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Annual Report of the Comptroller of the Currency 1932

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Annual Report of the Comptroller of the Currency 1932IN:;;:!> s ,wr;:s OOVS.KN.MKNT P-UNTINC. O1.". ICK
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TREAPTJTIY DEPARTMENT
CONTENTS
Page Submission of the report ., . . . . _ » _ . . 1 General discussion of bank failures and causes responsible therefor 1-4 Increase in circulation of national bank notes (authorized by sec. 29 of the
Federal home loan bank ac t ) . - . 4, 5 National-bank failures:
Statements relative to 5-10 Receiverships, year ended October 31, 1932 10,11 Receiverships, 1865-1932 _-. . . . . 11,12 Active receiverships as of October 31, 1932___ 12, 13 Receiverships terminated, 1865-1932 13,14 Receiverships terminated, year ended October 31,1932., 14-16 Financial operations of division of insolvent national banks from
October 1, 1931, to September 30,1932 _ 16 Summary snowing progress and results of liquidation of all national
banks placed in charge of receivers from 1865 to October 31,1932 16,17 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, 1932 17-19
State-bank failures in the District of Columbia, year ended October 31, 1932 . 19,20
All bank suspensions other than national, year ended June 30,1932 20 Number of all bank suspensions in the United States in the 1 lH years ended
June 30,1932, by States 20, 21 Organization and liquidation of national banks, year ended October 31,
1932, and since establishment of system . 21-23 Branches of national banks:
Statements relative to 23 Number and kind of branches on February 25, 1927, and number and
manner of acquisition of additional branches, by years to close of October 31, 1932 23
Number and kind of branches authorized and closed during year ended October 31, 1932 . ._ - , - 24
Number and manner of acquisition of domestic branches during year ended October 31, 1932, by States 24
Number and class of domestic branches closed during year ended October 31, 1932, by States 25
Credit unions in the District of Columbia (authorized by act approved June 23, 1932) . 26
National banks in the trust field: Statements relative to __- 27 Fiduciary activities of, during year ended June 30, 1932, segregated
according to capital 28, 29 Fiduciary activities of, during year ended June 30, 1932, segregated
according to population of places in which banks are located 29-32 Fiduciary activities of, by Federal reserve districts, June 30, 1932 32, 33 Classification of investments in living and court trust accounts under
administration by the active national-bank trust departments, on June 30, 1932, segregated according to capital of banks and popu- lation of places in which banks are located 33,34
Classification of investments in living and court trust accounts under administration by the active national-bank branches with trust departments on June 30, 1932, segregated according to population of places in which branches are located 34
Fiduciary activities of branches of national banks during year ended June 30, 1932, segregated according to population of places in which branches are located._... . 35, 36
m
IT CONTENTS
National-bank circulation: Page Statements relative to 37 Statement of capital stock of national banks, national-bank notes, and
Federal reserve bank notes outstanding, bonds on deposit, etc., July 1, 1932 37,38
Bond transactions relative to, year ended October 31, 1932 38 Redemption of national and Federal reserve bank circulation, year ended
June 30, 1932 39 National banks of issue 39 Condition of national banks at date of each call during year ended October
31, 1932__. 40 Principal items of resources and liabilities of national banks, September 30,
1932 41,42 National-bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31, 1932 43 Loans and discounts of national banks:
Classification of, June 30, 1930, 1931, and 1932 44 Classification of, by reserve cities and States, June 30, 1932 45-49 Comparative statement of, as of June 30, for the last three years, in
central reserve and other reserve cities, all reserve cities and else- where 50
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, 1928 50
United States Government securities owned by national banks: Classification of, by reserve cities and States, June 30, 1932 51-53
Investments of national banks: Comparison of, June 30, 1930, 1931, and 1932 53
United States Government, domestic, and foreign bonds, securities, etc., owned by national banks:
Classification of, by reserve cities and States, June 30, 1932 54-57 Earnings, expenses, and dividends of national banks:
Comparison of, years ended June 30, 1931 and 1932 58 Abstract of reports of—
By reserve cities and States, j ear ended June 30, 1932 r__ 59-68 By Federal reserve districts, year ended June 30, 1932 69, 70
National-bank investments in United States Government and other bonds and securities, etc., loans and discounts, and losses charged off on account of bonds and securities and loans and discounts, years ended June30, 1918 to 1932 71
Number of national banks, capital, surplus, net addition to profits, dividends, and percentage ratios, years ended June 30, 1914 to 1932 71
National banks classified according to capital stock, December 31, 1931: Number, loans and discounts, bonds and securities owned, aggregate
resources, capital, surplus and undivided profits, and total deposits of 72
Federal reserve banks: Assets and liabilities of the 12 Federal reserve banks combined, as of
the last weekly statement date in October, 1930 to 1932. 72 Principal assets and liabilities of the 12 Federal reserve banks com-
bined, on the last weekly statement date in each month, from January, 1930, to October, 1932 . 73
New York clearing house: Statements relative to transactions of, year ended September 30,1932_ 73
Clearing-house associations in the 12 Federal reserve bank cities and elsewhere:
Statements relative to transactions of, year ended September 30, 1932_ 74 Banks, all reporting June 30, 1932:
Summary of resources and liabilities of, by classes of banks 74-76 Abstract of resources and liabilities of, by States 77-85v
Resources and liabilities of, June 30, 1928 to 1932 86 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 86
Per capita demand and time and savings deposits, by States 87, 88 Savings deposits and depositors, according to classes of banks, by
States. . . . ._ 89-94 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS V
Pftge National banks, resources and liabilities of, June 30, 1928 to 1932 _. 95 Banks other than national:
List of officials of State banking departments and number of each class of banks under their supervision from which reports of condi- tion were received 95-97
Resources and liabilities of all, June 30, 1928 to 1932 98 State (commercial), resources and liabilities of, June 30,1928 to 1932__ 99 Loan and trust companies, resources and liabilities of, June 30, 1928
to 1932 . 100 Stock savings—
Resources and liabilities of, June 30, 1928 to 1932 101 Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1931 and 1932_. 102 Mutual savings—
Resources and liabilities of, June 30, 1928 to 1932 103 Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1931 and 1932__ 104 Stock and mutual savings, number of savings depositors, amount of
savings deposits, and average amount due each depositor, June 30, 1914 to 1932 105
Private, resources and liabilities of, June 30, 1928 to 1932 106 Banks in District of Columbia:
Resources and liabilities of, by classes, June 30, 1932 107, 108 Resources and liabilities of national banks in, June 30, 1928 to 1932. 109 Resources and liabilities of loan and trust companies in, June 30, 1928
to 1932 110 Resources and liabilities of savings and State banks in, June 30, 1928
to 1932 111 Earnings, expenses, and dividends of, other than national, 6-month
periods ended December 31, 1931, and June 30, 1932, and compari- son of, in years ended June 30, 1931 and 1932 112
Building and loan associations in the District of Columbia— Number of, loans, installments on shares, and aggregate re-
sources, years ended June 30, 1914 to 1932. _. 113 Building and loan associations in the United States:
Statistics relative to, by States, year ended 1931 _ 113,114 Mortgage loan investments held by, in 1930 and 1931, by States 115 Failures of, each year 1920 to 1931 1 115
Money in the United States: Stock of, years ended June 30, 1914 to 1932 116 Imports and exports of merchandise, gold, and silver, calendar years
1914 to 1931, and from January 1 to September 30, 1932 116, 117 Federal land banks, condition of, September 30, 1932 . 117, 118 Joint-stock land banks, condition of, September 30, 1932 118, 119 Federal intermediate credit banks, condition of, September 30, 1932__. 119,120 National agricultural credit corporations 120 United States Postal Savings System:
Statistics relative to activities of, years ended June 30,1931 and 1932.. 120-124 School savings banking:
Statistics relative to, in each State, in school years 1930-31 and 1931- 32, and summary each school year since 1919-20 125, 126
Expenses of the Currency Bureau: Summary of, in the fiscal year ended June 30, 1932 126 127
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CONTENTS VII
Pago No. 24. United States bonds (circulation)—-monthly range of prices in
New York, November, 1931, to October, 1932 167, 168 No. 25. Number, capital stock, and circulation outstanding of national
banks issuing circulating notes, together with the number and capital stock of national banks not issuing circulating notes, June 30, 1932, by reserve cities and States 16S-170
No. 26. National-bank notes issued, redeemed, and outstanding, by de- nominations and amounts, on October 31, each year 1930 to 1932 171
No. 27. National-bank currencv issued to banks monthly from November 1, 1931, to October 31, 1932, and since 1863—* 172
No. 28. National-bank notes received monthly for redemption during year ended October 31, 1932 172
No. 29. National-bank notes received at currency bureau and destroyed since establishment of the system 173
No. 30. National-bank notes issued during each year 1914 to 1932, na- tional-bank notes of active, insolvent, and liquidated banks destroyed, total destructions for each year, and percentage of destructions to issues - 173
No. 31. Amount, denomination, and cost of national-bank currency re- ceived from Bureau of Engraving and Printing, year ended October 31, 1932 .___ ..__ 174
No. 32. Vault account of currency received and issued by currencj7 bureau during the year, and the amount on hand October 31, 1932 174
No. 33. Vault account of currency received and destroyed during vear ended October 31, 19321 1 __._ 174
No. 34. Amount of currencv received for redemption, by months, from July 1, 1931, to June 30, 1932, and counted into cash of the National Bank Redemption Agency : 174
No. 35. Amount of currency received by National Bank Redemption Agency for redemption in year ended June 30, 1932, from prin- cipal cities 175
No. 36. Cost of redemption of national-bank notes during year ended June 30, 1932 175
No. 37. Classification of Federal reserve currency redemptions, the amount redeemed, number of notes, cost of redemption per 1,000 notes, and amount assessed upon Federal reserve banks, year ended June 30, 1932 176
No. 38. Taxes assessed on national-bank circulation, years ended June 30, 1864 to 1932; cost of redemption, 1874 to 1932; and assessments for cost of plates, etc., 1883 to 1932 176
No. 39. Federal reserve notes outstanding according to weekly state- ments (amount issued by Federal reserve agents to Federal reserve banks less notes redeemed), and collateral security therefor, from November 4, 1931, to October 26, 1932 1 177
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 the balance in vaults and amount out- standing October 31, 1932 178-180
No. 41. Aggregate amount of Federal reserve bank notes printed, issued, canceled, and redeemed, by denominations, since the inaugura- tion of the Federal reserve system, and amount outstanding October 31, 1932 I 180
No. 42. National banks in charge of receivers during year ended October 31, 1932, capital at-date of organization, capital and deposits at date of failure, dividends paid while solvent, and circulation outstanding, etc . 181-206
No. 42a. State banks under supervision of Comptroller of the Currency, in charge of receivers during year ended October 31, 1932, dates of organization and appointment of receivers, capital at date of organization and at date of failure, dividends paid while solvent and total deposits at date of failure 207
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VIII CONTEXTS
Page No. 43. National banks in charge of receivers during year ended October
31, 1932, dates of appointment of receivers and final closing, with nominal amounts of total assets at date of failure and additional assets acquired subsequent thereto, capital stock and stock assessments, amounts collected from all sources including offsets allowed together with the disposition of such collections, and various other data indicating the progress or results of liquidation to October 31, 1932 208-271
No. 43a. State banks under supervision of Comptroller of the Currency, in charge of receivers during year ended October 31, 1932, dates of organization, appointment of receivers, and final closing, with nominal amounts of total assets at date of failure and additional assets acquired subsequent thereto, capital stock and stock assessments, amounts collected from all sources including offsets allowed together with the disposition of such collections, and various other data indicating the progress or results of liquidation to October 31, 1932 272, 273
No. 44. National banks restored to solvency after having been placed in charge of receivers 274, 275
No. 44a. National banks restored to solvency which subsequently became insolvent 275
No. 45. Dividends paid to creditors of insolvent national banks during the year ended October 31, 1932 276-286
No. 46. National banks placed in charge of receivers the affairs of which have been closed, by years, from April 14, 1865, to October 31, 1932, with amounts of total nominal assets, capital stock, cir- culation outstanding and total deposits a t date of failure, to- gether with various data indicating the results of liquidation, for those receiverships closed through liquidation 287-291
No. 47. National banks placed in charge of receivers the affairs of which have been closed, by States, from April 14, 1865, to October 31, 1932, with amounts of total nominal assets, capital stock, cir culation outstanding and total deposits at date of failure, to- gether with various data indicating the results of liquidation, for those receiverships closed through liquidation_ . 292-295
No. 48. Dates of reports of condition of national banks from 1914 to 1932. 296 No. 49. Condition of foreign branches of National City Bank and Chase
National Bank, of New York, N. Y., First National Bank of Boston, Mass., and Bank of America National Trust and Savings Association of San Francisco, Calif., on June 30,1932 297-303
No. 50. Number, capital stock paid in, circulation outstanding, and aggre- gate resources of national banks at date of each report from April 6, 1925, to September 30, 1932, money in the United States on June 30 each year, etc 304
No. 51. Abstract of reports of condition of national banks in the central reserve cities of New York and Chicago, in other reserve cities, and elsewhere, at close of business September 30, 1932 305
No. 52. Abstract of reports of condition of national banks in central reserve and other reserve cities and country banks December 31, 1931, and June 30, 1932 306 307
No. 53. Classification of amounts "due from" and "due t o " banks reported by national banks December 31, 1931, and June 30, 1932 308-315
No. 54. Classification of demand and time deposits in national banks December 31, 1931, and June 30, 1932.. . ___ 316-323
No. 55. Classification of bills pa3~able and rediscounts of national banks December 31, 1931, and June 30, 1932 324-329
No. 56. Classification of ca.sh in vaults of national banks December 31, 1931, and June 30, 1932 330 331
No. 57. Gold and silver coin, certificates, legal tenders, and other cur- . rency held by national banks at date of each call from April 6,
1925, to September 30, 1932 332 No. 58. Gold, etc., held by national banks in the central reserve city of
New York at date of each call from April 6, 1925, to September 30, 1932 333
No. 59. Reserve computation of national banks December 31, 1931, and June 30, 1932 . . _ 334-341
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No. No.
TABLES Page
Comptrollers and Deputy Comptrollers of the Currency 131 Names and compensation of officers and clerks in the Office of
the Comptroller of the Currency, October 31, 1932__..> 131-133 Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existence October 31, 1932 . 133
Authorized capital stock of national banks on the first day of each month from January, 1928, to November, 1932, United State? bonds on deposit to secure circulation, circulation secured by bonds on deposit, the amount of lawful money on deposit to redeem circulation, and national-bank notes out- standing 134
National banks reported in liquidation from November 1, 1931, to October 31,1932, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital 135-141
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, 1932, as shown by their last reports prior to consolidation-_ 142, 143
National banks consolidated under act of November 7, 1918, their capital, surplus, undivided profits, and aggregate resources, year ended October 31, 1932 144
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, 1932_ 145
Number and capital of State banks converted into national bank- ing associations in each State and Territory from 1863 to Octo- ber 31, 1932 „ 146
Conversions of State banks and primary organizations as national banks from March 14, 1900, to October 31, 1932- 146
Number of national banks increasing their capital, together with the amount of increase monthly for years ended October 31, since 1927 147
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 the yearly increase or decrease 147
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, 1932 148
No. 14. Changes of corporate title of national banks, year ended October 31, 1932 149
No. 15. Changes of corporate title incident to consolidations of national banks and of State banks with national banks, year ended October 31, 1932 . 150
No. 16. National banks chartered during year ended October 31, 1932. 151-153 No. 17. National banks chartered which are conversions of State banks
during year ended October 31, 1932._>_ 153 No. 18. National banks, by States and geographical divisions, organized,
failed, and reported in voluntary liquidation during vear…