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Annual Report of the Comptroller of the Currency 1933

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Text of Annual Report of the Comptroller of the Currency 1933

Annual Report of the Comptroller of the Currency 1933WASHINGTON: 1934
For sale by the Superintendent of Documents, Washington, D.C. Price $1.25 (Cloth)
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TREASURY DEPARTMENT
CONTENTS
Page Submission of the report 1 Discussion of conditions incident to the banking holiday 1-8 Speeches, reference to 8 Legislation recommended 8-16 National banks in the trust field:
Statement relative to 17, 18 Fiduciary activities of, during year ended June 30, 1933, segregated
according to capital 19, 20 Fiduciary activities of, during year ended June 30, 1933, segregated
according to population of places in which banks were located 21-23 Fiduciary activities of, by Federal Reserve districts, June 30, 1933 24 Classification of investments in living and court trust accounts under
administration by the active national-bank trust departments, on June 30, 1933, segregated according to capital of banks and popula- tion of places in which banks were located 25
Classification of investments in living and court trust accounts under administration by the active national-bank branches with trust departments on June 30, 1933, segregated according to population of places in which branches were located 26
Fiduciary activities of branches of national banks during year ended June 30, 1933, segregated according to population of places in which branches were located 26-28
National-bank failures: Statement relative to c_ 29, 30 Receiverships, year ended October 31, 1933 30, 31 Receiverships, 1865-1933 31, 32 Active receiverships as of October 31, 1933 32, 33 Receiverships terminated, 1865-1933 33, 34 Receiverships terminated, year ended October 31, 1933 34, 35 Financial operations of division of insolvent national banks from
October 1, 1932, to September 30, 1933 35, 36 Summary showing progress and results of liquidation of all national
banks placed in charge of receivers from 1865 to October 31, 1933-_ 36 Capital, date of appointment of receiver, and percent of dividends
paid by insolvent national banks, the affairs of which were closed or restored to solvency during year ended October 31, 1933 37, 38
State bank failures in the District of Columbia, year ended October 31, 1933 38, 39
Organization and liquidation of national banks, year ended October 31, 1933, and since establishment of system 40, 41
Branches of national banks: Statement relative to 41, 42 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, 1933 42
Number and kind of branches authorized and closed during year ended October 31, 1933 42
Number and manner of acquisition of domestic branches during year ended October 31, 1933, by States 43, 44
Number and class of domestic branches closed during year ended October 31, 1933, by States 44, 45
National-bank circulation: Statement relative to 46 Statement of capital stock of national banks, national-bank notes,
and Federal Reserve bank notes outstanding, bonds on deposit, etc., July 1, 1933 46, 47
Bond transactions relative to, year ended October 31, 1933 47, 48 in
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IV CONTENTS
Page Redemption of National and Federal Reserve bank circulation, year ended
June 30, 1933 . 48, 49 Condition of national banks at date of each call during year ended October
31, 1933 L 49 Principal items of assets and liabilities of national banks, October 25, 1933_ 50, 5! National-bank liabilities on account of bills payable and rediscounts at
date of each call during year ended October 31,1933 52 Loans and discounts of national banks:
Classification of, June 30, 1931, 1932, and 1933 53 Classification of, by reserve cities and States, June 30, 1933 54—57 Comparative statement of, as of June 30, for the last 3 years, in central
reserve and other reserve cities, all reserve cities and elsewhere 58 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, 1929 58
United States Government securities owned by licensed national banks: Classification of, by reserve cities and States, June 30, 1933 59, 60
Investments of national banks: ComDarison of, June 30, 1931, 1932, and 1933 61
United States Government, domestic, and foreign bonds, securities, etc., owned by licensed national banks:
Classification of, by reserve cities and States, June 30, 1933 62-65 Earnings and dividends of national banks:
Comparison of, years ended June 30, 1932 and 1933 66, 67 Abstract of reports of—
By reserve cities and States, year ended June 30, 1933 68-79 By Federal reserve districts, year ended June 30, 1933 80, 81
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 owned and loans and discounts, years ended June 30, 1918 to 1933 „ 82
Number of national banks, capital, surplus, net addition to profits, divi- dends, and percentage ratios, years ended June 30, 1914 to 1933 82
National banks classified according to capital stock, December 31, 1932: Number, loans and discounts, bonds and securities owned, tctal
assets, capital, surplus and undivided profits, and total deposits of 83
Federal Reserve banks: Assets and liabilities of the 12 Federal Reserve banks combined, as
of the last weekly statement date in October 1931 to October 1933.. 83 Principal assets and liabilities of the 12 Federal Reserve banks
combined, on the last weekly statement date in each month, from January 1931 to October 1933 84
New York Clearing House: Statement relative to transactions of, year ended September 30, 1933 _ _ 84
Clearing-house associations in the 12 Federal Reserve bank cities and elsewhere:
Statement relative to transactions of, year ended September 30, 1933 '_ 85
All reporting licensed banks, June 30, 1933: Summary of reports of condition of, by classes of banks 85-88 Assets and liabilities of, by States 89-97 Assets and liabilities of, June 30, 1929 to 1933 98 Principal items of assets and liabilities of, in the continental United
States, as compared with similar data for member banks of the Federal Reserve system 98
Per capita demand and time and savings deposits, by States 99,100 Savings deposits and depositors, according to class of banks, by
States__ 101-107 National banks, assets and liabilities of, June 30, 1929 to 1933 108
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CONTENTS
Banks other than national: List of officials of State banking departments and number of each
class of licensed banks under their supervision in June 1933, from which reports of condition were received 108-110
Assets and liabilities of, June 30, 1929 to 1933 111 State (commercial), assets and liabilities of, June 30, 1929 to 1933___ 112 Loan and trust companies, assets and liabilities of, June 30, 1929 to
1933 113 Stock savings—
Assets and liabilities of, June 30, 1929 to 1933 114 Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1932 and 1933 115 Mutual savings—
Assets and liabilities of, June 30, 1929 to 1933 116 Number of savings depositors, amount of savings deposits, and
average deposit account, by States, June 30, 1932 and 1933 117 Stock and mutual savings, number of savings depositors, amount of
savings deposits, and average amount due each depositor, June 30, 1914 to 1933 118
Private, assets and liabilities of, June 30, 1929 to 1933 119 Banks in District of Columbia:
Assets and liabilities of, by classes, June 30, 1933 120, 121 Assets and liabilities of national banks in^June 30, 1929 to 1933 122 Assets and liabilities of loan and trust companies in, June 30, 1929 to
1933 122, 123 Assets and liabilities of savings and State banks in, June 30, 1929 to
1933 123 Earnings and dividends of, other than national, 6-month periods ended
December 31, 1932, and June 30, 1933, and comparison of, in years ended June 30, 1932 and 1933 124,125
Building and loan associations in the District of Columbia— Statement relative to 125, 126 Number of, loans, installments on shares, and total assets, years
ended June 30, 1914 to 1933 126 Credit Unions in the District of Columbia 126, 127
Building and loan associations in the United States: Statistics relative to, by States, year ended 1932 128 Mortgage loan investments held by, in 1931 and 1932, by States 129 Failures of, each year, 1920 to 1932 130
Money in the United States: Stock of, years ended June 30, 1914 to 1933 130 Imports and exports of merchandise, gold and silver, calendar years
1914 to 1932, and from January 1 to September 30, 1933 131 Federal land banks, condition of, September 30, 1933 132 Joint-stock land banks, condition of, September 30, 1933 133 Federal intermediate credit banks, condition of, September 30, 1933 134 Pacific National Agricultural Credit Corporation, statement of assets and
liabilities of, October 25, 1933 134, 135 United States Postal Savings System:
Statistics relative to activities of, years ended June 30, 1932 and 1933 135-139
School savings banking: Statistics relative to, in each State, in school years 1931-32 and
1932-33, and summary each school year since 1919-20 140, 141 Expenses of the Currency Bureau:
Summary of, in the fiscal year ended June 30, 1933 141, 142
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VI CONTENTS
TABLES Page
No. 1. Comptrollers and Deputy Comptrollers of the Currency 145 No. 2. Names and compensation of officers and clerks in the Office of
the Comptroller of the Currency, October 31, 1933 145-147 No. 3. Number of national banks organized since February 25, 1863,
number passed out of the system, and number in existence October 31, 1933 147
No. 4. Authorized capital stock of national banks on the first day of each month from January 1929 to November 1933, United States 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 outstanding 148
No. 5. National banks reported in liquidation from November 1, 1932, to October 31, 1933, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital-_ 149-152
No. 6. Capital stock, surplus, undivided profits, and total assets of banks consolidated under act of November 7, 1918, as amended Feb- ruary 25, 1927, and June 16,1933, for the year ended October 31, 1933, as shown by their last reports prior to consolidation 153, 154
No. 7. National banks consolidated under act of November 7, 1918, as amended June 16, 1933, capital, surplus, undivided profits, and total assets, year ended October 31, 1933 155
No. 8. State banks and national banks consolidated under act of February 25, 1927, as amended June 16, 1933, their consolidated capital, surplus, undivided profits, and total assets, year ended October 31, 1933 156
No. 9. Number and capital of State banks converted into national bank- ing associations in each State and Territory from 1863 to Octo- 157 ber 31, 1933
No. 10. Conversions of State banks and primary organizations as national banks from March 14, 1900, to October 31, 1933 157
No. 11. Number of national banks increasing their capital, together with the amount of increase monthly for years ended October 31, since 1928 157, 158
No. 12. Number and authorized capital of national banks chartered and number and capital stock of banks closed in each year ended October 31, since 1913, with the yearly increase or decrease 158
No. 13. Total number of national banks organized, consolidated under act of November 7, 1918, as amended June 16, 1933, insolvent, in voluntary liquidation, and in existence on October 31, 1933 159
No. 14. Changes of corporate title of national banks, year ended October 31, 1933 160
No. 15. Changes of corporate title incident to consolidations of national banks and of State banks with national banks, year ended Octo- ber 31, 1933 160
No. 16. National banks chartered during year ended October 31, 1933_ 160-165 No. 17. National banks for which increase of capital was authorized,
under act Mar. 9, 1933, as amended, by the issuance of pre- ferred stock, together with amount of increase and rate of dividend, etc., to close of business December 31, 1933 165-171
No. 18. National banks chartered which are conversions of State banks during year ended October 31, 1933 171
No. 19. National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during year ended October 31, 1933 172, 173
No. 20. Number and classification of national banks chartered monthly during year ended October 31, 1933 174
No. 21. Principal items of assets and liabilities of national banks, classi- fied according to capital stock, December 31, 1932 174-181
No. 22. United States bonds on deposit to secure circulating notes of national banks on October 31, 1910 to 1933 182, 183
No. 23. Profit on national-bank-note circulation, based upon a deposit of $100,000 United States consols of 1930, and Panama Canal loan, at the average net price, monthly, during year ended October 31, 1933 184
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CONTENTS VII
Page No. 24. Investment value of United States bonds—Panama Canal loans,
and 2's of 1930 185 No. 25. United States bonds (circulation)—monthly range of prices in
New York, November 1932 to October 1933 185 No. 26. National-bank notes issued, redeemed, and outstanding, by
denominations and amounts, on October 31, each year, 1931 to 1933 186
No. 27. National-bank currency issued to banks monthly from November 1, 1932, to October 31, 1933, and since 1863 187
No. 28. National-bank notes received monthly for redemption during year ended October 31, 1933 187
No. 29. National-bank notes received at Currency Bureau and destroyed since establishment of the system 188
No. 30. National-bank notes issued during each year 1914 to 1933, national-bank notes of active, insolvent, and liquidated banks destroyed, total destructions for each year, and percentage of destructions to issues 188
No. 31. Amount, denomination, and cost of national-bank currency re- ceived from Bureau of Engraving and Printing, year ended October 31, 1933 189
No. 32. Vault account of currency received and issued by Currency Bureau during the year, and the amount on hand October 31, 1933 189
No. 33. Vault account of currency received and destroyed during year ended October 31, 1933 189
No. 34. Amount of currency received for redemption, by months, from July 1, 1932, to June 30, 1933, and counted into cash of the National Bank Redemption Agency 189
No. 35. Amount of currency received by National Bank Redemption Agency for redemption in year ended June 30, 1933, from principal cities 190
No. 36. Cost of redemption of national-bank notes during the year ended June 30, 1933 190
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, 1933 190, 191
No. 38. Taxes assessed on national-bank circulation, years ended June 30, 1864 to 1933; cost of redemption, 1874 to 1933; and assessments for cost of plates, etc., 1883 to 1933 191
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 2, 1932, to October 25, 1933 192
No. 40. Federal Reserve notes, segregated by series, printed, shipped, and canceled, issued to banks, retired, and destroyed since organization of the banks, with the balance in vaults and amount outstanding October 31, 1933___ 193-195
No. 41. Aggregate amount of Federal Reserve bank notes, old series, printed, issued, canceled, and redeemed by denominations, since the inauguration of the Federal Reserve System, and amount outstanding October 31, 1933 196
No. 41a. Aggregate amount of Federal Reserve bank notes, series 1929, printed, shipped, and on hand; issued, retired, and outstand- ing; received for destruction and destroyed by denominations, under the terms of section 18, Federal Reserve Act, as amended and approved March 9, 1933, during period March 9, 1933, to October 31, 1933 196, 197
No. 42. National banks in charge of receivers during year ended October 31, 1933, capital at date of organization, capital, deposits and borrowed money at date of failure, dividends paid while sol- vent, and circulation outstanding, etc 198-229
No. 42a. State banks in District of Columbia under supervision of the Comptroller of the Currency, in charge of receivers during year ended October 31, 1933, capital at date of organization, capital, deposits, and borrowed money at date of failure, dividends paid while solvent, etc 233
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VIII CONTENTS
Page No. 43. National banks in charge of receivers during year ended October
31, 1933, 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 collec- tions, and various other data indicating the progress or results of liquidation to October 31, 1933 232-319
No. 43a. State banks in District of Columbia under supervision of Comp- troller of the Currency, in charge of receivers during year ended October 31, 1933, 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 in- cluding offsets allowed together with the disposition of such collections, and various other data indicating the progress or results of liquidation to October 31, 1933 320, 321
No. 44. National banks restored to solvency after having been placed in charge of receivers 322, 323
No. 45. National banks restored to solvency which subsequently became insolvent „ 323
No. 46. Dividends paid to creditors of insolvent national banks and Washington, D.C., State banks under the supervision of the Comptroller of the Currency, during the year ended October 31, 1933 324-336
No. 47. National banks placed in charge of receivers the affairs of which have been closed, by years, from April 14, 1865, to October 31, 1933, with amounts of total nominal assets, capital stock, circu- lation outstanding and total deposits at date of failure, together with various data indicating the results of liquidation, for those receiverships closed through liquidation 337-341
No. 48. National banks placed in charge of receivers the affairs of which have been closed, by States, from April 14, 1865, to October 31, 1933, with amounts of total nominal assets, capital stock, cir- culation outstanding and total deposits at date of failure, together with various data indicating the results of liquida- tion, for those receiverships closed through'liquidation 342-345
No. 49. National banks unlicensed as of March 16, 1933, subsequently disposed of without the appointments of conservators, with capital at date of organization, capital, assets, deposits and borrowed money as of December 31, 1932, dates of appointments of receivers and licenses issued under the bank holiday, includ- ing data as to banks otherwise in liquidation, and amount of deposits released through reorganizations and sales of assets to December 31, 1933 346-359
No. 50. National banks unlicensed as of March 16, 1933, subsequently placed in charge of conservators to December 31, 1933, capital at date of organization, capital, assets, deposits, and borrowed money as indicated by conservators' first reports, dates of appointments of receivers, and conservators and licenses issued under the bank holiday, including data as to banks otherwise in liquidation, and amount of deposits released through reor- ganizations and sales of assets to December 31, 1933 360-401
No. 50a. Washington, D.C., State banks unlicensed as of March 16, 1933, subsequently placed in charge of conservators to December 31,…