThe Athens National Bank, AthensThe First National Bank of Wadsworth....The First National Bank of WilmingtonThe First National Bank of BurtonThe Vinton County National Bank of
McArthurThe Kenton National Bank, KentonThe First National Bank of UticaThe Farmers National Bank of Seven Mile...
f The First National Bank and Trust Company\ of FindlayCentral United National Bank of Cleveland-Alliance First National Bank, AllianceThe City National Bank of TiffinThe Citizens National Bank of NorwalkThe Tiffin National Bank, TiffinThe Brown County National Bank of Mt.
OrabThe First Commercial National Bank of
Kenton
1933May 17May 18May 22July 21
1934Jan. 4Feb. 19Mar. 6
[Mar. 9Mar. 12Mar. 13Mar. 14Mar. 17Mar. 31Apr. 10
May 11May 18May 24
May 29
j-June 13
...doJune 22June 23
...doJune 25June 29
The Huntington National Bank of ColumbusThe Farmers National Bank of SalemThe First National Bank of New ParisThe First National Bank of Greenwich
{The National Exchange Bank and Trust\ Company of SteubenvilleThe First National Bank of Rocky RiverThe Quaker City National Bank, Quaker City.The First National Bank of WellstonThe Second National Bank of RavennaThe First National Bank of AmesvilleThe Citizens National Bank of Bluffton.—The Second National Bank of Warren
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
226 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char'terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold at
share
Percentof divi-dendto bepaid
on thepar
value
120082604
5828
11831
5634
2034
5100
1788
6524842
6322
8228911
13198
2350
2678
12591121555206110521209363061208110209
4385
723812074121584862
1348012302
12157
7892
5911988810020
120161105252525171
10566
OHIO—continued
The Community National Bank of Flushing-.The Winters National Bank and Trust Com-
pany of DaytonThe First National Bank of Wadsworth
• The National City Bank and Trust Company\ of MarionThe Citizens National Bank of ChillicotheThe First National Bank of Garrettsville .The Franklin National Bank, Franklin
/The Merchants National Bank and TrustCompany of Dayton
The Kent National Bank, KentThe Old Phoenix National Bank of Medina-..The First National Bank of NorwoodThe First National Bank of HarrisonThe First National Bank of BarnesvilleThe National Bank of Adams County of
West UnionThe Mahoning National Bank of Youngstown-
(The Third National Bank and Trust Com-1 pany of Dayton
1934Sept. 1
Sept.Sept.
Sept.Sept.Oct.__do.
Oct. 2Oct.Oct.
Oct. 12Oct.Oct.
...do.Oct.
}0ct.
Fotal (54 banks).
The Liberty National Bank of Oklahoma City.
The First National Bank in AdaAltus National Bank, AltusThe First National Bank of StillwaterThe First National Bank of TiptonThe Farmers National Bank of Elk CityThe First National Bank of StroudThe Helena National Bank, HelenaThe Farmers and Merchants National Bank of
Hennessey.The First National Bank and Trust Company
of Muskogee.The Liberty National Bank of Weatherford__.The State National Bank of WeleetkaThe Central National Bank of PoteauThe First National Bank and Trust Com-
pany of Oklahoma City.The Fourth National Bank of TulsaCordell National Bank, CordellCity National Bank in Norman
/The Pauls Valley National Bank, Pauls\ Valley.The First National Bank of Cleveland ..The First National Bank of HeavenerThe First National Bank of Geary
/The Fidelity National Bank of OklahomaI City.The First National Bank of TiptonThe First National Bank of MiamiThe First National Bank and Trust Com-
pany of Tulsa.The First National Bank of Hooker.__
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 227
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
valus
43019423
11801
7167111218955
103457475
803685568554
7272
10071
99173399
44816741519653513808520
9600311
13197664
1293412063
175131603829
r 314416887
9706
' 502516483flO53t'491311834122612581578458189511
6453
77
108399026
5968
2136501
First National Bank of CorvallisThe Douglas National Bank of RoseburgThe American National Bank of Klamath
Falls.The First National Bank of Klamath Falls....The Commercial National Bank of Lakeview.The Roseburg National Bank, RoseburgThe United States National Bank of Eugene..The First National Bank of Coos Bay at
Marshfield.The First National Bank of Forest GroveThe First National Bank of Oregon C ;tyThe Forest Grove National Bank, Forest
Grove.The First National Bank of Hood River
1934Mar. 28Apr. 5...do
The First National Bank of MonmouthThe Commercial National Bank of Hillsboro_The First National Bank of McMinnville
Apr. 24May 15May 28June 26July 13
July 18Aug. 18Aug. 30
Sept. 5
Sept. 7Sept. 17Oct. 15
Total (15 banks).
PENNSYLVANIA
The Second National Bank of Connellsville---The First National Bank of GarrettThe First National Bank of MilfordThe Peoples National Bank of TarentumThe Mountville National Bank, Mountville.The First National Bank of WarrenThe First National Bank of JessupThe First National Bank of GettysburgThe Union National Bank of Jersey Shore. __The First National Bank of CarbondaleThe Union National Bank of CarnegieThe First National Bank of WindsorThe First National Bank of WilliamsportThe Glen Lyon National Bank, Glen Lyon._The First National Bank of Homestead
The City National Bank of SusquehannaThe First National Bank of CoalportThe Central National Bank and Trust Com-
pany of York _.The First National Bank of KaneThe First National Bank of Slippery Rock....The First National Bank of SusquehannaThe First National Bank of New Kensington.The First National Bank of VolantThe Peoples National Bank of State College _.The Peoples National Bank of NorristownThe First National Bank of CarmichaelsThe First National Bank of BarnesboroThe Farmers National Bank & Trust Com-
pany of MillheimThe First National Bank of EtnaThe First National Bank of Scranton
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
228 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold at>ertare
Percentof divi-dendto bepaid
on thepar
value
37663480
247
55748450282811512622061746531
9202793111505
970212967
7181
544
46987356136186465
1676
2334
473095088493
930712098250510811230844224513
8421
94611318013205
13003
735374489128
12563
11981
12192
13032
683
7139
10666
PENNSYLVANIA—continued
The Bryn Mawr National Bank, Bryn Mawr.The Citizens National Bank of MuncyThe First National Bank of AltoonaThe First National Bank of AshleyThe First National Bank of MontgomeryThe First National Bank of Lilly _.The Braddock National Bank, BraddockThe Dauphin National Bank, DauphinThe First National Bank of EverettThe Carnegie National Bank, CarnegieCitizens National Bank and Trust Company
of LehightonThe First National Bank of RiegelsvilleThe Danielsville National Bank, Danielsville-.The Marcus Hook National Bank, Marcus
Hook _._.The First National Bank of Lawrenceville...The Dale National Bank, Dale .
The First National Bank of Spangler/The Kensington National Bank of Phila-
delphiaThe First National Bank of IrwinThe First National Bank of BellwoodFirst National Bank in MansfieldThe Merchants National Bank of QuakertownThe First National Bank and Trust Company
of DallastownThe First National Bank of Honeybrook
The Farmers National Bank of PennsburgThe First National Bank of DuquesneThe First National Bank of RalstonThe First National Bank of Mount Holly
Springs _ _.The Farmers National Bank of ClaysvilleThe Moxham National Bank of Johnstown...The First National Bank of CantonThe Path Valley National Bank of Dry Run...The First National Bank of LehightonThe First National Bank of Girardville _.The Merchants National Bank of BangorThe Blue Ball National Bank, Blue BallThe Maytown National Bank, May townCity National Bank of PhiladelphiaThe Beech Creek National Bank, Beech
Creek _/The Tioga National Bank and Trust Com-\ pany of Philadelphia _.The First National Bank of MarysvilleThe Catawissa National Bank, CatawissaFirst National Bank of Castle ShannonThe First National Bank of Nuremberg
The Valley National Bank of NumidiaThe First National Bank of Centre Hall,
Center Hall_._The Erie National Bank of Philadelphia
/The Lancaster County National Bank, Lan-\ caster _ _.
June 9
June 13—do. . . .June 14June 15June 16
June 18June 19
.. .do--. .June 27
June 28do
...doJune 29—do. . . .June 30—do...do
..do..- d o . . . .. .do.. . .
.do.....}july 2July 3..do.do-..do-
July 5
_do-,-do-
The Emaus National Bank, EmausThe First National Bank of Schellsburg
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 229
TABLE N O . 17.—National banks for which increase of capital has been authorized,under apt Mar. 9, 1988, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1984—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofshares
Sold atper
share
Percentof divi-dendto bepaid
on thepar
value
12159
9312
7710
5578
112632483
10042
7856
832958336158
9139
4330
64111946
120298494
8653
9402
13133491750696162
11967
7430
11127
611
6615
667
13585
10183
986210246
5044
7363
123805034
32513177
12526
PENNSYLVANIA—continued
The Nescopeck National Bank, Nescopeck
The First National Bank of LandisvilleThe Pen Argyl National Bank, Pen Argyl
'Monroe County National Bank of EastStroudsburg
The First National Bank of AlexandriaThe Watsontown National Bank, Watson-
town
1934July 7
July 9July 10July 14__do
The First National Bank of East Smithfield..
The First National Bank of York SpringsThe Bridgeport National Bank, Bridgeport...The Citizens National Bank of Meyersdale...The First National Bank of JermynThe National Bank of Arendtsville --.
/The North Wales National Bank, North{ WalesThe First National Bank of Mount Union....Third National Bank and Trust Company of
ScrantonThe First National Bank of JeromeThe First National Bank of AvocaThe Farmers National Bank of Selinsgrove.—.
The First National Bank of Bally.The Dublin National Bank, Dublin. _The First National Bank of NewportThe Coraopolis National Bank, CoraopolisThe Berwick National Bank, BerwickThe Central City National Bank, Central
CityThe Curwensville National Bank, Curwens-
villeThe Farmers' National Bank of Liberty
The Gettysburg National Bank, Gettysburg-.
The Hoblitzell National Bank of Hyndman..The First National Bank and Trust Com-
pany of Mount JoyThe Lehigh National Bank of Catasauqua
/The National Bank of Charleroi and Trust\ Company, CharleroiThe First National Bank of Three SpringsPeoples National Bank of EdwardsvilleThe Farmers National Bank of RomeThe First National Bank of Grove CityThe Parnassus National Bank, New Ken-
sington.
July 16..do-—July 17July 18July 19July 20
—do—..
July 23July 26
July 27July 30July 31Aug. 1
Aug. 2Aug. 3Aug. 4
do....do.....
...do..-.Aug. 6Aug. 7
Aug. 8
...do.—
The Camp Hill National Bank, Camp Hill—The Second National Bank of Uniontown
Aug....do
}__do
Aug. 13
Aug. 14Aug. 21
Aug. 22
Aug. 23do.
1 $35,000.002 3 25,000.00
i 25,000.002 3 25,000.00
50,000.00148, 785.003 1, 215. 0025,000.00
3 30,000.00i 25,000.00
2 3 10,000.0024,700.00
3 300.0075,000.0050,000.0075,000.00
i 17,500.002 3 17,500.00
43,000.003 7,000.0025,000.00
300,000.003 25,000.00
50,000.0036,600.003 3,400.0047,200.003 2,800.00
310,000.0050,000.00
3 50,000.003 50,000.00
315,000.00
30,000.0022,200.003 2,800.00
1 100,000.0012 3 ioo, 000.00
14, 500.003 500.00
3 50,000.00/ 48,260.00
3 1, 740. 00200,000.00
\ 2 3100,000.00
The First National Bank of Danville...The First National Bank of Exeter..The Cheltenham National Bank, Cheltenham.
870 The Marine National Bank of Erie11015 The Solebury National Bank of New Hope__9528 The First National Bank of Laporte
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
230 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
5573
482360517642
108398498
12349
312
8591
2253
612712
311694259209330
2667
610812921
1546
1007
1546
2044
884110592
23912980
78853237
1346713483
1351746312935
6990128726256
1346013407
Title
PENNSYLVANIA—continued
The First National Bank of ShickshinnyThe National Bank of Corry . . _The Citizens National Bank of SlatingtonThe First National Bank of OakmontThe Ambridge National Bank, AmbridgeThe Wellsville National Bank, WellsvilleThe First National Bank of MocanaquaThe First National Bank of Media—The Grange National Bank of McKean
County at Smethport -The Hatboro National Bank, HatboroThe National Kittanning Bank, Kittanning...The First National Bank of ErieThe First National Bank of GettysburgNational-Dime Bank of ShamokinThe First National Bank of Fredericktown. _ _The First National Bank of MercersburgThe Sellersville National Bank, Sellersville.The First National Bank of WeatherlyThe First National Bank of Kingston
Total (148 banks)
RHODE ISLAND
The Aquidneck National Exchange Bankand Savings Company of Newport
The Mechanics National of ProvidenceThe Aquidneck National Exchange Bank
and Savings Company of Newport
Total (3 banks) .
SOUTH CAROLINA
The South Carolina National Bank of Charles-ton
SOUTH DAKOTA
The National Bank of HuronSecurity National Bank and Trust Company
of Sioux FallsThe First National Bank of DeadwoodFirst National Bank and Trust Company of
AberdeenThe First National Bank of GrotonThe First National Bank of Rapid CityFirst National Bank in MobridgeThe First National Bank and Trust Com-
pany of ChamberlainThe Northwestern National Bank of Madison.The First National Bank of LeadThe First Citizens National Bank of Water-
town.The Commercial National Bank of SturgisNew First National Bank in Dell RapidsThe Redfield National Bank, RedfieldFirst National Bank in BrittonThe Farmers & Merchants National Bank in
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 231
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
The First National Bank of PhilipThe Mitchell National Bank, MitchellThe First National Bank of PukwanaThe First National Bank and Trust Com-
pany in Sioux Falls —The First National Bank of HeclaThe First National Bank of BeresfordThe First Dakota National Bank and Trust
Company of YanktonThe First National Bank of VolgaThe First National Bank of MidlandThe Onida National Bank, OnidaThe First National Bank of EthanThe First National Bank of Sherman
1934Apr. 3Apr. 7May 28
June 1June 12
June 26June 30Sept. 11Sept. 15Sept. 25Oct. 16
Total (28 banks).
The American National Bank of NashvilleThe First National Bank in Bristol
Erwin National Bank, ErwinFirst National Bank of ShelbyvilleThe Second National Bank of JacksonThe First National Bank of LindenThe First National Bank of GreenevilleThe Traders National Bank of TullahomaThe Cleveland National Bank, ClevelandThe First National Bank of PetersburgThe First National Bank of JacksonThe Hamilton National Bank of Johnson City.First-Citizens National Bank of Dyersburg...The First National Bank of CookevilleThe First National Bank of DicksonThe Citizens National Bank of AthensThe First National Bank of KingsportThe First National Bank of Mount Pleasant-.
City National Bank in Wichita FallsThe First National Bank of Paris.__Mercantile National Bank at Dallas..Republic National Bank and Trust Company
of DallasThe Texarkana National Bank, Texarkana...The First National Bank of Fort WorthThe Fort Worth National Bank, Fort Worth.The Merchants and Planters National Bank
of Sherman
1933Apr. 6May 6Aug. 16
Dec. 26Dec. 29Dec. 30. . .do-—
..do
The National Bank of Commerce of Houston.The First National Bank of San MarcosThe Denton County National Bank of Denton.The First National Bank of Mesquite...The First National Bank of FloydadaThe Alamo National Bank of San AntonioThe First National Bank of MissionThe First National Bank of Goliad
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
232 REPOBT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
The First National Bank of GalvestonThe Peoples National Bank of LampasasThe First National Bank of BonhamThe American National Bank of TerrellThe Graham National Bank, GrahamThe Laredo National Bank, LaredoThe Menard National Bank, Menard___The First National Bank of Port NechesThe First National Bank of WeslacoFirst National Bank in HoustonThe First National Bank of WacoThe Commercial National Bank of Beeville.-.The First National Bank of JacksboroThe City National Bank of MexiaThe Second National Bank of HoustonThe Citizens National Bank of Tyler _.The First National Bank of LamesaThe Prendergast-Smith National Bank of
MexiaContinental National Bank of Fort WorthThe Lamesa National Bank, LamesaThe First National Bank of Brownfield_The First National Bank of LockneyThe First National Bank of RaymondvilleFirst National Bank in CameronThe First National Bank of HondoThe First National Bank in WellingtonThe First National Bank of EdgewoodThe City National Bank of ColoradoThe Groos National Bank of San AntonioThe First National Bank of Bogata.— __.The First National Bank of La PorteThe United States National Bank of Galveston.The First National Bank of CelesteFirst City National Bank of FloresvilleThe Commercial National Bank of BradyThe First National Bank of JacksonvilleThe First National Bank of TroupeThe First National Bank of ShamrockThe Farmers National Bank of SeymourThe First National Bank of SeymourThe First National Bank of CanadianThe First National Bank of MercedesThe First National Bank of RoxtonThe First National Bank of RotanDel Rio National Bank, Del RioThe Citizens National Bank of HillsboroSan Angelo National Bank of San AngeloThe First National Bank of AmarilloThe First National of Perry tonThe First National Bank in Mount Pleasant.The Citizens National Bank of JasperThe First National Bank of McGregorThe First National Bank of LevellandThe Lufkin National Bank, LufkinThe First National Bank of Poth _.
The Blanco National Bank, Blanco-- —The First National Bank of O'DonnellThe State National Bank of HoustonThe First National Bank in StamfordThe Austin National Bank, AustinThe First National Bank of AnsonThe First National Bank of GranburyThe Strawn National Bank, Strawn
June 28July 2July 3July 6July 9July 12...doJuly 19— d o —July 21July 30Aug. 4Aug. 14
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OF THE COMPTROLLER OF THE CURRENCY 233
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
106347814551312824134023015
9353
45642597
9403
4341
603620596558467010925
17001430
74829501226252
820
1161513015762274122
12539112054477
1635
115541008011957
117659375
Title
TEXAS—continued
The Whitesboro National Bank, Whitesboro.The Jacksboro National Bank, JacksboroThe First National Bank of RosebudThe First National Bank of LittlefieldFirst National Bank in RockwallThe First National Bank of BrenhamHouston National Bank, Houston
Total (86 banks).
The First National Bank of Park City.First National Bank of Ogden
The Continental National Bank and TrustCompany of Salt Lake City
The Utah State National Bank of Salt LakeCity
The First National Bank of Brigham City.—.The First National Bank of Salt Lake City...The First National Bank of MurrayThe First National Bank of LoganThe First National Bank of Moab
Total (9 banks).
The Central National Bank of RutlandVermont-Peoples National Bank of Brattle-
boroThe First National Bank of MontpelierThe Clement National Bank of Rutland.The First National Bank of SpringfieldFirst National Bank of Bristol
The Rutland County National Bank, Rut-land
The Richford National Bank, Richford-The First National Bank of BenningtonThe Caledonia National Bank of DanvilleThe Randolph National Bank, RandolphThe First National Bank of Springfield
Total (12 banks).
The Middleburg National Bank, Middleburg.The Farmers National Bank of Appomattox...The Dominion National Bank of BristolThe Shenandoah Valley National Bank of
Winchester .- .
The First National Bank of YorktownThe Central National Bank of RichmondThe First National Bank of Nelson County at
Lovingston __Farmers and Merchants National Bank and
Trust Company of WinchesterThe First National Bank of Big Stone Gap...The Buchanan National Bank, Buchanan—
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
234 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act. Mar. 9, 1933, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
American National Bank of PortsmouthThe Citizens National Bank of Front Royal _.The Hanover National Bank of AshlandThe First National Bank of Clifton Forge
/National Bank and Trust Company of Char-\ lottesvilleThe First National Bank of Newport News..The Peoples National Bank of LeesburgThe First & Peoples National Bank of Gate
CityThe Seaboard Citizens National Bank of Nor-
folkThe Peoples National Bank of ManassasThe First National Bank of AshlandThe First National Bank of Lexington
Title
Total (22 banks)
WASHINGTON
The Washington National Bank of Vancouver.The University National Bank of SeattleThe Old National Bank and Union Trust
Company of SpokaneThe First National Bank of Okanogan
The First National Bank of WenatcheeThe First National Bank of Walla WallaThe Washington National Bank of EllensburgThe First National Bank of Kent "_The First National Bank of Ferndale.__The First National Bank of IlwacoThe First National Bank of Enumclaw..First National Bank in SpokaneThe First National Bank of Long viewThe First National Bank of LyndenThe First National Bank of ChewelahThe Columbia National Bank of DaytonThe First National Bank of EverettThe First National Bank of KennewickThe First National Bank of Toppenish
Total (19 banks).
WEST VIRGINIA
The Empire National Bank of ClarksburgThe Union National Bank of ClarksburgThe Peoples National Bank of Rowlesburg_..The First National Bank of Williamson
The Charleston National Bank, Charleston _The Flat Top National Bank of BluefieldBoone National Bank of MadisonThe Matewan National Bank, MatewanThe First National Bank of Bluefield
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BEPORT OF THE COMPTROLLER OF THE CU&RENCY 235TABLE NO. 17.—National banks for which increase of capital has been authorized,
under act Mar. 9, 1988', as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 81, 1934—Continued
Char-terno.
Title DatePreferredincreasecapital
Parvalue
ofSold at
Pei centof divi-dendto bepaid
on thepar
value
5691
10369991397669740
11483
3029
9850
13646
12124
4312
21258444101065047105223125
114121348727251253470876575457
4639
13599873
11783330837241086
3001
3778
10890412319985779
WEST VIRGINIA—continued
The First Clark National Bank of Northfork-The Montgomery National Bank, Mont-
gomeryThe First National Bank of KeystoneThe First National Bank of KenovaThe First National Bank of RomneyThe Merchants National Bank of Montgom-
eryThe Farmers & Mechanics National Bank of
Williamstown/The South Branch Valley National Bank of\ MoorefieldThe Winona National Bank, WinonaThe Central National Bank of Buckhannon...
1934July 18
July 19July 27Aug. 1Aug. 9
Aug. 25
Aug. 29•Sept. 17Oct. 4Oct. 19
$50,000.00
50,000.0025,000.0020,000.0025,000.00
40,000.00
25,000.0011,666. 66
3 13,333.3415,000.0047,900.003 2,100.00
$80.00
80.00125.0050.00100.00
62.50
31.25
• 66. 66
66.66
> 50.00
$80.00
80.00125.0050.00
100.00
62.50
31.25
50.00
Total (19 banks)
WISCONSIN
The First National Bank of Eagle RiverThe First National Bank of Rhinelander
The First National Bank of Chippewa Falls..The First National Bank of GrantsburgThe First National Bank of BaldwinThe National Bank of La CrosseThe First National Bank of Prescott
2,435,000.00
The First National Bank of Lake GenevaThe First National Bank of DodgevilleThe First National Bank of New Richmond.,First National Bank in PhillipsThe Second National Bank of BeloitThe First National Bank of WashburnThe First National Bank of River FallsThe First National Bank of SeymourFirst National Bank and Trust Company of
RacineThe Wood County National Bank of Wiscon-
sin RapidsThe First National Bank in FennimoreThe First National Bank of Elk HornThe Burlington National Bank, Burlington.__The Citizens National Bank of DarlingtonThe First National Bank of MenashaThe Waukesha National Bank, WaukeshaThe First National Bank of Stevens Point
fThe Lumbermen's National Bank of Chip-\ pewa FallsFirst National Bank of BarronThe First National Bank of MarinetteThe First National Bank of Wisconsin Rapids.The First National Bank of Mondovi. . . .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
236 EEPOBT OF THE COMPTEOLLMt OF 0?HE
TABLE N O . 17.—National banks for which increase of capital has been authorized,under act Mar. 9, 1988, as amended, by the issuance of preferred stock which waspurchased by the Reconstruction Finance Corporation unless otherwise noted,together with the amount of increase and the rate of dividend, etc., to close of busi-ness Oct. 31, 1934—Continued
Char-terno.
1069836156850
108105413
54804989
Title
WYOMING
First National Bank of Green River.The Albany National Bank, LaramieThe Casper National Bank, CasperThe First National Bank of GreybullThe Rawlins National Bank, Rawlins
The First National Bank of Kemmerer .- .The First National Bank of Laramie
Total (7 banks)
Total United States (1,458 banks)
Date
1934Feb. 20Mar. 23Apr. 10Apr. 11July 20
Aug. 6Sept. 6
Preferredincreasecapital
$40,000.0050,000.00
r 1100,000.00\ 2 3100,000.00
25,000.00/ 12,500.00\ 3 37,500.00/ i 100,000.00\ a 3100,000.00
50,000.00
615,000.00
422,059,250.00
Parvalue
ofshares
$50.0050.0050.0050.0062.50
[lOO.OO20.0020.0080.00
Sold atper
share
$50.0050.0050.0050.0062.50
100.0020.0020.0080.00
Percentof divi-dendto bepaid
on thepar
value
55
1525
54
1424
4
3 Local.
TABLE NO. 18.- -National banks chartered which are conversions of State banksduring the year ended Oct. 81, 1984
Charterno.
13828
13839138521385913872
13875
13885
13920
13936
13949
1395814000
14023140461408314140
1424614296
Title and location
Mercantile National Bank of MiamiBeach.
The St. Charles National Bank of Norco.Miners National Bank of Wilkes-Barre__The Union National Bank of OxfordThe National Bank & Trust Company of
Sycamore.The National Commercial Bank of Lib-
erty.The Merchants & Miners National Bank
of Oak Hill.The Mansfield Savings Trust National
Bank, Mansfield
The City National Bank and Trust Com-pany of Kansas City.
The Peoples National Bank of LittleRock.
The Union National Bank of Little Rock.The Commercial National Bank of Little
Rock.The Kingston National Bank, Kingston.The National Bank of MonroeSecurity National Bank of Superior _The Neat, Condit and Grout National
Bank of Winchester.Liberty National Bank of Chicago.. _The First National Bank at St. James
Total (18 banks)
State
Fla__.
L a -P a . —N. C._111
M o . . .
W.Va.
Ohio..
M o . . .
Ark . . .
. . .do—— d o -P a . —G a —Nebr..Ill
—do—Minn-
Date ofcharter
1933Nov. 6
Nov. 23Nov. 29Dec. 5Dec. 11
Dec. 15
Dec. 19
Dec. 30
1934Jan. 10
Jan. 20
Jan. 22Feb. 12
Feb. 23Mar. 5Mar. 28May 9
Aug. 10Oct. 31
Authorizedcapital
$100,000
50,0002,500,000
50,000100,000
100,000
100,000
600,000
300,000
200,000
300,000300,000
600,000150,00050,00055,000
300,00050,000
5,905,000
Approxi-mate sur-plus and
undividedprofits
$58,863
28,7986,310,722
31,194101,728
49,048
127,963
764,474
610,166
53,076
113,022105,316
1,528,09690,8994,563
22,631
121,1048,883
10,130,546
Approxi-mate assets
$629,950
324,31730,348,595
461,9331,549,097
712,716
849,825
5,949,420
11,270,405
1,965,298
4,002,5393,443,116
7,672,968556,834185,981482,984
6,164,138481,801
77,051,917
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 19.—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the yearended Oct. 31, 1934
Location
MaineNew HampshireVermontMassachusettsRhode Island -Connecticut
Total New England States
New York...New JerseyPennsylvania _ . .Maryland _District of Columbia _
9,877, 7931 Includes 1 bank with capital of $200,000 and assets of $747,186 previously reported in voluntary liquidation.2 With preferred capital stock of $50,000.3 Includes 3 banks with capital aggregating $400,000 and assets aggregating $3,060,195 previously reported in voluntary liquidation.4 Includes 1 bank with capital of $100,000 and assets of $586,208 previously reported in voluntary liquidation.«Includes 4 banks with capital aggregating $425,000 and assets aggregating $719,197 previously reported in voluntary liquidation,e Includes 1 bank with capital of $100,000 and assets of a nominal value previously reported in voluntary liquidation.7 Includes 1 bank with preferred capital stock of $25,000.s Includes 1 bank with capital of $200,000 and assets of $616,415 previously reported in voluntary liquidation and 2 banks with capital aggregating $85,000 and assets aggregating
$496,842 restored to solvency, for one of which a receiver was again appointed.
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TABLE NO. 19.'—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the yearended Oct. 31, 1934—Continued OO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
IdahoArizona.
Total Pacific States
Total United States
10
476
775,000
41, 401,800
10
306
775, 000
19, 772, 300
1
15
395
25, 000
1, 300, 000
56, 585, 000
422,142
12, 305, 941
601, 031, 912
3
43
357L...
190,000
3,995,000
45,263,000
2, 202, 942
48,957, 732
435, 263,931
9 Includes 4 banks with capital aggregating $350,000 and assets aggregating $1,831,158 previously reported in voluntary liquidation and 3 banks with capital aggregating $410,000and assets aggregating $2,858,680 restored to solvency.
10 Includes 1 bank with capital of $150,000 and assets of $329,619 previously reported in voluntary liquidation.11 Includes 2 banks with capital aggregating $210,000 and assets aggregating $92,527 previously reported in voluntary liquidation.12 Includes 3 banks with capital aggregating $225,000 and assets aggregating $184,462 previously reported in voluntary liquidation and 1 bank with capital of $150,000 and assets
of $2,263,437 restored to solvency.13 Includes 4 banks with capital aggregating $2,550,000 and assets aggregating $2,115,895 previously reported in voluntary liquidation.u Includes 2 banks with capital aggregating $300,000 and assets aggregating $842,450 previously reported in voluntary liquidation and 1 bank with capital of $25,000 and assets of
$130,313 restored to solvency.15 Includes 1 bank with capital of $50,000 and assets of $94,731 previously reported in voluntary liquidation.16 Includes 2 banks with capital aggregating $105,000 and assets aggregating $207,354 previously reported in voluntary liquidation.17 Includes 4 banks with capital aggregating $725,000 and assets aggregating $2,164,314 previously reported in voluntary liquidation and 1 bank with capital of $50,000 and assets
of $338,698 restored to solvency.18 Includes 1 bank with capital of $30,000 and assets of a nominal value previously reported in voluntary liquidation.19 Includes 2 banks with capital aggregating $125,000 and assets aggregating $172,744 previously reported in voluntary liquidation.20 Includes 1 bank with capital of $100,000 and assets of $39,500 previously reported in voluntary liquidation.21 Includes 1 bank with capital of $25,000 and assets of $92,742 succeeded by a new national bank organized by the F. D. I. C. as provided by the act of June 16, 1933.22 Includes 1 bank with capital of $25,000 and assets of $133,392 restored to solvency.23 Includes 1 bank with capital of $75,000 and assets of a nominal value previously reported in voluntary liquidation.
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240 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 20.—Number and classification of national banks chartered monthlyduring the year ended Oct. 31, 1934
i 289 of these banks had $18,945,000 preferred capital stock.217 of these banks had $827,300 preferred capital stock.3 306 of these banks had $19,772,300 preferred capital stock.
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,classified according to capital stock, Dec. 30, 1983
CAPITAL STOCK OF LESS THAN $50,000
[In thousands of dollars]
LocationNum-ber ofbanks
Loansand dis-counts,includ-ing re-
dis-counts
Invest-ments
Totalassets Capital
Surplus,profits,and re-serves
for con-tingen-
cies
Cir-cula-tionout-
stand-ing
Totaldeposits
COUNTRY BANKS
MaineNew HampshireVermontMassachusettsConnecticut
Total New EnglandStates
New York -.New Jersey - -.PennsylvaniaDelawareMaryland
127 140,607 160,249 404,019 33,275 21,168 23,687 317,227Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
244 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 21.—Principal items of assets and liabilities of licensed national banks,classified according to capital stock, Dec. 30, 1933—Continued
CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000-Contmued
[In thousands of dollars]
Location
COUNTRY BANKS—continued
North DakotaSouth Dakota . .NebraskaKansasMontanaWyoTningColorado. _ ._ _ _New MexicoOklahoma
Total Western States
Washington . _OregonCaliforniaIdahoNevadaArizona. __
Total Pacific States
Total country banks
Total United States
Num-ber ofbanks
442983417
42
24
18112
28
646
703
Loansand dis-counts,includ-ing re-
dis-counts
4,6102,7872,8898,5587,6553,0446,819
9345,720
43,016
1,2552,677
18,0551,152
9881,968
26,095
812,858
897,067
Invest-ments
6,7965,7922,4005,308
18,2152,7516,3911,8079,090
58,550
1,7413,723
18,689899
4,4577,322
36,831
829,953
947,864
Totalassets
15,20411, 4557,027
21,92237,86810,35419,4064,604
24, 111
151,951
4,3379,845
48,5722,7287,307
12,060
84,849
2,115,492
2,404,975
Capital
1,000875400
1,8501,800
8001,000
3001,700
9,725
400800
4,450200200700
6,750
165,866
181,166
Surplus,profits,and re-serves
for con-tingen-
556537354
1,2312,472
50273959
811
7,261
346546
2,786110133244
4,165
143, 211
159,052
Cir-cula-tionout-
stand-ing
550300270765
1,091200875300
1,071
5,422
400547
3,424100198700
5,369
108,050
117, 202
Totaldeposits
13,0089,3645,985
18,06932,4338,846
16, 7723,938
20,488
128,903
3,1887,950
37,4862,3186,741
10,404
68,087
1,668,320
1,916,337
CAPITAL STOCK OF $500,000 BUT LESS THAN $1,000,000
CENTRAL RESERVE CITIES
New York.Chicago
Total central reserve cities.
OTHER RESERVE CITIES
Brooklyn and BronxPhiladelphiaPittsburgh....BaltimoreWashingtonCharlotteSavannahFort WorthGalvestonHouston. ___San AntonioNashville . . .CincinnatiChicagoPeoriaGrand RapidsCedar RapidsKansas City, MoSt. JosephSt. LouisLincoln...OmahaKansas City, KansTopekaDenverPuebloOklahoma CitySpokaneOaklandSalt Lake City _
MarylandDistrict of ColumbiaVirginiaWest VirginiaNorth CarolinaSouth Carolina
Total district no. 5
Numberactive
b a n k s i
244831
1271046
286
11406136
553
4427315
530
159208
648
421
408
121553215
271
Numberreporting
banks
244831
1271046
286
11406136
553
4427315
530
159208
648
421
408
121553215
271
Balances not exceed-ing $2,500
Number
102,035107, 71569, 041
866,15131, 590
222,104
1,398, 636
57,9982,342, 535
797, 655
3,198,188
1, 841, 688310, 010
26, 878
2,178, 576
717,989931,475
27,114151, 297
1, 827,875
155, 409129, 237542, 597275,142123,63653,189
1, 279, 210
Amount
26,14519,92214,860
209, 6278,751
50, 511
329, 816
13, 777494, 369178, 063
686, 209
354, 47851, 5965,101
411,175
138, 457168,828
4,45722, 569
334, 311
40, 57028, 06786, 41831, 57214, 9726,333
207,932
Over $2,500 and notexceeding $5,000
Number
3,1421,7101,461
22, 9891,3284,735
35, 365
1,42151, 07731,096
83, 594
38, 0264,884
647
43,557
15, 23412, 760
5422,120
30, 656
4,8832,9547,8252,429
986462
19, 539
Amount
10, 5875,9055,042
79, 2354,721
16, 460
121, 950
4,904178,16159, 236
242,301
125,32316,8382,256
144,417
52,83444,314
1,8737,398
106,419
17, 09710, 27626, 7298,3243,3361,576
67, 338
Over $5,000 and notexceeding $10,000
Number
1,296733557
10,915665
2,095
16, 261
58426,0727,321
33, 977
15, 7002,108
345
18,153
6,7915,900
229953
13, 873
2,6351,5193,3501,025
482268
9,279
Amount
8,4304,8503,695
74,5604,508
14,052
110,095
3,682178, 38049, 585
231, 647
106,13114,1762,352
122, 659
45,90339,947
1,5566,526
93, 932
17,83310,33822,9476,9493,2381,846
63,151
Over $10,000 and notexceeding $50,000
Number
581426220
8,279400
1,194
11,100
34819,1623,130
22, 640
8,380985127
9,492
4,2024,081
99449
8,831
1,6781,0981,945
574370149
5,814
Amount
10, 5867,6773,773
173, 4077,649
22, 778
225, 870
6,730388,356
61,800
456,886
160, 34817, 3452,138
179,831
81, 33880, 502
2,0677,899
171,806
31, 96721, 54437, 50410, 6426,8912,722
111,270
Over $50,000
Number
687112
2,50167
251
2,970
556,856
330
7,241
1,73013115
1,876
1,224845
930
2,108
3212563069238
125
1,138
Amount
7,5728,998
970469, 721
- 8,43250, 684
546,377
5,7402, 024, 635
53, 777
2, 084,152
351,81631,223
2,013
385, 052
246,046129, 571
6763,071
379, 364
65,13245, 06846, 57814, 8403,5202,703
177, 841
Total
Number
107,122110,65571, 291
910,83534, 050
230, 379
1, 464, 332
60, 4062,445, 702
839,532
3,345, 640
1,905, 524318,11828,012
2, 251,654
745, 440955,06127,993
154,849
1,883,343
164,926135, 064556,023279, 262125,51254,193
1, 314,980
Amount
63,32047,35228, 340
1, 006, 55034,061
154, 485
1, 334,108
34, 8333, 263,901
402, 461
3, 701,195
1, 098, 096131,17813,860
1, 243,134
564,578463,162
10, 62947, 463
1, 085,832
172, 599115,293220,176
72, 32731, 95715,180
627, 532
i Exclusive of 5 nonmember national banks in the territories of Alaska and Hawaii which were also active May 13, 1933.
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TABLE NO. 22.—Number and amount of deposits in licensed national banks at the close of business May 18, 1983, byFederal Reserve districts—Continued
NOTE.—Figures in the foregoing table were obtained pursuant to a resolution adopted by the Committee on Banking and Currency of the United States Senate May 13, 1933,directing the Comptroller to issue by telegraph the necessary call on national banks for the information and to require telegraphic response.
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TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933
DEPOSITS NOT EXCEEDING $2,500
[Amounts in thousands of dollars]
Location
CENTRAL RESERVE CITIES
New YorkChicago - -
Total central reservecities
OTHER RESERVE CITIES
Boston - -Brooklyn and Bronx.BuffaloPhiladephiaPittsburghBaltimoreWashingtonRichmondCharlotteAtlantaSavannahJacksonville - _BirminghamNew OrleansDallasEl Paso - -Fort WorthGalvestonHouston - .
Totals
Numberof depos-
itors
1,083,081869, 272
1,952, 353
297, 59535, 3611,925
215,915233,55250,943
163, 53661,84628,723
199,895124,467107,41966,838
267,731104,90320, 24597,37931,045
161, 988
Amountof de-posits
196, 763157,462
354, 225
86,1148,167
38446, 78338,75118, 70230, 7989,9853,065
20,04813, 3508,8585,584
21,70019,5424,109
10,8865,364
24,428
State, county,and municipal
funds
Num-ber of
deposi-tors
278219
497
813
12591
347239
1175
233
6
Amountof de-posits
114136
250
531
9272
243923
39693
20
United StatesGovernment
deposits
Num-ber of
deposi-tors
1
1
Amountof de-posits
2
31
Postal Savings
Num-ber of
deposi-tors
1
1
Amountof de-posits
1
Deposits ofother banks
Num-ber of
deposi-tors
3,1733,039
6,212
429
422290103338574
142915134
289124158544
117
Amountof de-posits
2,1061,652
3,758
328
4612617953621
130624725
217108197640
110
Certified andcashiers' checksand cash letters
of credit out-standing
Num-ber of
deposi-tors^
122,54044, 035
166, 575
5,85940527
2,83378,586
8585,3491,411
3051,611
663967637
6,2314,4261,0161,741
3023,337
Amountof de-posits
7,0363,570
10,606
1,242892
4781,836
1671747028
110629141
28949010120359
323
Other deposits
Active accounts
Numberof depos-
itors
857,573574, 724
1, 432, 297
275, 22234, 5011,898
187,444135,91543,061
127,86946,40119,841
127, 55171,63466, 78626,662
144, 39775,85615,996
* 76,41121,02595,981
Amountof de-posits
185,204148,330
333, 534
83,4358,027
38244,93636,30418, 32430,1019,7512,990
18,76312,8508,3695,101
20,19718, 5263,904
10, 3725,141
23, 515
Dormant ac-counts 2
Num-ber of
deposi-tors
99,515247,255
346,770
16,004452
25,20418, 7566,912
29,97913,9778,573
70,55752,00739,57639, 505
116,69724,4923,195
19,1399,674
62, 547
Amountof de-posits
2,3033,774
6,077
1,05650
89934812546810246
1,021337326417958412
73231124459
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San AntonioWacoLouisvilleMemphisNashvilleCincinnatiClevelandColumbusIndianapolisChicagoPeoriaDetroitGrand EapidsMilwaukeeMinneapolisSt. PaulCedar RapidsDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesOaklandSan FranciscoOgdenSalt Lake City
Total other reservecities
1 Represents the number of checks and letters of credit outstanding, the amount not exceeding $2,500 each.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
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TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933—Continued
1 Represents the number of checks and letters of credit outstanding, the amount not exceeding $2,500 each.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
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TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933—Continued
DEPOSITS OVER $2,500 BUT NOT EXCEEDING $10,000
[Amounts in thousands of dollars]
Location
CENTRAL RESERVE CITIES
New YorkChicago
Total central reservecities
OTHER RESERVE CITIES
BostonBrooklyn and BronxBuffaloPhiladephiaPittsburghBaltimoreWashingtonRichmondCharlotteAtlantaSavannahJacksonvilleBirminghamNew OrleansDallasEl PasoFort WorthGalvestonHoustonSan Antonio
Totals
Numberof depos-
itors
34,52729,749
64,276
15,98287551
8,4577,8223,2994,8711,650
4122,4791,9601,367
9763,2393,607
6611,8801,0013,8351.679
Amountof de-posits
167,170139,974
307,144
74,8644,025
20941,44436,17117,43022, 3198,8271,999
11, 5339,2386,5494,644
15, 45817, 3733,0859,1484,673
17,8547.432
State, county,and municipal
funds
Num-ber of
deposi-tors
4454
98
464
155221
1314152
16181
229
Amountof de-posits
239281
520
25622
962517135
6967996
868
4110
9144
United StatesGovernment
deposits
Num-ber ofdeposi-
tors
Amountof de-posits
10
8539
11
6
4
Postal Savings
Num-ber of
deposi-tors
Amountof de-posits
5
5
5
Deposits ofother banks
Num-ber of
deposi-tors
1,8121,696
3,508
3494
5213177948649
1551326243
20517919
12962
15575
Amountof de-posits
9,68911,342
21,031
1,97817
3,0261,906
48726940943
904756390243
1,1791,041
97779361927482
Certified andcashiers' checksand cash letters
of credit out-standing
Num-ber of
deposi-tors^
1,264636
1,900
2013
95353524103
145
201121
1116
276
4723
Amountof de-posits
6,8771,419
8,296
99119
34917414611850156720
10845
11457927
11532
247105
Other deposits
Active accounts
Numberof depos-
itors
31,24527,052
58,297
15,31386251
7,7327,4163,1714,7611,575
4002,2451,7981,265
8982,9543,263
6231,722
9263,5991,551
Amountof de-posits
149,581125,489
275,070
71, 2293, 955
20937, 58933,88316,72221, 7668,3631,933
10, 2668,3545,9234,248
13,91815, 4672,8898,2414,248
16, 5296,687
Dormant ac-counts 2
Num-ber of
deposi-tors
162311
473
732
94491236
52115
224353517
32
Amountof de-posits
7841,443
2,227
4107
37418353
153
2223820
102161278203
26142
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WacoLouisvilleMemphis _.NashvilleCincinnatiCleveland _.ColumbusIndianapolisChicagoPeoriaDetroitGrand KapidsMilwaukeeMinneapolisSt. PaulCedar RapidsDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortland -Los AngelesOaklandSan FranciscoOgdenSalt Lake City -..
Total other reservecities
Total all reserve cities.
1 Represents the number of checks and letters of credit outstanding, each of which is over $2,500 but not exceeding $10,000.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
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TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933—Continued
DEPOSITS OVER $2,600 BUT NOT EXCEEDING $10,000—Continued
* Represents the number of checks and letters of credit outstanding, each of which is over $2,500 but not exceeding $10,000.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
toCO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE N O . 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
balances, Oct. 25, 1983— Continued
DEPOSITS OVER $10,000 BUT NOT EXCEEDING $50,000
[Amounts in thousands of dollars]
Location
CENTRAL RESERVE CITIES
New YorkChicago
Total central reservecities
OTHER RESERVE CITIES
Boston. __ . . .Brooklyn and BronxBuffaloPhiladelphiaPittsburghBaltimoreWashington _.RichmondCharlotteAtlantaSavannahJacksonvilleBirminghamNew Orleans.. _.DallasEl PasoFort WorthGalveston _ _HoustonSan Antonio . .
Totals
Numberof depos-
itors
13, 5909,372
22,962
4,96715713
3,7122,2311,1481,129
481139719539410311960
1,289163651317
1,208484
Amountof de-posits
290,006195,190
485,196
105, 5032,855
30478, 31846, 37524, 83422,14910,0232,789
15,34911,9168,2576,377
19,80328, 2963,491
13,9506,468
25, 2089,400
State, county,and municipal
funds
Num-ber of
deposi-tors
3456
90
6153
1962142
1114142
1031416
17
Amountof de-posits
8831,232
2,115
1,45318195
50015355218752
27929040740
23937229820
170336
United StatesGovernment
deposits
Num-ber of
deposi-tors
Amountof de-posits
63
63
10427
6413
403027
16
16
174849
Postal Savings
Num-ber of
deposi-tors
Amountof de-posits
109
109
14
138035
4829
Deposits ofother banks
Num-ber of
deposi-tors
1,7931,947
3,740
7335
80247118073
12011
1971129679
24538122
225107315108
Amountof de-posits
42,67945, 503
88,182
18,372140
19, 22611, 2424,5641,7722,891
2844,7422,7442,0871,7965,8169,722
6235,5002,3867,7652,463
Certified andcashiers' checksand cash letters
of credit out-standing
Num-ber of
deposi-to r s 1
677139
816
702
27693
1122336
1730346
142
Amountof de-posits
15,1812,828
18,009
1,40339
60195
15567
3063624794894
2335605772
13130522
Other deposits
Active accounts
Numberof depos-
itors
11,0547,198
18,252
4,09114510
2,8491,745
9571,051
346124509410293220686867134418201872356
Amountof de-posits
230, 566145,106
375,672
84,0302,391
16857, 720
Dormant ac-counts 2
Num-ber of
deposi-tors
3232
64
12
1534,827 319,98320,1716,7042,377
10,2748,7765,6654,364
13,46517,8492,7258,2803,883
16,8586,486
1
44283
211
Amountof de-posits
525521
1,046
245
27158
25
506750
12848
311415
OS
o
g
oo
wc
F
wQ
W
Q
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
WacoLouisvilleMemphisNashvilleCincinnatiCleveland
; Columbus' Indianapolis
Chicagoi Peoria
DetroitGrand RapidsMilwaukeeMinneapolisSt. PaulCedar RapidsDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesOaklandSan FranciscoOgdenSalt Lake City
Total other reservecities
Total all reserve cities,
1 Represents the number of checks and letters of credit outstanding, each of which is over $10,000 but not exceeding $50,000.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933—Continued
DEPOSITS OVER $10,000 BUT NOT EXCEEDING $50,000-Continued
North DakotaSouth DakotaNebraskaKansasMontanaWyomingColoradoNew M^exicoOklahoma
Total Western States-
WashingtonOregonCaliforniaIdahoUtahNevadaArizona
Total Pacific States.._
Alaska (nonmem ber banks) _The Territory of Hawaii
(nonmember bank)Total (nonmember
banks)
Total country banks..
Total United States. .
492639677
14,133
1,8881,0251,831
7841,0001,347
416375
8,666
404369628
1,375467311364211
1,110
5,239
584212
1,5611514188
131
2,768
21
158
179
55,307
132,860
10, 63412,01514, 320
198, 914
37, 60320,07636, 24315, 52518,84327,082
8,3137,863
171, 548
8,4497 9918,964
16,8808,9696 4397,6014 100
24,049
93,442
12,0974,165
27,9153,075
8331.9492,591
52, 625
460
3,517
3,977
974,602
2, 589, 019
494078
986
3081704149288
27613359
1,540
7710417823749597157
348
1,180
8857
16138101811
383
6
1
7
6,300
6,969
1,077850
1,669
21, 240
6,4673,4948,6782,1762,1286,1203,0151,224
33, 302
1,8432 5002,9626,0451,1771 5081,7321 1847,795
26, 746
2,0861,1884,147
857235532364
9,409
148
22
170
140,473
157, 662
8292
150
2,410
241213382405112897
85105
2,440
415332
793941768729
291
1,803
34414
337
159804
35
35
11,813
13, 035
336433510
4,351
1,380683894418751
1,706248572
6,652
325233316816
80210479125
1,210
3,794
6015106351368330
1,995
40
40
24,955
25, 430
10619
113
1,200
5596
3062484
1626180
868
474160
1164941
917
120
500
37113721
13
10
120
1
10
11
3,567
17, 994
2 384368
2,647
28, 552
1,2151,8886,229
4821,6983,2791,2191,647
17,657
992788
1,1772,2841,023
796209306
2,867
10,442
671179910498
2063
167
2,508
26
248
274
78, 427
418, 286
13
79
73
1053741
40
51071132235
138
1
1691
5
176
5
5
598
2,007
2076
744
12643
1108343
1054149
600
82295671641834
124
478
12
25510
109
386
107
107
4,151
34,083
337570483
11,805
1,510755
1,098657822901216235
6,194
280219278
1,009366209282134628
3,405
456143
1,183912867
105
2,073
14
142
156
44, 457
105, 205
6,75510,1269,268
142, 655
28,04313, 74219,90011,86614,07914,9643,6754,266
110, 535
4,8744 0564,2907,2426,4423,7745,1342,451
11,587
49,850
8,3452,249
21,4981, 574
4741,3241,842
37,306
211
3,140
3,351
708, 774
1,929, 528
9
63
8136312
24
52
9
16
21
11
2
16
385
685
126
962
131135095321130
362
11143
175
329
3825
133
21
217
6,009
10,995
i Represents the number of checks and letters of credit outstanding, each of which is over $10,000 but not exceeding $50,000.« Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
to
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1933—Continued
DEPOSITS OVER $50,000
[Amounts in thousands of dollars]
to
Location
CENTRAL RESERVE CITIES
New YorkChicago _ _ _
Total central reservecities T
OTHER RESERVE CITIES
BostonBrooklyn and Bronx ___BuffaloPhiladelphiaPittsburghBaltimoreWashingtonRichmondCharlotteAtlantaSavannahJacksonvilleBirminghamNew Orleans .__DallasEl PasoFort WorthGalveston ._HoustonSan Antonio
Totals
Numberof depos-
itors
5,6223,174
8,796
2,149281
1,29982828928418029
23914711685
26040627
18047
34781
Amountof de-posits
2,101,878855,011
2,956,889
532, 5664,901
60347,064238, 774
70, 73553, 64229,1442,873
48,27733, 53032,04018,89657,93171,0123,456
25,9459,370
62,12614.299
State, county,and municipal
funds
Num-ber of
deposi-tors
3366
99
728
21111113755
114
16689487
Amountof de-posits
36,82181,800
118, 621
45,8781,112
20, 5266,8183,298
5001,623
5743,022
8034,5892,490
14,4384,1011,0513,370
6483,9951.833
United StatesGovernment
deposits
Num-ber of
deposi-tors
Amountof de-posits
132,10937, 354
169, 463
41, 348119
29, 2368,0098,7722,9181,691
7,9476,0324,3713,1548,685
13, 59664
1,932999
11, 5461.591
Postal Savings
Num-ber of
deposi-tors
Amountof de-posits
49,1521,325
50, 477
21, 8701,665
17, 7546,8184,2922,321
165193
5,7242,3786,6763, 2754,3514,071
2631,4482,0601,8111,790
Deposits ofother banks
Num-ber of
deposi-tors
1,223896
2,119
6752
4853349760613
96633929
116178
410318
14934
Amountof de-posits
448,189173, 797
621,986
117, 470164
94, 23771,81625, 6819,1478,851
70712,08310, 7775,3352,808
13, 78422,891
4699,4952,200
19,0454,996
Certified andcashiers' checksand cash letters
of credit out-standing
Num-ber of
deposi-tors1
31224
336
171
5
1
27
126
Amountof de-posits
65, 5472,507
68,054
2,75085
446
54
264815
64149801
Other deposits
Active accounts
Numberof depos-
itors
4,0472,185
6,232
1,385171
78548318022211619
137786652
125215156722
18440
Amountof de-posits
1,367,924558,006
1,925, 930
303, 2501, 756
60184, 685145,31328,58137, 25616,8141,399
19,00113,48611,0697,169
16, 35325, 5381,6099,6363, 258
24,9284,089
Dormant ac-counts 2
Num-ber of
deposi-tors
73
10
3
11
1
1
1
Amountof de-posits
2,136222
2,358
180
1111,500
500
56
56
W
oo
of1
W
3OHi
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Waco . _ -LouisvilleMemphis -NashvilleCincinnatiClevelandColumbusIndianapolisChicago _Peoria •Detroit ..-Grand RapidsMilwaukee _MinneapolisSt. PaulCedar Rapids _Des Moines -DubuqueSioux CityKansas City, Mo..St. JosephSt. LouisLincoln ___Omaha...Kansas City, KansTopekaWichitaHelenaDenver.-PuebloOklahoma CityTulsaSeattleSpokanePortlandLos Angeles _OaklandSan FranciscoOgdenSalt Lake City
1 Represents the number of checks and letters of credit outstanding each of which is over $50,000.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
to
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of total
1 Represents the number of checks and letters of credit outstanding each of which is over $50,000.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1,1929.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1983—Continued
RECAPITULATION
[Amounts in thousands of dollars]
to00
i
oo
o
Location
Totals
Numberof depos-
itors
Amountof de-posits
State, county,and municipal
funds
Num-ber of
deposi-tors
Amountof de-posits
United StatesGovernment
deposits
Num-ber of
deposi-tors
Amountof de-posits
Postal Savings
Num-ber of
deposi-tors
Amountof de-posits
Deposits ofother banks
Num-ber of
deposi-tors
Amountof de-posits
Certified andcashiers' checksand cash letters
of credit out-standing
Num-ber of
deposi-tors1
Amountof de-posits
Other deposits
Active accounts
Numberof depos-
itors
Amountof de-posits
Dormant ac-counts 2
Num-ber of
deposi-tors
Amountof de-posits
CENTRAL RESERVE CITIES
New YorkChicago
Total central reservecities...
OTHER RESERVE CITIES
BostonBrooklyn and BronxBuffaloPhiladelphiaPittsburghBaltimoreWashingtonRichmondCharlotteAtlanta.SavannahJacksonvilleBirminghamNew OrleansDallasEl PasoFort WorthGalvestonHouston
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
San AntonioWacoLouisvilleMemphisNashvilleCincinnatiClevelandColumbusIndianapolisChicagoPeoriaDetroitGrand RapidsMilwaukeeMinneapolisSt. PaulCedar RapidsDes MoinesDubuqueSioux CityKansas City, MoSt. JosephSt. LouisLincolnOmahaKansas City, KansTopekaWichitaHelenaDenverPuebloOklahoma CityTulsaSeattleSpokanePortlandLos AngelesOaklandSan FranciscoOgdenSalt Lake City
1 Represents the number of checks and letters of credit outstanding.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 23.—Number of depositors and amount of deposits of the 5,057 licensed national banks, grouped according to size and class of totalbalances, Oct. 25, 1938—Continued
RECAPITULATION—Continued[Amounts in thousands of dollars]
1 Represents the number of checks and letters of credit outstanding.2 Represents deposits from which no withdrawals and to which no credits have been made (other than interest credited to such accounts) since Jan. 1, 1929.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 24.— United States bonds on deposit to secure circulating notes of national banks on Oct. 31, 1910 to 1934[For yearly figures 1865-1909, see reports for 1900, p. 305, and 1931, p. 213] 3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1933 5,799 565, 587,750
1934. 5,589 501,916,800
67,017, 780
43,516,900
PanamaCanalloan of1961,
1,000Conversion
bonds of1946-47,
1,020,000Treasury
bonds of1951-55,
49,414,500Panama
Canalloan of1961,
1,000Conversion
bonds of1946-47
15,000Treasury
bonds of1946-48
10, 240,250Treasury
bonds of1951-55,
32, 584,100
Treasurybonds of
1946-49,45, 333,150
Treasurybonds of
" 1946-49,19, 223, 650
Treasurybonds of1940-43,
18,113,150Treasury
bonds of1941-43,
38,440,400Treasury
bonds of1943-47,
27, 039, 500
Treasurybonds of1940-43,
8,826,550Treasury
bonds of1941-43,
23, 847,000Treasury
bonds of1943-47
23,477, 750
Treasury. bonds of1 1933-41,
$40, 664, 200
Treasurybonds of1933-41,
21,880, 650Treasury
bonds of1944-46,
11,191,000
852, 631, 430
696,720, 650
Waoo
wo
s
wQ
3O
to
3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 25.—Profit on national bank-note circulation, based upon a deposit of $100,000 United States consols of 1930, and Panama Canalloan, at the average net price, monthly, during the year ended Oct. 31, 1934
CONSOLS OF 1930
Date Cost ofbonds
Circula-tion ob-tainable
Receipts
Intereston bonds
Intereston circu-
lationless 5
percentredemp-tion fund
Grossreceipts
Deductions
Tax Expenses Sinkingfund Total
Net re-ceipts
Interest oncost of
bonds at 6percent
Profit on circulationin excess of 6 per-cent on the invest-ment
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
276 EEPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 28.—Number, capital stock, and circulation outstanding of licensednational banks issuing circulating notes, together with the number and capitalstock of national banks not issuing circulating notes, June 30, 1934, by reservecities and States
[In thousands of dollars]
Location
CENTRAL RESERVE CITIES
New YorkChicago
Total central reserve cities
OTHER RESERVE CITIES
BostonBrooklyn and BronxBuffaloPhiladelphiaPittsburgh
Washington _ _Richmond— _CharlotteAtlantaSavannahJacksonvilleBirminghamNew OrleansDallasEl PasoFort Worth __ ,_ _ _GalvestonHouston... __ __. ___ _San Antonio _ _WacoLittle RockLouisvilleMemphisNashvilleC incinnatiClevelandColumbusToledoIndianaDolisChicago - ______PeoriaDetroitGrand RapidsMilwaukeeMinneapolisSt PaulCedar RapidsDes IVIoinesDubuqueSioux CityKansas City, Mo.St JosephSt. LouisLincolnOmahaKansas City KansTopekaWichita _ --HelenaDenverPuebloOklahoma CityTulsa _ _-Seattle
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REPORT OP THE COMPTROLLER OF THE CURRENCY 277
TABLE NO. 28.—Number, capital stock, and circulation outstanding of licensednational banks issuing circulating notes, together with the number and capitalstock of national banks not issuing circulating notes, June 30, 1934, by reservecities and States—Continued
[In thousands of dollars]
Location
OTHER RESERVE CITIES—continued
SpokanePortlandLos AngelesSan FranciscoOgdenSalt Lake City
106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
278 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 28.—Number, capital stock, and circulation outstanding of licensednational banks issuing circulating notes, together with the number and capitalstock of national banks not issuing circulating notes, June 30, 1934, by reservecities and States—Continued
[In thousands of dollars]
Location
COUNTRY BANKS—continued
North DakotaSouth Dakota . .NebraskaKansasMontana. _WyomingColoradoNew Mexico.. _Oklahoma. __
Alaska (nonmember banks)The Territory of Hawaii (non-
member bank)
Total (nonmember banks)
Total country banks
Total United States
June 30,1934
:
Num-ber ofbanks
614797
15028235518
148
627
5044
10118867
234
3
1
4
4,405
4,600
Banks issuing circulation
Capital stock
Preferredand com-
mon (bookvalue)
4,7254,2855,6188,9023,4412,1704,1031,7758,308
43,327
6,9313,295
14,3772,065
450550
1,425
29,093
263
3,350
3,613
632,656
1,122,566
Common(par
value)
2,8951,8754,7238,3372,7251,8553,4901,3257,790
35,015
6,3752,773
11, 6381,470
320500
1,425
24,501
225
3,350
3,575
529,580
919,833
Circula-tion out-standing
2,1711,4814,1216,9591,8621,3522,9271,2046,228
28,305
5,0252,290
10,5081,299
277417854
20,670
175
3,328
3,503
435,861
698, 293
Banks not issuing circulation
Num-ber ofbanks
10173137193
186
62
203
127
2072
1
49
1
1
768
822
Capital stock
Preferredand com-
mon (bookvalue)
5581,3201,3651,760
870375
1,065285
2,720
10,318
842275
2,183225108
200
3,833
50
50
71,601
615, 261
Common(par
value)
5351,0351,1251,585
770350790285
2,435
8,910
535225
1,50522575
100
2,665
50
50
57,979
406,889
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 29.—National-bank notes issued, redeemed, and outstanding, by denominations and amounts, on Oct. 81, each year 1981 to 1984
[For prior years see Annual Eeports for 1920, p. 42, and 1931, p. 220]
Year
1931. . - .
1931
1932
1932
1933
1934_
1934
OLD SERIES
IssuedRedeemedOutstanding
NEW SERIES
Issued _.RedeemedOutstanding
OLD SERIES
IssuedRedeemedOutstanding
NEW SERIES
IssuedRedeemedOutstanding
OLD SERIES
IssuedRedeemedOutstanding
NEW SERIES
IssuedRedeemedOutstanding
OLD SERIES
Issued..RedeemedOutstanding
NEW SERIES
IssuedRedeemedOutstanding
Ones
23,169, 67722, 828, 895
340, 782
23,169, 67722, 828, 928
340, 749
23,169, 67722, 828,928
340, 749
23,169, 67722, 828, 928
340, 749
Twos
15, 495, 03815, 332, 568
162,470
15, 495, 03815, 332, 618
162, 420
15,495,03815,332,618
162,420
Fives
15,495,03815, 332, 618
162, 420
3, 671, 919, 3603, 656, 801,150
15,118, 210
370, 660,020237,344,670133, 315, 350
3,671,919,3603, 658, 731,190
13.188,170
524, 707, 860371,118, 920153, 588, 940
3, 671,919, 3603, 660, 392, 200
11, 527,160
673,899,645505,699, 255168,200,390
3, 671,919,3603, 661, 286,630
10, 632, 730
809, 644, 595657, 043,515152, 601,080
Tens
5, 973, 628, 4805, 942, 854, 205
30, 774, 275
539, 871, 600290, 390,040249, 481, 560
5,973,628,4805, 948, 554, 990
25,073,490
777,170, 880446, 764, 780330, 406,100
5, 973, 628,4805,953, 627,055
20,001,425
1, 002,947,180623, 622, 510379,324,670
5,973,628, 4805, 956,074,125
17, 554, 355
1,181,581,140834,990, 840346, 590, 300
Twenties
3, 464, 395, 5203, 431, 759, 720
32, 635, 800
289, 973,16097,065, 740
192, 907, 420
3,464,395, 5203, 439, 078, 200
25,317, 320
415,146,840165, 977, 200249,169,640
3,464,395, 5203,445,941,600
18,453, 920
529, 262,900236,362, 360292,900,540
3,464, 395, 5203, 449,022,940
15,372,580
615,161, 220323, 455, 560291, 705, 660
Fifties
410, 619, 750404, 602, 900
6, 016, 850
28, 612, 6006, 868,050
21, 744, 550
410, 619, 750405, 965, 700
4,654, 050
44, 723,80010, 587, 75034,136, 050
410, 619, 750407, 217, 300
3, 402, 450
51, 313, 35015, 018, 75036,294,600
410, 619, 750407, 808, 350
2,811,400
56,146, 45020,163,90035, 982, 550
Onehundreds
502, 217,900494, 799, 000
7, 418, 900
17, 367, 4002,018,900
15, 348, 500
502, 217,900496, 355, 700
5,862, 200
30, 203, 20G3, 428,000
26, 775, 200
502, 217,900497,890,800
4, 327,100
38,137,9005, 573, 000
32,564,900
502, 217, 900498, 550, 700
3, 667, 200
43,465. 7008, 364, 400
35,101, 300
Fivehundreds
12,289, 50012, 202, 000
87, 500
12, 289, 50012, 202, 000
87, 500
12, 289, 50012, 202,000
87,500
12, 289, 50012, 202,000
87, 500
One thou-sands
7,454,0007,433,000
21,000
7,454,0007, 433, 000
21,000
7,454,0007,433,000
21,000
7,454, 0007,433,000
21,000
Total
14,081,189, 22513,988, 613, 438
92, 575, 787
1, 246, 484, 780633, 687, 400612, 797, 380
14,081,189, 22514,006,482, 326
74,706,899
1, 791,952,580997,876, 650794,075,930
14,081,189, 22514,022,865, 501
58,323, 724
2, 295, 560,9751,386, 275,875
909,285,100
14,081,189, 22514,030, 539,291
50,649,934
2, 705,999,1051,844,018,215
861,980,890
Issued dur-ing current
year
457,163, 430
545,467, 800
410, 438,130
1-3
WtelaohjHWOf1
tel
o
503,608,395 ft
ad
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NOTE 1.—First issue Dec. 21, 1863; first redemption Apr. 5, 1865.NOTE 2.—Gold notes included since 1915.NOTE 3.—Fractions and nonassorted notes not included.
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280 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 30.—National-bank currency issued to banks monthly from Nov. 1,1933, to Oct. 31, 1934, and since 1863
TABLE NO. 33.—National-bank notes issued during each year 1914-84, national-bank notes of active, insolvent, and liquidated banks destroyed, total destructionsfor each year, and percentage of destructions to issues
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282 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 34.—Amount, denomination, and cost of national bank currencyreceived from Bureau of Engraving and Printing year ended Oct. 31, 1934
6-SUBJECT SHEET, SERIES OF 1929
Denominations
5 . .102050100 _
Total
Amount
$128, 758,320169,152,360
92, 695, 6804, 622,4007, 735, 200
402,963,960
Cost of paper
$24,034.8915, 787. 55
4, 325. 8086.2872.20
44, 306. 72
Cost of print-ing, etc.
$154,080. 79101,209. 50
27, 731.46553.15462. 82
284,037. 72
Total cost
$178,115. 68116, 997.0532,057. 26
639. 43535. 02
328, 344. 44
TABLE NO. 35.—Vault account of currency received and issued by Currency Bureauduring the year, and the amount on hand Oct. 31, 1934
OLD SERIES
National bank currency in vaults at the close of business Oct. 31,1933 $19,930National bank currency received from Bureau of Engraving and Printing, during the year
ended Oct. 31,1934 0Amount issued to banks during the year 0
Amount in vaults at close of business, Oct. 31, 1934 19,930
NEW SERIES
National bank currency in vaults at the close of business Oct. 31,1933 257,592,915National currency received from Bureau of Engraving and Printing during the year ended
Oct. 31,1934 402,963,960
Total to be accounted for 660,556,875Amount issued to banks during the year $410,438,130Amount withdrawn from vaults and canceled 16,613,615
Total withdrawn 427,051,745Amount in vaults at close of business Oct. 31, 1934... 233,505,130Add "Old series" 19,930
Total amount in vaults 233,525,060
TABLE NO. 36.—Vault account of currency received and destroyed during yearended Oct. 31, 1934
Amount in vault of Redemption Division of Currency Bureau awaiting destruction atclose of business Oct. 31, 1933 $6,122,980.00
Amount received during year ended Oct. 31, 1934 464,594,177.50
Total 470,717,157.50Withdrawn and destroyed during year 465,416,117.50
Balance on hand in vault Oct. 31, 1934 5,301,040.00
TABLE NO. 37.—Amount of currency received for redemption, by months, fromJuly 1, 1933, to June 30, 1934, and counted into the cash of the National BankRedemption Agency
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REPOET OF THE COMPTROLLER OF THE CURRENCY 283
TABLE NO. 38.—Amount of currency received by the National Bank RedemptionAgency for redemption in year ended June 30, 1934, from principal cities
Boston $27,945,706.50New York 133,612,700.00Philadelphia 53,410,444.00Cleveland 21,470,500.00Richmond 19,530,600.00Atlanta 18,174,450.00Chicago 49,865,477.00St. Louis 22,792,564.50Minneapolis 11,419,000.00
Kansas City $7,916,250.00Dallas 9,734,300.00San Francisco 27,987,500.00Cincinnati 9,185,300.00Baltimore 6,805,234.00New Orleans 6,757,704.00Other places 145,897,579.16
Total 572,505,309.16NOTE.—The difference of $28,582.50 between the totals shown by this table and table no. 34, represents
the net adjustments for overs, shorts, and spurious issues found in remittances received.
The total amount of currency of all issues received by the National Bank Redemption Agency andcounted into cash from June 30, 1874, exclusive of deductions for shortages and spurious issues, is$20,769,293,260.84.
TABLE NO. 39.—Cost of redemption of national-bank notes during the year endedJune 80, 1934
Redeemed out of 5-percent fund, unfit for use:SalariesPrinting, binding, and stationeryContingent expenses _ _InsurancePostage
Reedemed out of 5-percent fund, unfit for useRedeemed on retirement account.
Total
Amount of expenses
Office TreasurerUnited States(N.B.R.A.)
$170,359. 2311,434.152,862. 74
10, 575.876,071.10
201, 303. 09
46,139. 513,096. 78
775.342, 864. 331, 644. 27
54, 520. 23
255,823. 32
Amountredeemed
$368, 297, 380.0099, 748,405. 00
468,045, 785. 00
Office Comp-troller of Cur-
rency
$34, 786. 881, 333. 70
709. 6110,616.13
109,147. 22
156, 593. 54
9, 421. 56361. 22192.19
9,974. 97
166, 568. 51
Rate per$1,000
$0.97175991. 64657879
. 90245836
Total
$205,146.1112, 767. 853, 572. 35
21,192. 00115, 218. 32
357,896. 63
55, 561.073,458. 00
967. 532,864. 331, 644. 27
64,495. 20
422,391. 83
Amount ofexpenses
$357, 896. 6364,495. 20
422, 391. 83
TABLE NO. 40.—Classification of Federal Reserve currency redemptions, the amountredeemed, number of notes, cost of redemption per 1,000 notes, and amount assessedupon Federal Reserve banks, year ended June 30, 1934
Amount
Federal Reserve notes:Received from various sources, whole notes:
SalariesPrinting, binding, and stationeryContingent expenses
Total
Received direct from Federal Reserve banks and branches, canceled and cut:SalariesPrinting, binding, and stationery -Contingent expenses
Total. -_ --_ -_
$1,813.1316.7330.47
1,860. 33
32, 927. 2677.43
607. 50
33, 612.19Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
284 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 40.—Classification of Federal Reserve currency redemptions, the amountredeemed, number of notes, cost of redemption per 1,000 notes, and amount assessedupon Federal Reserve banks, year ended June 30, 1934-—Continued
Federal Reserve bank notes, new series:Received from various sources:
SalariesPrinting, binding, and stationeryContingent expensesInsurance-- _ - .Postage __.
Total
Aggregate.-
Federal Reserve notes:Received from various sources, whole notes __Received direct from Federal Reserve banks
and branches, canceled and cutFederal Reserve bank notes, new series:
Received from various sources
Total _
Amount indollars
$50,218,795
989,356, 700
50, 426, 500
1,090,001,995
Number ofnotes
3, 294,890
106, 748, 307
6,836, 662
116,879,859
Rate per1.000 notes
$0. 56460961
.31487328
.86473047
. 35407632
Amoun t
$3, 762.1134.7263.22
1, 377. 49674. 33
5, 911.87
41,384. 39
Assessment
$1,860.33
33,612.19
5,911.87
41,384.39
TABLE NO. 41.—Taxes assessed on national-bank circulation, years ended June 30,1864-1934; cost of redemption, 1874-1934; and assessments for cost of plates, etc.,1883-1934
[For yearly figures 1883-1911 see report for 1931, p . 227]
1 Beginning in the latter part of 1929 amounts in this column concern logotypes incident to reduced sizenotes, series of 1929.
2 Tax collected on additional circulation under act May 30, 1908.
NOTE.—Average cost per $1,000 for national-bank notes redeemed in 1925, $0.83; in 1926, $0.94; in 1927,$0.93; in 1928, $0.86; in 1929, $0.95; in 1930, $0.88; in 1931, $0.91; in 1932, $1.08; in 1933, $1.14; and in 1934, $0-90.Digitized for FRASER
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REPORT OF THE COMPTROLLER OP THE CURRENCY 285
TABLE NO. 42.—Federal Reserve notes outstanding according to weekly statements(amount issued by Federal Reserve agents to Federal Reserve banks less notesredeemed), and collateral security therefor, from Nov. 1, 1933, to Oct. 31, 1934
* Beginning Jan. 31,1934, represents gold certificates on hand and due from United States Treasury.
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TABLE NO. 43.—Federal Reserve notes, segregated by series, printed, shipped and canceled, issued to banks, retired, and destroyed sinceorganization of the banks, with the balance in vaults and amount outstanding Oct. 81, 1934
Total printed. _.Total shipped and canceled -
Fives
$5,370,100,0005,370,100,000
Tens
$5,978,520,0005,978,520,000
VAULT BALANCE OCT.
Twenties
$6,092, 240,0006,092, 240,000
Fifties
$1,283,800,0001,283,800,000
31, 1934, 1914-18 SERIES
One hundreds
$884,400,000884,400,000
Five hundreds
$173,000,000173,000,000
Onethousands
$333,600,000333,600,000
Fivethousands
$108,000,000108,000,000
Tenthousands
$184,000,000184,000,000
Total
$20,407,660,00020,407,660,000
VAULT BALANCE OCT. 31, 1934, 1928-34 SERIES
Total printedTotal shipped and canceled -
Total on hand
$2, 325,060, 0001, 833, 580, 000
491, 480, 000
$3, 377,160,0002,887,440,000
489, 720,000
$3, 252, 720,0002, 606,880,000
645, 840,000
$1,368,200,000924,200,000
444,000,000
$1, 739,600,0001,242,800,000
496,800,000
$951,260,000514, 26d, 000
437,000, 000
$1,160,996,000724,196,000
436,800,000
$81,840,00039,120,000
42, 720,000
$110,880,00045, 720,000
65,160,000
oo
1-3
w$14,367, 716,000 H10,818,196,000
O3, 549,520,000 O
s
Total printedTotal shipped and canceled-
Total on hand
$7, 695,160, 0007, 203, 680,000
491,480,000
COMBINED VAULT BALANCE
$9,355,680,0008,865,960,000
489, 720,000
$9,344,960,0008,699,120,000
645,840,000
$2, 652,000,0002,208,000,000
444,000,000
OCT. 31, 1934
$2, 624,000,0002,127, 200,000
496,800,000
, BOTH SERIES
$1,124, 260,000687,260,000
437,000,000
$1,494, 596,0001,057, 796,000
436,800,000
$189,840,000147,120,000
42,720,000
$294,880,000229, 720,000
65,160,000
$34, 775,376,00031,225,856,000
3,549,520,000
Total issuedTotal retired
Total outstanding
$6,148,375, 2506,132, 545,850
15,829,400
ISSUED, RETIRED, AND OUTSTANDING OCT. 31, 1934, 1914-18
$6,990,812,0406,970,507,380
20,304,660
$7,192, 258,0407,160, 561, 780
31,696,260
$1,486,660,0501,473,071,950
13,588,100
$1, 111, 562,8001,096,537,900
15,024,900
$184,528,500181,532,500
2,996,000
SERIES
$424,150,000415,476,000
8,674,000
$73,340,00073,205,000
135,000
$127, 260,000126,900,000
360,000
$23, 738,946,68023,630,338,360
108,608,320
ISSUED, RETIRED, AND OUTSTANDING OCT. 31, 1934, 1928 SERIES
Total issuedTotal retired
Total outstanding
$2,478,334,3702,143,012,880
335, 321,490
$4, 339,945,1203, 458,915,560
881,029, 560
$3,840,445,8402,869,267,560
971,178, 280
$1,170,555,850888,872,000
281, 683, 850
$1,656,538,3001,148,468,100
508,070, 200
$521,894,000407,808,000
114,086,000
$831,691,000606, 287,000
225,404,000
$46,565,00039,860,000
6, 705,000
$78,670,00067,070,000
11, 600, 000
$14,964,639,48011,629,561,100
3,335,078,380
o
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COMBINED ISSUED, RETIRED, AND OUTSTANDING OCT. 31, 1934, BOTH SERIES
Total issuedTotal retired
Total outstanding
$8, 626, 709,6208, 275,558,730
351,150,890
$11,330,757,16010,429,422,940
901,334,220
$11,032,703,88010,029,829,340
1,002,974,540
$2,657,215,9002, 361,943,950
295, 271,950
$2,768,101,1002, 245,006,000
523,095,100
$706,422, 500589.340,500
117,082,000
$1,255,841,0001,021. 763,000
234,078,000
$119,905,000113,065,000
6,840,000
$205,930,000193,970, 000
11,960, 000
$38,703, 586,16035,259,899,460
3,443,686,700
MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE ORGANIZATION OF BANKS AND ON HANDIN VAULTS OCT. 31, 1934. 1914-18 SERIES
sBoston...New YorkPhiladelphiaCleveland __Richmond _.Atlanta _ChicagoSt. LouisMinneapolisKansas CityDallasSan Francisco
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TABLE NO. 43.—Federal Reserve notes, segregated by series, printed, shipped and canceled, issued to banks, retired, and destroyed sinceorganization of the banks, with the balance in vaults and amount outstanding Oct. 31, 1934—Continued
COMBINED MUTILATED FEDEEAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED SINCE ORGANIZATION OF BANKSAND ON HAND IN VAULT OCT. 31, 1934, BOTH SERIES
Total received.. _Total destroyed
Balance on hand.
Fives
$6, 537, 670, 4306, 533,970,930
3. 699, 500
Tens
$7, 673, 792, 0007, 668, 063, 750
5.728, 250
Twenties
$7, 037, 654,9007,034, 382,600
3, 272, 300
Fifties
$1,410,160,2501,409, 800,600
359,650
One hundreds
$954, 692,900954, 433, 600
259,300
Five hundreds
$148, 644, 000148, 577, 000
67,000
Onethousands
$306, 780,000306, 582, 000
198, 000
Fivethousands
$36, 255, 00036, 255, 000
Tenthousands
$56, 350, 00056, 350, 000
Total
$24,161,999,48024,148, 415,480
13, 584,000
NOTE.—During the fiscal year Nov. 1, 1933, to Oct. 31, 1934, badly mutilated, burned, and fractional parts of Federal Reserve notes amounting to $35,364—new series, $33,014old series, $320; Federal Reserve bank notes, 1929 series, $2,030; have been identified, valued, and the bank issue determined.
TABLE NO. 44.—Aggregate amount of Federal Reserve bank notes, old series, printed, issued, canceled, and redeemed, by denominations, sincethe inauguration of the Federal Reserve System, and amount outstanding, Oct. 31, 1934
VAULT BALANCE, OCT. 31, 1934
Total printedTotal issued and canceled
Ones
$478,892,000478,892,000
Twos
$135,192,000135,192,000
Fives
$121,460,000121, 460,000
Tens
$16,440,00016,440,000
Twenties
$9,760,0009,760,000
Fifties
$200,000200,000
Total
$761,944,000761,944,000
ISSUED, REDEEMED, AND OUTSTANDING, OCT. 31, 1934
Total issued. __ ._Total redeemed
Total outstanding
$478,892,000477, 269, 518
1, 622,482
$135,192,000134, 784, 759
407,241
$121,460,000121,193,045
266,955
$16,440,00016,377, 335
62,665
$9, 760,0009,696, 230
63, 770
$200,000190, 350
9,650
$761,944,000759, 511,237
2,432,763
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TABLE NO. 44—A.—Aggregate amount of Federal Reserve bank notes, series 1929, printed, shipped, and on hand; issued, retired, and outstanding;received for destruction by denominations, during period Mar. 9, 1933, to Oct. 31, 1934) under the terms of sec. 18, Federal Reserve Act, asamended Mar. 9, 1933
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TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 81, 1934, circulation outstanding, borrowed money, and total deposits at date of failure
toCO
o
Name and location of bank
Farmers & Drovers National Bank, Waynesburg,Pa
First National Bank, Sutton, W. Va.»American National Bank, Billings, MontCitizens National Bank, Laurel, MontCommercial National Bank, Wilmington, N. C—Merchants National Bank, Mandan, N. Dak.9
First National Bank, Webster, S. DakSioux Falls National Bank, Sioux Falls, S. Dak.9_First National Bank, Brookings, S. Dak.9
First National Bank, Huron, S. DakFirst National Bank of Fergus County, Lewis-
town, MontDrovers National Bank, East St. Louis, 111City National Bank of Huron, Huron, S. Dak. i . .First National Bank, Ozark, Ala.9
First National Bank, Townsend, Mont.9
National Bank of Commerce, Pierre, S. DakFirst National Bank, Matoaka, W. Va.»_ __Georgia National Bank, Athens, GaBurgettstown National Bank, Burgettstown, Pa_.First National Bank, Selma, N. C__First National Bank, Florence, S. CFirst National Bank, St. Cloud, MinnGlobe National Bank, Denver, ColoFirst National Bank, Warren, Minn.9
Muskogee Security National Bank, Muskogee,Okla.9 _
Gregory National Bank, Gregory, S. DakWarren National Bank, Warren, MinnBroadway National Bank, Denver, ColoFirst National Bank, Waukon, Iowa 9
First Nationri Bank, Shenandoah, IowaFirst National Bank, Jonesboro, Ark __
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First National Bank, Pepin, Wis _First National Bank, Woonsocket, S. DakFirst National Bank, Waubay, S. DakOakes National Bank, Oakes, N. Dak.9National Farmers Bank, Owatonna, MinnFarmers & Merchants National Bank, Merced,
CalifFarmers & Merchants National Bank, Lake City,
s cFirst Nationaa'Bank",~Mil~bank,~s""DakA-I"—---.Clarinda National Bank, Clarinda, Iowa __.First National Bank, Marked Tree, Ark.«First National Bank, Leeds, N. DakFarmers National Bank, Brookings, S. Dak.9First National Bank, Malvern, IowaFirst National Bank, Haleyville, AlaCitizens National Bank, Ortonville, Minn.9First National Bank, Beardsley, MinnFirst National Bank, Edgeley, N. DakFirst National Bank, Clinton, Minn.«Citizens National Bank, Albert Lea, MinnFirst National Bank, Allegan, MichFarmers & Merchants National Bank, Mount
Morris, PaFirst National Bank, Rush City, Minn.9First National Bank, Dunbar, PaProvident National Bank, Waco, Tex.1First National Bank, Columbia City, Ind.Farmers & Merchants National Bank, Alcester, S.
DakFirst National Bank, Graf ton, N. Dak._First National Bank, Chowchilla, Calif.9Peoples National Bank, Waukon, Iowa9
First National Bank, East Grand Forks, Minn.._.First National Bank, Bishop, Calif _.Citizens National Bank, Waynesburg, PaFirst National Bank, New Cumberland, W. Va._.First National Bank, Checotah, Okla._New Georgia National Bank, Albany, GaFirst National Bank, Minnewaukan, N. DakFirst National Bank, Mullens, W. Va,_Astoria National Bank, Astoria, Oreg_._First National Bank, Carrington, N. DakFirst National Bank, Toronto, S. Dak.9Commercial National Bank, Statesville, N. CFirst National Bank, Bristow, Okla._First National Bank, Arcadia, Ind__First National Bank, Calexico, Calif.9First National Bank, Plainview, Nebr.9
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TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
toCOto
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion .
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure
Lake County National Bank, Madison, S. Dak.s.First National Bank, Dublin, Ga.First National Bank, Aledo, 111Carolina National Bank, Darlington, S. CFirst National Bank, Cheraw, S. CFarmers National Bank, Wakefield, Nebr.9Fourth National Bank, Macon, GaFirst National Bank, Richland Center, WisFirst National Bank, Warren, IndCass County National Bank, Casselton, N. Dak..Peoples National Bank, Middletown, Del.9First & Moorhead National Bank, Moorhead,
MinnFirst National Bank, Frisco, Tex.9.First National Bank, Kingsbury, Tex.9First National Bank, Coleridge, Nebr.9._Exchange National Bank, Spokane, WashFirst Exchange National Bank, Coeur d'Alene,
IdahoMinneapolis National Bank, Minneapolis, Kans_.First National Bank, Manchester, IowaCitizens National Bank, Hope, Ind.9First National Bank, Avon Park, FlaFirst National Bank, Punta Gorda, FlaFirst National Bank, Bixby, Okla..-Carlton National Bank, Wauchula, FlaFirst National Bank, Rockford, IowaNational Bank of Larimore, N. DakFirst National Bank, Sandersville, GaNational Bank of Emmetsburg, Emmetsburg, Iowa.First National Bank, Sanborn, N. DakPeoples National Bank, Adena, OhioReed City National Bank, Reed City, MichFirst National Bank, Ruthven, IowaFirst National Bank, Sebring, Fla
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First National Bank, Lakeland, FlaFirst National Bank, Auburndale, FlaFirst National Bank, Shinnston, W. Va..First National Bank, Aneta, N. DakFirst National Bank in Langdon, N. DakFirst National Bank, Mayville, N. Dak_.Polk County National Bank in Bartow, FlaEast Alabama National Bank, Eufaula, AlaNational Bank of Newberry, Newberry, S. CSouth Pasadena National Bank, South Pasadena,
Calif.*First National Bank, McHenry, N. Dak.» _First National Bank, De Land, Fla._First National Bank, Sanford, Fla .-First National Bank, St. Augustine, Fla _Miners National Bank, Blossburg, PaFirst National Bank, Maquon, 111 . . .First National Bank, Montezuma, IowaFirst National Bank, Eldorado Springs, MoFirst National Bank, Delta, Colo.— -First National Bank, Taylorville, 111First National Bank, New Bern, N. CFirst National Bank, Clarksville, Ark.»...First National Bank, Tower City, N. DakFirst National Bank, Grundy, Va __.Carolina National Bank, Spartanburg, S. CFirst National Bank, Greeley, Nebr___First National Bank in Mount Sterling, 111First National Bank, Samson, AlaFirst National Bank, Seward, Pa -First National Bank, Florala, Ala _First National Bank, Bishopville, S. CFirst National Bank, Burlington Junction, Mo.»..Dothan National Bank, Dothan, Ala.First National Bank, Humphrey, NebrTexas National Bank, Fort Worth, Tex_ _First National Bank, Northwood, N. Dak _First National Bank of Royse, Royse City, Tex.»._First National Bank, Ennis, TexFirst National Bank, Roy, Mont_._First National Bank, Brantley, Ala._ ._First National Bank, Gaffney, S. CFirst National Bank, Ambrose, N. Dak.._American National Bank, Kewanna, IndFirst National Bank, Tranquillity, Calif -First National Bank, Milford, 111.9First National Bank, Tallassee, Ala__First National Bank, Edmore, N. DakCommercial National Bank, Chatsworth, HI...Citizens National Bank, Streeter, N. Dak.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
toCO
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbanking
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure
First National Bank, Rising Star, TexFirst National Bank, Coffee Springs, AlaCommercial National Bank, Independence, Kans_.Security National Bank, Cherokee, IowaFirst National Bank, Hazard, Ky.1-..Peoples-First National Bank, White Hall, 111First National Bank, Wanette, OklaPana National Bank, Pana, 111Farmers National Bank, Oskaloosa, Iowa »National Bank of Tifton, Tifton, Ga.»State National Bank, Idabel, Okla _._Saunders Co. National, Bank, Wahoo, NebrFirst National Bank, Pineville, W. VaFirst National Bank, Jasper, FlaNational Loan & Exchange Bank, Greenwood, S. C.First National Bank, St. Petersburg, Fla...Farmers National Bank,Strawn, Dl.»First National Bank, Cheboygan, Mich.9First National Bank in Poultney, Vt_New-First National Bank in Farmland, IndFirst National Bank, Litchville, N. DakFirst National Bank, Williams, Iowa9
Union National Bank, Connellsville, PaFirst National Bank in Fresno, CalifFirst National Bank, Grass Range, MontNational Bank of Arkansas at Pine Bluff, ArkCitizens National Bank, Connellsville, Pa.. —First National Bank, Vanderbilt, Pa.»Citizens National Bank, Galion, Ohio ._._-._„.First National Bank, McLeansboro, 111Port Newark National Bank, Newark, N. JFirst National Bank, Ayrshire, Iowa... _.Farmers National Bank, Glenwood City, WisClymer National Bank, Clymer, PaFirst National Bank, Burt, Iowa
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Fourth National Bank, Montgomery, Ala.1 B
First National Bank, Fairview, MoFarmers National Bank, Wilkinson, IndFirst National Bank, Altus, OklaFirst National Bank, Washburn, N. DakCity National Bank, Spur, TexFarmers National Bank, Howe, TexFirst National Bank, Martinsville, 111Billings National Bank, Billings, Okla._First National Bank, Villisca, IowaFirst National Bank, Perry, Fla.._Old First National Bank, Farmer City, Ill.iFirst National Bank, Auburn, Wash _Peoples National Bank, Brookneal, Va -.First National Bank, Elgin, NebrFirst National Bank, Berwyn, OklaQuincy-Ricker National Bank & Trust Co.,
Quincy, 111Planters National Bank, Walnut Ridge, ArkHolston-Union National Bank, Knoxville, Tenn_.National Bank of Kentucky, Louisville, KyFirst National Bank, West Salem, 111City National Bank, Spokane, Wash.*American National Bank, Asheville, N. CFirst National Bank, Plymouth, 111First National Bank, Forman, N. DakFirst National Bank, Campbell, MoFirst National Bank, Westfield, 111Citizens National Bank, Hendersonville, N. CFirst National Bank, Mendon, OhioFirst National Bank, Roland, Iowa—Merchants National Bank, Burlington, Iowa 18
First National Bank, Benton, 111 _.First National Bank, Rector, ArkFirst National Bank, Junction City, ArkFirst National Bank, Newport, TennFirst National Bank, Walhalla, N. DakFirst National Bank, Goreville, Ill.»First National Bank, Marion, 111Sioux National Bank in Sioux City, Iowa..First National Bank, Fulton, Ky.»First National Bank, Charlotte, N. CFirst National Bank, Horse Cave, KyFarmers & Merchants National Bank, Tyrone, Pa.First National Bank, Naper, NebrAmerican National Bank, Redfield, S. DakFirst National Bank, Ullin, 111.*First National Bank, Elk Point, S. DakFarmers National Bank, Laurens, S. CBenton County National Bank, Bentonville, Ark_.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
toCOCD
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
Union National Bank, Fairmont, W. VaFirst National Bank, Goodwin, S. DakKansas National Bank, Kansas, 111First National Bank, Mount Sterling, Ill.iFirst National Bank, Sweetwater, Tenn.»First National Bank, Caruthersyille, MoFirst National Bank, Capac, MichFirst National Bank, Rock Rapids, IowaFarmers National Bank, In wood, Iowa__First National Bank, Laurinburg, N. C."First National Bank, Ridgeway, MoFirst National Bank, Tyler, MinnCity National Bank in Miami, Fla__First National Bank, Augusta, 111Pecan Gap National Bank, Pecan Gap, TexFirst National Bank, Hobson, Mont.1
First National Bank, Ladonia, TexFirst National Bank, Sesser, 111First National Bank, Greenwood, MissFirst National Bank, Connersville, Ind ...First National Bank, Titonka, IowaNational Bank of Goldsboro, Goldsboro, N. CInterstate National Bank, Helena, ArkFirst National Bank, Rails, TexFirst National Bank, Kerkhoven, MinnMerchants & Planters National Bank, Dillwyn,
Va.First National Bank, Ludlow, MoLawrence Ave. National Bank, Chicago, 111..First National Bank, Floyd, Iowa__First National Bank, Corning, Ark.*National Bank of Wilkes at Washington, Ga.City National Bank, Bessemer, AlaFirst National Bank, Rogers, ArkFirst National Bank, Brookhaven, Miss
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Brookfield, Mo .._.Howard National Bank, Kokomo, Ind.1
Planters National Bank, Clarksdale, MissAnoka National Bank, Anoka, MinnFirst National Bank, Clinton, S. C .First National Bank, Addison, Pa.iFirst National Bank, Crestline, Ohio 19
First National Bank, Waverly, 111Farmers & Merchants National Bank, Sheridan,
Ind.Peoples National Bank, Osceola Mills, PaClinton National Bank, Clinton, MoFirst National Bank, Connellsville, Pa.*First National Bank, Redmond, OregFirst National Bank, Panama City, FlaFarmers & Merchants National Bank, Rockmart,
Ga.First National Bank, Republic, PaFirst National Bank, Hartselle, AlaFirst National B ank, Jackson, MissNational Bank of Thurmond, Thurmond, W. Va_.First National B ank, Fairchance, PaNational Bank of Toronto, Toronto, OhioFirst National Bank, La Pine, AlaLincoln National Bank, Avella, PaAmerican National Bank, Paris, Tex -_..Citizens National Bank, Wilmington, OhioSecurity National Bank, Hope, N. Dak ___.First National Bank, Stone, KyBlossom National Bank, Blossom, TexCoolville National Bank, Coolville, OhioFirst National Bank, Veedersburg, IndFirst National Bank, Champlain, N. YFirst National Bank, Rouses Point, N. YFirst & Farmers National Bank in Luverne, Minn.First National Bank, Portage, PaCentral National Bank, Ellsworth, KansFirst National Bank, Rockwell, IowaFirst National Bank, Worthington, W. VaNational Bank of Norton, Norton, VaFirst National Bank, Oak Park, 111Austin National Bank, Chicago, 111First National Bank, Ivanhoe, Minn._Orangeburg National Bank, Orangeburg, S. C.i__.First National Bank, Macedon, N. YWoodlynn National Bank, Woodlynn, N. JFirst-Rempel National Bank, Logan, OhioSecond National Bank, Altoona, PaMonongahela National Bank, Brownsville, Pa
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE N O . 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
toCO00
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
First National Bank, Richwood, Ohio _Citizons National Bank, Monessen, Pa.1Nobel County National Bank, Caldwell, Ohio K..First National Bank, Masontown, Pa _Central National Bank & Trust Co., St. Peters-
burg, Fla -Merchants National Bank, Point Pleasant, W.Va.i.First National Bank, Waldron, ArkFirst National Bank, Langdon, N. Dak.iFirst National Bank, Brandt, S. DakFirst National Bank, Millsboro, PaFirst National Bank, Tracy, MinnOld National City Bank, Lima, Ohio _National Bank of Kinston, Kinston, N. CFirst National Bank, Kinston, N. C . _First National Bank & Trust Co., Paris, Ill.iFirst National Bank, Pomeroy, IowaFirst National Bank, Terra Bella, CalifCommercial National Bank, Essex, IowaFarmers National Bank, Hickory, Pa__Savona National Bank, Savona, N. Y._Montgomery County National Bank, Cherryvale,
Kans _._ - -Security National Bank, Milford, Iowa_Peoples National Bank, Shakopee, MinnFirst National Bank, Dawson, MinnOverbrook National Bank, Philadelphia, PaFirst National Bank, Crary, N. DakAlbany Park National Bank & Trust Co., Chicago,
Farmers National Bank, Pomeroy, Wash.Citizens National Bank, Odessa, TexFirst National Bank, Holton, Kans__Iron National Bank, Ironwood, Mich_,__.First National Bank, Smithfleld, Pa _.
91991148721025441
779615045849480210893731049928701904490853376
5803740511349
47499298116856321125736407
117371141681693061114696642
Jan. 24,1908Oct. 18,1919Mar. 18,1873M a y 10,1900
Apr. 18,1905July 18,1865M a y 17,1901Sept. 28,1892June 24,1916June 11,1904Feb. 21,1895Mar. 29,1907Feb. 14,1908Feb. 25,1908July 16,1885Dec. 10,1901Sept. 28,1910Apr. 22,1901Aue. 17,1904Apr. 23,1919
M a y 21,1892Nov. 27,1908Apr. 12,1920June 6,1902July 1,1924Aug. 20,1902
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
McCartney National Bank, Green Bay, WisNational Bank of Lynwood, Lynwood, CalifFirst National Bank, Prattville, AlaFirst National Bank, Fowler, IndFirst National Bank, Irvona, PaCitizens National Bank, Warren, PaFirst National Bank, Smithfield, Ohio 1Washington Park National Bank, Chicago, 111Inland-Irving National Bank, Chicago, 111First National Bank, Mountain Lake, MinnCommercial National Bank, Hattiesburg, MissFarmers National Bank, Cross Plains, TexManufacturers National Bank & Trust Co., Rock-
ford, 111Mahaffey National Bank, Mahaffey, PaFirst National Bank, St. Clair Shores, MichSecurity National Bank, Rockford, 111 .Peoples National Bank, Delmont, PaFirst National Bank, Downers Grove, 111First National Bank, Chillicothe, MoPlanters National Bank, Saluda, S. CWaukegan National Bank, Waukegan, 111Bottineau National Bank, Bqttineau, N. DakKingwood National Bank, Kingwood, W. Va.Merchants National Bank, Willow City, N. Dak-Citizens National Bank, Jenkintown, PaFirst National Bank, Watseka, 111Peoples National Bank of Winston, Winston-
Salem, N. CFirst National Bank, Morrison ville, 111First National Bank, Elliott, IowaFirst National Bank, Genoa, N. YFirst National Bank, Bagley, IowaFirst National Bank, Blissfield, MichFirst National Bank, Dearborn, MichFirst National Bank, Royal Oak, MichFirst National Bank, Beggs, OklaFirst National Bank, Federalsburg, Md.9
First National Bank, Mechanicville, N. YBoston Nat,onal Bank, South Boston, VaSecond National Bank, New Hampton, IowaFirst National Bank, Scobey, Mont _.Will County National Bank, Joliet, 111First National Bank, Stronghurst, 111.1Floyd County National Bank, Floydada, Tex.i....Walthill National Bank, Walthill, NebrThird National Bank, New London, OhioGreenville National Bank, Greenville, MichFirst National Bank, Greensboro, AlaSteele County National Bank, Finley, N. Dak___.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
GOOO
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividends-paid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure 1First National Bank, Terrell, Tex.iFirst National Bank, Beaverdale, PaFirst National Bank, Ripley, N. YOconto National Bank, Oconto, WisUnion City National Bank, Union City, N. JNational Bank of North Hudson at Union City, N. J.First National Bank, Boyne City, MichFirst National Bank, Ryder, N. DakFirst National Bank, Plaza, N. DakFirst National Bank, Van Hook, N. DakFirst National Bank, Parshall, N. DakFirst National Bank, Maryville, MoManufacturers National -Bank, Mechanicville,
N.YColumbus National Bank, Columbus, Ohio 1
First National Bank, Polo, 111.. _First National Bank, Blythe, CalifFirst National Bank in Mount Vernon, S. DakFirst National Bank, Colony, KansNational Bank of Monticello, Monticello, Ind.19___First National Bank, Lehigh, Iowa _First National Bank, Fairchild, WisUnited States National Bank, Los Angeles, Calif. __First National Bank, Bancroft, Idaho. _.First National Bank, Wauseon, OhioFarmers National Bank, Bridgewater, S. DakPeoples National Bank,.Latrobe, Pa___First National Bank, Sweet Springs, MoQueensboro National Bank of the City of New
York, New York, N. Y... _..The Farmers National Bank, Fairfax, S. DakPrineville National Bank, Prineville, OregFirst National Bank, Lyons, GaFirst National Bank, Vidalia, Ga
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Westbrook, MinnFirst National Bank, El Paso, TexFirst National Bank, Coin, IowaFirst National Bank, Randolph, IowaFirst National Bank at Smithfield, OhioNational Bank of Defiance, Defiance, OhioSecurity National Bank, Mobridge, S. DakFirst National Bank in Alexandria, S. DakFirst National Bank, Eudora, ArkFirst National Bank, Mora, MinnPlainviaw National Bank, Plainview, TexLimon National Bank, Limon, Colo. 9First National Bank, Merrill, IowaRoekaway Beach National Bank, New York, N. Y.Labor National Bank of Montana at Three Forks,
MontBank of Pittsburgh National Association, Pitts-
burgh, PaPeoples National Bank, Salem, N. YFarmers National Bank, Trafalgar, IndInkster National Bank, Inkster, MichRogers Park National Bank, Chicago, 111First National Bank, Lynchburg, Ohio 9
Commercial National Bank & Trust Co., St.Joseph, Mich
First National Bank, Hankinson, N. DakFirst National Bank, Midland City, AlaAlderson National Bank, Alderson, W. Va _.Highland National Bank, Pittsburgh, PaFirst National Bank, Viborg, S. DakOgden National Bank, Chicago, 111First National Bank, Fort Mills, S. CFarmers National Bank, New Bedford, 111First National Bank, Bode, IowaFirst National Bank, Sisseton, S. DakFirst National Bank, Hagerstown, MdFirst National Bank, Reed City, Mich ._Peoples National Bank, Pulaski, N. YFirst National Bank, Unionville, N. YFirst National Bank, Orbisonia, PaFirst National Bank, Kewanee, 111Security National Bank, Bowie, TexNational City Bank, Ottawa, 111First National Bank, Elba, AlaFirst National Bank, Smithville, TexCalumet National Bank, Chicago, 111First National Bank, Colvilte, WashPeoples National Bank, Point Marion, PaPlanters & Merchants First National Bank, South
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
00oto
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney-
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
First National Bank, Carterville, 111National Bank of Fayette County, Uniontown, Pa-First National Bank, Carey, OhioMoshannon National Bank, Philipsburg, PaNational Mohawk Valley Bank, Mohawk, N. Y.. .Farmers National Bank, Leech burg, PaMaine Line National Bank, Wayne, PaFirst National Bank, Hastings, Nebr -First National Bank, Belington, W. VaFirst National Bank, Fairview, W. VaFirst National Bank, Deer Trail, Colo -First National Bank, Fort Stockton, Tex . . . .First National Bank, Chase City, VaFirst National Bank, Pollock, S. DakCitizens National Bank, Vandergrift, PaFirst National Bank, Auburn, NebrFarmers & Merchants National Bank, Webster,
S. Dak —Houston National Bank, Dothan, AlaFirst National Bank, Stewartville, MinnNational Bank of Sidney, Sidney, IowaGary National Bank, Gary, W. VaFirst National Bank, Anawalt, W. VaFirst National Bank, Bishop, TexFirst National Bank, Mathis, TexFirst National Bank, Yuma, ColoFirst National Bank, Brunswick, MoFirst National Bank, Isanti, MinnFirst National Bank in Versailles, Mo.West Side Atlas National Bank, Chicago, 111First National Bank, Elizabethton, TennWestmont National Bank, Westmont, N. JFirst National Bank, Roxboro, N. CFirst National Bank, Erie, 111Belvidere National Bank, Belvidere, N. J
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Lyon County National Bank, Rock Rapids, Iowa.-First National Bank, Cowen, W.VaFirst National Bank, Lake City, IowaFirst National Bank, Turkey, TexFirst National Bank, Baldwin Park, CalifFirst National Bank, Doon, IowaFirst National Bank, Blockton, IowaCity National Bank, Herrin, 111Citizens National Bank, Prosperity, S. CFirst National Bank, Newark, N. YFirst National Bank, Dexter, MoExchange National Bank, Pittsburgh, PaCitizens National Bank, Kokomo, IndCommercial National Bank, Eufaula, AlaFirst National Bank, Graceville, FlaWilcox National Bank, Wilcox, PaCity National Bank, Paducah, KyFirst National Bank, Cardington, OhioPeoples National Bank, Blairstown, N. J...First National Bank, North Rose, N. YNational Bank of Albion, Albion, 111Monongahela National Bank, Pittsburgh, PaFirst National Bank, New Windsor, MdCitizens National Bank, Philippi, W. VaFirst National Bank, Buchanan, MichFirst National Bank, Newburg, W. VaFirst National Bank, Sycamore, 111Security National Bank, Paducah, TexCitizens National Bank, Seward, PaHutchings First National Bank, Siloam Springs,
Ark _First National Bank, Alliance, Nebr__First National Bank, Somerfield, Pa_Citizens National Bank, Sedalia, MoFirst National Bank, Hoquiam, WashFirst National Bank, St. Thomas, N. Dak _First National Bank, Buena Vista, Colo.9First National Bank, Blytheville, ArkFirst National Bank, Belle Fourche, S. DakFirst National Bank & Trust Co., Monessen, Pa._First National Bank, Logansport, IndCity National Bank & Trust Co., Corpus Christi,
Tex._First National Bank, Sea Isle City, N. J...Second National Bank, Morgantown, W. VaPhoenix National Bank, Columbia, TennFirst National Bank, Pharr, Tex ._.First National Bank, Marceline, MoFirst National Bank, Noble, 111American National Bank, Dayton, Tenn
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 81, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
CO
Name and location of bank
First National Bank of Custer City, Custer, S.Dak
First National Bank, Steamboat Springs, ColoFirst National Bank, Frederic, WisFirst National Bank, Tilden, Nebr._First National Bank, Laredo, Tex.iSecond National Bank, Brownsville, Pa.1First National Bank, Houtzdale, PaFirst National Bank, Corinth, MissSecond National Bank in Youngstown, Ohio 1
Norfolk National Bank, Norfolk, NebrFirst National Bank, Brighton, ColoFirst National Bank & Trust Co., Woodbridge,
N . J —First National Bank, Zillah, Wash...First National Bank, Stanford, MontTwin Falls National Bank, Twin Falls, IdahoHopewell National Bank, Hope well, PaFirst National Bank in Gulfport, MissFirst National Bank, West Frankfort, 111First National Bank, Christopher, 111Ithaca National Bank, Ithaca, MichCitizens National Bank & Trust Co., Terre Haute,
Ind__-First National Bank, Glen Campbell, PaPeoples National Bank, Lodi, OhioCitizens National Bank, Ellwood City, PaFirst National Bank, Geneva, OhioFirst National Bank, Washington, N. C ,___.First National Bank, Chaffee, MoNogales National Bank, Nogales, ArizFirst National Bank in Aberdeen, WashFirst National Bank, Twin Falls, IdahoWest Point National Bank, West Point, NebrFirst National Bank, Dougherty, Iowa
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Sweetwater, TexFirst National Bank, Mullins, S. CFederal National Bank, Boston, MassFirst National Bank, Starkweather, N. DakFirst National Bank, Momence, 111—-First National Bank, Warsaw, N. CGillespie National Bank, Gillespie, 111First National Bank, Mound City, 111Commercial National Bank, Raleigh, N. CFirst National Bank, Victorville, CalifFirst National Bank, Chardon, Ohio J
Macksburg National Bank, Macksburg, Iowa 1Boston-Continental National Bank, Boston, Mass.First National Bank, Louisburg, N. CFirst National Bank, Brushton, N. YFirst National Bank, Venice, CalifFirst National Bank, Idaho Springs, ColoState National Bank in Lynn, MassFirst National Bank, Kingston, TennMarion National Bank, Marion, Ohio.First National Bank, Kelso, WashAmerican National Bank & Trust Co., Benton
Harbor, MichFirst National Bank, Fredericktown, OhioFirst National Bank, White House Station, N. J..First National Bank, Middleport, N. YFirst National Bank, Gasport, N. YNational Bank of Seymour, Seymour, IowaFarmers & Merchants National Bank, Roseville,
111. iItasca National Bank, Itasca, TexFirst National Bank, Cambridge, Ill.iCreighton National Bank, Creighton, NebrFirst National Bank, Lost Nation, IowaFarmers & Merchants National Bank, Enterprise,
AlaFirst National Bank, Farmer, S. DakWalnut Park National Bank, Walnut Park, Calif.National Bank of La Grange, La Grange, N. CNational Bank of Snow Hill, Snow Hill, N. CFirst National Bank in Florence, S. CPeoples National Bank, Burgettstown, FaVandeventer National Bank," St. Louis, MoBishopville National Bank, Bishopville, S. CFirst National Bank, Yorba Linda, CalifFirst National Bank, Ozark, ArkHammond National Bank & Trust Co., Ham-
mond, IndFirst National Bank in Decatur, AlaFirst National Bank in Hazard, Ky
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Name and location of bank
Farmers National Bank, Granville, N. YFirst National Bank, Osnabrock, N. DakNational Bank of Sabetha, Sabetha, KansFirst National Bank, Durham, N. C.9Home National Bank, Elgin, 111Oskaloosa National Bank, Oskaloosa, Io\*aCitizens National Bank, Long Branch, N. J .Valparaiso National Bank, Valparaiso, IndFirst National Bank in Mount Olive, 111Bozeman Waters First National Bank, Poseyville,
IndCorinth National Bank, Corinth, N. Y_ .__.Citizens National Bank, Albion, N. YFirst National Bank, Harlem, MontNational Bank of Adrian, Adrian, MoFirst National Bank, Woodward, OklaGermantown National Bank, Germantown, N. YFirst National Bank, Iowa City, IowaFirst National Bank, Culver City, CalifNational Bank of Rensselaer, Rensselaer, N. Y —Griggsville National Bank, Griggsville, 111First National Bank, Arcadia, Fla..__Nephi National Bank, Nephi, UtahElkin National Bank, Elkin, N. COcean Grove National Bank, Ocean Grove, N. J .Farmers National Bank, Pekin, 111National Bank of Whitehall, Whitehall, N. Y..._Anamosa National Bank, Anamosa, Iowa _First National Bank, Gary, IndThird National Bank, Pittsburgh, Pa.iFiist National Bank, Hiawatha, KansTrigg National Bank, Glasgow, KyBell National Bank, Pineville, KyFirst National Bank, Columbus, MontFirst National Bank, Murfreesboro, Tenn
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Harvey, 111Cumberland National Bank, Fayetteville, N. C.. .Peoples National Bank, Clinton, MoHopedale National Bank, Hopedale, 111 ._.First National Bank, Palatine, 111Washington National Bank in the City of Tacoma,
Tacoma, Wash __Middlesex National Bank, Lowell, MassFirst National Bank, Milton, OregCoast National Bank, Seaside Heights, N. JPoint Pleasant Beach National Bank & Trust Co.,
Point Pleasant Beach, N. JOlympia National Bank, Olympia, WashFirst Willapa Harbor National Bank, Raymond,
Wash.Pikesville National Bank, Pikesville, MdSouth Gate National Bank, South Gate, CalifPeoples National Bank, Wellsville, OhioFirst National Bank, Monte Vista, ColoFirst National Bank, Boswell, Pa _.First National Bank, Monterey Park, CalifFirst National Bank, Victoria, VaJoliet National Bank, Joliet, 111Commercial National Bank, High Point, N. C.._.National Bank of America at Gary, I n d . . __.First National Bank, Shelbyville, Ind_._First National Bank, Brockway, Pa.1
First National Bank in Brockway, Pa.iRockford National Bank, Rockford, 111First National Bank, Mendota, 111Mendota National Bank, Mendota, 111Sedalia National Bank, Sedalia, MoNational Bank of De Pere, De Pere, WisWayne National Bank, Goldsboro, N. CFirst National Bank, Pittsburg, Kans _.First National Bank, Cherokee, KansFirst National Bank, Newport Beach, CalifSeaside National Bank, Long Beach, CalifFirst National Bank, Craig, ColoCraig National Bank, Craig, ColoPioneer National Bank, Waterloo, IowaBurnet National Bank, Burnet, TexJohn Weedman National Bank, Farmer City, 111..First National Bank, Le Roy, Ill__First National Bank, Foosland, 111Citizens National Bank, Great Bend, Kans.First National Bank, Sedro-Woolley, WashFirst National Bank, Renovo, PaFirst National Bank, Hornell, N. YFirst National Bank, Pitcairn, Pa
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
CO
8
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure
8
H
ao
Peoples National Bank, Pitcairn, PaFirst National Bank, Trafford, PaFirst National Bank, Champaign. Ill AFirst National Bank, Bardwell, KyFirst National Bank, Hamilton, 111First National Bank, Arlington, GaFirst National Bank, Hartwell, GaCity National Bank, Knoxville, Tenn.1First National Bank, Alexis, 111.1.. _Citizens National Bank, Kendallville, IndFirst National Bank of Bay Point, Port Chicago,
CalifFirst National Bank, Alva, OklaSecurity National Bank, Fairfield, IdahoNational Bank of Commerce, Garnett, KansMerchants National Bank, Brownsville, TexMerchants National Bank, Defiance, Ohio iFirst National Bank, Defiance, Ohio l
First National Bank, Lonaconing, Md.19
First National Bank, Fairfax, Okla-First National Bank, Nebo, 111.3 -First National Bank, Glasgow, Ky ._Forest City National Bank, Rockford, 111First National Bank, Highland, Kans..First National Bank, Albion, 111.1Albion National Bank, Albion, 111.1Coggin National Bank, Brownwood, Tex.19
First National Bank, Roscoe, Tex.1» __Bayard National Bank, Bayard, W. VaFirst National Bank in Driggs, IdahoFirst National Bank, Lafayette, ColoCitizens National Bank & Trust Co., Hornell, N.Y_National City Bank, Tampa, Fla.1.Douglass National Bank of Chicago, Chicago, I1L_United States National Bank, La Grande, Oreg.1..
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, South Glens Falls, N. YHancock National Bank, Sparta, GaUnited States National Bank, Iron Mountain,
MichCitizens National Bank, Salmon, IdahoFirst National Bank, Hartington, Nebr_First National Bank, Crofton, NebrBaraga County National Bank, L'Anse, MichLiberty National Bank, Waco, Tex.i _.First National Bank, Beverly Hills, Calif. __National Bank of Rolla, Rolla, MoFirst National Bank, Jayton, Tex__Washington National Bank, New York, N. Y.L__.First National Bank, Sutersville, PaFirst National Bank, Rock Falls, 111Leominster National Bank, Leominster, MassFirst National Bank, Sheffield, IowaHenderson National Bank, Henderson, KyNew Jersey National Bank & Trust Co., Newark,
N. JHolston National Bank, Elizabethton, Tenn.iAlliance National Bank of Chicago, Chicago, 111...First National Bank, Arlington, NebrFirst National Bank, Whitesburg, KyFirst National Bank, Etowah, TennBowmanville National Bank of Chicago, Chicago,
First National Bank, Oneida, 111Boonville National Bank, Boonville, Mo '..,Hurley National Bank, Hurley, WisFirst American National Bank & Trust Co.,
Berwyn, 111 _Columbia National Bank, Columbia Heights,
MinnSan Bernardino National Bank, San Bernardino,
CalifJefferson Park National Bank of Chicago, Chicago,
National Bank of Milton, Milton, IowaJackson Park National Bank of Chicago, Chicago,
111.Standard National Bank of Chicago, Chicago, 111..Ravens wood National Bank, Ravenswood, 111First National Bank, Wilmette, 111National Bank of Woodlawn of Chicago, Chicago,
First National Bank, Martinville, IndFirst National Bank, Mesa, ArizMidland National Bank of Chicago, Chicago, 111.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
'TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money and total deposits at date of failure—Continued
COI—LO
Organization
Name and location of bank Char-terno.
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
South Ashland National Bank of Chicago,Chicago, 111.
Peoples National Bank & Trust Co. of Chicago,Chicago, 111
First National Bank, Maquoketa, IowaFirst National Bank, Thompson, IowaFirst National Bank, Gardener, 111West Hollywood First National Bank, West
Hollywood CalifGuernsey National Bank, Cambridge, Ohio iFirst National Bank, Willoughby, Ohio iFirst National Bank, Spartanburg, S. CHyde Park-Kenwood National Bank of Chicago,
Chicago, 111First National Bank, Tyndall, S. DakFirst National Bank in Kerman, Calif... ._..Farmers National Bank in Vinton, Iowa__ _.First National Bank, Davidsville, PaFirst National Bank, Riverside, 111State National Bank, in Terrell, TexFirst National Bank, Waynesboro, MissFirst National Bank in Aurora, 111First National Bank & Trust Co., Chicago Heights,
111First National Bank, Burns, OregState National Bank, Iowa Falls, IowaPulaski National Bank, Pulaski, N. YFirst National Bank, Jenkins, KyRoss County National Bank, Chillicothe, Ohio—.Consolidated National Bank, Dubuque, IowaPeoples National Bank & Trust Co., Sullivan, Ind.Commercial National Bank, Waterloo, IowaClearfield National Bank, Clearfield, PaFirst National Bank, Enterprise, Ala 1
First National Bank, Artesia, Calif
13253
1331199950549406
11025194211994184813235
679212584132631140712386132871341313655
5876629575211496100621172232753922910483663198063
Nov. 2,1928
Apr. 2,1929Feb. 20,1865Dec. 21,1896Apr. 21,1909
June 21,1917Jan. 16,1872Apr. 26,1921June 5,1871Aug. 1,1928
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Whitley National Bank, Corbin, KyCity National Bank, Sumter, S. C.1Farmers National Bank, Wewoka, OklaFirst National Bank, Thomasville, GaFirst National Bank, Sylacauga, AlaProducers National Bank, Tulsa, Okla.1Monroe National Bank, Monroe, N. YSpencer National Bank, Spencer, IndFirst National Bank, Leland, 111Buchanan County National Bank, Independence,
Iowa__-First National Bank in Sioux Rapids, IowaFirst National Bank, Adams, MinnFirst National Bank, Northwood, IowaBoise City National Bank, Boise, Idaho- ___.First National Bank, Gulfport, Miss.1First National Bank, Eldora, IowaFirst National Bank, Ackley, IowaFirst National Bank, Milton, N. DakFirst National Bank, Aurora, 111.1First National Bank, Mount Olive, 111.1First National Bank & Trust Co. in Pontiac,
Mich.1National Bank of Unionville, Unionville, MoFirst National Bank, Sevierville, TennFirst National Bank, Silverton, OregFirst National Bank, Indianola, Iowa.First National Bank, Lawrenceville, 111Twin City National Bank, Bluefield, Va - . . .First National Bank, George West, Tex.2First National Bank, Marengo, 111Broadway National Bank of Chicago, Chicago,
in.1 ;__.Citizens National Bank, Indiana, PaParma National Bank, Parma, IdahoFirst National Bank, Northboro, IowaFirst National Bank, Yukon, PaAshland National Bank, Ashland, Ky.1American National Bank, Gillespie, 111.1 _.Springfield National Bank, Springfield, PaFirst National Bank, Cairnbrook, PaFirst National Bank, Wendell, MinnFirst National Bank, Peetz, ColoFirst National Bank, Emporium, Pa._First National Bank, Frazee, MinnFirst National Bank, Letcher, S. DakCentral National Bank, Decatur, Ala.1Brown National Bank, Jackson, MinnCitizens National Bank, Wessington, S. DakFirst National Bank, Vincennes, IndAndalusia National Bank, Andalusia, Ala
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Liberty National Bank, Dickson City, Pa _First National Bank, Lewisville, IncLFirst National Bank, Mazon, 111First National Bank, Egan, S. DakFirst National Bank, Story City, Iowa.___.First National Bank, Wyoming, Iowa i»First National Bank, Gormania, W. Va.1
First National Bank, Greensburg, Kans.First National Bank, Scappoose, Oreg_.Homer City National Bank, Homer City, PaFirst National Bank, Reynolds, GaFirst National Bank, Palestine, 111First National Bank, Springfield, OregMasontown National Bank, Masontown, Pa.1
First National Bank, Portsmouth, Va.iUnited States National Bank, Deer Lodge, M o n t . .McDowell County National Bank, Welch, W. Va.iSchmelz National Bank, Newport News, Va l
National Citizens Bank, Lake Benton, MinnFirst National Bank, Crosby, N . Dak _First National Bank, Flandreau, S. DakFirst National Bank, St. Francis, Kans _.Farmers National Bank, Gonzales, TexDiamond National Bank, Pittsburgh, PaDawson City National Bank, Dawson, GaPark National Bank, Sulphur, OklaFirst National Bank Allen OklaDuquesne National Bank, Pittsburgh, Pa__Shawnee National Bank, Shawnee, OklaFirst National Bank, McLoud, Okla.._United States National Bank & Trust Co., Keno-
sha, WisTecumseh National Bank, Tecumseh, OklaFirst National Bank, Washington, Mo.__ „First National Bank, Ocean City,N. J
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Painesville National Bank, Painesville, Ohio 1
Granville National Bank, Granville, N. Y.1
First National Bank, Rensselaer, Ind.1 9
First National Bank, Dillwyn, Va.1
Ayers National Bank, Jacksonville, 111City National Bank, Georgetown, TexFirst National Bank, Webster City, IowaBelmont National Bank, Belmont, Ohio *2
Gadsden National Bank, Gadsden, Ala. _.First National Bank, Lincoln, AlaFirst National Bank, Woodlake, CalifFirst National Bank, Ephrata, Wash ...First National Bank, Faulkton, S. DakReno National Bank, Reno, NevFirst National Bank, Winnemucca, NevEnumclaw National Bank, Enumclaw, Wash.1»_.Public National Bank & Trust Co., Houston, Tex.1
Merchants National Bank, Wadena, MinnFirst National Bank, Motley, MinnFirst National Bank, Fort Games, Ga.-_Allenwood National Bank, Allenwood, Pa.1 __.First National Bank, Chester, W. VaFirst National Bank, Marshfield, Wis_ -First National Bank, Iowa Falls, IowaMills County National Bank, Glenwood, IowaFirst National Bank, Rocksprings, TexCitizens National Bank, Glenwood Springs, Colo...First National Bank, Ortonville, MinnFirst National Bank, Hermosa Beach, CalifWinder National Bank, Winder, GaFirst National Bank, Centerline, MichFirst National Bank, Russiaville, IndPutnam National Bank, Palatka, Fla - -First National Bank, Herrin, HI— -Third National Bank, Mount Vernon, 111First National Bank, George, Iowa. . -First National Bank, Englewood, KansFirst National Bank, Monrovia, IndCitizens Security National Bank, Sisseton, S. Dak.First National Bank, Ellwood City, PaFirst National Bank, Fowler, KansFirst National Bank, Greenfield, 111First National Bank, St. Marys, KansFirst National Bank, Yale, MichFirst National Bank, Sodus, N. YFirst National Bank, Anna, 111First. National Bank, Littleton, Colo . .St. Louis National Bank, St. Louis, MoFirst National Bank, Maryville, TennJackson National Bank in Jackson, Minn
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure
First National Bank in Mamaroneck, N. YLiberty National Bank, Marine City, MichFirst National Bank, Algonac, MichArlington National Bank, Arlington, OregFirst National Bank, Wheaton, 111Snell National Bank, Winter Haven, Fla.1Twelfth Street National Bank, St. Louis, MoFarmers National Bank, Taylorville, 111East Tennessee National Bank, Knoxville, TennAFirst National Bank, Madison, NebrFirst National Bank, Buffalo Center, IowaSecurity National Bank, Alexandria, S. Dak.iCalifornia National Bank, Sacramento, CalifFirst National Bank, Wellington, ColoCommercial National Bank, Columbus, NebrFirst National Bank, Morristown, TennFirst National Bank, Statesville, N. CChelsea—Second National Bank & Trust Co.,
Atlantic City, N. JNational Exchange Bank, Waukesha, Wis.1First National Bank, Manilla, IowaFirst National Bank, Craig, NebrAtlantic City National Bank, Atlantic City, N. J__First National Bank, Steelville, MoCity National Bank, Oshkosh, WisFirst National Bank, Roodhouse, 111First National Bank, Leigh, NebrFirst National Bank, Ballston Spa, N. Y.iLincoln Park National Bank, Lincoln Park, Mich_First National Bank, Heppner, OregFarmers & Stock Growers National Bank, Hepp-
ner, OregPleasantville National Bank, Pleasantville, N. J___First National Bank, Ridgway, 111
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Secor, 111Citizens & Security National Bank, St. James,
MinnNokomis National Bank, Nokomis, 111First National Bank, North Bend, NebrFirst National Bank, Lumberton, Miss.First National Bank, Hunts ville, Tenn. _.Citizens National Bank, Irwin, Pa.1Union National Bank, Fremont, NebrAshland National Bank, Ashland, WisNorthern National Bank, Ashland, WisBozeman Waters National Bank, Poseyville, Ind.i-First National Bank, Pitsburg, Ohio 1First National Bank, Sioux Rapids, Iowa 19
Sunrise National Bank & Trust Co., Baldwin,N. Y.
First National Bank, Oceanside, CalifFirst National Bank, Carlsbad, CalifFirst National Bank, LeSueur, MinnCitizens National Bank, New Brunswick, N. JMcDaniel National Bank, Springfield, Mo.'Fort Collins National Bank, Fort Collins, ColoFirst National Bank, Avon-by-the-Sea, N. J.1Commercial National Bank, Washington, D. CMarlin-Citizens National Bank, Marlin, Tex.2Smith National Bank, St. Edward, NebrFirst National Bank, Rockport, IndLiberty National Bank, Pawhuska, Okla.iNational Exchange Bank, Chester, S. C.sFirst National Bank, The Dalles, OregFirst National Bank, Hampstead, Md.5Continental National Bank, Indianapolis, Ind.i...Broad Street National Bank, Red Bank, N. J.7Cherokee National Bank, St. Louis, Mo.7American National Bank, Rushville, Ind.6Central National Bank, Oakland, Calif.7Guardian National Bank of Commerce, Detroit,
Mich.7First National Bank, Detroit, Mich.7First National Bank, Kitzmillerville, Md.7First National Bank, Massillon, Ohio 7
Citizens National Bank, Greeneville, Tenn.7First National Bank, Silverton, Tex.7Citizens National Bank, Frostburg, Md.7Citizens National Bank, Appleton, Wis.iCitizens National Bank, Richmond, Ky.sBritton & Koontz National Bank, Natchez, Miss.7.National Loan & Exchange Bank, Columbia,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends^ paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
CO
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
First National Bank, Claxton, Ga.2 7
City National Bank, Huntington Park, Calif.7First National Trust & Savings Bank, Chico, Calif.7First National Bank, Garden City, Kans.7First National Bank, Franklin, N. Y.7_Pelham National Bank, Pelham, N. Y.7Douglaston National Bank, New York, N. Y.7First National Bank in Lott, Tex.7First National Bank, Augusta, Kans.7First National Bank, Kingfisher, Okla.8Farmers National Bank, Henderson, Iowa 7 .-First National Bank, Farnhamville, Iowa 7
First National Bank, Ripley, Tenn.18_ -First National Bank, Rialto, Cali.7Athol National Bank, Athol, Mass.7First National Bank, Everly, Iowa 7
Brasher Falls National Bank, Brasher Falls, N. Y.7-Millers River National Bank, Athol, Mass.7Mount Holly National Bank, Mount Holly, N. J.7.Larchmont National Bank & Trust Co., Larch-
mont, N. Y.7Central National Bank, Spartanburg, S. C.7 ._Peoples National Bank, Delta, Pa.7First National Bank, Burnside, Ky.7First National Bank, Jefferson City, Mo.iAnsted National Bank, Ansted, W. Va.7First National Bank, Ansonia, Ohio 7— -Millersville National Bank, Millersville, Pa.7Citizens National Bank, Mulberry, Ind.7First National Bank, Hoopeston, 111.7.First National Bank, Albany, Oreg.7First National Bank, Clintonville, Wis.7First National Bank, Mebane, N. C.7.First National Bank, Oakley, Kans.7Rockland National Bank, Rockland, Maine7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Trinidad National Bank, Trinidad, Colo.7Montezuma Valley National Bank, Cortez, Colo.7_First National Bank, Gig Harbor, Wash.7
South Side National Bank, St. Louis, Mo.7
First National Bank, Eutaw, Ala.7. _ . .First National Bank, Verona, Pa.7
Citizens National Bank, Monticello, Ky.7
First National Bank, Dunkirk, Ohio 7
Peoples National Bank, Seymour, Mo.7
First National Bank, Ellis, Kans.7
First National Bank, Oberlin, La . 7 . . .First National Bank, Fairmont, N. C.7Maple Shade National Bank, Maple Shade, N. J.7_Union and Peoples National Bank, Jackson, Mich.7
First National Bank, Haverhill, Mass.7
Essex National Bank, Haverhill, Mass.7.First National Bank, Lebanon, Ind.7
First National Bank, Louisa, Va.7 ._First National Bank, Lorimor, Iowa 7.First National Bank, Clearfield, Iowa 7
National Bank of Commerce, Amarillo, Tex.1
Prairie Depot National Bank, Freeport, Ohio 1Cedar Grove National Bank, Cedar Grove, Ind.7 . .First National Bank, Peru, Ind.7_First National Bank, Clay Center, Kans.7
Merchants National Bank, Clinton, Iowa 1First National Bank & Trust Co., Baraboo, Wis.7.First National Bank, Stockport, Ohio2 7 _.First National Bank, Waynoka, Okla.7
First National Bank, Thief River Falls, Minn. 7 . . .First National Bank, Utica, Nebr. «7
First National Bank, Adams, Nebr.7
First National Bank, Carnegie, Okla. 27
First National Bank, La Veta, Colo.2 7
First National Bank, Hicksville, Ohio 7
First National Bank, Elmore, Ohio 7
Exchange National Bank, Marietta, Pa. 27First National Bank, Kansas, Ohio 7
First National Bank at Pontiac, Mich.7
First National Bank, Hart, Mich.7
Tri-County National Bank, Oliver Springs, Tenn.7.Midway National Bank, Midway, Pa.7
First National Bank, Fleming, Ky.7
First National Bank, Newfield, N. J.2 7
First National Bank, Midland Park, N. J.7
First National Bank, Hatton, N. Dak*.. .First National Bank, Oakland, Nebr.7
First National Bank, Newell, Iowa 7
Kosse National Bank, Kosse, Tex.7
City National Bank and Trust Co., Niles, Mich.7.Footnotes at end of table, p. 331.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Westside National Bank, West Paterson, N . J.7..._Grand Rapids National Bank, Grand Rapids,
Mich.7
First National Bank, Bruin, Pa.7
First National Bank, New Matamoras , Ohio 7
First National Bank, Beallsville, Ohio 7
First National Bank, Nappanee, Ind.7
Olney National Bank, Hartford, Mich.7
First National Bank, Crescent City, 111.7
First National Bank, Carrier Mills, 111.7
First National Bank, Sidell, 111.7
First National Bank, Odin, 111.7First National Bank, Ironton, Minn.7
First National Bank, Beason, 111.7 _ _First National Bank, Glenvil, Nebr.7First National Bank, La Harpe, Kans.7 . _ .Newman National Bank, Newman, 111.7—.Citizens National Bank, Brazil, Ind.7 .-Peoples-American National Bank, Princeton, Ind.7-First National Bank, Meadow, Tex.7Central Park National Bank, Central Park, N. Y.7.First National Bank and Trust Co., Cambridge
City, Ind 7
First National Bank of Marshall County at Ply-mouth, Ind.7
First National Bank, Montpelier, Ind.7 .First National Bank, Boswell, Ind.7First National Bank, Clinton, Ind.7Rosedale National Bank, Rosedale, Ind.7First National Bank, Cayuga, Ind.7Whiteland National Bank, Whiteland, Ind.7First National Bank, Wakarusa, Ind.7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Lynch National Bank, Lynch, Ky.7
Cherokee National Bank, Cherokee, Okla.7First National Bank in Cement, Okla.7
Madison National Bank, Tallulah, La.7
Farmers National Bank, Cherokee, Okla.2 7
First National Bank, Kanawha, Iowa 7
Merchants National Bank, Galena, 111.7First National Bank, Central City, Colo.7First National Bank, Freeport, 111.7Galena National Bank, Galena, 111.7First National Bank, Mancos, Colo.7First National Bank, Almont, Mich.7
First National Bank, Brighton, Mich.7
National Bank of Covington, Covington, Ind.2 7-_.First National Bank, Ridge Farm, 111.7First National Bank, Oxford, Ala.7
First National Bank, New Richland, Minn.7
Knoxville-Citizens National Bank & Trust Co.,Knoxville, Iowa 7 ._
Second National Bank, Bel Air, Md 7
Farmers & Merchants National Bank, Bel Air,Md.7
First National Bank, Havensville, Kans.7
Citizens National Bank, Romeo, Mich.7
Citizens National Bank, Hammond, N. Y.2 7
First National Bank, Goodhue, Minn.7
Mount Ephraim National Bank, Mount Ephraim,N. J.7
First National Bank, Somers Point, N. J.7 .__.Mechanics National Bank & Trust Co., Millville,
N. J.7
First National Bank, Plumville, Pa.7
First National Bank, Cherry Tree, Pa.7
National Bank of Newport, Newport, N. Y.7First National Bank in Avon-by-the-Sea, N. J.7__.First National Bank, Birmingham, Mich.7
First National Bank, Channing, Tex.7
First National Bank, Fosston, Minn.7
Harriman National Bank & Trust Co. of the Cityof New York, New York, N. Y7
First National Bank, Avoca, Mich.7.First National Bank, Waverly, N. Y.37
National Central Bank, Cherry Valley, N. Y.7First National Bank in Salem, Oreg.7First National Bank, Humboldt, Iowa 7
First National Bank, Lake Benton, Minn.1
First National Bank, Grantsville, Md.7
National Bank of Wyoming, 111.7First National Bank, Oak Harbor, Ohio7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 193'4, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
Millington National Bank, Millington, Mich.7First National Bank, Valier, Mont.7First National Bank, Conrad, Mont.7Farmers National Bank, Geneva, Ala.7Harveysburg National Bank, Harveysburg, Ohio 7.First National Bank, Hankins, N. Y.7First National Bank, Oregon, Wis.7First National Bank, Ypsilanti, Mich.7Peoples National Bank, Monmouth, 111.7First National Bank, Shawano, Wis.7First National Bank, Dallas City, 111.7First National Bank, Woodstock, Minn.7First National Bank, Neisville, Wis.7Falls National Bank, Niagara Falls, N. Y.7First National Bank of Commerce, Tarpon Springs,
Fla.7First National Bank, Marseilles, 111.7Farmers National Bank, Cambridge, 111.2 7
First National Bank, Shullsburg, Wis.7Pleasant Unity National Bank, Pleasant Unity,
Pa. 7Earlville National Bank, Earlville, 111.7First National Bank in Braidwood, 111.7 _..First National Bank & Trust Co., Bloomington,I11.27.First National Bank, Mineral Wells, Tex.iFirst National Bank, Cresco, Iowa 7
First National Bank, Chelsea, Iowa 7
First National Bank, Graettinger, Iowa 7
First National Bank, Stanton, Iowa 7
New London National Bank, New London, Iowa 7.First National Bank, Hubbard, Iowa 7
Farmers National Bank, Kingsley, Iowa 7_.Farmers National Bank, Aledo, 111.7First National Bank, Grand River, Iowa 7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
National Bank of West, Tex.* 6First National Bank, Le Mars, Iowa 2 7
First National Bank, Marathon, Iowa 7
First National Bank, Rock Valley, Iowa 7
First National Bank, Dunkerton, Iowa 7
First National Bank, Little Rock, Iowa 7
First National Bank, St. Angsar, Iowa 7
First National Bank, Whiting, Iowa 7 _.First National Bank, Ashton, Iowa 7 . .First National Bank, Port Norris, N. J . 7 -First National Bank, Aurora, Colo.7Federal-American National Bank & Trust Co.,
Washington, D. C.7
Commercial National Bank, Wilmington, 111.7First National Bank, Grayville, 111.7First National Bank, Steward, 111.7First National Bank, Compton, 1117
First National Bank, Ransom, 111.7Central City National Bank, Central City, Nebr.7.First National Bank, Sheridan, 111.7Farmers National Bank, Dahlgren, 111.7Farmers National Bank, Viola, 111.7Old-First National Bank & Trust Co., Fort Wayne,
Ind.7First National Bank, Lindsay, Calif. 1First National Bank, Jewell Junction, Iowa 7
First National Bank, Exira, Iowa7
First National Bank, New Berlin, Pa.7—Citizens National Bank, Dickson, Tenn.7. __.First National Bank, Hawkeye, Iowa 7
First National Bank, Goldsboro, Pa . 7 -First National Bank, Mansfield, Ark.7 _.Webster National Bank, Webster, Mass.7
First National Bank in Derry, Pa.7
Lehigh National Bank, Philadelphia, Pa.7
First National Bank, Portland, Maine 7__ _.Peoples-Ticonic National Bank,Waterville, MaineHamilton County National Bank, Cleves, Ohio 7_..Springvale National Bank, Springvale, Maine 7~--District National Bank, Washington, D. C.7Security National Bank, Jackson, Tenn.7
First National Bank, Richmond. Mich.7_Uniontown National Bank & Trust Co., Union-
town, Pa.iChattanooga National Bank, Chattanooga, Tenn.7-Presque Isle National Bank, Presque Isle, Maine 7-Coast National Bank, Fort Bragg, Calif.7Brandon National Bank, Brandon, Vt.7
First-Henry National Bank, Henry, 111.7 ___First National Bank, Park Rapids, Minn.7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
First National Bank, Monroeton, Pa.7 _Jefferson County National Bank, Brookville, Pa.7_.First National Bank, Medford, Wis.iFirst National Bank, Joliet, 1117
First National Bank, Earlville, 111.7First National Bank, Woodruff, S. C.7
National Bank of Ellensburg, Wash.7
First National Bank, Sylvester, Tex.27 __First National Bank in Blooming Grove, Tex.7
National White River Bank, Bethel, Vt.7
Belton National Bank, Belton, Tex.7
National Bank of Fairmont, W. Va.7
Clyde National Bank, Clyde, Tex.7___ __Citizens National Bank, Llano, Tex.2 7
Richmond National Bank, New York, N . Y.7
Security National Bank, Wichita Falls, Tex.iFirst National Bank, Versailles, M0.1First National Bank, Wilsonville, 111.7
Webster National Bank, Webster, N . Y.7
First National Bank, Grand Forks, N . Dak.7
First National Bank & Trust Co., Petersburg, Va.7__Jackson National Bank, Jackson, Minn.iFirst National Bank, Montour, Iowa 7
First National Bank, Elma, Wash.7
First National Bank, Murray, Ky.7
National Black River Bank, Proctorsville, Vt.7
First National Bank, Marion, Ind.7
First National Bank, Wilkinsburg, Pa.7
First National Bank, Atwood, 111.7
First Lake County National Bank, Libertyville,111.7 _ _ _ _ _
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Florence, Ariz.7««*=*^^~.--.American Exchange National Bank, St. Louis,
Mo.7
National Bank of Anaconda, Mont.7
First National Bank of The Thousand Islands,Alexandria Bay, N. Y.7
First National Bank, Morrison, 111.7 -.Chilton National Bank, Ghilton, Wis.7
First National Bank, La Harpe, 111.7First National Bank, Swanville, Minn.7
Romulus National Bank, Romulus, N. Y.7
First National Bank, Ceylon, Minn.7
First National Bank, Keyser, W. Va.7
First-Kenmare National Bank, Kenmare, N. Dak.7.First National Bank, Cambridge, Minn.7
First National Bank, Rock Lake, N. Dak.7
First National Bank, Marmarth, N. Dak.7
Farmers National Bank, Hendricks, Minn.7
Farmers & First National Bank, New Castle, Ind.7.First National Bank, Holland, Minn.7
Tulpehocken National Bank & Trust Co., Phila-delphia, Pa.7
First National Bank, Tamaroa, 111.7State National Bank, Windsor, Vt.7
First National Bank, White Lake, S. Dak.7
Farmers & Merchants National Bank, Milbank,S. Dak.i
First National Bank, Gary, S. Dak.7
First National Bank, Hayti, S. Dak.7
First National Bank, White Bear Lake, Minn.7-.--First National Bank, Manistee, Mich.7
First National Bank, Del Rio, Tex.iFirst National Bank, Rochester, Mich.7
Day & Night National Bank, Pikeville, Ky.iFirst National Bank, Stone Lake, Wis.7
First National Bank, Canton, S. Dak.7
Farmers National Bank, Freeport, Pa.7
First National Bank, Canton, 111.7Canton National Bank, Canton, 111.7Millbury National Bank, Millbury, Mass.7
Union National Bank, Atlantic City, N. J.1
First National Bank, Arthur, 111.7First National Bank, Columbus, N. J.7Union National Bank, Fostoria, Ohio7
First National Bank of Douglas County at CastleRock, Colo.7
Cooperstown National Bank, Cooperstown, N. Y.7.Mountains National Bank, Tannersville, N. Y.7__.First National Bank, St. Albans, W. Va.7First National Bank, Portsmouth, Ohio7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
CO
Name and location of bank
Organization
Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldepositsat date of
failure
Orange National Bank, Orange, N. J.7First National Bank, Canonsburg, Pa.7 .National Citizens Bank, Charles Town. W. Vs.*...Union National Bank, New Castle, Pa.1First National Bank, New Wilmington, Pa.7National Bank of Clayville, N. Y.7First National Bank in Gallup, N. Mex.7First National Bank, Dickinson, Tex.iNational Shoe & Leather Bank, Auburn, Maine 7.First National Bank, Hull, Iowa7 ICitizens National Bank, Caldwell, Ohio7
First National Bank, Summerfield, Ohio7
First National Bank, East Orange, N. J.7Noble County National Bank in Caldwell, Ohio7.First National Bank in Gibsland, La.7Bellefontaine National Bank, Bellefontaine, Ohio IFirst National Bank, Swayzee, Ind.7.._Hastings National Bank, Hastings, Mich.7First National Bank, Paw Paw, Mich.7 _Welden National Bank, St. Albans, Vt.7First National Bank in Bessemer, Ala.7First National Bank, Hancock, Md.7___ _First National Bank. Russellton, Pa.7First National Bank, Wyandotte, Mich.7.First National Bank, Litchfield, Nebr.7...First National Bank, Lykens, Pa.7 _First National Bank, Woodsfield, Ohio7..Public National Bank, Rochester, N. H.7Exchange National Bank, Hastings, Nebr.iCommercial National Bank, Fond du Lac, Wis.7.Morris National Bank, Morris, Minn.7First NationalBank, Chattanooga, Tenn.i«Pittsfield National Bank, Pittsfield, Maine7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Finleyville, Pa.7Farmers National Bank, Lake Geneva, Wis.7First National Bank, Branchville, N. J.7..Palmyra National Bank, Palmyra, N. J.7Fort Fairfield National Bank, Fort Fairfield,
Maine 7.First National Bank, Crafton, Pa.7...First National Bank, Roseto, Pa.7Calais National Bank, Calais, Maine 7
Farmers National Bank, Houlton, Maine 7
Citizens National Bank, Stoughton, Wis.7_._First National Bank, Burnham, Pa.7Farmers & Wabash National Bank, Wabash, Ind.7_Montpelier National Bank, Montpelier, Ohio 7
First National Bank, Monticello, 111.7First National Bank, Savanna, 111.7..First National Bank, Mascoutah, 111.7State National Bank, Peru, 111.7First National Bank, Chadwick, 111.7First National Bank, Vermilion, 111.27
First National Bank, Hampshire, 111.7National Bank of Niles Center, 111.7National Bank of Bellows Falls, Vt.7Caribou National Bank, Caribou, Maine 7.First National Bank in Ponca City, Okla.7Anaheim First National Bank, Anaheim, Calif.7—Farmers-Merchants National Bank, Princeton,
Wis.7 -Crestwood National Bank, Tuckahoe, N.Y.7Mount Airy National Bank in Philadelphia, Pa.7_.Commercial National Bank in Jefferson, Tex.iNational Bank of Pico, Calif.7National Bank of Orange County at Chelsea, Vt.7..Miners National Bank, Ishpeming, Mich.7-First National Bank, What Cheer, Iowa 2 7
First National Bank, Birdsboro, Pa.7Salt Springs National Bank, Syracuse, N. Y.7Wilshire National Bank, Los Angeles, Calif.7Cedar Rapids National Bank, Cedar Rapids, Iowa1.First National Bank, Darby, Pa.7Seven Vallevs National Bank, Seven Valleys, Pa.7_First National Bank & Trust Co., Yonkers, N. Y.7.Edisto National Bank* Orangeburg, S. C.7First National Bank, Eaton, Colo.7--First National Bank, Olive, Calif.7-First National Bank, Radcliffe, Iowa 1Mount Vernon National Bank & Trust Co., Mount
Vernon, Ind.*First National Bank, Conway, Wash.2 7First National Bank, Van Buren, Maine 7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
COtoO
Name and location of bank
Commercial National Bank, San Antonio, Tex.2 3 7
National City Bank, New Kochelle, N. Y.7First National Bank, Greenup, Ky.7First National Bank, Linton, Ind.7First National Bank, Logan, W. Va.7First National Bank, Youngsville, Pa.1Farmers National Bank, Fairfax, S. Dak.iFirst Inland National Bank, Pendleton, Oreg.7First National Bank, Brockport, N. Y.7First National Bank & Trust Co., Mamaroneck,
N. Y.iWabash National Bank, Wabash, Ind.iUnited States National Bank, Vancouver, Wash.7..First National Bank, Marietta, Ohio 7
First National Bank, Jasonville, Ind.7First National Bank, Edgewater, N. J.7First National Bank, Johnstown, Pa.7First National Bank, Bryan, Ohio 7
Seneca National Bank, West Seneca, N. Y.7Farmers National Bank, Bryan, Ohio 7
First National Bank, West Allis, Wis.7First National Bank, Hempstead, N. Y.7Bright National Bank, Flora, Ind.7
Security National Bank, Randolph, Nebr.7First National Bank, Mountain Grove, Mo.7Union National Bank, Scranton, Pa.7Macon Ridge National Bank, Delhi, La.7Elmhurst National Bank, New York, N. Y.7Newtown National Bank, New York, N. Y.7First National Bank in Lowell, Ind.iFirst National Bank in Ness City, Kans.7Citizens National Bank, Eureka, Kans.7County National Bank, Clearfield, Pa.7Citizens Third National Bank & Trust Co.,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Enosburg Falls, Vt.7 ._..First National Bank, Coeburn, Va.7First National Bank & Trust Co. in Orlando, Fla.7.First National Bank, Holly Grove, Ark.7First National Bank & Trust Co., Fleetwood, Pa.7.Farmers National Bank, Oxford, Pa.7First National Bank & Trust Co., at Flint, Mich.7.First National Bank, Freeland, Pa.7First National Bank, East Rutherford, N. J.7First National Bank, Clarksville, Tex.7National Bank of Hudson, Wis.7First National Bank in Webster Groves, Mo.7First National Bank, La Grange, 111.7First National Bank, Fremont, Ohio7
First National Bank, Eaton Rapids, Mich.7First National Bank, Lyndhurst, N. J.7Stockgrowers & Farmers National Bank, Wallowa,
Oreg.7First National Bank, Jacksonville, Ala.2 7
Yardley National Bank, Yardley, Pa.7First National Bank & Trust Co., Ludington,
Mich.7Mobile National Bank, Mobile, Ala.iFirst National Bank, Urbana, 111.7Collingswood National Bank, Collingswood, N. J.7.Capital National Bank, Lansing, Mich.7First National Bank, Manawa, Wis.7
First National Bank, Dawson Springs, Ky.7First National Bank, Dillonvale, Ohio.7First National Bank, Granville, 111.7Farmers National Bank, Cotton Plant, Ark.7Grand National Bank, St. Louis, Mo.7Taylorville National Bank, Taylorville, 111.1Farmers National Bank, Garner, Iowa 7
New Albany National Bank, New Albany, Ind.7_.Second National Bank, New Albany Ind.7Citizens National Bank, South Bend, Ind.7First National Bank, Mayville, Wis.7Wisconsin National Bank, Watertown, Wis.7First National Bank, Ambler, Pa.7Bethlehem National Bank, Bethlehem, Pa.7Old National Bank, Waupaca, Wis.7First National Bank, Honaker, Va7
First National Bank, San Gabriel, Calif.7First National Bank, Conrad, Iowa 1
First National Bank, Windsor, Mo.7Boulder National Bank, Boulder, Colo.3 7
First Sterling National Bank, Sterling, 111.7Farmers & Merchants National Bank, Headland,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 81, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
00fcO00
Name and location of bank
Organization
Char-terno. Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
payable,redis-
counts,etc.) atdate offailure
Totaldeposits
at date offailure
Elk National Bank, Fayetteville, Tenn.7...First National Bank, Hillsdale, Mich.?First National Bank, Toledo, Ohio 7
First National Bank, Fayetteville, Tenn.7State National Bank, Shawnee, Okla.7First National Bank, Perry, Okla7
First National Bank, Webster Springs, W. Va.7_...Citizens National Bank, Franklin, Ind.7Carlstadt National Bank, Carlstadt, N. J.7.-First National Bank, Grundy Center, Iowa l
First National Bank, Napoleon, Ohio *First National Bank, Hendricks, Minn.1First National Bank, Clarion, Pa.7First National Bank, Camden, Ark.s7
Farmers National Bank, Fayetteville, Tenn.7Arkansas National Bank,Fayetteville, Ark.1First National Bank, Rockwood, Pa.7Farmers & Merchants National Bank, Rockwood,
Pa.7First National Bank, Council Bluffs, Iowa 7
Tower City National Bank, Tower City, Pa.7First National Bank & Trust Co., Frackville, Pa.7.First National Bank, Mott, N. Dak.7Carrollton National Bank, Carrollton, Ky.7 ._First National Bank, Oxford, N. YJWhitman County National Bank, Rosalia, Wash.7_East Berlin National Bank, East Berlin, Pa.7First National Bank, Naperville, 111.7Lee County National Bank, Marianna, Ark.7First National Bank, Bradford, Ohio 7_First National Bank, Indiana, Pa.7First National Bank, Elton, La.7Planters National Bank, Fredericksburg, Va)City National Bank, Goshen, Ind.7First National Bank, Beaver Falls, Pa.7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
First National Bank, Midland, Md.7_.National Bank of Commerce, Lorain, Ohio 2 7
Peoples National Bank, Bronson, Mich.7Hewlett-Woodmere National Bank, Woodmere,
N. Y.7Lincoln National Bank, Lincoln, 111.7..Peoples National Bank, Lakewood, N. J.7Coldwater National Bank, Coldwater, Mich.7Hancock County National Bank, Carthage, 111.7Commercial National Bank, Philadelphia, Pa.7-..First National Bank, Charleroi, Pa.7First National Bank, Clifton Heights, Pa.7...American National Bank, Marshfield, Wis.7First National Bank, Hartford City, Ind.7...Farmers National Bank, Crystal Lake, Iowa 7
First National Bank, Antigo, Wis.7 _...Langlade National Bank, Antigo, Wis.7American-First National Bank, Mount Carmel,
111.7First National Bank, Breese, 111.7First National Bank & Trust Co., Ford City, Pa.7..First National Bank, Tigerton, Wis.7Citizens National Bank, Winterset, Iowa 7
First National Bank, Frostburg, Md.7First National Bank, West Concord, Minn.7First National Bank, Saegertown, Pa.1..Aurora National Bank, Aurora, 111.7.. _First National Bank, La Junta, Colo.7First National Bank, Secaucus, N. J.7First National Bank, Tuscumbia, Ala7
First National Bank, Howell, Mich.7Ocean City National Bank, Ocean City, N. J.7....First National Bank in Sea Bright, N. J.7First-Farmers National Bank, Arcanum, Ohio 7__.Herkimer National Bank, Herkimer, N. Y.1First National Bank, Mingo-Junction, Ohio 7
First & Tri State National Bank & Trust Co., FortWayne, Ind.i
First National Bank, Darlington, Wis.7Northwestern National Bank & Trust Co., Phila-
delphia, Pa.7First National Bank, Dalhart, Tex.7First National Bank of Mt. Healthy, Mount
Healthy, Ohio 7
First National Bank, Belleyue, Iowa 7
National Bank of Ionia, Mich.7First National Bank, Millen, Ga.7Burnside National Bank, Burnside, Pa.7Ticonic National Bank, Waterville, Maine 1
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45.—National banks in charge of receivers during year ended Oct. 31, 1934, dates of organization and appointment of receivers,capital at date of organization and at date of failure, dividends paid while solvent, lawful money deposited with Treasurer of the UnitedStates to redeem circulation to Oct. 31, 1934, circulation outstanding, borrowed money, and total deposits at date of failure—Continued
COCoO
Organization
Name and location of bank Char-terno.
Date Capital
Totaldividendspaid dur-ing exist-ence as anationalbankingassocia-
tion
Failures
Capital Receiverappointed
Lawfulmoney
deposited
Circula-tion out-standingat date
of failure
Borrowedmoney(bills
redis-counts,etc.) atdate offailure
Totaldeposits
at date offailure
Security National Bank, Clinton, Okla.7First National Bank, Chickasha, Okla.?First National Bank, Livingston, 111.7First National Bank, Hooversville, Pa.7Citizens National Bank, Hooversville, Pa.7National Bank of Ashland, Nebr.7Citizens National Bank, West Alexander, Pa.7First National Bank, Lima, Mont 8Merchants & Farmers National Bank, Charlotte,
N. C.7Farmers National Bank, Haviland, Ohio !
First National Bank, Forest City, Pa.7Farmers & Miners National Bank, Forest City,
Pa.7Second National Bank, Erie, Pa.7Citizens National Bank, Faribault, Minn.7Valley National Bank, Green Lane, Pa.7American National Bank, Lincoln, 111.1Southwestern National Bank, Philadelphia, Pa.7..First National Bank, Bridgeville, Pa.7First National Bank, Scribner, Nebr.7First National Bank, Foley, Minn.7National Bank of Shawneetown, Shawneetown, 111.7.First National Bank, Patton, Pa.7First National Bank, Betheida, Ohio 7
First National Bank, West Milton, Ohio 7
National Bank of Pontiac, 111.7First National Bank, Clinton, Ky.7Sixth National Bank, Philadelphia, Pa,7First National Bank, East Rochester, N. Y.7Crystal Falls National Bank, Crystal Falls, Mich.7.Iron County National Bank, Crystal Falls, Mich.7.Farmers National Bank, Hodgenville, Ky.1Merchants National Bank, Pottsville, Pa.7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
290029012902290329042905290629072908
First National Bank, Malvern, Ark.7 . . „ _ .First National Bank, Greene, N. YAFarmers National Bank & Trust Co., Bedford, Pa.7.First National Bank & Trust Co., Bedford, Pa.7..Reading National Bank & Trust Co., Reading Pa.7.Citizens National Bank, Greenwood, Ind.7
First National Bank & Trust Co., Hamburg, Pa.7..Ozone Park National Bank, New York, N. YFirst National Bank, Rockwood, Tenn.7
Grand total (1,635 receiverships) _
Total active (1,543 receiverships)Total liquidated and finally closed (64 re-
1 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, or to complete unfinished liquidation.2 Restored to solvency (28 banks).3 Licensed banks closed through revocation of license with appointment of conservator, subsequently found insolvent and placed in receivership (4 banks).4 Preliminary figures subject to revision.8 Suspended under terms of bank holiday proclamation without subsequent appointment of conservator.6 Licensed banks found insolvent and immediately placed in receivership (4 banks).7 Formerly in conservatorship.8 Federal Deposit Insurance Corporation appointed as receiver in accordance with terms of Banking Act of 1933 (1 bank).9 Liquidated and finally closed during report year ended Oct. 31, 1934.
11o
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE NO. 45-A.—District of Columbia State chartered banks and banks incorporated under the laws of the District of Columbia, under thesupervision of the Comptroller of the Currency, in charge of receivers during the year ended Oct. 81, 1934, dates of organization and appoint-ment of receivers, capital at date of organization and at date of failure, dividends paid while solvent, borrowed money and total depositsat date of failure
COCOto
s
m
o
oF
o
3Wfet
O
Name and location of banks
Incorporation
Jurisdiction under laws ofwhich incorporated
Date of incor-poration
Capitalauthor-
ized
Total divi-dends paidduring ex-istence as aState bank-
ing asso-ciation
Failures
Capital Receiver ap-pointed
Borrowedmoney
(bills pay-able, redis-
counts,etc.) atdate offailure
Total de-posits atdate offailure
4a
7a
10alla12a13a
14a
International Exchange Bank, Washington, D. CNorth Capitol Savings Bank, Washington, D. CBank of Brightwood, Washington, D. CDepartmental Bank, Washington, D. C_._Continental Trust Co., Washington, D. C.iPark Savings Bank, Washington, D. C.2Northeast Savings Bank, Washington, D. C.2Chevy Chase Savings Bank, Washington, D. C.2Washington Savings Bank, Washington, D. C.2Seventh Street Savings Bank, Washington, D. C.2Potomac Savings Bank of Georgetown, Washington, D. C.2United States Savings Bank, Washington, D. C.2Woodridge-Langdon Savings & Commercial Bank, Wash
ington, D. C.2Industrial Savings Bank, Washington, D. C.2
1 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold or to complete unfinished liquidation.2 Formerly in conservatorship.3 Pre liminary figures subject to revision.
o
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334 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and
Name and location of banksCapitalstock atdate offailure
First National Bank, Sutton, W. VaAmerican National Bank, Billings, MontCitizens National Bank, Laurel, MontCommercial National Bank, Wilmington, N. C.Merchants National Bank, Mandan, N. D a k . . .First National Bank, Webster, S. DakSioux Falls National Bank, Sioux Falls, S. Dak..First National Bank, Brookings, S. DakFirst National Bank, Huron, S. DakFirst National Bank of Fergus County in Lewis-
town, Mont.Drovers National Bank, East St. Louis, 111City National Bank, Huron, S. Dak.iFirst National Bank, Ozark, AlaFirst National Bank, Townsend, MontNational Bank of Commerce, Pierre, S. DakFirst National Bank, Matoaka, W. VaGeorgia National Bank, Athens, GaBurgettstown National Bank, Burgettstown,
Pa.First National Bank, Selma, N. CFirst National Bank, Florence, S. CFirst National Bank, St. Cloud, MinnGlobe National Bank, Denver, ColoFirst National Bank, Warren, MinnMuskogee Security National Bank, Muskogee,
Okla.Gregory National Bank, Gregory, S. DakWarren National Bank, Warren, MinnBroadway National Bank, Denver, ColoFirst National Bank, Waukon, IowaFirst National Bank, Shenandoah, IowaFirst National Bank, Jonesboro, ArkFirst National Bank, Pepin, WisFirst National Bank, Woonsocket, S. DakFirst National Bank, Waubay, S. DakOakes National Bank, Oakes, N. DakNational Farmers Bank, Owatonna, MinnFarmers & Merchants National Bank, Merced,
Calif.Farmers & Merchants National Bank, Lake
City, S. C.First National Bank, Milbank, S. DakClarinda National Bank, Clarinda, IowaFirst National Bank, Marked Tree, ArkFirst National Bank, Leeds, N. DakFarmers National Bank, Brookings, S. DakFirst National Bank, Malvern, IowaFirst National Bank, Haleyville, AlaCitizens National Bank, Ortonville, MinnFirst National Bank, Beardsley, MinnFirst National Bank, Edgeley, N. DakFirst National Bank, Clinton, MinnCitizens National Bank, Albert Lea, MinnFirst National Bank, Allegan, MichFarmers & Merchants National Bank, Mount
Morris, Pa.First National Bank, Bush City, MinnFirst National Bank, Dunbar, PaProvident National Bank, Waco, Tex.1
First National Bank, Columbia City, Ind . r - .^ v
Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 335
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31, 1934
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
336 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp . 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 337
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from, all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
338 REPORT OF THE COMPTROLLER OF TH^ CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and193J+—Continued
Name and location of banksCapitalstock atdate offailure
Farmers & Merchants National Bank, Alcester,S. Dak.
First National Bank, Grafton, N. DakFirst National Bank, Chowchilla, CalifPeoples National Bank, Waukon, IowaFirst National Bank, East Grand Forks, Minn.First National Bank, Bishop, CalifCitizens National Bank, Waynesburg, PaFirst National Bank, New Cumberland, W. Va.First National Bank, Checotah, OklaNew Georgia National Bank, Albany, GaFirst National Bank, Minnewaukan, N. Dak__.First National Bank, Mullens, W. VaAstoria National Bank, Astoria, OregFirst National Bank, Carrington, N. DakFirst National Bank, Toronto, S. DakCommercial National Bank, Statesville, N. C_..First National Bank, Bristow, OklaFirst National Bank, Arcadia, IndFirst National Bank, Calexico, CalifFirst National Bank, Plainview, NebrLake County National Bank, Madison, S. Dak.First National Bank, Dublin, GaFirst National Bank, Aledo, 111Carolina National Bank, Darlington, S. CFirst National Bank, Cheraw, S. CFarmers National Bank, Wakefield, NebrFourth National Bank, Macon, GaFirst National Bank, Richland Center, WisFirst National Bank, Warren, IndCass County National Bank, Casselton, N. Dak.Peoples National Bank, Middletown, DelFirst and Moorhead National Bank, Moorhead,
Minn.First National Bank, Frisco, TexFirst National Bank, Kingsbury, TexFirst National Bank, Coleridge, NebrExchange National Bank, Spokane, WashFirst-Exchange National Bank, Coeur d'Alene,
Idaho.Minneapolis National Bank, Minneapolis, Kans.First National Bank, Manchester, IowaCitizens National Bank, Hope, IndFirst National Bank, Avon Park, FlaFirst National Bank, Punta Gorda, FlaFirst National Bank, Bixby, OklaCarlton National Bank, Wauchula, FlaFirst National Bank, Rockford, IowaNational Bank of Larimore, Larimore, N. Dak..First National Bank, Sandersville, GaNational Bank of Emmetsburg, Emmetsburg,
Iowa.First National Bank, Sanborn, N. DakPeoples National Bank, Adena, OhioReed City National Bank, Reed City, MichFirst National Bank, Ruthven, IowaFirst National Bank, Sebring, FlaFirst National Bank, Lakeland, FlaFirst National Bank, Auburndale, FlaFirst National Bank, Shinnston, W. VaFirst National Bank, Aneta, N. DakFirst National Bank in Langdon, Langdon,
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 339
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
340 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLER OF THE CURRENCY 3411934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
106093—-35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
342 KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended OcU 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Mayville, N . DakPolk County National Bank in Bartow, FlaEast Alabama National Bank, Eufaula, AlaNational Bank of Newberry, Newberry, S. C.._South Pasadena National Bank, South Pasa-
dena, Calif.First National Bank, McHenry, N. DakFirst National Bank, DeLand, FlaFirst National Bank, Sanford, FlaFirst National Bank, St. Augustine, Fla.Miners National Bank, Blossburg, PaFirst National Bank, Maquon, 111First National Bank, Montezuma, IowaFirst National Bank, Eldorado Springs, MoFirst National Bank, Delta, ColoFirst National Bank, Taylorville, 111First National Bank, New Bern, N . CFirst National Bank, Clarksville, ArkFirst National Bank, Tower City, N. DakFirst National Bank, Grundy, VaCarolina National Bank, Spartanburg, S. CFirst National Bank, Greeley, NebrFirst National Bank in Mount Sterling, 111First National Bank, Samson, AlaFirst National Bank, Seward, PaFirst National Bank, Florala, AlaFirst National Bank, Bishopville, S. CFirst National Bank, Burlington Junction, M o .Dothan National Bank, Dothan, AlaFirst National Bank, Humphrey, NebrTexas National Bank, Fort Worth, Tex._First National Bank, Northwood, N . DakFirst National Bank of Royse, Royse City, Tex.First National Bank, Ennis, TexFirst National Bank, Roy, MontFirst National Bank, Brantley, AlaFirst National Bank, Gaffney, S. CFirst National Bank, Ambrose, N. DakAmerican National Bank, Kewanna, IndFirst National Bank, Tranquillity, CalifFirst National Bank, Milford, 111First National Bank, Tallassee, Ala 1First National Bank, Edmore, N. DakCommercial National Bank, Chatsworth, 111Citizens National Bank, Streeter, N. DakFirst National Bank, Rising Star, Tex.First National Bank, Coffee Springs, AlaCommercial National Bank, Independence,
Kans.Security National Bank, Cherokee, Iowa _First National Bank, Hazard, Ky.'Peoples First National Bank, White Hall, 111. _ _First National Bank, Wanette, OklaPana National Bank, Pana, 111Farmers National Bank, Oskaloosa, Iowa iNational Bank of Tifton, Tifton, GaState National Bank, Idabel, Okla—Saunders County National Bank, Wahoo, Nebr .First National Bank, Pineville, W. VaFirst National Bank, Jasper, FlaNational Loan & Exchange Bank, Greenwood,
S. C.First National Bank, St. Petersburg, Fla
Dollars50,000
200, 000 J100, 000 J100, 000100, 000
une 25,1929une 28,1929uly 1,1929
do"uly 2,1929
uly 3,1929uly 12,1929uly 15,1929uly 25,1929
50,000 July 30,192935, 000 Aug. 14,192950,000 Sept. 16,192950,000 Sept.23,192950, 000 Sept.25,1929
Footnotes~at~end]of table, pp. 448 and^449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTROLLEE OF THE CURRENCY 343
193//-, dales of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
344 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 345
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
346 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Name and location of banksCapitalstock atdate offailure
Farmers National Bank, Strawn, 111First National Bank, Cheboygan, MichFirst National Bank in Poultney, Vt _New First National Bank in Farmland, IndFirst National Bank, Litchville, N. DakFirst National Bank, Williams, IowaUnion National Bank, Connellsville, PaFirst National Bank in Fresno, CalifFirst National Bank, Grass Range, Mont__National Bank of Arkansas at Pine Bluff, ArkCitizens National Bank, Connellsville, PaFirst National Bank, Vanderbilt, PaCitizens National Bank, Galion, Ohio
fFirst National Bank, McLeansboro, 111Port Newark National Bank, Newark, N. J
JFirst National Bank, Ayrshire, IowaFarmers National Bank, Glenwood City, WisClymer National Bank, Clymer, PaFirst National Bank, Burt, IowaFourth National Bank, Montgomery, Ala.1First National Bank, Fair view, MoFarmers National Bank, Wilkinson, IndFirst National Bank, Altus, OklaFirst National Bank, Washburn, N. DakCity National Bank, Spur, TexFarmers National Bank, Howe, TexF i t N t i l B k M t i i l l 1
Dollars25,000 June 11,193050,000 June 12,1930"1,000 June 20,1930
June 25,193025,000 June 30,1930
1,19303,19307,1930
>; 000 July 9,1930100,000 July 21,1930" 1,000 July 31,1930
Aug. 4,1930do
-do
100,25,000 Ji25,000Ji25,000 July50,000 July
400,000 July30,0"" ' '
100, C100, C25,000 Aug.
100,00050,000
200,000 Aug.
-i: »i jxici a -i/N atiuneu u a i i i , xxuwe, JLCA
First National Bank, Martinsville, 111Billings National Bank, Billings, OklaFirst National Bank, Villisca, IowaFirst National Bank, Perry, FlaOld First National Bank, Farmer City, I1D_First National Bank, Auburn, WashPeoples National Bank, Brookneal, Va
First National Bank, Elgin, NebrFirst National Bank, Berwyn, OklaQuincy-Ricker National Bank & Trust Co.,
Quincy, 111.Planters National Bank, Walnut Ridge, ArkHolston-Union National Bank, Knoxville, Tenn.National Bank of Kentucky, Louisville, KyFirst National Bank, West Salem, 111City National Bank, Spokane, Wash.iAmerican National Bank, Asheville, N. C .First National Bank, Plymouth, 111.First National Bank, Forman, N. DakFirst National Bank, Campbell, MoFirst National Bank, Westfield, 111Citizens National Bank, Hendersonville, N. C._.First National Bank, Mendon, Ohio _First National Bank, Roland, IowaMerchants National Bank, Burlington, Iowa *_-First National Bank, Benton, 111-First National Bank, Rector, ArkFirst National Bank, Junction City, ArkFirst National Bank, Newport, Tenn__.First National Bank, Walhalla, N. Dak.First National Bank, Goreville, 111
First National Bank, Marion, Ill-Sioux National Bank in Sioux City, IowaFirst National Bank, Fulton, KyFirst National Bank, Charlotte, N. CFirst National Bank, Horse Cave, KyFarmers & Merchants National Bank, Tyrone,
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OP THE CURRENCY 347
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
348 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and193'4—Continued
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Footnotes at end of table, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OP THE COMPTROLLER OF THE CURRENCY 349
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
350 EEPOKT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Naper, NebrAmerican National Bank, Redfield, S. DakFirst National Bank, Ullin, 111First National Bank, Elk Point, S. DakFarmers National Bank, Laurens, S. CBenton County National Bank, Bentonville,
Ark.Union National Bank, Fairmont, W. Va _..First National Bank, Goodwin, S. DakKansas National Bank, Kansas, 111First National Bank, Mount Sterling, 111.1First National Bank, Sweetwater, TennFirst National Bank, Caruthersville, MoFirst National Bank, Capac, MichFirst National Bank, Rock Rapids, Iowa _.Farmers National Bank, Inwood, IowaFirst National Bank, Laurinburg, N. CFirst National Bank, Ridgeway, Mo _.First National Bank, Tyler, Minn._City National Bank in Miami, FlaFirst National Bank, Augusta, 111Pecan Gap National Bank, Pecan Gap, TexFirst National Bank, Hobson, Mont.*First National Bank, Ladonia, TexFirst National Bank, Sesser, 111First National Bank, Greenwood, MissFirst National Bank, Connersville, IndFirst National Bank, Titonka, IowaNational Bank of Goldsboro, Goldsboro, N. C_.Interstate National Bank, Helena, Ark.First National Bank, Rails, TexFirst National Bank, Kerkhoven, MinnMerchants & Planters National Bank, Dillwyn.
Va.First National Bank, Ludlow, MoLawrence Avenue National Bank, Chicago, 111First National Bank, Floyd, IowaFirst National Bank, Corning, Ark.1National Bank of Wilkes at Washington, GaCity National Bank, Bessemer, AlaFirst National Bank, Rogers, ArkFirst National Bank, Brookhaven, Miss.First National Bank, Brookfield, MoHoward National Bank, Kokomo, Ind.L .Planters National Bank, Clarksdale, MissAnoka National Bank, Anoka, MinnFirst National Bank, Clinton, S. CFirst National Bank, Addison, Pa.1First National Bank, Crestline, Ohio iFirst National Bank, Waverly, 111Farmers & Merchants National Bank, Sheridan,
Inci.Peoples National Bank, Osceola Mills, PaClinton National Bank, Clinton, MoFirst National Bank, Connellsville, Pa.1First National Bank, Redmond, OregFirst National Bank, Panama City, FlaFarmers & Merchants National Bank, Rock-
mart, Ga.First National Bank, Republic, PaFirst National Bank, Hartselle, AlaFirst National Bank, Jackson, MissNational Bank of Thurmond, Thurmond, W.Va.
Dollars25,000 Dec.40,00025,000
12,1930dodo
25,000 Dec. 16,1930do.50,000
60,000
420,000
do
. 3 - — d o25,000 Dec. 17,193050,000 do100,00060,000
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 3511934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
352 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of tabje, pp. 448 and 449,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 3531934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
354 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and193 4—Continued
First National Bank, Fairchance, Pa . .National Bank of Toronto, Toronto, OhioFirst National Bank, La Pine, AlaLincoln National Bank, Avella, Pa.American National Bank, Paris, TexCitizens National Bank, Wilmington, OhioSecurity National Bank, Hope, N. DakFirst National Bank, Stone, KyBlossom National Bank, Blossom, TexCoolville National Bank, Coolville, OhioFirst National Bank, Veedersburg, IndFirst National Bank, Champlain, N. YFirst National Bank, Rouses Point, N. YFirst and Farmers National Bank in Luverne,
Minn.First National Bank, Portage, PaCentral National Bank, Ellsworth, KansFirst National Bank, Rockwell, IowaFirst National Bank, Worthington, W. VaNational Bank of Norton, Norton, VaFirst National Bank, Oak Park, 111Austin National Bank, Chicago, 111First National Bank, Ivanhoe, MinnOrangeburg National Bank, Orangeburg, S. C.1.First National Bank, Macedon, N. YWoodlynne National Bank, Woodlynne, N. J__.First-Rempel National Bank, Logan, OhioSecond National Bank, Altoona, PaMonongahela National Bank, Brownsville, Pa-.First National Bank, Rich wood, OhioCitizens National Bank, Monessen, Pa.1Noble County National Bank, Caldwell, Ohio 1.First National Bank, Masontown, PaCentral National Bank & Trust Co., St. Peters-
burg, Fla.Merchants National Bank, Point Pleasant, W.
Va.1First National Bank, Waldron, ArkFirst National Bank, Langdon, N. Dak.1First National Bank, Brandt, S. DakFirst NationalBank, Millsboro, Pa.First National Bank, Tracy, MinnOld National City Bank, Lima, OhioNational Bank of Kinston, Kinston, N. CFirst National Bank, Kinston, N. CFirst National Bank & Trust Co., Paris, 111.1First National Bank, Pomeroy, IowaFirst National Bank, Terre Bella, Calif...Commercial National Bank, Essex, IowaFarmers National Bank, Hickory, PaSavona National Bank, Sayona, N. YMontgomery County National Bank, Cherry-
vale, Kans.Security National Bank, Milford, IowaPeoples National Bank, Shakopee, MinnFirst National Bank, Dawson, MinnOverbrook National Bank, Philadelphia, Pa _..First National Bank, Crary, N. DakAlbany Park National Bank & Trust Co., Chi-
cago, 111.Farmers National Bank, Pomeroy, WashCitizens National Bank, Odessa, TexFirst National Bank, Holton, Kans
Capitalstock atdate offailure
Dollars25,000Feb,
100,00026,1931
do25, 000 Mar. 3,1931
7,19319,1931
do
100,000 Mar.150,000 Mar100,00025,000 M:50,000 Mar30,00025,000 Mar35,000 Mar.
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 3551934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. SI,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
356 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued "
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 357
193Jf-y dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
106093—35 - 2 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
358 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
isfame and location of banksCapitalstock atdate offailure
Iron National Bank, Ironwood, MichFirst National Bank, Smithfield, PaMcCartney National Bank, Green Bay, WisNational Bank of Lynwood, Lynwood, CalifFirst National Bank, Prattville, AlaFirst National Bank, Fowler, IndFirst National Bank, Irvona, PaCitizens National Bank, Warren, PaFirst National Bank, Smithfield, Ohio 1
Washington Park National Bank, Chicago, 111..Inland-Irving National Bank, Chicago, 111First National Bank, Mountain Lake, MinnCommercial National Bank, Hattiesburg, Miss.Farmers National Bank, Cross Plains, TexManufacturers National Bank & Trust Co.,
Rockford, 111.Mahaffey National Bank, Mahaffey, PaFirst National Bank, St. Clair Shores, MichSecurity National Bank, Rockford, 111Peoples National Bank, Delmont, PaFirst National Bank, Downers Grove, 111First National Bank, Chillicothe, MoPlanters National Bank, Saluda, S. CWaukegan National Bank, Waukegan, 111Bottineau National Bank, Bqttineau, N. Dak_.Kingwood National Bank, Kingwood, W. Va._.Merchants National Bank, Willow City, N. Dak-Citizens National Bank, Jenkintown, PaFirst National Bank, Watseka, 111Peoples National Bank of Winston, Winston-
Salem, N. C.First National Bank, Morrison ville, 111First National Bank, Elliott, IowaFirst National Bank, Genoa, N. YFirst National Bank, Bagley, IowaFirst National Bank, Blissfield, MichFirst National Bank, Dearborn, MichFirst National Bank, Royal Oak, MichFirst National Bank, Beggs, OklaFirst National Bank, Federalsburg, MdFirst National Bank, Mechanicville, N. YBoston National Bank, South Boston, VaSecond National Bank, New Hampton, Iowa.-.First National Bank, Scobey, MontWill County National Bank, Joliet, 111First National Bank, Stronghurst, 111.1Floyd County National Bank, Floydada, Tex.1.Walthill National Bank, Walthill, NebrThird National Bank, New London, OhioGreenville National Bank, Greenville, MichFirst National Bank, Greensboro, AlaSteel County National Bank, Finley, N. Dak...First National Bank, Terrell, Tex.1 _.First National Bank, Beaverdale, PaFirst National Bank, Ripley, N. Y _Oconto National Bank, Oconto, WisUnion City National Bank, Union City, N. J___National Bank of North Hudson at Union City,
First National Bank, Boyne City, MichFirst National Bank, Ryder, N. DakFirst National Bank, Plaza, N. Dak
Dollars100,000 May75,000 M;
500,000 May50,000 Mi50,000 June75,000 Ju:25,000
125,000 Ju:100,000 June600,000 Ju:525,00025,000 June
100,00025,000 Jui
500,000 June
26,1931May 27,1931~ "ay 29,1931
ay 29,19311,19312,1931
— d one 4,1931
5,19319,1931
.—do12,1931
done 13,1931
16,1931
50,00050,000 J
—doune 17,1931
200,000 June 18,1931.--doune 19,1931
100,000 June 22,1931do100,000
250,00025,25,000
.--doune 23,1931
do25,000 June 27,1931
. . d o . . .50,000 June 29,1931
do150,000
50,00050,000 July 2,193125,000-..-do25,000 July 3,1931
-do.
60,000150,000150,00025,000
do_—do—do
July 9,193125,000—do50,000 ..._do
200,000 July 10,1931100,000 July 14,193130,000.—do
200,000 July 15,193175,000 July 17,193150,000....do25,000 July 20,193150,00050,000 July 21,1931
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLEB OF THE CURRENCY 359
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
360 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 361
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
362 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Van Hook, N. DakFirst National Bank, Parshall, N. Dak__First National Bank, Maryville, MoManufacturers National Bank, Mechanicville,
N.Y.Columbus National Bank, Columbus, Ohio1
First National Bank, Polo, 111First National Bank, Blythe, CalifFirst National Bank in Mount Vernon, S. Dak_.First National Bank, Colony, Kans _National Bank of Monticello, Monticello, Ind.1..First National Bank, Lehigh, IowaFirst National Bank, Fairchild, WisUnited States National Bank, Los Angeles, Calif.First National Bank, Bancroft, IdahoFirst National Bank, Wauseon, OhioFarmers National Bank, Bridgewater, S. Dak...Peoples National Bank, Latrobe, PaFirst National Bank, Sweet Springs, MoQueensboro National Bank of the City of New
York, New York, N. Y.The Farmers National Bank, Fairfax, S. Dak...Prineville National Bank, Prineville, OregFirst National Bank, Lyons, GaFirst National Bank, Vidalia, GaFirst National Bank, Westbrook, MinnFirst National Bank, El Paso, Tex _First National Bank, Coin, IowaFirst National Bank, Randolph, IowaFirst National Bank at Smithfield, OhioNational Bank of Defiance, Defiance, Ohio _Security National Bank, Mobridge, S. DakFirst National Bank in Alexandria, S. DakFirst National Bank, Eudora, ArkFirst National Bank, Mora, MinnPlain view National Bank, Plainview, TexLimon National Bank, Limon, ColoFirst National Bank, Merrill, IowaRockaway Beach National Bank, New York,
N.Y.Labor National Bank of Montana at Three
Forks, Mont.Bank of Pittsburgh National Association, Pitts-
burgh, Pa.Peoples National Bank, Salem, N. YFarmers National Bank, Trafalgar, IndInkster National Bank, Inkster, MichRogers Park National Bank, Chicago, 111First National Bank, Lynchburg, OhioCommercial National Bank & Trust Co., St.
Joseph, Mich.First National Bank, Hankinson, N. DakFirst National Bank, Midland City, AlaAlderson National Bank, Alderson, W. VaHighland National Bank, Pittsburgh, PaFirst National Bank, Viborg, S. DakOgden National Bank, Chicago, 111First National Bank, Fort Mill, S. CFarmers National Bank, New Bedford, 111First National Bank, Bode, IowaFirst National Bank, Sisseton, S. DakFirst National Bank, Hagerstown, Md
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 363
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
364 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 365
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
366 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, ana19$Jt—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Reed City, MichPeoples National Bank, Pulaski, N. YFirst National Bank, Unionville, N. YFirst National Bank, Orbisonia, PaFirst National Bank, Kewanee, 111Security National Bank, Bowie, TexNational City Bank, Ottawa, 111First National Bank, Elba, AlaFirst National Bank, Smithville, TexCalumet National Bank, Chicago, 111First National Bank, Colville, WashPeoples National Bank, Point Marion, PaPlanters & Merchants First National Bank,
South Boston, Va.First National Bank, Carterville, 111National Bank of Fayette County, Uniontown,
Pa.First National Bank, Carey, OhioMoshannon National Bank, Philipsburg, Pa.__.National Mohawk Valley Bank, Mohawk, N. Y.Farmers National Bank, Leechburg, PaMain Line National Bank, Wayne, PaFirst National Bank, Hastings, Nebr. _First National Bank, Belington, W. VaFirst National Bank, Fairview, W. VaFirst National Bank, Deer Trail, ColoFirst National Bank, Fort Stockton, TexFirst National Bank, Chase City, VaFirst National Bank, Pollock, S. DakCitizens National Bank, Vandergrift, PaFirst National Bank, Auburn, NebrFarmers & Merchants National Bank, Webster,
S. Dak.Houston National Bank, Dothan, AlaFirst National Bank, Stewartville, MinnNational Bank of Sidney, Sidney, IowaGary National Bank, Gary, W. VaFirst National Bank, Anawalt, W. VaFirst National Bank, Bishop, TexFirst National Bank, Mathis, TexFirst National Bank, Yuma, ColoFirst National Bank, Brunswick, MoFirst National Bank, Isanti, MinnFirst National Bank in Versailles, MoWest Side Atlas National Bank, Chicago, 111-.First National Bank, Elizabeth ton, TennWestmont National Bank, Westmont, N. JFirst National Bank, Roxboro, N. CFirst National Bank, Erie, 111Belvidere National Bank, Belvidere, N. JLyon County National Bank, Rock Rapids,
Iowa.First National Bank, Cowen, W. VaFirst National Bank, Lake City, IowaFirst National Bank, Turkey, TexFirst National Bank, Baldwin Park, CalifFirst National Bank, Doon, IowaFirst National Bank, Blockton, IowaCity National Bank, Herrin, 111Citizens National Bank, Prosperity, S. CFirst National Bank, Newark, N . YFirst National Bank, Dexter, Mo
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 367
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
368 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 369
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
370 KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
Exchange National Bank, Pittsburgh, PaCitizens National Bank, Kokomo, IndCommercial National Bank, Eufaula, AlaFirst National Bank, Graceville, FlaWilcox National Bank, Wilcox, PaCity National Bank, Paducah, KyFirst National Bank, Cardington, OhioPeoples National Bank, Blairstown, N. JFirst National Bank, North Eose, N. YNational Bank of Albion, Albion, Ill_rMonongahela National Bank, Pittsburgh, Pa__.First National Bank, New Windsor, MdCitizens National Bank, Philippi, W. VaFirst National Bank, Buchanan, MichFirst National Bank, Newburg, W. VaFirst National Bank, Sycamore, 111Security National Bank, Paducah, TexCitizens National Bank, Seward, PaHutchings First National Bank, Siloam Springs,
Ark.First National Bank, Alliance, NebrFirst National Bank, Somerfield, PaCitizens National Bank, Sedalia, MoFirst National Bank, Hoquiam, WashFirst National Bank, St. Thomas, N. DakFirst National Bank, Buena Vista, ColoFirst National Bank, Blytheville, ArkFirst National Bank, Belle Fourche, S. Dak___.First National Bank & Trust Co., Monessen, Pa.First National Bank, Logansport, IndCity National Bank & Trust Co., Corpus
Christi, Tex.First National Bank, Sea Isle City, N. JSecond National Bank, Morgantown, W. Va.._.Phoenix National Bank, Columbia, TennFirst National Bank, Pharr, Tex__First National Bank, Marceline, Mo..First National Bank, Noble, 111American National Bank, Dayton, TennFirst National Bank of Custer City, Custer,
S. Dak.First National Bank, Steamboat Springs, Colo—First National Bank, Frederic, Wis.__First National Bank, Tilden, Nebr__First National Bank, Laredo, Tex.1Second National Bank, Brownsville, Pa.1First National Bank, Houtzdale, PaFirst National Bank, Corinth, MissSecond National Bank in Youngstown, Ohio 1--Norfolk National Bank, Norfolk, Nebr—First National Bank, Brighton, ColoFirst National Bank & Trust Co., Woodbridge,
N. J.First National Bank, Zillah, WashFirst National Bank, Stanford, MontTwin Falls National Bank, Twin Falls, Idaho..Hopewell National Bank, Hopewell, PaFirst National Bank in Gulfport, MissFirst National Bank, West Frankfort, 111First National Bank, Christopher, 111Ithaca National Bank, Ithaca, MichCitizens National Bank & Trust Co., Terre
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 371
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
372 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SItotal assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Footnotes atjtend of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 373
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. SI,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
374 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Glen Campbell, PaPeoples National Bank, Lodi, OhioCitizens National Bank, Ellwood City, PaFirst National Bank, Geneva, OhioFirst National Bank, Washington, N. CFirst National Bank, Chaffee, MoNogales National Bank, Nogales, ArizFirst National Bank in Aberdeen, WashFirst National Bank, Twin Falls, IdahoWest Point National Bank, West Point, Nebr . .First National Bank, Dougherty, IowaFirst National Bank, Sweetwater, TexFirst National Bank, Mullins, S. C._Federal National Bank, Boston, MassFirst National Bank, Starkweather, N. DakFirst National Bank, Momence, 111First National Bank, Warsaw, N. CGillespie National Bank, Gillespie, 111First National Bank, Mound City, 111Commercial National Bank, Raleigh, N. CFirst National Bank, Victorville, CalifFirst National Bank, Chardon, Ohio K..-.Macksburg National Bank, Macksburg, Iowa L_Boston-Continental National Bank, Boston,
Mass.First National Bank, Louisburg, N. CFirst National Bank, Brushton, N. YFirst National Bank, Venice, CalifFirst National Bank, Idaho Springs, ColoState National Bank in Lynn, MassFirst National Bank, Kingston, Tenn -_.Marion National Bank, Marion, OhioFirst National Bank. Kelso, WashAmerican National Bank & Trust Co., Benton
Harbor, Mich.First National Bank, Fredericktown, OhioFirst National Bank, White House Station, N. J.First National Bank, Middleport, N. YFirst National Bank, Gasport, N . YNational Bank of Seymour, Seymour, IowaFarmers & Merchants National Bank, Roseville,
111.1Itasca National Bank, Itasca, TexFirst National Bank, Cambridge, 111.*Creighton National Bank, Creighton, NebrFirst National Bank, Lost Nation, IowaFarmers & Merchants National Bank, Enter-
prise, Ala.First National Bank, Farmer, S. DakWalnut Park National Bank, Walnut Park,
Calif.National Bank of La Grange, La Grange, N. C .National Bank of Snow Hill, Snow Hill, N. C_.First National Bank in Florence, S. CPeoples National Bank, Burgettstown, PaVandeventer National Bank, St. Louis, MoBishopville National Bank, Bishopville, S. C._.First National Bank, Yorba Linda, CalifFirst National Bank, Ozark, ArkHammond National Bank & Trust Co., Ham-
footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 375193/f., dates of appointment of receivers and filial closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
376 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OP THE COMPTEOLLEE OF THE CURRENCY 377
19SJ+, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
378 REPORT OF THE COMPTROLLER OF THE
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank in Hazard, Ky ,.Farmers National Bank, Granville, N. YFirst National Bank, Osnabrock, N. DakNational Bank of Sabetha, Sabetha, KansFirst National Bank, Durham, N. CHome National Bank, Elgin, 111Oskaloosa National Bank, Oskaloosa, IowaCitizens National Bank, Long Branch, N. JValparaiso National Bank, Valparaiso, IndFirst National Bank in Mount Olive, 111Bozeman Waters First National Bank, Posey
ville, Ind.Corinth National Bank, Corinth, N. YCitizens National Bank, Albion, N. YFirst National Bank, Harlem, MontNational Bank of Adrian, Adrian, MoFirst National Bank, Woodward, OklaGermantown National Bank, Germantown,
N. Y.First National Bank, Iowa City, IowaFirst National Bank, Culver City, CalifNational Bank of Rensselaer, Rensselaer, N. Y_.Griggsville National Bank, Griggsville, 111First National Bank, Arcadia, FlaNephi National Bank, Nephi, UtahElkin National Bank, Elkin, N. COcean Grove National Bank, Ocean Grove, N. J.Farmers National Bank, Pekin, 111National Bank of Whitehall, Whitehall, N. Y...Anamosa National Bank, Anamosa, IowaFirst National Bank, Gary, IndThird National Bank, Pittsburgh, Pa.1First National Bank, Hiawatha, KansTrigg National Bank, Glasgow, KyBell National Bank, Pineville, Ky._.
Dollars
First National Bank, Columbus, MontFirst National Bank, Murfreesboro, TennFirst National Bank, Harvey, 111Cumberland National Bank, Fayetteville, N. C.Peoples National Bank, Clinton, MoHopedale National Bank, Hopedale, 111First National Bank, Palatine, 111Washington National Bank in th<* City of Taco-
ma, Tacoma, Wash.Middlesex National Bank, Lowell, MassFirst National Bank, Milton, OregCoast National Bank, Seaside Heights, N. J___.Point Pleasant Beach National Bank & Trust
Co., Point Pleasant Beach, N. J.Olympia National Bank, Olympia, WashFirst Willapa Harbor National Bank, Ray-
mond, Wash.Pikesville National Bank, Pikesville, MdSouth Gate National Bank, South Gate, Calif...Peoples National Bank, Wellsville, OhioFirst National Bank, Monte Vista, ColoFirst National Bank, Boswell, PaFirst National Bank, Monterey Park, CalifFirst National Bank, Victoria, VaJoliet National Bank, Joliet, 111Commercial National Bank, High Point, N. C.National Bank of America at Gary, Ind
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 379
193/+, dates of appointment of receivers and final closing, vrith nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
380 REPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and198 4—Continued
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 381
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
382 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Shelbyville, IndFirst National Bank, Brockway, Pa.1
First National Bank in Brockway, Pa.iRockford National Bank, Rockford, 111First National Bank, Mendota, 111Mendota National Bank, Mendota, 111Sedalia National Bank, Sedalia, MoNational Bank of De Pere, De Pere, WisWayne National Bank, Goldsboro, N. CFirst National Bank, Pittsburg, KansFirst National Bank, Cherokee, KansFirst National Bank, Newport Beach, CalifSeaside National Bank, Long Beach, CalifFirst National Bank, Craig, ColoCraig National Bank, Craig, ColoPioneer National Bank, Waterloo, Iowa ._Burnet National Bank, Burnet, TexJohnWeedman National Bank, Farmer City, 111.First National Bank, Leroy, 111First National Bank, Foosland, 111Citizens National Bank, Great Bend, KansFirst National Bank, Sedro-Woolley, WashFirst National Bank, Renova, PaFirst National Bank, Hornell, N. YFirst National Bank, Pitcairn, PaPeoples National Bank, Pitcairn, PaFirst National Bank, Trafford, PaFirst National Bank, Champaign, 111First National Bank, Bardwell, KyFirst National Bank, Hamilton, 111First National Bank, Arlington, GaFirst National Bank, Hartwell, GaCity National Bank, Knoxville, Tenn.iFirst National Bank, Alexis, III ACitizens National Bank, Kendallville, IndFirst National Bank of Bay Point, Port Chicago,
Calif.First National Bank, Alva, OklaSecurity National Bank, Fairfield, IdahoNational Bank of Commerce, Garnett, KansMerchants National Bank, Brownsville, TexMerchants National Bank, Defiance, Ohio 'First National Bank, Defiance, Ohio iFirst National Bank, Lonaeoning, Md.1
First National Bank, Fairfax, OklaFirst National Bank, Nebo, 111First National Bank, Glasgow, KyForest City National Bank, Rockford, 111First National Bank, Highland, KansFirst National Bank, Albion, 111.'Albion National Bank, Albion, Ill.iCoggin National Bank, Brownwood, Tex.1First National Bank, Roscoe, Tex.*Bayard National Bank, Bayard, W. VaFirst National Bank in Driggs, IdahoFirst National Bank, Lafayette, ColoCitizens National Bank & Trust Co., Hornell,
N. Y.National City Bank, Tampa, Fla.iDouglass National Bank of Chicago, Chicago, 111.United States National Bank, La Grande, Oreg.1.First National Bank, South Glens Falls, N. Y . . .
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 383
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
384 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 385
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
386 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and198 Jf.—Continued
Name and location of banksCapitalstock atdate offailure
Hancock National Bank, Sparta, Ga _United States National Bank, Iron Mountain,
Mich.Citizens National Bank, Salmon, IdahoFirst National Bank, Hartington, NebrFirst National Bank, Crofton, NebrBaraga County National Bank, L'Anse, Mich__Liberty National Bank, Waco, Tex.1First National Bank, Beverly Hills, CalifNational Bank of Rolla, Rolla, MoFirst National Bank, Jayton, TexWashington National Bank, New York, N. Y.>.First National Bank, Sutersville, PaFirst National Bank, Rock Falls, 111Leominster National Bank, Leominster, Mass_.First National Bank, Sheffield, IowaHenderson National Bank, Henderson, KyNew Jersey National Bank & Trust Co., New-
ark, N. J.Holston National Bank, Elizabethton, Tenn.1Alliance National Bank of Chicago, Chicago, Ill-First National Bank, Arlington, NebrFirst National Bank, Whitesburg, KyFirst National Bank, Etowah, TennBowmanville National Bank of Chicago, Chi-
cago, 111.First National Bank, Oneida, 111Boonville National Bank, Boonville, MoHurley National Bank, Hurley, WisFirst American National Bank & Trust Co.,
Berwyn, 111.Columbia National Bank, Columbia Heights,
Minn.San Bernardino National Bank, San Bernardino,
Calif.Jefferson Park National Bank of Chicago, Chi-
cago, 111.National Bank of Milton, Milton, IowaJackson Park National Bank of Chicago, Chi-
ago, 111.Standard National Bank of Chicago, Chicago,
Ravenswood National Bank, Ravenswood, I1LFirst National Bank, WTilmette, 111National Bank of Woodlawn of Chicago, Chi-
ago, 111.First National Bank, Martinsville, IndFirst National Bank, Mesa, ArizMidland National Bank of Chicago, Chicago,
South Ashland National Bank of Chicago, Chi-cago, 111.
Peoples National Bank & Trust Co. of Chicago,Chicago, 111.
First National Bank, Maquoketa, IowaFirst National Bank, Thompson, Iowa .First National Bank, Gardner, 111West Hollywood First National Bank, West
Hollywood, Calif.Guernsey National Bank, Cambridge, Ohio !
First National Bank, Willou&bfry, Ohio i. __•_First National Bank, Spartanburg, S. C_.
Dollars25, (X
100,00025,000 May 24,1932
-)d
100,000 May :60,000Ju25,000.
25,1932June 1,1932. . . . d o
50,000 June 2,1932300,000 June 3,1932
>, 000 June 7,1932), 000 June 8,1932
.do.
450,50,40,000
500,000 June 10,193225,00050,000
.do.do
150,000 June 11,193!dododo
40,000200,000
2,800,000
50,000 June 14,1932une 15,1932
000 June 17,1932. . . . d o
000 June 21,1932— .do
200,000 Ji25,50,000SO,""
300,000
— -do
. d o — .
35,000200,00050,000
175,000
25,000
100,000 do
300,000 June 25,193!
25,00C200,00C
300, 00C
200,000150,000300,00C
.do.
.do.
_do__do_.do .
100,000 June 27,1932100,000250,000
200,000
1,000,000
-do..do.
.do-
-do..
50,000 June50,00025,00075,000
28,193:dododo
50, 000 June 29,1932100,000 June 29,1932500,000 June 30,1932
Dollars100, 250107,140
194,867127,18049,319308,690
Dollars109,975663,036
377,064177,059114,007263,140
3,032,107237,68419,7238,128
103,669137,814635,63869,016748,360
2,736,228
14,003217,90223,857150,067265, 603335, 821
64,200606,821317,75343,098
11,706
245, 557
293,312
44, 247220,717
92, 575
225, 680357,657180,974
477,31976, 818117,253
78, 208
480,937
302,03121,23157,68186,041
3,610608,846
1,388,977Footnotes at end of table, pp. 448 and 449,
% 234,771304,361149,652148,731350,91314,820
1,357,062284,135705,822
12,958,425
227,8961,675,105
106,14'367,658268,336
2,089,159
92,268436,017282,406812,733
320,804
803,478
1,843,228
55,2661,006,584
522,341
528,226635,413
1,908,095
284,356392,202700,917
191,305
6,726, 552
504,62]257,351155, mi195,90C
72,536426,535
1,659,278
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
KEPOKT OP THE COMPTROLLER OF THE CURRENCY 3871934, dates of appointment of receivers and final closing, ivith nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
388 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 389
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
390 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SItotal assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
Hyde Park-Kenwood National Bank of Chicago,Chicago, 111.
First National Bank, Tyndall, S. DakFirst National Bank in Kerman, CalifFarmers National Bank in Vinton, IowaFirst National Bank, Davidsville, PaFirst National Bank, Riverside, 111State National Bank in Terrell, TexFirst National Bank, Waynesboro, MissFirst National Bank in Aurora, 111First National Bank & Trust Co., Chicago
Heights, 111.First National Bank, Burns, OregState National Bank, Iowa Falls, IowaPulaski National Bank, Pulaski, N. YFirst National Bank, Jenkins, KyRoss County National Bank, Chillicothe, OhioConsolidated National Bank, Dubuque, Iowa .Peoples National Bank & Trust Co., Sullivan,
Ind.Commercial National Bank, Waterloo, IowaClearfleld National Bank, Clearfleld, PaFirst National Bank, Enterprise, Ala.1First National Bank, Artesia, CalifWhitley National Bank, Corbin, KyCity National Bank, Sumter, S. C.1Farmers National Bank, Wewoka, OklaFirst National Bank, Thomasville, GaFirst National Bank, Sylacauga, AlaProducers National Bank, Tulsa, Okla.1Monroe National Bank, Monroe, N. YSpencer National Bank, Spencer, IndFirst National Bank, Leland, 111Buchanan County National Bank, Independ-
ence, Iowa.First National Bank in Sioux Rapids, IowaFirst National Bank, Adams, MinnFirst National Bank, Northwood, IowaBoise City National Bank, Boise, IdahoFirst National Bank, Gulfport, Miss.1First National Bank, Eldora, IowaFirst National Bank, Ackley, IowaFirst National Bank, Milton, N. DakFirst National Bank, Aurora, 111.1First National Bank, Mount Olive, 111.1First National Bank & Trust Co. in Pontiac,
Mich, iNational Bank of Unionville, Unionville, Mo...First National Bank, Sevierville, TennFirst National Bank, Silverton, OregFirst National Bank, Indianola, IowaFirst National Bank, Lawrencville, 111Twin City National Bank, Bluefield, VaFirst National Bank, George West, Tex.2First National Bank, Marengo, 111Broadway National Bank of Chicago, Chicago,
111.1Citizens National Bank, Indiana, PaParma National Bank, Parma, IdahoFirst National Bank, Northboro, IowaFirst National Bank, Yukon, PaAshland National Bank, Ashland, Ky.1
Dollars600,000 July 1,1932
40,000 Ji25,00075,000
uly 2,1932dodo
25,000 July 6,1932do -do.
50,000100,00025,000200,000
..do
..do200,000 July 7,1932
..do
..do.50,00050,00075,000 July 11,193275,000 July 12,1932150,000 July 14,1932
..do150,000 July 15,1932
400,000 July200,000100,00050,00025,000
150,000 July25,000 July
100,000 July50,000
250,00050,000 July50,000 July
18,1932dodododo21,193222,193227,1932
do
30,000125 000
50,00030,00050,000
Aug
do.28,193230,1932
1,1932do
..do-Aug. 8,1932
do375,000 Aug. 9,1932400,00050,000 Aug. 10,193250,000 do25,000 Aug. 11,1932300,000 Aug. 12,1932
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 3911984 > dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
392 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 393
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
394 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and193 4—Continued
Name and location of banksCapitalstock atdate offailure
American National Bank, Gillespie, Ill.iSpringfield National Bank, Springfield, PaFirst National Bank, Cairnbrook, PaFirst National Bank, Wendell, MinnFirst National Bank, Peetz, ColoFirst National Bank, Emporium, PaFirst National Bank, Frazee, MinnFirst National Bank, Letcher S. DakCentral National Bank, Decatur, Ala.1Brown National Bank, Jackson, MinnCitizens National Bank, Wessington, S. Dak . . .First National Bank, Vincennes, IndAndalusia National Bank, Andalusia, AlaLiberty National Bank, Dickson City, PaFirst National Bank, Lewisville, IndFirst National Bank, Mazon, 111First National Bank, Egan, S. DakFirst National Bank, Story City, IowaFirst National Bank, Wyoming, Iowa l
First National Bank, Qormania, W. Va.'First National Bank in Greensburg, KansFirst National Bank, Scappoose, OregHomer City National Bank, Homer City, P a . . .First National Bank, Reynolds, GaFirst National Bank, Palestine, 111First National Bank, Springfield, OregMasontown National Bank, Masontown, Pa.1 _.First National Bank, Portsmouth, Va.1United States National Bank, Deer Lodge, Mont.McDowell County National Bank, Welch,
W. Va.iSchmelz National Bank, Newport News, Va.1
National Citizens Bank, Lake Benton, MinnFirst National Bank, Crosby, N. DakFirst National Bank, Flandreau, S. DakFirst National Bank, St. Francis, KansFarmers National Bank, Gonzales, TexDiamond National Bank, Pittsburgh, PaDawson-City National Bank, Dawson, GaPark National Bank, Sulphur, OklaFirst National Bank, Allen, OklaDuquesne National Bank, Pittsburgh, PaShawnee National Bank, Shawnee, OklaFirst National Bank, McLoud, OklaUnited States National Bank & Trust Co.,
Kenosha, Wis.Tecumseh National Bank, Tecumseh, OklaFirst National Bank, Washington, MoFirst National Bank, Ocean City, N. JPainesville National Bank, Painesville, Ohio *_.Granville National Bank, Granville, N. Y.iFirst National Bank, Rensselaer, Ind.1
First National Bank, Dillwyn, Va.iAyers National Bank, Jacksonville, 111City National Bank, Georgetown, TexFirst National Bank, Webster City, IowaBelmont National Bank, Belmont, Ohio 1.Gadsden National Bank, Gadsden, AlaFirst National Bank, Lincoln, AlaFirst National Bank, Woodlake, CalifFirst National Bank, Ephrata, WashFirst National Bank, Faulkton, S. Dak
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OF THE COMPTROLLER OF THE CURRENCY 395
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
396 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 3971984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
398 REPOKT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Reno National Bank, Reno, NevFirst National Bank, Winnemucca, NevEnumclaw National Bank, Enumclaw, Wash.*.Public National Bank & Trust Co., Houston,
Tex.1Merchants National Bank, Wadena, MinnFirst National Bank, Motley, MinnFirst National Bank, Fort Gaines, GaAllenwood National Bank, Allenwood, Pa.1First National Bank, Chester, W. VaFirst National Bank, Marshfield, WisFirst National Bank, Iowa Falls, IowaMills County National Bank, Glenwood, Iowa-First National Bank, Rocksprings, TexCitizens National Bank, Glenwood Springs,
Colo.First National Bank, Ortonville, MinnFirst National Bank, Hermosa Beach, CalifWinder National Bank, Winder, GaFirst National Bank, Centerline, MichFirst National Bank, Russiaville, IndPutnam National Bank, Palatka, FlaFirst National Bank, Herrin, 111Third National Bank, Mt, Vernon, 111First National Bank, George, IowaFirst National Bank, Englewood, KansFirst National Bank, Monrovia, IndCitizens Security National Bank, Sisseton,
S. Dak.First National Bank, Ell wood City, PaFirst National Bank, Fowler, KansFirst National Bank, Greenfield, 111First National Bank, St. Marys, KansFirst National Bank, Yale, MichFirst National Bank, Sodus, N. YFirst National Bank, Anna, 111First National Bank, Littleton, ColoSt. Louis National Bank, St. Louis, MoFirst National Bank, Mary ville, TennJackson National Bank in Jackson, MinnFirst National Bank in Mamaroneck, N. YLiberty National Bank, Marine City, MichFirst National Bank, Algonac, Mich _.Arlington National Bank, Arlington, OregFirst National Bank, Wheaton, 111Snell National Bank, Winter Haven, Fla.1Twelfth Street National Bank, St. Louis, Mo...Farmers National Bank, Taylorville, 111East Tennessee National Bank, Knoxville,
Tenn. 2First National Bank, Madison, NebrFirst National Bank, Buffalo Center, IowaSecurity National Bank, Alexandria, S. Dak.i...California National Bank, Sacramento, CalifFirst National Bank, Wellington, ColoCommercial National Bank, Columbus, Nebr._First National Bank, Morristown, TennFirst National Bank, Statesville, N. CChelsea-Second National Bank & Trust Co.,
Atlantic City, N. J.National Exchange Bank, Waukesha, Wis.1First National Bank, Manilla, Iowa
138, 728Footnotes at end of table, pp. 448 and 449.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 3991934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
400 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 4011934, dales of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
402 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto^offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, Craig, NebrAtlantic City National Bank, Atlantic City,
N.J.First National Bank, Steelville, Mo 1City National Bank, Oshkosh, WisFirst National Bank, Roodhouse, 111First National Bank, Leigh, NebrFirst National Bank, Ballston Spa, N. Y.iLincoln Park National Bank, Lincoln Park,
Mich.First National Bank, Heppner, OregFarmers & Stock Growers National Bank,
Heppner, Oreg.Pleasantville National Bank, Pleasantville,
N.J.First National Bank, Ridgway, 111First National Bank, Secor, 111Citizens & Security National Bank, St. James,
Minn.Nokomis National Bank, Nokomis, 111First National Bank, North Bend, NebrFirst National Bank, Lumberton, MissFirst National Bank, Hunts ville, TennCitizens National Bank, Irwin, Pa.1Union National Bank, Fremont, NebrAshland National Bank, Ashland, WisNorthern National Bank, Ashland, WisBozeman Waters National Bank, Poseyville,
Ind.iFirst National Bank, Pitsburg, Ohio J
First National Bank, Sioux Rapids, Iowa *Sunrise National Bank & Trust Co., Baldwin,
N. Y.First National Bank, Oceanside, CalifFirst National Bank, Carlsbad, CalifFirst National Bank, Le Sueur, MinnCitizens National Bank, New Brunswick, N. J.McDaniel National Bank, Springfield, Mo.1Fort Collins National Bank, Fort Collins, Colo.First National Bank, Avon-by-the-Sea, N. J.L..Commercial National Bank, Washington, D. C.Marlin-Citizens National Bank, Marlin, Tex.2..Smith National Bank, St. Edward, NebrFirst National Bank, Rockport, IndLiberty National Bank, Pawhuska, Okla.1National Exchange Bank, Chester, S. C.sFirst National Bank, The Dalles, OregFirst National Bank, Hampstead, Md.sContinental National Bank, Indianapolis, Ind.1.Broad Street National Bank, Red Bank, N. J.7.Cherokee National Bank, St. Louis, Mo.7American National Bank, Rush ville, Ind.6Central National Bank, Oakland, Calif.7Guardian National Bank of Commerce, Detroit,
Mich.7First National Bank, Detroit, Mich.7First National Bank, Kitzmillerville, Md.7First National Bank, Massillon, Ohio 7
Citizens National Bank, Greeneville, Tenn.7First National Bank, Silverton, Tex.7Citizens National Bank, Frostburg, Md.7Citizens National Bank, Appleton, Wis.1
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 403
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
404 REPOKT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 405193'4, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
406 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. SI,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Name and location of banksCapitalstock atdate offailure
Citizens National Bank, Richmond, Ky.5Britton & Koontz National Bank, Natchez,
Miss.7National Loan & Exchange Bank, Columbia,
S. C."First National Bank, Claxton, Ga.2 7
City National Bank, Huntington Park, Calif.7.First National Trust & Savings Bank, Chico,
Calif.7First National Bank, Garden City, Kans.7First National Bank, Franklin, N. Y.7Pelham National Bank, Pelham, N. Y.7Douglaston National Bank, New York, N. Y.7.First National Bank in Lott, Tex.7First National Bank, Augusta, Kans.7First National Bank, Kingfisher, Okla.6Farmers National Bank, Henderson, Iowa 7
First National Bank, Farnhamville, Iowa 7
First National Bank, Ripley, Tenn.1First National Bank, Rialto, Calif.7Athol National Bank, Athol, Mass.7First National Bank, Everly, Iowa 7
Brasher Falls National Bank, Brasher Falls,N. Y.7
Millers River National Bank, Athol, Mass.7Mount Holly National Bank, Mount Holly,
N. J.7Larchmont National Bank & Trust Co., Larch-
mont, N. Y,7Central National Bank, Spartanburg, S. C.7___Peoples National Bank, Delta, Pa.27
First National Bank, Burnside, Ky.7First National Bank, Jefferson City, Mo.'Ansted National Bank, Ansted, W. Va.7First National Bank, Ansonia, Ohio 7
Millersville National Bank, Millersville, Pa.7..Citizens National Bank, Mulberry, Ind.7First National Bank, Hoopeston, 111.7First National Bank, Albany, Oreg.7First National Bank, Clintonville, Wis.7First National bank, Mebane, N. C.7First National Bank, Oakley, Kans.7Rockland National Bank, Rockland, Maine 7__Trinidad National Bank, Trinidad, Colo.*7
Montezuma Valley National Bank, Cortez,Colo.7
First National Bank, Gig Harbor, Wash.7South Side National Bank, St. Louis, Mo.7First National Bank, Eutaw, Ala.7First National Bank, Verona, Pa.?Citizens National Bank, Monticello, Ky.7First National Bank, Dunkirk, Ohio 7
Peoples National Bank, Seymour, Mo.7First National Bank, Ellis, Kans.7First National Bank, Oberlin, La.7First National Bank, Fairmont, N. C.7Maple Shade National Bank, Maple Shade,
N. J.7Union & Peoples National Bank, Jackson,
Mich.?First National Bank, Haverhill, Mass.7...Essex National Bank, Haverhill, Mass.7 _
Dollars100,000 June 26,1933100,000 July 1,1933
500,000 July 5,1933
Dollars133,312
1,022, 253
1,869,718
Dollars424,238844, 054
1,181, 464
50,000125,000 July
July 11,1933, " " \ 13,1933
150,000 July 18,1933
50,00050,000200,000100,000
July 21,1933ddo
, . . ) — - do25,000 July 25,1933
uly 27,1933do
75,25,000
000 Ji
25,000 July 28,193340,000-_.-do.__25,00075,000100,00025,00025,000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OP THE COMPTROLLER OF THE CURRENCY 4071934, dates of appointment of receivers and final closing, ivith nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
408 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 409
193A, dates of appointment of receivers and final dosing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
410 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together ivith the disposition of such collections, and1934— Continued
Name and location of banksCapitalstock atdate offailure
National Bank of Commerce, Amarillo, Tex. i . . .Prairie Depot National Bank, Freeport, Ohio L.Cedar Grove National Bank, Cedar Grove, Ind.7.First National Bank, Peru, Ind.7
First National Bank, Clay Center, Kans.7
Merchants National Bank, Clinton, Iowa l
First National Bank & Trust Co., Baraboo,Wis.7
First National Bank, Stockport, Ohio 27
First National Bank, Waynoka, Okla.7
First National Bank, Thief River Falls, Minn.7..First National Bank, Utica, Nebr.27
First National Bank, Adams, Nebr.7
First National Bank, Carnegie, Okla.27
First National Bank, La Veta, Colo.2 7
First National Bank, Hicksville, Ohio 7
First National Bank, Elmore, Ohio 7
Exchange National Bank, Marietta, P a . 2 'First National Bank, Kansas, Ohio 7
First National Bank at Pontiac, Mich.7
First National Bank, Hart, Mich.7
Tri-County National Bank, Oliver Springs,Tenn.7
Midway National Bank, Midway, Pa.7
First National Bank, Fleming, Ky.7
First National Bank, Newfield, N. J.* ^First National Bank, Midland Park. N . J.7
First National Bank, Hatton, N . Dak.iFirst National Bank, Oakland, Nebr.7
First National Bank, Newell, Iowa 7 . . .Kosse National Bank, Kosse, Tex.7
City National Bank & Trust Co., Niles, Mich.7.First National Bank, Dardanelle, Ark.2 7First National Bank, Trenton, N. Y.7
Rubey National Bank, Golden, Colo.7
Westside National Bank, West Paterson, N. J.7.Grand Rapids National Bank, Grand Rapids,
Mich.7
First National Bank, Bruin, Pa.7
First National Bank, New Matamoras, Ohio 7 _First National Bank, Beallsville, Ohio 7
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 4111934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
412 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Footnotes at end of table, pp. 448>nd 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 4131984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
414 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. Sl%total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank & Trust Co., CambridgeCity, Ind.7
First National Bank of Marshall County, at Ply-mouth, Ind.7
First National Bank, Montpelier, Ind.7First National Bank, Boswell, Ind.7First National Bank, Clinton, Ind.7Rosedale National Bank, Rosedale, Ind.7First National Bank, Cayuga, Ind.7
Dollars50,000 Oct. 3,1933
130,000 _do_.
rusi/ x> atiuneu JJEIUA, \say uga, iuu.-
Whiteland National Bank, Whiteland, Ind.7_.-_First National Bank, Wakarusa, Ind.7Lynch National Bank, Lynch, Ky.7Cherokee National Bank, Cherokee, Okla.7First National Bank in Cement, Okla.7Madison National Bank, Tallulah, La.7.-Farmers National Bank, Cherokee, Okla.First National Bank, Kanawha, Iowa 7. -Merchants National Bank, Galena, 111.7..First National Bank, Central City, Colo.:First National Bank, Freeport, 111.7Galena National Bank, Galena, 111.7First National Bank, Mancos, Colo.7First National Bank, Almont, Mich.7_First National Bank, Brighton, Mich.National Bank of Covington, Covington, Ind.2 7_First National Bank, Ridge Farm, 111.7First National Bank, Oxford, Ala.7Fksb National Bank, New Richland, Minn.7-..Kboxville-Citizens National Bank & Trust Co.,
Knoxville, Iowa.7Second National Bank, Bel Air, Md.7Farmers & Merchants National Bank, Bel Air,
Md.7First National Bank, Havensville, Kans.7Citizens National Bank, Romeo, Mich.7Citizens National Bank, Hammond, N. Y.2 7_—First National Bank, Goodhue, Minn.7Mount Ephraim National Bank, Mount Ephra-
im, N. J.7First National Bank, Somers Point, N. J.7Mechanics National Bank & Trust Co., Mill-
ville, N. J.7First National Bank, Plumville, Pa.7First National Bank, Cherry Tree, Pa.7National Bank of Newport, Newport, N. Y.7First National Bank in Avon-by-the-Sea, N. J.7_First National Bank, Birmingham, Mich.7First National Bank, Channing, Tex.7First National Bank, Fosston, Minn.7Harriman National Bank & Trust Co. of the
City of New York, New York, N. Y.7First National Bank, Avoca, Mich.7First National Bank, Waverly, N. Y.7 "National Central Bank, Cherry Valley, N. Y.7_.First National Bank in Salem, Oreg.7.. --.First National Bank, Humboldt, Iowa7
First National Bank, Lake Benton, Minn.iFirst National Bank, Grantsville, Md.7National Bank of Wyoming, 111.7First National Bank, Oak Harbor, Ohio7
Peckville National Bank, Peckville, Pa.7.
50,00025,00060,00025,00025,00025,00025,00050,00030,000 Oct,25,00050,00040, 000 Oct50,000 Oct
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CUKBENCY 4151984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
416 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 417
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
418 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, andibs/f—Continued
First National Bank, Valier, Mont.?First National Bank, Conrad, Mont.?Farmers National Bank, Geneva, Ala.?Harveysburg National Bank, Harveysburg.First National Bank, Hankins, N. Y.?First National Bank, Oregon, Wis.?First National Bank, Ypsilanti, Mich.?Peoples National Bank, Monmouth, 111.? _First National Bank, Shawano, Wis.?First National Bank, Dallas City, 111.? _..First National Bank, Woodstock, Minn.?First National Bank, Neillsville, Wis.?Falls National Bank, Niagara Falls, N. Y.?First National Bank of Commerce, Tarpon
Springs, Fla.?First National Bank, Marseilles, 111.?Farmers National Bank, Cambridge, 1112 ?First National Bank, Shullsburg, Wis.?Pleasant Unity National Bank, Pleasant Unity,
Pa 7Earlville National Bank, Earlville, 111.?First National Bank in Braidwood, 111.?First National Bank & Trust Co., Bloomington,
111.2 7First National Bank, Mineral Wells, Tex.iFirst National Bank, Cresco, Iowa ?First National Bank, Chelsea, Iowa ? . - .First National Bank, Graettinger, Iowa ?First National Bank, Stanton, Iowa ?New London National Bank, New London,First National Bank, Hubbard, Iowa ?Farmers National Bank, Kingsley, Iowa ?Farmers National Bank, Aledo, 111.?First National Bank, Grand River, Iowa ?Farmers First National Bank, Rake, Iowa "National Bank of West, Tex 2 6
First National Bank, Le Mars, Iowa 2 ?First National Bank, Marathon, Iowa ?First National Bank, Rock Valley, Iowa ?First National Bank, Dunkerton, Iowa?First National Bank, Little Rock, Iowa ?First National Bank, Saint Ansgar, Iowa ?First National Bank, Whiting, Iowa ?First National Bank, Ashton, Iowa ?First National Bank, Port Norris, N. J.?First National Bank, Aurora, Colo.?Federal-American National Bank & Trust Co.,
Washington, D. C?Commercial National Bank, Wilmington, 111.7First National Bank, Grayville, 111.?First National Bank, Steward, 111.?First National Bank, Compton, 111.?First National Bank, Ransom, 111.?Central City National Bank, Central City, Nebr.?.First National Bank, Sheridan, 111.?Farmers National Bank, Dahlgren, 111.?Farmers National Bank, Viola, 111.?Old-First National Bank & Trust Co., FortFirst National Bank, Lindsay, Calif.*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RE POET OF THE COMPTROLLER OF THE CURRENCY 419
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
420 EEPOET OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPOET OF THE COMPTROLLER OF THE CURRENCY 421198/f.., dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Securedand pre-
ferredliabili-
ties paidexcept
throughdivi-
dends, in-cludingoffsets
allowed
Disposition of proceeds of liquidation—Continued
106093—35Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
422 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, New Berlin, Pa.7Citizens National Bank, Dickson, Tenn.7First National Bank, Hawkeye, Iowa 7
First National Bank, Goldsboro, Pa.7First National Bank, Mansfield, Ark.7Webster National Bank, Webster, Mass.7First National Bank in Derry, Pa.7Lehigh National Bank, Philadelphia, Pa.7First National Bank, Portland, Maine 7
Peoples-Ticonic National Bank, Waterville,Maine.7
Hamilton County National Bank, Cleves, Ohio 7.Spring vale National Bank, Spring vale, Maine 7.District National Bank, Washington, D. C.7Security National Bank, Jackson, Tenn.7First National Bank, Richmond, Mich.7Uniontown National Bank & Trust Co., Union-
town, Pa.iChattanooga National Bank, Chattanooga,
Tenn.7Presque Isle National Bank, Presque Isle,
Maine.7Coast National Bank, Fort Bragg, Calif.7Brandon National Bank, Brandon, Vt.7First-Henry National Bank, Henry 111.7First National Bank, Park Rapids, Minn.7First National Bank, Huttig, Ark.7First National Bank, Monroeton, Pa.7Jefferson County National Bank, Brookville,
Pa.7First National Bank, Medford, Wis.1First National Bank, Joilet, 111.7First National Bank, Earlville, 111.7First National Bank, Woodruff, S. C.7National Bank of Ellensburg, Wash.7First National Bank, Sylvester, Tex.27
First National Bank in Blooming Grove, Tex.7_.National White River Bank, Bethel, Vt.7Belton National Bank, Belton, Tex.7National Bank of Fairmont, W. Va.7Clyde National Bank, Clyde, Tex.7Citizens National Bank, Llano, Tex.2 7
Richmond National Bank, New York, N. Y.7...Security National Bank, Wichita Falls, Tex.i__.First National Bank, Versailles, Mo.iFirst National Bank, Wilsonville, 111.7Webster National Bank, Webster, N. Y.7First National Bank, Grand Forks, N. Dak.7...First National Bank & Trust Co., Petersburg,
Va.7Jackson National Bank, Jackson, Minn.1First National Bank, Montour, Iowa 7
First National Bank, Elma, Wash.7 _.First National Bank, Murray, Ky.7National Black River Bank, Proctorsville, Vt.7.First National Bank, Marion, Ind.7First National Bank, Wilkinsburg, Pa.7 _.First National Bank, Atwood, 111.7First Lake County National Bank, Libertyville,
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 423
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
424 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Progress of liquidation to date of this report—Continued Disposition of proceeds of liquidation
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 425198Jh dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
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426 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
First National Bank, Florence, Ariz.7American Exchange National Bank, St. Louis,
A/fn 7National Bank of Anaconda, Mont.7
First National Bank of The Thousand Islands,Alexandria Bay, N. Y.7
First National Bank, Morrison, 111.7Chilton National Bank, Chilton, Wis.7
First National Bank, La Harpe, 111.7First National Bank, Swanville, Minn.7
Romulus National Bank, Romulus, N. Y.7
First National Bank, Ceylon, Minn.7
First National Bank, Keyser, W. Va.7First-Kenmare National Bank, Kenmare, N.
"Dot 7First National Bank, Cambridge, Minn.7
First National Bank, Rock Lake, N. Dak.7
First National Bank, Marmarth, N. Dak.7
Farmers National Bank, Hendricks, Minn.7
Farmers & First National Bank, New Castle,TnH 7
First National Bank, Holland, Minn.7
Tulpehocken National Bank & Trust Co., Phila-delphia, Pa.7
First National Bank, Tamaroa, 111.7
State National Bank, Windsor, Vt.7
First National Bank, White Lake, S. Dak.7
Farmers & Merchants National Bank, Milbank,Q "Flair 1
First National Bank, Gary, S. Dak 7
First National Bank, Hayti, S. Dak.7
First National Bank, White Bear Lake, Minn.7.First National Bank, Manistee, Mich.7
First National Bank, Del Rio, Tex.1
First National Bank, Rochester, Mich.7
Day and Night National Bank, Pikeville, Ky.L.First National Bank, Stone Lake, Wis.7 . . .First National Bank, Canton, S. Dak.7
Farmers National Bank, Freeport, Pa.7
First National Bank, Canton, 111.7 _ .Canton National Bank, Canton, 111.7
Millbury National Bank, Millbury, Mass.7
Union National Bank, Atlantic City, N. J.iFirst National Bank, Arthur, 1117
First National Bank, Columbus, N. J.7
Union National Bank, Fostoria, Ohio 7
First National Bank of Douglas County atCastle Rock, Colo.7
Cooperstown National Bank, Cooperstown,N Y 7
Mountains National Bank, Tannersville, N. Y.7.Fii-st National Bank, St. Albans, W. Va.7First National Bank, Portsmouth, Ohio 7
Orange National Bank, Orange, N. J.7First National Bank, Canonsburg, Pa.7
National Citizens Bank, Charles Town, W. Va.7.Union National Bank, New Castle, Pa.1 . . _First National Bank, New Wilmington, Pa.7 . . . .National Bank of Clayville, N. Y.7 _ . .First National Bank in Gallup, N. Mex.7
First National Bank Dickinson, Tex.1National Shoe & Leather Bank, Auburn, Maine7
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLEE OF THE CURRENCY 427
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
428 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTROLLER OF THE CURRENCY 429
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
430 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, East Orange, N. J.7Noble County National Bank in Caldwell, Ohio7.First National Bank in Gibsland, La.7...Bellefontaine National Bank, Bellefontaine,
Ohio.7First National Bank, Swayzee, Ind.7Hastings National Bank, Hastings, Mich.7First National Bank, Paw Paw, Mich.7Welden National Bank, St. Albans, Vt.7First National Bank in Bessemer, Ala.7First National Bank, Hancock, Md.7First National Bank, Russellton, Pa.7First National Bank, Wyandotte, Mich.7First National Bank, Litchfield, Nebr.7First National Bank, Lykens, Pa.7First National Bank, Woodsfield, Ohio 7
Public National Bank, Rochester, N. H.7Exchange National Bank, Hastings, Nebr.1Commercial National Bank, Fond du Lac, Wis.7.Morris National Bank, Morris, Minn.7First National Bank, Chattanooga, Tenn.i8
Pittsfield National Bank, Pittsfleld, Maine 7___First National Bank, East Palestine, Ohio 7
Union National Bank, Massillon, Ohio l
First National Bank, Finleyville, Pa.7Farmers National Bank, Lake Geneva, Wis.7.__First National Bank, Branchville, N. J.7Palmyra National Bank, Palmyra, N. J.7Fort Fairfleld National Bank, Fort Fairfield,
Maine.7First National Bank, Crafton, Pa.7First National Bank, Roseto, Pa.7Calais National Bank, Calais, Maine 7
Farmers National Bank, Houlton, Maine7
Citizens National Bank, Stoughton, Wis.7First National Bank, Burnham, Pa.7Farmers & Wabash National Bank, Wabash,
Ind.7Montpelier National Bank, Montpelier, Ohio 7- -First National Bank, Monticello, 111.7First National Bank, Savanna, 111.7First National Bank, Mascoutah, 111.7State National Bank, Peru, 111.7First National Bank, Chadwick, 111.7First National Bank, Vermilion, 111.2 7
First National Bank, Hampshire, 111.7National Bank of Niles Center, 111.7National Bank of Bellows Falls, Vt.7Caribou National Bank, Caribou, Maine 7
First National Bank in Ponca City, Okla.7Anaheim First National Bank, Anaheim, Calif.7.Farmers-Merchants National Bank, Princeton,
Wis.7
Crestwood National Bank, Tuckahoe, N. Y.7_._Mount Airy National Bank in Philadelphia, Pa.7Commercial National Bank in Jefferson, Tex.1.National Bank of Pico, Calif.7National Bank of Orange County at Chelsea,
Vt.7Miners National Bank, Ishpeming, Mich.7First National Bank, What Cheer, Iowa *7
First National Bank, Birdsboro, Pa.7Salt Springs National Bank, Syracuse, N.. Y. 7 _.
Footnotes a t e n d > f table , p p . 448 and 449-.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ftEPORT OF THE COMFTROLLEk OF THE CURRENCY 4 3 1
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
432 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTEOLLEB OP THE CURRENCY 433
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
434 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 81,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Name and location of banksCapitalstock atdate offailure
Wilshire National Bank, Los Angeles, Calif.7Cedar Rapids National Bank, Cedar Rapids,
Iowa.1First National Bank, Darby, Pa.?Seven Valleys National Bank, Seven Valleys, Pa7.First National Bank & Trust Co., Yonkers,
N. Y.7Edisto National Bank, Orangeburg, S. C.7First National Bank, Eaton, Colo.7First National Bank, Olive, Calif.7First National Bank, Radcliffe, Iowa iMt. Vernon National Bank & Trust Co., Mt.
Vernon, Ind.1First National Bank, Conway, Wash.27
First National Bank, Van Buren, Maine "Commercial National Bank, San Antonio,
Tex.27 iiNational City Bank, New Rochelle, N. Y.7First National Bank, Greenup, Ky.7First National Bank, Linton, Ind.7First National Bank, Logan, W. Va.7First National Bank, Youngsville, Pa.*Farmers National Bank, Fairfax, S. Dak.iFirst Inland National Bank, Pendleton, Oreg.7..First National Bank, Brockport, N. Y.7First National Bank & Trust Co., Mamaroneck,
N. Y.iWabash National Bank, Wabash, Ind.iUnited States National Bank, Vancouver,
Wash.7First National Bank, Marietta, Ohio 7
First National Bank, Jason ville, Ind.7First National Bank, Edgewater, N. J.7First National Bank, Johnstown, Pa.7First National Bank, Bryan, Ohio 7
Seneca National Bank, West Seneca, N. Y.7Farmers National Bank, Bryan, Ohio 7
First National Bank, West Allis, Wis.7First National Bank, Hempstead, N. Y.7Bright National Bank, Flora, Ind.7Security National Bank, Randolph, Nebr.7First National Bank, Mountain Grove, Mo.7....Union National Bank, Scranton, Pa.7Macon Ridge National Bank, Delhi, La.7Elmhurst National Bank, New York, N. Y.7___.Newtown National Bank of New York, Corona,
N. Y.7First National Bank in Lowell, Ind.1First National Bank in Ness City, Kans.7Citizens National Bank, Eureka, Kans.7County National Bank, Clearfield, Pa.7Citizens Third National Bank & Trust Co.,
Greensburg, Ind.7First National Bank, Enosburg Falls, Vt.7First National Bank, Coeburn, Va.7First National Bank & Trust Co. in Orlando,
Fla.7First National Bank, Holly Grove, Ark.7First National Bank & Trust Co., Fleetwood,
Pa.7Farmers National Bank, Oxford, Pa.7First National Bank & Trust Co. at Flint,
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 4351934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
436 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448_and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 437
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 81,
Disposition of proceeds of liquidation—Continued
106093—35-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
438 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Name and location of banksCapitalstock atdate offailure
First National Bank, East Rutherford, N. J.7 . . .First National Bank, Clarksville, Tex.7National Bank of Hudson, Wis.7
First National Bank in Webster Groves, Mo.7 . . .First National Bank, La Grange, 111.7First National Bank, Fremont, Ohio 7
First National Bank, Eaton Rapids, Mich.7
First National Bank, Lyndhurst, N. J.7Stockgrowers & Farmers National Bank, Wall-
owa, Oreg.7First National Bank, Jacksonville, Ala.2 7
Yardley National Bank, Yardley, Pa.7
First National Bank & Trust Co., Ludington,Mich.7
Mobile National Bank, Mobile, Ala.1First National Bank, Urbana, 111.7Collingswood National Bank, Collingswood,
N. J.7Capital National Bank, Lansing, Mich.7
First National Bank, Manawa, Wis.7
First National Bank, Dawson Springs, Ky.7
First National Bank, Dillonvale, Ohio 7
First National Bank, Granville, 111.7 . . .Farmers National Bank, Cotton Plant, Ark.7Grand National Bank, St. Louis, Mo.7
Taylorville National Bank, Taylorville, 111.1Farmers National Bank, Garner, Iowa 7
New Albany National Bank, New Albany, Ind.7.Second National Bank, New Albany, Ind.7
Citizens National Bank, South Bend, Ind.7
First National Bank, Mayville, Wis.7
Wisconsin National Bank, Watertown, Wis.7First National Bank, Ambler, Pa.7
Bethlehem National Bank, Bethlehem, Pa.7
Old National Bank, Waupaca, Wis.7
First National Bank, Honaker, Va.7First National Bank, San Gabriel, Calif.7First National Bank, Conrad, Iowa iFirst National Bank, Windsor, Mo.7
Boulder National Bank, Boulder, Colo.7 »First Sterling National Bank, Sterling, 111.7Farmers & Merchants National Bank, Head-
land, Ala.7Elk National Bank, Fayetteville, Tenn.7
First National Bank, Hillsdale, Mich.7
First National Bank, Toledo, Ohio 7
First National Bank, Fayetteville, Tenn.7
State National Bank, Shawnee, Okla.7First National Bank, Perry, Okla.7First National Bank, Webster Springs, W. Va.7.Citizens National Bank, Franklin, Ind.7
Carlstadt National Bank, Carlstadt, N. J.7First National Bank, Grundy Center, Iowa.1
First National Bank, Napoleon, Ohio l
First National Bank, Hendricks, Minn.1 __First National Bank, Clarion, Pa.7
First National Bank, Camden, Ark.7 "Farmers National Bank, Fayetteville, Tenn.7-..Arkansas National Bank, Fayetteville, Ark.1
First National Bank, Rockwood, Pa.7
Farmers & Merchants National Bank, Rock-wood, Pa.7
First National Bank, Council Bluffs, Iowa.7
Dollars150,000 Feb. 28,193450,000 Mar. 1,193450,000 do.50,000
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 4391934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
440 REPORT OF THE COMPTROLLER OF THE
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTROLLER OP THE CURRENCY 441
1984, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
442 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and193'4— Continued
Name and location of banksCapitalstock atdate offailure
Tower City National Bank, Tower City, Pa.7—First National Bank & Trust Co., Frackville,
Pa.7
First National Bank, Mott, N. Dak.7
Carrollton National Bank, Carrollton, Ky.7
First National Bank, Oxford, N. Y.7
Whitman County National Bank, Rosalia,Wash.7
East Berlin National Bank, East Berlin, Pa . 7 . . .First National Bank, Naperville, 111.7
Lee County National Bank, Marianna, Ark.7.—First National Bank, Bradford, Ohio 7
First National Bank, Indiana, Pa.7
First National Bank, Elton, La.7
Planters National Bank, Fredericksburg, Va.1.—City National Bank, Goshen, Ind.7
First National Bank, Beaver Falls, Pa.7
First National Bank, Midland, Md.7
National Bank of Commerce, Lorain, Ohio 2 7_ —Peoples National Bank, Bronson, Mich.7
Hewlett-Woodmere National Bank, Woodmere,N. Y.7
Lincoln National Bank, Lincoln, 111.7
Peoples National Bank, Lakewood, N. J.7
Coldwater National Bank, Coldwater, Mich. 7 . .Hancock County National Bank, Carthage, 111.7.Commercial National Bank, Philadelphia, Pa.7 .First National Bank, Charleroi, Pa.7
First National Bank, Clifton Heights, Pa.7
American National Bank, Marshfield, Wis.7
First National Bank, Hartford City, Ind.7
Farmers National Bank, Crystal Lake, Iowa 7__First National Bank, Antigo, Wis.7
Langlade National Bank, Antigo, Wis.7
American-First National Bank, Mount Carmel,111.7
First National Bank, Breese, 111.7
First National Bank & Trust Co., Ford City,Pa.7
First National Bank, Tigerton, Wis.7
Citizens National Bank, Winterset, Iowa 7
First National Bank, Frostburg, Md.7
First National Bank, West Concord, Minn."First National Bank, Saegertown, Pa.1
Aurora National Bank, Aurora, 111.7
First National Bank, La Junta, Colo."First National Bank, Secaucus, N. J.7
First National Bank, Tuscumbia, Ala.7
First National Bank, Howell, Mich.7
Ocean City National Bank, Ocean City, N. J.7.First National Bank in Sea Bright, N. J.7
First-Farmers National Bank, Arcanum, Ohio 7 -Herkimer National Bank, Herkimer, N. Y.iFirst National Bank, Mingo Junction, Ohio 7__.First and Tri State National Bank & Trust Co.,
Fort Wayne, Ind.iFirst National Bank, Darlington, Wis.7
Northwestern National Bank & Trust Co., Phil-adelphia, Pa.7
First National Bank, Dalhart, Tex.7
First Natilnal Bank of Mt. Healthy, MountHealthy, Ohio.7
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 443
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
444 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1984—Continued
Progress of liquidation to date of this report—Continued
Total col-lectionsfrom allsources,
includingoffsets al-lowed and
unpaidbalanceK. F. C.
loan
Dollars1,067,6461,176,008
497, 638557,893557, 483201,949
564,412554,140485, 312418,165
3, 026,77940,546
796, 311
95, 658
180,400421,177
1,011,871
386, 023
1, 442, 714
1,318, 634136, 26264, 709
424,124329,197412, 295
195, 234
384, 647407, 406
338, 372
272, 308
205, 032
452,183
65,173
Loss onassets com-poundedor soldunder
order ofcourt
Dollars38,397
177,003
3,5958,035
40, 253363
25,44323,428
15,000193, 528
7,888
. 9,930
33,774
153
337
100
2,379
112
24, 500
16, 217
9,738
Book valueof remain-ing uncol-
lectedassets
Dollars474, 846742, 313
179,030525,491478,440256,067
361, 684329, 610465, 986317,996
2, 696,03592,181
589, 7861, 638, 529
222, 267
194,307860, 569
977, 7642, 306, 376
875, 317632, 793
17,007, 9141, 359, 4181,855,099
618, 224406, 097106, 981926, 448938, 931
1, 692, 902
62, 2241,916,164
344,085449, 404
1,489,957415,172
28, 4973, 460,110
205, 2031, 502,081
263, 797636,182875, 725364,873242,071
1,398, 887856, 731
1,838, 573
860,9359, 650, 456
547,0171,098,859
285,3811, 514, 698
65,142
Bookvalue ofremain-ing un-
collectedstock as-sessment
Dollars43,225
103,680
39, 65161,68049, 375
8,07560, 30579, 869
165,40622, 750
100,000100,000150,000
21, 675
38,42544,415
117, 368150, 000100,000133, 442
2, 000, 00047, 30050,000
74, 375
88,18965, 43396, 200
45,400125, 000
40, 000198, 250
43, 50050,00025, 000
300, 00050,000
75,000100,000100,00050,00098,800
200,00025, 000
75, 000500, 000
75, 00075, 000
150,000
Bookvalue ofassets
returnedto share-holders'agents
Dollars
Disposition of proceeds of liquidation
Conservators'distributions
To se-cured
creditors
Dollars9 27, 2689 1,472
9 23, 788
9 8, 8929 30, 614
9 42,931
9 109,014
9 185, 360
9 105, 331
9 1, 234
To un-securedcreditors
Dollars9 782,4599 810,997
9 328,187
9 195, 3709 131,3349150,4759 131,107
9 1,775, 475
9 307,609
9 346, 842
9 136,476
9 647,935
9 453, 978
9 215, 672
9 126, 279
9 125, 967
9 80,671
9 249,304
Dividends paidby receivers
On se-curedclaims
Dollars
On un-securedclaims
Dollars
296,648
Footnotes at end of table, pp. 448 and 449.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 445
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
446 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
Name and location of banksCapitalstock atdate offailure
Date re-ceiver ap-pointed
Book valueof assets
at date offailure,
estimatedgood
Book valueof assets
at date offailure,
estimateddoubtful
Burnside National Bank, Burnside, Pa.7
Ticonic National Bank, Waterville, Maine iSecurity National Bank, Clinton, Okla.7First National Bank, Chickasha, Okla.7First National Bank, Livingston, 111.7First National Bank, Hooversville, Pa.7
Citizens National Bank, Hooversville, Pa.7
National Bank of Ashland, Nebr.7
Citizens National Bank, West Alexander, Pa.7_.First National Bank, Lima, Mont.a 12
Merchants & Farmers National Bank, Char-lotte, N. C.7.
Farmers National Bank, Haviland, Ohio1
First National Bank, Forest City, Pa.7
Farmers & Miners National Bank, Forest City,Pa.7.
Second National Bank, Erie, Pa.7
Citizens National Bank, Faribault, Minn.7
Valley National Bank, Green Lane, Pa.7
American National Bank, Lincoln, 111.1Southwestern National Bank, Philadelphia, Pa.7.First National Bank, Bridgeville, Pa.7
First National Bank, Scribner, Nebr.7
First National Bank, Foley, Minn.7
National Bank of Shawneetown, Shawneetown,111.7.
First National Bank, Patton, Pa.7
First National Bank, Bethesda, Ohio7
First National Bank, West Milton, Ohio7
National Bank of Pontiac, 111.7First National Bank, Clinton, Ky.7
Sixth National Bank, Philadelphia, Pa.7
First National Bank, East Rochester, N. Y.7...Crystal Falls National Bank, Crystal Falls,
Mich.7.Iron County National Bank, Crystal Falls,
Mich.7
Farmers National Bank, Hodgenville, Ky.1
Merchants National Bank, Pottsville, Pa.7
First National Bank, Malvern, Ark.7
First National Bank, Greene, N. Y.1
Farmers National Bank & Trust Co., Bedford,Pa.7.
First National Bank & Trust Co., Bedford, Pa.7
Reading National Bank & Trust Co., Reading,Pa.7.
Citizens National Bank, Greenwood, Ind.7
First National Bank & Trust Co., Hamburg, Pa.7
Ozone Park National Bank, New York, N. Y.7First National Bank, Rockwood, Tenn.7
Dollars50,000
200,00050,000
200,00025,00025,00025,00060,00025,00025,000
une 26,1934une 28,1934. . .douly 5,1934
douly 12,1934uly 12,1934ruly 16,1934
doruly 19,1934
200,000 July 24,1934
25,000150,00050,000
Aug. 9,1934Aug. 10,1934
do
500,000 Aug. 13,1934lAug. 14,1934)Aug. 15,1934~ _do.
80,00050,000
150,000300,000 Aug. 17,193450,000 Sept. 20,193425,000 do25,000 do25,000 Sept. 21,1934
Total active (1,543 receiverships)Total finally closed (92 receiverships13)._.Total 1934 failures (394 receiverships)
240, 795,Q8t 1,025,274,137 1,307,438,338
231,870,08£13 8,925,00C
56, 525,00C
1,003,953,729 1
21,320,408
289, 923,373
,293,875,728
13, 562, 611
256, 551, 37€
Footnotes at end of table, pp. 448 and 449.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 447
198A, dates of appointment of receivers and final closing, with nominal aomunts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31.
Bookvalue ofassets atdate offailure,
estimatedworthless
Dollars12,060
226,33914,920
165,498186
9,5088,581
6,633
405, 596
21.955174, 252
8,491
750, 37073, 808
136, 806
95, 71244, 065
49, 450
323,196, 527
317, 499,004
5, 697, 523
48, 678, 033
Addi-tionalassets
receivedsince dateof failure
Dollars
13,23329,984
530
1,023, 652
44, 248
14, 437
116, 976, 258
112, 892, 954
4,083, 304
20, 409, 715
Totalassess-mentuponshare-holders
Dollars50,000
200,00050,000
200,000
25. 00025.00060,00025,000
200,000
150, 00050,000
500,00080,00050, 000
150,000
25,000
25,66630,000
50,666300,000
56,666
100,000
215,638,835
212,063,835
3, 575,000
40, 938, 750
Total assetsand stock
assessment
Dollars228,995947,186641,905
1,427,578235,007495, 857369,050326, 895381, 964
92, 7422, 719, 366
38, 8741, 742, 3841,069, 465
12, 539, 4971, 480, 572
593, 310566, 753
1, 871,199613,846854,095311, 866212, 603
1, 942, 829550, 363250, 891908, 975465, 398
4, 678, 7271, 292, 436
564, 264
1,029, 479
2,117, 735154, 605
798, 717
1, 358,9589,176, 992
231, 8951,144, 3101, 496, 2891,118, 651
2,988,524,095
2,940,285,250
48, 238, 845
656, 501, 247
Progress of liquidation to date of this report
Cash col-lections
from assets
Dollars32,298
218, 350285, 301
35
1,076,358,894
1,049,133,382
27, 225, 512
171, 780, 302
Cash col-lections
fromstockassess-ment
Dollars1,675
73, 609, 684
71, 625, 746
1, 983, 938
8, 065, 482
Receiver-ship earn-ings, cash
collec-tions frominterest,premi-
ums, rent,etc.
Dollars416
20, 7252,553
188
59,047, 996
57, 572, 588
1, 475, 408
9, 111, 347
UnpaidbalanceR. F. C.
loan
Dollars
127,647,259
127,647,259
31, 890, 022
Offsetsallowed
andsettled
Dollars
32,64610,976
133,663,298
130,759,293
2, 904, 005
19, 065, 592
28662867286828692870287128722873287428752876
287728782879
288028812882288328842885288628872888
28892890289128922893289428952896
2897
28982899290029012902
29032904
2905290629072908
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
448 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46.—National banks in charge of receivers during year ended Oct. 31,total assets at date of failure and additional assets acquired subsequent thereto,offsets allowed and earnings, together with the disposition of such collections, and1934—Continued
28662867286828692870287128722873287428752876
287728782879
28802881288228832884288528862887?888
28892890289128922893289428952896
2897
?8982899290029012902
29032904
2905290629072908
Progress of liquidation to date of this report—Continued
i Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, orto complete unfinished liquidation.
> Restored to solvency (28 banks).* Dividends of 60 percent and 100 percent paid through purchasing bank to assenting creditors and non-
assenting creditors respectively in accordance with agreements.* Preliminary figures subject to revision.5 Suspended under terms of bank holiday proclamation without subsequent appointment of conservator.6 Licensed banks found insolvent and immediately placed in receivership (4 banks),7 Formerly in conservator ship. IDigitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTROLLER OF THE CURRENCY 449
1934, dates of appointment of receivers and final closing, with nominal amounts ofcapital stock and stock assessments, amounts collected from all sources, includingvarious other data indicating the progress or results of liquidation to Oct. 31,
Disposition of proceeds of liquidation—Continued
Securedand pre-
ferredliabili-
ties paidexcept
throughdivi-
dends, in-cludingoffsets
allowed
Dollars10,154
196, 629175, 603
223
579,516,314
563,074,661
16, 441, 653
96, 059, 406
Cash ad-vancedin pro-tection
of assets
Dollars
737175
16,983,670
16,747,831
235,839
703, 996
Conser-vators'
ex-penses
Dollars
18, 25446, 396
7,274,632
7,274,632
4,859,441
Receiv-ers' sal-aries,
legal andother
expenses
Dollars1,007
2,6704,826
43,771,061
41,916,309
1, 854, 752
2, 554, 740
Cash inhands
of comp-trollerand re-ceivers
Dollars23, 228
53, 43171, 830
64,861,901
64,861,901
23,200,201
Amountreturnedto share-holdersin cash
Dollars
10,092
10,092
Amountof claimsproved
Dollars23, 927
949,902
13, 057
1,579,431,530
1,555,940,527
23,491, 003
201, 202, 090
Divi-dends(per-cent)
Interestdivi-
dends(per-cent)
Date finallyclosed or
restored tosolvency
28662867
?M92870287128722873287428752876
287728782879
?88028812882288328842885
2887
? m
289028912892
289428952896
2897
28982899
woo29012902
29032904
2905290629072908
s Including dividends paid through or by purchasing bank.9 Dividends paid through or by purchasing bank.i° 106.5 percent principal and interest in full paid nonassenting creditors by Comptroller's checks and 100
percent principal paid assenting creditors by purchasing bank in accordance with agreements.11 Licensed banks closed through revocation of license with appointment of conservator, subsequently
found insolvent and placed in receivership (4 banks).12 Federal Deposit Insurance Corporation appointed as receiver in accordance with terms of Banking Act
of 1933 (1 bank).13 Includes 28 receiverships restored to solvency with capital of $3,985,000,Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
450 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 46-A.—District of Columbia State chartered banks and banks incor-troiler of the Currency, in charge of receivers during year ended Oct. 31, 1934, datesat date of failure and additional assets acquired subsequent thereto, capitalallowed and earnings, together with the disposition of such collections, and various
la
2a
3a4a5a6a7a8fl
9a
10a
lla
12a
13a
14a
Name and location of banks
International Exchange Bank, Washington,D. C.
North Capitol Savings Banks, Washington,D. C.
Bank of Brightwood, Washington, D. CDepartmental Bank, Washington, D. CContinental Trust Co., Washington, D. C.i._Park Savings Bank, Washington, D. C.2Northeast Savings Bank, Washington, D. CAChevy Chase Savings Bank, Washington,
D. C.2Washington Savings Bank, Washington,
D. C.2Seventh Street Savings Bank, Washington,
D. C.2Potomac Savings Bank of Georgetown,
Washington, D. C.2United States Savings Bank, Washington,
D. C.2Woodridge-Langdon Savings & Commercial
Bank, Washington, D. C.2Industrial Savings Bank, Washington, D.C.2
Grand total (14 receiverships)
Progress of liquidation to date of thisreport—Continued
la
2a
3a4a5a6a7a8a
9a
10a
l la
12a
13a
14a
Loss onassets com-
poundedor soldunder
order ofcourt
Dollars2,679
2,682
99,91089,018
3,01275, 56561,123
20,163
11,195
108,097
2,643
476,087
Bookvalue of
remaininguncollect-ed assets
Dollars429,719
983, 240
441,228308,288
2, 264,5541,571,248
612,102309, 585
360,556
875,401
1,562, 688
1,835,409
312,687
539,920
12,406,625
Bookvalue of
remaininguncol-lected
stock as-sessment
Dollars97,245
70,102
42,33653, 647
100,00090, 603
92, 700
139,710
686,343
Capitalstock atdate offailure
Dollars116,830
90,000
100,000106,060
1,000, 000100,000100,000100,000
100,000
100,000
140,000
100, 000
50,000
50,000
2, 252,890
Date receiverappointed
July 14,1932
do
July 16,1932July 22,1932Feb. 28,1933July 13,1933Nov. 15,1933
1 Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold, orto complete unfinished liquidation.
2 Formerly in conservatorship.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 451
porated under the laws of the District of Columbia, under the supervision of the Comp-of appointment of receivers and final closing, with nominal amounts of total assetsstock and stock assessments, amounts collected from all sources, including offsetsother data indicating the progress or results of liquidation to Oct. 31, 1984
Abington National Bank, Abington, MassFarley National Bank, Montgomery, AlaFirst National Bank, Arkansas City, KansCity National Bank, Brownwood, TexCitizens National Bank, Spokane Falls, WashFirst National Bank, Philipsburg, MontBozeman National Bank, Bozeman, MontMontana National Bank, Helena, MontFirst National Bank, Great Falls, MontFirst National Bank, Kankakee, 111 ._.First National Bank, Orlando, FlaCitizens National Bank, Muncie, IndFirst National Bank, Port Angeles, Wash _.State National Bank, Denver, Colo . .American National Bank, Denver, Colo._First National Bank, Sioux City, IowaHampshire County National Bank, Northampton,
MassSeventh National Bank, New York, N. YFirst National Bank, Austin, TexBoliver National Bank, Boliver, PaFederal National Bank, Pittsburgh, PaFirst National Bank, Allegheny, PaFirst National Bank, Brooklyn, N. YUnion National Bank, Sommerville, PaFirst National Bank, Burnside, KyFirst-Second National Bank, Pittsburgh, PaMarion National Bank, Marion, KansFirst National Bank, Gallatin, TennAmerican National Bank, Pensacola, FlaFirst National Bank, Islip, N. YFarmers & Merchants National Bank, Mount Morris,
Pa.Union National Bank, Providence, KyFirst National Bank, Perry, ArkThird National Bank, Fitzgerald, GaWharton National Bank, Wharton, TexFirst National Bank, Casselton, N. DakFirst National Bank, Daytona, FlaFirst National Bank, Killeen, TexFirst National Bank, Streeter, N. DakState National Bank, Carlsbad, N. MexNocona National Bank, Nocona, TexFirst National Bank, Tombstone, ArizFirst National Bank, Lafayette, ColoFirst National Bank, Poplar, MontFirst National Bank, Lawton, OklaNational Bank of Hastings, Hastings, Okla _..First National Bank, Mohall, N. DakFirst National Bank, Ackerman, MissMerchants National Bank, Ada, OklaFirst National Bank, Watts, CalifFirst National Bank, Wetumka, OklaFirst National Bank, Tower City, N. DakMilnor National Bank, Milnor, N. DakFirst National Bank, Spanish Fork, UtahCitizens National Bank, Jamestown, N. DakCitizens National Bank, Sisseton, S. DakFarmers National Bank, Red Oak, IowaPowell National Bank, Powell, WyoFirst National Bank, Walhalla, N. DakCity National Bank, McAlester, OklaFirst National Bank, Volant, PaFirst National Bank, Libby, MontFarmers National Bank, Laurens, S. CFirst National Bank, Hardin, MontFirst National Bank, Steele, N. DakFirst National Bank, Granger, TexFirst National Bank, Warsaw, N. CStockmens National Bank, Nam pa, IdahoFirst National Bank, Hawarden, IowaFirst National Bank, Fort Branch, IndNational Bank of Ainsworth, Ainsworth, NebrFirst National Bank, Winter Garden, FlaTaylorville National Bank, Taylorville, 111First National Bank, Claxton, GaBrothethood of Railway Clerks National Bank, Cincin-
nati, Ohio
Receiverappointed
Aug. 3,1886Oct. 7,1891June 15,1893June 20,1893July 1,1893July 8,1893July 23,1893Aug. 2,1893Aug. 5,1893
First National Bank, Kimball, W. VaHartford National Bank, Hartford, KansFirst National Bank, Gastonia, N. CFirst National Bank in Harrison, ArkFirst National Bank, Ayden, N. C .First National Bank, Eureka Springs, ArkFirst National Bank, Green Forest, ArkFirst National Bank, Holly Grove, ArkFirst National Banjk, Dardanelle, ArkFirst National Bank, Richwood, W. VaFirst National Bank, Fleischmanns, N. YSan Angelo National Bank, San Angelo, Tex—_Ashland National Bank, Ashland, KyFirst National Bank, Newton, IowaNational Exchange Bank, Weston, W. VaFirst National Bank, Fennimore, WisFirst National Bank & Trust Co., Merchantville, N. J._First National Bank, Terra Alta, W. VaFirst National Bank, Lake Village, ArkTraders National Bank, Buckhajjrmon, W. VaFirst National Bank, Golconda, 111Farmers & Miners National Bank, Bentleyville* PaFirst National Bank, Luray, VaCitizens National Bank, New Lexington, OhioFirst National Bank, Bay City, MichFirst National Bank, Parkersburg, W. VaPainted Post National Bank, Painted Post, N. YCurwensville National Bank, Curwensville, PaPortland National Bank, Portland, PaPeoples National Bank, Laurel, DelHome National Bank, Union City, PaFirst National Bank, Ripley, W. VaCitizens National Bank,*Earlan, KyCentral National Bank, Mount Union, PaFirst National Bank, Henderson, N. CFirst National Bank, Bradley Beach, N. JFirst National Bank, Danvers, 111First National Bank, Oconomowoc, WisFirst National Bank, Abbeville, LaFirst National Bank, Wilson, N. CFirst National Bank, High Bridge, N. JNational Tradesmen's Bank & Trust Co., New Haven,
ConnFirst National Bank, George West, TexEast Tennessee National Bank, Knoxyille, TennMarlin-Citizens National Bank, Marlin, TexFirst National Bank, Claxton, GaPeoples National Bank, Delta, PaTrinidad National Bank, Trinidad, ColoFirst National Bank, Stockport, OhioFirst National Bank, Utica, NebrFirst National Bank, Carnegie, OklaFirst National Bank, La Veta, ColoExchange National Bank, Marietta, PaFirst National Bank, Newfield, N. JFirst National Bank, Dardanelle, ArkFarmers National Bank, Cherokee, OklaNational Bank of Covington, Covington, IndCitizens National Bank, Hammond, N. YFarmers National Bank, Cambridge, 111First National Bank, Bloomington, 111National Bank of West, West, TexFirst National Bank, Le Mars, IowaFirst National Bank, Sylvester, TexCitizens National Bank, Llano, TexFirst National Bank, Vermilion, 111First National Bank, What Cheer, IowaFirst National Bank, Con way, WashCommercial National Bank, San Antonio, TexFirst National Bank, Jacksonville, AlaNational Bank of Commerce, Lorain, Ohio
June 26,1930Oct. 11,1930Dec. 20,1930Dec. 30,1930Jan. 2,1931
Citizens National Bank, Spokane Falls, Wash.1First National Bank, Port Angeles, Wash.iFirst National Bank, Orlando, Fla.iFirst National Bank, Arkansas City, Kans.1Ben Hill National Bank, Fitzgerald, Ga.i2
First National Bank, Lawton, Okla.iFirst National Bank, Poplar, Mont.1State National Bank, Carlsbad, N. Mex.iFirst National Bank, Mohall, N. Dak.iFirst National Bank, Ackerman, Miss.1Farmers and Merchants National Bank, Mount Morris, Pa.1Farmers National Bank, Red Oak, IowaiFirst National Bank, Tower City, N. Dak.1First National Bank, Walhalla, N. Dak.iFirst National Bank, Sioux City, Iowa iFarmers National Bank, Laurens, S. C.1First National Bank, Warsaw, N. C.1First National Bank, La Fayette, Colo.1Ashland National Bank, Ashland, Ky.iCitizens Security National Bank, Sisseton, S. Dak.1First National Bank, Claxton, Ga.1First National Bank, Burnside, Ky.1First National Bank, Dardanelle, Ark.iFirst National Bank, Holly Grove, Ark.1Taylorville National Bank, Taylorville, 111.1
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 193'4*
Alderson, W. VaAlexandria, S. Dak..Alexandr ia Bay,
N. Y.Algonac, MichAllen OklaAllen wood, Pa
Alliance, NebrAlmont, MichAltoona, PaAltus, Okla
Title
First National Bank in..First National Bank...
.do__..doNational Bank of Com-
merce.National Bank of Adrian.New Georgia National
Bank.First National BankCitizens National Bank.Albion National Bank...First National BankNational Bank of Albion.Citizens National Bank.Farmers and Merchants
National Bank.Alderson National BankFirst National Bank in. _First National Bank of
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 455TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 193 J^—Continued
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
456 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
1494264820362696245617431891
1327177716202559
130215322125
1652179716992112
20531861
1848241919581610
2787170916432818249026652547156313372325
24121661182224371214271819671496106414162552
1554
2005
239818632728272617842242918
1436
1328
1981267320882331
Bessemer, Ala—.doBeverly Hills, Calif.Birdsboro, PaBirmingham, Mich.Bishop, TexBishopville, S. C
....doBlairstown, N. JBlissfield, MichBlooming Grove,
Tex.Blossburg, PaBloosom, TexBluefield, Va
City National BankFirst National Bank in_.First National Bank
Bank.First National BankPeoples National Bank...First National BankFirst National Bank in..
Miners National Bank. _Blossom National Bank.Twin City National
Bank.First National Bank
do..do..
_oBoswell, IndBoswell, PaBottineau, N. Dak-Boulder, ColoBowie, TexBoyne City, Mich..Bradford, OhioBraidwood, 111Branchville, N. J . . .Brandon, VtBrandt, S. DakBrantley, AlaBrasher Falls, N. Y.
Brazil, IndBridgewater, S. Dak.Brighton, ColoBrighton, MichBristow, OklaBrockport, N. YBrockway, PaBrookhaven, Miss..Brookings, S. Dak..Brookneal, Va.-Brook ville, Pa
Brownsville, Pa
Brownsville, Tex
Bruin, PaBrushton, N. Y_Bryan, Ohio
.do-
Boise City NationalBank.
Boonville National BankBoston Continental Na-
tional Bank.Federal National Bank—First National Bank
.do-Bottineau Na t iona l
Bank.Boulder National Bank.Security National Bank.First National Bank
doFirst National Bank in..First National BankBrandon National Bank.First National Bank
do.Brasher Falls National
Bank.Citizens National Bank.Farmers National BankFirst National Bank—do
. do -..do-
First National Bank in. .First National BankFarmers National Bank.Peoples National Bank..Jefferson County Na-
tional Bank.Monongahela National
Bank.Merchants N a t i o n a l
Bank.First National Bank. . . .
do.
Buchanon, Mich.Buffalo Center,Iowa.Burgettstown, P a . . .
Burlington, Iowa
Burlington JunctionMo.
Burnet, TexBurbam, PaBurns, Ore?Burnside, Ky
Farmers National Bank.First National Bank
do.do
Burgettstown NationalBank.
Merchants N a t i o n a lBank.
First National Bank
Burnet National Bank—First National Bank. . . .do
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 457
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 193'4*—Continued
Trustno. Location Title
Date receiverappointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
13972136267026382641
20742416
280326292617261614631776172326852798240412082812
2831
14621247
2623
24222365
2427221224322520
2415
259226801840245728332630
144817331347
2544
137324942693
135219752426242924531576
2462229022031582
204715472051
1775
Burt, IowaCairnbrook, P a . .Calais, MaineCaldwell, Ohio. . . .do -
Cambridge, Ohio—.Cambridge City,
Tnd.Cam den, ArkCanonsburg, PaCanton, 111—_doCapac, MichCardington, Ohio...Carey, OhioCaribou, MeCarlstadt, N. JCarrier Mills, I1J...Carrington, N. Dak.Carrollton, Ky
Carthage, III
First National BankdoCalais National Bank
Citizens National Bank-Noble County National
Bank in.Guernsey National BankFirst National Bank <fe
Trust Co.First National Bank
..do-Canton National BankFirst National Bank....do...
_do_.Caribou National Bank_Carlstadt National BankFirst National Bank
do.
Caruthersville, Mo.,Casselton, N. Dak..
Castle Rock, Colo...
Cayuga, IndCedar Grove, Ind . .Cement, OklaCenterline, Mich.. .Central City, Colo.Central City, Nebr.
Central Park, N. Y.
Ceylon, MinnChadwick, 111Chaffee, MoChanning, TexCharleroi, PaCharles Town, W.
Va.Charlotte, N. CChase City, VaChatsworth, 111
Chattanooga, Tenn.
Cheboygan, Mich..Chelsea, IowaChelsea, Vt
Carrollton N a t i o n a lBank.
Hancock County Na-tional Bank.
First National BankCass County National
Bank.First National Bank of
Douglas County at.First National BankCedar Grove National
Bank.First National BankFirst National Bank
do .Central City National
Bank.Central Park National
Bank.First National Bank
do.do...do...do-
National Citizens Bank-
First National BankdoCommercial N a t i o n a l
Bank.Chattanooga N a t i o n a l
Bank.First National Bank
.do-
Cherokee, IowaCherokee, KansCherokee, Okla.—doCherry Tree, P a . . .Cherry vale, Kans. .
Cherry Valley, N.Y.Chester, S. CChester, W . V a . . . .Chicago, 111
.—do— d o....do
-do-
National Bank ofOrange County.
Security National Bank.First National BankCherokeeNational Bank-Farmers National BankFirst National BankMontgomery County
National Bank.National Central Bank.National Exchange BankFirst National BankAlbany Park National
Bank & Trust Co.Alliance National Bank.Austin National Bank.Bowmanville National
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
458 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 81, 1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
20252077
1597
2060
2058
206716962069
2062
1688
2068
20611596
1750
2064
2086
2311
16072092
2588114418311060280215021314275223672633
2362209627412538
2368
11051515194215062339256313961259
1671125716542308
180511282056
2246
262119371717
Chicago, I1L.do
_do-
_do_.
.do..
do. . . . .do
do
.do-
_do-
do
dodo
do
__do
Chicago Heights, 111.
Chico, Calif
Chillicothe, MoChillicothe, Ohio.--.Chilton, WisChowchilla, Calif..Christopher, 111Clarinda, IowaClarion, PaClarksdale, Miss__.Clarksville, ArkClarksville, Tex.._.Clay Center, Kans.Clayville, N. Y. ._ .
Clearfield, IowaClearfield, Pa
doCleves, Ohio __
Douglass National BankHyde Park-Kenwood
National Bank.Inland Irving National
Bank.Jackson Park National
Bank.Jefferson Park National
Bank.Midland National Bank.Ogden National Bank...Peoples National Bank
& Trust Co.Ravenswood National
Bank.Rogers Park National
Bank.South Ashland National
Bank.Standard National BankWashington Park Na-
tional Bank.West Side-Atlas Na-
tional Bank.National Bank of Wood-
lawn.First National Bank &
Trust Co.First National Trust &
Savings Bank.First National BankRoss County National
Bank.Chilton National Bank -First National Bank
-do..Clarinda National Bank-First National BankPlanters National Bank-First National Bank
.do
Clinton, Iowa
Clinton, MinnClinton, Mo
.do.Clinton, S. CClintonville, Wis_...Clyde, TexClymer, PaC o e u r D'Alene,
Idaho.Coin, IowaColeridge, NebrColony, KansColumbia, S. C
Columbia, TennColumbia City, Ind.Columbia Heights,
Minn.Columbus, Nebr
Columbus, N. JColumbus, Mon t . . .Colville, Wash
doNational Bank of Clay
ville.First National BankClearneldNational BankCounty National Bank..Hamilton County Na-
tional Bank.Merchants N a t i o n a l
Bank.First National BankClinton National Bank..Peoples National Bank__First National Bank
do.Clyde National Bank...Clymer National Bank-First - Exchange Na-
tional Bank.First National Bank. . . .
.do.do
National Loan & Ex-change Bank.
Phoenix National Bank.First National BankColumbia N a t i o n a l
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 459
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency', including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno.
25181385138115332624
2099181919122737
1801
2344
27712808
175826681979197822521881
249324032033283719211810
252224802291123520812172
15791809
1621214218972163
17311674
12972735
261013091972
253422992298
17692635252921471488
1763132917381845160620201231
Location
Compton, 111Connellsville, Pa.---_doCoolville, OhioCooperstown, N. Y.
Cor bin, KyCorinth, Miss..Corinth, N. Y.Corona, N. Y..
Corpus Christi, Tex.
Cortez, Colo
Cotton Plant, Ark..Council Bluffs,
Iowa.Cowen, W. VaCrafton, PaCraig, Cole
doCraig, NebrCreighton, Nebr
Cresco, IowaCrescent City, 111..Crofton, NebrCrystal Lake, IowaCulver City, Calif_.Custer, S. Dak
Dahlgren, 111Dallas City, 111The Dalles, Oreg...Darlington, S. C.__Davidsville, PaDawson, Ga
Dawson, MinnDayton, TennDearborn, MichDecatur, Ala
doDeer Lodge, Mont-Deer Trail, Colo.._Defiance, OhioDeLand, Fla..Delhi, La
Del Rio, Tex-Delta, Colo.._De Pere, Wis.
Deny, PaDetroit, Mich.......do
Dexter, Mo...Dickinson, TexDickson, TennDickson City, Pa_.Dillwyn, Va
Doon, IowaDothan, Ala.... -doDougherty, Iowa—Downers Grove, I1LDriggs, IdahoDublin, Ga
Title
First National BankCitizens National Bank_Union National Bank...Coolville National BankCooperstown National
Bank.Whitley National Bank.First National BankCorinth National Bank.Newton National Bank
of New York.City National Bank &
Trust Co.Montezuma Valley Na-
tional Bank.Farmers National Bank-First National Bank
..do..
..do-Craig National BankFirst National Bank
.do.Creighton National
Bank.First National Bank
do..do-
Farmers National Bank.First National BankFirst National Bank of
Custer City.Farmers National Bank.First National Bank
do.Carolina National Bank.First National BankDawson-City National
Bank.First National BankAmerican National
Bank.First National BankCentral National Bank..First National Bank in-United States National
Bank.First National BankNational Bank of De-
fiance.First National BankMa con Ridge National
Bank.First National Bank
.do.National Bank of De
Pere.First National Bank in-First National BankGuardian National
Bank of Commerce.First National Bank
do.Citizens National Bank.Liberty National Bank-Merchants & Planters
National Bank.First National BankDothan National Bank..Houston National Bank.First National Bank._—doFirst National Bank in..First National Bank
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
460 KEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thet^ supervision of the Comptroller of the Currency, including distributions by con-
servators as reported by receivers, during the year ended Oct. 81,1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
25072350248925552815
264026612751
270427572724134621141308
19061752204619262557
23521542183622212574237816701277
21392218133427432197
2193175520501772
1293
234723242527152416572010166520032562
1401173018841982
232021941940
1624266321682747
23852749
Dubuque, Iowa
Dunkerton, Iowa...Dunkirk, OhioEarlville, 111
doEast Berlin, Pa
East Orange, N. J—East Palestine, Ohio.East Rutherford,
N. J.Eaton, ColoEaton Rapids, Mich.Edge water, N. JEdmore, N. DakEldora, IowaEl Dorado Springs,
Mo.Elgin, 111Elizabeth ton, Tenn......doElkin, N. C
Consolidated NationalBank.
First National Bank.do..
Earlville National Bank.First National BankEast Berlin National
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTROLLER OF THE CURRENCY 461
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 81, 193If*—Continued
Bright National Bank...First National BankFirst National Bank in..Floyd County National
Bank.Commercial National
Bank.First National BankCoast National BankFort Collins National
Bank.Fort Fairfield National
Bank.First National Bank. _.
do.Texas National Bank...First National BankUnion National Bank...First National Bank
do.First National Bank &
Trust Co.Citizens National BankFirst National Bank....
dodo....
.do..
.do.,
.do..
Gallup, N. MexGarden City, Kans _Gardner, 111Garner, IowaGarnett, Kans
Gary, Ind....doGary, W. VaGassport, N. YGenoa, N. YGeorge, IowaGeorgetown, TexGermantown, N. Y.
Gibsland, LaGig Harbor, Wash...Gillespie, 111Glasgow, Ky
.do-
Farmers National Bank-Union National Bank...First National BankFirst National Bank in..First National BankCitizens National Bank.Gadsden National Bank-Galena National Bank__Merchants National
BankFirst National Bank in_-First National Bank
doFarmers National Bank-National Bank of Com-
merce of Garnett.First National BankNational Bank of Amer-
ica at.Gary National BankFirst National Bank
do._do.
Glen Campbell, Pa.Glenvil, NebrGlenwood, Iowa
Glenwood City, Wis.Glenwood Springs,
Colo.Golden, ColoGoldsboro, PaGoldsboro, N. C
doGonzales, Tex_
City National BankGermantown National
Bank.First National Bank in.First National BankGillespie National Bank-First National BankTrigg National BankFirst National Bank
.do.Mills County National
Bank.Farmers National Bank-Citizens National Bank-Ruby National Bank...First National BankNational Bank of Golds-
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
462 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 1984*—Continued
Bank.First National BankFarmers National Bank.Henderson National
Bank.Citizens National Bank.
Farmers & Stockgrow-ers National Bank.
First National Bank— d o
Dec. 27,1933Oct. 13,1931June 12,1931
Oct. 11,1933Aug. 29,1933
doNov. 3,1933Dec. 11,1933Jan. 18,1932Mar. 29,1934
Jan. 3,1931
Feb. 13,1934July 28,1933June 11,1932
Nov. 28,1930
Feb. 2,1933
-do-
City National Bank
Dec. 29,1932
Oct. 22,1931
$82,817. 6412,324.004,292. 02
1 350,540.006,304.97
51.023.471 2,004,177. 00
2 6, 597, 651. 40
115,973.71138, 779.69
5,178. 06
83.242.484, 683.83
204,203. 6365,725.35
2 426,988.90
278. 621142,936. 00
11,905. 41
23,831. 3838, 626. 77
" 2,169.69211,057. 53
122. 678,317.45
98,591. 85133.450.44
i 191,648.0066,900.66
128.3612,873. 43
122,977.9593,155.4813,278.1513,847. 3121,977. 27
127,481. 9735,623.02
1 472,354. 00252.051.45
2, 500.00
20,887.834 1,928,489.291 1,268,548.13
32,913.5529,577.9395, 795.77
1 23,877.00
»551.39
1,602, 283.0841,711. 65
« 128,419. 62
576.82
22,056. 3154, 267.942,329.90
60,347. 45
2516.36
1505
60150
2 60
37.512.53
32.5
4515
2 80
1405
19
10
1515
14042
104028
55
2518.333375
20
90< 85165
503017
120
507510
6
30
20
25.6.3
12.5
22503060
150
37.537.518
7570
4548.3333
280
1014043
30
30.5487517.5
1565
14042151540281040575075
5535
9085
165503062
120
58.3333
5075
45
Footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY 463TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 1934*—Continued
Trustno. Location Title
Date receiverappointed
Dividends paid duringthe year
Percent
Totalpercentof divi-dends
paid tocreditors
22151934237720141962
2791274615852156
2783233712641943
1827
17942023
144926712198
1818140624982753
263724642310
226920547812550136218662108
1351
212928192293
21231687191922052030
15872270174826941879183215482356
21432231
152221862723136620382332
Herrin,IllHiawatha, Kans..Hicksville, Ohio..Highland, Kans.._High Point, N. C__Hillsdale, Mich...Holly Grove, Ark.Holton, KansHomer City, Pa...Honaker, Va._.Hoopeston, I1LHope, IndHopedale, 111...
Hope well, Pa._
First National Bank.do.do.
-do-Commercial National
Bank.First National Bank........do
do-_lHomer City National
Bank.First National Bank
do.
Hoquiam, Wash.Hornell, N. Y_._.
doHorse Cave, Ky_Houlton, Maine-Houston, Tex
Citizens National Bank.Hopedale National
Bank.Hopewell National
Bank.First National Bank___.Citizens National Bank
& Trust Co.First National Bank.._.
do.
Houtzdale, Pa__.Howe, TexHubbard, Iowa..Hudson, Wis
Hull, IowaHumboldt, IowaHuntington Park,
Calif.Huntsville, Tenn__.Hurley, WisHuron, S. DakHuttig, ArkIdabel, OklaIdaho Springs, Colo_Independence, Iowa-Independence, Kans.Indiana, Pa
doIndianapolis, Ind__
Indianola, IowaInkster, MichIowa City, Iowa_-_Iowa Falls, Iowa___Iron Mountain,
& Trust Co.First National BankFarmers National Bank.First National BankThe National Bank of
Hudson.First National Bank.....doCity National Bank
First National BankHurley National Bank,.First National Bank
do.State National BankFirst National BankBuchanon County Na-
tional Bank.Commercial National
Bank.Citizens National Bank.First National BankContinental National
BankFirst National BankInkster National Bank..First National Bank
do
Jackson, MissJacksonville, 111Jasonville, IndJasper, FlaJayton, TexJefferson City, Mo.
United States NationalBank.
Iron National BankCitizens National Bank.First National Bank..-.Miners National Bank..Itasca National Bank...Ithaca National Bank...First National BankUnion & Peoples Na-
tional Bank.Brown National Bank-.Jackson National Bank
in.First National Bank.__.Ayers National Bank...First National Bank.__.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
464 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
209116132526
272525541629
144024302380187120002594
2178
20791708259323181256249918681611
15691568
2300
2442
1422
177114752410284921661760128412902034
2328
181416621455146721242359172610631656225721072042
1983228021481566168028282259
25252713265213792508
Jenkins, KyJenkintown, PaJewell, Iowa
Johnstown, PaJoliet, 111
do
Junction City, Ark.Kanawha, IowaKansas, OhioKelso, WashKendallville, Ind—Kenmare, N. Dak_.
Kenosha, Wis
First National BankCitizens National Bank-First National Bank of
Jewell Junction.First National Bank
doWill County National
Bank.First National Bank
do
July 12,1932June 27,1931Nov. 3,1933
Feb. 5,1934Nov. 10,1933July 15,1931
_do__do.
Kerman, CalifKewanee, 111Keyser, W. VaKingfisher, Okla . . .Kingsbury, TexKingsley, IowaKingston, TennKing wood, W. Va_.
Kinston, N. Cdo.
Citizens National Bank-First Kenmare National
Bank.United States National
Bank & Trust Co.First National Bank in_.First National Bank
do
Dec.Oct.Sept.Dec.Mar.Dec.
3,19307,193313,193329,193116,19328,1933
Nov. 15,1932
. .do._do.
Kitzmiller, Md
Knoxville, Iowa
Knoxville, Tenn
Kokomo, IndLadonia, TexLa Harpe, KansLa Junta, ColoLake Benton, Minn.Lake City, IowaLakeland, FlaLangdon, N. DakL'Anse, Mich
Farmers National Bank-First National BankKingwood National
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 465
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 81,1934*—Continued
Marine City, Mich.Marion, IndMarion, 111Marked Tree, Ark..Marmarth, N. Dak.Marseilles, 111Marshfield, Wis
doMartinsville, Ind. _Maryville, MoMaryville, Tenn...Mascoutah, 111Masontown, PaMassillon, OhioMathis, TexMatoaka, W. Va._.Mayville, N. Dak.Mayville, WisMazon, 111 __.Mebane, N. C
The National Bank ofKentucky.
Middlesex NationalBank.
First National Bank &Trust Co.
First. National Bank.do.
First & FarmersNational Bank in.
First National BankLynch National Bank_.First National Bank
.do.State National Bank in.The National Bank of
Lynwood.First National Bank
.do...do....do..
Fourth National Bank..First National Bank....Lake County National
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
466 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year.
Amount Percent
Totalpercentof divi-dends
paid tocreditors
1625
1649
1434196919701031
168120661470187512491692238723841049134426182335
2470
2451
2059
2492276316751725
13501799
24782105255122191959
195723492676257324182675
1253
1678180426582587161622472200281118541598
2449
2327
191022162336184719382575
Mechanicsville,N. Y.
do
Mendon, OhioMendota, 111
doMerced, Calif
First National Bank
Manufacturers NationalBank.
First National Bank.do.
Merrill, IowaMesa, ArizMiami, FlaMiddleport, N. Y...Middletown, Del...Midland City, Ala..Midland Park, N. J.Midway, PaMilbank, S. Dak_...Milford, 111Millbury, MassMillersville, Pa
Millington, Mich__.
Millville, N. J
Milton, Iowa
Mendota National BankFarmers & Merchants
National Bank.First National Bank
.do.City National Bank in_.First National BankPeoples National Bank_.First National Bank
do.Midway National Bank_First National Bank
.do.
Mineral Wells, Tex.Mobile, AlaMobridge, S. Dak.Mohawk, N. Y . . .
Momence, HL.Monessen, Pa.
Monmouth, 111Monroe, N. YMonroeton, PaMonrovia, IndMonterey Park,
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 467
NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 1931+*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
281624012307
248227392775
27762045
1767169825281294
2281
17852599
26311627
2497
163324112399
1976
21652441
2711
2632
17822315
2736
2459
1682
2039
24832392
Naperville, 111...Nappanee, Ind_.Natchez, Miss_.
First National Bank._.do.
Neillsville, Wis_-_Ness City, Kans._New Albany, Ind_
doNewark, N. J_
Newark, N. Y .New Bedford, 111....New Berlin, PaNewberry, S. C
New Brunswick,N. J.
Newburg, W. Va—New Castle, Ind___.
New Castle, PaNew H a m p t o n ,
Iowa.
New London, Iowa-
New London, Ohio..Newman, 111New Matamoras,
Ohio.Newport Beach,
Calif.Newport News, Va_.New Richland,
Minn.New R o c h e l l e ,
N. Y.New Wilmington,
Pa.New Windsor, M l .New York, N. Y—
_do..
.do.
.do..
.do..
.do..
Niagara Falls, N. Y.Niles, Mich
Noble, 111Nogales, ArizNokomis, 111Norfolk, NebrNorth Bend, Nebr.Northboro, Iowa._.North Rose, N. Y._North wood, Iowa._Norton, Va
18412266182122672131177821111545
246822972581238923411546
Footnotes at end of table.
Oak Harbor, Ohio__Oakland, CalifOakland, MdOakland, NebrOakley, KansOak Park, 111
Britton & Koontz Na-tional Bank.
First National BankFirst National Bank in_.New Albany National
Bank.Second National Bank..New Jersey National
Bank & Trust Co.First National BankFarmers National Bank.First National BankNational Bank of New-
berry.Citizens National Bank.
First National BankFarmers & First Na-
tional Bank.Union National Bank.._Second National Bank..
New London NationalBank.
Third National Bank...Newman National BankFirst National Bank
....do
Schmelz National Bank.First National Bank
National City Bank
First National Bank
....doDouglaston National
Bank.Elmhurst National
Bank.Harriman National
Bank & Trust Co. ofthe City of New York.
Queensboro NationalBank of the City ofNew York.
Rockaway Beach Na-tional Bank.
Washington NationalBank.
Falls National BankCity National Bank &
Trust Co.First National BankNogales National Bank..Nokomis National BankNorfolk National Bank..First National Bank
.do._do_..do..
The National Bank ofNorton.
First National BankCentral National Bank..Oarrett National Bank..First National Bank
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
468 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31, 1934*—Continued
Olympia National Bank.First National BankOrange National Bank..Edisto National Bank,__First National BankCitizens National Bank.First National BankCity National BankFarmers National Bank.Oskaloosa National
Bank.The National City Bank
of Ottawa.First National BankFarmers National Bank.First National BankCity National BankSecurity National Bank.First National BankPana National BankFirst National BankAmerican National B ank.First National BankParma National Bank__.First National BankLiberty National Bank..First National BankPecan Gap National
Bank.Peck ville National Bank.Farmers National Bank.Pelham National Bank..First Inland National
Bank.First National Bank
do
.do.
Philippi, W. Va._Philipsburg, Pa__.
Pico, Calif
Pikeville, Ky
Pikesville, Md—
Pine Bluff, Ark
Pine ville, KyPine ville, W. Va_.Pitcairn, Pa
do.
State National BankFirst National BankFirst National Bank &
Trust Co.Lehigh National Bank-..Overbrook National
Bank.Tulpehocken National
Bank & Trust Co.Citizens National Bank.Moshannon National
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 469TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by^ con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno.
2171177016941780
1684
19332660
12271679
2488
2262
245214292417
17181580
1949
165115832686238115402536251226271911
2545
2688
16662576
17661704209012662502
1856
14861672273225191951
14392294
1517170219871922
15201243
23062565
Location Title Date receiverappointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
Pittsburgh, Pado __-dodo
_do_
doPittsfleld, Maine—Plainview, Nebr
Plain view, Tex
Pleasant Unity, Pa_
Pleasantville, N. J_.Plumville, PaPlymouth, 111Plymouth, Ind
Point Marion, Pa__Point Pleasant,
W. Va.Point Pleasant
Beach, N. J.
Polo, 111Pomeroy, WashPonca City, Okla..Pontiac, MichPortage, PaPortland, Maine-_.Port Norris, N. J._Portsmouth, Ohio..Poseyville, Ind
Presque Isle, Maine.
Princeton, Ind
Princeton, Wis
Prineville, OregProctorsville, Vt . . .Prosperity, S. CPulaski, N. Y
Footnotes at end of table.106093—35 31Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
470 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
254215552439226320822611265520412013
1601
1604196823421519
22881757
22072506154314952037
244622562814
201824211878
175416221333
111122962650221326472626250913001603
928228721692265
1690
2584
229527722346
22292238
1890
22241559
13701795
Richmond, Mich__.Richwood, OhioRidge Farm, 111Ridgway, 111Riverside, 111Rochester, MichRochester, N . HRock Falls, 111Rockford, 111
First National Bankdo.
.do.,
.do..
.do..
.do..
.do..
. . . . d o .— . d o .Rockland, Maine. .Rockmart, Ga
Rockport, IndRock Rapids, Iowa.
Rocksprings, Tex. _Rock Valley, Iowa.Rockwell, IowaRogers, ArkRolla Rolla, Mo
Romeo, MichRoodhouse, 111Rosalia, Wash
Roscoe, Tex. . .Rosedale, Ind .Roseville, 111...
Public National B a n k . .First National BankForest City National
Bank.Manufacturers National
Bank & Trust Co.Security National Bank.Rockford National Bank.Rockland National Bank.Farmers & Merchants
National Bank.First National BankLyon County National
Bank.First National Bank
do.do...do..
Roxboro, N. CRoyal Oak, Mich.. .Royse City, Tex
Rush City, Minn. . .Rushville, IndRussellton, PaRussiaville, IndSt. Albans, VtSt. Albans,W. V a -s t . Ansgar, IowaSt. Augustine, Fla. .St. Clair Shores,
Mich.St. Cloud, M i n n . . .St. Edward, Nebr . .St. Francis, Kans—St. James, Minn
St. Joseph, M i c h . . .
St. Louis, Mo
The National Bank ofRolla Rolla.
Citizens National Bank.First National BankWhitman County Na-
tional Bank.First National BankRosedale National BankFarmers <fe Merchants
National Bank.First National Bank
doFirst National Bank of
Royse.First National BankAmerican National Bank.First National Bank
do.Weldon National Bank..First National Bank. . . . do— .do. . . . d o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RE POET OF THE COMPTROLLER OF THE CtTRRENCY 471TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1984*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
1901
2244
168524632031160813232057
127627842677157521552734180312832264179319711986
14762701
212117881877
23511578247921762043196425211513
1287248724051740
1789
21222303746
144522762220
1673158817141887
222617922450277716261720
1955
2027
1295
2028
Sabetha, Kans
Sacramento, Calif—.
Salem, N. YSalem, OregSalmon, IdahoSaluda, S. CSamson, AlaSan Bernardino ,
Calif.Sandersville, GaSan Gabriel, Calif-Savanna, 111.Savona, N. YScappoose, OregScranton, PaSea Isle City, N. J-.Sebring, FlaSecor, 111.Sedalia, Mo
do.
The National Bank ofSabetha.
California N a t i o n a lBank.
Peoples National Bank.First National Bank in_.Citizens National Bank.Planters National Bank.First National Bank in..San Bernardino Na-
tional Bank.First National Bank
.do...do..
Savona National Bank..First National Bank....Union National Bank...First National Bank
.do._do_.
S e d r o-W o o 11 e y,Wash.
Sesser, 111Seven Valleys, Pa .
Sevierville, Tenn...Seward, PaSeymour, Iowa
Seymour, MqShakopee, Minn..Shawano, WisShawnee, OklaSheffield, IowaShelby ville, Ind—Sheridan, 111Sheridan, Ind
Citizens National Bank.Sedalia National Bank..First National Bank... .
_do_.Seven Valleys National
Bank.First National Bank... .Citizens National Bank.The National Bank of
Seymour.Peoples National Bank.
doFirst National Bank.. . .Shawnee National Bank.First National Bank
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
472 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1931^—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
13202329207614271258
2282
21602135
2539
182524961849
22481811
22542788
251717391531261321512672137213482094
21732639210020402590264414611846178621032697
1945
2428260220242484
131222392179
157220832372
1683
210220711523
1361
181314801525
Spartanburg, S. C_..do —
— .doSpokane, Wash
do
Springfield, Mo
Springfield, OregSpringfield, Pa
Springvale, Maine. _
Stanford, MontStanton, IowaStarkweather, N.
Dak.Statesville, N. C___.Steamboat Springs,
Colo.Steelville, MoSterling, 111
Carolina National Bank.Central National Bank..First National BankCity National BankExchange Nat iona l
Bank.McDaniel Na t iona l
Bank.First National BankSpringfield National
Bank.Springvale National
Bank.First National Bank.—do— d o
_do_..do..
-do-
Steward, 111Stewartville, Minn-Stone, KyStone Lake, Wis . . .Story City, IowaStoughton, WisStrawn, 111Streeter, N.Dak_._Sullivan, Ind_
First Sterling NationalBank.
First National Bankdo.
_do_._do--do_.
Sulphur, OklaSummerfield, Ohio.Sumpter, S. CSuters ville, PaSwan ville, Minn__-Swayzee, IndSweet water, Tenn_Sweet water, Tex._-Sycamore, 111Sylacauga, AlaSyracuse, N. Y
Tacoma, Wash
Citizens National Bank.Farmers National Bank.Citizens National Bank-Peoples National Bank
& Trust Co.Park National BankFirst National BankCity National BankFirst National Bank
do.-do_.-do.._do_-do--do..
Tallulah, LaTamaroa, 111Tampa, FlaTarpon Springs, Fla
Taylorville, 111do
Tecumseh, Okla
Terra Bella, Calif. _.Terrell, TexThief River Falls,
Minn.Three Forks, Mont
Thomasville, Ga_..Thompson, lowa---Thurmond, W. Va.
Tifton, Ga
Tilden, Nebr.. .Titonka, Iowa-Toronto, Ohio-
Salt Springs NationalBank.
Washington NationalBank in the City ofTacoma.
Madison National Bank.First National BankNational City BankFirst National Bank of
Commerce.First National BankFarmers National Bank.Tecumseh N a t i o n a l
Bank.First National BankState National Bank in-First National Bank
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 473
TABLE N O . 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by^ con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno. Location Title Date receiver
appointed
Dividends paid duringthe year
Amount
$6,024. 42i 809, 727.00
3, 833. 3534, 247. 878,474. 21
44,151. 9410, 328.82
132,179. 39i 237,194. 00
i 125, 967. 0083, 277. 25
348.02
34,124. 6026, 947.08
158. 59
11,471.20312,109. 80
33, 799.46
1, 320, 238. 98
7, 343. 57
10.49154, 391.84107, 596. 47
33,829. 44i 666,405. 88
14, 998. 53226, 561. 29
9,800.0021,146. 50
13.4524, 246. 4918, 742. 3319, 355. 53
273.13165, 812. 3267, 733. 97
122,723.17i 800, 694. 00
30,000.006,035.08
69, 908. 74
77, 217.106,851. 244, 209. 67
44, 487. 21
53, 798. 47
198. 5516,196. 38
378. 698, 549. 38
79, 596. 321 462, 957. 00
1, 721,087. 88
116, 916. 61
Percent
3.631 70
5.27
12.5105
51165
14513
7.58
9.354
4
22.5
8
3523
12.5i 66. 66
10207
10
97
11
2812.5
70165
102
18
88. 33331.7225
50
7
3.474
1010
160
30
15
Totalpercentof divi-dends
paid tocreditors
1210
869156516861991134323942689
285118431826
146920781450
14531642
1641
1722
2120
170527641909
27092721
13871735153418641749169519601857166821452080
25232674
20351123
2199
2424124114422759
1885
159494195914043-A8-A
2285
4-A
Toronto, S. Dak.._Tower City, Pa
Townsend, MontTracy, Minn. .Trafalgar, IndTrafford, PaTranquillity, Calif-Trenton, N. YTuckahoe, N. Y—.
Tuscumbia, AlaTwin Falls, Idaho_
do.
Tyler, MinnTyndall, S. Dak_Tyrone, Pa
First National BankTower City National
Bank.First National Bank
.do.Farmers National Bank-First National Bank
.do..do..
Crestwood N a t i o n a lBank.
First National Bank.do.
Twin Falls NationalBank.
First National Bank.do.
Ullin, 111Union City, N. J .
— -do
Uniontown, Pa
Unionville, Mo
Unionville, N. Y—_Urbana, 111Valparaiso, IndVan Buren, Maine. _Vancouver, Wash
Aug. 4,1930Oct. 13,1931Mar. 19,1931Dec. 23,1931Oct. 16,1931Oct. 1,1931Feb. 9,1932Dec. 21,1931Sept. 3,1931
Wadena, Minn
Wakarusa, IndWakefleld, Nebr.-._Walhalla, N. Dak...Wallowa, Oreg
Walnut Park, Calif.
Warren, PaWarren, Minn
do.Washburn, N. Dak.Washington, D. C__.
do
do
do
Farmers National Bankin.
Farmers National Bank.Farmers & Wabash Na-
tional Bank.Liberty National Bank..Provident N a t i o n a l
Bank.Merchants N a t i o n a l
Bank.First National BankFarmers National Bank-First National BankStockgrowers & Farmers
National Bank.Walnut Park National
Bank.Citizens National Bank.First National BankWarren National Bank..First National BankBank of BrightwoodChevy Chase Savings
Bank.Commercial National
Bank.The Departmental Bank
of Washington.
Oct.July
3,19322,1932
Nov. 1,1933Jan. 11,1934
June 3,1932Mar. 26,1927
Dec. 16,1932
Oct. 3,1933Nov. 21,1928Dec. 5,1930Mar. 6,1934
Jan. 11,1932
June 4,1931Oct. 10,1925Dec. 5,1925Sept. 29,1930July 16,1932Nov. 15,1933
Feb. 28,1933
July 22,1932
53.6317075.259.587.5308551
165
1454312
61.52362.5
71.016659
70
35
60.5
753570
12.566. 66
1006060. 33333532.53920307
4335.5
70165
5792.8
58
88. 333385. 7225
50
41.5
4013. 474153155
160
50
80
Footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
474 REPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE N O . 49.—Dividends paid to creditors of insolvent national banks under thesupervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 31,1934*—Continued
Trustno. Location Title
Date receiverappointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dendspaid tocreditors
25402514
1-A
2-A
7-A11-A
10-A
12-A
9-A
13-A
1493
21802095
19802779
2537
102412691609
2250
977115127821660151224611727
208411572371253325691737
744218827542796
224519562729166918302073
1753
1844
1425272721012236
Washington, D. C__do
-do..
-do..
.do..
.do..
do. .---
—-do
do
.-—do
Washington, Ga
Washington, MoWaterloo, Iowa..._.do
Watertown, Wis. . -
Waterville, Maine..
Waubay, S. DakWauchula, FlaWaukegan, 111—.Waukesha, Wis
Waukon, Iowa....doWaupaca, WisWauseon, OhioWaverly, 111Waverly, N. YWayne, Pa
District National Bank..Federal-American Na-
tional Bank & TrustCo.
International ExchangeBank.
North Capitol SavingsBank.
Northeast Savings Bank.Potomac Savings Bank
of Georgetown.Seventh Street Savings
Bank.United States Savings
Bank.Washington Savings
Bank.Woodridge - Langdon
Savings and Com-merical Bank.
The National Bank ofWilkes.
First National BankCommercial National
Bank.Pioneer National Bank..Wisconsin National
Bank.Peoples-Ticonic Na-
tional Bank.First National BankCarl ton National Bank..Waukegan National
Bank.The National Exchange
Bank.First National BankPeoples National Bank..Old National BankFirst National Bank....do
Waynesboro, Miss.Waynesburg, Pa...Waynoka, Okla....Webster, MassWebster, N. YWebster, S. Dak...
.do..
.—.doMain Line National
Bank.First National BankCitizens National Bank.First National Bank..-.Webster National Bank,
do.
Webster City, Iowa.Webster Groves, Mo.Webster Springs,
W. Va.Wellington, Colo....Wellsvjlle, OhioWest Allis, WisWestbrook, Minn...West Frankfort, Ill-West Hollywood,
Calif.Westmont, N. J
West Paterson, N. J.West Point, Nebr...
West Salem, 111West Seneca, N. Y__Wewoka, OklaWheaton, 111
Farmers & MerchantsNational Bank.
First National Bank— d oFirst National Bank in-First National Bank
.do-Peoples National Bank-First National Bank....
do.-do-
West Hollywood FirstNational Bank.
Westmont NationalBank.
Westside National Bank.West Point National
Bank.First National BankSeneca National Bank..Farmers National Bank.First National Bank
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 475TABLE NO. 49.—Dividends paid to creditors of insolvent national banks under the
supervision of the Comptroller of the Currency, including distributions by con-servators as reported by receivers, during the year ended Oct. 81,1934*—Continued
Trustno.
1355
1874
26042423
2049251025661774257813801612
20632515
1529256822112786260321961615
223728441823
21921551
2556265419171019154426512152222527612702
1892271521321746
Location TitleDate receiver
appointed
Dividends paid duringthe year
Amount Percent
Totalpercentof divi-dends
paid tocreditors
White Hall, 111
Whitehouse Station,N. J.
White Lake, S. Dak_Whiteland, Ind
Whitesburg, KyWhiting, IowaWichita Falls, Tex..Wilcox, Pa..Wilkinsburg, Pa. . . .Williams, IowaWillow City, N.
N. C.Winterhaven, Fla...Winterset, IowaWoodbridge, N. J - .
Woodlake, CalifWoodlynne, N. J._-Woodruff, S. CWoodsfleld, Ohio...Woodward, Okla....Woonsocket, S. Dak.Worthington, W.Va.Wyandotte, Mich...Wyoming, IowaYale, Mich...Yardley, PaYonkers, N. Y
• Including District of Columbia State-chartered banks and banks incorporated under the laws of theDistrict of Columbia.
1 Conservator's distribution through or by purchasing bank.2 Including conservator's distribution through or by purchasing bank.3 ̂ Receiver's dividend paid through or by purchasing bank.* Including receiver's dividend paid through or by purchasing bank.«Distribution by conservator.e Including distribution by conservator.7 Direct distribution by conservator, including conservator's distribution through or by purchasing bank.s Including direct distribution by conservator and including conservator's distribution through or by
purchasing bank.9 Deduction by reason of dividend previously reported as paid but now canceled.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
*TABLE NO. 50.—National banks placed in charge of receivers, the affairs of which have been closed, by years, from Apr. 14, 1865, to Oct.Sit1934, with amounts of total nominal assets, capital stock, circulation outstanding, and total deposits at date of failure, together with variousdata indicating the results of liquidation, for those receiverships closed through liquidation {revised)1