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Annual Report of the Comptroller of the Currency 1930

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Annual Report of the Comptroller of the Currency 1930For sale by the Superintendent <rf Documents, Washington, D. C, Price $1.25 (cloth) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TKEASUBT DEPAKTMBNT
CONTENTS
Submission of the report. _.__,.__<_,__„_, ~ _ 1 Legislation recommended:
Amendments to national bank act _, . _ 1—11 Amendments to laws of the District of Columbia _ _ 11,12
Organization and liquidation of national banks, year ended October 31, 1930, and since establishment of system ________ 13, 14
Branches: Statement relative to 14 Number and kind of branches on February 25, 1927, and number
and manner of acquisition of additional branches of national banks by years to close of October 31, 1930 _ _ 15
Number and kind of branches authorized and closed during year ended October 31, 1930 . . . . 15
Domestic branches of national banks— Table showing, by States, number and manner of acquisition
of branches during year ended October 31, 1930 15, 16 Table showing, by States, number and class of branches closed
during year ended October 31, 1930 17 National banks in the trust field:
Statement relative to 19, 20 Fiduciary activities of, during year ended June 30, 1930, segregated
according to capital 21 Fiduciary activities of, during year ended June 30, 1930, segregated
according to population of places in which banks are located 22, 23 Fiduciary activities of, by Federal reserve districts, June 30, 1930 24 Fiduciary activities of branches, during year ended June 30, 1930,
segregated according to population of places in which branches are located _ __._ 25,26
National-bank failures: Statement relative to : - _ 27-32 Financial operations of division of insolvent national banks from
September 30, 1929, to September 30, 1930 32, 33 Capital, date of appointment of receiver, and per cent of dividends
paid by insolvent national banks, the affairs of which were closed during year ended October 31, 1930 33,34
Bank failures other than national, year ended June 30, 1930- 35 National-bank circulation:
Statement relative to 35 Statement of capital stock of national banks, national-bank notes,
and Federal reserve bank notes outstanding, bonds on deposit, etc., July 1, 1930 35, 36
Bond transactions relative to, year ended October 31, 1930 36, 37 Redemption of national and Federal reserve bank circulation, year ended
June 30, 1930 37 National banks of issue 37, 38 Condition of national banks at date of each call during year ended October
31, 1930 38,39 Principal items of resources and liabilities of national banks, September 24,
1930 „ 40,41 National-bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31, 1930 42 Loans and discounts of national banks:
Classification of, June 29, 1929, and June 30, 1930 ._- - 43 Classification of, by reserve cities and States, June 30, 1930_- 44-47 Comparative statement of, for the last three fiscal years, in central
reserve and other reserve cities, all reserve cities, and elsewhere 48 m
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Page Comparative changes in demand and time deposits, loans and discounts,
United States Government and other bonds and securities owned, and the amount of reserve of national banks with Federal reserve banks since June 30, 1926 48
United States Government securities owned by national banks June 30, 1930:
Classification of, by reserve cities and States 49, 50 Investments of national banks:
Comparison of, June 29, 1929, and June 30, 1930 51 United States Government, domestic, and foreign bonds, securities, etc.,
owned by national banks June 30, 1930: Classification of, by reserve cities and States 52-55
Per capita demand and time and savings deposits in all reporting banks June 30, 1930:
Statement, by States, showing approximate population, demand and time deposits, per capita demand and time deposits, savings de- posits, and per capita savings deposits 56, 57
Savings deposits and depositors in all reporting banks, according to class of banks, June 30, 1930, by States 58-63
Earnings, expenses, and dividends of national banks: Comparison of, years ended June 30, 1929 and 1930 64 Abstract of reports of—
By reserve cities and States, year ended June 30, 1930 65-74 By Federal reserve districts, year ended June 30, 1930 75, 76
National-bank investments in United States Government and other bonds and securities, etc., loans and discounts, and losses charged off on ac- count of bonds and securities and loans and discounts, years ended June 30, 1918 to 1930 77
Number of national banks, capital, surplus, net addition to profits, divi- dends, and percentage ratios, years ended June 30, 1914 to 1930__ 77
National banks classified according to capital stock, December 31, 1929: Number, loans and discounts, bonds and securities owned, aggregate
resources, capital, surplus and undivided profits, and total deposits of 77,78
National bank examiners, list of, November 1, 1930 78-83 Convictions of national-bank officers and others for violations of the na-
tional banking laws during year ended October 31, 1930, list of 83-88 Federal reserve banks:
Assets and liabilities of the 12 Federal reserve banks combined, as of the last weekly statement date in October, 1921 to 1930 89
Principal assets and liabilities of the 12 Federal reserve banks com- bined, on the last weekly statement date in each month, from Janu- ary 1926, to October, 1930 90
Percentage of bills discounted secured by United States Government obligations to total bills discounted and purchased by Federal re- serve banks at end of each month, year ended October 31, 1930 91
Federal reserve bank discount rates in effect November 1, 1930, date established, and previous rate with respect to all classes and maturities of eligible paper 91
Discount rates prevailing in Federal reserve bank and branch cities on bulk of loans of each class made by about 200 representative banks during week ending the 15th of the month, August, September, and October, 1930 91, 92
Rates for money in New York: Range of, monthly, year ended October 31, 1930 93 Comparison of range of, annually from January, 1921, to October,
1930 94 New York clearing house:
Statement relative to transactions of, year ended September 30, 1930_ 95 Clearing-house associations in the 12 Federal reserve bank cities and else-
where : Statement relative to transactions of, year ended September 30,1930__ 95
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CONTENTS V
Banks other than national, June 30, 1930: Page List of officials of State banking departments and number of each class
of banks under their supervision from which reports of condition were received _ > 95-97
State (commercial) banks— Summary of resources and liabilities of, and comparison with
June 29, 1929 98,99 Loan and trust companies—•
Summary of resources and liabilities of, and comparison with June 29, 1929 100,101
Principal items of resources and liabilities of, in June of each year, 1914 to 1930 . . . __. 102
Stock savings banks— Summary of resources and liabilities of, and comparison with June
29, 1929 102-104 Mutual savings banks—
Summary of resources and liabilities of, and comparison with June 29, 1929 104-106
Number of mutual and stock savings banks, number of savings de- positors, savings deposits, and average deposit account, by States, June 30, 1929 and 1930 . . 106-108
Number of savings banks (mutual and stock), number of savings de- positors, amount of savings deposits, and average amount due each depositor, June 30, 1914 to 1930 109
Private banks— Summary of resources and liabilities of, and comparison with
June 29, 1929 109-111 All reporting banks other than national—
Summary of resources and liabilities of, and comparison with June 29, 1929 111-113
Resources and liabilities of each class of 114 Resources and liabilities of, June 30, 1926 to 1930 115
National banks, June 30, 1930: Summary of resources and liabilities of, and comparison with June
29, 1929 115-117 Resources and liabilities of, June 30, 1926 to 1930 118
Banks, all reporting, June 30, 1930: Summary of resources and liabilities of, and comparison with June
29, 1929 119-121 Abstract of resources and liabilities of, by States 122-129w Demand and time deposits in, classification of 130 Resources and liabilities of, June 30, 1926 to 1930 131 Principal items of resources and liabilities of, in the continental
United States, as compared with similar data for member banks of the Federal reserve system 132
Banks in District of Columbia: Number, capital, demand and time deposits, and total resources of,
June 30, 1930 132 Earnings, expenses, and dividends of, other than national, 6-month
periods ended December 31, 1929, and June 30, 1930, and compari- son of, in years ended June 30, 1930 and 1929 132, 133
Building and loan associations in the District of Columbia— Number of, loans, installments on shares, and aggregate re-
sources, years ended June 30, 1909 to 1930 133, 134 Building and loan associations in the United States:
Statistics relative to, by States, year ended 1929 134, 135 Mortgage loan investments held by, in 1928 and 1929, by States____ 136 Failures of, each year 1920 to 1929 136
Money in the United States: Stock of, years ended June 30, 1914 to 1930 - . 137 Circulation statement of United States money, June 30, 1930 138 Imports and exports of merchandise, gold, and silver, calendar years
1914 to 1929, and from January 1 to September 30, 1930..- 139 Monetary stock of principal countries of the world:
Statistics relative to, at end of calendar years 1928 and 1929 140-147 Federal land banks, condition of, September 30, 1930 --- 148, 149 Joint-stock land banks, condition of, September 30, 1930 . 149-151
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Page Federal intermediate credit banks, condition of, September 30, 1930 151, 152 National agricultural credit corporations ._.,.. 152 United States postal savings system:
Statistics relative to activities of, years ended June 30,1929 and 1930- 153-157 School savings banking:
Statistics relative to, in each State, in school years 1928-29 and 1929-30, and summary each year since 1919 158, 159
Savings banks in principal countries of the world: Statistics relative to, as of various dates 159, 160
Resources of leading foreign banks of issue: Statistics relative to, on or about June 30, 1930 161
Expenses of the Currency Bureau: Summary of, in the fiscal year ended June 30, 1930___ 162
APPENDIX Page
Digest of decisions relating to national banks 165-243 EXHIBIT A: Decision of United States Circuit Court of Appeals in Port
Newark National Bank receivership case, ousting court receiver and restoring receiver appointed by the Comp- troller of the Currency 245-247
TABLES
No. 1. Comptrollers and Deputy Comptrollers of the Currency 248 No. 2. Names and compensation of officers and clerks in the Office of the
Comptroller of the Currency, October 31, 1930 248-250 No. 3. Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existence October 31, 1930 250
No. 4. Authorized capital stock of national banks on the 1st day of each month from January, 1926, to November 1, 1930, bonds on deposit to secure circulation, circulation secured by bonds, law- ful money on deposit to redeem circulation, and national-bank notes outstanding _ _ _: 251
No. 5. National banks reported in liquidation from November 1,1929, to October 31, 1930, the names (where known) of succeeding banks in cases of succession, with date of liquidation and capital. _ 252-258
No. 6. Capital stock, surplus, undivided profits, and aggregate resources of banks consolidated under act of November 7, 1918, as amended February 25, 1927, for the year ended October 31, 1930, as shown by their last reports prior to consolidation. _ 259-264
No. 7. National banks consolidated under act of November 7, 1918, their capital, surplus, undivided profits, and aggregate resources, year ended October 31, 1930 265, 266
No. 8. State banks and national banks consolidated under act of Febru- ary 25, 1927, their consolidated capital, surplus, undivided profits, and aggregate resources, year ended October 31,1930_ 267, 268
No. 9. Number and capital of State banks converted into national bank- ing associations in each State and Territory from 1863 to Octo- ber 31, 1930 269
No. 10. Conversions of State banks and primary organizations as national banks from March 14, 1900, to October 31, 1930 269
No. 11. Number of national banks increasing their capital, together with the amount of increase monthly for years ended October 31, since 1925 270
No. 12. Number and authorized capital of national banks chartered and the number and capital stock of banks closed in each year ended October 31, since 1913, with yearly increase or decrease. -___- 270
No. 13. Total number of national banks organized, consolidated under act of November 7, 1918, insolvent, in voluntary liquidation, and in existence on October 31, 1930. 271
No. 14. Changes of corporate title of national banks, year ended October 31, 1930 272,273
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Page No. 15. Changes of corporate title incident to consolidations of national
banks, and of State banks with national banks, year ended October 31, 1930 . 273-275
No. 16. National banks chartered during year ended October 31, 1930__ 275-277 No. 17. National banks chartered which are conversions of State banks
during year ended October 31, 1930 278 No. 18. National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during year ended October 31, 1930 279
No. 19. Number and classification of national banks chartered monthly during year ended October 31, 1930 1 280
No. 20. Principal items of resources and liabilities of national banks classified according to capital stock, December 31, 1929 280-288
No. 21. United States bonds on deposit to secure circulating notes of national banks in years ended October 31, 1900 to 1930 289
No. 22. Profit on national-bank circulation, based upon deposit of $100,000 United States consols of 1930, etc., at the average net price, monthly, during year ended October 31, 1930 __!._ 290
No. 23. Investment value of United States bonds—Panama Canal bonds and2'sof 1930 291
No. 24. United States bonds (circulation)—monthly range of prices in New York, November, 1929, to October, 1930, inclusive 291
No. 25. Number, capital stock, and circulation outstanding of national banks issuing circulating notes, together with number and capital stock of national banks not issuing circulating notes, June 30, 1930, by reserve cities and States 292, 293
No. 26. National-bank notes issued, redeemed, and outstanding, by de- nominations and amounts, on October 31, each year, 1920 to 1930. 294,295
No. 27. National-bank currency issued to banks monthly from November 1, 1929, to October 31, 1930, and since 1863 _ 296
No. 28. National-bank notes received monthly for redemption during year ended October 31, 1930 296
No. 29. National-bank notes received at currency bureau and destroyed yearly since establishment of system 297
No. 30. National-bank notes issued and destroyed, etc., account of active, insolvent, and liquidated banks, years ended October 31, 1914 to 1930 297
No. 31. Amount, denomination, and cost of national-bank currency received from Bureau of Engraving and Printing, year ended October 31, 1930 298
No. 32. Vault account of currency received and issued by currency bureau during year and amount on hand October 31, 1930 „ 298
No. 33. Vault account of currency received and destroyed during year ended October 31, 1930___, 298
No. 34. Amount of currency received for redemption, by months, from July 1, 1929, to June 30, 1930, and counted into the cash of the National Bank Redemption Agency 299
No. 35. Amount of currency received by National Bank Redemption Agency for redemption in year ended June 30, 1930, from prin- cipal cities 299
No. 36. Cost of redemption of national-bank notes during year ended June 30, 1930 299
No. 37. Classification of Federal reserve currency redemptions, amount redeemed, number of notes, cost of redemption per 1,000 notes, and amount assessed upon Federal reserve banks, year ended June 30, 1930 300
No. 38. Taxes assessed on national-bank circulation, years ended June 30, 1864 to 1930; cost of redemption, 1874 to 1930, and assess- ments for cost of plates, etc., 1883 to 1930 301
No. 39. Federal reserve notes outstanding according to weekly statements (amount issued by Federal reserve agents to Federal reserve banks, less "unfit" notes redeemed), and collateral security therefor, from November 6, 1929 to October 29, 1930.. 302
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Page No. 40. Federal reserve notes, segregated by series, printed, shipped and
canceled, issued to banks, retired, and destroyed since organi- zation of the banks, with balance in vaults and amount out- standing October 31, 1930 303-305
No. 41. Aggregate amount of Federal reserve bank notes printed, issued, canceled, and redeemed, by denominations, since inauguration of the Federal reserve system, and amount on hand and out- standing October 31, 1930 305
No. 42. Taxes assessed on Federal reserve bank currency, cost of redemp- tion, and cost of plates, years ended June 30, 1915 to 1930 306
No. 43. National banks in charge of receivers during year ended October 31, 1930, capital at date of organization and at date of failure, causes of failure, dividends paid while solvent, and circulation outstanding, etc 307-321
No. 44. National banks in charge of receivers, dates of organization, ap- pointment of receivers, and closing, with amounts of nominal and additional assets, amounts collected from all sources, loans paid, losses on assets, expenses of receiverships, claims proved, etc., to October 31, 1930 322-353
No. 45. National banks restored to solvency after having been placed in charge of receivers 354, 355
No. 46. Dividends paid to creditors of insolvent national banks during year ended October 31, 1930 355-360
No. 47. Dates of reports of condition of national banks from 1914 to 1930_ 360 No. 48. Condition of foreign branches of National City Bank and Chase
National Bank, of New York, N. Y., and First National Bank of Boston, Mass., on June 30, 1930 _ _ 361-366
No. 49. Number, capital stock paid in, circulation outstanding, and ag- gregate resources of national banks at date of each report from February 21, 1921, to September 24, 1930, money in the United States, June 30, each year, etc 367
No. 50. Abstract of reports of condition of national banks in the central reserve cities of New York and Chicago, in other reserve cities, and elsewhere, September 24, 1930 368
No. 51. Abstract of reports of condition of national banks in central reserve and other reserve cities and country banks at date of each call during year ended October 31, 1930 369-372
No. 52. Classification of amounts "due from" and "due to" banks re- ported by national banks, according to reserve cities and States, at date of each call during year ended October 31, 1930_____ 373-389
No. 53. Classification of demand and time deposits in national banks, according to reserve cities and States, at date of each call during year ended October 31, 1930 390-405
No. 54. Classification of bills payable and rediscounts of national banks, according to reserve cities and States, at date of each call during year ended October 31, 1930 406-415
No. 55. Classification of cash in vaults of national banks, according to reserve cities and States, at date of each call during year ended October 31, 1930 416-419
No. 56. Gold and silver coin, certificates, legal tenders, and other currency held by national banks at date of each call from February 21, 1921, to September 24, 1930 420
No. 57. Gold, etc., held by national banks in the central reserve city of New York at date of each call from February 21, 1921, to Sep- tember 24, 1930 421
No. 58. Reserve computation of…